Office of Thrift Supervision

Office of Thrift Supervision 

Financial Reporting Division

P.O. Box 619027

Dallas, TX 75261-9027

Fax: 972.277.9596

http://www.ots.treas.gov

E-mail General Questions:

tfr.instructions@ots.treas.gov

EFS Helpline:

efs-info@ots.treas.gov

Tollfree: 1.866.314.1744

Upon receipt, insert the latest software CD dated December 28, 2010, and click on 

the appropriate tab for your institution: Thrift Institutions or Holding Companies. 

The applications available for installation by both Thrifts and Holding Companies 

are the Electronic Filing System (EFS) 7.9.5, Financial Reports Subscriber (FRS) 5.0, 

and .NET Framework 3.5. 

Electronic Filing System: You must install EFS 7.9.5 directly from the CD 

Financial Reports Subscriber: Beginning January 1, 2011, the legacy FRS 4.5 will 

no longer be valid for downloading your reports and assessment billings. If you have 

not already installed or upgraded your system to the FRS 5.0, you should first read 

the documentation available on the CD to assist in setting up the FRS Administrator 

and Windows login accounts. Click on [Getting Started*] under Financial Reports 

Subscriber. Print and carefully review the 23-pages of instructions and screen shots. 

You may need to involve your network administrators or in-house/contract IT 

personnel for assistance prior to contacting the EFS Helpline. 

.NET Framework 3.5: This is a one-time installation. The .NET Framework is the 

source for new FRS secure administration and communications. 

Software CD 

Financial Reporting Bulletin

December 2010

Inside this issue:

December 2010 Changes 2

Amendments to 

 September Reports 2

January 2011 Assessment Billing Invoices 3

Filing Schedule for 2011 

Regulatory Reports 4

Report Filing Deadlines

Monthly Cost of Funds (COF) and

 Thrift Financial Report (TFR) Monday, January 31, 2011

Consolidated Maturity/Rate (CMR) and

 Holding Company (HC) / HOLA 10(l) Monday, February 14, 2011 

The report filing deadlines for December 2010 are as follows:

The OTS Filing Schedule of Regulatory Reports for 2011 is available on page 4 of 

this issue of the Financial Reporting Bulletin, and posted on the OTS website at: 

http://www.ots.treas.gov/?p=NewsFilingInformation
Financial Reporting Bulletin

December 2010

Page 2

Before you enter any amendments to your TFR, CMR, or 

HC reports, be sure to discuss them with your Financial 

Reporting Analyst, who may have questions or further 

instructions for you. All amendments must be transmitted electronically and should include a detailed Message 

to OTS explaining the changes to the data and reason for 

amending the specified report.

Although the instructions allow for 135 days after the 

cycle closes for prior-period amendments, FRD analysts 

may need several days to analyze and process your data. 

Therefore, we encourage you to file any September 2010 

amendments no later than the close of business, Thursday, February 10, 2011.

When contacting anyone at the OTS by e-mail, fax or 

phone, please remember to include your five-digit 

docket number within your voice mail message or on the 

Subject line of all correspondence. This will help us to 

access our records and assist you in a timely manner.

Amendments to September 2010 Reports

“DI580 and DI585 were 

added to collect the 

quarter end amount of 

non interest-bearing 

transaction accounts of 

more than $250,000 by 

FDIC insured depository 

institutions.”

The instructions for the new Schedule RM (Annual Supplemental Consolidated Data on 

Reverse Mortgages) are posted on the OTS website under > Publications & Data > Thrift 

Financial Reports > Instructions and Q&As > Schedule RM, and the report form is available under Report Forms and Bulletins > 2010 Schedule RM. 

DI580 and DI585 were added to collect the quarter end amount of non interest-bearing 

transaction accounts of more than $250,000 by FDIC insured depository institutions.

