Board of Governors of the Federal Reserve System

The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.

Micro Data Reference Manual

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Data Dictionary

Item Number B240

OTHER (DEDUCTIONS) OR ALLOWABLE CREDITS (LIST)

Call confidentiality applies to FFIEC 031/041.

Series	Start Date	End Date	Confidential?	Reporting Forms
SECFB240	2000-03-31	9999-12-31	Yes	SEC 1695/1696

Data Description:

Sole proprietors (individual members) who are not associated with a broker or dealer who is a member of a national security exchange shall record here:

1. The total of any liabilities incurred in the course of business which are not reported in the statement of financial condition and which would have a material effect on net capital.

2. The excess of liabilities which have not been incurred in the course of business as a broker dealer over assets not in the busines.

NOTE:

Reported on the Focus Report.

Last update: May 08, 2024