Board of Governors of the Federal Reserve System

Data Dictionary

Item Number J853

Call confidentiality applies to FFIEC 031/041.

Data Description:

This account represents miscellaneous debit items that are temporarily held in abeyance pending disposition. In the case of differences, the suspense account contains amounts whose disposition has yet to be decided and which the Bank has reason to believe are collectable or payable. The suspense account is used to record other items about which there are questions or which for other reasons are being held pending functioning to the appropriate account. Examples are (1) savings bond redemptions that are received too late for a charge to the Treasury's account, (2) expense items that arrive
too late in the day to be vouchered or that are being held for additional information, (3) other transactions that require additional information or verification before the charge can be made to the proper account, and (4) checks cashed for employees that have been returned due to non-sufficient funds, etc. The only check-related items to be held in this account are Treasury check truncation adjustment items, and other government related adjustment items, where an unlocated difference arises between a Reserve Bank and the Treasury, or another government agency, and a depository institution has been credited pending resolution of the difference. Treasury check truncation adjustment items where an unlocated difference occurs between a depository institution and a Reserve Bank that is float related should be held in the adjustments, net account under items in process of collection or deferred credit items as appropriate. Items that cannot be resolved should be cleared from this account by a credit and offset by a Difference account debit or may be debited directly to current expense.