Board of Governors of the Federal Reserve System

Data Dictionary

Item Number 8697

Call confidentiality applies to FFIEC 031/041.

Data Description:

Includes commitments to purchase and sell when-issued securities as forward contracts on a gross basis (except that banks may net purchases and sales of the identical security with the same party) unless the reporting bank does not include these commitments as part of its disclosures about off-balance sheet derivatives for other financial reporting purposes. In that case, commitments to purchase when-issued securities are reported as "Other off-balance sheet liabilities" in Schedule RC-L, item 12 (3430), and commitments to sell when-issued securities as "Other off-balance sheet assets" in Schedule RC-L, item 13 (5591), subject to the existing reporting thresholds for these two items.

Includes forward contracts committing the reporting entity to purchase or sell financial instruments and whose predominant risk characteristic is interest rate risk. Also includes firm commitments (i.e., commitments that have a specific interest rate, selling date, and dollar amount) to sell loans secured by 1-to-4 family residential properties.

Reported is the aggregate par value of forward contracts that have been entered into by the reporting entity and are outstanding (i.e., open contracts) as of the report date. The par value of financial instruments intended to be delivered under such contracts is not reported if this par value differs from the par value of the contracts themselves.

Contracts are outstanding (i.e., open) until they have been cancelled by acquisition or delivery of the underlying financial instruments or settled cash. Such contracts can only be terminated, other than by receipt of the underlying asset, by agreement of both buyer and seller.

Forward contracts represents agreements for delayed delivery of financial instruments or commodities in which the buyer agrees to purchase and the seller agrees to deliver, at a specified future date, a specified instrument or commodity at a specified price or yield. Forward contracts are not traded on organized exchanges and their contractual terms are not standardized. This item is an trillion dollar item defined as double precision on the archival file for the FFIEC 031 report.

NOTE:

Reported on Schedule RC-L - Off-Balance Sheet Items for the FFIEC 031, 032, 033 and 034 reports.

Reported on Schedule L for the FFIEC 002 report. Also excludes all transactions with related depository institutions.

Reported on Schedule HC-L for the FR Y-9C (BHCK) report.

Prior to 3/31/01, reported on Schedule HC-F, Part III, for the FR Y-9C report.

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

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: IRFORWD Formula:

IRFORWD=IF DT ge 19950331 THEN IRFORWD =RCFD8697/1000;