(MA)-Reports of Condition and Income (Interagency Call Report)

Reports of Condition and Income (Interagency Call Report)

Final Draft Redline FFIEC 051 Instruction Book Section 205 6.24.2019

(MA)-Reports of Condition and Income (Interagency Call Report)

OMB: 1557-0081

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FFIEC 051

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Draft Revisions to the Call Report Instructions
for Revisions to the FFIEC 051 Call Report
Effective September 30, 2019

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A

These draft instructions, which are subject to change, reflect revisions to the FFIEC
051 Call Report that take effect September 30, 2019 (subject to OMB approval), as
described in the federal banking agencies' Notice of Proposed Rulemaking
(NPR) published on November 19, 2018 and the related final rule published on
June 21, 2019. The final rule implements section 205 of the Economic
Growth, Regulatory Relief, and Consumer Protection Act.

D

The NPR, the related final rule and the redlined FFIEC 051 reporting forms for the
revisions to the FFIEC 051 Call Report that take effect on September 30, 2019, are
available on the
FFIEC’s web pages for the FFIEC 051 Call Report.

Draft as of June 24, 2019

Draft Revisions to the Call Report Instructions
for Revisions to the FFIEC 051 Call Report
Effective September 30, 2019
(Subject to OMB Approval)

General Instructions

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Contents

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12

Schedule RI-C – Disaggregated Data on the Allowance for Loan and Lease Losses

16

Schedule RC-C, Part I – Loans and Leases

19

Schedule RC-E – Deposit Liabilities

23

Schedule RC-M – Memoranda

29

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Schedule RI – Income Statement

32

Schedule RC-O – Other Data for Deposit Insurance and FICO Assessments

35

Schedule RC-R, Part II – Risk-Weighted Assets

38

Schedule RC-T – Fiduciary and Related Services

47

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Schedule RC-N – Past Due and Nonaccrual Loans, Leases, and Other Assets

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Note: These draft instructions reflect revisions to the FFIEC 051 Call Report that take effect
September 30, 2019, subject to OMB approval, as described in the federal banking agencies' Notice
of Proposed Rulemaking (NPR) published on November 19, 2018 and the related final rule
published on June 21, 2019. The Federal Register notices and the redlined draft reporting form for
these Call Report revisions are available on the FFIEC's web page for the FFIEC 051 Call Report.
Question concerning these draft instructions may be submitted to the FFIEC by going to
https://www.ffiec.gov/contact/default.aspx, clicking on "Reporting Forms" under the "Reports" caption
on the web page, and completing the Feedback Form.

FFIEC 051

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GENERAL INSTRUCTIONS

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Schedules RC and RC-B through RC-T constitute the FFIEC 051 version of the Consolidated Report of
Condition and its supporting schedules. Schedules RI and RI-A through RI-E constitute the Consolidated
Report of Income and its supporting schedules. Schedule RI-C collects certain information semiannually
only from institutions with $1 billion or more in total assets. Schedule SU – Supplemental Information
collects additional information in the FFIEC 051 on certain complex or specialized activities in which an
institution may engage. The Consolidated Reports of Condition and Income are commonly referred to as
the
Call Report. For purposes of these General Instructions, the Financial Accounting Standards Board
(FASB) Accounting Standards Codification is referred to as the “ASC.”
Unless the context indicates otherwise, the term “bank” in the Call Report instructions refers to both
banks and savings associations.

WHO MUST REPORT ON WHAT FORMS

Every national bank, state member bank, insured state nonmember bank, and savings association is
required to file a consolidated Call Report normally as of the close of business on the last calendar day of
each calendar quarter, i.e., the report date. The specific reporting requirements depend upon the size of
the bank and whether it has any "foreign" offices. Banks must file the appropriate forms as described
below:

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(1) BANKS WITH FOREIGN OFFICES: Banks of any size that have any "foreign" offices (as defined
below) must file quarterly the Consolidated Reports of Condition and Income for a Bank with
Domestic and Foreign Offices (FFIEC 031). For purposes of these reports, all of the following
constitute "foreign" offices:
(a) An International Banking Facility (IBF);
(b) A branch or consolidated subsidiary in a foreign country; and
(c) A majority-owned Edge or Agreement subsidiary.

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In addition, for banks chartered and headquartered in the 50 states of the United States and the
District of Columbia, a branch or consolidated subsidiary in Puerto Rico or a U.S. territory or
possession is a “foreign” office. However, for purposes of these reports, a branch at a U.S. military
facility located in a foreign country is a "domestic" office.

(2) BANKS WITHOUT FOREIGN OFFICES: Banks that have domestic offices only must file quarterly:

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(a) The Consolidated Reports of Condition and Income for a Bank with Domestic and Foreign Offices
(FFIEC 031) if the bank has total consolidated assets of $100 billion or more;
(b) The Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only
(FFIEC 041) if the bank has total consolidated assets less than $100 billion; or
(c) The Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only and
Total Assets Less than $51 Billion (FFIEC 051),
as appropriate to the reporting institution. An institution eligible to file the FFIEC 051 report (as
discussed below) may choose instead to file the FFIEC 041 report.

For banks chartered and headquartered in Puerto Rico or a U.S. territory or possession, a branch or
consolidated subsidiary in one of the 50 states of the United States, the District of Columbia, Puerto Rico,
or a U.S. territory or possession is a "domestic" office.
For those institutions filing the FFIEC 031 or FFIEC 041, a separate instruction book covers both of these
report forms. Please refer to this separate instruction book for the General Instructions for the FFIEC 031
and the FFIEC 041 report forms.
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Eligibility to File the FFIEC 051
Institutions with domestic offices only and total assets less than $51 billion, excluding those that
are advanced approaches institutions for regulatory capital purposes,1 and those that are large or highly
complex institutions for deposit insurance assessment purposes,2 are eligible to file the
FFIEC 051 Call Report. An institution’s total assets are measured as of June 30 each year to
determine the institution’s eligibility to file the FFIEC 051 beginning in March of the following year.

Close of Business

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For an institution otherwise eligible to file the FFIEC 051, the institution’s primary federal regulatory
agency, jointly with the state chartering authority, if applicable, may require the institution to file the
FFIEC 041 instead based on supervisory needs. In making this determination, the appropriate agency
will may consider criteria including, but not limited to, whether the eligible institution is significantly
engaged in one or more complex, specialized, or other higher risk activities, such as those for which
limited information is reported in the FFIEC 051 compared to the FFIEC 041 (trading; derivatives;
mortgage banking; fair value option usage; servicing, securitization, and asset sales; and variable
interest entities). The agencies anticipate making such determinations only in a limited number of cases.

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The term "close of business" refers to the time established by the reporting bank as the cut-off time for
receipt of work for posting transactions to its general ledger accounts for that day. The time designated
as the close of business should be reasonable and applied consistently. The posting of a transaction to
the general ledger means that both debit and credit entries are recorded as of the same date. In addition,
entries made to general ledger accounts in the period subsequent to the close of business on the report
date that are applicable to the period covered by the Call Report (e.g., adjustments of accruals, posting of
items held in suspense on the report date to their proper accounts, and other quarter-end adjusting
entries) should be reported in the Call Report as if they had actually been posted to the general ledger at
or before the cut-off time on the report date.

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With respect to deposits received by the reporting bank after the cut-off time for posting them to individual
customer accounts for a report date (i.e., so-called "next day deposits" or "late deposits"), but which are
nevertheless posted in any manner to the reporting bank's general ledger accounts for that report date
(including, but not limited to, through the use of one or more general ledger contra accounts), such
deposits must be reported in Schedule RC-O, Other Data for Deposit Insurance and FICO Assessments,
item 1, and may also be reported in Schedule RC, Balance Sheet, item 13, “Deposits,” and
Schedule RC-E, Deposit Liabilities. However, the use of memorandum accounts outside the reporting
bank's general ledger system for control over "next day" or "late deposits" received on the report date
does not in and of itself make such deposits reportable in Schedule RC-O and Schedules RC and RC-E.

1

In general, an advanced approaches institution, as defined in the regulatory capital rules, has consolidated total
assets equal to $250 billion or more, has consolidated total on-balance sheet foreign exposure equal to $10 billion or
more, is a subsidiary of a depository institution or holding company that uses the advanced approaches to calculate
its total risk-weighted assets, or elects to use the advanced approaches to calculate its total risk-weighted assets.
The regulatory capital rules are set forth in 12 CFR Part 3 for national banks and federal savings associations;
12 CFR Part 217 for state member banks; and 12 CFR Part 324 for state nonmember banks and state savings
associations.
2 See 12 CFR § 327.8 and 12 CFR § 327.16(f).

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Frequency of Reporting1

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Each institution is required to submit a Call Report quarterly as of the report date. However, for banks
with fiduciary powers, the reporting frequency for Schedule RC-T, Fiduciary and Related Services,
depends on their total fiduciary assets and their gross fiduciary and related services income. Banks with
total fiduciary assets greater than $250 million$1 billion (as of the preceding December 31) or with gross
fiduciary and related services income greater than 10 percent of revenue (net interest income plus
noninterest income) for the preceding calendar year must complete the certain applicable items of
Schedule RC-T quarterly and other applicable items annually as of the December 31 report date. Banks
with total fiduciary assets greater than $250 million, but less than or equal to $1 billion, (as of the
preceding December 31) that do not meet the fiduciary income test described above for the preceding calendar
year must complete certain applicable items of Schedule RC-T semiannually, as of the June 30
and December 30 report dates and other applicable items annually as of the December report date. All
other banks with fiduciary powers must complete the applicable items of Schedule RC-T annually as of
the December 31 report date.
For all institutions filing the FFIEC 051, Schedule RC-C, Part II, Loans to Small Businesses and Small
Farms, must be completed semiannually as of the June 30 and December 31 report dates.

Schedule RC, Memorandum item 1, on the level of external auditing work performed for the bank, and
Memorandum item 2, on the bank’s fiscal year-end date, are to be reported annually as of the March 31
report date.

In addition, the following items are to be completed annually as of the December 31 report date by all institutions
filing the FFIEC 051, as applicable:

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(1) Schedule RI-E, items 1.a through 1.lj, on components of other noninterest income;

(2) Schedule RI-E, items 2.a through 2.p, on components of other noninterest expense;
(3) Schedule RC-C, Part I, Memorandum items 8.b and 8.c, and Schedule RI, Memorandum item 12, on
closed-end 1-4 family residential mortgage loans with negative amortization features;
(4) Schedule RC-C, Part I, Memorandum items 15.a.(1) through 15.c.(2), on reverse mortgages;

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(5) Schedule RC-E, Memorandum item 1.e, "Preferred deposits;"

(6) Schedule RC-M, item 6, “Does the reporting bank sell private label or third-party mutual funds and
annuities?”;
(7) Schedule RC-M, item 7, “Assets under the reporting bank’s management in proprietary mutual funds
and annuities”;

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(8) Schedule RC-M, item 9, “Do any of the bank’s Internet websites have transactional capability,
i.e., allow the bank’s customers to execute transactions on their accounts through the website?”;
(9) Schedule RC-M, item 11, “Does the bank act as trustee or custodian for Individual Retirement
Accounts, Health Savings Accounts, and other similar accounts?“;

(10) Schedule RC-M, item 12, “Does the bank provide custody, safekeeping, or other services involving
the acceptance of orders for the sale or purchase of securities?”; and
(11) Schedule RC-M, items 14.a and 14.b, on assets of captive insurance and reinsurance subsidiaries.

1
The reporting frequency for particular schedules and data items differs on the three versions of the Call Report.
Please see the General Instructions for the FFIEC 031 and the FFIEC 041 for a listing of data items reported less
frequently than quarterly on those report forms.

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The following items, if applicable, are to be completed annually as of the December 31 report date only by
institutions with $1 billion or more in total assets (measured as of June 30 of the preceding year) filing the FFIEC
051:
(1) Schedule RI, item 15, “Components of service charges on deposit accounts,” (if the bank answered “Yes” to
Schedule RC-E, Memorandum item 5, which asks whether the bank offers one or more consumer
deposit account products); and
(2) Schedule RC-E, Memorandum items 6 and 7, on the amount of deposits in transaction and nontransaction
savings consumer deposit account products (if the bank answered “Yes” to Schedule RC-E, Memorandum
item 5, which asks whether the bank offers one or more consumer deposit account products).

FT

The following items are to be reported semiannually as of the June 30 and December 31 report dates by all
institutions filing the FFIEC 051, as applicable:
(1) Schedule RI, Memorandum item 14, “Other-than-temporary impairment losses on held-tomaturity and available-for-sale debt securities recognized in earnings”;

(1)(2) Schedule RC-B, Memorandum item 3, “Amortized cost of held-to-maturity securities sold
or transferred to available-for-sale or trading securities during the calendar year-to-date”;

(2) Schedule RC-B, Memorandum items 6.a through 6.g, columns A through D, on structured financial
products by underlying collateral or reference assets;
(3) Schedule RC-C, Part I, Memorandum items 1.a.(1) through 1.f.(5), on “Loans restructured in
troubled debt restructurings that are in compliance with their modified terms” by loan category;

A

(3)(4) Schedule RC-C, Part I, Memorandum item 4, “Adjustable-rate closed-end loans secured by first
liens on 1–4 family residential properties (included in Schedule RC-C, Part I, item 1.c.(2)(a))”;

(4)(5) Schedule RC-C, Part I, Memorandum items 7.a and 7.b, on purchased credit-impaired loans held
for investment;
(5)(6) Schedule RC-C, Part I, Memorandum item 8.a, on closed-end 1-4 family residential mortgage
loans with negative amortization features;

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(7) Schedule RC-C, Part I, Memorandum item 12, columns A through C, “Loans (not subject to the
requirements of FASB ASC 310-30 (former AICPA Statement of Position 03-3)) and leases held for
investment that were acquired in business combinations with acquisition dates in the current calendar
year”;
(8) Schedule RC-E, Memorandum item 1.a, “Total Individual Retirement Accounts (IRAs) and Keogh Plan
accounts”;

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(9) Schedule RC-E, Memorandum item 5, “Does your institution offer one or more consumer deposit account
products, i.e., transaction account or nontransaction savings account deposit products intended primarily for
individuals for personal, household, or family use?”;
(6)(10) Schedule RC-F, items 6.a through 6.j, on components of all other assets;

(7)(11) Schedule RC-G, items 4.a through 4.g, on components of all other liabilities;
(8) (12) Schedule RC-L, items 9.c through 9.f, on components of all other off-balance sheet liabilities;

(13) Schedule RC-L, items, 10.b through 10.e, on components of all other off-balance sheet assets;
(14) Schedule RC-L, items 11.a and 11.b, on year-to-date merchant credit card sales volume;
(15) Schedule RC-M, items 8.a through 8.c, on website addresses and physical office trade names;
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(16) Schedule RC-N, Memorandum items 1.a.(1) through 1.f.(5), columns A through C, on loans restructured in
troubled debt restructurings by loan category that are past due 30 days or more and still accruing or are on
nonaccrual;
(17) Schedule RC-N, Memorandum item, 5, columns A through C, on past due and nonaccrual loans and leases
held for sale;
(18) Schedule RC-N, Memorandum items 7 and 8, on additions to and sales of nonaccrual assets during
the previous six months; and
(19) Schedule RC-N, Memorandum items 9.a and 9.b, columns A through C, on purchased credit-impaired loans.;

FT

(20) Schedule RC-R, Part II, items 1 through 25, columns A through U, as applicable, on the risk-weighting of assets
and other exposures for risk-based capital purposes; and
(21) Schedule RC-R, Part II, Memorandum item 1, on the current credit exposure of all derivatives and
Memorandum items 2 and 3, columns A through C, on the notional amounts of derivatives by remaining maturity
and underlying risk exposure.
The following items are to be completed semiannually as of the June and December 31 report dates only by
institutions with $1 billion or more in total assets (measured as of June 30 of the preceding year) filing the FFIEC
051:

(1) Schedule RI-C, items 1 through 6, columns A and B, on disaggregated data on the allowance for loan and lease
losses; and

A

(2) For institutions that have adopted FASB Accounting Standards Update No. 2016-13 (ASU 2016-13), which
governs the accounting for credit losses, Schedule RI-C, items 7 through 11, on disaggregated data on the
allowance for credit losses on held-to-maturity debt securities.

