FFIEC 031 and 041 - Schedule RC-E- Deposit Liabilities General Instructions

FFIEC 031 and 041 RC-E - DEPOSITS

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SCHEDULE RC-E – DEPOSIT LIABILITIES

General Instructions

A complete discussion of deposits is included in the Glossary entry entitled "deposits." That discussion

addresses the following topics and types of deposits in detail:

(1) Federal Deposit Insurance Act definition of deposits

;

(2) transaction accounts;

(3) demand deposits;

(4) NOW accounts;

(5) ATS accounts;

(6) telephone or preauthorized transfer accounts;

(7) nontransaction accounts;

(8) savings deposits;

(9) money market deposit accounts;

(10) other savings deposits;

(11) time deposits;

(12) time certificates of deposit;

(13) time deposits, open account;

(14) interest-bearing deposit accounts; and

(15) noninterest-bearing deposit accounts.

Additional discussions pertaining to deposits will also be found under separate Glossary entries for:

(1) borrowings and deposits in foreign offices;

(2) brokered deposits;

(3) cash management arrangements;

(4) dealer reserve accounts;

(5) hypothecated deposits;

(6) letter of credit (for letters of credit sold for cash and travelers letters of credit);

(7) overdraft;

(8) pass-through reserve balances;

(9) placements and takings; and

(10) reciprocal balances.

On the FFIEC 031 only, Schedule RC-E consists of two parts. Part I covers the deposit liabilities of the

domestic offices of the consolidated bank. Part II covers the deposit liabilities of the foreign offices

(including Edge and Agreement subsidiaries and IBFs) of the consolidated bank. (See the Glossary

entries for "domestic office" and "foreign office" for the definitions of these terms.)

NOTE: For information about the reporting of deposits for deposit insurance assessment purposes, refer

to Schedule RC-O.

NOTE: For the appropriate treatment of deposits of depository institutions for which the reporting bank is

serving as a pass-through agent for balances maintained to satisfy reserve balance requirements,

see the Glossary entry for "pass-through reserve balances."

NOTE: For banks that elect to report deposits at fair value under a fair value option, report the fair value

of those deposits in the same items and columns as similar deposits to which a fair value option

has not been applied. Currently, deposits that include a demand feature (e.g., demand and

savings deposits in domestic offices) are not eligible to be reported under a fair value election.

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(Part I. Deposits in Domestic Offices)

Definitions

The term "deposits" is defined in the Glossary and generally follows the definitions of deposits used in the

Federal Deposit Insurance Act and in Federal Reserve Regulation D

Reciprocal balances between the reporting bank and other depository institutions may be reported on a

net basis in accordance with generally accepted accounting principles.

The following are not reported as deposits in Schedule RC-E:

(1) Deposits received in one office of the bank for deposit in another office of the bank.

(2) Outstanding drafts (including advices or authorizations to charge the bank's balance in another

depository institution) drawn in the regular course of business by the reporting bank on other

depository institutions.

(3) Trust funds held in the bank's own trust department that the bank keeps segregated and apart

from its general assets and does not use in the conduct of its business. NOTE: Such uninvested

trust funds must be reported as deposit liabilities in Schedule RC-O, item 1.

(4) Deposits accumulated for the payment of personal loans (i.e., hypothecated deposits), which should

be netted against loans in Schedule RC-C, Loans and Lease Financing Receivables.

(5) All obligations arising from assets sold under agreements to repurchase.

(6) Overdrafts in deposit accounts. Overdrafts are to be reported as loans in Schedule RC-C and not as

negative deposits. Overdrafts in one or more transaction accounts within a group of related

transaction accounts of a single type (i.e., demand deposit accounts or NOW accounts, but not a

combination thereof) maintained in the same right and capacity by a customer (a single legal entity)

that are established under a bona fide cash management arrangement by this customer are not to be

classified as loans unless there is a net overdraft position in the group of related transaction accounts

taken as a whole. For reporting and deposit insurance assessment purposes, such accounts function

as, and are regarded as, one account rather than multiple separate accounts. (NOTE: Affiliates and

subsidiaries are considered separate legal entities.) See the Glossary entry for "cash management

arrangements" for information on bona fide cash management arrangements.

(7) Time deposits sold (issued) by the reporting bank that it has subsequently purchased in the

secondary market (typically as a result of the bank's trading activities) and has not resold as of the

report date. For purposes of these reports, a bank that purchases a time deposit it has issued is

regarded as having paid the time deposit prior to maturity. The effect of the transaction is that the

bank has cancelled a liability as opposed to having acquired an asset for its portfolio.

(8) Cash payments received in connection with transfers of the reporting institution’s other real estate

owned that have been financed by the institution and do not qualify for sale accounting, which

applicable accounting standards describe as a “liability,” a “deposit,” or a “deposit liability.” Until a

transfer qualifies for sale accounting, these cash payments shall be reported in Schedule RC-G,

item 4, “All other liabilities.” See the Glossary entry for “foreclosed assets” for further information.

The following are reported as deposits:

(1) Deposits of trust funds standing to the credit of other banks and all trust funds held or deposited in

any department of the reporting bank other than the trust department.

(2) Credit items that could not be posted to the individual deposit accounts but that have been credited to

the control accounts of the various deposit categories on the general ledger.

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Definitions (cont.)

(3) Credit items not yet posted to deposit accounts that are carried in suspense or similar nondeposit

accounts and are material in amount. As described in the Glossary entry for "suspense accounts,"

the items included in such accounts should be reviewed and material amounts reported in the

appropriate balance sheet accounts. NOTE: Regardless of whether deposits carried in suspense

accounts have been reclassified as deposits and reported in Schedule RC-E, they must be reported

as deposit liabilities in Schedule RC-O, items 1 and 4.

(4) Escrow funds.

(5) Payments collected by the bank on loans secured by real estate and other loans serviced for others

that have not yet been remitted to the owners of the loans.

(6) Credit balances resulting from customers' overpayments of account balances on credit cards and

other revolving credit plans.

(7) Funds received or held in connection with checks or drafts drawn by the reporting bank and drawn

on, or payable at or through, another depository institution either on a zero-balance account or on an

account that is not routinely maintained with sufficient balances to cover checks drawn in the normal

course of business (including accounts where funds are remitted by the reporting bank only when it

has been advised that the checks or drafts have been presented).

(8) Funds received or held in connection with traveler's checks and money orders sold (but not drawn)

by the reporting bank, until the proceeds of the sale are remitted to another party, and funds

received or held in connection with other such checks used (but not drawn) by the reporting bank,

until the amount of the checks is remitted to another party.

(9) Checks drawn by the reporting bank on, or payable at or through, a Federal Reserve Bank or a

Federal Home Loan Bank.

(10) Refundable loan commitment fees received or held by the reporting bank prior to loan closing.

(11) Refundable stock subscription payments received or held by the reporting bank prior to the issuance

of the stock. (Report nonrefundable stock subscription payments in Schedule RC-G, item 4, "All

other liabilities.”)

(12) Improperly executed repurchase agreement sweep accounts (repo sweeps). According to

Section 360.8 of the FDIC’s regulations

, an “internal sweep account” is “an account held pursuant

to a contract between an insured depository institution and its customer involving the pre-arranged,

automated transfer of funds from a deposit account to . . . another account or investment vehicle

located within the depository institution.” When a repo sweep from a deposit account is improperly

executed by an institution, the customer obtains neither an ownership interest in identified assets

subject to a repurchase agreement nor a perfected security interest in the applicable assets. In this

situation, the institution should report the swept funds as deposit liabilities, not as repurchase

agreements.

(13) The unpaid balance of money received or held by the reporting institution that the reporting

institution promises to pay pursuant to an instruction received through the use of a card, or other

payment code or access device, issued on a prepaid or prefunded basis.

