Annual Report of Total Deposits and Reservable Liabilities (Commercial banks and state)

Instructions for Preparation of the Annual Report of Total Deposits
and Reservable Liabilities (FR 2910a)
Public reporting burden for this collection of information is estimated to
average 0.5 hours per response, including the time to gather and maintain
data in the required form and to review instructions and complete the
information collection. Send comments regarding this burden estimate or
any other aspect of this collection of information, including suggestions for
reducing this burden, to Secretary, Board of Governors of the Federal
Reserve System, 20th and C Streets, N.W., Washington, D.C. 20551; and to
the Office of Management and Budget, Paperwork Reduction Project
(7100-0175), Washington, D.C. 20503.

These instructions are organized into four sections: Section
A presents general instructions; Section B presents
definitions of terms that are applicable to the report as a
whole; Section C presents detailed definitions and the
classification of deposits; and Section D presents
instructions for the items on the report. In addition, a
separate worksheet is provided to assist you in calculating
the items to be reported.
A. GENERAL INSTRUCTIONS

required to submit a special filing of the FR 2910a for
determination of their appropriate deposits reporting
category.
Frequency of Report. The report shall be submitted once
each year, as of June 30th.
How to Report. The report shall reflect amounts
outstanding as of the close of business on June 30. If the
institution was closed that day, the closing balances of the
preceding business day should be reported. Amounts
reported should be rounded to the nearest thousand U.S.
dollars.
Respondents shall prepare and file a report that
consolidates the head office and all branches (and
operations subsidiaries and service corporations, if
applicable) located in the 50 states of the United States, the
District of Columbia, or on U.S. military facilities, wherever
located.

Who Must Report. This report is required from each of the
following types of depository institutions with net
transaction accounts less than or equal to $7.8 million (the
exemption amount) as determined annually by the Federal
Reserve:1

Negative or overdrawn balances in any account should be
regarded as zero when computing deposits totals.
Overdrawn deposit accounts of customers should be
regarded as loans made by the reporting institution and
should not be reported as negative deposits.

1.

Federally-insured commercial or industrial banks (or
any bank that is eligible to apply for FDIC insurance).

2.

Mutual or stock savings banks.

3.

Building, savings and loan, or homestead associations
and cooperative banks that are insured depository
institutions or are eligible to apply to become insured
under the Federal Deposit Insurance Act.

Foreign (non-U.S.) Currency-denominated Transactions.
Transactions denominated in non-U.S. currency must be
valued in U.S. dollars by using the exchange rate prevailing
on the report date.

4.

Credit unions that are insured by the NCUA Board (or
any credit union that is eligible to apply for such
insurance).

In addition, depository institutions for which no data are
available, and therefore whose deposit size is unknown, are
____________
1.
The exemption amount is the amount of a depository institution’s
total reservable liabilities that is subject to a zero-percent reserve
requirement. Each year the exemption amount is determined on the
basis of June 30 data, to be effective for the following calendar year. The
exemption amount for calendar year 2006, which is based on data as of
June 30, 2005, is $7.8 million.
The specific procedures and periods used by the Federal Reserve to
determine the reporting panel for the FR 2910a, as well as for other
deposit reports, are described in the Supplementary Information to
Federal Reserve Regulation D-Reserve Requirements of Depository
Institutions and in the chapter titled “Reporting Requirements” of the
Reserve Maintenance Manual issued by the Federal Reserve (available
upon request from your local Federal Reserve Bank and at
http://www.frbservices.org/Accounting/pdf/rmm.pdf).

The exchange rates to be used for this conversion are either
the 10:00 a.m. rates quoted for major currencies by the
Federal Reserve Bank of New York, or the noon buying
rates certified by the Federal Reserve Bank of New York for
customs purposes, or some other consistent series of
exchange rate quotations. (If deposits are issued in
European Currency Unit (ECU) or some other currency
basket, consistent series of exchange rate quotations either
for the basket unit or for the corresponding individual
exchange rates may be used.)
NOTE: Foreign currency-denominated deposits held at U.S.
offices of a depository institution must be converted to U.S.
dollars under the procedures stipulated above and included
as appropriate in Items 1, 2, and 2.a of the FR 2910a.
B. GENERAL DEFINITIONS
Deposits. The term “deposits” has a special meaning in
Regulation D and in this report. Consequently, the deposit
balances on this report may differ from amounts in
corresponding lines reported on your quarterly condition
report or on other reports. For purposes of this report,

FR 2910a
Page 2

deposits include funds received by the depository institution
for which credit has been or is obligated to be given to a
transaction account, savings deposit account, or time deposit
account maintained by the institution and, in addition,
certain other liabilities of the institution. Such other
liabilities arise from “primary obligations” that are issued or
undertaken by the depository institution as a means of
obtaining funds, and consist of the following obligations:

2.

