Full text of District Notices (Federal Reserve Bank of Dallas) : [Credit Unions With Total Deposits Between $2 and $15 Million Begin Filing Quarterly Reserve Reports January 1981 Under the Monetary Control Act], Circular No. 81-5B

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F ed eral R eser ve Ba n k

DALLAS, TEXAS

D allas

75222
C i r c u l a r N o. 8 1 - 5 (B)
J a n u a r y 7 , 1981

TO THE CHIEF EXECUTIVE OFFICER OF CREDIT UNIONS
SU BJEC T TO RESERVE REPORTING AND MAINTENANCE
UNDER THE MONETARY CONTROL ACT OF 1980:
T h e D e p o s ito r y I n s tit u ti o n s D e r e g u la tio n a n d M o n e ta ry C o n tr o l A ct of
1980 w e n t in to e ffec t d u r i n g t h e fa ll of 1980. R e s e r v e r e p o r t i n g u n d e r th is Act
w a s d e f e r r e d fo r s m a l l e r f in a n c ia l i n s t i t u t i o n s . T h o s e in s t i t u t i o n s h a v i n g total
d e p o s i t s b e t w e e n $2 a n d $15 m illio n a s of D e c e m b e r 31, 1979 m u s t b e g i n f ilin g
q u a r t e r l y r e g u l a t o r y r e p o r t s o n fo rm FR 2900 b e g i n n i n g i n J a n u a r y 1981. I n s t i
tu tio n s e x c e e d in g t h e $15 m illio n d e p o s it le v e l o n two c o n s e c u t iv e q u a r t e r l y
r e p o r t s w ill b e r e q u i r e d to b e g i n f ilin g w e e k ly r e p o r t s . W eekly r e p o r t i n g w ill
b e g i n for t h e w e e k fo llo w in g th e s e c o n d c o n s e c u t iv e q u a r t e r l y r e p o r t in d i c a t i n g
total d e p o s i t s of $15 m illio n o r m o r e . T h e F e d e r a l R e s e r v e 's d e fin itio n of total
d e p o s i t s is i n d i c a t e d o n p a g e s 6-9 of th e e n c l o s e d i n s t r u c t i o n b o o k le t.
Y o u r c r e d i t u n io n s h o u l d co m p lete a r e s e r v e r e p o r t fo r th e s e v e n - d a y
p e r i o d , J a n u a r y 15-21, 1981. E n c lo s e d fo r y o u r u s e a r e two c o p ie s of r e p o r t i n g
fo rm FR 2900, a n i n s t r u c t i o n b o o k le t, a n d a p r e - a d d r e s s e d r e t u r n e n v e l o p e .
C e r t a i n e u r o c u r r e n c y b o r r o w i n g s a r e a ls o s u b j e c t to r e s e r v e r e q u i r e m e n t s . A
c o p y of r e p o r t form FR 2950 i s a ls o e n c l o s e d , a n d i t s h o u l d b e file d w ith th e
F e d e r a l R e s e r v e if y o u r i n s t i t u t i o n h a d r e p o r t a b l e e u r o c u r r e n c y l i a b il it ie s d u r i n g
th e r e p o r t i n g p e r i o d . C o m p le te d r e p o r t s s h o u l d b e m a ile d to r e a c h th e F e d e r a l
R e s e r v e B a n k o r B r a n c h o ffice b y F r i d a y , J a n u a r y 23.
If y o u r c r e d i t u n io n h a s r e s e r v e r e q u i r e m e n t s o n th e b a l a n c e s r e p o r t e d
i n J a n u a r y t h e y s h o u l d b e m a in ta in e d w ith t h e F e d e r a l R e s e r v e d u r i n g th e p e r i o d
M a rc h 19 t h r o u g h J u n e 17, 1981. P e r i o d i c s ta te m e n ts w ill b e p r o v i d e d fo r i n s t i
tu tio n s r e q u i r e d to m a in ta in r e s e r v e s w ith th e F e d e r a l R e s e r v e . A fte r th e F e d e r a l
R e s e r v e h a s c o m p le te d p r o c e s s i n g of th e J a n u a r y r e p o r t s , f in a n c ia l i n s t i t u t i o n s
w ill b e d i v i d e d in to t h r e e g r o u p s . E a c h g r o u p w ill file a r e s e r v e r e p o r t fo r o n e
w e e k e a c h q u a r t e r . T h e r e p o r t i n g w e e k w ill a lw a y s b e g i n o n th e t h i r d T h u r s d a y
of a w e e k i n t h e f i r s t , s e c o n d o r t h i r d m o n th of a q u a r t e r . We w ill n o tify y o u of
y o u r 1981 r e p o r t i n g s c h e d u l e b y t h e e n d of F e b r u a r y . S u b s e q u e n t q u a r t e r l y r e
p o r t i n g w ill n o t b e g i n u n t i l M a rc h 1981.
We h o p e y o u f in d t h e e n c l o s e d r e p o r t i n g m a t e r i a l s u s e f u l . If t h e r e a r e
a n y q u e s t i o n s r e g a r d i n g th e r e p o r t fo rm s o r i n s t r u c t i o n s , th e y s h o u l d b e d i r e c t e d
to th e S ta tis tic a l D e p a r tm e n t a t th e D a lla s O ffice (214) 651-6294 o r 698-4205; o r to
th e A c c o u n tin g D e p a r tm e n t a t th e H o u s to n Office (713) 659-4433; S a n A n to n io Of
fice (512) 224-2141; o r El P a s o O ffice (915) 544-4730.

E n c lo su re s

S in c e re ly y o u rs ,
R o b e r t H . B o y k in
P re sid e n t

B a n k s a n d o t h e r s are e n c o u r a g e d to u s e th e f o llo w in g in c o m in g W A T S n u m b e r s in c o n t a c t i n g th is Bank:
1-8 00-442 -7 14 0 ( in tr a s t a te ) a n d 1-800-527-9 200 (in te r s ta te ). F o r c a lls p l a c e d lo cally, p l e a s e u s e 651 plu s th e
e x t e n s io n re fe rre d to above .

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

Federal
Reserve
Bank of
Dallas

In stru ctio n s fo r th e P r e p a r a tio n of:

• Report of Transaction Accounts,
Other Deposits and Vault Cash
(FR 2900)
• Report of Certain Eurocurrency Transactions
(FR 2950)

F o r Use By:

• Credit Unions

DETAILED INSTRUCTIONS
FOR
PREPARATION OF THE
REPORT OF TRANSACTION ACCOUNTS,
OTHER DEPOSITS AND VAULT CASH
(FR 2900)

For Use by Credit Unions

CONTENTS
page
INTRODUCTION .......................................................

SECTION 1— GENERAL INSTRUCTIONS ...................................
A. Who Must R e p o r t ............................................... 3
B. Frequency of Report ...........................................
C. How to Repo r t ................................................. 4
1. Consolidation............................... .............. 4
2. Denomination ...............................................
3. Overdrafts or Negative Balances .............................
4. Record-keeping .............................................. 5
5.
Unposted Debits and Credits ................................
6.
Rejected Items ............................................
D. What Liabilities Are Reservable Under Regulation D ..............
E. Deposits as Defined Under Regulation D .........................
F.
Treatment of Pass-Through Balances ...........................
G.
Treatment of Special D e p o s i t s ............... ............... 9
H.
Treatment of Escrow Funds ..................................

3
3

4
4
5
6
6
6
9
9

SECTION 2— ITEM-BY-ITEM INSTRUCTIONS ............................... 11
TRANSACTION ACCOUNTS ............................................. 11
Demand Deposits ................................................. 12
Items 1— Demand Deposits Due to Depository Institutions ........ 15
Item l.a— Due to Banks .............. .................... .. . 16
Item l.b— Due to Other Depository Institutions ................ 17
Item 2— U.S. Government Demand Deposits ....................... 17
Item 3— Other Demand D e o o s i t s ................................. 19
Other Transaction A c c o u n t s ..................................... 20
Item 4— ATS Accounts........................................... 20
Item 5— Telephone and PreauthorizedTransfer Accounts.............20
Item 6— Share Draft Accounts................................... 20
Item 7— Total Transaction Accounts ............................. 20
DEDUCTIONS FROM TRANSACTION ACCOUNTS ............................. 21
Item 8— Demand Balances Due from Depository Institutions ........ 21
Item 9— Cash Items in Process of C o l l e c t i o n ....................22
OTHER SAVINGS AND TIME D E P O S I T S ................................. 25
Other Savings Deposits ......................................... 25
Item 10— P e r s o n a l ............................................. 26
Item 11— Nonpersonal................... ...................... 29
Item 12— Total Other Savings Deposits ......................... 26
Time Deposits........................... .......... .......... 27
Item 13— P e r s o n a l ............................................. 29
Item 14— Nonpersonal........................................... 29
Item 14.a— Original Maturities of less than 4 y e a r s ............30
Item 14.b— Original Maturities of 4 years or m o r e ..............30
Item 15— Total Time Deposits................................... 30
Item 16— Amount of Time Deposits in Denomination of $100,000
or M o r e .......... ..................................... 30
Item 17— Vault C a s h ........................................... 31
SCHEDULE A— OTHER RESERVABLE OBLIGATIONS BY REMAINING MATURITY . . . 32
GLOSSARY........................................................... G-l

INTRODUCTION

Under the Monetary Control Act of 1980, every depository insti
tution located in the United States that has transaction accounts or
nonpersonal time deposits is required to hold reserves and to file with
the Federal Reserve a Report of Transaction Accounts, Other Deposits and
Vault Cash (FR 2900). Every depository institution that obtains funds
from foreign (non-U.S.) sources or that maintains foreign (non-U.S.) branches
is also required to file with the Federal Reserve a Report of Certain
Eurocurrency Transactions.!/ Rules governing the reporting and the reserve
requirement provisions of the Monetary Control Act are contained in Federal
Reserve Regulation D, "Reserve Requirements of Depository Institutions."2/
This booklet provides detailed instructions for preparation of
the Report of Transaction Accounts, Other Deposits and Vault Cash (FR 2900)
by all credit unions. This booklet is organized into two sections followed
by a glossary. Section 1 contains general instructions and guidelines;
Section 2 contains item-by-item instructions; and the glossary defines in
alphabetic order Important terms and phrases that appear in all capital
letters in Sections 1 and 2. This booklet has been printed in looseleaf
form to allow for any future changes.
This booklet has been designed to facilitate accurate preparation
of the Report of Transaction Accounts, Other Deposits and Vault Cash
(FR 2900). The instructions that follow in Sections 1 and 2 are intended
to provide a comprehensive presentation of applicable regulations, inter
pretations, and legal opinions governing the classification of deposits
subject to reserve requirements. Each credit union is urged to review
this material carefully and to use it as the basic guide in preparing the
report.
Accurate preparation of these reports is an important first
step in the reserve maintenance cycle. Based on the deposit levels that
your credit union reports for each reporting period, the Federal
Reserve calculates the level of reserves that must be deposited directly
with or passed through to a Federal Reserve Bank on these deposits two
weeks later. Efficient reserve management begins with accurate deposit
reporting. Errors in reporting may result in higher reserve requirements,
which could reduce your institution's potential earnings, or in insufficient
reserves, which may subject your institution to the assessment of penalties.

T7 Any credit union that has obtained funds from a foreign (non-U.S.)
source or that has foreign (non-U.S.) offices (excluding those located on
U.S. military facilities) should contact the Federal Reserve Bank for the
District in which it is located to obtain forms and instructions for the
Report of Certain Eurocurrency Transactions (FR 2950).
2/ The Federal Reserve Board has deferred reporting and reserve require
ments for all credit unions (and for certain other depository institutions)
with total deposits of less than $1 million as of December 31, 1979.

-2In addition to their use in the calculation of required reserves,
data from these reports are basic to the construction of the monetary
aggregates that are used by the Federal Reserve System in the formulation
and conduct of monetary policy. Inaccurate reporting results in deterior
ation in the quality of the monetary aggregate estimates.
The following instructions are based on Regulation D of the Board
of Governors of the Federal Reserve System [12 CFR §204] and in no way
alter or modify the requirements of Regulation D. While every effort has
been made to incorporate all existing regulatory provisions, this booklet
should not be considered the final authority on the deposit status of all
Instruments, obligations, or transactions. Final authority rests with the
Board of Governors of the Federal Reserve System. Inquiries concerning
specific instruments, obligations, or transactions, as well as suggestions
for Improving the content of this booklet, may be directed to the Federal
Reserve Bank in your District.

SECTION 1— GENERAL INSTRUCTIONS
Section 1 contains general instructions and guidelines which
provide credit unions with the basic framework for reporting on the Report
of Transaction Accounts, Other Deposits and Vault Cash (FR 2900) and
which describe, in general, the nature of reservable liabilities and the
specific procedures for reporting these liabilities.
These instructions are intended to be comprehensive and to provide
for all types of transactions that a credit union could conceivably have
within the scope of this report. However, it is likely that not all of
the transactions described in this section may be applicable to every
credit union.
A.

Who Must Report. Any credit union located in the U.S. that has
TRANSACTION ACCOUNTS 1/ or NONPERSONAL TIME DEPOSITS must file the
Report of Transaction Accounts, Other Deposits and Vault Cash
(FR 2900).
NOTE: For those credit unions described above that have total
shares and deposits of less than $1 million as of December 31,
1979, reporting and reserve requirements have been deferred.

Frequency of Report.
B.l. Those credit unions with total shares and deposits of $5 million
or more as of December 31, 1979 shall submit the report each
week.
B.2. Those credit unions with total shares and deposits of less than
$5 million as of December 31, 1979 shall submit the report once
each calendar quarter for a seven-day computation period that
begins on the third Thursday of a given month during the calendar
quarter. The specific reporting month during the quarter for
each respondent shall be designated by the Federal Reserve Bank
in whose District the respondent is located.
Those credit unions eligible for quarterly reporting retain
the option of reporting on a weekly rather than quarterly basis.
A credit union will remain eligible for quarterly rather than
weekly reporting until its total shares and deposits are $5
million or more for two consecutive quarterly reports.