Deposit Data for Noninterest Bearing Transaction Accounts as defined in

Section 343 of the "Dodd-Frank Wall Street Reform and Consumer Protection

Act of 2010"

DI580: Quarter-End Amount of Noninterest-bearing Transaction Accounts Of More than

$250,000 (Including Balances Swept from Noninterest-bearing Transaction

Accounts to Noninterest-bearing Savings Accounts) 

DI585: Quarter-End Number of Noninterest-bearing Transaction Accounts Of More than 

$250,000 (Actual Number)

December 2010 Report Changes
The January 2011 Office of Thrift Supervision (OTS) assessment invoice will be available through the Financial Reports 

Subscriber (FRS) software. The amount due, as indicated on the invoice, will be collected on Monday, January 31, 2011. 

The January 2011 semi-annual assessment covers the period January 1 through June 30, 2011.

On December 2, 2010, OTS issued TB 48-29, which adjusted the savings association assessment rate schedule for inflation by .8 percent for 2011. The index adjustment will apply only to the first $18 billion in assets. The assessment schedule also reflects an increase in the lowest base assessment from $2,345 to $2,364. The holding company assessment 

rates remains unchanged.

Please refer to the related thrift bulletin links if you have additional questions:

TB 48-29 http://www.ots.treas.gov/_files/84307.pdf

TB 48-27 http://files.ots.treas.gov/84302.pdf

NOTE: The assessment billing invoices will be available solely through the Financial Reports Subscriber (FRS). The invoices will NOT be mailed. The FRS is available to all thrifts and HOLA 10(l) holding companies. OTS regulated thrift 

holding companies will be able to obtain invoices from its thrift financial reporter – the same individual currently 

using the FRS.

If you need assistance with FRS, please contact the OTS EFS helpline TOLL FREE at 866.314.1744 OR email to: 

efs-info@ots.treas.gov.

If you have any other questions regarding the assessment process, please contact OTS Financial Operations: 

Savings Associations (202) 906-6780 or Holding Companies (202) 906-7205.

Section 318 of the Dodd Frank Wall Street Reform and Consumer Protection Act directs the Board of Governors of the 

Federal Reserve System (FRB) to collect assessments for the holding companies with consolidated assets over $50 billion 

that is equal to the expenses necessary to carry out the FRB’s supervisory and regulatory responsibilities with respect to 

these companies. The FRB is developing a framework and process to collect these assessments and will publish a statement of its intentions to this effect in early 2011.

January 2011 Assessment Billing Invoices

Financial Reporting Bulletin

December 2010

Page 3
Office of Thrift Supervision

Filing Schedule for 2011 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.

Reporting 

"As Of" Date

F I L I N G D E A D L I N E

Thrift Financial 

Report

Schedule CMR 

and HC Cost of Funds Branch Office Survey

January 31 Wednesday

March 2

February 28

Wednesday

March 30

March 31 Monday

May 2

Monday

May 16

Monday

May 2

April 30 Tuesday

May 31

May 31 Thursday

June 30

June 30 Monday

 August 1

Monday

August 15

Monday

August 1

Monday

August 22

July 31 Tuesday

August 30

August 31 Friday

September 30

September 30 Monday

 October 31

Monday

November 14

Monday

October 31

October 31 Wednesday

November 30

November 30 Friday

December 30

December 31 Monday

January 30, 2012

Tuesday

February 14, 2012

Monday

January 30, 2012
THRIFT FINANCIAL REPORT INSTRUCTION MANUAL SEPTEMBER 2010

SCHEDULE DI 911

DI635: SECURED FEDERAL FUNDS PURCHASED

Report on an unconsolidated single FDIC certificate number basis the outstanding amount of secured 

federal funds purchased pursuant to the instructions under Schedule DI630 for unsecured federal funds 

purchased.

DI641: SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

Report on an unconsolidated single FDIC certificate number basis the outstanding amount of:

(1) Securities repurchase agreements, regardless of maturity, if the agreement requires the 

institution to repurchase the identical security sold or a security that meets the definition of 

substantially the same in the case of a dollar roll. 

(2) Sales of participations in pools of securities, regardless of maturity

Note: Report securities sold under agreements to repurchase on a gross basis, i.e., do not net them 

against securities purchased under agreements to resell, except to the extent permitted by 

GAAP. Include the fair value of securities sold under agreements to repurchase that are 

accounted for at fair value under a fair value option. 

