Annual Report of Total Deposits and Reservable Liabilities (Commercial banks and state)

Instructions for Preparation of the Annual Report of Deposits
and Reservable Liabilities (FR 2910a)
Public reporting burden for this collection of information is estimated to vary
from 0.75 to 1.00 hours per response, depending on the type of depository
institution including the time to gather and maintain data in the required form
and to review instructions and complete the information collection. Send
comments regarding this burden estimate or any other aspect of this collection
of information, including suggestions for reducing this burden, to Secretary,
Board of Governors of the Federal Reserve System, 20th and C Streets, N.W.,
Washington, D.C. 20551; and to the Office of Management and Budget,
Paperwork Reduction Project (7100-0175), Washington, D.C. 20503.

These instructions are organized into four sections: Section A
presents general instructions; Section B presents definitions of
terms that are applicable to the report as a whole; Section C
presents detailed definitions and the classification of deposits;
and Section D presents instructions for the items on the report.
In addition, a separate worksheet is provided to assist you in
calculating the items to be reported.
A. GENERAL INSTRUCTIONS
Who Must Report. This report is required from each of the
following types of depository institutions with net transaction
accounts less than or equal to $7.8 million (the “exemption
amount”), and with total deposits greater than $7.8 million,
and with total transaction accounts, savings deposits, and
small time deposits less than $1.120 billion (the “reduced
reporting limit”):1
1.

Federally-insured commercial or industrial banks (or any
bank that is eligible to apply for FDIC insurance).

2.

Mutual or stock savings banks.

3.

Building, savings and loan, or homestead associations and
cooperative banks that are insured depository institutions
or are eligible to apply to become insured under the
Federal Deposit Insurance Act.

1. The exemption amount is the amount of a depository
institution’s total reservable liabilities that is subject to a zeropercent reserve requirement. The reduced reporting limit is the
amount of total transaction accounts, savings deposits, and small
time deposits, if equaled or exceeded at a depository institution,
whereby the institution must report the FR 2900 weekly, regardless
of the level of its net transaction accounts. The Federal Reserve
determines the exemption amount and the reduced reporting limit on
the basis of June 30 data each year, to be effective the following
year. For 2006, the exemption amount is $7.8 million, and the
reduced reporting limit is $1.120 billion.
The specific procedures and periods used by the Federal Reserve
to determine the reporting panel for the FR 2910a, as well as for other
deposit reports, are described in the Supplementary Information to
Federal Reserve Regulation D-Reserve Requirements of Depository
Institutions and in the chapter titled “Reporting Requirements” of the
Reserve Maintenance Manual issued by the Federal Reserve
(available upon request from your local Federal Reserve Bank and at
http://www.frbservices.org/Accounting/pdf/rmm.pdf).

4.

Credit unions that are insured by the NCUA Board (or any
credit union that is eligible to apply for such insurance).

In addition, depository institutions for which no data are
available, and therefore whose deposit size is unknown, are
required to submit a special filing of the FR 2910a for
determination of their appropriate deposits reporting category.
Frequency of Report. The report shall be submitted once
each year, as of June 30th.
How to Report. The report shall reflect amounts outstanding
as of the close of business on June 30. If the institution was
closed that day, the closing balances of the preceding business
day should be reported. Amounts reported should be rounded
to the nearest thousand U.S. dollars.
Respondents shall prepare and file a report that consolidates
the head office and all branches (and operations subsidiaries
and service corporations, if applicable) located in the 50 states
of the United States, the District of Columbia, or on U.S.
military facilities, wherever located.
Negative or overdrawn balances in any account should be
regarded as zero when computing deposits totals. Overdrawn
deposit accounts of customers should be regarded as loans
made by the reporting institution and should not be reported as
negative deposits.
NOTE: When calculating Item 2, Reservable Liabilities, and
Item 2.a, Net Transaction Accounts, your result could be
negative. Please indicate a negative result with a minus sign
or parentheses around the negative amount. (For more
information on how to calculate Reservable Liabilities and Net
Transaction Accounts, see the FR 2910a Worksheet.)
Foreign (non-U.S.) Currency-denominated Transactions.
Transactions denominated in non-U.S. currency must be valued
in U.S. dollars by using the exchange rate prevailing on the
report date.
The exchange rates to be used for this conversion are either the
10:00 a.m. rates quoted for major currencies by the Federal
Reserve Bank of New York, or the noon buying rates certified
by the Federal Reserve Bank of New York for customs
purposes, or some other consistent series of exchange rate
quotations. (If deposits are issued in European Currency Unit
(ECU) or some other currency basket, consistent series of
exchange rate quotations either for the basket unit or for the
corresponding individual exchange rates may be used.)
NOTE: Foreign currency-denominated deposits held at U.S.
offices of a depository institution must be converted to U.S.
dollars under the procedures stipulated above and included as
appropriate in Items 1, 2, and 2.a of the FR 2910a.
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B. GENERAL DEFINITIONS
Deposits. The term “deposits” has a special meaning in
Regulation D and in this report. Consequently, the deposit
balances on this report may differ from amounts in
corresponding lines reported on your quarterly condition report
or on other reports. For purposes of this report, deposits
include funds received by the depository institution for which
credit has been or is obligated to be given to a transaction
account, savings deposit account, or time deposit account
maintained by the institution and, in addition, certain other
liabilities of the institution. Such other liabilities arise from
“primary obligations” that are issued or undertaken by the
depository institution as a means of obtaining funds, and
consist of the following obligations:
1.

