Primary and Secondary Credit

FR 2046
Page 1

SELECTED BALANCE SHEET ITEMS
FOR DISCOUNT WINDOW BORROWERS
INSTRUCTIONS
use in the process of consolidation. Also, 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.

Purpose of Report
The Federal Reserve System uses data from this report
to ensure that discount window borrowing is appropriate.

Scope
The office coverage of this report and, as applicable, the
consolidation basis, correspond to the reporting
institution’s condition report filed with a federal supervisory agency, as follows.
(As noted later in these
instructions, the definitions of items on the FR 2046 also
correspond in general to definitions on the institution’s
condition report).
1.

For U.S. commercial banks (and Savings
Associations), the FR 2046 corresponds to the
quarterly Consolidated Reports of Condition and
Income (“Call Report”) (FFIEC 031 and 041).
The FR 2046 covers only the domestic offices of
the reporting bank, that is, the bank’s head office; all
branches located in the 50 states of the U.S., in the
District of Columbia, or at a U.S. military facility,
wherever located; and subsidiaries (except Edge
and Agreement corporations) located in the 50
states of the U.S. 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 domestic offices
only, the coverage of the FR 2046 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, 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 of
the FR 2046 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).

Please refer to the Call Report instructions for detailed information on consolidation. However, for
purposes of the FR 2046, 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

Note: The FR 2046 is also comparable to the
Weekly Report of Selected Assets and Liabilities
of Domestically Chartered Commercial Banks and
U.S. Branches and Agencies of Foreign Banks
(FR 2644).
2.

For U.S. branches and agencies of foreign
(non–U.S.) banks, the FR 2046 corresponds to
the Report of Assets and Liabilities of U.S.
Branches and Agencies of Foreign Banks (FFIEC
002), with one major difference: the FR 2046
collects data on the branch or agency excluding
its own IBF. With the IBF exclusion, the FR 2046
is comparable to the Weekly Report of Selected
Assets and Liabilities of Domestically Chartered
Commercial Banks and U.S. Branches and
Agencies of Foreign Banks (FR 2644).

3. For credit unions, the FR 2046 corresponds to
the Financial and Statistical Report (NCUA 5300).
Any FR 2046 respondent that does not file one of the
above condition reports should contact its Federal
Reserve Bank for instructions.

FR 2046
Page 2

Frequency
For primary and secondary credit borrowers, this report is
filed as requested by the Federal Reserve Bank. Each
weekly report covers five business days of data for the
week ending on Wednesday.

below under “Supplementary Instructions.” (These
instructions also may be used as an overview by
U.S. commercial banks and U.S. branches and
agencies of foreign banks, with full details provided in
the instructions for their respective condition reports.)

Supplementary Instructions (for credit union
For seasonal credit borrowers, this report is filed weekly
for any two-week reporting period in which borrowing
was outstanding on one or more days. The Federal
Reserve Bank will indicate the dates for which the report
is required. Each weekly report covers Wednesdays-only
data.

filers of the NCUA Form 5300)

Preparation of Reports

Item 2. Federal funds sold and resale agreements
(or “reverse repurchase agreements”) (asset item).
Report the dollar amount outstanding of:

This report collects amounts outstanding, reported to the
nearest thousand U.S. dollars, as of the close of
business each day. For any day on which the reporting
institution was closed, report the closing balance as of
the preceding day.

Exceptions to Reporting
Institutions that file the Federal Reserve’s Report of
Transaction Accounts, Other Deposits and Vault Cash
(FR 2900) weekly need not report Item 5, Total deposits,
on the FR 2046.
Seasonal credit borrowers that file the Weekly Report of
Selected Assets and Liabilities of Domestically
Chartered Commercial Banks and U.S. Branches and
Agencies of Foreign Banks (FR 2644) with the Federal
Reserve need not report Item 1, Total securities, Item 2,
Federal funds sold and resale agreements, Item 3, Total
loans, Item 4, Total assets, or Item 5, Total deposits on
the FR 2046.

Item Definitions
In general, definitions of items on the FR 2046 correspond to item definitions on the institution’s condition
report cited above. A table that indicates the item–by–
item relationships between the FR 2046 and the appropriate condition report accompanies these instructions.
For those items that correspond exactly to items on the
condition reports, definitions are not repeated in these
instructions. For such definitions, please refer to the
instructions for preparation of the appropriate condition
report. For credit union filers of the NCUA 5300, Items
2 and 6 on the FR 2046 do not correspond to condition
report items and specific instructions are provided

Provided below are instructions for Item 2, Federal
funds sold and resale agreements, and Item 6, Federal
funds purchased and repurchase agreements. Definitions of certain terms used in these instructions follow.

