Schedule Rc-d - Trading Assets And Liabilities

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Schedule Rc-d - Trading Assets And Liabilities

Transcript Of Schedule Rc-d - Trading Assets And Liabilities

FFIEC 031 and 032

RC-D - TRADING

SCHEDULE RC-D - TRADING ASSETS AND LIABILITIES
General Instructions
Schedule RC-D is to be completed only by banks filing the FFIEC 031 and 032 report forms that have $1 billion or more in total assets or $2 billion or more in par/notional amount of off-balance sheet interest rate, foreign exchange rate, and other commodity and equity contracts.
Banks that (a) regularly underwrite or deal in securities, interest rate contracts, foreign exchange rate contracts, other off-balance sheet commodity and equity contracts, other financial instruments, and other assets for resale (or repurchase), (b) acquire or take positions in such items principally for the purpose of selling in the near term or otherwise with the intent to resell (or repurchase) in order to profit from short-term price movements, or (c) acquire or take positions in such items as an accommodation to customers or for other trading purposes shall report in this schedule the value of such items or positions on the report date. Assets, liabilities, and other financial instruments held for trading shall be consistently valued at fair value.
Do not include in this schedule the carrying value of any available-for-sale securities or of any loans or leases that are held for sale. Available-for-sale securities are generally reported in Schedule RC, item 2.b, and in Schedule RC-B, columns C and D. However, a bank may have certain assets that fall within the definition of "securities" in FASB Statement No. 115 (e.g., nonrated industrial development obligations) that the bank has designated as "available-for-sale" which are reported for purposes of the Report of Condition in a balance sheet category other than "Securities" (e.g., "Loans and lease financing receivables"). Loans and leases held for sale should be reported in Schedule RC, item 4.a, "Loans and leases, net of unearned income," and in Schedule RC-C (including part I, Memorandum item 5).
Item Instructions
Item No. Caption and Instructions
ASSETS
1 U.S. Treasury securities (in domestic offices). Report the total value of securities issued by the U.S. Treasury (as defined for Schedule RC-B, item 1, "U.S. Treasury securities") held for trading (in domestic offices).
2 U.S. Government agency obligations (in domestic offices). Report the total value of all obligations of U.S. Government agencies (as defined for Schedule RC-B, item 2, "U.S. Government agency obligations") held for trading (in domestic offices).
3 Securities issued by states and political subdivisions in the U.S. (in domestic offices). Report the total value of all securities issued by states and political subdivisions in the United States (as defined for Schedule RC-B, item 3, "Securities issued by states and political subdivisions in the U.S.") held for trading (in domestic offices).
4 Mortgage-backed securities (in domestic offices). Report in the appropriate subitem the total value of all mortgage-backed securities held for trading (in domestic offices).

FFIEC 031 and 032

RC-D-1 (3-98)

RC-D - TRADING

FFIEC 031 and 032

RC-D - TRADING

Item No. Caption and Instructions

4.a

Pass-through securities issued or guaranteed by FNMA, FHLMC, or GNMA. Report the total

value of all pass-through securities issued or guaranteed by FNMA, FHLMC, or GNMA (as defined

for Schedule RC-B, item 4.a.(1), Pass-through securities "Guaranteed by GNMA," and item

4.a.(2), Pass-through securities "Issued by FNMA and FHLMC") held for trading (in domestic

offices).

4.b

Other mortgage-backed securities issued or guaranteed by FNMA, FHLMC, or GNMA.

Report the total value of all other mortgage-backed securities issued by FNMA, FHLMC, or GNMA

(as defined for Schedule RC-B, item 4.b.(1), Other mortgage-backed securities "Issued or

guaranteed by FNMA, FHLMC, or GNMA") held for trading (in domestic offices).

4.c

All other mortgage-backed securities. Report the total value of all other mortgage-backed

securities (as defined for Schedule RC-B, item 4.a.(3), "Other pass-through securities,"

item 4.b.(2), Other mortgage-backed securities "Collateralized by MBS issued or guaranteed by

FNMA, FHLMC, or GNMA," and item 4.b.(3) "All other mortgage-backed securities") held for

trading (in domestic offices).