In addition, in Schedule RC-M, information on “International remittance transfers offered to consumers” is
to be provided in item 16.a and, if appropriate, in items 16.c and 16.d semiannually as of the June 30 and
December 31 report dates. Item 16.b is to be completed annually as of the June 30 report date only.

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Differences in Detail of Reports

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The amount of detail required to be reported varies between the three versions of the Call Report forms,
with the report form for banks with foreign offices or with total consolidated assets of $100 billion or more
(FFIEC 031) having more detail than the report form for banks with domestic offices only and total
consolidated assets of less than $100 billion (FFIEC 041). The report form for banks with domestic
offices only and total assets less than $1 5 billion (FFIEC 051) has the least amount of detail of the three
reports.

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Furthermore, as discussed below under Shifts in Reporting Status, the amount of detail also varies within
each report form, primarily based on the size of the bank. See the General Instructions section of the
instruction book for the FFIEC 031 and the FFIEC 041 for information on the differences in the level of
detail within the FFIEC 031 and the FFIEC 041 report forms.
Differences in the level of detail within the FFIEC 051 report form are as follows:

FT

(1) Banks with specified loan categories included in Schedule RC-C, Part I, Memorandum item 1.f, “All
other loans” that exceed 10 percent of total loans restructured in troubled debt restructurings (TDRs)
that are in compliance with their modified terms must report the amount of such TDRs in
Memorandum items 1.f.(1), 1.f.(4)(a), 1.f.(4)(b), and 1.f.(4)(c).
(2) Banks that reported closed-end loans with negative amortization features secured by 1–4 family
residential properties in Schedule RC-C, Part I, Memorandum item 8.a, as of the preceding
December 31 that exceeded the lesser of $100 million or 5 percent of total loans and leases held for
investment and held for sale must report certain additional information on these loans in Schedule
RC-C, Part I, Memorandum items 8.b and 8.c, and Schedule RI, Memorandum item 12, annually in
the December report only.
(3) Banks that reported construction, land development, and other land loans in Schedule RC-C, Part I,
item 1.a, that exceeded 100 percent of total capital as of the preceding December 31 must report
certain information on loans in this loan category with interest reserves in Schedule RC-C, Part I,
Memorandum items 13.a and 13.b.

A

(4) Banks that reported in Schedule RC-M, item 16.b, that they provided more than 100 international
remittance transfers in the previous calendar year or that they estimate that they will provide more
than 100 international remittance transfers in the current calendar year must report certain additional
information on their international remittance transfer activities during specified periods in
Schedule RC-M, items 16.c and 16.d.
(5) Banks with specified loan categories included in Schedule RC-N, Memorandum item 1.f, “All other
loans” that exceed 10 percent of total loans restructured in troubled debt restructurings (TDRs) that
are past due 30 days or more or are in nonaccrual status must report the amount of such TDRs in
Memorandum items 1.f.(1), 1.f.(4)(a), 1.f.(4)(b), and 1.f.(4)(c).

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(6) Banks with total fiduciary assets greater than $250 million (as of the preceding December 31) or with
gross fiduciary and related services income greater than 10 percent of revenue (net interest income
plus noninterest income) for the preceding calendar year must report information on their fiduciary
and related services income and on fiduciary settlements and losses in Schedule RC-T.

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(7) Banks with total fiduciary assets greater than $100 million but less than or equal to $250 million (as of
the preceding December 31) and with gross fiduciary and related services income less than or equal
to 10 percent of revenue (net interest income plus noninterest income) for the preceding calendar
year must report information on fiduciary settlements and losses in Schedule RC-T.

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(8) Banks with collective investment funds and common trust funds with a total market value of $1 billion
or more as of the preceding December 31 must report a breakdown of these funds by type of fund in
Schedule RC-T, Memorandum items 3.a through 3.g, quarterly or annually, as appropriate.
(9) Banks that, for each of the two calendar quarters preceding the current calendar quarter, had either
(a) more than $10 million in sales of 1-4 family residential mortgage loans during the calendar
quarter, or (b) more than $10 million in 1-4 family residential mortgage loans held for sale or trading at
calendar quarter-end must complete Schedule SU, items 2.a and 2.b.

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(10) Banks servicing either (a) any closed-end 1-4 family residential mortgages or (b) more than
$10 million in financial assets other than closed-end 1-4 family residential mortgages must report the
total volume of such servicing in Schedule SU, item 6.a.

(11) Banks that, together with affiliated institutions, have outstanding credit card receivables that exceed
$500 million as of the report date or are credit card specialty institutions as defined for Uniform
Institution Performance Report purposes must report certain information on retail credit card fees and
finance charges in Schedule SU, items 8.a through 8.d.

Shifts in Reporting Status

All shifts in reporting status within the FFIEC 051 report form (except as noted below) are to begin with
the March Call Report. Such a shift will take place only if the reporting bank'’s total assets, agricultural
loans, or credit card lines, as reflected in the Consolidated Report of Condition for June of the previous
calendar year, equal or exceed the following criteria:

A

(1) When total assets equal or exceed $100 million, a bank must begin to complete Schedule RC-K,
item 13, for the quarterly average of "“Other borrowed money."”

(2) When loans to finance agricultural production and other loans to farmers exceed 5 percent of total
loans and leases held for investment and held for sale at a bank with less than $300 million in total
assets, the bank must begin to report the following information for these agricultural loans: interest
and fee income, quarterly average, past due and nonaccrual loans, charge-offs and recoveries, and,
if certain additional criteria are met, troubled debt restructurings.

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(3) When total assets equal or exceed $300 million, a bank must begin to complete certain Memorandum
items providing the following information on loans to finance agricultural production and other loans to
farmers: interest and fee income, quarterly average, past due and nonaccrual loans, charge-offs and
recoveries, and, if certain additional criteria are met, troubled debt restructurings.

(4) When total assets equal or exceed $1 billion, a bank must begin to complete:

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(a) Schedule RI, item 15, “Components of service charges on deposit accounts,” (if the bank answered “Yes” to
Schedule RC-E, Memorandum item 5, which asks whether the bank offers one or more consumer deposit
account products);
(b) Schedule RI-C, items 1 through 6, columns A and B, on disaggregated data on the allowance for loan and
lease losses;
(c) For those institutions that have adopted ASU 2016-13, which governs the accounting for credit losses,
Schedule RI-C, items 7 through 11, on disaggregated data on the allowance for credit losses on heldto-maturity debt securities;

(d) Schedule RC-E, Memorandum items 6 and 7, on the amount of deposits in transaction and nontransaction
savings consumer deposit account products (if the bank answered “Yes” to Schedule RC-E, Memorandum
item 5, which asks whether the bank offers one or more consumer deposit account products); and
(e) Schedule RC-O, Memorandum item 2, “Estimated amount of uninsured deposits including related interest
accrued and unpaid.”

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A

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Once a bank reaches the $100 million, or $300 million, or $1 billion total asset threshold or exceeds the
agricultural loan percentage threshold and begins to report the additional required information described
above, it must continue to report the additional applicable information in subsequent years unless its total
assets or loan percentage subsequently fall to less than the applicable threshold for four consecutive
quarters. In this case, the institution may cease reporting the data items to which the threshold applies in
the quarter after the four consecutive quarters in which its total assets or agricultural loans have fallen
below the applicable threshold. However, if the institution exceeds the threshold as of a subsequent June
30 report date, the data items would again be required to be reported beginning in March of the following
year.

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For example, if June 30, 2018, is the first June 30 as of which an institution reports $300 million or more
in total assets, the institution must begin reporting the data items to which the $300 million total assets
threshold applies as of the March 31, 2019, report date. If the institution reports less than $300 million in
total assets each quarter-end from September 30, 2018, through June 30, 2019, it may cease reporting
the data items applicable to institutions with $300 million or more in total assets beginning September 30,
2019. In contrast, if instead the institution reports $300 million or more in total assets as of September 30
and December 31, 2018, but then reports less than $300 million in total assets each quarter-end from
March 31, 2019, through December 31, 2019, it may cease reporting the data items applicable to
institutions with $300 million or more in total assets beginning March 31, 2020.

FT

For a bank that files the FFIEC 051 report, other shifts in reporting status occur when:
(1) The bank establishes or acquires any "foreign" office. The bank must begin filing the FFIEC 031
report form (Consolidated Reports of Condition and Income for a Bank with Domestic and Foreign
Offices) for the first quarterly report date following the commencement of operations by the
"foreign" office. However, a bank with "foreign" offices that divests itself of all its "foreign" offices
must continue filing the FFIEC 031 report form through the end of the calendar year in which the
cessation of all operations of its "foreign" offices was completed.

A

(2) The institution is involved in a business combination, a transaction between entities under common
control, or a branch acquisition that is not a business combination. Beginning with the first quarterly
report date following the effective date of a such a transaction involving an institution and one or
more other depository institutions, the resulting institution, regardless of its size prior to the
transaction, must (a) file the FFIEC 031 report form if it acquires any "foreign" office, or (b) file the
report form if its consolidated total assets after the consummation of the transaction are $1 billion
or more, or (c) report the additional required information described above on the FFIEC 051 report
form if its total assets or agricultural loans after the consummation of the transaction surpass the
$100 million, or$300 million, or $1 billion total asset threshold or the agricultural loan

percentage.

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(3) The institution becomes an advanced approaches institution for regulatory capital purposes or
a large or highly complex institution for deposit insurance assessment purposes. The institution
must begin filing the FFIEC 041 report for the first quarterly report date after the date it
becomes such an advanced approaches institution (unless it establishes or acquires a “foreign
office” in the same quarter that it becomes such an advanced approaches institution, in which
case the institution must begin filing the FFIEC 031 report form for that first quarterly report
date).

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In addition, beginning with the first quarterly report date after an operating depository institution that was
not previously a member of the Federal Deposit Insurance Corporation (FDIC) becomes an FDIC-insured
institution and is eligible to, and chooses to, file the FFIEC 051, it must report the additional required
information described above, based on its total assets and agricultural loans at the time it becomes
FDIC-insured.

ORGANIZATION OF THE INSTRUCTION BOOK
This instruction book covers the FFIEC 051 report form.1 It is divided into the following sections:
(1) The General Instructions describe overall reporting requirements.
(2) The Line Item Instructions for each schedule of the Consolidated Report of Income.
1

A separate instruction book covers both the FFIEC 031 and the FFIEC 041 report forms.

FFIEC 051

9
(12-18
09-19)

GENERAL INSTRUCTIONS
11

Memoranda
Item No.

Caption and Instructions

NOTE: Memorandum item 12 is to be completed by banks that are required to complete Schedule RC-C,
Part I, Memorandum items 8.b and 8.c, and is to be completed annually as of the December 31 report
date.
Noncash income from negative amortization on closed-end loans secured by
1-4 family residential properties. Report the amount of noncash income from negative
amortization on closed-end loans secured by 1-4 family residential properties (i.e., interest
income accrued and uncollected that has been added to principal) included in interest and
fee income on loans secured by real estate (Schedule RI, item 1.a.(1)).

FT

12

Negative amortization refers to a method in which a loan is structured so that the borrower’s
minimum monthly (or other periodic) payment is contractually permitted to be less than the
full amount of interest owed to the lender, with the unpaid interest added to the loan’s
principal balance. The contractual terms of the loan provide that if the borrower allows the
principal balance to rise to a pre-specified amount or maximum cap, the loan payments are
then recast to a fully amortizing schedule. Negative amortization features may be applied to
either adjustable rate mortgages or fixed rate mortgages, the latter commonly referred to as
graduated payment mortgages (GPMs).
13

Not applicable.

Other-than-temporary impairment losses on held-to-maturity and available-for-sale
debt securities recognized in earnings. Report the amount of other-than-temporary
impairment losses on held-to-maturity and available-for-sale debt securities that have been
recognized in earnings during the calendar year to date as discussed in the following
paragraphs. This amount is included in the realized gains (losses) on held-to-maturity and
available-for-sale securities reported in Schedule RI, items 6.a and 6.b, respectively.

R

14

A

NOTE: Memorandum item 14 is to be completed semiannually in the June and December reports only
by institutions that have not adopted FASB Accounting Standards Update No. 2016-13 (ASU 2016-13),
which governs the accounting for credit losses. Institutions that have adopted ASU 2016-13 should
leave Memorandum item 14 blank.

D

When the fair value of an individual held-to-maturity or available-for-sale debt security is less
than its amortized cost basis, the security is impaired and the impairment is either temporary
or other-than-temporary. To determine whether the impairment is other-than-temporary, a
bank must apply the relevant guidance in ASC Topic 320, Investments-Debt Securities
(formerly FASB Statement No. 115, “Accounting for Certain Investments in Debt and Equity
Securities,” as amended by FASB Staff Position (FSP) FAS 115-1 and FAS 124-1, “The
Meaning of Other-Than-Temporary Impairment and Its Application to Certain Investments,”
and FSP FAS 115-2 and FAS 124-2, “Recognition and Presentation of Other-ThanTemporary Impairments”) and ASC Subtopic 325-40, Investments-Other – Beneficial
Interests in Securitized Financial Assets (formerly Emerging Issues Task Force (EITF) Issue
No. 99-20, “Recognition of Interest Income and Impairment on Purchased Beneficial Interests
and Beneficial Interests That Continue to Be Held by a Transferor in Securitized Financial
Assets,” as amended by FSP EITF 99-20-1, “Amendments to the Impairment Guidance of
EITF Issue No. 99-20”), as appropriate.

When an other-than-temporary impairment loss has occurred on an individual debt security,
the total amount of the loss is the entire difference between the amortized cost of the debt
security and its fair value on the measurement date of the other-than-temporary impairment.
For an other-than-temporary impairment loss on a debt security that the bank intends to sell

Memoranda
Item No.

Caption and Instructions

14
(cont.)

and on a debt security that it is more likely than not that the bank will be required to sell
before recovery of its amortized cost basis less any current-period credit loss, the total
amount of the other-than-temporary impairment loss must be recognized in earnings and
must be reported in this item.

FT

For an other-than-temporary impairment loss on a debt security when the bank does not
intend to sell the security and it is not more likely than not that the bank will be required to sell
the security before recovery of its amortized cost basis less any current-period credit loss, the
other-than-temporary impairment loss must be separated into (a) the amount representing
the credit loss, which must be recognized in earnings, and (b) the amount related to all other
factors, which must be recognized in other comprehensive income. Report in this item the
portion of such an other-than-temporary impairment loss that represents the credit loss.
For further information, see the Glossary entry for “securities activities.”

NOTE: Memorandum items 15.a through 15.d are to be completed annually in the December
report only by institutions with $1 billion or more in total assets.1

Components of service charges on deposit accounts. Memorandum items 15.a through
15.d are to be completed by institutions that answered “Yes” to Schedule RC-E,
Memorandum item 5, “Does your institution offer one or more consumer deposit account
products, i.e., transaction account or nontransaction savings account deposit products
intended primarily for individuals for personal, household, or family use?” Such institutions
should report in the appropriate subitem the year-to-date amount of the specified category of
service charges on deposit accounts included in Schedule RI, item 5.b, "Service charges on
deposit accounts." Consistent with the instructions for Schedule RI, item 5.b, the amount of
service charges on deposit accounts reported in Memorandum items 15.a through 15.d
should be net of amounts refunded to depositors.

A

15

R

The specified categories of service charges to be reported in Schedule RI, Memorandum
items 15.a through 15.c, are those levied against consumer deposit account products offered
by the reporting institution during the calendar year to date that would be reportable in
Schedule RC-E, Memorandum items 6.a, 6.b, 7.a.(1), and 7.b.(1).

