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FEDERAL RESERVE BANK OF DALLAS
DALLAS, TEXAS
75222
Circular No. 83-57
April 28, 1983
REGULATION D
RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS
(Amendments)
TO ALL DEPOSITORY INSTITUTIONS IN THE
ELEVENTH FEDERAL RESERVE DISTRICT:
The Board of Governors of the Federal Reserve District System has
approved amendments to Regulation D (Reserve Requirements of Depository
Institutions) to reduce the deposit reporting burden for small depository institu
tions. This action has been taken in compliance with provisions of the Garn
St.-Germain Act of 1982 that direct the Board to reduce the administrative burden
associated with deposit reporting at commercial banks and thrift institutions with
$2.1 million or less in total reservable liabilities.
Attached is the text of the Board's press release and related Federal
Register document. Institutions currently completing the Report of Transaction
Accounts, Other Deposits and Vault Cash (FR 2900) and subject to reduced
reporting requirements will be contacted shortly and provided with revised report
forms and instructions.
Questions regarding the material contained in this circular should be
directed to Stephen Welch, (214) 651-6394, or Carolyn Bishop, (214) 698-4205, of
the Statistics Department.
Additional copies of this circular will be furnished upon request to the
Public Affairs Department, Extension 6289.
Sincerely yours,
William H. Wallace
First Vice President
Banks and others are encouraged to use the following incoming W A T S numbers in contacting this Bank:
1-800-442-7140 (intrastate) and 1-800-527-9200 (interstate). For calls placed locally, please use 651 plus the
extension referred to above.
This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
W .-1&
FEDERAL RESERVE press release
* ->X,__
' • f %Al RE
For immediate release
April 20, 1983
The Federal Reserve Board today approved amendments to its
Regulation D —
Reserves of Depository Institutions —
the deposit reporting burden for small institutions.
designed to reduce
The action, taken
after consideration of comment received on a proposal published in March,
is effective April 28, 1983.
The Board's action implements provisions of the Garn-St Germain
Depository Institutions Act of 1982 directing the Board to reduce the
administrative burden associated with deposit reporting at commercial banks
and thrift institutions with $2.1 million or less in
liabilities.
total reservable
In implementing the Act the Board is to take into account its
responsibility for insuring compliance with the reserve requirement
provisions of Regulation D and for collecting data necessary for monitoring
and controlling the monetary and credit aggregates.
Currently, small depository institutions either are excused from
reporting requirements or are required to file a report of at least 22
items weekly or quarterly.
The principal features of the amendments are:
1.
Institutions (other than U.S. branches
and agencies
of foreign banks or Edge and Agreement
corporations)
with $2.1 million or less in reservable liabilities
(fully exempt institutions) will be subject to a
three-tier reporting system, based on their total
deposits.
a.
Available data will be used to estimate
deposits at fully exempt institutions with
less than $2 million in total deposits.
b.
Fully exempt institutions with total deposits
of at least $2 million but less than $15
million will file an annual two-item report
(FR 2910a) covering one day each June.
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c.
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Fully exempt institutions with $15 million
or more in total deposits will file a
condensed six-item report (FR 2910q) for the
same week each quarter.
This system in essence will keep the preponderance
of institutions previously deferred from reserve
and reporting requirements free of reporting
requirements, will convert current quarterly
reporters that become fully exempt from reserve
requirements into annual reporters and will
convert weekly reporters that become fully exempt
from reserve requirements into quarterly reporters.
The number of items reported by the latter two
groups also will be substantially reduced.
2.
All nonexempt quarterly respondents will begin
reporting on the same schedule as those fully
exempt institutions that will file the new
reduced quarterly report. At present, institutions
that report quarterly do so on a staggered basis,
one-third each month.
3.
U.S. branches and agencies of foreign banks and
Edge and Agreement corporations will continue to
file a weekly Report of Transactions Accounts,
Other Deposits and Vault Cash (FR 2900) and the
Weekly Report of Certain Eurocurrency Transactions
(FR 2950 and FR 2951), even if the family of related
institutions has less than $2.1 million in
reservable liabilities.
