Annual Report of Deposits and Reservable Liabilities

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

These instructions are organized into four sections: Section A
presents general instructions; Section B presents definitions of
terms that are applicable to the report as a whole; Section C
presents detailed definitions and the classification of deposits;
and Section D presents instructions for the items on the report.
In addition, a separate worksheet is provided to assist
institutions in calculating the items to be reported.
A. GENERAL INSTRUCTIONS
Who Must Report. This report is required from each of the
following types of depository institutions with net transaction
accounts less than or equal to $10.7 million (the “exemption
amount”), and with total deposits greater than $10.7 million,
and with total transaction accounts, savings deposits, and
small time deposits less than $1.415 billion (the “reduced
reporting limit”):1
1.

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

2.

Mutual or stock savings banks.

3.

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

4.

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

In addition, depository institutions for which no deposit data
are available, and therefore whose deposit size is unknown, are
1. The exemption amount is the amount of a depository
institution’s total reservable liabilities that is subject to a zeropercent reserve requirement. The reduced reporting limit is the
amount of total transaction accounts, savings deposits, and small
time deposits, if equaled or exceeded at a depository institution,
whereby the institution must report the FR 2900 weekly, regardless
of the level of its net transaction accounts. The Federal Reserve
determines the exemption amount and the reduced reporting limit on
the basis of June 30 data each year, to be effective the following
year.
The specific procedures and periods used by the Federal Reserve
to determine the reporting panel for the FR 2910a, as well as for other
deposit reports, are described in the chapter titled “Reporting
Requirements” of the Reserve Maintenance Manual issued by the
Federal Reserve (available upon request from an institution’s local
Federal Reserve Bank and on the Federal Reserve Board’s website at
http://www.frbservices.org/Accounting/pdf/rmm.pdf).

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

1.

Treasury Tax and Loan Account Note Balances (but
include Treasury Tax and Loan Demand Deposits).

2.

Subordinated notes and debentures with a weighted
average maturity of five years or longer and with the
permission of the appropriate regulatory authority.

3.

Repurchase agreements involving obligations of, or
obligations fully guaranteed as to principal and interest by,
the U.S. government or a federal agency, regardless of
whether transacted with “exempt entities” or “nonexempt
entities.”

4.

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

1.

Any obligation that can be sold or transferred to another
party without the knowledge of the reporting institution,
regardless to whom the obligation was initially issued.

2.

Purchases of federal funds from “nonexempt entities” (as
defined below).

5.

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

3.

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

6.

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

7.

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

4.

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

5.

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

6.

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

Except for due bills described above, primary obligations
undertaken with “exempt entities” (as defined below) are not
deposits under Regulation D. Note, however, that those
liabilities which the reporting institution books as deposits (or
shares) are always deposits, regardless of the status of the
depositor.
For purposes of this report, exclude the following obligations
from deposits and primary obligations:
2. This treatment, however, does not apply to normal mortgage loan
participation transactions where the buyer and seller of a participation
in a mortgage loan or pool of mortgages share all the risk of loss on a
pro rata basis. In such instances, any funds raised through the sale of
such participations are not considered “primary obligations.”

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

The use of ineligible acceptances (including finance bills).

2.

Issuance of certain obligations by nonconsolidated
affiliates.

3.

Borrowings from sources outside the United States.

4.

Certain positions with the reporting institution’s foreign
branches and its International Banking Facility (IBF).
These instructions do not address the treatment of these
obligations. If the reporting institution has obtained funds
in one or more of these ways, it should check the box that
appears on the front of the FR 2910a reporting form; the
reporting institution will be contacted by the appropriate
Federal Reserve Bank for additional information.

Exempt/Nonexempt Entities. Please note that the terms
“exempt entities” and “nonexempt entities” used in these
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instructions apply to the classification of “primary obligations”
as described earlier and do not apply to the reporting status of
the reporting institution or to the exemption of a depository
institution from federal reserve requirements. The term
“exempt entities” that is used in these instructions with respect
to “primary obligations” refers to U.S. offices of the following
institutions:
1.

U.S. commercial banks and trust companies and their
majority-owned subsidiaries.

2.

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

3.

Banking Edge Act and agreement corporations.

4.

Mutual and stock savings banks.

5.

Building, savings and loan, and homestead associations.

6.

Cooperative banks.

7.

Industrial banks.

8.

Credit unions (including corporate central credit unions).

9.

