Document

Primary and Secondary Credit

ICR 202510-7100-003 · OMB 7100-0289 · Object 163274701.

Document [pdf]

Download: pdf | txt

INSTRUCTIONS

Selected Balance Sheet Items For
Discount Window Borrowers
FR 2046

Purpose of Report
The Federal Reserve System uses data from this report
to ensure that discount window borrowing is
appropriate.

Scope
The office coverage of this report and, as applicable,
the consolidation basis, correspond to the reporting
institution’s condition report filed with a federal supervisory agency, as follows. (As noted later in these
instructions, the definitions of items on the
FR 2046 also correspond in general to definitions on
the institution’s condition report).
(1) For U.S. commercial banks (and Savings Associations), the FR 2046 corresponds to the quarterly
Consolidated Reports of Condition and Income
(“Call Report”) (FFIEC 031, 041, and 051).
The FR 2046 covers only the domestic offices of
the reporting bank, that is, the bank’s head office;
all branches located in the 50 states of the U.S., in
the District of Columbia, or at a U.S. military
facility, wherever located; and subsidiaries (except
Edge and Agreement corporations) located in the
50 states of the U.S. or the District of Columbia
that are consolidated in the domestic-office Call
Report. (Please note that International Banking
Facilities (IBFs) are foreign, not domestic, offices
of the reporting bank.) For banks with domestic
offices only, the coverage of the FR 2046 is the
same as the Consolidated Reports of Condition
and Income for a Bank with Domestic Offices Only
(FFIEC 041).
For banks with domestic offices only and total
assets less than $1 billion, the coverage of the
FR 2046 is the same as the Consolidated Reports
FR 2046

of Condition and Income for a Bank with Domestic
Offices Only and Total Assets Less than $1 Billion
(FFIEC 051).
For banks with foreign offices—that is, branches
or subsidiaries located in Puerto Rico, U.S. territories or possessions, or in foreign countries;
Edge or Agreement subsidiaries (including both
their U.S. and their foreign offices); or an IBF—
the coverage of the FR 2046 is the same as the
domestic-office part of the Consolidated Reports
of Condition and Income for a Bank With Domestic and Foreign Offices (FFIEC 031).
Please refer to the Call Report instructions for
detailed information on consolidation. However,
for purposes of the FR 2046, accounts of domestic subsidiaries that are not available on a timely
basis may be consolidated with a lag, or amounts
reported for such subsidiaries may be estimated
for use in the process of consolidation. Also,
where line-by-line exclusion of transactions with
foreign offices is not possible within the given
time schedule, amounts to be excluded may be
estimated.
Note: The FR 2046 is also comparable to the
Weekly Report of Selected Assets and Liabilities
of Domestically Chartered Commercial Banks and
U.S. Branches and Agencies of Foreign Banks
(FR 2644).
(2) For U.S. branches and agencies of foreign (nonU.S.) banks, the FR 2046 corresponds to the
Report of Assets and Liabilities of U.S. Branches
and Agencies of Foreign Banks (FFIEC 002), with
one major difference: the FR 2046 collects data
on the branch or agency excluding its own IBF.
With the IBF exclusion, the FR 2046 is comparable to the Weekly Report of Selected Assets and
Liabilities of Domestically Chartered Commercial
GEN-1

August 2019

Instructions

Banks and U.S. Branches and Agencies of Foreign
Banks (FR 2644).
(3) For credit unions, the FR 2046 corresponds to the
Financial and Statistical Report (NCUA 5300).
Any FR 2046 respondent that does not file one of the
above condition reports should contact its Federal
Reserve Bank for instructions.

Frequency
For primary and secondary credit borrowers, this
report is filed as requested by the Federal Reserve
Bank. Each weekly report covers five business days of
data for the week ending on Wednesday.
For seasonal credit borrowers, this report is filed
weekly for any two-week reporting period in which
borrowing was outstanding on one or more days. The
Federal Reserve Bank will indicate the dates for which
the report is required. Each weekly report covers
Wednesdays-only data.

Preparation of Reports
This report collects amounts outstanding, reported to
the nearest thousand U.S. dollars, as of the close of
business each day. For any day on which the reporting
institution was closed, report the closing balance as of
the preceding day.

Exceptions to Reporting
Seasonal credit borrowers that file the Weekly Report
of Selected Assets and Liabilities of Domestically Chartered Commercial Banks and U.S. Branches and Agencies of Foreign Banks (FR 2644) with the Federal
Reserve should not report Item 1, Total securities,
Item 2, Federal funds sold and resale agreements,
Item 3, Total loans, Item 4, Total assets, or Item 5,
Total deposits on the FR 2046.

Item Definitions
In general, definitions of items on the FR 2046 correspond to item definitions on the institution’s condition
report cited above. A table that indicates the item-bytem relationships between the FR 2046 and the appropriate condition report accompanies these instructions.
GEN-2

April 2021

For those items that correspond exactly to items on the
condition reports, definitions are not repeated in these
instructions. For such definitions, please refer to the
instructions for preparation of the appropriate condition report. For credit union filers of the
NCUA 5300, Items 2 and 6 on the FR 2046 do not correspond to condition report items and specific instructions are provided below under “Supplementary
Instructions.” (These instructions also may be used as
an overview by U.S. commercial banks and U.S.
branches and agencies of foreign banks, with full
details provided in the instructions for their respective
condition reports.)

Supplementary Instructions (for credit
union filers of the NCUA Form 5300)
Provided below are instructions for Item 2, Federal
funds sold and resale agreements, and Item 6, Federal
funds purchased and repurchase agreements. Definitions of certain terms used in these instructions follow.
Item 2. Federal funds sold and resale agreements (or
“reverse repurchase agreements”) (asset item). Report
the dollar amount outstanding of:
(1) Immediately-available funds lent under agreements or contracts that have an original maturity
of one business day or roll over under a continuing
contract, regardless of the nature of the transaction or the collateral involved (that is, whether
unsecured, secured, or involving a resale agreement in securities, loans, or any other instruments), excluding overnight lending for commercial and industrial purposes.
This includes sales of “federal funds,” securities
purchased under agreements to resell, and other
assets purchased under agreements to resell, that
involve the receipt of immediately-available funds
and mature in one business day or roll over under
a continuing contract.
(2) Securities purchased under agreements to resell
that mature in more than one business day.
(3) Purchases of participations in pools of securities,
regardless of maturity.
Exclude from Item 2:
(1) Sales of “term” federal funds, that is, those with
maturities of more than one business day.
FR 2046

File Type	application/pdf
File Title	Federal Reserve Board Publication
Author	Federal Reserve Board
File Modified	2025-10-15
File Created	2021-02-03