Data Dictionary
Item Number 9061
REASON FOR TERMINATION OF AN ENTITYCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| RSSD9061 | 1956-05-09 | 9999-12-31 | No |
Data Description:
A code for the circumstances under which an entity ceased to exist or an indicator that an entity failed but remained open. This field is to be used for head office entities only--not branches.
NON-FAILURE -- The entity terminated or ceased to exist without using FDIC, RTC, NCUA, state or other regulatory agency assistance.
0 = Not applicable or entity continues to exist. In the case of a merger, the entity continues to exist under the same ID_RSSD. This includes mergers where the head office becomes a branch and/or branches become branches of the survivor.
1 = Voluntary liquidation. No merger or failure has occurred. (No Transformations row should be present.)
2 = Closure. Closure, head office closes and does not continue following a merger. If head office closes, its branches, if any, may continue with a new head office. (Transformation row should be present.)
3 = Subsidiary is either inactive or no longer regulated by the Federal Reserve.
FAILURE
4 = Failure, entity continues to exist. Resolution was arranged by the FDIC, RTC, NCUA, State or other regulatory agency. (No Transformation row should be present.)
5 = Failure, entity ceases to exist. Resolution was arranged by the FDIC, RTC, NCUA, State or other regulatory agency. (A Transformation row may or may not be present.)