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Federal Reserve Board of Governors

Reporting forms

FR 2910a

Annual Report of Deposits and Reservable Liabilities

Description: The FR 2910a is an annual report generally filed by depository institutions that are exempt from reserve requirements under the Garn-St Germain Depository Institutions Act of 1982 and whose total deposits, measured from depository institutions' December quarterly condition reports, are greater than the exemption amount but less than the reduced reporting limit. The report contains three data items that are to be submitted for a single day, June 30: (1) total transaction accounts, savings deposits, and small time deposits; (2) reservable liabilities; and (3) net transaction accounts.

OMB: 7100-0175

Purpose: The data collected on this report serves two purposes. First, the data are used to determine which depository institutions will remain exempt from reserve requirements and consequently eligible for reduced reporting for another year. Second, the data are used in the annual indexation of the low reserve tranche, the exemption amount, the nonexempt deposit cutoff, and the reduced reporting limit.

Background: In accordance with the Garn-St Germain Act, the Federal Reserve reduced Regulation D reporting burden for certain institutions. In June 1983, depository institutions that met specified cutoffs were exempted from reserve requirements and became eligible for reporting on the FR 2910a or FR 2910q. In 2000, the FR 2910q was discontinued and the FR 2910a became the sole report used to reduce Regulation D reporting burden.

In conjunction with the discontinuance of M3, in 2006, the Federal Reserve revised the FR 2910a by replacing data item 1, total deposits, with total transaction accounts, savings deposits, and small time deposits. This revision was implemented in June 2007. In 2008, the Federal Reserve proposed amendments to Regulation D, including, but not limited to, allowing member banks to pass through reserve requirements and clarifying the definition of vault cash. The FR 2910a reporting instructions were revised to incorporate these amendments to Regulation D.

Respondent Panel: The panel consists of all depository institutions that do not file the primary report of deposits, the FR 2900, and that have total deposits above the exemption amount. Participation is required.

Frequency: Annually, as of close of business June 30 each year.

Public Release: Micro data from the FR 2910a are considered confidential and are not published.

Last Update: June 4, 2014