Weekly Report of Selected Assets and Liabilities of Domestically Chartered Commercial Banks and U.S. Branches and Agencies of Foreign Banks

FR 2644

Weekly Report of Selected Assets
INSTRUCTIONS
Purpose of Report
This report provides basic data from U.S. commercial
banks for estimating bank credit and nondeposit
sources of funds and for analyzing banking and
monetary developments.

Scope
The Weekly Report of Selected Assets (FR 2644) is a
subset of the quarterly Report of Condition (referred to
as the “Call Report”), which is required to be submitted to
the federal banking supervisory agencies. The weekly
report covers only the domestic offices of the reporting
banks: the banks’ head offices; all branches located in
the 50 states of the United States, in the District of
Columbia, or on a U.S. military facility wherever located;
and subsidiaries (except Edge and agreement
corporations) located in the 50 states of the United States
or the District of Columbia that are consolidated in the
domestic-office Call Report. (Please note that
International Banking Facilities (IBFs) are foreign, not
domestic, offices of the reporting bank.) For banks with
only domestic offices, the coverage is the same as the
Consolidated Reports of Condition and Income for a Bank
with Domestic Offices only (FFIEC 041). For banks with
“foreign” offices (that is, branches or subsidiaries located
in Puerto Rico, in U.S. territories or possessions, or in
foreign countries); Edge or agreement subsidiaries
(including both their U.S. and their foreign offices); or an
IBF, the coverage is the same as the domestic-office part
of the Consolidated Reports of Condition and Income for
a Bank with Domestic and Foreign Offices (FFIEC 031).

Preparation of Reports
Report all balances as of the close of business on
Wednesday of each week. All dollar amounts should be
reported to the nearest thousand. No negative entries
are appropriate for this report.

Consolidation and Inter-Office Relationships
A. For banks with domestic offices only. The basis
and instructions for consolidation correspond to the FFIEC
041. That is, domestic branches and majority-owned
domestic subsidiaries that meet the tests of significance
(as described in the General Instructions of the Call
July 4, 2007

Report) are to be fully consolidated line by line on this
report. However, accounts of domestic subsidiaries that
are not available on a timely basis may be consolidated
with a lag, or amounts reported for such subsidiaries may
be estimated for use in the weekly process of
consolidation.
B. For banks with “foreign” offices. The basis and
instructions for consolidation correspond to the domesticoffice part of the FFIEC 031. That is, domestic branches
and majority-owned domestic subsidiaries that meet the
tests of significance (as described in the General
Instructions of the Call Report) are to be fully consolidated
line by line on this report. However, accounts of domestic
subsidiaries that are not available on a timely basis may
be consolidated with a lag, or amounts reported for such
subsidiaries may be estimated for use in the weekly
process of consolidation.
Moreover, all individual asset and liability items (except
item 5, “Total assets”) should exclude, to the extent
possible, the asset and liability relationships with “foreign”
offices. For purposes of this report, all such relationships
and transactions should be reported on a net basis either
as a “Net due from foreign offices” in item M.5 and item
5, “Total assets,” or as a “Net due to foreign offices” in
item M.6. Where line-by-line exclusion of transactions
with foreign offices is not possible within the given time
schedule, amounts to be excluded may be estimated.

Mergers and Other Structure Changes
In case of mergers or acquisitions, respondents should
contact their respective Federal Reserve Bank. The
Federal Reserve Bank may request special information
on the effects of the merger or acquisition on the data
contained in this report.

Foreign (Non-U.S.) Currency-Denominated
Transactions
Conversions to U.S. dollars. Transactions denominated
in non-U.S. currency must be valued in U.S. dollars each
reporting week at either the exchange rate prevailing on
the Tuesday immediately preceding (that is, the day
before) the Wednesday report date or the exchange rate
prevailing on the Wednesday report date.

FR 2644
Page 2

Regardless of which of the above two options is elected,
the exchange rates to be used for this conversion are
either the 10:00 a.m. rates quoted for major currencies
by the Federal Reserve Bank of New York for customs
purposes, or some other consistent series of exchange
rate quotations. (If deposits are issued in European
Currency Units (ECU) or some other currency basket,
consistent series of exchange rate quotations either for
the basket unit or for the corresponding individual
exchange rates may be used.)
Once respondents choose to value foreign currency
transactions by using either the Tuesday method or the
report day method, they must use that method
consistently over time for all Federal Reserve reports. If
at some future time thereafter respondents wish to
change their valuation procedure from one of these two
methods to the other, the change must be applied to all
Federal Reserve reports and then used consistently
thereafter. Respondents should notify their respective
Federal Reserve Bank of any such change.