In addition, the gross amount of debit items ("throw-outs," "bookkeepers' cutbacks," or "rejects") that

cannot be posted to the individual deposit accounts without creating overdrafts or for some other reason

(e.g., stop payment, missing endorsement, post or stale date, or account closed), but which have been

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Definitions (cont.)

charged to the control accounts of the various deposit categories on the general ledger, should be

credited to (added back to) the appropriate deposit control totals and reported in Schedule RC-F, item 6,

"All other assets.”

The distinction between transaction and nontransaction accounts is discussed in detail in the Glossary

entry for "Deposits.”

Deposits defined in Regulation D

as transaction accounts include demand deposits, NOW accounts,

telephone and preauthorized transfer accounts, and savings deposits. However, for Call Report

purposes, savings deposits are classified as a type of nontransaction account.

For institutions that have suspended the six transfer limit on an account that meets the definition of a

savings deposit, please see the “Treatment of Accounts where Reporting Institutions Have Suspended

Enforcement of the Six Transfer Limit per Regulation D

” in the Glossary entry for “Deposits” for further

details on reporting savings deposits.

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Column Instructions

Deposits as summarized above are divided into two general categories, "Transaction Accounts"

(columns A and B) and "Nontransaction Accounts (including MMDAs)" (column C).

Column A – Total transaction accounts. Report in column A the total of all transaction accounts as

defined in the Glossary entry for "deposits." With the exceptions noted in the item instructions and the

Glossary entry, the term "transaction account" is defined as a deposit or account from which the depositor

or account holder is permitted to make transfers or withdrawals by negotiable or transferable instruments,

payment orders of withdrawal, telephone transfers, or other similar devices for the purpose of making

third party payments or transfers to third persons or others, or from which the depositor may make third

party payments at an automated teller machine (ATM), a remote service unit (RSU), or another electronic

device, including by debit card.

Column B - Memo: Total demand deposits.

Report in item 7, column B, the total of all demand deposits,

both interest-bearing and noninterest-bearing. Also include any matured time or savings deposits without

automatic renewal provisions, unless the deposit agreement specifically provides for the funds to be

transferred at maturity to another type of account (i.e., other than a demand deposit). (See the Glossary

entry for "Deposits.")

NOTE: Demand deposits are, of course, one type of transaction account. Therefore, the amount

reported in item 7, column B, should be included by category of depositor in the breakdown of transaction

accounts by category of depositor that is reported in column A.

Column C - Total nontransaction accounts (including MMDAs). Report in column C nontransaction

accounts as defined in the Glossary entry for "Deposits." Include in column C all interest-bearing and

noninterest-bearing savings deposits and time deposits together with all interest paid by crediting savings

and time deposit accounts.

Item Instructions

In items 1 through 6 of Schedule RC-E, banks report separate breakdowns of their transaction and

nontransaction accounts by category of depositor. When reporting brokered deposits in these items, the

funds should be categorized as deposits of “Individuals, partnerships, and corporations,” “States and

political subdivisions in the U.S.,” or “Commercial banks and other depository institutions in the U.S.” based

on the beneficial owners of the funds that the broker has placed in the bank. However, if this information is

not readily available to the issuing bank for certain brokered deposits because current deposit insurance

rules do not require the deposit broker to provide information routinely on the beneficial owners of the

deposits and their account ownership capacity to the bank issuing the deposits, these brokered deposits

may be rebuttably presumed to be deposits of “Individuals, partnerships, and corporations” and reported

in Schedule RC-E, item 1, below. For further information, see the Glossary entry for "brokered deposits."

Item No. Caption and Instructions

1 Deposits of individuals, partnerships, and corporations (include all certified and official

checks). Report in the appropriate column all deposits of individuals, partnerships, and

corporations, wherever located, and all certified and official checks.

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Item No. Caption and Instructions

1 Include in this item:

(cont.)

(1) Deposits related to the personal, household, or family activities of both farm and nonfarm

individuals and to the business activities of sole proprietorships.

(2) Deposits of corporations and organizations (other than depository institutions), regardless

of whether they are operated for profit, including but not limited to:

(a) mutual funds and other nondepository financial institutions;

(b) foreign government-owned nonbank commercial and industrial enterprises; and

deposits of a company, battery, or similar organization (unless the reporting bank has

been designated by the U.S. Treasury as a depository for such funds and appropriate

security for the deposits has been pledged, in which case, report in Schedule RC-E,

item 2).

(3) Dealer reserve accounts (see the Glossary entry for "dealer reserve accounts" for the

definition of this term).

(4) Deposits of U.S. Government agencies and instrumentalities such as the:

(a) Banks for Cooperatives,

(b) Export-Import Bank of the U.S.,

(d) Federal Financing Bank,

(e) Federal Home Loan Banks,

(f) Federal Home Loan Mortgage Corporation,

(g) Federal Intermediate Credit Banks,

(h) Federal Land Banks,

(i) Federal National Mortgage Association,

(j) National Credit Union Administration Central Liquidity Facility, and

(k) National Credit Union Share Insurance Fund.

(5) Deposits of trust funds standing to the credit of other banks and all trust funds held or

deposited in any department (except the trust department) of the reporting bank if the

beneficiary is an individual, partnership, or corporation.

(6) Credit balances on credit cards and other revolving credit plans as a result of customer

overpayments.

(7) Deposits of a federal or state court held for the benefit of individuals, partnerships, or

corporations, such as bankruptcy funds and escrow funds.

(8) Deposits of a pension fund held for the benefit of individuals.

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Item No. Caption and Instructions

1 (9) Certified and official checks, which include the following:

(cont.)

(a) Unpaid depositors' checks that have been certified.

(b) Cashiers' checks, money orders, and other officers' checks issued for any purpose

including those issued in payment for services, dividends, or purchases that are

drawn on the reporting bank by any of its duly authorized officers and that are

outstanding on the report date.

bank and drawn on, or payable at or through, another depository institution either on a

zero-balance account or on an account that is not routinely maintained with sufficient

balances to cover checks drawn in the normal course of business (including accounts

where funds are remitted by the reporting bank only when it has been advised that

the checks or drafts have been presented).

(d) Funds received or held in connection with traveler's checks and money orders sold

(but not drawn) by the reporting bank, until the proceeds of the sale are remitted to

another party, and funds received or held in connection with other such checks used

(but not drawn) by the reporting bank, until the amount of the checks is remitted to

another party.

(e) Checks drawn by the reporting bank on, or payable at or through, a Federal Reserve

Bank or a Federal Home Loan Bank.

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Item No. Caption and Instructions

1 (f) Outstanding travelers' checks, travelers' letters of credit and other letters of credit

(cont.) (less any outstanding drafts accepted thereunder) sold for cash or its equivalent by

the reporting bank or its agents.

(g) Outstanding drafts and bills of exchange accepted by the reporting bank or its agents

for money or its equivalent, including drafts accepted against a letter of credit issued

for money or its equivalent.

(h) On the FFIEC 031, checks or drafts drawn by, or on behalf of, a non-U.S. office of the

reporting bank on an account maintained at a U.S. office of the reporting bank. Such

drafts are, for Report of Condition and federal deposit insurance assessment

purposes, the same as officers' checks. This would include "London checks,"

"Eurodollar bills payable checks," and any other credit items that the domestic bank

issues in connection with such transactions.

Exclude from this item deposits of:

(1) The U.S. Government (report in Schedule RC-E, item 2).

(2) States and political subdivisions in the U.S. (report in Schedule RC-E, item 3).

(3) Commercial banks in the U.S. (report in Schedule RC-E, item 4).

