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Financial Institution Letters
Inactive Financial Institution Letters
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Board of Governors of the Federal Reserve System
TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Reports of Condition and Income for Second Quarter 2007
The attached materials pertain to the Consolidated Reports of Condition and Income (Call Report) for the June 30, 2007, report date. Please plan to complete the preparation, editing, and review of your bankís Call Report data and the submission of these data to the agenciesí Central Data Repository (CDR) as early as possible. Starting your preparation early will aid you in identifying and resolving any edit exceptions prior to the submission deadline. If you later find that certain information needs to be revised, please make the appropriate changes to your Call Report data and promptly submit the revised data file to the CDR.
Except for certain banks with foreign offices, your completed Call Report must be received by July 30, 2007, in accordance with the filing requirements discussed below. No extensions of time for submitting Call Report data are granted.
The agencies are not sending a sample set of the Call Report forms to banks this quarter. Sample Call Report forms for June 30, 2007, are available on both the Federal Financial Institutions Examination Councilís (FFIEC) Web site (http://www.ffiec.gov/ffiec_report_forms.htm) and the Federal Deposit Insurance Corporationís (FDIC) Web site (http://www.fdic.gov/regulations/resources/call/index.html). An update to your Call Report instruction book is attached.
In the Call Report for this quarter, banks are reminded to report the number and amount currently outstanding of loans to small businesses and small farms (Schedule RC-C, part II), the number of deposit accounts (other than retirement accounts) of $100,000 or less (Schedule RC-O, Memorandum item 1.a.(2)), and the number of retirement deposit accounts of $250,000 or less (Schedule RC-O, Memorandum item 1.c.(2)). This information is collected only as of the June 30 report date each year.
Each bank must file its June 30, 2007, Call Report data in one of the following two ways:
Electronic submission of Call Report data will be considered timely if the data are received by the CDR no later than Monday, July 30, 2007, and pass FFIEC-published validation criteria (validity edits and quality edits) or, where necessary, contain explanations for any quality edits that are not passed. Explanatory comments should be prepared consistent with the "Guidelines for Resolving Edits" that are published on the FFIECís Web site at http://www.ffiec.gov/find/documents/resolvingedits.pdf. - PDF (Help PDF)
A bank that has more than one foreign office, other than a "shell" branch or an International Banking Facility, is permitted an additional five calendar days to submit its Call Report data. Such a bank must electronically transmit its data to the CDR no later than Saturday, August 4, 2007.
For technical assistance with the CDR, banks should contact the CDR Help Desk by telephone at (888) CDR 3111, by fax at (301) 495-7864, or by e-mail at CDR.Help@ffiec.gov. For further information concerning the Call Report itself, state member banks should contact their Federal Reserve District Bank. National and FDIC-supervised banks should contact the FDICís Data Collection and Analysis Section in Washington, D.C., by telephone at (800) 688 FDIC (3342) or by e-mail at insurance firstname.lastname@example.org.
Distribution: FDIC-Supervised Banks and Savings Institutions, National Institutions, and State Member Institutions
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