Board of Governors of the Federal Reserve System

Data Dictionary

Item Number 3431

Call confidentiality applies to FFIEC 031/041.

Data Description:

Includes on a fully consolidated basis all "loans originated" by the reporting bank, (with the exceptions noted below), that the bank has sold or transferred to others (including affiliates, and subsidiaries not consolidated in the report of condition and the bank's trust department), during the calendar quarter ending with the report date, regardless of when the loan was originated by the reporting bank and regardless of whether servicing has been retained by the reporting bank. Also includes those portions of loans originated by the reporting bank that have been sold or transferred during the calendar quarter ending with the report date. The amount reported in this item should be gross, i.e., without regard to repayments by borrowers. However, for purposes of this item, for short-term revolving loans originated by the bank and sold or participated to others during the quarter, includes highest amount of such loans advanced and sold under each written line of credit agreement during the quarter rather than the sum of all amounts advanced and sold under each agreement during the quarter.

The term "loans originated" covers any loan made directly by the reporting bank. Excludes loans purchased from others. In the case of syndicated loans, "loans originated" covers only the reporting bank's share, even if the reporting bank is the lead bank in the syndication. Furthermore, in connection with overline agreements, loans made during the calendar quarter by a correspondent of the reporting bank to one of the reporting bank's customers are also considered to be "loans originated" by the reporting bank.
Excludes 1 to 4 family residential real estate loans originated by the reporting bank and sold to others; loans to individuals for household, family, and other personal expenditures originated by the reporting bank and sold to others; renewals or rollovers during the calendar quarter of loans previously sold by the reporting bank provided no new funds are advanced. However, any additional funds advanced by the reporting bank in connection with the rollovers and sold during the calendar quarter are to be reported in this item; loans sold under agreements to repurchase involving the receipt of immediately available funds for one business day only or under continuing contract, which are to be reported in the reporting bank's liabilities in "Federal Funds Purchased and Securities Sold Under Agreements to Repurchase in Domestic Offices of Bank and of Its Edge and Agreement Subsidiaries, and in IBFs (2800)"; and sales of loans that are to be reported as borrowings in "Other Borrowed Money (2850)" e.g., loans sold under agreements to repurchase involving the receipt of funds that are not immediately available for disposal (i.e., not available on the same day as received) or that mature in more than one day and are not under continuing contract; and loans sold with recourse or sold in transactions in which risk of loss or obligation for payment of principal or interest is retained by, or may fall back upon, the seller.