Seasonal Credit

INSTRUCTIONS

Selected Balance Sheet Items For
Discount Window Borrowers
FR 2046

Purpose of Report

Scope

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

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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, 041 and 051).
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.
terri-tories or possessions, or in foreign
countries;
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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 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.
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 (nonU.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).
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Any FR 2046 respondent that does not file one of the
above condition reports should contact its Federal
Reserve Bank for instructions.

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.

Preparation of Reports

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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 should 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-bytem relationships between the FR 2046 and the appropriate condition report accompanies these instructions.
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Supplementary Instructions (for credit
union filers of the NCUA Form 5300)

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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.

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 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.)

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

(3) Repurchase agreements that mature in more
than one business day involving assets other
than securities.

(3) Resale agreements that mature in more than one
business day involving assets other than
securities.

(5) Purchases of assets.

(4) Yield maintenance dollar repurchase agreements (also called “dollar rolls”).
(5) Sales of assets.

(6) Discount window borrowings and similar
advances from a Federal Reserve Bank,
advances from a 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.)

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Item 6. Federal funds purchased and repurchase agreements (exclude Federal Reserve Bank (FRB) borrowings) (liability item).

(4) So-called yield maintenance dollar repurchase
agreements (also called “dollar rolls”).

Report the dollar amount outstanding of:

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(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.
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Definitions of Terms
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.

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
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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.

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.

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A continuing contract is a contract or agreement that
remains in effect for more than one business day but

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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
1. Total securities

FFIEC 031

FFIEC 041

Schedule RC – Balance Sheet, domestic
office part of:

Schedule RC – Balance Sheet

+ 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

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

+ Trading assets, Item 5
+ RC – Balance Sheet, Federal funds sold in Schedule RC – Balance Sheet
domestic offices, Item 3.a
+ Federal funds sold, Item 3.a
+ RC-H – Selected Balance Sheet Items for
Domestic Offices, Securities purchased
under agreements to resell, Item 3

+ Securities purchased under agreements
to resell, Item 3.b

3. Total loans1

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

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2. Federal funds
sold and resale
agreements

+ Net due from own foreign offices, Edge
and agreement subsidiaries, and IBFs,
Item 6
+ Total assets (excludes net due from own
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 14.a

Schedule RC – Balance Sheet

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

+ Securities sold under agreement to
repurchase, Item 14.b

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+ Federal funds purchased, Item 14.a

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).

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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
1. Total securities

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
+ 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

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+ 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, Column A minus Column B

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+ Trading assets: Other mortgage-backed securities, Item 1.f(2)b, Column A minus
Column B
+ Trading assets: Other asset-backed securities, Item 1.f(3), Column A minus Column B
+ Trading assets: Other securities, Item 1.f(4), Column A minus Column B
+ Trading assets: Other trading assets, Item 1.f(5), Column A minus Column B

2. Federal funds
sold and resale
agreements

+ Federal funds sold with commercial banks in the U.S., Item 1.d(1)a, Column A minus
Column B
+ Federal funds sold with nonbank brokers and dealers in securities, Item 1.d(1)b
+ Federal funds sold with others, Item 1.d(1)c, Column A minus Column B
+ Securities purchased under agreements to resell with commercial banks in the U.S.,
Item 1.d(2)a, Column A minus Column B
+ Securities purchased with nonbank brokers and dealers in securities, Item 1.d(2)b
+ Securities purchased under agreements to resell with others, Item 1.d(2)c, 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

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FR 2046 item

+ Federal funds purchased with commercial banks 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 commercial banks in the U.S.,
Item 4.b(2)a, Column A minus Column B
+ Securities sold under agreements to repurchase with others, Item 4.b(2)b, Column A
minus Column B

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

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

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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.
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 33

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

Statement of Financial Condition, Shares/Deposits, Total
shares and deposits, Item 18, column C

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

See specific instructions.

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3. Total loans

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FR 2046
September 2016