D

Once a customer has opened a deposit account with the reporting institution that is a deposit
product intended primarily for individuals for personal, household, or family use, the
institution is not required thereafter to review the customer’s status or usage of the account to
determine whether the transaction account is being used for personal, household, or family
purposes. Thus, when reporting the amount of service charges on consumer deposit
account products in Schedule RI, Memorandum items 15.a through 15.c, below, the reporting
institution is not required to identify those individual accounts within the population of a
particular consumer deposit account product that are not being used for personal, household,
or family purposes and remove any service charges levied against these accounts from the
total amounts of overdraft-related, periodic maintenance, and customer automated teller
machine (ATM) fees charged to customer accounts within that consumer deposit product.
Treatment of Transfer Fees – If the reporting institution levies a service charge or fee on a
consumer deposit account for a transfer between the account holder’s deposit account and
another account (including a loan account) regardless of the means by which the transfer is
effected (e.g., in person, by telephone, via an ATM, and via online account access), the
transfer fee should be reported in Schedule RI, Memorandum item 15.d, “All other service

1

In general, the determination as to whether an institution has $1 billion or more in total assets is measured as of June 30 of the
previous calendar year. See pages 7 and 8 of the General Instructions for guidance on shifts in reporting status.

FFIEC 051

RI - INCOME STATEMENT

Memoranda
Caption and Instructions

15
(cont.)

charges on deposit accounts.” In contrast, if the reporting institution levies a service charge or
fee on a consumer deposit account for the account holder’s use of an ATM to effect a transfer
between the account holder’s deposit account and another account (and not for the transfer
itself), the service charge or fee is considered a fee for accessing the ATM and should be
reported in Schedule RI, Memorandum item 15.c, “Consumer customer automated teller
machine (ATM) fees levied on those transaction account and nontransaction savings account
deposit products intended primarily for individuals for personal, household, or family use,” and
is not considered a transfer fee.

FT

Item No.

The sum of Memorandum items 15.a through 15.d must equal Schedule RI, item 5.b.

Consumer overdraft-related service charges levied on those transaction account and
nontransaction savings account deposit products intended primarily for individuals for
personal, household, or family use. For deposit account products intended, marketed, or
presented to the public primarily for individuals for personal, household, or family use, report
the amount of service charges and fees related to the processing of payments and debits
against insufficient funds, including “nonsufficient funds (NSF) check charges,” that the
reporting institution assesses with respect to items that it either pays or returns unpaid, and all
subsequent charges levied against overdrawn accounts, but excluding those fees equivalent to
interest and reported in Schedule RI, item 1, “Interest and fee income on loans.”

15.b

Consumer account periodic maintenance charges levied on those transaction account
and nontransaction savings account deposit products intended primarily for individuals
for personal, household, or family use. For deposit account products intended, marketed,
or presented to the public primarily for individuals for personal, household, or family use, report
the amount of service charges levied on such consumer deposit accounts for account holders’
maintenance of their deposit accounts with the reporting institution (often labeled “monthly
maintenance charges”). Include recurring fees not subject to waiver, which include fixed
monthly or other periodic charges levied against a consumer deposit account for the
maintenance of the account that the account holder cannot avoid under any circumstances,
including, for example, by maintaining other deposit or loan accounts with the institution,
maintaining a minimum deposit balance, or engaging in a specified level of account activity
(such as the number of debit card transactions) during a month or other period. Also include
maintenance charges subject to waiver during a month or other period that have not been
waived, but have been levied against a consumer deposit account because of the account
holder’s failure to maintain specified minimum deposit balances or meet other requirements
(e.g., requirements related to transacting and purchasing other services).

R

A

15.a

D

Exclude so-called “per-check fees” levied on consumer deposit accounts regardless of whether
such fees are charged, for example, (a) for each check that is paid during a month or other
period, (b) if a specified minimum account balance is not maintained during a month or other
period, or (c) if the number of checks paid during a month or other period exceeds a specified
number. “Per-check fees” should be reported in Schedule RI, Memorandum item 15.d, “All
other service charges on deposit accounts.” In addition, exclude so-called“per-item fees” that
function in a manner similar to “per-check fees” and report such fees in Memorandum item
15.d.
Also exclude event-based service charges and fees levied on consumer deposit accounts, such
as stop payment fees and wire transfer fees. Such service charges and fees should be
reported in Schedule RI, Memorandum item 15.d.

FFIEC 051

RI-36
(09-19)

RI - INCOME STATEMENT

FFIEC 051

RI - INCOME STATEMENT

Memoranda

15.c

Caption and Instructions
Consumer customer automated teller machine (ATM) fees levied on those transaction
account and nontransaction savings account deposit products intended primarily for
individuals for personal, household, or family use. For deposit account products
maintained at the reporting institution and intended, marketed, or presented to the public
primarily for individuals for personal, household, or family use, report the amount of service
charges and fees levied against such consumer deposit accounts by the reporting institution
for the account holder’s use of ATMs or remote service units (RSUs) owned, operated, or
branded by the institution, other institutions, or other third-party, non-bank ATM operators to
access the account holder’s consumer deposit accounts at the institution for purposes of
conducting transactions and other activities. Such transactions and other activities include
deposits to or withdrawals from consumer deposit accounts, account balance inquiries, and
transfers between the account holder’s consumer deposit account and another account
(including a loan account). (See the “Treatment of Transfer Fees” above in the instructions
for Schedule RI, Memorandum item 15.)

FT

Item No.

Exclude service charges levied by the reporting institution against deposit accounts
maintained at other institutions for transactions conducted through the use of ATMs or RSUs
owned, operated, or branded by the reporting institution. Also exclude debit card interchange
fees. Such service charges and interchange fees should be reported in Schedule RI, item 5.l,
“Other noninterest income,” not in Schedule RI, item 5.b.
All other service charges on deposit accounts. Report all other service charges on
deposit accounts (in domestic offices) levied by the reporting institution and not reported in
Schedule RI, Memorandum items 15.a, 15.b, and 15.c. Include service charges and fees on
the reporting institution’s deposit account products intended for use by a broad range of
depositors (which may include individuals), rather than being intended, marketed, or
presented to the public primarily for individuals for personal, household, or family use. For
deposit account products intended for use by a broad range of depositors, the reporting
institution need not identify the fees charged to accounts held by individuals for personal,
household, or family use and need not report these fees in one of the three categories of
consumer deposit account fees above.

R

A

15.d

D

Include “per-check fees” and “per-item fees” (as discussed in the instructions to Schedule RI,
Memorandum item 15.b, above) and event-based service charges and fees (such as stop
payment fees and wire transfer fees) levied on deposit accounts, including consumer deposit
accounts. See the instructions for Schedule RI, Memorandum item 15, above for information
on the “Treatment of Transfer Fees.”

FFIEC 051

RI-37
(09-19)

RI - INCOME STATEMENT

FFIEC 051

RI-C – DISAGGREGATED ALLOWANCE DATA

SCHEDULE RI-C – DISAGGREGATED DATA ON THE ALLOWANCE
FOR LOAN AND LEASE LOSSES
General Instructions
Schedule RI-C is to be completed semiannually in the June and December reports only by institutions with $1
billion or more in total assets.1

FT

Institutions that have not adopted FASB Accounting Standards Update No. 2016-13 (ASU 2016-13),
which governs the accounting for credit losses, should complete only Schedule RI-C, items 1 through 6,
Disaggregated Data on the Allowance for Loans and Leases, and should leave the data items reported in
items 7 through 11 blank.
Institutions that have adopted ASU 2016-13 should complete Schedule RI-C, items 1 through 11.
General Instructions for Items 1 through 6, Loans and Leases Held for Investment.

Schedule RI-C, items 1 through 6, have two columns for the disclosure of disaggregated information by
portfolio category on the recorded investment in loans (and, as applicable, leases) held-for-investment
(column A) and the related balance in the allowance for loan and lease losses at the end
of each quarter (column B), excluding loans held for investment that the institution has elected to report at fair
value under a fair value option. Loans and leases held for investment are loans and leases that the institution
has the intent and ability to hold for the foreseeable future or until maturity or payoff.

A

Institutions that have adopted ASU 2016-13, should report the amortized cost and related allowances for credit
losses by loan category in columns A and B, respectively.
The loan and lease portfolio categories for which the allowance and related recorded investments are to
be reported in Schedule RI-C, Part II, represent general categories rather than the standardized loan
categories defined in Schedule RC-C, Part I, Loans and Leases. Based on the manner in which it
segments its portfolio for purposes of applying its allowance methodology, each institution should report each
component of the overall allowance reported in Schedule RC, item 4.c, and the recorded investment amount
in the related loans and leases in the Schedule RI-C, items 1 through 6, general loan category
that best corresponds to the characteristics of the related loans and leases.2

D

R

The sum of the recorded investment amounts reported in Schedule RI-C, items 1 through 6, plus the fair value
of loans held for investment for which the fair value option has been elected, must equal the balance sheet
amount of held for investment loans and leases reported in Schedule RC, item 4.b, "Loans and
leases held for investment." Thus, the recorded investment amounts reported in column A must be net of
unearned income.

1In

general, the determination as to whether an institution has $1 billion or more in total assets is measured as of
June 30 of the previous calendar year. See pages 7 and 8 of the General Instructions for guidance on shifts in reporting status.

example, based on its allowance methodology, one institution’s allowance components for credit cards might relate to both consumer
and business credit card receivables, but another institution's allowance components for credit cards might relate only to consumer credit
card receivables.

2For

As another example, based on its allowance methodology, one institution might include its loans secured by farmland in its allowance
components for commercial real estate loans, but another institution might include its loans secured by farmland in its allowance
components for commercial loans.

FFIEC 051

RI-C-1
(9-19)

RI-C – DISAGGREGATED ALLOWANCE DATA

FFIEC 051

RI-C – DISAGGREGATED ALLOWANCE DATA

Item No. Caption and Instructions
1
Real estato
e loans:
Construction loans. Report in column A the recorded investment in held-for-investment
construction loans and in column B the related balance in the allowance for loan and lease
losses for such loans. Exclude loans that the institution has elected to report at fair value
under a fair value option.

1.b

Commercial real estate loans. Report in column A the recorded investment in held-forinvestment commercial real estate loans and in column B the related balance in the allowance
for loan and lease losses for such loans. Exclude loans that the institution has elected to
report at fair value under a fair value option.

1.c

Residential real estate loans. Report in column A the recorded investment in held-forinvestment residential real estate loans and in column B the related balance in the allowance
for loan and lease losses for such loans. Exclude loans that the institution has elected to
report at fair value under a fair value option.

2

Commercial loans. Report in column A the recorded investment in held-for-investment
commercial loans and in column B the related balance in the allowance for loan and lease
losses for such loans. For purposes of this item, commercial loans include all loans and
leases not reported as real estate loans, credit cards, or other consumer loans in the other
items of this Schedule RI-C, Part II. Exclude loans that the institution has elected to report at
fair value under a fair value option.

3

Credit cards. Report in column A the recorded investment in held-for-investment extensions
of credit arising from credit cards and in column B the related balance in the allowance for loan
and lease losses for such extensions of credit. Exclude loans that the institution has elected to
report at fair value under a fair value option.

A

Other consumer loans. Report in column A the recorded investment in held-forinvestment consumer loans other than credit cards and in column B the related balance in the
allowance for loan and lease losses for such loans. Exclude loans that the institution has
elected to report at fair value under a fair value option.

R

4

FT

1.a

Unallocated, if any. Report in column B the amount of any unallocated portion of the
allowance for loan and lease losses. An institution is not required to have an unallocated
portion of the allowance.

6

Total. Report the sum of items 1.a through 5. The total of column A plus the total fair value of
any loans held for investment for which the fair value option has been elected must equal
Schedule RC, item 4.b, “Loans and leases held for investment." The total of column B must
equal Schedule RC, item 4.c, “Allowance for loan and lease losses.”

D

5

FFIEC 051

RI-C-2
(9-19)

RI-C – DISAGGREGATED ALLOWANCE DATA

FFIEC 051

RI-C – DISAGGREGATED ALLOWANCE DATA

Held-to-Maturity Securities
For each of the specified categories of held-to-maturity debt securities in items 7 through 10, which
correspond to the securities categories defined in Schedule RC-B, report the related balance of the
allowance for credit losses measured in accordance with ASC Subtopic 326-20.
Institutions that not have adopted ASU 2016-13 should leave items 7 through 11 blank.
Caption and Instructions

7

Securities issued by states and political subdivisions in the U.S. Report the allowance
for credit losses on held-to-maturity debt securities issued by states and political
subdivisions in the U.S. (as defined for Schedule RC-B, item 3, column A).

8

Mortgage-backed securities (MBS) (including CMOs, REMICs, and stripped MBS).
Report the allowance for credit losses on held-to-maturity mortgage-backed securities
(as defined for Schedule RC-B, items 4.a, 4.b, and 4.c, column A).

9

Asset-backed securities and structured financial products. Report the allowance for
credit losses on held-to-maturity asset-backed securities and structured financial products
(as defined for Schedule RC-B, items 5.a and 5.b, column A).

FT

Item No.

Other debt securities. Report the allowance for credit losses on categories of held-tomaturity debt securities not reported in items 7 through 9, above.

11

Total. Report the sum of items 7 through 10. The amount reported in item 11, “Total,”
should equal the amount reported in Schedule RI-B, Part II, item 7, column B, “Balance end
of current period,” for held-to-maturity debt securities.

D

R

A

10

FFIEC 051

RI-C-3
(9-19)

RI-C – DISAGGREGATED ALLOWANCE DATA

Part I. (cont.)
Memoranda
Item No.

Caption and Instructions

NOTE: Schedule RC-C, Part I, Memorandum items 1.a.(1) through 1.f.(5), are to be completed
semiannually in the June and December reports only. Memorandum item 1.g is to be completed quarterly.
Loans restructured in troubled debt restructurings that are in compliance with their
modified terms. Report in the appropriate subitem loans that have been restructured in
troubled debt restructurings and are in compliance with their modified terms. As set forth in
ASC Subtopic 310-40, Receivables – Troubled Debt Restructurings by Creditors (formerly
FASB Statement No. 15, "Accounting by Debtors and Creditors for Troubled Debt
Restructurings," as amended by FASB Statement No. 114, "Accounting by Creditors for
Impairment of a Loan"), a troubled debt restructuring is a restructuring of a loan in which a
bank, for economic or legal reasons related to a borrower's financial difficulties, grants a
concession to the borrower that it would not otherwise consider. For purposes of this
Memorandum item, the concession consists of a modification of terms, such as a reduction of
the loan’s stated interest rate, principal, or accrued interest or an extension of the loan’s
maturity date at a stated interest rate lower than the current market rate for new debt with
similar risk, regardless of whether the loan is secured or unsecured and regardless of
whether the loan is guaranteed by the government or by others.

FT

1

R

A

Once an obligation has been restructured in a troubled debt restructuring, it continues to be
considered a troubled debt restructuring until paid in full or otherwise settled, sold, or charged
off. However, if a restructured obligation is in compliance with its modified terms and the
restructuring agreement specifies an interest rate that at the time of the restructuring is
greater than or equal to the rate that the bank was willing to accept for a new extension of
credit with comparable risk, the loan need not continue to be reported as a troubled debt
restructuring in this Memorandum item in calendar years after the year in which the
restructuring took place. A loan extended or renewed at a stated interest rate equal to the
current interest rate for new debt with similar risk is not considered a troubled debt
restructuring. Also, a loan to a third party purchaser of "other real estate owned" by the
reporting bank for the purpose of facilitating the disposal of such real estate is not considered
a troubled debt restructuring. For further information, see the Glossary entry for "troubled
debt restructurings."

D

Include in the appropriate subitem all loans restructured in troubled debt restructurings as
defined above that are in compliance with their modified terms, that is, restructured loans
(1) on which all contractual payments of principal or interest scheduled that are due under the
modified repayment terms have been paid or (2) on which contractual payments of both
principal and interest scheduled under the modified repayment terms are less than 30 days
past due.
Exclude from this item (1) those loans restructured in troubled debt restructurings on which
under their modified repayment terms either principal or interest is 30 days or more past due
and (2) those loans restructured in troubled debt restructurings that are in nonaccrual status
under their modified repayment terms. Report such loans restructured in troubled debt
restructurings in the category and column appropriate to the loan in Schedule RC-N, items 1
through 7, column A, B, or C, and in Schedule RC-N, Memorandum items 1.a through 1.f,
column A, B, or C.
Loan amounts should be reported net of unearned income to the extent that they are reported
net of unearned income in Schedule RC-C, Part I.