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

entities” include, but are not limited to, individuals,
partnerships, and corporations; state and local governments;
and brokers and nonbank dealers in securities other than those
described in item 13 of the definition of “exempt entities.”
Month. The instructions in Section C address the number of
withdrawals or transfers that are permitted each “month” from
certain types of deposit accounts. When used in this context,
the term “month” is defined as a calendar month or statement
cycle (or similar period) of at least four weeks.
U.S./Non-U.S. For purposes of this report, the term “United
States” (or “U.S.”) is defined as the 50 states of the United
States, the District of Columbia, and U.S. military facilities,
wherever located. The terms “non-U.S.” and “foreign” are
defined as Puerto Rico, territories and possessions of the
United States, and all countries other than the United States,
but excludes U.S. military facilities, wherever located.
C. CLASSIFICATION OF DEPOSITS

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

For purposes of this report, all “deposits” (including “primary
obligations” described above) are classified as transaction
accounts, savings deposits, or time deposits as defined below.
1. Transaction Accounts. With exceptions noted below,
transaction accounts are defined as deposits or accounts from
which the depositor or account holder is permitted to make
transfers or withdrawals by negotiable or transferable
instruments, payment orders of withdrawal, telephone transfers,
or other similar devices for the purpose of making payments or
transfers to third persons or others or from which the depositor
may make third-party payments at an automated teller machine
(ATM) or a remote service unit (RSU), or other electronic
device, including by debit card.
Savings deposits (including money market deposit accounts
(MMDAs)), as defined below, are excluded from transaction
accounts even though such deposits permit some third-party
transfers. However, as noted in the definition of savings
deposits, any account that otherwise meets the definition of a
savings deposit but that authorizes or permits the depositor to
exceed the withdrawal or transfer limitations for that account
shall be regarded as a transaction account.
Transaction accounts consist of the following types of deposits,
as defined below:
A.
B.
C.
D.
E.

Demand deposits.
Negotiable Orders of Withdrawal (NOW) accounts.
Share draft accounts.
Automatic Transfer Service (ATS) accounts.
Telephone and preauthorized transfer accounts.

Also included in transaction accounts is interest (or dividends)
paid by crediting transaction accounts.
A. Demand deposits are deposits that are payable
immediately on demand, or that are issued with an original
maturity or required notice period of less than seven days,
or that represent funds for which the reporting institution
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institution, until the amount of the checks is remitted
to another party.

does not reserve the right to require at least seven days'
written notice of an intended withdrawal.
For purposes of this report, demand deposits include the
accounts listed below:
1.

2.

4.

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

Checking accounts, noninterest bearing negotiable
orders of withdrawal (NINOW) accounts, and
payment order of withdrawal (POW) accounts.
Demand deposits do not include NOW accounts,
share draft accounts, ATS accounts, or MMDAs.

5.

Unposted credits.

6.

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

Cashier's checks, certified checks, teller’s checks,
money orders, and other officer's checks issued for
any purpose including those issued in payment for
services, dividends, or purchases that are drawn on
the reporting institution by any of its duly authorized
officers and that are outstanding on the report date.3
This includes:

7.

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

8.

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

9.

Credit balances that meet the definition of demand
deposits.

a.

b.

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

c.

3.

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

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

3. A teller’s check is a check or draft drawn by a depository
institution on another depository institution, a Federal Reserve Bank,
or a Federal Home Loan Bank, or payable at or through a depository
institution, Federal Reserve Bank, or a Federal Home Loan Bank.
Teller’s checks do not include checks or drafts sold by a bank acting
in an agency capacity where that capacity is clearly stated on the face
of the check or checks or drafts drawn without recourse where
permitted by state law.

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

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

2.

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

3.

