Board of Governors of the Federal Reserve System

Data Dictionary

Item Number 2339

Call confidentiality applies to FFIEC 031/041.

Data Description:

Includes all deposits consisting of the following:

(a) passbook accounts;

(b) demand and other accounts that are subject to check or withdrawal or transfer by negotiable order to the institution;

(c) certificates of deposit; and

(d) other deposits to the institution.

These accounts will include those pledged by the directors and/or organizers of the institution as protection against operating deficits whether or not they are to be used in determining compliance with minimum reserve or net worth requirements. Those accounts pledged against sinking fund mortgages, as additional collateral for mortgage and other loans, or as collateral for loans on deposits and savings accounts should be included here.

Also includes balances in U.S. Treasury tax and loan accounts administered under the remittance option requiring the remittance of the previous day's balance to a Federal Reserve Bank. Excludes U.S. Treasury tax and loan account balances administered under the note option, which provides for the conversion of the previous day's balance to an interest-bearing demand note; such balances are reported in "Other Liabilities (2073)". Escrow accounts; reported in item 2071; accounts set up by the thrift in its own name; eliminate the cash account from assets and the same amount from deposits. Since due to outstanding checks, the balance in the cash account is typically less than the deposit account, outstanding checks are reported as deposits until cleared and charged against the deposit; discounts and premiums established as a result of marking assets and liabilities to fair value as a result of an acquisition, merger, or change in control; reported in item 2728; deductions for commissions and other capitalized items; reported in item 2728; and deductions for overdrafts in NOW and demand accounts unless the legal right of offsets exists; reported as loans in item 1569 or 2707.

This item is reported monthly and quarterly. The balance in this item must equal the total of items (6422), (6426), (6427), and (6428).

Also includes:

1. All deposits whether interest-bearing or not.

2. Deposits exceeding SAIF insurance limits, including those collateralized by the savings assocition's assets, such as deposits of public funds.

3. Unposted credits, such as:

a. Deposit transactions that are included in a general ledger account and have not yet been posted to a deposit account.
b. Deposits received in one branch for deposit into another branch (typically another branch in another state or outside of continental USA).

Unposted credits should be reported net of unposted debits, which are defined as cash items in the reporting savings assocation's possession that are drawn on the reporting savings association and immediately chargeable, but not yet charged, against the savings association's depositis at the close of business on the reporting date.

Excludes:
(i) cash items drawn on other financial institutions;
(ii) overdrafts and nonsufficient fund (NSF) items;
(iii) cash items returned unpaid to the last endorser for any reason; and
(iv) drafts and warrants that are "payable at" or "payable through" the reporting savings association for which there is no written authorization from the depositior and no state statue allowing the savings association at its discretion to charge the items against the deposit accounts of the drawees.

Report the above excluded unposted debit amounts in assets in item no. 0626. Note: If the total of #3 is negative, it can be deducted from item no. 2339.

4. Outstanding cashier's checks, money orders, or other official checks drawn on an internal account issued in the usual course of business for any purpose, including, without being limited to, those issued in payment for services, dividends, or purchases of the reporting savings association, or payable to a third party named by a customer making the withdrawal.

5. Accounts pledged by the directors and/or organizers of the savings association as protection against operating deficits and other nonwithdrawable accounts, whether or not they are used in determining compliance with minimum capital requirements.

6. U.S. Treasury tax and loan accounts that represent funds received as of the close of business of the reporting date. Do not include funds credited prior to the reporting date that are automatically converted into open-end interest-bearing notes; such balances are reported in item no. 2073.

7. Unapplied loan balances (i.e., receips from borrowers that have not yet been classified as principal, interest, etc.), unless the reporting savings association credits the applicable customer accounts "as of" the date the funds are initially received.

8. Credit balances in card credit accounts (i.e.,credit card customer overpayments).

9. Funds received or held in connection with drafts or checks drawn by the reporting savings association on another depository institution, a Federal Home Loan Bank, or a Federal Reserve Bank either on a zero-balance account or on an account that is not routinely maintained with sufficient balances to cover checks drawn in the normal course of business (including accounts where funds are remitted by the reporting savings association only when it has been advised that the checks or drafts have been presented). For example, funds received from a customer for a cashier's check which is drawn on a zero-balance account in another financial institution.

