Consolidated Report of Condition and Income (Call Report) for a Bank with Domestic Offices Only - FFIEC 041

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Instructions for Preparation of
Consolidated Reports of Condition and Income

FFIEC 031 and FFIEC 041

Updated March 2025

FFIEC 031 and 041

CONTENTS

Instructions for Preparation of
Consolidated Reports of Condition and Income
(FFIEC 031 and 041)
CONTENTS
GENERAL INSTRUCTIONS
Who Must Report on What Forms

1

Eligibility to File the FFIEC 051

2

Close of Business

2

Frequency of Reporting

3

Differences in Detail of Reports

4

Shifts in Reporting Status

6

Organization of the Instruction Book

8

Preparation of the Reports

8

Signatures

9

Electronic Signatures

9

Chief Financial Officer Declaration

9

Director Attestation

9

Submission of the Reports

9

Submission Date

10a

Amended Reports

10a

Retention of Reports

10a

Scope of the "Consolidated Bank" Required to be Reported
in the Submitted Reports

10b

Exclusions from the Coverage of the Consolidated Report

11

Rules of Consolidation

12

Reporting by Type of Office

13

Publication Requirements for the Consolidated Report of Condition

13

Release of Individual Bank Reports

14

Applicability of U.S. Generally Accepted Accounting Principles to
Regulatory Reporting Requirements

14

Subsequent Events

15

Accrual Basis Reporting

16

Miscellaneous General Instructions

16

Rounding

16

Negative Entries

17

Verification

17

Transactions Occurring Near the End of a Reporting Period

18

Separate Branch Reports

18

Legal Entity Identifier

18

FFIEC 031 and 041

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LINE ITEM INSTRUCTIONS FOR THE CONSOLIDATED REPORT OF INCOME
Schedule RI – Income Statement

RI-1

Schedule RI-A – Changes in Equity Capital

RI-A-1

Schedule RI-B – Charge-offs and Recoveries and Changes in Allowances
for Credit Losses
Part I. Charge-offs and Recoveries on Loans and Leases

RI-B-1

Part II. Changes in Allowances for Credit Losses

RI-B-7

Schedule RI-C – Disaggregated Data on the Allowance for Loan and
Lease Losses
Part I. Disaggregated Data on the Allowance for Loan and Lease Losses RI-C-1
Part II, Disaggregated Data on Allowances for Credit Losses

RI-C-3

Schedule RI-D – Income from Foreign Offices (FFIEC 031 only)

RI-D-1

Schedule RI-E – Explanations

RI-E-1

LINE ITEM INSTRUCTIONS FOR THE CONSOLIDATED REPORT OF CONDITION
Schedule RC – Balance Sheet

RC-1

Schedule RC-A – Cash and Balances Due from Depository Institutions

RC-A-1

Schedule RC-B – Securities

RC-B-1

Schedule RC-C – Loans and Lease Financing Receivables
Part I. Loans and Leases

RC-C-1

Part II. Loans to Small Businesses and Small Farms

RC-C-37

Schedule RC-D – Trading Assets and Liabilities

RC-D-1

Schedule RC-E – Deposit Liabilities

RC-E-1

Schedule RC-F – Other Assets

RC-F-1

Schedule RC-G – Other Liabilities

RC-G-1

Schedule RC-H – Selected Balance Sheet Items for Domestic Offices
(FFIEC 031 only)

RC-H-1

Schedule RC-I – Assets and Liabilities of IBFs (FFIEC 031 only)

RC-I-1

Schedule RC-K – Quarterly Averages

RC-K-1

Schedule RC-L – Derivatives and Off-Balance Sheet Items

RC-L-1

Schedule RC-M – Memoranda

RC-M-1

Schedule RC-N – Past Due and Nonaccrual Loans, Leases, and
Other Assets

RC-N-1

Schedule RC-O – Other Data for Deposit Insurance Assessments

RC-O-1

Schedule RC-P – 1-4 Family Residential Mortgage Banking Activities

RC-P-1

Schedule RC-Q – Assets and Liabilities Measured at Fair Value on a
Recurring Basis

RC-Q-1

Schedule RC-R – Regulatory Capital

RC-R-1

FFIEC 031 and 041

Part I. Regulatory Capital Components and Ratios

RC-R-2

Part II. Risk-Weighted Assets

RC-R-61

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CONTENTS

LINE ITEM INSTRUCTIONS FOR THE CONSOLIDATED REPORT OF CONDITION (cont.)
Schedule RC-S – Servicing, Securitization, and Asset Sale Activities

RC-S-1

Schedule RC-T – Fiduciary and Related Services

RC-T-1

Schedule RC-V – Variable Interest Entities

RC-V-1

Optional Narrative Statement Concerning the Amounts Reported in
the Consolidated Reports of Condition and Income

RC-X-1

GLOSSARY
Accounting Changes

A-1

Accrued Interest Receivable

A-3

Accrued Interest Receivable Related to Credit Card Securitizations

A-4

Acquisition, Development, or Construction (ADC) Arrangements

A-5

Allowances for Credit Losses

A-6

Amortized Cost Basis

A-11

Bankers Acceptances

A-11

Bank-Owned Life Insurance

A-14

Banks, U.S. and Foreign

A-15

Borrowings and Deposits in Foreign Offices

A-17

Brokered Deposits

A-17

Broker's Security Draft

A-19

Business Combinations

A-19

Capital Contributions of Cash and Notes Receivable

A-23

Capitalization of Interest Costs

A-25

Cash Management Arrangements

A-25

Commercial Paper

A-26

Commodity or Bill-of-Lading Draft

A-26

Coupon Stripping, Treasury Receipts, and STRIPS

A-27

Custody Account

A-27

Dealer Reserve Account

A-27

Debt Issuance Costs

A-28

Deferred Compensation Agreements

A-28

Defined Benefit Postretirement Plans

A-30

Depository Institutions in the U.S.

A-31

Deposits

A-31

Derivative Contracts

A-41

Dividends

A-47

Domestic Office

A-47

Domicile

A-48

FFIEC 031 and 041

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GLOSSARY (cont.)
Due Bills

A-48

Edge and Agreement Corporation

A-48

Equity-Indexed Certificates of Deposit

A-48

Equity Method of Accounting

A-50

Excess Balance Account

A-51

Extinguishments of Liabilities

A-52

Fails

A-52

Fair Value

A-52

Federal Funds Transactions

A-53

Federally-Sponsored Lending Agency

A-54

Foreclosed Assets

A-54

Foreign Currency Transactions and Translation

A-61

Foreign Debt Exchange Transactions

A-62

Foreign Governments and Official Institutions

A-63

Foreign Office

A-64

Goodwill

A-64

Hypothecated Deposit

A-67

Income Taxes

A-68

Internal-Use Computer Software

A-75

International Banking Facility (IBF)

A-76

Lease Accounting

A-78

Letter of Credit

A-86

Loan

A-87

Loan Fees

A-88

Loan Modifications to Borrowers Experiencing Financial Difficulty

A-90

Loan Secured by Real Estate

A-90b

Loss Contingencies

A-91

Mandatory Convertible Debt

A-91

Nonaccrual status

A-93

Offsetting

A-96

Overdraft

A-98

Pass-through Reserve Balances

A-98

Placements and Takings

A-99

Preferred Stock

A-99

Premiums and Discounts

A-100

Private Company

A-101

Public Business Entity

A-101

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CONTENTS

GLOSSARY (cont.)
Purchased Credit-Deteriorated Assets

A-102

Reciprocal Balances

A-105

Repurchase/Resale Agreements

A-105

Revenue from Contracts with Customers

A-108

Securities Activities

A-108

Securities Borrowing/Lending Transactions

A-112

Servicing Assets and Liabilities

A-113

Shell Branches

A-115

Short Position

A-115

Start-Up Activities

A-116

Subordinated Notes and Debentures

A-117

Subsidiaries

A-117

Suspense Accounts

A-118

Sweep Deposits

A-118

Syndications

A-118a

Trade Date and Settlement Date Accounting

A-118a

Trading Account

A-119

Transfers of Financial Assets

A-120

Treasury Stock

A-127

Trust Preferred Securities

A-127

U.S. Territories and Possessions

A-127

Valuation Allowance

A-128

Variable Interest Entity

A-128

When-Issued Securities Transactions

A-129

FFIEC 031 and 041

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FFIEC 031 and 041

GENERAL INSTRUCTIONS

GENERAL INSTRUCTIONS
Schedules RC and RC-A through RC-V constitute the FFIEC 031 and FFIEC 041 versions of the
Consolidated Report of Condition and its supporting schedules. Schedules RI and RI-A through RI-E
constitute the FFIEC 031 and FFIEC 041 versions of the Consolidated Report of Income and its
supporting schedules. The Consolidated Reports of Condition and Income are commonly referred to as
the Call Report. For purposes of these General Instructions, the Financial Accounting Standards Board
(FASB) Accounting Standards Codification is referred to as the “ASC.” In addition, a FASB Accounting
Standards Update is referred to as “ASU.”
Unless the context indicates otherwise, the term “bank” in the Call Report instructions refers to both
banks and savings associations.
WHO MUST REPORT ON WHAT FORMS
Every national bank, state member bank, insured state nonmember bank, and savings association is
required to file a consolidated Call Report normally as of the close of business on the last calendar day of
each calendar quarter, i.e., the report date. The specific reporting requirements for a bank depend upon
the size of the bank, whether it has any "foreign" offices, and the capital standards applicable to the bank.
Banks must file the appropriate report form as described below:
(1) BANKS WITH FOREIGN OFFICES: Banks of any size that have any "foreign" offices (as defined
below) must file quarterly the Consolidated Reports of Condition and Income for a Bank with
Domestic and Foreign Offices (FFIEC 031). For purposes of these reports, all of the following
constitute "foreign" offices:
(a) An International Banking Facility (IBF);
(b) A branch or consolidated subsidiary in a foreign country; and
(c) A majority-owned Edge or Agreement subsidiary.
In addition, for banks chartered and headquartered in the 50 states of the United States and the
District of Columbia, a branch or consolidated subsidiary in Puerto Rico or a U.S. territory or
possession is a “foreign” office. However, for purposes of these reports, a branch at a U.S. military
facility located in a foreign country is a "domestic" office.
(2) BANKS WITHOUT FOREIGN OFFICES: Banks that have domestic offices only must file quarterly:
(a) The Consolidated Reports of Condition and Income for a Bank with Domestic and Foreign Offices
(FFIEC 031) if the bank:
(i) Is an advanced approaches institutions for regulatory capital purposes,1 regardless of
asset size; or

1 An advanced approaches institution as defined in the federal supervisor’s regulatory capital rules is (i) a subsidiary

of a global systemically important bank holding company, as identified pursuant to 12 CFR 217.402; (ii) a Category II
institution; (iii) a subsidiary of a depository institution that uses the advanced approaches pursuant to subpart E of
12 CFR part 3 (OCC), 12 CFR part 217 (Board), or 12 CFR part 324 (FDIC) to calculate its risk-based capital
requirements; (iv) a subsidiary of a bank holding company or savings and loan holding company that uses the
advanced approaches pursuant to subpart E of 12 CFR part 217 to calculate its risk-based capital requirements; or
(v) an institution that elects to use the advanced approaches to calculate its risk-based capital requirements.
Category II institutions include institutions that have (1) at least $700 billion in total consolidated assets or (2) at
least $75 billion in cross-jurisdictional activity and at least $100 billion in total consolidated assets. In addition,
depository institution subsidiaries of Category II institutions are considered Category II institutions.

FFIEC 031 and 041

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FFIEC 031 and 041

GENERAL INSTRUCTIONS

(ii) Has total consolidated assets of $100 billion or more,1 including a bank of this size that is
subject to Category III capital standards2;
(b) The Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only
(FFIEC 041) if the bank has total consolidated assets less than $100 billion, including a bank of
this size that is subject to Category III capital standards, but excluding a bank of this size that is
an advanced approaches institution; or
(c) The Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only and
Total Assets Less than $5 Billion (FFIEC 051) subject to the eligibility criteria discussed below,
as appropriate to the reporting institution. An institution eligible to file the FFIEC 051 report may
choose instead to file the FFIEC 041 report.
For banks chartered and headquartered in Puerto Rico or a U.S. territory or possession, a branch
or consolidated subsidiary in one of the 50 states of the United States, the District of Columbia,
Puerto Rico, or a U.S. territory or possession is a "domestic" office.
For those institutions filing the FFIEC 051, a separate instruction book covers this report form. Please
refer to this separate instruction book for the General Instructions for the FFIEC 051 report form.
Eligibility to File the FFIEC 051
Institutions with domestic offices only and total assets less than $5 billion, excluding (1) those that are
advanced approaches institutions or are subject to Category III capital standards for regulatory capital
purposes and (2) those that are large or highly complex institutions for deposit insurance assessment
purposes,3 are eligible to file the FFIEC 051 Call Report. An institution’s total assets are measured as of
June 30 each year to determine the institution’s eligibility to file the FFIEC 051 beginning in March of the
following year. Institutions are expected to file the same report form, either the FFIEC 051 or the
FFIEC 041, for each quarterly report date in a given year.
For an institution otherwise eligible to file the FFIEC 051, the institution’s primary federal regulatory
agency, jointly with the state chartering authority, if applicable, may require the institution to file the
FFIEC 041 instead based on supervisory needs. In making this determination, the appropriate agency
may consider criteria including, but not limited to, whether the eligible institution is significantly engaged in
one or more complex, specialized, or other higher risk activities, such as those for which limited
information is reported in the FFIEC 051 compared to the FFIEC 041 (trading; derivatives; mortgage
banking; fair value option usage; servicing, securitization, and asset sales; and variable interest entities).
The agencies anticipate making such determinations only in a limited number of cases.
Close of Business
The term "close of business" refers to the time established by the reporting bank as the cut-off time for
receipt of work for posting transactions to its general ledger accounts for that day. The time designated
as the close of business should be reasonable and applied consistently. The posting of a transaction to
the general ledger means that both debit and credit entries are recorded as of the same date. In addition,
entries made to general ledger accounts in the period subsequent to the close of business on the report
date that are applicable to the period covered by the Call Report (e.g., adjustments of accruals, posting of
1 The $100 billion asset-size test is based on the total assets reported as of June 30 each year to determine whether

the institution must file the FFIEC 031 report form beginning in March of the following year.

2 Category III institutions include institutions, which are not advanced approaches institutions, that have (1) at least

$250 billion in average total consolidated assets or (2) at least $100 billion in average total consolidated assets and at
least $75 billion in average total nonbank assets, average weighted short-term wholesale funding, or average
off-balance sheet exposure. In addition, depository institution subsidiaries of Category III institutions are considered
Category III institutions.
3 See 12 CFR § 327.8 and 12 CFR § 327.16(f).
FFIEC 031 and 041

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FFIEC 031 and 041

GENERAL INSTRUCTIONS

items held in suspense on the report date to their proper accounts, and other quarter-end adjusting
entries) should be reported in the Call Report as if they had actually been posted to the general ledger at
or before the cut-off time on the report date.
With respect to deposits received by the reporting bank after the cut-off time for posting them to individual
customer accounts for a report date (i.e., so-called "next day deposits" or "late deposits"), but which are
nevertheless posted in any manner to the reporting bank's general ledger accounts for that report date
(including, but not limited to, through the use of one or more general ledger contra accounts), such
deposits must be reported in Schedule RC-O, Other Data for Deposit Insurance Assessments, item 1,
and may also be reported in Schedule RC, Balance Sheet, item 13, “Deposits,” and Schedule RC-E,
Deposit Liabilities. However, the use of memorandum accounts outside the reporting bank's general
ledger system for control over "next day" or "late deposits" received on the report date does not in and of
itself make such deposits reportable in Schedule RC-O and Schedules RC and RC-E.
Frequency of Reporting1
Each institution is required to submit a Call Report quarterly as of the report date. However, for banks
with fiduciary powers, the reporting frequency for Schedule RC-T, Fiduciary and Related Services,
depends on their total fiduciary assets and their gross fiduciary and related services income. Banks with
total fiduciary assets greater than $250 million (as of the preceding December 31) or with gross fiduciary
and related services income greater than 10 percent of revenue (net interest income plus noninterest
income) for the preceding calendar year must complete the applicable items of Schedule RC-T quarterly.
All other banks with fiduciary powers must complete the applicable items of Schedule RC-T annually as of
the December 31 report date.
Schedule RC, Memorandum item 1, on the level of external auditing work performed for the bank, and
Memorandum item 2, on the bank’s fiscal year-end date, are to be reported annually as of the March 31
report date.
In addition, the following items are to be completed annually as of the December 31 report date by all
institutions filing the FFIEC 031 and FFIEC 041:
(1) Schedule RC-E, Memorandum item 1.e, "Preferred deposits";
(2) Schedule RC-C, Memorandum items 15.a through 15.c, and Schedule RC-L, item 1.a.(1), on reverse
mortgages;
(3) Schedule RC-M, item 9, “Do any of the bank’s Internet websites have transactional capability, i.e.,
allow the bank’s customers to execute transactions on their accounts through the website?”; and
(4) Schedule RC-M, items 14.a and 14.b, on assets of captive insurance and reinsurance subsidiaries.
The following items are to be reported semiannually as of the June 30 and December 31 report dates by
all institutions filing the FFIEC 031 and FFIEC 041:
(1) Schedule RC-B, Memorandum item 3, “Amortized cost of held-to-maturity securities sold or
transferred to available-for-sale or trading securities during the calendar year-to-date”;
(2) Schedule RC-C, Part I, Memorandum items 8.a, 8.b, and 8.c, and Schedule RI, Memorandum
item 12, on closed-end 1-4 family residential mortgage loans with negative amortization features;

1
The reporting frequency for particular schedules and data items differs on the three versions of the Call Report.
Please see the General Instructions for the FFIEC 051 for a listing of data items reported less frequently than
quarterly on that report form.

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FFIEC 031 and 041

GENERAL INSTRUCTIONS

(3) Schedule RC-C, Part I, Memorandum item 12, columns A through C, “Loans (not considered
purchased credit-deteriorated) and leases held for investment that were acquired in business
combinations with acquisition dates in the current calendar year”;
(4) Schedule RC-L, items 1.b.(1) and 1.b.(2), on unused credit card lines;
(5) Schedule RC-L, items 11.a and 11.b, on year-to-date merchant credit card sales volume;
(6) Schedule RC-N, Memorandum items 7 and 8, on additions to and sales of nonaccrual assets during
the previous six months; and
In addition, in Schedule RC-M, information on “International remittance transfers offered to consumers,” is
to be provided in item 16.a and, if appropriate, in items 16.b.(1) through 16.b.(3) annually as of the
December 31 report date.
Differences in Detail of Reports
The amount of detail required to be reported varies between the three versions of the Call Report forms,
with the report form for banks with foreign offices or with total consolidated assets of $100 billion or more
(FFIEC 031) having more detail than the report form for banks with domestic offices only and total
consolidated assets of less than $100 billion (FFIEC 041). The report form for banks with domestic
offices only and total assets less than $5 billion (FFIEC 051) has the least amount of detail of the three
reports.
Furthermore, as discussed below under Shifts in Reporting Status, the amount of detail also varies within
each report form, primarily based on the size of the bank. See the General Instructions section of the
instruction book for the FFIEC 051 for information on the differences in the level of detail within the
FFIEC 051 report form.
Differences in the level of detail within both the FFIEC 031 and FFIEC 041 report forms are as follows:
(1) Banks that reported closed-end loans with negative amortization features secured by 1-4 family
residential properties in Schedule RC-C, part I, Memorandum item 8.a, as of the preceding
December 31 that exceeded the lesser of $100 million or 5 percent of total loans and leases held for
investment and held for sale (in domestic offices) must report certain information about these loans in
Schedule RC-C, part I, Memorandum items 8.b and 8.c.
(2) Banks that reported construction, land development, and other land loans (in domestic offices) in
Schedule RC-C, part I, item 1.a, column B, that exceeded 100 percent of total capital as of the
preceding December 31 must report certain information on loans in this loan category with interest
reserves in Schedule RC-C, part I, Memorandum items 13.a and 13.b.
(3) Banks that reported total trading assets of $10 million or more in any of the four preceding quarters or
meet the FDIC’s definition or a large or highly complex institution for deposit insurance assessment
purposes must complete Schedule RC-D, Trading Assets and Liabilities, items 1 through 15 and
Memorandum item 1; Schedule RC-O, Other Data for Deposit Insurance Assessments, Memorandum
item 5, “Applicable portion of the CECL transitional amount or modified CECL transitional amount that
has been added to retained earnings for regulatory capital purposes as of the current report date and
is attributable to loans and leases held for investment,” as well as Schedule RC-K, item 7, for the
quarterly average of “Trading assets.” In addition, on the FFIEC 031 report only, banks that reported
total trading assets of $10 billion or more as of June 30 of the preceding year must complete
Memorandum items 2 through 10 of Schedule RC-D.

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(4) On the FFIEC 031 report only, banks that reported total trading assets of $10 million or more for any
quarter of the preceding calendar year must provide a breakdown of their trading revenue by risk
exposure in Schedule RI, Memorandum items 8.a through 8.e. In addition, on the FFIEC 031 report
only, banks with $100 billion or more in total assets that are required to complete Memorandum
items 8.a through 8.e must report the impact on trading revenue of certain changes in
creditworthiness in Schedule RI, Memorandum items 8.f through 8.h.
(5) Banks that reported 501 or more international remittance transfers in Schedule RC-M, item 16.a, in
either or both of the current report or the prior December report in which item 16.a was required to be
completed must report certain additional information on their international remittance transfer
activities during the calendar year ending on the report date in Schedule RC-M, items 16.b.(1),
16.b.(2), and 16.b.(3).
(6) Banks at which (a) closed-end and open-end first lien and junior lien 1-4 family residential mortgage
loan originations and purchases for resale from all sources during a calendar quarter, or (b) closedend and open-end first lien and junior lien 1-4 family residential mortgage loan sales during a
calendar quarter, or (c) closed-end and open-end first lien and junior lien 1-4 family residential
mortgage loans held for sale at calendar quarter-end exceed $10 million for two consecutive quarters
must complete Schedule RC-P, 1-4 Family Residential Mortgage Banking Activities, beginning the
second quarter and continue to complete the schedule through the end of the calendar year.
(7) Banks that have elected to report financial instruments or servicing assets and liabilities at fair value
under a fair value option with changes in fair value recognized in earnings or are required to complete
Schedule RC-D, Trading Assets and Liabilities, must complete Schedule RC-Q, Assets and Liabilities
Measured at Fair Value on a Recurring Basis.
(8) Banks that are advanced approaches institutions or are subject to Category III capital standards,
as defined in the agencies’ regulatory capital rules, must complete certain additional items in
Schedule RC-R, Regulatory Capital.
(9) Banks servicing more than $10 million in financial assets other than closed-end 1-4 family residential
mortgages must report the volume of such servicing in Schedule RC-S, Memorandum item 2.c.
(10) Banks with total fiduciary assets greater than $250 million (as of the preceding December 31) or
with gross fiduciary and related services income greater than 10 percent of revenue (net interest
income plus noninterest income) for the preceding calendar year must report information on their
fiduciary and related services income in Schedule RC-T. In addition, banks with total fiduciary assets
greater than $100 million (as of the preceding December 31) or that meet the fiduciary income test
for the preceding calendar year must report information on fiduciary settlements and losses in
Schedule RC-T.
(11) Banks with collective investment funds and common trust funds with a total market value of
$1 billion or more as of the preceding December 31 must report a breakdown of these funds by type
of fund in Schedule RC-T, Memorandum items 3.a through 3.g, quarterly or annually, as appropriate.
(12) Banks that are “large institutions” or “highly complex institutions,” as defined for deposit insurance
assessment purposes in the FDIC’s regulations, which generally are banks that report total assets of
$10 billion or more for four consecutive quarters, must report additional data in Schedule RC-O,
Memorandum items 6 through 18.
(13) Banks with $10 billion or more in assets as of the preceding calendar year June 30 must report a
breakdown of loans to nondepository financial institutions (NDFIs) in Schedule RC-C, Part I,
Memorandum items 10.a through 10.e and unfunded commitments for these loans on Schedule RCL, items 1.e.(3)(a) through 1.e.(3)(e).
.

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In addition, within the FFIEC 031 report form, banks with total foreign office assets of $10 billion or more
whose foreign office assets, revenues, or net income account for more than 10 percent of the bank’s
consolidated total assets, total revenues, or net income must complete Schedule RI-D, Income from
Foreign Offices
Shifts in Reporting Status
All shifts in reporting status within the FFIEC 031 and the FFIEC 041 report forms (except as noted
below) are to begin with the March Call Report. Such a shift will take place only if the reporting bank's
total assets (or, in one case, loans) as reflected in the Consolidated Report of Condition for June of the
previous calendar year equal or exceed the following criteria:
(1) On the FFIEC 041 report form, when total assets equal or exceed $100 million, a bank must begin to
complete Schedule RC-K, item 13, for the quarterly average of "Other borrowed money."
(2) On the FFIEC 041 report form, when loans to finance agricultural production and other loans to
farmers exceed 5 percent of total loans and leases held for investment and held for sale at a bank
with less than $300 million in total assets, the bank must begin to report the following information for
these agricultural loans: interest and fee income, quarterly average, past due and nonaccrual loans,
charge-offs and recoveries, and, if certain additional criteria are met, troubled debt restructurings.
(3) On the FFIEC 041 report form, when total assets equal or exceed $300 million, a bank must begin to
complete:








Certain Memorandum items providing the following information on loans to finance agricultural
production and other loans to farmers: interest and fee income, quarterly average, past due and
nonaccrual loans, charge-offs and recoveries, and, if certain additional criteria are met, troubled
debt restructurings;
Certain items and Memorandum items providing some or all of the following information on loans
secured by real estate to non-U.S. addressees, specified categories of loans to depository
institutions and acceptances of other banks, commercial and industrial loans to U.S. and
non-U.S. addressees, and consumer and other lease financing receivables: quarter-end
amounts, past due and nonaccrual amounts, charge-offs and recoveries, and troubled debt
restructurings;
Schedule RC-A, Cash and Balances Due From Depository Institutions;
Schedule RC-L, items 1.b.(1) and (2), on credit card lines by type of customer;1 and
Schedule RI, Memorandum item 10, "Credit losses on derivatives."

1 In addition, a bank with less than $300 million in total assets must begin to complete these items when credit card

lines equal or exceed $300 million. These total asset and credit card line thresholds also apply to the FFIEC 031
report form.

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(4) On both the FFIEC 031 and FFIEC 041 report forms, when total assets equal or exceed $1 billion,
a bank must begin to complete:








Schedule RI, Memorandum item 2, “Income from the sale and servicing of mutual funds and
annuities (in domestic offices)”;
Schedule RI, Memorandum item 15, “Components of service charges on deposit accounts (in
domestic offices)” (if the bank answered “Yes” to Schedule RC-E, Memorandum item 5, which
asks whether the bank offers one or more consumer deposit account products);
Schedule RI-C, Disaggregated Data on the Allowances for Credit Losses;
Schedule RC-E, Memorandum items 6 and 7, on the amount of deposits in transaction and
nontransaction savings consumer deposit account products (if the bank answered “Yes” to
Schedule RC-E, Memorandum item 5, which asks whether the bank offers one or more consumer
deposit account products);
Schedule RC-L, items 2.a and 3.a, on financial and performance standby letters of credit
conveyed to others; and
Schedule RC-O, Memorandum item 2, “Estimated amount of uninsured deposits (in domestic
offices of the bank and in insured branches in Puerto Rico and U.S. territories and possessions),
including related interest accrued and unpaid.”

(5) On both the FFIEC 031 and FFIEC 041 report forms, when total assets equal or exceed $10 billion, a
bank must begin to complete:1





Schedule RI, Memorandum items 9.a and 9.b, on amounts of net gains (losses) on credit
derivatives;
Schedule RC-B, Memorandum item 5, which provides a breakdown of the bank’s holdings of
asset-backed securities, and Memorandum item 6, which provides a breakdown of the bank’s
holdings of structured financial products;
Schedule RC-L, item 16, which provides certain information about over-the-counter derivatives;
and
Schedule RC-S, item 6, “Amount of ownership (or seller’s) interests carried as securities or
loans,” item 10, “Reporting bank’s unused commitments to provide liquidity to other institutions’
securitization structures,” and Memorandum item 3, on credit enhancements and unused
commitments provided to “Asset-backed commercial paper conduits.”

(6) On the FFIEC 031 report form, when total assets equal or exceed $10 billion, a bank must begin to
complete Schedule RC-E, Part II, items 1 through 6, on the amount of deposits in foreign offices by
type of depositor.
(7) On the FFIEC 031 report form, when total assets equal or exceed $100 billion, a bank must begin to
complete Schedule RC-S, item 3, on unused commitments to provide liquidity to the bank’s
securitization structures.
Once a bank reaches the $100 million, $300 million, $1 billion, $10 billion, or $100 billion total asset
threshold or exceeds the agricultural loan percentage or credit card lines threshold and begins to report
the additional required information described above, it must continue to report the applicable additional
information in subsequent years unless its total assets, loan percentage, or credit card lines subsequently
fall to less than the applicable threshold for four consecutive quarters. In this case, the institution may cease

1 A bank with $10 billion or more in total assets would not begin to complete Schedule RC-O, Memorandum items 6

through 18, as applicable, until it becomes a “large institution” or a “highly complex institution,” as defined for deposit
insurance assessment purposes in the FDIC’s regulations. See 12 CFR § 327.8 and 12 CFR § 327.16(f).

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reporting the data items to which the threshold applies in the quarter after the four consecutive quarters in
which its total assets, agricultural loans, or credit card lines have fallen below the applicable threshold.
However, if the institution exceeds the threshold as of a subsequent June 30 report date, the data items
would again be required to be reported in March of the following year.
For example, if June 30, 2019, is the first June 30 as of which an institution reports $10 billion or more in
total assets, the institution must begin reporting the data items to which the $10 billion total assets
threshold applies as of the March 31, 2020, report date. If the institution reports less than $10 billion in
total assets each quarter-end from September 30, 2019, through June 30, 2020, it may cease reporting
the data items applicable to institutions with $10 billion or more in total assets beginning September 30,
2020. In contrast, if instead the institution reports $10 billion or more in total assets as of September 30
and December 31, 2019, but then reports less than $10 billion in total assets each quarter-end from
March 31, 2020, through December 31, 2020, it may cease reporting the data items applicable to
institutions with $10 billion or more in total assets beginning March 31, 2021.
Other shifts in reporting status occur when:
(1) A bank with domestic offices only establishes or acquires any "foreign" office. The bank must begin
filing the FFIEC 031 report form (Consolidated Reports of Condition and Income for a Bank with
Domestic and Foreign Offices) for the first quarterly report date following the commencement of
operations by the "foreign" office. However, a bank with "foreign" offices that divests itself of all its
"foreign" offices must continue filing the FFIEC 031 report form through the end of the calendar year
in which the cessation of all operations of its "foreign" offices was completed.
(2) An institution is involved in a business combination, a transaction between entities under common
control, or a branch acquisition that is not a business combination. Beginning with the first quarterly
report date following the effective date of such a transaction involving an institution and one or more
other depository institutions, the resulting institution, regardless of its size prior to the transaction,
must (a) file the FFIEC 031 report form if it acquires any "foreign" office or has total consolidated
assets of $100 billion or more, and (b) report the additional required information described above on
the FFIEC 031 report form or the FFIEC 041 report form, as appropriate, if, after the consummation of
the transaction, its consolidated total assets surpass the total asset thresholds, it exceeds the credit
card lines threshold, or on the FFIEC 041 report form, it exceeds the agricultural loan percentage.
(3) An institution that files the FFIEC 051 report form becomes an advanced approaches institution for
regulatory capital purposes. The institution must begin filing the FFIEC 031 report form for the first
quarterly report date after the date it becomes such an institution.
(4) An institution that files the FFIEC 051 report form becomes a Category III institution for regulatory
capital purposes or a large or highly complex institution for deposit insurance assessment
purposes. The institution must begin filing the FFIEC 041 report form for the first quarterly report date
after the date it becomes such an institution (unless it establishes or acquires a “foreign office” in the
same quarter that it becomes such an institution, in which case the institution must begin filing the
FFIEC 031 report form for that first quarterly report date).
In addition, beginning with the first quarterly report date after an operating depository institution that was
not previously a member of the Federal Deposit Insurance Corporation (FDIC) becomes an FDIC-insured
institution, it must file (a) the FFIEC 031 report form if it has any "foreign" office or has total consolidated
assets of $100 billion or more at the time it becomes FDIC-insured, (b) the FFIEC 041 report form if it has
total consolidated assets of less than $100 billion at the time it becomes FDIC-insured, including the
additional required information described above on the FFIEC 041 report form based on its total assets,
credit card lines, and agricultural loans at the time it becomes FDIC-insured, or (c) the FFIEC 051 report
form if it is eligible to, and chooses to, file this report form, including certain additional required information
based on its total assets and agricultural loans at the time it becomes FDIC-insured.

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ORGANIZATION OF THE INSTRUCTION BOOK
This instruction book covers both the FFIEC 031 and FFIEC 041 report forms.1 It is divided into the
following sections:
(1) The General Instructions describe overall reporting requirements.
(2) The Line Item Instructions for each schedule of the Consolidated Report of Income.
(3) The Line Item Instructions for each schedule of the Consolidated Report of Condition.
The instructions and definitions in sections (2) and (3) are not necessarily self-contained; reference to
more detailed treatments in the Glossary may be needed.
(4) The Glossary presents, in alphabetical order, definitions and discussions of accounting and reporting
issues and other topics that require more extensive treatment than is practical to include in the line
item instructions or that are relevant to several line items or to the overall preparation of these
reports. The Glossary is not, and is not intended to be, a comprehensive discussion of the principles
of bank accounting or reporting.
In determining the required treatment of particular transactions or portfolio items or in determining the
definitions and scope of the various items, the General Instructions, the line item instructions, and the
Glossary (all of which are extensively cross-referenced) must be used jointly. A single section does not
necessarily give the complete instructions for completing all the items of the reports.
The instruction book for the FFIEC 031 and FFIEC 041 report forms is available on the Internet on the
FFIEC’s website (http://www.ffiec.gov/ffiec_report_forms.htm) and on the FDIC’s website
(https://www.fdic.gov/regulations/resources/call/call.html).
PREPARATION OF THE REPORTS
Banks are required to prepare and file the Call Report in accordance with these instructions. All reports
shall be prepared in a consistent manner.
The bank's financial records shall be maintained in such a manner and scope so as to ensure that the
Call Report can be prepared and filed in accordance with these instructions and reflect a fair presentation
of the bank's financial condition and results of operations.
Questions and requests for interpretations of matters appearing in any part of these instructions should
be addressed to the bank's primary federal bank supervisory agency (i.e., the Federal Reserve Banks,
the OCC, or the FDIC). Such inquiries will be referred for resolution to the Task Force on Reports of the
Federal Financial Institutions Examination Council (FFIEC). Regardless of whether a bank requests an
interpretation of a matter appearing in these instructions, when a bank's primary federal bank supervisory
agency's interpretation of the instructions differs from the bank's interpretation, the supervisory agency
may require the bank to prepare its Call Report in accordance with the agency's interpretation and to
amend previously submitted reports.

1 A separate instruction book covers the FFIEC 051 report form.

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SIGNATURES
Either the cover (signature) page of any agency-supplied sample set of report forms, a photocopy of this
cover page, or a copy of the cover page printed from the bank's report preparation software or from the
FFIEC’s or the FDIC’s Web site should be used to fulfill the signature and attestation requirement.
Chief Financial Officer Declaration
The chief financial officer of the bank (or the individual performing an equivalent function) shall sign a
declaration on the cover (signature) page attesting to the correctness of the Consolidated Reports of
Condition and Income that the bank has filed with the appropriate supervisory agency.
Director Attestation
National banks, state member banks, and savings associations – The correctness of the Consolidated
Reports of Condition and Income shall be attested to by at least three directors of the reporting bank,
other than the officer signing the chief financial officer declaration, as indicated on the cover (signature)
page.
State nonmember banks – The correctness of the Consolidated Reports of Condition and Income shall be
attested to by at least two directors of the reporting bank, other than the officer signing the chief financial
officer declaration, as indicated on the cover (signature) page.
SUBMISSION OF THE REPORTS
Each bank must file its Call Report data in one of the following two ways:
•

A bank may use computer software to prepare and edit its report data and then electronically submit
the data directly to the FFIEC’s Central Data Repository (CDR), an Internet-based system for data
collection (https://cdr.ffiec.gov/cdr/).

•

The institution may complete its report in paper form and arrange with a software vendor or another
party to convert its paper report into the electronic format that can be processed by the CDR. The
software vendor or other party then must electronically submit the institution’s Call Report data file to
the CDR.

The filing of a Call Report in paper form directly with the FDIC (for national banks, FDIC-supervised
banks, and savings associations) or with the appropriate Federal Reserve District Bank (for state member
banks) is not an acceptable method of submission.
Regardless of the method a bank uses to file its Call Report, the bank remains responsible for the
accuracy of the data in its Call Report. Banks are required to submit a Call Report by the submission
date (as defined below) that passes FFIEC-published validation criteria (validity edits and quality edits) or
that contains explanations for any quality edits that are not passed. These validation criteria are
published in advance of each quarter end. Specific “Guidelines for Resolving Edits” are available on the
FFIEC’s website (http://www.ffiec.gov/find/documents/resolvingedits.pdf).
In order to submit their completed reports to the CDR, banks (or third parties with whom they have made
submission arrangements) must use software that meets the technical specifications for producing files
that are able to be processed by the CDR. (These technical specifications are available on the FFIEC’s
website.) Vendors whose software has been successfully tested with regard to this ability are listed in
each quarter’s Financial Institution Letter for the Call Report. Alternatively, banks may develop their own
reporting software and test directly with the CDR.

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Submitted reports that are unable to be processed by the CDR, or that have not been adequately
validated by the bank, will be rejected and will require correction and resubmission. In either case, if such
resubmission is received by the CDR after the submission date for the report (as defined below), the
submitting bank may be subject to the penalties prescribed for late submission.
Each bank is responsible for ensuring that the data reported each quarter reflects fully and accurately the
data item reporting requirements for that report date, including any changes that may be made from time
to time. This responsibility cannot be transferred or delegated to software vendors, servicers, or others
outside the reporting bank.
A bank filing its Call Report with the CDR electronically or under the paper-based alternative must
maintain in its files a signed and attested record of its completed report each quarter. This record should
be either a computer printout showing at least the caption of each item in the Call Report and the
reported amount, a computer-generated facsimile of the report form, or a copy of the printed report form.
The signed cover page, as discussed under “Signatures” above, should be attached to the printout,
computer-generated facsimile, or copy of the form that the bank places in its files.
State banks should refer to their appropriate state bank supervisory authority for information concerning
state requirements for submitting copies of the Call Report filed with federal bank supervisory authorities.
Submission Date
The term "submission date" is defined as the date by which a bank's completed Call Report must be
received in electronic form by the CDR. Except as indicated below, the CDR must receive the data file
for a bank's Call Report, with all corrections made and all explanations provided consistent with the
“Guidelines for Resolving Edits” (http://www.ffiec.gov/find/documents/resolvingedits.pdf), no more than
30 calendar days after the report date. For example, the March 31 report must be received by April 30
and the June 30 report by July 30.
Any bank contracting with a third party to convert its reports to the electronic format for the CDR must
ensure that it delivers its hard-copy reports to the third party in sufficient time for (1) the third party to
enter the data into the appropriate format; (2) the bank to research and resolve any identified edit
exceptions; and (3) the third party to electronically transmit the original submission and any necessary
resubmissions to the CDR by the submission deadline. Early submission is strongly encouraged so that
the bank has ample time to research and resolve any edit exceptions identified through the submission
process. No extensions of time for submitting reports are granted.
Any bank that has more than one foreign office, other than a "shell" branch or an IBF, may take an
additional limited period of time to submit its Call Report. The CDR must receive the data file for such a
bank's Call Report no more than 35 calendar days after the report date. Such banks are urged to use the
additional time only if absolutely necessary and to make every effort to report as soon as possible,
preferably within the 30-day submission period.
Amended Reports
A bank's primary federal bank supervisory authority may require the filing of an amended Call Report if
reports as previously submitted contain significant errors, as determined by the supervisory authority, in
how the reporting bank classified or categorized items in the reports, i.e., on what line of the report an
item has been reported.

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When dealing with the recognition and measurement of events and transactions in the Call Report,
amended reports may be required if a bank's primary federal bank supervisory authority determines that
the reports as previously submitted contain errors that are material for the reporting bank. Materiality is a
qualitative characteristic of accounting information that is addressed in FASB Concepts Statement No. 8,
“Conceptual Framework for Financial Reporting,” as follows: "Information is material if omitting it or
misstating it could influence decisions that users make on the basis of the financial information of a
specific reporting entity. In other words, materiality is an entity-specific aspect of relevance based on the
nature or magnitude or both of the items to which the information relates in the context of an individual
entity’s financial report."
RETENTION OF REPORTS
In general, a bank should maintain in its files a signed and attested record of its completed Call Report,
including any amended reports, and the related workpapers and supporting documentation 1 for three
years after the report date, unless any applicable state requirements mandate a longer retention period.
This three-year time period is consistent with the time period specified in Section 7(b)(4) of the Federal
Deposit Insurance Act, which provides that each insured depository institution shall maintain all records
that the FDIC may require for verifying the correctness of any deposit insurance assessment on the
institution until the later of the end of the three-year period beginning on the due date of the assessment,
or in the case of a dispute between the insured depository institution and the FDIC with respect to such
assessment, the date of a final determination of any such dispute.
SCOPE OF THE "CONSOLIDATED BANK" REQUIRED TO BE REPORTED IN THE SUBMITTED
REPORTS
In their Call Reports submitted to the federal bank supervisory agencies, banks and their subsidiaries
shall present their financial condition and results of operations on a consolidated basis in accordance with
U.S. generally accepted accounting principles (GAAP). All majority-owned subsidiaries shall be
consolidated unless either the subsidiary is not "significant" or control of the subsidiary does not rest with
the parent bank (see "Exclusions from the Coverage of the Consolidated Report" below). See the
Glossary entry for "subsidiaries" for the definition of "significant subsidiary." Accordingly, the Call Report
shall consolidate the operations of:
(1) The bank's head office;
(2) All branches of the bank, domestic and foreign;
(3) Any IBF established by the bank;
(4) All majority-owned Edge and Agreement subsidiaries, including their IBFs, their foreign and domestic
branches, and their significant subsidiaries;

Supporting documentation may include, but is not limited to, overdraft reports, trust department records, and records
of other material adjustments to deposits.

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(5) All majority-owned foreign banks held directly by the reporting bank pursuant to Section 25 of the
Federal Reserve Act;
(6) All other majority-owned subsidiaries that are "significant," including domestic subsidiaries that are
commercial banks, savings banks, or savings and loan associations that must file separate
Call Reports (or separate reports of a comparable nature) with any state or federal financial
institutions supervisory authority;
(7) All nonsignificant majority-owned subsidiaries that the bank has elected to consolidate on a
consistent basis in both the Consolidated Report of Condition and the Consolidated Report of
Income; and
(8) All variable interest entities (VIEs) in which the bank, or a consolidated subsidiary of the bank, has a
controlling financial interest and, thus, is the primary beneficiary. For further information, refer to the
Glossary entry for “variable interest entity.”
Each bank shall account for any investments in unconsolidated subsidiaries, associated companies, and
those corporate joint ventures over which the bank exercises significant influence according to the equity
method of accounting. The equity method of accounting is described in the instructions for Schedule RC,
item 8. (Refer to the Glossary entry for "subsidiaries" for the definitions of the terms subsidiary,
associated company, and corporate joint venture.)
Exclusions from the Coverage of the Consolidated Report
Subsidiaries where control does not rest with the parent – If control of a majority-owned subsidiary
does not rest with the parent bank because of legal or other reasons (e.g., the subsidiary is in
bankruptcy), the subsidiary is not to be consolidated for purposes of the report.1 Thus, the bank's
investment in such a subsidiary is not eliminated in consolidation but will be reflected in the report
in the balance sheet item for "Investments in unconsolidated subsidiaries and associated companies"
(Schedule RC, item 8) or “Direct and indirect investments in real estate ventures” (Schedule RC, item 9),
as appropriate. Other transactions of the bank with such a subsidiary will be reflected in the appropriate
items of the report in the same manner as transactions with unrelated outside parties. Additional
guidance on this topic is provided in accounting standards, including ASC Subtopic 810-10, Consolidation
– Overall (formerly FASB Statement No. 94, “Consolidation of All Majority-Owned Subsidiaries”).
Trust accounts – For purposes of the Call Report, the reporting bank's trust department is not to be
consolidated into the reporting bank's balance sheet or income statement. However, information
concerning the bank’s trust activities must be reported in Schedule RC-T, Fiduciary and Related
Services. Assets held in or administered by the bank's trust department and the income earned on such
assets are excluded from all of the other schedules of the Call Report except when trust funds are
deposited by the trust department of the reporting bank in the commercial or some other department of
the reporting bank.
When such trust funds are deposited in the bank, they are to be reported as deposit liabilities in
Schedule RC-E in the deposit category appropriate to the beneficiary. Interest paid by the bank on such
deposits is to be reported as part of the reporting bank's interest expense.

In contrast, by definition, control of a VIE is deemed to rest with the parent if the parent or its consolidated
subsidiary has a controlling financial interest in the VIE and, thus, is the primary beneficiary, in which case the VIE
must be consolidated for purposes of the Call Report.

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However, there are two exceptions:
(1) Uninvested trust funds (cash) held in the bank's trust department, which are not included on the
balance sheet of the reporting bank, must be reported in Schedule RC-O, Other Data for Deposit
Insurance Assessments; and
(2) The fees earned by the trust department for its fiduciary activities and the operating expenses of the
trust department are to be reported in the bank's income statement (Schedule RI) on a gross basis as
if part of the consolidated bank.
Custody accounts – All custody and safekeeping activities (i.e., the holding of securities, jewelry, coin
collections, and other valuables in custody or in safekeeping for customers) are not to be reflected on any
basis in the balance sheet of the Consolidated Report of Condition unless cash funds held by the bank in
safekeeping for customers are commingled with the general assets of the reporting bank. In such cases,
the commingled funds would be reported in the Consolidated Report of Condition as deposit liabilities of
the bank.
RULES OF CONSOLIDATION
For purposes of these reports, all offices (i.e., branches, subsidiaries, VIEs, and IBFs) that are within the
scope of the consolidated bank as defined above are to be reported on a consolidated basis. Unless the
instructions specifically state otherwise, this consolidation shall be on a line-by-line basis, according to
the caption shown. As part of the consolidation process, the results of all transactions and all
intercompany balances (e.g., outstanding asset/debt relationships) between offices, subsidiaries, and
other entities included in the scope of the consolidated bank are to be eliminated in the consolidation and
must be excluded from the Call Report. (For example, eliminate in the consolidation (1) loans made by
the bank to a consolidated subsidiary and the corresponding liability of the subsidiary to the bank,
(2) a consolidated subsidiary's deposits in the bank and the corresponding cash or interest-bearing asset
balance of the subsidiary, and (3) the intercompany interest income and expense related to such loans
and deposits of the bank and its consolidated subsidiary.)
Exception: For purposes of reporting the total assets of captive insurance and reinsurance subsidiaries in
Schedule RC-M, Memoranda, items 14.a and 14.b, only, banks should measure the subsidiaries’ total
assets before eliminating intercompany transactions between the consolidated subsidiary and other
offices or subsidiaries of the consolidated bank. Otherwise, captive insurance and reinsurance
subsidiaries should be reported on a consolidated basis as described in the preceding paragraph.
Subsidiaries of subsidiaries – For a subsidiary of a bank which is in turn the parent of one or more
subsidiaries:
(1) Each subsidiary shall consolidate its majority-owned subsidiaries in accordance with the
consolidation requirements set forth above.
(2) Each subsidiary shall account for any investments in unconsolidated subsidiaries, corporate joint
ventures over which the bank exercises significant influence, and associated companies according to
the equity method of accounting.
Noncontrolling (minority) interests – A noncontrolling interest, sometimes called a minority interest, is the
portion of equity in a bank’s subsidiary not attributable, directly or indirectly, to the parent bank. Report
noncontrolling interests in the reporting bank's consolidated subsidiaries in Schedule RC, item 27.b,
"Noncontrolling (minority) interests in consolidated subsidiaries," of the Consolidated Report of Condition.
Report the portion of consolidated net income reported in Schedule RI, item 12, that is attributable to
noncontrolling interests in consolidated subsidiaries of the bank in Schedule RI, item 13, of the
Consolidated Report of Income.

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Intrabank transactions – (For banks with foreign offices.) While all intrabank transactions are to be
excluded from the Call Report, one intrabank relationship that is eliminated in consolidation is required to
be identified and reported in the Report of Condition. Specifically, Schedule RC-H, Selected Balance
Sheet Items for Domestic Offices, requires the reporting of the net amount of "due from" or "due to"
balances between the domestic offices and the foreign offices of the consolidated bank.
Deposit insurance assessments – When one FDIC-insured institution that files the FFIEC 031 or
FFIEC 041 owns another FDIC-insured institution as a subsidiary, the parent institution should complete
items 1 through 11 (except item 9.a) and Memorandum items 1, 2 (if applicable), and 3 (and
Memorandum item 4 on the FFIEC 031 report) of Schedule RC-O by accounting for the insured institution
subsidiary under the equity method of accounting instead of consolidating it, i.e., on an “unconsolidated
single FDIC certificate number basis.” (However, an FDIC-insured institution that owns another FDICinsured institution should complete item 9.a of Schedule RC-O by consolidating its subsidiary institution.)
In contrast, when an FDIC-insured institution consolidates entities other than FDIC-insured institutions for
purposes of Schedule RC, Balance Sheet, the parent institution should complete items 1 through 11 and
Memorandum items 1, 2 (if applicable), and 3 (and Memorandum item 4 on the FFIEC 031 report) of
Schedule RC-O on a consolidated basis with respect to these other entities. However, all deposits of
subsidiaries (except an insured depository institution subsidiary) that are consolidated and, therefore,
eliminated from reported deposits on the balance sheet (Schedule RC, item 13.a or 13.b, as appropriate)
must be reported in Schedule RC-O, items 1 through 3, Memorandum item 1, and, if applicable,
Memorandum item 2. Similarly, the interest accrued and unpaid on these deposits, which is eliminated in
consolidation from reported other liabilities on the balance sheet (Schedule RC, item 20), also must be
reported in these Schedule RC-O items.
“Large institutions” and “highly complex institutions,” including those that own another FDIC-insured
institution as a subsidiary, should complete Memorandum items 5 through 18 of Schedule RC-O, as
appropriate, on a fully consolidated basis.
Cutoff dates for consolidation – All branches must be consolidated as of the report date. For purposes of
consolidation, the date of the financial statements of a subsidiary should, to the extent practicable,
match the report date of the parent bank, but in no case differ by more than 93 days from the report date.
REPORTING BY TYPE OF OFFICE (For banks with foreign offices)
Some information in the Call Report is to be reported by type of office (e.g., for domestic offices, for
foreign offices, or for IBFs) as well as for the consolidated bank. Where information is called for by type
of office, the information reported shall be the office component of the consolidated item unless
otherwise specified in the line item instructions. That is, as a general rule, the office information shall be
reported at the same level of consolidation as the fully consolidated statement, shall reflect only
transactions with parties outside the scope of the consolidated bank, and shall exclude all transactions
between offices of the consolidated bank as defined above.
PUBLICATION REQUIREMENTS FOR THE CONSOLIDATED REPORT OF CONDITION
There are no federal requirements for a bank to publish the balance sheet of the Consolidated Report
of Condition in a newspaper. However, state-chartered banks should consult with their state banking
authorities concerning the applicability of any state publication requirements.

