Financial Reporting Bulletin 

Office of Thrift Supervision 

Financial Reporting Division (FRD) 

December 2009

http://www.ots.treas.gov

It is important that you read this bulletin and the attached materials

before preparing and submitting your quarterly Thrift Financial Report,

as it contains pertinent information regarding your reports.

Please share this bulletin with all staff members who are 

involved in preparing and transmitting reports to the OTS. 

● ●

December TFR Filing Deadline – Monday, February 1, 2010

(Remember - you must transmit TFR before any other quarterly or annual reports.) 

December COF Filing Deadline – Monday, February 1, 2010

D

December HC Filing Deadline –Tuesday, February 16, 2010

ecember CMR Filing Deadline –Tuesday, February 16, 2010 

IN THIS ISSUE

Fourth Quarter Filing Deadlines 

** EFS Version 7.5/FRS Version 4.5 CD Mailed to Industry ** 

Reinstalling EFS Software 

What’s New in EFS Version 7.5/FRS Version 4.5 

Assessment Billing Invoices Downloaded via FRS 

December 2009 TFR Form and Instruction Manual Updates 

TFR Schedules - Public Availability 

FDIC Website Updates 

Amending Prior-Cycle Data 

2010 TFR Revisions 

Provide Your Docket Number 

Contact Information in EFS Institution Setup 

Financial Reporting Division Contact List 

Preferred and Minimum Requirements 

Filing Deadline Schedule for 2009 Regulatory Reports 

Filing Deadline Schedule for 2010 Regulatory Reports

The Office of Thrift Supervision publishes the Financial Reporting Bulletin quarterly and distributes it to all OTS-regulated institutions. The 

bulletin’s purpose is to provide the Thrift Financial Report preparer with reporting information and guidelines. Please send comments and 

suggestions on this bulletin to the Office of Thrift Supervision, by e-mail toOTSFinancialReportingBulletin@ots.treas.gov
2 Financial Reporting Bulletin, December 2009 

FOURTH QUARTER FILING DEADLINES

You can and should complete and transmit your December 2009 TFR and COF as soon as possible after the 

close of the quarter: 

Filing deadline for all schedules except HC and CMR is Monday, February 1, 2010. 

Filing deadline for Schedules HC and CMR is Tuesday, February 16, 2010.

Institutions that are exempt from filing Schedule CMR but choose to voluntarily file must adhere to the filing 

deadlines above. Interest Rate Risk reports will not be available for download by institutions that fail to meet 

the filing deadline. 

All voluntary CMR filers should e-mail doris.jackson@ots.treas.gov or leave a message at 972.277.9618, 

after transmitting CMR for confirmation of receipt. 

If you have questions concerning the preparation of your report, please call your Financial Reporting Division 

analyst in Dallas, Texas. A contact listing is provided near the end of this bulletin. You can e-mail reporting 

questions to tfr.instructions@ots.treas.gov. If you need assistance with Electronic Filing System (EFS) 

including Quick Importer or Financial Reports Subscriber (FRS) software or transmission, contact the EFS 

Helpline Message Center by e-mail at efs-info@ots.treas.gov or by phone toll free at 866.314.1744. For 

questions about your Interest Rate Risk report, you can contact Scott Ciardi at scott.ciardi@ots.treas.gov, or 

call 202.906.6960. 

EFS VERSION 7.5/FRS VERSION 4.5 CD FOR DECEMBER 

MAILED TO INDUSTRY

The new EFS Version 7.5/ FRS Version 4.5 upgrade CD will be mailed by the end of December to all 

TFR report preparers of record. EFS Version 7.5 must be used, along with any subsequent updates as 

necessary, to prepare and transmit all December reports to the OTS. 

Both the EFS and FRS upgrades include the ability to automatically switch to the new OTS Extranet server on 

February 14, 2010. Institutions are encouraged to upgrade all installations of EFS and FRS from the 

December 2009 CD as soon as possible to ensure a seamless transition on February 14, 2010. 

Please install the upgrade CD as soon as you receive it. After installation, keep the CD in a safe, easily 

accessible location for retrieval should you be directed by OTS staff to reinstall it. Do not attempt to 

reinstall the EFS CD without guidance from the OTS. Contact the EFS Helpline for assistance. 

If your institution’s TFR report preparer does not receive the EFS CD by Friday, January 15, 2010, e-mail 

doris.jackson@ots.treas.gov or leave a message at 972.277.9618. Be sure to include your five-digit docket 

number and phone number in all messages. 

You can sign up in EFS-NET under My EFS Notification Recipients to receive e-mail notification when 

software news or other important information is placed on EFS-NET. You can sign up multiple recipients in 

this option. 

NOTE: To ensure that you and other staff members receive timely notification when new items are placed on 

EFS-NET for your attention, please verify/update all e-mail addresses you have entered in EFS-NET, My EFS 

Notification Recipients, before every transmission. 

If you do not sign up for e-mail notification, you should log in to EFS-NET frequently to check for any software 

updates or news about preparing your reports. 
Financial Reporting Bulletin, December 2009 3 

Remember to always access EFS from your desktop through Start, Programs, Office of Thrift 

Supervision, OTS Electronic Filing System. Do not use a desktop shortcut as it will most likely take you to an 

outdated version of the program. Please delete any desktop shortcuts to EFS or FRS. 

For any software issues you encounter, you should first run the OTS Diagnostics from Start, Programs, Office 

of Thrift Supervision, OTS Diagnostics. If the Diagnostics tool does not identify and offer solutions for your 

problem, contact the EFS Helpline at efs-info@ots.treas.gov or by phone toll free at 866.314.1744. 

REINSTALLING EFS SOFTWARE

Once you have installed the most current EFS CD for the first time, do not attempt to re-install it on the 

original machine or install on an additional machine until you have contacted the EFS Helpline. Helpline staff 

will guide you through the steps necessary to ensure you do not lose any data or contact information during 

the transfer process. 

WHAT’S NEW IN EFS VERSION 7.5/FRS VERSION 4.5

In accordance with a previously announced Federal Register notice, we: 

• Eliminated Schedule CSS, the Subordinate Organization Schedule. 

• Added the new Schedule FV, Consolidated Assets and Liabilities at Fair Value. 

• Revised 14 line items and added 68 new line items in Schedule FS, Fiduciary and Related Services. 

The following changes were made to the Electronic Filing System software edit steps: 

Edit Changes for December 2009

3⁄4 New Steps: 

• 53 F steps (for schedule FS and new FV) 

3⁄4 Revised Steps: 

• 10 F steps 

• 11 K steps 

• 2 L steps 

• 2 Q steps 

• 1 V step 

3⁄4 Deleted Steps: 

• 22 S steps (CSS eliminated) 
4 Financial Reporting Bulletin, December 2009 

OTHER SOFTWARE CHANGES FOR DECEMBER 2009

Financial Reports Subscriber 4.5

Financial Reports Subscriber (FRS) 4.5 includes the changes that were made in version 4.2. For 

more information on what was released in FRS 4.2 please see below bulletin: 

 https://xnet1.ots.treas.gov/efsnet/bulletins/ots_frs42_moreinfo.pdf

Version 4.5 also includes the ability to automatically switch to the new OTS Extranet server on 

February 14, 2010. Institutions should upgrade all installations of FRS to Version 4.5 from the 

EFS Version 7.5 CD to ensure a seamless transition on February 14, 2010. 

Upcoming OTS Extranet Server Migration February 14, 2010

The Electronic Filing System (EFS) 7.5 and the Financial Reports Subscriber (FRS) 4.5 are 

preconfigured to switch over to our new Extranet server on February 14, 2010. The new server is 

https://xnet3.ots.treas.gov and its IP address is 76.12.198.115. Both EFS 7.5 and FRS 4.5 have 

a feature to test connectivity with the new server under the menu option Help > Test OTS Extranet 

Changeover. Institutions are encouraged to test connectivity on each user’s machine any time after 

installing EFS 7.5 and FRS 4.5, and if necessary, coordinate with their desktop/network 

administrative support to ensure connectivity is established by the changeover date. 

ASSESSMENT BILLING INVOICES DOWNLOADED VIA FRS

All OTS-regulated institutions can now download their semi-annual Assessment Billing invoices beginning 

with the December 2009 cycle, using the Financial Reports Subscriber (FRS) software program. Historical 

billing invoices are available for prior billing periods back to December 2007. You must be in a June or 

December cycle to download your assessment invoice. 

Contact your TFR report preparer who can then contact the EFS Helpline at efs-info@ots.treas.gov if further 

assistance is needed. You should install the current version of FRS, version 4.5, from the new EFS 

Version 7.5 CD that will be sent to your institution’s TFR report preparer by the end of December. 

A paper copy of December 2009 invoices will be the last one mailed; all future Assessment Billing invoices 

must be downloaded. 

