FR 2900 (quarterly)

Board of Governors of the Federal Reserve System

Instructions for Preparation of

Report of Transaction Accounts, Other Deposits,
and Vault Cash
Reporting Form FR 2900
For use by credit unions. There are separate instructions for U.S. branches and agencies of foreign (non-U.S.) banks,
commercial banks, Edge Act and agreement corporations, industrual banks, building or savings and loan associations,
mutual savings banks, cooperative banks, homestead associations, and savings banks.

FR 2900 Credit Unions

September 2015

Table of Contents

Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
Section 1 – General Instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
A. Who Must Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
B. Reporting Frequency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
C. Where to Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
D. How to Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
D.1. Treatment of International Banking Facility (IBF) Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
D.2. Consolidation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
D.3. Basis of Accounting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
D.4. Denomination . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
D.5. Foreign (Non-U.S.) Currency-Denominated Transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
D.6. Recordkeeping . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
D.7. Weekend and Holiday Posting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
D.8. Pre-Posting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
D.9. Overdrafts or Negative Balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
D.10. Unposted Debits and Credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
D.11. Rejected Items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
D.12. Filing of Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
E. Requests for Revised Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
F. Liabilities That Are Reservable under Regulation D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
G. Deposits as Defined under Regulation D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
G.1. Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
G.2. Primary Obligations (A,C,D, and F) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
G.3. Primary Obligation (AA.1, BB.2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
H. Treatment of Pass-Through Balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
I. Treatment of Trust Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
J. Treatment of Escrow Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
K. Treatment of Payment Errors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
K.1. Duplicate Payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
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K.2. Misdirected Payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
K.3. Failed Payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
K.4. Improper Third-Party Transfers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
L. Treatment of Sweep Arrangements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
L.1. Retail Sweeps . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
L.2. Offshore Investment Sweeps . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
L.3. Domestic Investment Sweeps . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
M. Mergers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
N. Treatment of Suspense Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
O. Netting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Section 2 – Item-By-Item Instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Transaction Accounts (Items A.1 through A.3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
General Description of Transaction Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Summary of Transaction Account Classifications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Demand Deposits (Items A.1.a through A.1.c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Demand Deposits Due to Depository Institutions (Item A.1.a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
U.S. Government Demand Deposits (Item A.1.b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Other Demand Deposits (Item A.1.c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
ATS accounts, NOW Accounts/Share Drafts, and Telephone and
Preauthorized Transfers (Item A.2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
Total Transaction Accounts (Item A.3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
Deductions from Transaction Accounts (Items B.1 and B.2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
Demand Balances Due from Depository Institutions in the U.S. (Item B.1) . . . . . . . . . . . . . . . . . . . . . . 24
Cash Items in Process of Collection (Item B.2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Total Savings Deposits (Item C.1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
Procedures for Ensuring That the Permissible Number of Transfers from
Savings Deposits Is Not Exceeded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Total Time Deposits (Item D.1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Reporting of Deposits on a Discount Basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Vault Cash (Item E.1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Memorandum Section . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
All Time Deposits with Balances of $100,00 or More (Included in Item D.1)(Item F.1) . . . . . . . . . 33
Schedule AA and Schedule BB - Other Reserve Obligations by Remaining Maturity . . . . . . . . . . . . . . . 34
Ineligible Acceptances and Obligations Issued by Affiliates (Items AA.1 and BB.2) . . . . . . . . . . . . . 34
Determining Maturities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
Classifying an Affiliate’s Obligation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
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Schedule AA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
Ineligible Acceptances and Obligations Issued by Affiliates Maturing in
Less Than Seven Days (Item AA.1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
Schedule BB - Nonpersonal Items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
Total Nonpersonal Savings and Time Deposits (Item BB.1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
Ineligible Acceptances and Obligations Issued by Affiliates Maturing in
Seven Days or More (Nonpersonal Only)(Item BB.2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
Schedule CC - Net Eurocurrency Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
Net Eurocurrency Liabilities (Item CC.1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
Who Must Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
Worksheet for Preparation of Item CC.1, Net Eurocurrency Liabilities for All Depository
Institutions Other Than U.S.Branches and Agencies of Foreign (Non-U.S.) Banks . . . . . . . . . . . . . . . 39
Step-by-Step Instructions for Calculating Item CC.1, Net Eurocurrency Liabilities . . . . . . . . . . . . . . 40
Gross Borrowings from Non-U.S. Offices of Other Depository Institutions and from
Certain Designated Non-U.S. Entities (Worksheet Item 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
Gross Liabilities to Non-U.S. Parent Bank and Its Non-U.S. Offices plus
Net Liabilities to Own IBF (Worksheet Item 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
Gross Claims on Non-U.S. Parent Bank and Its Non-U.S. Offices plus
Net Claims on Own IBF (Worksheet Item 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
Assets Held by Own IBF and Own Non-U.S. Branches Acquired from U.S. Offices
(Worksheet Item 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
Credit Extended by Own Non-U.S. Branches to U.S. Residents (Worksheet Item 5) . . . . . . . . . 43
Glossary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
Acknowledgement of advance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
ATS (Automatic transfer service) account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
Bankers’ acceptance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
Bankers’ bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
Banking business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
Bank note . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
Bona fide cash management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
Branches and agencies of foreign (non-U.S.) banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
Brokered deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
Brokers security draft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
Cash collateral account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
Certificate of indebtedness . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
Club accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
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Commodity or bill of lading draft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
Credit balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
Custodial inventory program . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
Dealer reserve or dealer differential account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
Demand deposit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
Deposit notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
Depository institution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46
Draft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46
Due Bill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46
Edge Act and agreement corporations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46
Excess balance account (EBA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46
Exempt entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46
Exemption amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47
Federal public funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47
Federal Reserve draft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47
Finance bills . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47
Foreign (non-U.S.) bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47
Foreign (non-U.S.) governments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Foreign (non-U.S.) national government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Foreign (non-U.S.) official banking institutions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Hypothecated deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Immediately available funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
International institution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Letter of credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Loan-to-lender program . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Majority-own subsidiary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
MMDA (Money market deposit account) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Natural person . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Net transaction accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49
Noncash item . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49
Nonconsolidated affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49
Non-exempt deposit cutoff . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49
Non-exempt entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49
Nonpersonal savings deposit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
Nonpersonal time deposit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
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FR 2900 Credit Unions
Contents September 2015

Contents

Non-U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
Non-U.S. bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
NOW account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
Original maturity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
Payable-through drafts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
Personal savings deposit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
Personal time deposit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
Preauthorized transfer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
Reduced reporting limit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
Remote service unit (RSU) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
Repurchase agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
Returned item . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
Savings deposit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
Share account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
Share certificate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
Share draft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
Small time deposit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
Suspense accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
Telephone and preauthorized transfer accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Teller’s check . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Time certificate of deposit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Time deposit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Time deposit open account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
Transferable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
Unposted credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
Unposted debits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
U.S. (United States) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
U.S. brances and agencies of foreign (non-U.S.) banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
U.S. Treasury general account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53

FR 2900 Credit Unions
Contents September 2015

Contents-5

INSTRUCTIONS FOR PREPARATION OF

Report of Transaction Accounts, Other
Deposits, and Vault Cash
Credit Unions

Introduction
The Report of Transaction Accounts, Other Deposits, and
Vault Cash (FR 2900) is required from all banking Edge
Act and agreement corporations and U.S. branches and
agencies of foreign (non-U.S.) banks, regardless of the
level of their deposits, and from all other depository
institutions in the United States with net transaction
accounts greater than the exemption amount or total
transaction accounts, savings deposits, and small time
deposits greater than or equal to the reduced reporting
limit as of the periods specified by the Federal Reserve
Board.1 The FR 2900 report is used by the Federal
Reserve for the calculation of required reserves, for the
construction of the monetary aggregates, and to meet the
requirement that the exemption amount be indexed annually as specified by the Federal Reserve Act. Rules
governing reserve requirements are contained in Federal
Reserve Regulation D - Reserve Requirements of Depository Institutions of the Board of Governors of the Federal
Reserve System (12 CFR § 204) (Regulation D).
The FR 2900 instructions present detailed instructions for
the preparation of the FR 2900 reports by credit unions.
Separate instructions are provided for commercial and
industrial banks, banking Edge Act and agreement corporations, building or savings and loan associations, mutual
1. Section 411 of the Garn St Germain Depository Institutions Act of
1982 subjects the first $2.0 million of a reporting institution’s reservable
liabilities to a reserve requirement of 0 percent. The amount of reservable
liabilities subject to the 0 percent reserve requirement (the ‘‘exemption
amount’’) is adjusted each year for the next succeeding calendar year by 80
percent of the percentage increase in total reservable liabilities of all
reporting institutions, measured on an annual basis as of June 30. No
corresponding adjustment is made in the event of a decrease in total
reservable liabilities of all reporting institutions.
The criteria used to determine the exemption amount are described in the
chapter titled ‘‘Reporting Requirements’’ of the Reserve Maintenance
Manual. Also contained in this chapter are detailed descriptions of the
various deposit reporting categories and information on the annual review
and determination of reporting frequencies for all depository institutions.
FR 2900
Credit Unions September 2015

savings banks, cooperative banks, homestead associations, savings banks, and U.S. branches and agencies of
foreign (non-U.S.) banks.
The FR 2900 instructions may be obtained upon request
from the appropriate Federal Reserve Bank and are
available on the Federal Reserve Board’s website at
www.federalreserve.gov/apps/reportforms/default.aspx.
Reporting institutions that are not required to submit the
FR 2900 may be subject to reduced deposit reporting,
depending on the level of their net transaction accounts
and their total transaction accounts, savings deposits, and
small time deposits. A description of the Annual Report
of Deposits and Reservable Liabilities (FR 2910a) is
provided in the Reserve Maintenance Manual published
by
the
Federal
Reserve
and
located
at
www.federalreserve.gov/monetarypolicy/reservereqreserve-maintenance-manual.htm (Reserve Maintenance
Manual). Reporting forms and instructions for the
FR 2910a may be obtained upon request from the
appropriate Federal Reserve Bank and are available on
the
Federal
Reserve
Board’s
website
at
www.federalreserve.gov/apps/reportforms/default.aspx.
Subsequent sections of these instructions are organized
as follows. Section 1 provides general instructions for
preparation of the FR 2900. Section 2 provides item-byitem instructions for all items on the FR 2900 report. The
glossary defines (in alphabetical order) important terms
and phrases that appear underlined throughout the instructions.
Accurate preparation of the FR 2900 report is an important first step in the reserve maintenance cycle. Based on
the deposit levels that the reporting institution reports
each reporting period, the Federal Reserve calculates the
level of required reserve balances that must be maintained at, or passed through to, a Federal Reserve Bank
under the reserve maintenance schedule stipulated by
Regulation D. Efficient reserve management begins with
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accurate and timely deposit reporting. Errors in reporting
may result in higher reserve requirements, which could
reduce the reporting institution’s potential earnings, or in
insufficient reserves, which may subject the reporting
institution to the assessment of penalties.
In addition to their use in the calculation of required
reserves, data from the FR 2900 report are used to
construct the monetary aggregates. Inaccurate reporting
may result in deterioration in the quality of the monetary
aggregates estimates.
The following instructions are based on Regulation D
and in no way alter or modify the requirements of
Regulation D. Although every effort has been made to
incorporate all existing regulatory provisions, applicable
regulations, interpretations, and legal opinions governing
deposits subject to reserve requirements, the FR 2900
instructions should not be considered the final authority
on the deposit status of all instruments, obligations, or
transactions. Final authority rests with the Board of
Governors of the Federal Reserve System. Inquiries
concerning specific instruments, obligations, or transactions may be directed to the Federal Reserve Bank in the
appropriate District. Terms and phrases appearing with
an underline are defined and described in the glossary of
this document.

its appropriate reporting category unless its size
warrants earlier reporting.
B. Reporting Frequency
The procedures used to determine frequency of
reporting are described in the chapter titled ‘‘Reporting Requirements’’of the Reserve Maintenance
Manual.
B.1.

All banking Edge Act and agreement corporations and their U.S. branches, regardless of
size, must submit the FR 2900 weekly. The
reporting week is the seven-day period that
begins on Tuesday and ends on the following
Monday. A newly licensed banking Edge Act
and agreement corporation should commence
reporting as of the date the initial accounting
entry is made to its books, but not before a
permanent charter or license is issued.

B.2.

All other depository institutions with net
transaction accounts greater than the exemption amount and with total transaction
accounts, savings deposits, and small time
deposits greater than or equal to the nonexempt deposit cutoff, or with total transaction accounts, savings deposits, and small
time deposits greater than or equal to the
reduced reporting limit, regardless of the
amount of net transaction accounts, are
required to submit the FR 2900 weekly.

B.3.

All other depository institutions with net
transaction accounts greater than the exemption amount and with total transaction
accounts, savings deposits, and small time
deposits less than the non-exempt deposit
cutoff are required to submit the FR 2900
once each quarter, in March, June, September, and December.

B.4.

The FR 2900 report contains 12 daily items
that should be reported for each day of the
report week. In addition, three single-day
items should be reported only one day each
year, in June. For weekly FR 2900 reporters,
that single day is June 30. For quarterly
reporters, that single day is the Monday contained in the standard June reporting week.
The three single-day items are as follows:
item BB.1, Total Nonpersonal Savings and

Section 1 - General Instructions
A. Who Must Report
The FR 2900 report is required from each of the
following institutions:
A.1. all banking Edge Act and agreement corporations and their U.S. branches, regardless of
size; and
A.2.

all other depository institutions with net
transaction accounts greater than the exemption amount or with total transaction accounts,
savings deposits, and small time deposits
greater than or equal to the reduced reporting
limit as determined each July by procedures
described annually in the Supplementary
Information to Regulation D and in the
Reserve Maintenance Manual.

Any depository institution that opens during the
year or any depository institution for which condition report data are unavailable will be asked to
submit an FR 2910a report on June 30 to determine
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FR 2900
Credit Unions September 2015

Credit Unions

Time Deposits; item BB.2, Ineligible Acceptances and Obligations Issued by Affiliates
Maturing in Seven Days or More (Nonpersonal Only); and item CC.1, Net Eurocurrency Liabilities.
C. Where to Report
A reporting institution must file the FR 2900 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.
D. How to Report
The FR 2900 shall reflect amounts outstanding as of
the ‘‘close of business’’ each day during the reporting period. The report should be prepared in accordance with the procedures described below.
D.1.

Treatment of International Banking Facility (IBF) Accounts. An IBF may be established in the United States by a U.S. depository institution, a U.S. branch or agency of a
foreign (non-U.S.) bank, or a banking Edge
Act and agreement corporation. An IBF is a
set of asset and liability accounts segregated
on the books and records of the establishing
entity. Permissible IBF assets and liabilities
are defined in Regulation D [12 CFR §
204.8(a)(2) and (3)]. IBF liabilities are exempt
from reserve requirements and thus should be
excluded from the FR 2900 report. However,
certain transactions of the establishing entity
with its own IBF may be eurocurrency liabilities of the establishing entity and, if so,
should be included in the calculation of item
CC.1, Net Eurocurrency Liabilities.

D.2.

Consolidation. Each reporting institution
must prepare a consolidated report that
includes all shares/deposits, vault cash, and
allowable deductions of the following entities:

FR 2900
Credit Unions September 2015

a. the head office of the reporting institution;
b. all branch offices located in the 50 states
or the District of Columbia;
c. all branches on U.S. military facilities,
wherever located; and
d. all majority-owned subsidiaries located in
the 50 states or the District of Columbia.
Banking Edge Act and agreement subsidiaries of the reporting institution are required
to file separate reports to the Federal Reserve
and therefore should not be consolidated in
the institution’s report.
Balances due to and due from non-U.S.
branches of the reporting institution should
be excluded from all items on the FR 2900
except for schedule CC, where they are
included in the calculation of net eurocurrency liabilities (item CC.1). Report on the
FR 2900 any deposit received from a nonU.S. office of an affiliate.
Deposits of the reporting institution’s IBF
should be excluded from the FR 2900. Net
balances due to or due from the reporting
institution’s own IBF should be included in
the calculation of net eurocurrency liabilities
(item CC.1) and excluded from all other
items on the FR 2900.
Preparing a consolidated FR 2900 report
involves combining all comparable accounts
of the principal office, any branch offices, and
all majority-owned subsidiaries to be consolidated on an account-by-account basis.
The consolidation basis to be used in preparing the FR 2900 may differ from the report of
condition2 and certain other reports. For
example, ‘‘checks on hand’’ received at a
reporting institution’s majority-owned subsidiary should be combined with the reporting institution’s ‘‘cash items in process of
collection.’’ Demand accounts of a reporting
institution’s majority-owned subsidiary at
institutions other than the parent should be
combined with the reporting institution’s
balance ‘‘due from other depository
2. In this document, the term ‘‘report of condition’’ refers to the
Statement of Financial Condition (NCUA 5300/53SF).

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Credit Unions

institutions.’’ Similarly, obligations of a
majority-owned subsidiary that meet the definition of ‘‘deposits’’ should be included as
deposit liabilities of the parent reporting institution.

Regardless of which of the above two options
is elected, the exchange rates to be used for
this conversion are a consistent series of
exchange rate quotations. These procedures
will apply to all foreign currencydenominated deposits that are outstanding
during any one day of the reporting week,
including those that are received by the
reporting institution after the start of the
reporting week (Tuesday) or paid out before
the close of the reporting week (the following
Monday).

Preparing a Consolidated FR 2900 Report
(excluding schedule CC)
Step 1: Combine comparable accounts of the
reporting institution’s individual entities on
an account-by-account basis.
Example: A demand account of the reporting
institution’s majority-owned subsidiary held
at other depository institutions or a reservable liability held on the books of the reporting institution’s majority-owned subsidiary
that meets the definition of a deposit.

Once a reporting institution chooses to value
foreign (non-U.S.) currency transactions by
using either the weekly (Tuesday) method or
the daily (corresponding day) method, it must
use that method consistently over time for all
Federal Reserve reports. If at some future
time the reporting institution wishes to change
its valuation procedure from one of these two
methods to the other, the change must be
applied to all Federal Reserve reports and
then used consistently thereafter. Please notify
the appropriate Federal Reserve Bank of any
such change.

Step 2: Eliminate all interoffice transactions
that reflect the existence of debtor-creditor
relationships among the entities and branches
to be consolidated (including majority-owned
subsidiaries).
Example: Cash that is owed to the parent
(head office) by a branch.
D.3.

Basis of Accounting. Liabilities that are
reported on the FR 2900 must be based on the
reporting institution’s contractual liability to
its counterparty, which includes accrued interest. Liabilities must be reported based on the
reporting institution’s contractual liability
regardless of whether it has elected to report
the fair value of its liabilities on financial
statements.

D.4.

Denomination. Amounts should be rounded
and reported to the nearest thousand U.S.
dollars.

D.5.

Foreign
(Non-U.S.)
CurrencyDenominated Transactions. Transactions
denominated in foreign (non-U.S.) currency
must be valued in U.S. dollars each reporting
week either by using the exchange rate prevailing on the Tuesday that begins the seven
day reporting week or by using the exchange
rate prevailing on each corresponding day of
the reporting week.

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Foreign (non-U.S.) currency-denominated
deposits held at U.S. offices of a reporting
institution must be converted to U.S. dollars
under the procedures stipulated above and
included as appropriate in section A, B, C, or
D (and F where applicable) or in schedules
AA, BB, or CC of the FR 2900. In addition,
all FR 2900 reporting institutions, both weekly
and quarterly, that offer foreign (non-U.S.)
currency-denominated deposits at their U.S.
offices must file the Report of Foreign (NonU.S.) Currency Deposits (FR 2915), which
breaks out the amounts of such deposits,
converted to U.S. dollars that are included in
selected FR 2900 line items. For information
on the FR 2915, please contact the appropriate Federal Reserve Bank.
D.6.