Subordinated notes and debentures with a weighted
average maturity of five years or longer and with the
permission of the appropriate regulatory authority.

3.

1.

Promissory notes (including commercial paper, credit
union certificates of indebtedness, and mortgage-backed
bonds), acknowledgements of advance, bankers
acceptances, and other similar obligations that are
issued to “nonexempt entities” (as defined below).

Repurchase agreements involving obligations of, or
obligations fully guaranteed as to principal and interest
by, the U.S. government or a federal agency, regardless
of whether transacted with “exempt entities” or
“nonexempt entities.”

4.

2.

Purchases of federal funds from “nonexempt entities.”

Repurchase agreements involving the shares of a money
market mutual fund whose portfolio consists wholly of
obligations of, or obligations fully guaranteed as to
principal and interest by, the U.S. government or a
federal agency, regardless of whether transacted with
“exempt entities” or “nonexempt entities.”

3.

Repurchase agreements entered into with “nonexempt
entities” on any asset other than either (a) obligations of,
or fully guaranteed as to principal and interest by, the
U.S. government or a federal agency, or (b) the shares
of a money market mutual fund whose portfolio consists
wholly of obligations of, or obligations fully guaranteed
as to principal and interest by, the U.S. government or a
federal agency.

5.

Borrowings from a Federal Reserve Bank or a Federal
Home Loan Bank.

6.

Borrowings from the National Credit Union
Administration (NCUA) Central Liquidity Facility or
the National Credit Union Share Insurance Fund, or
shares held by the NCUA or the NCUA Central
Liquidity Facility under a statutorily authorized
assistance program.

4.

Due bills, regardless of to whom issued, that have not
been collateralized by a similar security within three
business days from the date of issuance.

7.

5.

Proceeds from outstanding sales to ‘‘nonexempt
entities” of short-term loans made under long-term
lending commitments (sometimes referred to as ‘‘loan
strips”).

Trust funds (including escrow funds held in the
reporting institution’s own trust department as part of
the trust department’s fiduciary activities) received or
held by the reporting institution that it keeps properly
segregated as trust funds and apart from its general
assets, or which it deposits in another institution to the
credit of itself as trustee or other fiduciary.

6.

Funds raised through the issuance and sale of mortgage
securities (backed by a pool of conventional,
nonfederally-insured mortgages) to “nonexempt
entities” if the originating reporting institution is
obligated to incur more than the first 10 percent of any
loss associated with that pool of mortgages.2

Except for due bills described above, primary obligations
undertaken with “exempt entities” (as defined below) are
not deposits under Regulation D. Note, however, that those
liabilities which your institution books as deposits (or
shares) are always deposits, regardless of the status of the
depositor.
For purposes of this report, exclude the following obligations
from deposits and primary obligations:
1.

Treasury Tax and Loan Account Note Balances (but not
Treasury Tax and Loan Demand Deposits).

____________
2.
This treatment, however, does not apply to normal mortgage loan
participation transactions where the buyer and seller of a participation in
a mortgage loan or pool of mortgages share all the risk of loss on a pro
rata basis. In such instances, any funds raised through the sale of such
participations are not considered “primary obligations.”

Other Reservable Obligations. In addition to the deposits
and primary obligations described in these instructions,
obligations that are reservable under Regulation D also
include funds obtained by a depository institution through
the following means:
1.

The use of ineligible acceptances (including finance
bills).

2.

Issuance of certain obligations by nondepository
affiliates.

3.

Borrowings from sources outside the United States.

4.

Certain positions with the respondent’s foreign branches
and its International Banking Facility (IBF). These
instructions do not address the treatment of these
obligations.

If your institution has obtained funds in one or more of
these ways, please check the box that appears on the front of
the FR 2910a reporting form; you will be contacted by your
Federal Reserve Bank for additional information.
Exempt/Nonexempt Entities. Please note that the terms
“exempt entities” and “nonexempt entities” used in these
instructions apply to the classification of “primary
obligations” as described earlier and do not apply to the

FR 2910a
Page 3

reporting status of your institution or to the exemption of a
depository institution from federal reserve requirements.
The term “exempt entities” that is used in these instructions
with respect to “primary obligations” refers to U.S. offices of
the following institutions:
1.

