Board of Governors of the Federal Reserve System

Data Dictionary

Item Number 1415

Call confidentiality applies to FFIEC 031/041.

Data Description:

Includes loans secured primarily by real estate and with maturities of not over 60 months (for member banks) made to finance land development and the construction of industrial, commercial, residential, or farm buildings. Includes not only the construction of new structures but also additions or alterations to existing structures; the demolition of existing structures to make way for new structures; and loans secured primarily by real estate where the proceeds thereof are to be used to acquire and improve developed property (land development is the process of improving land (i.e., laying sewers, water pipes, etc.) preparatory to the erection of new structures); and loans made under Title I of the National Housing Act that conform to the definition of construction, as stated above, and that are secured primarily by real estate.

Excludes loans secured primarily by real estate that have maturities greater than 60 months (for member banks) and loans to finance construction and land development that are not secured primarily by real estate. Also excludes loans to acquire vacant land.

NOTE:
Beginning 3/31/01, title includes "Other Land Loans" and the definition has been revised to include loans secured by real estate made to finance land development (i.e., the process of improving land--laying sewers, water pipes, etc.) preparatory to erecting new structures or the on-site construction of industrial, commercial, residential, or farm buildings. For this item, "construction" includes not only construction of new structures, but also additions or alterations to existing structures and the demolition of existing structures to make way for new structures.

Also include in this item:

   (1) Loans secured by vacant land, except land known to be used or usable for agricultural purposes, such as crop and livestock production (which should be reported in Schedule RC-C, part I, item 1.b, below, as loans secured by farmland).

   (2) Loans secured by real estate the proceeds of which are to be used to acquire and improve developed and undeveloped property.

   (3) Loans made under Title I or Title X of the National Housing Act that conform to the definition of construction stated above and that are secured by real estate. Exclude loans to finance construction and land development that are not secured by real estate (report in other items of Schedule RC-C, part I, as appropriate).

Exclude loans to finance construction and land development that are not secured by real estate (report in other items of Schedule RC-C, part I, as appropriate).

Reported on Schedule RC-C for the FFIEC 031 and 041 reports.

Reported on Schedule HC-C for the FR Y-9C (BHCK) report.

Beginning in March 2008, RCON1415 is derived for both the FFIEC 31/41 reports - Sum(RCONF158, RCONF159)

BHCK ITEM CAN BE CALCULATED (BHCKF158 + BHCKF159)

For the UBPR series, the FDIC's Data Element name is H-RECONS

Beginning in September 2008, RCFD1415 and RCFN1415 are added and RCON1415 (RCFD-RCFN) will be derived for the FFIEC 002.

This variable is used by the FDIC and OCC in the process to generate the UBPR in the Central Data Repository (CDR). The Board does NOT store this MDRM within the UBPR series tables in the Board's Financial Data Repository (FDR).

BAAQ Original Variable name: ARECONSQ Formula:

ARECONSQ=ARECONSQ=(RECONST1+RECONST2)/2 IF DT ge 19760331 THEN RECONST=RCON1415/1000;

BAAY Original Variable name: ARECONSY Formula:

ARECONSY=5 Quarter Averaging If QT eq 1 Then ARECONSY=(RECONST1+RECONST2)/2;
If QT eq 2 Then ARECONSY=(RECONST1+RECONST2+RECONST3)/3;
If QT eq 3 Then ARECONSY=(RECONST1+RECONST2+RECONST3+RECONST4)/4;
If QT eq 4 Then ARECONSY=(RECONST1+RECONST2+RECONST3+RECONST4+RECONST5)/5;
IF DT ge 19760331 THEN RECONST=RCON1415/1000;

BAGR Original Variable name: RECONST Formula:

RECONST=IF DT ge 19760331 THEN RECONST=RCON1415/1000;