Recordkeeping. The amount reported for
each day should reflect the amount outstanding at the ‘‘close of business’’ for that day.
The term ‘‘close of business’’ refers to the
time established by the reporting institution
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as the cutoff time for posting transactions to
its general ledger accounts for that day. The
time designated as close of business should
be reasonable and applied consistently.
For purposes of the FR 2900 report, the
reporting institution is open when entries are
made to the general ledger accounts of the
reporting institution for that day. The posting
of a transaction to the general ledger account
means that both debit and credit entries must
be recorded as of the same date. For any
day on which the reporting institution was
closed—that is, no entries were made to the
general ledger—report the closing balance as
of the preceding day.

must be recorded on the official books and
recorded on the same day in order to be
reported on the FR 2900; otherwise, the
preceding day’s balances are reported.
D.8.

Adjustments made to the general ledger after
the close of business to accurately reflect
transactions executed as of the close of business on the report date should be reported on
the FR 2900. For example, if the general
ledger is updated to correct a clerical error or
a misposting, it is appropriate to revise the
FR 2900. However, post-closing adjustments
to the accounting records of the reporting
institution that reflect transactions that did
not occur on the reporting date should not be
reported on the FR 2900.

Reservable obligations for which settlement
is in clearinghouse or uncollected funds
should be reported as of the date that the
transaction is executed and not as of the
settlement date or date that collected funds
are to be received.

Examples:
1. When deposits of a customer under a
sweep program were not transferred between
transaction and nontransaction accounts on
the general ledger for any reason, the reporting institution should not make back-valued
or post-closing adjustments to the FR 2900 to
reflect the sweep activity that did not actually
occur.
2. When deposits of a customer were not
transferred to another depository institution
because of operational problems, the FR 2900
should not include any back-valued adjustments to reflect the activity that did not occur.
D.7.

Weekend and Holiday Posting. Institutions
that post to their general ledger on Saturdays,
Sundays, and/or holidays may report these
balances on the FR 2900 for these days. Both
debit and credit entries for each transaction

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Pre-Posting. Transactions that result from
prior commitments should be reported on the
date that the transaction is executed, not on
the commitment date. However, where payment information (such as that contained on
magnetic tape, paper listings, and similar
items involving automated arrangements) is
sent to the reporting institution prior to the
effective payment date, the institution may
credit its depositors’ accounts one day prior
to the effective payment date to ensure that
the deposit will be available to the depositor
at the opening of business on the payment
date. When such prior credit to deposit
accounts is given in connection with automated arrangements, the credits should be
offset by appropriate debit entries to item
B.2, Cash Items in Process of Collection.

D.9.

Overdrafts or Negative Balances. Unless
covered by a bona fide cash management
arrangement,3 all deposit accounts with a
negative balance as of the close of business
each day (whether resulting from prearranged
or unplanned overdrafts or from operating or
other factors) are to be regarded as having a
zero balance for purposes of computing
deposit totals. Moreover, any overdrawn
deposit account by a customer should be
regarded as a loan made by the reporting
institution to that customer, and the amount
of the overdraft should be regarded as zero
and not be reported as a negative deposit.
(See subsection I, Treatment of Trust Funds.)

3. Overdrawn accounts of a depositor who maintains more than one
transaction account with the reporting institution may be netted against
positive balances in the other transaction accounts pursuant to a bona fide
cash management arrangement.

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Demand deposit accounts that the reporting
institution maintains at another depository
institution and that have negative balances
should be regarded as having zero balances
when computing totals for item B.1, Demand
Balances Due from Depository Institutions in
the U.S. Specifically, when an account that
the reporting institution routinely maintains
with sufficient balances to cover checks or
drafts issued in the normal course of business
becomes overdrawn at another depository
institution, negative balances that result from
such occasional overdrafts are regarded as a
borrowing and therefore should not be
included in the FR 2900 report. However,
checks or drafts drawn against an account
that is not routinely maintained with sufficient balances, or that are drawn against a
‘‘zero balance account’’ (for example, an
account wherein funds are remitted by the
reporting institution only when it has been
advised that the checks or drafts have been
presented for payment), are considered
demand deposits and are reported in item
A.1.c, Other Demand Deposits.
D.10.

Unposted Debits and Credits. Unposted
debits consist of cash items drawn on the
reporting institution that have been ‘‘paid’’
or credited by the reporting institution and
are chargeable, but that have not been
charged against deposits as of the close of
business. These items should be reported in
item B.2, Cash Items in Process of Collection, until they have been charged to either
individual or general ledger deposit accounts.

for the day on which corresponding debits
have been posted. Rejected items that represent withdrawals from deposit accounts and
for which corresponding credits have already
been recorded should be deducted from
deposits as of the close of business for that
day.
D.12.

Please note that if a reporting institution has
its data prepared or transmitted by a private
vendor, the reporting institution is responsible for the timeliness and accuracy of data
to the same extent as if it had prepared and
transmitted the data itself. The reporting
institution may be contacted directly by, and
be responsible for responding to, the Federal Reserve regarding questions on its
FR 2900 data.
E. Requests for Revised Data
Federal Reserve System staff review data submitted
on the FR 2900 report very carefully to ensure that
the data are accurate. As a result of that review,
Federal Reserve Bank staff may ask reporting institutions to explain movements in the data, and, if
reported data are incorrect, staff will ask the institution to submit revisions. Since these data are
extremely time sensitive, reporting institutions
should respond as quickly as possible to these
requests.

Unposted credits consist of items that have
been received for deposit and that are in
process of collection but have not been
posted to individual or general ledger deposit
accounts. These credits should be reported
as deposits. (See subsection N, Treatment of
Suspense Accounts.)
D.11.

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Rejected Items. Rejected items (resulting
from mutilated documents, incorrect account
numbers, or other factors) that would otherwise have resulted in credit to deposit
accounts should be included in deposit totals

Filing of Data. Weekly and quarterly
FR 2900 data may be filed with the appropriate Federal Reserve Bank either electronically or in hard-copy form. Please visit
www.frbservices.org/centralbank/
index.html or contact the appropriate Federal Reserve Bank for information on electronic submission of the reporting
institution’s data.

F.

Liabilities That Are Reservable under
Regulation D
Under the Monetary Control Act of 1980, transaction accounts, nonpersonal time deposits (which
also include nonpersonal savings deposits), and
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eurocurrency liabilities are subject to reserve requirements.4 Rules governing reserve requirements are
contained in Regulation D. Detailed instructions
defining these reservable liabilities can be found in
the appropriate item-by-item instructions.
Deposits, as defined by Regulation D, are described
in subsection G immediately below. Please note,
however, that in addition to reservable liabilities,
certain nonreservable liabilities are also reported on
the FR 2900.
G. Deposits as Defined under Regulation D
Regulation D, section 204.2(a)(1), defines ‘‘deposits,’’ which, for the purposes of the FR 2900 report,
are divided into two broad categories of liabilities:
deposits and primary obligations that are undertaken
by the reporting institution as a means of obtaining
funds.
G.1. Deposits reported in sections A, C, D, and F
of the FR 2900 consist of
a. funds (including brokered deposits)
received or held by the reporting institution for which credit has been given or is
obligated to be given to a transaction
account (demand deposit, share draft
account, telephone or preauthorized transfer, or ATS account), a savings deposit
account (including share accounts), or a
time deposit account (including share certificate accounts). Also include interest
credited to such accounts;
b. funds received or held by departments
other than the trust department of the
reporting institution for a special or specific purpose, such as escrow funds, funds
held as security for securities lent by the
reporting institution, funds deposited as
advance payments on subscriptions to U.S.
government securities, and funds held to
meet the reporting institution’s acceptances. Refer to subsection I, Treatment of
Trust Funds, for clarification on trust
reporting;
4. Nonpersonal time deposits and eurocurrency liabilities are reservable
liabilities even though they currently are subject to a 0 percent reserve
requirement.
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c. cashier’s checks, certified checks, teller’s
checks, 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. These checks include
(1) those drawn by the reporting institution on itself and not payable at or
through another depository institution;
(2) 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 that the
reporting institution routinely maintains with sufficient balances to cover
checks or drafts drawn in the normal
course of business should be excluded
from items A.1.a through A.1.c,
Demand Deposits, and recorded
directly as a reduction in item B.1,
Demand Balances Due from Depository Institutions in the U.S.; and
(3) those drawn by the reporting institution on, or payable at or through, a
Federal Reserve Bank or a Federal
Home Loan Bank;
d. funds received or held in connection with
traveler’s checks and teller’s checks sold
(but not drawn) by the reporting institution, until the proceeds of the sale are
remitted to another party. Also include
other funds received or held in connection
with any other checks used (but not drawn)
by the reporting institution, until the
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amount of the checks is remitted to another
party;
e. money orders issued for any purpose
(including those issued in payment for
services, dividends, or purchases) that are
drawn on the reporting institution and are
outstanding on the report date. Also include
funds received or held for money orders
sold, but not drawn, by the reporting institution until the proceeds of the sale are
remitted to another party;
f. funds received or held in connection with
letters of credit issued to customers, including funds credited to cash collateral
accounts and similar accounts;
g. checks or drafts drawn by, or on behalf of,
a non-U.S. office of the reporting institution on an account maintained at any U.S.
office of the reporting institution;
h. deposits at non-U.S. offices of the reporting institution that are payable at a U.S.
office or for which the depositor is guaranteed payment at a U.S. office. A deposit of
a U.S. resident in a denomination of less
than $100,000 is a deposit, regardless of
where it is payable;
i. any obligation to pay a check or draft
(including a share draft) drawn on the
reporting institution that has been presented for collection by a third party when
the depositor’s account at the reporting
institution has already been charged and
settlement of the check has not been made;
j. credit balances; and
k. any funds received by the reporting institution’s affiliate and later channeled to the
reporting institution by the affiliate in the
form of a transaction account, savings
deposit (including share accounts), or time
deposit (including share certificates).
G.2. Certain primary obligations are reported in
sections A, C, D, and F of the FR 2900.
Primary obligations reported in these sections
consist of
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a. any obligation that can be sold or transferred to another party without the knowledge of the reporting institution, regardless of the party to whom the obligation
was initially issued;
b. purchases of ‘‘federal funds,’’ either overnight or for a specified term, from nonexempt entities;
c. repurchase agreements entered into with
non-exempt entities on any asset other
than (1) an obligation of, or an obligation
fully guaranteed as to principal and interest by, the U.S. government or a federal
agency or (2) 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;
d. funds raised through the issuance and sale
of mortgage securities (backed by a pool
of conventional, non-federally insured
mortgages) to non-exempt 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.
This treatment, however, does not apply to
normal mortgage loan participation transactions in which the buyer and seller of a
participation in a mortgage loan or pool of
mortgages share all risk of loss on a pro
rata basis. In such instances, any funds
raised through the sale of such participations are not subject to reserve requirements;
e. liabilities of the reporting institution in the
form of mortgage-backed bonds that are
issued and sold by the reporting institution
to non-exempt entities;
f. proceeds from outstanding sales to nonexempt entities of short-term loans made
under long-term lending commitments;
g. liabilities for outstanding bank notes or
other debt instruments other than those
that are subordinated to the claims of
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depositors, are not insured by a federal
agency, have weighted-average maturities
of five years or more, and are issued by a
depository institution with the approval or
under the rules and regulations of its
primary federal supervisor;
h. the borrowing of cash equivalents that
qualify as deposits for Regulation D purposes (for example, precious metals); and
i. liabilities arising from the issuance of due
bills or similar instruments that are issued
by the reporting institution to any customer (including another depository institution), regardless of the use of the proceeds, or a debit to an account of the
customer before the securities are delivered, unless collateralized within three
business days from the date of issuance by
a security similar to the security purchased
by the reporting institution’s customer. A
security is similar if it is of the same type
and if it is of comparable maturity to that
purchased by the customer. In the absence
of such collateral, due bills become reservable deposits beginning on the fourth business day after the date of issuance, without
regard to the purpose of the due bill or the
party to whom it was issued.
G.3. Primary obligations to be reported in items
AA.1 and BB.2 of the FR 2900 consist of any
liability of the reporting institution’s nonconsolidated affiliate on any promissory note
(including commercial paper), acknowledgment of advance, due bill, or similar obligation (written or oral), regardless of maturity,
to the extent that the proceeds are used to
supply or maintain the availability of funds
(other than capital) to the reporting institution
(1) if the affiliate’s liability would have been
regarded as reservable if issued by the reporting institution and (2) if the proceeds from
the affiliate’s liability are channeled to the
reporting institution in the form of a nonreservable transaction (for example, a sale of
the reporting institution’s assets to its affiliate).
The proceeds from the affiliate’s liability
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(whether regarded as reservable or nonreservable if issued by the reporting institution)
when channeled to the reporting institution in
the form of a transaction account, savings
deposit (including share accounts), or time
deposit (including share certificates) should
be reported by the reporting institution as a
transaction account, savings deposit, or time
deposit respectively (see subsection G.1.a). If
the affiliate’s liability would have been
regarded as nonreservable if issued by the
reporting institution, and if the proceeds from
the affiliate’s liability are channeled to the
reporting institution in the form of a nonreservable transaction, such funds are excluded
from the FR 2900 report.
Regulations may require certain obligations
that are not classified as deposits on other
reports to be treated as deposits on the FR
2900 report. For example, certain debt obligations issued to non-exempt entities are
defined as deposits for purposes of Regulation D and the FR 2900 report but are
reported as borrowings on the quarterly report
of condition. Consequently, the deposit balances on the FR 2900 report may differ from
amounts reported in corresponding lines
reported on the reporting institution’s report
of condition and on other reports submitted
to the reporting institution’s regulator.
In general, funds received by a reporting
institution that are immediately applied to
reduce or extinguish a customer’s indebtedness to that institution do not constitute
deposits because no liability is incurred.
However, where a reporting institution
receives funds representing loan repayments
in the course of servicing loans for others,
such funds represent deposits. Certain dealer
reserve or dealer differential accounts, such
as those that arise when financing a merchant’s installment accounts receivable and
which provide that the dealer may not have
access to the funds in the account until the
installment loans are repaid, are exempt from
reserve requirements until the reporting institution becomes obligated to the merchant for
the full amount or any portion of the funds.
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Similarly, funds that have been irrevocably
assigned to the reporting institution and cannot be reached by its customer or by the
customer’s creditors are not subject to reserve
requirements. Finally, certain other liabilities
that do not result in a receipt of funds, such as
accounts payable, are not regarded as reservable liabilities.
H. Treatment of Pass-Through Balances

I. Treatment of Trust Funds
Trust funds should be reported as deposits of the
reporting institution and should be classified as
transaction accounts, savings deposits (including
share accounts), or time deposits (including share
certificates), depending on the terms of the underlying agreement when
I.1. deposited by the trust department of the reporting institution in the commercial or other
department of the reporting institution;

A reporting institution may satisfy its reserve requirements by holding vault cash, by holding a reserve
balance with its Federal Reserve Bank, or by electing to be a respondent and passing its required
reserve balance through a correspondent institution.

I.2. deposited by the trust department of another
reporting institution in the commercial or other
department of the reporting institution; or

Correspondent institutions should exclude from the
FR 2900 report all balances received from respondent institutions that have been passed through to
the Federal Reserve Bank to satisfy reserve requirements. The correspondent institution should include
on the FR 2900 report all balances received from
respondent institutions in excess of those held to
satisfy reserve requirements, regardless of whether
such balances have been passed through to a Federal
Reserve Bank.

Commingled balances of individual trusts held in a
single transaction account may not be netted. A
negative balance in an individual trust account must
be reflected as a zero balance and should not be
netted against positive balances in other trusts in
computing the amount in the commingled transaction account each day. The prohibition does not
apply, however, if (1) the applicable trust law specifically permits the netting, or if a written trust
agreement, valid under applicable trust law, permits
a trust to lend money to another trust account; or (2)
the amount that caused the overdraft is still available
in a settlement, suspense, or other trust account
within the trust department and may be used to
offset the overdraft.

Respondent institutions should exclude from the FR
2900 report all balances that the correspondent
institution passes through to the Federal Reserve
Bank on behalf of the respondent to satisfy reserve
requirements. The respondent institution should
include on the FR 2900 report all balances held by a
correspondent institution in excess of the respondent
institution’s reserve requirements, regardless of
whether the correspondent institution passes these
excess balances through to the Federal Reserve
Bank.
To the extent that balances received by a correspondent institution from a respondent institution are
held pursuant to a general pass-through agreement,
the correspondent institution should report balances
received from its respondent institutions in excess of
those held to satisfy reserve requirements in item
A.1.a, Demand deposits due to depository institutions. Accordingly, respondent institutions should
report such balances in item B.1, Demand deposits
due from depository institutions in the U.S.
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I.3. mingled with the general assets of the reporting
institution, regardless of where held.

Exclude from the FR 2900 report trust funds that a
reporting institution receives or holds but keeps
segregated from its general assets and that are not
available for general investment or lending purposes. Items such as bonds, stocks, jewelry, coin
collections, and so on, that are left with the reporting
institution for safekeeping, sometimes referred to as
‘‘special deposits,’’ should not be included as deposits on the FR 2900 report.
J. Treatment of Escrow Funds
Escrow funds consist of funds deposited with a
reporting institution under an agreement that requires
the reporting institution to pay all or some portion of
the funds to a third party at a certain time or upon
fulfillment of certain conditions.
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Escrow funds should be classified as transaction
accounts, savings deposits (including share
accounts), or time deposits (including share certificates) based on the contractual maturity date or
disbursement schedule in the escrow agreement.
When the escrow agreement has no specific maturity date or disbursement schedule, these funds may
be classified by when the funds have been disbursed
in practice.

K.2. Misdirected Payment. A misdirected payment occurs when the sending institution transfers funds to the wrong depository institution.
The funds will eventually be returned to the
sending institution or disbursed to the correct
institution. However, the institution that
received the funds in error must report these
funds as a demand deposit until the funds are
disbursed.

Escrow funds will be regarded as personal savings
deposits (including share accounts) or personal time
deposits (including share certificates) if the depositor is a natural person and the other conditions of a
savings deposit or time deposit are met, notwithstanding that the funds are held by the reporting
institution as an escrow agent. The classification of
escrow funds as time deposits or savings deposits
(including share certificates and share accounts)
does not depend on whether or not interest or
dividends are paid on the funds. Escrow agreements
entered into by the reporting institution in states
where the payment of interest or dividends on such
accounts is required by law must comply with the
notice or maturity provisions applicable to time
deposits or savings (including share accounts) deposits.

The sending institution does not have either a
due from depository institution deduction or a
cash item in the process of collection. The
institution that did not receive the expected
funds, regardless of whether or not the institution credited the customer’s account in anticipation of receiving payment, does not have
either a due from depository institution deduction or a cash item in the process of collection.