A table illustrating the above reporting program, the Board's
notice in this matter, and sample forms are attached.
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Attachments
0-
Reporting Requirements of Depository Institutions
(Other than Edge and Agreement Corporations
and U.S. Branches and Agencies of Foreign Banks)
Reservable Liabilities
Total Deposits
$2.1 Million or Less
Less than $2 million
No reporting required unless
data are not available from
other sources, then special
filing of FR 2910a
More than
$2.1 Million
(not applicable)
$2 million or more,
but less than $15
million
Annually; FR 2910a
Quarterly; FR 2900
and FR 2950
$15 million or more
Quarterly; FR 2910q
Weekly; FR 2900 and
FR 2950
n.a.— not applicable
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FEDERAL RESERVE SYSTEM
REGULATION D
[Docket No. R-0459]
RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS
Reporting Requirements
AGENCY:
Board of Governors of the Federal Reserve System.
ACTION:
Final rule.
SUMMARY:
The Board of Governors adopted in final form amendments to
Regulation D— Reserve Requirements of Depository Institutions (12 CFR Part
204) to reduce substantially the amount of reporting required from most
depository institutions that have total reservable liabilities of $2.1
million or less. Such institutions generally will be required to submit
either a six item report each calendar quarter, a two item report once each
year, or no report at all, depending upon their total deposit levels.
Currently, these institutions that have not previously been deferred from
reporting requirements submit a report of at least 22 items either weekly or
quarterly.
The Board proposed this rule for public comment on March 10,
1983. Comments from the public generally favored adoption of the rule and
the reporting procedures in the form proposed.
The final rule is
substantially identical to the proposed rule.
EFFECTIVE DATE:
April 28, 1983.
FOR FURTHER INFORMATION CONTACT:
Gilbert T. Schwartz, Associate General
Counsel (202/452-3625); Paul S. Pilecki, Senior Counsel (202/452-3281); or
Robert G. Ballen, Attorney (202/452-3265) , Legal Division; or Cynthia A.
Glassman, Section Chief (202/452-3829), Division of Research and Statistics;
Board of Governors of the Federal Reserve System, Washington, D.C. 20551.
SUPPLEMENTARY INFORMATION: Section 102 of the Monetary Control Act (Title I
of Pub. L. 96-221) ("MCA") authorizes the Board to require reports from any
depository institution as the Board may deem necessary or desirable to
discharge its responsibility to monitor and control monetary and credit
aggregates.
In this regard, the Board is permitted to classify depository
institutions and impose different reporting requirements on each class
(section 11(a) of the Federal Reserve Act, 12 U.S.C. § 248(a)).
Section 411 of the Garn-St Germain Depository Institutions Act of
1982 (Pub. L. 97-320; 96 Stat. 1520) ("Act"), which was approved on
October 15, 1982, provides that a reserve requirement of zero percent shall
apply to reservable liabilities of $2 million or less for each depository
institution.
The Act also requires that, consistent with the Board's
responsibility to monitor and control monetary and credit aggregates,
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depository institutions with reservable liabilities of $2 million or less
are to be subject to less overall reporting requirements than depository
institutions that have total reservable liabilities greater than $2
million. The Board also is required to minimize the reporting necessary to
determine whether depository institutions have total reservable liabilities
of $2 million or less. This $2 million exemption amount is to be adjusted
each year for the next succeeding calendar year by 80 per cent of the
percentage increase in the total reservable liabilities of all depository
institutions, measured on an annual basis as of June 30. No corresponding
adjustment is to be made in the event of a decrease in total reservable
liabilities of all depository institutions (12 U.S.C. § 461(b)(11)).
The
Board has adjusted this $2 million figure to $2.1 million for 1983 in
accordance with the Act.
