Data Dictionary
Item Number K659
CUSTODIAL BANK CERTIFICATION: DOES THE REPORTING INSTITUTION MEET THE DEFINITION OF A CUSTODIAL BANK SET FORTH IN FDIC REGULATIONS?Call confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| RCFDK659 | 2011-06-30 | 9999-12-31 | No | FFIEC 031 |
| RCONK659 | 2011-06-30 | 9999-12-31 | No | FFIEC 041 |
| RCONK659 | 2011-06-30 | 9999-12-31 | No | FFIEC 051 |
| SVGLK659 | 2011-06-30 | 2011-12-31 | No | OTS 1313 |
Data Description:
If the reporting institution meets the custodial bank definition, it should answer "Yes" to item 11 and complete items 11.a and 11.b. If the reporting institution does not meet the custodial bank definition, it should answer "No" to item 11 and it should not complete items 11.a and 11.b.
A custodial bank, as defined in Section 327.5(c)(1) of the FDIC's regulations, is an insured depository institution that had:
(1) "Fiduciary and custody and safekeeping assets" (the sum of item 10, columns A and B, plus item 11, column B, in Schedule RC-T - Fiduciary and Related Services) of $50 billion or more as of the end of the previous calendar year, or
(2) Income from fiduciary activities (Schedule RI, item 5.a) that was 50 percent or more of its total revenue (interest income plus noninterest income, which is the sum of items 1.h and 5.m of Schedule RI) during the previous calendar year.