K. Treatment of Payment Errors
Demand deposits that are incurred because of payment errors must be reported in the appropriate
category on the FR 2900. The holder of the funds
must report them on the FR 2900, even if the
depository institution that has the funds did not
intend to receive these funds or intended to send
these funds but could or did not. Payment errors
typically arise from the following transactions:
K.1. Duplicate Payment. A duplicate payment
occurs when the sending institution transfers
funds more than once. Part of this payment
will eventually be returned. However, the
funds represent a demand deposit for the
receiving institution, and the amount must be
reported as a demand deposit until the funds
are disbursed. The sending institution does not
have either a due from depository institution
deduction or a cash item in the process of
collection.
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K.3. Failed Payment. A failed payment occurs
when an institution fails to make a payment
requested by a customer because of payment
system failures (for example, computer problems) or a clerical error. The funds retained
because the transfer was not executed must be
reported as a demand deposit until the funds
are disbursed.
The institution that did not receive the expected
funds, regardless of whether or not the institution credited the customer’s account in anticipation of receiving payment, does not have
either a due from depository institution deduction or a cash item in the process of collection.
K.4. Improper Third-Party Transfers. An
improper third-party transfer occurs when a
third-party transfer is sent over Fedwire during
the settlement period (for example, after 6:00
p.m. EST). If the transfer is not reversed by the
close of Fedwire, the receiving depository
institution must report these funds as a demand
deposit. The sending depository institution
does not report these funds as either a due
from depository institution or a cash item in
the process of collection.
L. Treatment of Sweep Arrangements
Sweep arrangements allow funds to be automatically transferred between different types of deposit
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ments are considered third-party transfers
and must comply with the rules specified in
Regulation D 204.2(d)(2). (See item C.1,
Total Savings Deposits.)

accounts or between deposit accounts and other
interest-bearing instruments. The FR 2900 should
reflect amounts outstanding as of the close of business each day as reflected on the reporting institution’s general ledger for each item. Therefore, any
swept amounts should be reported based on the
account in which they reside at the close of each
day, not where the deposits originated. When deposits of a customer under a sweep program were not
transferred between transaction and nontransaction
accounts on the general ledger for any reason, the
reporting institution should not make back-valued or
post-closing adjustments to the FR 2900 to reflect
the sweep activity that did not actually occur.

c. The maximum number of preauthorized or
automatic funds transfers (‘‘sweeps’’) from
a savings deposit account into a transaction
account in a retail sweep program is limited
to not more than six (6) per month.
L.2. Offshore Investment Sweeps. When a depository institution intends to establish an offshore
sweep program, the deposit contractual agreement between the reporting institution and its
customer must be executed pursuant to which
the deposit is payable as a matter of right only
at an office located outside the United States of
the reporting institution. However, if a deposit
of a U.S. resident under an offshore sweep
program is less than $100,000, it must be
reported on the reporting institution’s FR 2900
as a deposit, regardless of any provisions in the
applicable deposit agreement as to payability
only outside the United States.

L.1. Retail Sweeps. When a depository institution
establishes a retail sweep program with respect
to transaction account customers, the depository institution must ensure that its customer
account agreements provide for the existence
of two distinct accounts (a transaction account
and a savings deposit account, including share
accounts) rather than a single (transaction)
account and that funds are actually transferred
between these two accounts as described in the
customer contract.

L.3. Domestic Investment Sweeps. When a depository institution intends to establish an investment sweep program with its customer, a contractual agreement between the reporting
institution and the customer must be executed
that clearly states that, for the period during
which the funds are swept, the liability for the
funds is no longer a deposit liability of the
reporting institution but rather the liability of
the issuer of the alternate investment.

There are three key criteria for valid retail
sweep programs:
a. A depository institution must establish by
agreement with its transaction account customer two legally separate accounts: a transaction account (a share draft or demand
deposit account) and a nontransaction
account (usually a savings deposit account
(including share accounts), also sometimes
called a ‘‘money market deposit account’’ or
‘‘MMDA’’).
b. The swept funds must actually be moved
from the customer’s transaction account to
the customer’s savings deposit account
(including share accounts) on the depository
institution’s general ledger as of the close of
business on the day(s) on which the depository institution intends to report the funds in
question as savings deposits and not transaction accounts, and vice versa. Transfers
from nontransaction accounts to transaction
accounts associated with sweep arrangeCU-12

M.

Mergers
The surviving entity of a merger should report
consolidated FR 2900 balances as of the first calendar day that the nonsurvivor no longer exists. This
day should be based on the legal date of the merger
regardless of whether it occurs on a weekday,
weekend, or holiday.

N. Treatment of Suspense Accounts
Funds in suspense accounts are transaction accounts
and must be reported in item A.1.c, Other Demand
Deposits. When the disposition of funds in suspense
has been determined, the funds should be reported
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in the appropriate line item. However, what was
previously reported cannot be revised.
O. Netting
Netting liabilities against assets is generally not
permitted on the FR 2900. Netting is permitted only
when explicitly outlined in these instructions (for
example, reciprocal balances, bona fide cash management agreements) even if generally accepted
accounting standards permit additional netting practices (for example, FIN 39-1).

Section 2 - Item-By-Item Instructions
Transaction Accounts (Items A.1 through A.3)
Items A.1 through A.3 of the report collect data on
transaction accounts by component. Below is a general
description of transaction accounts, followed by a summary of transaction account classifications. These descriptions are followed by detailed instructions for each item
to be reported under transaction accounts.
General Description of Transaction Accounts
With exceptions noted below, report in items A.1 through
A.3, as appropriate, 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), a remote service unit
(RSU), or other electronic device, including by debit
card.
Transaction accounts include
1. demand deposits;
2. deposits or accounts 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,
whether or not this right is exercised, and are
subject to more than six checks, drafts, negotiable orders of withdrawal, share drafts, or other
similar instrument per payment cycle;
3. deposits or accounts, such as accounts authorized
by 12 U.S.C. § 371a (automatic transfer service
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accounts, or ATS accounts), 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,
whether or not this right is exercised. Withdrawals from these accounts may be made automatically through payment to the reporting institution
itself or through transfer of credit to a demand
deposit account, share draft account, or other
account to cover checks or drafts drawn upon the
reporting institution or to maintain a specified
balance in, or to make periodic transfers to, such
other accounts provided that the account consists
of funds in which the entire beneficial interest is
held by one or more individuals as prescribed by
12 U.S.C. § 371a;
4. deposits or accounts (other than saving deposits,
including share accounts) (a) in which the entire
beneficial interest is held by a party eligible to
hold a share draft account; and (b) 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,
whether or not this right is exercised; and (c)
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 or statement cycle (or similar period)
of at least four weeks for purposes of
• transferring funds to another account of the
depositor at the same reporting institution
(including a transaction account); or
• making payment to a third party by means of
preauthorized transfer; or
• making payment to a third party by means of
telephonic (including data transmission) agreement, order, or instruction.
An account that permits or authorizes more than
six such withdrawals in a calendar month, or
statement cycle (or similar period) of at least four
weeks, is a transaction account whether or not
more than six such withdrawals actually are made
during such period.
A preauthorized transfer includes any arrangement by the reporting institution to pay a third
party from the account of a depositor
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• upon written or oral instruction (including an
order received through an automated clearing
house, or ACH); or
• at a predetermined time or on a fixed schedule.
The following transactions do not constitute preauthorized, automatic, or telephonic transfers or
withdrawals:
• transfers for the purpose of repaying loans and
associated expenses at the same reporting institution (as originator or servicer); or
• transfers of funds from this account to another
account of the same depositor at the same
institution or withdrawals (payments directly
to the depositor) from the account when such
transfers or withdrawals are made by mail,
messenger, ATM, or in person or when such
withdrawals are made by telephone (via check
mailed to the depositor), regardless of the
number of such transfers or withdrawals;
5. deposits or accounts maintained in connection
with an arrangement that permits the depositor to
obtain credit directly or indirectly through the
drawing of a negotiable or nonnegotiable check,
draft, order or instruction, or other similar device
(including telephone or electronic order or
instruction) on the issuing reporting institution
that can be used for the purpose of making
payments or transfers to third parties or others or
to a deposit account of the depositor;
6. all deposits other than time deposit and savings
deposit accounts (including share certificates and
share accounts), including those accounts that are
time and savings deposits in form but that the
Federal Reserve Board has determined, by rule
or order, to be transaction accounts; and
7. interest or dividends paid by crediting a transaction account.
Transaction accounts do not include
1. savings deposits (including share accounts and
accounts commonly known as money market
deposit accounts (MMDAs)). Please note, however, that an account that otherwise meets the
definition of a savings deposit but that authorizes
or permits the depositor to exceed the withdrawal
or transfer limitations specified for that account
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is a transaction account (see item C.1, Total
Savings Deposits);
2. time deposit accounts or share certificates; and
3. primary obligations maturing in less than seven
days if they take the form of ineligible acceptances or of obligations issued by the reporting
institution’s affiliates described in section 1, subsection G.3. These primary obligations should be
reported in item AA.1.
Summary of Transaction Account Classifications
A. Always regarded as transaction accounts
1. demand deposits;
2. share draft accounts;
3. accounts (other than savings deposits, including
share accounts) from which payments may be
made to third parties by means of an ATM, an
RSU, or other electronic device, including by debit
card;
4. accounts (other than savings deposits, including
share accounts) that permit third-party payments
through use of checks, drafts, negotiable instruments, or other similar instruments;
5. accounts that are time or savings deposits (including share accounts) in form but that the Federal
Reserve Board has determined, by rule or order, to
be transaction accounts; and
6. ATS accounts.
B. Deposits or accounts that are regarded as transaction
accounts if the following specified conditions exist:
1. accounts (including share accounts) that otherwise
meet the definition of savings deposits but that
authorize or permit the depositor to exceed the
transfer and withdrawal rules for a savings deposit
(including share accounts);
2. any deposit or account that otherwise meets the
definition of a time deposit but that allows withdrawals within the first six days after the date of
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, unless the deposit or account meets the
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definition of a savings deposit. Any such deposit or
account that meets the definition of a savings
deposit shall be reported as a savings deposit
(including share accounts). Otherwise, the deposit
or account shall be reported as a demand deposit in
item A.1.a or item A.1.c; and
3. the remaining balance of a time deposit (including
share certificates) from which a partial early withdrawal has been made, unless the remaining balance either (a) is subject to additional early withdrawal penalties of at least seven days’ simple
interest on amounts withdrawn within six days
after each partial withdrawal (in which case the
deposit or account continues to be reported as a
time deposit) or (b) is placed in an account that
meets the definition of a savings deposit (in which
case the deposit or account shall be reported as a
savings deposit or a share account). Otherwise, the
deposit or account shall be reported as a demand
deposit in item A.1.a or item A.1.c.
C. Not regarded as transaction accounts (unless specified
above)
1. savings deposits (including share accounts) (including MMDAs);
2. accounts that permit telephone or preauthorized
transfers or transfers by ATMs or RSUs to repay
loans made or serviced by the reporting institution;
3. accounts that permit telephone or preauthorized
withdrawals where the proceeds are to be mailed to
or picked up by the depositor;
4. accounts that permit transfers to other accounts of
the depositor at the reporting institution through
ATMs or RSUs; and

Include in items A.1.a through A.1.c
1. all checking accounts, including those pledged as
collateral for loans or maintained as compensating
balances. However, do not include share draft
accounts, which are reported in item A.2;
2. cashier’s checks, certified checks, teller’s checks,
and other officer’s checks issued for any purpose,
including those issued in payment for services,
dividends, or purchases that are drawn on by any of
the reporting institution’s duly authorized officers
and that are outstanding on the report date. These
checks include
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 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 that the reporting institution routinely
maintains with sufficient balances to cover checks
or drafts drawn in the normal course of business
should be excluded from items A.1.a through
A.1.c, Demand Deposits, and recorded directly
as a reduction in item B.1, Demand Balances
Due from Depository Institutions in the U.S.;

5. time deposits or share certificates.
Demand Deposits (Items A.1.a through A.1.c)
For items A.1.a through A.1.c of the FR 2900 report,
demand deposits include deposits described in section 1,
subsection G.1, and primary obligations described in
section 1, subsection G.2, 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.
FR 2900
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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 teller’s checks sold (but not drawn)
by the reporting institution, until the proceeds of
the sale are remitted to another party. 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;
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4. money orders issued for any purpose (including
those issued in payment for services, dividends, or
purchases) that are drawn on the reporting institution and are outstanding on the report date should
be reported as deposits. In addition, funds received
or held for money orders sold, but not drawn on the
reporting institution, should be included as deposits until the proceeds of the sale are remitted to
another party;
5. funds received or held in connection with letters of
credit sold to customers, including funds credited
to cash collateral accounts and similar accounts;
6. unposted credits and suspense accounts;
7. withheld taxes, withheld insurance premiums, and
other funds withheld from salaries of the reporting
institution’s employees. Also include taxes withheld from distributions or payments from pensions,
annuities, and other deferred income, including
individual retirement accounts (IRAs);
8. funds received or held in escrow accounts that may
be withdrawn on demand or within six days from
the date of deposit, except escrow funds that meet
the definition of savings deposits or time deposits
(see section 1, subsection J, Treatment of Escrow
Funds);
9. an obligation to pay on demand or within six days
a check or share draft (or other instrument, device,
or arrangement for the transfer of funds) drawn on
the reporting institution, when the depositor’s
account already has been debited;
10. checks or drafts drawn by, or on behalf of, a
non-U.S. office of the reporting institution on an
account maintained at any of the reporting institution’s U.S. offices;
11. demand deposit accounts at non-U.S. offices of the
reporting institution that are guaranteed payable in
the United States or when the depositor is guaranteed payment at a U.S. office;
12. for any depositor that is not eligible to hold a share
draft account, accounts that otherwise meet the
definition of savings deposits but under the terms
of which, or by practice of the reporting institution,
the depositor is authorized or permitted to exceed
the withdrawal or transfer limitations specified for
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savings deposits, including share accounts see item
C.1, Total Savings Deposits);
13. any deposit or account that otherwise meets the
definition of a time deposit but that allows withdrawals within the first six days after the date of
deposit and that does not require an early withdrawal penalty of at least seven days’ simple
interest on amounts withdrawn within the first six
days, unless the deposit or account meets the
definition of a savings deposit or share account.
Any such deposit or account that meets the definition of a savings deposit or share account shall be
reported as a savings deposit. Otherwise, the
deposit or account shall be reported as a demand
deposit in item A.1.a or item A.1.c;
14. the remaining balance of a time deposit (including
share certificates) from which a partial early withdrawal has been made, unless the remaining balance either (a) is subject to additional early withdrawal penalties of at least seven days’ simple
interest on amounts withdrawn within six days
after each partial withdrawal (in which case the
deposit or account continues to be reported as a
time deposit) or (b) is placed in an account that
meets the definition of a savings deposit (in which
case the deposit or account shall be reported as a
savings deposit). Otherwise, the deposit or account
shall be reported as a demand deposit in item
A.1.a or item A.1.c;
15. all matured time certificates of deposit (including
share certificates), even if interest is paid after
maturity, except matured time certificates of
deposit during the grace period after maturity, if
such a grace period exists. (See 12 CFR § 329.104.)
Excludes matured time certificates of deposits
(including share certificates) and proceeds from
time deposits or time deposit open accounts,
wherein the deposit agreement specifically provides for the funds to be transferred to an account
type other than a demand deposit in item A.1.a or
item A.1.c;
16. the institution’s liability on primary obligations
described in section 1, subsections G.2.a, c, d, e,
and f, that are issued by the reporting institution to
non-exempt entities in original maturities of less
than seven days;
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17. due bills described in section 1, subsection G.2.i,
that are issued by the reporting institution in
original maturities of less than seven days and
that are not collateralized within three business
days by similar securities;
18. credit balances;
19. any funds received by the reporting institution’s
affiliate and later channeled to the reporting institution by the affiliate in the form of a demand
deposit in item A.1.a or item A.1.c; and
20. funds received as a result of payment errors. (See
section 1, subsection K, Treatment of Payment
Errors.)
Exclude from demand deposits in either item A.1.a or
item A.1.c, the following categories of liabilities even if
they have an original maturity of less than seven days:
1. savings deposits or share accounts (including
MMDAs);
2. hypothecated deposits. Please note that for purposes of the FR 2900 report, hypothecated deposits
do not include shares or deposits simply serving as
collateral for loans;
3. funds received and credited to dealer reserve or
dealer differential accounts that the reporting institution is not obligated to make available to either
the dealer or the dealer’s creditors;
4. checks or drafts drawn by the reporting institution
on a deposit account at another depository institution that the reporting institution routinely maintains with sufficient balances to cover checks or
drafts drawn in the normal course of business (see
item B.1, Demand Balances Due from Depository
Institutions in the U.S.);
5. repurchase agreements involving
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. due bills, issued to any entity, that are collateralized within three business days by securities simiFR 2900
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lar to the securities purchased (see section 1,
subsection G.2.i, Primary Obligations);
7. any primary obligation issued or undertaken as a
means of obtaining funds (except for due bills that
are not collateralized within three business days by
a similar security), regardless of the use of the
proceeds, when transacted with the U.S. office of
the following exempt entities:
A. U.S. commercial banks and trust companies
and their majority-owned subsidiaries;
B. U.S. branches or agencies of a bank organized
under foreign (non-U.S.) law (including U.S.
branches and agencies of foreign official banking institutions);
C. banking Edge Act and agreement corporations;
D. mutual and stock savings banks;
E. building or savings and loan associations, and
homestead associations;
F. cooperative banks;
G. industrial banks;
H. credit unions (including corporate central credit
unions);
I. the U.S. government and its agencies and instrumentalities, such as the National Credit Union
Administration (NCUA) Central Liquidity Facility, National Credit Union Share Insurance
Fund, Federal Home Loan Banks, Federal Intermediate Credit Banks, Federal Land Banks,
Banks for Cooperatives, the Federal Home Loan
Mortgage Corporation, Federal Deposit Insurance Corporation, Federal National Mortgage
Association, and Federal Financing Bank;
J. Export-Import Bank of the United States;
K. Government Development Bank of Puerto Rico;
L. Minbanc Capital Corporation;
M. securities dealers, but only when the borrowing (1) has a maturity of one day, (2) is in
immediately available funds, and (3) is in
connection with the clearance of securities;
N. the U.S. Treasury;
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Credit Unions

O. 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; and

D. branches and agencies of foreign (non-U.S.)
banks (including branches and agencies of foreign official banking institutions);

P. an investment company or trust whose entire
beneficial interest is held exclusively by one or
more depository institutions;

F. 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;

8. funds obtained from state and municipal housing
authorities under loan-to-lender programs involving the issuance of tax-exempt bonds and the
subsequent lending of the proceeds to the reporting
institution for housing finance purposes;
9. borrowings from a Federal Reserve Bank;
10. amounts of outstanding bankers’ acceptances that
are created by the reporting institution and that are
of the type that are ineligible for discount at
Federal Reserve Banks (see section 1, subsection
G.3, Primary Obligations). These transactions are
reported in schedule AA or BB;

E. banking Edge Act and agreement corporations;
and

2. non-U.S. offices of
A. other U.S. banks and banking Edge Act and
agreement corporations (that is, other than the
reporting institution’s own non-U.S. offices);
and
B. commercial banks, merchant banks, discount
houses, and similar banking institutions (including banking affiliates of the reporting institution or its parent) organized under the laws of a
foreign country, Puerto Rico, Guam, American
Samoa, or the Virgin Islands, or other territories of the United States;

11. certain obligations issued by the reporting institution’s nondepository affiliates (see section 1, subsection G.3, Primary Obligations). These transactions are reported in schedule AA or BB;

3. mutual or stock savings banks (including those that
are bankers’ banks);

12. shares of the credit union held by the National
Credit Union Administration (NCUA) or the
NCUA Central Liquidity Facility; and

4. building or savings and loan associations, homestead associations, and cooperative banks (including those that are bankers’ banks); and

13. overdrafts. (See section 1, subsection D.9, Overdrafts or Negative Balances.)

5. credit unions (including corporate central credit
unions).