The Board, on March 10, 1983, proposed for public comment a
reporting plan that would reduce substantially the reporting required from
most depository institutions that have total reservable liabilities of $2.1
million or less (48 Fed. Reg. 10796; March 14, 1983).
Under current
Regulation D, depository institutions that have not been deferred from
deposit reporting and reserve maintenance requirements^/ submit a 22 item
report (Report of Transaction Accounts, Other Deposits and Vault
Cash— FR 2900) and a supplement to that report (FR 2900s) either quarterly
(if total deposits are less than $15 million) or weekly (if total deposits
are $15 million or more) (12 CFR §§ 204.3(a) and (A)) .1 /
Under the
Board's proposal, a depository institution with total reservable liabilities
of $2.1 million or less , U with certain exceptions, would be required to
submit either a six item report quarterly, a two item report annually, or no
report at all, depending upon its level of total deposits.
The Board received a total of 58 comments from the public,
primarily from depository institutions and their trade groups.
A
substantial proportion (over 70 percent) of the comments expressed support
for the Board's proposal without suggestion for modification. Many of these
commenters noted that significant cost savings would result from
implementation of the proposal. The remaining commenters generally
1/The Board previously had deferred most nonmember depository
institutions, other than Edge and Agreement Corporations and U.S. branches
and agencies of foreign banks, with less than $2 million in total deposits
as of December 31, 1979, from deposit reporting and reserve maintenance
requirements.
.2/Any institution that obtains funds from foreign sources or that has
foreign branches must also submit a five item Report of Certain Eurocurrency
Transactions (FR 2950/FR 2951).
i/This $2.1 million amount will be adjusted annually in accordance with
section 411 of the Garn-St Germain Act.
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supported the proposal but suggested certain modifications, including:
reducing reporting requirements for certain depository institutions with
more than $2.1 million in total reservable liabilities; exempting depository
institutions with less than $2 million in reservable liabilities from all
reporting requirements; raising the cutoff level of $15 million in total
deposits between weekly, quarterly, and annual reporters to a higher amount
such as $25 or $50 million, or eliminating the limit entirely; and making
the ongoing adjustments of reporting categories more frequently than once
per year.
These suggestions raise issues concerning whether reporting
frequency would be sufficient to determine compliance by individual
institutions with reserve requirements and whether the Board would be
receiving adequate information to monitor and control the monetary
aggregates. For example, it was suggested that annual reporting could apply
to certain depository institutions with more than $2.1 million in reservable
liabilities. However, since such institutions are not exempt from reserve
requirements, the reporting of additional information from institutions with
more than $2.1 million in reservable liabilities is necessary to assure
compliance with reserve requirements.
Similarly, without occasional
reporting from institutions whose total deposits have approached or are
above $2 million, the Federal Reserve would be unable to determine whether
or not an institution's level of reservable liabilities remains at or below
$2.1 million, thereby maintaining its status as fully exempt from reserve
requirements and could allow a number of institutions that should be
maintaining reserves to avoid reserve requirements. In addition, since many
depository institutions with less than $2.1 million in reservable
liabilities have far in excess of that amount of total deposits, an
exemption from reporting for such institutions would impair to an
unacceptable extent the quality of information obtained for monetary policy
purposes.
With respect to raising other cutoff levels between annual,
quarterly and weekly reporters, the Board notes that these amounts had been
subject to extensive review and believes that the cutoffs are appropriate in
view of the need for information for monetary policy purposes. However, the
Board will review periodically the various cutoff levels taking into account
experience with the reporting procedures regarding reporting burden versus
monetary policy considerations.
Several suggestions were made concerning possible modifications to
the procedures for ongoing panel adjustments for more frequent ongoing
category adjustments so that aberrations on reporting dates would not lock
the depository institution into a reporting category that may not reflect
its actual deposit history. The Board believes that more frequent panel
monitoring than proposed would greatly complicate panel maintenance and
would likely lead to errors in measuring the monetary aggregates. The Board
notes that panel maintenance procedures also will be reviewed in the future
to determine if any institutions had been disadvantaged and consider whether
any modifications are appropriate.