T7 Terms and phrases appearing in all capital letters are defined and
described in alphabetical order in the glossary section at the end of
this manual.

-4-

How to Report. The report shall reflect amounts outstanding as of the
close of business each day during the reserve computation period. The
computation period is the seven-day period that 9tarts on Thursday and
ends on the following Wednesday. If your credit union had no outstand
ing balances to report during the computation period, please indicate
this by checking the box at the top of the reporting form, sign the
report, and send it to your local Federal Reserve Bank olr Branch.
NOTE: If a credit union that reports weekly had reservable liabilities
during a computation period but subsequently did not have reservable
liabilities for a period of four consecutive weeks, the credit union
need not continue to submit a report until such time as it again has
reservable liabilities to report.
The report shall be prepared in accordance with the procedures
described below.
G.l. Consolidation. Each credit union must prepare a consolidated
report that combines all deposits, vault cash, and allowable
deductions of the following entities:
a.

the principal office of the credit union; and

all branch offices located in the 50 states or the District
of Columbia.

Preparing a consolidated report involves combining all comparable
accounts of the principal office and any branch offices to be con
solidated on an account-by-account basis.
C.2. Denomination. Amounts should be rounded and reported to the
nearest thousand dollars.
C.3. Overdrafts or Negative Balances. All share or deposit accounts,
including SHARE DRAFT ACCOUNTS, having a negative balance as of
the close of business each day (whether resulting from prearranged
or unplanned overdrafts or from operating or other factors) should
be regarded as having a zero balance when computing deposit totals.
Overdrawn share or deposit accounts of customers should be con
sidered loans made by the credit union and should not be reported
as negative deposits. Similarly, share or deposit accounts that
the credit union maintains at a correspondent bank that have negative
balances should be regarded as having a zero balance when computing
"due from” totals and should be considered a borrowing by the credit
union.
However, overdrawn accounts of a depositor who maintains more
than one TRANSACTION ACCOUNT at the credit union may be offset by
accounts with positive balances if a bona fide cash management

- 5 -

function is served. For purposes of this report, a bona fide cash
management arrangement must be evidenced by a written agreement
between the credit union and the depositor authorizing transfers
between the depositor's TRANSACTION ACCOUNTS.
C.4. Record-keeping. The amounts reported for each day should reflect
the amounts outstanding at the "close of business" for that day.
The tern "close of business" refers to the time established by the
credit unidn as the cut-off time for posting transactions to its
accounting records for that particular day. The time designated
as close of business should be reasonable and applied consistently.
For any day on which the credit union was closed, report the closing
balance as of the preceding day.
For purposes of this report, the credit union is open when both
of the following criteria are met:
a. a majority of all the credit union's offices are open to conduct
business; and
b. entries are made to the accounting records of the credit
union for that particular day.
NOTE: If, according to your standard accounting practices, closing
balances for accounts reported on this report are not available
on a daily basis, you may report the same closing balance for
subsequent days provided that your closing balances for these
accounts are updated at least once a week. For example, a
credit union that uses a weekly batch system may have closing
balances only as of each Friday. In this case, the balances
for the preceding Friday should be reported for Thursday of the
current computation week; the balances for Friday of the current
computation week should be reported not only for Friday but
also for the following Saturday, Sunday, Monday, Tuesday, and
Wednesday, and for the first Thursday of the next computation
period.
C.5. UNPOSTED DEBITS and CREDITS. UNPOSTED DEBITS consist of cash items
drawn on the credit union that have been "paid” or credited by the
credit union and that are chargeable, but that have not been charged
against deposits as of the close of business. These items should
be reported as "cash items in process of collection" until they
have been charged to either individual or general ledger deposit
accounts.
UNPOSTED CREDITS consist of items that have been received for
deposit and that are in process of collection but that have not
been posted to individual or general ledger deposit accounts.
These credits should be reported as deposits.

C.6. Rejected items. Rejected items (resulting from mutilated documents,
incorrect account numbers or other factors) that would otherwise
have resulted in credit to deposit accounts should be Included in
deposit totals for the day on which offsetting debits have been
posted. Rejected items that represent withdrawals from deposit
accounts, for which appropriate corresponding credits have already
been recorded, should be deducted from deposits as of the close of
business for that day.
1

What Liabilities Are Reservable Under Federal Reserve Regulation D .
Under the Monetary Control Act of 1980, TRANSACTION ACCOUNTS and NON
PERSONAL TIME DEPOSITS (including NONPERSONAL SAVINGS DEPOSITS) are
subject to Federal reserve requirements. Rules governing reserve
requirements are contained in Federal Reserve Regulation D.
TRANSACTION ACCOUNTS include DEMAND DEPOSITS: ATS ACCOUNTS;
SHARE DRAFT ACCOUNTS; accounts that permit a depositor to make pay
ments to third parties through automated teller machines, remote
service units or by means of a debit card; accounts that permit a
depositor to make more than three TELEPHONE or PREAUTHORIZED TRANSFERS
per calendar month; and other reservable obligations including certain
borrowings that mature in less than 14 days.
NONPERSONAL TIME DEPOSITS include NONPERSONAL SAVINGS and NONPERSONAL
TIME DEPOSITS (including SHARE ACCOUNTS, SHARE CERTIFICATE ACCOUNTS, and
CERTIFICATES OF INDEBTEDNESS), and other reservable obligations Including
certain borrowings that mature in 14 days or more. Detailed instructions
defining TRANSACTION ACCOUNTS and NONPERSONAL TIME DEPOSITS can be found
in the appropriate item-by-item instructions.

Deposits as Defined Under Federal Reserve Regulation D . In general,
Regulation D defines “’deposits* to include both shares and deposits, and
certain other obligations Including certain borrowings of the credit
union. For purposes of these instructions, "deposits” are divided into
two broad categories of liabilities: DEPOSITS and PRIMARY OBLIGATIONS
that are undertaken as a means of obtaining funds, regardless of the
use of the proceeds.
E.l. DEPOSITS to be Included in Items 1 through 16 of this report con
sist of:
a.

Funds received or held by the credit union for which credit
has been given or is obligated to be given to a DEMAND, SAV
INGS (including SHARE, SHARE DRAFT, ATS, and TELEPHONE and
PREAUTHORIZED TRANSFER ACCOUNTS), or TIME DEPOSIT (including
SHARE CERTIFICATE) account.

Funds received or held by the credit union for a special or
specific purpose, including escrow funds, funds held as

-7-

security for securities loaned by the credit union, and funds
deposited with the credit union as advance payment on subscrip
tions to U.S. Government securities.

E.2.

Outstanding CERTIFIED AND CASHIER'S CHECKS and DRAFTS (including
PAYABLE THROUGH DRAFTS) issued by the credit union in the usual
course.lof business for any purpose, including payment for ser
vices, DIVIDENDS, or purchases, unless drawn on a deposit account
maintained at another DEPOSITORY INSTITUTION or at a Federal
Reserve Bank.

Liabilities arising from the sale of travelers checks and money
orders sold to customers unless the proceeds are remitted daily
to another party under a consignment arrangement.

Any obligation to pay a CHECK or SHARE DRAFT, such as a
CERTIFIED CHECK drawn on the credit union, that has been
presented for collection by a third party when the depositor's
account at the credit union has already been charged, but
when settlement of the CHECK has not been made.

Any funds received by the credit union's AFFILIATE and channeled
to the credit union by the AFFILIATE in the form of a DEMAND,
SAVINGS, or TIME DEPOSIT.

PRIMARY OBLIGATIONS to be reported as deposits in Items 1 through
16 of this report consist of:
a.

Liabilities of the credit union arising from the issuance of
promissory notes (including CERTIFICATES OF INDEBTEDNESS),
ACKNOWLEDGEMENTS OF ADVANCE, or other similar obligations,
(written or oral) that are issued by the credit union to
NONEXEMPT ENTITIES as a means of obtaining funds, regardless
of the use of the proceeds. (NOTE: Purchases of so-called
"Federal funds" from NONEXEMPT ENTITIES are PRIMARY OBLIGA
TIONS.)
Liabilities of the credit union arising from the sale
to a
NONEXEMPT ENTITY of a security or other similar asset
under
a prearranged agreement to repurchase the same or similar
security or asset at a later date (REPURCHASE AGREEMENTS).
(NOTE: REPURCHASE AGREEMENTS entered into with EXEMPT ENTI
TIES and those involving obligations of, or fully guaranteed
as to principal and interest by, the U.S. Government or a
Federal agency are not regarded as PRIMARY OBLIGATIONS for
purposes of this report.)

-8-

E.3.

Mortgage-backed securities that are issued and sold by the
credit union to NONEXEMPT ENTITIES and that represent sales
of participation certificates in pools of one-to-four family
mortgages when the credit union retains more than a ten
percent interest In the pool. The proceeds from such partici
pation certificates, as well as the credit union's interest
in the pool, are reservable. (Credit unions holding interest
of ten percent or less in such pools shall exclude these obli
gations from this report since such securities are not deposits.

Liabilities of the credit union in the form of mortgage-backed
bonds that are issued and sold by the credit union.

PRIMARY OBLIGATIONS to be reported in Schedule A of this report:
Any liability of the credit union's nondepository AFFILIATE on any
promissory note (including a CERTIFICATE OF INDEBTEDNESS), ACKNOW
LEDGEMENT OF ADVANCE, or similar obligation (written or oral),
with a maturity of less than four years, to the extent that the
proceeds are used to supply or maintain the availability of funds
to the credit union, Jlf_ the AFFILIATE's liability would have
been regarded as reservable if issued by the credit union, and
if the proceeds from the AFFILIATE'S liability are channeled
to the credit union in the form of a nonreservable transaction
(e.g., a sale of the credit union's assets to its AFFILIATE).
NOTE: If the proceeds from the AFFILIATE'S liability (whether
regarded as reservable or nonreservable if issued by the credit
union) are channeled to the credit union in the form of a DEMAND
SAVINGS, or TIME DEPOSIT such funds are reported by the credit
union as a DEMAND, TIME, or SAVINGS DEPOSITS. (See Subsection
E.l, paragraph f. above.) If the AFFILIATE'S liability would
have been regarded as nonreservable if issued by the credit
union, and if the proceeds from the AFFILIATE'S liability are
channeled to the credit union in the form of a nonreservable
transaction, such funds are excluded from this report.

E.4.

PRIMARY OBLIGATIONS issued to EXEMPT ENTITIES are not subject
to reserve requirements and are excluded from this report.

Regulations may require certain obligations that are not classi
fied as deposits on other reports to be treated as deposits on this
report. Consequently, the deposit totals on this report may differ
from deposit totals reported on your credit union's report of con
dition and on other reports submitted to the National Credit Union
Administration or the state regulatory supervisors.

In general, funds received by an institution that are immediately
applied to reduce or extinguish a customer's indebtedness to that insti
tution do not constitute deposits since no liability is incurred. Funds
that have been irrevocably assigned to the credit union and cannot be
reached by its customer or the customer's creditors are not subject to
reserve requirements.
Finally, certain other liabilities
that do not
result in a receipt of funds, such as accrued liabilities and accounts
payable, are not regarded as reservable liabilities.
F.

Treatment of Pass-through Balances. A DEPOSITORY INSTITUTION may
satisfy reserve requirements by holding vault cash or by placing a
balance at the Federal Reserve. The Monetary Control Act
of 1980
authorizes a DEPOSITORY INSTITUTION that is not a member of the
Federal Reserve System to hold its required reserve balances at the
Federal Reserve in one of two ways. Such an institution may deposit
its required reserve balance directly with the Federal Reserve Bank
or Branch which serves the territory in which its main office is
located. Alternatively, in accordance with procedures adopted by
the Federal Reserve Board, the DEPOSITORY INSTITUTION may elect to
pass its required reserve balance through a "correspondent." Under
this alternative, the DEPOSITORY INSTITUTION who chooses to pass-through
its reserve balances is referred to as the "respondent." A "correspon
dent" may be a Federal Home Loan Bank, the National Credit Union Adminis
tration Central Liquidity Facility, or a DEPOSITORY INSTITUTION which
holds a required reserve balance directly at a Federal Reserve Bank or
Branch. In addition, the Federal Reserve Board reserves the right to
permit other institutions, on a case-by-case basis, to serve as a pass
through correspondent. The "correspondent" will pass through these
reserve balances dollar-for-dollar to the Federal Reserve Bank or Branch
in the territory in which the principal office of the "respondent” is
located.
For purposes of this report, the "correspondent" institution shall
exclude from this report all reserve balances received from "respondent"
institutions and subsequently passed through to the appropriate Federal
Reserve Bank or Branch. All "respondent" institutions shall exclude
from this report all reserves balances which the "correspondent” passes
through to the Federal Reserve Bank or Branch on behalf of the "respon
dent .”

Treatment of Special Deposits. Special deposits, such as bonds,
stocks, jewelry, coin collections, etc., that are left for safekeeping
with the credit union, should not be Included as deposits on this
report.

