RCFDB867: Does the Bank Have Any Fiduciary or Related Activity (in the Form of Assets or Accounts) to Report in This Schedule?
RCFDB867 is the call report code for does the bank have any fiduciary or related activity (in the form of assets or accounts) to report in this schedule?, reported on Schedule RC-T, Fiduciary and Related Services.
Definition
Institutions including their trust company subsidiaries) with fiduciary assets, accounts, income, or other reportable fiduciary related services should respond 'Yes.' Institutions responding 'No' should not complete the remainder of this schedule. 0=No 1=Yes Reportable fiduciary and related services include activities that do not require trust powers but are incidental to fiduciary services. Specifically, this includes custodial services for assets held by the institution in a fiduciary capacity. An institution should report custodial activities that are offered through the fiduciary business unit or through another distinct business unit that is devoted to institutional custodial services. Institutions should exclude those custodial and escrow activities related to commercial bank services such as retail and institutional brokerage assets, escrow assets held for the benefit of third parties, safety deposit box assets, and any other similar commercial arrangement. Institutions with fiduciary activities that are limited to only land trusts and/or custodial activity for mortgage-backed securities (such as GNMA or FNMA) should respond 'No.'
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFDB867 sits on the call report
| Code | RCFDB867 (prefix RCFD, item B867) |
|---|---|
| Prefix RCFD | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices). |
| Schedule | RC-T, Fiduciary and Related Services |
| Reported on | FFIEC 031 |
| Value | Yes or no, as of the quarter end |
| In the MDRM since | 2001 |
The same item under other prefixes
Item B867 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix |
|---|---|
| RCONB867 | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items |
Related
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