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1. Balance at beginning of year 1.

2. Net income transferred to undivided profits........

3. Preferred stock and common stock sold (par or face value).

4. Stock issued incident to mergers and acquisitions.....

5. Premium on capital stock sold

6. Additions to, or reductions in, surplus, undivided profits, and reserves incident to mergers... 7. Cash dividends declared on preferred stock. 8. Cash dividends declared on common stock.. 9. Stock issued in payment of stock dividendshares at par value..

10. All other increases (decreases) 2..

11. Net increase (decrease) for the year..

12. Balance at end of year.......

D. STATEMENT OF CHANGES IN FINANCIAL
POSITION

A statement of changes in financial position shall be filed for each period for which

'If the statement is filed as part of an annual or other periodic report and the balances at the beginning of the period differ from the closing balances as filed for the fiscal period, state in a footnote the difference and explain. See Note at § 335.71A(5)(b) for explanation of requirement that undivided profits be retroactively restated as of the effective date of this amended Regulation.

2State separately any material amounts considered to be capital adjustments under generally accepted accounting principles, indicating clearly the nature of the transaction out of which the item arose.

an income statement is required to be filed. The statement of changes in financial position shall summarize the sources from which funds have been obtained and their disposition. Material changes in the components of net funds shall be shown in the statement or in a supporting tabulation. As a minimum, the following shall be reported: (a) Source of funds.

(i) Current operations (showing separately net income or loss and the addition and deduction of specific items which did not require the expenditure or receipt of funds; e.g., depreciation and amortization, deferred income taxes, undistributed earnings or losses of unconsolidated persons, etc.,

(ii) Sale of noncurrent assets (identifying separately such items as investments, fixed assets, intangibles, etc.),

(iii) Issuance of debt securities or other long-term debt,

(iv) Issuance or sale of capital stock; (b) Disposition of funds.

(i) Purchase of noncurrent assets (identifying separately such items as investments, fixed assets, intangibles, etc.),

(ii) Redemption or repayment of debt securities or other long-term debt,

(iii) Redemption or purchase of capital stock,

(iv) Dividends;

(c) Increase (decrease) in net funds.

E. SCHEDULES

SCHEDULE I.-U.S. Treasury securities, securities of other U.S. Government agencies and corporations, and obligations of States and political subdivisions

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E. SCHEDULES-Continued

SCHEDULE I.-U.S. Treasury securities, securities of other U.S. Government agencies and corporations, and obligations of States and political subdivisions -Continued

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'State briefly in a footnote the basis for determining the amounts in this column.

*Include obligations of the States of the United States and their political subdivisions, agencies, and instrumentalities; also obligations of territorial and insular possessions of the United States. Do not include obligations of foreign states.

'State in a footnote the aggregate (a) principal amount, (b) book value, and (c) market value of securities that are less than "investment grade". If market value is determined on any basis other than market quotations at balance sheet date, explain. SCHEDULE II.-Other securities

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1State briefly in a footnote the basis for determining the amounts shown in this column. 'State in a footnote the aggregate amount and book value of foreign securities included. 'State in a footnote the aggregate (a) principal amount, (b) book value, and (c) market value of bonds, notes, and debentures that are less than "investment grade". If market value is determined on any basis other than market quotations at balance sheet date, explain.

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'If impractical to consolidate foreign branch and foreign subsidiary bank premises and equipment in accordance with the breakdown required by this schedule, a separate caption stating the total amount of all such property may be inserted. Such caption should be explained appropriately in a footnote.

*State the basis of determining the amounts in col. A.

If provision for depreciation and amortization is credited in the books directly to the asset accounts, the amounts for the last fiscal year shall be stated in an explanatory footnote.

"The nature and amount of significant additions (other than provisions for depreciation and amortization) and deductions from depreciation accounts shall be stated in an explanatory footnote.

Show totals (corresponding to Cols. A and B) representing amounts reported for Federal income tax purposes.

SCHEDULE V.-Investments in, income from dividends, and equity in earnings and loss of unconsolidated subsidiaries

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'Equity shall include advances reported in col. B to the extent recoverable.

2State as to any dividends other than cash the basis on which they have been reported as income. If any such dividend received has been credited to income in an amount differing from that charged to surplus and/or undivided profits by the disbursing subsidiary, state the amount of such difference and explain.