Treatment of Escrow Funds. Escrow funds consist of funds deposited
with the credit union under an agreement that requires the credit
union to pay all or some portion of the funds to a third party at a
certain time or upon fulfillment of certain conditions. Depending

-10-

on the classification of escrow funds, the obligation of the credit
union on the funds maintained may constitute a deposit liability
against which reserves must be held.
Escrow funds should be classified as TRANSACTION ACCOUNTS, iSAVINGS
DEPOSITS, or TIME DEPOSITS, depending on the terms of the underlying
agreement. Escrow funds will be regarded as PERSONAL SAVINGS DEPOSITS
or PERSONAL TIME DEPOSITS If the depositor Is a NATURAL PERSON and
the other conditions of a SAVINGS or TIME DEPOSIT are met, notwith
standing that the funds are held by the credit union as an escrow
agent. The classification of escrow funds as TIME or SAVINGS DEPOSITS
does not depend on whether Interest Is paid on the funds * Escrow
agreements entered into by the credit union in states wh«re the
payment of Interest on such accounts is required by law must comply
with the payment provisions applicable to TIME or SAVINGS DEPOSITS.
Agreements that do not meet the specific conditions for TIME and
SAVINGS DEPOSITS must be classified as TRANSACTION ACCOUNTS.

-11-

SECTION 2— ITEM-BY-ITEM INSTRUCTIONS
Section 2 contains itera-by-item instructions for completing the
FR 2900. This section describes the coverage of each item to be reported
and specifies the categories of deposits to be included in or excluded
from each item.
These instructions are intended to be comprehensive and to
provide for all transactions that a credit union could conceivably have
within the scope of this report. However, it is likely that not all of
the items or transactions may be applicable to every credit union. In
those cases where the item to be reported is not applicable to your credit
union, enter a zero for that item.

t
TRANSACTION ACCOUNTS
Report as TRANSACTION ACCOUNTS those deposits or accounts on which the
depositor or account holder is permited to make withdrawals by negotiable
or transferable instrument, payment order of withdrawal, telephone transfer
or other similar device for the purpose of making payments or transfers
to third parties or to other accounts of the same depositor.
Include as TRANSACTION ACCOUNTS:
1.

DEMAND DEPOSITS;

DEPOSITS or accounts subject to withdrawal by CHECK, DRAFT,
negotiable order, or SHARE DRAFT;

SAVINGS DEPOSITS or accounts from which withdrawals may be made
automatically through payment to the credit union itself or through
transfer of credit to a DEMAND DEPOSIT, SHARE DRAFT or other
account in order to cover CHECKS or DRAFTS drawn upon the institution
or to maintain a specified balance in such accounts (ATS ACCOUNTS);

DEPOSITS or accounts in which payments may be made to third parties
by means of a debit card, an automated teller machine (ATM), remote
service unit (RSU), or other electronic device;

DEPOSITS or accounts from which the depositor is permitted or
authorized to make more than 3 withdrawals per month for purposes
of transferring funds to another account or making payment to a
third party by means of TELEPHONE or PREAUTHORIZED TRANSFER;

INTEREST or DIVIDENDS paid by crediting a TRANSACTION ACCOUNT.

NOTE; An account is not regarded as a TRANSACTION ACCOUNT merely
because it permits the depositor to make loan repayments and pay asso
ciated expenses to the credit union.

-12Exclude from TRANSACTION ACCOUNTS those PRIMARY OBLIGATIONS maturing
in less than 14 days if they take the form of ineligible acceptances or of
obligations issued by the credit union's AFFILIATES described in Section 1,
Subsection E.3. (to be reported in Schedule A, Item 1).
Summary of Transaction Account Classifications
A.

Always Regarded as TRANSACTION ACCOUNTS
1.

DEMAND DEPOSITS.

SHARE DRAFT ACCOUNTS.

ATS ACCOUNTS.

l!
Accounts that permit third party payments through ATMs or RSUs.

Accounts that permit third party payments through use of CHECKS,
DRAFTS, negotiable Instruments, debit cards or other similar items.

Accounts Regarded as TRANSACTION ACCOUNTS If More Than Three of the
Following Transactions Per Calendar Month Are Permitted to Be Made By
Telephone or Preauthorized Order or Instruction
1.

Payments or transfers to third parties.

Transfers to another account of the depositor at the same institution.

Transfers to an account at another DEPOSITORY INSTITUTION.

Not Regarded as TRANSACTION ACCOUNTS (Unless Specified Above)
1. Accounts that permit TELEPHONE or PREAUTHORIZED TRANSFERS or transfers
by ATMs or RSUs to repay loans made or serviced by the same DEPOSITORY
INSTITUTION.
2. Accounts that
drawals where
depositor.

permit TELEPHONE or PREAUTHORIZED
TRANSFERS or with
the proceeds are to be mailed to or picked up by the

Accounts that permit transfers to other accounts of the depositor
at the same institution through ATMs or RSUs.

Accounts that permit three or less TELEPHONE or PREAUTHORIZED
TRANSFERS or payments to third parties or to other accounts.

Demand Deposits (Items 1, 2, and 3)
Report in Items 1, 2, and 3 the balance of all DEMAND DEPOSITS, in
the form of both DEPOSITS and PRIMARY OBLIGATIONS, that are outstanding
at the close of business each day of the computation period.

-13-

For Items 1, 2, and 3, DEMAND DEPOSITS include DEPOSITS described in
Section 1, Subsection E.l, and PRIMARY OBLIGATIONS isued to NONEXEMPT
ENTITIES described in Section 1, Subsection E.2, that are payable imme
diately on demand or issued in ORIGINAL MATURITIES of less than 14 days,
or that are payable with less than 14 days notice, or for which the
credit union does not reserve the right to require at least 14 days
written notice of an intended withdrawal.
Include as DEMAND DEPOSITS:
1.

All checking accounts, including those pledged as collateral for
loans or maintained as compensating balances. However, do not
include SHARE DRAFT ACCOUNTS, which are reported in Item 6.

Outstanding CERTIFIED AND CASHIERS' CHECKS and DRAFTS (including
PAYABLE THROUGH DRAFTS) issued by the credit union unless drawn on
a deposit account maintained at another DEPOSITORY INSTITUTION or
at a Federal Reserve Bank.

Outstanding travelers checks and money orders sold to customers
unless the proceeds are remitted dally to another party under a
consignment arrangement.

Withheld taxes, withheld insurance premiums, and other funds with
held from salaries of the credit union's employees until such
funds are remitted.

Funds received or held in escrow accounts that may be withdrawn on
demand or within 14 days from the date of deposit (excluding those
escrow accounts classified as SAVINGS DEPOSITS or TIME DEPOSITS).
(See Section 1, Subsection H, for general treatment of escrow funds.)

All matured TIME DEPOSITS (including SHARE CERTIFICATE ACCOUNTS and
CERTIFICATES OF INDEBTEDNESS), unless the deposit agreement specif
ically provides for (a) transfer to a SAVINGS DEPOSIT or SHARE
ACCOUNT at maturity, or (b) automatic renewal at maturity. (Auto
matically renewable time deposits remain TIME DEPOSITS until redeemed.)

All matured TIME DEPOSITS, open account, (including SHARE CERTIFICATE
ACCOUNTS and CERTIFICATES OF INDEBTEDNESS) for which the depositor
has provided a written notice indicating an intention to withdraw
the deposit at the expiration of the notice period, but that have
not been redeemed by the depositor.

"Other liability" accounts that are established to recognize the
institution's obligation to pay a check or DRAFT (including a SHARE
DRAFT) when the depositor's account has been charged but when
settlement of the check has not yet been made.

-14-

An obligation to pay on demand or within 14 days a CHECK or
SHARE DRAFT (or other instrument, device, or arrangement for
the transfer of fund) drawn on the credit union, when the
depositor's account has already been debited.

10. Any funds received by the credit union's AFFILIATE and later
channeled to the credit union by the AFFILIATE in the form of
a DEMAND DEPOSIT.
Exclude from DEMAND DEPOSITS the following categories of liabilities
that have an ORIGINAL MATURITY of less than 14 days:
1. HYPOTHECATED DEPOSITS (does not include shares or deposits
as collateral for loans).

pledged

CHECKS or DRAFTS drawn by the credit union on the Federal Reserve
or on a deposit account maintained at another DEPOSITORY INSTITUTION.

Liabilities of the credit union that arise from REPURCHASE AGREEMENTS
involving obligations of, or fully guaranteed as to principal and
interest by, the U.S. Government or a Federal agency.

Any PRIMARY OBLIGATION issued or undertaken as a means of obtain
ing funds, regardless of the use of the proceeds, when transacted
with a U.S. office of the following EXEMPT ENTITIES:
a.

U.S. commercial banks and trust companies and theirOPERATIONS
SUBSIDIARIES;

a U.S. branch or agency of a bank organized under foreign (NONU.S.) law (including branches and agencies of FOREIGN OFFICIAL
BANKING INSTITUTIONS);

EDGE ACT AND AGREEMENT CORPORATIONS;

mutual and stock savings banks;

building or savings and loan associations;

cooperative banks;

industrial banks;

other credit unions (including corporate central credit
unions);

New York State investment companies (chartered under Article
XII of the New York State Banking Code) that perform a BANK
ING BUSINESS;

-15-

U.S. Government agencies and instrumentalities, such as the
Central Liquidity Facility, National Credit Union Share
Insurance Fund, Federal Home Loan Bank Board, Federal Home
Loan Banks, Federal Intermediate Credit Banks, Federal Land
Banks, Banks for Cooperatives, Federal Home Loan Mortgage
Corporation, Federal Deposit Insurance Corporation, Federal
National Mortgage Association, Federal Financing Bank, and
Student Loan Marketing Association;

Export-Import Bank of the U.S.;

Government Development Bank of Puerto Rico;

tn.

Minbanc Capital Corporation;

securities dealers, but only when the borrowing (a) has
a maturity of one day, (b) is in IMMEDIATELY-AVAILABLE
FUNDS, and (c) is in connection with the clearance of
securities; and

the U.S. Treasury (U.S. TREASURY TAX AND LOAN ACCOUNT note
balances).

Funds obtained from state and municipal housing authorities
under LOAN-TO-LENDER PROGRAMS.

Borrowings from a Federal Reserve Bank.

Certain obligations issued by the credit union's nondepository
AFFILIATES, described in Section 1, Subsection E.3. (These
transactions are to be reported in Schedule A, Item 1.)

Shares of credit union held by the National Credit Union
Administration (NCITA) or the NCUA Central Liquidity Facility.

NOTE; Unless created as a result of a bona fide cash management arrange
ment, overdrafts in DEMAND DEPOSIT accounts are not to be treated as
negative DEMAND DEPOSITS since overdrafts are properly reflected on an
Institution's books as loans.

Item 1— Demand Deposits Due to Depository Institutions.
Report in Item l.a DEMAND DEPOSITS due to banks and EDGE ACT AND AGREE
MENT CORPORATIONS located in the U.S. and abroad. Report in Item l.b
DEMAND DEPOSITS due to other DEPOSITORY INSTITUTIONS. PRIMARY OBLIGATIONS
issued to DEPOSITORY INSTITUTIONS in the U.S. are not subject to reserve
requirements and should not be reported in this item.

-16-

Exclude from both Items l.a and l.b:
1.

DEMAND DEPOSITS due to:
a.

"Respondent" DEPOSITORY INSTITUTIONS to the extent that
such deposits represent balances that your credit union
serving as pass-through agent or correspondent has passed
through to the Federal Reserve Bank for the "respondent."

b. Nondeposit and limited purpose trust companies (reported
in Item 3).
c.

Nondepository AFFILIATES of the credit union and of other
DEPOSITORY INSTITUTIONS (reported in Item 3).

d. U.S. Government agencies and instrumentalities, such as the
Central Liquidity Facility, National Credit Union Share Insurance
Fund, Federal Home Loan Bank Board, Federal Home Loan Banks,
Federal Intermediate Credit Banks, Federal Land Banks, Banks
for Cooperatives, Federal Home Loan Mortgage Corporation,
Federal Deposit Insurance Corporation, Federal National Mortgage
Association, Federal Financing Bank, and Student Loan Marketing
Association (reported in Item 3).
2. Any DEMAND DEPOSIT due to a DEPOSITORY INSTITUTION that is negative
(i.e., overdrawn). The
amount of such negative balance should be
regarded as zero when computing the deposit total.
3. Any negative "due from”
balance that results when the reporting
institution overdraws a
deposit account at a correspondent. Such
a balance should be classified as a borrowing.
4.

Any PRIMARY OBLIGATIONS issued to NON-U.S. offices of U.S. DEPOSITORY
INSTITUTIONS and of foreign (NON-U.S.) banks (reported on the Report
of Certain Eurodollar Transactions (FR 2950).
;

Item l.a.---Due to Banks
Include in this item the balance of all DEMAND DEPOSITS in the form of
DEPOSITS (exclude PRIMARY OBLIGATIONS) due to the following:
1.

U.S. offices of the following institutions:
a.

U.S. commercial banks and trust companies conducting
a commercial BANKING BUSINESS;
BRANCHES AND AGENCIES OF FOREIGN (NON-U.S.) BANKS
(including branches and agencies of FOREIGN OFFICIAL BANK
ING INSTITUTIONS);

-17c. EDGE ACT AND AGREEMENT CORPORATIONS;
d. industrial banks; and
e. New York State investment companies (chartered under
Article XII of the New York State Banking Code) that
perform a BANKING BUSINESS.
2. NON-U.S. offices of:
a. U.S. banks and EDGE ACT AND AGREEMENT CORPORATIONS; and
b.

Commercial banks, merchant banks, savings banks, discount
houses, and similar banking institutions organized under
the laws of a foreign country, a territory of the United
States, Puerto Rico, Guam, American Samoa, or the Virgin
Islands.

Item l.b— Due to Other Depository Institutions
Include in this item DEMAND DEPOSITS in the form of DEPOSITS (exclude
PRIMARY OBLIGATIONS) due to:
1.

mutual and stock savings banks;

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

other credit unions (including corporate central credit unions).