UNSECURED ―OTHER BORROWINGS‖ - WITH A REMAINING 

MATURITY OF: 

DI645 ONE YEAR OR LESS

DI651 OVER ONE YEAR 

Report the amount of the institution’s unsecured ―Other borrowings‖ in the appropriate lines DI645 

or DI651 according to the amount of time remaining until their final contractual maturities. Include 

both fixed rate and floating rate ―Other borrowings‖ that are unsecured. In general, ―Other 

borrowings‖ are unsecured if the institution (or a consolidated subsidiary) has not pledged 

securities, loans, or other assets as collateral for the borrowing. Exclude ―Other borrowings‖ that 

are guaranteed by the FDIC under the Debt Guarantee Program component of the FDIC’s 

Temporary Liquidity Guarantee Program. 

SUBORDINATED DEBENTURES-WITH A REMAINING MATURITY OF: 

DI655 ONE YEAR OR LESS

DI660 OVER ONE YEAR 

Report the amount of the institution’s subordinated debentures in the appropriate lines according 

to the time remaining until their final contractual maturities. Include both fixed rate and floating 

rate subordinated debentures. 
DECEMBER 2010 THRIFT FINANCIAL REPORT INSTRUCTION MANUAL

912 SCHEDULE DI

DI540: TOTAL DAILY AVERAGE OF DEPOSIT LIABILITIES BEFORE 

EXCLUSIONS (GROSS) AS DEFINED IN SECTION 3(L) OF THE 

FEDERAL DEPOSIT INSURANCE ACT AND FDIC 

REGULATIONS

Report on an unconsolidated single FDIC certificate number basis the total daily average for the quarter 

of gross total deposit liabilities that meet the statutory definition of deposits in Section 3(l) of the Federal 

Deposit Insurance Act before deducting exclusions from total deposits that are allowed in the 

determination of the assessment base upon which deposit insurance assessments (and FICO premiums) 

are calculated. For further information on deposit amounts to be calculated, see the instructions for line 

DI510. For information on calculating the total daily average for the quarter, see the General Instructions 

for reporting Deposit Data for Deposit Insurance Assessment Purposes above. 

DI550: TOTAL DAILY AVERAGE OF ALLOWABLE EXCLUSIONS 

(INCLUDING FOREIGN DEPOSITS)

Report on an unconsolidated single FDIC certificate number basis the total daily average for the quarter 

of the total amount of allowable exclusions from deposits (as defined in line DI520) if the institution 

maintains such records as will readily permit verification of the correctness of its reporting of exclusions.

DI560: TOTAL DAILY AVERAGE OF FOREIGN DEPOSITS

Report on an unconsolidated single FDIC certificate number basis the total daily average for the quarter 

of the total amount of foreign deposits (including International Banking Facility deposits) included in line 

DI550.

DEPOSIT DATA FOR THRIFTS PARTICIPATING IN THE 

TRANSACTION ACCOUNT GUARANTEE PROGRAM COMPONENT OF 

THE FDIC'S TEMPORARY LIQUIDITY GUARANTEE PROGRAM

NOTE: Thrifts will stop reporting data in Schedule DI, Items DI570 and 

DI575, below, for the Transaction Account Guarantee (TAG) program 

after the December 31, 2010 TFR Report.

The following items are to be reported by insured institutions that are participating in (i.e., have not opted 

out of) the Transaction Account Guarantee Program component of the FDIC's Temporary Liquidity 

Guarantee Program (TLGP). Thrifts would report noninterest-bearing transaction accounts (as defined in 

the FDIC’s Temporary Liquidity Guarantee Program regulations) of more than $250,000. (Do not include 

custodial or escrow accounts on which "pass-through" coverage applies).
THRIFT FINANCIAL REPORT INSTRUCTION MANUAL DECEMBER 2010

SCHEDULE DI 913

DI570: AVERAGE DAILY AMOUNT OF NONINTEREST-BEARING 

TRANSACTION ACCOUNTS OF MORE THAN $250,000 

(INCLUDING BALANCES SWEPT FROM NONINTERESTBEARING TRANSACTION ACCOUNTS TO NONINTERESTBEARING SAVINGS ACCOUNTS

DI575: AVERAGE DAILY NUMBER OF NONINTEREST-BEARING 

TRANSACTION ACCOUNTS OF MORE THAN $250,000

Background

On June 22, 2010, the FDIC adopted a final rule extending the Transaction Account Guarantee (TAG) 

component of the Temporary Liquidity Guarantee Program for six months, through December 31, 2010, 

with the possibility of extending the program for up to an additional 12 months without further rulemaking. 