U.S. commercial banks and trust companies and their
operations subsidiaries.

2.

U.S. branches or agencies of a bank organized under
foreign (non-U.S.) law.

3.

Edge and Agreement corporations.

4.

Mutual and stock savings banks.

5.

Building, savings and loan, and homestead associations.

6.

Cooperative banks.

7.

Industrial banks.

8.

Credit unions (including corporate central credit
unions).

9.

The U.S. government and its agencies and
instrumentalities, such as the Federal Reserve Banks,
Office of Thrift Supervision, Federal Home Loan
Banks, Federal Intermediate Credit Banks, Federal
Land Banks, Banks for Cooperatives, Federal Home
Loan Mortgage Corporation, Federal Deposit Insurance
Corporation, Federal National Mortgage Association,
Federal Financing Bank, Student Loan Marketing
Association, National Credit Union Share Insurance
Fund, and NCUA Central Liquidity Facility.

10. Export-Import Bank of the U.S.
11. Government Development Bank of Puerto Rico.
12. Minbanc Capital Corporation.
13. Securities dealers, but only when the borrowing has a
maturity of one day, is in immediately available funds,
and is in connection with the clearance of securities.
14. The U.S. Treasury (Treasury Tax and Loan Account
Note Balances).
15. New York State investment companies (chartered under
Article XII of the New York State Banking Code) that
perform a banking business and are majority-owned by
one or more non-U.S. banks.
16. An investment company or trust whose entire beneficial
interest is held exclusively by one or more depository
institutions.
The term “nonexempt entities” refers to any institution other
than those listed above under “exempt entities.”
“Nonexempt entities” include, but are not limited to,
individuals, partnerships, and corporations; state and local
governments; and brokers and nonbank dealers in securities

other than those described in item 13 of the definition of
“exempt entities.”
Month. The instructions in Section C address the number of
withdrawals or transfers that are permitted each “month”
from certain types of deposit accounts. When used in this
context, the term “month” is defined as a calendar month or
statement cycle (or similar period) of at least four weeks.
U.S./Non-U.S. For purposes of this report, the term “United
States” (or “U.S.”) is defined as the 50 states of the United
States, the District of Columbia, and U.S. military facilities,
wherever located. The terms “non-U.S.” and “foreign” are
defined as Puerto Rico, territories and possessions of the
United States, and all countries other than the United
States, but excludes U.S. military facilities, wherever located.
C. CLASSIFICATION OF DEPOSITS
For purposes of this report, all “deposits” (including
“primary obligations” described above) are classified as
transaction accounts, savings deposits, or time deposits as
defined below.
1. Transaction Accounts. With exceptions noted below,
transaction accounts are defined as deposits or accounts
from which the depositor or account holder is permitted to
make transfers or withdrawals by negotiable or transferable
instruments, payment orders of withdrawal, telephone
transfers, or other similar devices for the purpose of making
payments or transfers to third persons or others or from
which the depositor may make third-party payments at an
ATM or a RSU, or other electronic device, including by
debit card.
NOTE: Excluded from transaction accounts are savings
deposits (including MMDAs), as defined below, even though
such deposits permit some third-party transfers. However,
as noted in the definition of savings deposits, any account
that otherwise meets the definition of a savings deposit but
that authorizes or permits the depositor to exceed the
withdrawal or transfer limitations for that account shall be
regarded as a transaction account.
Transaction accounts consist of the following types of
deposits, as defined below:
A.
B.
C.
D.
E.

Demand deposits.
NOW accounts.
Share draft accounts.
ATS accounts.
Telephone and preauthorized transfer accounts.

Also included in transaction accounts is interest (or
dividends) paid by crediting transaction accounts.
A. Demand deposits are deposits that are payable
immediately on demand, or that are issued with an
original maturity or required notice period of less than
seven days, or that represent funds for which the
depository institution does not reserve the right to

FR 2910a
Page 4

require at least seven days’ written notice of an intended
withdrawal.
For purposes of this report, demand deposits include
the accounts listed below:
1.

2.

Checking accounts, NINOW accounts, and POW
accounts (but not NOW accounts, share draft
accounts, ATS accounts, or MMDAs).
Cashier’s checks, certified checks, money orders,
and other officer’s checks issued for any purpose
including those issued in payment for services,
dividends, or purchases that are drawn on the
reporting bank by any of its duly authorized officers
and that are outstanding on the report date. This
includes:
a.

