Seasonal Credit, borrower in questionable financial condition

INSTRUCTIONS

Selected Balance Sheet Items For
Discount Window Borrowers
FR 2046

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

Scope
The office coverage of this report and, as applicable,
the consolidation basis, correspond to the reporting
institution’s condition report filed with a federal supervisory agency, as follows. (As noted later in these
instructions, the definitions of items on the
FR 2046 also correspond in general to definitions on
the institution’s condition report).
(1) For U.S. commercial banks (and Savings Associations), the FR 2046 corresponds to the quarterly
Consolidated Reports of Condition and Income
(“Call Report”) (FFIEC 031, 041, and 051).
The FR 2046 covers only the domestic offices of
the reporting bank, that is, the bank’s head office;
all branches located in the 50 states of the U.S., in
the District of Columbia, or at a U.S. military
facility, wherever located; and subsidiaries (except
Edge and Agreement corporations) located in the
50 states of the U.S. or the District of Columbia
that are consolidated in the domestic-office Call
Report. (Please note that International Banking
Facilities (IBFs) are foreign, not domestic, offices
of the reporting bank.) For banks with domestic
offices only, the coverage of the FR 2046 is the
same as the Consolidated Reports of Condition
and Income for a Bank with Domestic Offices Only
(FFIEC 041).
For banks with domestic offices only and total
assets less than $1 billion, the coverage of the
FR 2046 is the same as the Consolidated Reports
FR 2046

of Condition and Income for a Bank with Domestic
Offices Only and Total Assets Less than $1 Billion
(FFIEC 051).
For banks with foreign offices—that is, branches
or subsidiaries located in Puerto Rico, U.S. territories or possessions, or in foreign countries;
Edge or Agreement subsidiaries (including both
their U.S. and their foreign offices); or an IBF—
the coverage of the FR 2046 is the same as the
domestic-office part of the Consolidated Reports
of Condition and Income for a Bank With Domestic and Foreign Offices (FFIEC 031).
Please refer to the Call Report instructions for
detailed information on consolidation. However,
for purposes of the FR 2046, accounts of domestic subsidiaries that are not available on a timely
basis may be consolidated with a lag, or amounts
reported for such subsidiaries may be estimated
for use in the process of consolidation. Also,
where line-by-line exclusion of transactions with
foreign offices is not possible within the given
time schedule, amounts to be excluded may be
estimated.
Note: The FR 2046 is also comparable to the
Weekly Report of Selected Assets and Liabilities
of Domestically Chartered Commercial Banks and
U.S. Branches and Agencies of Foreign Banks
(FR 2644).
(2) For U.S. branches and agencies of foreign (nonU.S.) banks, the FR 2046 corresponds to the
Report of Assets and Liabilities of U.S. Branches
and Agencies of Foreign Banks (FFIEC 002), with
one major difference: the FR 2046 collects data
on the branch or agency excluding its own IBF.
With the IBF exclusion, the FR 2046 is comparable to the Weekly Report of Selected Assets and
Liabilities of Domestically Chartered Commercial
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Banks and U.S. Branches and Agencies of Foreign
Banks (FR 2644).
(3) For credit unions, the FR 2046 corresponds to the
Financial and Statistical Report (NCUA 5300).
Any FR 2046 respondent that does not file one of the
above condition reports should contact its Federal
Reserve Bank for instructions.

Frequency
For primary and secondary credit borrowers, this
report is filed as requested by the Federal Reserve
Bank. Each weekly report covers five business days of
data for the week ending on Wednesday.
For seasonal credit borrowers, this report is filed
weekly for any two-week reporting period in which
borrowing was outstanding on one or more days. The
Federal Reserve Bank will indicate the dates for which
the report is required. Each weekly report covers
Wednesdays-only data.

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

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

Item Definitions
In general, definitions of items on the FR 2046 correspond to item definitions on the institution’s condition
report cited above. A table that indicates the item-bytem relationships between the FR 2046 and the appropriate condition report accompanies these instructions.
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For those items that correspond exactly to items on the
condition reports, definitions are not repeated in these
instructions. For such definitions, please refer to the
instructions for preparation of the appropriate condition report. For credit union filers of the
NCUA 5300, Items 2 and 6 on the FR 2046 do not correspond to condition report items and specific instructions are provided below under “Supplementary
Instructions.” (These instructions also may be used as
an overview by U.S. commercial banks and U.S.
branches and agencies of foreign banks, with full
details provided in the instructions for their respective
condition reports.)

