of Condition and Income
(Call Reports) for First Quarter 1996
materials pertain to the Reports of Condition and Income (Call Reports)
for March 31, 1996. The first quarter Call Reports should be completed
and submitted as soon as possible. However, completed original reports
must be received by the FDIC (for national and FDIC-supervised
banks), the appropriate Federal Reserve District Bank (for state
member banks), or the banking agencies' electronic collection agent
by April 30, 1996.
of a Call Report will be considered timely, regardless of when it
is received, if it is mailed first class, properly addressed, and
postmarked not later than April 27, 1996, or if it is entered into
an overnight delivery system for the proper destination on or before
April 29, 1996. No extensions of time for submitting reports
are granted. In the absence of a postmark, a bank whose original
Call Report is received late by the FDIC (at its data entry site
in Crofton, Maryland) or the appropriate Federal Reserve District
Bank may be called upon to provide proof of timely mailing. A "Certificate
of Mailing" (U.S. Postal Service Form 3817) may be used as proof.
banks that use Call Report preparation software to complete their
reports are encouraged to submit their Call Reports electronically
to Electronic Data Systems, Inc. (EDS), the banking agencies' collection
agent. Reports submitted electronically over telephone lines will
be considered timely if transmitted to EDS by April 30, 1996. Banks
filing their Call Reports electronically should not mail
hard copies of the Call Report to any federal bank supervisory agency
unless specifically requested to do so.
have or have had more than one foreign office, other than a "shell"
branch or an International Banking Facility, and that use any of
the additional 15 days allowed for the completion of their reports,
are required to submit their reports electronically to EDS not later
than May 15, 1996.
As you were
previously advised by the Federal Financial Institutions Examination
Council (see FIL-83-95, December 15, 1995, and FIL-11-96,
March 8, 1996), the Call Report forms for this quarter include deletions
of certain items, such as deposit totals for assessment purposes
and deposits denominated in foreign currencies, and a reduced level
of detail for larger banks on trading revenue and nontransaction
accounts by type of depositor. In addition, Call Report disclosures
about certain capital and asset amounts used in calculating regulatory
capital ratios are being introduced and data on short-term liabilities
and assets are being expanded. New items also have been added for
small business obligations transferred with recourse and credit
losses on derivatives. For the March 31, 1996, report date, banks
may report a reasonable estimate for any new or revised Call Report
item for which the requested information is not readily available.
All banks are
reminded to provide information on the level of auditing work performed
by independent external auditors during 1995 (Schedule RC, Memorandum
item 1). This information is reported only as of the March 31 report
date each year.
and FDIC-supervised banks filing hard-copy Call Report forms should
return only the original signed forms to the FDIC's data entry site
in Crofton, Maryland. Original signed forms that are mailed to OCC
District or FDIC Regional Offices are not considered properly addressed.
The use of an improper address may cause a bank's forms to be received
at the data entry site after the submission deadline. State member
banks submitting hard-copy Call Report forms should return the original
signed forms and one copy to the appropriate Federal Reserve District
Bank. The use of a telephone facsimile machine to transmit a copy
of the original signed Call Report forms is not an acceptable method
information or assistance concerning the Call Reports, state member
banks should contact their Federal Reserve District Bank. National
and FDIC-supervised banks should telephone the FDIC's Call Reports
Analysis Unit 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.
Thank you for
Senior Deputy Comptroller
Office of the
Comptroller of the Currency
Division of Banking
Supervision and Regulation
Board of Governors of the
Federal Reserve System
J. Ketcha Jr.
Division of Supervision
to this Financial Institution Letter is not currently available
in electronic format. Until it is in a form that will allow us to
post it to the internet, you may obtain hard copy or fax from:
ph: (703) 562-2200
Insured Commercial Banks and FDIC-Supervised Savings Banks