Item 2— U.S. Government Demand Deposits
Include in this item the balance of all DEMAND DEPOSIT accounts in the
form of DEPOSITS that are designed as FEDERAL PUBLIC FUNDS for which
your institution serves as depository, such as funds held in:
1. U.S. TREASURY TAX AND LOAN ACCOUNTS, including withheld Federal
income tax deposits, social security tax deposits and other
Federal tax payments, and the proceeds from sales of U.S. Savings
Bonds (exclude TREASURY TAX AND LOAN ACCOUNT NOTE BALANCES.);
2. U.S. TREASURY GENERAL ACCOUNTS and special collection accounts;
3. U.S. Treasury compensating balance DEMAND DEPOSIT accounts;
4. Postmaster's DEMAND DEPOSIT accounts;

-18-

DEMAIJD DEPOSIT accounts of the following:
a.

the Tennessee Valley Authority and other government-owned
corporations, and

disbursing officers of the Department of Defense and
Department of the Treasury;

DEMAND DEPOSIT accounts of other public funds that are subject
to control or regulation by the United States Government,
including accounts of military organizations, such as post
exchanges, military clubs and similar entities.

Please note that, for this item, DEMAND DEPOSITS include only DEPOSITS
held for the credit of the U.S. Government, and exclude any PRIMARY OBLI
GATIONS to the U.S. Government. Such PRIMARY OBLIGATIONS are not subject
to reserve requirements and are not to be reported on this report.
Exclude from this item:
1.

DEMAND DEPOSITS due to U.S. Government agencies and instrumental
ities, such as the Central Liquidity Facility, National Credit
Union Share Insurance Fund, Federal Home Loan Bank Board,
Federal Home Loan Banks, Federal Intermediate Credit Banks,
Federal Land Banks, Banks for Cooperatives, Federal Home Loan
Mortgage Corporation, Federal Deposit Insurance Corporation,
Federal National Mortgage Association, Federal Financing Bank,
and Student Loan Marketing Association (reported in Item 3).

DEMAND DEPOSITS held for state or local governments or their
political subdivisions (reported in Item 3).

TREASURY TAX AND LOAN ACCOUNT NOTE BALANCES (see below).

PRIMARY OBLIGATIONS.

Treatment of Note Option and Remittance Option:
Only the deposits credited to the U.S. TREASURY TAX AND LOAN demand
deposit ACCOUNT that represent funds received as of the close of business
of the current day should be reported as TREASURY TAX AND LOAN Demand
Deposits. Funds credited to Tax and Loan Demand Deposit Accounts as of
the close of business on previous days should already have been remitted
to the Federal Reserve Basnk or automatically converted into open-ended
interest-bearing notes, depending on the option selected by the reporting
institution. Interest-bearing Treasury Tax and Loan Account note balances
are exempt from reserve requirements and should not be reported as deposits.

-19Item 3— Other Demand Deposits
Include in this item the balance of all other DEMAND DEPOSITS in the
form of DEPOSITS and PRIMARY OBLIGATIONS, including:
1.

DEMAND DEPOSITS in the form of DEPOSITS held for:
a.

individuals, partnerships, and corporations, wherever
located;

state and local governments and their political sub
divisions;

U.S. Government agencies and instrumentalities, such as
the Central Liquidity Facility, National Credit Union Share
Insurance Fund, Federal Home Loan Bank Board, Federal Home
Loan Banks, Federal Intermediate Credit Banks, Federal Land
Banks, Banks for Cooperatives, Federal Home Loan Mortgage
Corporation, Federal Deposit Insurance Corporation, Federal
National Mortgage Association, Federal Financing Bank, and
Student Loan Marketing Association (reported in Item 3);

nondeposit and limited purpose trust companies;

nondepository AFFILIATES of the credit union and of other
DEPOSITORY INSTITUTIONS; and

INTERNATIONAL INSTITUTIONS.

2. Withheld state and local government taxes, insurance premiums,
and similar items, but not withheld Federal tax payments
(reported in Item 2).
3. Outstanding CERTIFIED AND CASHIERS' CHECKS and DRAFTS issued by
the credit union, unless drawn on an account maintained at another
another DEPOSITORY INSTITUTION or at a Federal Reserve Bank.
4. Outstanding travelers checks and money orders sold to customers
unless the proceeds are remitted on the same day to another
party under a consignment arrangement.
5. Funds received or held in escrow accounts that may be withdrawn
on demand or within 14 days from the date of deposit (excluding
escrow acccounts classified as SAVINGS DEPOSITS). (See Section 1,
Subsection H, for general treatment of escrow funds.)
6. PRIMARY OBLIGATIONS issued to NONEXEMPT ENTITIES except:
a.

Those issued to INTERNATIONAL INSTITUTIONS.

Certain obligations issued by the credit union's nondeposi
tory AFFILIATES, as described in Section 1, Subsection E.3.
(These transactions are reported in Schedule A, Item 1.)

-20Other Transaction Accounts (Items 4, 5, and 6)

Item 4— ATS Accounts
Report in Item 4 the balance of all ATS ACCOUNTS. ATS ACCOUNTS are
SAVINGS DEPOSITS or SHARE ACCOUNTS of individuals that are authorized
for automatic transfer to DEMAND DEPOSIT or other accounts pursuant to
written agreement arranged in advance between the credit union and the
depositor.

Item 5— Telephone and Preauthorized Transfer Accounts
Report in Item 5 the balance of SAVINGS DEPOSITS, SHARE ACCOUNTS, or
TIME DEPOSITS under the terms of which, or which by practice of the credit
union, the depositor is permitted or authorized to make more than three
withdrawals per month for purposes of transferring funds to another account
or for making a payment to a third party by means of TELEPHONE or PRE
AUTHORIZED TRANSFER, agreement, order or instruction. An account that
permits or authorizes more than three such withdrawls in a calendar month
is a TRANSACTION ACCOUNT, whether or not more than three such withdrawals
actually are made in a calendar month.
Also report in this item the balance of SAVINGS DEPOSITS, TIME DEPOSITS
or accounts in which payments may be made to third parties by means of a
a debit card, an automated teller machine, remote service unit or other
electronic device.
An account is not a "TRANSACTION ACCOUNT" by virtue of an arrangement
that permits withdrawals for the purpose of repaying loans and associated
expenses, such as insurance and escrow requirements, at the credit union
itself. In addition, an account is not a TRANSACTION ACCOUNTS because
withdrawals to be paid directly to the depositor could be effected by
TELEPHONE or PREAUTHORIZED TRANSFER or order.
Exclude from this item those accounts that permit no more than three
TELEPHONE or PREAUTHORIZED TRANSFERS a month to another account of the
depositor in the same institution or to a third party.

Item 6— SHARE DRAFT Accounts
Report in Item 6 the balance of all SHARE DRAFT ACCOUNTS. SHARE DRAFT
ACCOUNTS represent SAVINGS DEPOSITS that can be withdrawn or transferred
to third parties by issuance of a negotiable or TRANSFERABLE instrument.

Item 7— Total Transaction Accounts
Report in this item the sum of Items l.a, l.b, 2, 3, 4, 5, and 6.

-21DEDUCTIONS FROM TRANSACTION ACCOUNTS (Items 8 and 9)

Item 8— Demand Balances Due from Depository Institutions
Report in this item all DEMAND DEPOSIT balances due from U.S. offices
of banks and other DEPOSITORY INSTITUTIONS.
Include in this item all DEMAND DEPOSIT balances of the credit union
in the fora of DEPOSITS (exclude PRIMARY OBLIGATIONS) due from U.S.
offices of the following institutions:
1.

U.S. commercial banks and trust companies conducting a commercial
BANKING BUSINESS;

2. BRANCHES
branches

AND AGENCIES OF FOREIGN (NON-U.S.) BANKS
and agencies of FOREIGN OFFICIAL BANKING

3. EDGE ACT

AND AGREEMENT CORPORATIONS;

(including
INSTITUTIONS);

industrial banks;

mutual and stock savings banks;

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

7. other credit unions (including corporate central credit unions).
Also include in this item DEMAND DEPOSIT balances due from a corres
pondent that have not been passed through to the Federal Reserve by the
correspondent. (However, as noted below, any DEMAND DEPOSIT balances
that were passed through to the Federal Reserve by the correspondent are
to be excluded from this item.)
Exclude from this item:
1.

DEMAND DEPOSIT balances due from Federal Reserve Banks representing:
a.

your credit union's reserve balances held directly with the
Federal Reserve;

your credit union's reserve balances that were passed through to
the Federal Reserve by a correspondent;

reserve balances of another institution for which your credit
union is serving as a pass-through agent (correspondent) and
that were passed through by your credit union to the Federal
Reserve Bank; and

your credit union's clearing balances maintained at a Federal
Reserve Bank.

-222.

DEMAND DEPOSIT balances due from other DEPOSITORY INSTITUTIONS
that are pledged by the respondent institution and are not
available for immediate withdrawal.

TIME and SAVINGS DEPOSIT balances held at other DEPOSITORY
INSTITUTIONS.

4. Amounts at other DEPOSITORY INSTITUTIONS that represent future
payment balances or balances that will not be available for
immediate withdrawal until a future date but that have been
booked by the credit union in advance.
5. CASH ITEMS in process of collection (reported in Item 9).
6. Any deposit account due to a correspondent or other DEPOSI
TORY INSTITUTION that is overdrawn, or amounts that, if charged
against a correspondent account by the respondent institution,
would result in an overdraft in that account.
7.

Any deposit account due from a correspondent or other institution
that is negative (i.e., overdrawn). The amount of such negative
balances should be regarded as zero when computing the deposit
total.

8. DEMAND DEPOSIT balances that are due from:
a. any NON-U.S. office of any U.S. DEPOSITORY INSTITUTION;
b. any NON-U.S. office of any FOREIGN (NON-U.S.) BANK;
c. trust companies that do not conduct a commercial BANKING
BUSINESS;
d. N.Y. State investment companies (chartered under Article XII
of the New York State Banking Code) that perform a BANKING
BUSINESS.

Item 9— Cash Items in Process of Collection
Report in Item 9 the balance of all CASH ITEMS in process of collection.
Include as CASH ITEMS in process of collection:
1.

CHECKS or SHARE DRAFTS in process of collection that are drawn on
another DEPOSITORY INSTITUTION and that are payable immediately
upon presentation in the U.S. This includes CHECKS in the process
of collection with:
a. Federal Reserve Banks,
b. other DEPOSITORY INSTITUTIONS, or
c. clearing houses.

-23-

CHECKS or SHARE DRAFTS on hand that will be presented for payment
or forwarded for collection on the following business day.

CHECKS drawn on the Treasury of the United States that are in
process of collection.

Other items In process of collection that are payable immediately
upon presentation in the U.S. and that are customarily cleared or
collected by DEPOSITORY INSTITUTIONS as CASH ITEMS, such as:
a.

redeemed U.S. savings bonds and food coupons and certificates,
if shipped at least every other day;

money orders and travelers checks;

SHARE DRAFTS;

bank DRAFTS and FEDERAL RESERVE DRAFTS;

PAYABLE THROUGH DRAFTS that have been received by the credit
union and that will be forwarded to another DEPOSITORY INSTITUTION

BROKERS SECURITY DRAFTS and COMMODITY OR BILL OF LADING DRAFTS
(including arrival drafts) that are payable immediately upon
presentation In the U.S.;

amounts associated with automated payment arrangements
in connection with payroll deposits, Federal recurring
payments, and other items that are credited to a deposi
tor's account prior to the payment date to ensure that
the funds are available on the payment date;

RETURNED ITEMS drawn on other DEPOSITORY INSTITUTIONS; and

UNPOSTED DEBITS.

NOTE: CHECKS and DRAFTS credited to a DEPOSIT account are considered
CASH ITEMS in process of collection only when the depositor is given
immediate credit by the forwarding institution.
Exclude from this item and from this report:
1.

Items handled as NONCASH ITEMS, whether or not cleared through
Federal Reserve Banks.

Items not payable in the U.S.

Items for which the credit union has already received credit.

-24-

COMMODITY OR BILL OF LADING DRAFTS (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.

ITEMS PAYABLE THROUGH received by the credit union if acting in
the capacity of a clearing agent for a nondepository institution
that have not been collected from that nondepository Institution
which is the drawer of the draft.

Credit card slips in process of collection, whether or not
deposit credit has been given.

Treatment of CASH ITEMS forwarded to Federal Reserve Banks
CASH ITEMS forwarded to a Federal Reserve Bank for collection and
for credit should continue to be reported as CASH ITEMS until such time
as credit has been actually given by a Federal Reserve Bank in accor
dance with the appropriate time schedules established pursuant to
Federal Reserve Bank "Operating Circulars."
CASH ITEMS in process of collection also should reflect the actual
availability of funds received for DIRECT SENT CASH ITEMS. Adjustment
should be made to:
1.

Retain as CASH ITEMS in process of collection the amounts for items
sent directly to Federal Reserve Banks in other districts that
will arrive when those Federal Reserve offices are closed for a
local or regional holiday.

Remove from CASH ITEMS in process of collection the amounts for
items sent directly to Federal Reserve Banks In other districts
that will arrive when the local Federal Reserve offices are closed.
Credit for such items will be given on a back-valued basis by the

-25OTHER SAVINGS AND TIME DEPOSITS

Other Savings Deposits (Items 10, 11, and 12)
For Items 10, 11, and 12, SAVINGS DEPOSITS or
SHARE ACCOUNTS include
DEPOSITS described in Section 1, Subsection E.l, and PRIMARY OBLIGATIONS
issued to NONEXEMPT ENTITIES described in Section 1, Subsection E.2,
that are not payable on a specified date or after a specified period of
time from the date of deposit, but for which the credit union expressly
reserves the right to require at least 14 days written notice before an
intended withdrawal.
Status of SAVINGS DEPOSITS when notice is required.
If the credit union
should use its right to require written notice of an intended withdrawal
in connection with a SAVINGS DEPOSIT or SHARE ACCOUNT, the deposit continues
to be a SAVINGS DEPOSIT or SHARE ACCOUNT and should not be classified as
a TIME DEPOSIT. Where written notice actually is
requiredby the credit
union and such notice is received from a depositor, the SAVINGS DEPOSIT
or SHARE ACCOUNT becomes a DEMAND DEPOSIT if not redeemed after expiration
of the notice period and should be reported in Item 1, 2, or 3, as appropriate.
Include the following as SAVINGS DEPOSITS, regardless of whether or not
they earn INTEREST or DIVIDENDS:
1.