(4) Other depository institutions in the U.S. (report in Schedule RC-E, item 4).

(5) Banks in foreign countries (report in Schedule RC-E, item 5).

2 Deposits of U.S. Government. Report in the appropriate column all deposits of federal

public funds made by or for the account of the United States or some department, bureau, or

official thereof.

Include in this item:

(1) Deposits of the U.S. Treasury.

(2) Deposits standing to the credit of certain quasi-governmental institutions when the

reporting bank has been designated by the U.S. Treasury as a depository for such funds.

(3) Deposits of the U.S. Postal Service and local post offices.

Exclude from this item deposits of U.S. Government agencies and instrumentalities. (Such

deposits are to be reported in Schedule RC-E, item 1, above.)

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Item No. Caption and Instructions

3 Deposits of states and political subdivisions in the U.S. Report in the appropriate

column all deposits standing to the credit of states, counties, municipalities, and local housing

authorities; school, irrigation, drainage, and reclamation districts; other instrumentalities of

one or more states of the United States, the District of Columbia, Puerto Rico, and U.S.

territories and possessions; and Indian tribes in the U.S.

Also include deposits of funds advanced to states and political subdivisions by U.S.

Government agencies and corporations and deposits of withheld income taxes of states and

political subdivisions.

4 Deposits of commercial banks and other depository institutions in the U.S. Report in

the appropriate column all deposits of commercial banks and other depository institutions

located in the U.S.

Commercial banks in the U.S. cover:

(1) U.S. branches and agencies of foreign banks; and

(2) all other commercial banks in the U.S., i.e., U.S. branches of U.S. banks.

Other depository institutions in the U.S. cover:

(1) Building or savings and loan associations, homestead associations, and cooperative

banks;

(2) credit unions; and

(3) mutual and stock savings banks.

For purposes of these reports, U.S. branches and agencies of foreign banks include U.S.

branches and agencies of foreign official banking institutions and investment companies that

are chartered under Article XII of the New York State banking law and that are

majority-owned by one or more foreign banks.

For the appropriate treatment of deposits of depository institutions for which the reporting

bank is serving as a pass-through correspondent for balances maintained to satisfy reserve

balance requirements, see the Glossary entry for "pass-through reserve balances." For the

appropriate treatment of deposits of depository institutions for which the reporting bank is

acting as an agent for an excess balance account at a Federal Reserve Bank, see the

Glossary entry for “excess balance account.”

Refer to the Glossary entries for "banks, U.S. and foreign" and "depository institutions in the

U.S." for further discussion of these terms.

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Item No. Caption and Instructions

4 Exclude from this item deposits of the following depository institutions:

(cont.)

(1) Banks in foreign countries (report in Schedule RC-E, item 5, below). (See the Glossary

entry for "banks, U.S. and foreign" for the definition of this term.)

(2) On the FFIEC 031, IBFs (report in part II of Schedule RC-E).

5 Deposits of banks in foreign countries. Report in the appropriate column all deposits of

banks located in foreign countries.

Banks in foreign countries cover:

(1) foreign-domiciled branches of other U.S. banks; and

(2) foreign-domiciled branches of foreign banks.

See the Glossary entry for "banks, U.S. and foreign" for further discussion of these terms.

Exclude from this item deposits of foreign official institutions and foreign central banks (to be

reported in Schedule RC-E, item 6 below) and deposits of U.S. branches and agencies of

foreign banks and New York State investment companies (to be reported in Schedule RC-E,

item 4 above).

For the appropriate treatment of deposits of depository institutions for which the reporting

bank is serving as a pass-through agent for balances maintained to satisfy reserve balance

requirements, see the Glossary entry for "pass-through reserve balances."

6 Deposits of foreign governments and official institutions. Report in the appropriate

column all deposits of foreign governments and official institutions. (See the Glossary entry

for "foreign governments and official institutions" for the definition of this term.)

Exclude from this item deposits of:

(1) U.S. branches and agencies of foreign official banking institutions (report in

Schedule RC-E, item 4, above).

(2) Nationalized banks and other banking institutions that are owned by foreign governments

and that do not function as central banks, banks of issue, or development banks (report

in Schedule RC-E, item 5, above).

(3) Foreign government-owned nonbank commercial and industrial enterprises (report in

Schedule RC-E, item 1, above).

7 Total. Report in column B the total of all demand deposits. Report in columns A and C the

sum of items 1 through 6. The sum of columns A and C of this item must equal

Schedule RC, item 13.a, "Deposits in domestic offices."

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Memoranda

Item No. Caption and Instructions

1 Selected components of total deposits. The amounts to be reported in Memorandum

items 1.a through 1.i below are included as components of total deposits (in domestic offices)

(Schedule RC-E, sum of item 7, columns A and C).

1.a Total Individual Retirement Accounts (IRAs) and Keogh Plan accounts. Report in this

Memorandum item the total of all IRA and Keogh Plan deposits included in total deposits

(in domestic offices) (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.

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 (in domestic offices) (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.)

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

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.

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.

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Memoranda

Item No. Caption and Instructions

1.b

• “Network member bank” means an insured depository institution that is a member of a

(cont.) deposit placement network.

• “Reciprocal deposits” means deposits received by an agent institution through a deposit

placement network with the same maturity (if any) and in the same aggregate amount as

covered deposits placed by the agent institution in other network member banks.

All reciprocal deposits, whether they are brokered reciprocal deposits or not, should be

reported in Schedule RC-E, Memorandum item 1.g, below.

Deposits placed and received through a “deposit placement network” that are not “covered

deposits” under Section 337.6(b)(2)(ii)(e)(2)(ii) of the FDIC’s regulations

must be reported as

brokered deposits in this Memorandum item 1.b.

General Cap

Under the general cap, an agent institution may except reciprocal deposits from treatment as

brokered deposits up to the lesser of $5 billion or an amount equal to 20 percent of the agent

institution’s total liabilities. An agent institution that holds reciprocal deposits in excess of the

general cap should report such excess deposits as brokered deposits in this Memorandum

item 1.b (and as brokered reciprocal deposits in Schedule RC-O, item 9, and, if applicable,

item 9.a), and include such excess deposits as part of its total reciprocal deposits in

Schedule RC-E, Memorandum item 1.g,

Special Cap

A special cap applies if the institution is either not well rated or not well capitalized.

The

special cap is defined as:

“the average amount of reciprocal deposits held by the agent institution on the last day of

each of the 4 calendar quarters preceding the calendar quarter in which the agent

institution was found not to have a composite condition of outstanding or good or was

determined to be not well capitalized.”

In no event, however, can an institution’s non-brokered reciprocal deposits exceed the

general cap.

An institution that is not well rated or not well capitalized may qualify as an “agent institution”

if:

(1) The amount of reciprocal deposits that the institution holds as of the first reporting period

of being subject to the special cap is below or equal to the special cap and, in any

reporting period that it remains subject to the special cap, it does not subsequently

receive reciprocal deposits that cause the total amount of reciprocal deposits to exceed

the special cap; OR

(2) The amount of reciprocal deposits that it holds as of the first quarter of being subject to

the special cap is above the special cap, if such deposits were received before the

institution became subject to the special cap and, in any reporting period that it remains

See generally, 12 CFR Part 324, Subpart H (FDIC); 12 CFR Part 208, Subpart D (Federal Reserve Board); 12 CFR

Part 6 (OCC). 12 U.S.C. 1831o. ‘‘Well capitalized’’ is defined in 12 CFR 337.6(a)(3)(i).

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Memoranda

Item No. Caption and Instructions

1.b subject to the special cap, it does not subsequently receive reciprocal deposits that cause

(cont.) the total amount of reciprocal deposits to exceed the special cap and the institution

satisfies all other qualifications necessary to be an agent institution.