For institutions choosing to remain in the TAG Program, the final rule modified the basis for calculating 

assessments to one that uses average daily balances in TAG-eligible accounts beginning in the third 

quarter of 2010.

Reporting Requirements

At present, institutions participating in the TAG Program report the amount and number of qualifying 

noninterest-bearing transaction accounts of more than $250,000 as of the quarter-end report date in Thrift 

Financial Report (TFR) Schedule DI, items DI570 and DI575. Beginning with the September 30, 2010, 

TFR the total dollar amount of TAG-eligible accounts and the total number of accounts must be reported 

as average daily balances.

The amounts to be reported as daily averages are the total dollar amount of the noninterest-bearing 

transaction accounts, as defined in 12 C.F.R. 370.2(h), of more than $250,000 for each calendar day 

during the quarter divided by the number of calendar days in the quarter. For days that an office of the 

reporting institution is closed (e.g., Saturdays, Sundays, or holidays), the amounts outstanding from the 

previous business day would be used. The total number of accounts to be reported should be calculated 

on the same basis.

Documentation supporting the amounts used in the calculation of the average daily balance amounts 

must be retained and be readily available upon request by the FDIC or the Office of Thrift Supervision. In 

addition, all insured depository institutions that do not opt out of the TAG Program must establish 

procedures to gather the necessary daily data beginning July 1, 2010.

Rounding

The Average Daily Number of Accounts must be reported to two decimal places.

Example 1 - What accounts do I include?

In this example, an institution has only 10 accounts that are potentially TAG-eligible [as defined in 12 

C.F.R. 370.2(h)] on any day during the quarter. Due to fluctuating balances, accounts are above and 

below the $250,000 threshold throughout the quarter. The institution will determine for each day during 

the quarter the balances and number of accounts that are TAG-eligible (that is, over $250,000) and 

include only those accounts in their calculations:
SEPTEMBER 2010 THRIFT FINANCIAL REPORT INSTRUCTION MANUAL

914 SCHEDULE DI

Qualifying 

Noninterest-Bearing 

Transaction 

Accounts

July 1 July 2 July 3

(Saturday)

July 4

(Sunday)

July 5

(Holiday)

July 6 92 Day 

Totals

Account A 275,000 75,000 75,000 75,000 75,000 25,000

Account B 50,000 450,000 450,000 450,000 450,000 200,000

Account C 275,000 225,000 225,000 225,000 225,000 1,000,000

Account D 750,000 1,500,000 1,500,000 1,500,000 1,500,000 2,000,000

Account E 3,000,000 3,250,000 3,250,000 3,250,000 3,250,000 50,000

Account F 450,000 35,000 35,000 35,000 35,000 3,000,000

Account G 600,000 75,000 75,000 75,000 75,000 500,000

Account H 25,000 425,000 425,000 425,000 425,000 255,000

Account I 450,000 30,000 30,000 30,000 30,000 375,000

Account J 600,000 600,000 600,000 600,000 600,000 2,500,000

Total Amount of

TAG-Eligible 

Accounts (i.e., 

accounts with 

balances over 

$250,000)

6,400,000 6,225,000 6,225,000 6,225,000 6,225,000 9,630,000 644,000,000

Total Number of

TAG-Eligible 

Accounts (i.e., 

number of accounts 

with balances over 

$250,000)

8 5 5 5 5 7 554

Highlighted accounts are TAG-eligible (over $250,000) on that day.