Part I. (cont.)
Memoranda
Item No.
1.a

Caption and Instructions
Construction, land development, and other land loans:
1-4 family construction loans. Report all loans secured by real estate for the purpose
of constructing 1-4 family residential properties (as defined for Schedule RC-C, Part I,
item 1.a.(1)) that have been restructured in troubled debt restructurings and are in
compliance with their modified terms. Exclude from this item 1-4 family construction loans
restructured in troubled debt restructurings that, under their modified repayment terms, are
past due 30 days or more or are in nonaccrual status (report in Schedule RC-N, item 1.a.(1)
and Memorandum item 1.a.(1)).

1.a.(2)

Other construction loans and all land development and other land loans. Report all
construction loans for purposes other than constructing 1-4 family residential properties, all
land development loans, and all other land loans (as defined for Schedule RC-C, Part I,
item 1.a.(2)) that have been restructured in troubled debt restructurings and are in
compliance with their modified terms. Exclude from this item other construction loans and all
land development and other land loans restructured in troubled debt restructurings that,
under their modified repayment terms, are past due 30 days or more or are in nonaccrual
status (report in Schedule RC-N, item 1.a.(2) and Memorandum item 1.a.(2)).

1.b

Loans secured by 1-4 family residential properties. Report all loans secured by 1-4
family residential properties (as defined for Schedule RC-C, Part I, item 1.c) that have been
restructured in troubled debt restructurings and are in compliance with their modified terms.
Exclude from this item loans secured by 1-4 family residential properties restructured in
troubled debt restructurings that, under their modified repayment terms, are past due 30 days
or more or are in nonaccrual status (report in Schedule RC-N, item 1.c and Memorandum
item 1.b). Also exclude from this item all 1-4 family construction loans that have been
restructured in troubled debt restructurings and are in compliance with their modified terms
(report in Schedule RC-C, Part I, Memorandum item 1.a.(1), above).

A

Loans secured by multifamily (5 or more) residential properties. Report all loans
secured by multifamily (5 or more) residential properties (as defined for Schedule RC-C,
Part I, item 1.d) that have been restructured in troubled debt restructurings and are in
compliance with their modified terms. Exclude from this item loans secured by multifamily
residential properties restructured in troubled debt restructurings that, under their modified
repayment terms, are past due 30 days or more or are in nonaccrual status (report in
Schedule RC-N, item 1.d and Memorandum item 1.c).

R

1.c

FT

1.a.(1)

Secured by nonfarm nonresidential properties:

D

1.d

1.d.(1)

Loans secured by owner-occupied nonfarm nonresidential properties. Report all loans
secured by owner-occupied nonfarm nonresidential properties (as defined for Schedule RC-C,
Part I, item 1.e.(1),) that have been restructured in troubled debt restructurings and are in
compliance with their modified terms. Exclude from this item loans secured by owner-occupied
nonfarm nonresidential properties restructured in troubled debt restructurings that, under their
modified repayment terms, are past due 30 days or more or are in nonaccrual status (report in
Schedule RC-N, item 1.e.(1) and Memorandum item 1.d.(1)).

Part I. (cont.)
Memoranda
Caption and Instructions

1.d.(2)

Loans secured by other nonfarm nonresidential properties. Report all loans secured by
other nonfarm nonresidential properties (as defined for Schedule RC-C, Part I, item 1.e.(2))
that have been restructured in troubled debt restructurings and are in compliance with their
modified terms. Exclude from this item loans secured by other nonfarm nonresidential
properties restructured in troubled debt restructurings that, under their modified repayment
terms, are past due 30 days or more or are in nonaccrual status (report in Schedule RC-N,
item 1.e.(2) and Memorandum item 1.d.(2)).

1.e

Commercial and industrial loans. Report all commercial and industrial loans (as defined
for Schedule RC-C, Part I, item 4) that have been restructured in troubled debt restructurings
and are in compliance with their modified terms. Exclude commercial and industrial loans
restructured in troubled debt restructurings that, under their modified repayment terms, are
past due 30 days or more or are in nonaccrual status (report in Schedule RC-N, item 4 and
Memorandum item 1.e).

1.f

All other loans. Report all other loans that cannot properly be reported in Schedule RC-C,
Part I, Memorandum items 1.a through 1.e, above that have been restructured in troubled
debt restructurings and are in compliance with their modified terms. Exclude from this item
all other loans restructured in troubled debt restructurings that, under their modified
repayment terms, are past due 30 days or more or are in nonaccrual status (report in
Schedule RC-N).

A

FT

Item No.

Include in this item loans in the following categories that have been restructured in troubled
debt restructurings and are in compliance with their modified terms:

R

(1) Loans secured by farmland (as defined for Schedule RC-C, Part I, item 1.b);
(2) Loans to depository institutions and acceptances of other banks (as defined for
Schedule RC-C, Part I, item 2);
(3) Loans to finance agricultural production and other loans to farmers (as defined for
Schedule RC-C, Part I, item 3);
(4) Loans to individuals for household, family, and other personal expenditures (as defined
for Schedule RC-C Part I, item 6);
(5) Obligations (other than securities and leases) of states and political subdivisions in the
U.S. (as defined for Schedule RC-C, Part I, item 8); and
(6) Loans to nondepository financial institutions and other loans (as defined for
Schedule RC-C, Part I, item 9)

D

For loans in the following loan categories within “All other loans” that have been restructured
in troubled debt restructurings and are in compliance with their modified terms, report the
amount of such restructured loans in the appropriate subitem of Schedule RC-C, Part I,
Memorandum item 1.f, if the dollar amount of such restructured loans in that loan category
exceeds 10 percent of total loans restructured in troubled debt restructurings that are in

Part I. (cont.)
Memoranda
Caption and Instructions

1.f
(cont.)

compliance with their modified terms (i.e., 10 percent of the sum of Schedule RC-C, Part I,
Memorandum items 1.a through 1.e plus Memorandum item 1.f):
• Memorandum item 1.f.(1), “Loans secured by farmland”;
• Memorandum item 1.f.(4)(a), Consumer “Credit cards”;
• Memorandum item 1.f.(4)(b), Consumer “Automobile loans”;
• Memorandum item 1.f.(4)(c), “Other” consumer loans; and
• Memorandum item 1.f.(5) “Loans to finance agricultural production and other loans to
farmers,” for banks with $300 million or more in total assets and banks with less than
$300 million in total assets that have loans to finance agricultural production and other
loans to farmers (Schedule RC-C, Part I, item 3) exceeding five percent of total loans and
leases held for investment and held for sale (Schedule RC-C, Part I, item 12).

1.g

Total loans restructured in troubled debt restructurings that are in compliance with
their modified terms. In the reports for March and September, report the total amount of
loans restructured in troubled debt restructurings that are in compliance with their modified
terms. In the reports for June and December, rReport the sum of Memorandum items 1.a.(1)
through 1.f. Exclude amounts reported in Memorandum items 1.f.(1) through 1.f.(5) when
calculating the total in Memorandum item 1.g.
Maturity and repricing data for loans and leases (excluding those in nonaccrual
status). Report in the appropriate subitem maturity and repricing data for the bank's loans
and leases held for investment and held for sale. Loans and leases are to be reported in this
Memorandum item regardless of whether they are current or are reported as "past due and
still accruing" in Schedule RC-N, columns A and B. However, exclude those loans and
leases that are reported as "nonaccrual" in Schedule RC-N, column C.

A

2

FT

Item No.

R

The sum of Memorandum items 2.a.(1) through 2.b.(6) plus total nonaccrual loans
and leases from Schedule RC-N, item 9, column C, must equal Schedule RC-C, sum of items
1 through 10.
For purposes of this memorandum item, the following definitions apply:

D

A fixed interest rate is a rate that is specified at the origination of the transaction, is fixed and
invariable during the term of the loan or lease, and is known to both the borrower and the
lender. Also treated as a fixed interest rate is a predetermined interest rate which is a rate
that changes during the term of the loan on a predetermined basis, with the exact rate of
interest over the life of the loan known with certainty to both the borrower and the lender
when the loan is acquired. Examples of predetermined-rate transactions are: (1) Loans that
carry a specified interest rate, for, say, six months and thereafter carry a rate equal to a
specific percentage over the initial rate. (2) Loans that carry a specified interest rate while
the loan amount is below a certain threshold amount but carry a different specified rate above
that threshold (e.g., a line of credit where the interest rate is 10% when the unpaid balance of
amounts advanced is $100,000 or less, and 8% when the unpaid balance is more than
$100,000).

A floating rate is a rate that varies, or can vary, in relation to an index, to some other interest
rate such as the rate on certain U.S. Government securities or the bank's "prime rate," or to
some other variable criterion the exact value of which cannot be known in advance.
Therefore, the exact rate the loan carries at any subsequent time cannot be known at the time
of origination.

Memoranda
Item No.

Caption and Instructions

Selected components of total deposits. The amounts to be reported in Memorandum
items 1.a through 1.f below are included as components of total deposits (Schedule RC-E,
sum of item 7, columns A and C).
NOTE: Schedule RC-E, Memorandum item 1.a, is to be completed semiannually in the June and
December reports only.
Total Individual Retirement Accounts (IRAs) and Keogh Plan accounts. Report in this
1.a
Memorandum item the total of all IRA and Keogh Plan deposits included in total deposits
(Schedule RC-E, sum of item 7, columns A and C). IRAs include traditional IRAs, Roth IRAs,
Simplified Employee Pension (SEP) IRAs, and SIMPLE IRAs.

FT

1

Exclude deposits in "Section 457" deferred compensation plans and self-directed defined
contribution plans, which are primarily 401(k) plan accounts. Also exclude deposits in Health
Savings Accounts, Medical Savings Accounts, and Coverdell Education Savings Accounts
(formerly known as Education IRAs).
1.b

Total brokered deposits. Report in this Memorandum item the total of all brokered deposits
included in total deposits (Schedule RC-E, sum of item 7, columns A and C), regardless of
size or type of deposit instrument. (See the Glossary entry for "brokered deposits" for the
definition of this term.)

A

Brokered deposits include “brokered reciprocal deposits.” As defined in Section 327.8(q) of
the FDIC’s regulations, “brokered reciprocal deposits” are “reciprocal deposits as defined in
Section 337.6(e)(2)(v) of the FDIC’s regulations that are not excepted from an institution’s
brokered deposits pursuant to Section 337.6(e)” of the FDIC’s regulations.
Limited Exception for Reciprocal Deposits

R

Pursuant to Section 337.6(e) of the FDIC’s regulations, and consistent with Section 202 of
the Economic Growth, Regulatory Relief, and Consumer Protection Act, an “agent institution”
can except reciprocal deposits from being classified (and reported in this Memorandum item
1.b) as brokered deposits up to its applicable statutory caps, described below.

D

Definitions that apply to the limited exception for reciprocal deposits:
• “Agent institution” means an insured depository institution that places a covered deposit
through a deposit placement network at other insured depository institutions in amounts
that are less than or equal to the standard maximum deposit insurance amount,
specifying the interest rate to be paid for such amounts, if the insured depository
institution:
o When most recently examined under section 10(d) of the Federal Deposit Insurance
Act (12 U.S.C. 1820(d)) was found to have a composite condition of outstanding or
good, and is well capitalized;
o Has obtained a waiver pursuant to Section 337.6(c) of the FDIC’s regulations; or
o Does not receive an amount of reciprocal deposits that causes the total amount of
reciprocal deposits held by the agent institution to be greater than its special cap,
described below.
• “Covered deposit” means a deposit that (i) is submitted for placement through a deposit
placement network by the agent institution; and (ii) does not consist of funds that were
obtained for the agent institution, directly or indirectly, by or through a deposit broker
before submission for placement through a deposit placement network.
• “Deposit placement network” means a network in which an insured depository institution
participates, together with other insured depository institutions, for the processing and
receipt of reciprocal deposits.

23

Memoranda
Item No.

Caption and Instructions

4.a.(2)

Over three months through 12 months. Report the dollar amount of:

4. b

•

the bank's floating rate time deposits of more than $250,000 with the next repricing date
occurring in over three months through 12 months.

FT

4.a.(4)

the bank's fixed rate time deposits of more than $250,000 with remaining maturities of
over three months through 12 months, and

Over one year through three years. Report the dollar amount of:
•

the bank's fixed rate time deposits of more than $250,000 with remaining maturities of
over one year through three years, and

•

the bank's floating rate time deposits of more than $250,000 with the next repricing date
occurring in over one year through three years.

Over three years. Report the dollar amount of:
•

the bank's fixed rate time deposits of more than $250,000 with remaining maturities of
over three years, and

•

the bank's floating rate time deposits of more than $250,000 with the next repricing date
occurring in over three years.

A

4.a.(3)

•

Time deposits of more than $250,000 with a remaining maturity of one year or less.
Report all time deposits of more than $250,000 with a remaining maturity of one year or less.
Include both fixed rate and floating rate time deposits of more than $250,000.

R

The fixed rate time deposits that should be included in this item will also have been reported
by remaining maturity in Schedule RC-E, Memorandum items 4.a.(1) and 4.a.(2), above. The
floating rate time deposits that should be included in this item will have been reported by next
repricing date in Memorandum items 4.a.(1) and 4.a.(2), above. However, Memorandum
items 4.a.(1) and 4.a.(2) may include floating rate time deposits with a remaining maturity of
more than one year, but on which the interest rate can next change in one year or less; those
time deposits should not be included in this Memorandum item 4.b.

NOTE: Schedule RC-E, Memorandum item 5, is to be completed semiannually in the June and December
reports only.
Does your institution offer one or more consumer deposit account products,
i.e., transaction account or nontransaction savings account deposit products intended
primarily for individuals for personal, household, or family use? Indicate in the boxes
marked “Yes” and “No” whether your institution offers one or more transaction account or
nontransaction savings account deposit products intended, marketed, or presented to the
public primarily for consumer use, i.e., deposit products offered primarily to individuals for
personal, household, and family use. For purposes of this item, consumer deposit account
products exclude (1) time deposits, (2) certified and official checks, and (3) pooled funds and
commercial products with sub-account structures, such as escrow accounts, that are held for
individuals but not eligible for consumer transacting, saving, or investing. Consumer deposit
account products also exclude Health Savings Accounts, Medical Savings Accounts, and
Coverdell Education Savings Accounts when such accounts are offered in the form of pooled
funds and commercial products.

D

5

Memoranda
Caption and Instructions

5
(cont.)

Your institution should answer “Yes” if it offers one or more transaction account or
nontransaction savings account deposit products intended primarily for consumer use even if
it also offers other transaction account or nontransaction savings account deposit products
intended for use by a broad range of depositors (which may include individuals) rather than
being intended, marketed, or presented to the public primarily for individuals for consumer
use and regardless of whether the products intended, marketed, or presented to the public
primarily for consumer use carry the same terms as other deposit products intended for use
by a broad range of depositors (which may include individuals).

FT

Item No.

Your institution should answer “No” if all of the transaction account and nontransaction
savings account deposit products it offers are intended for use by a broad range of depositors
(which may include individuals) or by non-consumer depositors and none of these products is
intended, marketed, or presented to the public primarily for individuals for personal,
household, or family use.

D

R

A

Transaction accounts include demand deposits, negotiable order of withdrawal (NOW)
accounts, automatic transfer service (ATS) accounts, and telephone and preauthorized
transfer accounts. Nontransaction savings accounts include money market deposit accounts
(MMDAs) and other savings deposits. For the definitions of these types of accounts, see the
Glossary entry for “deposits.”

FFIEC 051

RC-E - DEPOSITS

Memoranda
Item No.

Caption and Instructions

NOTE: Memorandum items 6 and 7 are to be completed annually in the December report only by
1
institutions with $1 billion or more in total assets that answered “Yes” to Schedule RC-E,
Memorandum item 5, above.
General Instructions for Consumer Deposit Account Balances – Once a customer has
opened a deposit account with the reporting institution that is a deposit product intended
primarily for individuals for personal, household, or family use, the institution is not required
thereafter to review the customer’s status or usage of the account to determine whether the
transaction account is being used for personal, household, or family purposes. Thus, when
reporting the amount of consumer deposit account balances in Memorandum items 6 and 7
of Schedule RC-E, the reporting institution is not required to identify those individual accounts
within the population of a particular consumer deposit account product that are not being
used for personal, household, or family purposes and remove the balances of these accounts
from the total amount of deposit balances held in that consumer deposit account product.