If an institution, subject to the special cap, receives reciprocal deposits that cause its total

reciprocal deposits to be greater than the special cap, the institution will no longer meet the

definition of “agent institution” and all of its reciprocal deposits should be reported as

brokered deposits in this Memorandum item 1.b (and as brokered reciprocal deposits in

Schedule RC-O, item 9, and, if applicable, item 9.a) and as total reciprocal deposits in

Schedule RC-E, Memorandum item 1.g.

An institution shall consider the effective date of a CAMELS composite rating to be the date

of written notification to the institution by its primary federal regulator, or state authority, of its

supervisory rating.

An institution that is not well capitalized or that has composite supervisory rating of other than

outstanding (CAMELS “1”) or good (CAMELS “2”) as of the quarter-end date of the Call

Report for which the institution is filing shall calculate the special cap by:

(1) Determining 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.

(2) Calculating 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 step) and on

each of the three preceding calendar quarters.

To illustrate how an institution should calculate the special cap, consider the examples after

the instructions to Schedule RC-E, Memorandum item 7.

1.c Brokered deposits of $250,000 or less (fully insured brokered deposits). Report in this

item all fully insured brokered deposits (as defined in the Glossary entry for "brokered

deposits") included in Schedule RC-E, Memorandum item 1.b, above. Include brokered

deposits with balances of $250,000 or less and time deposits issued to deposit brokers in the

form of certificates of deposit of more than $250,000 that have been participated out by the

broker in shares with balances of $250,000 or less.

In some cases, brokered certificates of deposit are issued in $1,000 amounts under a master

certificate of deposit issued by a bank to a deposit broker in an amount that exceeds

$250,000. For these so-called “retail brokered deposits,” multiple purchases by individual

depositors from an individual bank normally do not exceed the applicable deposit insurance

limit (currently $250,000), but under current deposit insurance rules the deposit broker is not

required to provide information routinely on these purchasers and their account ownership

capacity to the bank issuing the deposits. If this information is not readily available to the

issuing bank, these brokered certificates of deposit in $1,000 amounts may be rebuttably

presumed to be fully insured brokered deposits and should be reported in this item. In

addition, some brokered deposits are transaction accounts or money market deposit accounts

(MMDAs) that are denominated in amounts of $0.01 and established and maintained by the

deposit broker (or its agent) as agent, custodian, or other fiduciary for the broker’s customers.

An individual depositor’s deposits within the brokered transaction account or MMDA normally

do not exceed the applicable deposit insurance limit. As with retail brokered deposits, if

information on these depositors and their account ownership capacity is not readily available

to the bank establishing the transaction account or MMDA, the amounts in the transaction

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Memoranda

Item No. Caption and Instructions

1.c account or MMDA may be rebuttably presumed to be fully insured brokered deposits and

(cont.) should be reported in this item.

The dollar amount used as the basis for reporting fully insured brokered deposits in this

Memorandum item reflects the deposit insurance limit in effect on the report date. At present,

the limit is $250,000 per depositor, per insured bank, for each account ownership category.

1.d Maturity data for brokered deposits. Report in the appropriate subitem the indicated

maturity data for brokered deposits (as defined in the Glossary entry for "brokered deposits")

included in Schedule RC-E, Memorandum item 1.b, above.

1.d.(1) Brokered deposits of $250,000 or less with a remaining maturity of one year or less.

Report in this item those brokered time deposits with balances of $250,000 or less reported in

Schedule RC-E, Memorandum item 1.c, above that have a remaining maturity of one year or

less. Remaining maturity is the amount of time remaining from the report date until the final

contractual maturity of a brokered deposit. Also report in this item all brokered demand and

savings deposits with balances of $250,000 or less that were reported in Schedule RC-E,

Memorandum item 1.c, above.

1.d.(2) Not applicable.

1.d.(3) Brokered deposits of more than $250,000 with a remaining maturity of one year or less.

Report in this item those brokered time deposits with balances of more than $250,000

reported in Schedule RC-E, Memorandum item 1.b above that have a remaining maturity of

one year or less. Remaining maturity is the amount of time remaining from the report date

until the final contractual maturity of a brokered deposit. Also report in this item all brokered

demand and savings deposits with balances of more than $250,000 that were reported in

Schedule RC-E, Memorandum item 1.b above.

1.e Preferred deposits. (This item is to be reported for the December 31 report only.)

Report in this item all deposits of states and political subdivisions in the U.S. included in

Schedule RC-E, item 3, columns A and C above, which are secured or collateralized as

required under state law. Exclude deposits of the U.S. Government which are secured or

collateralized as required under federal law. Also exclude deposits of trust funds which are

secured or collateralized as required under state law unless the beneficiary is a state or

political subdivision in the U.S. The amount reported in this memorandum item must be less

than the sum of Schedule RC-E, item 3, column A, and item 3, column C, above.

State law may require a bank to pledge securities (or other readily marketable assets) to

cover the uninsured portion of the deposits of a state or political subdivision. If the bank has

pledged securities with a value that exceeds the amount of the uninsured portion of the state

or political subdivision's deposits, only the uninsured amount (and none of the insured portion

of the deposits) should be reported as a "preferred deposit." For example, a political

subdivision has $450,000 in deposits at a bank which, under state law, is required to pledge

securities to cover only the uninsured portion of such deposits ($200,000 in this example).

The bank has pledged securities with a value of $300,000 to secure these deposits. Only the

$200,000 uninsured amount of the political subdivision's $450,000 in deposits, given the

currently applicable $250,000 deposit insurance limit, would be considered "preferred

deposits."

In other states, banks must participate in a state public deposits program in order to receive

deposits from the state or from political subdivisions within the state in amounts that would

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Memoranda

Item No. Caption and Instructions

1.e not be covered by federal deposit insurance. Under state law in such states, the value of the

(cont.) securities a bank must pledge to the state is calculated annually, but represents only a

percentage of the uninsured portion of its public deposits. Institutions participating in the

state program may potentially be required to share in any loss to public depositors incurred in

the failure of another participating institution. As long as the value of the securities pledged

to the state exceeds the calculated requirement, all of the bank's uninsured public deposits

are protected from loss under the operation of the state program if the bank fails and,

therefore, all of the uninsured public deposits are considered "preferred deposits." For

example, a bank participating in a state public deposits program has $1,600,000 in public

deposits under the program from four political subdivisions and $700,000 of this amount is

uninsured, given the currently applicable $250,000 deposit insurance limit. The bank's most

recent calculation indicates that it must pledge securities with a value of at least $77,000 to

the state in order to participate in the state program. The bank has pledged securities with an

actual value of $80,000. The bank should report the $700,000 in uninsured public deposits

as "preferred deposits."

1.f Estimated amount of deposits obtained through the use of deposit listing services that

are not brokered deposits. Report in this Memorandum item the estimated amount of all

nonbrokered deposits obtained through the use of deposit listing services included in total

deposits (in domestic offices) (Schedule RC-E, sum of item 7, columns A and C), regardless

of size or type of deposit instrument.

The objective of this Memorandum item is not to capture all deposits obtained through the

Internet, such as deposits that a bank receives because a person or entity has seen the rates

the bank has posted on its own Web site or on a rate-advertising Web site that has picked up

and posted the bank’s rates on its site without the bank’s authorization. Rather, the objective

of this Memorandum item is to collect the estimated amount of deposits obtained as a result

of action taken by the bank to have its deposit rates listed by a listing service, and the listing

service is compensated for this listing either by the bank whose rates are being listed or by

the persons or entities who view the listed rates. A bank should establish a reasonable and

supportable estimation process for identifying listing service deposits that meet these

reporting parameters and apply this process consistently over time. However, for those

nonbrokered deposits acquired through the use of a deposit listing service that offers deposit

tracking, the actual amount of listing service deposits, rather than an estimate, should be

reported.

