Data Dictionary
Item Number 6154
MORTGAGE LOANS AND CONTRACTS - FIRST MORTGAGE LOANS: ADJUSTABLE-RATE: 1-4 DWELLING UNITS - CURRENT MARKET INDICES, (TREASURY, LIBOR) - WEIGHTED AVERAGE REMAINING TERM (IN MONTHS)Call confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| SVG16154 | 1989-06-30 | 1992-12-31 | Yes | Multiple Forms |
| SVG26154 | 1989-06-30 | 1992-12-31 | Yes | Multiple Forms |
| SVG36154 | 1989-06-30 | 1992-12-31 | Yes | Multiple Forms |
| SVG46154 | 1989-06-30 | 1992-12-31 | Yes | Multiple Forms |
| SVG56154 | 1989-06-30 | 1992-12-31 | Yes | Multiple Forms |
| SVG66154 | 1989-06-30 | 1992-12-31 | Yes | Multiple Forms |
| SVG76154 | 1989-06-30 | 1992-12-31 | Yes | Multiple Forms |
| SVG86154 | 1989-06-30 | 1992-12-31 | Yes | Multiple Forms |
| SVGL6154 | 1989-06-30 | 1992-12-31 | Yes | Multiple Forms |
Data Description:
Includes the weighted average remaining term in months. The Weighted Average Remaining Term is computed as a ratio and reported in months. For the numerator of the ratio, calculated is the sum of the products resulting from multiplying the outstanding balance of each asset included in the corresponding balance sheet line by its remaining term to maturity, in months. For the denominator of the ratio, calculated is the sum of the outstanding balances of all the assets included in the numerator. Excludes loans in process or nonperforming loans in this calculation.
Example: An institution has three mortgages with contractual remaining terms to maturity of more than 20 years, one with a 252 month term and an outstanding balance of $100,000, one with a 300 month term and an outstanding balance of $110,000 and one with a 360 month term and an outstanding balance of $125,000. The Weighted Average Remaining Term of the three loans would be 308 months for reporting purposes and would be entered in the More Than 20 Years column.
Weighted Average = $100,000(252) + 110,000(300) + 125,000(360)
Remaining Term $335,000
= 308 months
NOTE:
Data reported under mnemonics SVG1 thru SVG9.