The institution should indicate on the statement whether
It has used 1970 or 1980 census tracts. An institution us-
Ing 1970 census tracts for a given SMSA must use them
for the entire calendar year, even if the PHC80-2 maps for
that SMSA become available during the year.)

4. If the property to which the loan relates is located outside
SMSAs in which the reporting institution has a home or
branch office, or outside any SMSA, the loan data should
be listed as an aggregate sum in Section 2 of the form; no
geographic itemization is necessary.

5. Institutions that have a home or branch office in the New
York City/New Jersey SMSA should note that there are
duplicate census tract numbers in New York City. There
may also be duplicate numbers in other SMSAs. When
reporting loan data relating to property in these SMSAS,
the institutions must indicate the county name in addition
to the tract number.

FHA, FmHA, and VA loans on 1-to-4 family dwellings. This category includes loans that are secured by liens (both first and Junior llens) and that are made for the purpose of purchasing residential real property and that have FHA, FmHA, and VA Insurance or guarantee. It includes refinancings (but see Item 2 under DATA TO BE EXCLUDED). It may include, at an institution's option, first lien loans for home improvement purposes if the institution normally classifies first lien loans as purchase loans. It does not Include FHA Title I loans, which are to be entered in column C.

SECTION 1-LOANS ON PROPERTY LOCATED WITHIN THOSE SMSAS IN WHICH INSTITUTION HAS HOME OR BRANCH OFFICES Loans on 1-to-4 family dwellings

PART B-PURCHASES

SECTION 1-DATA FOR PROPERTY LOCATED WITHIN THOSE SMSAS IN WHICH INSTITUTION HAS HOME OR BRANCH OFFICES

SMSA TOTAL

[47 FR 751, Jan. 7, 1982]

SECTION 2-LOANS ON ALL PROPERTY LOCATED ELSEWHERE

PART 204-RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS

Sec.

204.1 Authority, purpose and scope. 204.2 Definitions.

204.3 Computation and maintenance. 204.4 Transitional adjustments. 204.5 Emergency reserve requirement. 204.6 Supplemental reserve requirement. 204.7 Penalties.

204.8 International banking facilities. 204.9 Reserve requirement ratios. 204.121 Bankers' banks.

204.122 Secondary market activities of international banking facilities.

204.123 Sale of Federal funds by investment companies or trusts in which the entire beneficial interest is held exclusively by depository institutions.

AUTHORITY: Secs. 19, 25, 25(a) of the Federal Reserve Act (12 U.S.C 461, 601, 611); and sec. 7 of the International Banking Act of 1978 (12 U.S.C 3105), unless otherwise noted.

§ 204.1 Authority, purpose and scope.

(a) Authority. This part is issued under the authority of section 19 (12 U.S.C. 461 et seq.) and other provisions of the Federal Reserve Act and of section 7 of the International Banking Act of 1978 (12 U.S.C. 3105).

(b) Purpose. This part relates to reserves that depository institutions are required to maintain for the purpose of facilitating the implementation of monetary policy by the Federal Reserve System.

(c) Scope. (1) The following depository institutions are required to maintain reserves in accordance with this part:

(i) Any insured bank as defined in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813(h)) or any bank that is eligible to apply to become an insured bank under section 5 of such Act (12 U.S.C. 1815);

(ii) Any savings bank or mutual savings bank as defined in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813(f), (g));

(iii) Any insured credit union as defined in section 101 of the Federal Credit Union Act (12 U.S.C. 1752(7)) or any credit union that is eligible to apply to become an insured credit union under section 201 of such Act (12 U.S.C. 1781);

(iv) Any member as defined in sec tion 2 of the Federal Home Loan Bank Act (12 U.S.C. 1422(4)); and

(v) Any insured institution as defined in section 401 of the National Housing Act (12 U.S.C. 1724(a)) or any institution which is eligible to apply to become an insured institution under section 403 of such Act (12 U.S.C. 1726).

(2) Except as may be otherwise provided by the Board, a foreign bank's branch or agency located in the United States is required to comply with the provisions of this part in the same manner and to the same extent as if the branch or agency were a member bank, if its parent foreign bank (i) has total worldwide consolidated bank assets in excess of $1 billion; or (ii) is controlled by a foreign company or by a group of foreign companies that own or control foreign banks that in the aggregate have total worldwide consolidated bank assets in excess of $1 billion. In addition, any other foreign bank's branch located in the United States that is eligible to apply to become an insured bank under section 5 of the Federal Deposit Insurance Act (12 U.S.C. 1815) is required to maintain reserves in accordance with this part as a nonmember depository institution.

(3) Except as may be otherwise provided by the Board, an Edge Corporation (12 U.S.C. 611 et seq.) or an Agreement Corporation (12 U.S.C. 601 et seq.) is required to comply with the provisions of this part in the same manner and to the same extent as a member bank.

(4) This part does not apply to any financial institution that (i) is organized solely to do business with other financial institutions; (ii) is owned primarily by the financial institutions with which it does business; and (iii) does not do business with the general public.

(5) The provisions of this part do not apply to any deposit that is payable only at an office located outside the United States.

[45 FR 56018, Aug. 22, 1980]