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463 FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL C O R R E S P O N D E N C E T O T H E FEDERAL RESERVE BOARD . June 28, 1934 B-991 SUBJECT: Call Condition Reports of State Bank Members and. their Affiliates. Dear Sir: There have been forwarded to you today under separate cover the indicated number of copies of the five forms and schedules attached hereto, for the use of State bank members and their affiliates in submitting renorts as of the next call date: Number of copies Form Form 105, Report of condition of State bank member. Schedule "0", Loans and advances to affiliates and investments in and loans secured by obligations of affiliates. Form 220, Report of affiliate or holding company affiliate. Form 220a, Publisher's copy of report of affiliate or holding company affiliate. Form 220b, Instructions for preparation of reports of affiliates and holding company affiliates. Kindly mail an appropriate number of copies of these forms and schedules.based on the number required at the time of the last call for reports, to each State bank member that has not been formally placed in liquidation or receivership, or possession of which has not been taken by a conservator or other State official, with the request that the forms and the - 2 - B-991 464 accompanying schedules "be held pending a call for reports thereon. There was also forwarded to you at the same time a supply of Federal Deposit Insurance Corporation Form No. 64-c, a copy of which is inclosed. It will he appreciated if you will advise State bank members that the Federal Deposit Insurance Corporation has requested the Board to obtain for it the information called for on this form, and ask them if they will kindly fill out the form and mail two copies thereof to your bank. Both copies should then be forwarded to the Federal Reserve Board. In order that the Board may have statistical data, regarding the aggregate loans end investments, deposits, etc., of State bank members in the hands of conservators or other similar State officials but which have not been formally placed in liquidation or receivership, please also forward three copies of Form 105 to each of such banks with the request that the conservator, or other State official in charge of the bank, fill in the data called for by the form (upon receipt of a call therefor) and mail the rer>ort to your bank in duplicate. Please request the officials in charge of such banks to interline the amount of special or segregated deposits, subject to unrestricted withdrawal, against the caption "Unrestricted deposits" following item 17 of "Liabilities", and to interline assets segregated against such deposits opposite appropriate captions on the face of the report and in Schedule I. Officials in charge of such banks should not be asked to furnish the data called for in Schedule "0", nor to have the reports attested by any of the directors of the banks. Please advise State bank members that, although the amount of rediscounts (as reported against Item 23 of "Liabilities") should not be included in the memorandum section below "Liabilities", the amount of any marginal or — 3 — 3-991 465 additional collateral that may have been pledged to secure such rediscounts should be reported as "pledged against borrowings", item 35-®» and included in item 3^- and items 31» 32 or 33» depending on the character of the collateral. In connection with the examination made of condition reports before they are forwarded to the Board, it is requested that, in addition to the usual checking, an examination be made particularly of the figures in the new memorandum section relating to loans and investments pledged to secure liabilities in order to determine, so far as practicable, whether the figures there reported appear to be consistent with the amounts of liabilities against which such assets are pledged. It is also suggested that the items shown in Sch- edules M and N be scrutinized to determine whether the captions indicate clearly .the character of transactions represented therety, and whether or not the amount of any of such items should have been included in appropriate asset and liability items on the face of the report (other than items lU and 29). In orde* to avoid unnecessary correspondence the Board should be furnished with copies of any letters sent to member banks in connection with condition reports to which replies have not been received at the time the reports are forwarded to the Board, It is requested that as promptly as practicable after the issue of the call you inform the Board, with respect to each State whose capital city lies in your district, whether or not State authorities issued a call for condition reports as of the same date as the call issued by the Board, and, if not, the date of the nearest call thereto issued by the State authorities. In case reports submitted in response to such calls were not required to be published, information is requested as to the nearest date when publication 9 466 3-991 - 4 - of such reports was required. Extensions of time for the preparation of reports of affiliates may he granted under the same terms end conditions as heretofore authorized. It has been our practice for a number of years to obtain directly from each State banking department abstracts or summaries of condition reports rendered by State banking institutions. In view of the fact that in many cases such abstracts or summaries are also obtained by Federal Reserve agents, who obtain other data regularly from the State banking departments, you are requested to obtain and furnish the Board, with respect to the current and future calls, for each State whose capital city lies in your district, a copy of the abstract or summary of the condition reports rendered to the State banking department by each separate class of licensed banking institution. Banks in charge of conservators or other similar State officials and banks which are permitted to accept new deposits only in trust should not be included. In the case of any State located partly in another Federal Reserve district, please also furnish a corresponding summary covering banks located in the district. pert of the State embraced in your State banking departments should be advised that it will not be necessary hereafter for them to send copies of their abstracts directly to the Board. In case the number of banks shown in the abstracts or summaries of condition reports does not agree with the number shown in the December 30, 1933 lists of be-nks, furnished in response to the Board's letter B-$44 of - 5 467 B-991 - December 26, 1933» after account has been taken of changes in status of banks reported to the Board in your weekly reports of bank changes, please furnish such information concerning the bank changes as will enable us to reconcile the abstracts with the lists. Very truly yours, ^O^Lupcu, )x)cnA,^ Chester Morrill, Secretary. Inclosures TO ALL FEDERAL RESERVE AGENTS*
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