Supplementary Instructions (for credit
union filers of the NCUA Form 5300)
Provided below are instructions for Item 2, Federal
funds sold and resale agreements, and Item 6, Federal
funds purchased and repurchase agreements. Definitions of certain terms used in these instructions follow.
Item 2. Federal funds sold and resale agreements (or
“reverse repurchase agreements”) (asset item). Report
the dollar amount outstanding of:
(1) Immediately-available funds lent under agreements or contracts that have an original maturity
of one business day or roll over under a continuing
contract, regardless of the nature of the transaction or the collateral involved (that is, whether
unsecured, secured, or involving a resale agreement in securities, loans, or any other instruments), excluding overnight lending for commercial and industrial purposes.
This includes sales of “federal funds,” securities
purchased under agreements to resell, and other
assets purchased under agreements to resell, that
involve the receipt of immediately-available funds
and mature in one business day or roll over under
a continuing contract.
(2) Securities purchased under agreements to resell
that mature in more than one business day.
(3) Purchases of participations in pools of securities,
regardless of maturity.
Exclude from Item 2:
(1) Sales of “term” federal funds, that is, those with
maturities of more than one business day.
FR 2046

Instructions

(2) Due bills representing purchases of securities or
other assets by the reporting institution that have
not yet been delivered and similar instruments,
whether collateralized or uncollateralized.
(3) Resale agreements that mature in more than one
business day involving assets other than securities.
(4) Yield maintenance dollar repurchase agreements
(also called “dollar rolls”).
(5) Sales of assets.
Item 6. Federal funds purchased and repurchase agreements (exclude Federal Reserve Bank (FRB) borrowings) (liability item).

(4) So-called yield maintenance dollar repurchase
agreements (also called “dollar rolls”).
(5) Purchases of assets.
(6) Discount window borrowings and similar
advances from a Federal Reserve Bank, advances
from a Federal Home Loan Bank, and advances
from the NCUA Central Liquidity Facility.
(Please note, however, that repurchase agreements
with these institutions are included in Item 6 if
they meet the criteria stipulated in the inclusion
list above.)

Report the dollar amount outstanding of:

Definitions of Terms

(1) Immediately-available funds borrowed under
agreements or contracts that have an original
maturity of one business day or roll over under a
continuing contract, regardless of the nature of
the transaction or the collateral involved (that is,
whether unsecured, secured, or involving a repurchase agreement in securities, loans, or any other
instruments).

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

This includes purchases of so-called “federal
funds,” securities sold under agreements to repurchase, and other assets sold under agreements to
repurchase, that involve the receipt of
immediately-available funds and mature in one
business day or roll over under a continuing
contract.
(2) Securities sold under agreements to repurchase
that mature in more than one business day.
(3) Sales of participations in pools of securities,
regardless of maturity.
Exclude from Item 6:
(1) Purchases of “term” federal funds, that is, those
with maturities of more than one business day.
(2) Due bills created representing the reporting institution’s receipt of payment and similar instruments, whether collateralized or uncollateralized.
(3) Repurchase agreements that mature in more than
one business day involving assets other than
securities.
FR 2046

Repurchase/resale agreements. A repurchase agreement
is a transaction involving the ‘‘sale” of financial assets
by one party to another, subject to an agreement by the
seller to repurchase the assets at a specified date or in
specified circumstances. A resale agreement (also
known as a reverse repurchase agreement) is a transaction involving the purchase of financial assets by one
party from another, subject to an agreement by the
purchaser to resell the assets at a specified date or in
specified circumstances. Repurchase/resale agreements
can involve U.S. government and federal agency securities, other securities, loans, and other assets.
Immediately-available funds are funds that the purchaser can either use or dispose of on the same business day that the transaction giving rise to the receipt
or disposal of the funds is executed.
The borrowing or lending of immediately-available
funds is for one business day if the funds borrowed on
one business day are to be repaid or the transaction
reversed on the next business day—that is, if
immediately-available funds borrowed today are to be
repaid tomorrow (in tomorrow’s immediately-available
funds). Such transactions include those made on a Friday to mature or be reversed the following Monday
and those made on the last business day prior to a holiday (for either or both parties to the transaction) to
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Instructions

mature or be reversed on the first business day following the holiday.
A continuing contract is a contract or agreement that
remains in effect for more than one business day but

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has no specified maturity and does not require advance
notice of either party to terminate. Such contracts may
also be known as rollovers or as open-ended
agreements.

FR 2046

Instructions

Comparison Table for U.S. Commercial Banks and Savings Associations
(and other institutions filing the FFIEC 031, 041 and 051.)
Consolidated Reports of Condition and Income
FR 2046 item
1. Total securities

FFIEC 031
Schedule RC – Balance
Sheet, Assets, Domestic
office part of:
+ Held-to-maturity
securities, Item 2.a
+ Available-for-sale
securities, Item 2.b
+ Equity securities with
readily determinable fair
values not held for
trading, Item 2.c

FFIEC 041

FFIEC 051

Schedule RC – Balance
Sheet, Assets:

Schedule RC – Balance
Sheet, Assets:

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

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

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

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

+ Equity securities with
readily determinable fair
values not held for
trading, item 2.c

+ Equity securities with
readily determinable fair
values not held for
trading, Item 2.c

+ Trading assets, Item 5

+ Trading assets, Item 5

+ Trading assets, Item 5
2. Federal funds
sold and resale
agreements

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

3. Total loans1

FR 2046

Schedule RC-C – Assets,
Loans and Lease Financing
Receivables, Part I. Loans
and Leases. Total loans and
leases, held for investment
and held for sale,
Column B, Item 12

