Data Dictionary
Item Number 5518
TOTAL "ADJUSTED ATTRIBUTABLE DEPOSITS" OF ALL INSTITUTIONS ACQUIRED UNDER SECTION 5(D)(3) OF THE FEDERAL DEPOSIT INSURANCE ACTCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| RCON5518 | 1992-03-31 | 1996-12-31 | No | Multiple Forms |
| SVGL5518 | 1994-03-31 | 1996-12-31 | Yes |
Data Description:
If the reporting bank has acquired the deposits of an institution under Section 5(d)(3) of the Federal Deposit Insurance (FDI) Act (the "Oakar Amendment") the amount of "Adjusted Attributable Deposits" (AADA) from the bank's most recently completed "FDIC Oakar Certified Statement Attachment" is reported.
If the reporting bank has acquired the deposits of more than one institution under Section 5(d)(3), the separate AADAs from the most recently completed "Oakar Transaction Worksheet" for each institution is totalled and reported in this item. For example, Bank A, a Bank Insurance Fund (BIF) member, has acquired deposits from Institution X, Institution Y, and Institution Z, all of which were Savings Association Insurance Fund (SAIF) members, under Section 5(d)(3) of the FDI Act. Bank A will complete a separate "Oakar Transaction Worksheet" for each transaction, computing the AADA attributable to each transaction. Bank A must add the AADAs for Institution X, Institution Y, and Institution Z and report the total in this item.
NOTE: The total AADA for an Oakar bank is amended as of December 31 each year to reflect the annual growth of deposits in the bank as a whole. Each December, all Oakar institutions that have consummated an "Oakar" transaction prior to January 1 of that year will receive an "FDIC Oakar Transactions Worksheet for Computing Annual Deposit Growth Rate for Adjusted Attributable Deposit Amounts." The amended AADA total computed on the Worksheet is reported in this item (Schedule RC-O for the FFIEC 031-034 reports) for December 31. This amount is also reported without change in Schedule RC-O in the following March 31, June 30, and September 30 Reports of Condition. The only allowable change to the amended AADA computed as of December 31 in the following March 31, June 30, and September 30 Reports of Condition is the addition of AADAs attributable to new "Oakar" transactions.
Example: The amended AADA computed for the BIF member institution for December 31 was $1 million. On the Report of Condition, Schedule RC-O, in this item for March 31 of the following year $1 million would be reported. On April 20, the institution acquires $500,000 in deposits from a SAIF member institution by means of an "Oakar" transaction. On the June 30 Report of Condition, an AADA of $1.5 million is reported in Schedule RC-O in this item, just as it would on September 30.
NOTE:
Reported in Schedule RC-O for the FFIEC 031, 032, 033 and 034 reports.
To be completed by banks with "Oakar deposits."