Board of Governors of the Federal Reserve System

Data Dictionary

Item Number 3197

Call confidentiality applies to FFIEC 031/041.

Data Description:

The total of all assets that the consolidated bank holding company considers earning assets that are repriceable within one year or that matures within one year. Earning assets includes interest-bearing balances due from depository institutions, securities, federal funds sold and securities purchased under agreements to resell and loans and leases. Assets in these categories that are in nonaccrual status are excluded from earning assets. Includes earning assets: (1) that have a floating or variable rate contract that permits the interest rate on the asset to change more often than once a year, i.e., has a repricing frequency of less than one year (even though the remaining maturity on the assets may be one year or more). Note, however, bank holding companies whose records provide repricing data on the length of time between the report date and the date the rate can next change (i.e., by earliest repricing opportunity) may continue to report in this item the dollar amount of floating rate earning assets with an earliest repricing opportunity of less than one year, even though the repricing frequency is one year or more, provided all floating rate transactions are reported on this schedule in this manner. If a holding company chooses to report its floating rate earning assets by the earliest repricing opportunity, the dollar amount of the contractual payments on its multi-payment floating rate earning assets that are scheduled to be repaid within one year even if the earliest repricing opportunity and the repricing frequency is one year or more should be reported in this item; or (2) that have a fixed or predetermined interest rate and that have a remaining maturity of less than one year. Note, however, bank holding companies with multi-payment fixed rate earning assets may continue to report the dollar amount of scheduled contractual payments that are to be repaid in less than one year in this item even though the remaining maturity of the assets is one year or more provided all multi-payment transactions are reported in this manner. If the repricing frequency or remaining maturity are less than one year, includes the following: (1) Leases, net of unearned income, as fixed rate instruments. Note, however, holding companies may continue to report the change in the book value of the lease payments that are to be repaid in less than one year, net of unearned income provided they are reporting on Schedule HC-D using the alternate procedure described in the general instructions to Schedule HC-D. Any estimated residual value included in the net book value is reported if the final lease payment is scheduled to be made in less than one year. (2) All demand loans made solely on a demand basis (i.e., without an alternate maturity date or without repayment terms). (3) Demand loans that have an alternate maturity date or repayment terms, as fixed or floating rate instruments, on the basis of the alternate maturity date. (4) Credit cards and related plans with floating or adjustable rates (e.g., where the rate varies, or can vary, each billing cycle). Where the bank holding company 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. Credit cards and related plans with fixed or predetermined interest rates are to be excluded from this item. (5) Amortizing fixed rate mortgage loans that implicitly permit rate adjustments by having the note mature at the end of an interval shorter than the term of the amortization schedule unless the holding company made no promise to refinance the loan, as a floating rate instrument. (6) Student loans whose interest rate is adjusted periodically by the U.S. Government by means of interest payments that includes an amount of "additional interest," as floating rate instruments. (7) Loans secured by real estate that are held by the holding company or its subsidiaries for sale and delivery to the Federal National Mortgage Association or other secondary market participants under the terms of a binding commitment, on the basis of the delivery date specified in the commitment. (8) Floating rate loans on which the borrower has the option at each repricing date to choose the next repricing date, in accordance with the repricing option currently in effect as of the report date. (9) Debt securities, without regard to their call date unless the security has actually been called. When fixed rate debt securities have been called, they are reported on the basis of the time remaining until the call date. (10) Mortgage pass-through certificates, (such as those issued by the Government National Mortgage Association (GNMA), the Federal Home Loan Mortgage Corporation (FHLMC), certain banks and savings and loan associations, and securities dealers) and all Small Business Administration (SBA) "Guaranteed Loan Pool Certificates." (11) Fixed rate collateralized mortgage obligations (CMOs) and similar instruments on the basis of the time remaining until the stated final maturity of the instrument,not the projected final maturity or weighted average life of the instrument. (12) Debt securities that provides the consolidated bank holding company with the option to redeem them at one or more specified dates prior to their contractual maturity date, so-called "put bonds," on the basis of earliest "put" date for bonds. (13) Zero coupon debt securities, as fixed rate debt securities. Excludes trading account assets and equity securities. NOTE: Beginning 3/31/95, reported on the Balance Sheet for the FR Y-11Q (BHCS) report. Prior to 3/31/95, reported on the Balance Sheet for the FR Y-11Q (BHCQ) report. COMPARABILITY: Beginning 12/31/02, reported on Schedule BS-M for the FR Y-11 (BHCS) report. Beginning 6/30/95, For the FR Y-11Q (BHCS) report, includes assets held in trading accounts. Also assets that are in nonaccrual status may be included in earning assets.