When a nonbrokered time deposit obtained through the use of a deposit listing service is

renewed or rolled over at maturity, the time deposit should continue to be reported in this item

as a listing service deposit if the reporting institution continues to have its time deposit rates

listed by a listing service and the listing service is compensated for this listing as described

above. In contrast, if the reporting institution no longer has its time deposit rates listed by a

listing service when a nonbrokered listing service time deposit matures and is renewed or

rolled over by the depositor, the time deposit would no longer need to be reported as a listing

service deposit after the renewal or rollover. The reporting institution should continue to

report nonbrokered listing service deposits other than time deposits in this item as long as

the reporting institution continues to have its deposit rates for the same type of deposit

(e.g., NOW account, money market deposit account) listed by a listing service and the listing

service is compensated for this listing as described above.

If the reporting institution has merged with or acquired another institution that had obtained

nonbrokered deposits through the use of deposit listing services, these deposits would

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Memoranda

Item No. Caption and Instructions

1.f continue to be regarded as listing service deposits after the merger or acquisition. In this

(cont.) situation, the reporting institution should determine whether it must continue to report these

deposits as listing service deposits after the merger or acquisition in accordance with the

guidance in the preceding paragraph.

Exclude from this item all brokered deposits reported in Schedule RC-E, Memorandum

item 1.b.

A deposit listing service is a company that compiles information about the interest rates

offered on deposits, such as certificates of deposit, by insured depository institutions. A

particular company could be a deposit listing service (compiling information about certificates

of deposits) as well as a deposit broker (facilitating the placement of deposits). A deposit

listing service is not a deposit broker if it does not meet the “deposit broker” definition and

notably the criteria under 12 CFR 337.6(a)(5)(iii) for when a person is considered “engaged in

the business of facilitating the placement of deposits”:

(1) The listing service does not have legal authority, contractual or otherwise, to close the

account or move the third party’s funds to another insured depository institution;

(2) The listing service is not involved in negotiating or setting rates, fees, terms, or conditions

for the deposit account; or

(3) The listing service is not engaged in matchmaking activities as defined in 12 CFR

337.6(a)(5)(iii)(C)(1).

1.g Total reciprocal deposits. Report in this Memorandum item the total amount of the

reporting institution’s reciprocal deposits as of the report date that are included in the

institution’s total deposits (Schedule RC-E, sum of item 7, columns A and C). As defined in

Section 337.6(e)(2)(v) of the FDIC’s regulations, “reciprocal deposits” means “deposits

received by an agent institution through a deposit placement network with the same maturity

(if any) and in the same aggregate amount as covered deposits placed by the agent

institution in other network member banks.”

An institution should report its total reciprocal deposits in this Memorandum item 1.g,

including any reciprocal deposits that are reported as brokered deposits in Schedule RC-E,

Memorandum item 1.b (and, if applicable, in Memorandum items 1.c and 1.d), and as

brokered reciprocal deposits in Schedule RC-O, item 9 (and, if applicable, in item 9.a).

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Memoranda

Item No. Caption and Instructions

1.g In this regard, if an institution, subject to the special cap, receives reciprocal deposits that

(cont.) cause its total reciprocal deposits to be greater than the special cap, the institution will no

longer meet the definition of “agent institution,” but the institution should report all of its

reciprocal deposits in this Memorandum item 1.g (and as brokered deposits in

Schedule RC-E, Memorandum item 1.b, and as brokered reciprocal deposits in

Schedule RC-O, item 9, and, if applicable, item 9.a). See the instructions for Schedule RC-E,

Memorandum item 1.b, for the definitions of “special cap” and “agent institution.”

Funds obtained through a deposit placement network, with the assistance of a deposit

broker, should only be reported as brokered deposits in Schedule RC-E, Memorandum

item 1.b, and, if applicable, in Memorandum items 1.c and 1.d, and should not be reported in

this Memorandum item 1.g as total reciprocal deposits.

For an institution that is not well capitalized or not well rated, the amount reported in this

Memorandum item will be used to compute the institution’s average amount of reciprocal

deposits held at quarter-end during the last four quarters preceding the quarter that the

institution fell below well capitalized or well rated. This average will be used to determine

whether the institution meets the third prong of the definition of “agent institution” under

Section 202 of the Economic Growth, Regulatory Relief, and Consumer Protection Act and

Section 337.6(e)(2)(i) of the FDIC’s regulations. Section 202 and Section 337.6(e)(2)(i)

allow

an institution to meet the “agent institution” definition, and exclude certain reciprocal deposits

from its brokered deposits, if it does not receive reciprocal deposits that cause its total

reciprocal deposits to exceed the four-quarter average mentioned above.

NOTE: On the FFIEC 031 report form, Memorandum items 1.h.(1)(a), 1.h.(2)(a), 1.h.(3)(a), and 1.h.(4)(a)

are to be completed by institutions with $100 billion or more in total assets. Memorandum items

1.h.(1)(a), 1.h.(2)(a), 1.h.(3)(a), and 1.h.(4)(a) are not applicable to banks filing the FFIEC 041 report

form.

1.h Sweep deposits. Report in appropriate subitem the indicated sweep deposit data (as

defined in the Glossary entry for “sweep deposits”).

1.h.(1) Fully insured, affiliate sweep deposits. Report the amount of affiliate sweep deposits that

are fully insured.

1.h.(1)(a) Fully insured, affiliate, retail sweep deposits. Report the amount of affiliate, retail sweep

deposits that are fully insured included in Memorandum item 1.h.(1) above.

1.h.(2) Not fully insured, affiliate sweep deposits. Report the amount of affiliate sweep deposits

for which less than the entire amount of the deposits is covered by deposit insurance.

1.h.(2)(a) Not fully insured, affiliate, retail sweep deposits. Report the amount of affiliate, retail

sweep deposits for which less than the entire amount of the deposits is covered by deposit

insurance included in Memorandum item 1.h.(2) above.

1.h.(3) Fully insured, non-affiliate sweep deposits. Report the amount of non-affiliate sweep

deposits that are fully insured.

1.h.(3)(a) Fully insured, non-affiliate, retail sweep deposits. Report the amount of non-affiliate,

retail sweep deposits that are fully insured included in Memorandum item 1.h.(3) above.

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Memoranda

Item No. Caption and Instructions

1.h.(4) Not fully insured, non-affiliate sweep deposits. Report the amount of non-affiliate sweep

deposits for which less than the entire amount of the deposits is covered by deposit

insurance.

1.h.(4)(a) Not fully insured, non-affiliate, retail sweep deposits. Report the amount of non-affiliate,

retail sweep deposits for which less than the entire amount of the deposits is covered by

deposit insurance included in Memorandum item 1.h.(4).

1.i Total sweep deposits that are not brokered deposits. Report the total amount of sweep

deposits that are excluded from being reported as brokered deposits.

2 Components of total nontransaction accounts. Memorandum item 2 divides total

nontransaction accounts into two major categories: savings deposits (Memorandum

items 2.a.(1) and 2.a.(2)) and time deposits (Memorandum items 2.b, 2.c, and 2.d). The sum

of Memorandum items 2.a.(1) and 2.a.(2) equals total savings deposits. The sum of

Memorandum items 2.b, 2.c, and 2.d equals total time deposits. The sum of Memorandum

items 2.a.(1) and 2.a.(2) (savings deposits) and Memorandum items 2.b, 2.c, and 2.d

(time deposits) equals total nontransaction deposits reported in item 7, column C, above.

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Memoranda

Item No. Caption and Instructions

2 Include as time deposits in Memorandum items 2.b, 2.c, and 2.d:

(cont.)

