Board of Governors of the Federal Reserve System

Data Dictionary

Item Number 5508

Call confidentiality applies to FFIEC 031/041.

Data Description:

Includes the net book value of all other real estate owned (in domestic offices) in the form of, or for which the underlying real estate consists of, either land under development or structures or facilities under construction, whether or not development or construction is continuing or has ceased prior to completion. When construction is substantially completed and the structure or facility is available for occupancy or use, the net book value is reported in the item appropriate to the completed structure or facility.

NOTE:

Reported in Schedule RC-M for the FFIEC 031, 032, 033 and 034 reports.

For further information on the meaning of the term "construction and land development," see item 1415. However, the amount reported in this item includes all other real estate owned in the form of, or for which the underlying real estate consists of, either land under development or structures or facilities under construction, not just real estate acquired through foreclosure on loans that were originally reported as "Construction and Land Development Loans (1415)" in Schedule RC-C (FFIEC 031-034).

For the UBPR series, the FDIC's Data Element name is H-REOWNCONS

BAGR Original Variable name: OCONS Formula:

OCONS=IF DT ge 19920331 THEN OCONS=RCON5508/1000;