Promissory notes (including commercial paper, credit
union certificates of indebtedness, and mortgage-backed
bonds), acknowledgements of advance, bankers
acceptances, and other similar obligations that are issued
to “nonexempt entities” (as defined below).

2.

Purchases of federal funds from “nonexempt entities.”

3.

Repurchase agreements entered into with “nonexempt
entities” on any asset other than either (a) obligations of,
or fully guaranteed as to principal and interest by, the U.S.
government or a federal agency, or (b) the shares of a
money market mutual fund whose portfolio consists
wholly of obligations of, or obligations fully guaranteed as
to principal and interest by, the U.S. government or a
federal agency.

4.

Due bills, regardless of to whom issued, that have not been
collateralized by a similar security within three business
days from the date of issuance.

5.

Proceeds from outstanding sales to “nonexempt entities”
of short-term loans made under long-term lending
commitments (sometimes referred to as “loan strips”).

6.

Funds raised through the issuance and sale of mortgage
securities (backed by a pool of conventional, nonfederallyinsured mortgages) to “nonexempt entities” if the
originating reporting institution is obligated to incur more
than the first 10 percent of any loss associated with that
pool of mortgages.2

Except for due bills described above, primary obligations
undertaken with “exempt entities” (as defined below) are not
deposits under Regulation D. Note, however, that those
liabilities which your institution books as deposits (or shares)
are always deposits, regardless of the status of the depositor.

2. This treatment, however, does not apply to normal mortgage loan
participation transactions where the buyer and seller of a participation
in a mortgage loan or pool of mortgages share all the risk of loss on a
pro rata basis. In such instances, any funds raised through the sale of
such participations are not considered “primary obligations.”

For purposes of this report, exclude the following obligations
from deposits and primary obligations:
1.

Treasury Tax and Loan Account Note Balances (but not
Treasury Tax and Loan Demand Deposits).

2.

Subordinated notes and debentures with a weighted
average maturity of five years or longer and with the
permission of the appropriate regulatory authority.
Repurchase agreements involving obligations of, or
obligations fully guaranteed as to principal and interest by,
the U.S. government or a federal agency, regardless of
whether transacted with “exempt entities” or “nonexempt
entities.”

3.

4.

Repurchase agreements involving the shares of a money
market mutual fund whose portfolio consists wholly of
obligations of, or obligations fully guaranteed as to
principal and interest by, the U.S. government or a federal
agency, regardless of whether transacted with “exempt
entities” or “nonexempt entities.”

5.

Borrowings from a Federal Reserve Bank or a Federal
Home Loan Bank.

6.

Borrowings from the National Credit Union
Administration (NCUA) Central Liquidity Facility or the
National Credit Union Share Insurance Fund, or shares
held by the NCUA or the NCUA Central Liquidity Facility
under a statutorily authorized assistance program.

7.

Trust funds (including escrow funds held in the reporting
institution's own trust department as part of the trust
department's fiduciary activities) received or held by the
reporting institution that it keeps properly segregated as
trust funds and apart from its general assets, or which it
deposits in another institution to the credit of itself as
trustee or other fiduciary.

Other Reservable Obligations. In addition to the deposits
and primary obligations described in these instructions,
obligations that are reservable under Regulation D also include
funds obtained by a depository institution through the
following means:
1.

The use of ineligible acceptances (including finance bills).

2.

Issuance of certain obligations by nondepository affiliates.

3.

Borrowings from sources outside the United States.

4.

Certain positions with the respondent's foreign branches
and its International Banking Facility (IBF). These
instructions do not address the treatment of these
obligations.