(1) All time deposits (as defined in the Glossary entry for "deposits") with original maturities of

seven days or more that are not classified as transaction accounts.

(2) Interest paid by crediting time deposit accounts.

2.a Savings deposits. Report in the appropriate subitem all savings deposits included in

column C above. See the Glossary entry for "deposits" for the definition of savings deposits.

Include as savings deposits in Memorandum items 2.a.(1) and 2.a.(2) interest paid by

crediting savings deposit accounts.

Exclude from Memorandum items 2.a.(1) and 2.a.(2):

(1) NOW accounts, ATS accounts, and telephone or preauthorized transfer accounts that

meet the definition of a transaction account (report in Schedule RC-E, column A, as

transaction accounts).

(2) Special passbook or statement accounts, such as "90-day notice accounts," "golden

passbook accounts," or deposits labeled as "savings certificates," that have a specified

original maturity of seven days or more (report as time deposits in Schedule RC-E,

Memorandum item 2.b, 2.c, or 2.d, below).

(3) Interest accrued on savings deposits but not yet paid or credited to a deposit account

(exclude from this schedule and report in Schedule RC-G, item 1.a, "Interest accrued and

unpaid on deposits (in domestic offices)").

2.a.(1) Money market deposit accounts (MMDAs). Report in this item the total amount of all

money market deposit accounts (MMDAs) that are included in Schedule RC-E, column C,

above. See the Glossary entry for "deposits" for the definition of money market deposit

accounts.

2.a.(2) Other savings deposits. Report in this item the total amount of all other savings deposits

that are included in Schedule RC-E, column C, above. This item includes those accounts

commonly known as passbook savings and statement savings. See the Glossary entry for

"deposits" for the definition of other savings deposits.

2.b Total time deposits of less than $100,000. Report in this item all time deposits included in

Schedule RC-E, column C, above with balances of less than $100,000. This item includes

both time certificates of deposit and open-account time deposits with balances of less than

$100,000, regardless of negotiability or transferability. This item also includes time deposits

issued to deposit brokers in the form of large ($100,000 or more) certificates of deposit that

have been participated out by the broker in shares of less than $100,000. In addition, if the

bank has issued a master certificate of deposit to a deposit broker in an amount that exceeds

$100,000 and under which brokered certificates of deposit are issued in $1,000 amounts

(so-called “retail brokered deposits”), individual depositors who purchase multiple certificates

issued by the bank normally do not exceed the applicable deposit insurance limit (currently

$250,000). Under current deposit insurance rules the deposit broker is not required to

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(3-10)

Memoranda

Item No. Caption and Instructions

2.b provide information routinely on these purchasers and their account ownership capacity to

(cont.) the bank issuing the deposits. If this information is not readily available to the issuing bank,

these brokered certificates of deposit in $1,000 amounts should be reported in this item as

time deposits of less than $100,000.

Exclude from this item all time deposits with balances of $100,000 or more (report in

Schedule RC-E, Memorandum items 2.c and 2.d, below).

2.c Total time deposits of $100,000 through $250,000. Report in this item all time deposits

included in Schedule RC-E, column C, above with balances of $100,000 through $250,000.

This item includes both time certificates of deposit and open-account time deposits with

balances of $100,000 through $250,000, regardless of negotiability or transferability.

Exclude from this item and from Schedule RC-E, Memorandum item 2.d, below:

• all time deposits issued to deposit brokers in the form of large ($100,000 or more)

certificates of deposit that have been participated out by the broker in shares of less than

$100,000, and

• all time deposits with balances of less than $100,000,

which should be reported in Schedule RC-E, Memorandum item 2.b, above.

NOTE: Banks should include as time deposits of $100,000 through $250,000 those time

deposits originally issued in denominations of less than $100,000 that, because of interest

paid or credited, or because of additional deposits, now have balances of $100,000 through

$250,000.

2.d Total time deposits of more than $250,000. Report in this item all time deposits included in

Schedule RC-E, column C, above with balances of more than $250,000. This item includes

both time certificates of deposit and open-account time deposits with balances of more than

$250,000, regardless of negotiability or transferability.

NOTE: Banks should include as time deposits of more than $250,000 those time deposits

originally issued in denominations of $250,000 or less that, because of interest paid or

credited, or because of additional deposits, now have balances of more than $250,000.

2.e Individual Retirement Accounts (IRAs) and Keogh Plan accounts included in

Memorandum items 2.c and 2.d above. Report in this item all IRA and Keogh Plan time

deposits of $100,000 or more included in Schedule RC-E, Memorandum items 2.c and 2.d,

above. These IRA and Keogh Plan time deposits will also have been included in

Schedule RC-E, Memorandum item 1.a., “Total Individual Retirement Accounts (IRAs) and

Keogh Plan accounts.”

IRAs include traditional IRAs, Roth IRAs, Simplified Employee Pension (SEP) IRAs, and

SIMPLE IRAs. 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).

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Memoranda

Item No. Caption and Instructions

3 Maturity and repricing data for time deposits of $250,000 or less. Report in the

appropriate subitem maturity and repricing data for the bank's time deposits of $250,000 or

less, i.e., the bank's time certificates of deposit of $250,000 or less and the bank's open-

account time deposits of $250,000 or less. The time deposits included in this item will have

been reported in Schedule RC-E, Memorandum items 2.b and 2.c, above. Therefore, the

sum of the amounts reported in Schedule RC-E, Memorandum items 3.a.(1) through 3.a.(4)

must equal the sum of Schedule RC-E, Memorandum items 2.b and 2.c, above.

For purposes of this memorandum item and Schedule RC-E, Memorandum item 4, the

following definitions apply:

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 time deposit, and is known to both the bank and the

depositor. Also treated as a fixed interest rate is a predetermined interest rate which is a rate

that changes during the term of the time deposit on a predetermined basis, with the exact

rate of interest over the life of the time deposit known with certainty to both the bank and the

depositor when the time deposit is acquired.

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 time deposit carries at any subsequent time cannot be known at

the time the time deposit is received by the bank or subsequently renewed.

When the rate on a time deposit with a floating rate has reached a contractual floor or ceiling

level, the time deposit is to be treated as "fixed rate" rather than as "floating rate" until the

rate is again free to float.

Remaining maturity is the amount of time remaining from the report date until the final

contractual maturity of a time deposit.

Next repricing date is the date the interest rate on a floating rate time deposit can next

change in accordance with the terms of the contract or the contractual maturity date of the

deposit, whichever is earlier.

Banks whose records or information systems provide data on the final contractual maturities

and next repricing dates of their time deposits for time periods that closely approximate the

maturity and repricing periods specified in this Memorandum item and Schedule RC-E,

Memorandum item 4 (e.g., 89 or 90 days rather than three months, 359 or 360 days rather

12 months) may use these data to complete this Memorandum item and Schedule RC-E,

Memorandum item 4.

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Memoranda

Item No. Caption and Instructions

3 Time deposits held in Individual Retirement Accounts (IRAs) and Keogh Plan accounts should

(cont.) be reported without regard to distribution schedules that may be in effect for funds held in

certain depositors' accounts. Such time deposits should be reported in this Memorandum item

and in Schedule RC-E, Memorandum item 4, in the same manner as time deposits not held in

IRAs and Keogh Plan accounts.

Noninterest-bearing time deposits should be treated as fixed rate time deposits and reported

according to the amount of time remaining until the final contractual maturity in this

Memorandum item and in Schedule RC-E, Memorandum item 4.

Fixed rate time deposits that offer the depositor the option to reset the interest rate on the

deposit to a current market rate one time during the term of the deposit should be treated as

fixed rate deposits and reported based on their remaining maturity.

