Data Dictionary
Item Number 0498
NET PROVISION FOR LOSSES ON NONINTEREST-BEARING ASSETSCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| SVGL0498 | 1990-03-31 | 2011-12-31 | Yes | OTS 1313 |
Data Description:
Includes the provision for losses on all noninterest-bearing assets. Credit balances are reported as negative.
Refer to the General Instructions for Schedule VA for a discussion of the proper calculation of provision for losses.
Adjustments to valuation allowances should be reported in the period in which the reporting thrift determined the amount of the loss even if that loss actually occurred in a prior period.
Also includes:
1. Adjustment to valuation allowances on:
a. Real Estate Owned
b. Real Estate Held For Investment
c. Service Corporations/Subsidiaries
d. Other Assets
2. Losses recognized in marking foreclosed assets to fair value.
Excludes:
1. Adjustments to valuation allowances on marketable equity securities for unrealized losses or recoveries in accordance with FAS No. 12, "Accounting for Certain Marketable Securities"; reported directly in item 0477;
2. Mark to market adjustments on assets held in a trading portfolio; reported in item 0492;
3. Recoveries of valuation allowances at the time of sale; include these in the gain or loss; and
4. Provisions for losses on interest-bearing assets; reported in item 0498.