RCONK659: Custodial Bank Certification: Does the Reporting Institution Meet the Definition of a Custodial Bank Set Forth in FDIC Regulations?
RCONK659 is the call report code for custodial bank certification: does the reporting institution meet the definition of a custodial bank set forth in fdic regulations?, reported on Schedule RC-O, Other Data for Deposit Insurance Assessments.
Definition
If the reporting institution meets the custodial bank definition, it should answer 'Yes' to item 11 and complete items 11.a and 11.b. If the reporting institution does not meet the custodial bank definition, it should answer 'No' to item 11 and it should not complete items 11.a and 11.b. A custodial bank, as defined in Section 327.5(c)(1) of the FDIC's regulations, is an insured depository institution that had:
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCONK659 sits on the call report
| Code | RCONK659 (prefix RCON, item K659) |
|---|---|
| Prefix RCON | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items. |
| Schedule | RC-O, Other Data for Deposit Insurance Assessments |
| Reported on | FFIEC 041, FFIEC 051 |
| Value | Yes or no, as of the quarter end |
| In the MDRM since | 2011 |
The same item under other prefixes
Item K659 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix |
|---|---|
| RCFDK659 | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices) |
Related
All codes on Schedule RC-O · All call report schedules · Find the code for a loan type · What a call report is