Using the information in the table above, the average daily amount would be calculated as follows:

The sum of ―Total Amount of TAG-Eligible Accounts‖

for each day in the quarter ($644,000,000)

=

Average Daily Amount of TAG-Eligible

Accounts to be Reported in the TFR

Number of days in the quarter (92) (7,000,000)
THRIFT FINANCIAL REPORT INSTRUCTION MANUAL SEPTEMBER 2010

SCHEDULE DI 915

The average daily number of accounts would be calculated as follows:

The sum of ―Total Amount of TAG-Eligible Accounts‖

for each day in the quarter (554)

=

Average Daily Amount of TAG-Eligible

Accounts to be Reported in the TFR

Number of days in the quarter (92) (6.02)

The institution’s resulting TAG assessment base would equal $5,495,000 (this amount is calculated by 

the FDIC and would not be reported in the TFR):

$7,000,000 – ($250,000 x 6.02) = $5,495,000 

Example 2 – If I have accounts that are not open or TAG-eligible for the entire quarter, how do I 

report?

For this example, assume that the institution has only a single qualifying account and that this is a 90 day 

quarter.

If the qualifying account had a balance of zero for 60 days and a balance of $1,200,000 for 30 days, the 

average daily amount to be reported in the TFR would be $400,000:

($0 x 60 days) + ($1,200,000 x 30 days) 

= $400,000

90 days

The average daily number of accounts to be reported in the TFR would be 0.33:

(0 accounts x 60 days) + (1 account x 30 days) 

= 0.33 accounts

90 days

The institution’s resulting TAG assessment base would equal $317,500 (this amount is calculated by the 

FDIC and would not be reported in the TFR):

$400,000 – ($250,000 x 0.33) = $317,500 
SEPTEMBER 2010 THRIFT FINANCIAL REPORT INSTRUCTION MANUAL

916 SCHEDULE DI

Example 3 – If I have TAG-eligible accounts during the quarter, but the average daily amount is 

less than $250,000, how do I report?

If the average daily amount is less than $250,000, the amount should still be reported in the TFR and an 

assessment will apply based on the fact that TAG-eligible accounts were present during the quarter.

For this example, assume that the institution has only a single qualifying account and that this is a 90 day 

quarter.

If the qualifying account had a balance of $100,000 for 45 days and a balance of $400,000 for 45 days, 

the account would only be included in the calculations for those 45 days on which the balance was over 

$250,000. The account would not be included in the calculations when the balance was $250,000 or 

less. The average daily amount to be reported in this example would be $200,000:

($0 x 45 days) + ($400,000 x 45 days) 

= $200,000

90 days

The average daily number of accounts to be reported would be 0.50:

(0 accounts x 45 days) + (1 account x 45 days) 

= 0.50 accounts

90 days

The institution’s resulting TAG assessment base would equal $75,000 (this amount is calculated by the 

FDIC and would not be reported in the TFR):

$200,000 – ($250,000 x 0.50) = $75,000 

Example 4 - How do I handle joint accounts or other accounts which have more than $250,000 of 

basic FDIC insurance coverage?

An institution may exclude noninterest-bearing transaction accounts with a balance of more than 

$250,000 if the entire balance in the account is fully insured under the FDIC’s deposit insurance rules, 

such as joint account relationship rules or ―pass-through‖ insurance coverage rules. In noninterestbearing transaction accounts with a balance of more than $250,000 where the entire balance is not fully 

insured, an institution may exclude any amounts over $250,000 that are otherwise insured under the 

FDIC’s deposit insurance rules. These amounts may be excluded to the extent that they can be 

determined by the institution and fully supported in the institution’s work papers for this report.
THRIFT FINANCIAL REPORT INSTRUCTION MANUAL SEPTEMBER 2010

SCHEDULE DI 917

Qualifying Noninterest-Bearing

Transaction Accounts

Account

Balance

FDIC Insurance

Limit TAG Program Reporting

Mr. John Smith 300,000 250,000 The entire account balance is included in TAG 

Program reporting calculations.

Mr. and Mrs. John Smith 300,000 500,000

Because the account balance would be fully 

insured under deposit insurance rules, 

coverage under the TAG Program is not 

needed. The account and the entire account 

balance may be excluded from TAG Program 

reporting calculations. Otherwise, the entire 

account balance is included in the TAG 

Program reporting calculations.

