frsbog_mim_v49_0388.pdf

7/17/2019 frsbog_mim_v49_0388.pdf

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.BOARD OF'.GDVERNDRS

C IP

THE·

F EDERAL

RESERVE SYSTEM

WASHINGTON

S-lS

388

ADDRK Qf'f ' ICIAI-

l i iDRRK.I DNOKNDK

TO

THC

QAi tP

Dear Sir:

. There have

been t ~ to

you t oQay under eepaftlte cover

~ ·

ladicated :nUIIlber t copies of the. aeYen. ·tol'tlt

att.cbed

bereto,.

tor

the

uae

of

State

'b8.llk

members

and

their

at t i l iatee

alDiitting

reporta as of the next call

date:

~

Form FR

105, Report ot condition or

State bank

1181Dber.

Form

FilOSa, Instructions

t r preparation ot reports

t

conti tion by ·State lank members.

Form FR

l05b (Schedule

0 ), Loana

and adva t1ces to

affiliates

and

investments

in

and

loana

aecured

b7

obligation.& or affil iates.

I

Form FR lOSe, Publisher's

cow

or report or condition

t State bank

member.

Form

FR

220, Report or affil iate

or

boldine

compall1'

affUiate.

Form FR 220a,

Publlsber

1

s copy

of

report

of

affil iate

or

holding

COilparq'

affiliate.

Form FR .220b, I n s t r u c ~ f ons for

prepare..·.tion

t reports

or

af.tiliatea

and o l ~ n g co..,_..· atfUiatea.

Fo:nn FR 105 has beea complptel.y revised. Siltilar tol 'lS bave

been adopted by the Comptrplier

of

the Currency and

the

Federal Deposit

Insw:-ance Corporation, ancl the Executive

Committ«te

of the Association

t State Bank

Supervisors

bas reco•ended •to State baDting departaents

that, in so t r aa practicable, they uae the

s •

t ru as adopted by

the three Federal bank superviSOJY

agencies.

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S-136

-2-

The face side of Form FR l05e has.been reYised to correspond

with

page 1

of

revised

Form FR

105. In

addition,

a

certificate of

publication to be signed

b y

an officer

of the

member b nk bas been

provided

on

the

reverse side of

the

revised

form,

in

lieu

of

the

publisher s

certificate required

heretofore.

Detailed

instructions

Form FR

l05a)

have been provided

for

the preparation of condition

reports

by State bank members. Similar

instructions are

b ~ i n g

issued

by

the Comptroller of the Currenc.y and

the Federal Deposit Insurance Corporation. t is s u g g ~ s t e d that

State bank members' attention be called p r t i c u l r ~ to the instruc

tions

governing publication, which are

intended to facilitate the

joint

publication

of reports

t

condition rendered to the

State

bank

ing

departments and

the

Federal Reserve banks,

respectively; to

the

provision

that

al l

valuation

allowances and

resefves

for

bond premi

ums be deducted from the appropriate asset and schedule items; nnd to

the

omission

of the affidavit heretofore required.

In

Form FR 105b (Schedule 0 ) the

instructions

following

the

form number have been changed

to

provide that Schedule 0 need

not be submitted

i f

no affi l iates are reported in Schedule FF o the

condition report. Form

FR 220a

has

been

revised

b y

providing

a

cer

tificate of publication

to be

signed b y an officer of the affil iated

State

b nk

member, in l ieu of the

publisher s

certificate

required

heretofore. No change has been

made in

Forms FR 220 and 220b.

There

is

inclosed

a

memorandum

of

suggestions

in

connection

with the handling and examination

y

Federal Reserve banks

of condi

tion

reports rendered hereafter

by

State

bank members.

Inclosures.

Ver1 truly yours,

Chester

Morrill,

Secretary.

TO PRESIDENTS OF

LL FEDERAL

RESERVE B NKS

89

7/17/2019 frsbog_mim_v49_0388.pdf


SUGGESTIONS

IN CONNECTION

WITH H NDLING ND ~ I I N T I O N OF STATE

BANK Mn BER CONDITION

REPOR rS

BY FEDER L RESERVE

B NKS

December

22,

1938.

Unless

otherwise

advised

the

blank

forms

should

be

dis-

tributed

to

the State bank

members

promptly upon receipt thereof

from

the

Board of Governors,

with advice

to the

effect that they

should be held pending

receipt of

a

call for reports thereon.

The following number of copies of the forms

should

be fur-

nished to each State bank member:

Form ] ~

105 - 4 copies

{1 for

use

as

a work

sheet,

2

to

be completed and

returned

to

the Federal

Reserve bank, and 1 to be completed and

retained y the member

bank)

Form

FR 105e - 3 copies 1 for the printer, 1

to

be re..;

turned to

the Federal

Reserve bank

with

certificate

of

publication,

and 1

to

be

retained by the member bank)

Forms FR 105b, 220 and 220a - none

i f

the bank

reported

no affiliates

on

the las t

preceding call

date; otherwise the same number

of

copies

as

on the preceding

call date.