SHARE ACCOUNTS.

SAVINGS DEPOSITS or SHARE ACCOUNTS maintained as comoensating
balances or pledged as collateral for loans.

Escrow deposits where the credit union reserves the right to
require at least 14 days written notice before payment can be
made. (See Section 1, Subsection H, for the general treatment of
escrow funds.)

Individual Retirement Account (IRA) or Keogh Plan Accounts that are
held in the form of regular SHARE ACCOUNTS or SAVINGS DEPOSITS.

CLUB ACCOUNTS, or other special purpose accounts, that are in the form
of regular SHARE ACCOUNTS or SAVINGS DEPOSITS.

SAVINGS DEPOSITS or SHARE ACCOUNTS that permit the depositor
to make no more than three TELEPHONE or PREAUTHORIZED TRANSFERS
per month for purposes of transferring funds to another account
or for making a payment to a third party. (NOTE: SAVINGS DEPOSITS
or SHARE ACCOUNTS that permit the depositor to make more than three
TELEPHONE or PREAUTHORIZED TRANSFERS per month are regarded as
TRANSACTION ACCOUNTS and are reported in Item 5.)

Any funds received by the credit union's nondepository AFFILIATE
and later channeled to the credit union by its AFFILIATE in the
form of a SAVINGS DEPOSIT.

INTEREST or DIVIDENDS paid by crediting SAVINGS DEPOSIT or SHARE
ACCOUNTS.

-26Exclude from other SAVINGS DEPOSITS:
1. SHARE DRAFT ACCOUNTS (reported in Item 6).
2. ATS ACCOUNTS (reported in Item 4).
3. SAVINGS DEPOSITS or SHARE ACCOUNTS subject to more than 3 TELEPHONE
and PREAUTHORIZED TRANSFERS per month (reported in Item 5).
4.

Special passbook or statement accounts, such as "ninety-day notice
accounts," "golden passbook accounts," or deposits labeled as "saving
certificates," that have a specified ORIGINAL MATURITY of 14 days or
more (reported in Items 13 and 14).

INTEREST or DIVIDENDS accrued on SAVINGS DEPOSITS or SHARE ACCOUNTS
but not yet paid or credited to a deposit account.

6. HYPOTHECATED DEPOSITS.
7.

Certain obligations issued by the credit union's nondepository
AFFILIATES described in Section 1, Subsection E.3. (These trans
actions are to be reported in Schedule A.)

Item 10--0ther Savings Deposits— Personal
Report in Item 10 the balance of all other SAVINGS DEPOSITS or SHARE
ACCOUNTS that represent funds deposited to the credit of, or in which the
entire beneficial interest is held by, a depositor that is a NATURAL PERSON.
Also Include as PERSONAL SAVINGS DEPOSITS:
1.

Escrow accounts, such as funds held for tax or Insurance payments,
if the depositor Is a NATURAL PERSON and other conditions of a
SAVINGS DEPOSIT are met, not withstanding that the funds are held
by the credit union as an escrow agent.

Individual Retirement Accounts (IRA) and Keogh Plan Accounts in
form of regular SHARE ACCOUNTSor SAVINGS DEPOSITS.

the

Item 11— Other Savings Deposits— Nonpersonal
Report in Item 11 the balance of all other SAVINGS DEPOSITS or SHARE
ACCOUNTS that represent funds deposited to the credit of, or in which any
beneficial Interest is held by, a depositor that is not a NATURAL PERSON

Item 12— Total Other Savings Deposits
Report in this item the sum of Items 10 and 11.

-27-

Tlme Deposits (Items 13, 14, 15, and 16)
Include in Items 13, 14, 15, and 16 the balance of all TIME DEPOSITS,
in the form of both DEPOSITS and PRIMARY OBLIGATIONS, that are outstanding
at the close of business each day. TIME DEPOSITS include DEPOSITS described
in Section 1, Subsection E.l, and PRIMARY OBLIGATIONS issued to NONEXEMPT
ENTITIES described in Section 1, Subsection E.2, that are payable on a
specified date, after a specified period of time from the date of deposit,
or after a specified notice period, which in all cases may not be less than
14 days from the date of deposit.
Reporting of Deposits Issued on a Discount Basis or on Which Interest is
Prepaid
TIME DEPOSITS, including SHARE CERTIFICATES and CERTIFICATES OF INDEBT
EDNESS, issued on a discount basis should be reported initially on the
basis of the amount of funds actuallyreceived by the credit union. For
example, if the credit unionreceived $96,000 in exchange for
a certificate
of deposit Issued at face value of $100,000, only the $96,000 received at
the time of issuance should be reported initially as a TIME DEPOSIT.
However, as the credit union's obligation to the depositor increases
over the life of the deposit, representing INTEREST or DIVIDENDS earned
on the deposit, the incremental amounts as credited to the certificate
also should be reported as TIME DEPOSITS.
TIME DEPOSITS, including SHARE CERTIFICATES and CERTIFICATES OF INDEBT
EDNESS, for which INTEREST or DIVIDENDS have been prepaid should be reported
on the basis of the face value of the deposit Issued by the credit union
without deduction for the amount of prepaid INTEREST or DIVIDENDS. For
example, if the credit unionreceived $10,000 in exchange for
a certificate
of deposit issued at a face value of $10,000 and prepaid $500 in INTEREST or
DIVIDENDS, the credit union should report as a TIME DEPOSIT the $10,000
received at the time of issuance. For reporting purposes, the $500 prepaid
INTEREST or DIVIDENDS should not be deducted from the face amount of the
certificate.
Include the following as TIME DEPOSITS, regardless of whether or not
they earn INTEREST or DIVIDENDS:
1.

TIME CERTIFICATES of DEPOSIT or SHARE CERTIFICATE ACCOUNTS, whether
evidenced by negotiable or nonnegotlable Instruments.

TIME DEPOSITS or SHARE CERTIFICATE ACCOUNTS, open-account, evidenced
by written contracts, including CLUB ACCOUNTS or other special purpose
accounts.

Savings certificates, notice accounts, passbook accounts (but not
SAVINGS DEPOSITS or SHARE ACCOUNTS).

MONEY MARKET TIME DEPOSITS (certificates).

-28-

Funds received or held in escrow accounts that nay be withdrawn
after not less than 14 days from the
date of deposit or after not
less than 14 days written notice of an intended (see Section 1,
Subsection H, for the general treatment of escrow funds).

Individual Retirement Account (IRA) or Keogh Plan Accounts that
are held in the form of TIME DEPOSITS or SHARE CERTIFICATE ACCOUNTS.

TIME DEPOSITS or SHARE CERTIFICATE ACCOUNTS maintained as compensating
balances or pledged as collateral for loans.

All INTEREST or DIVIDENDS paid by crediting TIME DEPOSIT or SHARE
CERTIFICATE ACCOUNTS.

Any funds received by the credit union's AFFILIATE and later channeled
to the credit union by the AFFILIATE
in the form of a TME DEPOSIT.

Exclude from TIME DEPOSITS the following categories of liabilities that
have an ORIGINAL MATURITY of 14 days or more:
1.

HYPOTHECATED DEPOSITS (does not include DEPOSITS serving as collateral
for loans).

Liabilities of the credit union arising from REPURCHASE AGREEMENTS
involving obligations of, or fully guaranteed as to principal and
interest by, the U.S. Government or a Federal agency.

Any PRIMARY OBLIGATION (including CERTIFICATES OF INDEBTEDNESS and
other borrowed funds) issued or undertaken to obtain funds, regardless
of the use of the proceeds, when transacted with U.S. offices of
EXEMPT ENTITIES.

Funds obtained from state and local housing authorities under LOAN-TOLENDER PROGRAMS involving the Issuance of tax exempt bonds and the
subsequent lending of the proceeds to the credit union for housing
finance purposes.

Borrowings from the Central Liquidity Facility or the National Credit
Union Share Insurance Fund, or shares held by the National Credit
Union Administration (NCUA) or the NCUA Central Liquidity Facility
under a statutorily authorized assistance program.

Borrowings from a Federal Reserve Bank.

DEPOSITS for which the credit union merely reserves the right to
require at least 14 days written notice of an intended withdrawal.

ATS and SHARE DRAFT ACCOUNTS (reported in Items 4 and 6, respectively).

SAVINGS DEPOSITS or SHARE ACCOUNTS authorized for TELEPHONE or PRE
AUTHORIZED TRANSFER (reported in Items 5, 10, or 11, as appropriate).

-2910.

Other SAVINGS DEPOSITS (reported in Items 10 and 11).

11. Matured TIME DEPOSITS, which are to be reported as DEMAND DEPOSITS in
Item 1, 2, or 3, unless the deposit provides for automatic renewal
at maturity.
12. INTEREST or DIVIDENDS accrued on TIME DEPOSITS but not yet paid or
credited to a DEPOSIT account.
13. Certain obligations issued by the credit union's nondepository
AFFILIATES as described in Section 1, Subsection E.3. (These trans
actions are to be reported in Schedule A, Item 2.)

Item 13— Time Deposits— Personal
Report in Item 13 the balance of all PERSONAL TIME DEPOSITS, regardless
of ORIGINAL MATURITY.
Include as PERSONAL TIME DEPOSITS funds deposited to the credit of, or in
which the entire beneficial interest is held by, a NATURAL PERSON such as:
1.

A TIME DEPOSIT (including a SHARE CERTIFICATE or CERTIFICATE OF
INDEBTEDNESS) issued before October 1, 1980, to and held by a NATURAL
PERSON, regardless of whether or not it is TRANSFERABLE.

A TIME DEPOSIT (including a SHARE CERTIFICATE or CERTIFICATE
INDEBTEDNESS) that is issued to and held by a NATURAL PERSON
that contains on its face (or in the underlying agreement) a
that it is not TRANSFERABLE (or that is TRANSFERABLE only on
of, or with the permission of the credit union).

CLUB ACCOUNTS and other special purpose accounts that are in the
form of TIME DEPOSITS or SHARE CERTIFICATE ACCOUNTS.

Individual Retirement Account (IRA) and Keogh Plan Accounts in the
form of TIME DEPOSITS or SHARE CERTIFICATE ACCOUNTS.

Escrow accounts in the form of TIME DEPOSITS or SHARE CERTIFICATE
ACCOUNTS if the depositor is a NATURAL PERSON, notwithstanding that
the funds are held by the credit union as escrow agent.

OF
and
statement
the books

Item 14— Time Deposits— Nonpersonal
Report in Item 14 the balance of all NONPERSONAL TIME DEPOSITS.
Include as NONPERSONAL TIME DEPOSITS:
1.

Funds deposited to the credit of, or in which any beneficial interest
is held by, a depositor that is not a NATURAL PERSON.

2. A TIME DEPOSIT (including a SHARE CERTIFICATE or CERTIFICATE OF INDEBT
EDNESS) that is issued on or after October 1, 1980, and that does not
contain on its face a statement that it is not TRANSFERABLE, regardless
of to whom it is Issued.
3. A TIME DEPOSIT (including a SHARE CERTIFICATE or
a CERTIFICATE OF
INDEBTEDNESS) that is TRANSFERABLE, except those issued before October
1, 1980, to and held by a NATURAL PERSON (to be reported in Item 13).

Item 14.a.— Original Maturities of less than 4 years
Report in this item the balance of all NONPERSONAL TIME DEPOSITS with
ORIGINAL MATURITIES of 14 days or more but less than 4 years.

Item 14.b.— Original Maturities of 4 years or more
Report in this Item the balance of all NONPERSONAL TIME DEPOSITS
with ORIGINAL MATURITIES of 4 years or more.

Item 15— Total Time Deposits
Report in this item the sum of Items 13, 14.a, and 14.b.

Item 16—-Amount of TIME DEPOSITS in Denominations of $100,000 or More (included
in Items 13 and 14)
Report in this item the balance of all PERSONAL and NONPERSONAL TIME
DEPOSITS of $100,000 or more that are reported in Items 13 and 14. Include:
1.

Negotiable and nonnegotiable, TRANSFERABLE and nontransferable
certificates of deposit or SHARE CERTIFICATES issued in denomina
tions of $100,000 or more, and openaccount and other TIME DEPOSITS
or SHARE CERTIFICATE ACCOUNTS having balances of $100,000 or
more.

TIME DEPOSITS or SHARE CERTIFICATES originally issued in denomina
tions of less than $100,000 but that, because of INTEREST or DIVIDEND
paid or credited, or because of additional deposits, now have a
balance of $100,000 00 or
more.

The balance of all PRIMARY OBLIGATIONS (including CERTIFICATES OF
INDEBTEDNESS) of $100,000 or more that are reported in Items 13
and 14.

In determining if a TIME DEPOSIT is $100,000 or more, do not combine
DEPOSITS that are represented by separate certificates or accounts, even
if held by the same customer.
Exclude from this item DEMAND DEPOSITS, SAVINGS DEPOSITS or SHARE
ACCOUNTS, ATS ACCOUNTS, TELEPHONE TRANSFER or PREAUTHORIZED TRANSFER accounts,
and SHARE DRAFT ACCOUNTS, with balances of $100,000 or more.

-31-

Item-17-— Vault Cash (P.S. Currency and Coin)
Include as vault cash:
1. United States currency and coin owned and held
by the credit union
(regardless of whether or not held on the premises) that may, at any
time, be used to satisfy depositors' claims.
2.