Definitions
In general, definitions of items on the weekly report
correspond to item definitions on the Call Report. Tables
that indicate the item-by-item relationship between this
report and the quarterly Reports of Condition (FFIEC 031
and 041) accompany these instructions. For banks that
have only domestic offices, the stated Call Report item
references are to the FFIEC 041. For banks with “foreign”
offices, such references are to the domestic-office portion
of the FFIEC 031.
For those items that correspond exactly to items on the
Call Report, definitions are not repeated in these
instructions. For such definitions, please refer to the
instructions for preparation of the Call Report. For items
that do not correspond exactly to Call Report items, or
where additional instructions are needed, specific
instructions are provided below.

Supplementary Instructions
Treatment of trading assets. For this report, as on the
Call Report, the treatment of trading assets varies by the
asset size of the reporting bank.
A. For banks that do not file Call Report Schedule
RC-D. All trading assets (corresponding to Call
Report Schedule RC, item 5) should be included in

item 5, “Total assets” of the FR 2644, and should not
be included in any other item on this report.
B. For banks that do file Call Report Schedule RC-D.
All trading assets should be included in item 5, “Total
assets” of the FR 2644, and should also be allocated
to certain other items of this report as follows:
a.

U.S. Treasury securities and U.S. Government
agency obligations held in trading assets
(corresponding to Call Report Schedule RC-D,
items 1 +2 + 4.a + 4.b) should be included in item
1 of the FR 2644.

b.

All other securities and assets in trading assets
(corresponding to Call Report Schedule RC-D,
items 3 + 4.c + 5 + 6 + 9 + 11) should be included
in item 2 of the FR 2644.

Item 2. Other Securities. Include all other securities
held to maturity and those available for sale, except for
U.S. Treasury securities and U.S. Government agency
obligations. Include commercial paper and bankers
acceptances. In addition, banks that file Call Report
Schedule RC-D should include all trading assets except
for U.S. Treasury securities and U.S. Government agency
obligations held in trading; this includes commercial paper,
derivatives with a positive fair value held in trading, and
loans measured at fair value and included in Schedule
RC-D.
Item 4. Loans and leases. Please note that item 4 should
equal the sum of the amounts reported in items 4.a(1)
through 4.e of this report.
In conformity with their treatment on the FFIEC 031 and
041, loans (items 4.a(1) through 4.e) should be reported
net of unearned income to the extent possible. Netting for
any remaining unearned income should be performed on
the FR 2644 loan item(s) most likely responsible for the
unearned income. (That is, FR 2644 loan item(s) 4.a(1)
through 4.e should be reduced judgmentally by the amount
of any remaining unearned income.)
Item 4.b. Loans to, and acceptances of, commercial
banks in the U.S. (including U.S. branches and
agencies of foreign banks). For the definition of
“Commercial banks in the U.S.,” please refer to the
Glossary section of the Call Report instructions.

July 4, 2007

FR 2644
Page 3

Item 4.e. All other loans. This item includes all loan
and leases as reported on Schedule RC-C of the Call
Report and not reported in items 4.a(1) through 4.d of
this report. Note that this item includes several items that
are reported separately on the Call Report: loans to other
(nonbank) depository institutions in the U.S., loans to
banks in foreign countries, loans to foreign governments
and official institutions, loans to finance agricultural
production and other loans to farmers, obligations (other
than securities) of state and political subdivisions in the
U.S., loans for purchasing or carrying securities, and lease
financing receivables (net of unearned income).
Consistent with the Call Report, this item includes loans
to nonbank financial institutions.
All other loans also include certain unplanned overdrafts.
Overdrafts are either planned or unplanned. Unplanned
overdrafts occur when a depository institution honors a
check or draft drawn against a deposit account containing
insufficient funds and there is no advance contractual
agreement to honor the check or draft. Unplanned
overdrafts should be reported in item 4.e, “All other loans,”
except if the overdrawn depositor is a commercial bank
in the United States. Unplanned overdrafts in this account
should be reported in item 4.b, “Loans to, and acceptances
of, commercial banks.”
Planned overdrafts occur when a contractual agreement
has been made in advance to allow such credit extensions.
Planned overdrafts should be classified as loans according
to the nature of the overdrawn depositor. For example, a
planned overdraft by a nonfinancial firm should be included
in item 4.c.
Also, see instructions above for item 4 for treatment of
unearned income.
Item M.1. Borrowings. This item consists of demand
notes issued to the U.S. Treasury, federal funds purchased
and securities sold under agreements to repurchase, and
other borrowed money. Borrowings to be included in item
M.1 of the FR 2644 are equivalent to Call Report items
(see attached tables).
For item M.1.a, see the Glossary section of the Call Report
instructions for the definition of “Commercial banks in the
U.S.”
For item M.1.b, include borrowings from all other entities
including a Federal Reserve Bank or Federal Home Loan
Bank.