If your institution has obtained funds in one or more of these
ways, please check the box that appears on the front of the
FR 2910a reporting form; you will be contacted by your
Federal Reserve Bank for additional information.
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Exempt/Nonexempt Entities. Please note that the terms
“exempt entities” and “nonexempt entities” used in these
instructions apply to the classification of “primary obligations”
as described earlier and do not apply to the reporting status of
your institution or to the exemption of a depository institution
from federal reserve requirements. The term “exempt entities”
that is used in these instructions with respect to “primary
obligations” refers to U.S. offices of the following institutions:
1.

U.S. commercial banks and trust companies and their
operations subsidiaries.

2.

U.S. branches or agencies of a bank organized under
foreign (non-U.S.) law.

3.

Edge and Agreement corporations.

4.

Mutual and stock savings banks.

5.

Building, savings and loan, and homestead associations.

6.

Cooperative banks.

7.

Industrial banks.

8.

Credit unions (including corporate central credit unions).

9.

The U.S. government and its agencies and
instrumentalities, such as the Federal Reserve Banks,
Office of Thrift Supervision, Federal Home Loan Banks,
Federal Intermediate Credit Banks, Federal Land Banks,
Banks for Cooperatives, Federal Home Loan Mortgage
Corporation, Federal Deposit Insurance Corporation,
Federal National Mortgage Association, Federal Financing
Bank, Student Loan Marketing Association, National
Credit Union Share Insurance Fund, and NCUA Central
Liquidity Facility.

10. Export-Import Bank of the U.S.
11. Government Development Bank of Puerto Rico.
12. Minbanc Capital Corporation.
13. Securities dealers, but only when the borrowing has a
maturity of one day, is in immediately available funds, and
is in connection with the clearance of securities.
14. The U.S. Treasury (Treasury Tax and Loan Account Note
Balances).
15. New York State investment companies (chartered under
Article XII of the New York State Banking Code) that
perform a banking business and are majority-owned by
one or more non-U.S. banks.
16. An investment company or trust whose entire beneficial
interest is held exclusively by one or more depository
institutions.

The term “nonexempt entities” refers to any institution other
than those listed above under “exempt entities.” “Nonexempt
entities” include, but are not limited to, individuals,
partnerships, and corporations; state and local governments;
and brokers and nonbank dealers in securities other than those
described in item 13 of the definition of “exempt entities.”
Month. The instructions in Section C address the number of
withdrawals or transfers that are permitted each “month” from
certain types of deposit accounts. When used in this context,
the term “month” is defined as a calendar month or statement
cycle (or similar period) of at least four weeks.
U.S./Non-U.S. For purposes of this report, the term “United
States” (or “U.S.”) is defined as the 50 states of the United
States, the District of Columbia, and U.S. military facilities,
wherever located. The terms “non-U.S.” and “foreign” are
defined as Puerto Rico, territories and possessions of the
United States, and all countries other than the United States,
but excludes U.S. military facilities, wherever located.
C. CLASSIFICATION OF DEPOSITS
For purposes of this report, all “deposits” (including “primary
obligations” described above) are classified as transaction
accounts, savings deposits, or time deposits as defined below.
1. Transaction Accounts. With exceptions noted below,
transaction accounts are defined as deposits or accounts 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 ATM or a RSU, or other
electronic device, including by debit card.
NOTE: Excluded from transaction accounts are savings
deposits (including MMDAs), as defined below, even though
such deposits permit some third-party transfers. However, as
noted in the definition of savings deposits, any account that
otherwise meets the definition of a savings deposit but that
authorizes or permits the depositor to exceed the withdrawal or
transfer limitations for that account shall be regarded as a
transaction account.
Transaction accounts consist of the following types of deposits,
as defined below:
A.
B.
C.
D.
E.

Demand deposits.
NOW accounts.
Share draft accounts.
ATS accounts.
Telephone and preauthorized transfer accounts.

Also included in transaction accounts is interest (or dividends)
paid by crediting transaction accounts.

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A. Demand deposits are deposits that are payable
immediately on demand, or that are issued with an original
maturity or required notice period of less than seven days,
or that represent funds for which the depository institution
does not reserve the right to require at least seven days'
written notice of an intended withdrawal.

4.

Funds received or held in connection with letters of
credit sold to customers.

5.

Unposted credits to demand deposits.

6.

Taxes, insurance premiums or other funds withheld
from the salaries of employees of the reporting
institution.

7.

Funds received or held in escrow or trust accounts that
may be withdrawn on demand or within six days from
the date of deposit.

8.

Matured time deposits or matured credit union share
certificates (unless the deposit agreement specifically
provides for automatic renewal at maturity or for
transfer of the funds to a savings or share account).

9.

Credit balances that meet the definition of demand
deposits.

For purposes of this report, demand deposits include the
accounts listed below:
1.

2.

