Data Dictionary
Item Number K192
ASSETS COVERED BY LOSS-SHARING AGREEMENTS WITH THE FDIC: OTHER REAL ESTATE OWNED-PORTION OF COVERED OTHER REAL ESTATE OWNED THAT IS PROTECTED BY FDIC LOSS-SHARING AGREEMENTSCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| BHCKK192 | 2011-03-31 | 9999-12-31 | No | FR Y-9C |
| RCFDK192 | 2011-03-31 | 9999-12-31 | No | FFIEC 031 |
| RCONK192 | 2011-03-31 | 9999-12-31 | No | Multiple Forms |
| SVGLK192 | 2011-03-31 | 2011-12-31 | No | OTS 1313 |
Data Description:
Report the maximum amount recoverable from the FDIC under loss-sharing agreements covering the other real estate owned reported in Schedule RC-M, items 13.b.(1) through (5) on the FFIEC 041, and in Schedule RC-M, items 13.b.(1) through (6) on the FFIEC 031, beyond the amount that has already been reflected in the measurement of the reporting bank's indemnification asset, which represents the right to receive payments from the FDIC under the loss-sharing agreement.
In general, the maximum amount recoverable from the FDIC on covered other real estate owned is the carrying amount of the other real estate, as reported in the preceding Schedule RC-M items, multiplied by the currently applicable loss coverage rate (e.g., 80 percent or 95 percent). This product will normally be the maximum amount recoverable because reimbursements from the FDIC for covered losses related to the amount by which the "book value" of a covered asset on the failed institution's books (which is the amount upon which payments under an FDIC loss-sharing agreement are based) exceeds the amount at which the reporting bank reports the covered asset on Schedule RC, Balance Sheet, should already have been taken into account in measuring the carrying amount of the reporting bank's loss-sharing indemnification asset, which is reported in Schedule RC-F, item 6, "All other assets."
SVGLK192 = OTS Account SI795