After consideration of the comments received, the Board has
determined that the plan as proposed for public comment represents the
appropriate balance between reducing reporting requirements for smaller
depository institutions and obtaining sufficient information to ensure
compliance with reserve requirements and to adequately construct, analyze,
and control the monetary aggregates. Accordingly, the Board has adopted the
reporting plan proposed for public comment as a final rule.
Reporting categories. The following five categories of reporting
will be instituted:
First, depository institutions with more than $2.1
million in total reservable liabilities and $15 million or more in total
deposits will be required to submit form FR 2900 weekly, as under current
procedures.i/ Second, institutions with more than $2.1 million in total
reservable liabilities and less than $15 million in total deposits will be
required to submit form FR 2900 quarterly.
Third, institutions with $2.1
million or less in total reservable liabilities and $15 million or more in
total deposits will be required to submit a six item report FR 2910q
quarterly. All institutions that are required to report quarterly (either
form FR 2900 or FR 2910q) shall file this report once each June, September,
December, and March for the seven day period that begins on the third
Thursday of the given month.!/ Fourth, institutions with $2.1 million or
less in total reservable liabilities and $2 million or more but less than
$15 million in total deposits will be required to submit a two item report
(FR 2910a) annually. These institutions are to file this report as of a
single day in June that corresponds to the last day of the seven day period
for quarterly reporters. Fifth, institutions with less than $2 million in
total deposits will not be required to submit any report if their total
deposits or estimates thereof can be derived by the Federal Reserve from
existing available sources of data such as Reports of Condition filed with a
federal supervisory agency or reports filed with state regulators.®./ Once
a year (including 1983), a depository institution may elect to report
deposits and maintain reserves— as of the relevant reporting date in
September— in accordance with any category requiring a more comprehensive
form or the same form filed on a more frequent basis than required of the
category in which the institution would otherwise be placed.
Institutions with $2.1 million or less in reservable liabilities
that are not required to file the FR 2900 will not be required to submit a
.l/At the same time, the FR 2900 will be revised to incorporate items from
the supplement (FR 2900s). The supplement will then be discontinued.
1/After the implementation of contemporaneous reserve requirements on
February 2, 1984, this seven day computation period will begin on the third
Tuesday of the given month.
I/A special filing of the FR 2910a would be required of institutions for
which no data sources exist, and therefore whose deposit sizes are unknown.
If they report less than $2 million in total deposits, they need not report
reservable liabilities.
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Report of Certain Eurocurrency Transactions (FR 2950).
However, all
institutions required to file the FR 2900 will continue to report
Eurocurrency liabilities as under current procedures.
Initial determination of applicable category. Reserve Banks will
determine the initial placement of institutions in the appropriate
categories and so inform the institutions. The determinations will be made
as follows: For an institution currently filing the FR 2900 weekly, if the
institution's total reservable liabilities are more than $2.1 million for
any one of the last 13 reserve computation periods of 1982, that institution
will continue to submit the FR 2900, either weekly or quarterly, depending
on the largest level of total deposits reported during these same 13
weeks.
If an institution's total reservable liabilities are $2.1 million
or less for each of these 13 weeks, the applicable reporting category
(FR 2910q, FR 2910a, or no report at all) will be determined based upon the
institution's largest level of total deposits reported during these same 13
computation periods.
For an institution currently filing the FR 2900
quarterly, if the institution's total reservable liabilities are more than
$2.1 million on either of the last two reports filed in 1982, then the
institution must continue to submit the FR 2900.
For purposes of
determining quarterly or weekly FR 2900 reporting for an institution
currently filing the FR 2900 quarterly, total deposits are based on the
largest of the institution's last two deposit reports of 1982.
If the
institution's total reservable liabilities are $2.1 million or less for each
of these two reports, the applicable reporting category also will be
determined based upon the institution's largest report of total deposits for
the last two deposit reports of 1982.