Demand Deposits Due to Depository Institutions
(Item A.1.a)
Include in item A.1.a the balance of all demand deposits
in the form of deposits that are due to
1. U.S. offices of the following institutions
A. U.S. commercial banks (including affiliates of
the reporting institution that engage in a commercial banking business and private banks)
and trust companies conducting a commercial
banking business;
B. industrial banks;
C. bankers’ banks that are organized as commercial banks;
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Also include in this item balances subject to immediate
withdrawal that are due to a respondent institution and
that have not been passed through to the Federal Reserve
by the reporting institution to satisfy a reserve requirement.
Also include in item A.1.a any deposit or account that
otherwise meets the definition of a time deposit but that
allows withdrawals within the first six days after the date
of 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, unless the deposit
or account meets the definition of a savings deposit. Any
such deposit or account that meets the definition of a
savings deposit shall be reported as a savings deposit.
Otherwise, the deposit or account shall be reported in this
item or in item A.1.c.
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Credit Unions

Also include the remaining balance of a time deposit
(including share certificates) from which a partial early
withdrawal has been made unless the remaining balance
either (a) is subject to additional early withdrawal penalties of at least seven days’ simple interest on amounts
withdrawn within six days after each partial withdrawal
(in which case the deposit or account continues to be
reported as a time deposit) or (b) is placed in an account
that meets the definition of a savings deposit (in which
case the deposit or account shall be reported as a savings
deposit). Otherwise, the deposit or account shall be
reported in this item or in item A.1.c. Include in this item
those accounts issued by the reporting institution to the
depository institutions listed in 1 through 5 above that
otherwise meet the definition of savings deposits but
under the terms of which, or by practice of the reporting
institution, the depositor is authorized or permitted to
exceed the withdrawal or transfer limitations specified
for that account. (See item C.1, Total Savings Deposits.)

Also include in this item all due bills that are issued by
the reporting institution to U.S. offices of those institutions listed in 1, 3, 4, and 5 above in original maturities of
less than seven days and that are not collateralized within
three business days by similar securities. Except for such
due bills, all other primary obligations should be excluded
from item A.1.a.
Reciprocal Balances: All demand balances, except for
due bills, due to an institution that is listed in 1.A through
1.E above may be reported net of balances due from
those institutions (see calculations of net reciprocal balances below).
All demand balances in the form of due bills issued to the
U.S. offices of the institutions listed in 1, 3, 4, and 5
above and all other demand balances due to the institutions listed in 1.F, 2, 3, 4, and 5 above shall be reported
on a gross basis.

Calculation of net reciprocal balances (an example):
A.

B.

‘‘Due to’’ Banks

‘‘Due from’’ Banks

Bank A

$200,000

$1,000,000

Bank B

$500,000

$300,000

Bank C

$1,700,000

$2,500,000

Net ‘‘Due to’’ Banks

Net ‘‘Due from’’ Banks

Bank A

0

$800,000

Bank B

$200,000

0

Bank C

0

$800,000

C. Sum of Net Reciprocal Balances
‘‘Due to’’ Banks

‘‘Due from’’ Banks

$200,000

$1,600,000

(Report in item A.1.a)

(Report in item B.1)

Exclude from item A.1.a
1. demand deposits due to

deposits represent balances that the reporting
institution, serving as pass-through agent or
correspondent, has passed through to the

A. respondent institutions to the extent that such
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Credit Unions

Federal Reserve Bank to satisfy reserve
requirements;

ings by the reporting institution and should not be
included on the FR 2900 report;

B. institutions to the extent that such deposits are
placed by the reporting institution as agent into
an excess balance account at the Federal
Reserve Bank;

4. cashier’s checks, certified checks, teller’s checks,
and other officer’s checks or any other instrument
drawn by the reporting institution (report in item
A.1.c, Other Demand Deposits);

C. nondepository and limited purpose trust companies (report in item A.1.c, Other Demand
Deposits);

5. all primary obligations (including due bills) issued
to non-U.S. offices of U.S. depository institutions
and of non-U.S. banks (include in calculation of
item CC.1, Net Eurocurrency Liabilities); and

D. trust departments of the reporting institution
and of other depository institutions (report in
item A.1.c, Other Demand Deposits);
E. nondepository affiliates of the reporting institution and of other depository institutions (report
in item A.1.c, Other Demand Deposits);
F. the U.S. government (report in item A.1.b, U.S.
Government Demand Deposits) and its agencies and instrumentalities (report in item A.1.c,
Other Demand Deposits), including the NCUA
Central Liquidity Facility, National Credit
Union Share Insurance Fund, Federal Home
Loan Banks, Federal Intermediate Credit Banks,
Federal Land Banks, Banks for Cooperatives,
the Federal Home Loan Mortgage Corporation,
Federal Deposit Insurance Corporation, Federal National Mortgage Association, Federal
Financing Bank, and Export-Import Bank of
the United States; and
G. foreign (non-U.S.) official banking institutions
(report in item A.1.c, Other Demand Deposits);
2. a demand deposit due to a depository institution
that is negative (that is, overdrawn). The amount
of such negative balance should be regarded as
zero when computing the deposit total (see section
1, subsection D.9, Overdrafts or Negative Balances);
3. any negative ‘‘due from’’ balance that results
when an account at another depository institution
that the reporting institution routinely maintains
with sufficient balances to cover checks or drafts
drawn in the normal course of business becomes
overdrawn; negative balances that result from
such occasional overdrafts are regarded as borrow-

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6. except for those due bills noted earlier for inclusion, all other primary obligations that are issued
to U.S. offices of depository institutions are
excluded from item A.l.a and from the FR 2900
report. Such obligations include, but are not limited to, federal funds transactions and repurchase
agreements with U.S. offices of depository institutions.
U.S. Government Demand Deposits (Item A.1.b)
Include in item A.1.b the balance of all demand deposit
accounts in the form of deposits that are designated as
federal public funds, such as
1. U.S. Treasury general accounts and special collection accounts;
2. postmaster’s demand deposit accounts;
3. demand deposit accounts of the following:
A. the Tennessee Valley Authority and other
government-owned corporations; and
B. disbursing officers of the Department of
Defense and Department of the Treasury;
4. demand deposit accounts of other public funds
that are subject to control or regulation by the U.S.
government, including U.S. Customs and Border
Protection, accounts of military organizations
(such as post exchanges and military clubs), and
similar entities.
Please note that for item A.1.b, demand deposits include
only deposits held for the credit of the U.S. government
and exclude all primary obligations to the U.S. government. Such primary obligations are exempt from reserve
requirements.

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Credit Unions

Exclude from item A.1.b
1. demand deposits due to U.S. government agencies
and instrumentalities (report in item A.1.c, Other
Demand Deposits), including the National Credit
Union Share Insurance Fund, NCUA Central
Liquidity Facility, Federal Home Loan Banks,
Federal Intermediate Credit Banks, Federal Land
Banks, Banks for Cooperatives, the Federal Home
Loan Mortgage Corporation, Federal Deposit
Insurance Corporation, Federal National Mortgage Association, Federal Financing Bank, and
Export-Import Bank of the United States;
2. demand deposits held for state or local governments or their political subdivisions (report in
item A.1.c); and
3. primary obligations.
Other Demand Deposits (Item A.1.c)
Include in item A.1.c the balance of all other demand
deposits in the form of deposits and primary obligations,
such as
1. demand deposits in the form of deposits held for
A. individuals, partnerships, and corporations,
wherever located;
B. states and local governments and their political
subdivisions;
C. U.S. government agencies and instrumentalities, including the National Credit Union Share
Insurance Fund, NCUA Central Liquidity Facility, Federal Home Loan Banks, Federal Intermediate Credit Banks, Federal Land Banks,
Banks for Cooperatives, the Federal Home
Loan Mortgage Corporation, Federal Deposit
Insurance Corporation, Federal National Mortgage Association, Federal Financing Bank,
and Export-Import Bank of the United States;

G. foreign (non-U.S.) governments (including foreign official banking institutions), both national
and regional, and international institutions;
and
H. holding companies;
2. withheld state and local government taxes, insurance premiums, and similar items (but not withheld federal income tax payments, which are
reported in item A.1.b, Demand Deposits of the
U.S. Government);
3. cashier’s checks, certified checks, teller’s checks,
and other officer’s checks issued for any purpose,
including those issued in payment for services,
dividends, or purchases that are drawn by any of
the reporting institution’s duly authorized officers
and that are outstanding on the report date. These
checks include
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 where funds are remitted by the
reporting institution only when it has been
advised that the checks or drafts have been
presented).

D. nondepository and limited purpose trust companies;

Those checks drawn by the reporting institution
on a deposit account at another depository institution that the reporting institution routinely maintains with sufficient balances to cover checks or
drafts drawn in the normal course of business
should be excluded from item A.1.a and item
A.1.c, Demand Deposits, and recorded directly as
a reduction in item B.1, Demand Balances Due
from Depository Institutions in the U.S.;

E. trust departments of the reporting institution
and of other institutions (see section 1, subsection I, Treatment of Trust Funds);

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

F. nondepository affiliates of the reporting institution and of other depository institutions;

4. funds received or held in connection with traveler’s checks and teller’s checks sold (but not

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drawn) by the reporting institution, until the proceeds of the sale are remitted to another party.
Also included are 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;
5. money orders issued for any purpose (including
those issued in payment for services, dividends, or
purchases) that are drawn on the reporting institution and are outstanding on the report date should
be reported as deposits. In addition, funds received
or held for money orders sold, but not drawn, by
the reporting institution should be included as
deposits until the proceeds of the sale are remitted
to another party;
6. unposted credits and suspense accounts;
7. funds received in connection with letters of credit
issued to customers, including funds credited to
cash collateral accounts or similar accounts;
8. funds deposited to the credit of the reporting
institution’s own trust department, where the funds
involved are utilized to cover checks or drafts;
9. funds received or held in escrow accounts that
may be withdrawn on demand or within six days
from the date of deposit, except escrow funds held
as savings deposits, including share accounts, or
time deposits, including share certificates (see
section 1, subsection J, Treatment of Escrow
Funds);
10. deposits subject to payment orders of withdrawal
(POWs);
11. for any depositor listed in 1.A through 1.H above
that is not eligible to hold a share draft account,
accounts that otherwise meet the definition of
savings deposits but under the terms of which, or
by practice of the reporting institution, the depositor is authorized or permitted to exceed the
withdrawal or transfer limitations specified for
that account (see item C.1, Total Savings Deposits);
12. any deposit or account that otherwise meets the
definition of a time deposit but that allows withdrawals within the first six days after the date of
deposit and that does not require an early withdrawal penalty of at least seven days’ simple
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interest on amounts withdrawn within those first
six days, unless the deposit or account meets the
definition of a savings deposit or share account.
Any such deposit or account that meets the
definition of a savings deposit or share account
shall be reported as a savings deposit. Otherwise,
the deposit or account shall be reported in this
item or in item A.1.a;
13. the remaining balance of a time deposit (including share certificates) from which a partial early
withdrawal has been made, unless the remaining
balance either (a) is subject to additional early
withdrawal penalties of at least seven days’
simple interest on amounts withdrawn within six
days after each partial withdrawal (in which case
the deposit or account continues to be reported as
a time deposit) or (b) is placed in an account that
meets the definition of a savings deposit or share
account (in which case the deposit or account
shall be reported as a savings deposit or share
account). Otherwise, the deposit or account shall
be reported in this item or in item A.1.a;
14. all matured time certificates of deposit (including
share certificates), even if interest is paid after
maturity, except matured time certificates of
deposit during the grace period after maturity, if
such a grace period exists. (See 12 CFR §
329.104.)
Excludes matured time certificates of deposit
(including share certificates) and proceeds from
time deposits (including share certificates) or time
deposit open accounts, wherein the deposit agreement specifically provides for the funds to be
transferred to an account type other than a demand
deposit;
15. due bills that remain uncollateralized by similar
securities for more than three business days and
that are issued by the reporting institution in
maturities of less than seven days to the entities
listed in 1.A through 1.H above; and
16. primary obligations (other than due bills as discussed immediately above) issued to non- exempt
entities, except
A. amounts of outstanding bankers’ acceptances
that are created by the reporting institution and
that are of the type that are ineligible for
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discount at Federal Reserve Banks (see section
1, subsection G.3, Primary Obligations). These
transactions are reported in item AA.1 or
BB.2;
B. certain obligations issued by the reporting
institution’s nondepository affiliates (see section 1, subsection G.3, Primary Obligations).
These transactions are reported in item AA.1
or BB.2.
Please note that all primary obligations issued to foreign
national governments, foreign official banking institutions, international institutions, and non-U.S. branches of
U.S. depository institutions and non-U.S. branches and
agencies and head offices of non-U.S. depository institutions are excluded from this item and should be included
in the calculation of item CC.1, Net Eurocurrency Liabilities.
Primary obligations having a maturity of less than seven
days issued to a non-U.S. parent bank’s holding company
if the holding company is not a depository institution, a
nonbanking subsidiary of such a holding company, a
nonbanking subsidiary of a non-U.S. parent depository
institution’s holding company if the holding company is
a depository institution, and a non-U.S. parent bank’s
nonbanking subsidiary must be included in this item and
excluded from the calculation of item CC.1, Net Eurocurrency Liabilities.
ATS Accounts, NOW Accounts/Share Drafts, and
Telephone and Preauthorized Transfers (Item A.2)
Report in item A.2 the sum of the balance of all ATS
accounts, share draft accounts, and telephone and preauthorized transfer accounts. These types of accounts continue to have different characteristics and regulatory
distinctions. The definition of each type of account is
provided separately below. Each type of account is
referenced separately as appropriate elsewhere in the
instructions.
Please also note that an account that otherwise meets the
definition of a savings deposit but that authorizes or
permits the depositor to exceed the withdrawal or transfer
limitations specified for savings deposits is a transaction
account. If the depositor is ineligible to hold a share draft
account, the account is considered a demand deposit and
shall be reported in item A.1.c, Other Demand Deposits.
If the depositor is eligible to hold a share draft account,
the account is considered either a share draft account, a
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telephone or preauthorized transfer account, or an ATS
account; all such accounts shall be reported in item A.2.
Include in item A.2
1. ATS accounts, which are deposits or accounts 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 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;
2. Share draft accounts, which represent deposits that
may pay dividends (1) that can be withdrawn upon
demand, or 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 or
other order such as a share draft. Share draft
accounts are authorized by federal law and are
limited to accounts in which the entire beneficial
interest is held by
A. one or more individuals or members;
B. governmental units, including the federal government and its agencies and instrumentalities;
state governments; county and municipal governments and their political subdivisions; the
District of Columbia; and the Commonwealth
of Puerto Rico, American Somoa, Guam, and
any territory or possession of the United States
and their political subdivisions; or
See section 205(f)(2) of the Federal Credit Union
Act (12 U.S.C. § 1785(f)(2)).
C. nonprofit organizations (under Federal Reserve
Board rules) operated primarily for the following purposes:
1. religious;
2. philanthropic;
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3. charitable;
4. educational;
5. political; or
6. other similar purposes.

Deductions from Transaction Accounts (Items B.1
and B.2)
Demand Balances Due from Depository Institutions
in the U.S. (Item B.1)

These include organizations, partnerships, corporations, or associations that are not organized for
profit and are described in section 501(c)(3)
through (13) and (19) and section 528 of the
Internal Revenue Code (26 U.S.C. (I.R.C. 1954) §
501(c)(3) through (13), (19) and § 527 through §
528), such as church organizations; professional
associations; trade associations; labor unions; fraternities, sororities, and other similar social organizations; and nonprofit recreational clubs;

Report in this item all balances that are due from U.S.
offices of banks or other depository institutions and that
are subject to immediate withdrawal by the reporting
institution. Exclude balances that are subject to deferred
availability or funds that have been swept into other
investments (for example, sweep accounts and other cash
management arrangements). Balances to be reported
must be the amount reflected on the reporting institution’s books rather than the amount on the books of the
other depository institution(s).

3. telephone and preauthorized transfer accounts,
which are deposits or accounts, other than savings
deposits (including share accounts),

Include in item B.1 all deposit balances of the reporting
institution subject to immediate withdrawal (excluding
primary obligations) and due from U.S. offices of the
following institutions:

A. in which the entire beneficial interest is held
by a party eligible to hold a share draft
account;

1. U.S. commercial banks and trust companies conducting a commercial banking business;

B. 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 under the terms of
which, or by practice of the reporting institution, the depositor is permitted or authorized to
make more than six withdrawals per month or
statement cycle (or similar period of at least
four weeks) for purposes of transferring funds
to another account of the depositor at the same
institution (including a transaction account) or
of making payment to a third party by means
of preauthorized transfer or a telephonic
(including data transmission) agreement, order,
or instruction; and

2. depository institutions that are defined in 12 CFR
§ 204.12l as bankers’ banks;

C. in which the balances of deposits or accounts
that otherwise meet the definition of time
deposits allow payments to be made to third
parties by means of debit card (including point
of sale (POS) debits), an ATM, RSU, or other
electronic device, regardless of the number of
payments made.

4. industrial banks;

3. banking Edge Act and agreement corporations.
For banking Edge Act and agreement corporations, report all demand balances due from depository institutions in the United States (including
affiliated U.S. depository institutions) and all
demand balances due from the domestic parent
bank (unless the reporting institution’s parent is a
banking Edge Act and agreement corporation).
Exclude from item B.1 all demand balances due
from the reporting institution’s non-U.S. parent
bank or offices of the same Edge Act and agreement corporation;

5. U.S. branches and agencies of foreign (non-U.S.)
banks (including U.S. branches and agencies of
foreign official banking institutions);
6. mutual and stock savings banks;

Total Transaction Accounts (Item A.3)

7. building or savings and loan associations, homestead associations, and cooperative banks; and

Report in this item the sum of items A.1.a, A.1.b, A.1.c,
and A.2.

8. credit unions (including corporate central credit
unions).