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

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

Savings deposit also means a deposit or account, such as an
account commonly known as a passbook savings account, a
statement savings account, or a money market deposit account
(MMDA), that otherwise meets the requirements of the
preceding paragraph and from which, under the terms of the
deposit contract or by practice of the reporting institution, the
depositor is permitted or authorized to make no more than six
transfers and withdrawals, or a combination of such transfers
and withdrawals, per calendar month or statement cycle (or
similar period) of at least four weeks, to another account
(including a transaction account) of the depositor at the same
institution or to a third party by means of a preauthorized or
automatic transfer, or telephonic (including data transmission)
agreement, order or instruction, or by check, draft, debit card,
or similar order made by the depositor and payable to third
parties. (See Regulation D for procedures to be followed for
ensuring that the permissible number of transfers is not
exceeded.) Transfers from savings deposits for purposes of
covering overdrafts (overdraft protection plans) are included
under the withdrawal limits specified for savings deposits.
Any depository institution may place restrictions and
requirements on savings deposits in addition to those stipulated
above and in Regulation D. In the case of such further
restrictions, the account would still be reported as a savings
deposit. On the other hand, an account that otherwise meets
the definition of a savings deposit but that authorizes or permits
the depositor to exceed the six-transfer/withdrawal rule
described above is a transaction account. (A reporting
institution should contact its local Federal Reserve Bank for
further information.)
Multiple savings accounts where the reporting institution
suggests, or otherwise promotes, multiple accounts to permit
transfers in excess of the limits applicable to individual
accounts are classified as transaction accounts and reported as
such.
Include the following accounts in savings deposits:
A. Credit union regular share accounts (but not share draft
accounts).
B. Escrow accounts, trust accounts, club accounts, and credit
balances that meet the definition of savings deposits.
C. Interest or dividends paid and credited to savings deposit
accounts.
D. Individual Retirement Accounts (IRA) or Keogh Plan
Accounts held in the form of savings deposits.
E. Matured time deposits if the contract calls for conversion
to a savings deposit upon maturity.
Exclude the following accounts from savings deposits:
A. All transaction accounts.
B. Any accounts that are savings deposits in form but that the
Federal Reserve Board has determined, by rule or order, to
be transaction accounts.
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C. Special passbook or statement accounts, such as “ninetyday notice accounts,” “golden passbook accounts,” or
savings certificates that have a specified original maturity
or required notice period of seven days or more.
D. Interest accrued but not yet paid or credited to a savings
deposit or share account.
3. Time Deposits. Time deposits are defined as deposits
(including “primary obligations” described in Section B) that
the depositor does not have a right, and is not permitted, to
make withdrawals from within six days after the date of deposit
unless the deposit is subject to an early withdrawal penalty of
at least seven days' simple interest on amounts withdrawn
within the first six days after deposit. A time deposit from
which partial early withdrawals are permitted must impose
additional early withdrawal penalties of at least seven days'
simple interest on amounts withdrawn within six days after
each partial withdrawal. If such additional early withdrawal
penalties are not imposed, the account ceases to be a time
deposit. The account may become a savings deposit if it meets
the requirements for a savings deposit; otherwise, it becomes a
demand deposit. (Note: These prescribed penalties are the
minimum required by Federal Reserve Regulation D.
Institutions may choose to require penalties for early
withdrawal in excess of the regulatory minimums.)
Include the following as time deposits:
A. Funds that are payable on a specified date not less than
seven days after the date of deposit or payable at the
expiration of a specified time not less than seven days after
the date of deposit, or payable only upon written notice
that is actually required to be given by the depositor not
less than seven days prior to withdrawal.
B. Time certificates of deposit or credit union share
certificates and certificates of indebtedness (whether
negotiable or nonnegotiable).
C. Time deposit open accounts or credit union share
certificate open accounts.
D. Time deposit passbook accounts, savings certificates, and
notice accounts.
E. Escrow funds, trust accounts, club accounts, or credit
balances that meet the definition of time deposits.
F.

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

G. Time deposits or share certificates maintained as
compensating balances or pledged as collateral for loans.
H. All interest or dividends paid by crediting time deposit
accounts.
Exclude from time deposits the following categories of
liabilities even if they have an original maturity of seven days
or more:

A. Any deposit or account that otherwise meets the definition
of a time deposit but that allows withdrawals within the
first six days after deposit and that does not require an
early withdrawal penalty of at least seven days' simple
interest on amounts withdrawn within those first six days.
Such deposits or accounts that meet the definition of a
savings deposit (or credit union share account) shall be
regarded as savings deposits; otherwise, they shall be
regarded as demand deposits and thus included in
transaction accounts.
B. The remaining balance of a time deposit if a partial early
withdrawal is made and the remaining balance is not
subject to additional early withdrawal penalties of at least
seven days' simple interest on amounts withdrawn within
six days after each partial withdrawal. Such deposits that
meet the definition of a savings deposit (or credit union
share account) shall be regarded as savings deposits;
otherwise, they shall be regarded as demand deposits and
thus included in transaction accounts.
C. Any accounts that are time deposits in form but that the
Federal Reserve Board has determined, by rule or order, to
be transaction accounts.
D. Matured time deposits that are not automatically renewed
(reported as transaction accounts or savings deposits, as
appropriate).
E. Interest or dividends accrued but not yet paid or credited
to a time deposit or share certificate account.
D. ITEM-BY-ITEM INSTRUCTIONS
Item 1. Total Transaction Accounts, Savings Deposits, and
Small Time Deposits. Report in this item the balance of all
“deposits” (including “primary obligations” as defined in
Section B above), less all time deposits with balances of
$100,000 or more. This item includes total transaction
accounts, total savings deposits, and total time deposits,
regardless of maturity, as defined in Section C above, less all
time deposits with balances of $100,000 or more.
The following list provides examples of time deposits with
balances of $100,000 or more, which should be excluded
from Item 1:
A. Negotiable and nonnegotiable and transferable and
nontransferable certificates of deposit issued in
denominations of $100,000 or more, time deposit open
accounts or credit union share certificate open accounts,
and other time deposits having balances of $100,000 or
more.
B. Time deposits originally issued in denominations of less
than $100,000 but, because of interest paid or credited, or
because of additional deposits, now have a balance of
$100,000 or more.
C. The balance of all primary obligations of $100,000 or
more that is included in total time deposits.
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In determining if a time deposit has a balance of $100,000 or
more, do not combine deposits that are represented by separate
certificates or accounts, even if held by the same customer.