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RELEASE OF INDIVIDUAL BANK REPORTS
All schedules of the Call Report submitted by each reporting bank, including the optional narrative
statement at the end of the Call Report, are available to the public from the federal bank supervisory
agencies with the exception of any amounts reported in Schedule RI-E, item 2.g, “FDIC deposit insurance
assessments,” for report dates beginning June 30, 2009; Schedule RC-O, Memorandum items 6
through 9, 14, and 15, for certain assessment-related data for report dates beginning June 30, 2011;
Schedule RC-O, Memorandum item 18, for two-year probability of default data for 1-4 family residential
mortgage loans and consumer loans and leases for report dates beginning June 30, 2013;
Schedule RC-P, items 7.a and 7.b, for representation and warranty reserves for 1-4 family residential
mortgages sold made to specified parties for report dates beginning June 30, 2012; and Schedule RC-C,
Part I, Memorandum items 17.a and 17.b, for eligible loan modifications under Section 4013 of the 2020
Coronavirus Aid, Relief, and Economic Security Act for report dates beginning June 30, 2020.
In addition, the amount reported in Schedule RC-F, item 6.f, “Prepaid deposit insurance assessments,”
for report dates from December 31, 2009, through March 31, 2013, will not be publicly disclosed on an
individual bank basis. Information reported in Schedule RC-T, Fiduciary and Related Services, on the
components of fiduciary and related services income (but not “Total gross fiduciary and related services
income”) and on fiduciary settlements, surcharges, and losses (Memorandum item 4), will not be publicly
disclosed on an individual bank basis for periods prior to March 31, 2009. Data reported in
Schedule RC-N, Past Due and Nonaccrual Loans, Leases, and Other Assets, in column A, "Past due 30
through 89 days and still accruing," and in all of Memorandum item 1, "Loans restructured in troubled debt
restructurings included in Schedule RC-N, items 1 through 7, above," will not be publicly disclosed on an
individual bank basis for periods prior to March 31, 2001.
All publicly available individual institution data are posted on the FFIEC’s Central Data Repository (CDR)
Public Data Distribution Web site (https://cdr.ffiec.gov/public/) as soon as the data have been submitted,
placed in an accepted status, and prepared for publication in the CDR.
A reporting institution may request confidential treatment for some or all of the portions of the Call Report
that will be made publicly available if the institution is of the opinion that disclosure of specific commercial
or financial information in the report would likely cause substantial harm to its competitive position.
In certain limited circumstances, the reporting institution’s primary federal supervisor may approve
confidential treatment of some or all of the items for which such treatment has been requested if the
institution has clearly provided a compelling justification for the request. A request for confidential
treatment must be submitted in writing prior to the submission of the report. The written request must
identify the specific items for which confidential treatment is requested, provide justification for the
confidential treatment requested for the identified items, and demonstrate the specific nature of the harm
that would result from public release of the information. Merely stating that competitive harm would result
is not sufficient. Information for which confidential treatment is requested may subsequently be released
by the reporting institution’s primary federal supervisor in accordance with the terms of 12 CFR 4.16
(OCC), 12 CFR 261.16 (Federal Reserve Board), 12 CFR 309.6 (FDIC), or as otherwise provided by law.
APPLICABILITY OF U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES TO REGULATORY
REPORTING REQUIREMENTS
For recognition and measurement purposes, the regulatory reporting requirements applicable to the
Call Report shall conform to U.S. generally accepted accounting principles (GAAP) as set forth in the
FASB’s Accounting Standards Codification. Nevertheless, because the Call Report is an institution-level
report, each institution (together with its consolidated subsidiaries) is considered an "accounting entity"
for regulatory reporting purposes and normally must prepare its Call Report on a separate entity basis.
A bank or savings association that is a private company, as defined in U.S. GAAP (and discussed in the
Glossary entry for “public business entity”), is permitted to use private company accounting alternatives

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issued by the FASB when preparing its Call Reports, except as provided in Section 37(a) of the Federal
Deposit Insurance Act (12 U.S.C. 1831n(a)) as described in the following sentence. If the banking
agencies determine that a particular accounting principle within U.S. GAAP, including a private company
accounting alternative, is inconsistent with the statutorily specified supervisory objectives, the banking
agencies may prescribe an accounting principle for regulatory reporting purposes that is no less stringent
than U.S. GAAP. In such a situation, an institution would not be permitted to use that particular private
company accounting alternative or other accounting principle within U.S. GAAP for Call Report purposes.
The banking agencies would provide appropriate notice if they were to disallow any such accounting
alternative or accounting principle under the statutory process.
When reporting events and transactions not covered in principle by Call Report instructions or
authoritative U.S. GAAP standards, institutions are encouraged to discuss the event or transaction with
their primary federal bank supervisory agency. However, regardless of whether an institution discusses a
reporting issue with its supervisory agency, when an institution's supervisory agency's interpretation of
how U.S. GAAP should be applied to a specified event or transaction (or series of related events or
transactions) differs from the institution's interpretation, the supervisory agency may require the institution
to reflect the event(s) or transaction(s) in its Call Report in accordance with the agency's interpretation
and to amend previously submitted reports.
The Call Report instructions contain certain specific reporting guidance that falls within the range of
acceptable practice under U.S. GAAP. These instructions have been adopted to achieve safety and
soundness and other public policy objectives and to ensure comparability. Should the need arise in the
future, other specific reporting guidance that falls within the range of U.S. GAAP may be issued. Current
Call Report instructions providing such specific reporting guidance include the nonaccrual rules in the
Glossary entry for "Nonaccrual Status," the measurement of an allowance for credit losses for collateral
dependent loans in the Glossary entry for "Allowances for Credit Losses," which references the
Interagency Policy Statement on Allowances for Credit Losses (Revised April 2023) on this subject, the
separate entity method of accounting for income taxes of depository institution subsidiaries of holding
companies in the Glossary entry for "Income Taxes," and the treatment of property dividends in the
Glossary entry for "Dividends."
Certain provisions of AICPA Statement of Position (SOP) No. 92-3, “Accounting for Foreclosed Assets,”
have been incorporated into the Glossary entry for “Foreclosed Assets,” which institutions must follow for
Call Report purposes, even though SOP 92-3 was rescinded subsequent to the issuance of ASC
Topic 360, Property, Plant, and Equipment. The application of these provisions of SOP 92-3 represents
prevalent practice in the banking industry and is consistent with safe and sound banking practices and
the accounting objectives set forth in Section 37(a) of the Federal Deposit Insurance Act (12 U.S.C.
1831n(a)).
There may be areas in which an institution wishes more technical detail on the application of accounting
standards and procedures to the requirements of these instructions. Such information may often be
found in the appropriate entries in the Glossary section of these instructions or, in more detail, in the U.S.
GAAP standards. Selected sections of the U.S. GAAP standards are referenced in the instructions where
appropriate. The accounting entries in the Glossary are intended to serve as an aid in specific reporting
situations rather than as a comprehensive statement on accounting for depository institutions.
Subsequent Events
Subsequent events are events or transactions that occur after the Call Report balance sheet date,
e.g., December 31, but before the Call Report is filed. Consistent with ASC Topic 855, Subsequent
Events (formerly FASB Statement No. 165, “Subsequent Events”), an institution shall recognize in the
Call Report the effects of all subsequent events (not addressed in other ASC Topics) that provide

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additional evidence about conditions that existed at the date of the Call Report balance sheet
(Schedule RC), including the estimates inherent in the process of preparing the Call Report, e.g., a
loss that has been incurred but not yet confirmed as of the Call Report balance sheet date.
ACCRUAL BASIS REPORTING
All banks, regardless of size, shall prepare all schedules of the Call Report on an accrual basis.
However, banks may report particular accounts on a cash basis, except for the four listed below, if the
results would not materially differ from those obtained using an accrual basis.
All banks must report the following on an accrual basis:
(1) Income from installment loans;
(2) Amortization of premiums paid on held-to-maturity and available-for-sale securities (see the Glossary
entry for "premiums and discounts");
(3) Income taxes (see the Glossary entry for "Income Taxes"); and
(4) Depreciation on premises and fixed assets.
All banks shall establish and maintain an allowance for credit losses on all financial assets and offbalance-sheet credit exposures within the scope of ASC Topic 326, Financial Instruments–Credit Losses,
at levels that are appropriate to cover estimated credit losses associated with these assets and
exposures. Accounting for credit losses is discussed in more detail in the Glossary entries for
"Allowances for Credit Losses" and “Purchased Credit-Deteriorated Assets.”
No interest or discount shall be accrued on any asset which must be carried in nonaccrual status. Refer
to the Glossary entry for "Nonaccrual Status" for further information.
MISCELLANEOUS GENERAL INSTRUCTIONS
Rounding
For banks with total assets of less than $10 billion, all dollar amounts must be reported in thousands, with
the figures rounded to the nearest thousand. Items less than $500 will be reported as zero.
For banks with total assets of $10 billion or more, all dollar amounts may be reported in thousands, but
each bank, at its option, may round the figures reported to the nearest million, with zeros reported for the
thousands. For banks exercising this option, amounts less than $500,000 will be reported as zero.
Rounding may result in details not adding to their stated totals. The only permissible differences between
totals and the sums of their components are those attributable to the mechanics of rounding.
On the Consolidated Report of Condition, Schedule RC, item 12, "Total assets," and Schedule RC,
item 29, "Total liabilities and equity capital," which must be equal, must be derived.

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Negative Entries
Except for the items listed below, negative entries are not appropriate on the Consolidated Report of
Condition and shall not be reported. Hence, assets with credit balances must be reported in liability items
and liabilities with debit balances must be reported in asset items, as appropriate, and in accordance with
these instructions. The Consolidated Report of Condition items for which negative entries may be made,
if appropriate, are:
(1) Schedule RC:








item 8, "Investments in unconsolidated subsidiaries and associated companies,"
item 9, “Direct and indirect investments in real estate ventures,”
item 26.a, "Retained earnings,"
item 26.b, "Accumulated other comprehensive income,"
item 26.c, “Other equity capital components,”
item 27.a, “Total bank equity capital,” and
item 28, “Total equity capital.”

(2) Schedule RC-B, item 7, “Unallocated portfolio layer fair value hedge basis adjustments.”
(3) Schedule RC-C, items 10, 10.a, and 10.b, on "Lease financing receivables (net of unearned income),"
item 11, “LESS: Any unearned income on loans reflected in items 1-9, above,” and Memorandum
item 13.b, on “Amount of interest capitalized from interest reserves on construction, land
development, and other land loans that is included in interest and fee income on loans during the
quarter.”
(4) Schedule RC-P, item 5, “Noninterest income for the quarter from the sale, securitization, and
servicing of 1-4 family residential mortgage loans.”
(5) Schedule RC-R:














Part I, item 2, “Retained earnings,”
Part I, item 3, “Accumulated other comprehensive income (AOCI),”
Part I, items 9.a through 9.f, AOCI-related adjustments,
Part I, items 10.a and 10.b, Other deductions from (additions to) common equity tier 1 capital
before threshold-based deductions,
Part I, item 12, "Subtotal,"
Part I, item 19, “Common equity tier 1 capital,”
Part I, item 26, "Tier 1 capital,"
Part I, item 29, “Other deductions from (additions to) assets for leverage ratio purposes,”
Part I, item 31, “Leverage ratio,”
Part I, items 47.a and 47.b, "Total capital,"
Part I, items 49 through 51, Risk-based capital ratios,
Part I, item 53, “Eligible retained income,” and
Part II, column B, “Adjustments to Totals Reported in Column A,” for the asset categories in
items 1 through 11.

When negative entries do occur in one or more of these items, they must be reported with a minus (-) sign
rather than in parentheses.
On the Consolidated Report of Income, negative entries may appear as appropriate. Income items with a
debit balance and expense items with a credit balance must be reported with a minus (-) sign.
Verification

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All addition and subtraction should be double-checked before reports are submitted. Totals and subtotals
in supporting materials should be cross-checked to corresponding items elsewhere in the reports.

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Before a report is submitted, all amounts should be compared with the corresponding amounts in the
previous report. If there are any unusual changes from the previous report, a brief explanation of the
changes should be attached to the submitted reports.
Banks should retain workpapers and other records used in the preparation of these reports.
Transactions Occurring Near the End of a Reporting Period
Transactions between banks occurring near the end of a reporting period may not be reported by the
parties to the transaction in such a manner as to cause the asset (or liability) either to disappear entirely
from the Consolidated Reports of Condition submitted for that report date or to appear on both of the
submitted reports, regardless of the time zones in which the banks are located, the time zone in which the
transaction took place, or the actual zone clock times at the effective moment of the transaction.
In the case of a transaction occurring in different reporting periods for the parties because of time zone
differences, the parties may decide between themselves on the reporting period in which they will all,
consistently, report the transaction as having occurred, so that in any given reporting period, the asset (or
liability) transferred will appear somewhere and without duplication in the reports submitted by the parties
to the transaction.
If, in such cases, the parties do not agree on the reporting period in which the transaction is to be treated
as having occurred on the reports of all parties, i.e., if they do not agree on which party will reflect the
asset (or liability) on its reports for these purposes, the transaction will be deemed to have occurred prior
to midnight in the time zone of the buyer (or transferee) and must be reported accordingly by all parties to
the transaction.
If, in fact, the parties, in their submitted reports, treat the transaction as having occurred in different
reporting periods, the parties will be required to amend their submitted reports on the basis of the
standard set forth in the preceding paragraph.
SEPARATE BRANCH REPORTS
Each U.S. bank with one or more branch offices located in a foreign country, Puerto Rico, or a U.S.
territory or possession is required to submit a Foreign Branch Report of Condition (FFIEC 030) or an
Abbreviated Foreign Branch Report of Condition (FFIEC 030S) for each foreign branch (except a foreign
branch with total assets of less than $50 million, which is exempt) once a year as of December 31.
However, a branch must report quarterly on the FFIEC 030 report if it has either $2 billion in total assets
or $5 billion in commitments to purchase foreign currencies and U.S. dollar exchange as of the end of a
calendar quarter. A foreign branch that does not meet either of the criteria to file quarterly, but has total
assets in excess of $250 million, must file the FFIEC 030 report on an annual basis. A foreign branch
that does not meet the criteria to file the FFIEC 030 report, but has total assets of $50 million or more (but
less than or equal to $250 million), must file the abbreviated FFIEC 030S report on an annual basis.
LEGAL ENTITY IDENTIFIER
The Legal Entity Identifier (LEI) is a 20-digit alpha-numeric code that uniquely identifies entities that
engage in financial transactions. An institution must provide its LEI on the cover page of the Call Report
only if the institution already has an LEI. The LEI must be a currently issued, maintained, and valid LEI,
not an LEI that has lapsed. An institution that does not have an LEI is not required to obtain one for
purposes of reporting it on the Call Report.

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RI - INCOME STATEMENT

LINE ITEM INSTRUCTIONS FOR THE CONSOLIDATED REPORT OF
INCOME
The line item instructions should be read in conjunction with the Glossary and other sections of these
instructions. See the discussion of the Organization of the Instruction Books in the General Instructions.
For purposes of these Consolidated Report of Income instructions, the Financial Accounting Standards
Board (FASB) Accounting Standards Codification is referred to as the “ASC.”

SCHEDULE RI – INCOME STATEMENT
General Instructions
Report in accordance with these instructions all income and expense of the institution for the calendar
year-to-date. Include adjustments of accruals and other accounting estimates made shortly after the end
of a reporting period which relate to the income and expense of the reporting period.
For qualifying fair value and cash flow hedges, institutions should report both of the following in earnings
in Schedule RI in the same income statement item that is used to present the earnings effect of the
hedged item:
(1) The change in the fair value of the hedging instrument that is included in the assessment of hedge
effectiveness; and
(2) Amounts excluded from the assessment of hedge effectiveness in accordance with ASC Topic 815,
Derivatives and Hedging.
In addition, for qualifying net investment hedges, institutions should report amounts reclassified from
accumulated other comprehensive income to earnings in Schedule RI in the same income statement item
that is used to present the earnings effect of the hedged net investment.
For further information on fair value, cash flow, and net investment hedges, see the Glossary entry for
“Derivative Contracts.”
An institution that began operating during the year-to-date reporting period should report in the
appropriate items of Schedule RI all income earned and expenses incurred since commencing
operations. The institution should report pre-opening income earned and expenses incurred from
inception until the date operations commenced using one of the two methods described in the Glossary
entry for "Start-Up Activities."
Business Combinations, Pushdown Accounting Transactions, and Transactions between Entities under
Common Control – If the reporting institution entered into a business combination that became effective
during the year-to-date reporting period and has been accounted for under the acquisition method, report
the income and expense of the acquired institution or business only after its acquisition. If the reporting
institution was acquired in a transaction that became effective during the reporting period, retained its
separate corporate existence, and elected to apply pushdown accounting in its separate financial
statements (including its Consolidated Reports of Condition and Income), Schedule RI should only
include amounts from the date of the institution’s acquisition through the end of the year-to-date reporting
period. If the reporting institution was involved in a transaction between entities under common control
that became effective during the year-to-date reporting period and has been accounted for in a manner
similar to a pooling of interests, report the income and expense of the combined entities for the entire
calendar year-to-date as though they had combined at the beginning of the year. For further information
on business combinations, pushdown accounting, and transactions between entities under common
control, see the Glossary entry for "Business Combinations."

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General Instructions (cont.)
Assets and Liabilities Accounted for under the Fair Value Option – Under U.S. generally accepted
accounting principles (GAAP) (i.e., ASC Subtopic 825-10, Financial Instruments – Overall, ASC Subtopic
815-15, Derivatives and Hedging – Embedded Derivatives, and ASC Subtopic 860-50, Transfers and
Servicing – Servicing Assets and Liabilities), the institution may elect to report certain assets and liabilities
at fair value with changes in fair value recognized in earnings. This election is generally referred to as the
fair value option. If the institution has elected to apply the fair value option to interest-bearing financial
assets and liabilities, it should report the interest income on these financial assets (except any that are in
nonaccrual status) and the interest expense on these financial liabilities for the year-to-date in the
appropriate interest income and interest expense items on Schedule RI, not as part of the reported
change in fair value of these assets and liabilities for the year-to-date. The institution should measure the
interest income or interest expense on a financial asset or liability to which the fair value option has been
applied using either the contractual interest rate on the asset or liability or the effective yield method
based on the amount at which the asset or liability was first recognized on the balance sheet. Although
the use of the contractual interest rate is an acceptable method under GAAP, when a financial asset or
liability has a significant premium or discount upon initial recognition, the measurement of interest income
or interest expense under the effective yield method more accurately portrays the economic substance of
the transaction. In addition, in some cases, GAAP requires a particular method of interest income
recognition when the fair value option is elected. For example, when the fair value option has been
applied to a beneficial interest in securitized financial assets within the scope of ASC Subtopic 325-40,
Investments-Other – Beneficial Interests in Securitized Financial Assets, interest income should be
measured in accordance with this Subtopic. When the fair value option has been applied to an acquired
loan or debt security under ASC 326-20, Financial Instruments-Credit Losses – Measured at Amortized
Cost, interest income on the loan or debt security should be measured in accordance with Subtopic 31010, Receivables – Overall, regardless of whether or not management has determined the asset to be
purchased credit-deteriorated (PCD).
For further information, see the Glossary entry for “Purchased Credit-Deteriorated Assets.”
Revaluation adjustments, excluding amounts reported as interest income and interest expense, to the
carrying value of all assets and liabilities reported in Schedule RC at fair value under a fair value option
(excluding servicing assets and liabilities reported in Schedule RC, item 10, “Intangible assets,” and
Schedule RC, item 20, “Other liabilities,” respectively) resulting from the periodic marking of such
assets and liabilities to fair value should be reported as “Other noninterest income” in Schedule RI,
item 5.l. However, an institution should report in Schedule RI-A, item 10, “Other comprehensive income,”
the portion of the total change in the fair value of a liability resulting from a change in the instrumentspecific credit risk (“own credit risk”) when the institution has elected to measure the liability at fair value
in accordance with the fair value option for financial instruments.
Item Instructions
Item No.

Caption and Instructions

1

Interest income:

1.a

Interest and fee income on loans. Report in the appropriate subitem all interest, fees, and
similar charges levied against or associated with all assets reportable as loans in
Schedule RC-C, part I, items 1 through 9.
Deduct interest rebated to customers on loans paid before maturity from gross interest
earned on loans; do not report as an expense.
Include as interest and fee income on loans:
(1) Interest on all assets reportable as loans extended directly, purchased from others, sold
under agreements to repurchase, or pledged as collateral for any purpose.

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Item No.

Caption and Instructions

1.a
(cont.)

(2) Loan origination fees, direct loan origination costs, and purchase premiums and
discounts on loans held for investment, all of which should be deferred and recognized
over the life of the related loan as an adjustment of yield in accordance with ASC
Subtopic 310-20, Receivables – Nonrefundable Fees and Other Costs as described in
the Glossary entry for "Loan Fees." See exclusion (3) below.
(3) Loan commitment fees (net of direct loan origination costs) that must be deferred over
the commitment period and recognized over the life of the related loan as an adjustment
of yield under ASC Subtopic 310-20 as described in the Glossary entry for "Loan Fees."

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Item No.

Caption and Instructions

1.a
(cont.)

(4) Investigation and service charges, fees representing a reimbursement of loan processing
costs, renewal and past-due charges, prepayment penalties, and fees charged for the
execution of mortgages or agreements securing the bank's loans.
(5) Charges levied against overdrawn accounts based on the length of time the account has
been overdrawn, the magnitude of the overdrawn balance, or which are otherwise
equivalent to interest. See exclusion (6) below.
(6) Interest income earned on loans that are reported at fair value under a fair value option.
Exclude from interest and fee income on loans:
(1) Fees for servicing real estate mortgages or other loans that are not assets of the bank
(report in Schedule RI, item 5.f, "Net servicing fees").
(2) Charges to merchants for the bank's handling of credit card or charge sales when the
bank does not carry the related loan accounts on its books (report as "Other noninterest
income" in Schedule RI, item 5.l). Banks may report this income net of the expenses
(except salaries) related to the handling of these credit card or charge sales.
(3) Loan origination fees, direct loan origination costs, and purchase premiums and
discounts on loans held for sale, all of which should be deferred until the loan is sold
(rather than amortized). The net fees or costs and purchase premium or discount are
part of the recorded investment in the loan. When the loan is sold, the difference
between the sales price and the recorded investment in the loan is the gain or loss on the
sale of the loan. See exclusion (4) below.
(4) Net gains (losses) from the sale of all assets reportable as loans (report in Schedule RI,
item 5.i, “Net gains (losses) on sales of loans and leases”). Refer to the Glossary entry
for "transfers of financial assets."
(5) Reimbursements for out-of-pocket expenditures (e.g., for the purchase of fire insurance
on real estate securing a loan) made by the bank for the account of its customers. If the
bank's expense accounts were charged with the amount of such expenditures, the
reimbursements should be credited to the same expense accounts.
(6) Transaction or per item charges levied against deposit accounts for the processing of
checks drawn against insufficient funds that the bank assesses regardless of whether it
decides to pay, return, or hold the check, so-called "NSF check charges" (report as
"Service charges on deposit accounts (in domestic offices)," in Schedule RI, item 5.b, or,
if levied against deposit accounts in foreign offices, as “Other noninterest income” in
Schedule RI, item 5.l). See inclusion (5) above.
(7) Interchange fees earned from credit card transactions (report as “Other noninterest
income” in Schedule RI, item 5.l).

FFIEC 041 FFIEC 031
Item No. Item No. Caption and Instructions
-

1.a.(1)

Interest and fee income on loans in domestic offices. Report in the
appropriate subitem all interest, fees, and similar charges levied against or
associated with all loans in domestic offices reportable in Schedule RC-C, part I,
items 1 through 9, column B.

1.a.(1)

1.a.(1)(a)

Interest and fee income on loans secured by real estate:

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FFIEC 041 FFIEC 031
Item No. Item No. Caption and Instructions
1.a.(1)(a)

1.a.(1)(a)(1) Interest and fee income on loans secured by 1-4 family residential
properties. Report all interest, fees, and similar charges levied against or
associated with all loans secured by 1-4 family residential properties (in domestic
offices) reportable in Schedule RC-C, part I, item 1.c, column B.

1.a.(1)(b)

1.a.(1)(a)(2) Interest and fee income on all other loans secured by real estate. Report
all interest, fees, and similar charges levied against or associated with all loans
secured by real estate (in domestic offices) reportable in Schedule RC-C, part I,
items 1.a, 1.b, 1.d, and 1.e, column B. Include interest and fee income on loans
secured by 1-4 family residential construction loans, but exclude such income on
all other loans secured by 1-4 family residential properties.

-

1.a.(1)(b)

Interest and fee income on loans to finance agricultural production and
other loans to farmers. Report all interest, fees, and similar charges levied
against or associated with all loans (in domestic offices) reportable in
Schedule RC-C, part I, item 3, "Loans to finance agricultural production and
other loans to farmers."

1.a.(2)

1.a.(1)(c)

Interest and fee income on commercial and industrial loans. Report all
interest, fees, and similar charges levied against or associated with all loans
(in domestic offices) reportable in Schedule RC-C, part I, item 4, "Commercial
and industrial loans."

1.a.(3)

1.a.(1)(d)

Interest and fee income on loans to individuals for household, family, and
other personal expenditures. Report in the appropriate subitem all interest,
fees, and similar charges levied against or associated with all loans (in domestic
offices) reportable in Schedule RC-C, part I, item 6, "Loans to individuals for
household, family, and other personal expenditures."

1.a.(3)(a)

1.a.(1)(d)(1)Interest and fee income on credit cards. Report all interest, fees, and similar
charges levied against or associated with all extensions of credit to individuals for
household, family, and other personal expenditures arising from credit cards (in
domestic offices) reportable in Schedule RC-C, part I, item 6.a, "Credit cards."
Include in this item any reversals of uncollectible credit card fees and finance
charges and any additions to a contra-asset account for uncollectible credit card
fees and finance charges that the bank maintains and reports separately from its
allowance for credit losses on loans and leases.
Exclude annual or other periodic fees paid by holders of credit cards issued by
the bank (report in Schedule RI, item 5.l, "Other noninterest income").

1.a.(3)(b)

1.a.(1)(d)(2)Interest and fee income on other loans to individuals for household, family,
and other personal expenditures. Report all interest, fees, and similar charges
levied against or associated with all other loans to individuals for household,
family, and other personal expenditures (in domestic offices) reportable in
Schedule RC-C, part I, item 6.b, "Other revolving credit plans," item 6.c,
“Automobile loans,” and item 6.d, “Other consumer loans.”

-

1.a.(1)(e)

FFIEC 031 and 041

Interest and fee income on loans to foreign governments and official
institutions. Report all interest, fees, and similar charges levied against or
associated with all loans (in domestic offices) reportable in Schedule RC-C,
Part I, item 7, "Loans to foreign governments and official institutions."

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FFIEC 031 and 041

RI - INCOME STATEMENT

FFIEC 041 FFIEC 031
Item No. Item No. Caption and Instructions
1.a.(5)

1.a.(1)(f)

Interest and fee income on all other loans. On the FFIEC 041, report interest,
fees, and similar charges levied against or associated with loans reportable in
Schedule RC-C, Part I, item 2, “Loans to depository institutions and acceptances
of other banks,” item 3, “Loans to finance agricultural production and other loans
to farmers,” item 8, “Obligations (other than securities and leases) of states and
political subdivisions in the U.S.,” and item 9, “Loans to nondepository financial
institutions and other loans.”
On the FFIEC 031, report interest, fees, and similar charges levied against or
associated with loans in domestic offices reportable in Schedule RC-C, Part I,
item 2, “Loans to depository institutions and acceptances of other banks,” item 8,
“Obligations (other than securities and leases) of states and political subdivisions
in the U.S.,” and item 9, “Loans to nondepository financial institutions and other
loans.”

-

1.a.(2)

Interest and fee income on loans in foreign offices, Edge and Agreement
subsidiaries, and IBFs. Report all interest, fees, and similar charges levied
against or associated with all loans in foreign offices, Edge and Agreement
subsidiaries, and IBFs reportable in Schedule RC-C, Part I, items 1 through 9.

1.a.(6)

1.a.(3)

Total interest and fee income on loans. On the FFIEC 041, report the sum of
items 1.a.(1) through 1.a.(5) in item 1.a.(6). On the FFIEC 031, report the sum of
items 1.a.(1)(a) through 1.a.(2) in item 1.a.(3).

FFIEC 031 and 041
Item No. Caption and Instructions
1.b

Income from lease financing receivables. Report all income from leases reportable in
Schedule RC-C, Part I, item 10, "Lease financing receivables (net of unearned income)." See
the Glossary entry for "Lease Accounting."
Include income from:
(1) Direct financing and sales-type leases accounted for under ASC Topic 842; and
(2) Leveraged leases accounted for under ASC Topic 840 that were grandfathered upon the
adoption of ASC Topic 842 and remain grandfathered.
Exclude from income from lease financing receivables:
(1) Any investment tax credits associated with leased property (include in Schedule RI,
item 9, "Applicable income taxes (on item 8.c)").
(2) Provisions for credit losses on leases (report in Schedule RI, item 4, "Provisions for credit
losses").
(3) Rental fees applicable to operating leases for furniture and equipment rented to others
(report as "Other noninterest income" in Schedule RI, item 5.l).

1.c

Interest income on balances due from depository institutions. Report all income on
assets reportable in Schedule RC, item 1.b, “Interest-bearing balances due from depository
institutions,” including interest-bearing balances maintained to satisfy reserve balance
requirements, excess balances, and term deposits due from Federal Reserve Banks. Include
interest income earned on interest-bearing balances due from depository institutions that are
reported at fair value under a fair value option.

FFIEC 031 and 041

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FFIEC 031 and 041

RI - INCOME STATEMENT

Item No.

Caption and Instructions

1.d

Interest and dividend income on securities. Report in the appropriate subitem all income
on debt securities that are reportable in Schedule RC-B, Securities. Include accretion of
discount and deduct amortization of premium on debt securities. Refer to the Glossary entry
for "premiums and discounts." Include in the appropriate subitem prepayment penalties
received on debt securities.
Also include dividend income on equity securities with readily determinable fair values not
held for trading that are reportable in Schedule RC, item 2.c.
Include interest on debt securities held in the bank's held-to-maturity and available-for-sale
portfolios and dividends on equity securities with readily determinable fair values not held for
trading, even if such securities have been lent, sold under agreements to repurchase that are
treated as borrowings, or pledged as collateral for any purpose.
Include interest received at the sale of debt securities to the extent that such interest had not
already been accrued on the bank's books.
Do not deduct accrued interest included in the purchase price of debt securities from income
on securities and do not charge to expense. Record such interest in a separate asset
account (to be reported in Schedule RC, item 11, "Other assets") to be offset upon collection
of the next interest payment.
Report income from detached U.S. Government security coupons and ex-coupon
U.S. Government securities not held for trading in Schedule RI, item 1.d.(3), as interest and
dividend income on "All other securities." Refer to the Glossary entry for "coupon stripping,
Treasury receipts, and STRIPS."
Exclude from interest and dividend income on securities:
(1) Realized gains (losses) on held-to-maturity securities and on available-for-sale debt
securities (report in Schedule RI, items 6.a and 6.b, respectively).
(2) Net unrealized holding gains (losses) on available-for-sale debt securities (include the
amount of such net unrealized holding gains (losses) in Schedule RC, item 26.b,
“Accumulated other comprehensive income,” and the calendar year-to-date change in
such net unrealized holding gains (losses) in Schedule RI-A, item 10, “Other
comprehensive income”).
(3) The year-to-date change in net unrealized gains (losses), and any realized gains
(losses), on equity securities with readily determinable fair values not held for trading
(report in Schedule RI, item 8.b).
(4) Income from advances to, or obligations of, majority-owned subsidiaries not consolidated,
associated companies, and those corporate joint ventures over which the bank exercises
significant influence (report as "Noninterest income" in the appropriate subitem of
Schedule RI, item 5).

1.d.(1)

Interest and dividend income on U.S. Treasury securities and U.S. Government agency
obligations (excluding mortgage-backed securities). Report income from all securities
reportable in Schedule RC-B, item 1, “U.S. Treasury securities,” and item 2,
“U.S. Government agency obligations.” Include accretion of discount on U.S. Treasury bills.

FFIEC 031 and 041

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RI - INCOME STATEMENT

FFIEC 031 and 041

RI - INCOME STATEMENT

Item No.

Caption and Instructions

1.d.(2)

Interest and dividend income on mortgage-backed securities. Report income from all
securities reportable in Schedule RC-B, item 4, “Mortgage-backed securities.”

1.d.(3)

Interest and dividend income on all other securities. Report income from all securities
reportable in Schedule RC-B, item 3, “Securities issued by states and political subdivisions
in the U.S.,” item 5, “Asset-backed securities and structured financial products,” and item 6,
“Other debt securities.” Also include dividend income from all securities reportable in
Schedule RC, item 2.c, “Equity securities with readily determinable fair values not held for
trading.”
Exclude from interest and dividend income on all other securities:
(1) Income from equity securities that do not have readily determinable fair values (report
as “Other interest income” in Schedule RI, item 1.g).
(2) The bank’s proportionate share of the net income or loss from its investments in the stock
of unconsolidated subsidiaries, associated companies, and those corporate joint ventures
over which the bank exercises significant influence (report income or loss before
discontinued operations as “Noninterest income” in the appropriate subitem of
Schedule RI, item 5, and report the results of discontinued operations in Schedule RI,
item 11).

NOTE: Item 1.e is not applicable to banks filing the FFIEC 041 report form.
1.e

Interest income on trading assets. Report the interest income earned on assets reportable
in Schedule RC, item 5, "Trading assets."
Include accretion of discount on assets held for trading that have been issued on a discount
basis, such as U.S. Treasury bills and commercial paper.
Exclude gains (losses) on and fees from trading assets, which should be reported in
Schedule RI, item 5.c, “Trading revenue.” Also exclude revaluation adjustments from the
periodic marking to market of derivative contracts held for trading purposes, which should be
reported as trading revenue in Schedule RI, item 5.c. The effect of the periodic net
settlements on these derivative contracts should be included as part of the revaluation
adjustments from the periodic marking to market of the contracts.

1.f

Interest income on federal funds sold and securities purchased under agreements to
resell. Report the gross revenue from assets reportable in Schedule RC, item 3, "Federal
funds sold and securities purchased under agreements to resell." Include interest income
earned on federal funds sold and securities purchased under agreements to resell that are
reported at fair value under a fair value option.
Report the expense of federal funds purchased and securities sold under agreements to
repurchase in Schedule RI, item 2.b; do not deduct from the gross revenue reported in this
item. However, if amounts recognized as payables under repurchase agreements have
been offset against amounts recognized as receivables under reverse repurchase
agreements and reported as a net amount in Schedule RC, Balance Sheet, in accordance
with ASC Subtopic 210-20, Balance Sheet – Offsetting (formerly FASB Interpretation No. 41,
“Offsetting of Amounts Related to Certain Repurchase and Reverse Repurchase
Agreements”), the income and expense from these agreements may be reported on a net
basis in Schedule RI, Income Statement.

FFIEC 031 and 041

RI-7
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RI - INCOME STATEMENT

FFIEC 031 and 041

RI - INCOME STATEMENT

Item No.

Caption and Instructions

1.g

Other interest income. Report interest and dividend income on assets other than those
assets properly reported in Schedule RC, items 1 through 5. Include interest income on
receivables arising from foreclosures on fully and partially government-guaranteed mortgage
loans that are reportable in Schedule RC-F, item 6. Include dividend income on “Equity
investments without readily determinable fair values” that are reportable in Schedule RC-F,
item 4. Also include interest income on interest-only strips receivable (not in the form of a
security) that are reportable in Schedule RC-F, item 3. However, exclude interest and
dividends on venture capital investments (loans and securities), which should be reported in
item 5.e, below.
On the FFIEC 041, include interest income on trading assets that are reportable in
Schedule RC, item 5, including accretion of discount on assets held for trading that have
been issued on a discount basis, such as U.S. Treasury bills and commercial paper.
However, exclude gains (losses) on and fees from trading assets, which, on the FFIEC 041,
should be reported as trading revenue in Schedule RI, item 5.l, “Other noninterest income.”

1.h

Total interest income. On the FFIEC 041, report the sum of items 1.a.(6) through 1.g.
On the FFIEC 031, report the sum of items 1.a.(3) through 1.g.

2

Interest expense:

2.a

Interest on deposits. Report in the appropriate subitem all interest expense, including
amortization of the cost of merchandise or property offered in lieu of interest payments, on
deposits reportable in Schedule RC, item 13.a.(2), "Interest-bearing deposits in domestic
offices," and, for banks filing the FFIEC 031 report forms, Schedule RC, item 13.b.(2),
"Interest-bearing deposits in foreign offices, Edge and Agreement subsidiaries, and IBFs."
Exclude the cost of gifts or premiums (whether in the form of merchandise, credit, or cash)
given to depositors at the time of the opening of a new account or an addition to, or renewal
of, an existing account (report in Schedule RI, item 7.d, "Other noninterest expense").
Include as interest expense on the appropriate category of deposits finders' fees, brokers'
fees, and other fees related to any type of interest-bearing brokered deposit account
(e.g., money market deposit accounts) that represent an adjustment to the interest rate paid
on deposits the reporting bank acquires through brokers. If these fees are paid in advance
and are material, they should be capitalized and amortized over the term of the related
deposits. However, exclude fees levied by brokers that are, in substance, retainer fees or
that otherwise do not represent an adjustment to the interest rate paid on brokered deposits
(e.g., flat fees to administer the account) (report such fees in Schedule RI, item 7.d, "Other
noninterest expense").
Also include interest expense incurred on deposits that are reported at fair value under a fair
value option. Deposits with demand features (e.g., demand and savings deposits in domestic
offices) are generally not eligible for the fair value option.
Deduct from the gross interest expense of the appropriate category of time deposits penalties
for early withdrawals, or portions of such penalties, that represent the forfeiture of interest
accrued or paid to the date of withdrawal. If material, portions of penalties for early
withdrawals that exceed the interest accrued or paid to the date of withdrawal should not be
treated as a reduction of interest expense but should be included in "Other noninterest
income" in Schedule RI, item 5.l.

FFIEC 031 and 041

RI-8
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RI - INCOME STATEMENT

FFIEC 031 and 041

RI - INCOME STATEMENT

FFIEC 041 FFIEC 031
Item No. Item No. Caption and Instructions
-

2.a.(1)

Interest on deposits in domestic offices:

2.a.(1)

2.a.(1)(a)

Interest on transaction accounts. Report interest expense on all
interest-bearing transaction accounts (interest-bearing demand deposits, NOW
accounts, ATS accounts, and telephone and preauthorized transfer accounts)
reportable in Schedule RC-E, (part I,) items 1 through 6, column A, "Total
transaction accounts." Exclude all costs incurred by the bank in connection with
noninterest-bearing demand deposits. See the Glossary entry for "deposits" for
the definitions of “interest-bearing deposit accounts,” “demand deposits,” "NOW
accounts," "ATS accounts," and "telephone or preauthorized transfer accounts."

2.a.(2)

2.a.(1)(b)

Interest on nontransaction accounts. Report in the appropriate subitem
interest expense on all deposits reportable in Schedule RC-E, (part I,) items 1
through 6, column C, "Total nontransaction accounts."

2.a.(2)(a)

2.a.(2)(b)(1)Interest on savings deposits. Report interest expense on all deposits
reportable in Schedule RC-E, (Part I,) Memorandum item 2.a.(1), "Money market
deposit accounts (MMDAs),” and Memorandum item 2.a.(2), "Other savings
deposits."

2.a.(2)(b)

2.a.(1)(b)(2)Interest on time deposits of $250,000 or less. Report interest expense on all
deposits reportable in Schedule RC-E, (Part I,) Memorandum item 2.b, "Total
time deposits of less than $100,000," and Memorandum item 2.c, "Total time
deposits of $100,000 through $250,000.”

2.a.(2)(c)

2.a.(1)(b)(3)Interest on time deposits of more than $250,000. Report interest expense on
all deposits reportable in Schedule RC-E, (Part I,) Memorandum item 2.d, "Total
time deposits of more than $250,000."

-

2.a.(2)

Interest on deposits in foreign offices, Edge and Agreement subsidiaries,
and IBFs. Report interest expense on all deposits in foreign offices reportable in
Schedule RC, item 13.b.(2), "Interest-bearing deposits in foreign offices, Edge
and Agreement subsidiaries, and IBFs."

FFIEC 031 and 041
Item No. Caption and Instructions
2.b

Expense of federal funds purchased and securities sold under agreements to
repurchase. Report the gross expense of all liabilities reportable in Schedule RC, item 14,
"Federal funds purchased and securities sold under agreements to repurchase." Include
interest expense incurred on federal funds purchased and securities sold under agreements
to repurchase that are reported at fair value under a fair value option.
Report the income of federal funds sold and securities purchased under agreements to
resell in Schedule RI, item 1.f; do not deduct from the gross expense reported in this item.
However, if amounts recognized as payables under repurchase agreements have been
offset against amounts recognized as receivables under reverse repurchase agreements
and reported as a net amount in Schedule RC, Balance Sheet, in accordance with ASC
Subtopic 210-20, Balance Sheet – Offsetting (formerly FASB Interpretation No. 41,
“Offsetting of Amounts Related to Certain Repurchase and Reverse Repurchase
Agreements”), the income and expense from these agreements may be reported on a net
basis in Schedule RI, Income Statement.

FFIEC 031 and 041

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RI - INCOME STATEMENT

Item No.

Caption and Instructions

2.c

Interest on trading liabilities and other borrowed money. Report the interest expense
on all liabilities reportable in Schedule RC, item 15, "Trading liabilities," and item 16, "Other
borrowed money." Include interest expense incurred on other borrowed money reported at
fair value under a fair value option.
Include amortization of debt issuance costs associated with other borrowed money (unless
the borrowed money is reported at fair value under a fair value option, in which case issuance
costs should be expensed as incurred).

2.d

Interest on subordinated notes and debentures. Report the interest expense on all
liabilities reportable in Schedule RC, item 19, "Subordinated notes and debentures." Include
interest expense incurred on subordinated notes and debentures reported at fair value under
a fair value option.
Include amortization of debt issuance costs associated with subordinated notes and
debentures (unless the notes and debentures are reported at fair value under a fair value
option, in which case issuance costs should be expensed as incurred).
Exclude dividends declared or paid on limited-life preferred stock (report dividends declared
in Schedule RI-A, item 8).

2.e

Total interest expense. Report the sum of Schedule RI, items 2.a through 2.d.

3

Net interest income. Report the difference between Schedule RI, item 2.e, “Total interest
expense,” and Schedule RI, item 1.h, “Total interest income.” If the amount is negative,
report it with a minus (-) sign.

4

Provisions for credit losses. Report amounts expensed as provisions for credit losses (or
reversals of provisions) during the calendar year-to-date on all financial assets and offbalance-sheet credit exposures within the scope of the ASC Topic 326, Financial
Instruments–Credit Losses. Financial assets within the scope of the standard include those
measured at amortized cost (including loans held for investment and held-to-maturity debt
securities), net investments in leases, and available-for-sale debt securities. Off-balance
sheet credit exposures within the scope of the standard include loan commitments, financial
standby letters of credit, and financial guarantees not accounted for as insurance, but
excluding those exposures that are unconditionally cancellable by the issuer.
Provisions for credit losses (or reversals of provisions) on financial assets measured at
amortized cost and net investments in leases represent the amounts necessary to adjust the
related allowances for credit losses at the quarter-end report date for management’s current
estimate of expected credit losses on these assets. Provisions for credit losses (or reversals
of provisions) on off-balance-sheet credit exposures represent the amounts necessary to
adjust the related allowances for credit losses at the quarter-end report date for
management’s current estimate of expected credit losses on these exposures. Provisions for
credit losses (or reversals of provisions) on available-for-sale debt securities represent
changes during the calendar year-to-date in the amount of impairment related to credit losses
on individual available-for-sale debt securities. Exclude the initial allowance gross-up
amounts established upon the purchase of credit-deteriorated financial assets, which are
recorded at the date of acquisition as an addition to the purchase price to determine the initial
amortized cost basis of the assets. The amount reported in this item must equal the sum of
Schedule RI-B, Part II, item 5, columns A through C, plus Schedule RI-B, Part II,
Memorandum items 5 and 7. Report negative amounts with a minus (-) sign.

FFIEC 031 and 041

RI-8b
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RI - INCOME STATEMENT

FFIEC 031 and 041

RI - INCOME STATEMENT

Item No.

Caption and Instructions

4
(cont.)

The amount reported in item 4 may differ from the bad debt expense deduction
taken for federal income tax purposes.
Refer to the Glossary entries for “Allowances for Credit Losses” and “Purchased CreditDeteriorated Assets” for additional information.

FFIEC 031 and 041

RI-8c
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FFIEC 031 and 041

Item No.

RI - INCOME STATEMENT

Caption and Instructions

5

Noninterest income:

5.a

Income from fiduciary activities. Report gross income from services rendered by the
institution’s trust department or any of its consolidated subsidiaries acting in any fiduciary
capacity. Include commissions and fees on sales of annuities by the institution's trust
department (or by a consolidated trust company subsidiary) that are executed in a fiduciary
capacity. For institutions required to complete Schedule RC-T, items 14 through 22, this item
must equal the amount reported in Schedule RC-T, item 22.
Exclude net fiduciary settlements, surcharges, and other losses. Such losses should be
reported on a net basis in Schedule RI, item 7.d, “Other noninterest expense, and, if
applicable, in Schedule RC-T, item 24 and Memorandum item 4. Net losses are gross losses
less recoveries (including those from insurance payments). If the institution’s trust
department or a consolidated subsidiary acting in any fiduciary capacity enters into a “fee
reduction” or “fee waiver” agreement with a client as the method for reimbursing or
compensating the client for a loss on the client’s fiduciary or related services account arising
from an error, misfeasance, or malfeasance, the full amount of this loss must be recognized
on an accrual basis and included in Schedule RI, item 7.d, and, if applicable, in
Schedule RC-T, item 24, and Memorandum item 4. An institution should not report such a
loss as a reduction of the gross income from fiduciary and related services it reports in this
item 5.a and, if applicable, in Schedule RC-T, items 14 through 22, in the current or future
periods when the “fee reduction” or “fee waiver” takes place. (See the example after the
instructions to Schedule RC-T, Memorandum item 4.e.)
Exclude commissions and fees received for the accumulation or disbursement of funds
deposited to Individual Retirement Accounts (IRAs), Keogh Plan accounts, Health Savings
Accounts, Medical Savings Accounts, and Coverdell Education Savings Accounts when they
are not handled by the institution's trust department (report in Schedule RI, item 5.b, "Service
charges on deposit accounts (in domestic offices)").
Report a zero if the institution has no trust department and no consolidated subsidiaries that
render services in any fiduciary capacity.

5.b

Service charges on deposit accounts (in domestic offices). Report in this item amounts
charged depositors, net of amounts refunded to depositors, including, but not limited to,
service charges and fees levied on deposit accounts (in domestic offices):
(1) For the maintenance of deposit accounts with the institution, so-called "maintenance
charges."
(2) For the failure to maintain specified minimum deposit balances.
(3) Based on the number of checks drawn on and deposits made in deposit accounts.
(4) For checks drawn on so-called "no minimum balance" deposit accounts.
(5) For withdrawals from nontransaction deposit accounts.
(6) For the closing of savings accounts before a specified minimum period of time has
elapsed.
(7) For accounts which have remained inactive for extended periods of time or which have
become dormant.

FFIEC 031 and 041

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FFIEC 031 and 041

RI - INCOME STATEMENT

Item No.

Caption and Instructions

5.b
(cont.)

(8) For deposits to or withdrawals from deposit accounts through the use of automated teller
machines or remote service units.
(9) For the processing of checks drawn against insufficient funds, so-called "NSF check
charges," that the institution assesses regardless of whether it decides to pay, return, or
hold the check. Exclude subsequent charges levied against overdrawn accounts based
on the length of time the account has been overdrawn, the magnitude of the overdrawn
balance, or which are otherwise equivalent to interest (report in the appropriate subitem
of Schedule RI, item 1.a, "Interest and fee income on loans (in domestic offices)").
(10) For issuing stop payment orders.
(11) For certifying checks.
(12) For the accumulation or disbursement of funds deposited to Individual Retirement
Accounts (IRAs), Keogh Plan accounts, Health Savings Accounts, Medical Savings
Accounts, and Coverdell Education Savings Accounts when not handled by the
institution's trust department. Report such commissions and fees received for accounts
handled by the institution's trust department in Schedule RI, item 5.a, "Income from
fiduciary activities."
(13) For wire transfer services provided to the institution’s depositors.
Exclude penalties paid by depositors for the early withdrawal of time deposits (report as
"Other noninterest income" in Schedule RI, item 5.l, or deduct from the interest expense of
the related category of time deposits, as appropriate).

5.c

Trading revenue. Report the net gain or loss from trading cash instruments and derivative
contracts (including commodity contracts) that has been recognized during the calendar
year-to-date. For banks required to complete Schedule RI, Memorandum item 8, the amount
reported in this item must equal the sum of Schedule RI, Memorandum items 8.a through 8.e.
Include as trading revenue:
(1) Revaluation adjustments to the carrying value of cash instruments reportable in
Schedule RC, item 5, "Trading assets," and Schedule RC, item 15, "Trading liabilities,"
resulting from the periodic marking to market of such instruments.
(2) Revaluation adjustments from the periodic marking to market of interest rate, foreign
exchange rate, commodity, and equity derivative contracts reportable in Schedule RC-L,
item 13, "Total gross notional amount of derivative contracts held for trading," and credit
derivative contracts reportable in Schedule RC-L, item 7, "Credit derivatives," that are
held for trading purposes. The effect of the periodic net settlements on derivative
contracts held for trading purposes should be included as part of the revaluation
adjustments from the periodic marking to market of these contracts.
(3) Incidental income and expense related to the purchase and sale of cash instruments
reportable in Schedule RC, item 5, "Trading assets," and Schedule RC, item 15, "Trading
liabilities," derivative contracts reportable in Schedule RC-L, item 13, "Total gross
notional amount of derivative contracts held for trading," and credit derivative contracts
reportable in Schedule RC-L, item 7, "Credit derivatives," that are held for trading
purposes.
If the amount to be reported in this item is a net loss, report it with a minus (-) sign.

FFIEC 031 and 041

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RI - INCOME STATEMENT

FFIEC 031 and 041

RI - INCOME STATEMENT

Item No.

Caption and Instructions

5.d

Income from securities-related and insurance activities. For items 5.d.(1) through
5.d.(5) below, when an institution partners with, or otherwise joins with, a third party to
conduct securities brokerage, investment banking, investment advisory, securities
underwriting, insurance and annuity sales, insurance underwriting, or any other securitiesrelated and insurance activities, and any fees and commissions generated by these
activities are shared with the third party, the reporting institution should report its share of
the fees or commissions in the appropriate subitem of this item 5.d rather than reporting the
gross fees and commissions in the appropriate subitem and the third party’s share of the
fees and commissions in Schedule RI, item 7.d, “Other noninterest expense.”

5.d.(1)

Fees and commissions from securities brokerage. Report fees and commissions from
securities brokerage activities, from the sale and servicing of mutual funds, from the purchase
and sale of securities and money market instruments where the bank is acting as agent for
other banks or customers, and from the lending of securities owned by the bank or by bank
customers (if these fees and commissions are not included in Schedule RI, item 5.a, “Income
from fiduciary activities,” or item 5.c, “Trading revenue”). However, exclude fees and
commissions from the sale of annuities (fixed, variable, and other) to bank customers by the
bank or any securities brokerage subsidiary (report such income in Schedule RI, item 5.d.(3),
“Fees and commissions from annuity sales”).
Also include the bank’s proportionate share of the income or loss before discontinued
operations from its investments in equity method investees that are principally engaged in
securities brokerage activities. Equity method investees include unconsolidated subsidiaries;
associated companies; and corporate joint ventures, unincorporated joint ventures, general
partnerships, and limited partnerships over which the bank exercises significant influence.

5.d.(2)

Investment banking, advisory, and underwriting fees and commissions. Report fees and
commissions from underwriting (or participating in the underwriting of) securities, private
placements of securities, investment advisory and management services, merger and
acquisition services, and other related consulting fees. Include fees and commissions from
the placement of commercial paper, both for transactions issued in the bank's name and
transactions in which the bank acts as an agent for a third party issuer.
Also include the bank’s proportionate share of the income or loss before discontinued
operations from its investments in equity method investees that are principally engaged in
investment banking, advisory, or securities underwriting activities. Equity method investees
include unconsolidated subsidiaries; associated companies; and corporate joint ventures,
unincorporated joint ventures, general partnerships, and limited partnerships over which the
bank exercises significant influence.

5.d.(3)

Fees and commissions from annuity sales. Report fees and commissions from sales of
annuities (fixed, variable, and other) by the bank and any subsidiary of the bank and fees
earned from customer referrals for annuities to insurance companies and insurance agencies
external to the consolidated bank. Also include management fees earned from annuities.
However, exclude fees and commissions from sales of annuities by the bank's trust
department (or by a consolidated trust company subsidiary) that are executed in a fiduciary
capacity (report in Schedule RI, item 5.a, "Income from fiduciary activities").
Also include the bank’s proportionate share of the income or loss before discontinued
operations from its investments in equity method investees that are principally engaged in
annuity sales. Equity method investees include unconsolidated subsidiaries; associated
companies; and corporate joint ventures, unincorporated joint ventures, general partnerships,
and limited partnerships over which the bank exercises significant influence.

FFIEC 031 and 041

RI-11
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FFIEC 031 and 041

RI - INCOME STATEMENT

Item No.

Caption and Instructions

5.d.(4)

Underwriting income from insurance and reinsurance activities. Report the amount of
premiums earned by bank subsidiaries engaged in insurance underwriting or reinsurance
activities. Include earned premiums from (a) life and health insurance and (b) property and
casualty insurance, whether (direct) underwritten business or ceded or assumed (reinsured)
business. Insurance premiums should be reported net of any premiums transferred to other
insurance underwriters/reinsurers in conjunction with reinsurance contracts.

5.d.(4)
(cont.)

Also include the bank's proportionate share of the income or loss before discontinued
operations from its investments in equity method investees that are principally engaged in
insurance underwriting or reinsurance activities. Equity method investees include
unconsolidated subsidiaries; associated companies; and corporate joint ventures,
unincorporated joint ventures, general partnerships, and limited partnerships over which the
bank exercises significant influence.
Exclude income from sales and referrals involving insurance products and annuities (see the
instructions for Schedule RI, items 5.d.(5) and 5.d.(3), respectively, for information on
reporting such income).

