Data Dictionary
Item Number 3819
FINANCIAL STANDBY LETTERS OF CREDIT AND FOREIGN OFFICE GUARANTEESCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| BAGR3819 | 2001-03-31 | 9999-12-31 | No | |
| FNBK3819 | 1995-12-31 | 2001-12-31 | No | FR Y-7 |
| RCFD3819 | 1990-03-31 | 9999-12-31 | No | Multiple Forms |
| RCON3819 | 1990-03-31 | 9999-12-31 | No | Multiple Forms |
| SUBC3819 | 1991-12-31 | 2002-09-30 | No | FR 2314a/b/c |
| UBPR3819 | 2001-03-31 | 9999-12-31 | No |
Data Description:
Includes the amount outstanding and unused as of the report date of all financial standby letters of credit (and all legally binding commitments to issue financial standby letters of credit) issued by any office of the bank. A financial standby letter of credit irrevocably obligates the bank to pay a third-party beneficiary when a customer (account party) fails to repay an outstanding loan or debt instrument. (For further information, see the Glossary entry for "letter of credit" in the Report of Condition and Income Instruction Booklet.)
Excludes: (1) financial standby letters of credit where the beneficiary is a consolidated subsidiary of the reporting bank; (2) performance standby letters of credit; and (3) signature of negotiable instruments or securities in the normal course of business.
NOTE:
Beginning 3/31/02, for series RCFD and RCON, this item is being replaced by item no. B546 on Schedule RC-R because of the new way "Standby Letters of Credit" are calculated. Still reported on Schedule RC-L.
Beginning 3/31/01-12/31/01, report in column A the face amount of financial standby letter of credit reported in Schedule RC-L, item 2. Reported in Schedule RC-R Regulatory Capital for the FFIEC 031 and 041 reports,
Reported on the Balance Sheet for the FR Y-7 (FNBK) report. Reported only by nonbank subsidiaries with total assets of more than $150 million.
For the UBPR series, the FDIC's Data Element name is H-RSTBYLET
This variable is used by the FDIC and OCC in the process to generate the UBPR in the Central Data Repository (CDR). The Board does NOT store this MDRM within the UBPR series tables in the Board's Financial Data Repository (FDR).
BAGR Original Variable name: FLOCFV Formula:
FLOCFV=IF DT ge 20010331 THEN FLOCFV = RCFD3819/1000;