Attached is a link to an announcement letter that was mailed to all OTS-regulated institutions in October 

2009: 

 https://xnet1.ots.treas.gov/efsnet/bulletins/ots_frs42_moreinfo.pdf 

DECEMBER 2009 TFR FORM AND INSTRUCTION MANUAL UPDATES

As previously announced in Federal Register notice 73-191, the following changes will be implemented for 

the December 2009 Thrift Financial Report (TFR): 

• Eliminated the Subordinate Organization Schedule (CSS) 

• Added the new Consolidated Assets and Liabilities Measured at Fair Value on a Recurring Basis 

(FV) schedule for thrifts with total assets (SC60) greater than $10 billion 

• Revised 14 line items and added 68 new line items to the Fiduciary and Related Services (FS) 

schedule 

Instruction manual update pages for new and revised lines are attached at the end of this bulletin. 
Financial Reporting Bulletin, December 2009 5 

TFR SCHEDULES - PUBLIC AVAILABILITY 

As stated on the OTS website at http://files.ots.treas.gov/78233.pdf, all data items reported by individual OTSregulated institutions in 2009 will be publicly available except for the following line items: 

• “Schedule SC, Consolidated Statement of Condition 

Memo: Detail of Other Assets 

SC691, SC693, or SC697: Codes – If code is 06, then the corresponding Amount in SC692 

SC694 or SC698 are confidential (not publicly available) 

• Schedule SO, Consolidated Statement of Operations 

Memo: Detail of Other Noninterest Expense 

SO581, SO583, or SO585: Codes – If code is 01 or 02, then the corresponding Amount in 

SO582, SO584 or SO586 are confidential (not publicly available) 

• Schedule VA, Valuation Allowances and Related Data 

Classification of Assets: 

VA960 – Special Mention 

VA965 – Substandard 

VA970 – Doubtful 

VA975 – Loss 

• Schedule LD, Loan Data - All lines 

• Schedule SI, Supplemental Information 

Transactions with Affiliates, Lines SI750 and SI760 

• Schedule HC, Thrift Holding Company 

All Supplemental Questions, Lines HC810 through HC865 

• Schedule CMR, Consolidated Maturity/Rate – All lines” 

FDIC WEBSITE UPDATES

Per the FDIC, updates are made to the Industry Analysis portion of their website (http://www.fdic.gov/) on the 

third Friday after the close of the quarter and weekly thereafter. This update is based on individual OTS TFR 

data as of the previous Tuesday night. The FDIC will post December 2009 data to their website for the first 

time on Friday, January 15, 2010. The last update of the FDIC website for the December 2009 cycle will be 

approximately 60 days after the close of the quarter. 

AMENDING PRIOR-CYCLE DATA

Before you transmit any prior-period amendments to TFR, CMR, or HC reports, be sure to discuss them with 

your Financial Reporting Analyst, who may have further instructions for you to follow. All amendments must 

be filed electronically and should include a detailed EFS Message to OTS explaining the reason for the 

amendment. 

Although the TFR instructions allow for 135 days after the cycle close for prior-cycle amendments, FRD 

analysts may need several days to analyze and process your data. Therefore, we encourage you to file any 

September 2009 amendments no later than close of business, Wednesday, February 10, 2010. 
6 Financial Reporting Bulletin, December 2009 

2010 TFR REVISIONS

FEDERAL REGISTER NOTICE 

Included below is a link to a .pdf copy of the Federal Register notice and 60-day request for comment (74 FR 

41981) that was published August 19, 2009, for the 2010 TFR revisions that the OTS proposes to implement 

in March 2010, except for the annual collection of reverse mortgage data that we propose to initiate in 

December 2010. 

These revisions would change the reporting frequency for small business and small farm data reported in 

Schedule SB from annually to quarterly, revise three lines, and add 24 new lines to the TFR, including the 16 

lines proposed for a new Schedule RM - Annual Supplemental Consolidated Data on Reverse Mortgages. 

The TFR revisions were designed to be similar to 2010 revisions for the Call Report recently published in the 

Federal Register by the other federal banking agencies. 

The comment period for this notice closed on October 19, 2009. We are summarizing the comments 

received and will prepare a final Federal Register notice announcing the 2010 revisions. 

 

1550-0023 

-Day Notice) Sch

In addition to the items discussed above, pursuant to Generally Accepted Accounting Principles (GAAP), 

investments in debt and equity securities should not have any associated valuation allowances. Therefore, 

beginning with the March 2010 TFR, the following line items will be deleted from the TFR form: 

• SC229 “General Valuation Allowances” [on mortgage-backed securities] 

• VA370 “Charge-Offs – Mortgage-Backed Securities” 

• VA371 “Recoveries – Mortgage-Backed Securities” 

• VA38 “Provisions and Transfers – Deposits and Investment Securities” 

• VA372 “Provisions and Transfers – Mortgage-Backed Securities” 

• VA39 “Adjusted Net Charge-Offs – Deposits and Investment Securities 

• VA375 “Adjusted Net Charge-Offs – Mortgage-Backed Securities” 

NEW ANNUAL SCHEDULE FOR REVERSE MORTGAGES

Beginning in the fourth quarter 2010, thrifts will annually report information about reverse mortgages in the 

new Schedule RM – Annual Supplemental Consolidated Data on Reverse Mortgages. However, you must 

prepare for this report beginning January 1, 2010. 

The instructions and the report form for Schedule RM will be posted on the OTS website by January 1, 2010. 
Financial Reporting Bulletin, December 2009 7 

PROVIDE YOUR DOCKET NUMBER

When contacting anyone at the OTS by e-mail, phone, voice message, fax, or postal mail, please remember 

to provide your five-digit docket number (within your voice-mail message or on the Subject line of all e-mail 

messages). This will help us to access our records and assist you more quickly. 

CONTACT INFORMATION IN EFS INSTITUTION SETUP

It is the responsibility of each OTS-regulated savings institution to keep all contact information up to date in 

EFS Institution Setup. The OTS Financial Reporting Division uses this contact information for distributing 

news, bulletins, filing software, and other timely information to the TFR report preparer, and for contacting that 

preparer or other institution staff when necessary. 

Please be sure to verify/update all institution and contact information in EFS Institution Setup and on the EFSNET screen under My EFS Notification Recipients prior to transmitting your reports via EFS-NET. 
8 Financial Reporting Bulletin, December 2009 

FINANCIAL REPORTING DIVISION (FRD) CONTACT LIST

225 E. John Carpenter Freeway, Suite 500 

Irving, TX 75062-2326 

FAX 972.277.9596 

VIKKI REYNOLDS, MANAGER 972.277.9595

vikki.reynolds@ots.treas.gov

 972.277.XXXX 972.277.XXXX 

THRIFT FINANCIAL REPORT (TFR)

 JIM HANSON 9620 

 james.hanson@ots.treas.gov

MONTHLY COST OF FUNDS (COF)

 

KATHRYN JOHNSON 9611 

kathryn.johnson@ots.treas.gov

 KATHRYN JOHNSON 9611 

 kathryn.johnson@ots.treas.gov

KEVIN JONES 9612 

kevin.jones@ots.treas.gov

ANGELA THORPE-HARRIS 9615 

angela.harris@ots.treas.gov

JAN FLOREZ 9621 

 juanita.florez@ots.treas.gov

BRANCH OFFICE SURVEY (BOS)

 CHEYANN HOUTS 9617 

 cheyann.houts@ots.treas.gov

GENERAL QUESTIONS AND 

 SOFTWARE DISTRIBUTION

DORIS JACKSON 9618 

doris.jackson@ots.treas.gov

The Financial Reporting Division uses voice-mail extensively. If you reach the voice-mailbox of the person you 

are calling, please leave a brief message, speaking slowly enough to be clearly understood. Include your name, 

phone number, region, and docket number. Your call will be returned during regular daytime business hours in 

the order it was received. 

 

TFR REPORTING QUESTIONS AND ANSWERS

The Financial Reporting Division posts TFR Questions and Answers on the OTS website at 

http://www.ots.treas.gov/ (click TFR). If you have a question that you would like answered, you may submit it to 

tfr.instructions@ots.treas.gov. Be sure to include your docket number in your Subject line. For security 

reasons, FRD staff does not respond to e-mails with blank or illogical Subject lines. 

EFS HELPLINE MESSAGE CENTER 

For assistance with Electronic Filing System (EFS)-related issues, contact the EFS Software Helpline at efsinfo@ots.treas.gov or call the toll-free 24-Hour Message Center: 866.314.1744. NOTE: For security purposes, 

please always include your 5-digit docket number in your e-mail Subject line or your voice-mail message, and provide 

your name and phone number. FRD staff does not respond to e-mails with blank or illogical Subject lines. 

Calls and e-mails are returned during regular daytime business hours in the order they are received. 

INTEREST-RATE RISK REPORTS

Questions about your Interest Rate Risk Report may be directed to Scott Ciardi at scott.ciardi@ots.treas.gov, 

or 202.906.6960. 

TFR INSTRUCTION MANUAL

Update/replacement pages to the TFR Instruction Manual will be included in the quarterly Financial Reporting 

Bulletin that is e-mailed to all TFR report preparers of record. You can access and print the TFR Form, 

Instruction Manual, and Financial Reporting Bulletins on the OTS website at http://www.ots.treas.gov/ (click 

Publications and Data, Thrift Financial Reports). NOTE: Printing the entire TFR Instruction Manual (over 300 

pages) will create an extremely large print job. 
Financial Reporting Bulletin, December 2009 9 

PREFERRED AND MINIMUM REQUIREMENTS FOR 

ELECTRONIC FILING OF REGULATORY REPORTS 

Preferred Requirements: 

Application 

• IBM-compatible PC – 1GHz processor 

• Windows 2000, XP, Vista 

• 512+ Meg of installed RAM memory 

• 200+ Meg of available hard drive memory 

• Color monitor 1024x768, 32 bit true color screen 

• CD-Rom drive 

• HP LaserJet or Ink Jet-compatible printer 

Communications - EFS-NET 

• DSL, Internet Cable, or T1-T3 Direct Line with online Internet access 

• Internet Explorer 6.x or greater (for EFS-NET certificate compatibility)

 

Minimum Requirements: 

Application 

• IBM-compatible PC – 256MHz processor 

• Windows 2000, XP 

• 256 Meg of installed RAM memory 

• 150 Meg of available hard drive memory 

• Color monitor – 800x600, 256 colors screen 

• CD-Rom drive 

• HP LaserJet or Ink Jet-compatible printer 

Communications - EFS-NET 

• 56K bps modem and active account with an Internet Access Service Provider 

• Internet Explorer 6.x or greater (for EFS-NET certificate compatibility) 

For quick reference to this page at any time, save this link in your Favorites: 

 <https://xnet1.ots.treas.gov/efsnet/bulletins/efs_6x_requirements.pdf>
10 Financial Reporting Bulletin, December 2009 

Office of Thrift Supervision 

Filing Deadline Schedule for 2009 Regulatory Reports 

You can and should complete and transmit your reports 

as soon as possible after the close of the quarter. 