Fixed rate time deposits that are callable at the option of the issuing bank should be reported

according to their remaining maturity without regard to their next call date unless the time

deposit has actually been called. When fixed rate time deposits have been called, they should

be reported on the basis of the time remaining until the call date. Callable floating rate time

deposits should be reported on the basis of their next repricing date, without regard to their

next call date unless the time deposit has actually been called. Floating rate time deposits

that have been called should be reported on the basis of their next repricing date or their

actual call date, whichever is earlier.

Fixed rate time deposits that provide depositors with the option to redeem them at one or

more specified dates prior to their contractual maturity date without penalty should be reported

according to their remaining maturity without regard to "put" dates if the depositor has not

exercised the "put." If a redemption option has been exercised, however, such deposits

should be reported on the basis of the time remaining until the date on which the time deposit

will be redeemed. Floating rate time deposits that provide depositors with redemption options

without penalty should be reported on the basis of their next repricing date without regard to the

"put" dates if the depositor has not exercised the "put." If a redemption option has been

exercised but the time deposit has not yet been redeemed, the deposit should be reported on

the basis of its next repricing date or its scheduled redemption date, whichever is earlier.

3.a Time deposits of $250,000 or less with a remaining maturity or next repricing date of.

Report the dollar amount of the bank's fixed rate time deposits of $250,000 or less in the

appropriate subitems according to the amount of time remaining to their final contractual

maturities. Report the dollar amount of the bank's floating rate time deposits of $250,000 or

less in the appropriate subitems according to their next repricing dates.

3.a.(1) Three months or less. Report the dollar amount of:

• the bank's fixed rate time deposits of $250,000 or less with remaining maturities of

three months or less, and

• the bank's floating rate time deposits of $250,000 or less with the next repricing date

occurring in three months or less.

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(3-17)

Memoranda

Item No. Caption and Instructions

3.a.(2) Over three months through 12 months. Report the dollar amount of:

• the bank's fixed rate time deposits of $250,000 or less with remaining maturities of

over three months through 12 months, and

• the bank's floating rate time deposits of $250,000 or less with the next repricing date

occurring in over three months through 12 months.

3.a.(3) Over one year through three years. Report the dollar amount of:

• the bank's fixed rate time deposits of $250,000 or less with remaining maturities of

over one year through three years, and

• the bank's floating rate time deposits of $250,000 or less with the next repricing date

occurring in over one year through three years.

3.a.(4) Over three years. Report the dollar amount of:

• the bank's fixed rate time deposits of $250,000 or less with remaining maturities of

over three years, and

• the bank's floating rate time deposits of $250,000 or less with the next repricing date

occurring in over three years.

3.b Time deposits of $250,000 or less with a remaining maturity of one year or less. Report

all time deposits of $250,000 or less with a remaining maturity of one year or less. Include

both fixed rate and floating rate time deposits of $250,000 or less.

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 3.a.(1) and 3.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 3.a.(1) and 3.a.(2), above. However, Memorandum

items 3.a.(1) and 3.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 3.b.

4 Maturity and repricing data for time deposits of more than $250,000. Report in the

appropriate subitem maturity and repricing data for the bank's time deposits of more than

$250,000, i.e., the bank's time certificates of deposit of more than $250,000 and the bank's

open-account time deposits of more than $250,000. The time deposits included in this item

will have been reported in Schedule RC-E, Memorandum item 2.d, above. Therefore, the

sum of the amounts reported in Schedule RC-E, Memorandum items 4.a.(1) through 4.a.(4)

must equal Schedule RC-E, Memorandum item 2.d, above. Refer to the definitions and other

instructions about time deposits in Schedule RC-E, Memorandum item 3, above.

FFIEC 031 and 041 RC-E - DEPOSITS

FFIEC 031 and 041 RC-E-16 RC-E - DEPOSITS

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Memoranda

Item No. Caption and Instructions

4.a Time deposits of more than $250,000 with a remaining maturity or next repricing date

of. Report the dollar amount of the bank's fixed rate time deposits of more than $250,000 in

the appropriate subitems according to the amount of time remaining to their final contractual

maturities. Report the dollar amount of the bank's floating rate time deposits of more than

$250,000 in the appropriate subitems according to their next repricing dates.

4.a.(1) Three months or less. Report the dollar amount of:

• the bank's fixed rate time deposits of more than $250,000 with remaining maturities of

three months or less, and

• the bank's floating rate time deposits of more than $250,000 with the next repricing date

occurring in three months or less.

4.a.(2) Over three months through 12 months. Report the dollar amount of:

• the bank's fixed rate time deposits of more than $250,000 with remaining maturities of

over three months through 12 months, and

• 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.

4.a.(3) 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.

4.a.(4) 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.

FFIEC 031 and 041 RC-E - DEPOSITS

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Memoranda

Item No. Caption and Instructions

4.b 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.

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.

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? 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.

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).

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.

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.”

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Memoranda

Item No. Caption and Instructions

NOTE: Memorandum items 6 and 7 are to be completed by institutions with $1 billion or more in total

assets

that answered “Yes” to Schedule RC-E, Memorandum item 5, above.

6 and 7 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.

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.

6 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.

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

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 3 and 4 of the General Instructions for guidance on shifts in

reporting status.

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FFIEC 031 and 041 RC-E-19 RC-E - DEPOSITS

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Memoranda

Item No. Caption and Instructions

6 nonprofit organizations, and certain government units, the institution would exclude the entire

(cont.) 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.

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.

7.a 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.

7.a.(1) 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.

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FFIEC 031 and 041 RC-E-20 RC-E - DEPOSITS

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Memoranda

Item No. 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).

Examples – Calculating the Special Cap

(Note: Amounts shown are in thousands of dollars.)

Example 1 – Well capitalized but not well rated

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.

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 031 and 041 RC-E - DEPOSITS

FFIEC 031 and 041 RC-E-20a RC-E - DEPOSITS

(3-19)

Examples – Calculating the Special Cap (cont.)

• December 31, 2017 = $180,000

• September 30, 2017 = $300,000

• June 30, 2017 = $300,000

• March 31, 2017 = $350,000

• Average for the four quarters = $282,500

The special cap would be $282,500 and the general cap would be $1,800,000 (the lesser of $5,000,000

or $9,000,000 multiplied by 20 percent). In this example, assuming that the institution satisfies all other

qualifications necessary to be an agent institution, the institution would meet the definition of an “agent

institution.”

For its March 31, 2019, Call Report, the institution would report $180,000 in total reciprocal deposits in

Schedule RC-E, Memorandum item 1.g. Because the institution holds total reciprocal deposits that are

below its special cap, it would not have to report any reciprocal deposits as brokered reciprocal deposits

in Schedule RC-O, items 9 and 9.a, and would not have to include the reciprocal deposits in its brokered

deposits in Schedule RC-E, Memorandum items 1.b, 1.c, and 1.d.

If the institution receives reciprocal deposits that cause its total reciprocal deposits to be greater than

$282,500, it would no longer meet the definition of “agent institution” and all of the institution’s reciprocal

deposits would need to be reported as brokered reciprocal deposits in Schedule RC-O, item 9 (and, if

applicable, item 9.a), and as total reciprocal deposits in Schedule RC-E, Memorandum item 1.g, and they

also would need to be included as part of the institution’s brokered deposits in Schedule RC-E,

Memorandum item 1.b (and, if applicable, in Memorandum items 1.c, and 1.d).

Example 2 – Well rated but not well capitalized

As of March 31, 2019, an institution has $5,000,000 in liabilities and $80,000 in total reciprocal deposits,

has a composite CAMELS rating of “2” (and has been “2”-rated in every quarter for 5 years), but is not

well capitalized, and has not received a waiver to accept brokered deposits. 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.