5.d.(5)

Income from other insurance activities. Report income from insurance product sales and
referrals, including:
(1) Service charges, commissions, and fees earned from insurance sales, including credit,
life, health, property, casualty, and title insurance products.
(2) Fees earned from customer referrals for insurance products to insurance companies and
insurance agencies external to the consolidated bank.
Also include management fees earned from separate accounts and universal life products.
Exclude income from annuity sales and referrals (see the instructions for Schedule RI,
item 5.d.(3), above, for information on reporting such income).
Also include the bank's proportionate share of the income or loss before discontinued
operations from its investments in equity method investees that are principally engaged in
insurance product sales and referrals. Equity method investees include unconsolidated
subsidiaries; associated companies; and corporate joint ventures, unincorporated joint
ventures, general partnerships, and limited partnerships over which the bank exercises
significant influence.

5.e

Venture capital revenue. In general, venture capital activities involve the providing of
funds, whether in the form of loans or equity, and technical and management assistance,
when needed and requested, to start-up or high-risk companies specializing in new
technologies, ideas, products, or processes. The primary objective of these investments is
capital growth.
Report as venture capital revenue market value adjustments, interest, dividends, gains, and
losses (including impairment losses) on venture capital investments (loans and securities).
Include any fee income from venture capital activities that is not reported in one of the
preceding items of Schedule RI, Income Statement.
Also include the bank’s proportionate share of the income or loss before discontinued
operations from its investments in equity method investees that are principally engaged in
venture capital activities. Equity method investees include unconsolidated subsidiaries;
associated companies; and corporate joint ventures, unincorporated joint ventures, general
partnerships, and limited partnerships over which the bank exercises significant influence.

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FFIEC 031 and 041

RI - INCOME STATEMENT

Item No.

Caption and Instructions

5.f

Net servicing fees. Report income from servicing real estate mortgages, credit cards, and
other financial assets held by others. Report any premiums received in lieu of regular
servicing fees on such loans only as earned over the life of the loans. For servicing assets
and liabilities measured under the amortization method, banks should report servicing income
net of the related servicing assets’ amortization expense, include impairments recognized on
servicing assets, and also include increases in servicing liabilities recognized when
subsequent events have increased the fair value of the liability above its carrying amount.
For servicing assets and liabilities remeasured at fair value under the fair value option,
include changes in the fair value of these servicing assets and liabilities. For further
information on servicing, see the Glossary entry for “servicing assets and liabilities.”

5.g

Net securitization income. Report net gains (losses) on assets sold in the bank’s own
securitization transactions, i.e., net of transaction costs. Include unrealized losses (and
recoveries of unrealized losses) on loans and leases held for sale in the bank’s own
securitization transactions. Report fee income from securitizations, securitization conduits,
and structured finance vehicles, including fees for providing administrative support, liquidity
support, interest rate risk management, credit enhancement support, and any additional
support functions as an administrative agent, liquidity agent, hedging agent, or credit
enhancement agent. Include all other fees (other than servicing fees and commercial paper
placement fees) earned from the bank's securitization and structured finance transactions.
Exclude income from servicing securitized assets (report in Schedule RI, item 5.f, above), fee
income from the placement of commercial paper (report in Schedule RI, item 5.d.(2), above),
and income from seller’s interests and residual interests retained by the bank (report in the
appropriate subitem of Schedule RI, item 1, “Interest income"). Also exclude net gains
(losses) on loans sold to – and unrealized losses (and recoveries of unrealized losses) on
loans and leases held for sale to – a government-sponsored agency or another institution that
in turn securitizes the loans (report in Schedule RI, item 5.i, “Net gains (losses) on sales of
loans and leases”).

5.h

Not applicable.

5.i

Net gains (losses) on sales of loans and leases. Report the amount of net gains (losses)
on sales and other disposals of loans and leases (reportable in Schedule RC-C), including
unrealized losses (and subsequent recoveries of such net unrealized losses) on loans and
leases held for sale. Exclude net gains (losses) on loans and leases sold in the bank’s own
securitization transactions and unrealized losses (and recoveries of unrealized losses) on
loans and leases held for sale in the bank’s own securitization transactions (report these
gains (losses) in Schedule RI, item 5.g, “Net securitization income”).

5.j

Net gains (losses) on sales of other real estate owned. Report the amount of net gains
(losses) on sales and other disposals of other real estate owned (reportable in Schedule RC,
item 7), increases and decreases in the valuation allowance for foreclosed real estate, and
write-downs of other real estate owned subsequent to acquisition (or physical possession)
charged to expense. Do not include as a loss on other real estate owned any amount
charged to the allowance for credit losses on loans and leases at the time of foreclosure
(actual or physical possession) for the difference between the carrying value of a loan and
the fair value less cost to sell of the foreclosed real estate.

5.k

Net gains (losses) on sales of other assets. Report the amount of net gains (losses) on
sales and other disposals of assets not required to be reported elsewhere in the income
statement (Schedule RI). Include net gains (losses) on sales and other disposals of premises

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Item No.

Caption and Instructions

5.k
(cont.)

and fixed assets; personal property acquired for debts previously contracted (such as
automobiles, boats, equipment, and appliances); and coins, art, and other similar assets.
Do not include net gains (losses) on sales and other disposals of held-to-maturity securities,
available-for-sale debt securities, equity securities with readily determinable fair values not
held for trading, loans and leases (either directly or through securitization), trading assets,
and other real estate owned (report these net gains (losses) in the appropriate items of
Schedule RI).
Do not include:
(1) The year-to-date change in net unrealized gains (losses) on equity securities with readily
determinable fair values not held for trading.
(2) The year-to-date change in net unrealized holding gains (losses) on equity securities and
other equity investments without readily determinable fair values not held for trading that
are measured at fair value through earnings.
(3) Impairment, if any, plus or minus changes resulting from observable price changes on
equity securities and other equity investments without readily determinable fair values not
held for trading for which this measurement election is made.
These amounts should be reported in Schedule RI, item 8.b.

5.l

Other noninterest income. Report all operating income of the bank for the calendar year to
date not required to be reported elsewhere in Schedule RI.
Disclose in Schedule RI-E, items 1.a through 1.j, each component of other noninterest
income, and the dollar amount of such component, that is greater than $100,000 and
exceeds 7 percent of the other noninterest income reported in this item. If net losses have
been reported in this item for a component of “Other noninterest income,” use the absolute
value of such net losses to determine whether the amount of the net losses is greater than
$100,000 and exceeds 7 percent of “Other noninterest income” and should be reported in
Schedule RI-E, item 1. (The absolute value refers to the magnitude of the dollar amount
without regard to whether the amount represents net gains or net losses.)
For each component of other noninterest income that exceeds the disclosure threshold in
the preceding paragraph and for which a preprinted caption has not been provided in
Schedule RI-E, items 1.a through 1.g, describe the component with a clear but concise
caption in Schedule RI-E, items 1.h through 1.j. These descriptions should not exceed
50 characters in length (including spacing between words).
For disclosure purposes in Schedule RI-E, items 1.a through 1.g, when components of “Other
noninterest income” reflect a single credit for separate “bundled services” provided through
third party vendors, disclose such amounts in the item with the preprinted caption that most
closely describes the predominant type of income earned, and this categorization should be
used consistently over time.

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FFIEC 031 and 041

Item No.

Caption and Instructions

5.l
(cont.)

Include as other noninterest income:

RI - INCOME STATEMENT

(1) Service charges, commissions, and fees for such services as:
(a) The rental of safe deposit boxes. (Report the amount of such fees in Schedule RI-E,
item 1.e, if this amount is greater than $100,000 and exceeds 7 percent of the
amount reported in Schedule RI, item 5.l.)
(b) The safekeeping of securities for other depository institutions (if the income for such
safekeeping services is not included in Schedule RI, item 5.a, “Income from fiduciary
activities”).
(c) The sale of bank drafts, money orders, cashiers' checks, and travelers' checks.
(d) The collection of utility bills, checks, notes, bond coupons, and bills of exchange.
(e) The redemption of U.S. savings bonds.
(f) The handling of food stamps.
(g) The execution of acceptances and the issuance of commercial letters of credit,
standby letters of credit, deferred payment letters of credit, and letters of credit issued
for cash or its equivalent. Exclude income on bankers acceptances and trade
acceptances (report such income in the appropriate subitem of Schedule RI, item 1.a,
"Interest and fee income on loans," for acceptances held for investment or held for
sale, and in Schedule RI, item 1.e, "Interest income from trading assets," on the
FFIEC 031, or item 1.g, “Other interest income,” for acceptances held for trading).
(h) The notarizing of forms and documents.
(i) The negotiation or management of loans from other lenders for customers or
correspondents.
(j) The providing of consulting and advisory services to others. Exclude income from
investment advisory services, which is to be reported in Schedule RI, item 5.d.(2).
(k) The use of the bank's automated teller machines or remote service units by
depositors of other depository institutions. (Report the amount of such income and
fees in Schedule RI-E, item 1.c, if this amount is greater than $100,000 and exceeds
7 percent of the amount reported in Schedule RI, item 5.l.)
(l) Wire transfer services, except for wire transfers for which service charges or fees are
levied on deposit accounts of the institution’s depositors, for which the income is to
be reported in Schedule RI, item 5.b, “Service charges on deposit accounts.” (Report
the amount of income and fees from wire transfers in Schedule RI-E, item 1.i, if this
amount is greater than $100,000 and exceeds 7 percent of the amount reported in
Schedule RI, item 5.l.)
(2) Income and fees from the sale and printing of checks. (Report the amount of such
income and fees in Schedule RI-E, item 1.a, if this amount is greater than $100,000 and
exceeds 7 percent of the amount reported in Schedule RI, item 5.l.)
(3) Gross rentals and other income from all real estate reportable in Schedule RC, item 7,
"Other real estate owned." (Report the amount of such income in Schedule RI-E,
item 1.d, if this amount is greater than $100,000 and exceeds 7 percent of the amount
reported in Schedule RI, item 5.l.)
(4) Earnings on or other increases in the value of the cash surrender value of bank-owned
life insurance policies. (Report the amount of such earnings or other increases in
Schedule RI-E, item 1.b, if this amount is greater than $100,000 and exceeds 7 percent
of the amount reported in Schedule RI, item 5.l.)
(5) Annual or other periodic fees paid by holders of credit cards issued by the bank. Fees
that are periodically charged to cardholders shall be deferred and recognized on a
straight-line basis over the period the fee entitles the cardholder to use the card.

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RI - INCOME STATEMENT

Item No.

Caption and Instructions

5.l
(cont.)

(6) Charges to merchants for the bank's handling of credit card or charge sales when the
bank does not carry the related loan accounts on its books. Banks may report this
income net of the expenses (except salaries) related to the handling of these credit card
or charge sales.
(7) Interchange fees earned from bank card and credit card transactions. (Report the
amount of such fees in Schedule RI-E, item 1.f, if this amount is greater than $100,000
and exceeds 7 percent of the amount reported in Schedule RI, item 5.l.)
(8) Gross income received for performing data processing services for others. Do not deduct
the expense of performing such services for others (report in the appropriate items of
noninterest expense).
(9) Loan commitment fees that are recognized during the commitment period (i.e., fees
retrospectively determined and fees for commitments where exercise is remote) or
included in income when the commitment expires and loan syndication fees that are not
required to be deferred. Refer to the Glossary entry for "loan fees" for further information.
(10) On the FFIEC 031 only, service charges on deposit accounts in foreign offices.
(11) Net tellers' overages (shortages), net recoveries (losses) on forged checks, net
recoveries (losses) on payment of checks over stop payment orders, and similar
recurring operating gains (losses) of this type. Banks should consistently report these
gains (losses) either in this item or in Schedule RI, item 7.d.
(12) Net gains (losses) from the sale or other disposal of branches (i.e., where the reporting
bank sells a branch's assets to another depository institution, which assumes the
deposit liabilities of the branch). Banks should consistently report these net gains
(losses) either in this item or in Schedule RI, item 7.d.
(13) Net gains (losses) from all transactions involving foreign currency or foreign exchange
other than trading transactions. Banks should consistently report these net gains
(losses) either in this item or in Schedule RI, item 7.d.
(14) Rental fees applicable to operating leases for furniture and equipment rented to others.
(15) Interest received on tax refunds.
(16) Life insurance proceeds on policies for which the bank is the beneficiary.
(17) Credits resulting from litigation or other claims.
(18) Portions of penalties for early withdrawals of time deposits that exceed the interest
accrued or paid on the deposit to the date of withdrawal, if material. Penalties for
early withdrawals, or portions of such penalties, that represent the forfeiture of interest
accrued or paid to the date of withdrawal are a reduction of interest expense and should
be deducted from the gross interest expense of the appropriate category of
time deposits in Schedule RI, item 2.a, "Interest on deposits."

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Item No.

Caption and Instructions

5.l
(cont.)

(19) Interest income from advances to, or obligations of, and the bank's proportionate
share of the income or loss before discontinued operations from its investments in:
• unconsolidated subsidiaries,
• associated companies,
• corporate joint ventures, unincorporated joint ventures, and general partnerships
over which the bank exercises significant influence, and
• noncontrolling investments in certain limited partnerships and limited liability
companies (described in the Glossary entry for “equity method of accounting”)
other than those that are principally engaged in investment banking, advisory,
brokerage, or securities underwriting activities; venture capital activities; insurance
and reinsurance underwriting activities; or insurance and annuity sales activities
(the income from which should be reported in Schedule RI, items 5.d.(1), 5.d.(2),
5.d.(3), 5.d.(4), 5.d.(5), and 5.e, respectively). Exclude the bank's proportionate share
of the results of discontinued operations of these entities (report in Schedule RI,
item 11, "Discontinued operations, net of applicable income taxes").
(20) Net gains (losses) on derivative instruments held for purposes other than trading that
are not designated as hedging instruments in hedging relationships that qualify for
hedge accounting in accordance with ASC Topic 815, Derivatives and Hedging
(formerly FASB Statement No. 133, “Accounting for Derivative Instruments and
Hedging Activities”). Institutions should consistently report these net gains (losses)
either in this item or in Schedule RI, item 7.d. For further information, see the Glossary
entries for “derivative contracts” and “trading account.”
(21) Gross income generated by securities contributed to charitable contribution Clifford
Trusts.
(22) Income from ground rents and air rights.
(23) Revaluation adjustments to the carrying value of all assets and liabilities reported in
Schedule RC at fair value under a fair value option (excluding servicing assets and
liabilities reported in Schedule RC, item 10, “Intangible assets,” and Schedule RC,
item 20, “Other liabilities,” respectively) resulting from the periodic marking of such
assets and liabilities to fair value. Exclude interest income earned and interest
expense incurred on financial assets and liabilities reported at fair value under a fair
value option, which should be reported in the appropriate interest income or interest
expense items on Schedule RI. Also exclude the portion of the total change in the fair
value of a fair value option liability resulting from a change in the instrument-specific
credit risk (“own credit risk”), which should be reported in Schedule RI-A, item 10,
“Other comprehensive income.”
(24) Gains on bargain purchases recognized and measured in accordance with
ASC Topic 805, Business Combinations.
(25) Income from non-conditional grants,1 or the portion of conditional grants for which all
conditions have been satisfied, recognized in accordance with ASC Subtopic 958-605,
Not-For-Profit Entities. Under this Subtopic, not-for-profit and business entities report
grants received as revenue (i.e., income). Although the scope of ASC Subtopic 958605 excludes contributions made by governmental entities to business (for-profit)
entities, including depository institutions, entities scoped out of ASC 958-605 are not
precluded from applying it by analogy when appropriate.

1 For the purposes of these instructions, the term “grant” will refer to non-reciprocal contributions of cash from
governmental or non-governmental entities that are accounted for in accordance with or by analogy to ASC Subtopic

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958-605. These instructions do not address nonmonetary contributions of assets, such as a building, in exchange
transactions.

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RI - INCOME STATEMENT

Item No.

Caption and Instructions

5.m

Total noninterest income. Report the sum of items 5.a through 5.l.

6.a

Realized gains (losses) on held-to-maturity securities. Report the net gain or loss
realized during the calendar year to date from the sale, exchange, redemption, or retirement
of all securities reportable in Schedule RC, item 2.a, "Held-to-maturity securities." The
realized gain or loss on a security is the difference between the sales price (excluding interest
at the coupon rate accrued since the last interest payment date, if any) and its amortized
cost.
Institutions should adjust the amortized cost of a held-to-maturity debt security for recoveries
of any prior charge-offs when calculating the realized gain or loss on the security, such that
the recovery of a previously charged-off amount should be recorded as a credit to the
allowance for credit losses before recognizing the gain.
If the amount to be reported in this item is a net loss, report it with a minus (-) sign.
Exclude from this item realized gains (losses) on available-for-sale securities (report in
Schedule RI, item 6.b, below) and on trading securities (report in Schedule RI, item 5.c,
“Trading revenue”).

6.b

Realized gains (losses) on available-for-sale debt securities. Report the net gain or loss
realized during the calendar year to date from the sale, exchange, redemption, or retirement
of all debt securities reportable in Schedule RC, item 2.b, "Available-for-sale debt securities."
The realized gain or loss on a debt security is the difference between the sales price
(excluding interest at the coupon rate accrued since the last interest payment date, if any)
and its amortized cost.
Institutions should adjust the amortized cost of an available-for-sale debt security for
recoveries of any prior charge-offs when calculating the realized gain or loss on the security,
such that the recovery of a previously charged-off amount should be recorded as a credit to
the allowance for credit losses before recognizing the gain. Also include in this item any
write-off recorded when the fair value of an available-for-sale debt security is less than its
amortized cost basis and (a) the institution intends to sell the security or (b) it is more likely
than not that the institution will be required to sell the security before recovery of its amortized
cost basis.
If the amount to be reported in this item is a net loss, report it with a minus (-) sign.

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Item No.

Caption and Instructions

6.b
(cont.)

Exclude from this item:

RI - INCOME STATEMENT

(1) The change in net unrealized holding gains (losses) on available-for-sale debt securities
during the calendar year to date (report in Schedule RI-A, item 10, “Other comprehensive
income”).
(2) Realized and unrealized gains (losses) during the calendar year to date on equity
securities with readily determinable fair values not held for trading (report in Schedule RI,
item 8.b, “Change in net unrealized holding gains (losses) on equity securities not held
for trading”).
(3) Realized gains (losses) on held-to-maturity securities (report in Schedule RI, item 6.a,
above) and on trading securities (report in Schedule RI, item 5.c, “Trading revenue”).
(4) Provisions for credit losses (and reversals of provisions) that increase (and decrease) the
allowance for credit losses on available-for-sale debt securities (report in Schedule RI,
item 4, “Provisions for credit losses”).

7

Noninterest expense:

7.a

Salaries and employee benefits. Report salaries and benefits of all officers and
employees of the bank and its consolidated subsidiaries including guards and contracted
guards, temporary office help, dining room and cafeteria employees, and building department
officers and employees (including maintenance personnel). Include as employees individuals
who, in form, are employed by an affiliate but who, in substance, do substantially all of their
work for the reporting bank. However, banking organizations should not segregate the
compensation component of other intercompany cost allocations arising from arrangements
other than that described in the preceding sentence for purposes of this item.
Include as salaries and employee benefits:
(1) Gross salaries, wages, overtime, bonuses, incentive compensation, and extra
compensation.
(2) Social security taxes and state and federal unemployment taxes paid by the bank.
(3) Costs of the bank's retirement plan, pension fund, profit-sharing plan, employee stock
ownership plan, employee stock purchase plan, and employee savings plan. For
defined benefit pension plans and other postretirement plans, report only the service
cost component of net benefit cost for such plans in this item 7.a; the other cost
components of net benefit cost should be reported in Schedule RI, item 7.d, “Other
noninterest expense.”

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RI - INCOME STATEMENT

Item No.

Caption and Instructions

7.a
(cont.)

(4) Premiums (net of dividends received) on health and accident, hospitalization, dental,
disability, and life insurance policies for which the bank is not the beneficiary.
(5) Cost of office temporaries whether hired directly by the bank or through an outside
agency.
(6) Workmen's compensation insurance premiums.
(7) The net cost to the bank for employee dining rooms, restaurants, and cafeterias.
(8) Accrued vacation pay earned by employees during the calendar year-to-date.
(9) The cost of medical or health services, relocation programs and reimbursements of
moving expenses, tuition reimbursement programs, and other so-called fringe benefits
for officers and employees.
(10) Compensation expense (service component and interest component) related to deferred
compensation agreements.
Exclude from salaries and employee benefits (report in Schedule RI, item 7.d, "Other
noninterest expense"):
(1) Amounts paid to attorneys, accountants, management consultants, investment
counselors, and other professionals who are not salaried officers or employees of the
bank (except if these professionals, in form, are employed by an affiliate of the reporting
bank but, in substance, do substantially all of their work for the reporting bank).
(2) Expenses related to the testing and training of officers and employees.
(3) The cost of bank newspapers and magazines prepared for distribution to bank officers
and employees.
(4) Expenses of life insurance policies for which the bank is the beneficiary. (However, when
these expenses relate to bank-owned life insurance policies with cash surrender values,
banks may report the net earnings on or the net increases in the value of these cash
surrender values in Schedule RI, item 5.l, above.)
(5) The cost of athletic activities in which officers and employees participate when the
purpose may be construed to be for marketing or public relations, and employee benefits
are only incidental to the activities.
(6) Dues, fees and other expenses associated with memberships in country clubs, social or
private clubs, civic organizations, and similar clubs and organizations.

7.b

Expenses of premises and fixed assets. Report all noninterest expenses related to the
use of premises, equipment, furniture, and fixtures reportable in Schedule RC, item 6,
"Premises and fixed assets," net of rental income. If this net amount is a credit balance,
report it with a minus (-) sign.
Deduct rental income from gross premises and fixed asset expense. Rental income includes
all rentals charged for the use of buildings not incident to their use by the reporting institution
and its consolidated subsidiaries, including rentals by regular tenants of the institution’s
buildings, income received from short-term rentals of other bank facilities, and income from
subleases. Also deduct income from stocks and bonds issued by nonmajority-owned
corporations and investments in limited partnerships or limited liability companies whose

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Item No.

Caption and Instructions

7.b
(cont.)

principal activity is the ownership of premises, equipment, furniture, or fixtures occupied or
used (or to be occupied or used) by the institution, its branches, or its consolidated
subsidiaries and are reportable in Schedule RC, item 6, "Premises and fixed assets."
Include as expenses of premises and fixed assets:
(1)

Normal and recurring depreciation and amortization charges against, and any
impairments on, assets reportable in Schedule RC, item 6, "Premises and fixed assets,"
including right-of-use (ROU) assets for finance leases accounted for in accordance with
ASC Topic 842. Include depreciation and amortization charges regardless of whether
they represent direct reductions in the carrying value of the assets or additions to
accumulated depreciation or amortization accounts. Any method of depreciation or
amortization conforming to accounting principles that are generally acceptable for
financial reporting purposes may be used. However, depreciation for premises and
fixed assets may be based on a method used for federal income tax purposes if the
results would not be materially different from depreciation based on the asset's
estimated useful life.

(2)

For operating leases accounted for in accordance with ASC Topic 842 by a lessee
institution, a single lease cost for the expenses related to lease liabilities and the
amortization of ROU assets for leased premises, equipment, furniture, and fixtures;
variable lease payments not included in lease liabilities; and any impairments of ROU
assets.

(3)

Cost of ordinary repairs to premises (including leasehold improvements), equipment,
furniture, and fixtures.

(4)

Cost of service or maintenance contracts for equipment, furniture, and fixtures.

(5)

Cost of leasehold improvements, equipment, furniture, and fixtures charged directly to
expense and not placed on the bank's books as assets.

(6)

Insurance expense related to the use of premises, equipment, furniture, and fixtures
including such coverages as fire, multi-peril, boiler, plate glass, flood, and public liability.

(7)

All property tax and other tax expense related to premises (including leasehold
improvements), equipment, furniture, and fixtures, including deficiency payments, net of
all rebates, refunds, or credits.

(8)

Any portion of a lessee institution’s payments to lessors representing executory costs
such as insurance, maintenance, and taxes.

(9)

Cost of heat, electricity, water, and other utilities connected with the use of premises
and fixed assets.

(10) Cost of janitorial supplies and outside janitorial services.
(11) Fuel, maintenance, and other expenses related to the use of the bank-owned
automobiles, airplanes, and other vehicles for bank business.

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Item No.

Caption and Instructions

7.b
(cont.)

Exclude from expenses of premises and fixed assets:
(1) Salaries and employee benefits (report such expenses for all officers and employees of
the bank and its consolidated subsidiaries in Schedule RI, item 7.a, "Salaries and
employee benefits").
(2) Interest on mortgages, liens, or other encumbrances on premises or equipment owned,
including the portion of lease payments representing interest expense on lease liabilities
for finance leases accounted for in accordance with ASC Topic 842 (report in Schedule
RI, item 2.c, "Interest on trading liabilities and other borrowed money").
(3) All expenses associated with other real estate owned (report in Schedule RI, item 7.d, "Other
noninterest expense").
(4) Gross rentals from other real estate owned and fees charged for the use of parking lots
properly reported as other real estate owned, as well as safe deposit box rentals and
rental fees applicable to operating leases for furniture and equipment rented to others
(report in Schedule RI, item 5.l).

7.c.(1)

Goodwill impairment losses. Report any impairment losses recognized during the period
on goodwill. Exclude goodwill impairment losses associated with discontinued operations
(report such losses on a net-of-tax basis in Schedule RI, item 11, "Discontinued operations,
net of applicable income taxes").
An institution that meets the definition of a private company in U.S. generally accepted
accounting principles and has elected the accounting alternative for the amortization of
goodwill in ASC Subtopic 350-20, Intangibles-Goodwill and Other – Goodwill (formerly FASB
Statement No. 142, “Goodwill and Other Intangible Assets”), as amended by Accounting
Standards Update No. 2014-02, “Accounting for Goodwill,” should report the amortization
expense of goodwill in this item. Exclude goodwill amortization expense associated with
discontinued operations (report such expense on a net-of-tax basis in Schedule RI, item 11,
“Discontinued operations, net of applicable income taxes”). A private company that elects the
accounting alternative for the subsequent measurement of goodwill should amortize each
amortizable unit of goodwill on a straight-line basis over ten years (or less than ten years if
the private company demonstrates that another useful life is more appropriate).
Except when the private company accounting alternative described above has been elected,
goodwill should not be amortized. However, regardless of whether goodwill is amortized, it
must be tested for impairment as described in the Glossary entry for “goodwill.”

7.c.(2)

Amortization expense and impairment losses for other intangible assets. Report the
amortization expense of and any impairment losses on intangible assets (other than goodwill
and servicing assets) reportable in Schedule RC-M, item 2.c. Under ASC Topic 350,
Intangibles-Goodwill and Other (formerly FASB Statement No. 142, “Goodwill and Other
Intangible Assets”), intangible assets that have indefinite useful lives should not be
amortized, but must be tested at least annually for impairment. Intangible assets that have
finite useful lives must be amortized over their useful lives and must be reviewed for
impairment in accordance with ASC Topic 360, Property, Plant, and Equipment (formerly
FASB Statement No. 144, “Accounting for the Impairment of Long-Lived Assets”).
Exclude the amortization expense of and any impairment losses on servicing assets, which
should be netted against the servicing income reported in Schedule RI, item 5.f, “Net
servicing fees,” above.

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Item No.

Caption and Instructions

7.d

Other noninterest expense. Report all operating expenses of the bank for the calendar
year-to-date not required to be reported elsewhere in Schedule RI.
Disclose in Schedule RI-E, items 2.a through 2.p, each component of other noninterest
expense, and the dollar amount of such component, that is greater than $100,000 and
exceeds 7 percent of the other noninterest expense reported in this item. If net gains have
been reported in this item for a component of “Other noninterest expense,” use the absolute
value of such net gains to determine whether the amount of the net gains is greater than
$100,000 and exceeds 7 percent of “Other noninterest expense” and should be reported in
Schedule RI-E, item 2. (The absolute value refers to the magnitude of the dollar amount
without regard to whether the amount represents net gains or net losses.)
For each component of other noninterest expense that exceeds the disclosure threshold in
the preceding paragraph and for which a preprinted caption has not been provided in
Schedule RI-E, items 2.a.through 2.m, describe the component with a clear but concise
caption in Schedule RI-E, items 2.n through 2.p. These descriptions should not exceed
50 characters in length (including spacing between words).
For disclosure purposes in Schedule RI-E, items 2.a through 2.m, when components of
“Other noninterest expense” reflect a single charge for separate “bundled services” provided
by third party vendors, disclose such amounts in the item with the preprinted caption that
most closely describes the predominant type of expense incurred, and this categorization
should be used consistently over time.
Include as other noninterest expense:
(1) Fees paid to directors and advisory directors for attendance at board of directors’ or
committee meetings (including travel and expense allowances). (Report the amount of
such fees in Schedule RI-E, item 2.c, if this amount is greater than $100,000 and
exceeds 7 percent of the amount reported in Schedule RI, item 7.d.)
(2) Cost of data processing services performed for the bank by others. (Report the amount of
such expenses in Schedule RI-E, item 2.a, if this amount is greater than $100,000 and
exceeds 7 percent of the amount reported in Schedule RI, item 7.d.)
(3) Advertising, promotional, public relations, marketing, and business development
expenses. Such expenses include the cost of athletic activities in which officers and
employees participate when the purpose may be construed to be for marketing or public
relations, and employee benefits are only incidental to the activities. (Report the amount
of such expenses in Schedule RI-E, item 2.b, if this amount is greater than $100,000 and
exceeds 7 percent of the amount reported in Schedule RI, item 7.d.)
(4) Cost of gifts or premiums (whether in the form of merchandise, credit, or cash) given to
depositors at the time of the opening of a new account or an addition to, or renewal of, an
existing account, if not included in advertising and marketing expenses above.
(5) Retainer fees, legal fees, and other fees and expenses paid to attorneys who are not
bank officers or employees and to outside law firms. (Report the amount of such
expenses in Schedule RI-E, item 2.f, if this amount is greater than $100,000 and exceeds
7 percent of the amount reported in Schedule RI, item 7.d.)

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Item No.

Caption and Instructions

7.d
(cont.)

(6) Cost of printing, stationery, and office supplies. (Report the amount of such expenses in
Schedule RI-E, item 2.d, if this amount is greater than $100,000 and exceeds 7 percent
of the amount reported in Schedule RI, item 7.d.)
(7) Postage and mailing expenses. (Report the amount of such expenses in Schedule RI-E,
item 2.e, if this amount is greater than $100,000 and exceeds 7 percent of the amount
reported in Schedule RI, item 7.d.)
(8) Telecommunications expenses, including any expenses associated with telephone,
telegraph, cable, and internet services (including web page maintenance). (Report the
amount of such expenses in Schedule RI-E, item 2.k, if this amount is greater than
$100,000 and exceeds 7 percent of the amount reported in Schedule RI, item 7.d.)
(9) Federal deposit insurance assessments. (Report the amount of such assessments in
Schedule RI-E, item 2.g, if this amount is greater than $100,000 and exceeds 7 percent
of the amount reported in Schedule RI, item 7.d.)
(10) Premiums on fidelity insurance (blanket bond, excess employee dishonesty bond),
directors' and officers' liability insurance, life insurance policies for which the bank is the
beneficiary, and other insurance policies for which the premiums are not included in
salaries and employee benefits, expenses of premises and fixed assets, and expenses
of other real estate owned. (Report the amount of such insurance expenses in
Schedule RI-E, item 2.m, if this amount is greater than $100,000 and exceeds 7 percent
of the amount reported in Schedule RI, item 7.d.)
(11) Assessment expense, examination expense, and other fees levied by the Comptroller
of the Currency or a state chartering authority, net of any assessment credits during the
period.
(12) Legal fees and other direct costs incurred to effect foreclosures on real estate and
subsequent noninterest expenses related to holdings of real estate owned other than
bank premises (including depreciation charges, if appropriate). (Report the amount of
such expenses in Schedule RI-E, item 2.l, if this amount is greater than $100,000 and
exceeds 7 percent of the amount reported in Schedule RI, item 7.d.)
(13) Net losses (gains) from the sale or other disposal of branches (i.e., where the reporting
bank sells a branch's assets to another depository institution, which assumes the
deposit liabilities of the branch). Banks should consistently report these net losses
(gains) either in this item or in Schedule RI, item 5.l.
(14) Net losses (gains) from all transactions involving foreign currency or foreign exchange
other than trading transactions. Banks should consistently report these net losses
(gains) either in this item or in Schedule RI, item 5.l.
(15) Management fees assessed by the bank’s parent holding company, whether for specific
services rendered or of a general (prorated) nature.
(16) Sales taxes, taxes based on the number of shares of bank stock outstanding, taxes
based on the bank's total assets or total deposits, taxes based on the bank's gross
revenues or gross receipts, capital stock taxes, and other taxes not included in other
categories of expense. Exclude any foreign, state, and local taxes based on a net
amount of revenues less expenses (report as applicable income taxes in Schedule RI,
item 9).

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Item No.

Caption and Instructions

7.d
(cont.)

(17) Fees levied by deposit brokers that are, in substance, retainer fees or that otherwise
do not represent an adjustment to the interest rate paid on deposits the reporting bank
acquires through brokers. However, report as interest expense on the appropriate
category of deposits those finders' fees and brokers' fees that do represent an
adjustment to the interest rate paid on brokered deposits.
(18) Research and development costs and costs incurred in the internal development of
computer software.
(19) Charges resulting from litigation or other claims.
(20) Charitable contributions including donations by Clifford Trusts.
(21) Fees for accounting, auditing, and attestation services; retainer fees; and other fees
and expenses paid to accountants and auditors who are not bank officers or
employees. (Report the amount of such expenses in Schedule RI-E, item 2.h, if this
amount is greater than $100,000 and exceeds 7 percent of the amount reported in
Schedule RI, item 7.d.)
(22) Fees for consulting and advisory services, retainer fees, and other fees and expenses
paid to management consultants, investment advisors, and other professionals (other
than attorneys providing legal services and accountants providing accounting, auditing,
and attestation services) who are not bank officers or employees. (Report the amount
of such expenses in Schedule RI-E, item 2.i, if this amount is greater than $100,000
and exceeds 7 percent of the amount reported in Schedule RI, item 7.d.)
(23) Net losses (gains) on derivative instruments held for purposes other than trading that
are not designated as hedging instruments in hedging relationships that qualify for
hedge accounting in accordance with ASC Topic 815, Derivatives and Hedging
(formerly FASB Statement No. 133, “Accounting for Derivative Instruments and
Hedging Activities”). Institutions should consistently report these net losses (gains)
either in this item or in Schedule RI, item 5.l. For further information, see the Glossary
entries for “derivative contracts” and “trading account.”
(24) Net tellers' shortages (overages), net losses (recoveries) on forged checks, net losses
(recoveries) on payment of checks over stop payment orders, and similar recurring
operating losses (gains) of this type. Banks should consistently report these losses
(gains) either in this item or in Schedule RI, item 5.l.
(25) Net losses resulting from fiduciary and related services. Net losses are gross losses
less recoveries (including those from insurance payments). Gross losses include
settlements, surcharges, and other losses arising from errors, misfeasance, or
malfeasance on fiduciary accounts and related services and should reflect losses
recognized on an accrual basis. Recoveries may be for current or prior years’ losses
from fiduciary and related services and should be reported when payment is actually
realized. If the institution enters into a “fee reduction” or “fee waiver” agreement with a
client as the method for reimbursing or compensating the client for a loss on the client’s
fiduciary or related services account, the full amount of this loss must be recognized on
an accrual basis and reported in this item as “Other noninterest expense.” An institution
should not report such a loss as a reduction of the gross income from fiduciary and
related services it reports in Schedule RI, item 5.a, “Income from fiduciary activities,”

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Item No.

RI - INCOME STATEMENT

Caption and Instructions

7.d
(cont.)

in the current or future periods when the “fee reduction” or “fee waiver” takes place.
(See the example after the instructions to Schedule RC-T, Memorandum item 4.e.)
For institutions required to complete Schedule RC-T, item 24, the amount of net losses
from fiduciary and related services also is reported in that item.
(26) Losses from robberies, defalcations, and other criminal acts not covered by the bank's
blanket bond.
(27) Travel and entertainment expenses, including costs incurred by bank officers and
employees for attending meetings and conventions.
(28) Dues, fees, and other expenses associated with memberships in country clubs, social
or private clubs, civic organizations, and similar clubs and organizations.
(29) Civil money penalties and fines.
(30) All service charges, commissions, and fees levied by others for the repossession of
assets and the collection of the bank's loans or other assets, including charged-off
loans or other charged-off assets.
(31) Expenses (except salaries) related to handling credit card or charge sales received
from merchants when the bank does not carry the related loan accounts on its books.
Banks are also permitted to net these expenses against their charges to merchants for
the bank's handling of these sales in Schedule RI, item 5.l.
(32) Expenses related to the testing and training of officers and employees.
(33) The cost of bank newspapers and magazines prepared for distribution to bank officers
and employees or to others.
(34) Depreciation expense of furniture and equipment rented to others under operating
leases.
(35) Cost of checks provided to depositors.
(36) Amortization expense of purchased computer software and of the costs of computer
software to be sold, leased, or otherwise marketed capitalized in accordance with the
provisions of ASC Subtopic 985-20, Software – Costs of Software to Be Sold, Leased
or Marketed
(37) Net losses (gains) from the extinguishment of liabilities (debt), including losses resulting
from the payment of prepayment penalties on borrowings such as Federal Home Loan
Bank advances. However, if a bank's debt extinguishments normally result in net gains
over time, then the bank should consistently report its net gains (losses) in Schedule RI,
item 5.l, "Other noninterest income."
(38) Automated teller machine (ATM) and interchange expenses from bank card and credit
card transactions. (Report the amount of such expenses in Schedule RI-E, item 2.j, if
this amount is greater than $100,000 and exceeds 7 percent of the amount reported in
Schedule RI, item 7.d.)
(39) The cost components of net benefit cost of defined benefit pension plans and other
postretirement plans other than the service cost component of such plans. (Report the
service cost component of such plans in Schedule RI, item 7.a, “Salaries and employee
benefits.”)

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Item No.

Caption and Instructions

7.d
(cont.)

Exclude from other noninterest expense
(1) Material expenses incurred in the issuance of subordinated notes and debentures
(capitalize such expenses and amortize them over the life of the related notes and
debentures using the effective interest method and report the expense in Schedule RI,
item 2.d, "Interest on subordinated notes and debentures"). For further information, see
the Glossary entry for “Debt issuance costs.”
(2) Expenses incurred in the sale of preferred and common stock (deduct such expenses
from the sale proceeds and credit the net amount to the appropriate stock account.
For perpetual preferred and common stock only, report the net sales proceeds in
Schedule RI-A, item 5, "Sale, conversion, acquisition, or retirement of capital stock, net").
(3) Depreciation and other expenses related to the use of bank-owned automobiles,
airplanes, and other vehicles for bank business (report in Schedule RI, item 7.b,
"Expenses of premises and fixed assets").
(4) Charge-offs of the cost basis of individual held-to-maturity and available-for-sale debt
securities resulting from credit losses (report as deductions from the applicable allowance
for credit losses in columns B and C, respectively, of Schedule RI-B, Part II, item 3,
“Charge-offs”).
(5) Any write-off recorded when the fair value of an available-for-sale debt security is less
than its amortized cost basis and (i) the institution intends to sell the security or (ii) it is
more likely than not that the institution will be required to sell the security before recovery
of its amortized cost basis (report in Schedule RI, item 6.b, "Realized gains (losses) on
available-for-sale securities”).
(6) Provisions for credit losses on off-balance-sheet credit exposures (report these
provisions in Schedule RI-B, Part II, Memorandum item 7, and include them in Schedule
RI, item 4, “Provisions for credit losses”).
(7) Revaluation adjustments to the carrying value of all assets and liabilities reported in
Schedule RC at fair value under a fair value option. Except as noted below, institutions
should report net decreases (increases) in fair value on such servicing assets and
liabilities in Schedule RI, item 5.f. and on such financial assets and liabilities in
Schedule RI, item 5.l. Institutions should report the portion of the total change in the fair
value of a fair value option liability resulting from a change in the instrument-specific
credit risk (“own credit risk”) in Schedule RI-A, item 10, “Other comprehensive income.”
Interest income earned and interest expense incurred on fair value option financial assets
and liabilities should be excluded from the net decreases (increases) in fair value and
reported in the appropriate interest income or interest expense items on Schedule RI.

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Item No.

Caption and Instructions

7.e

Total noninterest expense. Report the sum of items 7.a through 7.d.

8.a

Income (loss) before change in net unrealized holding gains (losses) on equity
securities not held for trading, applicable income taxes, and discontinued operations.
Report the institution’s pretax income from continuing operations before any change in net
unrealized holding gains (losses) on equity securities and other equity investments not held
for trading. This amount is determined by taking item 3, "Net interest income"; minus item 4,
"Provisions for credit losses"; plus item 5.m, "Total noninterest income"; plus item 6.a,
"Realized gains (losses) on held-to-maturity securities"; plus item 6.b, "Realized gains
(losses) on available-for-sale securities"; minus item 7.e, "Total noninterest expense." If the
result is negative, report it with a minus (-) sign.

8.b

Change in net unrealized holding gains (losses) on equity securities not held for
trading. Report the year-to-date change in net unrealized holding gains (losses) on equity
securities with readily determinable fair values not held for trading. ASC Topic 321,
Investments-Equity Securities, includes provisions governing the accounting for investments
in equity securities and eliminates the concept of available-for-sale equity securities. ASC
Topic 321 requires holdings of equity securities (except those accounted for under the equity
method or that result in consolidation), including other ownership interests (such as interests
in partnerships, unincorporated joint ventures, and limited liability companies), to be
measured at fair value with changes in the fair value recognized through net income.
However, an institution may choose to measure equity securities and other equity
investments that do not have readily determinable fair values at cost minus impairment, if
any, plus or minus changes resulting from observable price changes in orderly transactions
for the identical or a similar investment of the same issuer.
Include the year-to-date change in net unrealized holding gains (losses) on equity securities
and other equity investments without readily determinable fair values not held for trading that
are measured at fair value through earnings. Also include impairment, if any, plus or minus
changes resulting from observable price changes during the year-to-date reporting period on
equity securities and other equity investments without readily determinable fair values not
held for trading for which this measurement election is made.
Include realized gains (losses) on equity securities and other equity investments during the
year-to-date reporting period. A realized gain (loss) arises if an institution sells an equity
security or other equity investment, but had not yet recorded in earnings the change in value
to the point of sale since the last value change was recorded.
See the Glossary entry for “Securities Activities” for further information on accounting for
investments in equity securities.

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Item No.

RI - INCOME STATEMENT

Caption and Instructions

8.c

Income (loss) before applicable income taxes and discontinued operations. Report the
institution’s pretax income from continuing operations as the sum of Schedule RI, item 8.a,
"Income (loss) before change in net unrealized holding gains (losses) on equity securities not
held for trading, applicable income taxes, and discontinued operations," and Schedule RI,
item 8.b, "Change in net unrealized holding gains (losses) on equity securities not held for
trading." If the amount is negative, report it with a minus (-) sign.

9

Applicable income taxes (on item 8.c). Report the total estimated federal, state and local,
and foreign income tax expense applicable to item 8.c, "Income (loss) before applicable
income taxes and discontinued operations." Include both the current and deferred portions of
these income taxes. If the amount is a tax benefit rather than tax expense, report it with a
minus (-) sign.
Include as applicable income taxes all taxes based on a net amount of taxable revenues
less deductible expenses. Exclude from applicable income taxes all taxes based on gross
revenues or gross receipts (report such taxes in Schedule RI, item 7.d, "Other noninterest
expense").

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Item No.

Caption and Instructions

9
(cont.)

Include income tax effects of changes in tax laws or rates. Also include the effect of changes
in the valuation allowance related to deferred tax assets resulting from a change in estimate
of the realizability of deferred tax assets, excluding the effect of any valuation allowance
changes related to unrealized holding gains (losses) on available-for-sale securities that are
charged or credited directly to the separate component of equity capital for “Accumulated
other comprehensive income" (Schedule RC, item 26.b).
Include the tax benefit of an operating loss carryforward or carryback for which the source of
the income or loss in the current year is reported in Schedule RI, item 8.a, "Income (loss)
before unrealized holding gains (losses) on equity securities not held for trading, applicable
income taxes, and discontinued operations."
Also include the dollar amount of any material adjustments or settlements reached with a
taxing authority (whether negotiated or adjudicated) relating to disputed income taxes of prior
years.
Exclude the estimated federal, state and local, and foreign income taxes applicable to:
(1) Schedule RI, item 11, "Discontinued operations, net of applicable income taxes."
(2) Schedule RI-A, item 2, "Cumulative effect of changes in accounting principles and
corrections of material accounting errors."
(3) Schedule RI-A, item 10, "Other comprehensive income.“
Refer to the Glossary entry for "income taxes" for additional information.

10

Income (loss) before discontinued operations. Report Schedule RI, item 8.c, "Income (loss)
before applicable income taxes and discontinued operations," minus Schedule RI, item 9,
"Applicable income taxes (on item 8.c)." If the amount is negative, report it with a minus (-) sign.

11

Discontinued operations, net of applicable income taxes. Report the results of
discontinued operations, if any, net of applicable income taxes, as determined in accordance
with the provisions of ASC Subtopic 205-20, Presentation of Financial Statements –
Discontinued Operations (formerly FASB Statement No. 144, “Accounting for the Impairment
of Long-Lived Assets”). If the amount reported in this item is a net loss, report it with a
minus (-) sign. State the dollar amount of the results of, and describe each of, the reporting
institution’s discontinued operations included in this item and the applicable income tax effect
in Schedule RI-E, item 3.

12

Net income (loss) attributable to bank and noncontrolling (minority) interests.
Report the sum of Schedule RI, items 10 and 11. If this amount is a net loss, report it with a
minus (-) sign.

13

LESS: Net income (loss) attributable to noncontrolling (minority) interests. Report that
portion of consolidated net income reported in Schedule RI, item 12, above, attributable to
noncontrolling interests in consolidated subsidiaries of the bank. A noncontrolling interest,
also called a minority interest, is the portion of equity in a bank’s subsidiary not attributable,
directly or indirectly, to the parent bank. If the amount reported in this item is a net loss,
report it with a minus (-) sign.

14

Net income (loss) attributable to bank. Report Schedule RI, item 12, less item 13. If this
amount is a net loss, report it with a minus (-) sign.

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Memoranda
Item No.
1

Caption and Instructions
Interest expense incurred to carry tax-exempt securities, loans, and leases acquired
after August 7, 1986, that is not deductible for federal income tax purposes. Report the
bank's best estimate of the amount of the year-to-date interest expense included in
Schedule RI, item 2.e, "Total interest expense," that is subject to a 100 percent loss of
deductibility for federal income tax purposes because it is deemed to have been incurred to
carry tax-exempt securities, loans, and leases of states and political subdivisions in the U.S.
acquired after August 7, 1986. Tax-exempt securities, loans, and leases are those securities,
loans, and leases of states and political subdivisions in the U.S. whose interest is excludable
from gross income under the regular tax system for federal income tax purposes, regardless
of whether the income must be included in the bank's alternative minimum taxable income.
Exclude from this item interest expense incurred to carry (1) tax-exempt securities, loans, and
leases of states and political subdivisions in the U.S. acquired after December 31, 1982, but
before August 8, 1986, and (2) so-called "Qualified tax-exempt obligations" acquired after
August 7, 1986, 20 percent of which is not deductible for federal income tax purposes.
The general formula that may be used for computing the amount of interest expense that is
subject to a 100 percent loss of deductibility is as follows:
Tax-exempt securities, loans, and leases of
states and political subdivisions in the U.S.
acquired after August 7, 1986 (excluding
"Qualified tax-exempt obligations")
(Year-to-date average)
Total assets (Year-to-date average)

X

Year-to-date
total interest
expense (Schedule
RI, item 2.e)

For the March 31, June 30, and September 30 Call Reports, the amount reported in
Memorandum item 1 should not be an estimate of the amount of interest expense that will not
be deductible for the entire calendar year.
2

Income from the sale and servicing of mutual funds and annuities (in domestic
offices). Memorandum item 2 is to be completed by banks with $1 billion or more in total
assets.
Report the amount of income earned by the reporting bank during the calendar year-to-date
from the sale and servicing of mutual funds and annuities (in domestic offices).
Include in this item:
(1) Income earned in connection with mutual funds and annuities that are sold on bank
premises or are otherwise sold by the reporting bank, through a bank subsidiary, or by
affiliated or unaffiliated entities from whom the bank receives income. This income may
be in the form of fees or sales commissions at the time of the sale or fees, including a
share of another entity's fees, that are earned over the duration of the account (e.g.,
annual fees, Rule 12b-1 fees or "trailer fees," and redemption fees). Commissions
should be reported as income as earned at the time of the sale (i.e., on an accrual basis),
but may be reported as income when payment is received if the results would not differ
materially from those obtained using an accrual basis.

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Memoranda
Item No.

Caption and Instructions

2
(cont.)

(2) Income from leasing arrangements with affiliated and unaffiliated entities who
lease space in bank offices for use in selling mutual funds and annuities. Income from
leasing arrangements should be reported as income as earned (i.e., on an accrual basis),
but may be reported as income when payment is received if the results would not differ
materially from those obtained using an accrual basis.
(3) Fees for providing investment advisory services for proprietary mutual funds and annuities.
(4) Fees for providing securities custody, transfer agent, and other operational and ancillary
services to mutual funds and annuities that are sold on bank premises or are otherwise
sold by the reporting bank, through a bank subsidiary, or by affiliated or unaffiliated
entities from whom the bank receives income at the time of the sale or over the duration
of the account.
Also include income from sales conducted through the reporting bank's trust department that
are not executed in a fiduciary capacity (e.g., trustee, executor, administrator, conservator), but
exclude income from sales conducted by the trust department that are executed in a fiduciary
capacity.
In general, this income will have been included in Schedule RI, item 5.d.(1), “Fees and
commissions from securities brokerage“ (for mutual funds) and item 5.d.(3), “Fees and
commissions from annuity sales.” However, income from leasing arrangements, or the portion
thereof, that is fixed in amount and does not vary based on sales volume may have been
reported as a deduction from Schedule RI, item 7.b, "Expenses of premises and fixed assets."
Thus, the income to be included in this item should be reported gross rather than net of
expenses incurred by the reporting bank or a consolidated subsidiary.
Exclude fees earned for providing securities custody, transfer agent, and other operational
and ancillary services to third party mutual funds and annuities that are not sold on bank
premises and are not otherwise sold by the reporting bank, through a bank subsidiary, or by
affiliated or unaffiliated entities from whom the bank receives income at the time of the sale or
over the duration of the account.

3

Income on tax-exempt loans and leases to states and political subdivisions in the U.S.
Report the bank’s best estimate of the income earned on:
(1) Tax-exempt loans to states and political subdivisions in the U.S. reportable in
Schedule RC-C, part I, item 8. On the FFIEC 041, this income will have been included in
Schedule RI, item 1.a.(5), Interest and fee income on “All other loans.” On the FFIEC 031,
this income will have been included in Schedule RI, item 1.a.(1)(f), Interest and fee income
on “All other loans in domestic offices.”
(2) Tax-exempt leases to states and political subdivisions in the U.S. reportable in
Schedule RC-C, part I, item 10. This income will have been included in Schedule RI,
item 1.b, “Income from lease financing receivables,” above.

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Item No.

Caption and Instructions

3
(cont.)

Tax-exempt loans and leases are those loans and leases to states and political subdivisions
in the U.S. whose income is excludable from gross income for federal income tax purposes,
regardless of whether the income from the loan or lease must be included in the bank’s
alternative minimum taxable income and regardless of the federal income tax treatment of the
interest expense incurred to carry the loan or lease.

4

Income on tax-exempt securities issued by states and political subdivisions in the U.S.
Report the bank's best estimate of the income earned on those securities issued by states
and political subdivisions in the U.S. reportable in Schedule RC-B, item 3, the income from
which is excludable from gross income for federal income tax purposes, regardless of
whether the income from the securities must be included in the bank's alternative minimum
taxable income and regardless of the federal income tax treatment of the interest expense
incurred to carry the securities.

5

Number of full-time equivalent employees at end of current period. Report the number
of full-time equivalent employees of the bank and its consolidated subsidiaries as of the report
date (round to the nearest whole number). For purposes of this Memorandum item, a bank
should include as employees individuals who, in form, are employed by an affiliate but who, in
substance, do substantially all of their work for the reporting bank. However, banking
organizations should not segregate the compensation component of other intercompany cost
allocations arising from arrangements other than that described in the preceding sentence nor
calculate the related pro rata number of full-time equivalent employees for purposes of this
Memorandum item.
To convert the number of part-time employees to full-time equivalent employees, add the total
number of hours all part-time and temporary employees worked during the quarter ending on
the report date and divide this amount by the number of hours a full-time employee would have
been expected to work during the quarter. Round the result to the nearest whole number and
add it to the number of full-time employees. (A full-time employee may be expected to work
more or less than 40 hours each week, depending on the policies of the reporting bank.)