Item M.2. Mortgage-backed securities (included in
items 1 and 2 above). This item includes both U.S.
Government-issued and private mortgage-backed
securities and includes both pass-throughs and CMOs
(or REMICs). This item excludes mortgage-backed
securities held in trading assets.
Item M.3.a. Credit cards and related plans. This item
is comparable to item 1, Col. C, “Credit Card Receivables,”
and part of item 1, Col. E, “Other Consumer Loans,” which
includes other revolving credit plans on Schedule RC-S
of the Call Report.
Item M.3.b. Other. This item is comparable to item 1,
Col. D, “Auto Loans,” and part of item 1, Col. E, “Other
Consumer Loans,” which includes single payment,
installment, and all student loans on Schedule RC-S of
the Call Report.
Item M.4. Real estate loans (corresponds to credit
type covered by item 4.a above). Outstanding principal
balance of assets sold and securitized with servicing
retained or with recourse or other seller provided
enhancements. The conduits into which the loans are
sold finance the purchase of the loans by issuing
securities, often referred to as collateralized loan
obligations, or sometimes collateralized bond obligations,
collateralized debt obligations, or collateralized mortgage
obligations. The amounts reported should include all loans
that have been sold and securitized and that are still
outstanding. Because they have been reported as sold,
these securitized real estate loans are no longer included
as assets on the balance sheet of the reporting bank and
thus are not reported in item 4.a above. This item is
comparable to the Call Report Schedule RC-S, item 1,
Column A, “1-4 Family Residential Loans,” plus item 1,
Column B, “Home Equity Lines,” plus part of item 1,
Column G, “All Other Loans, All Leases, and All Other
Assets,” which includes commercial real estate loans.
Item M.5. Net due from own foreign offices, Edge
and agreement subsidiaries, and IBFs. This item is
only reported by banks that file the FFIEC 031 report and
corresponds to Call Report Schedule RC-H, item 6.
Report a balance in M.5 or M.6, but not both.
Item M.6. Net due to own foreign offices, Edge and
agreement subsidiaries, and IBFs. This item is only
reported by banks that file the FFIEC 031 report and
corresponds to Call Report Schedule RC-H, item 7.
Report a balance in M.5 or M.6, but not both.

July 4, 2007

FR 2644
Page 4

Relationship of FR 2644 Items to Items on the Quarterly Report of Condition (FFIEC 031)
FR 2644
ASSETS
Item 1
Non RC-D Reporter:
RC-D Reporter:
Item 21
Non RC-D Reporter:

FFIEC 031 (For banks with both domestic and foreign offices)

RC-B, Domestic office part of Columns A + D, Items 1 + 2.a + 2.b + 4.a(1) + 4.a(2) + 4.b(1)
RC-B, Domestic office part of Columns A + D, Items 1 + 2.a + 2.b + 4.a(1) + 4.a(2) + 4.b(1) +
RC-D, Column B, Items 1 + 2 + 4.a + 4.b

RC-B, Domestic office part of Columns A + D, Items 3 + 4.a(3) + 4.b(2) + 4.b(3) + 5 + 6.a +
6.b + Column D, Item 7

RC-D Reporter:

RC-B, Domestic office part of Columns A + D, Items 3 + 4.a(3) + 4.b(2) + 4.b(3) + 5 + 6.a +
6.b + Column D, Item 7 +
RC-D, Column B, Items 3 + 4.c + 5 + 6.a(1) + 6.a(2) + 6.a(3)(a) + 6.a(3)(b)(1) + 6.a(3)(b)(2) +
6.a(4) + 6.a(5) + 6.b + 6.c(1) + 6.c(2) + 6.c(3) + 6.d + 9 + 11

Item 3

RC,

Item 41

RC-C, Part I, Column B, Items 1 through 10 minus 11

Item 4.a(1)

