Data Dictionary
Item Number 3260
RESERVES FOR CONTINGENCIES AND OTHER CAPITAL RESERVESCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| CUCP3260 | 1997-01-31 | 9999-12-31 | No | NCUA 5310 |
| CUSA3260 | 1980-12-31 | 9999-12-31 | No | NCUA 5300/5300S |
| IADX3260 | 1960-12-31 | 1968-12-31 | No | FFIEC 011 |
| RCFD3260 | 1969-06-30 | 1983-12-31 | No | FFIEC 014 |
| RCON3260 | 1959-06-10 | 1985-12-31 | No | Multiple Forms |
| RIAD3260 | 1969-12-31 | 1975-12-31 | No | Multiple Forms |
| RIAD3260 | 1979-03-31 | 1985-12-31 | No | Multiple Forms |
| SUBC3260 | 1973-12-31 | 1983-12-31 | No | Multiple Forms |
| SVGL3260 | 1979-12-31 | 1986-12-31 | Yes | Multiple Forms |
Data Description:
Reserves for prospective losses and reserves for bond premium are not included here. The following reserves are included:
(1) Reserve For Dividends Payable In Common Stock - Amounts set aside to provide for stock dividends (as distinguished from cash dividends) not yet declared. Does not include each dividends declared but not yet payable which are included in "All Other Liabilities (2930)."
(2) Reserve For Undeclared Dividends - Amounts set aside for cash dividends on common stock and preferred stock, not yet declared.
(3) Retirement Account - Amounts set aside in a retirement account under the plan for retirement of preferred stock or capital notes and debentures, contained in the bank's articles of association or agreement under which such preferred stock or capital notes and debentures were issued.
(4) Reserves For Securities - All reserves for securities created by charges against equity capital accounts, usually appropriations of undivided profits, are classified as capital reserves.
(5) Reserve For Contingencies - Amounts set aside for possible unforeseen or indeterminate liabilities not otherwise reflected in the bank's books and not covered by insurance. Reserve for contingencies includes, for example, reserves set up for possible losses which the bank may sustain because of lawsuits, default on obligations on which the bank is contingently liable, or other claims against the bank. Since reserve for contingencies represents a segregation of undivided profits, it does not include any element of known losses or losses which can be estimated with reasonable accuracy.
The amount reported as "reserve for contingencies" does not include reserves for prospective losses on loans and securities.
If a bank keeps its expense accounts on a cash basis but from time to time earmarks a portion of undivided profits to cover estimated interest, taxes, and other expenses, such amounts are merely segregated portions of undivided profits and are not treated as an expense until such time as the appropriate expense accounts are debited. If, however, a bank is on a complete or partial accrual system and regularly charges accruals of interest, taxes, or other expenses to appropriate expense accounts, the amount of expenses thus accrued and unpaid is not included in reserves but is reported in "Other Liabilities (2900)."
COMPARABILITY:
Beginning 12/31/2000, for the CUSA report, this account will now only include amounts that originated from undivided earnings (Appropriations of Undivided Earnings).
Beginning 1/31/1997, for the CUCP report includes the total of all reserves (except for Corporate Reserves).
NOTE:
Reported on Schedules SFC and C-1 for the CUCP report.
The figure on Schedule SFC must equal the amount listed on Schedule C-1 line 3e.