RCFDK658: Banker's Bank Deduction Limit
RCFDK658 is the call report code for banker's bank deduction limit, reported on Schedule RC-O, Other Data for Deposit Insurance Assessments.
Definition
A qualifying banker's bank is eligible to have certain assets deducted from its assessment base, subject to a limit. Report in this item the banker's bank deduction limit, which equals the sum of a qualifying banker's bank's average deposits of commercial banks and other depository institutions in the U.S. plus its average federal funds purchased. These averages should be calculated on a daily or weekly basis consistent with the qualifying banker's bank's calculation of its average consolidated total assets in Schedule RC-O, item 4 (and as reported in Schedule RC-O, item 4.a). Deposits of commercial banks and other depository institutions in the U.S. are defined in the instructions for Schedule RC-E, item 4. Federal funds purchased are defined in the instructions for Schedule RC, item 14.a, 'Federal funds purchased.' See also the Glossary entry for 'federal funds transactions.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCFDK658 sits on the call report
| Code | RCFDK658 (prefix RCFD, item K658) |
|---|---|
| Prefix RCFD | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices). |
| Schedule | RC-O, Other Data for Deposit Insurance Assessments |
| Reported on | FFIEC 031 |
| Value | Dollar amount, reported in thousands, as of the quarter end |
| In the MDRM since | 2011 |
The same item under other prefixes
Item K658 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix |
|---|---|
| RCONK658 | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items |
Related
All codes on Schedule RC-O · All call report schedules · Find the code for a loan type · What a call report is