NOTE: Memorandum item 6 is applicable only to banks filing the FFIEC 041 report form.
6

Interest and fee income on loans to finance agricultural production and other loans to
farmers.
Memorandum items 6 is to be completed by:
•
•

banks with $300 million or more in total assets, and
banks with less than $300 million in total assets and with loans to finance agricultural
production and other loans to farmers (as reported in Schedule RC-C, part I, item 3,
column B) exceeding five percent of total loans and leases held for investment and held for
sale (Schedule RC-C, part I, item 12).

Report in this item all interest, fees, and similar charges levied against or associated with all
loans reportable in Schedule RC-C, part I, item 3, column B, "Loans to finance agricultural
production and other loans to farmers."

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Item No.
7

Caption and Instructions
If the reporting institution has applied pushdown accounting this calendar year, report
the date of the institution's acquisition. Pushdown accounting is an acquired institution’s
establishment of a new accounting basis in its separate financial statements (including its
Consolidated Reports of Condition and Income) when an acquirer obtains control of the
acquired institution and the institution retains its separate corporate existence. Under ASU
No. 2014-17, “Pushdown Accounting,” which amended ASC Subtopic 805-50, Business
Combinations–Related Issues, an acquired institution that retains its separate corporate
existence may apply pushdown accounting upon a change-in-control event. A change-incontrol event occurs when an acquirer obtains a controlling financial interest in the acquired
institution. A controlling financial interest typically requires ownership of more than 50
percent of the voting rights in an acquired entity. For further information, see the “pushdown
accounting” section of the Glossary entry for "business combinations."
If the reporting institution was acquired during the calendar year-to-date reporting period, has
retained its separate corporate existence, and has elected to apply pushdown accounting in
its separate financial statements (including its Consolidated Reports of Condition and
Income) in accordance with the "pushdown accounting" section of the Glossary entry for
"business combinations," report the date (year, month, and day) as of which the acquisition
took place. For example, an institution that was acquired as of the close of business June 1,
2018, and elected to apply pushdown accounting in its separate financial statements
(including its Consolidated Reports of Condition and Income) would report 20180601 in this
Memorandum item for June 30, September 30, and December 31, 2018.
An acquired institution that has elected pushdown accounting also must report certain
information on its loans and leases reported as held for investment after applying pushdown
accounting in Schedule RC-C, Part I, Memorandum items 12.a through 12.d, in the reports
for June 30 and December 31 of the calendar year of acquisition, as appropriate, regardless
of whether the institution still holds the loans and leases.
If the reporting institution has not been acquired during this calendar year or if the reporting
institution has been acquired during this calendar year but it did not elect to apply pushdown
accounting, the institution should report zeros (i.e., 00000000) for the date in this
Memorandum item.

NOTE: Memorandum item 8 is not applicable to banks filing the FFIEC 041 report form.
8

Trading revenue (from cash instruments and derivative instruments).
Memorandum items 8.a through 8.e are to be completed by banks that reported total trading
assets (in Schedule RC, item 5) of $10 million or more for any quarter of the preceding
calendar year.
Report, in Memorandum items 8.a through 8.e, below, a breakdown of trading revenue that
has been included in the body of the income statement in Schedule RI, item 5.c. For each of
the five types of underlying risk exposure, report the combined revenue (net gains and
losses) from trading cash instruments and derivative instruments. For purposes of
Memorandum item 8, the reporting bank should determine the underlying risk exposure
category in which to report the trading revenue from cash instruments and derivative
instruments in the same manner that the bank makes this determination for other financial
reporting purposes. The sum of Memorandum items 8.a through 8.e must equal
Schedule RI, item 5.c.

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Item No.

Caption and Instructions

8.a

Interest rate exposures. Report in this item net gains (losses) from trading cash instruments
and derivative contracts that the reporting bank manages as interest rate exposures. Interest
rate exposures may arise from cash debt instruments (e.g., U.S. Treasury securities) and
interest rate contracts. Interest rate contracts are those contracts related to an interestbearing financial instrument or whose cash flows are determined by referencing interest rates
or another interest rate contract (e.g., an option on a futures contract to purchase a Treasury
bill). Interest rate contracts include interest rate futures, single currency interest rate swaps,
basis swaps, forward rate agreements, and interest rate options, including caps, floors, collars,
and corridors.
Exclude trading revenue on contracts involving the exchange of foreign currencies
(e.g., cross-currency swaps and currency options) that the reporting bank manages as foreign
exchange exposures. Report such trading revenue in Memorandum item 8.b.

8.b

Foreign exchange exposures. Report in this item net gains (losses) from trading cash
instruments and derivative contracts that the reporting bank manages as foreign exchange
exposures. Foreign exchange exposures may arise from cash instruments (e.g., debt
securities) denominated in non-U.S. currencies and foreign exchange rate contracts. Foreign
exchange rate contracts are those contracts to purchase foreign (non-U.S.) currencies and
U.S. dollar exchange in the forward market, i.e., on an organized exchange or in an
over-the-counter market. A purchase of U.S. dollar exchange is equivalent to a sale of foreign
currency. Foreign exchange rate contracts include cross-currency interest rate swaps where
there is an exchange of principal, forward and spot foreign exchange contracts, and currency
futures and currency options.

8.c

Equity security and index exposures. Report in this item net gains (losses) from trading
cash instruments and derivative contracts that the reporting bank manages as equity security
or index exposures. Equity security or index exposures may arise from equity securities and
equity security or index (i.e., equity derivative) contracts. Equity derivative contracts are
contracts that have a return, or a portion of their return, linked to the price of a particular
equity or to an index of equity prices, such as the Standard and Poor's 500.

8.d

Commodity and other exposures. Report in this item net gains (losses) from trading cash
instruments and derivative contracts that the reporting bank manages as commodity or other
exposures. Commodity or other exposures may arise from commodities and commodity and
other derivative contracts not reported as interest rate, foreign exchange, equity, or credit
derivative contracts. Commodity and other contracts are contracts that have a return, or a
portion of their return, linked to the price or to an index of precious metals, petroleum, lumber,
agricultural products, etc. Commodity and other contracts also include any other contracts
that are not reportable as interest rate, foreign exchange, equity, or credit derivative
contracts.

8.e

Credit exposures. Report in this item net gains (losses) from trading cash instruments and
derivative contracts that the reporting bank manages as credit exposures. Credit exposures
may arise from cash debt instruments (e.g., debt securities) and credit derivative contracts.
In general, credit derivative contracts are arrangements that allow one party (the
"beneficiary") to transfer the credit risk of a "reference asset" or “reference entity” to another
party (the "guarantor"). Credit derivative contracts include credit default swaps, total return
swaps, credit options, and other credit derivatives.

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Memoranda
Item No.

Caption and Instructions

NOTE: Schedule RI, Memorandum items 8.f through 8.h, are to be completed by banks filing the
FFIEC 031 report form that have $100 billion or more in total assets and are required to complete
Schedule RI, Memorandum items 8.a through 8.e.
8.f

Impact on trading revenue of changes in the creditworthiness of the bank’s derivatives
counterparties on the bank’s derivative assets (included in Memorandum items 8.a
through 8.e above):

8.f.(1)

Gross credit valuation adjustment (CVA). Report the year-to-date change in gross credit
valuation adjustments (i.e., excluding the results of CVA hedges) included in the trading
revenue reported in Schedule RI, item 5.c. The CVA is an adjustment to the fair value of
derivatives exposures to account for possible non-performance of the bank’s derivatives
counterparties. It is an estimate of the fair value of counterparty credit risk. In instances
where CVA is a component in a bilateral valuation adjustment calculation for a derivatives
counterparty, include the year-to-date change in the gross CVA component for that
counterparty in this item. A net decrease in the CVA balance over the year-to-date reporting
period (e.g., from improving counterparty creditworthiness) should be reported as a positive
change. A net increase in the CVA balance over the year-to-date reporting period (e.g., from
declining counterparty creditworthiness) should be reported as a negative change with a
minus (-) sign.

8.f.(2)

CVA hedges. For those derivatives exposures for which the year-to-date change in the
gross CVA is reported in Schedule RI, Memorandum item 8.f.(1), above, report in this item
the year-to-date effect of hedges of those CVA exposures that is included in Schedule RI,
item 5.c, “Trading revenue.”

8.g

Impact on trading revenue of changes in the creditworthiness of the bank on the
bank’s derivative liabilities (included in Memorandum items 8.a through 8.e above):

8.g.(1)

Gross debit valuation adjustment (DVA). Report the year-to-date change in gross debit
valuation adjustments (i.e., excluding the results of DVA hedges) included in the trading
revenue reported in Schedule RI, item 5.c. The DVA is an adjustment to the fair value of
derivatives exposures that accounts for possible non-performance by the bank. It is an
estimate of the fair value of the bank’s own credit risk to its counterparties. In instances
where DVA is a component in a bilateral valuation adjustment calculation for a derivatives
counterparty, include the year-to-date change in the gross DVA component for that
counterparty in this item. A net increase in the DVA balance over the year-to-date reporting
period (e.g., from declining bank creditworthiness) should be reported as a positive change.
A net decrease in the DVA balance over the year-to-date reporting period (e.g., from
improving bank creditworthiness) should be reported as a negative change with a minus (-)
sign.

8.g.(2)

DVA hedges. For those derivatives exposures for which the year-to-date change in the
gross DVA is reported in Schedule RI, Memorandum item 8.g.(1), above, report in this item
the year-to-date effect of hedges of those DVA exposures that is included in Schedule RI,
item 5.c, “Trading revenue.”

8.h

Gross trading revenue, before including positive or negative net CVA and net DVA.
Report as gross trading revenue the year-to-date results of trading activities prior to the
impact of any year-to-date changes in valuation adjustments, including, but not limited to,
CVA and DVA. The sum of the gross trading revenue reported in Memorandum item 8.h plus

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Item No.

Caption and Instructions

8.h
(cont.)

or minus all year-to-date changes in valuation adjustments, as appropriate, should equal
Schedule RI, item 5.c, “Trading revenue.” Because there are valuation adjustments other
than CVA and DVA, the sum of the gross trading revenue reported in Memorandum item 8.h
plus or minus the year-to-date changes in CVA and DVA reported in Memorandum
items 8.f.(1) and 8.g.(1) may not equal the amount reported for trading revenue in
Schedule RI, item 5.c.

NOTE: Memorandum items 9.a and 9.b are to be completed by institutions with $10 billion or more in
total assets.
9

Net gains (losses) recognized in earnings on credit derivatives that economically
hedge credit exposures held outside the trading account. Report in the appropriate
subitem the net gains (losses) recognized in earnings on credit derivatives that economically
hedge credit exposures held outside the trading account, regardless of whether the credit
derivative is designated as and qualifies as a hedging instrument under generally accepted
accounting principles. Credit exposures held outside the trading account include, for
example, nontrading assets (such as available-for-sale securities and loans held for
investment) and unused lines of credit.

9.a

Net gains (losses) on credit derivatives held for trading. Report the net gains (losses)
recognized in earnings on credit derivatives held for trading (and reportable as trading assets
or trading liabilities, as appropriate, in Schedule RC, item 5 or item 15, respectively) that
economically hedge credit exposures held outside the trading account. The net gains
(losses) on credit derivatives reported in this item will also have been included as trading
revenue in Schedule RI, Memorandum item 8.e, “Credit exposures.”

9.b

Net gains (losses) on credit derivatives held for purposes other than trading.
Report the net gains (losses) recognized in earnings on credit derivatives held for purposes
other than trading (and reportable as other assets or other liabilities, as appropriate, in
Schedule RC, item 11 or item 20, respectively) that economically hedge credit exposures
held outside the trading account. Net gains (losses) on credit derivatives held for purposes
other than trading should not be reported as trading revenue in Schedule RI, item 5.c.

10

Credit losses on derivatives.
Memorandum item 10 is applicable to all banks filing the FFIEC 031 report forms and to
those banks filing the FFIEC 041 report forms that have $300 million or more in total assets.
Report the bank's year-to-date credit losses incurred on derivative contracts (as defined for
Schedule RC-L, items 7 and 12), net of recoveries (e.g., net charge-offs). The amount
reported in this item should include all credit losses recognized in the bank’s income
statement in any manner, e.g., as a charge against trading revenue. If the amount to be
reported in this item represents year-to-date net recoveries, report this amount with a
minus (-) sign.

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Memoranda
Item No.

Caption and Instructions

11

Does the reporting bank have a Subchapter S election in effect for federal income tax
purposes for the current tax year? Indicate in the boxes marked “YES” and “NO” whether
the bank is, for federal income tax purposes, either an "S corporation" or a "qualifying
subchapter S subsidiary," as defined in Internal Revenue Code Section 1361, as of the report
date. In order to be an S corporation, the bank must have filed a valid election with the
Internal Revenue Service and obtained the consent of all of its shareholders. An election for
a bank to be a qualifying subchapter S subsidiary must have been made by a bank's parent
holding company, which must also have made a valid election to be an S corporation. In
addition, the bank (and its parent holding company, if applicable) must meet specific criteria
for federal income tax purposes at all times during which the election remains in effect.
These specific criteria include, for example, having no more than 100 qualifying shareholders
and having only one class of stock outstanding.

12

Not applicable.

13

Net gains (losses) recognized in earnings on assets and liabilities that are reported
at fair value under a fair value option. Report in the appropriate subitem the total amount
of pretax gains (losses) from fair value changes included in earnings during the calendar year
to date for all assets and liabilities accounted for at fair value under a fair value option.
If the amount to be reported is a net loss, report it with a minus (-) sign. Disclosure of such
gains (losses) is also required by ASC Subtopic 825-10, Financial Instruments – Overall
(formerly FASB Statement No. 159, “Fair Value Option for Financial Assets and Financial
Liabilities,” paragraphs 19 and C7(b)) and ASC Subtopic 860-50, Transfers and Servicing –
Servicing Assets and Liabilities (formerly FASB Statement No. 156, “Accounting for Servicing
of Financial Assets,” paragraph 4(f)(1)(d)).

13.a

Net gains (losses) on assets. Report the total amount of pretax gains (losses) from fair
value changes included in earnings during the calendar year to date for all assets, including
hybrid financial instruments and servicing assets, accounted for under a fair value option.
This amount will reflect the reported interest included in total interest income in Schedule RI,
item 1.h, and revaluation adjustments included in noninterest income in Schedule RI,
items 5.c, 5.f, and 5.l. Exclude gains and losses for other items measured at fair value, such
as items required to be measured at fair value.

13.a.(1)

Estimated net gains (losses) on loans attributable to changes in instrument-specific
credit risk. For loans reported at fair value under a fair value option, report the estimated
portion of the change in fair value included in earnings attributable to changes in instrumentspecific credit risk. Include all such loans reported in Schedule RC, items 4.a, 4.b, and 5.

13.b

Net gains (losses) on liabilities. Report the total amounts of pretax gains (losses) from fair
value changes included in earnings during the calendar year to date for all liabilities, including
hybrid financial instruments and servicing liabilities, accounted for under a fair value option.
This amount will reflect the reported interest included in total interest expense in Schedule RI,
item 2.e, and revaluation adjustments included in noninterest income in Schedule RI, items
5.c, 5.f, and 5.l. Exclude gains and losses for other items measured at fair value, such as
items required to be measured at fair value.

13.b.(1)

Estimated net gains (losses) on liabilities attributable to changes in instrumentspecific credit risk. For liabilities reported at fair value under a fair value option, report the
estimated portion of the change in fair value included in earnings attributable to changes in
instrument-specific credit risk.

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Memoranda
Item No.

Caption and Instructions

14

Not applicable.

15

Components of service charges on deposit accounts (in domestic offices).
Memorandum items 15.a through 15.d are to be completed by institutions with $1 billion or
more in total assets1 that answered “Yes” to Schedule RC-E, (Part I,) Memorandum item 5,
“Does your institution offer one or more consumer deposit account products, i.e., transaction
account or nontransaction savings account deposit products intended primarily for individuals
for personal, household, or family use?” Such institutions should report in the appropriate
subitem the year-to-date amount of the specified category of service charges on deposit
accounts included in Schedule RI, item 5.b, “Service charges on deposit accounts (in
domestic offices). Consistent with the instructions for Schedule RI, item 5.b, the amount of
service charges on deposit accounts reported in Memorandum items 15.a through 15.d
should be net of amounts refunded to depositors.
The specified categories of service charges to be reported in Schedule RI, Memorandum
items 15.a through 15.c, are those levied against consumer deposit account products offered
by the reporting institution during the calendar year to date that would be reportable in
Schedule RC-E, Memorandum items 6.a, 6.b, 7.a.(1), and 7.b.(1).
Once a customer has opened a deposit account with the reporting institution that is a deposit
product intended primarily for individuals for personal, household, or family use, the institution
is not required thereafter to review the customer’s status or usage of the account to
determine whether the transaction account is being used for personal, household, or family
purposes. Thus, when reporting the amount of service charges on consumer deposit account
products in Schedule RI, Memorandum items 15.a through 15.c, below, the reporting
institution is not required to identify those individual accounts within the population of a
particular consumer deposit account product that are not being used for personal, household,
or family purposes and remove any service charges levied against these accounts from the
total amounts of overdraft-related, periodic maintenance, and customer automated teller
machine (ATM) fees charged to customer accounts within that consumer deposit product.
Treatment of Transfer Fees – If the reporting institution levies a service charge or fee on a
consumer deposit account for a transfer between the account holder’s deposit account and
another account (including a loan account) regardless of the means by which the transfer is
effected (e.g., in person, by telephone, via an ATM, and via online account access), the
transfer fee should be reported in Schedule RI, Memorandum item 15.d, “All other service
charges on deposit accounts.” In contrast, if the reporting institution levies a service charge
or fee on a consumer deposit account for the account holder’s use of an ATM to effect a
transfer between the account holder’s deposit account and another account (and not for the
transfer itself), the service charge or fee is considered a fee for accessing the ATM and
should be reported in Schedule RI, Memorandum item 15.c, “Consumer customer automated
teller machine (ATM) fees levied on those transaction account and nontransaction savings
account deposit products intended primarily for individuals for personal, household, or family
use,” and is not considered a transfer fee.
The sum of Memorandum items 15.a through 15.d must equal Schedule RI, item 5.b.

In general, the determination as to whether an institution has $1 billion or more in total assets is measured as of
June 30 of the previous calendar year. See pages 3 and 4 of the General Instructions for guidance on shifts in
reporting status.

1

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Item No.

Caption and Instructions

15.a

Consumer overdraft-related service charges levied on those transaction account and
nontransaction savings account deposit products intended primarily for individuals for
personal, household, or family use. For deposit account products intended, marketed, or
presented to the public primarily for individuals for personal, household, or family use, report
the amount of service charges and fees related to the processing of payments and debits
against insufficient funds, including “nonsufficient funds (NSF) check charges,” that the
reporting institution assesses with respect to items that it either pays or returns unpaid, and
all subsequent charges levied against overdrawn accounts, but excluding those fees
equivalent to interest and reported in Schedule RI, item 1, “Interest and fee income on loans.”

15.b

Consumer account periodic maintenance charges levied on those transaction account
and nontransaction savings account deposit products intended primarily for
individuals for personal, household, or family use. For deposit account products
intended, marketed, or presented to the public primarily for individuals for personal,
household, or family use, report the amount of service charges levied on such consumer
deposit accounts for account holders’ maintenance of their deposit accounts with the
reporting institution (often labeled “monthly maintenance charges”). Include recurring fees
not subject to waiver, which include fixed monthly or other periodic charges levied against a
consumer deposit account for the maintenance of the account that the account holder cannot
avoid under any circumstances, including, for example, by maintaining other deposit or loan
accounts with the institution, maintaining a minimum deposit balance, or engaging in a
specified level of account activity (such as the number of debit card transactions) during a
month or other period. Also include maintenance charges subject to waiver during a month
or other period that have not been waived, but have been levied against a consumer deposit
account because of the account holder’s failure to maintain specified minimum deposit
balances or meet other requirements (e.g., requirements related to transacting and
purchasing other services).
Exclude so-called “per-check fees” levied on consumer deposit accounts regardless of
whether such fees are charged, for example, (a) for each check that is paid during a month
or other period, (b) if a specified minimum account balance is not maintained during a month
or other period, or (c) if the number of checks paid during a month or other period exceeds
a specified number. “Per-check fees” should be reported in Schedule RI, Memorandum
item 15.d, “All other service charges on deposit accounts.” In addition, exclude so-called
“per-item fees” that function in a manner similar to “per-check fees” and report such fees in
Memorandum item 15.d.
Also exclude event-based service charges and fees levied on consumer deposit accounts,
such as stop payment fees and wire transfer fees. Such service charges and fees should be
reported in Schedule RI, Memorandum item 15.d.

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Item No.

Caption and Instructions

15.c

Consumer customer automated teller machine (ATM) fees levied on those transaction
account and nontransaction savings account deposit products intended primarily for
individuals for personal, household, or family use. For deposit account products
maintained at the reporting institution and intended, marketed, or presented to the public
primarily for individuals for personal, household, or family use, report the amount of service
charges and fees levied against such consumer deposit accounts by the reporting institution
for the account holder’s use of ATMs or remote service units (RSUs) owned, operated, or
branded by the institution, other institutions, or other third-party, non-bank ATM operators to
access the account holder’s consumer deposit accounts at the institution for purposes of
conducting transactions and other activities. Such transactions and other activities include
deposits to or withdrawals from consumer deposit accounts, account balance inquiries, and
transfers between the account holder’s consumer deposit account and another account
(including a loan account). (See the “Treatment of Transfer Fees” above in the instructions
for Schedule RI, Memorandum item 15.)
Exclude service charges levied by the reporting institution against deposit accounts
maintained at other institutions for transactions conducted through the use of ATMs or RSUs
owned, operated, or branded by the reporting institution. Also exclude debit card interchange
fees. Such service charges and interchange fees should be reported in Schedule RI, item 5.l,
“Other noninterest income,” not in Schedule RI, item 5.b.

15.d

All other service charges on deposit accounts. Report all other service charges on
deposit accounts (in domestic offices) levied by the reporting institution and not reported in
Schedule RI, Memorandum items 15.a, 15.b, and 15.c. Include service charges and fees on
the reporting institution’s deposit account products intended for use by a broad range of
depositors (which may include individuals), rather than being intended, marketed, or
presented to the public primarily for individuals for personal, household, or family use. For
deposit account products intended for use by a broad range of depositors, the reporting
institution need not identify the fees charged to accounts held by individuals for personal,
household, or family use and need not report these fees in one of the three categories of
consumer deposit account fees above.
Include “per-check fees” and “per-item fees” (as discussed in the instructions to Schedule RI,
Memorandum item 15.b, above) and event-based service charges and fees (such as stop
payment fees and wire transfer fees) levied on deposit accounts, including consumer deposit
accounts. See the instructions for Schedule RI, Memorandum item 15, above for information
on the “Treatment of Transfer Fees.”

FFIEC 031 and 041

RI-36
(3-24)

RI - INCOME STATEMENT

FFIEC 031 and 041

RI-A - EQUITY CAPITAL

SCHEDULE RI-A – CHANGES IN BANK EQUITY CAPITAL
General Instructions
This schedule is to be completed quarterly by all banks.
Total bank equity capital includes perpetual preferred stock, common stock, surplus, retained earnings,
and accumulated other comprehensive income. All amounts in Schedule RI-A, other than those reported
in items 1, 3, and 12, should represent net aggregate changes for the calendar year-to-date. Report all
net decreases and losses (net reductions in bank equity capital) with a minus (-) sign.
Item No.
1

Caption and Instructions
Total bank equity capital most recently reported for the December 31, 20xx, Reports
of Condition and Income. Report the bank's total equity capital balance as reported in the
Reports of Condition and Income for the previous calendar year-end after the effect of all
corrections and adjustments to total bank equity capital that were made in any amended
report(s) for the previous calendar year-end.
For banks opened since January 1 of the current calendar year, report a zero in this item.
Report the bank's opening (original) total equity capital in Schedule RI-A, item 5, "Sale,
conversion, acquisition, or retirement of capital stock, net."

2

Cumulative effect of changes in accounting principles and corrections of material
accounting errors. Report the sum of the cumulative effect, net of applicable income taxes,
of all changes in accounting principles adopted during the calendar year-to-date reporting
period that were applied retroactively and for which prior years' financial statements were
restated and all corrections resulting from material accounting errors that were made in prior
years' Reports of Condition and Income and not corrected by the filing of an amended report
for the period in which the error was made.
Include only those corrections that result from:
(1) Mathematical mistakes.
(2) Mistakes in applying accounting principles.
(3) Improper use of information which existed when the prior Reports of Condition and
Income were prepared.
(4) A change from an accounting principle that is neither accepted nor sanctioned by bank
supervisors to one that is acceptable to supervisors.
The effect of accounting errors differs from the effect of changes in accounting estimates.
Changes in accounting estimates are an inherent part of the accrual accounting process.
Report the effect of any changes in accounting estimates in the appropriate line items of
Schedule RI, Income Statement.
The cumulative effect of a change in accounting principle is the difference between (1) the
balance in the retained earnings account at the beginning of the year in which the change is
made and (2) the balance in the retained earnings account that would have been reported

FFIEC 031 and 041

RI-A-1
(9-16)

RI-A - EQUITY CAPITAL

FFIEC 031 and 041

RI-A - EQUITY CAPITAL

Item No.

Caption and Instructions

2
(cont.)

at the beginning of the year had the newly adopted accounting principle been applied in all
prior periods.
State the dollar amount of and describe the cumulative effect of each accounting principle
change and accounting error correction included in this item in Schedule RI-E, item 4.
Refer to the Glossary entry for "accounting changes" for additional information on how to
report the effects of changes in accounting principles, corrections of errors, and changes in
estimates.

3

Balance end of previous calendar year as restated. Report the sum of items 1 and 2.

4

Net income (loss) attributable to bank. Report the net income (loss) attributable to the
bank for the calendar year-to-date as reported in Schedule RI, item 14, "Net income (loss)
attributable to bank."

5

Sale, conversion, acquisition, or retirement of capital stock, net (excluding treasury
stock transactions). Report the changes in the bank's total equity capital resulting from:
(1) Sale of the bank's perpetual preferred stock or common stock. Limited-life preferred
stock is not included in equity capital; any proceeds from the sale of limited-life preferred
stock during the calendar year-to-date is not to be reported in this schedule.
(2) Exercise of stock options, including:
(a) Any income tax benefits to the bank resulting from the sale of the bank's own stock
acquired under a qualified stock option within three years of its purchase by the
employee who had been granted the option.
(b) Any tax benefits to the bank resulting from the exercise (or granting) of nonqualified
stock options (on the bank's stock) based on the difference between the option price
and the fair market value of the stock at the date of exercise (or grant).
(3) Conversion of convertible debt, limited-life preferred stock, or perpetual preferred stock
into perpetual preferred or common stock.
(4) Redemption of perpetual preferred stock or common stock.
(5) Retirement of perpetual preferred stock or common stock.
(6) Capital-related transactions involving the bank's Employee Stock Ownership Plan.
(7) The awarding of share-based employee compensation classified as equity. Under
ASC Topic 718, Compensation-Stock Compensation (formerly FASB Statement
No. 123(R), “Share-Based Payment”), the compensation cost for such an award must be
recognized over the requisite service period with a corresponding credit to equity. This
reporting treatment applies regardless of whether the shares awarded to an employee
are shares of bank stock or shares of stock in the bank's parent holding company.

FFIEC 031 and 041

RI-A-2
(9-16)

RI-A - EQUITY CAPITAL

FFIEC 031 and 041

Item No.

Caption and Instructions

5
(cont.)

Include in this item:

RI-A - EQUITY CAPITAL

(1) The net decrease in equity capital that occurs when cash is distributed in lieu of fractional
shares in a stock dividend.
(2) The net increase in equity capital when a stockholder who receives a fractional share
from a stock dividend purchases the additional fraction necessary to make a whole share.
Exclude treasury stock transactions from this item (report such transactions in Schedule RI-A,
item 6, below).
For banks opened since January 1 of the year-to-date reporting period, report opening
(original) equity capital in this item. Pre-opening income earned and expenses incurred from
the bank's inception until the date the bank commenced operations should be reported in the
Report of Income using one of the two following methods, consistent with the manner in
which the bank reports pre-opening income and expenses for other financial reporting
purposes:
(1) Pre-opening income and expenses for the entire period from the bank's inception until the
date the bank commenced operations should be reported in the appropriate items of
Schedule RI, Income Statement, each quarter during the calendar year in which
operations commenced; or
(2) Pre-opening income and expenses for the period from the bank's inception until the
beginning of the calendar year in which the bank commenced operations should be
included, along with the bank's opening (original) equity capital, in this item. The net
amount of these pre-opening income and expenses should be identified and described in
Schedule RI-E, item 7. Pre-opening income earned and expenses incurred during the
calendar year in which the bank commenced operations should be reported in the
appropriate items of Schedule RI, Income Statement, each quarter during the calendar
year in which operations commenced.

6

Treasury stock transactions, net. Report the change in the bank’s total equity capital
during the calendar year to date from the acquisition (without retirement) and resale or other
disposal of the bank's own perpetual preferred stock or common stock, i.e., treasury stock
transactions (see the Glossary entry for "treasury stock").

7

Changes incident to business combinations, net. If the reporting institution purchased
another institution or business during the year-to-date reporting period, report the fair value of
any perpetual preferred or common shares issued (less the direct cost of issuing the shares).
Exclude the fair value of limited-life preferred stock issued in connection with purchase
acquisitions. Refer to the Glossary entry for "business combinations" for further information
on purchase acquisitions.
If the reporting institution was acquired in a transaction that became effective during the
reporting period, retained its separate corporate existence, and elected to apply pushdown
accounting in its separate financial statements (including its Consolidated Reports of
Condition and Income), report in this item the initial increase or decrease in equity capital that
results from the application of pushdown accounting, i.e., the difference between the
institution's total equity capital as of the end of the previous calendar year and its restated
equity capital after the pushdown adjusting entries have been recorded as of the acquisition
date. For further information on pushdown accounting, refer to the Glossary entry for
"business combinations."

FFIEC 031 and 041

RI-A-3
(12-20)

RI-A - EQUITY CAPITAL

FFIEC 031 and 041

RI-A - EQUITY CAPITAL

Item No.

Caption and Instructions

7
(cont.)

If the reporting institution was involved in a transaction between entities under common
control that became effective during the year-to-date reporting period and has been
accounted for in a manner similar to a pooling of interests, report in this item the historical
equity capital balances as of the end of the previous calendar year of the institution or other
business that was combined with the reporting institution in the transaction. For further
information on transactions between entities under common control, refer to the Glossary
entry for "business combinations."

8

LESS: Cash dividends declared on preferred stock. Report all cash dividends declared
on limited-life preferred and perpetual preferred stock during the calendar year-to-date,
including dividends not payable until after the report date.
Do not include dividends declared during the previous calendar year but paid in the current
period.
Refer to the Glossary entry for "dividends" for further information on cash dividends.

9

LESS: Cash dividends declared on common stock. Report all cash dividends declared
on common stock during the calendar year-to-date, including dividends not payable until after
the report date.
Do not include dividends declared during the previous calendar year but paid in the current
period.
For further information on cash dividends, see the Glossary entry for "dividends."

10

Other comprehensive income. Report the institution’s other comprehensive income,
including reclassification adjustments, for the calendar year-to-date, net of applicable income
taxes, if any. Reclassification adjustments are adjustments made to avoid double counting of
items in comprehensive income that are presented as part of net income for the calendar
year-to-date reporting period that also had been presented as part of other comprehensive
income in that reporting period or earlier reporting periods. If the amount to be reported in
this item represents a reduction in the institution’s equity capital, report the amount with a
minus (-) sign.
Items of other comprehensive income include:
(1) The change in net unrealized holding gains (losses) on the institution’s available-for-sale
debt securities.
(2) Unrealized holding gains (losses) that result from a debt security being transferred into
the available-for-sale category from the held-to-maturity category.
(3) For a debt security transferred into the held-to-maturity category from the available-forsale category, amortization of the unrealized holding gain (loss) on the debt security at
the date of transfer. Consistent with ASC Subtopic 320, Investments-Debt Securities,
this unrealized holding gain (loss) should be amortized over the remaining life of the debt
security as an adjustment of yield.
(4) The portion of other-than-temporary impairment losses on available-for-sale and
held-to-maturity debt securities that was not recognized in earnings in accordance with
ASC Topic 320, Investments-Debt Securities, subsequent decreases (if not

FFIEC 031 and 041

RI-A-4
(12-20)

RI-A - EQUITY CAPITAL

FFIEC 031 and 041

Item No.

RI-A - EQUITY CAPITAL

Caption and Instructions

10
(cont.)

other-than-temporary impairment losses) or increases in the fair value of available-forsale debt securities previously written down as other-than-temporarily impaired, and
subsequent accretion (based on the amount and timing of future estimated cash flows) of
the portion of other-than-temporary impairment losses on held-to-maturity debt securities
not recognized in earnings.
(5) The change in the institution’s accumulated net gains (losses) on derivative instruments
that are designated as, and qualify as, cash flow hedges.
(6) For derivative instruments that are designated in qualifying hedging relationships, the
year-to-date difference between the changes in fair value of components excluded from
assessments of effectiveness and the initial value of the excluded components
recognized in earnings under a systematic and rational method when the amortization
approach for excluded components has been elected in accordance with ASC Topic 815,
Derivatives and Hedging.
(7) Gains (losses) and transition assets or obligations associated with single-employer
defined benefit pension and other postretirement plans not recognized immediately as a
component of net periodic benefit cost and prior service costs or credits associated with
such plans, which are accounted for in accordance with ASC Topic 715, CompensationRetirement Benefits.
(8) The portion of the total change in the fair value of a liability resulting from a change in the
instrument-specific credit risk (“own credit risk”) when the institution has elected to
measure the liability at fair value in accordance with the fair value option for financial
instruments.
(9) On the FFIEC 031 only, the change in the institution’s cumulative foreign currency
translation adjustments and gains (losses) on certain foreign currency transactions.
Refer to the Glossary entry for "Foreign Currency Transactions and Translation" for
further information on accounting for foreign currency translation.
Exclude the year-to-date change in net unrealized holding gains (losses) on equity securities
with readily determinable fair values not held for trading (report in Schedule RI, item 8.b).
For further guidance on reporting other comprehensive income, see ASC Topic 220,
Comprehensive Income.

11

Other transactions with stockholders (including a parent holding company). Report the
net aggregate amount of transactions with the institution's stockholders, including its parent
holding company, if any, that affect equity capital directly (other than those transactions
reported in Schedule RI-A, items 5, 6, 8, and 9, above), such as:
(1) Capital contributions, other than those for which stock has been issued to stockholders.
Include amounts contributed to the subsidiary institution from stockholders, including
grants received by a parent holding company that are in turn transferred to the subsidiary
institution. Report issuances of perpetual preferred and common stock and sales of
treasury stock in Schedule RI-A, items 5 and 6, respectively; issuances of limited-life
preferred stock are not reported in Schedule RI-A.
(2) Dividends distributed to stockholders in the form of property rather than cash (report cash
dividends in Schedule RI-A, items 8 or 9, as appropriate). Record such property
dividends at the fair value of the transferred asset. Include any gain or loss recognized
on the disposition of the asset in the determination of net income for the calendar

FFIEC 031 and 041

RI-A-5
(12-22)

RI-A - EQUITY CAPITAL

FFIEC 031 and 041

Item No.

RI-A - EQUITY CAPITAL

Caption and Instructions

11
(cont.)

year-to-date in Schedule RI, Income Statement. Refer to the Glossary entry for
"Dividends" for additional information on property dividends.
(3) Return-of-capital transactions in which contributed capital (i.e., surplus) is reduced
without retiring stock and cash is distributed to the institution’s stockholders.
State the dollar amount of and describe each transaction included in this item in
Schedule RI-E, item 5.

12

Total bank equity capital end of current period. Report the sum of Schedule RI-A, items 3
through 11. This item must equal Schedule RC, item 27.a, "Total bank equity capital."

FFIEC 031 and 041

RI-A-6
(12-22)

RI-A - EQUITY CAPITAL

FFIEC 031 and 041

RI-B - ALLOWANCE

SCHEDULE RI-B – CHARGE-OFFS AND RECOVERIES ON LOANS
AND LEASES AND CHANGES IN ALLOWANCES FOR CREDIT
LOSSES
Part I. Charge-offs and Recoveries on Loans and Leases
General Instructions
This part has two columns. In column A report loans and leases charged off against the allowance for
credit losses on loans and leases during the current calendar year-to-date. Also include in column A
write-downs to fair value on loans (and leases) transferred to the held-for-sale account during the
calendar year-to-date that occurred when (1) the reporting bank decided to sell loans that were not
originated or otherwise acquired with the intent to sell and (2) the fair value of those loans had declined
for any reason other than a change in the general market level of interest or foreign exchange rates. In
column B report amounts recovered through the allowance for credit losses on loans and leases during
the calendar year-to-date on loans and leases previously charged off.
For those banks required to establish and maintain an allocated transfer risk reserve as specified in
Section 905(a) of the International Lending Supervision Act of 1983, include in column A loans and leases
charged off against the allocated transfer risk reserve during the current calendar year-to-date. Include in
column B amounts recovered through the allocated transfer risk reserve during the calendar year-to-date
on loans and leases previously charged off against this reserve.
These instructions should be read in conjunction with the Glossary entries for "Allowances for Credit
Losses" and "Domicile."
Business Combinations, Pushdown Accounting Transactions, and Transactions between Entities under
Common Control – If the reporting institution entered into a business combination that became effective
during the year-to-date reporting period and has been accounted for under the acquisition method,
include the charge-offs and recoveries of the acquired institution or other business only after its
acquisition. Similarly, if the reporting institution was acquired in a transaction that became effective
during the reporting period, retained its separate corporate existence, and elected to apply pushdown
accounting in its separate financial statements (including its Consolidated Reports of Condition and
Income), include only the charge-offs and recoveries from the date of the institution's acquisition through
the end of the year-to-date reporting period. If the reporting institution was involved in a transaction
between entities under common control that became effective during the year-to-date reporting period
and has been accounted for in a manner similar to a pooling of interests, report the charge-offs and
recoveries of the combined entities for the entire calendar year-to-date as though they had combined at
the beginning of the year. For further information on business combinations, pushdown accounting, and
transactions between entities under common control, see the Glossary entry for "business combinations."
Item Instructions
Item No.

Caption and Instructions

1

Loans secured by real estate. Report in the appropriate subitem and column loans secured
by real estate (as defined for Schedule RC-C, part I, item 1) charged off and recovered.

1.a

Construction, land development, and other land loans (in domestic offices). Report in
the appropriate subitem and column construction, land development, and other land loans (as
defined for Schedule RC-C, part I, item 1.a, column B) charged off and recovered.

FFIEC 031 and 041

RI-B-1
(3-24)

RI-B - ALLOWANCE

FFIEC 031 and 041

RI-B - ALLOWANCE

Part I. (cont.)
Item No.

Caption and Instructions

1.a.(1)

1-4 family residential construction loans. Report in columns A and B, as appropriate,
1-4 family residential construction loans (as defined for Schedule RC-C, part I, item 1.a.(1),
column B) charged off and recovered.

1.a.(2)

Other construction loans and all land development and other land loans. Report in
columns A and B, as appropriate, other construction loans and all land development and
other land loans (as defined for Schedule RC-C, part I, item 1.a.(2), column B) charged off
and recovered.

1.b

Secured by farmland (in domestic offices). Report in columns A and B, as appropriate,
loans secured by farmland (as defined for Schedule RC-C, part I, item 1.b, column B)
charged off and recovered.

1.c

Secured by 1-4 family residential properties (in domestic offices). Report in the
appropriate subitem and column loans secured by 1-4 family residential properties
(as defined for Schedule RC-C, part I, item 1.c, column B) charged off and recovered.

1.c.(1)

Revolving, open-end loans secured 1-4 family residential properties and extended
under lines of credit. Report in columns A and B, as appropriate, loans secured by
revolving, open-end loans secured by 1-4 family residential properties and extended under
line of credit (as defined for Schedule RC-C, part I, item 1.c.(1), column B) charged-off and
recovered.

1.c.(2)

Closed-end loans secured by 1-4 family residential properties. Report in the appropriate
subitem and column closed-end loans secured by 1-4 family residential properties (as defined
for Schedule RC-C, part I, item 1.c.(2), column B) charged-off and recovered.

1.c.(2)(a)

Secured by first liens. Report in columns A and B, as appropriate, closed-end loans
secured by first liens on 1-4 family residential properties (as defined for Schedule RC-C,
part I, item 1.c.(2)(a), column B) charged-off and recovered.

1.c.(2)(b)

Secured by junior liens. Report in columns A and B, as appropriate, closed-end loans
secured by junior liens on 1-4 family residential properties (as defined for Schedule RC-C,
part I, item 1.c.(2)(b), column B) charged-off and recovered. Include loans secured by
junior liens in this item even if the bank also holds a loan secured by a first lien on the same
1-4 family residential property and there are no intervening junior liens.

1.d

Secured by multifamily (5 or more) residential properties (in domestic offices). Report
in columns A and B, as appropriate, loans secured by multifamily (5 or more) residential
properties (as defined for Schedule RC-C, part I, item 1.d, column B) charged-off and
recovered.

1.e

Secured by nonfarm nonresidential properties (in domestic offices). Report in the
appropriate subitem and column loans secured by nonfarm nonresidential properties
(as defined for Schedule RC-C, part I, item 1.e, column B) charged off and recovered.

1.e.(1)

Loans secured by owner-occupied nonfarm nonresidential properties. Report in
columns A and B, as appropriate, loans secured by owner-occupied nonfarm nonresidential
properties (as defined for Schedule RC-C, part I, item 1.e.(1), column B) charged off and
recovered.

FFIEC 031 and 041

RI-B-2
(3-24)

RI-B - ALLOWANCE

FFIEC 031 and 041

RI-B - ALLOWANCE

Part I. (cont.)
Item No.

Caption and Instructions

1.e.(2)

Loans secured by other nonfarm nonresidential properties. Report in columns A and B,
as appropriate, loans secured by other nonfarm nonresidential properties (as defined for
Schedule RC-C, part I, item 1.e.(2), column B) charged off and recovered.

NOTE: Item 1.f is not applicable to banks filing the FFIEC 041 report form.
1.f

In foreign offices. On the FFIEC 031, report in columns A and B, as appropriate, loans
secured by real estate (as defined for Schedule RC-C, part I, item 1) in foreign offices
charged-off and recovered.

2

Not applicable.

NOTE: Item 3 is not applicable to banks filing the FFIEC 041 report form.
3

Loans to finance agricultural production and other loans to farmers. On the FFIEC 031,
report in columns A and B, as appropriate, loans to finance agricultural production and other
loans to farmers (as defined for Schedule RC-C, part I, item 3, column A) charged-off and
recovered.

4

Commercial and industrial loans. Report in columns A and B, as appropriate, commercial
and industrial loans (as defined for Schedule RC-C, part I, item 4) charged-off and recovered.

NOTE: Items 4.a and 4.b are not applicable to banks filing the FFIEC 041 report form.
4.a

To U.S. addressees (domicile). On the FFIEC 031, report in columns A and B, as
appropriate, commercial and industrial loans to U.S. addressees (as defined for Schedule
RC-C, part I, item 4.a, column A) charged-off and recovered.

4.b

To non-U.S. addressees. On the FFIEC 031, report in columns A and B, as appropriate,
commercial and industrial loans to non-U.S. addressees (as defined for Schedule RC-C,
part I, item 4.b, column A) charged-off and recovered.

5

Loans to individuals for household, family, and other personal expenditures. Report in
the appropriate subitem and column loans to individuals for household, family, and other
personal expenditures (as defined for Schedule RC-C, part I, item 6) charged-off and
recovered.

5.a

Credit cards. Report in columns A and B, as appropriate, all extensions of credit under
credit cards (as defined for Schedule RC-C, part I, items 6.a) charged-off and recovered.

5.b

Automobile loans. Report in columns A and B, as appropriate, all loans arising from retail
sales of passenger cars and other vehicles such as minivans, vans, sport-utility vehicles,
pickup trucks, and similar light trucks for personal use (as defined for Schedule RC-C, part I,
item 6.c) charged-off and recovered.

5.c

Other (includes revolving credit plans other than credit cards and other consumer
loans). Report in columns A and B, as appropriate, all other extensions of credit to
individuals for household, family, and other personal expenditures (as defined for
Schedule RC-C, part I, items 6.b and 6.d) charged-off and recovered.

FFIEC 031 and 041

RI-B-3
(3-19)

RI-B - ALLOWANCE

FFIEC 031 and 041

RI-B - ALLOWANCE

Part I. (cont.)
Item No.

Caption and Instructions

NOTE: Item 6 is not applicable to banks filing the FFIEC 041 report form.
6

Loans to foreign governments and official institutions. On the FFIEC 031, report in
columns A and B, as appropriate, loans to foreign governments and official institutions (as
defined for Schedule RC-C, part I, item 7) charged-off and recovered.

7

All other loans. On the FFIEC 041, report in columns A and B, as appropriate, loans to
depository institutions and acceptances of other banks, loans to finance agricultural
production and other loans to farmers, obligations (other than securities and leases) of states
and political subdivisions in the U.S., and loans to nondepository financial institutions and
other loans (as defined for Schedule RC-C, part I, items 2, 3, 8, and 9) charged-off and
recovered. On the FFIEC 031, report in columns A and B, as appropriate, loans to depository
institutions and acceptances of other banks, obligations (other than securities and leases) of
states and political subdivisions in the U.S. and loans to nondepository financial institutions
and other loans (as defined for Schedule RC-C, part I, items 2, 8, and 9) charged-off and
recovered.

8

Lease financing receivables. Report in columns A and B, as appropriate, all lease
financing receivables (as defined for Schedule RC-C, part I, item 10) charged-off and
recovered.

NOTE: Items 8.a and 8.b are not applicable to banks filing the FFIEC 041 report form.
8.a

Leases to individuals for household, family, and other personal expenditures. On the
FFIEC 031, report in columns A and B, as appropriate, all leases to individuals for household,
family, and other personal expenditures (as defined for Schedule RC-C, part I, item 10.a,
column A) charged-off and recovered.

8.b

All other leases. On the FFIEC 031, report in columns A and B, as appropriate, all other
leases (as defined for Schedule RC-C, part I, item 10.b, column A) charged-off and
recovered.

9

Total. Report in columns A and B the sum of item 1 through 8. The amount reported in
column A must equal Schedule RI-B, part II, item 3, column A, “Charge-offs,” below. The
amount reported in column B must equal Schedule RI-B, part II, item 2, column A,
“Recoveries,” below.

FFIEC 031 and 041

RI-B-4
(3-19)

RI-B - ALLOWANCE

FFIEC 031 and 041

RI-B - ALLOWANCE

Part I. (cont.)
Memoranda
Item No.
1

Caption and Instructions
Loans to finance commercial real estate, construction, and land development activities
(not secured by real estate) included in Schedule RI-B, part I, items 4 and 7, above.
Report in columns A and B, as appropriate, loans to finance commercial real estate,
construction, and land development activities not secured by real estate (as defined for
Schedule RC-C, part I, Memorandum item 3) charged off and recovered. Such loans will
have been included in items 4 and 7 of Schedule RI-B, part I, above. Exclude from this item
all loans secured by real estate included in item 1 of Schedule RI-B, part I, above.

FFIEC 031 FFIEC 041
Item No. Item No. Caption and Instructions
NOTE: On the FFIEC 041, Memorandum item 2.a is to be completed by banks that have $300 million or
more in total assets.
2

2.a

Loans secured by real estate to non-U.S. addressees (domicile). Report in
columns A and B, as appropriate, loans secured by real estate to non-U.S.
addressees (as defined for Schedule RC-C, part 1, Memorandum item 5)
charged off and recovered. Such loans will have been included in
Schedule RI-B, part I, item 1, above.

FFIEC 041
Item No. Caption and Instructions
NOTE: On the FFIEC 041, Memorandum items 2.c and 2.d are to be completed by banks that have
$300 million or more in total assets.
2.b

Not applicable.

2.c

Commercial and industrial loans to non-U.S. addressees (domicile). Report in
columns A and B, as appropriate, commercial and industrial loans to non-U.S. addressees
(as defined for Schedule RC-C, part I, item 4.b, column A) charged off and recovered. Such
loans will have been included in Schedule RI-B, part I, item 4, above.

2.d

Leases to individuals for household, family, and other personal expenditures.
Report in columns A and B, as appropriate, leases to individuals for household, family, and
other personal expenditures (as defined for Schedule RC-C, part I, item 10.a, column A)
charged off and recovered. Such leases will have been included in Schedule RI-B, part I,
item 8, above.

FFIEC 031 and 041

RI-B-5
(3-24)

RI-B - ALLOWANCE

FFIEC 031 and 041

RI-B - ALLOWANCE

Part I. (cont.)
Memoranda
FFIEC 041
Item No. Caption and Instructions
3

Loans to finance agricultural production and other loans to farmers.
Memorandum item 3 is to be completed by:
• banks with $300 million or more in total assets, and
• banks with less than $300 million in total assets and with loans to finance agricultural
production and other loans to farmers (as reported in Schedule RC-C, part I, item 3,
column B) exceeding five percent of total loans and leases held for investment and held
for sale (Schedule RC-C, part I, item 12).
Report in columns A and B, as appropriate, loans to finance agricultural production and other
loans to farmers (as defined for Schedule RC-C, part I, item 3, column B) charged off and
recovered. Such loans will have been included in Schedule RI-B, part I, item 7, above.

NOTE: Memorandum item 4 is to be completed only by those banks that:
(1) either individually or on a combined basis with their affiliated depository institutions, report
outstanding credit card receivables that exceed, in the aggregate, $500 million as of the
report date. Outstanding credit card receivables are the sum of:
(a) Schedule RC-C, part I, item 6.a (column B on the FFIEC 041, column A on the
FFIEC 031);
(b) Schedule RC-S, item 1, column C; and
(c) Schedule RC-S, item 6.a, column C.
(Include comparable data on managed credit card receivables for any affiliated depository
institution.)
OR
(2) are credit card specialty banks as defined for purposes of the Uniform Bank Performance
Report (UBPR). According to the UBPR Users Guide, credit card specialty banks are
currently defined as those banks that exceed 50% for the following two criteria:
(a) Credit Cards plus Securitized and Sold Credit Cards divided by Total Loans plus
Securitized and Sold Credit Cards.
(b) Total Loans plus Securitized and Sold Credit Cards divided by Total Assets plus
Securitized and Sold Credit Cards.
FFIEC 031 and 041
Item No. Caption and Instructions
4

Uncollectible retail credit card fees and finance charges reversed against income
(i.e., not included in charge-offs against the allowance for credit losses on loans and
leases). Report the amount of fees and finance charges on credit cards (as defined for
Schedule RC-C, part I, item 6.a) that the bank reversed against either interest and fee
income or a separate contra-asset account during the calendar year-to-date. Report the
amount of fees and finance charges that have been reversed on a gross basis, i.e., do not
reduce the amount of reversed fees and finance charges by recoveries of these reversed
fees and finance charges.
Institutions should exclude from this item credit card fees and finance charges reported as
charge-offs against the allowance for credit losses on loans and leases in Schedule RI-B,
part I, item 5.a, column A.

FFIEC 031 and 041

RI-B-6
(3-24)

RI-B - ALLOWANCE

FFIEC 031 and 041

RI-B - ALLOWANCE

Part II. Changes In Allowances for Credit Losses
General Instructions
This part has three columns for information on year-to-date activity in the allowances for credit losses,
one for each of the following three asset categories: (1) loans and leases held for investment (column A),
(2) held-to-maturity debt securities (column B), and (3) available-for-sale debt securities (column C).
Institutions should report reconcilements of the allowances for credit losses on loans and leases held for
investment, held-to-maturity debt securities, and available-for-sale debt securities in columns A, B, and C,
respectively.
For those banks required to establish and maintain an allocated transfer risk reserve as specified in
Section 905(a) of the International Lending Supervision Act of 1983, the reconcilement should include in
column A the activity in the allocated transfer risk reserve during the calendar year-to-date that relates to
loans and leases held for investment. Institutions should report such activity that relates to held-tomaturity and available-for-sale debt securities in columns B and C, respectively.
Exclude the balances of the allowance for credit losses on off-balance sheet credit exposures reported
in Schedule RC-G, item 3, and any capital reserves included in Schedule RC, item 26.a, "Retained
earnings," and the effects of any transactions therein.
Refer to the Glossary entry for "Allowances for Credit Losses" for further information.
Business Combinations, Pushdown Accounting Transactions, and Transactions between Entities under
Common Control – If the reporting institution entered into a business combination that became effective
during the year-to-date reporting period and has been accounted for under the acquisition method,
include the recoveries, charge-offs, and provisions of the acquired institution or other business only after
its acquisition. Under ASC Topic 805, Business Combinations, the acquired loans and leases must be
measured at their acquisition-date fair values. Therefore, the institution may not carry over the
allowances for credit losses of the acquired institution or other business as of the acquisition date.
However, for a reporting institution that has acquired financial assets in a business combination that
management has determined to be purchased credit-deteriorated as of the acquisition date, the institution
should report the initial allowance gross-up amounts established upon the purchase of these assets,
which are recorded at the date of acquisition as an addition to the purchase price to determine the initial
amortized cost basis of the assets, should be reported as positive amounts in the applicable columns of
Schedule RI-B, Part II, item 6, “Adjustments.”
Similarly, if the reporting institution was acquired in a transaction that became effective during the year-todate reporting period, retained its separate corporate existence, and elected to apply pushdown
accounting in its separate financial statements (including its Consolidated Reports of Condition and
Income), include only the recoveries, charge-offs, and provisions from the date of the institution's
acquisition through the end of the year-to-date reporting period. When applying pushdown accounting,
the reporting institution’s loans and leases must be restated to their acquisition-date fair values and the
institution may not carry over its allowances for credit losses as of the acquisition date.