Checking accounts, noninterest bearing negotiable
orders of withdrawal (NINOW) accounts, and
payment order of withdrawal (POW) accounts.
Demand deposits do not include NOW accounts,
share draft accounts, ATS accounts, or MMDAs.
Cashier's checks, certified checks, money orders, and
other officer's checks issued for any purpose including
those issued in payment for services, dividends, or
purchases that are drawn on the reporting bank by any
of its duly authorized officers and that are outstanding
on the report date. This includes:
a.

Those drawn by the reporting institution on itself
and not payable at or through another depository
institution.

b.

Those drawn by the reporting institution and
drawn on, or payable at or through, another
depository institution on a zero-balance account
or an account that is not routinely maintained
with sufficient balances to cover checks drawn in
the normal course of business (including accounts
where funds are remitted by the reporting
institution only when it has been advised that the
checks or drafts have been presented).
NOTE: Those checks drawn by the reporting
institution on a deposit account at another
depository institution which the reporting
institution routinely maintains with sufficient
balances to cover checks or drafts drawn in the
normal course of business should be recorded
directly as a reduction in demand balances due
from depository institutions in the United States.

c.

3.

Those checks drawn by the reporting institution
on, or payable at or through, a Federal Reserve
Bank or a Federal Home Loan Bank.

Funds received or held in connection with traveler's
checks and money orders sold (but not drawn) by the
reporting bank, until the proceeds of the sale are
remitted to another party. This also includes other
funds received or held in connection with any other
checks used (but not drawn) by the reporting bank,
until the amount of the checks is remitted to another
party.

10. Treasury Tax and Loan Demand Deposits (but not
Treasury Tax and Loan Note Balances), as well as
demand deposits of U.S. government agencies and
instrumentalities and of state and local governments.
Demand deposits also include liabilities referred to as
“primary obligations” that are described earlier in Section
B under the definition of “deposits,” and that are issued in
original maturities of less than seven days or payable with
less than seven days' notice.
B. NOW accounts are interest-bearing deposits (1) on which
the depository institution has reserved the right to require
at least seven days' written notice prior to withdrawal or
transfer of any funds in the account and (2) that can be
withdrawn or transferred to third parties by issuance of a
negotiable or transferable instrument. NOW accounts are
authorized by federal law and are limited to accounts in
which the entire beneficial interest is held by individuals,
sole proprietorships, certain nonprofit organizations, and
all governmental units in the United States, Puerto Rico,
and U.S. territories and possessions.
C. Share draft accounts are accounts at credit unions from
which the holder is authorized to withdraw shares or to
transfer shares to third parties by means of a negotiable or
transferable instrument or other order such as a share draft.
Share draft accounts may be withdrawable upon demand,
or the credit union may reserve the right to require up to
60 days' notice prior to an intended withdrawal. For
eligibility to hold a share draft account, see Section
205(f)(2) of the Federal Credit Union Act (12 U.S.C.
Section 1785(f)(2)).
D. ATS accounts are deposits of individuals or sole
proprietorships on which the depository institution has
reserved the right to require at least seven days' written

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notice prior to withdrawal or transfer of any funds in the
account and from which, pursuant to written agreement
arranged in advance between the reporting institution and
the depositor, withdrawals may be made automatically
through payment to the depository institution itself or
through transfer of credit to a demand deposit or other
account in order to cover checks or drafts drawn upon the
institution or to maintain a specified balance in, or to make
periodic transfers to, such other accounts.
E. Telephone and preauthorized transfer accounts are
deposits, other than savings deposits,
1.

In which the entire beneficial interest is held by a
party eligible to hold a share draft account (applicable
to accounts at credit unions) or a NOW account
(applicable to accounts at all other types of depository
institutions),

2.

On which the reporting institution has reserved the
right to require at least seven days' written notice prior
to withdrawal or transfer of any funds in the account,
and

3.

Under the terms of which, or by practice of the
reporting institution, the depositor is permitted or
authorized to make more than six withdrawals per
“month” for purposes of transferring funds to another
account of the depositor at the same institution
(including a transaction account) or for making
payment to a third party by means of preauthorized
transfer, or telephonic (including data transmission)
agreement, order or instruction.
NOTE: An account that permits or authorizes more
than six such withdrawals in a “month” is a
transaction account whether or not more than six such
withdrawals actually are made in the “month.”

