Board of Governors of the Federal Reserve System

Data Dictionary

Item Number 1426

Call confidentiality applies to FFIEC 031/041.

Data Description:

Includes loans and lease financing receivables with the time remaining to maturity if fixed rate, or the earliest possible repricing opportunity if floating rate of 3 months or less (excluding amounts reported in item 1425.) (A) loans and lease financing receivables with fixed or predetermined rates are reported as follows: (1) single payment loans and leases are reported on the basis of the time remaining to maturity; (2) multi-payment loans and leases are reported on the basis of their scheduled contractual payments. (B) loans and lease financing receivables with floating or adjustable rates are reported as follows: (1) single payment loans and leases are reported on the basis of the earliest possible repricing opportunity; (2) multi-payment loan and leases: (a) that have no contractual payments scheduled before the earliest repricing opportunity are reported on the basis of the earliest possible repricing opportunity and (b) that have some contractual payments scheduled before the earliest repricing opportunity are reported by allocating such payments to the appropriate columns and by reporting the remaining balance of the loans and leases in the column representing the earliest possible repricing opportunity. If the payments scheduled prior to the earliest repricing opportunity for a given instrument are immaterial, the entire balance of that instrument may be reported in the column representing the earliest possible repricing opportunity.

Amortizing real estate loans secured by 1 to 4 family residential properties in domestic offices and installment loans to individuals for household, family, and other personal expenditures (excluding credit cards and related plans) in domestic offices may be included in this item by selecting one of two methods at the reporting bank's option: (1) by scheduled amortization, or (2) by final maturity for fixed rate loans and by earliest repricing opportunity for floating rate loans. The first method is preferred. The option may be exercised independently for such 1 to 4 family mortgages and for such consumer installment loans but must be followed consistently for all such loans within each category. When option (2) is selected, the estimated regularly scheduled payments on amortizing real estate loans secured by 1 to 4 family residential properties in domestic offices (1432) or the estimated regularly scheduled payments on installment loans to individuals for household, family, and other personal expenditures (excluding credit cards and related plans) in domestic offices (1433) or both that were received during the calendar quarter ending with the report date must be reported, as appropriate. For floating rate loans, if option (1) is selected, the scheduled payments should be spread only up to the earliest repricing opportunity, at which point the total remaining balance should be reported. If option (2) is selected, the entire balance of such loans should be reported by the earliest repricing opportunity.

Credit cards and related plans with fixed or predetermined rates are to be reported in "Loans and Lease Financing Receivables Over 1 Year Through 5 Years (1429)", regardless of the actual maturity experience or expectation. Credit cards and related plans with floating or adjustable rates (e.g., where the rate varies, or can vary, each billing cycle) are reported on the basis of their earliest possible repricing opportunity. Where the bank in its contract with the borrower simply reserves the right to change the interest rate on a credit card or related plan, the plan should not be considered to have a floating or adjustable rate.

Real estate loans that are held by the bank for sale and delivery to the Federal National Mortgage Association or other secondary market participants under the terms of a binding commitment should be reported for loans with fixed or predetermined rates, on the basis of the time remaining until the delivery date specified in the commitment or for loans with floating or adjustable rates the earlier of (a) the time remaining until the delivery date or (b) the earliest possible repricing opportunity. When method (2) is used to report amortizing real estate loans secured by 1 to 4 family residential properties in domestic offices in this item, exclude from the amount reported in item (1432) any payments received during the calendar quarter ending with the report date on real estate loans covered by the commitment.

NOTE:

Reported as confidential for the reporting period 6/30/83 thru 12/31/83.