The bank was last well capitalized as of its September 30, 2017, Call Report. Thus,

September 30, 2017, represents the most recent quarter-end that the bank was well capitalized

and rated CAMELS “1” or “2”.

(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 September 30, 2017, June 30, 2017,

March 31, 2017, and December 31, 2016. In the example, the institution held 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:

• September 30, 2017 = $100,000

• June 30, 2017 = $150,000

• March 31, 2017 = $100,000

• December 31, 2016 = $0

• Average for the four quarters = $87,500

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Examples – Calculating the Special Cap (cont.)

The special cap would be $87,500 and the general cap would be $1,000,000 (the lesser of $5,000,000 or

$5,000,000 multiplied by 20 percent). In this example, assuming that the institution satisfies all other

qualifications necessary to be an agent institution, the institution would meet the definition of an “agent

institution.”

For its March 31, 2019, Call Report, the institution would report $80,000 in total reciprocal deposits in

Schedule RC-E, Memorandum item 1.g. Because the institution holds total reciprocal deposits that are

below its special cap, it would not have to report any reciprocal deposits as brokered reciprocal deposits

in Schedule RC-O, items 9 and 9.a, and would not have to include the reciprocal deposits in its brokered

deposits in Schedule RC-E, Memorandum items 1.b, 1.c, and 1.d.

The institution may not receive reciprocal deposits that cause its total reciprocal deposits to be greater

than $87,500. Doing so would prevent the institution from meeting the definition of “agent institution” and,

as a consequence, all of its reciprocal deposits then would need to be reported as brokered reciprocal

deposits in Schedule RC-O, item 9 (and, if applicable, item 9.a), and as total reciprocal deposits in

Schedule RC-E, Memorandum item 1.g, and they also would need to be included as part of its brokered

deposits in Schedule RC-E, Memorandum item 1.b (and, if applicable, in Memorandum items 1.c and

1.d).

Under Section 29 of the Federal Deposit Insurance Act, an insured depository institution that is less than well

capitalized is restricted from accepting deposits by or through a deposit broker. The FDIC may waive this restriction if

the insured depository institution is adequately capitalized; however, the restriction cannot be waived if the institution

is undercapitalized.

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(6-20)

Schedule RC-E, Part II. Deposits in Foreign Offices (FFIEC 031 only)

General Instructions

Part II of Schedule RC-E is not applicable to banks filing the FFIEC 041 report forms.

For purposes of this report, IBFs are to be treated as foreign offices and their deposit liabilities should be

reported only in Schedule RC-E, Part II. Also included in this part are deposit liabilities of all offices of

Edge and Agreement subsidiaries and deposit liabilities of offices in foreign countries, regardless of

whether a deposit liability carried on the books and records of an office in a foreign country may also be

payable at an office of the reporting institution in the 50 states of the United States, the District of

Columbia, Puerto Rico, and U.S. territories and possessions.

The definition of deposits in Schedule RC-E, Part I, will apply directly to deposit liabilities of branches in

Puerto Rico and U.S. territories and possessions and to the domestic offices of Edge and Agreement

subsidiaries. However, for all other "foreign offices," the definition of deposits in Schedule RC-E, Part I,

must be adjusted for any differences in statutory and regulatory requirements and in institutional practices

in foreign countries.

For these other foreign offices include as deposits:

(1) Liabilities readily identifiable as deposits because of name or definition.

(2) All foreign office liabilities identical to those described for domestic offices that have different names

in different countries.

(3) Liabilities that, owing to law, custom, or banking practice in foreign countries, have characteristics

similar to those defined for Schedule RC-E, Part I.

(4) Any other foreign office liability that is treated as a deposit by the laws, local custom, or banking

practice of the country in which it is booked.

Report any nondeposit borrowing of an office in a foreign country as a borrowing in Schedule RC-M,

item 5.b, "Other borrowings," or in other items, as appropriate.

When it is not clear whether a liability in a foreign office should be treated as a deposit or as a borrowing,

treat it as a deposit. Report all deposits in IBFs in Schedule RC-E, Part II, whether in the form of deposits,

borrowings, placements, or similar instruments. Exclude IBF liabilities in the form of securities sold under

agreements to repurchase (report in Schedule RC, item 14.b), borrowings of immediately available funds

that have an original maturity of one business day or roll over under a continuing contract that are not

securities repurchase agreements (report in Schedule RC-M, item 5.b), and accrued liabilities, such as

interest accrued but unpaid (report in Schedule RC-G, item 1.b).

For a discussion of deposits in foreign offices, see the Glossary entry for "borrowings and deposits in

foreign offices."

Reciprocal balances between foreign offices of the reporting bank and other depository institutions may

be reported on a net basis in accordance with generally accepted accounting principles.

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FFIEC 031 and 041 RC-E-22 RC-E - DEPOSITS

(6-20)

Part II. Deposits in Foreign Offices (cont.)

Item Instructions

Item No. Caption and Instructions

NOTE: Items 1 through 6 are to be completed by institutions with $10 billion or more in total assets.

1 Deposits of individuals, partnerships, and corporations (include all certified and official

checks). Report all balances in foreign offices standing to the credit of individuals,

partnerships, and corporations (as defined for Schedule RC-E, Part I, item 1). Report all

certified and official checks issued by foreign offices of the reporting bank (as defined for

Schedule RC-E, Part I, item 1). Also report all other liabilities that, owing to law, custom, or

banking practice in foreign countries, have characteristics similar to those specified for

domestic offices.

2 Deposits of U.S. banks (including IBFs and foreign branches of U.S. banks) and other

U.S. depository institutions. Report all deposit balances in foreign offices of the reporting

bank standing to the credit of banks and other depository institutions headquartered and

chartered in the United States. Include both U.S. and non-U.S. branches of U.S. commercial

banks and other depository institutions as well as IBFs established by U.S. commercial banks.

Exclude U.S. branches and agencies of foreign banks and IBFs established by such branches

and agencies. (See the Glossary entry for "banks, U.S. and foreign" for the definition of U.S.

banks and the Glossary entry for "depository institutions in the U.S." for further discussion of

this term).

3 Deposits of foreign banks (including U.S. branches and agencies of foreign banks,

including their IBFs). Report all balances in foreign offices of the reporting bank standing

to the credit of banks headquartered and chartered in foreign countries. Include both U.S.

and non-U.S. branches of foreign banks and IBFs established by U.S. branches and

agencies of foreign banks. Exclude foreign offices of U.S. banks. (See the Glossary entry

for "banks, U.S. and foreign" for the definition of foreign banks.)

4 Deposits of foreign governments and official institutions. Report all balances in foreign

offices standing to the credit of foreign governments and official institutions, including foreign

central banks. (See the Glossary entry for "foreign governments and official institutions" for

the definition of this term.)

5 Deposits of U.S. Government and states and political subdivisions in the U.S. Report

all balances in foreign offices standing to the credit of the U.S. Government and states and

political subdivisions in the U.S. (as defined for Schedule RC-E, Part I, items 2 and 3).

6 Total. Report the sum of items 1 through 5. This item must equal Schedule RC, item 13.b,

"Deposits in foreign offices, Edge and Agreement subsidiaries, and IBFs."

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FFIEC 031 and 041 RC-E-23 RC-E - DEPOSITS

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Memorandum

Item No. Caption and Instructions

NOTE: Memorandum item 1 is to be completed by all institutions.

1 Time deposits with a remaining maturity of one year or less. Report all time deposits in

foreign offices with remaining maturities of one year or less. Remaining maturity is the

amount of time remaining from the report date until the final contractual maturity of a time

deposit. The time deposits included in this item will also have been reported in Schedule RC,

item 13.b.

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