Those drawn by the reporting institution on itself
and not payable at or through another depository
institution.

b.

Those drawn by the reporting institution and
drawn on, or payable at or through, another
depository institution on a zero-balance account
or an account that is not routinely maintained
with sufficient balances to cover checks drawn
in the normal course of business (including
accounts where funds are remitted by the
reporting institution only when it has been
advised that the checks or drafts have been
presented).
NOTE: Those checks drawn by the reporting
institution on a deposit account at another
depository institution which the reporting
institution routinely maintains with sufficient
balances to cover checks or drafts drawn in the
normal course of business should be recorded
directly as a reduction in demand balances due
from depository institutions in the United
States.

c.

3.

Those checks drawn by the reporting
institution on, or payable at or through, a
Federal Reserve Bank or a Federal Home
Loan Bank.

Funds received or held in connection with traveler’s
checks and money orders sold (but not drawn) by
the reporting bank, until the proceeds of the sale
are remitted to another party. Also includes other
funds received or held in connection with any other
checks used (but not drawn) by the reporting bank,
until the amount of the checks is remitted to
another party.

4.

Funds received or held in connection with letters of
credit sold to customers.

5.

Unposted credits to demand deposits.

6.

Taxes, insurance premiums or other funds withheld
from the salaries of employees of the reporting
institution.

7.

Funds received or held in escrow or trust accounts
that may be withdrawn on demand or within six days
from the date of deposit.

8.

Matured time deposits or matured credit union
share certificates (unless the deposit agreement
specifically provides for automatic renewal at
maturity or for transfer of the funds to a savings or
share account).

9.

Credit balances that meet the definition of demand
deposits.

10. Treasury Tax and Loan Demand Deposits (but not
Treasury Tax and Loan Note Balances), as well as
demand deposits of U.S. government agencies and
instrumentalities and of state and local
governments.
Demand deposits also include liabilities referred to as
“primary obligations” that are described earlier in
Section B under the definition of “deposits,” and that
are issued in original maturities of less than seven days
or payable with less than seven days’ notice.
B. NOW accounts are interest-bearing deposits (1) on
which the depository institution has reserved the right to
require at least seven days’ written notice prior to
withdrawal or transfer of any funds in the account and
(2) that can be withdrawn or transferred to third parties
by issuance of a negotiable or transferable instrument.
NOW accounts are authorized by federal law and are
limited to accounts in which the entire beneficial
interest is held by individuals, sole proprietorships,
certain nonprofit organizations, and all governmental
units in the United States, Puerto Rico, and U.S.
territories and possessions.
C. Share draft accounts are accounts at credit unions from
which the holder is authorized to withdraw shares or to
transfer shares to third parties by means of a negotiable
or transferable instrument or other order such as a
share draft. Share draft accounts may be withdrawable
upon demand, or the credit union may reserve the right
to require up to 60 days’ notice prior to an intended
withdrawal. For eligibility to hold a share draft account,
see Section 205(f)(2) of the Federal Credit Union Act
(12 U.S.C. Section 1785(f)(2)).
D. ATS accounts are deposits of individuals or sole
proprietorships on which the depository institution has
reserved the right to require at least seven days’ written
notice prior to withdrawal or transfer of any funds in the
account and from which, pursuant to written agreement
arranged in advance between the reporting institution
and the depositor, withdrawals may be made
automatically through payment to the depository

FR 2910a
Page 5

institution itself or through transfer of credit to a
demand deposit or other account in order to cover
checks or drafts drawn upon the institution or to
maintain a specified balance in, or to make periodic
transfers to, such other accounts.
E. Telephone and preauthorized transfer accounts are
deposits, other than savings deposits,
1.

In which the entire beneficial interest is held by a
party eligible to hold a share draft account
(applicable to accounts at credit unions) or a NOW
account (applicable to accounts at all other types of
depository institutions),

2.

On which the reporting institution has reserved the
right to require at least seven days’ written notice
prior to withdrawal or transfer of any funds in the
account, and

3.

Under the terms of which, or by practice of the
reporting institution, the depositor is permitted or
authorized to make more than six withdrawals per
“month” for purposes of transferring funds to
another account of the depositor at the same
institution (including a transaction account) or for
making payment to a third party by means of
preauthorized transfer, or telephonic (including
data transmission) agreement, order or instruction.
NOTE: An account that permits or authorizes more
than six such withdrawals in a “month” is a
transaction account whether or not more than six
such withdrawals actually are made in the “month.”