FFIEC 031 and 041

RI-B-7
(12-24)

RI-B - ALLOWANCE

FFIEC 031 and 041

RI-B - ALLOWANCE

Part II. (cont.)
General Instructions (cont.)
As a consequence, the amounts reported in Schedule RI-B, Part II, item 1, columns A, B, and C, for the
balances of the allowances for credit losses most recently reported for the end of the previous calendar
year must be reported as negative amounts in Schedule RI-B, Part II, item 6, columns A, B, and C,
"Adjustments." In addition, when applying pushdown accounting, for those financial assets that
management has determined to be purchased credit-deteriorated as of the institution’s acquisition date,
the institution should report as positive amounts in the applicable columns of Schedule RI-B, Part II, item
6, “Adjustments,” the initial allowance gross-up amounts established as of the acquisition date, which are
recorded as an addition to the acquisition-date fair values of these purchased credit-deteriorated assets
to determine their initial amortized cost basis.
If the reporting institution was involved in a transaction between entities under common control that
became effective during the year-to-date reporting period and has been accounted for in a manner similar
to a pooling of interests, report the recoveries, charge-offs, and provisions of the combined entities for the
entire calendar year-to-date as though they had combined at the beginning of the year. A reporting
institution should report the balances as of the end of the previous calendar year of the allowances for
credit losses of the institution or other business that combined with the reporting institution in the common
control transaction in Schedule RI-B, Part II, item 6, columns A, B, or C, "Adjustments."
For further information on business combinations, pushdown accounting, and transactions between
entities under common control, see the Glossary entry for "Business Combinations."
Item Instructions
Item No.

Caption and Instructions

1

Balance most recently reported for the December 31, 20xx, Reports of Condition and
Income. Report in columns A, B, and C the balances of the institution’s allowances for credit
losses on loans and leases held for investment, held-to-maturity debt securities, and
available-for-sale debt securities, respectively, as reported in the Consolidated Reports of
Condition and Income for the previous calendar year-end after the effect of all corrections
and adjustments to these allowances for credit losses that were made in any amended
report(s) for the previous calendar year-end.

2

Recoveries. Report in columns A, B, and C the amounts credited to the allowances for credit
losses on loans and leases held for investment, held-to-maturity debt securities, and
available-for-sale debt securities, respectively, for recoveries during the calendar year-to-date
on amounts previously charged against these allowances for credit losses. The amount
reported in column A for this item must equal Schedule RI-B, Part I, item 9, column B.

3

LESS: Charge-offs. Report in columns A, B, and C the amounts of loans and leases held
for investment, held-to-maturity debt securities, and available-for-sale debt securities charged
against the allowances for credit losses on loans and leases held for investment, held-tomaturity debt securities, and available-for-sale debt securities, respectively, during the
calendar year-to-date. The amount reported in column A for this item must equal Schedule
RI-B, Part I, item 9, column A, "Total" charge-offs, less Schedule RI-B, Part II, item 4, column
A, “LESS: Write-downs arising from transfers of financial assets.”

FFIEC 031 and 041

RI-B-8
(12-24)

RI-B - ALLOWANCE

FFIEC 031 and 041

RI-B - ALLOWANCE

Part II. (cont.)
Item No.

Caption and Instructions

4

LESS: Write-downs arising from transfers of financial assets. Report in columns A, B,
and C the amounts of write-downs to fair value charged against the allowances for credit
losses on loans and leases held for investment, held-to-maturity debt securities, and
available-for-sale debt securities, respectively, resulting from transfers of loans and leases to
a held-for-sale account (resulting from the events described above), or transfers of held-tomaturity debt securities and available-for-sale debt securities between held-to-maturity,
available-for-sale, and trading accounts during the calendar year-to-date.

5

Provisions for credit losses. Report in columns A, B, and C the amounts expensed as
provisions for credit losses (or reversals of provisions) on loans and leases held for
investment, held-to-maturity debt securities, and available-for-sale debt securities,
respectively, during the calendar year-to-date. Provisions for credit losses (or reversals of
provisions) on loans and leases held for investment and held-to-maturity debt securities
represent the amounts necessary to adjust the related allowances for credit losses at the
quarter-end report date for management’s current estimate of expected credit losses on
these assets. Provisions for credit losses (or reversals of provisions) on available-for-sale
debt securities represent changes during the calendar year to date in the amount of
impairment related to credit losses on individual available-for-sale debt securities. The sum
of the amounts reported in item 5, columns A through C, plus Schedule RI-B, Part II,
Memorandum items 5, “Provisions for credit losses on other financial assets measured at
amortized cost,” and 7, “Provisions for credit losses on off-balance-sheet credit exposures,”
must equal Schedule RI, item 4. If the amount reported in column A, B, or C for this item is
negative, report it with a minus (-) sign.

6

Adjustments. Report all activity in the allowances for credit losses, as applicable, that
cannot be properly reported in Schedule RI-B, Part II, items 2 through 5, above.
If the reporting institution was acquired in a transaction that became effective during the yearto-date reporting period, retained its separate corporate existence, and elected to apply
pushdown accounting in its separate financial statements (including its Consolidated Reports
of Condition and Income), it should report as negative amounts in columns A, B, and C of this
item the balances of the allowances for credit losses on loans and leases held for investment,
held-to-maturity debt securities, and available-for-sale debt securities, respectively, most
recently reported for the end of the previous calendar year in Schedule RI-B, Part II, item 1,
columns A, B, and C, above. In addition, when applying pushdown accounting, for those
financial assets that management has determined to be purchased credit-deteriorated as of
the institution’s acquisition date, the institution should report as positive amounts in columns
A, B, and C of this item, as appropriate, the initial allowance gross-up amounts established as
of the acquisition date, which are recorded as an addition to the acquisition-date fair values of
these purchased credit-deteriorated assets to determine their initial amortized cost basis.
If the reporting institution was involved in a transaction between entities under common
control that became effective during the year-to-date reporting period and has been
accounted for in a manner similar to a pooling of interests, it should report in columns A, B,
and C of this item the balances as of the end of the previous calendar year of the allowances
for credit losses on loans and leases held for investment, held-to-maturity debt securities, and
available-for-sale debt securities, respectively, of the institution or other business that
combined with the reporting institution in the common control transaction.
If the reporting institution acquired purchased credit-deteriorated assets during the calendar
year to date, it should report in columns A, B, and C of this item, as appropriate, the year-todate initial gross-up amounts recognized upon the acquisition of the purchased creditdeteriorated assets. If the amount reported in this item is negative, report it with a minus (-)
sign.

FFIEC 031 and 041

RI-B-9
(12-24)

RI-B - ALLOWANCE

FFIEC 031 and 041

RI-B - ALLOWANCE

Part II. (cont.)
Item No.

Caption and Instructions

6
(cont.)

State the dollar amount of and describe each transaction included in this item in
Schedule RI-E, Explanations, item 6.

7

Balance end of current period. Report in columns A, B, and C the sum of items 1, 2, 5,
and 6, less items 3 and 4. The amount reported in column A for this item must equal the
allowance amount reported in Schedule RC, item 4.c.

Memoranda
Item No.
1

Caption and Instructions
Allocated transfer risk reserve included in Schedule RI-B, Part II, item 7, column A,
above. Report the amount of any allocated transfer risk reserve related to loans and leases
held for investment that the reporting bank is required to establish and maintain that the bank
has included in the end-of-period balance of the allowance for credit losses on loans and
leases reported in Schedule RI-B, Part II, item 7, column A, above, and in Schedule RC, item
4.c.

NOTE: Memorandum items 2 and 3 are to be completed only by those banks that:
(1) either individually or on a combined basis with their affiliated depository institutions, report
outstanding credit card receivables that exceed, in the aggregate, $500 million as of the
report date. Outstanding credit card receivables are the sum of:
(a) Schedule RC-C, part I, item 6.a (column B on the FFIEC 041, column A on the
FFIEC 031);
(b) Schedule RC-S, item 1, column C; and
(c) Schedule RC-S, item 6.a, column C.
(Include comparable data on managed credit card receivables for any affiliated depository
institution.)
OR
(2) are credit card specialty banks as defined for purposes of the Uniform Bank Performance
Report (UBPR). According to the UBPR Users Guide, credit card specialty banks are
currently defined as those banks that exceed 50% for the following two criteria:
(a) Credit Cards plus Securitized and Sold Credit Cards divided by Total Loans plus
Securitized and Sold Credit Cards.
(b) Total Loans plus Securitized and Sold Credit Cards divided by Total Assets plus
Securitized and Sold Credit Cards.
2

Separate valuation allowance for uncollectible retail credit card fees and finance
charges. Report the amount of any valuation allowance or contra-asset account that the
institution maintains separate from the allowance for credit losses on loans and leases to
account for uncollectible fees and finance charges on credit cards (as defined for Schedule
RC-C, part I, item 6.a).
This Memorandum item is only applicable to those institutions that maintain an allowance or
contra-asset account separate from the allowance for credit losses on loans and leases.
Do not include in this item the amount of any valuation allowance established for impairment
in retained interests in accrued interest receivable related to securitized credit cards.

FFIEC 031 and 041

RI-B-10
(12-24)

RI-B - ALLOWANCE

FFIEC 031 and 041

RI-B - ALLOWANCE

Part II. (cont.)
Memoranda
Item No.
3

Caption and Instructions
Amount of allowance for credit losses on loans and leases attributable to retail credit
card fees and finance charges. Report in this item the amount of the allowance for credit
losses on loans and leases that is attributable to outstanding fees and finance charges on
credit cards (as defined for Schedule RC-C, part I, item 6.a). This amount is a component of
the amount reported in Schedule RC, item 4.c, and Schedule RI-B, part II, item 7, column A.
Do not include in this item the amount of any valuation allowance established for impairment
in retained interests in accrued interest receivable related to securitized credit cards.

4

Not applicable.

5

Provisions for credit losses on other financial assets measured at amortized cost (not
included in item 5, above). Report in this item the year-to-date amount of provisions for
credit losses (or reversals of provisions) included in Schedule RI, item 4, on financial assets
measured at amortized cost other than loans and leases held for investment, held-to-maturity
debt securities, and available-for-sale debt securities. Provisions for credit losses (or
reversals of provisions) on these other financial assets measured at amortized cost represent
the amounts necessary to adjust the related allowances for credit losses at the quarter-end
report date for management’s current estimate of expected credit losses on these assets.
Exclude provisions for credit losses on off-balance-sheet credit exposures, which are
reported in Schedule RI-B, Part II, Memorandum item 7, below.

6

Allowances for credit losses on other financial assets measured at amortized cost (not
included in item 7, above). Report in this item the total amount of allowances for credit
losses on financial assets measured at amortized cost other than loans and leases held for
investment, held-to-maturity debt securities, and available-for-sale debt securities. The
allowances to be included in this item are associated with the provisions for credit losses
reported in Memorandum item 5, above.
Exclude the allowance for credit losses on off-balance sheet credit exposures, which is
reported in Schedule RC-G, item 3.

7

Provisions for credit losses on off-balance-sheet credit exposures. Report in this item
the year-to-date amount of provisions for credit losses (or reversals of provisions) on offbalance-sheet credit exposures included in the amount reported in Schedule RI, item 4.
Provisions for credit losses (or reversals of provisions) on off-balance-sheet credit exposures
represent the amounts necessary to adjust the related allowance for credit losses at the
quarter-end report date for management’s current estimate of expected credit losses on
these exposures.

FFIEC 031 and 041

RI-B-11
(3-24)

RI-B - ALLOWANCE

FFIEC 031 and 041

RI-B - ALLOWANCE

Part II. (cont.)
Memoranda
Item No.

Caption and Instructions

8

Estimated amount of expected recoveries of amounts previously written off included
within the allowance for credit losses on loans and leases held for investment
(included in item 7, column A, “Balance end of current period”, above). Report in this
item the estimated amount of expected recoveries of amounts previously written off 1 included
within the allowance for credit losses on loans and leases held for investment. This item
applies to loans and leases held for investment, including purchased credit-deteriorated
loans held for investment, and does not apply to held-to-maturity debt securities or availablefor-sale-debt securities.
Expected recoveries of amounts previously written off and expected to be written off shall be
included in the allowance for credit losses and shall not exceed the aggregate of amounts
previously written off and expected to be written off by an institution. However, exclude from
this item the estimated amount of expected recoveries of amounts expected to be written off
included in the allowance for credit losses.
In accordance with ASC Topic 326, estimated expected recoveries are a component of
management’s estimation of the net amount expected to be collected for a financial asset or
a pool of financial assets. If an institution can support an estimate of expected recoveries for
a pool of unsecured loans, each of which was deemed uncollectible and fully written off on an
individual asset basis, the institution reduces the allowance for credit losses by the
institution’s estimate of recoveries expected on a pool basis.

1 The term “written off” as used in ASC Topic 326 and in the instructions for this item is used interchangeably with the

term “charged off,” which is used elsewhere in the Call Report instructions.

FFIEC 031 and 041

RI-B-12
(3-24)

RI-B - ALLOWANCE

FFIEC 031 and 041

RI-C – DISAGGREGATED ALLOWANCE DATA

SCHEDULE RI-C – DISAGGREGATED DATA ON THE ALLOWANCES
FOR CREDIT LOSSES
General Instructions
Schedule RI-C is to be completed by institutions with $1 billion or more in total assets.1
Loans and Leases Held for Investment
Items 1 through 6 of this schedule have two columns for the disclosure of disaggregated information by
portfolio category on the amortized cost basis of loans and leases held for investment and the related
balance in the allowance for credit losses on loans and leases at the end of each quarter. For purposes
of this schedule, the amortized cost basis of loans includes the net investments in leases, as applicable.
Loans and leases held for investment are loans and leases that the institution has the intent and ability to
hold for the foreseeable future or until maturity or payoff. Exclude from the amounts reported as loans
held for investment, loans that the institution has elected to report at fair value under a fair value option.
The loan and lease portfolio categories for which amounts are to be reported in Schedule RI-C represent
general categories rather than the standardized loan categories defined in Schedule RC-C, Part I, Loans
and Leases. Based on the manner in which it segments its portfolio for purposes of applying its
allowance methodology, each institution should report each component of the overall allowance reported
in Schedule RC, item 4.c, and the amortized cost basis of the related loans and leases in the general loan
category that best corresponds to the characteristics of the related loans and leases.2
For each of the specified general categories of loans and leases held for investment, report in column A,
“Amortized Cost,” the amortized cost basis of all loans and leases held for investment. The amortized
cost amount reported in Schedule RI-C, item 6, column A, “Total,” plus the fair value of loans held for
investment reported in Schedule RC-Q, item 4, column A, for which the fair value option has been elected
must equal the balance sheet amount of held-for-investment loans and leases reported in Schedule RC,
item 4.b, “Loans and leases held for investment.” Thus, the amortized cost amounts reported in column A
must be net of unearned income.
For each of the specified general categories of loans and leases held for investment, report in column B,
“Allowance Balance,” the related balance of the allowance for credit losses measured in accordance with
ASC Subtopic 326-20, Financial Instruments-Credit Losses – Measured at Amortized Cost.

In general, the determination as to whether an institution has $1 billion or more in total assets is measured as of
June 30 of the previous calendar year. See pages 6, 6a, and 7 of the General Instructions for guidance on shifts in
reporting status.
2 For example, based on its allowance methodology, one institution’s allowance components for credit cards might
relate to both consumer and business credit card receivables, but another institution’s allowance components for
credit cards might relate only to consumer credit card receivables.
As another example, based on its allowance methodology, one institution might include its loans secured by
farmland in its allowance components for commercial real estate loans, but another institution might include its loans
secured by farmland in its allowance components for commercial loans.
1

FFIEC 031 and 041

RI-C-1
(12-24)

RI-C – DISAGGREGATED ALLOWANCE DATA

FFIEC 031 and 041

Item No.

RI-C – DISAGGREGATED ALLOWANCE DATA

Caption and Instructions

1

Real estate loans:

1.a

Construction loans. Report in columns A and B the amortized cost of held-for-investment
construction loans and the related balance in the allowance for credit losses on loans and
leases for such loans, respectively. Exclude loans that the institution has elected to report at
fair value under a fair value option.

1.b

Commercial real estate loans. Report in columns A and B the amortized cost of held-forinvestment commercial real estate loans and the related balance in the allowance for credit
losses on loans and leases for such loans, respectively. Exclude loans that the institution
has elected to report at fair value under a fair value option.

1.c

Residential real estate loans. Report in columns A and B the amortized cost of held-forinvestment residential real estate loans and the related balance in the allowance for credit
losses on loans and leases for such loans, respectively. Exclude loans that the institution
has elected to report at fair value under a fair value option.

2

Commercial loans. Report in columns A and B the amortized cost of all held-for-investment
commercial loans and the related balance in the allowance for credit losses on loans and
leases for such loans, respectively. For purposes of this item, commercial loans include all
loans and leases not reported as real estate loans, credit cards, or other consumer loans in
Schedule RI-C, items 1, 3, and 4. Exclude loans that the institution has elected to report at
fair value under a fair value option.

3

Credit cards. Report in columns A and B the amortized cost of all held-for-investment
extensions of credit arising from credit cards and the related balance in the allowance for
credit losses on loans and leases for such extensions of credit, respectively. Exclude loans
that the institution has elected to report at fair value under a fair value option.

4

Other consumer loans. Report in columns A and B the amortized cost of all held-forinvestment consumer loans other than credit cards and the related balance in the allowance
for credit losses on loans and leases for such loans, respectively. Exclude loans that the
institution has elected to report at fair value under a fair value option.

5

Unallocated, if any. Report in column B the amount of any unallocated portion of the
allowance for credit losses on loans and leases. An institution is not required to have an
unallocated portion of the allowance.

6

Total. Report in columns A and B the sum of items 1 through 5. The amount reported in
column A plus the fair value of any loans held for investment for which the fair value option
has been elected must equal Schedule RC, item 4.b, “Loans and leases held for investment.”
The amount reported in column B must equal Schedule RC, item 4.c, “Allowance for credit
losses on loans and leases.”

FFIEC 031 and 041

RI-C-2
(12-24)

RI-C – DISAGGREGATED ALLOWANCE DATA

FFIEC 031 and 041

RI-C – DISAGGREGATED ALLOWANCE DATA

Held-to-Maturity Securities
For each of the specified categories of held-to-maturity debt securities in Schedule RI-C, items 7 through
10, which correspond to the securities categories defined in Schedule RC-B, report the related balance of
the allowance for credit losses measured in accordance with ASC Subtopic 326-20.
Item No.

Caption and Instructions

7

Securities issued by states and political subdivisions in the U.S. Report the allowance
for credit losses on held-to-maturity debt securities issued by states and political subdivisions
in the U.S. (as defined for Schedule RC-B, item 3, column A).

8

Mortgage-backed securities (MBS) (including CMOs, REMICs, and stripped MBS).
Report the allowance for credit losses on held-to-maturity mortgage-backed securities (as
defined for Schedule RC-B, items 4.a, 4.b, and 4.c, column A).

9

Asset-backed securities and structured financial products. Report the allowance for
credit losses on held-to-maturity asset-backed securities and structured financial products (as
defined for Schedule RC-B, items 5.a and 5.b, column A).

10

Other debt securities. Report the allowance for credit losses on categories of held-tomaturity debt securities not reported in items 7 through 9, above.

11

Total. Report the sum of items 7 through 10. The amount reported in item 11, “Total,” should
equal the amount reported in Schedule RI-B, Part II, item 7, column B, “Balance end of
current period,” for held-to-maturity debt securities.

FFIEC 031 and 041

RI-C-3
(3-24)

RI-C – DISAGGREGATED ALLOWANCE DATA

FFIEC 031

RI-D – FOREIGN OFFICE INCOME

SCHEDULE RI-D – INCOME FROM FOREIGN OFFICES
General Instructions
Schedule RI-D is applicable only to certain banks that file the FFIEC 031 report forms.
Banks with foreign offices are required to complete this schedule if (1) their foreign office assets are
$10 billion or more and (2) their foreign office assets, revenues, or net income account for more than
10 percent of the bank’s consolidated total assets, total revenues, or net income; otherwise, banks need
not complete this schedule. Banks should use foreign office and consolidated total revenues (net interest
income plus noninterest income) and net income from the preceding calendar year and foreign office and
consolidated total assets as of the preceding calendar year end when determining whether they exceed
the $10 billion foreign office asset-size threshold and the 10 percent threshold for completing this
schedule each quarter during the next calendar year.
For purposes of these reports, a foreign office of the reporting bank is a branch or consolidated subsidiary
located in a foreign country; an Edge or Agreement subsidiary, including both its U.S. and its foreign
offices; or an IBF. In addition, if the reporting bank is chartered and headquartered in the 50 states of the
United States and the District of Columbia, a branch or consolidated subsidiary located in Puerto Rico or
a U.S. territory or possession is a foreign office. Branches on U.S. military facilities wherever located are
treated as domestic offices, not foreign offices.
Banks that are required to complete Schedule RI-D should report all income and expense in foreign
offices and related amounts for the calendar year-to-date. Amounts should be reported in this schedule
(except items 7, 11, and 12) on a foreign office consolidated basis, i.e., before eliminating the effects of
transactions with domestic offices, but after eliminating the effects of transactions between foreign offices.
For the most part, the income and expense items in Schedule RI-D mirror categories of income and
expense reported in Schedule RI. Therefore, where appropriate, banks should refer to the instructions for
Schedule RI for the definitions of the income and expense items in this schedule.
Item Instructions
Item No.

Caption and Instructions

1

Total interest income in foreign offices. Report total interest income (as defined for
Schedule RI, item 1.h) in foreign offices, including fees and similar charges associated with
foreign office assets.

2

Total interest expense in foreign offices. Report total interest expense (as defined for
Schedule RI, item 2.e) on deposits, borrowings, and other liabilities in foreign offices.

3

Provisions for credit losses in foreign offices. Report the provisions for credit losses (as
defined for Schedule RI, item 4) in foreign offices for all financial assets and off-balancesheet credit exposures that fall within the scope of ASC Subtopic 326-20, Financial
Instruments-Credit Losses. If the amount to be reported in this item is negative, report it with
a minus (-) sign.

4

Noninterest income in foreign offices:

4.a

Trading revenue. Report trading revenue (as defined for Schedule RI, item 5.c) in foreign
offices, including the net gain or loss from trading cash instruments and derivative contracts
(including commodity contracts), related revaluation adjustments, and incidental income that
has been recognized in foreign offices. If the amount to be reported in this item is a net loss,
report it with a minus (-) sign.

FFIEC 031

RI-D-1
(12-24)

RI-D – FOREIGN OFFICE INCOME

FFIEC 031

RI-D – FOREIGN OFFICE INCOME

Item No.

Caption and Instructions

4.b

Investment banking, advisory, brokerage, and underwriting fees and commissions.
Report investment banking, advisory, brokerage and underwriting fees and commissions
(as defined for Schedule RI, items 5.d.(1) and 5.d.(2)) in foreign offices.

4.c

Net securitization income. Report net securitization income (as defined for Schedule RI,
item 5.g) in foreign offices. If the amount to be reported in this item is a net loss, report it with
a minus (-) sign.

4.d

Other noninterest income. Report all other noninterest income (as defined for Schedule RI,
items 5.a, 5.b, 5.d.(3), 5.d.(4), 5.d.(5), 5.e, 5.f, and 5.i through 5.l) in foreign offices. If the
amount to be reported in this item is negative, report it with a minus (-) sign.

5

Realized gains (losses) on held-to-maturity and available-for-sale debt securities and
change in net unrealized gains (losses) on equity securities not held for trading in
foreign offices. Report realized gains (losses) on held-to-maturity and available-for-sale
debt securities (as defined for Schedule RI, items 6.a and 6.b) in foreign offices.
Also include the amount of realized and unrealized gains (losses) (and all other value
changes) during the year-to-date reporting period on equity securities and other equity
investments in foreign offices not held for trading that are included in Schedule RI, item 8.b.
If the amount to be reported in this item is a net loss, report it with a minus (-) sign.

6

Total noninterest expense in foreign offices. Report total noninterest expense (as defined
for Schedule RI, item 7.e) in foreign offices.

7

Adjustments to pretax income in foreign offices for internal allocations to foreign
offices to reflect the effects of equity capital on overall bank funding costs. Report any
amounts credited to estimated pretax income in foreign offices that reflects management’s
estimate of the effect of equity capital allocable to foreign office operations. Equity capital,
which is interest-free, helps to reduce a bank’s overall funding costs and increase net interest
income.

8

Applicable income taxes (on items 1 through 7). Report the total estimated income tax
expense (as defined for Schedule RI, item 9) applicable to pretax income in foreign offices.
If the amount is a net benefit rather than tax expense, report it with a minus (-) sign.

9

Discontinued operations, net of applicable income taxes, in foreign offices. Report
the results of discontinued operations, net of applicable income taxes (as defined for
Schedule RI, item 11), in foreign offices. If the amount to be reported in this item is a net
loss, report it with a minus (-) sign.

10

Net income attributable to foreign offices before eliminations arising from
consolidation. The amount to be reported in this item generally will be determined by taking
Schedule RI-D, item 1, minus items 2 and 3, plus items 4.a through 4.d, plus item 5, minus
item 6, plus item 7, minus item 8, plus item 9.

11

Not applicable.

FFIEC 031

RI-D-2
(3-24)

RI-D – FOREIGN OFFICE INCOME

FFIEC 031

RI-D – FOREIGN OFFICE INCOME

Item No.

Caption and Instructions

12

Eliminations arising from the consolidation of foreign offices with domestic offices.
Report the net effect of eliminating transactions between foreign and domestic offices of the
reporting bank on net income attributable to foreign offices. If the amount to be reported in
this item is a net reduction in net income attributable to foreign offices, report it with a minus
(-) sign.

13

Consolidated net income attributable to foreign offices. Report the sum of
Schedule RI-D, items 10 and 12.

FFIEC 031

RI-D-3
(3-18)

RI-D – FOREIGN OFFICE INCOME

FFIEC 031 and 041

RI-E - EXPLANATIONS

SCHEDULE RI-E – EXPLANATIONS
General Instructions
Schedule RI-E is to be completed each quarter on a calendar year-to-date basis. On those lines for
which your bank must provide a description of the amount being reported, the description should not
exceed 50 characters (including punctuation and spacing between words). If additional space is needed
to complete a description or if your bank, at its option, chooses to briefly describe other significant items
affecting the Consolidated Report of Income, item 7 of this schedule may be used. Any amounts reported
in Schedule RI-E, item 2.g, “FDIC deposit insurance assessments,” for report dates beginning June 30,
2009, will not be made available to the public on an individual institution basis.
Item Instructions
Item No.
1

Caption and Instructions
Other noninterest income. Disclose in items 1.a through 1.j each component of
Schedule RI, item 5.l, “Other noninterest income,” and the dollar amount of such component,
that is greater than $100,000 and exceeds 7 percent of the “Other noninterest income.” If net
losses have been reported in Schedule RI, item 5.l, for a component of “Other noninterest
income,” use the absolute value of such net losses to determine whether the amount of the
net losses is greater than $100,000 and exceeds 7 percent of “Other noninterest income” and
should be reported in this item. (The absolute value refers to the magnitude of the dollar
amount without regard to whether the amount represents net gains or net losses.) If net
losses are reported in this item, report them with a minus (-) sign.
Preprinted captions have been provided for the following categories of “Other noninterest
income”:
•
•
•
•
•
•
•

Item 1.a, “Income and fees from the printing and sale of checks,”
Item 1.b, “Earnings on/increase in value of cash surrender value of life insurance,”
Item 1.c, “Income and fees from automated teller machines (ATMs),”
Item 1.d, “Rent and other income from other real estate owned,”
Item 1.e, “Safe deposit box rent,”
Item 1.f, “Bank card and credit card interchange fees,” and
Item 1.g, “Income and fees from wire transfers not reportable as service charges on
deposit accounts.”

General descriptions of the components of “Other noninterest income,” including those for
which preprinted captions have been provided in items 1.a through 1.g, are included in the
instructions for Schedule RI, item 5.l. However, institutions need not adjust their internal
noninterest income definitions to match the agencies’ descriptions in the item 5.l instructions.
Rather, institutions may report the components of their “Other noninterest income” in
items 1.a through 1.j using their internal definitions, provided the internal definitions are used
consistently over time.
For other components of “Other noninterest income” that exceed the disclosure threshold, list
and briefly describe these components in items 1.h through 1.j and, if necessary, in
Schedule RI-E, item 7, below.

FFIEC 031 and 041

RI-E-1
(6-18)

RI-E - EXPLANATIONS

FFIEC 031 and 041

RI-E - EXPLANATIONS

Item No.

Caption and Instructions

1
(cont.)

For components of “Other noninterest income” that reflect a single credit for separate
“bundled services” provided through third party vendors, disclose such amounts in the item
that most closely describes the predominant type of income earned, and this categorization
should be used consistently over time.

2

Other noninterest expense. Disclose in items 2.a through 2.p each component of
Schedule RI, item 7.d, “Other noninterest expense,” and the dollar amount of such
component, that is greater than $100,000 and exceeds 7 percent of the “Other noninterest
expense.” If net gains have been reported in Schedule RI, item 7.d, for a component of
“Other noninterest expense,” use the absolute value of such net gains to determine whether
the amount of the net gains is greater than $100,000 and exceeds 7 percent of “Other
noninterest expense” and should be reported in this item. (The absolute value refers to the
magnitude of the dollar amount without regard to whether the amount represents net gains or
net losses.) If net gains are reported in this item, report them with a minus (-) sign.
Preprinted captions have been provided for the following categories of “Other noninterest
expense”:
•
•
•
•
•
•
•
•
•
•
•
•
•

Item 2.a, “Data processing expenses,”
Item 2.b, “Advertising and marketing expenses,”
Item 2.c, “Directors’ fees,”
Item 2.d, “Printing, stationery, and supplies,”
Item 2.e, “Postage,”
Item 2.f, “Legal fees and expenses,”
Item 2.g, “FDIC deposit insurance assessments,”
Item 2.h, “Accounting and auditing expenses,”
Item 2.i, “Consulting and advisory expenses,”
Item 2.j, “Automated teller machine (ATM) and interchange expenses,”
Item 2.k, “Telecommunications expenses,”
Item 2.l, “Other real estate owned expenses,” and
Item 2.m, “Insurance expenses (not included in employee expenses, premises and fixed
asset expenses, and other real estate owned expenses).”

General descriptions of the components of “Other noninterest expense,” including those for
which preprinted captions have been provided in items 2.a through 2.m, are included in the
instructions for Schedule RI, item 7.d. However, institutions need not adjust their internal
noninterest expense definitions to match the agencies’ descriptions in the item 7.d
instructions. Rather, institutions may report the components of their “Other noninterest
expense” in items 2.a through 2.p using their internal definitions, provided the internal
definitions are used consistently over time.
For other components of “Other noninterest expense” that exceed the disclosure threshold,
list and briefly describe these components in items 2.n through 2.p and, if necessary, in
Schedule RI-E, item 7, below.
For components of “Other noninterest expense” that reflect a single charge for separate
“bundled services” provided by third party vendors, disclose such amounts in the item that
most closely describes the predominant type of expense incurred, and this categorization
should be used consistently over time.

FFIEC 031 and 041

RI-E-2
(6-18)

RI-E - EXPLANATIONS

FFIEC 031 and 041

Item No.
3

RI-E - EXPLANATIONS

Caption and Instructions
Discontinued operations and applicable income tax effect. List and briefly describe in
items 3.a and 3.b the gross dollar amount of the results of each of the discontinued
operations included in Schedule RI, item 11, "Discontinued operations, net of applicable
income taxes," and its related income tax effect, if any. If Schedule RI, item 11, includes the
results of more than two discontinued operations, report the additional items and their related
tax effects in Schedule RI-E, item 7, below.
If the results of discontinued operations are a loss, report the dollar amount with a minus (-)
sign. If an applicable income tax effect is a tax benefit (rather than a tax expense), report the
dollar amount with a minus (-) sign.

4

Cumulative effect of changes in accounting principles and corrections of material
accounting errors. List and briefly describe in items 4.a and 4.b the dollar amount of the
cumulative effect of each change in accounting principle and correction of a material
accounting error, net of applicable income taxes, that is included in Schedule RI-A, item 2. If
Schedule RI-A, item 2, includes more than two accounting principle changes and accounting
error corrections, report the cumulative effect of each additional accounting principle change
and accounting error correction in Schedule RI-E, item 7, below.
If the cumulative effect of an accounting principle change or an accounting error correction
represents a reduction of the bank's equity capital, report the dollar amount with a minus (-)
sign.

5

Other transactions with stockholders (including a parent holding company). List and
briefly describe in items 5.a and 5.b the dollar amount of each type of other transaction with
the reporting institution's stockholders, including its parent holding company, if any, that is
included in Schedule RI-A, item 11. If Schedule RI-A, item 11, includes more than two types
of other transactions, report the additional types of other transactions in Schedule RI-E,
item 7, below.
If the effect of a type of other transaction with the reporting institution’s stockholders,
including a parent holding company, if any, is to reduce the institution’s equity capital, report
the dollar amount with a minus (-) sign.

FFIEC 031 and 041

RI-E-3
(3-24)

RI-E - EXPLANATIONS

FFIEC 031 and 041

Item No.
6

RI-E - EXPLANATIONS

Caption and Instructions
Adjustments to allowances for credit losses. Disclose in items 6.a through 6.c the dollar
amount of each type of adjustment to the allowances for credit losses on loans and leases,
held-to-maturity debt securities, and available-for-sale debt securities that is included in
Schedule RI-B, Part II, item 6, columns A, B, and C, respectively.
If the effect of an adjustment is to reduce the bank's allowances for credit losses, report the
dollar amount with a minus (-) sign.
A preprinted caption has been provided for item 6.a, “Initial allowances for credit losses
recognized upon the acquisition of purchased credit-deteriorated assets.”
In item 6.a, institutions should report calendar year-to-date initial gross-up amounts
recognized upon the acquisition of purchased credit-deteriorated assets.
Exclude post-acquisition changes in the allowances for credit losses on purchased creditdeteriorated loans and leases, held-to-maturity debt securities, and available-for-sale debt
securities (report such changes as provisions for credit losses in Schedule RI-B, Part II, item
5, columns A, B, and C, respectively).
Institutions should list and briefly describe in items 6.b and 6.c the dollar amount of each type
of adjustment to allowances for credit losses included in Schedule RI-B, Part II, item 6,
columns A, B, and C, that is not reported in item 6.a.
If Schedule RI-B, Part II, item 6, includes more than two types of adjustments (other than
the adjustment reported in item 6.a), report the additional adjustments in Schedule RI-E, item
7, below.

7

Other explanations. In the space provided on the report form, the bank may, at its option,
list and briefly describe any other significant items relating to the Consolidated Report of
Income. The bank's other explanations must not exceed 750 characters, including
punctuation and standard spacing between words and sentences.

FFIEC 031 and 041

RI-E-4
(12-24)

RI-E - EXPLANATIONS

FFIEC 031 and 041

RC - BALANCE SHEET

LINE ITEM INSTRUCTIONS FOR THE CONSOLIDATED REPORT OF
CONDITION
The line item instructions should be read in conjunction with the Glossary and other sections of these
instructions. See the discussion of the Organization of the Instruction Books in the General Instructions.
For purposes of these Consolidated Report of Condition instructions, the Financial Accounting Standards
Board (FASB) Accounting Standards Codification is referred to as the “ASC.”

SCHEDULE RC – BALANCE SHEET
ASSETS
Item No.
1

Caption and Instructions
Cash and balances due from depository institutions. On the FFIEC 031, the sum of
Schedule RC, items 1.a and 1.b, must equal Schedule RC-A, item 5, column A, "Total."
On the FFIEC 041, Schedule RC-A is not applicable to banks with less than $300 million in
total assets; for banks with $300 million or more in total assets, the sum of Schedule RC,
items 1.a and 1.b, must equal Schedule RC-A, item 5, “Total.”
Treatment of reciprocal balances with depository institutions – Reciprocal balances arise
when two depository institutions maintain deposit accounts with each other, i.e., when a
reporting bank has both a "due from" and a "due to" balance with another depository
institution. Reciprocal balances between the reporting bank and other depository institutions
may be reported on a net basis in accordance with generally accepted accounting principles.
Net "due from" balances should be reported in items 1.a and 1.b below, as appropriate. Net
"due to" balances should be reported as deposit liabilities in Schedule RC, item 13 below.
See the Glossary entry for "Reciprocal Balances."

1.a

Noninterest-bearing balances and currency and coin. Report the total of all
noninterest-bearing balances due from depository institutions, currency and coin, cash items
in process of collection, and unposted debits. On the FFIEC 031, the components of this
item will also be included in the appropriate items of Schedule RC-A, column A. On the
FFIEC 041, for banks with $300 million or more in total assets, the components of this item
will also be included in the appropriate items of Schedule RC-A.
For purposes of these reports, deposit accounts "due from" other depository institutions that
are overdrawn are to be reported as borrowings in Schedule RC, item 16, and in
Schedule RC-M, item 5.b, except overdrawn "due from" accounts arising in connection with
checks or drafts drawn by the reporting bank and drawn on, or payable at or through, another
depository institution either on a zero-balance account or on an account that is not routinely
maintained with sufficient balances to cover checks or drafts drawn in the normal course of
business during the period until the amount of the checks or drafts is remitted to the other
depository institution (in which case, report the funds received or held in connection with such
checks or drafts as deposits in Schedule RC-E until the funds are remitted). For further
information, refer to the Glossary entry for "Overdraft."

FFIEC 031 and 041

RC-1
(9-23)

RC - BALANCE SHEET

FFIEC 031 and 041

RC - BALANCE SHEET

Item No.

Caption and Instructions

1.a
(cont.)

Cash items in process of collection include:
(1) Checks or drafts in process of collection that are drawn on another depository institution
(or on a Federal Reserve Bank) and that are payable immediately upon presentation in
the United States. This includes:
(a) Checks or drafts drawn on other institutions that have already been forwarded for
collection but for which the reporting bank has not yet been given credit ("cash
letters").
(b) Checks or drafts on hand that will be presented for payment or forwarded for
collection on the following business day.
(c) Checks or drafts that have been deposited with the reporting bank's correspondent
and for which the reporting bank has already been given credit, but for which the
amount credited is not subject to immediate withdrawal ("ledger credit" items).
However, if the reporting bank has been given immediate credit by its correspondent for
checks or drafts presented for payment or forwarded for collection and if the funds on
deposit are subject to immediate withdrawal, the amount of such checks or drafts is
considered part of the reporting bank's balances due from depository institutions.
(2) Government checks drawn on the Treasurer of the United States or any other
government agency that are payable immediately upon presentation and that are in
process of collection.
(3) Such other items in process of collection that are payable immediately upon presentation
and that are customarily cleared or collected as cash items by depository institutions in
the United States, such as:
(a) Redeemed United States savings bonds and food stamps.
(b) Amounts associated with automated payment arrangements in connection with
payroll deposits, federal recurring payments, and other items that are credited to a
depositor's account prior to the payment date to ensure that the funds are available
on the payment date.
(c) Federal Reserve deferred account balances until credit has been received in
accordance with the appropriate time schedules established by the Federal Reserve
Banks. At that time, such balances are considered part of the reporting bank's
balances due from depository institutions.
(d) Checks or drafts drawn on another depository institution that have been deposited in
one office of the reporting bank and forwarded for collection to another office of the
reporting bank.
(e) Brokers' security drafts and commodity or bill-of-lading drafts payable immediately
upon presentation in the U.S. (See the Glossary entries for "Broker's Security Draft"
and "Commodity or Bill-of-Lading Draft" for the definitions of these terms.)

FFIEC 031 and 041

RC-2
(9-23)

RC - BALANCE SHEET

FFIEC 031 and 041

RC - BALANCE SHEET

Item No.

Caption and Instructions

1.a
(cont.)

Exclude from cash items in process of collection:
(1) Cash items for which the reporting bank has already received credit, provided that the
funds on deposit are subject to immediate withdrawal. The amount of such cash items is
considered part of the reporting bank's balances due from depository institutions.
(2) Credit or debit card sales slips in process of collection (report as noncash items in
Schedule RC-F, item 6, "All other assets”). However, when the reporting bank has been
notified that it has been given credit, the amount of such sales slips is considered part of
the reporting bank's balances due from depository institutions.
(3) Cash items not conforming to the definition of in process of collection, whether or not
cleared through Federal Reserve Banks (report in Schedule RC-F, item 6, "All other
assets”).
(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. (If deposit credit has been given, report as loans in the
appropriate item of Schedule RC-C, Part I; if the drafts were received on a collection
basis, they should be excluded entirely from the bank's balance sheet, Schedule RC,
until the funds have actually been collected.)
Unposted debits are cash items in the bank's possession, drawn on itself, that are
immediately chargeable, but that have not been charged to the general ledger deposit control
account at the close of business on the report date.
Currency and coin include both U.S. and foreign currency and coin owned and held in all
offices of the reporting bank, currency and coin in transit to a Federal Reserve Bank or to any
other depository institution for which the reporting bank has not yet received credit, and
currency and coin in transit from a Federal Reserve Bank or from any other depository
institution for which the reporting bank's account has already been charged. Foreign
currency and coin should be converted into U.S. dollar equivalents as of the report date.
Noninterest-bearing balances due from depository institutions include balances due from
commercial banks in the U.S., other depository institutions in the U.S. (e.g., credit unions,
mutual and stock savings banks, savings or building and loan associations, and cooperative
banks), Federal Home Loan Banks, banks in foreign countries, and foreign central banks.
Noninterest-bearing balances include those noninterest-bearing funds on deposit at other
depository institutions for which the reporting bank has already received credit and which are
subject to immediate withdrawal. Balances for which the bank has not yet received credit
and balances representing checks or drafts for which immediate credit has been given but
which are not subject to immediate withdrawal are considered "cash items in process of
collection."
Include as noninterest-bearing balances due from depository institutions:
(1) Noninterest-bearing balances due from the reporting bank's correspondents, including
amounts that its correspondent is to pass through or already has passed through to a
Federal Reserve Bank on behalf of the reporting bank (see the Glossary entry for
"Pass-through Reserve Balances" for further discussion).

FFIEC 031 and 041

RC-3
(12-20)

RC - BALANCE SHEET

FFIEC 031 and 041

RC - BALANCE SHEET

Item No.

Caption and Instructions

1.a
(cont.)

(2) Noninterest-bearing balances that reflect deposit credit received by the reporting bank
because of credit or debit card sales slips that had been forwarded for collection.
(Until credit has been received, report as noncash items in process of collection in
Schedule RC-F, item 6, "All other assets.”)
(3) Amounts that the reporting bank has actually passed through to a Federal Reserve Bank
on behalf of its respondent depository institutions (see the Glossary entry for
"Pass-through Reserve Balances" for further discussion).
Exclude from noninterest-bearing balances due from depository institutions:
(1) Balances due from Federal Reserve Banks (report as interest-bearing balances due from
depository institutions in Schedule RC, item 1.b).
(2) Deposit accounts "due to" other depository institutions that are overdrawn (report in
Schedule RC-C, Part I, item 2, "Loans to depository institutions and acceptances of other
banks").
(3) All noninterest-bearing balances that the reporting bank's trust department maintains with
other depository institutions.

1.b

Interest-bearing balances. Report all interest-bearing balances due from depository
institutions whether in the form of demand, savings, or time balances, including certificates of
deposit (CDs), even if the CDs are negotiable or have CUSIP numbers, but excluding
certificates of deposit held for trading. Include balances due from Federal Reserve Banks
(including balances maintained to satisfy reserve balance requirements, excess balances,
and term deposits), commercial banks in the U.S., other depository institutions in the U.S.,
Federal Home Loan Banks, banks in foreign countries, and foreign central banks. Include the
fair value of interest-bearing balances due from depository institutions that are accounted for
at fair value under a fair value option.
On the FFIEC 031, the components of this item will also be included in the appropriate items
of Schedule RC-A, column A. On the FFIEC 041, for banks with $300 million or more in total
assets, the components of this item will also be included in the appropriate items of
Schedule RC-A.
Exclude from interest-bearing balances:
(1) Loans to depository institutions and acceptances of other banks (report in
Schedule RC-C, Part I, item 2).
(2) All interest-bearing balances that the reporting bank's trust department maintains with
other depository institutions.
(3) Certificates of deposit held for trading (report in Schedule RC, item 5).
(4) Investments in money market mutual funds, which, for purposes of these reports, are to
be reported as investments in equity securities.

FFIEC 031 and 041

RC-4
(12-20)

RC - BALANCE SHEET

FFIEC 031 and 041

Item No.

RC - BALANCE SHEET

Caption and Instructions

2

Securities:

2.a

Held-to-maturity securities. Report the amortized cost of held-to-maturity securities net of
any applicable allowances for credit losses, i.e., report the amount from Schedule RC-B, item
8, column A, “Total amortized cost,” less the amount of allowances for credit losses on heldto-maturity securities reported in Schedule RI-B, Part II, item 7, column B, “Balance end of
current period.”

2.b

Available-for-sale debt securities. Report the amount from Schedule RC-B, item 8,
column D, "Total fair value."

2.c

Equity securities with readily determinable fair values not held for trading. Report the
fair value of all investments in mutual funds and other equity securities (as defined in ASC
Topic 321, Investments-Equity Securities) with readily determinable fair values that are not
held for trading. Such securities include, but are not limited to, money market mutual funds,
mutual funds that invest solely in U.S. Government securities, common stock, and perpetual
preferred stock. Perpetual preferred stock does not have a stated maturity date and cannot
be redeemed at the option of the investor, although it may be redeemable at the option of the
issuer.
The fair value of equity securities with readily determinable fair values not held for trading
included in this item 2.c that are pledged should be reported in Schedule RC-B,
Memorandum item 1, “Pledged securities.”
Insured state banks that have received FDIC approval in accordance with Section 362.3(a) of
the FDIC’s regulations to hold certain equity investments (“grandfathered equity securities”)
should report in Schedule RC-M, item 4, the aggregate cost basis of all equity securities with
readily determinable fair values not held for trading that are included in this item 2.c.
Exclude equity securities held for trading from Schedule RC, item 2.c. For purposes of the
Call Report balance sheet, trading activities typically include (a) regularly underwriting or
dealing in securities; interest rate, foreign exchange rate, commodity, equity, and credit
derivative contracts; other financial instruments; and other assets for resale, (b) acquiring or
taking positions in such items principally for the purpose of selling in the near term or
otherwise with the intent to resell in order to profit from short-term price movements, and
(c) acquiring or taking positions in such items as accommodations to customers, provided
that acquiring or taking such positions meets the definition of “trading” in ASC Topic 320,
Investments–Debt Securities, and ASC Topic 815, Derivatives and Hedging, and the
definition of “trading purposes” in ASC Topic 815. When an institution’s holdings of equity
securities with readily determinable fair values fall within the scope of the preceding
description of trading activities, the equity securities should be reported as trading assets in
Schedule RC, item 5. Otherwise, the equity securities should be reported in this item 2.c.

FFIEC 031 and 041

RC-5
(12-24)

RC - BALANCE SHEET

FFIEC 031 and 041

RC - BALANCE SHEET

Caption and Instructions
2.c
(cont.)

According to ASC Topic 321, the fair value of an equity security is readily determinable if
sales prices or bid-and-asked quotations are currently available on a securities exchange
registered with the U.S. Securities and Exchange Commission (SEC) or in the over-thecounter market, provided that those prices or quotations for the over-the-counter market are
publicly reported by the National Association of Securities Dealers Automated Quotations
systems or by OTC Markets Group Inc. (“Restricted stock” meets that definition if the
restriction terminates within one year.) The fair value of an equity security traded only in a
foreign market is readily determinable if that foreign market is of a breadth and scope
comparable to one of the U.S. markets referred to above. The fair value of an investment in
a mutual fund (or in a structure similar to a mutual fund, i.e., a limited partnership or a venture
capital entity) is readily determinable if the fair value per share (unit) is determined and
published and is the basis for current transactions.
Investments in mutual funds and other equity securities with readily determinable fair values
may have been purchased by the reporting institution or acquired for debts previously
contracted.
Include in this item common stock and perpetual preferred stock of the Federal National
Mortgage Association (Fannie Mae), common stock and perpetual preferred stock of the
Federal Home Loan Mortgage Corporation (Freddie Mac), Class A voting and Class C
non-voting common stock of the Federal Agricultural Mortgage Corporation (Farmer Mac),
and common and preferred stock of SLM Corporation (the private-sector successor to the
Student Loan Marketing Association).
Exclude from equity securities with readily determinable fair values not held for trading:
(1) Federal Reserve Bank stock (report as an equity investment without a readily
determinable fair value in Schedule RC-F, item 4).
(2) Federal Home Loan Bank stock (report as an equity investment without a readily
determinable fair value in Schedule RC-F, item 4).
(3) Common and preferred stocks without readily determinable fair values, such as stock of
bankers' banks and Class B voting common stock of the Federal Agricultural Mortgage
Corporation (Farmer Mac) (report in Schedule RC-F, item 4).
(4) Preferred stock that by its terms either must be redeemed by the issuing enterprise or is
redeemable at the option of the investor (i.e., redeemable or limited-life preferred stock),
including trust preferred securities subject to mandatory redemption (report such
preferred stock as an other debt security in Schedule RC-B, item 6).
(5) "Restricted stock," i.e., equity securities for which sale is restricted by governmental or
contractual requirement (other than in connection with being pledged as collateral),
except if that requirement terminates within one year or if the holder has the power by
contract or otherwise to cause the requirement to be met within one year (if the restriction
does not terminate within one year, report "restricted stock" as an equity investment
without a readily determinable fair value in Schedule RC-F, item 4).
(6) Participation certificates issued by a Federal Intermediate Credit Bank, which represent
nonvoting stock in the bank (report as an equity investment without a readily
determinable fair value in Schedule RC-F, item 4).

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Item No.

Caption and Instructions

2.c
(cont.)

(7) Minority interests held by the reporting institution in any companies not meeting the
definition of associated company (report as equity investments without readily
determinable fair values in Schedule RC-F, item 4), except minority holdings that
indirectly represent bank premises (report in Schedule RC, item 6) or other real estate
owned (report in Schedule RC, item 7), provided that the fair value of any capital stock
representing the minority interest is not readily determinable. (See the Glossary entry for
"Subsidiaries" for the definition of associated company.)
(8) Equity holdings in those corporate joint ventures over which the reporting institution does
not exercise significant influence (report as equity investments without readily
determinable fair value in Schedule RC-F, item 4), except equity holdings that indirectly
represent bank premises (report in Schedule RC, item 6) or other real estate owned
(report in Schedule RC, item 7). (See the Glossary entry for "Subsidiaries" for the
definition of corporate joint venture.)
(9) Holdings of capital stock of and investments in unconsolidated subsidiaries, associated
companies, and those corporate joint ventures over which the reporting bank exercises
significant influence (report in Schedule RC, item 8, "Investments in unconsolidated
subsidiaries and associated companies").

3

Federal funds sold and securities purchased under agreements to resell:

3.a

Federal funds sold (in domestic offices). Report the outstanding amount of federal funds
sold, i.e., immediately available funds lent (in domestic offices) under agreements or
contracts that have an original maturity of one business day or roll over under a continuing
contract, excluding such funds lent in the form of securities purchased under agreements to
resell (which should be reported in Schedule RC, item 3.b) and overnight lending for
commercial and industrial purposes (which generally should be reported in Schedule RC,
item 4.b). Transactions that are to be reported as federal funds sold may be secured or
unsecured or may involve an agreement to resell loans or other instruments that are not
securities.
Immediately available funds are funds that the purchasing bank 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. A continuing contract, regardless of the terminology used, is an
agreement that remains in effect for more than one business day, but has no specified
maturity and does not require advance notice of the lender or the borrower to terminate.
Report federal funds sold on a gross basis; i.e., do not net them against federal funds
purchased, except to the extent permitted under ASC Subtopic 210-20, Balance Sheet –
Offsetting. Include the fair value of federal funds sold that are accounted for at fair value
under a fair value option.
Also exclude from federal funds sold:
(1) Sales of so-called "term federal funds" (as defined in the Glossary entry for "Federal
Funds Transactions") (report in Schedule RC, item 4.b, "Loans and leases held for
investment").
(2) Securities resale agreements that have an original maturity of one business day or roll
over under a continuing contract, if the agreement requires the bank to resell the identical
security purchased or a security that meets the definition of substantially the same in the
case of a dollar roll (report in Schedule RC, item 3.b, "Securities purchased under
agreements to resell").