To preclude the OTS's consideration of the assessment of civil money penalties, 

pursuant to the provisions in 12 U.S.C. § 1464(v)(4)-(7), Reports of condition, 

please ensure that all TFR reports are filed before the filing deadlines shown 

below, and are filed accurately in accordance with the instructions. 

FILING DEADLINE Reporting 

"As Of" Date Thrift Financial 

Report 

Schedule CMR 

and HC Cost of Funds Branch Office Survey 

January 31 Monday 

March 2 

Monday 

March 30 February 29 

March 31 Thursday 

April 30 

Friday 

May 15 

Thursday 

April 30 

April 30 Monday 

June 1 

May 31 Tuesday 

June 30 

June 30 Thursday 

 July 30 

Friday 

August 14 

Thursday 

July 30 

Monday 

August 24 

July 31 Monday 

August 31 

August 31 Wednesday 

September 30 

September 30 Friday 

 October 30 

Monday 

November 16 

Friday 

October 30 

October 31 Monday 

November 30 

November 30 Wednesday 

December 30 

December 31 Monday 

February 1, 2010 

Tuesday 

February 16, 2010

Monday 

February 1, 2010 
Financial Reporting Bulletin, December 2009 11

Office of Thrift Supervision 

Filing Schedule for 2010 Regulatory Reports 

You can and should complete and transmit your reports 

as soon as possible after the close of the quarter. 

To preclude the OTS's consideration of the assessment of civil money penalties, 

pursuant to the provisions in 12 U.S.C. § 1464(v)(4)-(7), Reports of condition, 

please ensure that all TFR reports are filed before the filing deadlines shown 

below, and are filed accurately in accordance with the instructions. 

FILING DEADLINE Reporting 

"As Of" Date Thrift Financial 

Report 

Schedule CMR 

and HC Cost of Funds Branch Office Survey 

January 31 Tuesday 

March 2 

Tuesday 

March 30 February 29 

March 31 Friday 

April 30 

Monday 

May 17 

Friday 

April 30 

April 30 Tuesday 

June 1 

May 31 Wednesday 

June 30 

June 30 Friday 

 July 30 

Monday 

August 16 

Friday 

July 30 

Monday 

August 23 

July 31 Monday 

August 30 

August 31 Thursday 

September 30 

September 30 Monday 

 November 1 

Monday 

November 15 

Monday 

November 1 

October 31 Tuesday 

November 30 

November 30 Thursday 

December 30 

December 31 Monday 

January 31, 2011 

Monday 

February 14, 2011

Monday 

January 31, 2011 
12 Financial Reporting Bulletin, December 2009 

THRIFT FINANCIAL REPORT 

INSTRUCTION MANUAL

DECEMBER 2009 

Insert the attached revised pages into your Thrift Financial Report Instruction 

Manual. Delete only the pages that have a replacement. Refer to the summary of 

these changes in the December 2009 Financial Reporting Bulletin. 

Direct questions to your Financial Reporting Analyst in Dallas, Texas, or e-mail 

tfr.instructions@ots.treas.gov.
THRIFT FINANCIAL REPORT INSTRUCTION MANUAL DECEMBER 2009 

 

SCHEDULE FV — CONSOLIDATED ASSETS AND 

LIABILITIES MEASURED AT FAIR VALUE ON A 

RECURRING BASIS 

Throughout these instructions, you and your refers to the reporting savings association and its consolidated 

subsidiaries; we and our refers to the Office of Thrift Supervision. 

GENERAL INSTRUCTIONS 

BACKGROUND 

Complete this Schedule if your total assets reported on SC60 are greater than $10 billion at any time 

during the fiscal year. Report on this Schedule all assets and liabilities measured at fair value on a 

recurring basis (i.e. either marked-to-market through earnings each reporting period or, for available-forsale securities, reflecting changes in fair value as a component of other comprehensive income), 

including on a quarterly basis for purposes of the Thrift Financial Report. 

FAIR VALUE MEASUREMENTS: LEVEL 1, LEVEL 2, LEVEL 3, AND 

LESS: AMOUNTS NETTED 

For each asset and liability caption in this Schedule, report the fair value amounts which fall in their 

entirety in Levels 1, 2, or 3, respectively, in accordance with GAAP. The level in the fair value hierarchy 

within which a fair value measurement in its entirety falls should be determined based on the lowest level 

input (with Level 3 being the lowest and Level 1 the highest) that is significant to the fair value 

measurement in its entirety. 

For each asset and liability caption in this Schedule where you have a legally enforceable master netting 

agreement, you may have reported on Schedule SC the asset net of a related liability, or the liability net 

of a related asset, consistent with GAAP. However, report on this Schedule the gross amount of the 

asset or liability by the applicable Level (1, 2, or 3), even though you may have reported such amounts 

net on Schedule SC. In addition, for each asset or liability where the amount on Schedule SC has been 

reported net of a related liability or asset, respectively, and where the amount on this Schedule has been 

reported gross (that is, without regard to the related liability or asset), report the related netting 

adjustment. 

 SCHEDULE FV 1701 
DECEMBER 2009 THRIFT FINANCIAL REPORT INSTRUCTION MANUAL 

 

LINE-BY-LINE INSTRUCTIONS 

ASSETS 

FV111, 112 and 113: Federal Funds Sold and Securities Purchased 

Under Agreements to Resell 

For federal funds sold and securities purchased under agreements to resell that are included on SC125, 

Federal Funds Sold and Securities Purchased Under Agreements to Resell, and that are measured at fair 

value on a recurring basis, report these assets by the applicable Level (1, 2, or 3). 

FV131, 132 and 133: Trading Securities 

For trading securities that are included on SC11, Cash, Deposits, and Investment Securities, and SC22, 

Mortgage-Backed Securities, report these assets by the applicable Level (1, 2, or 3). All trading securities 

are measured at fair value on a recurring basis, with changes in fair value reported through earnings. 

FV151, 152 and 153: Available-for-Sale Securities 

For available-for-sale securities that are included on SC11, Cash, Deposits, and Investment Securities, 

and SC22, Mortgage-Backed Securities, report these assets by the applicable Level (1, 2, or 3). All 

available-for-sale securities are measured at fair value on a recurring basis. However, the change in fair 

value on available-for-sale securities is reflected in other comprehensive income – not in earnings. 

FV211, 212 and 213: Loans and Leases 

For loans and leases that are included on SC26, Mortgage Loans, and SC31, Nonmortgage Loans, and 

that are measured at fair value on a recurring basis, report these assets by the applicable Level (1, 2, or 

3). 

FV241, 242 and 243: Mortgage Servicing Rights 

For mortgage servicing rights that are included on SC642, Servicing Assets on Mortgage Loans, and that 

are measured at fair value on a recurring basis, report these assets by the applicable Level (1, 2, or 3). 

FV261, 262 and 263: Derivative Assets 

For derivative assets that are included on SC689, Other Assets, report these assets by the applicable 

Level (1, 2, or 3). All derivatives are measured at fair value on a recurring basis with changes in fair value 

reported through earnings. 

FV311, 312 and 313: All Other Financial Assets 

For all other financial assets that are included in SC60, Total Assets, and that are measured at fair value 

on a recurring basis, report these assets by the applicable Level (1, 2, or 3). 

1702 SCHEDULE FV
THRIFT FINANCIAL REPORT INSTRUCTION MANUAL DECEMBER 2009 

 

FV11: Federal Funds Sold and Securities Purchased Under 

Agreements to Resell 

FV13: Trading Securities 

FV15: Available-for-Sale Securities 

FV21: Loans and Leases 

FV24: Mortgage Servicing Rights 

FV26: Derivative Assets 

FV31: All Other Financial Assets 

For each asset category, the EFS software will compute this line as the sum of the amounts reported in 

the columns for each Level (1, 2, and 3), as follows: 

FV11 = FV111 + FV112 + FV113 

FV13 = FV131 + FV132 + FV133 

FV15 = FV151 + FV152 + FV153 

FV21 = FV211 + FV212 + FV213 

FV24 = FV241 + FV242 + FV243 

FV26 = FV261 + FV262 + FV263 

FV31 = FV311 + FV312 + FV313 

FV114: Federal Funds Sold and Securities Purchased Under 

Agreements to Resell 

FV134: Trading Securities 

FV154: Available-for-Sale Securities 

FV214: Loans and Leases 

FV244: Mortgage Servicing Rights 

FV264: Derivative Assets 

FV314: All Other Financial Assets 

For each asset category where the amount on Schedule SC has been reported net of a related liability, 

and where the amount on this Schedule has been reported gross (that is, without regard to the related 

liability), report the related netting adjustment. In all cases, the netting adjustment will be negative. 

However, report the amount as positive, as the EFS software will subtract the amount from the total 

before netting to arrive at the Total, After Netting. These adjustments will align the amounts reported for 

assets on this Schedule with the amounts reported on Schedule SC. 

