Data Dictionary
Item Number J161
LESS: GAIN-ON-SALE ASSOCIATED WITH SECURITIZATION EXPOSURESCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| AAABJ161 | 2008-03-31 | 2013-12-31 | Yes | FFIEC 101 |
| AAABJ161 | 2014-03-31 | 9999-12-31 | No | FFIEC 101 |
| AAATJ161 | 2008-03-31 | 2010-12-31 | Yes | FFIEC 101 |
| CASEJ161 | 2013-09-30 | 2014-03-31 | Yes | FR Y-14A |
| CPSEJ161 | 2013-09-30 | 2014-03-31 | Yes | FR Y-14A |
Data Description:
AAAB:
Report gain-on-sale associated with securitization exposures.
AAAT:
A thrift must deduct from tier 1 capital any increase in the thrift's equity capital at the inception of a securitization transaction (gain-on-sale), other than an increase in equity capital that results from the thrift's receipt of cash in connection with the securitization. Under SFAS No. 140, an institution initially measures and records assets retained in connection with a sale or securitization, based on relative fair values. That is, the institution allocates the previous carrying amount between the sold assets and the retained interests based on their relative fair values. The reported gain is the difference between the net proceeds from the sale and the allocated carrying value of the assets sold. This methodology is often called "gain-on-sale" accounting. For example, a thrift would deduct a gain attributable to a credit-enhancing interest-only strip (CEIO) that results from FAS 140 accounting treatment for the sale of underlying exposures to a securitization special purpose entity (SPE). A thrift must deduct these interests in securitizations from Tier 1 to the extent they represent gain-on-sale. A thrift must deduct any remaining CEIOs 50 percent from tier 1 capital and 50 percent from tier 2 capital. Any remaining CEIOs (that do not represent gain-on-sale) should be deducted from tier 1 capital in item 8 below, and any remaining Tier 2 deductions should be reported in item 22 below.