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FEDERAL RESERVE BANK
OF N EW YORK
Fiscal Agent of the United States

r Circular No. 7 0 8 8
U January 30, 1973

“I
J

Revision of Operating Circular No. 19
To A ll B ankers and Banking In stitution s in the Second Federal
R eserve D istrict, P u erto Rico, the Virgin Islands, and the
Panama Canal Zone, and to B rokers, Dealers, and Others Con­
cerned That A re S u b ject to the Jurisdiction o f the United
S ta te s :

Enclosed is a copy of Operating Circular No. 19, Revised January 30, 1973, entitled
“ Reports of Transactions in Foreign Exchange, Transfers of Credit, and Export of
Coin and Currency.” The revised operating circular supersedes the December 31, 1969
edition of the circular and its two outstanding supplements, and reflects the following
major changes:
(a) A change by the Department of the Treasury in the reporting requirements for filing
foreign exchange reports providing that reports furnished by all respondents subject to the
jurisdiction o f the United States, other than bankers and banking institutions, must be submitted
to this Bank, rather than to the Federal Reserve Bank of the District in which the respondent
has its principal place of business, beginning with the reports f o r ’ January 1973. Reports by
bankers and banking institutions should continue to be furnished to the Federal Reserve Bank
of the District in which the respondent has its principal place of business in the United States.
(b) A change in the type of transaction required to be reported on “ Foreign Exchange
Form S-2, ” beginning with reports for January 1973. On this form, the respondents are
now required to report purchases and sales of all “ long-term” domestic debt securities by “ foreign
official institutions” ; formerly the report covered only such transactions in United States
Government bonds and notes.

Additional copies of the enclosure will be furnished upon request.




A

lfked

H

ayes,

President.

FEDERAL RESERVE BANK
OF N EW YORK
Fiscal Agent of the United States

[ Operating Circular No. 19
Revised January 30, 1973

*
1
J

REPORTS OF TRANSACTIONS IN FOREIGN EXCHANGE,
TRANSFERS OF CREDIT, AND EXPORT
OF COIN AND CURRENCY
To All Bankers and Banking Institutions in the Second Federal
Reserve District, Puerto Rico, the Virgin Islands, and the
Panama Canal Zone, and to Brokers, Dealers, and Others Con­
cerned That Are Subject to the Jurisdiction of the United
States:
This circu lar contains in form a tion on the reports to be filed with
this Bank, pursuant to the p rovisions o f E xecutive O rder No. 6560,
E xecu tive O rder No. 10033, and the regulations o f the S ecretary o f the
T reasu ry issued thereunder, ■(a ) b y bankers and banking institutions
w ithin the S econ d F ed era l R eserve D istrict, P u erto R ico, the V irg in
Islands, and the Panam a C anal Z one,1 and (b ) b y brokers, dealers,
nonbanking business concerns, and nonprofit institutions su b ject to the
ju risd iction o f the U nited States.

Executive Order No. 6560
1.
E xecu tive O rd er No. 6560, dated Ja n u a ry 15, 1934, prohibits,
unless licensed or excepted as p rov id ed therein, transactions in foreig n
exchange, transfers o f credit, and the ex p ort or w ith draw al fro m the
U nited States o f coin and cu rren cy. Section 5 o f the O rd er authorizes
the S ecretary o f the T reasu ry to prescribe regulations to ca rry out
the purposes o f the O rder, and to require any person engaged in any
such transaction, tran sfer, export, or w ithdraw al, to fu rn ish com plete
in form ation relative thereto.

The text o f the O rder is published in

the Code o f F ed eral R egulations, V olu m e 31, P art 127.

Executive Order No. 10033 and determinations thereunder
2.

E xecutive O rder No. 10033, dated F e b ru a ry 8, 1949, am ong

other things, authorizes (a ) the N ational A d v iso ry C oun cil on In tern a ­
tional M on etary and F in a n cia l P roblem s2 to determ ine what in form a 1 In a letter dated February 1, 1954, the Acting Secretary of the Treasury
authorized this Bank “ to serve as fiscal agent of the United States for the
collection of any and all reports required under the Treasury Regulations of
April 27, 1949, as amended, from persons in Puerto Rico, the Virgin Islands, and
the Panama Canal Zone. ”
2 Name changed, effective January 1, 1966, to “ National Advisory Council
on International Monetary and Financial Policies.”




tion is essential in ord er that the U nited States G overnm ent m ay
com p ly

w ith

requests

fo r

data

received

fro m

the

In tern a tion a l

M on etary F u n d , and (b ) the D irector o f the B ureau o f the B u d g e t3
to

determ ine

what

F e d era l

executive

agen cy

shall

collect

such

in form ation . The text o f the O rder is published in the C ode o f F e d era l
R egu lation s (3 C F R 1949-1953 C om p., p. 2 2 6 ).
3.