Mr. and Mrs. James Jones 1,000,000 500,000

The additional coverage afforded by the joint 

accountholder may be excluded from TAG 

Program reporting calculations. The 

institution may report $750,000 for this 

account. Otherwise, the entire account 

balance is included in the TAG Program 

reporting calculations.
DECEMBER 2010 THRIFT FINANCIAL REPORT INSTRUCTION MANUAL

Deposit Data for Noninterest Bearing Transaction Accounts as 

defined in Section 343 of the ―Dodd-Frank Wall Street Reform and 

Consumer Protection Act of 2010‖

NOTE: Schedule DI, Items DI580 and DI585, below, for the amount of 

noninterest-bearing transactions accounts of more than $250,000 are 

to be completed – beginning in the reports for December 31, 2010 – by 

all FDIC-insured depository institution, whether or not they had 

previously opted to participate in the FDIC’s Transaction Account 

Guarantee Program. Line items DI580 and DI585 are to be reported as 

of the quarter-end report date, not as daily averages for the quarter.

Section 343 of the Dodd-Frank Wall Street Reform and Consumer Protection Act amended the 

Federal Deposit Insurance Act with respect to the insurance coverage of noninterest-bearing 

transaction accounts. These amendments take effect December 31, 2010, and require the FDIC to 

―fully insure the net amount that any depositor at an insured depository institution maintains in a 

noninterest-bearing transaction account.‖ This unlimited insurance coverage will be in effect only 

through December 31, 2012. 

As defined in Section 343 of the Dodd-Frank Act, a ―noninterest-bearing transaction account‖ is 

an account (in a domestic office of an insured branch in Puerto Rico or a U.S. territory or 

possession) ―(I) with respect to which interest is neither accrued nor paid; (II) on which the 

depositor or account holder is permitted to make withdrawals by negotiable or transferable 

instrument, payment orders of withdrawal, telephone or other electronic medias transfers, or 

other similar items for the purpose of making payments or transfers to third parties or others; and 

(III) on which the insured depository institution does not reserve the right to require advance 

notice of an intended withdrawal.‖

Thus the term ―noninterest-bearing transaction account‖ includes all demand deposits, including 

certified checks and official checks (such as cashiers’ checks and money orders) drawn on the 

reporting institution. However, pursuant to Section 627 of the Dodd-Frank Act as of July 21, 2011, 

institutions will no longer be restricted from paying interest on demand deposit accounts. At that 

time, if an institution modifies the terms of its demand deposit agreement so that the account may 

earn interest, the account will no longer satisfy the definition of a noninterest-bearing transaction 

account, will no longer be eligible for full deposit insurance coverage, and should no longer be 

reported in Line Items DI580 and DI585. 

Even if checks may be drawn on the account, a ―noninterest-bearing transaction account‖ does 

not include, for example, any transaction account that may earn interest, such as a negotiable 

order of withdrawal (NOW) account; a money market deposit account (MMDA) as defined in 

Federal Reserve Regulation D; or an interest on Lawyers 

Account features such as the waiver of fees or the provision of free-reducing credits do not 

prevent an account from qualifying as a noninterest-bearing transaction account as long as the 

account otherwise satisfies the definition of a noninterest-bearing transaction account.

In determining whether funds are in noninterest-bearing transaction account for purposes of 

reporting in Line Items DI580 and DI585, the FDIC will apply its normal rules and procedures under 

Section 360.8 of the FDSIDC’s regulations for determining account balances at a failed insured 

depository institution. Under these procedures, funds may be swept or transferred from a 

noninterest-bearing transaction account to another type of deposit account or product that is not 

a noninterest-bearing transaction account. Except as described in the following sentence, unless 

the funds are in a noninterest-bearing transaction account after the completion of the sweep 

under Section 360.8, the funds in the resulting account or product will not be eligible for full 

deposit insurance coverage and they should not be reported in Line Items DI580 and DI585. 
THRIFT FINANCIAL REPORT INSTRUCTION MANUAL DECEMBER 2010

SCHEDULE DI 919

However, in the case of funds swept from a noninterest-bearing transaction account to a 

noninterest-bearings savings account as defined in Federal Reserve Regulation D, the FDIC will 

treat the swept funds as being in a noninterest-bearing savings account plus any amount 

remaining in the related noninterest-bearing savings account plus and amount remaining in the 

related noninterest-bearing transaction account is more than $250,000, this sum should be 

reported in Line Items DI580 and the swept funds and the related noninterest-bearing transaction 

account should be reported as one account in Line Item DI585. 