10. Dealer reserve accounts, when considered a liability under GAAP. Dealer reserve accounts are refundable amounts held as collateral in the purchase of installment notes from a dealer. For example, a savings association purchasses $100,000 in installment notes from a dealer for the full face amount for which it pays $90,000 to the dealer and holds the remaining $10,000 as collateral. The $10,000 held as collateral is a dealer reserve account, which is reported as a deposit. If you hold dealer reserve that under GAAP are reported as contra-assets, then assets should be reported net of these dealer reserves in Schedule SC, and the dealer reserves must also be reported in item no. A527 or A528, as appropriate.

11. Outstanding travelers' letters of credit and other letters of credit issued by the reporting savings association for cash or its equivalent (i.e., prepaid letters of credit), less outstanding drafts accepted against the letters of credit.

12. Funds (except hypothecated deposits) held as security for an obligation due to the bank or others, and funds deposited by a debtor to meet maturing obligations (e.g., amounts pledged against sinking fund mortgages and as collateral for loans).

The gross amount of debit items ("rejects") that cannot be posted to the individual deposit accounts without creating overdrafts or for some other reason (e.g., stop payment, missing endorsement, post or stale date, or account closed), but which have been charged to the control accounts of the various deposit categories on the general ledger, should be added back to the appropriate deposit control totals and reported in item no. 0642.

Note that assets and liabilities are reported in Schedule SC in accordance with GAAP. Certain items defined in the FDI act as includable in the deposit premium assessment base, may under GAAP, be considered contra-assets rather than liabilities. Assets in Schedule SC should be reported net of such items, but these items must also be reported in items A309 or A310 through A528, as appropriate, so that they will be included in the deposit premium assessment base.

Reciprocal balances with commercial banks and other savings associations should be reported on a net basis where the right of set-off exists. Reciprocal demand balances arise when two depository institutions maintain deposit accounts with each other.

Excludes:

1. Escrow account; reported in item no. 2071.

2. Custodial accounts established pursuant to loan servicing agreements; reported in item no. 2071.

3. Deposit accounts set up by the savings association in its own name. Eliminate the cash account from assets and the same amount from deposits. See item 4d under "include" above concerning outstanding checks.

4. Outstanding checks drawn on, or payable at or through, a non-zero-balance account at a Federal Reserve Bank or a Federal Home Loan Bank. These amounts should be deducted from cash-in-bank (typically, item no. 0626 or 0437, as appropriate), and also reported in item no. A309 for inclusion in the deposit base for FDIC insurance assessment purposes. See item 9 under "include" above concerning outstanding checks drawn on zero-balance accounts.

5. Outstanding checks written against accounts in other depository institutions, as defined by the Federal Deposit Insurance Act; deduct these from the related deposit reported in item no. 0626 or 0438.

6. Discounts and premiums established as a result of marking assets and liabilities to fair value as a result of an acquisition, merger, or change in control; reported in item no. 2728.

7. Deductions for commissions and other capitalized items; reported in item no. 2728.

8. Deductions for customers' overdrafts in NOW and demand accounts unless the right of set-off under a valid cash management arrangement exists for accounts of the same legal entity; report as loans in item no. 1569 or 2707.

9. U.S. Treasury tax and loan account balances credited prior to the reporting date are automatically converted into open-ended interest-bearing notes; such balances are reported in liabilities in item no. 2073.

10. Hypothecated deposits (deposits accumulated for the payment of loans); deduct these from the related loan balance;

11. Unamortized deferred gains and losses on hedging transactions closed prior to adoption of SFAS No. 133; reported in item no. 2728; and

12. The accumulated gain or loss (the change in fair value) on deposits attributable to the designated risk being hedged on a qualifying fair value hedge under SFAS No. 133; reported in item no. 2728.

NOTE:

Beginning 12/31/2002, item 3 in the "Do Not Include" list to exclude only those internal accounts for which you have a corresponding cash account in assets.

Beginning 9/30/2000, item 11 in the definition above was revised and item 12 was added.

Beginning 12/31/1999, item 10 in the definition above was revised.

Beginning 9/30/1999, reciprocal balances are included only when permissible under GAAP.

Beginning March 31, 1990 became a derived item.

Beginning March 31, 1990 definition revised and includes all deposits at their face value except zero coupon deposits, which are reported at face value net of the unamortized discount.

COMPARABILITY:

Beginning 3/31/87, includes the sum of "Deposit Balances, Negotiable Certificates With Original Maturities of Three Months or Less (0987)", "Deposit Balances, Other (0988)", "Deposits With Balances Less Than $80,000 (2084)" and "Deposits With Balances $80,000 to $100,000 (2101)".