FT

6 and 7

Components of total transaction account deposits of individuals, partnerships, and
corporations. Report in the appropriate subitem the specified component of total transaction
account deposits of individuals, partnerships, and corporations. The sum of Memorandum
items 6.a and 6.b plus the total deposits in all other transaction account deposits of
individuals, partnerships, and corporations must equal Schedule RC-E, item 1, column A,
above.

R

6

A

An institution may have established a retail sweep arrangement for a transaction account
deposit product that is offered primarily to individuals for personal, household, and family use.
Under the sweep arrangement, the institution transfers funds between a customer’s
transaction account and that customer’s nontransaction account. The “Reporting of Retail
Sweep Arrangements Affecting Transaction and Nontransaction Accounts” section of the
Glossary entry for “deposits” identifies three criteria that must be met in order for a retail
sweep program to comply with the Federal Reserve Regulation D definitions of “transaction
account” and nontransaction “savings account.” The retail sweeps section of that Glossary
entry further provides that if all three criteria are met, an institution must report the transaction
account and nontransaction account components of a retail sweep program separately when
it reports its quarter-end deposit information in Schedule RC-E and certain other schedules.
Thus, this separate reporting of the two components of a retail sweep program applies to the
reporting of consumer deposit account balances in Memorandum items 6 and 7 of Schedule
RC-E.

D

If an institution offers one or more transaction account deposit products intended, marketed,
or presented to the public primarily for individuals for personal, household, or family use, but
has other transaction account deposit products intended for a broad range of depositors
(which may include individuals who would use the product for personal, household, or family
use), the institution should exclude the entire amount of these latter transaction account
deposit products from Memorandum items 6.a and 6.b. For example, if an institution has a
single negotiable order of withdrawal (NOW) account deposit product that it offers to all
depositors eligible to hold such accounts, including individuals, sole proprietorships, certain

1In general, the determination as to whether an institution has $1 billion or more in total assets is measured
as of June 30 of the previous calendar year. See pages 7 and 8 of the General Instructions for guidance on
shifts in reporting status.

FFIEC 051

RC-E-18
(9-19)

RC-E - DEPOSITS

FFIEC 051

RC-E - DEPOSITS

Memoranda
Caption and Instructions

6
(cont.)

nonprofit organizations, and certain government units, the institution would exclude the entire
amount of its NOW accounts from Memorandum items 6.a and 6.b. The institution should not
identify the NOW accounts held by individuals for personal, household, or family use and report
the amount of these accounts in Memorandum item 6.b, above.

6.a

Total deposits in those noninterest-bearing transaction account deposit products
intended primarily for individuals for personal, household, or family use. Report the
amount of deposits reported in Schedule RC-E, item 1, column A, held in noninterest-bearing
transaction accounts intended, marketed, or presented to the public primarily for individuals for
personal, household, or family use. Exclude certified and official checks as well as pooled
funds and commercial products with sub-account structures, such as escrow accounts, that are
held for individuals but not eligible for consumer transacting, saving, or investing.

6.b

Total deposits in those interest-bearing transaction account deposit products intended
primarily for individuals for personal, household, or family use. Report the amount of
deposits reported in Schedule RC-E, item 1, column A, held in interest-bearing transaction
accounts intended, marketed, or presented to the public primarily for individuals for personal,
household, or family use. Exclude pooled funds and commercial products with sub-account
structures, such as escrow accounts, that are held for individuals but not eligible for consumer
transacting, saving, or investing.

7

Components of total nontransaction savings account deposits of individuals,
partnerships, and corporations. Report in the appropriate subitem the specified component
of total nontransaction savings account deposits of individuals, partnerships, and corporations.
Exclude all time deposits of individuals, partnerships, and corporations reported in Schedule
RC-E, item 1, column C. The sum of Memorandum items 7.a.(1),
7.a.(2), 7.b,(1), and 7.b.(2) plus all time deposits of individuals, partnerships, and corporations
must equal Schedule RC-E, item 1, column C, above.

A

FT

Item No.

R

If an institution offers one or more nontransaction savings account deposit products intended,
marketed, or presented to the public primarily for individuals for personal, household, or family
use, but has other nontransaction savings account deposit products intended for a broad
range of depositors (which may include individuals who would use the product for personal,
household, or family use), the institution should report the entire amount of these latter
nontransaction savings account deposit products in Memorandum item 7.a.(2) or 7.b.(2), as
appropriate.

Money market deposit accounts (MMDAs) of individuals, partnerships, and
corporations. Report in the appropriate subitem the specified component of MMDA deposits
of individuals, partnerships, and corporations reported in Schedule RC-E, item 1, column C,
above. The sum of Memorandum items 7.a.(1) and 7.a.(2) must be less than or equal to
Schedule RC-E, Memorandum item 2.a.(1), above.

D

7.a

7.a.(1)

FFIEC 051

Total deposits in those MMDA deposit products intended primarily for individuals for
personal, household, or family use. Report the amount of deposits reported in
Schedule RC-E, item 1, column C, held in MMDAs intended, marketed, or presented to the
public primarily for individuals for personal, household, or family use. Exclude MMDAs in the
form of pooled funds and commercial products with sub-account structures, such as escrow
accounts, that are held for individuals but not eligible for consumer transacting, saving, or
investing.

RC-E-19
(9-19)

RC-E - DEPOSITS

FFIEC 051

RC-E - DEPOSITS

Memoranda
Caption and Instructions

7.a.(2)

Deposits in all other MMDAs of individuals, partnerships, and corporations. Report the
amount of all other MMDA deposits of individuals, partnerships, and corporations included in
Schedule RC-E, item 1, column C, that were not reported in Memorandum item 7.a.(1).

7.b

Other savings deposit accounts of individuals, partnerships, and corporations. Report
in the appropriate subitem the specified component of other savings deposits of individuals,
partnerships, and corporations reported in Schedule RC-E, item 1, column C, above. The
sum of Memorandum items 7.b.(1) and 7.b.(2) must be less than or equal to
Schedule RC-E, Memorandum item 2.a.(2), above.

7.b.(1)

Total deposits in those other savings deposit account deposit products intended
primarily for individuals for personal, household, or family use. Report the amount of
deposits reported in Schedule RC-E, item 1, column C, held in other savings deposit
accounts intended, marketed, or presented to the public primarily for individuals for personal,
household, or family use. Exclude other savings deposit accounts in the form of pooled funds
and commercial products with sub-account structures, such as escrow accounts, that are
held for individuals but not eligible for consumer transacting, saving, or investing.

7.b.(2)

Deposits in all other savings deposit accounts of individuals, partnerships, and
corporations. Report the amount of all other savings deposits of individuals, partnerships,
and corporations included in Schedule RC-E, item 1, column C, that were not reported in
Memorandum item 7.b.(1).

A

FT

Item No.

Examples – Calculating the Special Cap
(Note: Amounts shown are in thousands of dollars.)
Example 1 – Well capitalized but not well rated

R

As of March 31, 2019, an institution has $9,000,000 in liabilities and $180,000 in total reciprocal deposits,
is well capitalized (and has been well capitalized in every quarter for 10 years), but has a composite
supervisory rating of “3”. Therefore, the institution is subject to the special cap.
(1) Determine the most recent calendar quarter in which the institution was both well capitalized and
had a composite CAMELS rating of “1” or “2” at quarter-end.

D

The effective date of the composite CAMELS rating of not “1” or “2” was March 15, 2018, the day
the institution was notified in writing of a downgrade from CAMELS “2” to CAMELS “3”. Thus,
December 31, 2017, represents the most recent quarter-end that the bank was rated CAMELS
“1” or “2” and was well capitalized

(2) Calculate the average of the total amount of reciprocal deposits held by the institution on the last
day of the calendar quarter determined above (in the preceding bullet) and on each of the three
preceding calendar quarters.
To calculate the special cap, the institution must calculate the average amount of total reciprocal
deposits that it held as of the end of the four quarters ending December 31, 2017, September 30,
2017, June 30, 2017, and March 31, 2017. In this example, the institution received reciprocal
deposits as follows for the last quarter in which it was well capitalized and had a composite
CAMELS rating of “1” or “2”, and for the three prior quarters:

FFIEC 051

RC-E-20
(9-19)

RC-E - DEPOSITS

Caption and Instructions

6
(cont.)

insurance company, that pays either a fixed or variable payment stream over a specified
period of time. Both proprietary and private label mutual funds and annuities are established
in order to be marketed primarily to a bank's or banking organization's customers. A
proprietary product is a product for which the reporting bank or a subsidiary or other affiliate
of the reporting bank acts as investment adviser and may perform additional support
services. In a private label product, an unaffiliated entity acts as the investment adviser. The
identity of the investment adviser is normally disclosed in the prospectus for a mutual fund or
annuity. Mutual funds and annuities that are not proprietary or private label products are
considered third party products. For example, third party mutual funds and annuities include
products that are widely marketed by numerous parties to the investing public and have
investment advisers that are not affiliated with the reporting bank.

7

FT

Item No.

Assets under the reporting bank’s management in proprietary mutual funds and
annuities. Report the amount of assets (stated in U.S. dollars) held by mutual funds and
annuities as of the report date for which the reporting bank or a subsidiary of the bank acts as
investment adviser.
A general description of a proprietary product is included in the instruction to Schedule RC-M,
item 6, above. Proprietary mutual funds and annuities are typically created by large banking
organizations and offered to customers of the banking organization's subsidiary banks.
Therefore, small, independent banks do not normally act as investment advisers for mutual
funds and annuities.

A

If neither the bank nor any subsidiary of the bank acts as investment adviser for a mutual fund
or annuity, the bank should report a zero in this item.
NOTE: Schedule RC-M, items 8.a, 8.b, and 8.c, are to be completed semiannually in the June and
December reports only. If an institution has any changes in its Internet website addresses or physical trade
names in the first or third calendar quarter, the institution may, at its option, report its website addresses or
physical office trade names in the March or September report, respectively, rather than waiting to report this
information in the June or December report.
Internet Wweb-site addresses and physical office trade names. Because the Uniform
Resource Locators (URLs) of Internet Wweb-sites and the physical office trade names
reported in items 8.a, 8.b, and 8.c are publicly available, each institution should ensure that it
accurately reports its URLs and physical office trade names, if any. This information will
assist the FDIC in responding to public inquiries as to whether a particular Internet Wweb-site
or institution operating under a trade name that accepts or solicits deposits from the public is
in fact operated by an FDIC-insured depository institution. URLs of Internet Wweb-sites and
physical office trade names should not exceed 75 characters in length.

R

8

8.a

D

Examples of URLs are www.bank.com, www.isp.com/bank/, and bank.isp.com. When
entering the URL of an Internet Wweb-site in items 8.a and 8.b, the URL should not be
prefaced with http:// because this is already included on the form. Do not provide e-mail
addresses in the spaces for URLs of Internet Wweb-sites.

Uniform Resource Locator (URL) of the reporting institution’s primary Internet Wwebsite (home page), if any. The URL of an institution’s primary Internet Wweb-site is the URL
of the public-facing Wweb-site that the institution’s customers or potential customers enter into
Internet browser software in order to find the first page of the institution’s principal Wweb-site.
If the reporting institution has a primary Internet Wweb-site or home page, report in this item
the URL of this Wweb-site or home page (e.g., www.examplebank.com). If the reporting
institution does not have its own Wweb-site or home page, but information on or functions of
the institution can be accessed through the URL of an affiliate’s Wweb-site, the URL of that
affiliate’s primary Wweb-site should be reported in this item.

Item No.

Caption and Instructions

8.a
(cont.)

An institution that maintains more than one Wweb-site that prominently displays the
institution’s legal title should report the URL of the institution’s primary Internet Wweb-site in
this item and determine whether it should report the URLs of these other Wweb-sites in
Schedule RC-M, item 8.b, below.
If an institution has no Wweb-site or home page of its own and the institution cannot be
accessed through the URL of an affiliate’s Wweb-site, this item should be left blank.
URLs of all other public-facing Internet Wweb-sites that the reporting institution uses
to accept or solicit deposits from the public, if any. If the reporting institution:

FT

8.b

(1) Uses one or more trade names (other than its legal title) to accept or solicit deposits
from the public, and directly or indirectly operates one or more public-facing Internet
Wweb-sites – other than its primary Internet Wweb-site (home page) reported in
Schedule RC-M, item 8.a, above – to present such trade names to the public, or
(2) Uses any other public-facing Internet Wweb-sites prominently displaying the
institution’s legal title – other than its primary Internet Wweb-site (home page) – to
accept or solicit deposits from the public,

the institution should report the URLs of each of its other public-facing Wweb-sites that it
uses to accept or solicit deposits from the public in the text fields for items 8.b.(1) through 8.b.
(10) and, if necessary, in Schedule RI-E, item 7, “Other explanations.”

A

When reporting the URLs for public-facing Wweb-sites used to accept or solicit deposits,
report only the highest level URLs. For example, an institution with a legal title of XYZ Bank
reports in item 8.a that the URL of its primary Internet Wweb-site is www.xyzbank.com. The
institution also solicits deposits using the Wweb-site address www.safeandsoundbank.com
and provides more specific deposit information at “www.safeandsoundbank.com/checking”
and “www.safeandsoundbank.com/CDs.” Only the first of these three URLs
(i.e., “www.safeandsoundbank.com”) should be reported in this item.

R

When an institution uses multiple top level domains (e.g., .com, .net, and .biz), it should
separately report the URLs that are otherwise the same except for the top level domain
name. For example, if XYZ Bank also uses the Wweb-site address “www.xyzbank.biz” in the
solicitation of deposits, it should report this URL in this item.

D

However, if an institution uses one or more URLs that automatically redirect the public to the
institution’s primary Wweb-site or to another Wweb-site used to accept or solicit deposits that
is being reported in this item, the institution should not report these additional URLs. For
example, if XYZ Bank uses the URLs “www.xyzbank.net” and “www.safeandsoundbank.net”
to automatically redirect the public to “www.xyzbank.com” (reported in item 8.a as its primary
Wweb-site) and “www.safeandsoundbank.com” (reported in this item as the URL of another
Wweb-site the institution uses), respectively, it should not report the two redirecting URLs in
this item.
Do not report the URLs of:
(1) Public-facing Internet Wweb-sites operated by the reporting institution that do not accept or
solicit deposits from the public. For example, if XYZ Bank uses the Wweb-site address
“www.xyzautoloans.com” but does not accept or solicit deposits through this site, its URL
should not be reported in this item;

Item No.

Caption and Instructions

8.b
(cont.)

(2) Internet Wweb-sites of any non-bank affiliates or subsidiaries that do not accept or
solicit deposits from the public on behalf of the institution;
(3) Affiliated, separately chartered insured depository institutions;
(4) Foreign affiliates; and
(5) Third-party deposit listing services and deposit brokers.
Trade names other than the reporting institution’s legal title used to identify one or
more of the institution’s physical offices at which deposits are accepted or solicited
from the public, if any. An institution may use a trade name other than its legal title as
reflected in its charter to identify certain of its physical offices, for example, due to a merger
and an interest in maintaining the presence of the acquired institution’s well recognized name
in the community or communities it served.

FT

8.c

If the reporting institution operates one or more physical offices to conduct banking activities
and uses one or more trade names other than its legal title to identify these physical offices
(for example, via signage displayed on the facilities), the institution should report each trade
name used by one or more of its physical offices at which it accepts or solicits deposits
from the public in the text fields for items 8.c.(1) through 8.c.(6) and, if necessary, in
Schedule RI-E, item 7, “Other explanations.” Do not report the trade names used by any
physical offices of the reporting institution at which the institution does not accept or solicit
deposits from the public. In addition, do not report the physical office trade names of any
non-bank affiliates or subsidiaries that do not accept or solicit deposits from the public on
behalf of the institution. Do not report the physical office trade names of affiliated, separately
chartered insured depository institutions.

R

A

For example, an institution with a legal title of XYZ Bank operates one or more branch offices
under the trade name of “Community Bank of ABC” (as identified by the signage displayed on
each facility) where it accepts and solicits deposits from the public. XYZ Bank should report
this trade name (and any other trade names it uses at other physical office locations where it
accepts or solicits deposits) in this item 8.c. XYZ Bank also has a loan production office that
operates under the trade name of “XYZ Consumer Loans” and a mortgage lending subsidiary
that operates physical offices using the trade name of “XYZ Mortgage Company”; deposits
are not accepted nor solicited on behalf of XYZ Bank at these physical offices. Thus, neither
of these two trade names should be reported in this item 8.c.

