Data Dictionary
Item Number 3488
LOANS PURCHASED BY THE REPORTING BANK DURING THE CALENDAR QUARTER ENDING WITH THE REPORT DATECall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| RCFD3488 | 1987-06-30 | 1993-12-31 | No | FFIEC 031 |
| RCON3488 | 1987-06-30 | 1993-12-31 | No | Multiple Forms |
Data Description:
Includes on a fully consolidated basis all loans and participations in loans (with the exceptions noted below) that have been purchased or otherwise acquired from others (including affiliates, unconsolidated subsidiaries, and the bank's trust department) during the calendar quarter ending with the report date, regardless of when the loans were originated and regardless of whether the loan servicing has also been acquired. In general, the amount to be reported in this item for each loan purchased should be gross, i.e., without regard to repayments by the borrower. However, when the amount purchased from others under a line of credit or similar arrangement fluctuates during the quarter as a result of one or more advances to and payments by the borrower, includes the difference between the highest balance outstanding during the quarter (after any advance) on the portion of the line of credit or loan that has been purchased and the lowest previous balance during the quarter on this purchased loan.
In the case of a syndicated loan, each syndicate participant's share of the syndicated loan is not considered a "loan purchased." In connection with an overline agreement with another bank involving a borrower at the other bank, a loan made during the quarter by your bank to such a borrower is considered to be a "loan purchased" by your bank.
Excludes:
(1) Loans secured by 1 to 4 family residential properties purchased by the reporting bank.
(2) Loans to individuals for household, family, and other personal expenditures purchased by the reporting bank.
(3) Renewals or rollovers during the calendar quarter of loans previously purchased by the reporting bank provided no new funds are advanced. However, any additional funds advanced by the reporting bank in connection with the roll-over during the calendar quarter are to be reported in this item.
(4) Loans purchased under agreements to resell involving the receipt of immediately available funds for one business day only or under a continuing contract, which are to be reported in the reporting bank's assets in item 1350 (or, on the FFIEC 031, item 2122, if appropriate).
(5) Purchases of assets that are to be reported as securities in item 0390.