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APPENDIX B

FEDERAL DEPOSIT INSURANCE CORPORATION

OFFICE OF THE COMPTROLLER OF THE CURRENCY
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

October 28, 1977

TO: THE CHIEF EXECUTIVE OF EACH INSURED COMMERCIAL BANK

The Senate Committee on Banking, Housing and Urban Affairs is currently considering the need for further legislation with respect to bank stock loans, insider loans and overdrafts. In order to have meaningful information on which to base its deliberations, the Committee has requested the Federal Deposit Insurance Corporation, in cooperation with the other Federal banking agencies, to survey all insured commercial banks. The survey results will also be made available to the House Committee on Banking, Finance and Urban Affairs.

To provide the information requested by Congress and to aid in the discharge of their supervisory responsibilities, the Board of Directors of the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System and the Comptroller of the Currency are jointly calling for a special report from all insured commercial banks. The agencies have made the report mandatory, under applicable statutes, for banks under their supervisory jurisdiction.

The Federal Deposit Insurance Corporation, acting for the three agencies, is responsible for the transmittal of the report form to all insured commercial banks and for the collection of the returns. A copy of the report is enclosed. The report has four schedules. Schedule I calls for information on loans secured by bank or bank holding company stock; Schedule II calls for information on loans to executive officers, major stockholders and directors of other banks; Schedule III calls for information on loans to executive officers, major stockholders and directors of the reporting bank; and Schedule IV calls for information on overdrafts.

Aggregate information derived from the bank responses will be transmitted to the Committees. The individual bank returns will be regarded as strictly confidential by the agencies. If it should be determined that disclosure of any bank returns must be made, the banks concerned will be notified in advance of any such disclosure.

We recognize that responding to this survey may be difficult for some banks. Although some of the information should be available from accounting or computer records, other information will be available only from documents in loan files and, in certain instances, recourse to other sources may be required. However, it is essential that the information provided be as complete and accurate as practicable. It is also essential that the results be made available promptly to Congress; therefore, it has been necessary to impose a tight time schedule. The completed questionnaires should be returned to the Washington office of the FDIC within 30 days of receipt of this letter.

Effective November 4, 1977, the following toll free number in the Washington Office of the FDIC is available for banks in the continental United States (with the exception of the District of Columbia) to call for information and assistance in completing or correcting the schedules: 800-424-9514

Banks outside of the continental United States may call collect at 202-389-4500 before 7:00 PM Eastern Standard Time. Banks in the District of Columbia may call 389-4500.

Your cooperation and understanding in this important undertaking will be greatly appreciated.

Ferige A. Le Mainte

Federal Deposit Insurance Corporation

hos Hom

Board of Governors of the Federal Reserve System

Jah G. Hreim

Office of the Comptroller of the Currency

L

TO THE BANK ADDRESSED:

Enclosed in this package are forms and instructions for the following schedules:

SCHEDULE - Survey of loans, $25,000 and over, secured by domestic bank or bank holding company stock.

SCHEDULE II - Loans outstanding as of September 30, 1977 to Executive Officers, Major Stockholders and Directors of other banks.

SCHEDULE III Loans outstanding as of September 30, 1977 to Executive Officers, Major Stockholders and Directors of the reporting bank, their business interests and their immediate families.

SCHEDULE IV Overdrafts

Section I of SCHEDULE I must be completed and returned even if reporting bank has no loans which meet the reporting criteria. SCHEDULES II, III and IV, plus the attestation covering all Schedules, must also be completed and returned.

Return all forms within 30 days of receipt to:

Federal Deposit Insurance Corporation

Room 3008

Washington, D. C. 20429

Before completing any Schedule, please read the appropriate instructions. Maintain for your records copies of completed Schedules and all worksheets as it may be necessary to contact a reporting bank for additional information.

When submitting these Schedules, please insure that the following instructions were followed:

Sign the attestation.

Enclose all Schedules and the attestation.

Report all dollar amounts in thousands.

Report numbers of shares and numbers of loans in units.

Report percents to 2 decimal places.

Write FDIC certificate number (found in upper right of label) on all returned forms which have no address label affixed.

(Name of officer authorized to sign statement)

(Title)

of the bank named herein do hereby certify that the information contained on SCHEDULES I, II, III, and IV (including all attachments) is true, to the best of my knowledge and belief.

(Area code - Phone number)

(Date)

(Signature of officer authorized to sign statement)

8330/01 (10-77)

8330/02 (1077)

DEFINITIONS AND
INSTRUCTIONS

SCHEDULE I

Survey of loans, $25,000 and over, secured by domestic bank or bank holding company stock

SCHEDULE II

Loans outstanding as of September 30, 1977 to Executive Officers,
Major Stockholders and Directors of other banks

SCHEDULE III - Loans outstanding as of September 30, 1977 to Executive Officers, Major Stockholders and Directors of the reporting bank, their business interests and their immediate families

SCHEDULE IV

Overdrafts

FEDERAL DEPOSIT INSURANCE CORPORATION

Definitions and Instructions for SCHEDULE I: SURVEY OF LOANS, $25,000 AND OVER, SECURED BY DO. MESTIC BANK OR BANK HOLDING COMPANY STOCK

All items in this Schedule should reflect transactions of the domestic offices of the reporting bank. Exclude any transactions of your foreign branches, foreign subsidiaries and Edge and Agreement subsidiaries.

