Board of Governors of the Federal Reserve System

Data Dictionary

Item Number B434

Call confidentiality applies to FFIEC 031/041.

Data Description:

The term "money differences," shall include all respective accounts containing ledger debits or credits representing unidentified or unknown items, with no related security positions or which contain security positions that cannot be promptly resolved. This category could include, but not be limited to, the following:

(a) Unallocated receipts or disbursements.

(b) Cash Dividend Balancing Accounts (out-of-balance proofs).

(c) Money Balancing Accounts (EDP, Cage, P&S, Accounting and others). Adjustments of General Ledger control accounts to agree to subsidiary records.

(d) Unresolved money differences as a result of comparison of detail in bank accounts to bank statements.

(e) Unresolved Money Differences resulting from the comparison of detail records to control accounts for customer accounts, fail to receive, fail to deliver, stocks borrowed, stocks loaned, bank loans, etc.

(f) Any accounts utilized to balance "daily work" which contain debits or credits requiring resolution. If any such accounts exist, the ledger balance resulting from one days "out of balance" shall be netted against another days work unless it is related to such "out of balance."

For reporting purposes, debit and credit money differences shall not be netted.

Ledger debits shall be considered non-allowable asset in the computation of Net Capital and ledger credits shall be included in Aggregate Indebtedness.

Any unresolved differences, as of the date of this report, between general ledger control accounts, balancing of blotters, etc., shall be included in these accounts. Any debit balance for which resolution is considered unlikely shall be written off to profit and loss, or an adequate reserve shall otherwise be provided.

NOTE:

Reported on the Focus Report.