Form FR 220b - none

i f

the

bank

reported

no aff i l ia tes

on

the

las t

preceding

call; otherwise one

copy.

Banks

to

which

no copies of

Forms

R

105b, 220, 220a and

220b

are

supplied

should

be advised

that, i f

one or more

aff i l i -

ates are reported in Schedule FF of the current condition

report

on Form ] ~ 105,

the

Federal Reserve bank should be requested

promptly

for

a

supply of

Forms R 105b, 220, 220a and 220b.

~ e

le t ter

transmitting blank forms

to

State

bank members

should make reference

to

any

important

changes

in

any

of the

forms

since

the

preceding call*.

f

no changes were made a statement

to

that effect should be included

in

the

Federal

Reserve bank s

le t-

ter.

The

le t ter should

also remind the banks to be

guided

by

the

instructions

Form

FR

105a) furnished governing

the preparation of

condition reports

and should

call

attention

to

any changes in such

instructions.

In

the

present

instance

attention

should be

called

to

the

fact

that Form 105

has

been

completely

revised,

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-2-

S-156-a

A copy of

the Federal

Reserve

bank's le t ter

to

State

bank

members transmitting the blank forms should be furnished to

the

Board

of

Governors as soon

as

practicable, and a copy

of the

le t •

ter

and accompanying forms should be

sent to

the

banking

depart

ment

of

each State Which l ies in

the Federal

Reserve district ,

Upon

receipt of notice

from

the

Board

of

Governors

fixing

the call date, the

Federal

Reserve bank should immediately

call

for

the required

reports. A copy

of

the

Federal

Reserve

bank's

call le t ter , together with a

l is t

of

the

banks to which

i t

~ ~

sent, should be forwarded

to the

Board promptly• A copy of

the

letter

should also be

sent to

the banking department of each State

which

l ies

in

the Federal

Reserve

distr ct6 As

soon as

practica

ble after

the

issuance of the call,

the

Board should be informed,

with

respect to

each State whose

capital city l ies

in

the

Federal

Reserve

district ,

whether

or

not

the

State

authorities

issued

a

call

for

condition

reports

as of the same date

and,

i f

not,

the.

date

of the State call nearest thereto.

Upon receipt

at the

Federal

Reserve banks the

condition

reports on Form FR

105 should

be

examined and

any necessary cor

rections obtained,

i f practicable, before

they

are

forwarded to

the

Board

of

Governors.

Corrections

should

be

clearly.shovm on

the copies of

reports

forwarded to the Board,

with

an indication

of the

authority

for the correction, including the init ials

of

the

person at

the

Federal Reserve bank

who

makes them. When

necessary

to

clarity

the

corrections,

a copy

of

the

pertinent

correspondence

should

be furnished the

Board.

f

the

obtaining

of

corrections

is

likely to

delay the

transmittal of any reports to

the

Board beyond

three

weeks from

the date

on which the call is announced, such

re

ports, together

with

copies of pertinent correspondence

or

memoranda

of outstanding

correspondence, should

be

forwarded

to

the Board, to

be followed

later

by

appropriate

advice

of

corrections.

39

In examining the reports the following points

among

others

should

be

observed: That

the

heading of

the

report and

required sig

natures and attestation are complete;

that

al l totals and subtotals

are correct; that the

amounts

t al l

items in schedules which

are

related to items of assets and l iabil i t ies agree therewith;

that

the

items l isted

in the

sohedulea

of

Other assets", Other

l iabili t ies"

and Contingent l iabili t ies" appear to belong there

rather than

in

one

of the specific

items of assets and

liabilities;

and that

the

amounts

of

the various items in the schedules,· particularly

securities

as

shown

in Schedule

B, do not

appear

to be

obviously inconsistent

with

the amounts of the corresponding items

in

the

inunediately preceding

report,

-

The

published statement Form FR 105e) should

be

checked,

before being transmitted

to

the Board of Governors,

to

see

that i t

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-3-

S-156-a

agrees

with

the official report

on Form FR 105, and

that

the mem-

ber bank s certificate of

publication

on the reverse side

has

been

completed. f any differences are noted, other

than of

a minor

character,

they

should be called to the

attention

of the

member

bank

for

i t s

guidance

in

publishing

fUture

statements.

Unless

otherwise advised

by the Board of Governors however

republica

tion

should

not

be required. A copy of

the

le t ter to the

member

bank should accompany

the

published

statement

sent to

the

Board

of

Governors to

assist in determining the nature

of the

differ

ences and whether

or not they

are of

sufficient

importance

to

warrant

republication

of the statement.

The

original copies

of

the

reports on Forms FR 105 105b

and 22 should be

retained

in

the fi les of the Federal

Reserve

bank and the duplicate

copies

should be forwarded

to the

Board

of

Governors. The

copies

of

the

published

statements

of State

bank

members

and their affi l iates,

attached

to Form FR 105e and

220a should be sent to the Board of Governors.

39

Documents

frsbog_mim_v49_0388.pdf