Include public funds held in ―noninterest-bearing transactions accounts‖ of more than $250,000 

whether or not they are collateralized with pledges securities or other pledged assets. 

Report in the appropriate sub item the amount outstanding and the number of noninterest-bearing 

transaction accounts (as defined above and in any FDIC regulations implementing Section 343) 

with a balance on the report date of more than $250,000. An institution may exclude noninterestbearing transaction accounts with a balance of more than $250,000 where the entire balance is not 

fully insured under the FDIC’s regular deposit insurance rules. These amounts may be excluded 

to the extent that they can be determined by the institution and fully supported in the institution’s 

user notes that are electronically transmitted using the Electronic Filing System software. An 

institution is not required to make a determination of amounts otherwise insured but may do so at 

its option.
DECEMBER 2010 THRIFT FINANCIAL REPORT INSTRUCTION MANUAL

THIS PAGE INTENTIONALLY LEFT BLANK
THRIFT FINANCIAL REPORT INSTRUCTION MANUAL DECEMBER 2010

SCHEDULE RM 1801

SCHEDULE RM – ANNUAL SUPPLEMENTAL 

CONSOLIDATED DATA ON REVERSE 

MORTGAGES 

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.

Starting as of December 31, 2010 complete this schedule annually.

RM010: DO YOU HAVE ANY REVERSE MORTGAGE LOAN 

ACTIVITY FOR THE CALENDAR YEAR TO REPORT

IN THIS SCHEDULE?

Please read the entire set of instructions and Thrift Financial Report line items before responding to the 

initial inquiry RM010. 

Respond No if you have no loans or referrals meeting the definitions of reverse mortgage loans as 

defined in this schedule. If you respond No, you should not complete any other lines in this schedule. 

Respond Yes, if you have loans or referrals to report in Schedule RM. Please note that you report certain 

line items for the entire calendar year and certain line items as of the end of the year.

Reverse mortgages are used by homeowners age 62 or older to convert a portion of the equity in their 

homes into a source of income. The borrower receives the cash flow in monthly payments or a line of 

credit. A reverse mortgage is a non-recourse loan, which means if the balance of the loan exceeds the 

value of the property; the lender may not seek recourse for the excess amount owed. Furthermore, 

homeowners do not have to repay the reverse mortgage until they are no longer occupying the home as a 

primary residence. On August 16, 2010, OTS in conjunction with the federal banking agencies and 

Federal Financial Institutions Examination Council (FFIEC) issued New Directions 10-20: Reverse 

Mortgage Products: Guidance for Managing Compliance and Reputation Risks.

The U.S. Department of Housing and Urban Development (―HUD‖) created one of the first reverse 

mortgage programs administrated through the Federal Housing Administration (―FHA‖). The FHA 

underwrites and insures the largest volume of reverse mortgages through its ―Home Equity Conversion 

Mortgage‖ (―HECM‖) product. On November 25, 2009, HUD announced that the national FHA loan limit 
DECEMBER 2010 THRIFT FINANCIAL REPORT INSTRUCTION MANUAL

1802 SCHEDULE RM

for the HECM in 2010 remains at $650,000.1 Report HECM loans on lines RM110, RM310, RM330, 

RM420, RM510, RM610, RM620, and RM630. 

Report all other (Non-HECMs) reverse mortgage programs as ―Proprietary‖ on lines RM112, 

RM312, RM332, RM422, RM512, RM612, RM622, and RM632. This includes reverse mortgage loan 

products developed by private companies and Fannie Mae’s former reverse mortgage product known as 

―The Home Keeper Mortgage.‖ On September 3, 2008, FNMA announced to its reverse mortgage 

lenders that they planned to terminate ―The Home Keeper Mortgage‖ product, effective December 31, 

2008.2In addition, include any state or local government products. 

Complete Schedule RM on a consolidated basis from the savings association downward to any 

consolidated service corporation involved in reverse mortgage activities. Do not consolidate your holding 

company in this schedule. You should apply generally accepted accounting principles (GAAP) unless we 

specifically state otherwise in these instructions. 

