Data Dictionary
Item Number G217
QUALIFYING SUBORDINATED DEBT, REDEEMABLE PREFERRED STOCK, AND RESTRICTED CORE CAPITAL ELEMENTS NOT INCLUDIBLE IN ITEMS 6.B OR 6.CCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| BHCKG217 | 2009-03-31 | 2014-12-31 | No | FR Y-9C |
| CASKG217 | 2013-09-30 | 2015-12-31 | Yes | FR Y-14A |
| CBPKG217 | 2015-12-31 | 2015-12-31 | Yes | FR Y-14A |
| CPSKG217 | 2013-09-30 | 2015-12-31 | Yes | FR Y-14A |
Data Description:
Report the portion of the bank holding company's qualifying limited-life capital instruments (including restricted core capital elements) that is excluded from Tier 1 capital but is includible in Tier 2 capital as determined in step 2 of the section, 'Reporting of Qualifying Restricted Core Capital Elements,' described above. This amount is the sum of:
(1) the portion of qualifying subordinated debt and intermediate-term preferred stock includible in Tier 2 capital,
(2) the portion of qualifying restricted core capital elements, comprised of qualifying trust preferred securities (i.e., the sum of (1) subordinated notes payable to unconsolidated trusts issuing trust preferred securities net
of the bank holding company's investment in the trust and (2) trust preferred securities issued by consolidated special purpose entities, and Class C noncontrolling (minority) interests) includible in Tier 2 capital, and
(3) the portion of qualifying other limited-life capital instruments includible in Tier 2 capital.
In the case of trust preferred securities issued through a nonconsolidated trust, in the last five years before the maturity of the junior subordinated notes held by the trust, the outstanding amount of the associated trust preferred securities is excluded from Tier 1 capital and included in Tier 2 capital. Upon inclusion in Tier 1 capital, the trust preferred securities are subject to certain amortization provisions and quantitative restrictions, applicable to limited-life capital instruments (e.g., limited-life preferred stock and subordinated debt). As a limited-life capital instrument approaches maturity, it begins to take on characteristics of a short-term obligation. For this reason, the outstanding amount of term subordinated debt and limited-life preferred stock eligible for inclusion in Tier 2 capital is reduced, or discounted, as these instruments approach maturity: one-fifth of the outstanding amount is excluded each year during the instrument's last five years before maturity. When remaining maturity is less than one year, the instrument is excluded from tier 2 capital.
The aggregate amount of qualifying trust preferred securities and Class C minority interest in excess of the amounts includable in Tier 1 capital as determined in step 2 of the section 'Reporting of Qualifying Restricted and Core Capital Elements' described above, are reported on this line and are fully includible in tier 2 capital until March 31, 2011. Prior to March 31, 2011, only the aggregate amount of qualifying subordinated debt and redeemable preferred stock exceeding 50 percent of Tier 1 capital is excluded from Tier 2 capital.
For limited-life capital instruments with serial maturities or with sinking fund provisions, the amount associated with each maturity date is to be treated as a separate issue and discounted on an individual basis. If the holder of
the reporting bank holding company's subordinated debt or intermediate-term or long-term preferred stock has the right to require the bank holding company to redeem, repay, or repurchase the instrument prior to the original
stated maturity, then maturity would be defined as the earliest possible date on which the holder can put the instrument back to the issuing bank holding company.
Qualifying term subordinated debt and intermediate-term preferred stock (including any related surplus) must have an original weighted average maturity of at least five years. Intermediate-term preferred stock includes those issues of preferred stock with an original maturity of less than 20 years. Mandatory convertible debt, i.e., equity contract notes, is not considered a limited-life capital instrument for risk-based capital purposes and should be excluded from this item.
The portion of qualifying term subordinated debt and intermediate-term preferred stock that remains after discounting and is includible in Tier 2 capital is limited to 50 percent of Tier 1 capital.