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All banks must complete and return Section 1 (found on page 1) of SCHEDULE I even if the reporting bank has no loans which meet the criteria for reporting in SECTION 2 of Schedule I.

If more loans are to be reported in SECTION 2 of the Schedule than the space provided on pages 1-4, photocopy page 3 for reporting these additional loans.

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SECTION 1

Item 1.

Item 2.

Item 3.

Item 4.

Item 5.

2. Enter number of shares in units.

3. Report percents to 2 decimal places.

4. The FDIC certificate number (found in the upper right of the label on page 1) must be entered on the top of pages 2-4 to identify your report.

Total assets:

Should equal your bank's September 30, 1977 Domestic Report of Condition, Assets, item 16.
Total loans:

Should equal your bank's September 30, 1977 Domestic Report of Condition, Schedule A LOANS,
item A8 (Total loans, gross).

Gross demand deposits "due from" other domestic commercial banks:

Include in this item demand balances with banks in the United States, Puerto Rico and U.S. territories and possessions as defined in the Call Report Instructions for Schedule C, item 2 of the Domestic Report of Condition.

Note that the amount to be reported here is "gross", i.e., before deductions of reciprocal balances, whereas Schedule C, item 2 is reported net of reciprocal balances.

Exclude balances with U.S. branches and agencies of foreign banks, with foreign branches of U.S. banks and with foreign banks.

Report the daily average for the month of September, 1977.

Gross demand deposit "due to" other domestic commercial banks:

Include in this item demand deposits of banks in the United States, Puerto Rico and U.S. territories and possessions as defined in the Call Report Instructions for Schedule F, item 5 of the domestic Report of Condition.

Note that the amount to be reported here is "gross", i.e., before deductions of reciprocal balances, whereas Schedule F, item 5 is reported net of reciprocal balances.

Exclude balances of U.S. branches and agencies of foreign banks, of foreign branches of U.S. banks and of foreign banks.

Report the daily average for the month of September, 1977.

Total number of loans reported in SECTION 2:

Include in this item the total number of loans in SECTION 2, which are reported either on the printed forms or on additional copies.

SECTION 2.

Item:

If the bank has any loans currently outstanding which, individually or in the aggregate, are collateralized by 10 percent or more of the currently outstanding shares of any class of voting stock of other domestic banks or bank holding companies, provide the information requested in this Section on any individual loan so collateralized which meets the following conditions:

1. The loan has a current balance of $25,000 or more, and

2. The bank or bank holding company stock is the primary collateral for the loan.

LOAN NO.

Number the loans to be reported consecutively, e.g., a 1 for the first loan, a 2 for the second loan, etc. Keep a record of the loan to which the loan no. refers so that you can provide clarifying or additional information on this loan if requested.

Item A. Name:

Enter the current name of the domestic bank or bank holding company whose stock was pledged. Please spell out all numerals that are part of the name, e.g., FIRST, SECOND or THIRD.

Item B. City:

Enter the city of the main office of the institution listed in item A. Item C. State:

Enter the state of the main office of the institution listed in item A.

Item D. Self-explanatory.
Item E. Self-explanatory.

Item F. Gross demand deposits "due from" institution listed in item A

Enter the "gross" demand deposits, i.e., before deduction of reciprocal balances, held with the institution
listed in item A by the reporting bank.

If a holding company is listed in item A, enter the sum of "gross" demand deposits held with all directly
and indirectly held domestic bank subsidiaries of the bank holding company by the reporting bank.
Report the daily average for the month of September, 1977.

Item G. Gross demand deposits "due to" institution listed in item A

Enter the "gross" demand deposits, i.e., before deduction of reciprocal balances, held with the reporting
bank by the institution listed in item A.

If a holding company is listed in item A, enter the sum of "gross" demand deposits held with the reporting
bank by all directly and indirectly held domestic bank subsidiaries of the bank holding company.
Report the daily average for the month of September, 1977.

Item H. Self-explanatory.

Item 1.

Is the debtor currently an executive officer, major stockholder or director of the institution listed in item A or of any of its domestic affiliates?

Executive Officer refers to every employee of a bank or of a bank holding company who currently participates in or has authority to participate in major policymaking functions of the bank or of the bank holding company, regardless of title, salary or other compensation, or lack of salary or other compensation. The chairman of the board, the president, every vice-president, the cashier, secretary, and treasurer are assumed to be executive officers, unless the bank's or the bank holding company's bylaws or a board resolution excludes any such officer from participation in major policy-making functions.

Major Stockholder refers to a stockholder currently holding 10 percent or more of any class of voting securities.

Director refers to a person who has been appointed to or elected to a seat on a bank's or a bank holding company's current board of directors.

Item I 1. If item I is checked Yes, check appropriate box here:

Check the box "Executive officer" if the debtor is an executive officer of the institution listed in item A, even if he is also a major stockholder or a director.

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