Instructions for Preparation of the Report of Assets and ...

1 federal financial institutions examination council Instructions for Preparation of the Report of Assets and liabilities of Branches and Agencies of Foreign Banks Reporting Form FFIEC 002. Issued June 2001. Contents for FFIEC 002 Instructions GENERAL Instructions . Who Must Report .. GEN-1. Where and When to Submit the Report .. GEN-1. Submission Date .. GEN-1. Scope of the Report .. GEN-2. Signatures and Attestation .. GEN-2. Release of Individual Branch and Agency Reports .. GEN-2. Amended Reports .. GEN-3.

2 Organization of Instruction Book .. GEN-3. Preparation of Information to be Reported .. GEN-3. Accounting Basis .. GEN-3. Applicability of Generally Accepted Accounting Principles to Regulatory Reporting Requirements .. GEN-3. Completion of the Report Form .. GEN-4. Consolidation of Subsidiaries .. GEN-4. Negative Entries .. GEN-4. Foreign Currency Translation .. GEN-4. Rounding .. GEN-4. Verification .. GEN-4. Instructions for Preparation of Reporting Form FFIEC 002 Contents-1. June 2001. Contents LINE ITEM Instructions .

3 Schedule RAL Assets and liabilities .. RAL- 1. Schedule A Cash and Balances Due from Depository institutions .. A- 1. Schedule C Loans .. C- 1. Part I. Loans and Leases .. C- 1. Part II. Loans to Small Businesses and Small Farms .. C-11. Schedule E Deposit liabilities and Credit Balances .. E- 1. Schedule K Quarterly Averages .. K- 1. Schedule L Derivatives and Off-Balance Sheet Items .. L- 1. Schedule M Due From/Due To Related institutions in the and in Foreign Countries .. M- 1. Schedule N Past Due, Nonaccrual, and Restructured Loans.

4 N- 1. Schedule O Other Data for Deposit Insurance Assessments .. O- 1. Schedule P Other Borrowed Money .. P- 1. Schedule S Securitization and asset Sale Activities .. S- 1. Schedule T Fiduciary and Related Services .. T- 1. Contents-2 Instructions for Preparation of Reporting Form FFIEC 002. June 2001. Contents GLOSSARY. Accounting Errors, Corrections of .. GL- 1. Accounting Principles, Changes in .. GL- 1. Accretion of Discount on Securities .. GL- 1. Accrual of Loss Contingencies .. GL- 1. Allowance for Loan Losses.

5 GL- 1. Amortization of Premiums on Securities .. GL- 2. Bankers Acceptances .. GL- 2. Banks, and Foreign .. GL- 6. Brokered Deposits .. GL- 7. Broker's Security Draft .. GL- 7. Commercial Paper .. GL- 7. Commodity or Bill-of-Lading Draft .. GL- 7. Credit Balances .. GL- 8. Custody Account .. GL- 8. Depository institutions in the .. GL- 8. Deposits .. GL- 8. Derivative Contracts .. GL-15. Domicile .. GL-20. Due Bills .. GL-21. Edge and Agreement Corporation .. GL-21. Extinguishments of liabilities .. GL-21.

6 Fails .. GL-21. federal Funds Transactions .. GL-21. Federally-Sponsored Lending Agency .. GL-22. Foreign Currency Transactions .. GL-22. Foreign Governments and Official institutions .. GL-22. Hypothecated Deposit .. GL-23. Internal-Use Computer Software .. GL-23. International Banking Facility (IBF) .. GL-24. Lease Accounting .. GL-24. Letter of Credit .. GL-25. Loan .. GL-26. Loans Secured by Real Estate .. GL-27. Market Value of Securities .. GL-27. Nonaccrual of Interest .. GL-27. Offsetting .. GL-28.

7 Instructions for Preparation of Reporting Form FFIEC 002 Contents-3. March 1999. Contents Overdraft .. GL-29. Pass-through Reserve Balances .. GL-29. Placements .. GL-30. Premiums and Discounts .. GL-30. Reciprocal Balances .. GL-31. Related institutions .. GL-31. Repurchase/Resale Agreements .. GL-31. Securities Activities .. GL-33. Securities Borrowing/Lending Transactions .. GL-34. Shell Branches .. GL-35. Short Position .. GL-35. Suspense Accounts .. GL-35. Syndications .. GL-35. Trade Date and Settlement Date Accounting.

8 GL-36. Trading Account .. GL-36. Transactions with Related institutions .. GL-37. Transfers of financial Assets .. GL-37. Territories and Possessions .. GL-40. Valuation Allowance .. GL-40. When-Issued Securities Transactions .. GL-40. APPENDIX. List of the Address and Telephone Number for Each federal Reserve Bank .. AP- 1. Contents-4 Instructions for Preparation of Reporting Form FFIEC 002. March 1999. Instructions for Preparation of the Report of Assets and liabilities of Branches and Agencies of Foreign Banks General Instructions the Report electronically should contact the appropriate district federal Reserve Bank for Instructions .

9 Who Must Report Submission Date Pursuant to the supervisory responsibilities assigned to the Board of Governors of the federal Reserve System, The term submission date'' is defined as the date by the Office of the Comptroller of the Currency, and the which a completed original Report must be received by federal Deposit Insurance Corporation by the Interna- the appropriate district federal Reserve Bank. Reports tional Banking Act (IBA) of 1978, every branch and must be received no more than 30 days after the Report agency of a foreign bank as defined in the Act is required date (subject to the timely filing provisions set forth in to file each quarter the Report entitled Report of Assets the following paragraph).

10 For example, the December 31. and liabilities of Branches and Agencies of Foreign Report must be received by January 30. Earlier submis- Banks'' (FFIEC 002), including its supporting schedules sion would aid the federal Reserve in reviewing and (except for Schedule O, Other Data for Deposit Insur- processing the reports and is encouraged. No extensions ance Assessments,'' and Part II in Schedule C, Loans of time for submitting reports are granted. to Small Businesses and Small Farms,'' which only branches whose deposits are insured by the federal The filing of a branch or agency's completed Report will Deposit Insurance Corporation (FDIC) are required to be considered timely, regardless of when the reports are complete and submit as part of the FFIEC 002 Report ).