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Item No.

Caption and Instructions

3.a
(cont.)

(3) Deposit balances due from a Federal Home Loan Bank (report as balances due from
depository institutions in Schedule RC, item 1.a or 1.b, as appropriate).
(4) Lending transactions in foreign offices involving immediately available funds with an
original maturity of one business day or under a continuing contract that are not securities
resale agreements (report in Schedule RC, item 4.b, "Loans and leases held for
investment").
For further information, see the Glossary entry for "Federal Funds Transactions."

3.b

Securities purchased under agreements to resell. Report the outstanding amount of:
(1) Securities resale agreements, regardless of maturity, if the agreement requires the bank
to resell the identical security purchased or a security that meets the definition of
substantially the same in the case of a dollar roll.
(2) Purchases of participations in pools of securities, regardless of maturity.
Except as noted below, report securities purchased under agreements to resell on a gross
basis, i.e., do not net them against securities sold under agreements to repurchase, except to
the extent permitted under ASC Subtopic 210-20, Balance Sheet – Offsetting. Include the
fair value of securities purchased under agreements to resell that are accounted for at fair
value under a fair value option.
Report securities purchased under agreements to resell that are measured at amortized cost
net of any applicable allowances for credit losses.
Exclude from this item:
(1) Resale agreements involving assets other than securities (report in Schedule RC,
item 3.a, "Federal funds sold," or item 4.b, "Loans and leases held for investment,"
as appropriate, depending on the maturity and office location of the transaction).
(2) Due bills representing purchases of securities or other assets by the reporting bank that
have not yet been delivered and similar instruments, whether collateralized or
uncollateralized (report in Schedule RC, item 4.b). See the Glossary entry for "Due Bills."
(3) So-called yield maintenance dollar repurchase agreements (see the Glossary entry for
"Repurchase/Resale Agreements").
For further information, see the Glossary entry for "Repurchase/Resale Agreements."

4

Loans and lease financing receivables. Report in the appropriate subitem loans and
leases held for sale and loans and leases that the reporting bank has the intent and ability to
hold for the foreseeable future or until maturity or payoff, i.e., held for investment. The sum of
Schedule RC, items 4.a and 4.b, must equal Schedule RC-C, Part I, item 12, (column A on
the FFIEC 031).

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Item No.

Caption and Instructions

4.a

Loans and leases held for sale. Report the amount of loans and leases held for sale.
Loans and leases held for sale should be reported at the lower of cost or fair value except for
those loans held for sale that the bank has elected to account for at fair value under a fair
value option, which should be reported in this item at fair value. For loan and leases held for
sale that are reported at the lower of cost or fair value, the amount by which cost exceeds fair
value, if any, shall be accounted for as a valuation allowance within this item. No allowance
for credit losses should be included in Schedule RC, item 4.c, for loans and leases held for
sale. All loans and leases reported in this item must also be reported by loan category in
Schedule RC-C, Part I.

4.b

Loans and leases held for investment. Report the amount of loans and leases that
the reporting bank has the intent and ability to hold for the foreseeable future or until maturity
or payoff, i.e., loans held for investment. Include loans held for investment that the bank has
elected to account for at fair value under a fair value option, which should be reported in this
item at fair value. All loans and leases reported in this item must also be reported by loan
category in Schedule RC-C, Part I.

4.c

Less: Allowance for credit losses on loans and leases. Report the allowance for credit
losses on loans and leases as determined in accordance with the instructions in the Glossary
entry for "Allowance for Credit Losses." Also include in this item any allocated transfer risk
reserve related to loans and leases held for investment that the reporting bank is required to
establish and maintain as specified in Section 905(a) of the International Lending Supervision
Act of 1983, in the agency regulations implementing the Act (Subpart D of Federal Reserve
Regulation K, Part 347 of the FDIC’s Rules and Regulations, and Subpart C of Part 28 of the
Comptroller of the Currency’s Regulations), and in any guidelines, letters, or instructions
issued by the agencies. This item must equal Report of Income Schedule RI-B, Part II,
item 7, column A, “Balance end of current period.”

4.d

Loans and leases held for investment, net of allowance. Report the amount derived by
subtracting Schedule RC, item 4.c, from Schedule RC, item 4.b.

5

Trading assets. Trading activities typically include (a) regularly underwriting or dealing in
securities; interest rate, foreign exchange rate, commodity, equity, and credit derivative
contracts; other financial instruments; and other assets for resale; (b) acquiring or taking
positions in such items principally for the purpose of selling in the near term or otherwise with
the intent to resell in order to profit from short-term price movements; or (c) acquiring or
taking positions in such items as accommodations to customers, provided that acquiring or
taking such positions meets the definition of “trading” in ASC Topic 320, Investments–Debt
Securities, and ASC Topic 815, Derivatives and Hedging, and the definition of “trading
purposes” in ASC Topic 815. Assets and other financial instruments held for trading shall be
consistently valued at fair value as defined by ASC Topic 820, Fair Value Measurement.
For purposes of the Consolidated Reports of Condition and Income, all debt securities within
the scope of ASC Topic 320, Investments–Debt Securities, that a bank has elected to report
at fair value under a fair value option with changes in fair value reported in current earnings

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Item No.

Caption and Instructions

5
(cont.)

should be classified as trading securities. In addition, for purposes of these reports, banks
may classify assets (other than debt securities within the scope of ASC Topic 320 for which a
fair value option is elected) as trading if the bank applies fair value accounting, with changes
in fair value reported in current earnings, and manages these assets as trading positions,
subject to the controls and applicable regulatory guidance related to trading activities. For
example, a bank would generally not classify a loan to which it has applied the fair value
option as a trading asset unless the bank holds the loan, which it manages as a trading
position, for one of the following purposes: (1) for market making activities, including such
activities as accumulating loans for sale or securitization; (2) to benefit from actual or
expected price movements; or (3) to lock in arbitrage profits.
Do not include in this item the carrying value of any available-for-sale securities, any loans
that are held for sale (and are not classified as trading in accordance with the preceding
instruction), and any leases that are held for sale. Available-for-sale debt securities are
reported in Schedule RC, item 2.b, and in Schedule RC-B, columns C and D. Loans (not
classified as trading) and leases held for sale should be reported in Schedule RC, item 4.a,
"Loans and leases held for sale," and in Schedule RC-C.
Trading assets also include derivatives with a positive fair value resulting from the "marking to
market" of interest rate, foreign exchange rate, commodity, equity, and credit derivative
contracts held for trading purposes as of the report date. Derivative contracts with the same
counterparty that have positive fair values and negative fair values and meet the criteria for a
valid right of setoff contained in ASC Subtopic 210-20, Balance Sheet – Offsetting
(e.g., those contracts subject to a qualifying master netting agreement), may be reported on a
net basis using this item and Schedule RC, item 15, "Trading liabilities," as appropriate.
(See the Glossary entry for "Offsetting.")
For those banks that must complete Schedule RC-D, this item must equal Schedule RC-D,
item 12, "Total trading assets," and Schedule RC-Q, sum of items 5.a and 5.b, column A.

6

Premises and fixed assets (including right-of-use assets). Report on a consolidated
basis the book value, less accumulated depreciation or amortization and any impairment
losses, of all premises, equipment, furniture, and fixtures. Also, report right-of-use (ROU)
assets accounted for in accordance with ASC Topic 842, Leases.
Any method of depreciation or amortization conforming to accounting principles that are
generally acceptable for financial reporting purposes may be used. However, depreciation
for premises and fixed assets may be based on a method used for federal income tax
purposes if the results would not be materially different from depreciation based on the
asset's estimated useful life.
Do not deduct mortgages or other liens on such property (report in Schedule RC, item 16,
"Other borrowed money").
Include as premises and fixed assets:
(1) Premises that are actually owned and occupied (or to be occupied, if under construction)
by the institution, its branches, or its consolidated subsidiaries.
(2) Leasehold improvements, vaults, and fixed machinery and equipment.
(3) Capitalized remodeling costs to existing premises.

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Item No.

Caption and Instructions

6
(cont.)

(4) Real estate acquired and intended to be used for future expansion.
(5) Parking lots owned by the institution that are used by customers or employees of the
institution, its branches, and its consolidated subsidiaries.
(6) Furniture, fixtures, and movable equipment of the institution, its branches, and its
consolidated subsidiaries.
(7) Automobiles, airplanes, and other vehicles owned by the institution and used in the
conduct of its business.
(8) The amount of ROU assets that represents premises, equipment, furniture, and fixtures.
In general, under ASC Topic 842 for an institution as lessee, the ROU asset for a finance
lease should be reported at cost less any accumulated amortization and any
accumulated impairment losses; the ROU asset for an operating lease (not previously
impaired) should be reported at the book value of the related lease liability adjusted for
the remaining balance of any lease incentives received, any prepaid or accrued lease
payments, any unamortized initial direct costs, and any current period impairment. After
an ROU asset for an operating lease is impaired, it should be reported at its carrying
amount immediately after the impairment less any accumulated amortization. See the
discussion of accounting by an institution as lessee in the Glossary entry for "Lease
Accounting."
(9) (a) Stocks and bonds issued by nonmajority-owned corporations, and
(b) Investments in limited partnerships or limited liability companies (other than
investments so minor that the institution has virtually no influence over the
partnership or company)
whose principal activity is the ownership of land, buildings, equipment, furniture, or
fixtures occupied or used (or to be occupied or used) by the institution, its branches, or
its consolidated subsidiaries. Report such stocks and investments at (i) fair value or
(ii) if chosen by the reporting institution for an equity investment that does not have a
readily determinable fair value, at cost minus impairment, if any, plus or minus changes
resulting from observable price changes in orderly transactions for the identical or a
similar investment of the same issuer.
Exclude from premises and fixed assets:
(1) Original paintings, antiques, and similar valuable objects (report in Schedule RC-F,
item 6, "All other assets”).
(2) Favorable leasehold rights (report in Schedule RC-M, item 2.c, "All other intangible
assets").
Property formerly but no longer used for banking may be reported either in this item as
"Premises and fixed assets" or in Schedule RC-M, item 3, as "Other real estate owned."

7

Other real estate owned. Report the total amount of other real estate owned from
Schedule RC-M, item 3.g on the FFIEC 031 and item 3.f on the FFIEC 041. For further
information on other real estate owned, see the instructions to Schedule RC-M, item 3, and
the Glossary entry for "Foreclosed Assets."

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Item No.
8

RC - BALANCE SHEET

Caption and Instructions
Investments in unconsolidated subsidiaries and associated companies. Report the
amount of the bank's investments in subsidiaries that have not been consolidated; associated
companies; corporate joint ventures, unincorporated joint ventures, and general partnerships
over which the bank exercises significant influence; and noncontrolling investments in certain
limited partnerships and limited liability companies (described in the Glossary entry for
“Equity Method of Accounting”), excluding those that represent direct and indirect
investments in real estate ventures (which are to be reported in Schedule RC, item 9). The
entities in which these investments have been made are collectively referred to as
“investees.” Include loans and advances to investees and holdings of their bonds, notes, and
debentures.
Investments in investees shall be reported using the equity method of accounting. Under the
equity method, the carrying value of the bank's investment in an investee is originally
recorded at cost but is adjusted periodically to record as income the bank's proportionate
share of the investee's earnings or losses and decreased by the amount of any cash
dividends or similar distributions received from the investee. For purposes of these reports,
the date through which the carrying value of the bank's investment in an investee has been
adjusted should, to the extent practicable, match the report date of the Consolidated Report
of Condition, but in no case differ by more than 93 days from the report date.
Unconsolidated subsidiaries include those majority-owned subsidiaries that do not meet the
significance standards for required consolidation that the bank chooses not to consolidate
under the optional consolidation provisions. Refer to the General Instructions section of this
book for a detailed discussion of consolidation. See also the Glossary entry for
"Subsidiaries."

9

Direct and indirect investments in real estate ventures. Report the amount of the bank’s
direct and indirect investments in real estate ventures. Exclude real estate acquired in any
manner for debts previously contracted, including, but not limited to, real estate acquired
through foreclosure or acquired by deed in lieu of foreclosure, and equity holdings that
indirectly represent such real estate (report in Schedule RC-M, item 3, “Other real estate
owned”).
NOTE: 12 USC 29 limits the authority of national banks to hold real estate. State member
banks are not authorized to invest in real estate except with the prior approval of the Board of
Governors of the Federal Reserve System under Federal Reserve Regulation H (12 CFR
Part 208). In certain states, nonmember banks may invest in real estate.
Include as direct and indirect investments in real estate ventures:
(1) Any real estate originally acquired, directly or indirectly, by the bank or a consolidated
subsidiary and held for development, resale, or other investment purposes.
(2) Real estate acquisition, development, or construction (ADC) arrangements which are
accounted for as direct investments in real estate or real estate joint ventures in
accordance with ASC Subtopic 310-10, Receivables – Overall.
(3) Real estate originally acquired and held for investment by the bank or a consolidated
subsidiary that has been sold under contract and the sale does not meet sale accounting
treatment in accordance with ASC Subtopic 610-20 and ASC Topic 606.

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Item No.

Caption and Instructions

9
(cont.)

(4) Any other loans secured by real estate and advanced for real estate acquisition,
development, or investment purposes if the reporting bank in substance has virtually the
same risks and potential rewards as an investor in the borrower's real estate venture.
(5) Investments in subsidiaries that have not been consolidated; associated companies;
corporate joint ventures, unincorporated joint ventures, and general partnerships over
which the bank exercises significant influence; and noncontrolling investments in certain
limited partnerships and limited liability companies (described in the Glossary entry for
“Equity Method of Accounting”) that are primarily engaged in the holding of real estate for
development, resale, or other investment purposes. The entities in which these
investments have been made are collectively referred to as “investees.” Investments by
the bank in these investees may be in the form of common or preferred stock, partnership
interests, loans or other advances, bonds, notes, or debentures. Such investments shall
be reported using the equity method of accounting. For further information on the equity
method, see the instructions to Schedule RC, item 8, above.
(6) Investments in corporate joint ventures, unincorporated joint ventures, and general
partnerships over which the bank does not exercise significant influence and investments
in limited partnerships and limited liability companies that are so minor that the bank has
virtually no influence over the partnership or company, where the entity in which the
investment has been made is primarily engaged in the holding of real estate for
development, resale, or other investment purposes. Report such investments at
(i) fair value or (ii) if chosen by the reporting institution for an equity investment that does
not have a readily determinable fair value, at cost minus impairment, if any, plus or minus
changes resulting from observable price changes in orderly transactions for the identical
or a similar investment of the same issuer.

10

Intangible assets. Report the total amount of intangible assets from Schedule RC-M,
item 2.d.

11

Other assets. Report the amount from Schedule RC-F, item 7, "Total."

12

Total assets. Report the sum of Schedule RC, items 1 through 11. This item must equal
Schedule RC, item 29, "Total liabilities and equity capital."

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LIABILITIES
Item No.

Caption and Instructions

13

Deposits. (For a discussion of noninterest-bearing and interest-bearing deposits, see the
Glossary entry for "Deposits.")

13.a

In domestic offices. Report the total of all deposits in domestic offices of the reporting bank.
This item must equal the sum of Schedule RC-E, (Part I), item 7, columns A and C.
This item must also equal the sum of Schedule RC, items 13.a.(1) and 13.a.(2), below.

13.a.(1)

Noninterest-bearing. On the FFIEC, 041, report the total of all noninterest-bearing deposits
included in Schedule RC-E, Deposit Liabilities. On the FFIEC 031, report the total of all
noninterest-bearing deposits in domestic offices included in Schedule RC-E, Part I, Deposits
in Domestic Offices. Noninterest-bearing deposits include noninterest-bearing demand, time,
and savings deposits.

13.a.(2)

Interest-bearing. On the FFIEC 041, report the total of all interest-bearing deposits included
in Schedule RC-E, Deposit Liabilities. On the FFIEC 031, report the total of all
interest-bearing deposits in domestic offices included in Schedule RC-E, Part I, Deposits in
Domestic Offices. Include interest-bearing demand deposits.

NOTE: Items 13.b, 13.b.(1), and 13.b.(2) are applicable only to banks filing the FFIEC 031 report form.
13.b

In foreign offices, Edge and Agreement subsidiaries, and IBFs. Report the total of all
deposits in foreign offices, Edge and Agreement subsidiaries, and IBFs. For institutions
with $10 billion or more in total assets, this item must equal the amount reported in
Schedule RC-E, Part II, item 6, "Total."
This item must also equal the sum of Schedule RC, items 13.b.(1) and 13.b.(2), below.

13.b.(1)

Noninterest-bearing. Report the total of all noninterest-bearing deposits in foreign offices.
For institutions with $10 billion or more in total assets, the noninterest-bearing deposits
included in this item should also be reported by category of depositor in Schedule RC-E,
Part II, Deposits in Foreign Offices.

13.b.(2)

Interest-bearing. Report the total of all interest-bearing deposits in foreign offices. For
institutions with $10 billion or more in total assets, the interest-bearing deposits included
in this item should also be reported by category of depositor in Schedule RC-E, Part II,
Deposits in Foreign Offices.

14

Federal funds purchased and securities sold under agreements to repurchase:

14.a

Federal funds purchased (in domestic offices). Report the outstanding amount of federal
funds purchased, i.e., immediately available funds borrowed (in domestic offices) under
agreements or contracts that have an original maturity of one business day or roll over under
a continuing contract, excluding such funds borrowed in the form of securities sold under
agreements to repurchase (which should be reported in Schedule RC, item 14.b) and Federal
Home Loan Bank advances (which should be reported in Schedule RC, item 16).
Transactions that are to be reported as federal funds purchased may be secured or
unsecured or may involve an agreement to repurchase loans or other instruments that are
not securities.

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RC - BALANCE SHEET

Item No.

Caption and Instructions

14.a
(cont.)

Immediately available funds are funds that the purchasing bank 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. A continuing contract, regardless of the terminology used, is an
agreement that remains in effect for more than one business day, but has no specified
maturity and does not require advance notice of the lender or the borrower to terminate.
Report federal funds purchased on a gross basis; i.e., do not net them against federal funds
sold, except to the extent permitted under ASC Subtopic 210-20, Balance Sheet – Offsetting.
Include the fair value of federal funds purchased that are accounted for at fair value under a
fair value option.
Also exclude from federal funds purchased:
(1) Purchases of so-called "term federal funds" (as defined in the Glossary entry for "Federal
Funds Transactions") (report in Schedule RC, item 16, "Other borrowed money").
(2) Security repurchase agreements that have an original maturity of one business day or roll
over under a continuing contract, if the agreement requires the bank to repurchase the
identical security sold or a security that meets the definition of substantially the same in
the case of a dollar roll (report in Schedule RC, item 14.b, "Securities sold under
agreements to repurchase").
(3) Borrowings from a Federal Home Loan Bank in the form of advances (report in
Schedule RC, item 16) and securities repurchase agreements (report in Schedule RC,
item 14.b).
(4) Borrowings from a Federal Reserve Bank in the form of securities repurchase
agreements (report in Schedule RC, item 14.b) and other borrowings (report in
Schedule RC, item 16).
(5) Borrowing transactions in foreign offices involving immediately available funds with an
original maturity of one business day or under a continuing contract that are not securities
repurchase agreements (report in Schedule RC, item 16).
For further information, see the Glossary entry for "Federal Funds Transactions."

14.b

Securities sold under agreements to repurchase. Report the outstanding amount of:
(1) Securities repurchase agreements, regardless of maturity, if the agreement requires the
bank to repurchase the identical security sold or a security that meets the definition of
substantially the same in the case of a dollar roll.
(2) Sales of participations in pools of securities, regardless of maturity.
Report securities sold under agreements to repurchase on a gross basis, i.e., do not net them
against securities purchased under agreements to resell, except to the extent permitted
under ASC Subtopic 210-20, Balance Sheet – Offsetting. Include the fair value of securities
sold under agreements to repurchase that are accounted for at fair value under a fair value
option.

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FFIEC 031 and 041

Item No.

Caption and Instructions

14.b
(cont.)

Exclude from this item:

RC - BALANCE SHEET

(1) Repurchase agreements involving assets other than securities (report in Schedule RC,
item 14.a, "Federal funds purchased," or item 16, "Other borrowed money," as
appropriate, depending on the maturity and office location of the transaction).
(2) Borrowings from a Federal Home Loan Bank other than in the form of securities
repurchase agreements (report federal funds purchased in Schedule RC, item 14.a, and
advances in Schedule RC, item 16).
(3) Borrowings from a Federal Reserve Bank other than in the form of securities repurchase
agreements (report in Schedule RC, item 16).
(4) Obligations under due bills that resulted when the bank sold securities or other assets
and received payment, but has not yet delivered the assets, and similar obligations,
whether collateralized or uncollateralized (report in Schedule RC, item 16). See the
Glossary entry for "Due Bills."
(5) So-called yield maintenance dollar repurchase agreements (see the Glossary entry for
"Repurchase/Resale Agreements").
For further information, see the Glossary entry for "Repurchase/Resale Agreements."

15

Trading liabilities. Report the amount of liabilities from the reporting bank's trading
activities. Trading liabilities shall be consistently valued at fair value as defined by
ASC Topic 820, Fair Value Measurement.
Include liabilities resulting from sales of assets that the reporting bank does not own (see the
Glossary entry for "Short Position") and revaluation losses from the "marking to market" of
interest rate, foreign exchange rate, equity, and commodity and other derivative contracts into
which the reporting bank has entered for trading, dealer, customer accommodation, and
similar purposes. In addition, for purposes of these reports, banks may classify liabilities as
trading if the bank applies fair value accounting, with changes in fair value reported in current
earnings, and manages these assets as trading positions, subject to the controls and
applicable regulatory guidance related to trading activities.
For those banks that must complete Schedule RC-D, Trading Assets and Liabilities, the
amount reported in this item must equal Schedule RC-D, item 15, and Schedule RC-Q,
sum of items 10.a and 10.b, column A.

16

Other borrowed money. Report the amount from Schedule RC-M, item 5.c.

17

Not applicable.

18

Not applicable.

19

Subordinated notes and debentures. Report the amount of subordinated notes and
debentures (including mandatory convertible debt). Include the fair value of subordinated
notes and debentures that are accounted for at fair value under a fair value option. (See the
Glossary entry for "Subordinated Notes and Debentures" for the definition of this term.) Also
include the amount of outstanding limited-life preferred stock including any amounts received
in excess of its par or stated value. (See the Glossary entry for "Preferred Stock" for the
definition of limited-life preferred stock.)

FFIEC 031 and 041

RC-16
(12-20)

RC - BALANCE SHEET

FFIEC 031 and 041

RC - BALANCE SHEET

Item No.

Caption and Instructions

20

Other liabilities. Report the amount from Schedule RC-G, item 5, "Total."

21

Total liabilities. Report the sum of Schedule RC, items 13 through 20.

22

Not applicable.

FFIEC 031 and 041

RC-17
(12-20)

RC - BALANCE SHEET

FFIEC 031 and 041

RC - BALANCE SHEET

EQUITY CAPITAL
Item No.

Caption and Instructions

23

Perpetual preferred stock and related surplus. Report the amount of perpetual preferred
stock issued, including any amounts received in excess of its par or stated value. (See the
Glossary entry for "Preferred Stock" for the definition of perpetual preferred stock.)

24

Common stock. Report the aggregate par or stated value of common stock issued.

25

Surplus. Report the net amount formally transferred to the surplus account, including capital
contributions, adjustments arising from treasury stock transactions, and any amount received
for common stock in excess of its par or stated value on or before the report date.
Do not include any portion of the proceeds received from the sale of preferred stock in
excess of its par or stated value (report in Schedule RC, item 19 or 23, as appropriate).

26.a

Retained earnings. Report the amount of retained earnings (undivided profits) and capital
reserves. The amount of the retained earnings and capital reserves should reflect transfers of
net income, declarations of dividends, transfers to surplus, and any other appropriate entries.
Adjustments of accruals and other accounting estimates made shortly after the report date
which relate to the income and expenses of the year-to-date period ended as of the report
date must be reported in the appropriate items of Schedule RI, Income Statement, for that
year-to-date period.
Capital reserves are segregations of retained earnings and are not to be reported as liability
accounts or as reductions of asset balances. Capital reserves may be established for such
purposes as:
(1) Reserve for undeclared stock dividends – Includes amounts set aside to provide for stock
dividends (not cash dividends) not yet declared.
(2) Reserve for undeclared cash dividends – Includes amounts set aside for cash dividends
on common and preferred stock not yet declared. (Cash dividends declared but not yet
payable should be included in Schedule RC-G, item 5, "Other" liabilities.)
(3) Retirement account (for limited-life preferred stock or subordinated notes and
debentures) – Includes amounts allocated under the plan for retirement of limited-life
preferred stock or subordinated notes and debentures contained in the bank's articles of
association or in the agreement under which such stock or notes and debentures were
issued.
(4) Reserve for contingencies – Includes amounts set aside for possible unforeseen or
indeterminate liabilities not otherwise reflected on the bank's books and not covered by
insurance. This reserve may include, for example, reserves set up to provide for possible
losses which the bank may sustain because of lawsuits, the deductible amount under the
bank's blanket bond, defaults on obligations for which the bank is contingently liable, or
other claims against the bank. A reserve for contingencies represents a segregation of
retained earnings. It should not include any element of known losses or of any probable
incurred losses the amount of which can be estimated with reasonable accuracy (see the
Glossary entry for "Loss Contingencies" for additional information).

FFIEC 031 and 041

RC-18
(12-20)

RC - BALANCE SHEET

FFIEC 031 and 041

Item No.

Caption and Instructions

26.a
(cont.)

Exclude from retained earnings:

RC - BALANCE SHEET

(1) Any portion of the proceeds received from the sale of common stock in excess of its par
or stated value (report in Schedule RC, item 25).
(2) Any portion of the proceeds received from the sale of preferred stock in excess of its par
or stated value (report in Schedule RC, item 19 or 23, as appropriate).
(3) "Reserves" that reduce the related asset balances such as valuation allowances (e.g.,
the allowances for credit losses), reserves for depreciation, and reserves for bond
premiums.

26.b

Accumulated other comprehensive income. Report the accumulated balance of other
comprehensive income as of the report date in accordance with ASC Subtopic 220-10,
Comprehensive Income – Overall, net of applicable income taxes, if any. “Other
comprehensive income” refers to revenues, expenses, gains, and losses that under
U.S. generally accepted accounting principles are included in comprehensive income but
excluded from net income.
Items of accumulated other comprehensive income include:
(1) Net unrealized holding gains (losses) on available-for-sale debt securities (including debt
securities transferred into the available-for-sale category from the held-to-maturity
category), i.e., the difference between the amortized cost and the fair value of the
reporting bank's available-for-sale debt securities (excluding any available-for-sale debt
securities previously written down as other-than-temporarily impaired, and excluding the
portion of the difference consisting of an allowance for credit losses, if any).1 For most
institutions, all "debt securities," as that term is defined in ASC Topic 320, InvestmentsDebt Securities, that are designated as "available-for-sale" will be reported as
"Available-for-sale debt securities" in Schedule RC, item 2.b, and in Schedule RC-B,
columns C and D. However, an institution may have certain assets that fall within the
definition of "debt securities" in ASC Topic 320 (e.g., nonrated industrial development
obligations) that it has designated as "available-for-sale" and reports in a
balance sheet category other than "Securities" (e.g., "Loans and lease financing
receivables") for purposes of the Consolidated Report of Condition. These
"available-for-sale" assets must be carried on the Consolidated Report of
Condition balance sheet at fair value rather than amortized cost and the difference
between these two amounts, net of tax effects (and subject to the exclusions mentioned
above), also must be included in this item.

1 For example, if the fair value of the reporting institution's available-for-sale debt securities exceeds the amortized

cost of its available-for-sale debt securities by $100,000 (and the institution has had no other transactions affecting
the "net unrealized holding gains (losses)" account), the amount to be included in Schedule RC, item 26.b, must be
reduced by the estimated amount of taxes using the institution's applicable tax rate (federal, state and local). (See
the Glossary entry for "Income Taxes" for a discussion of "Applicable Tax Rate.") If the institution's applicable tax
rate (federal, state and local) is 25 percent and the tax basis of its available-for-sale debt securities approximates
their amortized cost, the institution would include "net unrealized holding gains" of $75,000 [$100,000 - (25% x
$100,000)] in Schedule RC, item 26.b. The institution would also have a deferred tax liability of $25,000 that would
enter into the determination of the amount of net deferred tax assets or liabilities to be reported in Schedule RC-F,
item 2, or Schedule RC-G, item 2.

FFIEC 031 and 041

RC-19
(3-24)

RC - BALANCE SHEET

FFIEC 031 and 041

RC - BALANCE SHEET

Item No.

Caption and Instructions

26.b
(cont.)

(2) The unamortized balance of the unrealized holding gain (loss) that existed at the date of
transfer of a debt security transferred into the held-to-maturity category from the
available-for-sale category. Consistent with ASC Topic 320, when a debt security is
transferred from the available-for-sale category into the held-to-maturity category, the
unrealized holding gain (loss) at the date of transfer continues to be reported in the
accumulated other comprehensive income account, but must be amortized over the
remaining life of the security as an adjustment of yield in a manner consistent with the
amortization of any premium or discount.
(3) The unaccreted portion of unrealized losses on available-for-sale and held-to-maturity
debt securities that was not recognized in earnings in accordance with ASC Topic 320,
plus the accumulated amount of subsequent increases or decreases (not attributable to
credit impairment) in the fair value of available-for-sale debt securities, and increases in
the fair value of available-for-sale debt securities after a write-down that resulted from the
intent to sell or a more-likely-than-not requirement to sell.
(4) (a) Amounts in accumulated other comprehensive income related to derivative
instruments that are designated as, and qualify as, cash flow hedges,1 in accordance
with ASC Topic 815, Derivatives and Hedging. See also the Glossary entry for
“Derivative Contracts.”
The balance in accumulated other comprehensive income associated with each
transaction hedged in a cash flow hedge should be the cumulative gain (loss) on the
derivative instrument from inception of the hedge less all of the following:
(i) The derivative’s gains (losses) previously reclassified from accumulated other
comprehensive income into earnings to offset the hedged transaction;
(ii) The cumulative amount amortized to earnings related to components excluded
from assessments of effectiveness that are accounted for through an
amortization approach when this treatment of excluded components has been
elected in accordance with ASC Topic 815; and
(iii) The cumulative change in fair value of an excluded component for which
changes in fair value are recorded currently in earnings when this treatment of
excluded components has been elected in accordance with ASC Topic 815.
Accordingly, the amount reported in this item 26.b by an institution should reflect the
sum of the cumulative gain (loss) less the specified amounts described above for
each derivative designated as, and qualifying as, a cash flow hedge. Amounts in
accumulated other comprehensive income related to the derivative designated as a
hedging instrument included in the assessment of hedge effectiveness should be

Generally, the objective of a cash flow hedge is to link a derivative to an existing recognized asset or liability or a
forecasted transaction with exposure to variability in expected future cash flows, e.g., the future interest payments
(receipts) on a variable-rate liability (asset) or a forecasted purchase (sale). The changes in cash flows of the
derivative are expected to offset changes in cash flows of the hedged item or transaction. To achieve the matching of
cash flows, ASC Topic 815 requires that the changes in the fair value of derivatives designated and qualifying as
cash flow hedges initially be reported in the accumulated other comprehensive income component of equity capital
and subsequently be reclassified into earnings in the same future period or periods that the hedged transaction
affects earnings.

1

FFIEC 031 and 041

RC-20
(3-24)

RC - BALANCE SHEET

FFIEC 031 and 041

Item No.

RC - BALANCE SHEET

Caption and Instructions

26.b
(cont.)

reclassified to earnings in the same period or periods during which the hedged
transaction affects earnings (for example, when a hedged variable-rate interest
receipt on a loan is accrued or when a forecasted sale occurs) and presented in the
same income statement item in Schedule RI as the earnings effect of the hedged
item. In addition, amounts in accumulated other comprehensive income related to
components excluded from assessments of effectiveness that are recognized in
earnings through an amortization approach should be presented in the same income
statement item in Schedule RI as the earnings effect of the hedged item.
(b) For all types of hedges, if certain portions of a hedging instrument’s change in fair
value are excluded from assessments of hedge effectiveness, the cumulative change
in fair value of the excluded components from inception of the hedges less the
cumulative amounts amortized to earnings related to the excluded components that
are accounted for through an amortization approach when this treatment of excluded
components has been elected in accordance with ASC Topic 815.
(5) Foreign currency translation adjustments and gains (losses) on certain foreign currency
transactions accumulated in accordance with ASC Topic 830, Foreign Currency Matters.
See the Glossary entry for "Foreign Currency Transactions and Translation" for further
information.
(6) The accumulated amounts of gains (losses), transition assets or obligations, and prior
service costs or credits associated with single-employer defined benefit pension and
other postretirement plans that have not yet been recognized as components of net
periodic benefit cost in accordance with ASC Topic 715, Compensation-Retirement
Benefits.
(7) The accumulated amount of net gains (losses) resulting from changes in fair value
attributable to instrument-specific credit risk (“own credit risk”) of liabilities for which the
fair value option for financial instruments has been elected.

26.c

Other equity capital components. Report in this item as a negative amount the carrying
value of any treasury stock and any unearned Employee Stock Ownership Plan (ESOP)
shares, which under generally accepted accounting principles are reported in a contra-equity
account on the balance sheet. For further information, see the Glossary entry for “Treasury
Stock” and ASC Subtopic 718-40, Compensation-Stock Compensation – Employee Stock
Ownership Plans.
Report in this item as a negative amount notes receivable that represent a capital contribution
and are reported as a deduction from equity capital in accordance with ASC Subtopic 505-10,
Equity – Overall, and SEC Staff Accounting Bulletin No. 107 (Topic 4.E., Receivables from
Sale of Stock, in the Codification of Staff Accounting Bulletins). Also report in this item as a
negative amount accrued interest receivable on such notes receivable that are reported as a
deduction from equity capital in accordance with ASC Subtopic 505-10. Interest income
accrued on such notes receivable should not be reported as interest income in Schedule RI,
but as additional paid-in-capital in Schedule RC, item 23 or 25, as appropriate. For further
information, see the Glossary entry for “Capital Contributions of Cash and Notes Receivable”
and ASC Subtopic 505-10.

FFIEC 031 and 041

RC-21
(12-22)

RC - BALANCE SHEET

FFIEC 031 and 041

RC - BALANCE SHEET

Item No.

Caption and Instructions

27.a

Total bank equity capital. Report the sum of Schedule RC, items 23 through 26.c. This
item must equal Report of Income Schedule RI-A, item 12, “Total bank equity capital end of
current period.”

27.b

Noncontrolling (minority) interests in consolidated subsidiaries. Report the portion of
the equity capital accounts of all consolidated subsidiaries of the reporting bank held by
parties other than the parent bank. A noncontrolling interest, sometimes called a minority
interest, is the portion of equity in a bank’s subsidiary not attributable, directly or indirectly, to
the parent bank.

28

Total equity capital. Report the sum of Schedule RC, items 27.a and 27.b.

29

Total liabilities and equity capital. Report the sum of Schedule RC, items 21 and 28. This
item must equal Schedule RC, item 12, “Total assets.”

FFIEC 031 and 041

RC-22
(12-22)

RC - BALANCE SHEET

FFIEC 031 and 041

RC - BALANCE SHEET

Memoranda
Item No.
1

Caption and Instructions
Indicate in the box at the right the number of the statement below that best describes
the most comprehensive level of auditing work performed for the bank by independent
external auditors as of any date during the preceding calendar year. (To be reported
only with the March Consolidated Report of Condition.) Report the number of the statement
listed on the report form that, in the reporting institution's judgment, best describes the most
comprehensive level of auditing work performed by any independent external auditors during
the preceding calendar year.
The term "any date during the preceding calendar year" refers to the date of the balance
sheet and income statement reported on by the auditor (or the date as of which certain
agreed-upon procedures were applied to selected records and transactions by the auditor)
regardless of the actual date of the commencement of the auditing work (integrated audit,1
financial statement audit, directors' examination, review, compilation, or specific procedures)
and regardless of the date of the report submitted by the auditor.
Exclude from "auditing work performed" any tax or consulting work regardless of whether it
was performed by an independent certified public accounting firm or others.
The list of possible external auditing work is structured with the "most comprehensive level,"
an integrated audit of the institution’s financial statements and its internal control over financial
reporting, identified as number 1a, and the other levels of auditing work listed in descending
order (excluding number 3) so that "no external audit work" is number 9.
Institutions may be assisted in determining the level of auditing work performed by reviewing
the type of report issued by the auditor.
If an institution or its parent holding company has external auditing work performed by a
certified public accounting firm, the work may be (i) an integrated audit of the institution’s or the
holding company’s financial statements and its internal control over financial reporting or (ii) an
audit of the financial statements only. When an integrated audit is performed, the auditor may
choose to issue a combined report (i.e., one report containing both an opinion on the financial
statements and an opinion on internal control over financial reporting) or separate reports on
the financial statements and on internal control over financial reporting.
(a) If the institution or parent holding company has external auditing work performed by a
certified public accounting firm and the report issued by the auditor:
Begins

"We have audited . . ."

and also states in the first paragraph
or in a separate paragraph

“We also have audited . . . internal control
over financial reporting . . .” or
“We also have examined . . . internal control
over financial reporting . . .”

1 An integrated audit occurs when an independent external auditor is engaged to perform an audit of the effectiveness

of internal control over financial reporting that is integrated with an audit of the financial statements and renders
opinions on the financial statements and on internal control over financial reporting.

FFIEC 031 and 041

RC-23
(12-20)

RC - BALANCE SHEET

FFIEC 031 and 041

RC - BALANCE SHEET

Memoranda
Item No.

Caption and Instructions

1
(cont.)

and includes a paragraph that begins

"In our opinion, the [consolidated] financial
statements referred to above . . ." and also
refers to internal control over financial reporting

the institution would respond to this item with a "1a" if the first sentence of the first
paragraph of the report describes the financial statements of the institution or with a "2a" if
the first sentence of the first paragraph of the report describes the financial statements of
the institution’s parent holding company.
.
(b) If the institution or parent holding company has external auditing work performed by a
certified public accounting firm and the report issued by the auditor:
Begins

"We have audited . . ."
but the first paragraph or a separate paragraph
makes no reference to internal control over
financial reporting,

and the report includes a paragraph
that begins

"In our opinion, the [consolidated] financial
statements referred to above . . ."
but makes no reference to internal control over
financial reporting or
“In our opinion, the balance sheet referred to
above . . ."

the institution would respond to this item with a "1b" if the first sentence of the first
paragraph of the report describes the financial statements or the balance sheet of the
institution or with a "2b" if the first sentence of the first paragraph of the report describes the
financial statements or the balance sheet of the institution’s parent holding company.
(c) If the report submitted by the auditor:
Begins

"We have applied certain procedures to selected
records and transactions . . .,"

The second paragraph includes

"We do not express an opinion, . . ."

and
The next to last paragraph states

"Had we performed additional procedures . . .
other matters may have come to our attention . . ."

the institution would respond with:
(i) a "4" if this auditing work was performed by a certified public accounting firm for the
Board of Directors as a directors' examination;
(ii) a "5" if this auditing work was performed by any other firm (e.g., a consulting firm,
another banking organization) for the Board of Directors as a directors' examination;
or

FFIEC 031 and 041

RC-24
(12-20)

RC - BALANCE SHEET

FFIEC 031 and 041

RC - BALANCE SHEET

Memoranda
Item No.

Caption and Instructions

1
(cont.)

(iii) an "8" if management otherwise engaged the auditor to perform specified auditing work
(excluding tax or consulting work), but this auditing work did not constitute a directors'
examination.
(d) If the report submitted by the auditor:
Begins

"We have reviewed . . . ,"

The second paragraph states

"A review consists principally of inquiries . . . ,"

and
The final paragraph begins

"Based on our review . . ."

the institution would respond to this item with a "6."
(e) If the report submitted by the auditor:
Begins

"We have compiled . . ."
and

The second paragraph begins

"A compilation is limited to presenting . . ."

the institution would respond to this item with a "7."
An "independent external auditor" is an auditor who at no time during the year:
(1) was an employee of the institution;
(2) performed the institution's bookkeeping or maintained the institution's accounting records;
(3) was dependent on the institution for his livelihood nor was the institution such a significant
client that the loss of that client would jeopardize his livelihood; nor
(4) held the institution's securities or was indebted to the institution beyond those types of
loans permitted under applicable professional standards.
2

Bank’s fiscal year-end date. (To be reported only with the March Consolidated Report of
Condition.) Report the bank’s fiscal year-end date (month and day) for financial reporting
purposes. For example, a bank whose fiscal year ends on June 30 would report 0630 in this
Memorandum item.

FFIEC 031 and 041

RC-25
(12-20)

RC - BALANCE SHEET

FFIEC 031 and 041

RC-A - CASH AND DUE FROM

SCHEDULE RC-A – CASH AND BALANCES DUE FROM DEPOSITORY
INSTITUTIONS
General Instructions
Schedule RC-A is to be completed by banks with foreign offices or with $300 million or more in total
assets.
On the FFIEC 031, this schedule has two columns for banks with foreign offices to report detail on "Cash
and balances due from depository institutions." In column A report amounts for the fully consolidated
bank, and in column B report amounts for domestic offices only. See the Glossary entry for "domestic
office" for the definition of this term. Refer to the General Instructions section of this book for a detailed
discussion of consolidation.
On the FFIEC 041, this schedule has a single column for banks with $300 million or more in total assets
to report detail on "Cash and balances due from depository institutions."
For banks that elect to report balances due from depository institutions at fair value under a fair value
option, report the fair value of those balances in the same items and columns as similar balances to
which a fair value option has not been applied.
For purposes of these reports, deposit accounts "due from" other depository institutions that are
overdrawn are to be reported as other borrowings with a remaining maturity of one year or less in
Schedule RC-M, item 5.b.(1), except overdrawn "due from" accounts arising in connection with checks or
drafts drawn by the reporting bank and drawn on, or payable at or through, another depository institution
either on a zero-balance account or on an account that is not routinely maintained with sufficient balances
to cover checks or drafts drawn in the normal course of business during the period until the amount of the
checks or drafts is remitted to the other depository institution (in which case, report the funds received or
held in connection with such checks or drafts as deposits in Schedule RC-E until the funds are remitted).
For further information, refer to the Glossary entry for "overdraft."
Treatment of reciprocal balances with depository institutions -- Reciprocal balances arise when two
depository institutions maintain deposit accounts with each other, i.e., when a reporting bank has both a
"due from" and a "due to" balance with another depository institution. Reciprocal balances between the
reporting bank and other depository institutions may be reported on a net basis in accordance with
generally accepted accounting principles. Net "due from" balances should be reported in this schedule.
Net "due to" balances should be reported as deposit liabilities in Schedule RC-E. See the Glossary entry
for "reciprocal balances."
Exclude from this schedule:
(1) All intrabank transactions, i.e., all transactions between any offices of the consolidated bank.
(2) Claims on banks or other depository institutions that the reporting bank holds for trading purposes
(report in Schedule RC, item 5, "Trading assets").
(3) Deposit accounts "due to" other depository institutions that are overdrawn (report in Schedule RC-C,
part I, item 2, "Loans to depository institutions and acceptances of other banks").
(4) Loans to depository institutions (report in Schedule RC-C, part I, item 2).
(5) Investments in money market mutual funds, which, for purposes of these reports, are to be reported
as investments in equity securities.

FFIEC 031 and 041

RC-A-1
(6-20)

RC-A - CASH AND DUE FROM

FFIEC 031 and 041

RC-A - CASH AND DUE FROM

Item Instructions
Item No.
1

Caption and Instructions
Cash items in process of collection, unposted debits, and currency and coin. On the
FFIEC 031, report this item as a single total for the fully consolidated bank in column A, but
with a breakdown between cash items in process of collection and unposted debits
(Schedule RC-A, item 1.a) and currency and coin (Schedule RC-A, item 1.b) for domestic
offices of the bank in column B. On the FFIEC 041, report cash items in process of
collection and unposted debits in Schedule RC-A, item 1.a, and currency and coin in
Schedule RC-A, item 1.b.
Cash items in process of collection include:
(1) Checks or drafts in process of collection that are drawn on another depository institution
(or on a Federal Reserve Bank) and that are payable immediately upon presentation in
the United States (or, for purposes of the FFIEC 031, in the country where the reporting
bank's office which is clearing or collecting the check or draft is located). This includes:
(a) Checks or drafts drawn on other institutions that have already been forwarded for
collection but for which the reporting bank has not yet been given credit ("cash
letters").
(b) Checks or drafts on hand that will be presented for payment or forwarded for
collection on the following business day.
(c) Checks or drafts that have been deposited with the reporting bank's correspondent
and for which the reporting bank has already been given credit, but for which the
amount credited is not subject to immediate withdrawal ("ledger credit" items).
However, if the reporting bank has been given immediate credit by its correspondent for
checks or drafts presented for payment or forwarded for collection and if the funds on
deposit are subject to immediate withdrawal, report the amount of such checks or drafts
in Schedule RC-A, item 2, "Balances due from depository institutions in the U.S.," or
item 3, "Balances due from banks in foreign countries and foreign central banks."
(2) Government checks drawn on the Treasurer of the United States or any other
government agency that are payable immediately upon presentation and that are in
process of collection.
(3) Such other items in process of collection that are payable immediately upon presentation
and that are customarily cleared or collected as cash items by depository institutions in
the United States or in such other country where the reporting bank's office which is
clearing or collecting the item is located, such as:
(a) Redeemed United States savings bonds and food stamps.
(b) Amounts associated with automated payment arrangements in connection with
payroll deposits, federal recurring payments, and other items that are credited to a
depositor's account prior to the payment date to ensure that the funds are available
on the payment date.

FFIEC 031 and 041

RC-A-2
(6-20)

RC-A - CASH AND DUE FROM

FFIEC 031 and 041

Item No.

RC-A - CASH AND DUE FROM

Caption and Instructions

1
(cont.)

(c) Federal Reserve deferred account balances until credit has been received in
accordance with the appropriate time schedules established by the Federal Reserve
Banks. At that time, such balances should be reported in Schedule RC-A, item 4,
"Balances due from Federal Reserve Banks."
(d) Checks or drafts drawn on another depository institution that have been deposited in
one office of the reporting bank and forwarded for collection to another office of the
reporting bank.
(e) Brokers' security drafts and commodity or bill-of-lading drafts payable immediately
upon presentation in the U.S. (See the Glossary entries for "broker's security draft"
and "commodity or bill-of-lading draft" for the definitions of these terms.)
Exclude from cash items in process of collection:
(1) Cash items for which the reporting bank has already received credit, provided that the
funds on deposit are subject to immediate withdrawal (report in Schedule RC-A, item 2,
3, or 4, below, as appropriate).
(2) Credit or debit card sales slips in process of collection (report as noncash items in
Schedule RC-F, item 6, "All other assets”). However, when the reporting bank has been
notified that it has been given credit, the amount of such sales slips should be reported in
Schedule RC-A, item 2, "Balances due from depository institutions in the U.S.," or item 3,
"Balances due from banks in foreign countries and foreign central banks," as appropriate.
(3) Cash items not conforming to the definition of in process of collection, whether or not
cleared through Federal Reserve Banks (report in Schedule RC-F, item 6, "All other
assets”).
(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. (If deposit credit has been given, report as loans in the
appropriate item of Schedule RC-C, part I; if the drafts were received on a collection
basis, they should be excluded entirely from the bank's balance sheet, Schedule RC,
until the funds have actually been collected.)
Unposted debits are cash items in the bank's possession, drawn on itself, that are
immediately chargeable, but that have not been charged to the general ledger deposit
control account at the close of business on the report date.
Currency and coin include both U.S. and foreign currency and coin owned and held in all
offices of the reporting bank, currency and coin in transit to a Federal Reserve Bank or to
any other depository institution for which the reporting bank has not yet received credit,
and currency and coin in transit from a Federal Reserve Bank or from any other depository
institution for which the reporting bank's account has already been charged. Foreign
currency and coin should be converted into U.S. dollar equivalents as of the report date.

FFIEC 031 and 041

RC-A-3
(6-18)

RC-A - CASH AND DUE FROM

FFIEC 031 and 041

RC-A - CASH AND DUE FROM

Item No.

Caption and Instructions

1.a

Cash items in process of collection and unposted debits. Report (on the FFIEC 031,
in column B) the total amount outstanding (at domestic offices) of cash items in process of
collection and unposted debits that are immediately payable upon presentation in the
United States.

1.b

Currency and coin. Report (on the FFIEC 031, in column B) all currency and coin owned
and held (in domestic offices) by the reporting bank.

2

Balances due from depository institutions in the U.S. Report (on the FFIEC 031, in
columns A and B, as appropriate) the total balances due from depository institutions in
the U.S.
Depository institutions in the U.S. cover:
(1) U.S. branches and agencies of foreign banks (refer to the Glossary entry for "banks, U.S.
and foreign" for the definition of this term); and
(2) All other depository institutions in the U.S., i.e.,
(a) U.S. branches of U.S. banks (refer to the Glossary entry for "banks, U.S.
and foreign");
(b) savings or building and loan associations, homestead associations, and
cooperative banks;
(c) mutual and stock savings banks; and
(d) credit unions.
For purposes of this schedule, also include Federal Home Loan Banks in "all other
depository institutions in the U.S."
Balances due from such institutions cover all interest-bearing and noninterest-bearing
balances whether in the form of demand, savings, or time balances, including certificates of
deposit (CDs), even if the CDs are negotiable or have CUSIP numbers, but excluding
certificates of deposit held for trading. Balances, as reported in these items, should reflect
funds on deposit at other depository institutions in the U.S. for which the reporting bank has
already received credit and which are subject to immediate withdrawal. Balances for which
the bank has not yet received credit and balances representing checks or drafts for which
immediate credit has been given but which are not subject to immediate withdrawal are to be
reported as "cash items in process of collection."
Included in the amounts to be reported as balances due from depository institutions in the
U.S. are:
(1) Balances due from the reporting bank's correspondents, including amounts that its
correspondent is to pass through or already has passed through to a Federal Reserve
Bank on behalf of the reporting bank (see the Glossary entry for "pass-through reserve
balances" for further discussion).
(2) Balances that reflect deposit credit received by the reporting bank because of credit or
debit card sales slips that had been forwarded for collection. (Until credit has been
received, report as noncash items in process of collection in Schedule RC-F, item 6, "All
other assets.”)

FFIEC 031 and 041

RC-A-4
(6-18)

RC-A - CASH AND DUE FROM

FFIEC 031 and 041

RC-A - CASH AND DUE FROM

Item No.

Caption and Instructions

2
(cont.)

Exclude from balances due from depository institutions in the U.S.:
(1) Cash items in process of collection (including cash letters and "ledger credit" items) and
unposted debits (report in Schedule RC-A, item 1, above).
(2) All balances that the reporting bank's trust department maintains with other depository
institutions.
(3) Loans to depository institutions (report in Schedule RC-C, part I, item 2).
(4) Certificates of deposit held for trading (report in Schedule RC, item 5).

3

Balances due from banks in foreign countries and foreign central banks. Report (on
the FFIEC 031, in columns A and B, as appropriate) the total balances due from banks in
foreign countries and foreign central banks.
Banks in foreign countries cover:
(1) foreign-domiciled branches of other U.S. banks; and
(2) foreign-domiciled branches of foreign banks.
See the Glossary entry for "banks, U.S. and foreign" for a description of banks in foreign
countries.
For purposes of this item, foreign central banks cover:
(1) Central banks in foreign countries;
(2) Departments of foreign central governments that have, as an important part of their
functions, activities similar to those of a central bank;
(3) Nationalized banks and banking institutions owned by central governments that have, as
an important part of their functions, activities similar to those of a central bank; and
(4) The Bank for International Settlements (BIS).
Balances due from banks in foreign countries and foreign central banks cover all
interest-bearing and noninterest-bearing balances excluding any balances that the reporting
bank holds for trading. Balances, as reported in this item, should reflect funds on deposit at
other banks in foreign countries and at foreign central banks for which the reporting bank has
already received credit. Balances with foreign central banks should include all balances with
such entities, including reserve, operating, and investment balances. On the FFIEC 031,
balances reported in column A should include "placements and redeposits" between foreign
offices of the reporting bank and foreign offices of other banks.

FFIEC 031 and 041

RC-A-5
(6-18)

RC-A - CASH AND DUE FROM

FFIEC 031 and 041

RC-A - CASH AND DUE FROM

Item No.

Caption and Instructions

3
(cont.)

Exclude from balances due from banks in foreign countries and foreign central banks:
(1) Balances due from U.S. branches and agencies of foreign banks (report in
Schedule RC-A, item 2 above).
(2) Loans to foreign central banks (report in Schedule RC-C, part I, item 7, on the
FFIEC 031; Schedule RC-C, part I, item 9.b, on the FFIEC 041).
(3) Loans to banks in foreign countries (report in Schedule RC-C, part I, item 2.c).
(4) Cash items in process of collection and unposted debits (report in Schedule RC-A, item 1
above).
(5) Any balances held for trading (report in Schedule RC, item 5).

