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523 FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE T O T H E FEDERAL RESERVE BOARD November 18, 1935• B-1106, Dear Sir: In May 1935 a conference on standardization of bank call reports was held in Washington at which were present representatives of Federal and State supervisory authorities and of bankers' associations. At that conference a permanent standing committee was appointed to work toward the development of standard condition report forms. Since that time a tentative draft of a proposed revision of the call report form has been prepared, and a copy thereof is inclosed. The proposed revised form has not been acted upon by the Board or any of the supervisory authorities, but copies thereof are in the possession of the Comptroller of the Currency and the Federal Deposit Insurance Corporation. Ho copies have yet been furnished to State bank supervisors or to the representatives of the bankers' associations who are members of the standing committee above referred to, nor have the tentative revisions in the form been discussed with them. It is, therefore, requested that the form inclosed herewith be not discussed with anyone who is not an officer or an employee of your bank. It will be appreciated if you will discuss the proposed revised form with your associates in the baric and write the Board fully with respect to any changes you think it desirable to make therein. The 524 - 2 - Board would like to have yoxr comments and recommendations within two v e l s if practicable. /ec, It will be noted that the capital account has been tentatively revised so as to show separately the capital investment of the Reconstruction Finance Corporation, It has also been suggested that the capital account might be simplified if the aggregate par and aggregate retirable values of each class of capital stock were shown, instead of the par and retirable values per share, with an extension as at present of the book value of the capital stock and capital notes or debentures. Following is the proposed alternative method of presenting this part of the capital account: 31, (a) Reconstruction Finance Corporation capital retirable at $ (b) Preferred stock sold to public retirable at $ (c) Capital notes and debentures sold to public (d) Common stock (Deferred obligations shown in Item 33 are payable before any distribution is made on common stock) $ $ $ $ ) ) ) ) ) ) ) ) ) It has also been suggested that the item "Loans and discounts" should be shown following investments, i.e., that it should appear as the seventh item of assets instead of as the third item* Your comments on the desirability of such a change will be appreciated. Schedule "G" shows the items which the staff has recomended be allowed as deductions from gross demand deposits in order to determine the amount of demand deposits on which member banks are required to carry reserves. Any changes necessary in the schedule to make it conform with Regulation "D", when approved by the Board of Governors of the Federal Reserve System, will be made before the form is finally approved* In schedule E it is intended that overdrafts be included in the appropriate item or items (5« 6, 7« 10, 525 - 3 ~ 11 and 12), instead of 'being shown separately. This will be brought out in the instructions governing the preparation of condition reports. After receipt and consideration of the comments and suggestions of the Federal Reserve hanks the proposed form will be discussed with other members of the permanent standing committee on the revision of call reports. It is contemplated that complete instructions will be prepared governing the preparation of the condition reports, which will include definitions of items appearing in the schedules as well as those appearing on the face of the report. Such instructions and definitions will be sent to you for comment before the Board is asked to pass upon thorn. Very truly yours, ) r ) < r v u ^ Chester Morrill, Secretary, TO ALL FEDERAL BESE3VE AGENTS Confidential Tentative draft 526 FACE SIDE OF PROPOSED REVISED CALL REPORT FORM (105) Form 105--Call No. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Revised 1935 Reserve District No, Every blank space and schedule mast be filled in. Where there are no figures to report the word "None" mast be written or stamped. Printed items on this blank mast not be scratched or amended in any manner. Any amounts Which cannot be properly included in the printed items mast be entered under "Other assets" or "Other liabilities". REPORT OF CONDITION OF " " (Give within the quotation marks the full and exact legal title of the bank) of t in the State of , at the (City or town) close of business on ................ 193.... m m s 1. Cash, balances with other banks, exchanges for clearing house, etc, $. 