NOTE: Schedule RC-M, item 9, is to be completed annually in the December report only.
Do any of the bank’s Internet Wweb-sites have transactional capability, i.e., allow the
bank’s customers to execute transactions on their accounts through the Wweb-site?
Indicate whether any of the reporting bank’s Internet Wweb-sites have transactional
capability. Place an “X” in the box marked “Yes” if the bank or a bank affiliate has any
Internet Wweb-sites that allow the bank’s customers to execute transactions on their accounts
through the Wweb-site. Otherwise, place an “X” in the box marked “No.”

D

9

The Internet Web address of the Wweb-site (or sites) with transactional capability does not
have to be the address of the bank’s primary Internet Wweb-site that is reported in Schedule
RC-M, item 8, above.

10

Secured liabilities. Report in the appropriate subitem the carrying amount of federal funds
purchased and “Other borrowings” that are secured, i.e., the carrying amount of these types
of liabilities for which the bank (or a consolidated subsidiary) has pledged securities, loans, or
other assets as collateral.

Memoranda
Item No.

Caption and Instructions

NOTE: Schedule RC-N, Memorandum items 1.a.(1) through 1.f.(5), are to be completed semiannually in the
June and December reports only. Memorandum item 1.g is to be completed quarterly.
Loans restructured in troubled debt restructurings included in Schedule RC-N, items 1
through 7, above. Report in the appropriate subitem and column loans that have been
restructured in troubled debt restructurings (as described in “Definitions” above) and are past
due 30 days or more or are in nonaccrual status as of the report date. Such loans will have
been included in one or more of the loan categories in items 1 through 7 of this schedule.
Exclude all loans restructured in troubled debt restructurings that are in compliance with their
modified terms (report in Schedule RC-C, Part I, Memorandum item 1),

FT

1

For further information, see the Glossary entry for "troubled debt restructurings."
1.a

Construction, land development, and other land loans:

1-4 family construction loans. Report in the appropriate column all loans secured by real
estate for the purpose of constructing 1-4 family residential properties included in item 1.a.(1)
of this schedule that have been restructured in troubled debt restructurings and, under their
modified repayment terms, are past due 30 days or more or are in nonaccrual status as of the
report date.

1.a.(2)

Other construction loans and all land development and other land loans. Report in the
appropriate column all construction loans for purposes other than constructing 1-4 family
residential properties, all land development loans, and all other land loans included in
item 1.a.(2) of this schedule that have been restructured in troubled debt restructurings and,
under their modified repayment terms, are past due 30 days or more or are in nonaccrual
status as of the report date.
Loans secured by 1-4 family residential properties. Report in the appropriate column all
loans secured by 1-4 family residential properties included in item 1.c of this schedule that
have been restructured in troubled debt restructurings and, under their modified repayment
terms, are past due 30 days or more or are in nonaccrual status as of the report date.

R

1.b

A

1.a.(1)

Loans secured by multifamily (5 or more) residential properties. Report in the
appropriate column all loans secured by multifamily (5 or more) residential properties included
in item 1.d of this schedule that have been restructured in troubled debt restructurings and,
under their modified repayment terms, are past due 30 days or more or are in nonaccrual
status as of the report date.

1.d

Secured by nonfarm nonresidential properties:

D

1.c

1.d.(1)

Loans secured by owner-occupied nonfarm nonresidential properties. Report in the
appropriate column all loans secured by owner-occupied nonfarm nonresidential properties
included in item 1.e.(1) of this schedule that have been restructured in troubled debt
restructurings and, under their modified repayment terms, are past due 30 days or more or are
in nonaccrual status as of the report date.

1.d.(2)

Loans secured by other nonfarm nonresidential properties. Report in the appropriate
column all nonfarm nonresidential real estate loans not secured by owner-occupied nonfarm
nonresidential properties included in item 1.e.(2) of this schedule that have been restructured
in troubled debt restructurings and, under their modified repayment terms, are past due 30
days or more or are in nonaccrual status as of the report date.

(9-19)

Memoranda
Item No.

Caption and Instructions
Commercial and industrial loans. Report all commercial and industrial loans included in
item 4 of this schedule that have been restructured in troubled debt restructurings and, under
their modified repayment terms, are past due 30 days or more or are in nonaccrual status as
of the report date.

1.f

All other loans. Report in the appropriate column all other loans that cannot properly be
reported in Schedule RC-N, Memorandum items 1.a through 1.e, above that have been
restructured in troubled debt restructurings and, under their modified repayment terms, are
past due 30 days or more or are in nonaccrual status as of the report date. Include in the
appropriate column of this item all loans in the following categories that have been
restructured in troubled debt restructurings and, under their modified repayment terms, are
past due 30 days or more or are in nonaccrual status as of the report date:

FT

1.e

(1) Loans secured by farmland included in Schedule RC-N, item 1.b;

(2) Loans to depository institutions and acceptances of other banks included in
Schedule RC-N, item 2;
(3) Consumer credit cards included in Schedule RC-N, item 5.a;

(4) Consumer automobile loans included in Schedule RC-N, item 5.b;

A

(5) Other consumer loans included in Schedule RC-N, items 5.c; and

R

(6) All other loans included in Schedule RC-N, item 7, including:
(a) loans to finance agricultural production and other loans to farmers included in
Schedule RC-C, Part I, item 3;
(b) obligations (other than securities and leases) of states and political subdivisions in
the U.S. included in Schedule RC-C, Part I, item 8;
(c) loans to nondepository financial institutions included in Schedule RC-C, Part I,
item 9.a; and
(d) other loans included in Schedule RC-C, Part I, item 9.b.

D

For loans in the following loan categories within “All other loans” that have been restructured
in troubled debt restructurings and, under their modified repayment terms, are past due 30
days or more or are in nonaccrual status as of the report date, report the amount of such
restructured loans in the appropriate subitem of Schedule RC-N, Memorandum item 1.f, if the
dollar amount of such restructured loans in that loan category exceeds 10 percent of total
loans restructured in troubled debt restructurings that are in compliance with their modified
terms (i.e., 10 percent of the sum of Schedule RC-N, Memorandum items 1.a through 1.f):
• Memorandum item 1.f.(1), “Loans secured by farmland”;
• Memorandum item 1.f.(4)(a), Consumer “Credit cards”;
• Memorandum item 1.f.(4)(b), Consumer “Automobile loans”;
• Memorandum item 1.f.(4)(c), “Other” consumer loans; and
Memorandum item 1.f.(5), “Loans to finance agricultural production and other loans to
farmers,” for banks with $300 million or more in total assets and banks with less than
$300 million in total assets that have loans to finance agricultural production and other
loans to farmers (Schedule RC-C, Part I, item 3) exceeding five percent of total loans and
leases held for investment and held for sale (Schedule RC-C, Part I, item 12).

Memoranda
Item No.

Caption and Instructions
Total loans restructured in troubled debt restructurings included in Schedule RC-N,
items 1 through 7, above. In the reports for March and September, report in columns A, B,
and C, the total amount of loans restructured in troubled debt restructurings that are included
in Schedule RC-N, items 1 through 7, columns A, B, and C, above, respectively. In the
reports for June and December, Ffor columns A through C, report the sum of Memorandum
items 1.a.(1) through 1.f. Exclude amounts reported in Memorandum items 1.f.(1) through 1.f.
(5) when calculating the total in this Memorandum item 1.g.

2

Loans to finance commercial real estate, construction, and land development activities
included in Schedule RC-N, items 4 and 7, above. Report in the appropriate column the
amount of loans to finance commercial real estate, construction, and land development
activities not secured by real estate included in Schedule RC-C, part I, Memorandum item
3, that are past due 30 days or more or are in nonaccrual status as of the report date. Such
loans will have been included in items 4 and 7 of Schedule RC-N above. Exclude from this
item all loans secured by real estate included in item 1 of Schedule RC-N above.

FT

1.g

4

A

3
Not applicable.
NOTE: Memorandum item 4 is to be completed by:
• banks with $300 million or more in total assets, and
• banks with less than $300 million in total assets that have loans to finance agricultural
production and other loans to farmers, as defined for Schedule RC-C, Part I, item 3,
exceeding five percent of total loans and leases held for investment and held for sale
(Schedule RC-C, Part I, item 12).

Loans to finance agricultural production and other loans to farmers. Report in the
appropriate column the amount of all loans to finance agricultural production and other loans
to farmers included in Schedule RC-C, Part I, item 3, that are past due 30 days or more or
are in nonaccrual status as of the report date. Such loans will have been included in
Schedule RC-N, item 7, above.

NOTE: Memorandum item 5 is to be completed semiannually in the June and December reports only.
Loans and leases held for sale. Report in the appropriate column the carrying amount of
all loans and leases classified as held for sale included in Schedule RC, item 4.a, whether
measured at the lower of cost or fair value or at fair value under a fair value option, that are
past due 30 days or more or are in nonaccrual status as of the report date. Such loans and
leases will have been included in one or more of the loan and lease categories in items 1
through 8 of Schedule RC-N above and would, therefore, exclude any loans classified as
trading assets and included in Schedule RC, item 5.

R

5

Not applicable.

D

6

NOTE: Memorandum items 7 and 8 are to be reported semiannually in the June and December reports
only.
7

Additions to nonaccrual assets during the previous six months. Report the aggregate
amount of all loans, leases, debt securities, and other assets (net of unearned income) that
have been placed in nonaccrual status during the six months ending on the semiannual
(i.e., June 30 or December 31) report date for this item. Include those assets placed in
nonaccrual status during this six month period that are included as of the current report date
in Schedule RC-N, column C, items 1 through 8 and 10. Also include those assets placed in
nonaccrual status during this six month period that, before the current semiannual report date
for this item, have been sold, paid off, charged-off, settled through foreclosure or concession
of collateral (or any other disposition of the nonaccrual asset) or have been returned to
accrual status. In other words, the aggregate amount of assets placed in nonaccrual status
since the prior semiannual report date that should be reported in this item should not be
reduced, for example, by any charge-offs or sales of such nonaccrual assets. If a given asset

SCHEDULE RC-O – OTHER DATA FOR DEPOSIT INSURANCE AND
FICO ASSESSMENTS
General Instructions
Each FDIC-insured depository institution that files the FFIEC 051 must complete Schedule RC-O each
quarter on an “unconsolidated single FDIC certificate number basis,” unless otherwise indicated below.

Item Instructions

A

Caption and Instructions
Total deposit liabilities before exclusions (gross) as defined in Section 3(l) of the
Federal Deposit Insurance Act and FDIC regulations. Report on an unconsolidated single
FDIC certificate number basis the gross total deposit liabilities as of the calendar quarter-end
report date that meet the statutory definition of deposits in Section 3(l) of the Federal Deposit
Insurance Act before deducting allowable exclusions from total deposits. An institution’s
gross total deposit liabilities are the combination of:
•
•
•
•

All deposits reported in Schedule RC, item 13.a;
Interest accrued and unpaid on deposits reported in Schedule RC-G, item 1.a;
Uninvested trust funds held in the institution’s own trust department;
Deposits of consolidated subsidiaries (except any consolidated subsidiary that is an
FDIC-insured institution) and the interest accrued and unpaid on such deposits;
The amount by which demand deposits reported in Schedule RC, item 13.a, have been
reduced from the netting of the reporting institution’s reciprocal demand balances with
foreign banks and foreign offices of other U.S. banks (other than insured branches in
Puerto Rico and U.S. territories and possessions); and
The amount by which any other deposit liabilities reported in Schedule RC, item 13.a,
have been reduced by assets netted against these liabilities in accordance with generally
accepted accounting principles;
Less the amount of unamortized premiums included in the amount of deposit liabilities
reported in Schedule RC, item 13.a;
Plus the amount of unamortized discounts reflected in the amount of deposit liabilities
reported in Schedule RC, item 13.a;

R

Item No.
1

FT

Each separately chartered depository institution that is insured by the FDIC has a unique FDIC certificate
number. When one FDIC-insured institution that files the FFIEC 051 owns another FDIC-insured
institution as a subsidiary, the parent institution should complete items 1 through 11 (except item 9.a) and
Memorandum items 1, 2 (if applicable), and 3 of Schedule RC-O by accounting for the insured institution
subsidiary under the equity method of accounting instead of consolidating it, i.e., on an “unconsolidated
single FDIC certificate number basis.” Thus, each FDIC-insured institution should report only its own
amounts in items 1 through 11 (except item 9.a) and Memorandum items 1, 2 (if applicable), and 3 of
Schedule RC-O under its own FDIC certificate number without eliminating the parent and subsidiary
institutions’ intercompany balances. (However, an FDIC-insured institution that owns another FDICinsured institution should complete item 9.a by consolidating its subsidiary institution.) In contrast, when
an FDIC-insured institution has entities other than FDIC-insured institutions that must be consolidated for
purposes of Schedule RC, Balance Sheet, the parent institution should complete items 1 through 11 and
Memorandum items 1, 2 (if applicable), and 3 of Schedule RC-O on a consolidated basis with respect to
these other entities.

•

D

•
•
•

FFIEC 051

RC-O - ASSESSMENTS

Memoranda
Item No.

Caption and Instruction

1.d.(2)

Number of retirement deposit accounts of more than $250,000. Report on an
unconsolidated single FDIC certificate number basis the total number of retirement deposit
accounts (demand, savings, and time) with a balance on the report date of more than
$250,000. Count each certificate, passbook, account, and other evidence of deposit which
has a balance of more than $250,000.

NOTE: Schedule RC-O, Memorandum item 2, is to be completed on an unconsolidated single
FDIC certificate number basis by banks with $1 billion or more in total assets.1
Estimated amount of uninsured deposits including related interest accrued and
unpaid.

FT

2

Report on an unconsolidated single FDIC certificate number basis the estimated amount of the
bank's deposits that is not covered by federal deposit insurance. This estimate should reflect
the deposit insurance limits of $250,000 for “retirement deposit accounts” (as defined in
Schedule RC-O, Memorandum item 1) and $250,000 for other deposit accounts. The
reporting of this uninsured deposit information is mandated by Section 7(a)(9) of the Federal
Deposit Insurance Act.

A

The estimated amount of uninsured deposits reported in this item should be based on the
bank’s deposits included in Schedule RC-O, item 1, “Total deposit liabilities before exclusions
(gross) as defined in Section 3(l) of the Federal Deposit Insurance Act and FDIC regulations,”
less item 2, “Total allowable exclusions, including interest accrued and unpaid on allowable
exclusions.” In addition to the uninsured portion of deposits in
“domestic offices” reported in Schedule RC, item 13.a, the estimate of uninsured deposits
should take into account all other items included in Schedule RC-O, item 1 less item 2,
including, but not limited to:

R

x Interest accrued and unpaid on deposits;
x Deposits of consolidated subsidiaries (including interest accrued and unpaid on
these deposits); and
x Deposit liabilities that have been reduced by assets netted against these liabilities in
accordance with generally accepted accounting principles.
The bank's estimate of its uninsured deposits should be reported in accordance with the
following criteria. In this regard, it is recognized that a bank may have multiple automated
information systems for different types of deposits and that the capabilities of a bank’s
information systems to provide an estimate of its uninsured deposits will differ from bank
to bank at any point in time and, within an individual institution, may improve over time.

D

(1) If the bank has brokered deposits, which must be reported in Schedule RC-E,
Memorandum item 1.b, "Total brokered deposits," it must use the information it has
developed for completing Schedule RC-E, Memorandum item 1.c, "Brokered deposits of
$250,000 or less (fully insured brokered deposits)," to determine its best estimate of the
uninsured portion of its brokered deposits.

(2) If the bank has deposit accounts whose ownership is based on a fiduciary relationship,
Part 330 of the FDIC's regulations generally states that the titling of the deposit account
(together with the underlying records) must indicate the existence of the fiduciary relationship
in order for insurance coverage to be available on a "pass-through" basis. Fiduciary
relationships include, but are not limited to, relationships involving a trustee, agent, nominee,
guardian, executor, or custodian.

