Annual Report of Deposits and Reservable Liabilities

Board of Governors of the Federal Reserve System

Instructions for Preparation of

Annual Report of Deposits and Reservable
Liabilities
Reporting Form FR 2910a
Effective June 2015

INSTRUCTIONS FOR PREPARATION OF

Annual Report of Deposits and
Reservable Liabilities

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 $14.5 million
(the ‘‘exemption amount’’), and with total deposits
greater than $14.5 million, and with total transaction
accounts, savings deposits, and small time deposits less
than $1.824 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 required to submit a FR 2910a report for
1. The exemption amount is the amount of a depository institution’s
total reservable liabilities that is subject to a zero- percent 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).
FR 2910a
General Instructions June 2015

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 majorityowned 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
GEN-1

General Instructions

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.

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. 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).
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
GEN-2

obligations of, or obligations fully guaranteed as to
principal and interest by, the U.S. government or a
federal agency.
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:
1. Subordinated notes and debentures with a weighted
average maturity of five years or longer and with the
permission of the appropriate regulatory authority.
2. 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.’’
3. 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.’’
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.’’
FR 2910a
General Instructions June 2013

General Instructions

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

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

5. 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.

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

6. 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.
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).

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, 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.

2. Issuance of certain obligations by nonconsolidated
affiliates.

10. Export-Import Bank of the U.S.

3. Borrowings from sources outside the United States.

11. Government Development Bank of Puerto Rico.

4. Certain positions with the reporting institution’s
foreign branches and its International Banking Facility (IBF).

12. Minbanc Capital Corporation.

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 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:
FR 2910a
General Instructions June 2013

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.
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 entities’’ include, but are not limited to,
individuals, partnerships, and corporations; state and
GEN-3

General Instructions

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 Classification of Deposits
section 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 ‘‘nonU.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.

CLASSIFICATION OF DEPOSITS
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:
GEN-4

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 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. 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.
2. 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:
(a) Those drawn by the reporting institution on itself
and not payable at or through another depository
institution.
(b) 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

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.
FR 2910a
General Instructions June 2013

General Instructions

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) Those checks drawn by the reporting institution
on, or payable at or through, a Federal Reserve
Bank or a Federal Home Loan Bank.
3. 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
institution, until the amount of the checks is remitted
to another party.
4. Funds received or held in connection with letters of
credit sold to customers.
5. Unposted credits.
6. Taxes, insurance premiums or other funds withheld
from the salaries of employees of the reporting
institution.
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.
10. 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 General Definitions section under the definition of ‘‘deposFR 2910a
General Instructions June 2013

its,’’ 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 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
GEN-5

General Instructions

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 General Definitions section) 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
GEN-6

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.
FR 2910a
General Instructions June 2013

General Instructions

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.
C. Special passbook or statement accounts, such as
‘‘ninety-day 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 General Definitions section) 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.

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.

B. Time certificates of deposit or credit union share
certificates and certificates of indebtedness (whether
negotiable or nonnegotiable).

D. Matured time deposits that are not automatically
renewed (reported as transaction accounts or savings deposits, as appropriate).

C. Time deposit open accounts or credit union share
certificate open accounts.

E. Interest or dividends accrued but not yet paid or
credited to a time deposit or share certificate account.

FR 2910a
General Instructions June 2013

GEN-7

Line Item Instructions

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 General Definitions section 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 Classification of Deposits section
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.
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.
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
FR 2910a
Line Item Instructions June 2013

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.
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).1 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.

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

LI-1

Line Item Instructions

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:
(a) Commercial or industrial banks and trust companies conducting a commercial banking business.
(b) Bankers’ banks as defined in 12 CFR §204.121.

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

(f) Credit unions (including corporate central credit
unions).

(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.

(g) Building, savings and loan, and homestead associations, or cooperative banks.

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

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

(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:

(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.

(a) All balances due from Federal Reserve Banks.
(b) Balances due from other depository institutions
that are pledged by the reporting institution.

(1) Matured bonds and coupons.

(c) Time and savings deposit balances held at other
depository institutions.

(2) Postal and other money orders, and traveler’s
checks.

(d) Trust funds deposited in other depository institutions by the reporting institution’s trust department.

(3) Credit union share drafts.

(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)
LI-2

(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.
FR 2910a
Line Item Instructions June 2013

Line Item Instructions

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

FR 2910a
Line Item Instructions June 2013

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:
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.

LI-3

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.
Transaction Accounts
1.

Enter NOW accounts.

2.

Enter Demand deposits, including ‘‘primary obligations’’ in the form of demand deposits.
(Demand deposits also include NINOW and POW accounts.)

3.

Enter ATS accounts and telephone and preauthorized transfers.

4.

Calculate Total transaction accounts: sum lines 1, 2, and 3.

5.

Enter Demand balances due from depository institutions in the U.S.

6.

Enter Cash items in process of collection.

7.

Calculate Net transaction accounts: line 4 minus the sum of lines 5 and 6. Enter line 7 on
Item 2.a of the FR 2910a reporting form. (Net transaction accounts may be negative.)
Savings Deposits

8.

Enter Total savings deposits, 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 Nonpersonal savings deposits included on line 8.1
Time Deposits

10.

Enter Total time deposits, 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 deposits with balances of $100,000 or more included in line 10.

12.

Calculate Small time deposits: line 10 minus line 11.

13.

Enter the amount of Nonpersonal time deposits included on line 10.

1

Calculate FR 2910a Items 1 and 2
14.

Calculate Total transaction accounts, savings deposits, and small time deposits: sum lines 4,
8, and 12. Enter line 14 on Item 1 of the FR 2910a reporting form.

15.

Calculate Reservable Liabilities: sum lines 7, 9, and 13. Enter line 15 on Item 2 of the FR
2910a reporting form. (Reservable liabilities may be negative.)

1. Nonpersonal deposits are deposits that are transferable or in which any beneficial interest is held by a depositor other
than a natural person.

FR 2910a
Worksheet June 2013

WKS-1

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.
Transaction Accounts
1.

Enter Share draft accounts.

2.

Enter Demand deposits, including ‘‘primary obligations’’ in the form of demand deposits.
(Demand deposits also include POW accounts.)

3.

Enter ATS accounts and telephone and preauthorized transfers.

4.

Calculate Total transaction accounts: sum lines 1, 2, and 3.

5.

Enter Demand balances due from depository institutions in the U.S.

6.

Enter Cash items in process of collection.

7.

Calculate Net transaction accounts: line 4 minus the sum of lines 5 and 6. Enter line 7 on
Item 2.a of the FR 2910a reporting form. (Net transaction accounts may be negative.)
Savings Deposits

8.

Enter Total savings deposits, 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 Nonpersonal savings deposits included on line 8.1
Time Deposits

10.

Enter Total time deposits, 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 deposits with balances of $100,000 or more included in line 10.

12.

Calculate Small time deposits: line 10 minus line 11.

13.

Enter the amount of Nonpersonal time deposits included on line 10.

1

Calculate FR 2910a Items 1 and 2
14.

Calculate Total transaction accounts, savings deposits, and small time deposits: sum lines 4,
8, and 12. Enter line 14 on Item 1 of the FR 2910a reporting form.

15.

Calculate Reservable Liabilities: sum lines 7, 9, and 13. Enter line 15 on Item 2 of the
FR 2910a reporting form. (Reservable liabilities may be negative.)

1. Nonpersonal deposits are deposits that are transferable or in which any beneficial interest is held by a depositor other
than a natural person.

FR 2910a
Worksheet June 2013

WKS-2