RCONG464: Does the Bank Provide Custody, Safekeeping, or Other Services Involving the Acceptance of Orders for the Sale or Purchase of Securities?
RCONG464 is the call report code for does the bank provide custody, safekeeping, or other services involving the acceptance of orders for the sale or purchase of securities?, reported on Schedule RC-M, Memoranda.
Definition
Indicate whether the institution takes orders from customers for the sale or purchase of securities, regardless of whether this activity occurs in a custody or safekeeping account or elsewhere in the institution as an accommodation to the customer. Place an 'X' in the box marked 'Yes' if the reporting institution takes securities sale or purchase orders from customers. Otherwise, place an 'X' in the box marked 'No.' For example, if the only persons accepting customers' orders for securities are licensed dual employees (i.e., individuals who are both employees of the bank and licensed representatives of a registered broker-dealer) who take orders under a third-party networking arrangement with a registered broker, the employees would be accepting the orders in their capacity as registered representatives of the broker and not in their capacity as bank employees. In this situation, the bank should place an 'X' in the box marked 'No.'
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCONG464 sits on the call report
| Code | RCONG464 (prefix RCON, item G464) |
|---|---|
| Prefix RCON | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items. |
| Schedule | RC-M, Memoranda |
| Reported on | FFIEC 031, FFIEC 041, FFIEC 051 |
| Value | Yes or no, as of the quarter end |
| In the MDRM since | 2009 |
Related
All codes on Schedule RC-M · All call report schedules · Find the code for a loan type · What a call report is