1In general, the determination as to whether an institution has $1 billion or more in total assets is measured as of
June 30 of the previous calendar year. See pages 7 and 8 of the General Instructions for guidance on shifts in reporting status.

FFIEC 051

RC-O-15
(9-19)

RC-O - ASSESSMENTS

FFIEC 051

RC-O - ASSESSMENTS

Memoranda
Caption and Instruction

2
(cont.)

A bank with fiduciary deposit accounts with balances of more than $250,000 must
diligently use the available data on these deposit accounts, including data indicating the
existence of different principal and income beneficiaries and data indicating that some or
all of the funds on deposit represent retirement deposit accounts eligible for $250,000 in
deposit insurance coverage, to determine its best estimate of the uninsured portion of
these accounts.
(3)

If the bank has deposit accounts of employee benefit plans, Part 330 of the FDIC's
regulations states that these accounts are insured on a "pass-through" basis for the noncontingent interest of each plan participant provided that certain prescribed recordkeeping
requirements are met. A bank with employee benefit plan deposit accounts with balances
of more than $250,000 must diligently use the available data on these deposit accounts to
determine its best estimate of the uninsured portion of these accounts.

(4)

If the bank's deposit accounts include benefit-responsive "Depository Institution
Investment Contracts," which must be included in Schedule RC-O, item 2, these deposit
liabilities are not eligible for federal deposit insurance pursuant to Section 11(a)(8) of the
Federal Deposit Insurance Act. A bank with benefit-responsive "Depository Institution
Investment Contracts" must include the entire amount of these contracts in the estimated
amount of uninsured deposits it reports in this Memorandum item 2.

(5)

If the bank has deposit accounts with balances in excess of the federal deposit insurance
limit that it has collateralized by pledging assets, such as deposits of the
U.S. Government and of states and political subdivisions in the U.S. (which must be
reported in Schedule RC-E, items 2 and 3), the bank should make a reasonable estimate
of the portion of these deposits that is uninsured using the data available from its
information systems

A

FT

Item No.

If the bank has deposit accounts with balances in excess of the federal deposit insurance
limit for which it has acquired private deposit insurance to cover this excess amount, the
bank should make a reasonable estimate of the portion of these deposits that is not
insured by the FDIC using the data available from its information systems.

R

(6)

For all other deposit accounts, the bank should make a reasonable estimate of the portion
of these deposits that is uninsured using the data available from its information systems.
In developing this estimate, if the bank has automated information systems in place that
enable it to identify jointly owned accounts and estimate the deposit insurance coverage of
these deposits, the higher level of insurance afforded these joint accounts should be taken
into consideration. Similarly, if the bank has automated information systems in place that
enable it to classify accounts by deposit owner and/or ownership capacity, the bank should
incorporate this information into its estimate of the amount of uninsured deposits by
aggregating accounts held by the same deposit owner in the same ownership capacity
before applying the $250,000 insurance limit. Ownership capacities include, but are not
limited to, single ownership, joint ownership, business (excluding sole proprietorships),
revocable trusts, irrevocable trusts, and retirement accounts.

D

(7)

In the absence of automated information systems, a bank may use nonautomated
information such as paper files or less formal knowledge of its depositors if such information
provides reasonable estimates of appropriate portions of its uninsured deposits. A bank's
use of such nonautomated sources of information is considered appropriate unless errors
associated with the use of such sources would contribute significantly to an overall error in
the FDIC's estimate of the amount of insured and uninsured deposits in the banking system.

FFIEC 051

RC-O-16
(9-19)

RC-O - ASSESSMENTS

Part II. (cont.)
General Instructions for Schedule RC-R, Part II.
NOTE: Schedule RC-R, Part II, items 1 through 25, columns A through U, as applicable, are to be completed
semiannually in the June and December reports only. Items 26 through 31 are to be completed quarterly.

FT

The instructions for Schedule RC-R, Part II, items 1 through 22, provide general directions for the
allocation of bank balance sheet assets, credit equivalent amounts of derivatives and off-balance sheet
items, and unsettled transactions to the risk-weight categories in columns C through Q (and, for items 1
through 10 only, to the adjustments to the totals in Schedule RC-R, Part II, column A, to be reported in column
B) in the reports for June and December. In general, the aggregate amount allocated to each risk-weight
category is then multiplied by the risk weight associated with that category. The resulting risk-weighted values
from each of the risk categories are added together, and generally this sum is the bank's total risk-weighted
assets, which comprises the denominator of the risk-based capital ratios.

These instructions should provide sufficient guidance for most banks for risk-weighting their balance sheet
assets and credit equivalent amounts. However, these instructions do not address every type of exposure.
Banks should review the regulatory capital rules of their primary federal supervisory authority for the complete
description of capital requirements.
Exposure Amount Subject to Risk Weighting

In general, banks need to risk weight the exposure amount. The exposure amount is defined in §.2 of the
regulatory capital rules as follows:
1

(1) For the on-balance sheet component of an exposure, the bank’s carrying value of the exposure.
2

A

(2) For a security classified as AFS or HTM where the bank has made the AOCI opt-out election in
Schedule RC-R, Part I, item 3.a, the carrying value of the exposure (including net accrued but
3
uncollected interest and fees) less any net unrealized gains on the exposure plus any net unrealized
losses on the exposure included in AOCI.
(3) For AFS preferred stock classified as an equity security under GAAP where the bank has made the
AOCI opt-out election in Schedule RC-R, Part I, item 3.a, the carrying value less any net unrealized
gains that are reflected in such carrying value, but are excluded from the bank’s regulatory capital
components.
4

R

(4) For the off-balance sheet component of an exposure, the notional amount of the off-balance sheet
component multiplied by the appropriate credit conversion factor in §.33 of the regulatory capital rules.

(5) For an exposure that is an OTC derivative contract, the exposure amount determined under §.34 of
the regulatory capital rules.

D

(6) For an exposure that is a derivative contract that is a cleared transaction, the exposure amount
determined under §.35 of the regulatory capital rules.
1

Not including: (1) an available-for-sale (AFS) or held-to-maturity (HTM) security where the bank has made the
Accumulated Other Comprehensive Income (AOCI) opt-out election in Schedule RC-R, Part I, item 3.a, (2) an overthe-counter (OTC) derivative contract, (3) a repo-style transaction or an eligible margin loan for which the bank
determines the exposure amount under §.37 of the regulatory capital rules, (4) a cleared transaction, (5) a default
fund contribution, or (6) a securitization exposure.

2

Not including: (1) a securitization exposure, (2) an equity exposure, or (3) preferred stock classified as an equity
security under generally accepted accounting principles (GAAP).

3

Where the bank has made the AOCI opt-out election, accrued but uncollected interest and fees reported in
Schedule RC, item 11, “Other assets,” associated with AFS or (HTM) debt securities that are not securitization
exposures should be reported in Schedule RC-R, Part II, item 8, “All other assets.”

4

Not including: (1) an OTC derivative contract, (2) a repo-style transaction or an eligible margin loan for which the
bank calculates the exposure amount under §.37 of the regulatory capital rules, (3) a cleared transaction, (4) a default
fund contribution, or (5) a securitization exposure.

Part II. (cont.)
Item Instructions for Schedule RC-R, Part II.
Balance Sheet Asset Categories
Item No.

Caption and Instructions

NOTE: Schedule RC-R, Part II, items 1 through 8.b, columns A through S, as applicable, are to be
completed semiannually in the June and December reports only.
Cash and balances due from depository institutions. Report in column A the amount of
cash and balances due from depository institutions reported in Schedule RC, sum of
items 1.a and 1.b, excluding those balances due from depository institutions that qualify as
securitization exposures as defined in §.2 of the regulatory capital rules.

FT

1

The amount of those balances due from depository institutions reported in Schedule RC,
items 1.a and 1.b, that qualify as securitization exposures must be reported in
Schedule RC-R, Part II, item 9.d, column A.

In column C–0% risk weight, include:
o The amount of currency and coin reported in Schedule RC, item 1.a;
o Any balances due from Federal Reserve Banks reported in Schedule RC, item 1.b;
and
o The insured portions of deposits in FDIC-insured depository institutions and NCUAinsured credit unions reported in Schedule RC, items 1.a and 1.b.

•

In column G–20% risk weight, include:
o Any balances due from depository institutions and credit unions that are organized
under the laws of the United States or a U.S. state reported in Schedule RC,
items 1.a and 1.b, in excess of any applicable FDIC or NCUA deposit insurance limits
for deposit exposures or where the depository institutions are not insured by either
the FDIC or the NCUA;
o Any balances due from Federal Home Loan Banks reported in Schedule RC,
items 1.a and 1.b; and
o The amount of cash items in the process of collection reported in Schedule RC,
item 1.a.

R

A

•

In column I–100% risk weight, include all other amounts that are not reported in
columns C through H and J.

•

For balances due from foreign banks and foreign central banks that must be risk
weighted according to the Country Risk Classification (CRC) methodology, assign these
exposures to risk-weight categories based on the CRC methodology described in the
General Instructions for Schedule RC-R, Part II, in the instructions for the FFIEC 031 and
FFIEC 041 Call Reports.

D

•

If the reporting bank is the correspondent bank in a pass-through reserve balance
relationship, report in column C the amount of its own reserves as well as those reserve
balances actually passed through to a Federal Reserve Bank on behalf of its respondent
depository institutions.
If the reporting bank is the respondent bank in a pass-through reserve balance relationship,
report in column C the amount of the bank's reserve balances due from its correspondent
bank that its correspondent has actually passed through to a Federal Reserve Bank on the
reporting bank's behalf, i.e., for purposes of this item, treat these balances as balances due
from a Federal Reserve Bank. This risk-based capital treatment differs from the required
reporting described in the Glossary entry for “pass-through reserve balances," which, for
legal and supervisory purposes, treats pass-through reserve balances held by a bank's

Part II. (cont.)
Item No.

Caption and Instructions

8
(cont.)

the reporting of default fund contributions to central counterparties in columns R and S,
refer to the instructions for Schedule RC-R, Part II, item 8, in the instructions for the
FFIEC 031 and FFIEC 041 Call Reports.
For the portions of those exposures described above in the instructions for
Schedule RC-R, Part II, item 8, that are exposures to sovereigns or foreign banks
reported in Schedule RC, items 6 through 11, that must be risk-weighted according to the
Country Risk Classification (CRC) methodology, assign these exposures to risk-weight
categories based on the CRC methodology described in the General Instructions for
Schedule RC-R, Part II, and the instructions for Schedule RC-R, Part, II, item 8, in the
instructions for the FFIEC 031 and FFIEC 041 Call Reports.

FT

•

NOTE: Schedule RC-R, Part II, items 9.a through 10, columns A, B, Q, T, and U, are to be completed
semiannually in the June and December reports only.
9

On-balance sheet securitization exposures. When determining the amount of riskweighted assets for securitization exposures, banks that are not subject to the market risk
capital rule may elect to use either the Simplified Supervisory Formula Approach (SSFA) or
the Gross-Up Approach, as described above and in §.41 to §.45 of the regulatory capital
rules. However, such banks must use the SSFA or Gross-Up Approach consistently across
all securitization exposures (items 9.a through 10), but banks may risk weight any individual
securitization exposure at 1,250 percent in lieu of applying the SSFA or Gross-Up Approach
to that individual exposure.

For further information, refer to the discussion of “Risk-Weighted Assets for Securitization
Exposures” in the General Instructions for Schedule RC-R, Part II.

Held-to-maturity securities. Report in column A the amount of held-to-maturity (HTM)
securities reported in Schedule RC, item 2.a, that qualify as securitization exposures as
defined in §.2 of the regulatory capital rules. Refer to the instructions for Schedule RC-R,
Part II, item 2.a, for a summary of the reporting locations of HTM securitization exposures.

R

9.a

A

Banks subject to the market risk capital rule must use the SSFA when determining the
amount of risk-weighted assets for securitization exposures.

D

Exposure amount to be used for purposes of risk weighting – bank has not made the
Accumulated Other Comprehensive Income (AOCI) opt-out election in Schedule RC-R,
Part I, item 3.a:
For a security classified as HTM where the bank has not made the AOCI opt-out election
(i.e., most AOCI is included in regulatory capital), the exposure amount to be risk weighted by
the bank is the carrying value of the security, which is the value of the asset reported on the
balance sheet of the bank determined in accordance with GAAP and in column A.
Exposure amount to be used for purposes of risk weighting – bank has made the AOCI
opt-out election in Schedule RC-R, Part I, item 3.a:
For a security classified as HTM where the bank has made the AOCI opt-out election (i.e.,
most AOCI is not included in regulatory capital), the exposure amount to be risk weighted by
the bank is the carrying value of the security reported on the balance sheet of the bank and in
column A, less any unrealized gain on the exposure or plus any unrealized loss on the
exposure included in AOCI.
If an HTM securitization exposure will be risk weighted using either the Simplified Supervisory
Formula Approach (SSFA) or the Gross-Up Approach, include as part of the exposure
amount to be risk weighted in this item any accrued interest receivable on the HTM security
that is reported in Schedule RC, item 11, “Other assets,” and included in Schedule RC-R,
Part II, item 9.d, columns A and B. Do not report this accrued interest receivable in column A
or B of this item.

Part II. (cont.)
Caption and Instructions

10
(cont.)

this item and the exposure amount for those off-balance sheet items that qualify as
securitization exposures and will be risk weighted by applying the 1,250 percent risk
weight.
•

In column Q, report the exposure amount of those off-balance sheet securitization
exposures that are assigned a 1,250 percent risk weight (i.e., those off-balance sheet
securitization exposures for which the risk-weighted asset amount is not calculated using
the SSFA or the Gross-Up Approach).

•

In column T, report the risk-weighted asset amount (not the exposure amount) of those
off-balance sheet securitization exposures for which the risk-weighted asset amount is
calculated using the SSFA, as described above in the General Instructions for
Schedule RC-R, Part II, and in §.41 to §.45 of the regulatory capital rules.

•

In column U, report the risk-weighted asset amount (not the exposure amount) of those
off-balance sheet securitization exposures for which the risk-weighted asset amount is
calculated using the Gross-Up Approach, as described above in the General Instructions
for Schedule RC-R, Part II, and in §.41 to §.45 of the regulatory capital rules.

FT

Item No.

NOTE: Schedule RC-R, Part II, item 11, columns A through R, are to be completed semiannually in
the June and December reports only.

A

Total assets. For columns A through R, report the sum of items 1 through 9. The sum of
columns B through R must equal column A. Schedule RC-R, Part II, item 11, column A, must
equal Schedule RC, item 12, “Total assets.”

D

R

11

Part II. (cont.)
Derivatives, Off-Balance Sheet Items, and Other Items Subject to Risk Weighting (Excluding
Securitization Exposures)
Treatment of Derivatives and Off-Balance Sheet Items that are Securitization Exposures – Any
derivatives or off-balance sheet items reported in Schedule RC-L or Schedule SU that qualify as
securitization exposures, including liquidity facilities to asset-backed commercial paper programs, are to
be reported in Schedule RC-R, Part II, item 10, column A, and excluded from Schedule RC-R, Part II,
items 12 through 21 below.

FT

Repo-style Transactions – The regulatory capital rules permit some repo-style transactions to be risk
weighted on a netting set basis. Where netting is permitted, a bank will combine both on-balance and
off-balance sheet repo-style transactions in order to determine a capital requirement for a netting set to
a single counterparty. In such cases, a bank should combine securities purchased under agreements to
resell (i.e., reverse repos) and securities sold under agreements to repurchase (i.e., repos) with
off-balance sheet repo-style transactions (i.e., securities borrowing and securities lending transactions)
in Schedule RC-R, Part II, item 16, and report the netting set exposure to each counterparty under the
appropriate risk weight column.

Credit Conversion Factors for Off-Balance Sheet Items – A summary of the credit conversion factors
(CCFs) by which the exposure amount of off-balance sheet items are to be multiplied follows. For further
information on these factors, refer to the regulatory capital rules.
Off-balance sheet items subject to a zero percent CCF:
(1) Unused portions of commitments that are unconditionally cancelable at any time by the bank.

A

Off-balance sheet items subject to a 20 percent CCF:
(1) Commercial and similar letters of credit with an original maturity of one year or less, including shortterm, self-liquidating, trade-related contingent items that arise from the movement of goods.
(2) Commitments with an original maturity of one year or less that are not unconditionally cancelable.