A “preauthorized transfer” includes any arrangement by
the reporting institution to pay a third party from the
account of a depositor (1) upon written or oral
instruction (including an order received through an
automated clearing house (ACH)), or (2) at a
predetermined time or on a fixed schedule.
Telephone and preauthorized transfer accounts also
include the balances of deposits or accounts that
otherwise meet the definition of savings deposits or
time deposits, but from which payments may be made to
third parties by means of a debit card, an ATM, a RSU,
or other electronic device, regardless of the number of
payments made.
2. Savings Deposits. A savings deposit is a deposit
(including primary obligations described in Section B) with
respect to which the depositor is not required by the deposit
contract but may at any time be required by the depository
institution to give written notice of an intended withdrawal
not less than seven days before withdrawal is made, and that
is not payable on a specified date or at the expiration of a
specified time after the date of deposit.

Savings deposit also means a deposit or account, such as an
account commonly known as a passbook savings account, a
statement savings account, or a money market deposit
account (MMDA), that otherwise meets the requirements of
the preceding paragraph and from which, under the terms of
the deposit contract or by practice of the depository
institution, the depositor is permitted or authorized to make
no more than six transfers and withdrawals, or a combination
of such transfers and withdrawals, per calendar month or
statement cycle (or similar period) of at least four weeks, to
another account (including a transaction account) of the
depositor at the same institution or to a third party by means
of a preauthorized or automatic transfer, or telephonic
(including data transmission) agreement, order or
instruction, and no more than three of the six such transfers
may be made by check, draft, debit card, or similar order
made by the depositor and payable to third parties. (See
Regulation D for procedures to be followed for ensuring
that the permissible number of transfers is not exceeded.)
Transfers from savings deposits for purposes of covering
overdrafts (overdraft protection plans) are included under
the withdrawal limits specified for savings deposits.
Any depository institution may place restrictions and
requirements on savings deposits in addition to those
stipulated above and in Regulation D. In the case of such
further restrictions, the account would still be reported as a
savings deposit. On the other hand, an account that
otherwise meets the definition of a savings deposit but that
authorizes or permits the depositor to exceed the
six-transfer/withdrawal rule or three-draft rule described
above is a transaction account. (Contact your Federal
Reserve Bank for further information.)
NOTE: Multiple savings accounts where the depository
institution suggests, or otherwise promotes, multiple
accounts to permit transfers in excess of the limits applicable
to individual savings accounts also are transaction accounts
and reported as above.
Include the following accounts in savings deposits:
A. Credit union regular share accounts (but not share draft
accounts).
B. Escrow accounts, trust accounts, club accounts, and
credit balances that meet the definition of savings
deposits.
C. Interest or dividends paid by crediting savings deposit
accounts.
D. Individual Retirement Accounts (IRA) or Keogh Plan
Accounts held in the form of savings deposits.
E. Matured time deposits if the contract calls for
conversion to a savings deposit upon maturity.
Exclude the following accounts from savings deposits:
A. All transaction accounts.

FR 2910a
Page 6

B. Any accounts that are savings deposits in form but that
the Federal Reserve Board has determined, by rule or
order, to be transaction accounts.
C. Special passbook or statement accounts, such as
“ninety-day notice accounts,” “golden passbook
accounts,” or savings certificates that have a specified
original maturity or required notice period of seven days
or more.
D. Interest accrued but not yet paid or credited to a savings
deposit or share account (excluded from this report).
3. Time Deposits. Time deposits are defined as deposits
(including “primary obligations” described in Section B) that
the depositor does not have a right, and is not permitted, to
make withdrawals from within six days after the date of
deposit unless the deposit is subject to an early withdrawal
penalty of at least seven days’ simple interest on amounts
withdrawn within the first six days after deposit. 3 A time
deposit from which partial early withdrawals are permitted
must impose additional early withdrawal penalties of at least
seven days’ simple interest on amounts withdrawn within six
days after each partial withdrawal. If such additional early
withdrawal penalties are not imposed, the account ceases to
be a time deposit. The account may become a savings
deposit if it meets the requirements for a savings deposit;
otherwise, it becomes a demand deposit. (Note: These
prescribed penalties are the minimum required by Federal
Reserve Regulation D. Institutions may choose to require
penalties for early withdrawal in excess of the regulatory
minimums.)

