Data Dictionary
Item Number K661
CUSTODIAL BANK DEDUCTION LIMITCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| RCFDK661 | 2011-06-30 | 9999-12-31 | No | FFIEC 031 |
| RCONK661 | 2011-06-30 | 9999-12-31 | No | FFIEC 041 |
| RCONK661 | 2011-06-30 | 9999-12-31 | No | FFIEC 051 |
| SVGLK661 | 2011-06-30 | 2011-12-31 | No | OTS 1313 |
Data Description:
An institution that meets the definition of a custodial bank is eligible to have certain assets deducted from its assessment base, subject to a limit. Report in this item the custodial bank deduction limit, which equals the average amount of the institution's transaction account deposit liabilities identified by the institution as being directly linked to a fiduciary, custodial, or safekeeping account.
For deposits in domestic offices, "transaction account" is defined in Federal Reserve Regulation D and in the Glossary entry for "deposits." In general, a transaction account is a deposit or account from which the depositor or account holder is permitted to make transfers or withdrawals by negotiable or transferable instruments, payment orders of withdrawal, telephone transfers, or other similar devices for the purpose of making payments or transfers to third persons or others or from which the depositor may make third party payments at an automated teller machine, a remote service unit, or another electronic device, including by debit card. For purposes of reporting the custodial bank deduction limit in this item, a custodial bank with deposits in foreign offices should include foreign office deposit liabilities with the characteristics of a transaction account that are linked to a fiduciary, custody, or safekeeping account.
This average should be calculated on a daily or weekly basis consistent with the custodial bank's calculation of its average consolidated total assets in Schedule RC-O, item 4 (and as reported in Schedule RC-O, item 4.a).