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In general, all deposit accounts having a negative balance
as of the close of business each day should be regarded as
having a zero balance. (See section 1, subsection D.9,
Overdrafts or Negative Balances.)
Also include in this item balances subject to immediate
withdrawal that are due from a correspondent institution
and that have not been passed through to the Federal
Reserve by the correspondent institution to satisfy reserve
requirements.
Reciprocal Balances: Reciprocal demand balances with
the institutions listed in 1 through 5 above may be
reported either on a net-by-institution basis or on a gross
basis. Those institutions reporting reciprocal demand
balances on a net basis should see the sample calculation
provided earlier in the instructions for report item A.1.a,
Demand Deposits Due to Depository Institutions. All
demand balances with the institutions listed in 6 through
8 above should be reported gross of balances ‘‘due to’’
those institutions.
Exclude from item B.1
1. all balances due from Federal Reserve Banks,
including
A. balances held directly with the Federal Reserve
Bank, including those in an excess balance
account;
B. reserve balances that were passed through to
the Federal Reserve Bank by a correspondent
institution to satisfy reserve requirements;
C. reserve balances of another institution for
which the reporting institution is serving under
a pass-through agreement (acting as a correspondent institution) and that were passed
through to the Federal Reserve Bank; and
D. balances of another depository institution held
in an excess balance account for which the
reporting institution is acting as agent;
2. demand deposit balances that are due from the
NCUA Central Liquidity Facility or a Federal
Home Loan Bank;
3. demand deposit balances due from other depository institutions that are pledged or encumbered
and are not available for immediate withdrawal;
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4. time and savings deposit balances (including share
certificates and share accounts) held at other
depository institutions;
5. cash items in process of collection (report in item
B.2);
6. federal funds sold to other depository institutions;
7. any deposit account due to a correspondent institution or other depository institution that is overdrawn, or amounts that, if charged against a
correspondent’s account by the respondent institution, would result in an overdraft in that account.
These are loans and are excluded from the FR
2900 report;
8. any deposit account due from a correspondent
institution or other depository institution that is
negative (that is, overdrawn). The amount of such
negative balances should be regarded as zero
when computing the deposit total;
9. balances that are due from
A. any non-U.S. office of any U.S. depository
institution;
B. any non-U.S. office of any non-U.S. bank;
C. trust companies that do not conduct a commercial banking business;
D. New York State investment companies (chartered under Article XII of the New York State
Banking Code); and
E. private banks;
10. payment errors (see section 1, subsection K,
Treatment of Payment Errors); and
11. a demand deposit account on which a corporate
central credit union requires written notice before
an intended withdrawal is made, regardless of
whether or not the corporate central credit union
actually exercises this right and regardless of how
the reporting institution uses the account.
Cash Items in Process of Collection (Item B.2)
Cash items in the process of collection consist primarily
of the reporting institution’s checks or drafts, deposited
by its customers (including other depository institutions),
that have been sent for collection through another entity
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for which settlement has not occurred and the funds are
not immediately available.
Funds for which the reporting institution is given immediate credit (that is, the funds are available for withdrawal
by close of business), even if settlement has not occurred,
should be excluded from this item. These funds may be
included in item B.1 if the availability and form meet the
criteria outlined in item B.1.
Include in item B.2
1. checks or drafts in process of collection that are
drawn on another depository institution, deposited
at the reporting institution, that are payable immediately upon presentation in the United States, that
have been posted to the general ledger, and for
which credit has already been given to the depositor’s account;
2. checks or share drafts on hand that will be presented for payment or forwarded for collection on
the following business day and that have been
posted to the general ledger. These include cash
items that were not forwarded the day of their
deposit for reasons such as inclement weather,
transportation difficulties, or natural disasters;
3. checks or drafts drawn on the Treasury of the
United States that are in process of collection;
4. other items in 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,
such as
A. matured bonds and coupons (including bonds
and coupons that have been called and are
payable on presentation). U.S. savings bonds
that are cashed by the customer before maturity are included as cash items in the process of
collection;
B. postal and other money orders and traveler’s
checks being forwarded for collection;
C. share drafts;

F. brokers’ security drafts and commodity or bill
of lading drafts (including arrival drafts) that
are payable immediately upon presentation in
the United States;
G. 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;
H. returned items drawn on other depository institutions;
I. unposted debits; and
J. food coupons and certificates.
Exclude from item B.2
1. items handled as noncash items,5 whether or not
cleared through Federal Reserve Banks;
2. items not payable in the United States;
3. items that have been settled when the reporting
institution has received immediately available
funds. These funds may be included in item B.1,
Demand Balances Due from Depository Institutions in the U.S., if they remain in a demand
deposit account at the close of business;
4. commodity or bill of lading drafts (including
arrival drafts) not yet payable (because the merchandise against which the draft was drawn has
not yet arrived), whether or not deposit credit has
been given;
5. payable-through drafts received by the reporting
institution, when the reporting institution is acting
in the capacity of a clearing agent for a nondepository institution, that have not been collected from
that nondepository institution which is the drawer
of the draft;
6. credit card or debit slips in process of collection,
whether or not deposit credit has been given;

D. bank drafts and Federal Reserve drafts;
E. payable-through drafts that have been received
by the reporting institution and that will be
forwarded to (deposited at) another depository
institution for collection;
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5. Regulation J of the federal regulations defines a ‘‘noncash item’’ as
an item that a receiving Reserve Bank classifies in its operating circulars as
requiring special handling. The term also means an item normally received
as a cash item if a Reserve Bank decides that special conditions require
that it handle the item as a noncash item.
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7. checks or drafts in the process of collection until
the check or draft is credited to a deposit or the
reporting institution’s general ledger;
8. payment errors (see section 1, subsection K, Treatment of Payment Errors); and
9. returned items drawn on the reporting institution.
Total Savings Deposits (Item C.1)
Report in item C.1 the balance of all savings deposits
(including share accounts), as defined below, both personal and nonpersonal, that are outstanding at the close of
business each day.

debit card, or similar order made by the depositor and
payable to third parties.
Please note that transfers from savings deposits (including share accounts) for purposes of covering overdrafts
(overdraft protection plans or bona fide cash management
agreements) are included under the transfer and withdrawal limits specified for savings deposits.
Please also note the following with respect to savings
deposits (including share accounts):
1. There are no regulatory restrictions on the following types of transfers or withdrawals from a
savings deposit (including share accounts):

A savings deposit (including share accounts) is a deposit
described in section 1, subsection G.1, or a primary
obligation described in section 1, subsection G.2, 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 the 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.6

A. transfers for the purpose of repaying loans
(other than loans associated with covering
overdrafts in a transaction account) and associated expenses at the same reporting institution (as originator or servicer);

The term ‘‘savings deposit’’ (including share accounts)
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; a telephonic (including data transmission) agreement, order, or instruction; or by check, draft,

C. withdrawals for payment directly to the depositor when made by mail, messenger, ATM, in
person, or by telephone (via check mailed to
the depositor).

6. When the reporting institution exercises its right to require written
notice of an intended withdrawal in connection with a savings deposit or
share account, the deposit continues to be a savings deposit and should not
be reclassified as a time deposit. Where written notice actually is required
by the reporting institution and such notice is received from a depositor,
the savings deposit becomes a demand deposit after expiration of the
notice period and should be reported in item A.1.a, A.1.b, or A.1.c, as
appropriate.
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B. transfers of funds to another account of the
same depositor at the same reporting institution when made by mail, messenger, ATM, or
in person; and

2. No minimum maturity is required by regulation,
but reporting institutions must reserve the right to
require at least seven days’ written notice prior to
withdrawal as stipulated above for a savings
deposit (including share accounts).
3. No minimum balance is required by regulation.
4. There is no regulatory limitation on the amount of
interest or dividends that may be paid on a savings
deposit (including share accounts).
Any depository institution may place restrictions and
requirements on savings deposits (including share
accounts) 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.
However, 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, as follows:
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Credit Unions

1. If the depositor is ineligible to hold a share draft
account, such an account is considered a demand
deposit and shall be reported in item A.1.a or item
A.1.c.
2. If the depositor is eligible to hold a share draft
account, the account will be considered either a
share draft account, a telephone or preauthorized
transfer, or an ATS account. For purposes of the
FR 2900 report, all such accounts shall be reported
in item A.2.
Multiple savings accounts where the reporting institution
suggests, or otherwise promotes, multiple accounts to
permit transfers in excess of the limits applicable to
individual savings accounts also are transaction accounts
and reported as above.
Include in item C.1
1. accounts commonly known as passbook savings
accounts, statement savings accounts, and MMDAs
that meet the above definition of savings deposits;
2. interest-bearing and non-interest-bearing savings
deposits or share accounts;
3. savings deposits or share accounts maintained as
compensating balances or pledged as collateral for
loans. For purposes of the FR 2900 report, such
savings deposits are not defined as hypothecated
deposits;
4. escrow deposits where the reporting institution
reserves the right to require at least seven days’
written notice before payment can be made and
that otherwise meet the criteria contained in the
definition of a savings deposit (see section 1,
subsection J, Treatment of Escrow Funds);
5. interest or dividends paid and credited to savings
deposits (including share accounts);
6. savings deposits or share accounts in the form of
individual retirement accounts (IRAs) or Keogh
Plan accounts;
7. club accounts, such as Christmas club, vacation
club, or other similar club accounts, that meet the
criteria for savings deposits or share accounts;
8. any funds received by the reporting institution’s
affiliate and later channeled to the reporting institution by the affiliate in the form of savings
deposits or share accounts;
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9. any deposit or account (a) that otherwise meets the
definition of a time deposit but that allows withdrawals within the first six days after the date of
deposit and (b) that does not require an early
withdrawal penalty of at least seven days’ simple
interest on amounts withdrawn within those first
six days but that is subject to the minimum notice
requirement and withdrawal limitations of a savings deposit (including share accounts). To meet
these criteria, the reporting institution must
expressly reserve the right to require at least seven
days’ written notice before an intended withdrawal, and the account must be subject to the
limits on the number and types of transfers specified for savings deposits (including share accounts)
as defined above. Otherwise, such a deposit or
account must be reported in item A.1.a or item
A.1.c;
10. the remaining balance of a time deposit (including
share certificates) from which a partial early withdrawal has been 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 but that is subject to the minimum notice requirement and withdrawal limitations of a savings deposit (including share
accounts). To meet these criteria, the reporting
institution must expressly reserve the right to
require at least seven days’ written notice before
an intended withdrawal, and the account must be
subject to the limits on the number and types of
transfers specified for savings deposits (including
share accounts) as defined above. Otherwise, such
a remaining balance must be reported in item
A.1.a or item A.1.c;
11. brokered deposits that meet the criteria of savings
deposits (including share accounts); and
12. the reporting institution’s liability on primary obligations described in section 1, subsections G.2.a,
b, d, e, f, and g, that are issued in original
maturities of seven days or more to non-exempt
entities that meet the criteria of savings deposits
(including share accounts).
Exclude from item C.1
1. all accounts defined as transaction accounts, including
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A. demand deposits (report in item A.1.a, A.1.b,
or A.1.c, as appropriate);

within the definition of a savings deposit, a reporting
institution must either

B. telephone or preauthorized transfer accounts
that meet the definition of a transaction account
(report in item A.2);

1. prevent withdrawals or transfers of funds in this
account that are in excess of the limits established
for savings deposits; or

C. POW (payment order of withdrawal) accounts
(report in item A.1.c); and

2. adopt procedures to monitor those transfers on an
ex post basis and contact customers who exceed
the limits established for the particular account on
more than an occasional basis.

D. share draft accounts and ATS accounts (report
in item A.2);
2. any accounts that are savings deposits or share
accounts in form but that the Federal Reserve
Board has determined, by rule or order, to be
transaction accounts. These accounts should be
reported in the appropriate item of section A,
Transaction Accounts;

In applying the limits to withdrawals and transfers per
calendar month or statement cycle (or similar period) of
at least four weeks, the reporting institution at its option
may use, on a consistent basis, either the date on the
check, draft, or similar item or the date the item is paid.

3. special passbook or statement accounts, such as
‘‘ninety-day notice accounts,’’ ‘‘golden passbook
accounts,’’ or deposits labeled as ‘‘savings certificates,’’ that have a specified original maturity of
seven days or more (report in item D.1);

For customers who continue to violate those limits after
being contacted by the reporting institution, the reporting
institution must either close the account and place the
funds in another account that the depositor is eligible to
maintain or take away the account’s transfer and draft
capabilities.

4. interest accrued on savings deposits or share
accounts but not yet paid or credited to a deposit
account;
5. hypothecated deposits. For purposes of the FR
2900 report, hypothecated deposits do not include
deposits serving simply as collateral for loans;

An account that authorizes withdrawals or transfers in
excess of the permitted number is a transaction account,
regardless of whether the authorized number of transactions is actually made, and should be classified as follows:

6. funds deposited to the credit of the reporting
institution’s own trust department where the funds
involved are utilized to cover checks or drafts.
Such funds are reported in item A.1.c, Other
Demand Deposits;
7. amounts of outstanding bankers’ acceptances that
are created by the reporting institution and that are
of the type that are ineligible for discount at
Federal Reserve Banks. These transactions are
reported in item AA.1 or item BB.2; and
8. certain obligations issued by the reporting institution’s nonconsolidated affiliates. These transactions are reported in item AA.1 or item BB.2. (See
section 1, subsection G.3, Primary Obligations.)
Procedures for Ensuring That the Permissible
Number of Transfers from Savings Deposits Is Not
Exceeded
To ensure that no more than the permitted number of
withdrawals or transfers is made for an account to come
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1. If the depositor is ineligible to hold a share draft
account, such an account is considered a demand
deposit and shall be reported in item A.1.a or item
A.1.c.
2. If the depositor is eligible to hold a share draft
account, the account will be considered either a
share draft account, a telephone or preauthorized
transfer, or an ATS account. For purposes of the
FR 2900 report, all such accounts shall be reported
in item A.2.
Multiple savings accounts (including share accounts)
where the reporting institution suggests, or otherwise
promotes, multiple accounts to permit transfers in excess
of the limits applicable to individual savings accounts
also are transaction accounts and reported as above.
Total Time Deposits (Item D.1)
Include in item D.1 the balance of all time deposits
(including share certificates) in the form of both deposits
and primary obligations that are outstanding at the close
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of business each day. Item D.1 covers both personal and
nonpersonal time deposits.

3. time deposit open accounts or share certificate
accounts evidenced by written contracts;

Time deposits include deposits (including share certificates and certificates of indebtedness) described in section 1, subsection G.1, and primary obligations described
in section 1, subsection G.2, from which the depositor
does not have a right and is not permitted to make
withdrawals 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 (including share certificates) 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 early withdrawal penalties are not
imposed, the account ceases to be a time deposit. The
account may become a savings deposit or share account
if it meets the requirements for a savings deposit; otherwise, it becomes a demand deposit.

4. club accounts, such as Christmas club, vacation
club, or other similar club accounts that are not
maintained as savings deposits (including share
accounts), that are deposited under written contracts providing that no withdrawal shall be made
until a certain number of periodic deposits have
been made during a period of not less than three
months even though some of the deposits may be
made within six days from the end of the period;

Reporting of Deposits Issued on a Discount Basis
Time deposits (including share certificates and certificates of indebtedness) issued on a discount basis should
be reported initially on the basis of the amount of funds
actually received by the reporting institution. For example, if the reporting institution received $96,000 in
exchange for a certificate of deposit issued at face value
of $100,000, only the $96,000 received at the time of
issuance should be reported initially as a time deposit.
However, as the institution’s obligation to the depositor
increases over the life of the deposit, representing interest
earned on the deposit, the incremental amounts as credited to the certificate also should be reported as time
deposits.
Include in item D.1
1. 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;
2. time certificates of deposit (including roll-over
certificates of deposit) or share certificate accounts,
whether evidenced by negotiable or nonnegotiable
instruments;
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5. savings certificates, notice accounts, and passbook
accounts (but not savings deposits or share
accounts);
6. funds received or held in escrow accounts that
meet the above criteria for a time deposit, including a share certificate (also see section 1, subsection J, Treatment of Escrow Funds);
7. interest-bearing and non-interest-bearing time
deposits (including share certificates);
8. individual retirement account (IRA) funds or
Keogh Plan accounts held in the form of time
deposits or share certificate accounts;
9. time deposits (including share certificates) 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);
10. time deposits or share certificate accounts maintained as compensating balances or pledged as
collateral for loans;
11. all interest or dividends paid by crediting time
deposit or share certificate accounts;
12. certificates of indebtedness;
13. the reporting institution’s liability on primary obligations described in section 1, subsections G.2.a,
b, d, e, f, and g, that are issued in original
maturities of seven days or more to non-exempt
entities;
14. due bills described in section 1, subsection G.2.i,
that are issued to any U.S. or non-U.S. entity in
original maturities of seven days or more;
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15. any funds received by the reporting institution’s
affiliate and later channeled to the reporting institution by the affiliate in the form of a time deposit
(including share certificates);
16. brokered deposits that meet the criteria of time
deposits (including share certificates);
17. all matured time certificates of deposits during the
10 day grace period following maturity, if such a
grace period exists (see 12 CFR § 329.104); and
18. deposit notes and bank notes.
Exclude from item D.1 the following categories of
liabilities even if they have an original maturity of seven
days or more:
1. any deposit or account that otherwise meets the
definition of a time deposit, but allows withdrawals within the first six days after the date of 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 shall be reported in item C.1,
Total Savings Deposits; otherwise, they shall be
reported as demand deposits in item A.1.a or item
A.1.c;
2. the remaining balance of a time deposit (including
share certificates) from which a partial early withdrawal has been 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 time deposits that meet
the definition of a savings deposit shall be reported
in item C.1, Total Savings Deposits; otherwise,
they shall be reported as demand deposits in item
A.1.a or item A.1.c;
3. time deposit or share certificate accounts maintained in connection with an arrangement that
permits the depositor to obtain credit directly or
indirectly through the drawing of a negotiable or
nonnegotiable check, draft, order or instruction, or
other similar device (including telephone or electronic order or instruction) on the issuing institution that can be used for the purpose of making
payments or transfers to third parties or a deposit
account of the depositor. Such time deposits that
meet the definition of a savings deposit shall be
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reported in item C.1, Total Savings Deposits;
otherwise, they shall be reported as demand deposits in item A.1.a or item A.1.c;
4. any accounts that are time deposits (including
share certificates) in form but that the Federal
Reserve Board has determined, by rule or order, to
be transaction accounts (report in items A.1 through
A.3, as appropriate);
5. all matured time certificates of deposit, after the
grace period following the maturity, if such a
grace period exists;
6. interest or dividends accrued on time deposits
(including share certificates) but not yet paid or
credited to a deposit account;
7. share draft accounts and ATS accounts (report in
item A.2);
8. telephone or preauthorized transfer accounts that
meet the definition of a transaction account (report
in item A.2);
9. savings deposits or share draft accounts (report in
item C.1);
10. deposits for which the reporting institution merely
reserves the right to require at least seven days’
written notice of an intended withdrawal;
11. hypothecated deposits. Please note that for purposes of the FR 2900 report, hypothecated deposits do not include deposits serving simply as
collateral for loans;
12. funds received and credited to dealer reserve or
dealer differential accounts that the reporting institution is not obligated to make available to either
the dealer or the dealer’s creditors;
13. funds obtained from state and local housing
authorities under loan-to-lender programs involving the issuance of tax-exempt bonds and the
subsequent lending of the proceeds to the reporting institution for housing finance purposes;
14. repurchase agreements involving obligations of,
or obligations fully guaranteed as to principal and
interest by, the U.S. government or a federal
agency, or the shares of a money market mutual
fund whose portfolio consists wholly of obligations of, or obligations fully guaranteed as to
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principal and interest by, the U.S. government or a
federal agency;
15. borrowings from the NCUA Central Liquidity
Facility or the National Credit Union Share Insurance Fund, or shares held by the NCUA under a
statutorily authorized assistance program;
16. borrowings from a Federal Reserve Bank or a
Federal Home Loan Bank;
17. due bills issued to any entity that are collateralized
within three business days by securities similar to
the securities purchased (see section 1, subsection
G.2.i, Primary Obligations);
18. any primary obligation, except for due bills, issued
or undertaken to obtain funds, regardless of the
use of the proceeds, when transacted with the U.S.
offices of exempt entities;
19. subordinated notes and debentures;
20. certain obligations issued by the reporting institution’s nondepository affiliates (see section 1, subsection G.3, Primary Obligations). These transactions are reported in item BB.2 if nonpersonal; and
21. amounts of outstanding bankers’ acceptances that
are created by the reporting institution and that are
of the type that are ineligible for discount at
Federal Reserve Banks (see section 1, subsection
G.3, Primary Obligations). These transactions are
reported in items AA.1 and BB.2.
Vault Cash (Item E.1)
Include in item E.1
1. U.S. currency and coin owned by the reporting
institution (booked as an asset) and held at a
physical location (including the reporting institution’s proprietary ATMs) of the reporting institution that may, at any time, be used to satisfy
depositors’ claims;
2. U.S. currency and coin in transit to a Federal
Reserve Bank for which the reporting institution
has not yet received credit, and in transit from a
Federal Reserve Bank when the reporting institution has already been charged;
3. U.S. currency and coin in transit to a correspondent institution if the reporting institution’s account
at the correspondent institution has not yet been
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credited, and in transit from a correspondent institution if the reporting institution’s account at the
correspondent institution has already been charged;
4. U.S. currency and coin held at an alternate physical location (including the reporting institution’s
nonproprietary ATMs) provided that all of the
following conditions are satisfied:
A. The reporting institution at all times retains
full rights of ownership in and to the currency
and coin held at the alternate physical location.
B. The reporting institution at all times books the
currency and coin held at the alternate physical
location as an asset.
C. No other depository institution claims the currency and coin held at the alternate physical
location as vault cash that can be used to
satisfy its reserve requirements.
D. The currency and coin held at the alternate
physical location is reasonably nearby a location of the reporting institution at which its
depositors may make cash withdrawals. An
alternate physical location is considered ‘‘reasonably nearby’’ if the reporting institution
can recall the currency and coin by 10:00 a.m.
and, relying solely on ground transportation,
receive the currency and coin no later than
4:00 p.m. on the same calendar day.
E. The reporting institution has in place a written
cash delivery plan, including written contractual arrangements necessary to implement that
plan, that demonstrates that the currency and
coin can be recalled and received at any time in
accordance with the requirements specified in
the preceding sub-bullet D. The reporting institution shall provide copies of the written cash
delivery plan and written contractual arrangements to its local Federal Reserve Bank upon
request.
Exclude from item E.1
1. foreign (non-U.S.) currency and coin;
2. silver and gold coin and other currency and coin
whose numismatic or bullion value is in excess of
face value;
3. U.S. currency and coin that the reporting institution does not have full and unrestricted right to
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use, such as coin collections held for safekeeping
for customers, currency and coin pledged as collateral by the reporting institution or by customers,
or currency and coin sold under a repurchase
agreement or purchased under a resale agreement;
4. currency and coin held under the custodial inventory program with the Federal Reserve for which
the reporting institution has received credit;
5. cash shipped by the reporting institution to a
Federal Reserve Bank or correspondent institution
for which credit has been given to the reporting
institution; and
6. checks, drafts, and cash items in process of collection.
Memorandum Section
All Time Deposits with Balances of $100,000 or
More (Included in Item D.1) (Item F.1)
Report in this item the balance of all time deposits
(including share certificates) of $100,000 or more that are
included in item D.1, 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. Item F.1 covers both personal and nonpersonal
time deposits.
Include in item F.1
1. negotiable and nonnegotiable, and transferable
and nontransferable, certificates of deposit or share
certificates issued in denominations of $100,000
or more;
2. time deposit open accounts (including share certificates) and other time deposits having balances
of $100,000 or more;
3. time deposits or share certificates (including certificates of indebtedness) that were originally
issued in denominations of less than $100,000 but
that, because of interest or dividends paid or
credited, or because of additional deposits, now
have a balance of $100,000 or more;
4. primary obligations, which meet the definition of
time deposits, with balances of $100,000 or more;
and
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5. foreign (non-U.S.) currency-denominated deposits
that were originally issued for amounts of $100,000
or more but that, because of their having been
converted to U.S. dollars, now have a balance of
less than $100,000 on the report date.
If the reporting institution receives brokered deposits in
the form of time deposits (including share certificates),
only that portion of the deposit in amounts of $100,000 or
more that is credited to a single depositor should be
included in this item. 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
excluded from this item. 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 included in this item.
If the 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 (including share certificates) should
be excluded from this item. However, in such cases, the
reporting institution should use all available information
to determine whether there is good reason to believe that
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 likely be greater than $100,000, and the
brokered deposit should be included in this item.
Exclude from item F.1
1. time deposits or share certificates with balances of
less than $100,000;
2. transaction accounts;
3. savings deposits or share accounts; and
4. any accounts that are time deposits or share certificates in form but that the Federal Reserve Board
has determined, by rule or order, to be transaction
accounts.

