Board of Governors of the Federal Reserve System

Data Dictionary

Item Number 8765

Call confidentiality applies to FFIEC 031/041.

Data Description:

Includes the gross amount (stated in U.S. dollars) of all spot contracts committing the reporting entity to purchase foreign (non-U.S.) currencies and U.S. dollar exchange that are outstanding as of the report date. All transactions within the consolidated entity are reported on a net basis. A spot contract is an agreement for the immediate delivery, usually within two business days, of a foreign currency at the prevailing cash market rate. Spot contracts are considered outstanding (i.e., open) until they have been cancelled by acquisition or delivery of the underlying currencies. Only one side of a spot foreign exchange contract is reported. In those transactions where foreign (non-U.S.) currencies are bought or sold against U.S. dollars, only that side of the transaction that involves the foreign (non-U.S.) currency is reported. For example, if the reporting entity enters into a spot contract which obligates the entity to purchase U.S. dollar exchange against which it sells deutsche marks, then the entity would report (in U.S. dollar equivalent values) the amount of deutsche marks sold in this item. In cross-currency spot foreign exchange transactions, which involves the purchase and sale of two non-U.S. currencies, only the purchase side is reported (in U.S. dollar equivalent values). This item is an trillion dollar item defined as double precision on the archival file for the FFIEC 031 report. NOTE: Reported in Schedule RC-L for the FFIEC 031, 032, 033 and 034 reports. Reported in Schedule L for the FFIEC 002 report. Also excludes all transactions with related depository institutions. Reported in Schedule HC-F for the FR Y-9C report. For the UBPR series, the FDIC's Data Element name is H-SPOTFGNEX 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: FXSPOT Formula: FXSPOT=IF DT ge 19950331 THEN FXSPOT =RCFD8765/1000;