4

Balances due from Federal Reserve Banks. Report (on the FFIEC 031, in columns A
and B, as appropriate) the total balances due from Federal Reserve Banks as shown by the
reporting bank's books. This amount includes balances maintained to satisfy reserve balance
requirements, excess balances, and term deposits. Include the amount of balances
maintained to satisfy reserve balance requirements actually passed through to a Federal
Reserve Bank by the reporting bank on behalf of its respondent depository institutions. If the
reporting bank is an agent for an excess balance account at a Federal Reserve Bank, the
balances in the excess balance account should not be reflected as an asset or a liability on
the reporting bank’s balance sheet and should not be reported in this item. (See the
Glossary entries for “excess balance account” and “pass-through reserve balances.”)
On the FFIEC 031, include in column A balances of the bank's Edge and Agreement
subsidiaries with a Federal Reserve Bank.

5

Total. On the FFIEC 041, report the sum of items 1 through 4. On the FFIEC 031, report the
sum of items 1 through 4 in column A for the fully consolidated bank and in column B for its
domestic offices. On the FFIEC 041, this item must equal Schedule RC, sum of items 1.a
and 1.b. On the FFIEC 031, the total of column A must equal Schedule RC, sum of items 1.a
and 1.b.

FFIEC 031 and 041

RC-A-6
(6-18)

RC-A - CASH AND DUE FROM

FFIEC 031 and 041

RC-B - SECURITIES

SCHEDULE RC-B – SECURITIES
General Instructions
Items 1 through 6.b and 8 and Memorandum items 5 and 6 of this schedule have four columns for
information on securities: two columns for held-to-maturity securities and two columns for available-forsale debt securities.1 Report the amortized cost and fair value of held-to-maturity securities in columns A
and B, respectively. Report the amortized cost and fair value of available-for-sale debt securities in
columns C and D, respectively.
Investments in equity securities, including investment in mutual funds, with readily determinable fair
values not held for trading are no longer reported in Schedule RC-B. Institutions should report the fair
value of their holdings of equity securities with readily determinable fair values not held for trading in
Schedule RC, item 2.c. Insured state banks that have received FDIC approval in accordance with
Section 362.3(a) of the FDIC’s regulations to hold certain equity investments (“grandfathered equity
securities”) should report in Schedule RC-M, item 4, the cost basis of all equity securities with readily
determinable fair values not held for trading that are reported in Schedule RC, item 2.c, not just the cost
basis of those equity securities that are treated as “grandfathered.”
Institutions should report the amortized cost of held-to-maturity securities and available-for-sale debt
securities in columns A and C, respectively, without any deduction for allowances for credit losses on
such securities.
Exclude from this schedule all securities held for trading and debt securities the bank has elected to
report at fair value under a fair value option even if bank management did not acquire the securities
principally for the purpose of selling them in the near term. Securities held for trading and debt securities
reported under a fair value option are to be reported in Schedule RC, item 5, "Trading assets," and, for
certain banks, in Schedule RC-D – Trading Assets and Liabilities. Trading assets and debt securities
reported under a fair value option are also reported in Schedule RC-Q – Financial Assets and Liabilities
Measured at Fair Value on a Recurring Basis.
In general, amortized cost is the purchase price of a debt security adjusted for amortization of premium or
accretion of discount if the debt security was purchased at other than par or face value. (See the
Glossary entry for "Premiums and Discounts.") As defined in ASC Topic 820, Fair Value Measurement,
fair value is “the price that would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement date.” For further information, see the
Glossary entry for “Fair Value.”
The preferred method for reporting purchases and sales of securities is as of trade date. However,
settlement date accounting is acceptable if the reported amounts would not be materially different.
(See the Glossary entry for "Trade Date and Settlement Date Accounting.")
For purposes of this schedule, the following events and transactions involving securities should be
reported in the manner indicated below:
(1) Purchases of securities under agreements to resell and sales of securities under agreements to
repurchase – These transactions are not to be treated as purchases or sales of securities but as
lending or borrowing (i.e., financing) transactions collateralized by these securities if the agreements

1 Available-for-sale debt securities are generally reported in Schedule RC-B, columns C and D.

However, a bank
may have certain assets that fall within the definition of "debt securities" in ASC Topic 320, Investments-Debt
Securities, (e.g., certain industrial development obligations) that the bank has designated as "available-for-sale"
which are reported for purposes of the Consolidated Report of Condition in a balance sheet category other than
"Securities" (e.g., "Loans and lease financing receivables").

FFIEC 031 and 041

RC-B-1
(3-24)

RC-B - SECURITIES

FFIEC 031 and 041

RC-B - SECURITIES

General Instructions (cont.)
meet the criteria for a borrowing set forth in ASC Topic 860, Transfers and Servicing. For further
information, see the Glossary entries for "Transfers of Financial Assets" and "Repurchase/Resale
Agreements."
(2) Purchases and sales of participations in pools of securities – Similarly, these transactions are not to
be treated as purchases or sales of the securities in the pool but as lending or borrowing
(i.e., financing) transactions collateralized by the pooled securities if the participation agreements
meet the criteria for a borrowing set forth in ASC Topic 860. For further information, see the Glossary
entries for "Transfers of Financial Assets" and "Repurchase/Resale Agreements."
(3) Pledged securities – Pledged held-to-maturity and available-for-sale debt securities that have not
been transferred to the secured party should continue to be included in the pledging bank's holdings
of securities that are reported in Schedule RC-B. If the bank has transferred pledged securities to the
secured party, the bank should account for the pledged securities in accordance with ASC Topic 860.
(4) Securities borrowed and lent – Securities borrowed and lent shall be reported on the balance sheet of
either the borrowing or lending bank in accordance with ASC Topic 860. For further information, see
the Glossary entries for "Transfers of Financial Assets" and "Securities Borrowing/Lending
Transactions."
(5) Short sales of securities – Such transactions are to be reported as described in the Glossary entry for
"Short Position."
(6) Futures, forward, and option contracts – Such open contracts to buy or sell securities in the future are
to be reported as derivatives in Schedule RC-L, item 12.
Item Instructions
Item No.
1

Caption and Instructions
U.S. Treasury securities. Report in the appropriate columns the amortized cost and fair
value of all U.S. Treasury securities not held for trading. Include all bills, certificates of
indebtedness, notes, and bonds, including those issued under the Separate Trading of
Registered Interest and Principal of Securities (STRIPS) program and those that are
"inflation-indexed."
Exclude all obligations of U.S. Government agencies. Also exclude detached Treasury
security coupons and ex-coupon Treasury securities held as the result of either their
purchase or the bank's stripping of such securities and Treasury receipts such as CATS,
TIGRs, COUGARs, LIONs, and ETRs (report in Schedule RC-B, item 6.a below). Refer to
the Glossary entry for "coupon stripping, Treasury receipts, and STRIPS" for additional
information.

.

FFIEC 031 and 041

RC-B-2
(3-24)

RC-B - SECURITIES

FFIEC 031 and 041

Item No.
2

RC-B - SECURITIES

Caption and Instructions
U.S. Government agency and sponsored agency obligations. Report in the appropriate
columns the amortized cost and fair value of all obligations of U.S. Government agencies and
U.S. Government-sponsored agencies (excluding mortgage-backed securities) not held for
trading.
Distinction between U.S. Government Agencies and U.S. Government-sponsored Agencies ‒
For purposes of these reports, a U.S. Government agency is defined as an instrumentality of
the U.S. Government whose debt obligations are fully and explicitly guaranteed as to the
timely payment of principal and interest by the full faith and credit of the U.S. Government.
In contrast, a U.S. Government-sponsored agency is defined as an agency originally
established or chartered by the U.S. Government to serve public purposes specified by the
U.S. Congress but whose debt obligations are not explicitly guaranteed by the full faith and
credit of the U.S. Government.
Include, among others, debt securities (but not mortgage-backed securities) of the following
U.S. Government agencies:
(1) Export-Import Bank (Ex-Im Bank)
(2) Federal Housing Administration (FHA)
(3) Government National Mortgage Association (GNMA)
(4) Maritime Administration
(5) Small Business Administration (SBA)
Include such obligations as:
(1) Small Business Administration (SBA) "Guaranteed Loan Pool Certificates," which
represent an undivided interest in a pool of SBA-guaranteed portions of loans for which
the SBA has further guaranteed the timely payment of scheduled principal and interest
payments. (Exclude SBA “Guaranteed Interest Certificates,” which represent a beneficial
interest in the entire SBA-guaranteed portion of an individual loan. SBA “Guaranteed
Interest Certificates” should be reported as loans in Schedule RC-C, Part I, or, if held for
trading, in Schedule RC, item 5.)
(2) Participation certificates issued by the Export-Import Bank and the General Services
Administration.
Include, among others, debt securities and mortgage-backed bonds (i.e., bonds that are
collateralized by mortgages) of the following U.S. Government-sponsored agencies:
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)

FFIEC 031 and 041

Federal Agricultural Mortgage Corporation (Farmer Mac)
Federal Farm Credit Banks
Federal Home Loan Banks (FHLBs)
Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac)
Federal Land Banks (FLBs)
Federal National Mortgage Association (FNMA or Fannie Mae)
Resolution Funding Corporation (REFCORP)
Student Loan Marketing Association (SLMA or Sallie Mae)
Tennessee Valley Authority (TVA)
U.S. Postal Service

RC-B-3
(9-19)

RC-B - SECURITIES

FFIEC 031 and 041

RC-B - SECURITIES

Item No.

Caption and Instructions

2
(cont.)

Exclude from U.S. Government agency and sponsored agency obligations:
(1) Loans to the Export-Import Bank and to federally-sponsored lending agencies (report in
"Other loans," Schedule RC-C, part I, item 9). Refer to the Glossary entry for "federallysponsored lending agency" for the definition of this term.
(2) All holdings of U.S. Government-issued or -guaranteed mortgage pass-through securities
(report in Schedule RC-B, item 4.a.(1), 4.a.(2), or 4.c.(1)(a), below, as appropriate).
(3) Collateralized mortgage obligations (CMOs), real estate mortgage investments conduits
(REMICs), CMO and REMIC residuals, and stripped mortgage-backed securities (such
as interest-only strips (IOs), principal-only strips (POs), and similar instruments) issued
by U.S. Government agencies and corporations (report in Schedule RC-B, item 4.b.(1) or
4.c.(2)(a), below, as appropriate).
(4) Participations in pools of Federal Housing Administration (FHA) Title I loans, which
generally consist of junior lien home improvement loans (report as loans in
Schedule RC-C, generally in item 1.c.(2)(b), Loans "secured by junior liens" on
1-to-4 family residential properties).
(5) Debt securities issued by SLM Corporation, the private-sector corporation that is the
successor to the Student Loan Marketing Association (report in Schedule RC-B, item 6.a,
“Other domestic debt securities,” below), and securitized student loans issued by
SLM Corporation (or its affiliates) (report in Schedule RC-B, item 5,a, “Asset-backed
securities,” below).

3

Securities issued by states and political subdivisions in the U.S. Report in the
appropriate columns the amortized cost and fair value of all securities issued by states and
political subdivisions in the United States not held for trading.
States and political subdivisions in the U.S., for purposes of this report, include:
(1) the fifty States of the United States and the District of Columbia and their counties,
municipalities, school districts, irrigation districts, and drainage and sewer districts; and
(2) the governments of Puerto Rico and of the U.S. territories and possessions and their
political subdivisions.
Securities issued by states and political subdivisions in the U.S. include:
(1) General obligations, which are securities whose principal and interest will be paid from
the general tax receipts of the state or political subdivision.
(2) Revenue obligations, which are securities whose debt service is paid solely from the
revenues of the projects financed by the securities rather than from general tax funds.
(3) Industrial development and similar obligations, which are discussed below.
Treatment of industrial development bonds (IDBs) and similar obligations. Industrial
development bonds (IDBs), sometimes referred to as "industrial revenue bonds," and similar
obligations are issued under the auspices of states or political subdivisions for the benefit of a
private party or enterprise where that party or enterprise, rather than the government entity,
is obligated to pay the principal and interest on the obligation. For purposes of these reports,

FFIEC 031 and 041

RC-B-4
(9-19)

RC-B - SECURITIES

FFIEC 031 and 041

RC-B - SECURITIES

Item No.

Caption and Instructions

3
(cont.)

all IDBs and similar obligations should be reported as securities in this item (Schedule RC-B,
item 3) or as loans in Schedule RC-C, part I, item 8, consistent with the asset category in
which the bank reports IDBs and similar obligations on its balance sheet for other financial
reporting purposes. Regardless of whether they are reported as securities in Schedule RC-B
or as loans in Schedule RC-C, part I, all IDBs and similar obligations that meet the definition
of a "security" in ASC Topic 320, Investments-Debt Securities (formerly FASB Statement
No. 115, “Accounting for Certain Investments in Debt and Equity Securities”) must be
measured in accordance with ASC Topic 320.
Treatment of other obligations of states and political subdivisions in the U.S. In addition to
those IDBs and similar obligations that are reported as securities in accordance with the
preceding paragraph, also include in this item as securities issued by states and political
subdivisions in the U.S. all obligations other than IDBs that meet any of the following criteria:
(1) Nonrated obligations of states and political subdivisions in the U.S., other than those
specifically excluded below, that the bank considers securities for other financial reporting
purposes.
(2) Notes, bonds, and debentures (including tax warrants and tax-anticipation notes) that are
rated by a nationally-recognized rating service.
(3) Obligations of state and local governments that are guaranteed by the United States
Government (excluding mortgage-backed securities).
Exclude from item 3:
(1) All overdrafts of states and political subdivisions in the U.S. (report as loans in
Schedule RC-C, part I, item 8).
(2) All lease financing receivables of states and political subdivisions in the U.S. (report as
leases in Schedule RC-C, part I, item 10).
(3) All IDBs that are reported as loans in accordance with the reporting treatment described
above (report as loans in Schedule RC-C, part I, item 8).
(4) All other nonrated obligations of states and political subdivisions in the U.S. that the bank
considers loans for other financial reporting purposes (report as loans in Schedule RC-C,
part I, item 8).
(5) All mortgage-backed securities issued by state and local housing authorities in the U.S.
(report in Schedule RC-B, item 4, below).
(6) Collateralized mortgage obligations (CMOs), real estate mortgage investments conduits
(REMICs), CMO and REMIC residuals, and stripped mortgage-backed securities (such
as interest-only strips (IOs), principal-only strips (POs), and similar instruments) issued
by state and local housing authorities in the U.S. (report in Schedule RC-B, item 4.b,
below).
(7) All obligations of states and political subdivisions in the U.S. held by the reporting bank for
trading (report in Schedule RC, item 5).

FFIEC 031 and 041

RC-B-5
(6-18)

RC-B - SECURITIES

FFIEC 031 and 041

Item No.
4

RC-B - SECURITIES

Caption and Instructions
Mortgage-backed securities. Report in the appropriate columns of the appropriate
subitems the amortized cost and fair value of all residential and commercial mortgage-backed
securities, including mortgage pass-through securities, collateralized mortgage obligations
(CMOs), real estate mortgage investment conduits (REMICs), CMO and REMIC residuals,
stripped mortgage-backed securities (such as interest-only strips (IOs), principal-only strips
(POs), and similar instruments), and mortgage-backed commercial paper not held for trading.
Include mortgage-backed securities issued by non-U.S. issuers.
Exclude from mortgage-backed securities:
(1) Securities backed by loans extended under home equity lines, i.e., revolving open-end
lines of credit secured by 1-4 family residential properties (report as asset-backed
securities in Schedule RC-B, item 5.a, and, if applicable, in Schedule RC-B,
Memorandum item 5.b, “Home equity lines”).
(2) Bonds issued by the Federal National Mortgage Association (FNMA) and the Federal
Home Loan Mortgage Corporation (FHLMC) that are collateralized by mortgages, i.e.,
mortgage-backed bonds (report in Schedule RC-B, item 2, "U.S. Government- agency and
sponsored agency obligations"), and mortgage-backed bonds issued by non-U.S.
Government issuers (report in Schedule RC-B, item 6, "Other debt securities," below).
(3) Participation certificates issued by the Export-Import Bank and the General Services
Administration (report in Schedule RC-B, item 2, "U.S. Government agency and
sponsored agency obligations").
(4) Participation certificates issued by a Federal Intermediate Credit Bank (report in
Schedule RC-F, item 4, "Equity investments without readily determinable fair values").

4.a

Residential mortgage pass-through securities. Report in the appropriate columns of the
appropriate subitems the amortized cost and fair value of all holdings of residential mortgage
pass-through securities. In general, a residential mortgage pass-through security represents
an undivided interest in a pool of loans secured by 1-4 family residential properties that
provides the holder with a pro rata share of all principal and interest payments on the
residential mortgages in the pool, and includes certificates of participation in pools of
residential mortgages.
Include certificates of participation in pools of 1-4 family residential mortgages even though
the reporting bank was the original holder of the mortgages underlying the pool and holds the
instruments covering that pool, as may be the case with GNMA certificates issued by the
bank and swaps with FNMA and FHLMC. Also include U.S. Government-issued participation
certificates (PCs) that represent a pro rata share of all principal and interest payments on a
pool of resecuritized participation certificates that, in turn, are backed by 1-4 family residential
mortgages, e.g., FHLMC Giant PCs.
Exclude all holdings of commercial mortgage pass-through securities, including pass-through
securities backed by loans secured by multifamily (5 or more) residential properties (report in
Schedule RC-B, item 4.c.(1), below). Also exclude all collateralized mortgage obligations
(CMOs), real estate mortgage investment conduits (REMICs), CMO and REMIC residuals,
stripped mortgage-backed securities (such as interest-only strips (IOs), principal-only strips
(POs), and similar instruments), and mortgage-backed commercial paper (report in
Schedule RC-B, item 4.b or 4.c.(2), below, as appropriate).

FFIEC 031 and 041

RC-B-6
(6-18)

RC-B - SECURITIES

FFIEC 031 and 041

RC-B - SECURITIES

Item No.

Caption and Instructions

4.a.(1)

Guaranteed by GNMA. Report in the appropriate columns the amortized cost and fair value
of all holdings of 1-4 family residential mortgage pass-through securities guaranteed by the
Government National Mortgage Association (GNMA) that are not held for trading. Exclude
1-4 family residential mortgage pass-through securities issued by FNMA and FHLMC (report
in Schedule RC-B, item 4.a.(2), below).

4.a.(2)

Issued by FNMA and FHLMC. Report in the appropriate columns the amortized cost and
fair value of all holdings of 1-4 family residential mortgage pass-through securities issued by
the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage
Corporation (FHLMC) that are not held for trading. Exclude 1-4 family residential mortgage
pass-through securities that are guaranteed by the Government National Mortgage
Association (GNMA) (report in Schedule RC-B, item 4.a.(1), above).

4.a.(3)

Other pass-through securities. Report in the appropriate columns the amortized cost and
fair value of all holdings of 1-4 family residential mortgage pass-through securities issued by
others (e.g., other depository institutions, insurance companies, state and local housing
authorities in the U.S.) that are not guaranteed by the U.S. Government and are not held for
trading.
If the bank has issued pass-through securities backed by a pool of its own 1-4 family
residential mortgages and the certificates are not guaranteed by the U.S. Government, any
holdings of these pass-through securities (not held for trading) are to be reported in this item.

4.b

Other residential mortgage-backed securities. Report in the appropriate columns of the
appropriate subitems the amortized cost and fair value of all 1-4 family residential
mortgage-backed securities other than pass-through securities that are not held for trading.
Other residential mortgage-backed securities include:
(1) All classes of collateralized mortgage obligations (CMOs) and real estate mortgage
investments conduits (REMICs) backed by loans secured by 1-4 family residential
properties.
(2) CMO and REMIC residuals and similar interests backed by loans secured by 1-4 family
residential properties.
(3) Stripped 1-4 family residential mortgage-backed securities (such as interest-only strips
(IOs), principal-only strips (POs), and similar instruments).
(4) Commercial paper backed by loans secured by 1-4 family residential properties.

4.b.(1)

Issued or guaranteed by U.S. Government agencies or sponsored agencies. Report in
the appropriate columns the amortized cost and fair value of all classes of CMOs and
REMICs, CMO and REMIC residuals, and stripped mortgage-backed securities issued or
guaranteed by U.S. Government agencies or U.S. Government-sponsored agencies that are
backed by loans secured by 1-4 family residential properties. For purposes of these reports,
include REMICs issued by the U.S. Department of Veterans Affairs (VA) that are backed by
1-4 family residential mortgages in this item.
U.S. Government agencies include, but are not limited to, such agencies as the Government
National Mortgage Association (GNMA), the Federal Deposit Insurance Corporation (FDIC),
and the National Credit Union Administration (NCUA). U.S. Government-sponsored agencies
include, but are not limited to, such agencies as the Federal Home Loan Mortgage
Corporation (FHLMC) and the Federal National Mortgage Association (FNMA).

FFIEC 031 and 041

RC-B-7
(6-18)

RC-B - SECURITIES

FFIEC 031 and 041

RC-B - SECURITIES

Item No.

Caption and Instructions

4.b.(2)

Collateralized by MBS issued or guaranteed by U.S. Government agencies or
sponsored agencies. Report in the appropriate columns the amortized cost and fair value
of all classes of CMOs, REMICs, CMO and REMIC residuals, and stripped mortgage-backed
securities issued by non-U.S. Government issuers (e.g., other depository institutions,
insurance companies, state and local housing authorities in the U.S.) for which the collateral
consists of GNMA (Ginnie Mae) residential pass-through securities, FNMA (Fannie Mae)
residential pass-through securities, FHLMC (Freddie Mac) residential participation
certificates, or other residential mortgage-backed securities (i.e., classes of CMOs or
REMICs, CMO or REMIC residuals, and stripped mortgage-backed securities) issued or
guaranteed by U.S. Government agencies or U.S. Government-sponsored agencies.

4.b.(3)

All other residential MBS. Report in the appropriate columns the amortized cost and fair
value of all CMOs, REMICs, CMO and REMIC residuals, stripped mortgage-backed
securities, and commercial paper backed by loans secured by 1-4 family residential
properties (or by securities collateralized by such loans) that have been issued by non-U.S.
Government issuers (e.g., other depository institutions, insurance companies, state and local
housing authorities in the U.S.) for which the collateral does not consist of GNMA (Ginnie
Mae) residential pass-through securities, FNMA (Fannie Mae) residential pass-through
securities, FHLMC (Freddie Mac) residential participation certificates, or other residential
mortgage-backed securities (i.e., classes of CMOs or REMICs, CMO or REMIC residuals,
and stripped mortgage-backed securities) issued or guaranteed by U.S. Government
agencies or U.S. Government-sponsored agencies.

4.c

Commercial MBS. Report in the appropriate columns of the appropriate subitems the
amortized cost and fair value of all holdings of commercial mortgage-backed securities
issued by U.S. Government-sponsored agencies or by others that are not held for trading.
In general, a commercial mortgage-backed security represents an interest in a pool of loans
secured by properties other than 1-4 family residential properties.

4.c.(1)

Commercial mortgage pass-through securities. Report in the appropriate columns of the
appropriate subitems the amortized cost and fair value of all holdings of commercial
mortgage pass-through securities. In general, a commercial mortgage pass-through security
represents an undivided interest in a pool of loans secured by properties other than 1-4 family
residential properties that provides the holder with a pro rata share of all principal and interest
payments on the mortgages in the pool.

4.c.(1)(a)

Issued or guaranteed by FNMA, FHLMC, or GNMA. Report in the appropriate columns the
amortized cost and fair value of all holdings of commercial mortgage pass-through securities
issued by the Federal National Mortgage Association (FNMA) or the Federal Home Loan
Mortgage Corporation (FHLMC) or guaranteed by the Government National Mortgage
Association (GNMA). Also include commercial mortgage pass-through securities guaranteed
by the Small Business Administration.
Exclude from this item structured financial products such as securitizations that involve more
than one trust to structure principal and interest cash flows to investors or that are
collateralized by debt instruments (for example, FHLMC K-Deals and Q-Deals and similar
securitizations). Report such structured financial products in item 5.b.

4.c.(1)(b)

Other pass-through securities. Report in the appropriate columns the amortized cost and
fair value of all holdings of commercial mortgage pass-through securities issued or
guaranteed by non-U.S. Government issuers.

4.c.(2)

Other commercial mortgage-backed securities. Report in the appropriate columns of the
appropriate subitems the amortized cost and fair value of all CMOs, REMICs, CMO and
REMIC residuals, stripped mortgage-backed securities, and commercial paper backed by

FFIEC 031 and 041

RC-B-8
(12-24)

RC-B - SECURITIES

FFIEC 031 and 041

RC-B - SECURITIES

Item No.

Caption and Instructions

4.c.(2)
(cont.)

loans secured by properties other than 1-4 family residential properties. Exclude commercial
mortgage pass-through securities (report in Schedule RC-B, item 4.c.(1), above).

4.c.(2)(a)

Issued or guaranteed by U.S. Government agencies or sponsored agencies. Report in
the appropriate columns the amortized cost and fair value of all CMOs, REMICs, CMO and
REMIC residuals, stripped mortgage-backed securities, and commercial paper backed by
loans, or securities secured by properties other than 1-4 family residential properties that
have been issued by U.S. Government agencies or U.S. Government-sponsored agencies.
U.S. Government agencies include, but are not limited to, such agencies as the Government
National Mortgage Association (GNMA), the Federal Deposit Insurance Corporation (FDIC),
and the National Credit Union Administration (NCUA). U.S. Government-sponsored agencies
include, but are not limited to, such agencies as the Federal Home Loan Mortgage
Corporation (FHLMC) and the Federal National Mortgage Association (FNMA).

4.c.(2)(b)

All other commercial MBS. Report in the appropriate columns the amortized cost and fair
value of all CMOs, REMICs, CMO and REMIC residuals, stripped mortgage-backed
securities, and commercial paper backed by loans secured by properties other than 1-4
family residential properties that have been issued or guaranteed by non-U.S. Government
issuers.

5

Asset-backed securities and structured financial products:

5.a

Asset-backed securities. Report in the appropriate columns the amortized cost and
fair value of all asset-backed securities (other than mortgage-backed securities), including
asset-backed commercial paper, not held for trading. Include asset-backed securities issued
by non-U.S. issuers. For banks with $10 billion or more in total assets, this item must equal
Schedule RC-B, sum of Memorandum items 5.a through 5.f.

5.b

Structured financial products. Report in the appropriate columns the amortized cost and
fair value of all structured financial products not held for trading. Include cash, synthetic, and
hybrid instruments, including those issued by non-U.S. issuers. For banks with $10 billion or
more in total assets, this item must equal Schedule RC-B, sum of Memorandum items 6.a
through 6.g.
Structured financial products generally convert a pool of assets (such as whole loans,
securitized assets, bonds, and similar instruments) and other exposures (such as derivatives)
into products that are tradable capital market debt instruments. Some of the more complex
financial product structures mix asset classes in order to create investment products that
diversify risk.
(1) A cash instrument means that the instrument represents a claim against a reference pool
of assets.
(2) A synthetic instrument means that the investors do not have a claim against a reference
pool of assets; rather, the originating bank merely transfers the inherent credit risk of the
reference pool of assets by such means as a credit default swap, a total return swap, or
another arrangement in which the counterparty agrees upon specific contractual
covenants to cover a predetermined amount of losses in the loan pool.
(3) A hybrid instrument means that the instrument is a mix of both cash and synthetic
instruments.
One of the more common cash instrument structured financial products is referred to as a
collateralized debt obligation (CDO). For example, include in this item investments in CDOs
for which the underlying collateral is a pool of trust preferred securities issued by U.S.

FFIEC 031 and 041

RC-B-9
(12-24)

RC-B - SECURITIES

FFIEC 031 and 041

RC-B - SECURITIES

Item No.

Caption and Instructions

5.b
(cont.)

business trusts organized by financial institutions or real estate investment trusts. However,
exclude from this item investments in trust preferred securities issued by a single
U.S. business trust (report in Schedule RC-B, item 6.a, “Other domestic debt securities”).
Examples of other products to be reported in this item include synthetic structured financial
products (such as synthetic CDOs) that use credit derivatives and a reference pool of assets,
hybrid structured products that mix cash and synthetic instruments, collateralized loan
obligations (CLOs), collateralized bond obligations (CBOs), resecuritizations such as CDOs
squared or cubed (which are CDOs backed primarily by the tranches of other CDOs), and
other similar structured financial products. Also include in this item structured financial
products that are securitizations involving more than one trust to structure principal and
interest cash flows to investors or that are collateralized by debt instruments and are
guaranteed by U.S. government agencies such as FHLMC K-Deals and Q-Deals (report, if
applicable, in Schedule RC-B, Memorandum item 6.g, “Other collateral or reference assets,”
and Schedule RC-B, Memorandum item 7, “Guaranteed by U.S. Government agencies or
sponsored agencies included in Schedule RC‐B, item 5.b,” below).
Exclude from structured financial products:
(1) Mortgage-backed pass-through securities (report in Schedule RC-B, item 4, above).
(2) Collateralized mortgage obligations (CMOs), real estate mortgage investment conduits
(REMICs), CMO and REMIC residuals, stripped mortgage-backed securities, and
mortgage-backed commercial paper (report in Schedule RC-B, item 4, above).
(3) Asset-backed commercial paper not held for trading (report in Schedule RC-B, item 5.a,
above).
(4) Asset-backed securities that are primarily secured by one type of asset (report in
Schedule RC-B, item 5.a, above).
(5) Securities backed by loans that are commonly regarded as asset-backed securities
rather than collateralized loan obligations in the marketplace (report in Schedule RC-B,
item 5.a, above).
(6) Pass-thru securities issued or guaranteed by FNMA, FHLMC, or GNMA (report in
Schedule RC-B, item 4.c.(1)(a), above).

6

Other debt securities. Report in the appropriate columns of the appropriate subitems the
amortized cost and fair value of all debt securities not held for trading that cannot properly be
reported in Schedule RC-B, items 1 through 5, above.
Exclude from other debt securities:
(1) All holdings of certificates of participation in pools of residential mortgages, collateralized
mortgage obligations (CMOs), real estate mortgage investment conduits (REMICs),
CMO and REMIC residuals, and stripped mortgage-backed securities (such as
interest-only strips (IOs), principal-only strips (POs), and similar instruments) (report in
Schedule RC-B, item 4, above).
(2) Holdings of bankers acceptances and certificates of deposit (CDs), even if the CDs are
negotiable or have CUSIP numbers. (Report holdings of bankers acceptances as loans
in Schedule RC, item 4.a, if held for sale; item 4.b, if held for investment; and item 5, if
held for trading. Report holdings of CDs in Schedule RC, item 1.b, if not held for trading;
and item 5, if held for trading.)

FFIEC 031 and 041

RC-B-10
(12-24)

RC-B - SECURITIES

FFIEC 031 and 041

RC-B - SECURITIES

Item No.

Caption and Instructions

6
(cont.)

(3) All securities that meet the definition of an “equity security” in ASC Topic 321,
Investments-Equity Securities, for example, common and perpetual preferred stock. (See
also, the instructions to Schedule RC, item 2.c and Schedule RC-F, item 4.)

6.a

Other domestic debt securities. Report in the appropriate columns the amortized cost and
fair value of all other domestic debt securities not held for trading.
Other domestic debt securities include:
(1) Bonds, notes, debentures, equipment trust certificates, and commercial paper (except
asset-backed commercial paper) issued by U.S.-chartered corporations and other
U.S. issuers and not reportable elsewhere in Schedule RC-B.
(2) Preferred stock of U.S.-chartered corporations and business trusts that by its terms either
must be redeemed by the issuing corporation or trust or is redeemable at the option of
the investor (i.e., redeemable or limited-life preferred stock), including trust preferred
securities issued by a single U.S. business trust that are subject to mandatory
redemption.
(3) Detached U.S. Government security coupons and ex-coupon U.S. Government securities
held as the result of either their purchase or the bank's stripping of such securities
and Treasury receipts such as CATS, TIGRs, COUGARs, LIONs, and ETRs. Refer to
the Glossary entry for "coupon stripping, Treasury receipts, and STRIPS" for additional
information.
Exclude from other domestic debt securities investments in collateralized debt obligations for
which the underlying collateral is a pool of trust preferred securities issued by U.S. business
trusts (report as structured financial products in Schedule RC-B, item 5.b).

6.b

Other foreign debt securities. Report in the appropriate columns the amortized cost and
fair value of all other foreign debt securities not held for trading.
Other foreign debt securities include:
(1) Bonds, notes, debentures, equipment trust certificates, and commercial paper (except
asset-backed commercial paper) issued by non-U.S.-chartered corporations.
(2) Debt securities issued by foreign governmental units.
(3) Debt securities issued by international organizations such as the International Bank for
Reconstruction and Development (World Bank), Inter-American Development Bank, and
Asian Development Bank.
(4) Preferred stock of non-U.S.-chartered corporations that by its terms either must be
redeemed by the issuing enterprise or is redeemable at the option of the investor
(i.e., redeemable or limited-life preferred stock).

FFIEC 031 and 041

RC-B-11
(12-24)

RC-B - SECURITIES

FFIEC 031 and 041

Item No.

RC-B - SECURITIES

Caption and Instructions

NOTE: Investments in equity securities, including investment in mutual funds, with readily determinable
fair values not held for trading that were previously reportable in Schedule RC-B, item 7, columns C and
D, should be reported in Schedule RC, item 2.c, “Equity securities with readily determinable fair values
not held for trading.” Insured state banks that have received FDIC approval in accordance with Section
362.3(a) of the FDIC’s regulations to hold certain equity investments (“grandfathered equity securities”)
should report in Schedule RC-M, item 4, the aggregate cost basis of all equity securities with readily
determinable fair values not held for trading that are reported in Schedule RC, item 2.c, not just the cost
basis of those equity securities that are treated as “grandfathered.”
7

Unallocated portfolio layer fair value hedge basis adjustments. Report the total amount
of portfolio layer fair value hedge basis adjustments (FVHBAs) not allocated to individual AFS
debt securities in column C only. As defined in Accounting Standards Update No. 2022-01,
Derivatives and Hedging (Topic 815), “Fair Value Hedging - Portfolio Layer Method” (ASU
2022-01), the portfolio layer method was added to allow entities to apply hedge accounting to
a closed portfolio of financial assets or one or more beneficial interests secured by a portfolio
of financial instruments that is not expected to be affected by prepayments, defaults, or other
factors affecting the timing and amount of cash flows for the designated hedge period. Under
ASU 2022-01, different types of qualifying assets can be grouped together in a portfolio layer
hedge.
Per the standard, an institution should not adjust the recorded investment or the discount rate
of the individual assets or individual beneficial interest included in the closed portfolio for a
basis adjustment that is maintained on a closed portfolio basis. As such, an institution that
applies the portfolio layer method to a closed portfolio of AFS debt securities should not
allocate the portfolio layer FVHBAs to a more granular level. Institutions should report these
unallocated amounts in this item 7, column C.
If the amount to be reported in this item represents a reduction in the amounts reported in
Schedule RC-B, items 1 through 6.b, column C, report the amount with a minus (-) sign.

8

Total. Report the sum of Schedule RC-B, items 1 through 7. The total of column A for this
item must equal Schedule RC, item 2.a, "Held-to-maturity securities," plus Schedule RI-B,
Part II, item 7, column B, “Balance end of current period,” for the allowance for credit losses
on held-to-maturity debt securities. The total of column D for this item must equal
Schedule RC, item 2.b, "Available-for-sale debt securities."

FFIEC 031 and 041

RC-B-12
(3-24)

RC-B - SECURITIES

FFIEC 031 and 041

RC-B - SECURITIES

Memoranda
Item No.
1

Caption and Instructions
Pledged securities. Report the amortized cost of all held-to-maturity debt securities
included in Schedule RC-B, column A, above; the fair value of all available-for-sale debt
securities included in Schedule RC-B, column D, above; and the fair value of all equity
securities with readily determinable fair values not held for trading included in Schedule RC,
item 2.c, that are pledged to secure deposits, repurchase transactions, or other borrowings
(regardless of the balance of the deposits or other liabilities against which the securities are
pledged); as performance bonds under futures or forward contracts; or for any other purpose.
Include as pledged securities:
(1) Held-to-maturity debt securities, available-for-sale debt securities, and equity securities
with readily determinable fair values not held for trading that have been "loaned" in
securities borrowing/lending transactions that do not qualify as sales under ASC
Topic 860, Transfers and Servicing.
(2) Held-to-maturity debt securities, available-for-sale debt securities, and equity securities
with readily determinable fair values not held for trading held by consolidated variable
interest entities (VIEs) that can be used only to settle obligations of the same
consolidated VIEs (the amounts of which are also reported in Schedule RC-V, item 1.b).
(3) Held-to-maturity debt securities, available-for-sale debt securities, and equity securities
with readily determinable fair values not held for trading owned by consolidated insurance
subsidiaries and held in custodial trusts that are pledged to insurance companies external
to the consolidated bank.

.

2

Maturity and repricing data for debt securities. Report in the appropriate subitem maturity
and repricing data for the bank's holdings of debt securities (reported in Schedule RC-B,
items 1 through 6.b above). Report the amortized cost of held-to-maturity debt securities and
the fair value of available-for-sale debt securities in the appropriate maturity and repricing
subitems. Exclude from Memorandum item 2 the bank's holdings of equity securities with
readily determinable fair values not held for trading (reported in Schedule RC, item 2.c)
(e.g., investments in mutual funds, common stock, preferred stock). Also exclude those debt
securities that are reported as "nonaccrual" in Schedule RC-N, item 10, column C.
The sum of Memorandum items 2.a.(1) through 2.c.(2) plus the amount of any nonaccrual
debt securities included in Schedule RC-N, item 10, column C, must equal Schedule RC-B,
sum of items 1 through 6.b, columns A and D.
On the FFIEC 031, banks that have more than one office in foreign countries (including
offices of consolidated foreign subsidiaries but excluding "shell" branches, offices in Puerto
Rico or U.S. territories and possessions, and IBFs) have the option of excluding the smallest
of such non-U.S. offices from Memorandum item 2. Such banks may omit the smallest of
their offices in foreign countries (other than "shell" branches) when arrayed by total assets
provided that the assets of the excluded offices do not exceed 50 percent of the total assets
of the bank's offices (excluding "shells") in foreign countries and do not exceed 10 percent of
the total consolidated assets of the reporting bank as of the report date. (Note: In
determining the total assets of offices in foreign countries eligible for exclusion from these
memorandum items, banks should exclude not only "shell" branches but also offices in
Puerto Rico and U.S. territories and possessions, domestic offices of Edge and Agreement
subsidiaries, and IBFs even though these are sometimes referred to as "foreign" offices.
Also, the asset totals for all offices in foreign countries should be the component of the total
consolidated assets, i.e., should exclude all intrabank transactions.)
For purposes of this memorandum item, the following definitions apply:
A fixed interest rate is a rate that is specified at the origination of the transaction, is fixed and
invariable during the term of the debt security, and is known to both the borrower and the

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RC-B-13
(12-20)

RC-B - SECURITIES

This page intentionally left blank.

FFIEC 031 and 041

RC-B - SECURITIES

Memoranda
Item No.

Caption and Instructions

2
(cont.)

lender. Also treated as a fixed interest rate is a predetermined interest rate which is a rate
that changes during the term of the debt security on a predetermined basis, with the exact
rate of interest over the life of the debt security known with certainty to both the borrower and
the lender when the debt security is acquired.
A floating rate is a rate that varies, or can vary, in relation to an index, to some other interest
rate such as the rate on certain U.S. Government securities or the "prime rate," or to some other
variable criterion the exact value of which cannot be known in advance. Therefore, the exact rate
the debt security carries at any subsequent time cannot be known at the time of origination.
When the rate on a debt security with a floating rate has reached a contractual floor or ceiling
level, the debt security is to be treated as "fixed rate" rather than as "floating rate" until the
rate is again free to float.
Remaining maturity is the amount of time remaining from the report date until the final
contractual maturity of a debt security without regard to the security's repayment schedule, if
any.
Next repricing date is the date the interest rate on a floating rate debt security can next
change in accordance with the terms of the contract (without regard to the security’s
repayment schedule, if any, or expected prepayments) or the contractual maturity date of the
security, whichever is earlier.
Banks whose records or information systems provide data on the final contractual maturities,
next repricing dates, and expected average lives of their debt securities for time periods that
closely approximate the maturity and repricing periods specified in Memorandum items 2.a
through 2.d (e.g., 89 or 90 days rather than three months, 359 or 360 days rather than
12 months) may use these date to complete Memorandum items 2.a through 2.d.
For debt securities with scheduled contractual payments, banks whose records or information
systems provide repricing data that take into account these scheduled contractual payments,
with or without the effect of anticipated prepayments, may adjust these data in an appropriate
manner to derive reasonable estimates for the final contractual maturities of fixed rate debt
securities (and floating rate debt securities for purposes of Memorandum item 2.c) and the
next repricing dates of floating rate debt securities.
Callable fixed rate debt securities should be reported in Memorandum items 2.a, 2.b, and 2.d
without regard to their next call date unless the security has actually been called. When fixed
rate debt securities have been called, they should be reported on the basis of the time
remaining until the call date. Callable floating rate debt securities should be reported in
Memorandum items 2.a and 2.b on the basis of their next repricing date without regard to
their next call date if the security has not been called. Those that have been called should be
reported based on the earlier of their next repricing date or their actual call date.
Fixed rate mortgage pass-through securities (such as those guaranteed by the Government
National Mortgage Association (GNMA) or issued by the Federal Home Loan Mortgage
Corporation (FHLMC), the Federal National Mortgage Association (FNMA), and certain
banks, savings associations, and securities dealers) and fixed rate Small Business
Administration (SBA) "Guaranteed Loan Pool Certificates" should be reported on the basis of
the time remaining until their final contractual maturity without regard to either expected
prepayments or scheduled contractual payments. Floating rate mortgage pass-through
securities and SBA "Guaranteed Loan Pool Certificates" should be reported in Memorandum
items 2.a and 2.b on the basis of their next repricing date.

FFIEC 031 and 041

RC-B-15
(6-18)

RC-B - SECURITIES

FFIEC 031 and 041

RC-B - SECURITIES

Memoranda
Item No.

Caption and Instructions

2
(cont.)

Fixed rate debt securities that provide the reporting bank with the option to redeem them
at one or more specified dates prior to their contractual maturity date, so-called "put bonds,"
should be reported on the basis of the time remaining until the next "put" date. Floating rate
"put bonds" should be reported in Memorandum items 2.a and 2.b on the basis of their next
repricing date without regard to "put" dates if the bank has not exercised the put. If a "put"
has been exercised but the security has not yet been repaid, the "put" bond should be
reported based on the earlier of its next repricing date or its scheduled repayment date.
Zero coupon debt securities, including U.S. Treasury bills, should be treated as fixed rate debt
securities for purposes of this Memorandum item.

2.a

Securities issued by the U.S. Treasury, U.S. Government agencies, and states and
political subdivisions in the U.S.; other non-mortgage debt securities; and mortgage
pass-through securities other than those backed by closed-end first lien 1-4 family
residential mortgages with a remaining maturity or next repricing date of. Report the
bank's holdings of fixed rate debt securities – other than mortgage pass-through securities
backed by closed-end first lien 1-4 family residential mortgages – in the appropriate subitems
according to the amount of time remaining to their final contractual maturities (without regard
to repayment schedules, if any). Report the bank's holdings of floating rate debt securities –
other than mortgage pass-through securities backed by closed-end first lien 1-4 family
residential mortgages – in the appropriate subitems according to the amount of time remaining
until their next repricing date. Exclude debt securities that are in nonaccrual status.
For held-to-maturity debt securities, report amortized cost. For available-for-sale debt
securities, report fair value.

2.a.(1)

2.a.(2)

Three months or less. Report the amount of:
•

the bank's fixed rate debt securities – other than mortgage pass-through securities
backed by closed-end first lien 1-4 family residential mortgages – with remaining
maturities of three months or less, and

•

the bank's floating rate debt securities – other than mortgage pass-through securities
backed by closed-end first lien 1-4 family residential mortgages – with next repricing dates
occurring in three months or less.

Over three months through 12 months. Report the amount of:
•

the bank's fixed rate debt securities – other than mortgage pass-through securities
backed by closed-end first lien 1-4 family residential mortgages – with remaining
maturities (without regard to repayment schedules, if any) of over three months through
12 months, and

•

the bank's floating rate debt securities – other than mortgage pass-through securities
backed by closed-end first lien 1-4 family residential mortgages – with next repricing dates
occurring in over three months through 12 months.

FFIEC 031 and 041

RC-B-16
(6-18)

RC-B - SECURITIES

FFIEC 031 and 041

RC-B - SECURITIES

Memoranda
Item No.

Caption and Instructions

2.a.(3)

Over one year through three years. Report the amount of:

2.a.(4)

2.a.(5)

2.a.(6)

2.b

•

the bank's fixed rate debt securities – other than mortgage pass-through securities
backed by closed-end first lien 1-4 family residential mortgages – with remaining
maturities (without regard to repayment schedules, if any) of over one year through three
years, and

•

the bank's floating rate debt securities – other than mortgage pass-through securities
backed by closed-end first lien 1-4 family residential mortgages – with next repricing dates
occurring in over one year through three years.

Over three years through five years. Report the amount of:
•

the bank's fixed rate debt securities – other than mortgage pass-through securities backed
by closed-end first lien 1-4 family residential mortgages – with remaining maturities
(without regard to repayment schedules, if any) of over three years through five years, and

•

the bank's floating rate debt securities – other than mortgage pass-through securities
backed by closed-end first lien 1-4 family residential mortgages – with next repricing dates
occurring in over three years through five years.

Over five years through 15 years. Report the amount of:
•

the bank's fixed rate debt securities – other than mortgage pass-through securities
backed by closed-end first lien 1-4 family residential mortgages – with remaining
maturities (without regard to repayment schedules, if any) of over five years through 15
years, and

•

the bank's floating rate debt securities – other than mortgage pass-through securities
backed by closed-end first lien 1-4 family residential mortgages – with next repricing dates
occurring in over five years through 15 years.

Over 15 years. Report the amount of:
•

the bank's fixed rate debt securities – other than mortgage pass-through securities
backed by closed-end first lien 1-4 family residential mortgages – with remaining
maturities (without regard to repayment schedules, if any) of over 15 years, and

•

the bank's floating rate debt securities – other than mortgage pass-through securities
backed by closed-end first lien 1-4 family residential mortgages – with next repricing dates
occurring in over 15 years.

Mortgage pass-through securities backed by closed-end first lien 1-4 family residential
mortgages with a remaining maturity or next repricing date of. Report the bank's
holdings of fixed rate mortgage pass-through securities backed by closed-end first lien 1-4
family residential mortgages in the appropriate subitems according to the amount of time
remaining to their final contractual maturities (without regard to repayment schedules, if any).
Report the bank's holdings of floating rate mortgage pass-through securities backed by

FFIEC 031 and 041

RC-B-16
(6-18)

RC-B - SECURITIES

FFIEC 031 and 041

RC-B - SECURITIES

Memoranda
Item No.

Caption and Instructions

2.b
(cont.)

closed-end first lien 1-4 family residential mortgages in the appropriate subitems according to
the amount of time remaining until their next repricing date. Exclude mortgage pass-through
securities that are in nonaccrual status.
For held-to-maturity mortgage pass-through securities, report amortized cost. For availablefor-sale mortgage pass-through securities, report fair value.

2.b.(1)

2.b.(2)

2.b.(3)

2.b.(4)

Three months or less. Report the amount of:
•

the bank's fixed rate mortgage pass-through securities backed by closed-end first lien 1-4
family residential mortgages with remaining maturities of three months or less, and

•

the bank's floating rate mortgage pass-through securities backed by closed-end first lien
1-4 family residential mortgages with next repricing dates occurring in three months or
less.

Over three months through 12 months. Report the amount of:
•

the bank's fixed rate mortgage pass-through securities backed by closed-end first lien 1-4
family residential mortgages with remaining maturities (without regard to repayment
schedules, if any) of over three months through 12 months, and

•

the bank's floating rate mortgage pass-through securities backed by closed-end first lien
1-4 family residential mortgages with next repricing dates occurring in over three months
through 12 months.

Over one year through three years. Report the amount of:
•

the bank's fixed rate mortgage pass-through securities backed by closed-end first lien 1-4
family residential mortgages with remaining maturities (without regard to repayment
schedules, if any) of over one year through three years, and

•

the bank's floating rate mortgage pass-through securities backed by closed-end first lien
1-4 family residential mortgages with next repricing dates occurring in over one year
through three years.

Over three years through five years. Report the amount of:
•

the bank's fixed rate mortgage pass-through securities backed by closed-end first lien 1-4
family residential mortgages with remaining maturities (without regard to repayment
schedules, if any) of over three years through five years, and

•

the bank's floating rate mortgage pass-through securities backed by closed-end first lien
1-4 family residential mortgages with next repricing dates occurring in over three years
through five years.

FFIEC 031 and 041

RC-B-17
(6-18)

RC-B - SECURITIES

FFIEC 031 and 041

RC-B - SECURITIES

Memoranda
Item No.

Caption and Instructions

2.b.(5)

Over five years through 15 years. Report the amount of:

2.b.(6)

2.c

•

the bank's fixed rate mortgage pass-through securities backed by closed-end first lien 1-4
family residential mortgages with remaining maturities (without regard to repayment
schedules, if any) of over five years through 15 years, and

•

the bank's floating rate mortgage pass-through securities backed by closed-end first lien
1-4 family residential mortgages with next repricing dates occurring in over five years
through 15 years.

Over 15 years. Report the amount of:
•

the bank's fixed rate mortgage pass-through securities backed by closed-end first lien 1-4
family residential mortgages with remaining maturities (without regard to repayment
schedules, if any) of over 15 years, and

•

the bank's floating rate mortgage pass-through securities backed by closed-end first lien
1-4 family residential mortgages with next repricing dates occurring in over fifteen years.

Other mortgage-backed securities (include CMOs, REMICs, and stripped MBS) with an
expected average life of. Report the bank's holdings of other mortgage-backed securities
(including collateralized mortgage obligations (CMOs), real estate mortgage investment
conduits (REMICs), and stripped mortgage-backed securities (MBS)) in the appropriate
subitems by their expected weighted average life as of the report date. Include both fixed rate
and floating rate securities. For held-to-maturity securities, report amortized cost. For
available-for-sale securities, report fair value. Exclude all mortgage pass-through securities.
Also exclude securities that are in nonaccrual status.
Banks should report based on the most recent average life information obtained within the
twelve months preceding the report date. Weighted average life is the dollar-weighted
average time in which principal is repaid. For a mortgage-backed security, weighted average
life should be based on the prepayment assumptions associated with the pool of loans
underlying the security as well as scheduled repayments. Weighted average life is computed
by (a) multiplying the amount of each principal reduction by the number of years or months
from the date of issuance or the testing date to the date of the principal reduction, (b) summing
the results, and (c) dividing the sum by the remaining principal balance as of the date of
issuance or the testing date. Because weighted average life should consider
expected prepayments, it is not equivalent to contractual maturity. Because it is dollar- and
time-weighted, it also is not equivalent to expected final maturity.

2.c.(1)

Three years or less. Report the bank's holdings of other mortgage-backed securities with
an expected weighted average life of three years or less as of the report date. Include both
fixed rate and floating rate securities.

2.c.(2)

Over three years. Report the bank's holdings of other mortgage-backed securities with an
expected weighted average life of over three years as of the report date. Include both fixed
rate and floating rate securities.

FFIEC 031 and 041

RC-B-18
(6-18)

RC-B - SECURITIES

FFIEC 031 and 041

RC-B - SECURITIES

Memoranda
Item No.

Caption and Instructions

2.d

Debt securities with a remaining maturity of one year or less. Report all debt securities
with a remaining maturity of one year or less. Include both fixed rate and floating rate debt
securities. Exclude debt securities that are in nonaccrual status.
For held-to-maturity debt securities, report amortized cost. For available-for-sale debt
securities, report fair value.
The fixed rate debt securities (excluding "Other mortgage-backed securities") that should be
included in this item will also have been reported by remaining maturity in Schedule RC-B,
Memorandum items 2.a.(1), 2.a.(2), 2.b.(1), and 2.b.(2), above. The floating rate debt
securities (excluding "Other mortgage-backed securities") that should be included in this item
will have been reported by next repricing date in Memorandum items 2.a.(1), 2.a.(2), 2.b.(1),
and 2.b.(2), above. However, these four Memorandum items may include floating rate debt
securities with a remaining maturity of more than one year, but on which the interest rate can
next change in one year or less; those debt securities should not be included in this
Memorandum item 2.d. The "Other mortgage-backed securities" included in this item will
have been reported by expected weighted average life in Memorandum items 2.c.(1) and
2.c.(2) above.

