Board of Governors of the Federal Reserve System

Data Dictionary

Item Number 9072

Call confidentiality applies to FFIEC 031/041.

Data Description:

An indicator of the level of relationship between E1 and E2
1 = Direct relationship which identifies E1, the immediate holder (owner or controller), and E2, the entity that is owned or controlled.

2 = Indirect relationship which identifies a relationship where there is an intervening controlled or regulated company between E1, the indirect holder (not necessarily an immediate owner or controller), and E2. An indirect relationship identifies a relationship that ties the E2 to the overall regulated or controlled position of the U.S. Bank Holding Company or Foreign Banking Organization.

3 = 2G3 relationship. A 2G3 relationship describes the section of the BHCA (i.e.2(g)(3)) and indicates that control is continued when a bank holding company transfers shares to an individual or company that is indebted to the BHC, or when there are one or more officers, directors, trustees, or beneficiaries in common between E1 and E2. Section 2(g)(3) of the BHC Act was repealed by Section 2207 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996. The date of enactment is September 30, 1996. As a result, these relationships are no longer reportable.

4 = Debt Previously Contracted (DPC) relationship; not valid after August 31, 2001 with the exception of banks and bank holding companies held DPC.
This level of relationship identifies the fact that E1 acquired E2 under one of the following legal authorities and that E2 must be divested within a specified period of time. This identifies the portion acquired DPC and generally will not be concurrent with any other basis for a relationship between the same E1 and E2.

The legal authorities are:
Section 3, Exemption A(ii) of the BHC Act
Section 4(c)2 of the BHC Act
Section 211.5(e) of Regulation K