Data Dictionary
Item Number J825
ITEMS IN PROCESS OF COLLECTION: TRANSIT ITEMS - FEDERAL RESERVE BANKSCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| FRBSJ825 | 1989-12-31 | 9999-12-31 | Yes | FR 34 |
Data Description:
Consists of items, including but not limited to cash letters, return items, and automated clearing house files, deposited with the Federal Reserve for collection and, on the balance sheet date, have not yet been presented to the paying bank. The items are segregated on FR 34 according to the accounts described in the following paragraphs. Sufficient detail or subsidiary accounts should be maintained to identify the general nature of the transactions for float reporting purposes (see paragraph 11.40), including transportation delays and midweek/holiday closings.
Transit Items--Federal Reserve Banks (150-025)
Represents amounts due from other Federal Reserve Banks and Branches. The preliminary total will include transfers of funds, ACH activity, securities transfers, etc., for which payment is expected on the same day through the Interdistrict Settlement account. The balance reported on the FR 34 is after application of settlement credits and will, therefore, represent the total of items forwarded to and still in process of collection with other Districts, including cash letters, ACH activity, securities, and electronic transfers. Wire transfers received too late to credit depository institutions should be debited to this account and credited to Deferred credit items -- Other items in process (150-100).