a.

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

NOTE: Brokered deposits are funds in the form of deposits
that a depository institution receives from brokers or dealers on
behalf of individual depositors. If a reporting institution
receives brokered deposits in the form of time deposits, only
that portion of the deposit in amounts of $100,000 or more that
is credited to a single depositor should be excluded from Item
1. The remainder of the deposit is regarded as small time
deposits. For example, if a broker purchases one large
certificate of deposit (CD) for $5 million on behalf of several
depositors, and each of the underlying depositors’ shares in the
CD is less than $100,000, the entire amount of the CD should
be included in Item 1. However, if any of the underlying
depositors have balances of $100,000 or more, that portion of
the CD held by such a depositor or depositors should be
excluded from Item 1.

b.

Bankers' banks as defined in 12 CFR §204.121.

c.

Banking Edge Act and agreement corporations.

d.

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

e.

Mutual or stock savings banks.

f.

Credit unions (including corporate central credit
unions).

g.

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

If a reporting institution is unable to collect information from a
broker on the amounts credited to underlying depositors then,
generally, the entire amount of the brokered time deposit
should be included in Item 1. However, in such cases, a
reporting institution should use all available information to
determine whether there is good reason to believe amounts
credited to underlying depositors are $100,000 or greater. For
example, if the broker deals mainly with institutional
customers, then the value of each underlying share will
therefore likely be greater than $100,000, and the brokered
deposit should be excluded from Item 1.
Item 2. Reservable Liabilities. Reservable liabilities consist
of the sum of (A) net transaction accounts + (B) nonpersonal
savings deposits + (C) nonpersonal time deposits (regardless of
maturity).4 These components are defined below.
A. Net transaction accounts. Net transaction accounts
consist of total transaction accounts included in Item 1
above less (1) demand balances due from depository
institutions in the United States and (2) cash items in
process of collection, both as defined below.
NOTE: When calculating Item 2.a, Net Transaction
Accounts, your result could be negative. Please indicate a
negative result with a minus sign or parentheses around the
negative amount. (For more information on how to
calculate Net Transaction Accounts, see the FR 2910a
Worksheet.)
1.

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

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

All balances due from Federal Reserve Banks.

b.

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

c.

Time and savings deposit balances held at other
depository institutions.

d.

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

e.

Federal funds sold to other depository
institutions.

f.

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

g.

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

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

June 2011

FR 2910a
Page 8
2.

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

(7) Returned items and unposted debits.
(8) Food coupons and certificates.

a.

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

b.

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

c.

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

Exclude any items handled as noncash collections,
items for which the reporting institution already has
received credit, and credit card or debit slips.
B. Nonpersonal savings deposits: that portion of total
savings deposits that is nonpersonal, as defined below.
C. Nonpersonal time deposits: that portion of total time
deposits that is nonpersonal, as defined below, regardless
of maturity.
Nonpersonal savings and time deposits are deposits that
are transferable or in which any beneficial interest is held
by a depositor other than a natural person. A natural
person is an individual or a sole proprietorship. A natural
person is not a corporation, even if owned by an
individual, a partnership or other association.

(1) Matured bonds and coupons.
(2) Postal and other money orders, and traveler's
checks.

The following deposits in the form of savings deposits or
time deposits are considered personal, not nonpersonal (as
long as they are not transferable), and, therefore, should be
excluded from total reservable liabilities:

(3) Credit union share drafts.
1.

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

2.

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

3.

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

(4) Payable-through drafts that have been
received by the reporting institution and that
will be forwarded to another depository
institution.
(5) Broker security drafts.
(6) Amounts credited to deposit accounts in
connection with automated payment
arrangements where such credits are made
one business day prior to the scheduled
payment date to ensure that funds are
available on the payment date.