 SCHEDULE FV 1703 
DECEMBER 2009 THRIFT FINANCIAL REPORT INSTRUCTION MANUAL 

 

FV12: Federal Funds Sold and Securities Purchased Under 

Agreements to Resell 

FV14: Trading Securities 

FV16: Available-for-Sale Securities 

FV22: Loans and Leases 

FV25: Mortgage Servicing Rights 

FV27: Derivative Assets 

FV32: All Other Financial Assets 

For each asset category, the EFS software will compute this line as the total before netting, less the 

amount reported for Less: Amounts Netted, as follows: 

FV12 = FV11 – FV114 

FV14 = FV13 – FV134 

FV16 = FV15 – FV154 

FV22 = FV21 – FV214 

FV25 = FV24 – FV244 

FV27 = FV26 – FV264 

FV32 = FV31 – FV314 

FV41, 42, 43 and 44: Total Assets Measured at Fair Value on a 

Recurring Basis 

For each Level (1, 2, or 3) and for the total before netting, the EFS software will compute this line as the 

sum of the corresponding amounts reported or computed for each asset category, as follows: 

FV41 = FV111 + FV131 + FV151 + FV211 + FV241 + FV261 + FV311 

FV42 = FV112 + FV132 + FV152 + FV212 + FV242 + FV262 + FV312 

FV43 = FV113 + FV133 + FV153 + FV213 + FV243 + FV263 + FV313 

FV44 = FV11 + FV13 + FV15 + FV21 + FV24 + FV26 + FV31 

FV46: Total Assets Measured at Fair Value on a Recurring Basis – 

Less: Amounts Netted 

The EFS software will compute this line as the sum of the corresponding amounts reported for each asset 

category, as follows: 

FV46 = FV114 + FV134 + FV154 + FV214 + FV244 + FV264 + FV314 

FV48: Total Assets Measured at Fair Value on a Recurring Basis – 

Total, After Netting 

The EFS software will compute this line as the sum of the corresponding amounts reported for each asset 

category, as follows: 

FV48 = FV12 + FV14 + FV16 + FV22 + FV25 + FV27 + FV32 

1704 SCHEDULE FV
THRIFT FINANCIAL REPORT INSTRUCTION MANUAL DECEMBER 2009 

 

LIABILITIES 

FV511, 512 and 513: Federal Funds Purchased and Securities Sold 

Under Agreements to Repurchase 

For federal funds purchased and securities sold under agreements to repurchase that are included on 

SC730, Federal Funds Purchased and Securities Sold Under Agreements to Repurchase, and that are 

measured at fair value on a recurring basis, report these liabilities by the applicable Level (1, 2, or 3). 

FV531, 532 and 533: Deposits 

For deposits that are included on SC710, Deposits, and that are measured at fair value on a recurring 

basis, report these liabilities by the applicable Level (1, 2, or 3). 

FV611, 612 and 613: Subordinated Debentures 

For subordinated debentures that are included on SC736, Subordinated Debentures, and that are 

measured at fair value on a recurring basis, report these liabilities by the applicable Level (1, 2, or 3). 

FV631, 632 and 633: Other Borrowings 

For other borrowings that are included on SC760, Other Borrowings, and that are measured at fair value 

on a recurring basis, report these liabilities by the applicable Level (1, 2, or 3). 

FV651, 652 and 653: Derivative Liabilities 

For derivative liabilities that are included on SC796, Other Liabilities and Deferred Income, report these 

liabilities by the applicable Level (1, 2, or 3). (All derivatives are measured at fair value on a recurring 

basis with changes in fair value reported through earnings.) 

FV711, 712 and 713: All Other Financial Liabilities 

For all other financial liabilities that are included in SC70, Total Liabilities, and that are measured at fair 

value on a recurring basis, report these liabilities by the applicable Level (1, 2, or 3). 

FV51: Federal Funds Purchased and Securities Sold Under 

Agreements to Repurchase 

FV53: Deposits 

FV61: Subordinated Debentures 

FV63: Other Borrowings 

FV65: Derivative Liabilities 

FV71: All Other Financial Liabilities 

 SCHEDULE FV 1705 
DECEMBER 2009 THRIFT FINANCIAL REPORT INSTRUCTION MANUAL 

 

For each liability category, the EFS software will compute this line as the sum of the amounts reported in 

the columns for each Level (1, 2, and 3), as follows: 

FV51 = FV511 + FV512 + FV513 

FV53 = FV531 + FV532 + FV533 

FV61 = FV611 + FV612 + FV613 

FV63 = FV631 + FV632 + FV633 

FV65 = FV651 + FV652 + FV653 

FV71 = FV711 + FV712 + FV713 

FV514: Federal Funds Purchased and Securities Sold Under 

Agreements to Repurchase 

FV534: Deposits 

FV614: Subordinated Debentures 

FV634: Other Borrowings 

FV654: Derivative Liabilities 

FV714: All Other Financial Liabilities 

For each liability category where the amount on Schedule SC has been reported net of a related asset, 

and where the amount on this Schedule has been reported gross (that is, without regard to the related 

asset), report the related netting adjustment. In all cases, the netting adjustment will be negative. 

However, report the amount as positive, as the EFS software will subtract the amount from the total 

before netting to arrive at the Total, After Netting. These adjustments will align the amounts reported for 

liabilities on this Schedule with the amounts reported on Schedule SC. 

FV52: Federal Funds Purchased and Securities Sold Under 

Agreements to Repurchase 

FV54: Deposits 

FV62: Subordinated Debentures – 

FV64: Other Borrowings 

FV66: Derivative Liabilities 

FV72: All Other Financial Liabilities 

1706 SCHEDULE FV
THRIFT FINANCIAL REPORT INSTRUCTION MANUAL DECEMBER 2009 

 

 SCHEDULE FV 1707 

For each liability category, the EFS software will compute this line as the total before netting, less the 

amount reported for Less: Amounts Netted, as follows: 

FV52 = FV51 – FV514 

FV54 = FV53 – FV534 

FV62 = FV61 – FV614 

FV64 = FV63 – FV634 

FV66 = FV65 – FV654 

FV72 = FV71 – FV714 

FV81, 82, 83 and 84: Total Liabilities Measured at Fair Value on a 

Recurring Basis 

For each Level (1, 2, or 3) and for the total before netting, the EFS software will compute this line as the 

sum of the corresponding amounts reported or computed for each liability, as follows: 

FV81 = FV511 + FV531 + FV611 + FV631 + FV651 + FV711 

FV82 = FV512 + FV532 + FV612 + FV632 + FV652 + FV712 

FV83 = FV513 + FV533 + FV613 + FV633 + FV653 + FV713 

FV84 = FV51 + FV53 + FV61 + FV63 + FV65 + FV71 

FV86: Total Liabilities Measured at Fair Value on a Recurring Basis – 

Less: Amounts Netted 

The EFS software will compute this line as the sum of the corresponding amounts reported for each 

liability category, as follows: 

FV86 = FV514 + FV534 + FV614 + FV634 + FV654 + FV714 

FV88: Total Liabilities Measured at Fair Value on a Recurring Basis – 

Total, After Netting 

The EFS software will compute this line as the sum of the corresponding amounts reported for each 

liability category, as follows: 

FV88 = FV52 + FV54 + FV62 + FV64 + FV66 + FV72 
THIS PAGE INTENTIONALLY LEFT BLANK
THRIFT FINANCIAL REPORT INSTRUCTION MANUAL DECEMBER 2009 

SCHEDULE FS — FIDUCIARY AND RELATED 

SERVICES 

Throughout these instructions, you and your refers to the reporting savings association and its 

consolidated subsidiaries; we and our refers to the Office of Thrift Supervision. 

Complete Schedule FS on a consolidated basis, including the fiduciary or related services of any 

significant, majority-owned operating subsidiaries or service corporations. 

For report dates through December 31, 2008, the information reported in Schedule FS on fiduciary and 

related services income (except total gross fiduciary and related services income) and on fiduciary 

settlements, surcharges, and other losses will not be made available to the public on an institution basis. 

Beginning with the March 31, 2009 report date, all of the information reported in Schedule FS for each 

savings association will be publicly available. 

The income and expense data reported on FS310 through FS35 and the fiduciary settlements, 

surcharges, and other losses reported on FS710 through FS72 must be reported for the calendar year-todate. 

FS110: DOES YOUR INSTITUTION HAVE FIDUCIARY POWERS? 

Check Yes if OTS, a state, or another banking authority has granted you trust powers to administer 

accounts in a fiduciary capacity. You should check Yes if your significant, majority-owned subsidiaries 

have been granted trust powers by OTS, a state, or another banking authority. Fiduciary capacity 

generally includes acting as a trustee, executor, administrator, registrar of stocks and bonds, transfer 

agent, assignee, receiver, guardian or conservator of the estate of a minor or incompetent, acting in 

connection with a Uniform Gift to Minors Act account, investment adviser (if you receive a fee for your 

investment advice), any capacity in which you possess investment discretion on behalf of another, or any 

other similar capacity. 

FS120: DOES YOUR INSTITUTION EXERCISE THE FIDUCIARY 

POWERS IT HAS BEEN GRANTED? 

Check Yes if you exercise your fiduciary powers. Exercising fiduciary powers means that you serve in a 

fiduciary capacity as described in the instructions for FS110. 

 SCHEDULE FS 1301 
DECEMBER 2009 THRIFT FINANCIAL REPORT INSTRUCTION MANUAL 

FS130: DOES YOUR INSTITUTION HAVE ANY FIDUCIARY OR 

RELATED ACTIVITY (IN THE FORM OF ASSETS OR 

ACCOUNTS) TO REPORT IN THIS SCHEDULE? 

Check Yes if you have assets, accounts, or income from fiduciary or related services. You should check 

No if you have trust powers and only use those powers to provide services in connection with land trusts 

or if you act as a document custodian for mortgage-backed securities, such as those offered by Fannie 

Mae (FNMA), Freddie Mac (FHLMC), or Ginnie Mae (GNMA). If you check No, do not complete the 

remainder of this schedule. 

Reportable related services are those services that do not require trust powers but are related to fiduciary 

services. Specifically, this includes custodial services for assets held by you in a fiduciary capacity. You 

should report on this schedule fiduciary related services that are offered through your trust department, 

fiduciary business unit, or other distinct department or business unit that is devoted to the provision of 

fiduciary or related services. You should not include custodial services provided to commercial bank 

services such as hold in custody repurchase assets, escrow accounts that benefit third parties, safety 

deposit boxes, and other similar commercial arrangements. 