United States currency and coin In transit jto a
Federal Reserve Bank
for which the credit union has not yet received credit, and in transit
from a Federal Reserve Bank when the credit union has already been
charged.

United States currency and coin In transit _to a
correspondent DEPOSI
TORY INSTITUTION If the correspondent Institution's account at the
credit union has not yet been charged, and In transit from a corres
pondent Institution If the credit union's account at the correspondent
institution has already been charged.

Exclude as currency and coin:
1.

Foreign (NON-U.S.) currency and

coin..

Silver and gold coin, and other currency and coin whose numismatic
or bullion value is In excess of face value.

United States currency and coin that the credit union
does not
have full and unrestricted right to use, such as coin
collections
held for safekeeping for customers, currency and coin pledged
as collateral by the credit union or by customers, or currency
and coin sold under a REPURCHASE AGREEMENT or purchased under a
resale agreement.

-32

SCHEDULE A— OTHER RESERVABLE OBLIGATIONS BY REMAINING MATURITY
Please note that Schedule A is applicable only to those few DEPOSITORY
INSTITUTIONS that obtain funds (1) through the use of ineligible acceptances
and (2) through the issuance of obligations by AFFILIATES. No credit union
is likely to have ineligible acceptances. However, it is possible that a
few credit unions will have AFFILIATES and, therefore, may have received
funds through the issuance of obligations by AFFILIATES. If your credit
union does obtain funds through the use of ineligible acceptances or the issu
ance of obligations by AFFILIATES, you must complete Schedule A. Otherwise,
please check the box which precedes Schedule A on the reporting form indicating
that you have no ineligible acceptances or obligations by AFFILIATES.
This schedule includes a breakdown, by maturity, of amounts outstanding
of funds obtained (1) through the use of ineligible acceptances ("finance
bills”) or (2) through the issuance of obligations by AFFILIATES.
Ineligible Acceptances and Obligations by Affiliates (Items 1 and 2)
Report the following transactions in this schedule:
1.

Amounts outstanding of funds obtained through use of ineligible
acceptances ("Finance Bills"): Report the dollar amounts outstand
ing of funds obtained by the reporting institution through its sale
of any Ineligible acceptances (acceptances not eligible for discount
by Federal Reserve Banks— see Section 13 of the Federal Reserve Act
[12 U.S.C. §346 and §372]) when the obligation is issued or under
taken and discounted by the reporting institution as a means of
obtaining funds and is issued to NONEXEMPT ENTITIES. Ineligible
acceptances are sometimes referred to as FINANCE BILLS. The amounts
to be reported are the funds received, and not necessarily the face
amounts of the ineligible acceptances Issued or undertaken. Therefore,
the amounts outstanding reported in this item may differ from the
face amounts of outstanding ineligible acceptances.

Amounts outstanding of funds obtained through issuance of obligations
by affiliates: Report the dollar amounts outstanding of the funds
obtained by the reporting institution when its nondepository AFFILIATES
use the proceeds of their obligations issued to supply or maintain
the availability of funds to the reporting institution. Reservable
obligations may be in the form of promissory notes, ACKNOWLEDGEMENTS
OF ADVANCE, due bills, or similar obligations (written or oral), with
maturities of less than four years. However, such obligations are
reservable only to the extent that they would have constituted DEPOSITS
as described in Section 1, Subsection E.l, or PRIMARY OBLIGATIONS as
described in Section 1, Subsection E.2, had they been Issued directly
by the reporting DEPOSITORY INSTITUTION.

Exclude from Schedule A funds obtained by the credit union through
obligations Issued by AFFILIATES and deposited at the credit union in the
form of DEMAND, SAVINGS, or TIME DEPOSITS. Such funds should be reported on
this report as DEMAND, SAVINGS or TIME DEPOSITS,

-33-

If the AFFILIATE'S obligation is determined to be a reservable
DEPOSIT or PRIMARY OBLIGATION to be reported in Schedule A, then the
appropriate reserve requirement is determined by the shorter of (1)
the maturity of the AFFILIATE'S obligation or (2) the maturity of the
obligation Issued by the reporting institution to the AFFILIATE or, in
the case of assets purchased from the reporting institution, the remaining
maturity of the assets purchased.
The following chart summarizes the conditions under which the
proceeds from the issuance of an obligation by an AFFILIATE would be
reservable and indicates the appropriate section of this report in
which the funds should be reported:

Funds received by
reporting institution
in the form of a
DEPOSIT or a PRIMARY
OBLIGATION

Funds received by
reporting institu
tion in the form of
a DEPOSIT or PRIMARY
OBLIGATION

AFFILIATE'S Obligation—
would have been a DEPOS
IT or a PRIMARY OBLIGA
TION if issued by the
reporting institution

To be reported as a
DEMAND, SAVINGS, or
TIME DEPOSIT, as
appropriate. (See
Example 1 below)

To be reported
on Schedule A
(See Example 2
below)

AFFILIATE'S Obligation—
would not have been a
DEPOSIT or a PRIMARY OBLI
GATION if issued by the
reporting institution

To be reported as a
DEMAND, SAVINGS, or
TIME DEPOSIT, as
appropriate. (See
Example 3 below)

To be excluded from
this report (See
Example 4 below)

Example 1:
The AFFILIATE Issues commemrcial paper with a maturity of 6 months
to a nonfinancial corporation and immediately supplies the proceeds to the
reporting institution by buying from the reporting institution a time certi
ficate of deposit (CD) with an original maturity of one year. While both
the AFFILIATE'S and the reporting institution's obligation are reservable,
reserves need not be maintained against both obligations. Thus, reserves
should be held against the amount of funds supplied to the reporting institu
tion i.e., the dollar amount of the CD; but the appropriate reserve ratio is
determined by the shorter of the maturity of the AFFILIATE'S commercial paper
or the reporting institution's CD. In this example, reserves would be held
for a TIME DEPOSIT with a 6 month maturity. The funds received by the report
ing institution would be reported in Item 14.a, "Nonpersonal Time Deposits
with Original Maturity of less than 4 years."

-34-

Example 2:
The AFFILIATE Issues an unsecured DUE BILL to a NONEXEMPT entity with
a maturity of 3 months and supplies the proceeds to the reporting institu
tion when the DUE BILL has a remaining maturity of 2 months. The AFFILIATE
supplies the proceeds of the DUE BILL by purchasing assets from the report
ing institution maturing in 1 month. The AFFILIATE'S obligation is
reservable and the sale of the assets by the reporting institution to the
AFFILIATE is not. Thus, the reporting institution must hold reserves
because the AFFILIATE'S obligation is subject to reserve requirements. The
maturity category Is determined by the remaining maturity of the assets sold
by the reporting institution to the AFFILIATE (1 month), which Is shorter
than the REMAINING MATURITY of the DUE BILL (2 months). In this example,
the reserve requirement would be for the AFFILIATE'S due bill (a PRIMARY
OBLIGATION) and the appropriate maturity would be one month, which is the
remaining maturity of the assets purchased. The funds received by the report
ing institution should be reported in Item 2.b of Schedule A.

Example 3:
The AFFILIATE sells commercial paper with a maturity of 3 months to a
commercial bank and supplies the proceeds to the reporting institution by
depositing such funds with the reporting institution in a DEMAND DEPOSIT.
The AFFILIATE'S sale of commercial paper to a commercial bank is not subject
to reserve requirements, but the DEMAND DEPOSIT is. Thus, the reporting
institution would hold reserve requirements against the DEMAND DEPOSIT as a
TRANSACTION ACOOUNT. The funds received by the reporting institution should
be reported in Item 3, "Other Demand Deposits."

Example 4:
The AFFILIATE sells U.S. government securities under an agreement to
repurchase and uses the proceeds to purchase assets from the reporting
institution. Neither the sale of U.S. government security RP nor the purchase
of assets are subject to reserve requirements. Thus, the reporting institution
would not hold reserve against this transaction. The funds received by the
reporting Institution should be excluded entirely from this report.
The maturities to be reported in Items 1 and 2 are the REMAINING
MATURITIES of the obligations at the time the proceeds are supplied to the
reporting institution.

Item 1— Maturing in less than 14 days
Report in Item 1 amounts outstanding of funds obtained through the use
of ineligible acceptances and from issuance of obligations by AFFILIATES
maturing in less than 14 days.

-35-

Item 2— Maturing in 14 days or more but less than 4

years

Report in Item 2 amounts outstanding of funds
obtained through the use
of ineligible acceptances and from issuance of obligations by AFFILIATES
maturing in 14 days or more. In Item 2.a, report those that arepersonal,
and in Item 2.b, report those that are nonpersonal.

Item 2.a.— Personal
Report in Item 2.a. all personal obligations maturing in 14 days
or more including:
1.

Funds deposited to the credit of, or in which the entire beneficial
interest is held by, a depositor that is a NATURAL PERSON.

An obligation that is issued before October 1, 1980, to and
held by a NATURAL PERSON, regardless of its transferability.

3. An obligations that is issued to or held by a NATURAL PERSON and
that contains a statement on its face that it is not TRANSFERABLE.
Item 2.b.— Nonpersonal
Report in Item 2.b. all nonpersonal obligations that mature in 14
days or more but less than 4 years including:
1. Funds deposited to the credit of, or in which any beneficial
interest is held by a depositor that is not a NATURAL PERSON.
2.

An obligations that is TRANSFERABLE, except an obligation issued
before October 1, 1980, to and held by a NATURAL PERSON.

An obligation that is issued on or after October 1, 1980, to and
held by a NATURAL PERSON and that does not contain on its face a
statement that it is not TRANSFERABLE.

G-l

GLOSSARY OF TERMS

This section provides definitions, arranged in alphabetical order, for
terms that appear In all capital letters In Sections 1 and 2 of this manual.
These definitions are used for purposes of reserve requirements only. They
may differ from definitions that appear in other rules, regulations, statutes,
or reports.
ACKNOWLEDGEMENT OF ADVANCE
A notification by a DEPOSITORY INSTITUTION of its liability for funds that
have been received. Acknowledgements of advance may take the form of a
telegraphic advice, written receipt, issuance of a credit memo or other
documentation, or simply an oral communication confirming the receipt of
funds under a borrowing-lending arrangement. Acknowledgements of advance are
PRIMARY OBLIGATIONS of the issuing DEPOSITORY INSTITUTION.
AFFILIATE
An affiliate is any corporation, association, or other similar organization
of which:
1.

of which the reporting institution, directly or indirectly owns or
controls either a majority of the voting shares or more than 50 percent
of the number of shares voted for the election of the directors,
trustees, or other persons exercising similar functions at the preceedlng
election or controls in any manner the election of a majority of the
directors, trustees, or other persons exercising similar functions; or

of which control is held, directly or indirectly, through stock owner
ship or in any other manner, by shareholders of the reporting institution
who own or control either a majority of the shares of the reporting
institution or more than 50 percent of the number of shares voted for
the election of directors of the reporting institution at the preceding
election, or by trustees for the benefit of the shareholders of the
reporting institution; or

of which the majority of its directors, trustees, or other persons
exercising similar functions also are directors of the reporting
institution.

ATS ACCOUNT
A SAVINGS DEPOSIT or SHARE ACCOUNT in which the entire beneficial interest
is held by one or more individuals and that is authorized for automatic trans
fer to a DEMAND DEPOSIT or other account pursuant to a written agreement
arranged in advance between the reporting Institution and the depositor.

G-2

BANKING BUSINESS
The business of accepting DEPOSITS, making loans, and providing
related services. The banking business does not include the acceptance
of trust funds.

BILL OF LADING DRAFT
— See COMMODITY OR BILL OF LADING DRAFT.

BROKERS SECURITY DRAFT
A DRAFT with securities or title to securities attached that is drawn
to obtain payment for the securities. This DRAFT is sent to a DEPOSITORY
INSTITUTION for collection with instructions to release the securities
only on payment of the draft.

CASH ITEM
Any instrument, whether negotiable or not, for the payment of money
which is payable on demand. Cash items include CHECKS of DRAFTS in the
process of collection drawn on a DEPOSITORY INSTITUTION, U.S. Government
CHECKS, and other items that are customarily cleared or collected by
DEPOSITORY INSTITUTIONS as cash items.

CERTIFICATE OF INDEBTEDNESS
An unsecured promissory note that represents borrowings by a credit
union from its members or nonmembers.

CERTIFIED and CASHIERS' CHECK
An unpaid CHECK or DRAFT, drawn on the reporting institution by an
authorized person for any purpose, including repayment of "Federal funds"
transactions or the payment of dividends.

CHECK
An instrument drawn on a DEPOSITORY INSTITUTION and signed by the
maker or drawer promising to pay a certain sum of money on demand to the
order of a specified person or bearer.

CLUB ACCOUNTS (special purpose accounts)
Christmas, vacation, or other similar special purpose accounts in the
form of SAVINGS DEPOSITS, SHARE ACCOUNTS, TIME DEPOSITS, or SHARE CERTIFICATE
ACCOUNTS for which there are written contracts providing that no withdrawal
can be made.

G-3

COMMODITY OR BILL OF LADING DRAFT
A DRAFT that is Issued in connection with the shipment of goods. If
the commodity or bill of lading draft becomes payable only when the ship
ment of goods against which it is payable arrives, it Is an arrival draft.
Arrival drafts are usually forwarded by the shipper to the collecting
DEPOSITORY INSTITUTION with Instructions to release the shipping documents
(e.g., bill of lading) conveying title to the goods only upon payment of
the draft. Payment, however, cannot be demanded until the goods have
arrived at the drawee's destination. Arrival drafts provide a means of
insuring payment of shipped goods at the time that the goods are released.

DEMAND DEPOSIT
A DEPOSIT described in Section 1, Subsection E.l; or a PRIMARY OBLIGA
TION described in Section 1, Subsection E.2, that is payable immediately
on demand or issued in an original maturity of less than 14 days, or that
is payable with less than 14 days notice, or for which the reporting insti
tution does not reserve the right to require at least 14 days written
notice of an intended withdrawal.

