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| TO: |
CHIEF EXECUTIVE OFFICER |
| SUBJECT: |
Instructions for Preparation of Reports of Condition and Income
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PLEASE FORWARD THIS LETTER AND THE INSTRUCTION BOOK TO THE PERSON
RESPONSIBLE FOR PREPARING CALL REPORTS AT YOUR BANK.
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Enclosed is a revised instruction book for the Consolidated Reports of
Condition and Income (Call Reports) for your use beginning with the
reports for September 30, 1997. This book contains the instructions
for all four versions of the Call Report forms (FFIEC 031, 032, 033,
and 034) in a single volume. It incorporates all instructional updates
issued through June 1997 and conforms certain other instructions with
generally accepted accounting principles (GAAP) and the other reporting
changes implemented in March 1997. The revised instructions also
correct cross-references to specific items on the Call Report forms and
clarify several instructions.
The revised Call Report instruction book will be available on the
Examination Council's Web site (http://www.ffiec.gov) no later than
September 30, 1997. The Federal Deposit Insurance Corporation's web
site () also will contain the instruction book by
that date.
The Examination Council's Task Force on Reports invites comment on the
accuracy, adequacy, and clarity of the revised instructions. With the
adoption of GAAP as the reporting basis for the balance sheet, income
statement, and related Call Report schedules, the instructions have
been revised to comport with GAAP. Therefore, the Task Force
specifically requests comment on whether any instructions appear
inconsistent with GAAP. Please submit your comments on the Call Report
instructions to the Task Force on Reports at the following address on
or before November 10, 1997,
Task Force on Reports
Federal Financial Institutions Examination Council
2100 Pennsylvania Avenue, N.W., Suite 200
Washington, D.C. 20037
For further information or assistance concerning the Call Reports and
these instructions, state member banks should contact their Federal
Reserve District Bank. National and FDIC-supervised banks should
telephone the FDIC's Call Reports Analysis Section in Washington, D.C.,
toll free on (800) 688-FDIC or on (202) 898-6607, Monday through Friday
between 8:00 a.m. and 5:00 p.m., Eastern Time.
|
Joe M. Cleaver |
|
Executive Secretary |
Enclosure (will be posted to FDIC web site at by 30 September 1997)
Distribution: Insured Commercial Banks and FDIC-Supervised Savings Banks
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