FILING REQUIREMENTS 

If your answer to FS130 is Yes, complete the applicable items of Schedule FS as follows: 

If your total fiduciary assets (items FS20 and FS21) are greater than $250 million for the preceding 

calendar year or your gross fiduciary and related services income was greater than 10 percent of total 

revenue (net interest income plus noninterest income), you must complete: 

1. Items FS210 through FS30 each quarter; 

2. Items FS391 through FS35 annually with the December report; and 

3. Memorandum items FS410 through FS72 annually with the December report. 

If your total fiduciary assets (items FS20 and FS21) are greater than $100 million but less than or equal to 

$250 million for the preceding calendar year or your gross fiduciary and related services income was not 

greater than 10 percent of total revenue (net interest income plus noninterest income), you must 

complete: 

1. Items FS210 through FS291 each quarter; and 

2. FS310 through FS35 and FS410 through FS72, annually with the December report. 

If your total fiduciary assets (items FS20 and FS21) are $100 million or less for the preceding calendar 

year or your gross fiduciary and related services income was not greater than 10 percent of total revenue 

(net interest income plus noninterest income), you must complete: 

1. Items FS210 through FS291 each quarter; and 

2. Memorandum items FS410 through FS65 annually with the December report. 

FIDUCIARY AND RELATED ASSETS 

Report fiduciary and related assets using market value as of the report date. While market value 

quotations are readily available for marketable securities, many financial and physical assets held in 

fiduciary accounts are not widely traded or easily valued. If the methodology for determining market 

value is not set or governed by applicable law (including state or federal law governing the fiduciary 

relationship, the terms of an instrument governing the fiduciary relationship, or any court order pertaining 

1302 SCHEDULE FS 
THRIFT FINANCIAL REPORT INSTRUCTION MANUAL DECEMBER 2009 

to the relationship), you may use any reasonable method to establish values for purposes of reporting on 

this schedule. Reasonable methods may include appraisals, book value, or reliable estimates. Valuation 

methods should be consistent from reporting period to reporting period. This “reasonable method” 

approach to reporting market value applies both to financial assets that are not marketable and to 

physical assets. Physical assets held in fiduciary accounts may include equipment, art, collectibles, and 

household goods. 

Only those Individual Retirement Accounts, Health Savings Accounts, and other similar accounts offered 

through a fiduciary business unit should be reported in Schedule FS. When such accounts are not 

offered through the trust department or fiduciary business unit, they should not be reported in Schedule 

FS. Accounts that consist solely of deposits in the thrift itself should not be reported in Schedule FS. 

If two institutions are named cofiduciary in the governing instrument, both institutions should report the 

account. In addition, where one institution provides fiduciary or related services to another institution’s 

accounts (for example: Bank A provides custody services to the trust accounts of Bank B; or Bank A 

provides investment management services to the trust accounts of Bank B) both institutions should report 

the accounts, according to the services provided. 

Exclude unfunded trusts, anticipated testamentary executor appointments, and any other arrangements 

that represent potential future fiduciary accounts. 

Report asset values net of any outstanding liabilities. For example, report: (1) an employee benefit 

account with participant loans net of the outstanding loan balances; (2) an account with a real estate 

asset and corresponding mortgage loan net of the mortgage liability; (3) gross fiduciary assets net of any 

associated overdrafts; and (4) gross assets net of the fair value of derivative instruments, as defined in 

FASB Statement No. 133, even if the fair value is negative. 

Reflect securities lending transactions as sales or as secured borrowings according to GAAP, as 

principally prescribed in FASB Statement No. 140. A transferee (borrower) of securities generally is 

required to provide collateral to the transferor (lender) of securities. When such transactions do not 

qualify as sales, securities lenders and borrowers should account for the transactions as secured 

borrowings in which cash (or securities that the holder is permitted by contract or custom to sell or 

repledge) received as collateral by the securities lender is considered the amount borrowed and the 

securities loaned are considered pledged against the amount borrowed. For purposes of this schedule, 

securities held in fiduciary accounts that are loaned in securities lending transactions and are accounted 

for as secured borrowings should be reported as an asset of the respective fiduciary account that loaned 

the securities, but the collateral received should not be reported as an asset of the fiduciary account. 

In the Fiduciary and Related Assets section (FS210 through FS291), you should include for each account 

in whatever line item is pertinent, the market value of common trust fund units, collective investment fund 

(CIF) units, and shares of proprietary mutual funds held by the account. Proprietary mutual funds are 

those funds where you, your affiliates, or your subsidiaries act as investment adviser to the fund. You 

should not report a common trust fund or a collective investment fund administered by you as a 

separate account in FS260/262. You should report each proprietary mutual fund as a separate account 

in FS260 and include its assets in FS262. When reporting a proprietary mutual fund in FS290, subtract 

from the value of the mutual fund as a whole, those shares held by fiduciary or custodial accounts that 

are already reported in the fiduciary and related section on FS210 through FS291. This will prevent 

duplicate reporting. 

MANAGED ASSETS 

Report the total market value of assets held in managed fiduciary accounts. An account should be 

categorized as managed if you have investment discretion over the assets of the account. Investment 

discretion is defined as the sole or shared authority to determine what securities or other assets to 

purchase or sell on behalf of the fiduciary account, even if that authority is not exercised. If you have 

delegated your investment authority to another institution, then you both have investment discretion for 

reporting purposes. You should report an account as either managed or nonmanaged based on your 

predominant responsibility. 

 SCHEDULE FS 1303 
DECEMBER 2009 THRIFT FINANCIAL REPORT INSTRUCTION MANUAL 

Whether an account where investment discretion has been delegated to a registered investment adviser, 

whether affiliated or nonaffiliated, should be reported as a managed account depends on whether the 

delegation of investment authority to the registered investment adviser was made pursuant to the 

exercise of investment discretion. If so, the account is deemed to be a managed account. Otherwise, the 

account would be a non-managed account for purposes of Schedule FS. 

NONMANAGED ASSETS 

Report the total market value of assets held in nonmanaged fiduciary accounts. An account should be 

categorized as nonmanaged if you do not have investment discretion. Accounts should be categorized 

as nonmanaged where you are a fiduciary and provide a menu of investment options but the ultimate 

selection authority remains with the account holder or an external manager. For example, if you provide 

a choice of sweep vehicles or an array of mutual funds, you are not necessarily exercising investment 

discretion. Another example of a fiduciary nonmanaged account is where you serve as trustee for a 

401(k) employee benefit plan and the plan participants make their own investment selections. Investment 

advisory agency accounts for which a savings association provides investment advice for a fee but where 

the ultimate investment decision rests with the customer should be reported as a nonmanaged account. 

NUMBER OF MANAGED ACCOUNTS 

Report the total number of managed fiduciary accounts. 

NUMBER OF NONMANAGED ACCOUNTS 

Report the total number of nonmanaged fiduciary accounts. 

FS210 Through 213: Personal Trust and Agency Accounts 

Report the market value and number of accounts for all testamentary trusts, revocable and irrevocable 

living trusts, and any other personal trusts and estates. Include accounts in which you serve as trustee, 

executor, administrator, guardian, or conservator. Do not include personal investment management 

accounts, these should be reported on FS260/262. Personal investment advisory accounts should be 

reported on FS261/263. Also, do not include Keogh Act plans, and other pension or profit sharing plans 

for self-employed individuals. These should be included in FS240 through FS243. Individual Retirement 

Accounts, Health Savings Accounts and other similar accounts should be included in FS234 through 

FS237 and in FS240 through FS243. Include accounts that only receive custody or safekeeping services 

in FS280 and FS281. 

Retirement-related Trust and Agency Accounts: 

FS220 Through FS223: Employee Benefit - Defined Contribution 

Report the market value and number of accounts for all employee benefit, defined contribution accounts 

for which you serve as trustee or in another fiduciary capacity. Include 401(k) plans, 403(b) plans, profitsharing plans, money purchase plans, target benefit plans, stock bonus plans, employee stock ownership 

plans, and thrift savings plans. Employee benefit accounts for which you serve as a directed trustee 

should be reported as non-managed. The number of accounts reported should reflect the total number of 

plans administered rather than the number of plan participants. Report employee benefit accounts for 

which you are a custodian in FS280 and FS281. 

1304 SCHEDULE FS 
THRIFT FINANCIAL REPORT INSTRUCTION MANUAL DECEMBER 2009 

FS230 Through FS233: Employee Benefit - Defined Benefit 

Report the market value and number of accounts for all employee benefit, defined benefit plans for which 

you serve as trustee or in another fiduciary capacity. The number of accounts reported should reflect the 

total number of plans administered rather than the number of plan participants. Report employee benefit 

accounts for which you are a custodian in FS280 and FS281. 

FS240 Through FS243: Other Retirement Accounts 

Report the market value and number of accounts for all other retirement related accounts in which you 

serve as trustee or in another fiduciary capacity. Include Keogh Act plans and other pension or profitsharing plans for self-employed individuals. Also report the market value of assets and the number of 

accounts for employee welfare benefit trusts and agencies. Employee welfare benefit plans include 

plans, funds, or programs that provide medical, surgical, or hospital care benefits; benefits in the event of 

sickness, accident, disability, death, or unemployment; vacation benefits; apprenticeship or other training 

programs; day care centers; scholarship funds; or prepaid legal services. Individual Retirement 

Accounts, Health Savings Accounts, Medical Savings Accounts where you are the trustee should be 

reported on this line as well as on FS234 through 237. Report employee benefit accounts for which you 

are a custodian in FS280 and FS281 as well as on FS234 through FS236. The number of accounts 

reported should reflect the total number of plans or accounts administered rather than the number of plan 

participants. 

FS250 Through FS253: Corporate Trust and Agency Accounts 

Report the market value and number of all your corporate trust accounts. Report assets for which you 

have the responsibility to manage or administer in accordance with the corporate trust agreement. 

Include assets of unpresented bonds or coupons relating to issues that have been called or matured. Do 

not include the entire market value of the associated securities or the outstanding principal of associated 

debt issues. Include accounts where you are the trustee for corporate securities, tax-exempt and other 

municipal securities, and other debt securities including unit investment trusts. Also, include accounts for 

which you are the dividend or interest paying agent or any other type of corporate trustee or agent. 