DEPOSITORY INSTITUTION
Any of the following Institutions that is empowered to accept DEPOSITS,
make loans, or provide related services; and that is Insured or Is eligible
to apply to become insured:
1. U.S. commercial banks:
A. national banks,
B. state-chartered commercial banks,
C. trust companies that are authorized
to perform a commercial BANKING
BUSINESS, and
D. private banks or unincorporated banking
institutions organized as partnerships
or proprietorships and authorized to perform
commercial BANKING BUSINESS;

G-4

2. U.S. BRANCHES AND AGENCIES of FOREIGN (NON-U.S.) BANKS;
3. EDGE ACT AND AGREEMENT CORPORATIONS;
4. savings banks (mutual and 9tock);
5. building or savings and loan associations;
6. cooperative banks;
7. homestead associations;
8. credit unions (Including corporate central credit unions);
9. industrial banks, including Morris Plan banks, thrift and loan
companies, and industrial savings banks.
The term DEPOSITORY INSTITUTION excludes the following:
1. A trust company whose principal function is to accept and execute
trust arrangement or act in a purely fiduciary capacity.
2. A cash depository, cooperative exchange, or similar depository
organization whose principal function is to serve as a safe deposit
institution.
3. A finance company, whether or not empowered to receive deposits or
sell certificates of deposit.
4. U.S. Government agencies and instrumentalities, such as the
Central
Liquidity Facility, National Credit Union Share InsuranceFund,
Federal Home Loan Bank Board, Federal Home Loan Banks, Federal
Intermediate Credit Banks, Federal Land Banks, Banks for Cooperatives,
Federal Home Loan Mortgage Association, Federal Deposit Insurance
Corporation, Federal National Mortage Corporation, Federal Financing
Bank, and Student Loan Marketing Association.
5. Export-Import Bank of the U.S.
6. Government Development Bank of Puerto Rico.
7.

Minbanc Capital Corporation.

Federal Reserve

Banks.

DEPOSITS
— See Section 1, Subsection E.l, or Section 204.2 (a) of Regulation D.

6 -5

DIRECT SENT CASH ITEM
A CASH ITEM sent for collection directly by the reporting institution
in one Federal Reserve District for collection from a Federal Reserve
Bank located in another district.

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

EDGE ACT AND AGREEMENT CORPORATIONS
Corporations organized under Section 25(a) of the Federal Reserve Act
or under state law whose principal purpose is to engage in international
banking or foreign financial operations under limitations established by
the Federal Reserve Board.

EXEMPT ENTITIES
U.S. offices of the following:
1. U.S. commercial banks and trust companies and their operations
subsidiaries;
2. a U.S. BRANCH OR AGENCY OF A FOREIGN (NON-U.S.) BANK;
3. EDGE ACT AND AGREEMENT CORPORATIONS;
4. industrial banks;
5. mutual and stock savings banks;
6. building or savings and loan associations and homestead associations
7. cooperative banks;
8. credit unions (Including corporate central credit unions);
9. New York State investment companies (chartered under Article XII of
the New York State Banking Code) that perform a BANKING BUSINESS;
10. U.S. Government agencies and Instrumentalities, including the
Central Liquidity Facility, National Credit Union Share Insurance
Fund, Federal Reserve Banks, Federal Home Loan Bank Boar.d, Federal
Home Loan Banks, Federal Intermediate Credit Banks, Federal Land
Banks, Banks for Cooperatives, the Federal Home Loan Mortgage
Corporation, Federal Deposit Insurance Corporation, Federal National
Mortgage Association Federal Financing Bank, and Student Loan
Marketing Association;

G-6

11. Export-Import Bank of the U.S.;
12. Government Development Bank of Puerto Rico;
13. Minbanc Capital Corporation;
14. securities dealers, but only when the borrowing (a) has a
maturity of one day, (b) is in immediately-available funds,
and (c) is in connection with the clearance of securities; and
15. the U.S. Treasury (TREASURY TAX AND LOAN ACCOUNT NOTE BALANCES).

FEDERAL PUBLIC FUNDS
Funds of the U.S. Government and funds the deposit of which is subject
to the control and regulation of the United States or any of its officers,
agents, or employees.

FEDERAL RESERVE DRAFT
A DRAFT issued by a DEPOSITORY INSTITUTION that is drawn on its account
at a Federal Reserve Bank and that is payable by the Federal Reserve Bank.

FOREIGN (NON-U.S.) BANK
A bank organized under foreign (NON-U.S.) law. Foreign banks include
commercial banks, merchant banks, discount houses, and similar DEPOSITORY
INSTITUTIONS, including nationalized banks that perform essentially a
BANKING BUSINESS and do not perform, to any significant extent, official
functions of FOREIGN (NON-U.S.) GOVERNMENTS.

FOREIGN (NON-U.S.) GOVERNMENTS
Central, national, state, provincial, and local governments in foreign
(NON-U.S.) countries (including their ministries, departments, and agen
cies) that perform functions similar to those performed in the United
States by government entitles.
Foreign governments also Include FOREIGN OFFICIAL BANKING INSTITUTIONS.

FOREIGN (NON-U.S.) NATIONAL GOVERNMENT
A central or national government that performs functions similar to
those performed by the Federal Government of the United States. State,
provincial, and local governments are not included as foreign national
governments.

G-7

FOREIGN OFFICIAL BANKING INSTITUTIONS
Central banks, nationalized banks and other banking institutions in
foreign (NON-U.S.) countries that are owned by central governments and
that have as a significant part of their fuction activities similar to
those of a treasury, central bank, exchange control office, stabilization
fund, etc.

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

IMMEDIATELY-AVAILABLE FUNDS
Funds that the reporting institution can invest or dispose of on the
same business day that the transaction giving rise to receipt of the
funds is executed. Such funds are sometimes referred to as "collected,"
"actually collected," "finally collected," or "good" funds.

INTEREST or DIVIDENDS
Any payment to, or for the account of, a depositor as compensation for
the use of deposit funds. Payments to a depositor that are not related
to the use of deposit funds by the reporting institution are not interest.
For example, if existing depositors are offered monetary or other compen
sation for attracting new depositors, that compensation does not constitute
interest or dividends. Similarly, one-time premiums (whether in the
form of merchandise, credit, or cash) that are used to attract new depositors
represent advertising or promotional expenses rather than a payment of
interest or dividend, provided that their wholesale cost does not exceed
$5.00 per deposit under $5,000 and $10 per deposit of $5,000 or more.
Finally, interest or dividends do not include the cost of administrative
or processing services absorbed by the reporting institution in relation
to deposit accounts. For example, the reporting institution's payment
of state personal property taxes on bank deposits or the market value of
an advisory individual account analysis of the depositor does not constitute
Interest or dividends.

G-8

INTERNATIONAL INSTITUTION
(1)
Any international entity of which the United States is a member,
such as the International Bank for Reconstruction and Development (World
Bank), International Monetary Fund, Inter-American Development Bank, and
the United Nations, and (2) other foreign, international, or supranational
entities of which the United States is not a member, such as the African
Development Bank, Central Treaty Organization, European Atomic Energy
Community, European Economic Community, European Development Fund,
Caribbean Development Bank, Bank for International Settlements, etc*
(See Regulation Q [12 CFR § 217.126].)

ITEMS PAYABLE THROUGH
— See PAYABLE THROUGH DRAFT.

LOAN-TO-LENDER PROGRAM
A loan-to-lender program Involves the Issuance of tax-exempt bonds by
a state or local housing authority and the subsequent lending of the pro
ceeds to a reporting institution with the condition that these funds be
used to make specified types of residential real estate loans. The funds
advanced to institutions under the program are evidenced by a loan agreement
and a promissory note issued by the institution to the housing authority.

MONEY MARKET TIME DEPOSITS
A nonnegotiable TIME DEPOSIT that must be Issued in denominations of
$10,000 or more with an ORIGINAL MATURITY of exactly 26 weeks. The maxi
mum rate of INTEREST which DEPOSITORY INSTITUTIONS may pay on these deposits
is tied to the discount rate (auction average) on the most recently issued
six-month Treasury- bills. Compounding of INTEREST is not permitted on these
deposits.

NATURAL PERSON
For purposes of this report, a natural person is an individual or sole
proprietorship. The term excludes a corporation owned by one or more
Individuals, a partnership or other association.

NONCASH ITEM
Any item that is not a CASH ITEM.

NONEXEMPT ENTITY
Any entity that is not listed as an EXEMPT ENTITY.

G-9

NONPERSONAL SAVINGS DEPOSITS
A SAVINGS DEPOSIT that is not a TRANSACTION ACCOUNT and that represents
funds deposited to the credit of, or in which any beneficial interest is
held by, a depositor that is not a NATURAL PERSON.

NONPERSONAL TIME DEPOSITS
NONPERSONAL TIME DEPOSITS means:
(1) a TIME DEPOSIT representing funds deposited to the credit of,
or in which any beneficial interest is held by, a depositor
which is not a NATURAL PERSON;
(2) a TIME DEPOSIT that is TRANSFERABLE, except a TIME DEPOSIT in
issued before October 1, 1980, to and held by a NATURAL PERSON;
and
(3) a TIME DEPOSIT Issued on or after October 1, 1980, to and
held by a NATURAL PERSON that does not contain on its face a
statement that it is not TRANSFERABLE.

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

NON-U.S. BANK
--See FOREIGN (NON-U.S.) BANK.

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

G-10

PAYABLE THROUGH DRAFT
A DRAFT drawn upon a nonbank payor, which states on its face that
it is payable through a particular bank.

PERSONAL SAVINGS DEPOSIT
A SAVINGS DEPOSIT that represents funds deposited to the credit of, or
in which the entire beneficial interest is held by, a depositor that is
a NATURAL PERSON.

PERSONAL TIME DEPOSIT
A TIME DEPOSIT that represents funds deposited to the credit of, or in
which the entire beneficial interest is held by, a depositor that is a
NATURAL PERSON, including (a) a TIME DEPOSIT that was issued before
October 1, 1980, to and held by a NATURAL PERSON, regardless of its trans
ferability, or (b) a TIME DEPOSIT that is issued to or held by a NATURAL
PERSON and that contains on its face a statement that it is not, TRANSFERABLE.

PREAUTHORIZED TRANSFERS
— See TELEPHONE and PREAUTHORIZED TRANSFERS.

PRIMARY OBLIGATIONS
— See Section 1, Subsections E.2, E.3, and E.4 of these instructions and
Section 204.2, (a)(l)(iv), (a)(l)(v), and (a)(l)(vii) of Regulation D.

REPURCHASE AGREEMENT
An arrangement involving the sale of a security or other asset under
a prearranged agreement to repurchase the same or similar security or
asset at a later date.

RETURNED ITEM
A CHECK or DRAFT that is returned by a drawee institution to the
presenting institution because of certain irregularities that, if waived,
might result in a loss to the drawee institution. The item is returned
so that the presenting institution may correct the defect or take such
other action as may be necessary, such as.charging the depositor’s account.

ROLL-OVER CERTIFICATE OF DEPOSIT
A certificate of deposit transaction (sometimes referred to as a "rolypoly") where a depositor agrees to maintain funds on deposit with a

G-ll

DEPOSITORY INSTITUTION at a specified rate for a certain period, usually
several years. Instead of receiving one certificate of deposit maturing
at the end of the period, however, the depositor agrees to purchase
a series of short-term certificates of deposit. The depositor Initially
buys a short-term certificate, and when it matures, is required under the
terms of the deposit agreement to purchase another short-term certifi
cate. This process continues until the long-term contract period expires.

SAVINGS DEPOSIT
A DEPOSIT described in Section 1, Subsection E.l; or a PRIMARY OBLIGA
TION described In Section 1, Subsection E.2, that is not payable on a
specified date or after a specified period of time from the date of
deposit, but for which the bank expressly reserves the right to require
at least 14 days written notice before an intended withdrawal.

SHARE ACCOUNT
Funds in the form of shares purchased by a member or other approved
depositor which are received or held by the credit union In its usual
course of business and for which the credit uion has given, or is obligated
to give, credit to the account of the depositor. This account is not
payable on a specified date or after a specified period of time. However,
the credit union expressly reserves the right to require at least 14 days
written notice before an intended withdrawal of all or any portion of the
shares in an account.

SHARE CERTIFICATE ACCOUNT
A TRANSFERABLE or nontransferable instrument or account which provides
on its face or in the underlying agreement that a specified amount of
shares is payable:
1.

on a certain date, specified in the Instrument or underlying
agreement, not less than 14 days after the purchase date of shares;
or

at the expiration of a certain specified time not less than 14
days after the date the Instrument Is issued or the account is
opened; or

upon notice in writing which actually is required to be given by
the account holder not less than 14 days before the date of
repayment.

A share certificate account earns a dividend, and a penalty is assessed
for early withdrawal.

G-12

SHARE DRAFT
A negotiable or nonnegotiable DRAFT signed by the account holder
directing the credit union on which the draft is drawn to pay a certain
sum of money on demand to a specified person or bearer. Such drafts are
used to withdraw shares from a SHARE DRAFT ACCOUNT.

SHARE DRAFT ACCOUNT
A SHARE ACCOUNT from which shares may be withdrawn or transferred to
third parties by means of a negotiable or TRANSFERABLE instrument or
other order such as a SHARE DRAFT.

TELEPHONE AND PREAUTHORIZED TRANSFER
Any arrangement by the DEPOSITORY INSTITUTION to pay a third party
from the account of a depositor (1) upon written or oral instruction
(Including an order received through an automated clearing house (ACH)),
or (2) at a predetermined time or on a fixed schedule or (3) by telephone
transfer. Under such agreements, the depositor may make withdrawals by
preauthorized transfer or payment, by telephone transfer or payment, or
by payment to third parties by means of a debit card, an automated teller
machine (ATM), remote service unit (RSU), or other electronic device.