RM010: Do you have any reverse mortgage loan activity for the 

calendar year to report in this Schedule?

AMOUNT OF MORTGAGE LOANS OUTSTANDING:

RM110: Amount of Home Equity Conversion Mortgage Loans 

Report the amount of outstanding HECMs as of December 31. 

RM112: Amount of Proprietary (Non-HECM) Reverse Mortgage Loans

Report the amount of outstanding Proprietary (Non-HECM) mortgage loans as of December 31.

ANNUAL INTEREST INCOME FROM:

RM310: Home Equity Conversion Mortgage Loans

Report the annual interest income related to HECMs for the calendar year-to-date.

RM312: Proprietary (Non-HECM) Reverse Mortgage Loans

Report the annual interest income related to Proprietary (Non-HECM) reverse mortgages for the calendar 

year-to-date.

 

1 Reference HUDs MORTGAGEE LETTER 2009-50, dated November 25, 2009 at www.hud.gov for details. 

2 Fannie Mae’s Reverse Lender Letter 2008-3: Announcement to Terminate Purchase of Home Keeper Reverse Mortgages. 
THRIFT FINANCIAL REPORT INSTRUCTION MANUAL DECEMBER 2010

SCHEDULE RM 1803

NUMBER OF REFERRALS OVER THE CALENDAR YEAR TO 

ANOTHER LENDER FROM WHOM YOU RECEIVED COMPENSATION 

FOR SERVICES PERFORMED FOR THE LENDER IN CONNECTION 

WITH THE LENDER’S ORIGINATION OF THE REVERSE MORTGAGE:

RM330: Home Equity Conversion Mortgage Loans

Report the number of referrals to another lender over the calendar year from whom you received 

compensation for services performed for the lender in connection with the lender’s origination of the 

reverse mortgage. 

RM332: Proprietary (Non-HECM) Reverse Mortgage Loans

Report the number of referrals to other lenders during the calendar year from whom you received 

compensation for services performed for the other lender in connection with the other lender originating 

the reverse mortgage. 

ANNUAL ORIGINATION FEE INCOME FROM:

RM420: Home Equity Conversion Mortgage Loans

Report the annual origination fee income related to HECMs for the calendar year-to-date.

RM422: Proprietary (Non-HECM) Reverse Mortgage Loans

Report the annual origination fee income related to Proprietary (Non-HECM) mortgage loans for the 

calendar year-to-date.

COMMITMENTS OUTSTANDING TO ORIGINATE 

MORTGAGES SECURED BY: 

RM510: Home Equity Conversion Mortgage Loans

Report the amount of commitments outstanding to originate HECMs as of December 31. 

RM512: Proprietary (Non-HECM) Reverse Mortgage Loans

Report the amount of commitments outstanding to originate Proprietary (Non-HECM) mortgage loans as 

of December 31.

ANNUAL MORTGAGE LOANS DISBURSED FOR 

PERMANENT LOANS ON: 

RM610: Home Equity Conversion Mortgage Loans

Report the total originations of Home Equity Conversion Mortgage Loans for the calendar year. 

RM612: Proprietary (Non-HECM) Reverse Mortgage Loans

Report the total originations of proprietary loans for the calendar year.
DECEMBER 2010 THRIFT FINANCIAL REPORT INSTRUCTION MANUAL

1804 SCHEDULE RM

ANNUAL LOANS AND PARTICIPATIONS PURCHASED 

SECURED BY:

RM620: Home Equity Conversion Mortgage Loans

Report the annual loans and participations purchased secured by HECMs for the calendar year to date. 

RM622: Proprietary (Non-HECM) Reverse Mortgage Loans

Report the annual loans and participations purchased secured by proprietary loans for the calendar year 

to date. 

ANNUAL LOANS AND PARTICIPATIONS SOLD SECURED 

BY:

RM630: Home Equity Conversion Mortgage Loans

Report the annual loans and participations sold secured by HECMs for the calendar year to date. 

RM632: Proprietary (Non-HECM) Reverse Mortgage Loans

Report the annual loans and participations sold secured by proprietary loans for the calendar year to 

date.