Schedule RC – Balance
Sheet, Assets:

Schedule RC - Balance
Sheet, Assets:

+ Federal funds sold,
Item 3.a

+ Federal funds sold,
Item 3.a

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

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

Schedule RC-C – Assets,
Loans and Lease Financing
Receivables, Part I. Loans
and Leases. Total loans and
leases, held for investment
and held for sale,
Column B, Item 12

Schedule RC-C – Loans and
Lease Financing
Receivables, Part I. Loans
and Leases. Total loans and
leases, held for investment
and held for sale, Item 12

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Consolidated Reports of Condition and Income
FR 2046 item
4. Total assets

FFIEC 031

FFIEC 041

FFIEC 051

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

Schedule RC – Balance
Sheet, Assets, Total assets,
Item 12

Schedule RC – Balance
Sheet, Assets, Total Assets,
Item 12

+ Net due from own
foreign offices, Edge and
agreement subsidiaries,
and IBFs, Item 6
+ Total assets (excludes
net due from own foreign
offices, Edge and
agreement subsidiaries
and IBFs), Item 8
5. Total deposits

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

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

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

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

Liabilities:

Schedule RC – Balance
Sheet, Liabilities:

Schedule RC – Balance
Sheet, Liabilities:

1

+ Schedule RC – Balance
Sheet, Federal funds
purchased in domestic
offices, Item 14.a
+ Schedule RC-H –
Selected Balance Sheet
Items for Domestic
Offices, Securities sold
under agreements to
repurchase, Item 4

+ Federal funds
purchased, Item 14.a

+ Federal funds purchased,
Item 14.a

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

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

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

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FR 2046

Instructions

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

FR 2046 item
1. Total securities

Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks
(FFIEC 002) (excluding IBFs as noted above)
Schedule RAL – Assets and Liabilities
Assets, Claims on nonrelated parties:
Claims on nonrelated parties:
+ U.S. Treasury securities, Item 1.b.(1)
+ U.S. government agency obligations, Item 1.b.(2)
+ Securities of foreign governments and official institutions, Item 1.c.(1), Column A
minus Column B
+ Mortgage-backed securities issued or guaranteed by U.S. government agencies,
Item 1.c.(2)(a), Column A minus Column B
+ Other mortgage-backed securities, Item 1.c.(2)(b), Column A minus Column B
+ Other asset-backed securities, Item 1.c.(3), Column A minus Column B
+ All other bonds, notes, debentures, and corporate stock (including state and local
securities), Item 1.c.(4), Column A minus Column B
Trading Assets:
+ U.S. Treasury and Agency securities, Item 1.f.(1), Column A minus Column B
+ Mortgage-backed securities issued or guaranteed by U.S. government agencies,
Item 1.f.(2)(a), Column A minus Column B
+ Other mortgage-backed securities, Item 1.f.(2)(b), Column A minus Column B
+ Other asset-backed securities, Item 1.f.(3), Column A minus Column B
+ Other securities, Item 1.f.(4), Column A minus Column B
+ Other trading assets, Item 1.f.(5), Column A minus Column B

2. Federal funds
sold and resale
agreements

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

FR 2046

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Instructions

FR 2046 item

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

3. Total loans

Assets, Loans and leases, held for investment and held for sale, Item 1.e, Column A minus
Column B

4. Total assets

Assets, Total assets, Item 3, Column A minus Column B

5. Total deposits

Liabilities, Liabilities to unrelated parties, Total deposits and credit balances, Item 4.a,
Column A minus Column B

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

Liabilities, Liabilities to nonrelated parties, Federal Funds purchased and securities sold
under agreements to repurchase:
+ Federal funds purchased with commercial banks in the U.S., Item 4.b.(1)(a), Column A
minus Column B
+ Federal funds purchased with others, Item 4.b.(1)(b), Column A minus Column B
+ Securities sold under agreements to repurchase with commercial banks in the U.S.,
Item 4.b.(2)(a), Column A minus Column B
+ Securities sold under agreements to repurchase with others, Item 4.b.(2)(b),
Column A minus Column B

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FR 2046

Instructions

Comparison Table for Credit Unions
FR 2046 item
1. Total securities

Financial and Statistical Report (NCUA 5300)
Statement of Financial Condition, Assets, Investments:
+ Trading Securities, Item 4, column E
+ Available-for-Sale Securities, Item 5, column E
+ Held-to-Maturity Securities, Item 6, column E

2. Federal funds sold and resale agreements See specific instructions.
3. Total loans

Statement of Financial Condition, Assets, Loans and Leases,
Total Loans & Leases, Item 19, amount

4. Total assets

Statement of Financial Condition, Assets, Other Assets: Total
Assets, Item 28

5. Total deposits

Statement of Financial Condition, Liabilities, Shares/Deposits,
Total Shares and Deposits, Item 19, column C

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

See specific instructions.

FR 2046

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