5 Other debt securities (in domestic offices). Report the total value of all other debt securities (as defined for Schedule RC-B, item 5, "Other debt securities") held for trading (in domestic offices).

6-8

Not applicable.

9 Other trading assets (in domestic offices). Report the total value of all trading assets (in domestic offices) that cannot properly be reported in items 1 through 5. Exclude revaluation gains on offbalance sheet interest rate, foreign exchange rate, and other commodity and equity contracts (in domestic offices) (report in item 11 below).

10

Trading assets in foreign offices. (Item 10 is not applicable to banks filing the FFIEC 032

report form.) On the FFIEC 031 only, report the total value of all assets held for trading in foreign

offices. Exclude revaluation gains on off-balance sheet interest rate, foreign exchange rate, and

other commodity and equity contracts in foreign offices (report in item 11.b below).

11

Revaluation gains on interest rate, foreign exchange rate, and other commodity and equity

contracts. Report (on the FFIEC 031, in the appropriate subitem) the amount of revaluation

gains (i.e., assets) from the "marking to market" of interest rate, foreign exchange rate, and other

off-balance sheet commodity and equity contracts held for trading purposes. Revaluation gains

and losses (i.e., assets and liabilities) from the "marking to market" of the reporting bank's interest

rate, foreign exchange rate, and other off-balance sheet commodity and equity contracts

executed with the same counterparty

FFIEC 031 and 032

RC-D-2 (3-98)

RC-D - TRADING

FFIEC 031 and 032

RC-D - TRADING

Item No. 11
(cont.) 11.a
11.b 12

Caption and Instructions
that meet the criteria for a valid right of setoff contained in FASB Interpretation No. 39 (e.g., those contracts subject to a qualifying master netting arrangement) may be reported on a net basis using this item and item 14 below, as appropriate. (For further information, see the Glossary entry for "offsetting.")
In domestic offices. (Item 11.a is not applicable to banks filing the FFIEC 032 report form.) On the FFIEC 031 only, report the amount of revaluation gains (i.e., assets) from the "marking to market" of interest rate, foreign exchange rate, and other off-balance sheet commodity and equity contracts held for trading purposes in domestic offices. To the extent that the bank performs its "marking to market" of these contracts on a consolidated basis and nets the resulting revaluation gains and losses (i.e., assets and liabilities) for other financial reporting purposes as described in the instruction to item 11 above, but cannot readily determine separate asset amounts for its domestic offices and for its foreign offices, the asset amounts reported in this item may include revaluation gains and losses on contracts with the same counterparty in both domestic and foreign offices.
In foreign offices. (Item 11.b is not applicable to banks filing the FFIEC 032 report form.) On the FFIEC 031 only, report the amount of revaluation gains (i.e., assets) from the "marking to market" of interest rate, foreign exchange rate, and other off-balance sheet commodity and equity contracts held for trading purposes in foreign offices.
Total trading assets. Report the sum of items 1 through 11. This amount must equal Schedule RC, item 5, "Trading assets."

LIABILITIES

13

Liability for short positions. Report the total amount of the reporting bank's liabilities resulting

from sales of assets that the reporting bank does not own (see the Glossary entry for "short

position").

14

Revaluation losses on interest rate, foreign exchange rate, and other commodity and

equity contracts. Report the amount of revaluation losses (i.e., liabilities) from the "marking to

market" of interest rate, foreign exchange rate, and other off-balance sheet commodity and equity

contracts held for trading purposes. Revaluation gains and losses (i.e., assets and liabilities) from

the "marking to market" of the reporting bank's interest rate, foreign exchange rate, and other off-

balance sheet commodity and equity contracts executed with the same counterparty that meet the

criteria for a valid right of setoff contained in FASB Interpretation No. 39 (e.g., those contracts

subject to a qualifying master netting arrangement) may be reported on a net basis using this item

and item 11 above, as appropriate. (For further information, see the Glossary entry for

"offsetting.")

15

Total trading liabilities. Report the sum of items 13 and 14. This amount must equal Schedule

RC, item 15.b, "Trading liabilities."

FFIEC 031 and 032

RC-D-3 (9-97)

RC-D - TRADING
OfficesReportSecuritiesEquity ContractsTrading