A “preauthorized transfer” includes any arrangement by
the reporting institution to pay a third party from the
account of a depositor (1) upon written or oral instruction
(including an order received through an automated
clearing house (ACH)), or (2) at a predetermined time or
on a fixed schedule.
Telephone and preauthorized transfer accounts also
include the balances of deposits or accounts that otherwise
meet the definition of savings deposits or time deposits,
but from which payments may be made to third parties by
means of a debit card, an ATM, a RSU, or other electronic
device, regardless of the number of payments made.
2. Savings Deposits. A savings deposit is a deposit
(including primary obligations described in Section B) with
respect to which the depositor is not required by the deposit
contract but may at any time be required by the depository

institution to give written notice of an intended withdrawal not
less than seven days before withdrawal is made, and that is not
payable on a specified date or at the expiration of a specified
time after the date of deposit.
Savings deposit also means a deposit or account, such as an
account commonly known as a passbook savings account, a
statement savings account, or a money market deposit account
(MMDA), that otherwise meets the requirements of the
preceding paragraph and from which, under the terms of the
deposit contract or by practice of the depository institution, the
depositor is permitted or authorized to make no more than six
transfers and withdrawals, or a combination of such transfers
and withdrawals, per calendar month or statement cycle (or
similar period) of at least four weeks, to another account
(including a transaction account) of the depositor at the same
institution or to a third party by means of a preauthorized or
automatic transfer, or telephonic (including data transmission)
agreement, order or instruction, and no more than three of the
six such transfers may be made by check, draft, debit card, or
similar order made by the depositor and payable to third
parties. (See Regulation D for procedures to be followed for
ensuring that the permissible number of transfers is not
exceeded.) Transfers from savings deposits for purposes of
covering overdrafts (overdraft protection plans) are included
under the withdrawal limits specified for savings deposits.
Any depository institution may place restrictions and
requirements on savings deposits in addition to those stipulated
above and in Regulation D. In the case of such further
restrictions, the account would still be reported as a savings
deposit. On the other hand, an account that otherwise meets
the definition of a savings deposit but that authorizes or permits
the depositor to exceed the six-transfer/withdrawal rule or
three-draft rule described above is a transaction account.
(Contact your Federal Reserve Bank for further information.)
NOTE: Multiple savings accounts where the depository
institution suggests, or otherwise promotes, multiple accounts
to permit transfers in excess of the limits applicable to
individual accounts are classified as transaction accounts and
reported as such.
Include the following accounts in savings deposits:
A. Credit union regular share accounts (but not share draft
accounts).
B. Escrow accounts, trust accounts, club accounts, and credit
balances that meet the definition of savings deposits.
C. Interest or dividends paid by crediting savings deposit
accounts.
D. Individual Retirement Accounts (IRA) or Keogh Plan
Accounts held in the form of savings deposits.

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E. Matured time deposits if the contract calls for conversion
to a savings deposit upon maturity.

B. Time certificates of deposit or credit union share
certificates and certificates of indebtedness (whether
negotiable or nonnegotiable).

Exclude the following accounts from savings deposits:
A. All transaction accounts.

C. Time deposit open accounts or credit union share
certificate open accounts.

B. Any accounts that are savings deposits in form but that the
Federal Reserve Board has determined, by rule or order, to
be transaction accounts.

D. Time deposit passbook accounts, savings certificates, and
notice accounts.

C. Special passbook or statement accounts, such as “ninetyday notice accounts,” “golden passbook accounts,” or
savings certificates that have a specified original maturity
or required notice period of seven days or more.

E. Escrow funds, trust accounts, club accounts, or credit
balances that meet the definition of time deposits.
F.

Individual Retirement Accounts (IRA) and Keogh Plan
Accounts held in the form of time deposits.

D. Interest accrued but not yet paid or credited to a savings
deposit or share account (excluded from this report).

G. Time deposits or share certificates maintained as
compensating balances or pledged as collateral for loans.

3. Time Deposits. Time deposits are defined as deposits
(including “primary obligations” described in Section B) that
the depositor does not have a right, and is not permitted, to
make withdrawals from within six days after the date of deposit
unless the deposit is subject to an early withdrawal penalty of
at least seven days' simple interest on amounts withdrawn
within the first six days after deposit.3 A time deposit from
which partial early withdrawals are permitted must impose
additional early withdrawal penalties of at least seven days'
simple interest on amounts withdrawn within six days after
each partial withdrawal. If such additional early withdrawal
penalties are not imposed, the account ceases to be a time
deposit. The account may become a savings deposit if it meets
the requirements for a savings deposit; otherwise, it becomes a
demand deposit. (Note: These prescribed penalties are the
minimum required by Federal Reserve Regulation D.
Institutions may choose to require penalties for early
withdrawal in excess of the regulatory minimums.)

H. All interest or dividends paid by crediting time deposit
accounts.

Include the following as time deposits:
A. Funds that are payable on a specified date not less than
seven days after the date of deposit or payable at the
expiration of a specified time not less than seven days after
the date of deposit, or payable only upon written notice
that is actually required to be given by the depositor not
less than seven days prior to withdrawal.

