Instructions For Schedule Rc-L (Form Ffiec 031 And 041) - Derivatives And Pff-Balance Sheet Items Page 2
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18FFIEC 031 and 041
RC-L – DERIVATIVES AND OFF-BALANCE SHEET
Item No.
Caption and Instructions
Credit card lines . Report the unused portions of all commitments to extend credit both to
1.b
individuals for household, family, and other personal expenditures and to commercial or
industrial enterprises through credit cards. Exclude home equity lines accessible through
credit cards. Banks may report unused credit card lines as of the end of their customers' last
monthly billing cycle prior to the report date or as of the report date.
Commercial real estate, construction and land development . Report in the appropriate
1.c
subitem the unused portions of commitments to extend credit for commercial real estate,
construction, and land development activities.
Commitments to fund loans secured by real estate . Report the unused portions of
1.c.(1)
commitments to extend credit for the specific purpose of financing commercial and multifamily
residential properties (e.g., business and industrial properties, hotels, motels, churches,
hospitals, and apartment buildings), provided that such commitments, when funded, would be
reportable as either loans secured by multifamily residential properties in Schedule RC-C,
part I, item 1.d, or loans secured by nonfarm nonresidential properties in Schedule RC-C,
part I, item 1.e.
Also include the unused portions of commitments to extend credit for the specific purpose of
financing land development (i.e., the process of improving land - laying sewers, water pipes,
etc.) preparatory to erecting new structures or the on-site construction of industrial,
commercial, residential, or farm buildings, provided that such commitments, when funded,
would be reportable as loans secured by real estate in Schedule RC-C, part I, item 1.a,
"Construction, land development, and other land loans." For this item, "construction" includes
not only construction of new structures, but also additions or alterations to existing structures
and the demolition of existing structures to make way for new structures. Also include in this
item loan proceeds the bank is obligated to advance as construction progress payments.
Do not include general lines of credit that a borrower, at its option, may draw down to finance
construction and land development (report in Schedule RC-L, item 1.c.(2) or item 1.e, below,
as appropriate).
Commitments to fund loans not secured by real estate . Report the unused portions of all
1.c.(2)
commitments to extend credit for the specific purpose of financing commercial and residential
real estate activities, e.g., acquiring, developing, and renovating commercial and residential
real estate, provided that such commitments, when funded, would be reportable as
"Commercial and industrial loans" in Schedule RC-C, part I, item 4, or as "Other loans" in
Schedule RC-C, part I, item 9. Include in this item loan proceeds the bank is obligated to
advance as construction progresses.
Such commitments generally may include:
(1)
commitments to extend credit for the express purpose of financing real estate ventures
as evidenced by loan documentation or other circumstances connected with the loan; or
(2)
commitments made to organizations or individuals 80 percent of whose revenue or
assets are derived from or consist of real estate ventures or holdings.
FFIEC 031 and 041
RC-L-2
RC-L – DERIVATIVES AND OFF-BALANCE SHEET
(3-02)
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