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Schedule AA and Schedule BB - Other Reservable
Obligations by Remaining Maturity
Items AA.1 and BB.2 break down, by remaining maturity, the amounts outstanding (1) of ineligible acceptances (finance bills)7 and (2) of funds obtained through
the issuance of obligations by nonconsolidated affiliates.
Please note that items AA.1 and BB.2 are applicable only
to those reporting institutions that have such obligations.
If the reporting institution does not have such obligations, the reporting institution need only check the boxes
that precede schedule AA and item BB.2 on the reporting
form.
Ineligible Acceptances and Obligations Issued by
Affiliates (Items AA.1 and BB.2)
Report the following transactions in items AA.1 and
BB.2:
1. Amounts of ineligible acceptances (including
finance bills): Report the dollar amounts of ineligible acceptances (those that are not eligible for
discount by Federal Reserve Banks—see paragraph 7 of section 13 of the Federal Reserve Act
[12 U.S.C. section 372]). Some ineligible acceptances are referred to as finance bills or ‘‘Working
Capital Acceptances.’’ For ineligible acceptances,
report only those outstanding ineligible acceptances that resulted in funds being obtained by the
reporting institution (or its majority-owned subsidiary) through the creation, discount, and subsequent sale of the acceptance by the reporting
institution (or its majority-owned subsidiary),
except those sold to and held by exempt entities.
The amounts to be reported are the amounts of
funds received and not necessarily the face amounts
of the ineligible acceptances created. For ineligible acceptances, report the amounts outstanding
of all ineligible acceptances, except those sold to
and held by exempt entities. For outstanding ineligible acceptances that resulted in funds being
obtained by the reporting institution (or its
majority-owned subsidiaries), except those sold to
and held by exempt entities, report the dollar
7. Include in items AA.1 and BB.2 all ineligible acceptances created by
the reporting institution but not currently held in the reporting institution’s
own portfolio. Exclude all ineligible acceptances (1) created by the reporting institution and sold to an exempt entity and (2) created by and held in
the reporting institution’s own portfolio.

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amounts of funds received. For all other ineligible
acceptances (those that did not result in funds
being obtained by the reporting institution or its
majority-owned subsidiaries), report the face
amounts of the ineligible acceptances created.
2. Amounts of funds obtained through obligations
issued by nonconsolidated affiliates: Report the
dollar amounts of the funds obtained by the reporting institution (or its majority-owned subsidiaries)
when its nonconsolidated affiliates use the proceeds of the obligations that they issue to supply
or maintain the availability of funds to the reporting institution. Such obligations may be in the
form of promissory notes (including commercial
paper), acknowledgments of advance, due bills, or
similar obligations (written or oral). However,
such obligations should be reported only to the
extent that they would have constituted ‘‘deposits’’ as described in section 1, subsection G.1, or
primary obligations as described in section 1,
subsection G.2, had they been issued directly by
the reporting institution.
Due bills issued by the reporting institution’s affiliates
are reservable deposits, without regard to the purpose of
the due bills or the party to whom they were issued,
unless collateralized within three business days from the
date of issuance by a security similar to the security
purchased from the customer of the reporting institution’s affiliates. The dollar amounts of due bills that are
not so collateralized are to be reported by original
maturity and beneficial holder in the appropriate line item
or schedule.
Exclude from items AA.1 and BB.2 funds obtained by
the reporting institution through obligations issued by
affiliates and deposited at the reporting institution in the
form of transaction accounts, savings deposits (including
share accounts) or time deposits. Such funds should be
reported on the FR 2900 as transaction accounts, savings
deposits, or time deposits (including share accounts and
share certificates), as appropriate.
Determining Maturities
For ineligible acceptances that were created, discounted,
and sold by the reporting institution (or its majorityowned subsidiary), the maturities to be reported in items
AA.1 and BB.2 are the remaining maturities of the
obligations at the time the proceeds are supplied to the
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reporting institution. For acceptances that were not discounted and sold by the reporting institution (or its
majority-owned subsidiaries), the maturity to be reported
is the original term of the instrument. Balances should be
classified based on the maturity category initially reported
and not the remaining maturity on the report date.
If the affiliate’s obligation is determined to be a deposit
or primary obligation and reportable in item AA.1 or item
BB.2, then the appropriate maturity category is determined by the shorter of (1) the maturity of the affiliate’s
obligation or (2) the maturity of the obligation issued by

the reporting institution to the affiliate or, in the case of
assets purchased from the reporting institution, the
remaining maturity of the assets purchased.
Classifying an Affiliate’s Obligation
The following chart summarizes the conditions under
which the proceeds from the issuance of an obligation by
an affiliate would be a deposit or a primary obligation and
indicates the appropriate section of the FR 2900 in which
the funds should be reported:

Affiliate’s obligation

Funds received by the reporting institution in the form of a deposit or a
primary obligation

Funds received by the reporting institution not in the form of a deposit or
a primary obligation

1. Affiliate’s obligation would have
been a deposit or a primary obligation
if issued by the reporting institution.

To be reported on FR 2900 as a transaction account, savings deposit, or
time deposit, as appropriate.

To be reported on FR 2900 item
AA.1 or item BB.2.

(See example 2 below.)

(See example 1 below.)
2. Affiliate’s obligation would not
have been a deposit or a primary obligation if issued by the reporting institution.

To be reported on FR 2900 as a transaction account, savings deposit, or
time deposit, as appropriate.

(See example 3 on the following
page.)

Example 1:
The nondepository affiliate issues commercial paper with
a maturity of six months to a nonfinancial corporation
and immediately supplies the proceeds to the reporting
institution by buying from the reporting institution a time
certificate of deposit (CD) with an original maturity of
one year. Although both the nondepository affiliate’s and
the reporting institution’s obligations are reservable
liabilities, reserve requirements are not imposed on both
obligations. In this case, reserve requirements would be
imposed on the amount of funds supplied to the reporting
institution (that is, the dollar amount of the CD). Maturity
is determined by the shorter of the maturity of the
nondepository affiliate’s commercial paper or the maturity of the reporting institution’s CD. In this example, the
reservable obligation would be a nonpersonal time
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To be excluded from both the body
and schedule AA of the FR 2900.

(See example 4 on the following
page.)

deposit with a six month maturity.8 The funds received
by the reporting institution would be reported in the body
of the FR 2900 in item D.1, Total Time Deposits, and in
item BB.1, Total Nonpersonal Savings and Time Deposits. If the CD has a balance of $100,000 or more, it also is
included in item F.1, All Time Deposits with Balances of
$100,000 or More.
Example 2:
The nondepository affiliate issues an unsecured due bill
to a non-exempt entity with a maturity of three months
and supplies the proceeds to the reporting institution
when the due bill has a remaining maturity of two
months. The nondepository affiliate supplies the proceeds
of the due bill to the reporting institution by purchasing
8. Nonpersonal time deposits, regardless of maturity, are reservable
liabilities that currently carry a 0 percent reserve requirement.

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from the reporting institution assets maturing in one
month. The nondepository affiliate’s obligation is reservable, but the sale of the assets by the reporting institution
to the nondepository affiliate is not. The reporting institution must hold reserves on the transaction because the
nondepository affiliate’s obligation is subject to reserve
requirements. The maturity category is determined by the
remaining maturity of the assets sold by the reporting
institution to the nondepository affiliate (one month),
which is shorter than the remaining maturity of the due
bill (two months). In this example, the reserve requirement would be on the nondepository affiliate’s due bill (a
primary obligation), and the appropriate maturity would
be one month, which is the remaining maturity of the
assets purchased. The funds received by the reporting
institution should be reported in item BB.2, Ineligible
Acceptances and Obligations Issued by Affiliates Maturing in Seven Days or More (Nonpersonal Only).

Report in item AA.1 the amounts of funds obtained
through the issuance of obligations by affiliates and of
funds obtained through the use of ineligible acceptances
(except those sold to and held by exempt entities) both of
which mature in less than seven days. Exclude from this
item all ineligible acceptances of the reporting institution
sold to, and known to be held by, a non-U.S. office of
another depository institution or of an Edge Act and
agreement corporation; such ineligible acceptances should
be included in item BB.2.

Example 3:

Total Nonpersonal Savings and Time Deposits (Item
BB.1)

The nondepository affiliate sells commercial paper with a
maturity of three months to a commercial bank and
supplies the proceeds to the reporting institution by
depositing such funds in the reporting institution in a
demand deposit account. The nondepository affiliate’s
sale of commercial paper to a commercial bank is not
subject to reserve requirements, but the demand deposit
account is. Thus, the reporting institution would hold
reserves on the demand deposit account as a transaction
account. The funds received by the reporting institution
should be reported in item A.1.c, Other Demand Deposits.
Example 4:
The nondepository affiliate sells U.S. government securities under an agreement to repurchase and uses the
proceeds to purchase assets from the reporting institution. Neither the sale of the U.S. government securities
under an agreement to repurchase nor the purchase of
assets is subject to reserve requirements. Thus, the
reporting institution would not hold reserves against this
transaction. The funds received by the reporting institution should be excluded entirely from the FR 2900.

Schedule BB - Nonpersonal Items
These items are to be reported only one day each year.
For weekly FR 2900 reporters, report the balance as of
the close of business on June 30. For quarterly FR 2900
reporters, report the balance as of the close of business on
the Monday of the June reporting week.

Report in item BB.1 the total of all nonpersonal savings
(including share accounts) and time deposits (including
share certificates), regardless of denomination or maturity, that also are included in items C.1, Total Savings
Deposits, and D.1, Total Time Deposits.
Include in item BB.1
1. savings and time deposits (including share accounts
and share certificates) that represent funds deposited to the credit of, or in which any beneficial
interest is held by, a depositor that is not a natural
person, other than a deposit to the credit of a
trustee or other fiduciary if the entire beneficial
interest in the deposit is held by a natural person or
persons; and
2. savings and time deposits (including share accounts
and share certificates) that are transferable, whether
or not the entire beneficial interest is held by
natural persons. A deposit is transferable unless it
includes on the face of a document evidencing the
account a statement that the deposit is not transferable or that it is transferable on the books of, or
with the permission of, the reporting institution.

Schedule AA

Exclude from item BB.1

Ineligible Acceptances and Obligations Issued by
Affiliates Maturing in Less Than Seven Days (Item
AA.1)

All personal savings and personal time deposits (including share accounts and share certificates) that are not
transferable and that represent funds in which the entire

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beneficial interest is held by a depositor who is a natural
person. Examples are as follows:
1. individual retirement accounts (IRAs), 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 l978 (Public Law No. 95 600; 92 Stat.
2763) in the form of savings or time deposits
(including share accounts and share certificates).
A nontransferable deposit that is an asset of a
pension fund normally would be regarded as a
personal deposit, as the entire beneficial interest in
such funds normally is held by natural persons;
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; and
4. club accounts, in the form of a savings or a time
deposit (including share accounts and share certificates) and held by natural persons, such as Christmas club, vacation club, and similar club accounts.
If a broker provides a secondary market in these deposits,
as is usually the case, such deposits are transferable even
if they are transferable only on the books and records of
the broker and not on the books and records of the
reporting institution itself. Transferable brokered deposits in the form of savings or time deposits (including
share accounts and share certificates) are regarded as
nonpersonal savings or nonpersonal time deposits unless
they are (1) deposited to the credit of, and the entire
beneficial interest is held by, natural persons and (2)
subject to an agreement between the broker and the
reporting institution that includes all of the following
essential terms:

submitted on the close of business every Monday
or on the opening of business Tuesday for the oneweek period beginning on the previous Tuesday
and ending on Monday; (2) include daily data on
the actual amount of personal time deposits (including share certificates) and the actual amount of
nonpersonal time deposits; and (3) include daily
data on the amount of deposits in which the
beneficial interest of any one depositor in principal plus interest exceeds $100,000. (For this purpose, separate deposits or accounts are not aggregated even if held by the same customer.)
3. The reporting institution has access to records
concerning the deposits brokered for it, and those
records should either be delivered to the offices of
the reporting institution or, where appropriate, its
federal or state regulator, or access to the records
must be provided to the reporting institution and
its supervisory authority on the broker’s premises.
4. The broker will commit to provide the reporting
institution with any other data about the brokered
deposits that may be needed in the future by the
institution’s state or federal regulator.
Ineligible Acceptances and Obligations Issued by
Affiliates Maturing in Seven Days or More
(Nonpersonal Only) (Item BB.2)
For information on ineligible acceptances and obligations
issued by affiliates, see schedule AA and schedule BB,
Other Reservable Obligations by Remaining Maturity.

1. The broker will maintain records of the names of
the beneficial owners of all brokered deposits, and
such records will be made available to any agency
regulating the reporting institution.

Report in item BB.2 the amounts of funds obtained
through the issuance of obligations by affiliates and of
funds obtained through the use of ineligible acceptances
(except those sold to and held by exempt entities), both of
which mature in seven days or more. Also include all
ineligible acceptances of the reporting institution known
to be held by a non-U.S. office of another depository
institution or of an Edge Act and agreement corporation.
Report in item BB.2 only nonpersonal obligations,
including

2. The broker will determine the amount of deposits
beneficially owned by natural persons and by
entities other than natural persons and will provide
a written report to the reporting institution with
that information. That written report must (1) be

1. funds in which any beneficial interest is held by a
depositor who is not a natural person, other than a
deposit to the credit of a trustee or other fiduciary
if the entire beneficial interest in the deposit is
held by a natural person;

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2. an obligation that is transferable, except an obligation issued to and held by a natural person; and
3. an obligation that is issued to and held by a natural
person that does not contain on its face a statement
that it is not transferable.
Exclude from item BB.2 all personal obligations.
Schedule CC - Net Eurocurrency Liabilities
Net Eurocurrency Liabilities (Item CC.1)
Item CC.1 is reported only one day each year. For weekly
FR 2900 reporters, report the balance as of the close of
business on June 30. For quarterly FR 2900 reporters,
report the balance as of the close of business on the
Monday of the June reporting week.

of Columbia or that do not have an international banking
facility (IBF) or outstanding borrowings from non-U.S.
offices of other depository institutions or from certain
other designated non-U.S. entities need only check the
box that precedes schedule CC on the reporting form.
Schedule CC must be reported by the following:
1. all banking Edge Act and agreement corporations
with foreign (non-U.S.) branches with an IBF, or
with outstanding borrowings from other non-U.S.
institutions; and
2. all other depository institutions that have foreign
(non-U.S.) branches, an IBF, or outstanding borrowings from other non-U.S. institutions.

Who Must Report
Reporting institutions that do not maintain branches
outside the 50 states of the United States and the District

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A worksheet and worksheet instructions for the preparation of item CC.1 on the following page.

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Worksheet for Preparation of Item CC.1, Net Eurocurrency Liabilities for All Depository Institutions Other Than
U.S. Branches and Agencies of Foreign (Non-U.S.) Banks
This worksheet is provided to assist the reporting institution in calculating item CC.1, Net Eurocurrency Liabilities, to be
reported on the FR 2900. This worksheet should not be submitted to the Federal Reserve Bank.
Please refer to the FR 2900 instructions for descriptions of the items below.
Item List

June Report Date
Bil

Mil

Example
Thou

Bil

Mil

Thou

Item 1:
Gross Borrowings from
Non-U.S. Offices of Other
Depository Institutions and
from Certain Designated
Non-U.S. Entities

4

000

Item 2:
Gross Liabilities to Own
Non-U.S. Branches plus
Net Liabilities to Own
IBF9

2

000

Item 3:
Gross Claims on Own
Non-U.S. Branches plus
Net Claims on Own
IBF9

8

000

Item 4:
Assets Held by Own IBF
and Own Non-U.S.
Branches Acquired from
U.S. Offices

3

000

Item 5:
Credit Extended by Own
Non-U.S. Branches to
U.S. Residents

1

000

9. Include only a single net position in worksheet item 2 or 3 that represents the reporting institution’s net due from/due to position with the reporting
institution’s own international banking facility (IBF). Refer to the detailed FR 2900 instructions to determine this amount. Under no circumstances should an
amount be included in both worksheet items 2 and 3 that represents the reporting institution’s net position with its own IBF.
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Calculate the reporting institution’s net eurocurrency liabilities using the formula below and enter the result in item CC.1
on the FR 2900. Step-by-step instructions for using the formula are given below.
Net Eurocurrency Liabilities = [(Item 2 + Item 4 + Item 5) – Item 3]† + Item 1
†If the result of the calculation enclosed within the brackets is negative,
that result is set to zero before proceeding with the rest of the equation.
In the example above, item CC.1 = 4,000, as shown below:
$4,000 = [(2,000 + 3,000 + 1,000) – 8,000] + 4,000
Step-by-Step Instructions for Calculating Item CC.1, Net Eurocurrency Liabilities, Given the Five Items Listed
on the Previous Page

Row

Bil

Mil

Thou

A. Enter amount in worksheet item 2
B. Enter amount in worksheet item 4
C. Enter amount in worksheet item 5
D. Enter result of:
Row A + Row B + Row C
E. Enter amount in worksheet item 3
F. Enter result of:
Row D - Row E (enter 0 if negative)
G. Enter amount in worksheet item 1
H. Enter result of: Row F + Row G
Report this item on the FR 2900 reporting form
(item CC.1, Net Eurocurrency Liabilities, rounded
to the nearest thousand dollars).