FS260 Through FS263: Investment Management and Investment 

Advisory Agency Accounts 

Report the market value and number of accounts for all investment management and investment advisory 

accounts that are administered within the fiduciary area. Investment management accounts are those 

accounts for which you have investment discretion although title to the assets remains with the client. 

Investment advisory accounts are those agency accounts that you provide investment advice for a fee, 

but for which some other person is responsible for investment decisions. Investment management 

accounts should be reported as managed. Investment advisory agency accounts should be reported as 

non-managed. Investment management and advisory accounts maintained for foundations and 

endowments should be reported in FS264 through FS267. Include accounts for which you serve as a 

sub-advisor. Include those mutual funds that you advise in a separately identifiable department or 

division or by an operating subsidiary. The different investment classes of a single mutual fund should be 

combined and reported as a single account. 

FS 264 Through FS267: Foundations and Endowments 

Report the market value and number of accounts for all foundations and endowments (whether 

established by individuals, families, corporations, or other entities) that file Form 990, regardless of which 

version, for which you serve as trustee or agent. Also report those foundations and endowments that do 

not file Form 990, 990EZ, or 990PF solely because the organization’s gross receipts or total assets fall 

below reporting thresholds, but would otherwise be required to file. Foundations and endowments 

established by churches, which are exempt from filing Form 990, should also be reported in this item. 

Employee benefit accounts maintained for a foundation’s or endowment’s employees should be reported 

 SCHEDULE FS 1305 
DECEMBER 2009 THRIFT FINANCIAL REPORT INSTRUCTION MANUAL 

in the Retirement-related Trust and Agency Accounts section. Accounts that are solely custodial or 

safekeeping should be reported in FS280 and FS281. 

FS270 Through FS273: Other Fiduciary Accounts 

Report the market value and number of accounts for all other fiduciary accounts not reported in FS210 

through FS267. Report custody and safekeeping accounts in FS280 and FS281. 

FS20 THROUGH FS23: TOTAL FIDUCIARY ACCOUNTS 

The EFS software will compute these lines as the sums of their respective columns, from FS210, FS211, 

FS212, and FS213 through FS270, FS271, FS272, and FS273. 

FS280 and FS281: Custody and Safekeeping Accounts 

Report the market value and the number of accounts for all individual and institutional custody and 

safekeeping accounts administered by you. Safekeeping and custody accounts are a type of account for 

which you perform custody or safekeeping services. In these accounts, you do not act in a fiduciary 

capacity, such as trustee, and you do not provide investment advice for a fee or have investment 

discretion. Safekeeping and custodial services may include holding assets, processing income and 

redemptions, recordkeeping, or customer reporting. For employee benefit custody or safekeeping 

accounts, the number of accounts you report should reflect the total number of plans administered rather 

than the number of plan participants. Include accounts in which you serve as a sub-custodian for another 

institution. For example, where you contract with another institution for custody services, both of you 

should report the accounts. Do not include accounts for which you provide document custodial services 

for Ginnie Mae, Fannie Mae, or other mortgage-backed securities. Also, do not include accounts for 

which you provide services to land trusts. 

Individual Retirement Accounts, Health Savings Accounts, Medical Savings Accounts where you serve as 

custodian should be reported on this line as well as on FS234 through FS237. Exclude, IRAs, HSAs, and 

other similar accounts not offered through your trust department or fiduciary business unit. 

Accounts in which you serve as trustee or in an agency capacity in addition to being custodian should be 

reported in the category of the primary relationship. For example, personal trust accounts in which you 

serve as trustee and custodian should be reported as personal trust accounts and not as custodian 

accounts. Include custody and safekeeping accounts that are administered by your trust department or 

other identifiable business unit area that focuses on offering custodial services to individual or institutional 

fiduciary clients. Do not include those custodial, escrow, and safekeeping activities that are related to 

commercial bank services such as hold in custody repurchase assets, securities safekeeping services for 

correspondent banks, escrow assets held for the benefit of third parties, safety deposit box assets or any 

other similar commercial arrangement. 

FS234 Through 237: IRAs, HSAs, and Similar Accounts 

Report the market value and number of Individual Retirement Accounts, Health Savings Accounts, and 

other similar accounts, included in FS240 through FS243 or FS280 and FS281. Other similar accounts 

include Roth IRAs, Coverdell Education Savings Accounts, and Archer Medical Savings Accounts. 

Exclude accounts not offered through your trust department or fiduciary business unit. 

FS290 and FS291: Assets Included Above, Excluded for Purposes of 

the OTS Assessment Complexity Component 

OTS imposes semiannual assessments on savings associations based on three components: the thrift’s 

size, its condition, and the complexity of its portfolio. For savings associations that have trust powers, a 

1306 SCHEDULE FS 
THRIFT FINANCIAL REPORT INSTRUCTION MANUAL DECEMBER 2009 

complexity component is assessed for those associations that administer over $1 billion in trust assets. 

This complexity component, broken into three different categories, is calculated by utilizing different line 

items of this schedule. There are situations where OTS requires savings associations to report certain 

assets on a line item in Schedule FS that will not be included for assessment purposes. Therefore, the 

purpose of FS290 and FS291 is to exclude certain assets for OTS assessment purposes. 

Report on FS290 those assets of proprietary mutual funds that are reported as a separate account in 

lines FS260 through FS263. Do not include in FS290 those shares of the proprietary mutual fund held by 

fiduciary or custodial accounts that are reported in other sections of Schedule FS. 

Also, include in FS290 and FS291, any amounts you have included in FS234 through FS237. Since 

these assets are already included in FS240 through FS243 or FS280 and FS281 as well as FS234 

through FS237, they should be excluded for purposes of assessment so as to avoid duplicate 

assessment. 

FIDUCIARY AND RELATED SERVICES INCOME 

(CALENDAR YEAR-TO-DATE) 

Report fiduciary and related services income and expense for the calendar year-to-date. The following 

income categories correspond to the asset categories described in FS210 through FS237. Report 

income and expense on an accrual basis. You may report both income and expense on a cash basis 

only if the results would not materially differ from those obtained using an accrual basis. For report dates 

through December 31, 2008, the information reported in Schedule FS on fiduciary and related services 

income (except total gross fiduciary and related services income) will not be made available to the public 

on an individual basis. Beginning with the March 31, 2009 report date, all of the information reported in 

Schedule FS will be publicly available. 

FS310: PERSONAL TRUST AND AGENCY ACCOUNTS 

Report gross income generated from the services provided to personal trust and agency accounts 

reported on FS210 through FS213. 

RETIREMENT RELATED TRUST AND AGENCY ACCOUNTS: 

FS320: Employee Benefit – Defined Contribution 

Report gross income generated from the services provided to defined contribution, employee benefit trust 

and agency accounts reported on FS220 through FS223. 

FS330: Employee Benefit – Defined Benefit 

Report gross income generated from the services provided to defined benefit, employee benefit trust and 

agency accounts reported on FS230 through FS233. 

FS340: Other Retirement Accounts 

Report gross income generated from the services provided to other retirement accounts reported on 

FS240 through FS243. 

 SCHEDULE FS 1307 
DECEMBER 2009 THRIFT FINANCIAL REPORT INSTRUCTION MANUAL 

FS350: CORPORATE TRUST AND AGENCY ACCOUNTS 

Report gross income generated from the services provided to corporate trust and agency accounts 

reported on FS250 through FS253. 

FS360: INVESTMENT MANAGEMENT AND INVESTMENT ADVISORY 

AGENCY ACCOUNTS 

Report gross income generated from the services provided to investment management and investment 

advisory agency accounts reported on FS260 through FS263. Include income received from investment 

advisory activities when the assets are not held by the institution. 

FS365: FOUNDATIONS AND ENDOWMENTS 

Report gross income generated from the services provided to foundation and endowment accounts 

reported on FS264 through FS267. 

FS370: OTHER FIDUCIARY ACCOUNTS 

Report gross income generated from services provided to other fiduciary accounts reported on FS270 

through FS273. 

FS380: CUSTODY AND SAFEKEEPING ACCOUNTS 

Report gross income generated from services provided to custody and safekeeping accounts reported on 

FS280 and FS281. 

FS390: OTHER FIDUCIARY AND RELATED SERVICES INCOME 

Report all other gross fiduciary and related services income that cannot properly be reported on FS310 

through FS380. Include income received from others, including affiliates, for fiduciary and related 

services provided by you. Income received from investment advisory services in which the account 

assets are held in a custody or safekeeping account at the reporting institution should be reported in 

FSFS380. Also, include net income generated from securities lending activities, after deduction of broker 

rebates and income paid to lending accounts. Include income from providing services for land trusts and 

mortgage-backed securities if you have these activities in addition to other trust and fiduciary activities. 

Do not include allocations of income to the trust department from other areas of your savings association, 

such as credits for fiduciary cash held as a deposit on your commercial side. 

FS30: TOTAL GROSS FIDUCIARY AND RELATED SERVICES 

INCOME 

The EFS software will compute this line as the sum of FS310 through FS390. 

1308 SCHEDULE FS 
THRIFT FINANCIAL REPORT INSTRUCTION MANUAL DECEMBER 2009 

FS391: LESS: EXPENSES 

Report total direct and indirect expenses attributable to the fiduciary and related services reported in this 

schedule. 

Direct expenses are immediately identifiable as costs for and directly chargeable to the trust department 

or fiduciary business unit. These expenses include: salaries, bonuses, hourly wages, overtime pay, 

employee benefits, and incentive pay associated with officers and employees of, or associated with, the 

fiduciary and related services reported in this schedule. If only a portion of their time is allocated to 

reportable activities, report that proportional share of their salaries and employee benefits. For trust only 

institutions, include expenses directly chargeable to the fiduciary and related services reported in this 

schedule such as those associated with occupancy, i.e. maintenance, service and repairs, telephones 

and utilities, insurance coverage, real estate or property taxes, depreciation/amortization, lease/rental 

payments for premises and equipment, and any leasehold improvements. Also include fees paid directly 

for external or internal audits of the fiduciary and related services, trust examination fees, employee 

training, fees directly paid for outside legal counsel and/or consultants, and expenses paid directly for 

advertising and business development activities. 