The N ational A d v iso ry C ouncil, on Septem ber 7, 1965, m ade

the fo llo w in g determ ination pursuant to E xecu tive O rd er No. 10033 :
The National Advisory Council, having consulted with the Director
o f the Bureau o f the Budget, determines that current information with
respect to international capital movements, derived from data on United
States liabilities to and claims on foreigners and transactions in securi­
ties with foreigners, and current information with respect to United
States gold holdings, foreign-currency holdings, and dollar liabilities
to foreigners, are essential in order that the United States may comply
with official requests o f the International Monetary Fund fo r informa­
tion with respect to the United States balance o f payments and monetary
reserves.
4.

In a determ ination dated D ecem ber 1, 1965, the D ire cto r o f the

B ureau o f the B u d g et,3 pursuant to E xecu tiv e O rd er No. 10033, d esig­
nated the D epartm ent o f the T reasu ry as the F ed eral executive agen cy
to collect the in form a tion fo u n d essential b y the N ation al A d v is o r y
C ou n cil (excep t in form a tion relative to direct-investm ent transactions,
U n ited States G overnm ent fo re ig n len d in g operations, and claim s and
liabilities o f U nited States G overnm ent agencies, w h ich in form a tion
is collected b y the D epartm en t o f C om m erce).

Regulations of the Secretary of the Treasury
5.

The regulations o f the S ecretary o f the T reasu ry issued p u r ­

suant to the above-m entioned E xecu tive ord ers and determ inations are
p rin ted in fu ll b egin n in g on page 7 o f this circu lar.

T o sum m arize,

the regu lation s:
(a) grant a general license authorizing the transactions prohibited
by Executive Order No. 6560;
(b) require (1) all bankers and banking institutions subject to the
jurisdiction o f the United States engaging in any transaction, transfer,
export, or withdrawal referred to in Section 1 o f that Order to furnish
to the Federal Reserve Bank o f the District in which such banker or
banking institution has its principal place o f business in the United
States, and (2) all persons subject to the jurisdiction o f the United
3
Name changed, effective July 1, 1970, to “ Office of Management and
Budget. ’ ’




2

States, other than bankers and banking institutions, engaging in such
transactions, to furnish to the Federal Reserve Bank o f New York,4
(i) complete information relative thereto, including information
relative to claims and liabilities arising therefrom, and,
(ii) fo r the purpose o f Executive Order No. 10033, the in for­
mation determined to be essential by the National Advisory Council
in order to comply with official requests fo r data made by the
International Monetary Fund,
to such extent and in such manner and at such intervals as is required
by report forms and instructions prescribed by the Secretary o f the
Treasury; and
(c) describe the report forms prescribed by the Secretary for fu r­
nishing the information called fo r by the regulations, specify the persons
required to make such reports and the frequency with which such reports
are required to be made (paragraph 9 o f this circular sets forth certain
exemptions from the reporting requirements), and permit the use of
alternative methods o f reporting on media that can be processed by dataprocessing equipment with the written approval o f the Federal Reserve
Bank with which the report is filed.

When completed reports should be filed with this Bank

6.
The completed reports required to be filed with this Bank should
be filed within the following periods:
(a) Monthly reports on Forms B -l, B-2, and B -3 : Not later than
the 15th day following the end o f the month covered by the reports.
(b) Monthly reports on Preliminary Summary Form B -l: Not later
than the 10th day following the last day o f the month.
(c) Quarterly reports on Form B -l: Not later than the 15th day
following the end o f each calendar quarter (March, June, September,
and December).
(d ) Twice-yearly reports on Supplement to Form B -l: Not later
than one month following the report dates (A pril 30 and December 31).
(e) Quarterly reports on Form C-l/2: Not later than one month
following the end o f each calendar quarter (March, June, September,
and December).
( f ) Monthly reports on Form C-3 : Not later than the 30th day fo l­
lowing the end o f the month covered by the report.
4
I f any person required to report has no principal place of business within a
Federal Reserve District, the information specified in subparagraph 5(b ) of this
circular shall be furnished to the Department of the Treasury or to such agency
as that Department may designate.