Depository institutions that currently report the FR 2900, but that
did not begin reporting until after December 29, 1982, will be treated as
follows:
For such institutions currently reporting the FR 2900 on a
quarterly basis, the procedures for the initial placement of quarterly FR
2900 reporters will be used; however, the particular category into which the
institution will be placed will be based upon the institution's daily
average total reservable liabilities and total deposits as reported on its
one quarterly FR 2900 report submitted in 1983 (i.e. in January, February,
or March). For any such institution currently reporting the FR 2900 on a
weekly basis, the procedures for the initial placement of weekly FR 2900
reporters will be used; however, the particular category into which the
institution will be placed will be based upon the institution's daily
average total reservable liabilities and total deposits as reported for each
week during 1983 for which the institution submitted the FR 2900.
For depository institutions that currently do not file the FR 2900
weekly or quarterly, the applicable category will be determined from
information derived from Reports of Condition submitted to federal
supervisory agencies.
If no such reports are available, this information
will be derived from other sources such as reports filed with state
regulators.
If the requisite information cannot be derived from any such
sources, then the institution will be expected to submit in June 1983 the
'FR 2910a or FR 2910q as appropriate.
The appropriate category for the
institution will then be determined from the submitted report.
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Institutions with $2.1 million or less in reservable liabilities
that currently submit the FR 2900 weekly or quarterly will continue to
report under current procedures through the week ending April 27, 1983, at
which time they will be relieved of reporting under current procedures. All
institutions will begin reporting under the new procedures as of the
appropriate reporting date for the institution's category in June 1983 as
described above.
Ongoing category adjustment. The Reserve Banks will determine the
placement of institutions in the appropriate category and so inform the
institutions. Movement to another category on an ongoing basis, beginning
in 1984, will be determined as follows:
An institution submitting the
FR 2900 weekly will move to another category if, on the 13 reports ending
the last full reporting week of June of a given year, the institution
qualified for a different category under criteria described above for
initial determinations.
This institution will continue to submit the
FR 2900 on a weekly basis until the reporting period that begins on the
second or third Tuesday in September of that year depending on which is the
first week of a reserve computation period under contemporaneous reserve
requirements. An institution filing the FR 2900 quarterly or the FR 2910q
will move to another category if on the two reports submitted as of March
and June of a given year the institution qualified for a different category
under the criteria described above for initial determinations.
An
institution submitting the FR 2910a will move to another category if on the
June report of a given year the institution qualified for a different
category. Institutions not reporting previously may be asked to submit the
FR 2910a for the first time as of that June in order to determine their
appropriate reporting category. In all circumstances, the Board may require
any depository institution that is experiencing above-normal growth to
report on the FR 2900 weekly prior to the annual determination of reporting
status.
An institution that is reclassified into the category requiring the
FR 2900 on a weekly basis will submit the FR 2900 weekly starting with the
weekly reporting period that begins on the second or third Tuesday in
September depending on which is the first week of a computation period under
contemporaneous reserve requirements.
An institution that is reclassified
into a category requiring quarterly reports— either the FR 2900 on a
quarterly basis or the FR 2910q— will submit the appropriate quarterly
report starting with the September reporting date. An institution that is
reclassified (on the basis of information through June) into the category
requiring the FR 2910a annual report will submit the FR 2910a as of June of
the following year.
Exceptions to the revised reporting procedures. The reporting
procedures described above will not apply to Edge and Agreement Corporations
and U.S. branches and agencies of foreign banks. These institutions will
continue to report weekly as under current procedures. The continuation of
the present reporting procedures for these institutions is consistent with
the Board's responsibility to monitor and control monetary and credit
aggregates in view of the nature of the liabilities of these institutions
and the opportunities available to these institutions for the avoidance of
reserve requirements. The Board also noted its broad supervisory authority
over, including the authority to obtain reports from, Edge and Agreement
Corporations pursuant to 12 U.S.C. SS 601 et. seq and 611 et. seq. and the
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specification in the International Banking Act of 1978 that U.S. branches
and agencies be subject to the same reporting requirements as similarly
situated member banks (12 U.S.C. § 3105(a)).
