Data Dictionary
Item Number 8431
INCOME FROM THE SALE AND SERVICING OF MUTUAL FUNDS AND ANNUITIES (IN DOMESTIC OFFICES)Call confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| BHCK8431 | 1995-03-31 | 9999-12-31 | No | FR Y-9C |
| RIAD8431 | 1994-03-31 | 9999-12-31 | No | Multiple Forms |
| SVGC8431 | 1994-03-31 | 1996-03-31 | Yes | OTS 1313 |
| SVGL8431 | 1995-03-31 | 2009-03-31 | Yes | OTS 1313 |
| SVGS8431 | 1995-03-31 | 1996-03-31 | Yes | OTS 1313 |
Data Description:
Reported is the amount of income earned by the reporting entity during the calendar year to date from the sale and servicing of mutual funds and annuities (in domestic offices). Includes:
(3) Fees for providing investment advisory services for proprietary mutual funds and annuities.
Also includes income from sales conducted through the reporting entity's trust department that are not executed in a fiduciary capacity (e.g., trustee, executor, administrator, conservator), but excludes income from sales conducted by the trust department that are executed in a fiduciary capacity.
NOTE:
Beginning 3/31/04, reported on Schedule SI for the SVGL report.
Reported in Schedule RI - Income Statement, for the FFIEC 031, 032, 033 and 034 reports.
(1) Income earned in connection with mutual funds and annuities that are sold on bank premises or are otherwise sold by the reporting entity, through a subsidiary, or by affiliated or unaffiliated entities from whom the entity receives income. This income may be in the form of fees or sales commissions at the time of the sale or fees, including a share of another entity's fees, that are earned over the duration of the account (e.g., annual fees, Rule 12b-1 fees or "trailer fees," and redemption fees). Commissions are to be reported as income as earned at the time of the sale (i.e., on an accrual basis), but may be reported as income when payment is received if the results would not differ materially from those obtained using an accrual basis.
(2) Income from leasing arrangements with affiliated and unaffiliated entities who lease space in bank offices for use in selling mutual funds and annuities. Income from leasing arrangements are to be reported as income as earned (i.e., on an accrual basis), but may be reported as income when payment is received if the results would not differ materially from those obtained using an accrual basis.
(4) Fees for providing securities custody, transfer agent, and other operational and ancillary services to mutual funds and annuities that are sold on bank premises or are otherwise sold by the reporting entity, through a subsidiary, or by affiliated or unaffiliated entities from whom the entity receives income at the time of the sale or over the duration of the account.
In general, this income will have been included in the amount of "Other Fee Income (5407)". However, income from leasing arrangements, or the portion thereof, that is fixed in amount and does not vary based on sales volume may have been reported as a deduction from "Expenses of Premises and Fixed Assets (4217)". Thus, the income to be included in this item is to be reported gross rather than net of expenses incurred by the reporting entity or a consolidated subsidiary.
Excludes fees earned for providing securities custody, transfer agent, and other operational and ancillary services to third party mutual funds and annuities that are not sold on bank premises and are not otherwise sold by the reporting entity, through a subsidiary, or by affiliated or unaffiliated entities from whom the reporting entity receives income at the time of the sale or over the duration of the account.
Reported in Schedule HI for the FR Y-9C report.
Reported in the DB2 SURH01 table for "SURH".