3

(g ) Annual reports on Form C-4: Not later than one month fo l­
lowing the report date (September 30).
(h) Monthly reports on Forms S-l and S-2: Not later than the
15th day following the end o f the month covered by the reports.
(i) Reports on Supplement to Form S -l: Not later than the end
o f the month following the report date (there is no regular report date;
reports are requested from time to time by the Department o f the
Treasury).
( j ) Quarterly reports on Form S-4: Not later than the 15th day
following the last day o f March, June, September, and December.
(k) Other reports: Reports on the forms listed above or on other
forms may be required from time to time at intervals other than those
stated, and may call fo r greater detail than is required in the regular
reports.

Alternative methods of reporting

7. Data required to be filed with this Bank as prescribed on the
forms specified in paragraph 6 may be reported on punch cards,
magnetic tape, or other media that can be processed by data-processing
equipment, provided the proposed method of reporting and the format
is approved in writing by this Bank. Application for the use of such
alternative reporting methods should be made to the Balance of Pay­
ments Division of our International Research Department. The use of
such methods shall not affect the timely filing of reports prescribed
in paragraph 6 hereof nor the exemptions specified in paragraph 9
hereof.
Who must report

8. All bankers and banking institutions, brokers and dealers,
nonbanking business concerns, and nonprofit institutions located in
the United States are required to report, except as specified in para­
graph 9.
(a) Head offices o f banks and banking institutions should file, with
the Federal Reserve Bank o f the District in which such bank or banking
institution has its principal place o f business, consolidated reports that
include the reportable amounts o f their branches in the United States.
F or subsidiaries o f banks and banking institutions in the United States,
head offices should either file consolidated reports, or ensure that amounts
not so included are reported separately by their domestic subsidiaries.
(b ) Head offices o f brokers or dealers should file, with this Bank,
consolidated reports that include the reportable amounts o f their
branches and subsidiaries in the United States.
(c) Head offices o f nonbanking business concerns and nonprofit
institutions should either file, with this Bank, consolidated reports that
include the reportable amounts o f their branches and subsidiaries in the
United States, or ensure that amounts not so included are reported
separately by their domestic branches and subsidiaries to this Bank.




4

Exemptions from reporting requirements

9.
The Secretary of the Treasury has exempted the persons indi­
cated below from furnishing information on the following prescribed
form s:
(a) Form B -l: A report as o f any one month need not be filed by
a banker or banking institution if the grand total o f “ short-term”
liabilities to “ foreigners” fo r its own account and fo r the account o f
others averaged less than $500,000 in the six months ending with and
including the reporting date, computed by averaging the monthly closing
balances. The monthly report o f any banking institution having branches
in the United States should include the reportable liabilities to
“ foreigners” o f all such branches, except that the $500,000 exemption
limit may be applied separately to each branch. In quarterly reports
by bankers and banking institutions having branches or subsidiaries
abroad, and agencies, branches, subsidiaries, or other affiliates o f foreign
banks, amounts aggregating less than $500,000 fo r any individual country
should not be reported.
(b) Preliminary Summary Form B -l: A report need not be filed
for any month on Preliminary Summary Form B -l by bankers and
banking institutions that have a foreign branch or branches and report
on Form B -l as o f the end o f January liabilities to “ foreigners” totaling
less than $20 million, nor by bankers and banking institutions that do
not have a foreign branch or branches and report on Form B -l as o f
the end o f January liabilities to foreigners totaling less than $50 million;
if such liabilities reach the specified levels at the end o f any other month
in the year, however, a report on Preliminary Summary Form B -l is
required as o f the end o f each subsequent month in the calendar year,
including any month in which short-term liabilities to “ foreigners” fall
below the specified levels.
(c) Supplement to Form B -l: Bankers and banking institutions
that are exempt from reporting on Form B -l are also exempt from
reporting on the Supplement to Form B -l. There is no separate exemp­
tion level applicable to that form.
(d) Form B-2: The exemption applicable to monthly reports on
Form B -l, set forth in (a) above, is also applicable to Form B-2
( “ Short-Term” Claims on “ Foreigners” ).
(e) Form B-3: The exemption applicable to monthly reports on
Form B -l, set forth in (a) above, is also applicable to Form B-3 ( “ LongTerm” Liabilities to, and Claims on, “ Foreigners” ).
(f ) Form C-l/2: A report with respect to liabilities to “ foreigners”
(C -l) as o f the end o f any quarter need not be filed by any “ person,”
otherwise required to report, if the grand total o f his liabilities to “ for­
eigners” for his own account and for the account o f others averaged
less than $500,000 in the quarter ending with the reporting date and
the preceding quarter, computed by averaging the closing balances as
o f the end o f the two quarters. Similarly, a report with respect to claims
on “ foreigners” (C-2) as o f the end o f any quarter need not be filed by
any “ person,” otherwise required to report, if the grand total o f his
claims on “ foreigners” for his own account and for the account o f others




