Board of Governors of the Federal Reserve System

Data Dictionary

Item Number 8701

Call confidentiality applies to FFIEC 031/041.

Data Description:

For exchange-traded option contracts obligating the reporting entity to either purchase or sell an interest rate futures contract and whose predominant risk characteristic is interest rate risk, the par value of the financial instrument underlying the futures contract is reported. An example of such a contract is a Chicago Board Options Exchange option on the 13-week Treasury bill rate.

Exchange-traded option contracts. Option contracts convey either the right or the obligation, depending upon whether the reporting entity is the purchaser or the writer, respectively, to buy or sell a financial instrument or commodity at a specified price by a specified future date. Some options are traded on organized exchanges.

The buyer of an option contract has, for compensation (such as a fee or premium), acquired the right (or option) to sell to, or purchase from, another party some financial instrument or commodity at a stated price on a specified future date. The seller of the contract has, for such compensation, become obligated to purchase or sell the financial instrument or commodity at the option of the buyer of the contract. A put option contract obligates the seller of the contract to purchase some financial instrument or commodity at the option of the buyer of the contract. A call option contract obligates the seller of the contract to sell some financial instrument or commodity at the option of the buyer of the contract.

Written options. Reported is the aggregate par value of the financial instruments or commodities that the reporting bank has, for compensation (such as a fee or premium), obligated itself to either purchase or sell under exchange-traded option contracts that are outstanding as of the report date.

NOTE:

Reported on Schedule RC-L 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-INTRTEWRTET

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: IRWOPTX Formula:

IRWOPTX=IF DT ge 19950331 THEN IRWOPTX =RCFD8701/1000;