2. Reserve with Federal Reserve bank 3. Loans and discounts 4. United States Government obligations, direct and fully guaranteed 5. State, county, and municipal obligations 6. Other bonds, notes, and debentures 7. Corporate stocks, including $ Reserve bank stock 8. Banking house owned $ $ of Federal , furniture and fixtures . 9. Investments $ in and advances $ to affiliated company holding title to banking house 10. Other real estate owned 11, Investments $ in and advances $ to affiliated companies or nominees holding title to other real estate for bank's benefit 12. Customers' liability to this bank on acceptances executed by. or for the account of this bank 13, Borrowed securities (mast agree with per contra item 27) 1 - Other assets 4, 15. TOTAL ASSETS (B-1105-a) 527 Confidential Tentative draft FACE SIDE 0? PROPOSED REVISED CALL REPORT FORM (105) — Cont'd) LIABILITIES 16. Deposits of individuals, partnerships, and corporations: (a) Demand deposits (b) Time deposits evidenced by savings pass books (c) Other time deposits $ __ _ 17. United States Government and postal savings deposits (mast agree with total of item 2 in Schedule H and item 3 in Schedule I) 18. State, county, and municipal deposits (mast agree with total of item 3 in Schedule H and item 4 in Schedule I) 19. Deposits of other banks (must agree with total of items 4, 5 and 6 in Schedule H and items 5 6 and 7 in > Schedule I) 20. Certified and officers' checks, letters of credit and travelers' checks sold for cash, and amounts due to Federal Reserve bank (transit account) 21. Total deposits (items l6 to 20) _ 22. Bills payable, rediscounts, and repurchase agreements 23. Obligations on industrial advances transferred to Federal Reserve bank 24. Mortgage bonds and participation certificates outstanding 25. Mortgages or other encumbrances $ on banking house and $ on "other real estate™ _ 26. Acceptances executed by or for the account of this bank — 27. Securities borrowed (mast agree with per contra item 13) _ _ 28. Dividends declared but not yet payable _ 29. Other liabilities — 30. TOTAL LIABILITIES, EXCLUDING CAPITAL ACCOUNT (B-1105-t>) 538 Confidential FACE SIDE OF PROPOSED REVISED CALL IMPORT FORM (105) — Tentative draft (Cont'd) LIA3ILITISS (Cont'd) 31. Capital accoimt: (a) Preferred stock sold to Reconstruction ) Finance Corporation shares, ) par $ per share, retirable ) at $ per share ) (t>) Preferred stock sold to public ) shares, par per share, ) retirable at $ per share ) (c) Capital notes cud debentures sold to P.econ- ) struct ion Finance Corporation ) (d) Capital notes end debentures sold to ) public $ ) (e) Common stock shares, par ) per share (Deferred obligations shown in ) item 33 ore payable before any distri) bat ion is made on common stock) ) (f) Reserves for dividends payable in common stock (g) Surplus (h) Undivided profits (i) Retirement account (preferred stock or capital notes and debentures) (j) Reserves for contingencies (k) Total capital account 32. TOTAL LIABILITIES, INCLUDING CAPITAL ACCOUNT 33. Deferred obligations not included in liabilities shown above, subordinated to claims of depositors and other creditors but payable before any distribution is made to common stockholders as such; (a) Deposits subordinated, and contributions made, for bank's benefit (b) Past due dividends on preferred stock and past due interest on capital notes and debentures (3-1105-c) 539 Confidential FACE SIDE 0? PROPOSED REVISED CALL REPORT FORI; (105) — Tentative draft (Cont'd) MSHORAMDA 34. Pledged assets (except real estate), rediscounts, and securities loaned: (a) U. S. Government obligations, direct and fully guaranteed, pledged to secure liabilities (b) Rediscounts, securities sold under repurchase agreement, and other assets (except real estate) pledged to secure liabilities (c) Asoots deposited with State authorities to qualify for the exercise of fiduciary or corporate powers (d) Securities loaned to banks, dealers in securities, and others (e) TOTAL $ , 35* Secured and preferred liabilities: (a) Deposits secured by pledged assets pursuant to requirement of law (b) Bills payable, rediscounts, and repurchase agreements (c) Other liabilities secured by pledged assets (d) Deposits preferred under provisions of law but not secured by pledge of assets (e) TOTAL 36. Outstanding encumbrances on banking house on which bank is not liable (3-1105-d) 530 Confidential Tentative draft PACE SIDE OF PROPOSED REVISED CALL REPORT JOHH (105) — (Cont'd) of I (Name and title of officcr authorized to sign report) the above named bank, do solemnly swear that the above statement is true, and that the SCHEDULES attached hereto a i those on the back of this report fully td and correctly represent the true state of the several matters therein contained and set forth, to the best of my knowledge and belief. NOTE — This report must be sworn to by the President, Vice President, Cashier, or other duly authorized officer, attested by not less than three directors other than