5

averaged less than $500,000 in the quarter ending with the reporting date
and the preceding quarter, computed by averaging the closing balances
as o f the end o f the two quarters. These exemptions may be applied sep­
arately to each domestic branch and subsidiary.
(g ) Form C-3: A report for any one month need not be filed by a
“ person,” otherwise required to report, if the grand total o f his claims
reportable on Form C-3 is less than $1 million on the reporting date.
This exemption may be applied separately to each domestic branch and
subsidiary.
(h) Form C-4: A report for September 30 o f any year need not be
filed by any “ person,” otherwise required to report, who does not report
any “ short-term” liquid claims opposite “ All other countries” on Form
C-3 as o f September 30 o f that year.
(i) Form S -l: A report for any one month need not be filed by a
“ person,” otherwise required to report, if both the grand total o f pur­
chases and the grand total o f sales o f “ long-term” securities, fo r his own
account or for the account o f others in transactions with “ foreigners,”
averaged less than $100,000 per month in the six months preceding the
reporting date, computed by including transactions made in the month
ending on the reporting date.
( j ) Form S-2: Persons exempt from reporting on Form S -l are
also exempt from reporting on Form S-2. There is no separate exemp­
tion level applicable to that form.
(k) Form S-4: A report as o f the end o f any quarter need not be
filed by a broker or dealer, otherwise required to report, whose total
debit balances and total credit balances in accounts with “ foreigners”
are each less than $100,000 on the reporting date and also were less than
$100,000 on the preceding reporting date.

Requests for report forms and alternative methods of reporting

10. Requests for the prescribed report forms and for permission
to use alternative methods of reporting should be addressed to the
Balance of Payments Division of the International Research Depart­
ment of this Bank.
Effect of this circular on previous circular

11. This circular supersedes our Operating Circular No. 19,
Revised effective December 31, 1969, and the First and Second Supple­
ments thereto, dated April 15, 1970 and March 12, 1971, respectively.




A

lfred

H

ayes,

President.
6

T it l e 31— M o n e y

and

F in a n c e : T reasury

C H A P T E R I - M O N E T A R Y O F F IC E S , D E P A R T M E N T O F T H E T R E A S U R Y
-

P a r t 128— T r a n s a c t i o n s in F o r e ig n E x c h a n g e , T r a n s f e r s
o f C r e d it , a n d E x p o r t o f C o in a n d C u r r e n c y
SUBPART

a—

REGULATIONS

See.
128.1

General license.

128.2

Reports.

128.3

Modification or revocation.

SUBPART B— DESCRIPTION OF FORM S PRESCRIBED UNDER T H IS PART

128.10

Copies.

128.11

Foreign Exchange Form B - l :
eigners/’

128.12

Supplement to Foreign Exchange Form B - l : “ Short-term”
dollar liabilities to “ foreigners” in countries not listed sepa­
rately on Form B -l.

128.13

Foreign Exchange Form B -2:
eigners.”

“ Short-term” claims on “ fo r­

128.14

Foreign Exchange Form B -3:
claims on, “ foreigners.”

“ Long-term” liabilities to, and

128.15

Foreign Exchange Form C -l/2 :
“ foreigners.”

128.16

Foreign Exchange Form C -3 :
“ foreigners.”

“ Short-term” liabilities to “ fo r ­

Liabilities to, and claims on,
“ Short-term” liquid claims on

128.16a Foreign Exchange Form C-4: “ Short-term” liquid claims on
“ foreigners” in countries not listed separately on Form C-3.
128.17

Foreign Exchange Form S - l : Purchases and sales o f “ long­
term” securities by “ foreigners.”

128.18

Supplement to Foreign Exchange Form S - l :
bonds and notes held fo r “ foreigners.”