TIME DEPOSIT, OPEN ACCOUNT
A deposit other than a TIME CERTIFICATE OF DEPOSIT with respect to
which there is in force a written contract with the depositor that
neither the whole nor any part of such deposit may be withdrawn prior
to the date of maturity, which shall be not less than 14 days after
the date of deposit, or prior to the expiration of the period of notice
which must be given by the depositor in writing not less than 14 days
in advance of withdrawal.

TIME DEPOSIT. TIME CERTIFICATE OF DEPOSIT
A DEPOSIT described in Part I, Section 1, Subsection E.l; or a PRIMARY
OBLIGATION described in Part I, Section 1, Subsection E.2, that is payable
on a specified date, after a specified period of time from the date of
deposit, or after a specified notice period, which in all cases may be not
less than 14 days from the date of deposit.
A TIME DEPOSIT may be represented by a TRANSFERABLE or nontransferable,
or a negotiable or nonnegotiable, certificate, instrument, passbook or
statement. A nonnegotiable TIME DEPOSIT is distinguished from a non
transferable TIME DEPOSIT in that the transferee of a nonnegotiable TIME
DEPOSIT would not be a holder in due course and would not have the ability
to cut off certain defenses of an obligor even though an exchange for value
to be made.

G-13

TRANSACTION ACCOUNT
A DEPOSIT or account on which the depositor or account holder is per
mitted to make withdrawals by negotiable or TRANSFERABLE Instrument
(SHARE DRAFTS), payment orders of withdrawal, telephone transfers, or
other similar device for the purpose of making payments or transfers to
third persons or others. "Transaction account" includes:
(1)

DEMAND DEPOSITS;

(2)

DEPOSITS or accounts subject to withdrawal by CHECK, DRAFT,
negotiable order, or SHARE DRAFT;

(3)

SAVINGS DEPOSITS or SHARE ACCOUNTS in which the entire beneficial
interest is held by one or more individuals and that are autho
rized for automatic transfer to a DEMAND DEPOSIT or other account
pursuant to a written agreement arranged in advance between the
reporting institution and the depositor (ATS ACCOUNTS);

(4)

DEPOSITS or accounts in which payment may be made to third parties
by means of a debit card, an automated teller machine (ATM),
remote service unit (RSU), or other electronic device; and

(5)

DEPOSITS or accounts from which the depositor is permitted or
authorized to make more than 3 withdrawals per month for purposes
of transferring funds to another account or making a payment to
a third party by means of TELEPHONE or PREAUTHORIZED TRANSFER
or payment.

NOTE: An account is not regarded as a transaction account merely
because it permits transfers in connection with loans made by the
institution itself.

TRANSFERABLE
The transferee of a transferable TIME DEPOSIT would be a holder in
due course and would have the ability to cut off certain defenses of
an obligor. A TIME DEPOSIT is not considered a transferable TIME
DEPOSIT if it can be pledged as collateral for a loan from any lender,
or if the title or beneficial interest in the deposit or account can
be passed on in circumstances arising from death, bankruptcy, divorce,
marriage, incompetency, attachment, or otherwise by operation of law.
In addition, the reissuance of a TIME DEPOSIT by an institution in
the name of another or the addition or subtraction of names on the
TIME DEPOSIT will not be regarded as a transfer.

UNPOSTED CREDITS
Items that have been received for DEPOSIT and that are in process of
collection but thatrhave not been posted to individual or general ledger
deposit accounts. These credits should be reported as DEPOSITS.

G-14

UNPOSTED DEBITS
CASH ITEMS drawn on the reporting institution that have been "paid"
or credited by the DEPOSITORY INSTITUTION and that are chargeable but
that have not been charged against DEPOSITS as of the close of business.
These items should be reported as "cash items in process of collection”
until they have been charged to either individual or general ledger
deposit accounts.

U.S.
The 50 states of the United States and the District of Columbia.

U.S. BRANCHES AND AGENCIES OF FOREIGN (NON-U.S.) BANKS
Branches and agencies of foreign (NON-U.S.) banks operate as a U.S.
office of their foreign (NON-U.S.) parent bank. A branch or agency may be
licensed by the U.S. government, or by a state of the U.S. As defined
by the International Banking Act of 1978, a "branch" means any office or
any place of business of a foreign bank located in any state of the
United States at which DEPOSITS are received; an "agency" means any office
or any place of business of a foreign bank located in any state of the
United States at which CREDIT BALANCES are maintained incidental to or
arising out of the exercise of banking powers, CHECKS are paid, or money
is lent but at which DEPOSITS may not be accepted from citizens or
residents of the United States.

U.S. TREASURY GENERAL ACCOUNT
A Treasury account maintained at the reporting institution to which
government officers deposit funds obtained in connection with special
collections, such as customs fees or other tax collections.

U.S. TREASURY TAX AND LOAN ACCOUNT
A Treasury DEMAND DEPOSIT account maintained at the reporting DEPOSITORY
INSTITUTION through which the Treasury receives DEPOSITS (receipts),
principally of Federal tax payments and proceeds from the sale of savings
bonds. The account does not include TREASURY TAX AND LOAN ACCOUNT NOTE
BALANCES.

U.S. TREASURY TAX AND LOAN ACCOUNT NOTE BALANCE
That balance representing the total amount outstanding of open-ended
interest bearing notes issued by the reporting DEPOSITORY INSTITUTION to
the U.S. Treasury under the TREASURY TAX AND LOAN ACCOUNT note option
program.

G-15

A depository authorized to accept U.S. TREASURY TAX AND LOAN ACCOUNT
DEPOSITS may administer such accounts under either of two options: (1)
the remittance option and (2) the note option. Under the remittance option,
depositories must send the previous day's tax and loan account balance as
of the close of business to the Federal Reserve Banks. Under the note option,
depositories will automatically convert the previous day's close-of-business
balance in their tax and loan account to an interest-bearing demand note,
which must be fully collateralized.

Y ou m ust file a R ep ort o f Certain Euro
currency Transactions if y o u r institution
h ad during t h e reporting period a n y foreign
borrowings.

F R 2900
A pproved b y Federal Reserve B o a rd —August 1 9 8 0

Report of Transaction Accounts, Other Deposits and Vault Cash
For the week ended.

.. 19.

If y o u r in stitu tio n had n o o u tstan d in g balances of tran sactio n acco u n ts (Item 7),
o th e r nonpersonal savings d eposits (Item 11), nonpersonal tim e deposits w ith
original m atu rities of less th an 4 years (Item 14.a), o r ineligible acceptances or
obligations b y affiliates m aturing in less th an 4 years (Schedule A, Items 1 and
2.b), y o u need n o t c o m p lete this re p o rt. R a th e r, please ch eck this bo x , sign the
report, an d retu rn it to th e designated Federal Reserve Bank. G

This rep o rt is required by law [1 2 U.S.C. § 248(a) and §461 ].
T he Federal Reserve S y stem regards t h e in fo rm atio n provided by each respondent
as confidential. If it sh o u ld be d e term in ed subsequently th a t an y inform ation
collected on this fo rm m ust be released, resp o n d en ts will be notified.

PLEASE READ INSTRUCTIONS PRIOR TO COMPLETION OF T H IS REPORT
R e p o rt all balances as of th e close of business each day to the nearest th o u sa n d dollars

Item
Code
Items

C olum n 1

C olum n 2

C olum n 3

C olum n 4

C olum n 5

C olum n 6

C olum n 7

Thursday

Friday

Saturday

Sunday

Monday

Tuesday

Wednesday

Mils.

Thous.

Mils.

Thous.

Mils.

Thous.

Mils.

T hous.

■

ill

Mils.

C olum n 8
Total

Thous.

Mils.

Thous.

TRANSACTIO N ACCOUNTS
Demand Deposits
1.

S i 111S li. rlllilS B

Due to depository institutions:

.................................

. Ml i

1111(8 ill!

i|!!!!:!!lllllS!!!!I!!!!!!!!!i!!!

2311

b. Other depository institutions.....................................

2312

U.S. G overnm ent..............................................................

2280

Other demand.....................................................................

2340

a. Banks

.Other Transaction Accounts
4.

ATS accounts.....................................................................

2402

Telephone and preauthorized transfers.........................

2403

NOW Accounts/Share Drafts .........................................

2398

7 . Total (must equal sum of Items 1 through 6 above)..............

2215

•

DEDUCTIONS FROM TRANSACTION ACCOUNTS
8.

.•

. . ......... :............................. ::: :

.. .'

•

•.

...

.7::

Demand balances due from depository institutions
in the U.S.............................................................................

0063

Cash items in process of collection................................

0 020

OTHER SAVINGS AND TIM E DEPOSITS
Other Savings Deposits

lllllllllllllll

10.

Personal ..............................................................................

2368

11.

Nonpersonal.......................................................................

2369

12.

Total (must equal sum of Items 10 and 11) ................

2389

12
Please c o n tin u e on page 2.

F R 2900
Page 2

R eport all balances as of th e close of business each day to the nearest thousand dollars

Item
Code
Items

C olum n 1

C olum n 2

C olum n 3

Colum n 4

Colum n 5

Colum n 6

Colum n 7

Thursday

Friday

Saturday

Sunday

Monday

T uesday

Wednesday

Mils.

T hous.

Mils.

Thous.

Mils.

Thous.

Mils.

Thous.

Mils.

Thous.

Mils.

T hous.

Mils.

Thous.

Colum n 8
Total
Mils.

Thous.

OTHER SAVINGS AND T IM E DEPOSITS (continued)
Time Deposits
13.

Personal (regardless of m aturity).....................................

14.

Nonpersonal:.......................................................................

2563

a. Original maturity of less than 4 years.......................

2557

b. Original maturity of 4 years or m o r e .......................

2558

15.

Total (must equal sum of Items 13 and 14) ................

2514

16.

All time deposits in denomination of $100,000 or
more (included in Items 13 and 1 4 ) ..............................

2604

17. V A U L T C A S H ................................................................................

0080

•

If your institution had no ineligible acceptances or obligations by affiliates, please check this box and do not complete Schedule A. □
■■■■...

........

- n ’" ' " " . " -***",

•

............................

...--------- --------- ---- -- —-------------------------------------------------- --- --------------------- -

SCHEDULE A: OTHER RESERVABLE OBLIGATIONS BY
REM AINING M A TU R ITY
Ineligible Acceptances and Obligations by Affiliates
1.

Maturing in less than 14 d a y s .........................................

Maturing in 14 days or more but less than 4 years:

2245

a. Personal.........................................................................

2877

b. Nonpersonal..................................................................

2878

I certify that the information shown on this report is correct

A u th o riz ed Signature

T itle

Person to be C ontacted Concerning this R ep o rt (please prin t)

A rea Code and Teleph one N um ber

PLEASE RETURN BY NO LATER THAN THE THURSDAY AFTER THE REPORT DATE TO:

ACCOUNTING DEPARTMENT, FEDERAL RESERVE BANK BRANCH, HOUSTON, TEXAS 77001

FR 2950
A p p ro v e d by Federal Reserve B o a rd —A ugu st 1 9 8 0

Report of Certain Eurocurrency Transactions
For All Depository Institutions Other Than U.S. Branches and Agencies of Foreign Banks
For the week ended___________________________________ _ 19______
If y o u r in stitu tio n h ad no o u tsta n d in g balances to r e p o r t, please ch eck
th is b o x , sign t h e re p o rt, an d re tu rn to t h e F ederal Reserve Bank
d e sig n ated below . □

T h is r e p o rt is req u ired by law [1 2 U.S.C. § 2 4 8 (a) a n d § 4 6 1 ] .
T h e Federal Reserve S y stem regards th e in fo rm a tio n p rovided by each
r e s p o n d e n t as c o n fid en tial. If it sh o u ld be d e te rm in e d su b seq u en tly th a t
an y in fo rm a tio n co llected on this f o rm m u st be released, re sp o n d e n ts will
b e no tified .

PLEASE READ IN STR U CTIO NS PRIOR TO COMPLETION OF T H IS REPORT
C o lu m n 2

C o lu m n 3

C o lu m n 4

C o lu m n 5

Gross Balances
Due to Own
Non-U.S. Branches

Gross Balances
D ue f ro m O w n
N on-U .S .B ranches

A ssets S o ld to
a n d H eld b y O w n
N on-U .S. Branches
A cq u ired fro m
U.S. Offices

C red it E x te n d e d b y
O w n N on-U.S .
Branches to
U.S. R esidents

C o lu m n 1

Day o f
Week

B orrow ings f ro m
N on-U.S. O ffices of
O th e r D e p ository
Institu tio n s an d
f ro m C ertain
D esignated Non-U.S.
E ntities

Date

M onth

Day

Mils.

T hous.

Mils.

T h o u s.

Mils.

T h o u s.

Mils.

T h o u s.

T h ursday

Friday
S atu rd ay

S u n d ay
M on d ay
T u esd ay

W ednesday

TOTAL

__________________________________________________________

I certify that the information shown on this report is correct.

N a m e and Address o f In s titu tio n

A u th o riz e d S ignature

T itle

Person to be c o n ta c te d concern ing this re p o rt

A re a C o d e and T e le p h o n e N u m b e r

PLEASE RETURN BY NO LATER THAN THURSDAY
FO LLO W ING TH E REPORTING DATE
TO:

A C C O U NTIN G DEPARTMENT
FEDERAL RESERVE BANK BRANCH
HOUSTON, TEXAS 77001

- A m .

Full text of District Notices (Federal Reserve Bank of Dallas) : [Credit Unions With Total Deposits Between $2 and $15 Million Begin Filing Quarterly Reserve Reports January 1981 Under the Monetary Control Act], Circular No. 81-5B

FRASER