RC-C, Part I, Column B, Item 1.c(1)

Item 4.a(2)

RC-C, Part I, Column B, Items 1.a(1) + 1.a(2) + 1.b + 1.d + 1.e(1) + 1.e(2)

Item 4.a(3)

RC-C, Part I, Column B, Items 1.c(2)(a) + 1.c(2)(b)

Item 4.b

RC-C, Part I, Column B, Item 2.a

Item 4.c

RC-C, Part I, Column B, Items 4.a + 4.b

Item 4.d(1)

RC-C, Part I, Column B, Items 6.a + 6.b

Item 4.d(2)

RC-C, Part I, Column B, Item 6.c

Item 4.e1

RC-C, Part I, Column B, Items 2.b + 2.c + 3 + 7 + 8 + 9.a + 9.b + 10

Item 5

RC-H, Items 6 + 8

Item 3.a + RC-H, Item 3

MEMORANDA
Item M.1.a1

RC,
Part of Item 14.a from commercial banks +
RC-H, Part of Items 4 + 5 from commercial banks

Item M.1.b1

RC,
Part of Item 14.a from noncommercial banks +
RC-H, Part of Items 4 + 5 from noncommercial banks

Item M.21

RC-B, Domestic office part of Columns A + D, Items 4.a(1) + 4.a(2) + 4.a(3) +
4.b(1) + 4.b(2) + 4.b(3)

Item M.3.a1

RC-S, Domestic office part of Column C + Part of Column E, Item 1

Item M.3.b1

RC-S, Domestic office part of Column D + Part of Column E, Item 1

Item M.4

RC-S, Domestic office part of Columns A + B + Part of Column G, Item 1

Item M.51

RC-H, Item 62

Item M.61

RC-H, Item 72

1.
2.

See Supplementary Instructions.
On Schedule RC-H, an amount is reported in either Item 6 or Item 7, but not both.
March 31, 2008

FR 2644
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Relationship of FR 2644 Items to Items on the Quarterly Report of Condition (FFIEC 041)
FR 2644
ASSETS
Item 1
Non RC-D Reporter:
RC-D Reporter:
Item 21
Non RC-D Reporter:

FFIEC 041 $300 Million or More in Total Assets

RC-B, Columns A + D, Items 1 + 2.a + 2.b + 4.a(1) + 4.a(2) + 4.b(1)
RC-B, Columns A + D, Items 1 + 2.a + 2.b + 4.a(1) + 4.a(2) + 4.b(1) +
RC-D, Items 1 + 2 + 4.a + 4.b

RC-B, Columns A + D, Items 3 + 4.a(3) + 4.b(2) + 4.b(3) + 5 + 6.a + 6.b + Column D, Item 7

RC-D Reporter:

RC-B, Columns A + D, Items 3 + 4.a(3) + 4.b(2) + 4.b(3) + 5 + 6.a + 6.b + Column D, Item 7 +
RC-D, Items 3 + 4.c + 5 + 6.a(1) + 6.a(2) + 6.a(3)(a) + 6.a(3)(b)(1) + 6.a(3)(b)(2) +
6.a(4) + 6.a(5) + 6.b + 6.c(1) + 6.c(2) + 6.c(3) + 6.d + 9 + 11

Item 3

RC,

Item 41

RC-C, Part I, Column B, Items 1 through 10 minus 11

Item 4.a(1)

RC-C, Part I, Column B, Item 1.c(1)

Item 4.a(2)

RC-C, Part I, Column B, Items 1.a(1) + 1.a(2) + 1.b + 1.d + 1.e(1) + 1.e(2)

Item 4.a(3)

RC-C, Part I, Column B, Items 1.c(2)(a) + 1.c(2)(b)

Item 4.b

RC-C, Part I, Column A, Items 2.a(1) + 2.a(2)

Item 4.c

RC-C, Part I, Column B, Item 4

Item 4.d(1)

RC-C, Part I, Column B, Items 6.a + 6.b

Item 4.d(2)

RC-C, Part I, Column B, Item 6.c

Item 4.e1

RC-C, Part I, Column A, Items 2.b + 2.c(1) + 2.c(2) + Column B, Items 3 + 7 + 8 + 9 + 10

Item 5

RC,

Items 3.a + 3.b

Item 12

MEMORANDA
Item M.1.a1

RC,
Part of Items 14.a + 14.b from commercial banks +
RC-M, Part of Items 5.b(1)(a) + 5.b(1)(b) + 5.b(1)(c) + 5.b(1)(d) from commercial banks