128.19

Foreign Exchange Form S-2: Purchases and sales o f “ long­
term” domestic debt securities by “ foreign official institutions.”

128.20

Foreign Exchange Form S -4 :

128.21

Use o f prescribed report forms fo r portions o f data required to
be reported thereon.

128.22

Special survey report forms.

128.23

Alternative methods of reporting.




*

#
7

U. S. Government

Foreign debit and credit balances.

#

A u th o r ity :
The provisions o f this Part 1 2 8 issued under sec. 5 ,
40 Stat. 415, as amended, sec. 8, 59 Stat. 515; 50 U.S.C. A pp . 5, 22
U.S.C. 286f, E.O. 6560, Jan. 15, 1934, E.O. 10033, 14 F.R. 561, 3 CFR,
1949-1953 Comp.

*

SUBPART

*

a—

*

REGULATIONS

§ 128.1 General license. Licenses may be granted, and a general license
is hereby granted, to all individuals, partnerships, associations, and corpora­
tions, authorizing any and all transactions in foreign exchange, transfers o f
credit, and exports o f currency (other than gold certificates) and silver coin.
The general license granted in this section authorizes transactions to be car­
ried out which are permitted by Executive Order 6560 o f January 15, 1934
(Part 127 o f this chapter), under license therefor issued pursuant to such
Executive order; but does not authorize any transaction to be carried out
which, at the time, is prohibited by any other order or by any law, rulings, or
regulation.
§ 128.2 Reports. In order to effectuate the purposes o f Executive Order
6560 o f January 15, 1934 (Part 127 o f this chapter), and in order that in for­
mation requested by the International Monetary Fund under the articles o f
agreement o f the Fund may be obtained in accordance with section 8(a) o f
the Bretton Woods Agreements Act (sec. 8( a) , 59 Stat. 515; 22 U.S.C. 286f
and Executive Order No. 10033, 14 F.R. 561; 3 CFR, 1949 S u pp.), every
person subject to the jurisdiction o f the United States engaging in any trans­
action, transfer, export, or withdrawal referred to in § 127.1 o f this chapter
shall furnish to a Federal Reserve bank information relative thereto, includ­
ing information relative to claims and liabilities arising therefrom, and in for­
mation determined to be essential to comply with official requests fo r data
made by the International Monetary Fund, to such extent and in such manner
and at such intervals as is required by report forms and instructions pre­
scribed by the Secretary o f the Treasury. All such persons other than bank­
ers and banking institutions shall furnish the reports required under Subpart
B o f this part to the Federal Reserve Bank o f New York. Bankers and
banking institutions shall furnish the required reports to the Federal Reserve
bank o f the district in which such banker or banking institution has its prin­
cipal place o f business in the United States. In the event that any person
required to report has no principal place o f business witHin a Federal Reserve
district, the information shall be furnished directly to the Office o f the Assist­
ant Secretary for International Affairs, Department o f the Treasury, Wash­
ington, D.C. 20220, or to such agency as the Department o f the Treasury
may designate.
§ 128.3 Modification or revocation. The regulations in this part and the
general license granted in this part may be modified or revoked at any time.
s u b p a r t b — d e s c r ip t io n o p f o r m s p r e s c r ib e d u n d e r t h is p a r t 1

§ 128.10 Copies. Copies o f the forms described in this subpart with
instructions may be obtained from any Federal Reserve bank or the Office
o f International Affairs,* Treasury Department, Washington, D. C., 20220.
1 The specific reporting requirements contained in this subpart have been approved by the
Bureau of the Budget in accordance with the Federal Reports Act of 1942.
*
Name of office changed to “ Office of the Assistant Secretary for International Affairs” on
October 14, 1964. Ed.




8

$128.11 Foreign Exchange Form B -l: “ Short-term” liabilities to “ for­
On this form bankers and banking institutions in the United States
are required to report monthly to a Federal Reserve bank “ short-term” lia­
bilities to “ foreigners” or assets held on behalf o f “ foreigners” which repre­
sent claims on institutions or individuals in the United States, as o f the last
day o f business o f the month.

eigners.”

§ 128.12 Supplement to Foreign Exchange Form B -l: “ Short-term” dol­
lar liabilities to “ foreigners” in countries not listed separately on Form B-l.
On this form bankers and banking institutions in the United States are re­
quired to report twice a year, as o f April 30 and December 31, to a Federal
Reserve bank “ short-term” dollar liabilities to “ foreigners” in countries not
listed separately on Form B -l.