C. Time deposit open accounts or credit union share
certificate open accounts.
D. Time deposit passbook accounts, savings certificates,
and notice accounts.
E. Escrow funds, trust accounts, club accounts, or credit
balances that meet the definition of time deposits.
F.

Individual Retirement Accounts (IRA) and Keogh Plan
Accounts held in the form of time deposits.

G. Time deposits or share certificates maintained as
compensating balances or pledged as collateral for
loans.
H. All interest or dividends paid by crediting time deposit
accounts.
Exclude from time deposits the following categories of
liabilities even if they have an original maturity of seven days
or more:
A. Any deposit or account that otherwise meets the
definition of a time deposit but that allows withdrawals
within the first six days after deposit and that does not
require an early withdrawal penalty of at least seven
days’ simple interest on amounts withdrawn within those
first six days. Such deposits or accounts that meet the
definition of a savings deposit (or credit union share
account) shall be regarded as savings deposits;
otherwise, they shall be regarded as demand deposits
and thus included in transaction accounts.

A. Funds that are payable on a specified date not less than
seven days after the date of deposit or payable at the
expiration of a specified time not less than seven days
after the date of deposit, or payable only upon written
notice that is actually required to be given by the
depositor not less than seven days prior to withdrawal.

B. The remaining balance of a time deposit if a partial
early withdrawal is made and the remaining balance is
not subject to additional early withdrawal penalties of at
least seven days’ simple interest on amounts withdrawn
within six days after each partial early withdrawal. Such
deposits that meet the definition of a savings deposit (or
credit union share account) shall be regarded as savings
deposits; otherwise, they shall be regarded as demand
deposits and thus included in transaction accounts.

B. Time certificates of deposit or credit union share
certificates and certificates of indebtedness (whether
negotiable or nonnegotiable).

C. Any accounts that are time deposits in form but that the
Federal Reserve Board has determined, by rule or
order, to be transaction accounts.

Include the following as time deposits:

____________
3.
Accounts existing on March 31, 1986, may satisfy the early
withdrawal penalties specified by Federal Reserve Regulation D by
meeting the Depository Institutions Deregulation Committee’s early
withdrawal penalties in existence on March 31, 1986. Accounts that
otherwise meet the requirements for time deposits but that lack such
penalties due to a lack of regulatory requirement for such penalty, as in
the case of Federally-chartered credit unions, may continue to be
classified as time deposits; however, the penalty should be included in
time deposits opened, renewed, or to which additional deposits are made
on or after January 1, 1987.
For exceptions to the imposition of early withdrawal penalties, please
refer to Regulation D.

D. Matured time deposits that are not automatically
renewed (reported as transaction accounts or savings
deposits, as appropriate).
E. Interest or dividends accrued but not yet paid or
credited to a time deposit or share certificate account
(excluded from this report).
D. ITEM-BY-ITEM INSTRUCTIONS
Item 1. Total Deposits. Report in this item the balance of
all “deposits” (including “primary obligations”) as defined in
Section B above. This item includes total transaction
accounts (gross), total savings deposits, and total time

FR 2910a
Page 7

deposits, regardless of maturity, all as defined in Section C
above.

c.

Time and savings deposit balances held at
other depository institutions.

NOTE: If the amount reported in Item 1, Total Deposits, is
less than or equal to $7.8 million, Item 2, Reservable
Liabilities, and 2.a, Net Transaction Accounts, need not be
completed.

d.

Trust funds deposited in other depository
institutions by your institution’s trust
department.

e.

Federal funds sold to other depository
institutions.

f.

All balances due from any non-U.S. office of a
U.S. depository institution; any non-U.S.
office of a foreign bank; trust companies that
do not conduct a commercial banking business;
New York State investment companies
(chartered under Article XII of the New York
State Banking Code) that perform a banking
business and that are majority-owned by one
or more non-U.S. banks; private banks;
Federal Home Loan Banks; and NCUA
Central Liquidity Facility.

g.

Demand deposit balances due from a smaller
depository institution in circumstances where
the reporting (and larger) depository
institution has moved funds to the smaller
depository institution to take advantage of the
lower reserve requirements imposed on
smaller depository institutions (i.e., to make
use of the low reserve tranche) and has
received the funds back in a reserve-free
transaction.

Item 2. Reservable Liabilities. Reservable liabilities consist
of the sum of (A) net transaction accounts + (B)
nonpersonal savings deposits + (C) nonpersonal time
deposits (regardless of maturity).4 These components are
defined below.
A. Net transaction accounts: total transaction accounts
included in Item 1 above less (1) demand balances due
from depository institutions in the United States and (2)
cash items in process of collection, both as defined
below. (Note: If negative, set to zero.)
1.

