Data Dictionary
Item Number 2834
AVERAGE DAILY BALANCE IN LOANS OF FEDERAL FUNDSCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| SCR12834 | 1980-02-29 | 1980-06-30 | Yes | |
| SCR22834 | 1980-02-29 | 1980-06-30 | Yes | |
| SVGM2834 | 1981-01-31 | 1982-12-31 | Yes | FHLBB 107 |
Data Description:
Includes as unsecured day(s) (federal) funds loans (defined in Bank System Regulations 523.10(g)(4)) only those unsecured loans made directly to a FDIC insured commercial bank or made to another FDIC insured commercial bank by a depository bank acting as an agent (or by any other authorized agent), which have resulted from a debit to the reporting institution's commercial bank deposit balance on the same day the transaction is executed. Also includes any renewals of such loans. These loans may be up to the six months maximum provided by the Bank System Regulations.
Excludes any such loans that would not qualify as eligible liquid assets as a result of the requirement of Bank System Regulation 523.10(g)(4)(i) that the total of all time deposits and loans of unsecured day(s) (federal) funds in the same commercial bank should not exceed the greater of (a) one fourth of one percent of the total deposits of such bank, (b) the amount of the institution's net worth, or (c) $100,000. Also excludes secured loans of federal funds, all repurchase agreements, even if made in immediately available funds, and overnight deposits with a Federal Home Loan Bank.
The figure to be reported as defined in this item is an average daily balance, not an end of month balance. This average balance should be calculated by adding the balances of all such loans of unsecured day(s) (federal) funds on the books at the end of each calendar day of a month and dividing by the number of calendar days in the month. For example, if there are no such loans outstanding during the first 13 days of March, but a loan for $100,000 was made on Thursday, March 14th, which was repaid on Monday, March 18th, prior to the close of business, and there was no further lending during the month, the average daily balance would be calculated by adding the $100,000 balance for each of the four days it was outstanding (the 14th, 15th, 16th, and 17th,) and dividing by 31 (the number of days in March). Consequently, the figure reported in this item would be $12,903 ($400,000 divided By 31).