Data Dictionary
Item Number B993
FEDERAL FUNDS PURCHASED IN DOMESTIC OFFICESCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| BAGRB993 | 2002-03-31 | 9999-12-31 | No | |
| BHCKB993 | 2002-03-31 | 9999-12-31 | No | FR Y-9C |
| BHDMB993 | 2002-03-31 | 9999-12-31 | No | FR Y-9C |
| RCFDB993 | 2003-03-31 | 9999-12-31 | No | FFIEC 002 |
| RCFNB993 | 2003-03-31 | 9999-12-31 | Yes | FFIEC 002 |
| RCONB993 | 2002-03-31 | 2002-12-31 | No | Multiple Forms |
| RCONB993 | 2003-03-31 | 9999-12-31 | No | Multiple Forms |
| UBPRB993 | 2002-03-31 | 9999-12-31 | No |
Data Description:
Report the outstanding amount of federal funds purchased, i.e., immediately available funds borrowed (in domestic offices) under agreements or contracts that have an original maturity of one business day or roll over under a continuing contract, excluding such funds borrowed in the form of securities sold under agreements to repurchase (which should be reported in Schedule RC, item 14.b) and Federal Home Loan Bank advances (which should be reported in Schedule RC, item 16). Transactions that are to be reported as federal funds purchased may be secured or unsecured or may involve an agreement to repurchase loans or other instruments that are not securities.
Immediately available funds are funds that the purchasing bank can either use or dispose of on the same business day that the transaction giving rise to the receipt or disposal of the funds is executed. A continuing contract, regardless of the terminology used, is an agreement that remains in effect for more than one business day, but has no specified maturity and does not require advance notice of the lender or the borrower to terminate.
Report federal funds purchased on a gross basis; i.e., do not net them against federal funds sold except to the extent permitted under FASB Interpretation No. 39.
Also exclude from federal funds purchased:
(1) Purchases of so-called "term federal funds" (as defined in the Glossary entry for "federal funds transactions") (report in Schedule RC, item 16, "Other borrowed money").
(2) Security repurchase agreements that have an original maturity of one business day or roll over under a continuing contract, if the agreement requires the bank to repurchase the identical security sold or a security that meets the definition of substantially the same in the case of a dollar roll (report in Schedule RC, item 14.b, "Securities sold under agreements to repurchase").
(3) Borrowings from a Federal Home Loan Bank or a Federal Reserve Bank (report those in the form of securities repurchase agreements in Schedule RC, item 14.b, and all other borrowings in Schedule RC, item 16).
(4) Borrowing transactions in foreign offices involving immediately available funds with an original maturity of one business day or under a continuing contract that are not securities repurchase agreements (report in Schedule RC, item 16).
COMPARABILITY:
Reported as a derived item on Schedule RAL for the FFIEC 002 report which includes RCFDC420 plus RCFDC421 = RCFDB993; RCFNC420 plus RCFNC421 = RCFNB993 also RCFDB993(D) minus RCFNB993(D).
NOTE:
Reported on Schedule HC for the FR Y-9C (BHCK) report.
Reported on Schedule RC for the FFIEC 031 and 041 reports.
For the UBPR series, the FDIC's Data Element name is H-FFPDOMO
This variable is used by the FDIC and OCC in the process to generate the UBPR in the Central Data Repository (CDR). The Board does NOT store this MDRM within the UBPR series tables in the Board's Financial Data Repository (FDR).
BAGR Original Variable name: FFUNDS_D Formula:
FFUNDS_D=IF DT ge 20020331 THEN FFUND_D= RCONB993/1000;