3. Accounts existing on March 31, 1986, may satisfy the early
withdrawal penalties specified by Federal Reserve Regulation D by
meeting the Depository Institutions Deregulation Committee's early
withdrawal penalties in existence on March 31, 1986. Accounts that
otherwise meet the requirements for time deposits but that lack such
penalties due to a lack of regulatory requirement for such penalty, as
in the case of Federally-chartered credit unions, may continue to be
classified as time deposits; however, the penalty should be included in
time deposits opened, renewed, or to which additional deposits are
made on or after January 1, 1987.
For exceptions to the imposition of early withdrawal penalties, please
refer to Regulation D.

Exclude from time deposits the following categories of
liabilities even if they have an original maturity of seven days
or more:
A. Any deposit or account that otherwise meets the definition
of a time deposit but that allows withdrawals within the
first six days after deposit and that does not require an
early withdrawal penalty of at least seven days' simple
interest on amounts withdrawn within those first six days.
Such deposits or accounts that meet the definition of a
savings deposit (or credit union share account) shall be
regarded as savings deposits; otherwise, they shall be
regarded as demand deposits and thus included in
transaction accounts.
B. The remaining balance of a time deposit if a partial early
withdrawal is made and the remaining balance is not
subject to additional early withdrawal penalties of at least
seven days' simple interest on amounts withdrawn within
six days after each partial early withdrawal. Such deposits
that meet the definition of a savings deposit (or credit
union share account) shall be regarded as savings deposits;
otherwise, they shall be regarded as demand deposits and
thus included in transaction accounts.
C. Any accounts that are time deposits in form but that the
Federal Reserve Board has determined, by rule or order, to
be transaction accounts.
D. Matured time deposits that are not automatically renewed
(reported as transaction accounts or savings deposits, as
appropriate).
E. Interest or dividends accrued but not yet paid or credited
to a time deposit or share certificate account (excluded
from this report).

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D. ITEM-BY-ITEM INSTRUCTIONS
Item 1. Total Transaction Accounts, Savings Deposits, and
Small Time Deposits. Report in this item the balance of all
“deposits” (including “primary obligations”) as defined in
Section B above, less all time deposits with balances of
$100,000 or more. This item includes total transaction
accounts (gross), total savings deposits, and total time deposits,
regardless of maturity, as defined in Section C above, less all
time deposits with balances of $100,000 or more.
The following list provides examples of time deposits with
balances of $100,000 or more, which should be excluded
from Item 1:
A. Negotiable and nonnegotiable and transferable and
nontransferable certificates of deposit issued in
denominations of $100,000 or more, time deposit open
accounts or credit union share certificate open accounts,
and other time deposits having balances of $100,000 or
more.

A. Net transaction accounts. Net transaction accounts
consist of total transaction accounts included in Item 1
above less (1) demand balances due from depository
institutions in the United States and (2) cash items in
process of collection, both as defined below.
NOTE: When calculating Item 2.a, Net Transaction
Accounts, your result could be negative. Please indicate a
negative result with a minus sign or parentheses around the
negative amount. (For more information on how to
calculate Net Transaction Accounts, see the FR 2910a
Worksheet.)
1.

Demand balances due from depository institutions
in the United States. Include all balances of deposits
subject to immediate withdrawal by the reporting
institution that are due from U.S. offices of the
following institutions located in the United States:
a.

Commercial or industrial banks and trust
companies conducting a commercial banking
business.

b.

Bankers' banks as defined in 12 CFR §204.121.

c.

Banking Edge and agreement corporations.

C. The balance of all primary obligations of $100,000 or
more that are included in total time deposits.

d.

U.S. branches and agencies of foreign (non-U.S.)
banks.

In determining if a time deposit has a balance of $100,000 or
more, do not combine deposits that are represented by separate
certificates or accounts, even if held by the same customer.

e.

Mutual or stock savings banks.

f.

Credit unions (including corporate central credit
unions).

g.

Building, savings and loan, and homestead
associations, or cooperative banks.

B. Time deposits originally issued in denominations of less
than $100,000 but, because of interest paid or credited, or
because of additional deposits, now have a balance of
$100,000 or more.