Indirect expenses are those expenses charged to the fiduciary and related services activity from other 

departments of the institution. The expenses are generally reflected in your retail accounting system and 

include any allocation for the proportionate share of corporate expenses that you do not directly charge to 

a particular department or function. If your internal accounting system is unable to provide the 

information, you may use a reasonable alternate method to estimate indirect costs. Indirect expenses 

include: the proportionate share of data processing expenses; building rent or depreciation; utilities; real 

estate taxes; insurance; in-house and/or outside legal counsel; business development activities; 

charitable contributions; corporate overhead, such as allocated expenses for corporate planning and/or 

financial staff; board of director/committee fees; temporary personnel and professionals; travel; 

entertainment; stationary and postage; and automobile expenses. You must keep your reporting 

methods for indirect expenses consistent from period to period. 

Do not include settlements, surcharges, and other losses reported in FS710 through FS742. 

FS392 LESS: NET LOSSES FROM FIDUCIARY AND RELATED 

SERVICES 

Report net losses resulting from fiduciary and related services. Net losses are gross losses less 

recoveries. Gross losses may result from settlements, surcharges, errors from trade processing, 

miscalculation of fees or taxes, pricing discrepancies and other losses that are realized in the reporting 

period attributable to the fiduciary and related services. Recoveries should include those that are 

attributable to prior and current period losses. FS392 must equal the sum of gross managed and 

nonmanaged account losses minus recoveries (FS 70 + FS 71 - FS 72) reported in the Memoranda 

section of the FS Schedule. 

FS393 PLUS: INTRACOMPANY INCOME CREDITS FOR FIDUCIARY 

AND RELATED SERVICES 

If applicable, report credits from other areas of your association for activities reportable in this schedule. 

Include any intracompany income credit made available to the fiduciary area for fiduciary account 

holdings of own-bank deposits. Also, include credits for other intracompany services and transactions. 

FS35 NET FIDUCIARY AND RELATED SERVICES INCOME 

The EFS software will compute this line as the sum of FS30 less FS391 and FS392 plus FS393. 

 SCHEDULE FS 1309 
DECEMBER 2009 THRIFT FINANCIAL REPORT INSTRUCTION MANUAL 

MEMORANDA 

MANAGED ASSETS HELD IN FIDUCIARY ACCOUNTS 

Column A, Personal Trust and Agency and Investment Management Agency Accounts 

Report the market value of managed assets held in personal trust and agency accounts (as defined for 

FS210/212) and investment management agency accounts (as defined for FS260/262 in accordance with 

how the account is invested. Do not include investment advisory agency accounts (as defined for 

FS261/263). 

Column B, Employee Benefit and Retirement Related Accounts 

Report the market value of managed assets held in employee benefit and retirement related trust and 

agency accounts (as defined for FS220/FS222, FS230/232, and FS240/242) 

Column C, All Other Accounts 

Report the market value of managed assets held in corporate trust and agency accounts (as defined for 

FS250/252), foundations and endowments (as defined for FS264/266), and other fiduciary accounts (as 

defined for FS270/272. 

For units in common trust funds and collective investment funds that are held by a managed fiduciary 

account, report the market value of the units in this section. Do not allocate the underlying assets of each 

common trust fund or collective investment fund attributable to managed accounts in the other lines of 

this section. Please note that line items FS463 through FS465 should be used to report investments in 

common trust funds and collective investment funds. Report securities held in fiduciary accounts that are 

loaned in securities lending transactions, accounted for as secured borrowings, as an asset of the 

fiduciary account that loaned the securities. Do not report the collateral received as an asset of this 

fiduciary account. 

FS410 Through FS412: Non-interest-bearing Deposits 

Report all non-interest-bearing deposits, including deposits of both principal and income cash. 

FS415 Through FS417: Interest-bearing Deposits 

Report interest-bearing savings and time deposits. Include NOW accounts, MMDA accounts, BICs (bank 

investment contracts) that are insured by the FDIC, and certificates of deposit. Report interest-bearing 

deposits of both principal and income cash. 

FS420 Through FS422: U.S. Treasury and U.S. Government Agency 

Obligations 

Report all securities issued by and loans to the U.S. Government and agencies and sponsored 

enterprises of the U.S. Include certificates or other obligations that represent pass-through participations 

in pools of real estate loans when the participation instruments: (1) are issued by FHA-approved 

mortgagees and guaranteed by Ginnie Mae, or (2) are issued, insured, or guaranteed by a U.S. 

Government agency or sponsored enterprise, such as Freddie Mac. Also include CMOs and REMICs 

issued by Fannie Mae and Freddie Mac. 

FS425 Through FS427: State, County and Municipal Obligations 

Report all short and long-term obligations of state and local governments and political subdivisions of the 

United States. Include obligations of U.S. territories and their political subdivisions and all Federal 

income tax exempt obligations of authorities such as local housing and industrial development authorities 

1310 SCHEDULE FS 
THRIFT FINANCIAL REPORT INSTRUCTION MANUAL DECEMBER 2009 

that derive their tax-exempt status from relationships with state or local governments. Tax-exempt money 

market mutual funds should be reported with money market mutual funds on FS428 through 430. 

FS428 Through FS430: Money Market Mutual Funds 

Report all holdings of mutual funds registered under the Investment Company Act of 1940 that attempt to 

maintain net asset values at $1.00 per share or that meet the SEC’s requirements at 17 C.F.R. § 270.2a7. Include both taxable and tax-exempt money market mutual funds. Do not include any short-term 

common or collective investment funds. 

FS431 Through FS433: Equity Mutual Funds 

Report all holdings of mutual funds registered under the Investment Company Act of 1940, exchange 

traded funds (ETFs), and unit investment trusts (UITs) that invest primarily in equity securities. For this 

item you should categorize these investments either on the basis of the fund’s investment objective as 

stated in the fund prospectus or the fund classification of a company that tracks information on these 

funds, such as Morningstar, Lipper, etc. Your methodology for categorizing mutual fund, UIT, and ETF 

investments should be consistently applied. 

FS437 Through FS439: Other Mutual Funds 

Report all holdings of all other mutual funds registered under the Investment Company Act of 1940, ETFs 

and UITs. For this item you should categorize these investments either on the basis of the fund’s 

investment objective as stated in the fund prospectus or the fund classification of a company that tracks 

information on these funds, such as Morningstar, Lipper, etc. Your methodology for categorizing mutual 

fund, UIT, and ETF investments should be consistently applied. 

FS463 Through FS465: Common Trust Funds and Collective 

Investment Funds 

Report all holdings of all common trust funds and collective investment funds. Common trust funds and 

collective investment funds are funds that banks are authorized to administer by Section 9.18 of the 

Office of the Comptroller of the Currency’s regulations or comparable state regulations. 

FS434 Through FS436: Other Short-Term Obligations 

Report all other short-term obligations. Short-term obligations are defined as obligations with original 

maturities of less than 1 year, or 13 months in the case of the time portion of master notes. In addition to 

short-term notes, include in this item such money market instruments as master note arrangements, 

commercial paper, bankers’ acceptances, securities repurchase agreements, and other short-term 

liquidity investments. Do not include any state, county or municipal obligations. 

FS440 Through FS442: Other Notes and Bonds 

Report all other bonds, notes other than personal notes, and debentures. 

Include: 

1. Corporate debt, insurance annuity contracts, GICs and BICs that are not insured by the FDIC, 

and obligations of foreign governments. 

2. Certificates or other obligations, however named, representing pass-through participation in pools 

of real estate loans when the participation instruments are issued by financial institutions and 

guaranteed in whole or in part by private guarantors. 

3. CMOs and REMICs that are not issued by Fannie Mae or Freddie Mac, even if the collateral 

consists of Ginnie Mae or Fannie Mae pass-throughs or Freddie Mac PCs. 

 SCHEDULE FS 1311 
DECEMBER 2009 THRIFT FINANCIAL REPORT INSTRUCTION MANUAL 

Do not include: 

1. Short-term obligations that should be reported on FS435. 

2. Personal notes. 

FS466 Through FS468: Investment in Unregistered Funds and Private 

Equity Investments 

Report all holdings of funds exempt from registration under Sections 3c1 or 3c7 of the Investment 

Company Act of 1940, for example, “hedge funds”. Report all holdings of private equity investments 

exempt from registration under Securities Act of 1933 Regulation D. Private equity investments is an 

asset class consisting of purchased equity securities in operating companies that are not publicly traded 

on a stock exchange or otherwise registered with the SEC under federal securities laws. Private equityrelated funds are funds that invest primarily in private equity investments. Unregistered private equity 

funds should be reported in this item. 

Investments in family businesses that are associated with the grantors or beneficiaries of a fiduciary 

account should not be reported in this Memorandum item as a “private equity investment”. Such 

investments may arise, for example, from an in-kind transfer to a fiduciary account of securities of a 

closely-held family business or an increase in a fiduciary account’s percentage ownership of an existing 

closely-held family business whose securities are held in the account. Such investments should be 

reported in FS460 through FS462. 

FS445 Through FS447: Other Common and Preferred Stocks 

Report all holdings of domestic and foreign common and preferred equities, including warrants and 

options. Exclude investments in unregistered funds and private equity investments (which should be 

reported in FS466 through FS468). 

FS450 Through FS452: Real Estate Mortgages 

Report real estate mortgages, real estate contracts, land trust certificates, and ground rents. These 

assets may be reported at their unpaid balance if that figure is a fair approximation of market value. 

FS455 Through FS457: Real Estate 

Report real estate and other similar assets. 

