Board of Governors of the Federal Reserve System

Data Dictionary

Item Number A484

Call confidentiality applies to FFIEC 031/041.

Data Description:

Allocated indirect expenses are those charged to the trust function from other departments of the institution as reflected in the institution's internal management accounting system. Includes any allocation for the trust function's proportionate share of corporate expenses that cannot be directly charged to particular departments or a reasonable alternate method to estimate indirect expenses.

Indirect expenses includes audit and examination fees marketing, charitable contributions, customer parking, holding company overhead, and, in many cases, functions such as personnel, corporate planning, and corporate financial staff. Other indirect expenses includes the trust function's proportionate share of building rent or depreciation, utilities, real estate taxes, and insurance.

If no direct expense is shown for occupancy in item A483 and the institution's internal accounting system does not provide an allocated amount, an allocated occupancy expense based on proportionate floor space used by the trust function or some other reasonable alternate method should be reported in this item.

NOTE:

Reported on the DB2 table on Schedule E for the FFIEC 001 report.

Reported by financial institutions with more than $100 million in total trust assets as reported on Schedule A item A458. In addition, all non-deposit trust companies, whether or not they report any assets on Schedule A, must also report Schedule E. Institutions which are not required to report Schedule E should do so on a voluntary basis.

Also reported as confidential.