NOTE: Brokered deposits are funds in the form of deposits
that a depository institution receives from brokers or dealers on
behalf of individual depositors. If your institution receives
brokered deposits in the form of time deposits, only that
portion of the deposit in amounts of $100,000 or more that is
credited to a single depositor should be excluded from Item 1.
The remainder of the deposit is regarded as small time
deposits. For example, if a broker purchases one large
certificate of deposit (CD) for $5 million on behalf of several
depositors, and each of the underlying depositors’ shares in the
CD is less than $100,000, the entire amount of the CD should
be included in Item 1. However, if any of the underlying
depositors have balances of $100,000 or more, that portion of
the CD held by such a depositor or depositors should be
excluded from Item 1.
Item 2. Reservable Liabilities. Reservable liabilities consist
of the sum of (A) net transaction accounts + (B) nonpersonal
savings deposits + (C) nonpersonal time deposits (regardless of
maturity).4 These components are defined below.

Exclude from demand balances due from depository
institutions in the United States the following items:
a.

All balances due from Federal Reserve Banks,
including your institution's clearing balances
maintained at a Federal Reserve Bank.

b.

Balances due from other depository institutions
that are pledged by your institution.

c.

Time and savings deposit balances held at other
depository institutions.

d.

Trust funds deposited in other depository
institutions by your institution's trust department.

e.

Federal funds sold to other depository
institutions.

4. Nonpersonal savings deposits and nonpersonal time deposits are
reservable liabilities even though they are currently subject to a zeropercent reserve requirement.

June 2007

FR 2910a
Page 8

f.

g.

2.

All balances due from any non-U.S. office of a
U.S. depository institution; any non-U.S. office
of a foreign bank; trust companies that do not
conduct a commercial banking business; New
York State investment companies (chartered
under Article XII of the New York State Banking
Code) that perform a banking business and that
are majority-owned by one or more non-U.S.
banks; private banks; Federal Home Loan
Banks; and NCUA Central Liquidity Facility.

(6) Broker security drafts.

Demand deposit balances due from a smaller
depository institution in circumstances where the
reporting (and larger) depository institution has
moved funds to the smaller depository institution
to take advantage of the lower reserve
requirements imposed on smaller depository
institutions (i.e., to make use of the low reserve
tranche) and has received the funds back in a
reserve-free transaction.

(9) Food coupons and certificates.

Cash items in process of collection. Include the
items listed below:
a.

Checks or drafts in the process of collection,
drawn on a bank or other depository institution,
that are payable immediately upon presentation in
the United States, including checks or drafts
forwarded to a Federal Reserve Bank in process
of collection and checks or drafts on hand that
will be presented for payment or forwarded for
collection on the following business day.

b.

Government checks drawn on the Treasury of the
United States that are in the process of collection.

c.

Such other items in the process of collection that
are payable immediately upon presentation in the
United States and that are customarily cleared or
collected by depository institutions as cash items,
including:

(7) Amounts credited to deposit accounts in
connection with automated payment
arrangements where such credits are made
one business day prior to the scheduled
payment date to ensure that funds are
available on the payment date.
(8) Returned items and unposted debits.

Exclude any items handled as noncash collections,
items for which the reporting institution already has
received credit, credit card sales slips and drafts, and
debit slips.
B. Nonpersonal savings deposits: that portion of total
savings deposits that is nonpersonal, as defined below.
C. Nonpersonal time deposits: that portion of total time
deposits that is nonpersonal, as defined below, regardless
of maturity.
Nonpersonal savings and time deposits are deposits in
which any beneficial interest is held by a depositor other
than a natural person that does not specifically state that
the deposit is nontransferable. A natural person is an
individual or a sole proprietorship. A depositor other than
a natural person includes any partnership, governmental
unit, or corporation, even if owned solely by an individual.
NOTE: The following deposits in the form of savings
deposits or time deposits are considered personal, not
nonpersonal (as long as they are not transferable), and,
therefore, should be excluded from total reservable
liabilities:
1.

Individual Retirement Accounts (IRA), Keogh Plan
Accounts and accounts held by an employer as part of
an unfunded deferred compensation plan established
pursuant to Subtitle D of the Revenue Act of 1978
(Pub. L. No. 95-600; 92 Stat. 2763).

2.

Escrow accounts, such as funds held for tax or
insurance payments, if the depositor is a natural
person.

3.

Trust funds held in the name of a trustee or other
fiduciary, whether or not a natural person, if the entire
beneficial interest is held by natural persons.

(1) Matured bonds and coupons.
(2) Postal and other money orders, and traveler's
checks.
(3) NOW or NINOW account drafts.
(4) Credit union share drafts.
(5) Payable-through drafts that have been
received by the reporting institution and that
will be forwarded to another depository
institution.