In this regard, U.S. branches
and agencies, as parts of much larger institutions, should be viewed as
similarly situated to large member banks that are required to report weekly
under the proposal.
The reduced reporting requirements will not apply before
February 2, 1984, to those member banks and former member banks that are
subject to reserve requirements pursuant to the reserve requirement
structure in effect prior to the passage of the Monetary Control Act of 1980
("MCA").
These institutions will continue to report under current
procedures even if they hold reservable liabilities of $2.1 million or less
until the completion of the phase-in of reserve requirements of the MCA
(currently scheduled for February 2, 1984), at which time the revised
reporting requirements will be applied.
Member banks and former member
banks with $2.1 million or less in reservable liabilities are required under
the MCA to maintain reserve requirements until completion of this phase-in
(12 U.S.C. § 461(b)(8)). The information that these institutions currently
are reporting is necessary to continue to calculate these reserve
requirements and to administer properly the phase-in of reserve requirements
mandated by the MCA.
Effect on prior amendments and small entities. The Board is
amending Regulation D to provide that depository institutions will report in
accordance with the procedures described above.
These procedures will
remain in effect after the October 5, 1982 amendments to implement
contemporaneous reserve requirements become effective on February 2, 1984.
The impact of these procedures on small entities has been
considered in accordance with section 604 of the Regulatory Flexibility Act
(Pub. L. 96-354; 5 U.S.C. § 604).
As described above, these procedures
will reduce significantly the recordkeeping and reporting requirements
imposed upon small depository institutions. The Board estimates that these
procedures will reduce the net reporting burden of depository institutions
by approximately 600,000 hours.
These amendments are being made effective in less than 30 days
because they relieve a restriction by providing for a reduced reporting
burden for depository institutions.
List of Subjects in 12 CFR Part 204
Banks, banking;
Reporting Requirements.
Currency;
Federal
Reserve
System;
Penalties;
Pursuant to its authority under sections 11(a), 19, 25, and 25(a)
of the Federal Reserve Act (12 U.S.C. §S 248(a), 461, 601 et seq., 611 et
seq.) and under section 7 of the International Banking Act of 1978 (12
U.S.C. S 3105), the Board amends section 204.3 of Regulation D (12 CFR
Part 204), effective April 28, 1983, as follows:
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1. By amending section 204.3(c) by removing the first sentence,
"Computation of required reserves.", and inserting in its place,
"Computation of required reserves for institutions that report on a weekly
basis."; and by revising paragraphs (a) and (d) as set forth below.
SECTION 204.3 —
COMPUTATION AND MAINTENANCE
(a) Maintenance of required reserves. A depository institution, a
U.S. branch or agency of a foreign bank, and an Edge or Agreement
Corporation shall maintain reserves against its deposits and Eurocurrency
liabilities in accordance with the procedures prescribed in this section and
§ 204.4 and the ratios prescribed in § 204.9.
Penalties shall be assessed
for deficiencies in required reserves in accordance with the provisions of
S 204.7. Every depository institution, U.S. branch or agency of a foreign
bank, and Edge or Agreement Corporation shall file reports of deposits in
accordance with the instructions of the Board, based on the level of its
deposits and reservable liabilities consistent with the Board's need for
data to carry out its responsibility to monitor and control monetary and
credit aggregates. For purposes of this part, the obligations of a majority
owned (50% or more) U.S. subsidiary (except an Edge or Agreement
Corporation) of a depository institution shall be regarded as obligations of
the parent depository institution.
(1)
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(d) Computation of required reserves for institutions that report
on a quarterly basis. For a depository institution that is permitted to
report quarterly, required reserves are computed on the basis of the
depository institution's daily average deposit balances during a seven-day
computation period that begins on the third Thursday of March, June,
September, and December.
