Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Board of Governors of the Federal Reserve System
June 28, 2005
CHIEF EXECUTIVE OFFICER
Reports of Condition and Income (Call Report) for Second Quarter 2005
The enclosed materials pertain to the Reports of Condition and Income (Call Report) for the June 30, 2005, report date. Please complete your second quarter Call Report, review it for accuracy, and submit the report electronically as soon as possible. Except for certain banks with foreign offices, your completed report must be received by July 30, 2005, in accordance with the filing requirements discussed below. No extensions of time for submitting reports are granted.
If you complete the preparation, editing, and review of your Call Report before the submission deadline, please file the report immediately rather than waiting. Early submission aids the banking agencies in their editing, review, and analysis of the reports. If you later find that certain information needs to be revised, please make the appropriate changes to your Call Report and promptly submit the revised data.
In response to requests from a number of institutions, the agencies have expanded the USA PATRIOT Act Section 314(a) Anti-Money Laundering contact information this quarter to give banks the option to report information for a third and fourth point-of-contact. This contact information is not released to the public. Similarly, after learning of reporting difficulties encountered by some banks, the agencies have modified Schedule RC-R – Regulatory Capital to permit banks to report an amount in column B of item 34, "Cash and balances due from depository institutions."
In addition, the agencies have added four new items to the Call Report this quarter. Because of the specialized nature of the new information to be collected, these items will be applicable to only a small percentage of banks. Three of the new items pertain to so-called "purchased impaired loans," which are loans purchased by a bank that fall within the scope of, and must be accounted for in accordance with, AICPA Statement of Position 03-3. These three items are Schedule RC-C, part I – Loans and Leases, Memorandum items 7.a and 7.b, and Schedule RI-B, part II – Changes in Allowance for Loan and Lease Losses, Memorandum item 4. The fourth new item is for banks that are servicers of U.S. Government-guaranteed or insured mortgages that back Government National Mortgage Association (GNMA) mortgage-backed securities. Item 10.b has been added to Schedule RC-N – Past Due and Nonaccrual Loans, Leases, and Other Assets for separately reporting certain delinquent GNMA mortgages. Banks should refer to the enclosed update to the Call Report instruction book for further information related to these reporting changes.
Please note that approval for these changes is pending from the U.S. Office of Management and Budget (OMB). Banks should complete these new items as part of their second quarter Call Report. For the
June 30, 2005, report date only, banks may report a reasonable estimate for any of the new items for which the requested information is not readily available. Should OMB not approve some or all of these changes, the agencies will notify banks accordingly.
In the Call Report for this quarter, banks are required to report the number and amount currently outstanding of loans to small businesses and small farms (Schedule RC-C, part II) and the number of deposit accounts of $100,000 or less (Schedule RC-O, Memorandum item 1.a.(2)). This information is collected only as of the June 30 report date each year.
Each bank must file its June 30, 2005, Call Report in one of the following two ways:
A bank may use computer software to prepare and edit its report and then file the report directly with the banking agencies' electronic collection agent, Electronic Data Systems Corporation (EDS). The Call Report data file can be sent to EDS electronically by modem or on a computer diskette.
A bank may complete its report in paper form and arrange with a Call Report software vendor or another party to convert its paper report to electronic form. That party must electronically transmit the bank's Call Report data file to EDS.
The filing of a Call Report that is submitted electronically to EDS by modem will be considered timely if it is transmitted to EDS no later than July 30, 2005. A bank that submits its Call Report to EDS on a computer diskette must make sure that the diskette is properly addressed, mailed first class, and postmarked on or before July 27, 2005, to be considered filed on time. Alternatively, a bank may send the diskette to EDS using an overnight delivery system no later than July 29, 2005. However, a computer diskette that EDS cannot read will not be accepted, and the bank must resubmit its report in readable form. This may result in EDS receiving the bank's Call Report data file after the submission deadline.
A bank that has more than one foreign office, other than a "shell" branch or an International Banking Facility, is permitted an additional 10 calendar days to complete its Call Report. Such a bank must electronically transmit its report to EDS no later than August 9, 2005. Please note that the agencies have postponed for one year the reduction in the filing period for banks with more than one foreign office that had been scheduled to take effect June 30, 2005. The reduction in the filing period from 40 to 35 calendar days will now become effective June 30, 2006.
For further information or assistance concerning the Call Report, state member banks should contact their Federal Reserve District Bank. National and FDIC-supervised banks should contact the FDIC's Data Collection and Analysis Section in Washington, D.C., by telephone at (800) 688 FDIC (3342), Monday through Friday between 8:00 a.m. and 5:00 p.m., Eastern Time, or by e-mail at insurance firstname.lastname@example.org. Thank you for your cooperation.
Emory W. Rushton
Senior Deputy Comptroller and
Chief National Bank Examiner
Office of the
Comptroller of the Currency
Division of Banking
Supervision and Regulation
Board of Governors of the
Federal Reserve System
Michael J. Zamorski
Division of Supervision and