Data Dictionary
Item Number 9065
TRANSFORMATION TYPE CODECall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| RSSD9065 | 1956-05-09 | 9999-12-31 | No |
Data Description:
A code describing an event involving a single entity or two (or more) entities that causes one of the entities to be transformed into one or more new head office entities, entirely cease to exist, have major changes to its balance sheet, or become an establishment type other than head office. A guiding principle is that an entity is defined by its associated collection of assets and liabilities. Any structure activity causing a transformation fitting the descriptor codes below should be entered in the Transformations Table (this includes branch sales). E1 and E2 are defined as their ID RSSD numbers in this description. If more than one E1 or E2 is involved, apply the analysis to each E1/E2 pair.
1 = Charter Discontinued (Merger or Purchase & Assumption)
E1 transfers its assets to one or more E2s. E1 ceases to exist as a head office. One charter has been discontinued, or will be discontinued in the near future. E1 has not failed; government assistance is not involved.
5 = Split
E1 transfers between 40 and 94 percent of its assets to one or more newly formed E2s. E1 and E2 continue to exist. E1 has not failed; government assistance is not involved.
7 = Sale of Assets
E1 transfers between 40 and 94 percent of its assets to one or more existing E2s. E1 and E2 continue to exist. E1 has not failed; government assistance is not involved.
9 = Charter Retained (Merger or Purchase & Assumption)
E1 transfers 95 percent or more of its assets to one or more E2s. The charter that had been associated with E1 continues to exist and a new ID_RSSD is assigned to it. E1 has not failed; government assistance is not involved.
50 = Failure: Government Assistance Provided
E1 fails and ceases to exist. Disposition was arranged by the FDIC, RTC, NCUA, or other regulatory agency. Assets may be distributed to other entities as well as the regulatory agency.
Note: The Resolution Trust Corporation (RTC) was formed by Congress in 1989 to respond to S&L insolvencies. In 1995 its duties were transferred to the Savings Association Insurance Fund.