Instructions For Schedule Rc-L (Form Ffiec 031 And 041) - Derivatives And Pff-Balance Sheet Items Page 8
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18FFIEC 031 and 041
RC-L – DERIVATIVES AND OFF-BALANCE SHEET
Item No.
Caption and Instructions
(3) Standby letters of credit issued by a Federal Home Loan Bank on behalf of the reporting
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(cont.)
bank, which is the account party on the letters of credit and therefore is obligated to
reimburse the issuing Federal Home Loan Bank for all payments made under the standby
letters of credit.
(4) Financial guarantee insurance which insures the timely payment of principal and interest
on bond issues.
(5) Letters of indemnity other than those issued in connection with the replacement of lost or
stolen or official checks.
(6) Shipside or dockside guarantees or similar guarantees relating to missing bills of lading or
title documents and other document guarantees that facilitate the replacement of lost or
stolen official checks.
All other off-balance sheet assets . Report to the extent feasible and practicable all
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significant types of off-balance sheet assets not covered in other items of this schedule.
Exclude all items which are required to be reported as assets on the balance sheet of the
Report of Condition (Schedule RC), contingent assets arising in connection with litigation in
which the reporting bank is involved, and assets held in or administered by the reporting
bank's trust department.
Report only the aggregate amount of those types of "other off-balance sheet assets" that
individually exceed 10 percent of the bank's total equity capital reported in Schedule RC,
item 28. If the bank has no types of "other off-balance sheet assets" that individually exceed
10 percent of total equity capital for which the reporting is feasible and practicable, report a
zero or the word "none."
Disclose in items 10.a through 10.e each type of "other off-balance sheet assets" reportable
in this item, and dollar amount of the off-balance sheet asset, that individually exceeds
25 percent of the bank's total equity capital reported in Schedule RC, item 28. For each type
of off-balance sheet asset that exceeds this disclosure threshold for which a preprinted
caption has not been provided, describe the asset with a clear and concise caption in
items 10.b through 10.e. These descriptions should not exceed 50 characters in length
(including space between words).
Include as "other off-balance sheet assets" such items as:
(1) Commitments to sell when-issued securities that are excluded from the requirements of
FASB Statement No. 133 (and therefore not reported as forward contracts in
Schedule RC-L, item 12.b, below). (Report the amount of these commitments in
Schedule RC-L, item 10.a, if this amount exceeds 25 percent of the bank’s total equity
capital reported in Schedule RC, item 28.)
(2) Internally developed intangible assets.
FFIEC 031 and 041
RC-L-8
RC-L – DERIVATIVES AND OFF-BALANCE SHEET
(3-02)
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