§ 128.13 Foreign Exchange Form B-2: “ Short-term” claims on “ for­
eigners.” On this form bankers and banking institutions in the United States
are required to report monthly to a Federal Reserve bank “ short-term” assets
owned by the reporter or held for the account o f domestic customers which
represent claims on “ foreigners,” as o f the last day o f business o f the month.
§ 128.14 Foreign Exchange Form B-3: “ Long-term” liabilities to, and
claims on, “ foreigners.” On this form bankers and banking institutions in
the United States are required to report monthly to a Federal Reserve bank
“ long-term” liabilities to, and claims on, “ foreigners” acquired or held, either
in the United States or abroad, by reporting organizations for their own
account or for the account o f others, as o f the last day o f business o f the
month.
§ 128.15

Foreign Exchange Form C-l/2: Liabilities to, and claims on,

“ foreigners.”

On this form exporters, importers, industrial and commercial
concerns and other nonbanking institutions in the United States are required
to report quarterly, as o f the last day o f business o f the quarter, to a Federal
Reserve bank “ short-term” and certain other liabilities to and claims on “ fo r­
eigners” acquired or held, either in the United States or abroad, by reporting
organizations for their own account or fo r the account o f others.
§ 128.16

Foreign Exchange Form C-3: “ Short-term” liquid claims on

“ foreigners.”

On this form exporters, importers, industrial and commercial
concerns and other nonbanking institutions in the United States are required
to report monthly to a Federal Reserve bank data on a portion o f their claims
on “ foreigners,” as o f the last day o f business o f the month.
§ 128.16a Foreign Exchange Form C-4: “ Short-term” liquid claims on
“ foreigners” in countries not listed separately on Form C-3: On this form
reporters on Form C-3 are required to report annually a breakdown by coun­
try o f the amounts which they reported as o f September 30 on Form C-3 on
the “ All other countries” line.
§ 128.17 Foreign Exchange Form S -l : Purchases and sales of “ long­
term” securities by “ foreigners.” On this form bankers and banking institu­
tions, brokers and dealers in the United States are required to report monthly
to a Federal Reserve bank transactions in “ long-term” and certain other
securities executed in the United States for account o f “ foreigners” and




9

transactions in “ long-term” securities executed abroad fo r their own account
and for the account o f their domestic customers.
§ 128.18 Supplement to Foreign Exchange Form S -l: U. S. Govern­
ment bonds and notes held for “foreigners.” On this form bankers and
banking institutions, brokers and dealers in the United States are required to
report to a Federal Reserve bank, as requested by the Treasury Department,
their holdings for the account o f “ foreigners” o f United States Government
bonds and notes.
§ 128.19 Foreign Exchange Form S-2: Purchases and sales of “ long­
term” domestic debt securities by “ foreign official institutions.” On this form
bankers and banking institutions, brokers and dealers in the United States
are required to report monthly to a Federal Reserve bank purchases and
sales o f “ long-term” domestic debt securities by “ foreign official institutions.”
$ 128.20 Foreign Exchange Form S-4: Foreign debit and credit bal­
On this form brokers and dealers in the United States are required to
report quarterly, as o f the last day o f business o f the quarter, to a Federal
Reserve bank, the debit and credit balances in their accounts carried by or
for “ foreigners.”

ances.

§ 128.21 Use of prescribed report forms for portions of data required
to be reported thereon. The report forms described in Sections 128.11-128.20
are also prescribed for use, as needed, fo r the collection at intervals other
than the ones stated o f a portion o f the data required on each form in the
same or greater detail.
§ 128.22 Special survey report forms. On report forms other than those
described in Sections 128.11 -128.20 reports are required from time to time
to provide detailed information on the content o f aggregate data reported on
these forms and also to provide qualitative information necessary fo r ade­
quate analysis o f the data reported.
§ 128.23 Alternative methods of reporting. In lieu o f reports on the
forms described in this subpart, the required data may be reported on punch
cards, magnetic tape, or other media that can be processed by data-processing
equipment, accompanied by a printed copy o f the data reported which must
be signed by a responsible officer o f the reporting institution. The proposed
method and format o f reporting must be acceptable to the Federal Reserve
bank o f the district in which the report is filed, and must be approved in
writing by that bank.




•

w

10

o


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102