Demand balances due from depository institutions
in the United States. Include all balances of
deposits subject to immediate withdrawal by the
reporting institution that are due from U.S. offices
of the following institutions located in the United
States:
a.

Commercial or industrial banks and trust
companies conducting a commercial banking
business.

b.

Bankers’ banks as defined in 12 CFR §204.121.

c.

Edge and agreement corporations.

d.

U.S. branches and agencies of foreign
(non-U.S.) banks.

e.

Mutual or stock savings banks.

f.

Credit unions (including corporate central
credit unions).

g.

Building, savings and loan, and homestead
associations, or cooperative banks.

2.

Cash items in process of collection. Include the
items listed below:
a.

Checks or drafts in the process of collection,
drawn on a bank or other depository
institution, that are payable immediately upon
presentation in the United States, including
checks or drafts forwarded to a Federal
Reserve Bank in process of collection and
checks or drafts on hand that will be presented
for payment or forwarded for collection on the
following business day.

Exclude from demand balances due from depository
institutions in the United States the following items:
a.

All balances due from Federal Reserve Banks,
including your institution’s clearing balances
maintained at a Federal Reserve Bank.

b.

Government checks drawn on the Treasury of
the United States that are in the process of
collection.

b.

Balances due from other depository
institutions that are pledged by your
institution.

c.

Such other items in the process of collection
that are payable immediately upon
presentation in the United States and that are
customarily cleared or collected by depository
institutions as cash items, including:
(1) Matured bonds and coupons.

____________
4.
Nonpersonal savings deposits and nonpersonal time deposits are
reservable liabilities even though they are currently subject to a
zero-percent reserve requirement.

(2) Postal and other money orders, and
traveler’s checks.
(3) NOW or NINOW account drafts.

FR 2910a
Page 8

(4) Credit union share drafts.
(5) Payable-through drafts that have been
received by the reporting institution and
that will be forwarded to another
depository institution.
(6) Broker security drafts.
(7) Amounts credited to deposit accounts in
connection with automated payment
arrangements where such credits are
made one business day prior to the
scheduled payment date to ensure that
funds are available on the payment date.
(8) Returned items and unposted debits.
(9) Food coupons and certificates.
Exclude any items handled as noncash collections,
items for which the reporting institution already has
received credit, credit card sales slips and drafts,
and debit slips.
B. Nonpersonal savings deposits: that portion of total
savings deposits included in Item 1 that is nonpersonal,
as defined below.
C. Nonpersonal time deposits: that portion of total time
deposits included in Item 1 that is nonpersonal, as
defined below, regardless of maturity.

Nonpersonal savings and time deposits are deposits in
which any beneficial interest is held by a depositor other
than a natural person that does not specifically state that
the deposit is nontransferable. A natural person is an
individual or a sole proprietorship. A depositor other
than a natural person includes any partnership,
governmental unit, or corporation, even if owned solely
by an individual.
NOTE: The following deposits in the form of savings
deposits or time deposits are considered personal, not
nonpersonal (as long as they are not transferable), and,
therefore, should be excluded from total reservable
liabilities:
1.

Individual Retirement Accounts (IRA), Keogh Plan
Accounts and accounts held by an employer as part
of an unfunded deferred compensation plan
established pursuant to Subtitle D of the Revenue
Act of 1978 (Pub. L. No. 95-600; 92 Stat. 2763).

2.

Escrow accounts, such as funds held for tax or
insurance payments, if the depositor is a natural
person.

3.

Trust funds held in the name of a trustee or other
fiduciary, whether or not a natural person, if the
entire beneficial interest is held by natural persons.

FR 2910a
Page 9

Worksheet for Preparation of the
Annual Report of Total Deposits and
Reservable Liabilities (FR 2910a)
For All Depository Institutions Other Than Credit Unions
This worksheet is provided to assist you in calculating the items to be reported on the Annual Report of Total Deposits
and Reservable Liabilities (FR 2910a). This worksheet need not be submitted to the Federal Reserve Bank. Also, there are
other methods that you could use to compile these data.
Please refer to the FR 2910a instructions for definitions of terms used below.
TRANSACTION ACCOUNTS
1. Enter NOW Accounts.

$

2. Enter Demand Deposits, including
“primary obligations” in the form of
demand deposits. (Demand deposits also
include NINOW and POW accounts.)