In determining the reserve balance that such a
depository institution is required to maintain with the Federal Reserve, the
average daily vault cash held during the computation period is deducted from
the amount of the institution's required reserves. The reserve balance that
is required to be maintained with the Federal Reserve shall be maintained
during a corresponding period that begins on the fourth Thursday following
the end of the institution's computation period and ends on the third
Wednesday after the close of the institution's next computation period.
Such reserve balance shall be maintained in the amount required on a daily
average basis during each week of the quarterly reserve maintenance period.
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2. The Board also amends section 204.3(c), published at 47 FR
44707, October 12, 1982, to become effective February 2, 1984, by removing
the first sentence, "Computation of required reserves.", and inserting in
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its place, "Computation of required reserves for institutions that report on
a weekly basis."; and by revising section 204.3(d), also published at 47 FR
44707, to become effective February 2, 1984, as set forth below:
(d) Computation of required reserves for institutions that report
on a quarterly basis. For a depository institution that is permitted to
report quarterly, required reserves are computed on the basis of the
depository institution's daily average deposit balances during a seven-day
computation period that begins on the third Tuesday of March, June,
September, and December.
In determining the reserve balance that such a
depository institution is required to maintain with the Federal Reserve, the
daily average vault cash held during the computation period is deducted from
the amount of the institution's required reserves. The reserve balance that
is required to be maintained with the Federal Reserve shall be maintained
during a corresponding period that begins on the fourth Thursday following
the end of the institution's computation period and ends on the fourth
Wednesday after the close of the institution's next computation period.
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By order of the Board of Governors, April 19, 1983.
(signed) William W. Wiles
William W. Wiles
Secretary of the Board
[SEAL]
FR 2910a
OMB No. 7100-0175
Approval expires June 1986
ANNUAL REPORT OF TOTAL DEPOSITS AND
TOTAL RESERVABLE LIABILITIES
For Wednesday, June ___, 1983
This report is required by law
[12 U.S.C. §248(a) and §461].
The Federal Reserve System regards the information provided by each respondent as con
fidential. If it should be determined sub
sequently that any information collected on
this form must be released, respondents will
be notified.
Amount Outstanding
(in thousands of dollars)
Mil.
Thous.
1. Total Deposits
(If the amount reported in this item is less than
$2.0 million, item 2 need not be completed.)
2. Total Reservable Liabilities
If the amount reported in Item 1 is greater
reported in Item 2 is $2.1 million or less,
form FR 2910q and submit that report to the
wise please sign below and return this form
indicated.
than $15 million and the amount
please complete the attached
Reserve Bank indicated. Other
(FR 2910a) to the Reserve Bank
Please check this box if your depository institution has non-U.S.
branches or obtained funds from sources outside the U.S. during
the period covered by this report.
Name of Institution
Signature, title
Address
Person to be contacted concerning
this report.
(Area code) Telephone Number and Ext.
FR 291Oq
OMB No. 7100-0175
Approval expires June 1986
OUARTERLY REPORT OF SELECTED DEPOSITS, VAULT CASH, AND RESERVABLE LIABILITIES
For the week ended _________________ , 19___
This report is required by law
[12 U.S.C. §248(a) and §461].
The Federal Reserve System regards the information provided by each respondent
as confidential. If it should be determined subsequently that any information
collected on this form must be released, respondents will be notified.
PLEASE READ INSTRUCTIONS PRIOR TO COMPLETION OF THIS REPORT
Report all balances as of the close of business each day to the nearest thousand dollars
Column 2
Column 3
Column 5
Column 6
Column 7
Column 1
Column 4
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday
Sunday
Mils. Thous. Mils. Thous. Mils. Thous. Mils. Thous. Mils. Thous. Mils. Thous. Mils. Thous.
SELECTED DEPOSITS
2. Total Other Savings Deposits
3. Total Time Deposits........
4. All Time Deposits in Denomi
nations of $100,000 or More
5 . Vault Cash.................
Please check this box if your depository institution has non-U.S. branches or obtained funds from sources outside the
U.S. during the period covered by this report.
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