(1) Immediately–available funds lent under agreements or contracts that have an original maturity
of one business day or roll over under a continuing
contract, regardless of the nature of the
transaction or the collateral involved (that is,
whether unsecured, secured, or involving a resale
agreement in securities, loans, or any other
instruments), excluding overnight lending for
commercial and industrial purposes.
This includes sales of “federal funds,” securities
purchased under agreements to resell, and other
assets purchased under agreements to resell, that
involve the receipt of immediately–available funds
and mature in one business day or roll over under
a continuing contract.
(2) Securities purchased under agreements to resell
that mature in more than one business day.
(3) Purchases of participations in pools of securities,
regardless of maturity.
Exclude from Item 2:
(1) Sales of “term” federal funds, that is, those with
maturities of more than one business day.
(2) Due bills representing purchases of securities or
other assets by the reporting institution that have
not yet been delivered and similar instruments,
whether collateralized or uncollateralized.

FR 2046
Page 3
(3) Resale agreements that mature in more than one
business day involving assets other than securities.
(4) Yield maintenance dollar repurchase agreements
(also called “dollar rolls”).

Federal Home Loan Bank, and advances from the
NCUA Central Liquidity Facility. (Please note,
however, that repurchase agreements with these
institutions are included in Item 6 if they meet the
criteria stipulated in the inclusion list above.)

(5) Sales of assets.

Definitions of Terms

Item 6. Federal funds purchased and repurchase
agreements (exclude Federal Reserve Bank (FRB)
borrowings) (liability item). Report the dollar amount
outstanding of:

Federal funds transactions involve lending (federal
funds sold) or borrowing (federal funds purchased) in
domestic offices of immediately available funds
under agreements that have an original maturity of
one business day or rollover under a continuing
contract.

(1) Immediately–available funds borrowed under
agreements or contracts that have an original maturity of one business day or roll over under a continuing contract, regardless of the nature of the
transaction or the collateral involved (that is, whether
unsecured, secured, or involving a repurchase
agreement in securities, loans, or any other
instruments).
This includes purchases of so–called “federal funds,”
securities sold under agreements to repurchase, and
other assets sold under agreements to repurchase,
that involve the receipt of immediately–available
funds and mature in one business day or roll over
under a continuing contract.
(2) Securities sold under agreements to repurchase that
mature in more than one business day.
(3) Sales of participations in pools of securities, regardless of maturity.
Exclude from Item 6:
(1) Purchases of “term” federal funds, that is, those with
maturities of more than one business day.
(2) Due bills created representing the reporting institution’s receipt of payment and similar instruments,
whether collateralized or uncollateralized.
(3) Repurchase agreements that mature in more than
one business day involving assets other than
securities.
(4) So-called yield maintenance dollar repurchase
agreements (also called “dollar rolls”).
(5) Purchases of assets.
(6) Discount window borrowings and similar advances
from a Federal Reserve Bank, advances from a

Repurchase/resale agreements. A repurchase
agreement is a transaction involving the ‘‘sale” of financial assets by one party to another, subject to an
agreement by the seller to repurchase the assets at a
specified date or in specified circumstances. A
resale agreement (also known as a reverse
repurchase agreement) is a transaction involving the
purchase of financial assets by one party from
another, subject to an agreement by the purchaser to
resell the assets at a specified date or in specified
circumstances. Repurchase/resale agreements can
involve U.S. government and federal agency
securities, other securities, loans, and other assets.
Immediately–available funds are funds that the
purchaser can either use or dispose of on the same
business day that the transaction giving rise to the
receipt or disposal of the funds is executed.
The borrowing or lending of immediately–available
funds is for one business day if the funds borrowed
on one business day are to be repaid or the
transaction reversed on the next business day––that
is, if immediately–available funds borrowed today
are to be repaid tomorrow (in tomorrow’s
immediately–available funds). Such transactions
include those made on a Friday to mature or be
reversed the following Monday and those made on
the last business day prior to a holiday (for either or
both parties to the transaction) to mature or be
reversed on the first business day following the
holiday.
A continuing contract is a contract or agreement
that remains in effect for more than one business day
but has no specified maturity and does not require
advance notice of either party to terminate. Such
contracts may also be known as rollovers or as
open–ended agreements.

FR 2046
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Comparison Table for U.S. Commercial Banks
and Savings Associations
(and other institutions filing the FFIEC 031 and 041)
Consolidated Reports of Condition and Income
FR 2046 item

FFIEC 031

FFIEC 041

1. Total securities

RC – Balance Sheet, domestic office part of:

Schedule RC – Balance Sheet

+ Held-to-maturity securities, Item 2.a

+ Held-to-maturity securities, Item 2.a

+ Available-for-sale securities, Item 2.b

+ Available-for-sale securities, Item 2.b

+ Trading assets, Item 5

+ Trading assets, Item 5

+ RC – Balance Sheet, Federal funds sold in
domestic offices, Item 3a

Schedule RC – Balance Sheet

+ RC-H – Selected Balance Sheet Items for
Domestic Offices, Securities purchased
under agreements to resell, Item 3

+ Securities purchased under agreements to
resell, Item 3b

3. Total loans

RC-C – Loans and Lease Financing
Receivables, Part I. Total loans and Leases,
net of unearned income, Column B, Item 12

Schedule RC-C – Loans and Lease Financing
Receivables, Part I. Total loans and leases,
net of unearned income, Column B, Item 12

4. Total assets

RC-H – Selected Balance Sheet Items for
Domestic Offices:

Schedule RC – Balance Sheet, Total assets,
Item 12

2. Federal funds
sold and resale
agreements

1

+ Federal funds sold, Item 3a

+ Net due from own foreign offices, Edge and
agreement subsidiaries, and IBFs, Item 6
+ Total assets (excludes net due from foreign
offices, Edge and agreement subsidiaries
and IBFs), Item 8
5. Total deposits
(Unless reported
weekly on the
FR 2900)

RC – Balance Sheet, Deposits in domestic
offices, Item 13.a

Schedule RC – Balance Sheet, Deposits in
domestic offices, Item 13.a

6. Federal funds
purchased and
repurchase
agreements (exclude Federal
Reserve Bank
borrowings)

+ RC – Balance Sheet, Federal funds
purchased in domestic offices, Item 14a

Schedule RC – Balance Sheet

1.

+ RC-H – Selected Balance Sheet Items for
Domestic Offices, Securities sold under
agreements to repurchase, Item 4

+ Federal funds purchased, Item 14a
+ Securities sold under agreement to
repurchase, Item 14b

This item corresponds to the treatment of loans on the Call Report and excludes federal funds sold and securities purchased under agreements to
resell that mature in one business day or that roll over under continuing contract. Such funds are reported separately in Item 2 of this report.
However, Item 3 does include sales of so-called “term” federal funds (that is, federal funds with a maturity of more than one day).

FR 2046
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Comparison Table for U.S. Branches and Agencies of Foreign Banks
Exclude transactions of the reporting institution’s own IBF(s)
with nonrelated parties and related depository institutions

FR 2046 item

Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks
(FFIEC 002) (excluding IBFs as noted above)
Schedule RAL – Assets and Liabilities

1. Total securities

+ U.S. Treasury securities, Item 1.b(1)
+ U.S. government agency obligations, Item 1.b(2)
+ Securities of foreign governments and official institutions, Item 1.c(1), Column A
minus Column B
+ Mortgage-backed securities issued or guaranteed by U.S. Govt. agencies, Item
1.c(2)a, Column A minus Column B
+ Other mortgage-backed securities, Item 1.c(2)b, Column A minus Column B
+ Other asset-backed securities, Item 1.c(3), Column A minus Column B
+ All other bonds, notes, debentures, and corporate stock (including state and local
securities), Item 1.c(4), Column A minus Column B
+ Trading assets, U.S. Treasury and Agency securities, Item 1.f(1), Column A minus
Column B
+ Trading assets: Mortgage-backed securities issued or guaranteed by U.S.
Govt. agencies, item 1.f(2)a, Col. A minus Col. B
+ Trading assets: Other mortgage-backed securities, item 1.f(2)b, Col. A minus Col. B
+ Trading assets: Other asset-backed securities, item 1.f(4), Col. A minus Col. B
+ Trading assets: Other securities, item 1.f(4), Col. A minus Col. B
+ Trading assets: Other trading assets, item 1.f(5), Col. A minus Col. B

2. Federal funds sold and
resale
agreements

+ Federal funds sold with depository institutions in the U.S., Item 1.d(1)a, Column A
minus Column B
+ Federal funds sold with others, Item 1.d(1)b, Column A minus Column B
+ Securities purchased under agreements to resell with depository institutions in the
U.S., Item 1.d(2)a, Column A minus Column B
+ Securities purchased under agreements to resell with others, Item 1.d(2)b, Column A
minus Column B

3. Total loans

Loans and leases, net of unearned income, Item 1.e, Column A minus Column B

4. Total assets

Total assets, Item 3, Column A minus Column B

5. Total deposits (Unless
reported weekly on the FR
2900)

Total deposits and credit balances, Item 4.a, Column A minus Column B

FR 2046
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6. Federal funds
purchased and
repurchase
agreements (exclude
Federal Reserve Bank
borrowings)

+

Federal funds purchased with depository institutions in the U.S., Item 4.b(1)a,
Column A minus Column B

+

Federal funds purchased with others, Item 4.b(1)b, Column A minus Column B

+

Securities sold under agreements to repurchase with depository institutions in the
U.S., Item 4.b(2)a, Column A minus Column B

+

Securities sold under agreements to repurchase with others, Item 4.d(2)b, Column
A minus Column B

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Comparison Table for Credit Unions
FR 2046 item

Financial and Statistical Report (NCUA 5300)

1. Total securities

Statement of Financial Condition Assets Investments:
+ Trading securities, Item 4, column E
+ Available for sale securities, Item 5, column E
+ Held-to-maturity securities, Item 6, column E

2. Federal funds sold and resale
agreements

See specific instructions.

3. Total loans

Statement of Financial Condition, Assets, Loans and Leases:
Total loans and leases, Item 23, amount

4. Total assets

Statement of Financial Condition, Assets, Other Assets:
Total assets, Item 31

5. Total deposits (Unless reported weekly on the
FR 2900)

Statement of Financial Condition, Shares/Deposits, Total shares
and deposits, Item 17, column C

6. Federal funds purchased and repurchase
agreements (exclude Federal Reserve Bank
borrowings)

See specific instructions.