June 2011

Worksheet for Preparation of the
Annual Report of Deposits and Reservable Liabilities (FR 2910a)
For All Depository Institutions Other Than Credit Unions
This worksheet is provided to assist reporting institutions in calculating the items to be reported on the Annual Report of
Deposits and Reservable Liabilities (FR 2910a). Reporting institutions are not required to submit this worksheet to the
Federal Reserve Bank. Other methods may be used to compile these data. Please refer to the FR 2910a instructions for
definitions of terms used below.
Trans action Accounts
1. Enter NOW accounts .
2. Enter De mand de pos its , including "primary obligations" in the form of demand deposits.
(Demand deposit s also include NINOW and POW account s.)
3. Enter ATS accounts and te le phone and pre authorize d trans fe rs .
4. Calculate Total trans action accounts : sum lines 1, 2, and 3.
5. Enter De mand balance s due from de pos itory ins titutions in the U.S.
6. Enter Cas h ite ms in proce s s of colle ction.
7. Calculate Ne t trans action accounts : line 4 minus the sum of lines 5 and 6. Ente r line 7 on
Ite m 2.a of the FR 2910a re porting form . (Net t ransact ion account s may be negat iv e.)
Savings De pos its
8. Enter Total s avings de pos its , including "primary obligations" in the form of savings deposits.
Include accounts commonly known as passbook savings accounts, statement savings accounts,
MMDAs, club accounts, IRAs, and other balances held in the form of savings deposits.
9. Enter the amount of Nonpe rs onal s avings de pos its included on line 8.1
Time De pos its
10. Enter Total time de pos its , including "primary obligations" in the form of time deposits. Include
time certificates of deposit, club accounts, IRAs, and other balances held in the form of time
deposits.
11. Enter the amount of Time de pos its with balance s of $100,000 or more included in line 10.
12. Calculate Small time de pos its : line 10 minus line 11.
13. Enter the amount of Nonpe rs onal time de pos its included on line 10.1
Calculate FR 2910a Ite ms 1 and 2
14. Calculate Total trans action accounts , s avings de pos its , and s mall time de pos its : sum lines
4, 8, and 12. Ente r line 14 on Ite m 1 of the FR 2910a re porting form .
15. Calculate Re s e rvable liabilitie s : sum lines 7, 9, and 13. Ente r line 15 on Ite m 2 of the
FR 2910a re porting form . (Reserv able liabilit ies may be negat iv e.)
1. Nonpersonal deposits are deposits that are transferable or in which any beneficial interest is held by a depositor other than a natural
person.
June 2011

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

Trans action Accounts
1. Enter Share draft accounts .
2. Enter De mand de pos its , including "primary obligations" in the form of demand deposits.
(Demand deposit s also include POW account s.)
3. Enter ATS accounts and te le phone and pre authorize d trans fe rs .
4. Calculate Total trans action accounts : sum lines 1, 2, and 3.
5. Enter De mand balance s due from de pos itory ins titutions in the U.S.
6. Enter Cas h ite ms in proce s s of colle ction.
7. Calculate Ne t trans action accounts : line 4 minus the sum of lines 5 and 6. Ente r line 7 on
Ite m 2.a of the FR 2910a re porting form . (Net t ransact ion account s may be negat iv e.)
Savings De pos its
8. Enter Total s avings de pos its , including "primary obligations" in the form of savings deposits.
Include regular share accounts, MMDAs, club accounts, IRAs, and other balances held in the
form of savings deposits.
9. Enter the amount of Nonpe rs onal s avings de pos its included on line 8.1
Time De pos its
10. Enter Total time de pos its , including "primary obligations" in the form of time deposits. Include
share certificates, club accounts, IRAs, and other balances held in the form of time deposits.
11. Enter the amount of Time de pos its with balance s of $100,000 or more included in line 10.
12. Calculate Small time de pos its : line 10 minus line 11.
13. Enter the amount of Nonpe rs onal time de pos its included on line 10.1
Calculate FR 2910a Ite ms 1 and 2
14. Calculate Total trans action accounts , s avings de pos its , and s mall time de pos its : sum lines
4, 8, and 12. Ente r line 14 on Ite m 1 of the FR 2910a re porting form .
15. Calculate Re s e rvable Liabilitie s : sum lines 7, 9, and 13. Ente r line 15 on Ite m 2 of the
FR 2910a re porting form . (Reserv able liabilit ies may be negat iv e.)
1. Nonpersonal deposits are deposits that are transferable or in which any beneficial interest is held by a depositor other than a natural
person.
June 2011