Gross Borrowings from Non-U.S. Offices of Other
Depository Institutions and from Certain
Designated Non-U.S. Entities (Worksheet Item 1)

2. a banking subsidiary of a non-U.S. holding
company regardless of whether the holding
company is a bank;

Enter in this item all outstanding borrowings by the
reporting institution that were obtained from

3. a non-U.S. bank’s non-U.S. banking subsidiary; and

A. non-U.S. banking offices of other U.S. and
non-U.S. depository institutions,10 including
1. a non-U.S. holding company if the holding
company is a bank;
10. Reporting institutions that are subsidiaries of non-U.S. depository
institutions should report on a gross basis any borrowings from the
non-U.S. parent in this item.

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4. a non-U.S. branch of
(a) a U.S. depository institution; and
(b) an Edge Act and agreement corporation;
B. foreign (non-U.S.) national governments and
foreign official banking institutions; and
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C. international institutions.
All borrowings are to be reported on a gross basis.
Borrowings from non-U.S. banking offices of other banks
should be included in this item regardless of the terminology used to describe such borrowings, including transactions that are referred to as ‘‘federal funds.’’
Include in worksheet item 1 as borrowings
1. obligations such as promissory notes, acknowledgments of advance, or similar obligations (including the proceeds from loan strips);
2. due bills or similar obligations that remain uncollateralized after three business days; and
3. overdrawn balances at non-U.S. offices of other
banks.
Exclude from worksheet item 1
1. any liability of the international banking facility
(IBF); or
2. any liability actually in the form of, and recorded
on the books of the reporting institution as, a
demand deposit, savings deposit, or time deposit
(including share accounts and share certificates);
or
3. assets of the reporting institution that represent
obligations fully guaranteed as to principal and
interest by the U.S. government or a federal
agency, sold under an agreement to repurchase.
Gross Liabilities to Own Non-U.S. Branches plus
Net Liabilities to Own IBF (Worksheet Item 2)
Enter in this item the outstanding balance at the close of
business each day of gross liabilities of the reporting
institution’s U.S. offices to non-U.S. branches of the
reporting institution. The net position of the establishing
entity with its international banking facility (IBF) should
be included in this item only if it is a net ‘‘due to.’’ (The
instructions for the calculation of the reporting institution’s net position with its own IBF are shown following
the detailed instructions for worksheet item 3.) All
liabilities to non-U.S. branches should be reported gross
and not netted against claims. (Claims are reported gross
in worksheet item 3.) These liabilities include, among
other items,
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1. funds placed on deposit at the head office or other
U.S. offices of the reporting institution by non-U.S.
branches;
2. borrowings by the head office or other U.S. offices
of the reporting institution from the reporting
institution’s non-U.S. branches;
3. overdrawn deposit accounts of the head office or
other U.S. offices of the reporting institution at
non-U.S. branches (note that such overdrawn
accounts should not be treated as negative balances in worksheet item 3);
4. assets (other than U.S. government or federal
agency securities) sold under agreements to repurchase by the reporting institution to its non-U.S.
branches;
5. the proceeds from loan strips sold to the reporting
institution’s non-U.S. branches; and
6. other liabilities to own non-U.S. branches, such as
those resulting from clearing activities, payments
related to foreign exchange transactions, bankers’
acceptance transactions, and other activities.
In addition, include in this item the reporting institution’s
net liabilities, if any, to its own IBF. For calculation of
this amount, please see the section entitled ‘‘Calculation
of net due to/due from own IBF,’’ which appears immediately following the instructions for worksheet item 3 of
the FR 2900 report.
Gross Claims on Own Non-U.S. Branches plus Net
Claims on Own IBF (Worksheet Item 3)
Enter in this item the outstanding balance at the close of
business each day of gross claims of the reporting
institution’s U.S. offices on non-U.S. branches of the
reporting institution. The net position of the establishing
entity with its international banking facility (IBF) should
also be entered in this line if it is a net ‘‘due from.’’ (See
instructions below for the calculation of the reporting
institution’s net position with its IBF.) All claims on
non-U.S. branches should be reported gross and not
netted against liabilities. (Liabilities are reported gross in
worksheet item 2.) These claims include, among other
items,
1. funds placed on deposit by the head office and
other U.S. offices of the reporting institution at
non-U.S. branches;
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2. funds advanced by the head office and by other
U.S. offices of the reporting institution to non-U.S.
branches;
3. overdrawn deposit accounts of the reporting institution’s non-U.S. branches at the head office and at
other U.S. offices of the reporting institution (note
that such overdrawn accounts should not be treated
as negative balances in worksheet item 2);
4. assets (other than U.S. government or federal
agency securities) purchased by the reporting
institution from its own non-U.S. branches under
an agreement to resell; and

5. other claims on own non-U.S. branches, such as
those resulting from clearing activities, foreign
exchange transactions, bankers’ acceptance transactions, unremitted branch earnings, and other
activities.
In addition, include in this item the reporting institution’s
net claims, if any, on its own IBF. For calculation of this
amount, please see the section entitled ‘‘Calculation of
net due to/due from own IBF,’’ which appears immediately below.

Calculation of net due to/due from own IBF
To determine whether the reporting institution has net liabilities due to the reporting institution’s own international banking facility (IBF) to be entered in worksheet item 2, or net
claims on the reporting institution’s own IBF to be entered in worksheet item 3, it is necessary to perform the following calculations using the asset and liability accounts of the reporting institution’s own IBF:
1. Compute IBF liabilities to parties other than U.S. offices of the establishing entity minus
IBF assets due from parties other than U.S. offices of the establishing entity.
2. If the difference calculated in (1) is positive, it represents, on the books of the IBF, net balances due from U.S. offices of the establishing entity. For purposes of the FR 2900 report, it
represents the establishing entity’s net liabilities due to own IBF and should be included in
worksheet item 2.
3. If the difference calculated in (1) is negative, its absolute value represents, on the books of
the IBF, net balances due to U.S. offices of the establishing entity. For purposes of the FR
2900 report, its absolute value represents the establishing entity’s net claims on its own IBF
and should be included in worksheet item 3.

Assets Held by Own IBF and Own Non-U.S.
Branches Acquired from U.S. Offices (Worksheet
Item 4)

for assets acquired and still held by non-U.S. offices of
the reporting institution’s U.S. or non-U.S. parent institution.11

Enter in this item the amount of outstanding funds
received by the reporting institution for assets that were
acquired and still held by the reporting institution’s own
international banking facility (IBF), by its own non-U.S.
offices, and by non-U.S. offices of an affiliated Edge Act
and agreement corporation and that were acquired from
the reporting institution’s U.S. offices. In addition, for
Edge Act and agreement corporations, include the amount
of outstanding funds received by the reporting institution

The amount entered here includes assets that are claims
on both U.S. and non-U.S. entities.

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Include such assets as
1. loans and securities sold outright by U.S. offices of
11. Do not include those assets that were acquired by an IBF from its
establishing entity before the end of the second 14-day reserve computation period after establishment of the IBF.
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the reporting institution to its own IBF or its own
non-U.S. branches; and
2. participations in loans and other assets acquired
by the reporting institution’s own IBF or non-U.S.
branches.
Exclude from this item sales of assets under agreements
to repurchase by U.S. offices to the reporting institution’s
non-U.S. branches. Such transactions should be reported
in worksheet item 2.
Credit Extended by Own Non-U.S. Branches to U.S.
Residents (Worksheet Item 5)
Enter in this item the amount of credit extended directly
by the reporting institution’s non-U.S. branches to U.S.
residents, regardless of where the proceeds will be used.
However, if the amount of credit extended to U.S.
residents by any single non-U.S. branch did not exceed
$1 million at any time during the computation period, the
amount for that branch should not be reported. In addition, if the aggregate amount of credit extended to any
particular U.S. resident by all non-U.S. branches did not
exceed $100,000, the amount of credit to that U.S.
resident should not be reported. Also, do not include as
credit extended to U.S. residents
1. amounts representing credit to U.S. residents
acquired from U.S. offices of the reporting institution;
2. credit extended to other depository institutions, to
banking Edge Act and agreement corporations, or
to U.S. branches and agencies of non-U.S. banks;

FR 2900. They may differ from definitions that appear in
other rules, regulations, statutes, or reports.
Acknowledgment of advance
A notification by a depository institution of its liability
for funds that have been received. Acknowledgments of
advance may take the form of an electronic advice,
written receipt, issuance of a credit memo or other
documentation, or simply an oral communication confirming the receipt of funds under a borrowing-lending
arrangement. Acknowledgments of advance are primary
obligations of the issuing depository institution.
ATS (Automatic transfer service) account
A deposit or account authorized by the last sentence of 12
U.S.C. § 371a and consisting only of funds (1) in which
the entire beneficial interest is held by one or more
individuals, (2) on which the depository 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) from which, pursuant to prior written
agreement between the institution and the depositor,
withdrawals may be made automatically through payment to the depository institution itself or through transfer of credit to a demand deposit or other account in
connection with checks or share drafts drawn upon the
institution or to maintain a specified balance in, or to
make periodic transfers to, such other accounts.
An ATS account is a transaction account.

3. credit extended to an IBF; and

Bankers’ acceptance

4. credit extended to a non-U.S. branch, office, subsidiary, affiliate, or other foreign establishment
controlled by one or more U.S. corporations if the
proceeds of the credit will be used to finance its
non-U.S. operations, even if the credit is guaranteed by the U.S. corporation.

A draft or bill of exchange usually drawn under a letter of
credit issued by the reporting institution to a customer
and ‘‘accepted’’ by the reporting institution (that is, the
reporting institution assumes an obligation to make payment at maturity). Generally, a bankers’ acceptance is
eligible for discount by a Federal Reserve Bank if it is
used to finance the export or import of goods, the
domestic shipment of goods, and the foreign or domestic
storage of goods and if it has a remaining maturity of l80
days or less. Bankers’ acceptances used to finance dollar
exchange are also eligible for discount by a Federal
Reserve Bank if the remaining maturity is three months
or less. Bankers’ acceptances issued for other purposes,
such as finance bills and working capital acceptances, are
ineligible for discount at Federal Reserve Banks. (See 12
U.S.C. § 372.)

Perform the calculation detailed on the Worksheet for
Preparation of Item CC.1, Net Eurocurrency Liabilities,
and enter the result on the FR 2900, item CC.1, Net
Eurocurrency Liabilities, rounded to the nearest thousand
dollars.

Glossary
This section provides definitions for terms in sections 1
and 2. These definitions are used for purposes of the
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Bankers’ bank
A bankers’ bank is an institution satisfying all of the
following criteria:
1. The institution is organized solely to do business
with other financial institutions. This requirement
may be met even though the institution does a
limited amount of business with customers other
than financial institutions. Those customers to
whom the institution may lend, or from whom it
may receive, deposits are specified in 12 CFR §
204.121.
2. The institution is owned primarily (75 percent or
more) by the financial institutions with which it
does business.
3. The institution does not do business with the
general public except for customers specified in
12 CFR § 204.121. Loans to customers other than
financial institutions may not exceed 10 percent of
the institution’s total assets, and the deposits that
the institution receives from customers other than
financial institutions may not exceed 10 percent of
the institution’s total liabilities.
Banking business
The business of accepting deposits, making loans, and
providing related services. The banking business does
not include the acceptance of trust funds.
Bank note
A debt security issued by a depository institution with the
term ‘‘Bank Note’’ included on the instrument.
Bona fide cash management
A cash management plan can be regarded as bona fide
when an institution and a depositor have agreed that the
institution may use the balance in one account to offset
the overdrafts in another account of the same type or a
related depositor and where a bona fide cash management
purpose is served. Although a written agreement is not
required, there should be some indication of this purpose
that can be referred to in order to demonstrate the bona
fide nature of the arrangement. It should be recognized
that, depending on the nature and extent of any cash
management plan, sound banking practice may require
that the institution’s authority and responsibility be documented. A bona fide cash management function is not
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served when an institution nets a depositor’s multiple
accounts after an overdraft occurs in one of these
accounts merely to reduce its reservable liabilities.
Branches and agencies of foreign (non-U.S.) banks
See U.S. branches and agencies of foreign (non-U.S.)
banks.
Brokered deposits
Funds in the form of deposits that a depository institution
receives from brokers or dealers on behalf of individual
depositors. For details on reporting, see the memorandum
section on item F. 1, All Time Deposits with Balances of
$100,000 or More, or item BB.1, Total Nonpersonal
Savings and Time Deposits.
Brokers security draft
A draft with securities or title to securities attached that is
drawn to obtain payment for the securities. This draft is
sent to a bank for collection with instructions to release
the securities only on payment of the draft.
Cash collateral account
A liability account that is established typically in connection with the issuance of a commercial letter of credit by
the reporting institution. A cash collateral account appears
on the books of the reporting institution, through either a
transfer of funds from a customer’s deposit account or a
deposit of cash, in an amount equal to all or some portion
of the authorized amount of the letter of credit. As drafts
are drawn under the letter of credit and presented to the
reporting institution for payment, the amounts of the
drafts are charged to the account. After the letter of credit
expires, any balance remaining in the account is paid or
credited to the customer.
Certificates of indebtedness
Unsecured promissory notes that represent borrowings
by a depository institution.
Club accounts
Christmas club, vacation club, or similar savings deposits, share accounts, time deposits, or share certificate
accounts for which there are written contracts providing
that no withdrawals can be made until a certain number
of periodic deposits have been made during a period of
not less that three months, even though some of the
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Credit Unions

deposits are made within six days from the end of the
period.
Commodity or bill of lading draft
A draft that is issued in connection with the shipment of
goods. If the commodity or bill of lading draft becomes
payable only when the shipment of goods against which
it is payable arrives, it is an arrival draft. Arrival drafts
are usually forwarded by the shipper to the collecting
depository institution with instructions to release the
shipping documents (for example, a bill of lading) conveying title to the goods only upon payment of the draft.
Payment, however, cannot be demanded until the goods
have arrived at the drawee’s destination. Arrival drafts
provide a means of ensuring payment of shipped goods at
the time that the goods are released.
Credit balance
A liability booked by the reporting institution as a credit
balance or maintained by the reporting institution and
owed to a third party that is incidental to, or that arises
from, the exercise of banking powers. Also include any
credit balance that results from customers’ overpayments
of account balances on credit cards and related plans.

portion (such as 90 percent) of the amount due on the
installment loans. Typical accounting entries by the
reporting institution are a debit to ‘‘loans’’ for the
principal amount due on the loans purchased, a credit to
the dealer’s ‘‘demand deposit’’ account for 90 percent of
the amount, and a credit to a ‘‘dealer reserve’’ or a
‘‘dealer differential’’ account for the remaining 10 percent. Because the dealer does not have access to the funds
credited to the reporting institution’s dealer reserve or
differential account and may not make withdrawals from
the account, no deposit liability arises until such time as
the reporting institution becomes liable to the dealer for
any portion of the funds.
Demand deposit
A deposit described in section 1, subsection G.1, or a
primary obligation described in section 1, subsection
G.3, that is payable immediately on demand, or that is
issued with an original maturity or required notice period
of less than seven days, or that represents funds for which
the depository institution does not reserve the right to
require at least seven days’ written notice of an intended
withdrawal.
A demand deposit is a transaction account.

Custodial inventory program

Deposit notes

Pursuant to the Federal Reserve Currency Recirculation
Policy, the Federal Reserve Banks have created a Custodial Inventory Program to help offset the opportunity
costs associated with holding additional currency in
reporting institutions’ vaults to facilitate its recirculation.
By participating in this program, the reporting institution
will be allowed to transfer currency to the Federal
Reserve Bank’s books but will continue to physically
hold the currency within its secured facility.

A debt security issued by a depository institution with the
term ‘‘deposit’’ included on the note.

For more information about the policy, please visit
www.frbservices.org/operations/currency/
custodial_inventory_program.html.
Dealer reserve or dealer differential account
An account that arises when a merchant or dealer (such
as a home-improvement contractor, auto dealer, or mobile
home dealer) enters into an arrangement with the reporting institution to furnish the dealer with financing of
installment loans by selling the loans to the reporting
institution at discount. The proceeds of the sale that the
dealer receives from the institution represent only a
FR 2900
Credit Unions September 2015

Depository institution
Any of the following institutions that are empowered to
perform a banking business and that perform this business as a substantial part of their operations and are
federally insured or are eligible to apply to become
federally insured:
1. U.S. commercial banks
A. national banks;
B. state-chartered commercial banks; and
C. trust companies that perform a commercial
banking business;
2. U.S. branches and agencies of foreign (non-U.S)
banks;
3. banking Edge Act and agreement corporations;
4. savings banks (mutual and stock);
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Credit Unions

5. building or savings and loan associations;

Draft

6. cooperative banks;

An instrument signed by the drawer ordering the payment of a certain sum of money on demand to the order
of a specified person or bearer.

7. homestead associations;
8. credit unions; and
9. industrial banks (including thrift and loan companies and industrial savings banks) when chartered
as a bank under state law.
The term ‘‘depository institution’’ excludes the following:
1. private banks or unincorporated banking institutions organized as partnerships or proprietorships
and authorized to perform commercial banking
business;
2. a trust company whose principal function is to
accept and execute trust arrangements or act in a
purely fiduciary capacity;
3. a cash depository, cooperative exchange, or similar depository organization whose principal function is to serve as a safe deposit institution;
4. a finance company, whether or not empowered to
receive deposits or sell certificates of deposit;
5. U.S. government agencies and instrumentalities,
such as the Federal Home Loan Banks, Federal
Intermediate Credit Banks, Federal Land Banks,
Banks for Cooperatives, the Federal Home Loan
Mortgage Corporation, Federal Deposit Insurance
Corporation, Federal National Mortgage Association, Federal Financing Bank, National Credit
Union Share Insurance Fund, and NCUA Central
Liquidity Facility;
6. Export-Import Bank of the United States;
7. Government Development Bank of Puerto Rico;
8. Minbanc Capital Corporation; and
9. Federal Reserve Banks.
Deposits
See Regulation D, section 204.2(a)(1).