Item M.1.b1

RC,
Part of Items 14.a + 14.b from noncommercial banks +
RC-M, Items 5.a(1)(a) + 5.a(1)(b) + 5.a(1)(c) + 5.a(1)(d) + Part of Items 5.b(1)(a) +
5.b(1)(b) + 5.b(1)(c) + 5.b(1)(d) from noncommercial banks

Item M.21

RC-B, Columns A + D, Items 4.a(1) + 4.a(2) + 4.a(3) + 4.b(1) + 4.b(2) + 4.b(3)

Item M.3.a1

RC-S, Column C + Part of Column E, Item 1

Item M.3.b1

RC-S, Column D + Part of Column E, Item 1

Item M.4

RC-S, Columns A + B + Part of Column G, Item 1

Item M.51

Not applicable

Item M.61

Not applicable

1.

See Supplementary Instructions.
March 31, 2008

FR 2644
Page 6

Relationship of FR 2644 Items to Items on the Quarterly Report of Condition (FFIEC 041)
FR 2644

FFIEC 041 Less Than $300 Million in Total Assets

ASSETS
Item 1
Non RC-D Reporter:
RC-D Reporter:
Item 21
Non RC-D Reporter:

RC-B, Columns A + D, Items 1 + 2.a + 2.b + 4.a(1) + 4.a(2) + 4.b(1)
RC-B, Columns A + D, Items 1 + 2.a + 2.b + 4.a(1) + 4.a(2) + 4.b(1) +
RC-D, Items 1 + 2 + 4.a + 4.b

RC-B, Columns A + D, Items 3 + 4.a(3) + 4.b(2) + 4.b(3) + 5 + 6.a + 6.b + Column D, Item 7

RC-D Reporter:

RC-B, Columns A + D, Items 3 + 4.a(3) + 4.b(2) + 4.b(3) + 5 + 6.a + 6.b + Column D, Item 7 +
RC-D, Items 3 + 4.c + 5 + 6.a(1) + 6.a(2) + 6.a(3)(a) + 6.a(3)(b)(1) + 6.a(3)(b)(2) + 6.a(4) +
6.a(5) + 6.b + 6.c(1) + 6.c(2) + 6.c(3) + 6.d + 9 + 11

Item 3

RC,

Item 41

RC-C, Part I, Column B, Items 1 through 10 minus 11

Item 4.a(1)

RC-C, Part I, Column B, Item 1.c(1)

Item 4.a(2)

RC-C, Part I, Column B, Items 1.a(1) + 1.a(2) + 1.b + 1.d + 1.e(1) + 1.e(2)

Item 4.a(3)

RC-C, Part I, Column B, Items 1.c(2)(a) + 1.c(2)(b)

Item 4.b

RC-C, Part I, Column B, part of Item 2 to commercial banks

Item 4.c

RC-C, Part I, Column B, Item 4

Item 4.d(1)

RC-C, Part I, Column B, Items 6.a + 6.b

Item 4.d(2)

RC-C, Part I, Column B, Item 6.c

Item 4.e1

RC-C, Part I, Column B, part of Item 2 to other depository institutions in the U.S. and to banks in
foreign countries + Items 3 + 7 + 8 + 9 + 10

Item 5

RC,

Items 3.a + 3.b

Item 12

MEMORANDA
Item M.1.a1

RC,
Part of Items 14.a + 14.b from commercial banks +
RC-M, Part of Items 5.b(1)(a) + 5.b(1)(b) + 5.b(1)(c) + 5.b(1)(d) from commercial banks

Item M.1.b1

RC,
Part of Items 14.a + 14.b from noncommercial banks +
RC-M, Items 5.a(1)(a) + 5.a(1)(b) + 5.a(1)(c) + 5.a(1)(d) + Part of Items 5.b(1)(a) + 5.b(1)(b) +
5.b(1)(c) + 5.b(1)(d) from noncommercial banks

Item M.21

RC-B, Columns A + D, Items 4.a(1) + 4.a(2) + 4.a(3) + 4.b(1) + 4.b(2) + 4.b(3)

Item M.3.a1

RC-S, Column C + Part of Column E, Item 1

Item M.3.b1

RC-S, Column D + Part of Column E, Item 1

Item M.4

RC-S, Column A + Column B + part of Column G, Item 1

Item M.51

Not applicable

Item M.61

Not applicable

1.

See Supplementary Instructions.
March 31, 2008