$

3. Enter ATS Accounts and
Telephone and Preauthorized
Transfer Accounts.

$

4. Calculate Total Transaction Accounts:
sum of lines 1 through 3.

$

5. Enter Demand Balances Due From
Depository Institutions in the United States.

$

6. Enter total amount of Cash Items in Process
of Collection.

$

7. Calculate Net Transaction Accounts:
line 4 minus the sum of lines 5 and 6. Enter line 7 in
Item 2.a of the FR 2910a (if negative, enter zero).
SAVINGS DEPOSITS (including “primary
obligations” in the form of savings deposits)
8. Enter Total Savings Deposits (including
accounts commonly known as passbook savings
accounts, statement savings accounts, or money
market deposit accounts (MMDAs)).

$
FR 2910a
Item 2.a

$ ___________

FR 2910a
Page 10

9. Enter the amount of Nonpersonal Savings
Deposits1 included in line 8.

$

TIME DEPOSITS (including “primary obligations”
in the form of time deposits)
10. Enter Total Time Deposits.
11. Enter the amount of Nonpersonal Time
Deposits,1 regardless of maturity, included in line 10.

$
$

TOTAL DEPOSITS
12. Calculate Total Deposits: sum of lines
4, 8, and 10. Enter line 12 in Item 1 of the FR 2910a.

$
FR 2910a
Item 1

RESERVABLE LIABILITIES
13. Calculate Reservable Liabilities: sum of
lines 7, 9, and 11. Enter line 13 in Item 2 of the
FR 2910a.

$
FR 2910a
Item 2

_______________
1. “Nonpersonal” deposits are deposits that are transferable or in which any beneficial interest is held by a depositor other than a
natural person.

FR 2910a
Page 11

Worksheet for Preparation of the
Annual Report of Total Deposits and
Reservable Liabilities (FR 2910a)
for Credit Unions
This worksheet is provided to assist you in calculating the items to be reported on the Annual Report of Total Deposits
and Reservable Liabilities (FR 2910a). This worksheet need not be submitted to the Federal Reserve Bank. Also, there are
other methods that you could use to compile these data.
Please refer to the FR 2910a instructions for definitions of terms used below.
TRANSACTION ACCOUNTS
1. Enter Share Draft Accounts.

$

2. Enter other Demand Deposits, including
“primary obligations” in the form of demand
deposits. (Demand deposits also include
POW accounts.)

$

3. Enter all other Transaction Accounts
(e.g., ATS Accounts, Telephone and
Preauthorized Transfer Accounts, etc.).

$

4. Calculate Total Transaction Accounts:
sum of lines 1 through 3.

$

5. Enter Demand Balances Due From
Depository Institutions in the United States.

$

6. Enter total amount of Cash Items in Process
of Collection.

$

7. Calculate Net Transaction Accounts:
line 4 minus the sum of lines 5 and 6. Enter line 7 in
Item 2.a of the FR 2910a (if negative, enter zero).

$
FR 2910a
Item 2.a

SAVINGS DEPOSITS (including ‘‘primary
obligations” in the form of savings deposits)
8. Enter total regular Share Deposits.

$

9. Enter total Other Savings Deposits
(i.e., Money Market Deposit Accounts, IRAs,
Club Accounts, etc.).

$

10. Calculate Total Share and Savings
Deposits: sum of lines 8 and 9.

$

FR 2910a
Page 12

11. Enter the amount of Nonpersonal Savings
Deposits included in line 10 (both regular
Share Deposits and other savings deposits).1

$

TIME DEPOSITS2 (including ‘‘primary obligations”
in the form of time deposits)
12. Enter Total Time Deposits. (e.g., Share
Certificates, and IRAs, Club Accounts, etc.,
in the form of Share Certificates).
13. Enter the amount of Nonpersonal Time
Deposits, regardless of maturity, included in
line 12.

$

$

TOTAL DEPOSITS
14. Calculate Total Deposits: sum of lines
4, 10, and 12. Enter line 14 in Item 1 of the FR 2910a.

$

RESERVABLE LIABILITIES
15. Calculate Reservable Liabilities: sum of
lines 7, 11, and 13. Enter line 15 in Item 2 of the
FR 2910a.

FR 2910a
Item 1

$
FR 2910a
Item 2

_______________
1. “Nonpersonal” deposits are deposits that are transferable or in which any beneficial interest is held by a depositor other than a
natural person.
2.

Includes share certificates at credit unions that are liabilities of the credit union to customers, not credit union assets.