Include: 

1. Mineral interests. 

2. Royalty interests. 

3. Leaseholds. 

4. Land and buildings associated with farm management accounts. 

5. Investments in limited partnerships that are solely or primarily invested in real estate. 

FS460 Through FS462: Miscellaneous Assets 

Report personal notes, tangible personal property, and other miscellaneous assets that cannot be 

properly reported on FS410 through FS457. Include crops, equipment, and livestock associated with 

farm management accounts. Also, include investments in closely-held family businesses if such 

investments represent in-kind transfers to a fiduciary account of securities in a closely-held family 

business or an increase in a fiduciary account’s percentage ownership of an existing closely-held family 

business whose securities are held in the account. 

1312 SCHEDULE FS 
THRIFT FINANCIAL REPORT INSTRUCTION MANUAL DECEMBER 2009 

FS40 Through FS442: Total Managed Assets 

The EFS software will compute these lines as the sums of their respective columns, from FS410, FS411, 

and FS412 through FS460, FS461, and FS462 

INVESTMENTS OF MANAGED FIDUCIARY ACCOUNTS IN ADVISED 

OR SPONSORED MUTUAL FUNDS 

FS495: Market Value of Accounts Invested in Advised/Sponsored 

Mutual Funds 

Report the market value of all fiduciary managed assets invested in mutual funds that you, a subsidiary or 

affiliate sponsors or acts as investment adviser. 

FS496: Number of Accounts Invested in Advised/Sponsored Mutual 

Funds 

Report the number of fiduciary managed accounts with assets invested in advised or sponsored mutual 

funds. 

CORPORATE TRUST AND AGENCY ACCOUNTS: 

FS510 and FS515: Corporate and Municipal Trusteeships 

Report in FS510 the total number of corporate and municipal issues, including equities, such as trust 

preferred securities, or asset-backed securities, for which you serve as trustee. Also, report other debt 

issues such as unit investment trusts and private placement leases, for which you serve as trustee. If 

more than one institution is trustee for an issue, both institutions should report the issue. Consider 

securities with different CUSIP numbers as separate issues; however, consider serial bond issues as a 

single issue. When you serve as trustee of a bond issue and you also perform agency functions for the 

issue such as transfer agent or paying agent, you should report the issue only in FS510, as the trustee 

appointment is considered the primary function. Do not include issues that have been called in their 

entirety or matured even if they are unpresented bonds or coupons for which funds are being held. 

Report on FS515 the unpaid principal balance of the outstanding securities for the issues reported on 

FS510. For zero-coupon bonds, report the final maturity amount. For trust preferred securities, report the 

redemption price. Do not include assets, such as cash, deposits, and investments, that are being held for 

corporate trust purposes; report these on FS250 or FS251. 

FS516 and FS517: 

Report in FS516 the total number and in FS517 the unpaid principal balance (redemption price for trust 

preferred securities) of the issues reported in FS510 that are in substantive default. A substantive default 

occurs when the issuer (a) fails to make a required payment of principal or interest, defaults on a required 

payment into a sinking fund, files for bankruptcy, or is declared bankrupt or insolvent, and (b) default has 

been declared by the trustee. Issues should not be reported as being in substantive default during a cure 

period, provided the indenture for the issue provides for a cure period. Private placement leases where 

the trustee is required to delay or waive the declaration of an event of default, unless requested in writing 

to make such declaration, should not be reported as being in substantive default, provided such written 

request has not been made. Once a trustee’s duties with respect to an issue in substantive default have 

been completed, the issue should no longer be reported as being in default. 

Do not report issues that are in technical default, i.e., if the obligor failed to provide information or 

documentation to the trustee within specified time period. 

 SCHEDULE FS 1313 
DECEMBER 2009 THRIFT FINANCIAL REPORT INSTRUCTION MANUAL 

FS520: Transfer Agent, Registrar, Paying Agent, and Other Corporate 

Agency 

Report the total number of issues for which you act in a corporate agency capacity. Include the total 

number of equity, debt, and mutual fund issues for which you act as transfer agent or registrar regardless 

of whether the transfer agent is registered with its appropriate regulatory agency. Separate classes of a 

mutual fund should be consolidated and reflected as a single issue. Include the total number of stock or 

bond issues for which you disburse dividend or interest payments. Also include the total number of 

issues of any other corporate appointments that are performed by you through your fiduciary capacity. 

Issues where you serve in a dual capacity should be reported once. Corporate and municipal 

trusteeships reported in FS510, in which you also serve as transfer agent, registrar, paying agent, or 

other corporate agency capacity should not be included in FS520. Include only those agency 

appointments that do not relate to issues reported in FS510. 

COLLECTIVE INVESTMENT FUNDS AND COMMON TRUST FUNDS: 

Report in the appropriate subitem the number of funds and the market value of the assets held in 

Collective Investment Funds (CIFs) and Common Trust Funds administered by you. Common trust funds 

and collective investment funds are funds that banks are permitted to administer by Section 9.18 of the 

Office of the Comptroller of the Currency’s regulations or comparable state regulations. If you administer 

a common or collective fund that is used more than one institution, the entire fund should be reported in 

this section only by the institution that administers the fund. Do not include proprietary mutual funds in 

this section. Each common or collective investment fund should be reported in the one subitem that best 

fits the fund type. 

FS610 and FS615: Domestic Equity 

Report funds investing primarily in U.S. equities. 

Include: 

1. Funds seeking growth, income, or both growth and income. 

2. U.S. index funds and those concentrating on small, mid, or large cap domestic stocks. 

Do not include funds specializing in a particular sector, such as technology, health care, financial 

institutions, or real estate. Sector funds should be reported on FS670 and FS675. 

FS620 and FS625: International/Global Equity 

Report funds investing exclusively in equities of issuers located outside the U.S. and those funds 

representing a combination of U.S. and foreign issuers. Include funds that specialize in a particular 

country, region, or emerging market. 

FS630 and FS635: Stock/Bond Blend 

Report funds investing in a combination of equity and bond investments. Include funds with a fixed 

allocation along with those having the flexibility to shift assets between stocks, bonds, and cash. 

FS640 and FS645: Taxable Bond 

Report funds investing in taxable debt securities. 

Include funds that specialize in: 

1. U.S. Treasury and U.S. Government agency debt. 

2. Investment grade corporate bonds. 

1314 SCHEDULE FS 
THRIFT FINANCIAL REPORT INSTRUCTION MANUAL DECEMBER 2009 

3. High-yield debt securities. 

4. Mortgage-related securities. 

5. Global, international, and emerging market debt funds. 

Do not include funds that invest in: 

1. Municipal bonds; report these on FS650 and FS655. 

2. Funds that qualify as short-term investments that should be reported on FS660 and FS665. 

FS650 and FS655: Municipal Bond 

Report funds investing in debt securities issued by states and political subdivisions in the U.S. Such 

securities may be taxable or tax-exempt. Include funds that invest in municipal debt issues from a single 

state. Do not include funds that qualify as short-term investments that should be reported on FS660 and 

FS665. 

FS660 and FS665: Short Term Investments/Money Market 

Report funds subject to the provisions of 12 C.F.R. 9.18(b)(4)(ii)(B) or comparable state regulations that 

invest in short-term money market instruments. Money market instruments may include U.S. Treasury 

bills, commercial paper, bankers’ acceptances, and repurchase agreements. Include taxable and 

nontaxable funds. 

FS670 and FS675: Specialty/Other 

Report funds that specialize in equity securities of particular sectors, such as technology, health care, 

financial, or real estate. Also report funds that do not fit into any of the above categories. 

FS60 AND FS65: TOTAL COLLECTIVE INVESTMENT FUNDS 

The EFS software will compute these lines as the sum of FS610 through FS670 and the sum of FS615 

through FS675. 

FIDUCIARY SETTLEMENTS, SURCHARGES, AND OTHER LOSSES 

(CALENDAR YEAR-TO-DATE) 

Report for the calendar year-to-date all aggregate gross settlements, surcharges, and other losses arising 

from errors, misfeasance, or malfeasance on managed accounts on FS710 through FS740 and on 

nonmanaged accounts, including custody and safekeeping accounts on FS711 through FS741. Gross 

losses should reflect losses recognized on an accrual basis before recoveries or insurance payments. Do 

not include fiduciary related contingent losses, including those for pending or threatened litigation, for 

which a loss has not yet been recognized in accordance with FASB Statement NO.5. 

Report recoveries on FS712 through FS742. Recoveries may be for current or prior years’ losses and 

should be reported when payment is actually realized, not upon the filing of an insurance claim. 

For report dates through December 31, 2008, the information reported on fiduciary settlements, 

surcharges, and other losses will not be made available to the public on an individual institution basis. 

Beginning with the March 31, 2009 report date, all of the information reported in Schedule FS for each 

savings association will be publicly available. 

FS710 through FS712: Personal Trust and Agency Accounts 

Report gross losses and recoveries for managed and nonmanaged personal trust and agency accounts. 

 SCHEDULE FS 1315 
DECEMBER 2009 THRIFT FINANCIAL REPORT INSTRUCTION MANUAL 

1316 SCHEDULE FS 

FS720 through FS722: Retirement Related Employee Benefit 

Accounts 

Report gross losses and recoveries for managed and nonmanaged retirement related employee benefit 

accounts. Include gross losses and recoveries for all defined contribution, defined benefit, and other 

retirement accounts. 

FS730 through FS732: Investment Management and Investment 

Advisory Agency Accounts 

Report gross losses and recoveries for investment management and investment advisory agency 

accounts. 

FS740 through FS742: Other Fiduciary Accounts and Related 

Services 

Report gross losses and recoveries for all other fiduciary accounts and related services that are not 

included in FS710 through FS732. Include losses and recoveries from corporate trust and agency 

accounts, foundations and endowments, other fiduciary accounts, custody and safekeeping accounts, 

and other fiduciary related service accounts. 

FS70 THROUGH FS72: TOTAL FIDUCIARY SETTLEMENTS, 

SURCHARGES, AND OTHER LOSSES 

The EFS software will compute these lines as the sum of FS710 through FS740, FS711 through FS741, 

and FS712 through FS742. The sum of FS70 and FS71 minus FS72 must equal FS392.