June 2007

Worksheet for Preparation of the
Annual Report of Deposits and Reservable Liabilities (FR 2910a)
For All Depository Institutions Other Than Credit Unions
This worksheet is provided to assist you in calculating the items to be reported on the Annual Report of Deposits and
Reservable Liabilities (FR 2910a). You are not required to submit it to the Federal Reserve Bank. Other methods may be
used to compile these data. Please refer to the FR 2910a instructions for definitions of terms used below.
Trans action Accounts
1. Enter NOW accounts .
2. Enter De mand de pos its , including "primary obligations" in the form of demand deposits.
(Demand deposit s also include NINOW and POW account s.)
3. Enter ATS accounts and te le phone and pre authorize d trans fe rs .
4. Calculate Total trans action accounts : sum lines 1, 2, and 3.
5. Enter De mand balance s due from de pos itory ins titutions in the U.S.
6. Enter Cas h ite ms in proce s s of colle ction.
7. Calculate Ne t trans action accounts : line 4 minus the sum of lines 5 and 6. Enter line 7 on
Item 2.a of the FR 2910a reporting form. (Net t ransact ion account s may be negat iv e.)
Savings De pos its
8. Enter Total s avings de pos its , including "primary obligations" in the form of savings deposits.
Include accounts commonly known as passbook savings accounts, statement savings accounts,
MMDAs, club accounts, IRAs, and other balances held in the form of savings deposits.
9. Enter the amount of Nonpe rs onal s avings de pos its 1 included on line 8.
Time De pos its
10. Enter Total time de pos its , including "primary obligations" in the form of time deposits. Include
time certificates of deposit, club accounts, IRAs, and other balances held in the form of time
deposits.
11. Enter the amount of Time de pos its with balance s of $100,000 or more included in line 10.
12. Calculate Small time de pos its : line 10 minus line 11.
13. Enter the amount of Nonpe rs onal time de pos its 1 included on line 10.
Calculate FR 2910a Ite ms 1 and 2
14. Calculate Total trans action accounts , s avings de pos its , and s mall time de pos its : sum lines
4, 8, and 12. Enter line 14 on Item 1 of the FR 2910a reporting form.
15. Calculate Re s e rvable liabilitie s : sum lines 7, 9, and 13. Enter line 15 on Item 2 of the
FR 2910a reporting form. (Reserv able liabilit ies may be negat iv e.)

1. Nonpersonal deposits are deposits that are transferable or in which any beneficial interest is held by a depositor other than a natural
person.
June 2007

Worksheet for Preparation of the
Annual Report of Deposits and Reservable Liabilities (FR 2910a)
For Credit Unions
This worksheet is provided to assist you in calculating the items to be reported on the Annual Report of Deposits and
Reservable Liabilities (FR 2910a). You are not required to submit it to the Federal Reserve Bank. Other methods may be
used to compile these data. Please refer to the FR 2910a instructions for definitions of terms used below.

Trans action Accounts
1. Enter Share draft accounts .
2. Enter De mand de pos its , including "primary obligations" in the form of demand deposits.
(Demand deposit s also include POW account s.)
3. Enter ATS accounts and te le phone and pre authorize d trans fe rs .
4. Calculate Total trans action accounts : sum lines 1, 2, and 3.
5. Enter De mand balance s due from de pos itory ins titutions in the U.S.
6. Enter Cas h ite ms in proce s s of colle ction.
7. Calculate Ne t trans action accounts : line 4 minus the sum of lines 5 and 6. Enter line 7 on
Item 2.a of the FR 2910a reporting form. (Net t ransact ion account s may be negat iv e.)
Savings De pos its
8. Enter Total s avings de pos its , including "primary obligations" in the form of savings deposits.
Include regular share accounts, MMDAs, club accounts, IRAs, and other balances held in the
form of savings deposits.
9. Enter the amount of Nonpe rs onal s avings de pos its 1 included on line 8.
Time De pos its
10. Enter Total time de pos its , including "primary obligations" in the form of time deposits. Include
share certificates, club accounts, IRAs, and other balances held in the form of time deposits.
11. Enter the amount of Time de pos its with balance s of $100,000 or more included in line 10.
12. Calculate Small time de pos its : line 10 minus line 11.
13. Enter the amount of Nonpe rs onal time de pos its 1 included on line 10.
Calculate FR 2910a Ite ms 1 and 2
14. Calculate Total trans action accounts , s avings de pos its , and s mall time de pos its : sum lines
4, 8, and 12. Enter line 14 on Item 1 of the FR 2910a reporting form.
15. Calculate Re s e rvable Liabilitie s : sum lines 7, 9, and 13. Enter line 15 on Item 2 of the
FR 2910a reporting form. (Reserv able liabilit ies may be negat iv e.)

1. Nonpersonal deposits are deposits that are transferable or in which any beneficial interest is held by a depositor other than a natural
person.
June 2007