NOTE: Memorandum item 3 is to be completed semiannually in the June and December reports only.
3

Amortized cost of held-to-maturity securities sold or transferred to available-for-sale or
trading securities during the calendar year-to-date. If the reporting bank has sold any
held-to-maturity debt securities or has transferred any held-to-maturity debt securities to the
available-for-sale or to trading securities during the calendar year-to-date, report the total
amortized cost of these held-to-maturity debt securities as of their date of sale or transfer.
Exclude the amortized cost of any held-to-maturity debt security that has been sold near
enough to (e.g., within three months of) its maturity date (or call date if exercise of the call is
probable) that interest rate risk is substantially eliminated as a pricing factor. Also exclude
the amortized cost of any held-to-maturity debt security that has been sold after the collection
of a substantial portion (i.e., at least 85 percent) of the principal outstanding at acquisition
due to prepayments on the debt security or, if the debt security is a fixed rate security, due to
scheduled payments payable in equal installments (both principal and interest) over its term.

4

Structured notes. Report in this item all structured notes included in the held-to-maturity
and available-for-sale accounts and reported in Schedule RC-B, items 2, 3, 5, and 6. In
general, structured notes are debt securities whose cash flow characteristics (coupon rate,
redemption amount, or stated maturity) depend upon one or more indices and/or that have
embedded forwards or options or are otherwise commonly known as "structured notes."
Include as structured notes any asset-backed securities (other than mortgage-backed
securities) which possess the aforementioned characteristics.
Structured notes include, but are not limited to, the following common structures:
(1) Floating rate debt securities whose payment of interest is based upon:
(a) a single index of a Constant Maturity Treasury (CMT) rate or a Cost of Funds Index
(COFI), or
(b) changes in the Consumer Price Index (CPI). However, exclude from structured
notes all U.S. Treasury Inflation-Protected Securities (TIPS).

FFIEC 031 and 041

RC-B-19
(6-18)

RC-B - SECURITIES

FFIEC 031 and 041

RC-B - SECURITIES

Memoranda
Item No.

Caption and Instructions

4
(cont.)

(2) Step-up Bonds. Step-up securities initially pay the investor an above-market yield for a
short noncall period and then, if not called, "step up" to a higher coupon rate (which will
be below current market rates). The investor initially receives a higher yield because of
having implicitly sold one or more call options. A step-up bond may continue to contain
call options even after the bond has stepped up to the higher coupon rate. A multistep
bond has a series of fixed and successively higher coupons over its life. At each call
date, if the bond is not called, the coupon rate increases.
(3) Index Amortizing Notes (IANs). IANs repay principal according to a predetermined
amortization schedule that is linked to the level of a specific index (usually the London
Interbank Offered Rate - LIBOR - or a specified prepayment rate). As market interest
rates increase (or prepayment rates decrease), the maturity of an IAN extends, similar to
that of a collateralized mortgage obligation. When the principal payments on these notes
are indexed to the prepayment performance of a reference pool of mortgages or a
reference mortgage-backed security, but the notes themselves are not collateralized by
the mortgages or the mortgage-backed security, the notes are sometimes marketed as
Prepayment-Linked Notes.
(4) Dual Index Notes. These bonds have coupon rates that are determined by the
difference between two market indices, typically the CMT rate and LIBOR. These bonds
often have a fixed coupon rate for a brief period, followed by a longer period of variable
rates, e.g., 8 percent fixed for two years, then the 10-year CMT rate plus 300 basis points
minus three-month LIBOR.
(5) De-leveraged Bonds. These bonds pay investors according to a formula that is based
upon a fraction of the increase or decrease in a specified index, such as the CMT rate or
the prime rate. For example, the coupon might be the 10-year CMT rate multiplied by
0.5, plus 150 basis points. The de-leveraging multiplier (0.5) causes the coupon to lag
overall movements in market yields. A leveraged bond would involve a multiplier greater
than 1.
(6) Range Bonds. Range bonds (or accrual bonds) pay the investor an above-market
coupon rate as long as the reference rate is between levels established at issue. For
each day that the reference rate is outside this range, the bonds earn no interest. For
example, if LIBOR is the reference rate, a bond might pay LIBOR plus 75 basis points for
each day that LIBOR is between 3.5 and 5.0 percent. When LIBOR is less than 3.5
percent or more than 5 percent, the bond would accrue no interest.
(7) Inverse Floaters. These bonds have coupons that increase as rates decline and
decrease as rates rise. The coupon is based upon a formula, such as 12 percent minus
three-month LIBOR.
Exclude from structured notes floating rate debt securities denominated in U.S. dollars
whose payment of interest is based upon a single index of a Treasury bill rate, the prime rate,
or LIBOR and which do not contain adjusting caps, adjusting floors, leverage, or variable
principal redemption. Furthermore, debt securities that do not possess the aforementioned
characteristics of a structured note need not be reported as structured notes solely because
they are callable as of a specified date at a specified price. In addition, debt securities that in
the past possessed the characteristics of a structured note, but which have "fallen through"
their structures (e.g., all of the issuer's call options have expired and there are no more
adjustments to the interest rate on the security), need not be reported as structured notes.

FFIEC 031 and 041

RC-B-20
(6-18)

RC-B - SECURITIES

FFIEC 031 and 041

RC-B - SECURITIES

Memoranda
Item No.

Caption and Instructions

4
(cont.)

Generally, municipal and corporate securities that have periodic call options should not be
reported as structured notes. Although many of these securities have features similar to
those found in some structured notes (e.g., step-ups, which generally remain callable after a
step-up date), they are not commonly known as structured notes. Examples of such
callable securities that should not be reported as structured notes include:
(1) Callable municipal and corporate bonds which have single (or multiple) explicit call dates
and then can be called on any interest payment date after the last explicit call date
(i.e., they are continuously callable).
(2) Callable federal agency securities that have continuous call features after an explicit call
date, except step-up bonds (which are structured notes).
The mere existence of simple caps and floors does not necessarily make a security a
structured note. Securities with adjusting caps or floors (i.e., caps or floors that change over
time), however, are structured notes. Therefore, the following types of securities should not
be reported as structured notes:
(1) Variable rate securities, including Small Business Administration "Guaranteed Loan Pool
Certificates," unless they have features of securities which are commonly known as
structured notes (i.e., they are inverse, range, or de-leveraged floaters, index amortizing
notes, dual index or variable principal redemption or step-up bonds), or have adjusting
caps or floors.
(2) Mortgage-backed securities.

4.a

Amortized cost (of structured notes). Report the amortized cost of all structured notes
included in the held-to-maturity and available-for-sale accounts. The amortized cost of these
securities will have been reported in columns A and C of the body of Schedule RC-B.

4.b

Fair value (of structured notes). Report the fair (market) value of structured notes reported
in Memorandum item 4.a above. The fair value of these securities will have been reported in
columns B and D of the body of Schedule RC-B. Do not combine or otherwise net the fair
value of any structured note with the fair or book value of any related asset, liability, or
off-balance sheet derivative instrument.

NOTE: Memorandum item 5 is to be completed by institutions with $10 billion or more in total assets.
5

Asset-backed securities. Report in the appropriate columns of the appropriate subitems
the amortized cost and fair value of all asset-backed securities (other than mortgage-backed
securities), including asset-backed commercial paper, not held for trading. For each column,
the sum of Memorandum items 5.a through 5.f must equal Schedule RC-B, item 5.a.
For purposes of categorizing asset-backed securities in Schedule RC-B, Memorandum
items 5.a through 5.f, below, each individual asset-backed security should be included in the
item that most closely describes the predominant type of asset that collateralizes the security
and this categorization should be used consistently over time. For example, an asset-backed
security may be collateralized by automobile loans to both individuals and business
enterprises. If the prospectus for this asset-backed security or other available information
indicates that these automobile loans are predominantly loans to individuals, the security
should be reported in Schedule RC-B, Memorandum item 5.c, as being collateralized by
automobile loans.

FFIEC 031 and 041

RC-B-21
(6-18)

RC-B - SECURITIES

FFIEC 031 and 041

RC-B - SECURITIES

Memoranda
Item No.

Caption and Instructions

5.a

Credit card receivables. Report in the appropriate columns the amortized cost and fair
value of all asset-backed securities collateralized by credit card receivables, i.e., extensions
of credit to individuals for household, family, and other personal expenditures arising from
credit cards as defined for Schedule RC-C, part I, item 6.a.

5.b

Home equity lines. Report in the appropriate columns the amortized cost and fair value
of all asset-backed securities collateralized by home equity lines of credit, i.e., revolving,
open-end lines of credit secured by 1-to-4 family residential properties as defined for
Schedule RC-C, part I, item 1.c.(1).

5.c

Automobile loans. Report in the appropriate columns the amortized cost and fair value of
all asset-backed securities collateralized by automobile loans, i.e., loans to individuals for the
purpose of purchasing private passenger vehicles, including minivans, vans, sport-utility
vehicles, pickup trucks, and similar light trucks for personal use, as defined for
Schedule RC-C, part I, item 6.c.

5.d

Other consumer loans. Report in the appropriate columns the amortized cost and fair value
of all asset-backed securities collateralized by other consumer loans, i.e., loans to individuals
for household, family, and other personal expenditures as defined for Schedule RC-C, part I,
items 6.b and 6.d.

5.e

Commercial and industrial loans. Report in the appropriate columns the amortized cost
and fair value of all asset-backed securities collateralized by commercial and industrial loans,
i.e., loans for commercial and industrial purposes to sole proprietorships, partnerships,
corporations, and other business enterprises, whether secured (other than by real estate) or
unsecured, single-payment or installment, as defined for Schedule RC-C, part I, item 4.

5.f

Other. Report in the appropriate columns the amortized cost and fair value of all
asset-backed securities collateralized by non-mortgage loans other than those described in
Schedule RC-B, Memorandum items 5.a through 5.e, above, i.e., loans as defined for
Schedule RC-C, part I, items 2, 3, and 7 through 9; lease financing receivables as defined for
Schedule RC-C, part I, item 10; and all other assets.

NOTE: Memorandum item 6 is to be completed by institutions with $10 billion or more in total assets.
6

Structured financial products by underlying collateral or reference assets. Report in
the appropriate columns of the appropriate subitems the amortized cost and fair value of all
structured financial products (as defined in Schedule RC-B, item 5.b, above) not held for
trading by the predominant type of collateral or reference assets supporting the product. For
each column, the sum of Memorandum items 6.a through 6.g must equal Schedule RC-B,
item 5.b.

6.a

Trust preferred securities issued by financial institutions. Report in the appropriate
columns the amortized cost and fair value of structured financial products supported
predominantly by trust preferred securities issued by financial institutions.

6.b

Trust preferred securities issued by real estate investment trusts. Report in the
appropriate columns the amortized cost and fair value of structured financial products
supported predominantly by trust preferred securities issued by real estate investment trusts.

FFIEC 031 and 041

RC-B-22
(6-18)

RC-B - SECURITIES

FFIEC 031 and 041

RC-B - SECURITIES

Memoranda
Item No.

Caption and Instructions

6.c

Corporate and similar loans. Report in the appropriate columns the amortized cost and fair
value of structured financial products supported predominantly by corporate and similar
loans.
Exclude securities backed by loans that are commonly regarded as asset-backed securities
rather than collateralized loan obligations in the marketplace (report in Schedule RC-B,
item 5.a).

6.d

1-4 family residential MBS issued or guaranteed by U.S. government-sponsored
enterprises (GSEs). Report in the appropriate columns the amortized cost and fair value of
structured financial products supported predominantly by 1-4 family residential mortgagebacked securities issued or guaranteed by U.S. government-sponsored enterprises.

6.e

1-4 family residential MBS not issued or guaranteed by GSEs. Report in the appropriate
columns the amortized cost and fair value of structured financial products supported
predominantly by 1-4 family residential mortgage-backed securities not issued or guaranteed
by U.S. government-sponsored enterprises.

6.f

Diversified (mixed) pools of structured financial products. Report in the appropriate
columns the amortized cost and fair value of structured financial products supported
predominantly by diversified (mixed) pools of structured financial products. Include such
products as CDOs squared and cubed (also known as “pools of pools”).

6.g

Other collateral or reference assets. Report in the appropriate columns the amortized cost
and fair value of structured financial products supported predominantly by other types of
collateral or reference assets not identified above.

7

Guaranteed by U.S. Government agencies or sponsored agencies included in Schedule
RC‐B, item 5.b. Report in the appropriate columns the amortized cost and fair value of the
maximum amount recoverable from the U.S. Government, including its agencies and its
government-sponsored agencies, under the guarantee applicable to the structured securities
included in Schedule RC-B, item 5.b.

FFIEC 031 and 041

RC-B-23
(12-24)

RC-B - SECURITIES

FFIEC 031 and 041

RC-C - LOANS AND LEASES

SCHEDULE RC-C – LOANS AND LEASE FINANCING RECEIVABLES
Part I. Loans and Leases
General Instructions for Part I
Loans and lease financing receivables are extensions of credit resulting from either direct negotiation
between the bank and its customers or the purchase of such assets from others. See the Glossary
entries for "loan" and for "lease accounting" for further information.
Report all loans and leases that the bank has the intent and ability to hold for the foreseeable future or
until maturity or payoff, i.e., loans and leases held for investment, in Schedule RC-C, part I. Also report in
Schedule RC-C, part I, all loans and leases held for sale as part of the consolidated bank’s mortgage
banking activities or activities of a similar nature involving other types of loans. Include the fair value of all
loans held for investment and all loans held for sale that the bank has elected to report at fair value under
a fair value option. Loans reported at fair value in Schedule RC-C, part I, should include only the fair
value of the funded portion of the loan. If the unfunded portion of the loan, if any, is reported at fair value,
this fair value should be reported as an “Other asset” or an “Other liability,” as appropriate, in
Schedule RC, item 11 or item 20, respectively. If the bank has elected to apply the fair value option to
any loans held for investment or held for sale, it also must report the fair value and unpaid principal
balance of these loans in the appropriate subitems of Schedule RC-Q, Memorandum items 3 and 4,
respectively.
Exclude from Schedule RC-C, part I, all loans and leases classified as trading (report in Schedule RC,
item 5, "Trading assets," and, in the appropriate items of Schedule RC-D, Trading Assets and Liabilities,
and Schedule RC-Q, Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis, if
applicable).
When a loan is acquired (through origination or purchase) with the intent or expectation that it may or will
be sold at some indefinite date in the future, the loan should be reported as held for sale or held for
investment, based on facts and circumstances, in accordance with generally accepted accounting
principles and related supervisory guidance. In addition, a loan acquired and held for securitization
purposes should be reported as a loan held for sale, provided the securitization transaction will be
accounted for as a sale under ASC Topic 860, Transfers and Servicing. Notwithstanding the above,
banks may classify loans as trading if the bank applies fair value accounting, with changes in fair value
reported in current earnings, and manages these assets and liabilities as trading positions, subject to the
controls and applicable regulatory guidance related to trading activities. For example, a bank would
generally not classify a loan that meets these criteria as a trading asset unless the bank holds the loan for
one of the following purposes: (a) for market making activities, including such activities as accumulating
loans for sale or securitization; (b) to benefit from actual or expected price movements; or (c) to lock in
arbitrage profits.
Loans held for sale (not classified as trading in accordance with the preceding instruction) shall be
reported in Schedule RC-C, part I, at the lower of cost or fair value as of the report date, except for those
that the bank has elected to account for at fair value under a fair value option. For loans held for sale that
are reported at the lower of cost or fair value, the amount by which cost exceeds fair value, if any, shall be
accounted for as a valuation allowance. For further information, see ASC Subtopic 948-310, Financial
Services-Mortgage Banking – Receivables, ASC Subtopic 310-10, Receivables – Overall, and the March
26, 2001, Interagency Guidance on Certain Loans Held for Sale.

FFIEC 031 and 041

RC-C-1
(3-24)

RC-C - LOANS AND LEASES

FFIEC 031 and 041

RC-C - LOANS AND LEASES

General Instructions for Part I (cont.)
On the FFIEC 041, Schedule RC-C, Part I, has two columns for information on loans and leases:
column B is to be completed by all banks and column A is to be completed by banks with $300 million or
more in total assets. On the FFIEC 031, this schedule has two columns: column A provides loan and
lease detail for the fully consolidated bank and column B provides detail on loans and leases held by the
domestic offices of the reporting bank. (See the Glossary entry for "domestic office" for the definition of
this term.)
Institutions should report loans and leases held for investment in this schedule without any deduction for
allowances for credit losses on loans and leases or any allocated transfer risk reserves related to loans
and leases, which are to be reported in Schedule RC, item 4.c, "Allowance for credit losses on loans and
leases."
Each item in this schedule should be reported net of (1) unearned income (to the extent possible) and (2)
deposits accumulated for the payment of personal loans (hypothecated deposits). Net unamortized loan
fees represent an adjustment of the loan yield, and shall be reported in this schedule in the same manner
as unearned income on loans, i.e., deducted from the related loan balances (to the extent possible) or
deducted from total loans in Schedule RC-C, Part I, item 11, "LESS: Any unearned income on loans
reflected in items 1-9 above." Net unamortized direct loan origination costs shall be added to the related
loan balances in each item in this schedule. (See the Glossary entry for "Loan Fees" for further
information.)
“Purchased credit-deteriorated loans” are acquired individual loans (or acquired groups of loans with
similar risk characteristics) accounted for in accordance with ASC Topic 326, Financial Instruments‒
Credit Losses, that, as of the date of acquisition, have experienced a more-than-insignificant deterioration
in credit quality since origination, as determined by the acquiring institution’s assessment. Unless
accounted for at fair value under a fair value option, purchased credit-deteriorated loans should be
reported in Schedule RC-C, Part I, at amortized cost. Any noncredit discount or premium on a purchased
credit-deteriorated loan should not be reported as unearned income in Schedule RC-C, Part I, item 11.
If, as a result of a change in circumstances, the bank regains control of a loan previously accounted
for appropriately as having been sold because one or more of the conditions for sale accounting in
ASC Topic 860 are no longer met, such a change should be accounted for in the same manner as a
purchase of the loan from the former transferee (purchaser) in exchange for liabilities assumed. The
rebooked loan must be reported as a loan asset in Schedule RC-C, part I, either as a loan held for sale or
a loan held for investment, based on facts and circumstances, in accordance with generally accepted
accounting principles. This accounting and reporting treatment applies, for example, to U.S.
Government-guaranteed or -insured residential mortgage loans backing Government National Mortgage
Association (GNMA) mortgage-backed securities that a bank services after it has securitized the loans in

FFIEC 031 and 041

RC-C-2
(3-24)

RC-C - LOANS AND LEASES

FFIEC 031 and 041

RC-C - LOANS AND LEASES

General Instructions for Part I (cont.)
a transfer accounted for as a sale. If and when individual loans later meet delinquency criteria specified
by GNMA, the loans are eligible for repurchase, the bank is deemed to have regained effective control
over these loans, and the delinquent loans must be brought back onto the bank's books as loan assets.
All loans should be categorized in Schedule RC-C, Part I, according to security, borrower, or purpose. All
loans satisfying the criteria in the Glossary entry for “Loan secured by real estate” (except those to states
and political subdivisions in the U.S.) should be categorized as “Loans secured by real estate” in
Schedule RC-C, Part I. Loans secured by other collateral, such as securities, inventory, or automobiles,
would require further examination of both purpose and borrower to properly categorize the loans in
Schedule RC-C, Part I. For loan categories in Schedule RC-C, Part I, that include certain loans to
individuals, the term “individual” may include a trust or other entity that acts on behalf of (or in place of) an
individual or a group of individuals for purposes of obtaining the loan. Loans covering two or more
categories are sometimes difficult to categorize. In such instances, categorize the entire loan according
to the major criterion.
Report in Schedule RC-C, Part I, all loans and leases on the books of the reporting bank even if on the
report date they are past due and collection is doubtful. Exclude any loans or leases the bank has sold or
charged off. Also exclude assets received in full or partial satisfaction of a loan or lease (unless the asset
received is itself reportable as a loan or lease) and any loans for which the bank has obtained physical
possession of the underlying collateral, regardless of whether formal foreclosure or repossession
proceedings have been instituted against the borrower. Refer to the Glossary entries for "Loan
Modifications to Borrowers Experiencing Financial Difficulty" and "Foreclosed Assets" for further
discussion of these topics.
When a bank acquires either (1) a portion of an entire loan that does not meet the definition of a
participating interest (i.e., a nonqualifying loan participation) or (2) a qualifying participating interest in a
transfer that does not does not meet all of the conditions for sale accounting, it should normally report
the loan participation or participating interest in Schedule RC, item 4.b, “Loans and leases held for
investment.” The bank also should report the loan participation or participating interest in
Schedule RC-C, Part I, in the loan category appropriate to the underlying loan, e.g., as a “commercial and
industrial loan” in item 4 or as a “loan secured by real estate” in item 1. See the Glossary entry for
“Transfers of Financial Assets” for further information.
Exclude, for purposes of this schedule, the following:
(1) Federal funds sold (in domestic offices), i.e., all loans of immediately available funds (in domestic
offices) that mature in one business day or roll over under a continuing contract, excluding funds lent
in the form of securities purchased under agreements to resell. Report federal funds sold (in
domestic offices) in Schedule RC, item 3.a. However, report overnight lending for commercial and
industrial purposes as loans in this schedule. On the FFIEC 031, also report lending transactions in
foreign offices involving immediately available funds with an original maturity of one business day or
under a continuing contract that are not securities resale agreements as loans in this schedule.
(2) Lending transactions in the form of securities purchased under agreements to resell (report in
Schedule RC, item 3.b, "Securities purchased under agreements to resell").
(3) All holdings of commercial paper (report in Schedule RC, item 5, if held for trading; report in
Schedule RC-B, item 4.b, “Other mortgage-backed securities”; item 5.a, "Asset-backed securities";
or item 6, "Other debt securities," as appropriate, if held for purposes other than trading).
(4) Contracts of sale or other loans indirectly representing other real estate (report in Schedule RC,
item 7, "Other real estate owned").

FFIEC 031 and 041

RC-C-2a
(6-24)

RC-C - LOANS AND LEASES

FFIEC 031 and 041

RC-C - LOANS AND LEASES

General Instructions for Part I (cont.)
(5) Undisbursed loan funds, sometimes referred to as incomplete loans or loans in process, unless the
borrower is liable for and pays the interest thereon. If interest is being paid by the borrower on the
undisbursed proceeds, the amount of such undisbursed funds should be included in both loans and
deposits. (Do not include loan commitments that have not yet been taken down, even if fees have
been paid; see Schedule RC-L, item 1.)
Item Instructions for Part I
Item No.
1

Caption and Instructions
Loans secured by real estate. Report all loans that meet the definition of a “loan secured
by real estate.” See the Glossary entry for "loan secured by real estate" for the definition of
this term. On the FFIEC 041, all institutions should report in items 1.a.(1) through 1.e.(2) of
column B a nine-category breakdown of loans secured by real estate. On the FFIEC 031, all
large institutions and highly complex institutions – as defined for deposit insurance
assessment purposes in the General Instructions for Schedule RC-O, Memorandum items 6
through 18 – with foreign offices should report a nine-category breakdown of loans secured
by real estate for the consolidated bank in items 1.a.(1) through 1.e.(2) of column A and for
domestic offices in items 1.a.(1) through 1.e.(2) of column B; all other institutions with foreign
offices should report only the total amount of loans secured by real estate for the
consolidated bank in item 1 of column A, but with a nine-category breakdown of these loans
for domestic offices in items 1.a.(1) through 1.e.(2) of column B.
Include all loans (other than those to states and political subdivisions in the U.S.), regardless
of purpose and regardless of whether originated by the bank or purchased from others, that
are secured by real estate at origination as evidenced by mortgages, deeds of trust, land
contracts, or other instruments, whether first or junior liens (e.g., equity loans, second
mortgages) on real estate.
Include as loans secured by real estate:
(1) Loans secured by residential properties that are guaranteed by the Farmers Home
Administration (FmHA) and extended, collected, and serviced by a party other than the
FmHA.
(2) Loans secured by properties and guaranteed by governmental entities in foreign
countries.
(3) Participations in pools of Federal Housing Administration (FHA) Title I home improvement
loans that are secured by liens (generally, junior liens) on residential properties.
(4) Loans secured by real estate that are guaranteed by the Small Business Administration
(SBA). Include SBA “Guaranteed Interest Certificates,” which represent a beneficial
interest in the entire SBA-guaranteed portion of an individual loan, provided the loan is a
loan secured by real estate. (Exclude SBA “Guaranteed Loan Pool Certificates,” which
represent an undivided interest in a pool of SBA-guaranteed portions of loans. SBA
“Guaranteed Loan Pool Certificates” should be reported as securities in Schedule RC-B,
item 2, or, if held for trading, in Schedule RC, item 5.)

FFIEC 031 and 041

RC-C-2b
(6-24)

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FFIEC 031 and 041

RC-C - LOANS AND LEASES

Part I. (cont.)
Item No.

Caption and Instructions

1
(cont.)

Exclude from loans secured by real estate:
(1) Obligations (other than securities and leases) of states and political subdivisions in the
U.S. that are secured by real estate (report in Schedule RC-C, part I, item 8).
(2) All loans and sales contracts indirectly representing other real estate (report in
Schedule RC, item 7, "Other real estate owned").
(3) Loans to real estate companies, real estate investment trusts, mortgage lenders, and
foreign non-governmental entities that specialize in mortgage loan originations and that
service mortgages for other lending institutions when the real estate mortgages or similar
liens on real estate are not sold to the bank but are merely pledged as collateral (report in
Schedule RC-C, part I, item 2, "Loans to depository institutions and acceptances of other
banks," or item 9.a, “Loans to nondepository financial institutions,” as appropriate).
(4) Bonds issued by the Federal National Mortgage Association or by the Federal Home
Loan Mortgage Corporation that are collateralized by residential mortgages (report in
Schedule RC-B, item 2, "U.S. Government agency and sponsored agency obligations").
(5) Pooled residential mortgages for which participation certificates have been issued or
guaranteed by the Government National Mortgage Association, the Federal National
Mortgage Association, or the Federal Home Loan Mortgage Corporation (report in
Schedule RC-B, item 4.a). However, if the reporting bank is the seller-servicer of the
residential mortgages backing such securities and, as a result of a change in
circumstances, it must rebook any of these mortgages because one or more of the
conditions for sale accounting in ASC Topic 860, Transfers and Servicing (formerly
FASB Statement No. 140, “Accounting for Transfers and Servicing of Financial Assets
and Extinguishments of Liabilities,” as amended by FASB Statement No. 166,
“Accounting for Transfers of Financial Assets”), are no longer met, the rebooked
mortgages should be included in Schedule RC-C, part I, as loans secured by real estate.

1.a

Construction, land development, and other land loans. Report in the appropriate subitem
(on the FFIEC 041, in column B; on the FFIEC 031, in columns A and B for large institutions
and highly complex institutions – as defined for assessment purposes – with foreign offices,
and in column B for all other institutions with foreign offices) loans secured by real estate
made to finance (a) land development (i.e., the process of improving land – laying sewers,
water pipes, etc.) preparatory to erecting new structures or (b) the on-site construction of
industrial, commercial, residential, or farm buildings. For purposes of this item, "construction"
includes not only construction of new structures, but also additions or alterations to existing
structures and the demolition of existing structures to make way for new structures.
Also include in this item:
(1) Loans secured by vacant land, except land known to be used or usable for agricultural
purposes, such as crop and livestock production (which should be reported in
Schedule RC-C, part I, item 1.b, below, as loans secured by farmland).
(2) Loans secured by real estate the proceeds of which are to be used to acquire and
improve developed and undeveloped property.

FFIEC 031 and 041

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FFIEC 031 and 041

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Part I. (cont.)
Item No.

Caption and Instructions

1.a
(cont.)

(3) Loans made under Title I or Title X of the National Housing Act that conform to the
definition of construction stated above and that are secured by real estate.
Loans written as combination construction-permanent loans secured by real estate should be
reported in this item until construction is completed or principal amortization payments begin,
whichever comes first. When the first of these events occurs, the loans should begin to be
reported in the real estate loan category in Schedule RC-C, part I, item 1, appropriate to the
real estate collateral. For purposes of these reports, a combination construction-permanent
loan arises when the lender enters into a contractual agreement with the original borrower at
the time the construction loan is originated to also provide the original borrower with
permanent financing that amortizes principal after construction is completed and a certificate
of occupancy is obtained (if applicable). This construction-permanent loan structure is
intended to apply to situations where, at the time the construction loan is originated, the
original borrower:
•

•

Is expected to be the owner-occupant of the property upon completion of construction
and receipt of a certificate of occupancy (if applicable), for example, where the financing
is being provided to the original borrower for the construction and permanent financing of
the borrower’s residence or place of business, or
Is not expected to be the owner-occupant of the property, but repayment of the
permanent loan will be derived from rental income associated with the property being
constructed after receipt of a certificate of occupancy (if applicable) rather than from the
sale of the property being constructed.

All construction loans secured by real estate, other than combination construction-permanent
loans as described above, should continue to be reported in this item after construction is
completed unless and until (1) the loan is refinanced into a new permanent loan by the
reporting bank or is otherwise repaid, (2) the bank acquires or otherwise obtains physical
possession of the underlying collateral in full satisfaction of the debt, or (3) the loan is
charged off. For purposes of these reports, a construction loan is deemed to be refinanced
into a new permanent loan only if the bank originates:
•
•

An amortizing permanent loan to a new borrower (unrelated to the original borrower) who
has purchased the real property, or
A prudently underwritten new amortizing permanent loan at market terms to the original
borrower – including an appropriate interest rate, maturity, and loan-to-value ratio – that
is no longer dependent on the sale of the property for repayment. The loan should have
a clearly identified ongoing source of repayment sufficient to service the required
principal and interest payments over a reasonable and customary period relative to the
type of property securing the new loan. A new loan to the original borrower not meeting
these criteria (including a new loan on interest-only terms or a new loan with a short-term
balloon maturity that is inconsistent with the ongoing source of repayment criterion)
should continue to be reported as a “Construction, land development, and other land
loan” in the appropriate subitem of Schedule RC-C, part I, item 1.a.

Exclude loans to finance construction and land development that are not secured by real
estate (report in other items of Schedule RC-C, part I, as appropriate).

FFIEC 031 and 041

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(6-19)

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FFIEC 031 and 041

RC-C - LOANS AND LEASES

Part I. (cont.)
Item No.

Caption and Instructions

1.a.(1)

1-4 family residential construction loans. Report (on the FFIEC 041, in column B; on the
FFIEC 031, in columns A and B for large institutions and highly complex institutions – as
defined for assessment purposes – with foreign offices, and in column B for all other
institutions with foreign offices) the amount outstanding of 1-4 family residential construction
loans, i.e., loans for the purpose of constructing 1-4 family residential properties, which will
secure the loan. The term “1-4 family residential properties” is defined in Schedule RC-C,
Part I, item 1.c, below. “1-4 family residential construction loans” include:
•
•
•
•
•

•
•
•

•

Construction loans to developers secured by tracts of land on which 1-4 family residential
properties, including townhouses, are being constructed.
Construction loans secured by individual parcels of land on which single 1-4 family
residential properties are being constructed.
Construction loans secured by single-family dwelling units in detached or semidetached
structures, including manufactured housing.
Construction loans secured by duplex units and townhouses, excluding garden apartment
projects where the total number of units that will secure the permanent mortgage is
greater than four.
Construction loans secured by buildings in which individual condominium dwelling units
or individual cooperative housing units are being constructed, even if the buildings have
five or more units, where repayment will come from sales of individual condominium
dwelling units or interests in individual cooperative housing units, which are 1-4 family
residential properties.
Combination land and construction loans on 1-4 family residential properties, regardless
of the current stage of construction or development.
Combination construction-permanent loans on 1-4 family residential properties until
construction is completed or principal amortization payments begin, whichever comes
first.
Loans secured by apartment buildings undergoing conversion to condominiums or
cooperatives, regardless of the extent of planned construction or renovation, where
repayment will come from sales of individual condominium dwelling units or interests in
individual cooperative housing units, which are 1-4 family residential properties.
Bridge loans to developers on 1-4 family residential properties where the buyer will not
assume the same loan, even if construction is completed or principal amortization
payments have begun.

1.a.(2)

Other construction loans and all land development and other land loans. Report (on the
FFIEC 041, in column B; on the FFIEC 031, in columns A and B for large institutions and
highly complex institutions – as defined for assessment purposes – with foreign offices, and
in column B for all other institutions with foreign offices) the amount outstanding of all
construction loans for purposes other than constructing 1-4 family residential properties, all
land development loans, and all other land loans. Include loans for the development of
building lots and loans secured by vacant land, unless the same loan finances the
construction of 1-4 family residential properties on the property.

1.b

Secured by farmland. Report (on the FFIEC 041, in column B; on the FFIEC 031, in
columns A and B for large institutions and highly complex institutions – as defined for
assessment purposes – with foreign offices, and in column B for all other institutions with
foreign offices) loans secured by farmland and improvements thereon, as evidenced by
mortgages or other liens. Farmland includes all land known to be used or usable for
agricultural purposes, such as crop and livestock production. Farmland includes grazing or
pasture land, whether tillable or not and whether wooded or not.

FFIEC 031 and 041

RC-C-5
(12-20)

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FFIEC 031 and 041

RC-C - LOANS AND LEASES

Part I. (cont.)
Item No.

Caption and Instructions

1.b
(cont.)

Include loans secured by farmland that are guaranteed by the Farmers Home Administration
(FmHA) or by the Small Business Administration (SBA) and that are extended, serviced, and
collected by any party other than FmHA or SBA.
Exclude loans for farm property construction and land development purposes (report in
Schedule RC-C, Part I, item 1.a).

1.c

Secured by 1-4 family residential properties. Report in the appropriate subitem (on the
FFIEC 041, in column B; on the FFIEC 031, in columns A and B for large institutions and
highly complex institutions – as defined for assessment purposes – with foreign offices, and
in column B for all other institutions with foreign offices) open-end and closed-end loans
secured by real estate as evidenced by mortgages (FHA, FmHA, VA, or conventional) or
other liens on:
(1) Nonfarm property containing 1-to-4 dwelling units (including vacation homes) or more
than four dwelling units if each is separated from other units by dividing walls that extend
from ground to roof (e.g., row houses, townhouses, or the like).
(2) Mobile homes where (a) state laws define the purchase or holding of a mobile home as
the purchase or holding of real property and where (b) the loan to purchase the mobile
home is secured by that mobile home as evidenced by a mortgage or other instrument on
real property.
(3) Individual condominium dwelling units and loans secured by an interest in individual
cooperative housing units, even if in a building with five or more dwelling units.
(4) Housekeeping dwellings with commercial units combined where use is primarily
residential and where only 1-to-4 family dwelling units are involved.
A home equity line of credit (HELOC) is a revolving open-end line of credit secured by a lien
on a 1-to-4 family residential property that generally provides a draw period followed by a
repayment period. During the draw period, a borrower has revolving access to unused
amounts under a specified line of credit. During the repayment period, the borrower can no
longer draw on the line of credit and the outstanding principal is either due immediately in a
balloon payment or repaid over the remaining term through monthly payments. HELOCs in
the draw period or in the repayment period should be reported in Schedule RC-C, Part I,
item 1.c.(1).1 Beginning March 31, 2021, revolving open-end lines of credit that are no longer
in the draw period and have converted to non-revolving closed-end status also should be
reported in Schedule RC-C, Part I, Memorandum item 16.
Reverse 1-4 family residential mortgages should be reported in the appropriate subitem
based on whether they are closed-end or open-end mortgages. A reverse mortgage is an
arrangement in which a homeowner borrows against the equity in his/her home and receives
cash either in a lump sum or through periodic payments. However, unlike a traditional
mortgage loan, no payment is required until the borrower no longer uses the home as his or
her principal residence. Cash payments to the borrower after closing, if any, and accrued

1 All HELOCs that convert to non-revolving, closed-end status on or after January 1, 2021, must be reported as

open-end loans in Schedule RC-C, Part I, item 1.c.(1). An institution that, as of March 31, 2020, reports HELOCs
that convert to non-revolving, closed-end status as closed-end loans in Schedule RC-C, Part I, item 1.c.(2)(a) or
1.c.(2)(b), as appropriate, may continue to report HELOCs that convert on or before December 31, 2020, as closedend loans in Call Reports for report dates after that date. Alternatively, the institution may choose to begin reporting
some or all of these closed-end HELOCs as open-end loans in item 1.c.(1) as of the March 31, 2020, or any
subsequent report date, provided this reporting treatment is consistently applied.

FFIEC 031 and 041

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(12-20)

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FFIEC 031 and 041

RC-C - LOANS AND LEASES

Part I. (cont.)
Item No.

Caption and Instructions

1.c
(cont.)

interest are added to the principal balance. These loans may have caps on their maximum
principal balance or they may have clauses that permit the cap on the maximum principal
balance to be increased under certain circumstances. Homeowners generally have one of
the following options for receiving tax free loan proceeds from a reverse mortgage: (1) one
lump sum payment; (2) a line of credit; (3) fixed monthly payments to homeowner either for a
specified term or for as long as the homeowner lives in the home; or (4) a combination of the
above.
Reverse mortgages that provide for a lump sum payment to the borrower at closing, with no
ability for the borrower to receive additional funds under the mortgage at a later date, should
be reported as closed-end loans in Schedule RC-C, Part I, item 1.c.(2). Normally, closed-end
reverse mortgages are first liens and would be reported in Schedule RC-C, Part I,
item 1.c.(2)(a). Reverse mortgages that are structured like home equity lines of credit in
that they provide the borrower with additional funds after closing (either as fixed monthly
payments, under a line of credit, or both) should be reported as open-end loans in
Schedule RC-C, Part I, item 1.c.(1). Open-end reverse mortgages also are normally first
liens. Where there is a combination of both a lump sum payment to the borrower at closing
and payments after the closing of the loan, the reverse mortgage should be reported as an
open-end loan in Schedule RC-C, Part I, item 1.c.(1).
Exclude loans for 1-to-4 family residential property construction and land development
purposes (report in Schedule RC-C, Part I, item 1.a.(1)). Also exclude loans secured by
vacant lots in established single-family residential sections or in areas set aside primarily for
1-to-4 family homes (report in Schedule RC-C, Part I, item 1.a.(2)).

1.c.(1)

Revolving, open-end loans secured by 1-4 family residential properties and extended
under lines of credit. Report (on the FFIEC 041, in column B; on the FFIEC 031, in
columns A and B for large institutions and highly complex institutions – as defined for
assessment purposes – with foreign offices, and in column B for all other institutions with
foreign offices) the amount outstanding under revolving, open-end lines of credit secured by
1-to-4 family residential properties, i.e., HELOCs.
Include revolving, open-end lines of credit secured by 1-to-4 family residential properties
for which the draw periods have ended and the loans have converted to non-revolving
closed-end status.1 After their conversion, such loans should also be reported in
Schedule RC-C, Part I, Memorandum item 16, beginning March 31, 2021.
Also include amounts drawn on a HELOC during its draw period that the borrower has
converted to a closed-end loan before the end of this period (sometimes referred to as a
HELOC flex product).

1.c.(2)

Closed-end loans secured by 1-4 family residential properties. Report in the appropriate
subitem (on the FFIEC 041, in column B; on the FFIEC 031, in columns A and B for large
institutions and highly complex institutions – as defined for assessment purposes – with
foreign offices, and in column B for all other institutions with foreign offices) the amount of all
closed-end loans secured by 1-to-4 family residential properties (i.e., closed-end first
mortgages and junior liens).

1 See footnote 1 in the instructions for Schedule RC-C, Part I, item 1.c.

FFIEC 031 and 041

RC-C-6a
(3-20)

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FFIEC 031 and 041

RC-C - LOANS AND LEASES

Part I. (cont.)
Item No.

Caption and Instructions

1.c.(2)
(cont.)

Exclude loans that were extended under revolving, open-end lines of credit secured by 1-to-4
family residential properties for which the draw periods have ended and the loans have
converted to non-revolving closed-end status (report in Schedule RC-C, Part I, item 1.c.(1)
above).1

1.c.(2)(a)

Secured by first liens. Report (on the FFIEC 041, in column B; on the FFIEC 031, in
columns A and B for large institutions and highly complex institutions – as defined for
assessment purposes – with foreign offices, and in column B for all other institutions with
foreign offices) the amount of all closed-end loans secured by first liens on 1-to-4 family
residential properties.

1.c.(2)(b)

Secured by junior liens. Report (on the FFIEC 041, in column B; on the FFIEC 031, in
columns A and B for large institutions and highly complex institutions – as defined for
assessment purposes – with foreign offices, and in column B for all other institutions with
foreign offices) the amount of all closed-end loans secured by junior (i.e., other than first)
liens on 1-to-4 family residential properties. Include loans secured by junior liens in this item
even if the bank also holds a loan secured by a first lien on the same 1-to-4 family residential
property and there are no intervening junior liens.

1.d

Secured by multifamily (5 or more) residential properties. Report (on the FFIEC 041, in
column B; on the FFIEC 031, in columns A and B for large institutions and highly complex
institutions – as defined for assessment purposes – with foreign offices, and in column B for
all other institutions with foreign offices) all other nonfarm residential loans secured by real
estate as evidenced by mortgages (FHA and conventional) or other liens that are not
reportable in Schedule RC-C, Part I, item 1.c. Specifically, include loans on:
(1) Nonfarm properties with 5 or more dwelling units in structures (including apartment
buildings and apartment hotels) used primarily to accommodate households on a more or
less permanent basis.
(2) 5 or more unit housekeeping dwellings with commercial units combined where use is
primarily residential.
(3) Cooperative-type apartment buildings containing 5 or more dwelling units.
Exclude loans for multifamily residential property construction and land development
purposes and loans secured by vacant lots in established multifamily residential sections or in
areas set aside primarily for multifamily residential properties (report in Schedule RC-C,
Part I, item 1.a.(2)). Also exclude loans secured by nonfarm nonresidential properties (report
in Schedule RC-C, Part I, item 1.e).

1.e

Secured by nonfarm nonresidential properties. Report in the appropriate subitem (on the
FFIEC 041, in column B; on the FFIEC 031, in columns A and B for large institutions and
highly complex institutions – as defined for assessment purposes – with foreign offices, and
in column B for all other institutions with foreign offices) loans secured by real estate as
evidenced by mortgages or other liens on nonfarm nonresidential properties, including
business and industrial properties, hotels, motels, churches, hospitals, educational and

1 See footnote 1 in the instructions for Schedule RC-C, Part I, item 1.c.

FFIEC 031 and 041

RC-C-6b
(3-20)

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FFIEC 031 and 041

RC-C - LOANS AND LEASES

Part I. (cont.)
Item No.

Caption and Instructions

1.e
(cont.)

charitable institutions, dormitories, clubs, lodges, association buildings, "homes" for aged
persons and orphans, golf courses, recreational facilities, and similar properties.
Exclude loans for nonfarm nonresidential property construction and land development
purposes and loans secured by vacant lots in established nonfarm nonresidential sections or
in areas set aside primarily for nonfarm nonresidential properties (report in Schedule RC-C,
Part I, item 1.a.(2)).
For purposes of reporting loans in Schedule RC-C, Part I, items 1.e.(1) and 1.e.(2), below,
the determination as to whether a nonfarm nonresidential property is considered “owneroccupied” should be made upon acquisition (origination or purchase) of the loan. Once a
bank determines whether a loan should be reported as “owner-occupied” or not, this
determination need not be reviewed thereafter.

1.e.(1)

Loans secured by owner-occupied nonfarm nonresidential properties. Report (on the
FFIEC 041, in column B; on the FFIEC 031, in columns A and B for large institutions and
highly complex institutions – as defined for assessment purposes – with foreign offices, and
in column B for all other institutions with foreign offices) the amount of loans secured by
owner-occupied nonfarm nonresidential properties.
“Loans secured by owner-occupied nonfarm nonresidential properties” are those nonfarm
nonresidential property loans for which the primary source of repayment is the cash flow
from the ongoing operations and activities conducted by the party, or an affiliate of the party,
who owns the property. Thus, for loans secured by owner-occupied nonfarm nonresidential
properties, the primary source of repayment is not derived from third party, nonaffiliated,
rental income associated with the property (i.e., any such rental income is less than
50 percent of the source of repayment) or the proceeds of the sale, refinancing, or permanent
financing of the property. Include loans secured by hospitals, golf courses, recreational
facilities, and car washes unless the property is owned by an investor who leases the
property to the operator who, in turn, is not related to or affiliated with the investor (in which
case, the loan should be reported in Schedule RC-C, Part I, item 1.e.(2), below). Also
include loans secured by churches unless the property is owned by an investor who leases
the property to the congregation (in which case, the loan should be reported in
Schedule RC-C, Part I, item 1.e.(2), below).

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FFIEC 031 and 041

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Part I. (cont.)
Item No.

Caption and Instructions

1.e.(2)

Loans secured by other nonfarm nonresidential properties. Report (on the FFIEC 041,
in column B; on the FFIEC 031, in columns A and B for large institutions and highly complex
institutions – as defined for assessment purposes – with foreign offices, and in column B for
all other institutions with foreign offices) the amount of nonfarm nonresidential real estate
loans that are not secured by owner-occupied nonfarm nonresidential properties.
“Loans secured by other nonfarm nonresidential properties” are those nonfarm nonresidential
property loans where the primary source of repayment is derived from rental income
associated with the property (i.e., loans for which 50 percent or more of the source of
repayment comes from third party, nonaffiliated, rental income) or the proceeds of the sale,
refinancing, or permanent financing of the property. Include loans secured by hotels, motels,
dormitories, nursing homes, assisted-living facilities, mini-storage warehouse facilities, and
similar properties in this item as loans secured by other nonfarm nonresidential properties.
In some instances, it may be appropriate to report loans secured by nursing homes or
assisted-living facilities in Schedule RC-C, Part I, item 1.e.(1), “Loans secured by owneroccupied nonfarm nonresidential properties.” The owner-occupied determination for a loan
secured by a nursing home or an assisted-living facility is based on whether 50 percent or
more of the source of repayment for the loan comes from the cash flow from the ongoing
operations and activities, such as medical or maintenance services, conducted by the party,
or an affiliate of the party, who owns the property rather than from third party, nonaffiliated,
rental income associated with the property or the proceeds from residents or patients
exercising “buy-in” options or “purchase” options on particular units.

2

Loans to depository institutions and acceptances of other banks. Report all loans (other
than those that meet the definition of a “loan secured by real estate”), including overdrafts, to
banks, other depository institutions, and other associations, companies, and financial
intermediaries whose primary business is to accept deposits and to extend credit for business
or for personal expenditure purposes and the bank’s holdings of all bankers acceptances
accepted by other banks that are not held for trading. Acceptances accepted by other banks
may be purchased in the open market or discounted by the reporting bank. For further
information, see the Glossary entry for “bankers acceptances.”
On the FFIEC 041, all banks should report the total amount of these loans and acceptances
in column B, and banks with $300 million or more in total assets should also report in the
appropriate subitems of column A a breakdown of these loans among three categories of
depository institutions. On the FFIEC 031, all banks should report a breakdown of loans to
depository institutions and acceptances of other banks among five categories of depository
institutions for the fully consolidated bank in column A and a breakdown of these loans and
acceptances among three categories of depository institutions for domestic offices in
column B.
Depository institutions cover:
(1) commercial banks in the U.S., including:
(a) U.S. branches and agencies of foreign banks, U.S. branches and agencies of foreign
official banking institutions, and investment companies that are chartered under
Article XII of the New York State banking law and are majority-owned by one or more
foreign banks; and
(b) all other commercial banks in the U.S., i.e., U.S. branches of U.S. banks;

FFIEC 031 and 041

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Part I. (cont.)
Item No.

Caption and Instructions

2
(cont.)

(2) depository institutions in the U.S., other than commercial banks, including:
(a) credit unions;
(b) mutual or stock savings banks;
(c) savings or building and loan associations;
(d) cooperative banks; and
(e) other similar depository institutions; and
(3) banks in foreign countries, including:
(a) foreign-domiciled branches of other U.S. banks; and
(b) foreign-domiciled branches of foreign banks.
See the Glossary entry for "banks, U.S. and foreign" and "depository institutions in the U.S."
for further discussion of these terms.
Include as loans to depository institutions and acceptances of other banks:
(1) Loans to depository institutions for which the collateral is a mortgage instrument and not
the underlying real property. Report loans to depository institutions where the collateral
is the real estate itself, as evidenced by mortgages or similar liens, in Schedule RC-C,
part I, item 1.
(2) Purchases of mortgages and other loans under agreements to resell that do not involve
the lending of immediately available funds or that mature in more than one business day,
if acquired from depository institutions.
(3) The reporting bank's own acceptances discounted and held in its portfolio when the
account party is another depository institution.
Exclude from loans to depository institutions:
(1)

All transactions reportable in Schedule RC, item 3, "Federal funds sold and securities
purchased under agreements to resell."

(2)

Loans that meet the definition of a “loan secured by real estate,” even if extended to
depository institutions (report in Schedule RC-C, part I, item 1).

(3)

Loans to holding companies of depository institutions (report in Schedule RC-C, part I,
item 9.a, “Loans to nondepository financial institutions”).

(4)

Loans to real estate investment trusts and to mortgage companies that specialize in
mortgage loan originations and warehousing or in mortgage loan servicing (report in
Schedule RC-C, part I, item 9.a, “Loans to nondepository financial institutions”).

(5)

Loans to finance companies and insurance companies (report in Schedule RC-C, part I,
item 9.a, “Loans to nondepository financial institutions”).

FFIEC 031 and 041

RC-C-8
(3-25)

RC-C - LOANS AND LEASES

FFIEC 031 and 041

RC-C - LOANS AND LEASES

Part I. (cont.)
Item No.

Caption and Instructions

2
(cont.)

(6)

Loans to brokers and dealers in securities, investment companies, and mutual funds
(report as “Loans to nondepository financial institutions” in Schedule RC-C, Part I,
item 9.a or as Schedule RC-C, Part I, item 9.b “Other Loans” and item 9.b.1 "Loans for
purchasing or carrying securities, including margin loans," as appropriate).

(7)

Loans to Small Business Investment Companies (report in Schedule RC-C, Part I,
item 9.a, “Loans to nondepository financial institutions”).

(8)

Loans for the purpose of purchasing or carrying securities, including margin loans (as
described in Federal Reserve Regulation U), and loans to "plan lenders" (as defined in
Federal Reserve Regulation G) (report as loans for purchasing or carrying securities in
Schedule RC-C, Part I, item 9.b or item 9.b.1, as appropriate).

(9)

Loans to federally-sponsored lending agencies (report in Schedule RC-C, Part I,
item 9.a, “Loans to nondepository financial institutions”). Refer to the Glossary entry for
"Federally-Sponsored Lending Agency" for the definition of this term.

(10) Dollar exchange acceptances created by foreign governments and official institutions
(report in Schedule RC-C, part I, item 7, on the FFIEC 031; Schedule RC-C, Part I,
item 9.b, on the FFIEC 041).
(11) Loans to foreign governments and official institutions, including foreign central banks
(report in Schedule RC-C, part I, item 7, on the FFIEC 031; Schedule RC-C, Part I,
item 9.b, on the FFIEC 041). See the Glossary entry for "Foreign Governments and
Official Institutions" for the definition of this term.
(12) Acceptances accepted by the reporting bank, discounted, and held in its portfolio, when
the account party is not another depository institution. Report such acceptances in
other items of Schedule RC-C, Part I, according to the account party.
NOTE: Items 2.a is not applicable to banks filing the FFIEC 041 report forms that have less than
$300 million in total assets.
2.a

To commercial banks in the U.S. On the FFIEC 041, report all loans to and acceptances of
other commercial banks in the U.S. On the FFIEC 031, report the total amount of all loans to
and acceptances of other commercial banks in the U.S. held in domestic offices in column B,
and a breakdown of these loans and acceptances for the fully consolidated bank between
those to U.S. branches and agencies of foreign banks and those to other commercial banks
in the U.S. in the appropriate subitems of column A.
Refer to the instruction to Schedule RC-C, Part I, item 2, above, and to the Glossary entry for
"Banks, U.S. and Foreign" for further discussion of the term "commercial banks in the U.S."
Exclude from Schedule RC-C, Part I, item 2.a, loans to other domestic depository institutions
such as savings banks, savings and loan associations, and credit unions (report in
Schedule RC-C, Part I, item 2.b, below).

FFIEC 031 and 041

RC-C-8a
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RC-C - LOANS AND LEASES

FFIEC 031 and 041

RC-C - LOANS AND LEASES

Part I. (cont.)
Item No.

Caption and Instructions

NOTE: Items 2.a.(1) and 2.a.(2) are not applicable to banks filing the FFIEC 041 report forms.
2.a.(1)

To U.S. branches and agencies of foreign banks. On the FFIEC 031, report in column A
all loans to and acceptances of U.S. branches and agencies of foreign banks.
Exclude loans to U.S. offices of U.S.-chartered banks that are owned by foreign banks or by
foreign official banking institutions (report in Schedule RC-C, part I, item 2.a.(2), below).

2.a.(2)

To other commercial banks in the U.S. On the FFIEC 031, report in column A all loans to
and acceptances of commercial banks in the U.S., other than U.S. branches and agencies of
foreign banks.

NOTE: Item 2.b is not applicable to banks filing the FFIEC 041 report forms that have less than
$300 million in total assets.
2.b

To other depository institutions in the U.S. Report (on the FFIEC 041, in column A; on the
FFIEC 031, in columns A and B, as appropriate) loans to and acceptances of depository
institutions, other than commercial banks