the officer signing the report, and forwarded to the Federal Reserve bank with, the least possible delay (in no case later than 10 days from rcceipt of call) (Signature of officer authorized to sign report) Correct, - Attest. ,) ) ,)Directors ) .) State of County of Place for official seal to bo affixed by officer before whom acknowledged. Notary must not bo an officer or director of the bank. — *...) ) ss: .) Sworn to and subscribed before me this day of 193 and I hereby certify that I am not an officcr or director of this bank, .Notary Public (3-1105-e) Confidential 531 Tentative draft S i f i O B OF PROPOSED K3VIS3D Ci-lL REPORT FORM (105) tffTLS SCH3DUL3 A — COi^IHGScfT LIABILITIES 1. Commercial and. travelers' letters of credit issued and other credits opened for customers, other than for cash, tut not need $ . 2. Foreign exchange future contracts 3. Accoptances of other banks and bills of exchange or drafts sold vdtli endorsement of this bank 4. Real estate titles guaranteed 5. Other contingent liabilities (itemize) TOTAL SCHEDULE B — BRMCHES AID BRANCH OFFICES (Do not count, as a branch, the head office of the bank or a department or subdivision of the head office) Humber in operation 1. Within corporate limits of the head office city . 2. Outside corporate limits of the head office city, bit in the same county 3. Elsewhere in the same state, in counties contiguous to the county in which the head office is located . 4. Elsewhere in the same state, in counties not contiguous to the county in which the head office is located 5. Elsewhere in the United States 6. In Foreign countries TOTAL (B-1105-f) Confidential SCHEDULES OF PROPOSED HEVISSD CALL H3P0RT F E , (105) O!! SCHEDULE C — Tentative draft 533 (Cont'd) ITEMIZED STATSliSflT OF "0TH3H ASSETS" 1. Interest, commissions, rent, etc., earned or accrued T u not collected at $ 2. Taxes, insurance, and other expenses prepaid 3. Cash items not in process of collection TOTAL (mast agree with item l4 of "Assets") SCHEDULE D — ITEMIZED STATEMENT OF "OTHZR LIABILITIES" 1. Interest, discount, rent and other income collected " u not earned bt 2. Interest, taxes, and other expenses accrued and unpaid TOTAL (mast agree with item 29 of "Liabilities") (3-1105-g) 533 Tentative draft Confidential SCHEDULES OF PROPOSED H3VIS3D CALL E3P0BT FOBM (105) — (Cont'd) -SCHEDULE' 3 — LOANS Aim DISCOUNTS (Including rediscounts and overdrafts) 1. Commercial paper bought in open market $ 2. Notes, bills, acceptances, and other instruments evidencing loans, payable in foreign countries 3. Acceptances of other banks, payable in United States » 4. Acceptances of this bank purchased or discounted 5. Loans to banks 6. Loans to brokers and dealers in securities in New York City 7. Loans to brokers and dealers in securities outside New York City ________ 8. Loans to others for the purpose of purchasing or carrying securities 9. Heal estate loons: (a) On farm land (b) On other real estate 10. Agricultural loans (including loans on livestock but excluding loans on farm land) 11. Commercial and industrial loans (not included above) 12. All other loans 13. TOTAL LOANS AND DISCOUNTS _____ . l4. Less; Valuation reserves 15. NET TOTAL (mast agree with Item 3 of "Assets") (3-1105-h) Confidential SCHEDULES OF PROPOSED REVISED CALL B3POBT FOHM (105) — 534 Tentative draft (Cont'd) SCHEDULE E — LOAMS AMD DISCOUNTS (Cont'd) MSlTOAiSDA l6. Total loans eligible for rediscount under the provisions of Section 13 and l)a of the federal Heserve Act (including any such eligible paper now under rediscount or pledged against liabilities) $. 17. Officers' and directors' liabilities to the bank (including both individual liability and liability as members of partnerships): (a) As payers of loans and discounts (b) As endorsers or guarantors of loans and discounts (c) On overdrafts and on cash items not in process of collection (d) TOTAL o) Less duplications f) M3T LIABILITY TO THE B A H 18, Loans on which either interest or principal is, or both are, (a) Past due not more than six months (b) Past due more than six months 19. Five largest outstanding loans (2 or more notes, including overdrafts, of the same individual, partnership, or corporation should be combined): (a) Largest (b) Second largest (c) Third largest (d) Fourth largest (e) Fifth largest (f) TOTAL (B-1105-i) Tentative draft Confidential SCHEDULES OF PROPOSED REVISED CALL REPORT FORM (105) — (Cont'd) 535 SCHEDULE F — BOKDS. STOCKS, Aim OTHER SECURITIES (including securities sold under repurchase agreement) 1, (a) Direct obligations of the United States Government: (1) Bonds (2) Treasury notes (3) Treasury bills (b) Obligations guaranteed " y the United States b Government as to interest and principal: (1) Reconstruction Finance Corporation (2) Federal Farm Mortgage Corporation (3) Home Owners' Loan Corporation (c) TOTAL $ ' ==——==: 2, (a) State, county, and municipal obligations (b) Less: Valuation reserves (c) NET TOTAL (must agree with item 5 of "Assets") 3, Other bonds, notes, and debentures (not including stock): (a) Domestic (1) Federal Land banks (2) Federal Intermediate Credit banks (3) Railroads (4) Public utilities (5) Other domestic corporations (b) Territorial and insular possessions of the United States (c) Foreign-public and private (d) TOTAL (e) Less: Valuation reserves (f) NET TOTAL (must agree with item 6 of "Assets") 4. Stock of — (a) Federal Reserve bank (b) Other domestic corporations (c) Foreign corporations (d) TOTAL (e) Less: Valuation reserves (f) MET TOTAL (mast agree with item 7 of "Assets") MEMORANDA 5. (a) Securities in default (included in items 2 and 3 above) (b) Securities not in default (included in items 1, 2 and 3 above) maturing within 5 years from date of call report: (1) U.S.Government obligations, direct and fully guaranteed (2) State, county, and municipal obligations (3) Other bonds, notes, and debentures (c) Non-dividend paying stocks (included in items 4(b) and 4(c) above) (3-1105-j) 536 Tentative draft Confidential SCHEDUL3S OF PH0P0S3D B3VIS3D CLML BBPOPvT I OHM T ( 1 0 5 ) — (Cont'd) SCHEDULE & ~ CASH. BALAUC3S T.ITH 01H3H 3.uES. 3XCHA3KSS FOB C L 3 A S m H0US3. STG. 1, Demand balances with other banks in the United States (except private "banks and American "branches of foreign bonks) (a) Due from banks in Hew York City (b) Due from banks elsewhere in the United States $ , 2, Cash items in process of collection, including exchanges for clearing house, except to the extent included in item 1 3. Total amount deductible from demand deposits in determining amount subject to reserve (total of items 1 and 2) 4. Time balances with other banks in the United States (except private banks and American branches of foreign banks) 5. Balances with private banks and American branches of foreign banks 6. Balances with banks in foreign countries (including balances with foreign branches of other Arterican banks but excluding amounts due from own foreign branches) 7. Cash (including cash in transit) 8. TOTAL of items 3 to 7 (must agree with item 1 of "Assets") (3-1105-k) 537 I s Confidential SCHEDULES OF PROPOSED REVISED CALL REPORT FORM (105) — Tentative draft (Cont'd) SCHEDULE H - DEMAND DEPOSITS (all deposits other than "time deposits" as defined in Regulation D of the Board of Governors of the Federal Reserve System) 1. Deposits of individuals! partnerships, and corporations (must agree with item l6a of "Liabilities") $. 2. United States Government deposits 3. State, county, and municipal deposits 4. Deposits of other "banks in the United States (except private "banks and American branches of foreign banks) 5» Deposits of private banks and American branches of foreign banks 6. Deposits of banks in foreign countries (including balances of foreign branches of Other American banks but excluding amounts duo to i w foreign branches) in 7. Certified and officers' checks, letters of credit and travelers1 checks sold for cash, and amounts due to Federal Reserve bank (transit account) (must agree with item 20 of "Liabilities") 8. TOTAL DEMAND DEPOSITS 4 -r (3-1105-1) < «- Confidential 538 Tentativo draft SCHEDULES OF PROPOSED 3271SED CALL REPORT FORM (105) — (Cont'd) SCHEDULE I — TIKE DEPOSITS (As defined in Regulation D of the Board of Governors of the Federal Reserve System) 1, Deposits of individmls (not including savings deposits), partnerships and corporations: (a) Certificates of deposit (other than for money "borrowed) (b) Open accounts (c) Christmas savings and similar accounts (d) TOTAL (must agree with item l6(c) of "Liabilities") $ . . 2, Deposits evidenced " y savings pass books (must b agree with item 16(b) of "Liabilities") 3, Postal savings deposits 4, State, county, and municipal deposits 5, Deposits of other banks in the United States (except private banks and American branches of foreign banks) 6, Deposits of private banks end American branches of foreign banks 7* Deposits of banlcs in foreign countries (including balances of foreign bronchos of other American banks but excluding amounts duo to own foreign branches) 8. TOTAL TIME DEPOSITS (items Id to 7 of this schedule) -r (B-1105-m) 539 * Confidential SCHSDUL3S 0? PROPOSED E3VIS3D CALL R3PQRT FORI! (105) Tentative draft (Cont'd) S K O T . I . — BILLS PAYABLE. ISP IS COUNTS. £3D Z3PHRCKASE OTTTT T AGR33M3NTS 1. With Federal Reserve banl: $ . 2. With other "banks and trust companies 3. With Reconstruction Finance Corporation » 4. With others 5. TOTAL (mst agree with it on 22 of "Liabilities") M3M0RJ0IDUM: 6. Bills payable (including certificates of deposit issued for borrowed money) 7. Rediscounts (including notes and bills sold under repurchase agreement) 8. Agreements to repurchase securities sold 9. TOTAL of items 6, 7 and 8 (must agree with item 5) i * f / (3-1105-a)
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