R

Off-balance sheet items subject to a 50 percent CCF:
(1) Transaction-related contingent items, including performance standby letters of credit, bid bonds,
performance bonds, and warranties.
(2) Commercial and similar letters of credit with an original maturity exceeding one year.
(3) Commitments with an original maturity exceeding one year that are not unconditionally cancelable by
the bank, including underwriting commitments and commercial credit lines.

D

Off-balance sheet items subject to a 100 CCF:
(1) Financial standby letters of credit.
(2) Repo-style transactions, including off-balance sheet securities lending transactions, off-balance sheet
securities borrowing transactions, securities purchased under agreements to resell, and securities
sold under agreements to repurchase.
(3) Guarantees, certain credit-enhancing representations and warranties, and forward agreements.
Item No.

Caption and Instructions

NOTE: Schedule RC-R, Part II, items 12 through 22, columns A through S, are to be
completed semiannually in the June and December reports only.
12

Financial standby letters of credit. For financial standby letters of credit reported in
Schedule RC-L, item 2, that do not meet the definition of a securitization exposure as
described in §.2 of the regulatory capital rules, but are credit enhancements for assets, report
in column A:

Part II. (cont.)
Item No.

Caption and Instructions

Totals
NOTE: Schedule RC-R, Part II, items 23 and 25, columns C through Q, as applicable, are to
be completed semiannually in the June and December reports only. Items 26 through 31 are to
be completed quarterly.
Total assets, derivatives, off-balance sheet items, and other items subject to risk
weighting by risk weight category. For each of columns C through P, report the sum of
items 11 through 22. For column Q, report the sum of items 10 through 22.

24

Risk weight factor.

25

Risk-weighted assets by risk weight category. For each of columns C through Q, multiply
the amount in item 23 by the risk weight factor specified for that column in item 24.

26

Risk-weighted assets base for purposes of calculating the allowance for loan and
lease losses 1.25 percent threshold. In the reports for March and September, report the
amount of the risk-weighted assets base for purposes of calculating the allowance for loan
and lease losses 1.25 percent threshold. In the reports for June and December, rReport the
sum of:
• Schedule RC-R, Part II:
o Items 2.b through 20, column S,
o Items 9.a, 9.b, 9.c, 9.d, and 10, columns T and U, and
o Item 25, columns C through Q
• Schedule RC-R, Part I:
o The portion of item 10.b composed of “Investments in the institution’s own shares
to the extent not excluded as part of treasury stock,”
o The portion of item 10.b composed of “Reciprocal cross-holdings in the capital of
financial institutions in the form of common stock,”
o Items 11 and 13 through 16,
o Item 24, excluding the portion of item 24 composed of tier 2 capital deductions
reported in Part I, item 33, for which the institution does not have a sufficient
amount of tier 2 capital before deductions reported in Part I, item 32, to absorb
these deductions, and
o Item 33.

R

A

FT

23

For institutions that have adopted the current expected credit losses methodology (CECL),
the risk-weighted assets base reported in this item 26 is for purposes of calculating the
adjusted allowances for credit losses (AACL) 1.25 percent threshold.

D

NOTE: Item 27 is applicable only to banks that are subject to the market risk capital rule.
27

Standardized market risk-weighted assets. Report the amount of the bank's standardized
market risk-weighted assets. This item is applicable only to those banks covered by
Subpart F of the regulatory capital rules (i.e., the market risk capital rule), as provided in
§.201 of the regulatory capital rules and in the discussion of “Banks That Are Subject to the
Market Risk Capital Rule” in the General Instructions for Schedule RC-R, Part II.

A bank’s measure for market risk for its covered positions is the sum of its value-at-risk
(VaR)-based, stressed VaR-based, incremental risk, and comprehensive risk capital
requirements plus its specific risk add-ons and any capital requirement for de minimis
exposures. A bank's standardized market risk-weighted assets equal its measure for market
risk multiplied by 12.5 (the reciprocal of the minimum 8.0 percent capital ratio).
For further information on the meaning of the term “covered position,” refer to the discussion
of “Banks That Are Subject to the Market Risk Capital Rule” in the General Instructions for
Schedule RC-R, Part II.

Part II. (cont.)
Item No.
28

Caption and Instructions
Risk-weighted assets before deductions for excess allowance for loan and lease losses
and allocated transfer risk reserve. In the reports for March and September, report the
amount of risk-weighted assets before deductions for excess allowance for loan and lease
losses and allocated transfer risk reserve. In the reports for June and December, rReport the
sum of items 2.b through 20, column S; items 9.a, 9.b, 9.c, 9.d, and 10, columns T and U;
item 25, columns C through Q; and, if applicable, item 27. (Item 27 is applicable only to
banks that are subject to the market risk capital rule.)

D

R

A

FT

For institutions that have adopted the current expected credit losses methodology (CECL), the
risk-weighted assets reported in this item 28 represents the amount of risk-weighted assets
before deductions for excess adjusted allowances for credit losses (AACL) and allocated
transfer risk reserve.

Part II. (cont.)
Memoranda
Item No.

Caption and Instructions

NOTE: Schedule RC-R, Part II, Memorandum items 1 through 3.g, are to be completed semiannually in the
June and December reports only.
Current credit exposure across all derivative contracts covered by the regulatory
capital rules. Report the total current credit exposure amount after considering applicable
legally enforceable bilateral netting agreements for all interest rate, foreign exchange rate,
gold, credit (investment grade reference assets), credit (non-investment grade reference
assets), equity, precious metals (except gold), and other derivative contracts that are overthe-counter derivative contracts (as defined in §.2 of the regulatory capital rules) or derivative
contracts that are cleared transactions (as described in §.2 of the regulatory capital rules) and
are covered by §.34 and §.35 of the regulatory capital rules, respectively. Banks that are
subject to the market risk capital rule should exclude all covered positions subject to that rule,
28
except for foreign exchange derivatives that are outside of the trading account. Foreign
exchange derivatives that are outside of the trading account and all over-the-counter
derivatives continue to have a counterparty credit risk capital charge and, therefore, a current
credit exposure amount for these derivatives should be reported in this item.

FT

1

A

Include the current credit exposure arising from credit derivative contracts where the bank is
the protection purchaser (beneficiary) and the credit derivative contract is either (a) defined
as a covered position under the market risk capital rule or (b) not defined as a covered
position under the market risk capital rule and not recognized as a guarantee for regulatory
capital purposes.

As discussed further below, current credit exposure (sometimes referred to as the
replacement cost) is the fair value of a derivative contract when that fair value is positive.
The current credit exposure is zero when the fair value is negative or zero.

R

Exclude the positive fair value of derivative contracts that are neither over-the-counter
derivative contracts nor derivative contracts that are cleared transactions under §.2 of the
regulatory capital rules. Such derivative contracts include written option contracts, including
so-called “derivative loan commitments,” i.e., a lender’s commitment to originate a mortgage
loan that will be held for resale. Written option contracts that are, in substance, financial
guarantees, are discussed below. For “derivative loan commitments,” which are reported as
over-the-counter written option contracts in Schedule RC-L, if the fair value of such a
commitment is positive and reported as an asset in Schedule RC, item 11, this positive fair
value should be reported in the appropriate risk-weight category in Schedule RC-R, Part II,
item 8, and not as a component of the current credit exposure to be reported in this item.

D

Purchased options held by the reporting bank that are traded on an exchange are covered by
the regulatory capital rules unless such options are subject to a daily variation margin.
Variation margin is defined as the gain or loss on open positions, calculated by marking to
market at the end of each trading day. Such gain or loss is credited or debited by the
clearing house to each clearing member's account, and by members to their customers'
accounts.

If a written option contract acts as a financial guarantee that does not meet the definition of a
securitization exposure as described in §.2 of the regulatory capital rules, then for risk-based
capital purposes the notional amount of the option should be included in Schedule RC-R,
Part II, item 17, column A, as part of "All other off-balance sheet liabilities." An example of

28

For further information on the market risk capital rule and the meaning of the term “covered position,” refer to
the discussion of “Banks That Are Subject to the Market Risk Capital Rule” in the General Instructions for
Schedule RC-R, Part II, in the instructions for the FFIEC 031 and FFIEC 041 Call Reports.

FFIEC 051

RC-R – REGULATORY CAPITAL

Part II. (cont.)
Memoranda
Caption and Instructions

2.f and
3.f

Precious metals (except gold). Report the remaining maturities of other precious
metals contracts that are subject to the regulatory capital rules. Report all silver, platinum,
and palladium contracts.

2.g and
3.g

Other. Report the remaining maturities of other derivative contracts that are subject to the
regulatory capital rules. For contracts with multiple exchanges of principal, notional amount
is determined by multiplying the contractual amount by the number of remaining payments
(i.e., exchanges of principal) in the derivative contract.

FT

Item No.

NOTE: Memorandum items 4.a through 4.c should be completed quarterly only by institutions that have
adopted FASB Accounting Standards Update No. 2016-13 (ASU 2016-13), which governs the
accounting for credit losses.

Amount of allowances for credit losses on purchased credit-deteriorated assets.
ASU 2016-13 introduces the concept of purchased credit-deteriorated (PCD) assets as a
replacement for purchased credit-impaired (PCI) assets. The PCD asset definition covers a
broader range of assets than the PCI asset definition. As defined in ASU 2016-13,
“purchased credit-deteriorated assets” are acquired individual financial assets (or acquired
groups of financial assets with similar risk characteristics) accounted for in accordance with
$6&7RSLF)LQDQFLDO,QVWUXPHQWV௅&UHGLW/RVVHVWKDt, as of the date of acquisition, have
experienced a more-than-insignificant deterioration in credit quality since origination, as
determined by the acquiring institution’s assessment.

A

4

R

ASU 2016-13 requires institutions to estimate and record a credit loss allowance for a PCD
asset at the time of purchase. The credit loss allowance is then added to the purchase price
to determine the amortized cost basis of the asset for financial reporting purposes.
Post-acquisition increases in credit loss allowances on PCD assets will be established
through a charge to earnings. This accounting treatment for PCD assets is different from the
current treatment of PCI assets, for which institutions are not permitted to estimate and
recognize credit loss allowances at the time of purchase. Rather, in general, credit loss
allowances for PCI assets are estimated subsequent to the purchase only if there is
deterioration in the expected cash flows from the assets.
Loans and leases held for investment. Report all allowances for credit losses on PCD
loans and leases held for investment.

4.b

Held-to-maturity debt securities. Report all allowances for credit losses on PCD held-tomaturity debt securities.

4.c

Other financial assets measured at amortized cost. Report all allowances for credit
losses on all other PCD financial assets, excluding PCD loans and leases held for
investment, held-to-maturity debt securities, and available-for-sale debt securities.

D

4.a

FFIEC 051

RC-R-113
(9-19)

RC-R – REGULATORY CAPITAL
46

SCHEDULE RC-T – FIDUCIARY AND RELATED SERVICES
General Instructions
This schedule should be completed on a fully consolidated basis, i.e., including any trust company
subsidiary (or subsidiaries) of the reporting institution.
Item No.

Caption and Instructions
Does the institution have fiduciary powers? Federally-chartered institutions granted trust
powers by the OCC to administer accounts in a fiduciary capacity should answer "Yes."
State-chartered institutions should answer "Yes" if (a) the state has granted trust powers to
the institution to offer fiduciary services as defined by the state and (b) the institution's federal
supervisory agency (the FDIC or the Federal Reserve) has granted consent to exercise the
trust powers (see Sections 333.2 and 333.101 of the FDIC's regulations and Federal Reserve
Regulation H). Institutions with trust company subsidiaries should also answer “Yes.”
Institutions responding "No" should not complete the remainder of this schedule. Fiduciary
capacity generally means trustee, executor, administrator, registrar of stocks and bonds,
transfer agent, guardian, assignee, receiver, custodian under a uniform gifts to minors act,
investment adviser (if the institution receives a fee for its investment advice), any capacity in
which the institution possesses investment discretion on behalf of another, or any other
similar capacity.

2

Does the institution exercise the fiduciary powers it has been granted? Institutions
exercising their fiduciary powers should respond "Yes." Exercising fiduciary powers means
that an institution, or a trust company subsidiary of the institution, serves in a fiduciary
capacity as defined in the instructions for item 1 of this schedule.

A

Does the institution have fiduciary or related activity (in the form of assets or
accounts) to report in this schedule? Institutions (including their trust company
subsidiaries) with fiduciary assets, accounts, income, or other reportable fiduciary related
services should respond "Yes." Institutions responding "No" should not complete the
remainder of this schedule.

Reportable fiduciary and related services include activities that do not require trust powers but
are incidental to fiduciary services. Specifically, this includes custodial services for assets
held by the institution in a fiduciary capacity. An institution should report custodial activities
that are offered through the fiduciary business unit or through another distinct business unit
that is devoted to institutional custodial services. Institutions should exclude those custodial
and escrow activities related to commercial bank services such as hold-in-custody repurchase
assets, escrow assets held for the benefit of third parties, safety deposit box assets, and any
other similar commercial arrangement.

R

3

FT

1

D

Institutions with fiduciary activities that are limited to only land trusts and/or custodial activity
for mortgage-backed securities (such as GNMA or FNMA) should respond "No."
If the answer to item 3 is "Yes," complete the applicable items of Schedule RC-T, as follows:
Institutions with total fiduciary assets (item 10, sum of columns A and B) greater than
$1250 mbillion (as of the preceding December 31) or with gross fiduciary and related services

Item No.
3
(cont.)

Caption and Instructions
income greater than 10 percent of revenue (net interest income plus noninterest income) for
the preceding calendar year must complete:
•
•
•
•

Items 4 through 22 quarterly;
Items 23 through 26 annually with the December report;
Memorandum item 3 quarterly; and
Memorandum items 1, 2, and 4 annually with the December report.

•
•
•
•

FT

Institutions with total fiduciary assets (item 10, sum of columns A and B) of greater than $250
million but less than or equal to $1 billion (as of the preceding December 31) that do not meet
the fiduciary income test for quarterly reporting must complete:
Items 4 through 22 semiannually with the June and December reports;
Items 23 through 26 annually with the December report;
Memorandum item 3 semiannually with the June and December reports; and
Memorandum items 1, 2, and 4 annually with the December report.

Institutions with total fiduciary assets (item 10, sum of columns A and B) of less than or equal
to $250 million (as of the preceding December 31) that do not meet the fiduciary income test
for quarterly reporting must complete:
•
•

Items 4 through 13 annually with the December report; and
Memorandum items 1 through 3 annually with the December report.

A

In addition, institutions with total fiduciary assets greater than $100 million but less than or
equal to $250 million (as of the preceding December 31) that do not meet the fiduciary
income test for quarterly reporting must also complete Memorandum item 4 annually with the
December report.

Fiduciary and Related Assets

R

Institutions should generally report fiduciary and related assets using their market value as of the report
date. While market value quotations are readily available for marketable securities, many financial and
physical assets held in fiduciary accounts are not widely traded or easily valued. If the methodology for
determining market values is not set or governed by applicable law (including the terms of the prevailing
fiduciary agreement), the institution may use any reasonable method to establish values for fiduciary and
related assets for purposes of reporting on this schedule. Reasonable methods include appraised values,
book values, or reliable estimates. Valuation methods should be consistent from reporting period to
reporting period. This "reasonable method" approach to reporting market values applies both to financial
assets that are not marketable and to physical assets. Common physical assets held in fiduciary
accounts include real estate, equipment, collectibles, and household goods.

D

Only those Individual Retirement Accounts, Keogh Plan accounts, Health Savings Accounts, and similar
accounts offered through a fiduciary business unit of the reporting institution should be reported in
Schedule RC-T. When such accounts are not offered through an institution’s fiduciary business unit, they
should not be reported in Schedule RC-T. Accounts that consist solely of deposits in the bank itself should
not be reported in Schedule RC-T.

If two institutions are named co-fiduciary in the governing instrument, both institutions should report the
account. In addition, where one institution contracts with another for fiduciary or related services
(i.e., Bank A provides custody services to the trust accounts of Bank B, or Bank A provides investment
management services to the trust accounts of Bank B), both institutions should report the accounts in
their respective capacities.


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