Due bill
An instrument representing an obligation or promise to
sell or deliver at some future date securities, foreign
exchange, and so on. Due bills generally are issued in
lieu of the item to be sold or delivered at times when the
item is in short supply or otherwise currently unavailable.
The issuance of due bills may give rise to a reservable
deposit (see section 1, subsection G.2.i, Primary Obligations).
Edge Act and agreement corporations
An Edge Act corporation is a corporation chartered by
the Federal Reserve Board under section 25(a) of the
Federal Reserve Act to engage in international banking
and financial operations.
An agreement corporation is a state-chartered corporation that enters into a written agreement with the Federal
Reserve Board to enter into those activities that are
permitted to Edge Act corporations (which are chartered
by the Federal Reserve Board).
Excess balance account (EBA)
An account at a Reserve Bank established by one or more
eligible institutions and in which only excess balances of
the participating eligible institution(s) may at any time be
maintained.
Exempt entities
U.S. offices of the following:
1. U.S. commercial banks and trust companies conducting a commercial banking business and their
majority-owned subsidiaries;
2. U.S. branches or agencies of foreign (non-U.S.)
banks (that is, banks organized under foreign
(non-U.S.) law);
3. banking Edge Act and agreement corporations;

Dividend

4. mutual and stock savings banks;

Any payment to or for the account of a depositor as
compensation for the use of funds constituting a deposit.

5. building or savings and loan associations and
homestead associations;

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Credit Unions

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, the Federal Home Loan Mortgage
Corporation, Federal Deposit Insurance Corporation, Federal National Mortgage Association, Federal Financing Bank, Student Loan Marketing
Association, National Credit Union Share Insurance Fund, and NCUA Central Liquidity Facility;
10. Export-Import Bank of the United States;
11. Government Development Bank of Puerto Rico;
12. Minbanc Capital Corporation;
13. securities dealers, but only when the borrowing (a)
has a maturity of one day, (b) is in immediately
available funds, and (c) 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 that
are majority owned by one or more non-U.S.
banks; and
16. investment companies or trust companies whose
entire beneficial interest is held exclusively by one
or more depository institutions.
Exemption amount
Section 411 of the Garn-St Germain Depository Institutions Act of 1982 subjects the first $2.0 million of a
depository institution’s reservable liabilities to a reserve
requirement of 0 percent. The amount of reservable
liabilities subject to the 0 percent reserve requirement
(the exemption amount) is adjusted each year for the next
succeeding calendar year by 80 percent of the increase in
total reservable liabilities of all depository institutions,
measured on an annual basis as of June 30. (No corresponding adjustment is made in the event of a decrease in
total reservable liabilities of all depository institutions.)
The revised exemption amount is to be effective for the
FR 2900
Credit Unions September 2015

following calendar year. The exemption amount is used
in two ways. First, it is used for all FR 2900 reporters in
the reserve requirement calculations during the calendar
year (January through December) following the announcement of the revised amount. Second, for those depository
institutions whose deposits reporting status is based on
the level of their net transaction accounts, it is used to
determine who must file the FR 2900 and who is eligible
for reduced reporting for the 12-month period beginning
in the September following the announcement of the
revised exemption amount each year.
The current exemption amount can be found in chapter V
of the Reserve Maintenance Manual.
Federal public funds
Funds of the U.S. government and funds the deposit of
which is subject to the control and regulation of the
United States or any of its officers, agents, or employees.
Federal Reserve draft
A draft issued by a depository institution that is drawn on
its account at a Federal Reserve Bank and that is payable
by the Federal Reserve Bank.
Finance bills
A bill of exchange not accompanied by shipping documents, usually of 60 days tenor or over, and drawn by a
bank or banker in one country on a bank or banker in
another for the purpose of raising funds. Finance bills are
not drawn against the shipment of goods. They are
sometimes drawn against balances maintained with the
drawee bank but more often are not, being in the nature
of an advance from a bank in one country to a bank in
another. The drawee bank accepts a finance bill for a
fixed commission but only, of course, when the drawing
bank has a high credit rating.
Foreign (non-U.S.) bank
A bank organized under foreign (non-U.S.) law. Foreign
banks include commercial banks, merchant banks, discount houses, and similar depository institutions, including nationalized banks that perform essentially a banking
business and do not perform, to any significant extent,
official functions of foreign (non-U.S.) governments.
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Foreign (non-U.S.) governments
Central, national, state, provincial, and local governments in foreign (non-U.S.) countries (including their
ministries, departments, and agencies) that perform functions similar to those performed in the United States by
government entities.

sometimes referred to as ‘‘collected,’’ ‘‘actually collected,’’ ‘‘finally collected,’’ or ‘‘good’’ funds.
International institution

A central or national government that performs functions
similar to those performed by the federal government of
the United States. State, provincial, and local governments are not included as foreign national governments.

(1) Any international entity of which the United States is
a member, such as the International Bank for Reconstruction and Development (World Bank), International Monetary Fund, Inter- American Development Bank, and the
United Nations; and (2) other foreign, international, or
supranational entities of which the United States is not a
member, such as the African Development Bank, Central
Treaty Organization, European Atomic Energy Community, European Economic Community, European Development Fund, Caribbean Development Bank, Bank for
International Settlements, and so on. (See Regulation D
12 CFR § 204.125.)

Foreign (non-U.S.) official banking institutions

Letter of credit

Central banks, nationalized banks, and other banking
institutions in foreign (non-U.S.) countries that are owned
by central governments and that have as a significant part
of their function activities similar to those of a treasury,
central bank, development bank, exchange control office,
stabilization fund, monetary agency, currency board, and
so on.

A letter of advice, from a depository institution to its
agent or correspondent, requesting that a sum of money
be made available to the person named in the letter under
specified conditions.

For purposes of Regulation D, foreign (non-U.S.) governments also include foreign (non-U.S.) official banking
institutions.
Foreign (non-U.S.) national government

Hypothecated deposits
Funds received by the reporting institution that are
recorded as deposits generally in accordance with state
law and that reflect periodic payments by a borrower on
an installment loan. These payments are accumulated
until the sum of the payments equals the entire amount of
principal and interest on the loan, at which time the loan
is considered paid in full. The amounts received by the
reporting institution are not immediately used to reduce
the unpaid balance of the note but are assigned to the
reporting institution and cannot be reached by the borrower or the borrower’s creditors. Hypothecated deposits
are not to be reported as reservable deposits.
Deposits that simply serve as collateral for loans are not
considered hypothecated deposits for purposes of the FR
2900 report.

Loan-to-lender program
A loan-to-lender program involves the issuance of taxexempt bonds by a state or local housing authority and
the subsequent lending of the proceeds to a reporting
institution with the condition that these funds be used to
make specified types of residential real estate loans. The
funds advanced to institutions under the program are
evidenced by a loan agreement and a promissory note
issued by the institution to the housing authority.
Majority-owned subsidiary
A U.S. subsidiary (except for an Edge Act and agreement
corporation) of which a reporting institution owns 50
percent or more.
MMDA (Money market deposit account)
See savings deposit.
Natural person

Immediately available funds
Funds that the reporting institution can invest or dispose
of on the same business day that the transaction giving
rise to receipt of the funds is executed. Such funds are
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A natural person for purposes of the FR 2900 report is an
individual or a sole proprietorship. The term does not
mean a corporation owned by an individual, a partnership, or other association.
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Net transaction accounts
Total Transaction Accounts (item A.3) minus Demand
Balances Due from Depository Institutions in the U.S.
(item B.1) minus Cash Items in Process of Collection
(item B.2) plus Ineligible Acceptances and Obligations
Issued by Affiliates Maturing in Less Than Seven Days
(item AA.1). Note that if the first three terms produce a
result that is less than zero, that result should be set to
zero before proceeding.
Noncash item
An item that would otherwise fit the definition of cash
items except that it requires special handling as classified
by the Federal Reserve System’s Operating Circulars.
Examples of items requiring special handling are as
follows:
• items with a passbook, certificate, or other document attached;
• items accompanied by special instructions (such
as a request of special advise of payment or
dishonor); and
• items that have not been preprinted or postencoded in magnetic ink with the routing number
of the paying bank.
Nonconsolidated affiliate
An entity that
• is controlled by the shareholders of the reporting
institution; that is, control is held directly or
indirectly through stock ownership, or in any
other manner, by (1) shareholders of the reporting
institution who own or control either a majority of
the shares of such depository institution or more
than 50 percent of the number of shares voted for
the election of directors of the reporting institution at the preceding election or by (2) trustees for
the benefit of the shareholders of any such depository institution; or
• has a majority of its directors on the board of
directors of the reporting institution; that is, the
majority of its directors, trustees, or other persons
exercising similar functions also are directors of
any other depository institution; or
• owns or controls the reporting institution; that is,
owns or controls directly or indirectly either a
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majority of the shares of capital stock of the
reporting institution or more than 50 percent of
the number of shares voted for the election of
directors, trustees, or other persons exercising
similar functions of the reporting institution at the
preceding election or controls in any manner the
election of a majority of directors, trustees, or
other persons exercising similar functions of the
reporting institution, or for the benefit of whose
shareholders or members all or substantially all
the capital stock of a depository institution is held
by trustees.
Non-exempt deposit cutoff
This cutoff is used to determine whether depository
institutions report on the FR 2900 weekly or quarterly.
The Federal Reserve Board determines the deposit cutoff.
The Board also indexes the cutoff annually to grow at 80
percent of the June-to-June growth rate of total transaction accounts, savings deposits, and small time deposits
at all depository institutions. Consistent with rules governing indexing the exemption amount, if total transaction accounts, savings deposits, and small time deposits
decline in that period, the Board will make no downward
adjustment through the indexing process. On occasion,
the Federal Reserve Board has increased the deposit
cutoff beyond its indexed level.
Non-exempt entity
A non-exempt entity is any one of the following:
1. individuals, partnerships, and corporations, wherever located;
2. security dealers wherever located, when the borrowing (a) has a maturity longer than one day, (b)
is not in immediately available funds, and (c) is
not in connection with the clearance of securities;
3. state and local governments in the United States
and their political subdivisions;
4. a depository institution’s parent holding company
if the holding company is not a bank;
5. a depository institution’s parent holding company’s
nonbanking subsidiaries;
6. a depository institution’s nonbanking subsidiaries;
and
7. international institutions.
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Nonpersonal savings deposit

Payable-through drafts

A savings deposit (including share accounts) that is
transferable or that represents funds deposited to the
credit of, or in which any beneficial interest is held by, a
depositor that is not a natural person.

A negotiable demand draft that can be sent for payment
to an institution that is not the institution on which the
draft is drawn. The draft may be drawn on a depository
institution, or it may be drawn on a nondepository
institution.

Nonpersonal time deposit
Nonpersonal time deposit means
1. a time deposit (including share certificates) representing funds deposited to the credit of, or in
which any beneficial interest is held by, a depositor that is not a natural person;
2. a time deposit (including share certificates) that is
transferable and held by a natural person; or
3. a time deposit (including share certificates) issued
to and held by a natural person that does not
contain on its face a statement that the deposit is
not transferable.

Personal savings deposit
A savings deposit that is not transferable and that represents funds deposited to the credit of, or in which the
entire beneficial interest is held by, a depositor who is a
natural person.
Personal time deposit
A time deposit (including a share certificate) that represents funds deposited to the credit of, or in which the
entire beneficial interest is held by, a natural person,
including a time deposit that is issued to or held by a
natural person and that contains a statement on its face
that it is not transferable.

Non-U.S.
Any geographic location, including the Commonwealth
of Puerto Rico and U.S. territories and possessions,
outside the 50 states of the United States and the District
of Columbia.

Preauthorized transfer

Non-U.S. bank

Original maturity

The amount of total transaction accounts, savings deposits, and small time deposits that if equaled or exceeded at
a depository institution, requires the institution to report
on the FR 2900 weekly, regardless of the level of their net
transactions accounts.

The length of time from the date of issue to the earliest
date that the funds may be withdrawn at the option of the
depositor under the terms of the deposit agreement.
Where a deposit is withdrawable on a specified date, the
maturity is determined by the length of time between the
issue date and the specified maturity date. Where a
deposit has no specified maturity but can be withdrawn
after written notice is provided to the reporting institution, the maturity is determined by the length of the
required notice period. Roll-over certificates of deposit,
multiple maturity deposits, alternative maturity deposits,
or deposits providing other maturity combinations that
permit a depositor the option of withdrawing the deposit
at different dates or periods of time should be reported on
the basis of the earliest allowable withdrawal date.

Any institution with total transaction accounts, savings
deposits, and small time deposits greater than or equal to
the reduced reporting limit is required to report an
FR 2900 weekly, regardless of the level of their net
transaction accounts. Initially set at $1 billion in 2003,
the reduced reporting limit is indexed to 80 percent of the
June 30-to-June 30 growth in total transaction accounts,
savings deposits, and small time deposits at all depository institutions. As with current indexation procedures,
if total transaction accounts, savings deposits, and small
time deposits decline in that period, the reduced reporting
limit would remain unchanged. The revised reduced
reporting limit is effective for the 12-month period
beginning in the September following the announcement
of the revised reduced reporting limit each year.

See foreign (non-U.S.) bank.

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See telephone and preauthorized transfer accounts.
Reduced reporting limit

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Remote service unit (RSU)

Share account

RSU includes, without limitation, point-of-service terminals, merchant-operated terminals, cash-dispensing
machines, and automated teller machines.

Funds in the form of shares purchased by a member or
other approved depositor that are received or held by the
reporting institution in its usual course of business and
for which the reporting institution has given, or is
obligated to give, credit to the account of the depositor.
This account is not payable on a specified date or after a
specified period of time. However, the reporting institution expressly reserves the right to require at least seven
days’ written notice before an intended withdrawal of all
or any portion of the shares in an account.

Repurchase agreement
An arrangement involving the sale of a security or other
asset under a prearranged agreement to repurchase the
same or similar security or asset at a later date.
Returned item
A check or draft that is returned by a drawee institution to
the presenting institution because of certain irregularities
that, if waived, might result in a loss to the drawee
institution. The item is returned so that the presenting
institution may correct the defect or take such other
action as may be necessary, such as charging the depositor’s account.
Savings deposit
A savings deposit is a deposit described in section 1,
subsection G.1, or a primary obligation described in
section 1, subsection G.2, with respect to which the
depositor is not required by the deposit contract, but may
at any time be required by the depository institution, to
give written notice of an intended withdrawal not less
than seven days before the 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.
The term ‘‘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 depository 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; a telephonic (including data transmission) agreement, order, or
instruction; or a check, draft, debit card, or similar order
made by the depositor and payable to third parties.
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Share certificate
A transferable or nontransferable instrument or account
that provides on its face or in the underlying agreement
that a specified amount of shares is payable to the bearer
or to any specified person
1. on a certain date, specified in the instrument or
underlying account, not less than seven days after
the purchase date of shares; or
2. at the expiration of a certain specified time not less
than seven days after the date the instrument is
issued or the account is opened; or
3. upon notice in writing that actually is required to
be given by the certificate holder not less than
seven days before the date of repayment.
Share draft
A share draft is a negotiable or nonnegotiable draft
signed by the account holder and directing the credit
union on which the draft is drawn to pay a certain sum of
money on demand to the order of a specified person or
bearer. Such drafts are used to withdraw funds from a
share draft account.
A share draft account is a share account from which
funds may be withdrawn or transferred to third parties by
issuance of a negotiable or transferable instrument or
other order.
Small time deposit
A time deposit issued in an amount less than $100,000.
Suspense accounts
Temporary holding accounts in which items are carried
until they can be identified and their disposition to the
proper asset or liability account can be made.
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Telephone and preauthorized transfer accounts

Teller’s check

Telephone and preauthorized transfer accounts that are
regarded as transaction accounts are deposits or accounts,
other than savings deposits, (1) in which the entire
beneficial interest is held by a party eligible to hold a
share draft account, (2) on which the reporting institution
has reserved the right to require at least seven days’
written notice prior to withdrawals 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 withdrawals per month or statement cycle (or similar period) of at
least four weeks 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 a preauthorized transfer; a
telephonic (including data transmission) agreement, order,
or instruction; or a check, draft, debit card, or similar
order made by the depositor and payable to third parties.
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 a month. (A month is a calendar month or any period
approximating a month that is at least four weeks long,
such as a statement cycle.)

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, a Federal Reserve Bank, or a
Federal Home Loan Bank.

A preauthorized transfer includes any arrangement by the
reporting institution to pay a third party from the account
of a depositor upon written or oral instruction (including
an order received through an automated clearing house,
or ACH), or any arrangement by the reporting institution
to pay a third party from the account of the depositor at a
predetermined time or on a fixed schedule.
Telephone and preauthorized transfers also include deposits or accounts maintained in connection with an arrangement that permits the depositor to obtain credit directly or
indirectly through the drawing of a negotiable or nonnegotiable check, draft, order or instruction, or other similar
device (including telephone or electronic order or instruction) on the issuing institution that can be used for the
purpose of making payments or transfers to third persons
or others or to a deposit account of the depositor.
Also include in this item the balance of deposits or
accounts that otherwise meet the definition of time
deposits but from which payments may be made to third
parties by means of a debit card (including POS debits),
an ATM, an RSU, or other electronic device, regardless
of the number of payments made.
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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.
Time certificate of deposit
A deposit described in section 1, subsection G.1, or a
primary obligation described in section 1, subsection
G.2, that is payable on a specified date, after a specified
period of time from the date of deposit, or after a
specified notice period, which may be not less than seven
days from the date of deposit.
A time deposit (including share certificates) may be
represented by a transferable or nontransferable, or a
negotiable or nonnegotiable, certificate, instrument, passbook, or statement. A nonnegotiable time deposit is
distinguished from a nontransferable time deposit in that
the transferee of a nonnegotiable time deposit would not
be a holder in due course and would not have the ability
to cut off certain defenses of an obligor even though an
exchange for value can be made. A nontransferable time
deposit allows no exchange for value to be made.
Time deposit
A deposit (including share certificates) described in
section 1, subsection G.1, or a primary obligation
described in section 1, subsection G.2, from which 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.
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Time deposit open account
A deposit other than a time certificate of deposit, with
respect to which there is in force a written contract with
the depositor that neither the whole nor any part of such
deposit may be withdrawn prior to the date of maturity,
which shall be not less than seven days after the date of
deposit, or prior to the expiration of the period of notice,
which must be given by the depositor in writing not less
than seven days in advance of withdrawal.
Transferable
Any deposit that does not contain a specific statement on
the certificate, instrument, passbook, statement, or other
form representing the deposit that the deposit is not
transferable. A deposit that contains a specific statement
that it is not transferable is not regarded as transferable
even if the following transactions can be effected: a
pledge as collateral for a loan; a transaction that occurs
due to circumstances arising from death, incompetency,
marriage, divorce, attachment, or otherwise by operation
of law; or a transfer on the books or records of the
institution.
Unposted credits
Items that have been received for deposit and that are in
process of collection but that have not been posted to
individual or general ledger deposit accounts. These
credits should be reported as deposits.
Unposted debits
Cash items drawn on the reporting institution that have
been paid or credited by the institution and that are

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chargeable but that have not been charged against deposits as of the close of business. These items should be
reported as ‘‘cash items in process of collection’’ until
they have been charged to either individual or general
ledger deposit accounts.
U.S. (United States)
The 50 states of the United States and the District of
Columbia, and military facilities, wherever located.
U.S. branches and agencies of foreign (non-U.S.)
banks
Branches and agencies of foreign (non-U.S.) banks that
operate as a U.S. office of their foreign (non-U.S.) parent
bank. The branch or agency may be licensed by the U.S.
government or by a state of the United States. As defined
by section 1 of the International Banking Act of l978 (12
U.S.C. § 3101), a branch means any office or any place of
business of a foreign bank located in any state of the
United States at which deposits are received; an agency
means any office or any place of business of a foreign
bank located in any state of the United States at which
credit balances are maintained incidental to, or arising
out of, the exercise of banking powers, checks are paid,
or money is lent but at which deposits may not be
accepted from citizens or residents of the United States.
U.S. Treasury general account
A Treasury account maintained at the reporting institution to which government officers deposit funds obtained
in connection with special collections, such as customs
fees or other tax collections.

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