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Balances at beginning of

period

Recoveries credited to

allowance..

Additions due to mergers and

absorptions 2

Transfers to allowance:

From income

Amount set up
pursuant to
Treasury tax
formula

Losses charged to allowance
Balance at end of period 3.

Other amount 1

'Do not include any provision for possible loan losses that the bank establishes as a precautionary measure. Include only any provision that (1) has been established through a charge against income and (2) represents management's judgment as to possible loss or value depreciation.

'Describe briefly in a footnote any such addition. State in a footnote (1) the amount deducted for Federal income tax purposes; (2) the maximum amount that could have been deducted for Federal income tax purposes; and (3) the balance of the allowance at the end of the period as reported for Federal income tax purposes.

SCHEDULE VIII-Amounts receivable from directors, officers, employees, and principal holders (other than affiliates) of equity securities of the bank and its affiliates

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'Include in this schedule both accounts receivable and notes receivable and provide in a note hereto pertinent information, such as the due date, interest rate, terms of repayment and collateral, if any, for the amounts receivable from each person named in column A as of the date of the most recent balance sheet being filed.

4f collection was other than in cash, explain.

Instruction. A schedule in the above format shall be filed showing the aggregate amounts of indebtedness of more than $20,000 or 1 percent of total assets, which

ever is less, of each director, officer, or principal holder (other than affiliates) of equity securities of the bank and its affiliates that are receivable or were receivable at any time

during the period for which related income statements are required to be filed. It shall not be necessary to disclose a loan or extension of credit to any person made in the ordinary course of business that (i) was made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons, and (ii) did not involve more than normal risk of collectibility or present other unfavorable features. Notwithstanding the foregoing, disclosure shall be made if at any time during the period for which related income statements are required to be filed there existed

plicable rules and regulations of the banking regulatory agencies to which the bank is subject;

(B) Indebtedness of any director or any principal holder (other than affiliates) of equity securities of the person and its affiliates in an amount which exceeded 10 percent of the stockholders' equity of the bank;

or

(C) Indebtedness of all directors and principal holders (other than affiliates) of equity securities of the person and its affiliates as a group which exceeded 20 percent of the stockholders' equity of the bank.

For purposes of this schedule the term "officer" shall be defined as provided by § 335.2(s).

(A) Indebtedness of any officer in an amount which exceeded the maximum loan or extension of credit permitted under apSchedule IX-Supplementary Income Statement Information1

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'State, for each of the items noted in column A which exceeds 1 percent of total revenues as reported in the related income statement, the amount called for in column B.

Totals may be stated in column B without further designation of the accounts to which charged.

'State separately each category of tax which exceeds 1 percent of total revenues.

"Include rents applicable to leased personal property.

'This item shall include all costs related to advertising the company's name, products or services in newspapers, periodicals or other advertising media.

"State separately each category of cost amortized.

[40 FR 47346, Oct. 8, 1975; 41 FR 4898, Feb. 3, 1976, as amended at 41 FR 25888, June 23, 1976; 41 FR 35477, Aug. 23, 1976; 43 FR 60570, Dec. 28, 1978]

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operating expense shall not be less than the amount computed under one of the elective methods set forth in subitem (2).

(2) The bank may elect in 1969, and thereafter consistently use for financial reporting purposes, one of the following methods for allocating loan losses to operating expense:

(A) Average ratio of loss over the past five years applied to average loans outstanding during the current year. Ratio of loss shall be the single decimal quotient of total net chargeoffs (losses less recoveries) and total average loans for the five most recent years, including the current year.

(B) Average ratio of loss on a forward moving average beginning with the year 1969 applied to average loans outstanding during the current year. Ratio of loss shall be the single decimal quotient of total net chargeoffs and total average loans for the

number of years beginning with 1969 and ending with the year of report. In 1973, banks which elect the forward moving average method will compute the minimum allocable credit loss expense on the same basis as banks which elect method (1).

NOTE: For purposes of Item 2(A) and Item 2(B), average annual loans outstanding shall include Federal funds sold and securities purchased under agreements to resell, and (2) may be computed on any reasonable schedule of frequency. In the absence of other procedures "Other loans", and "Federal funds sold and securities purchased under agreements to resell", as reported in Statements of Condition called by supervisory authorities, shall be averaged.

(C) Actual net chargeoffs as experienced in the current year.

(3) An estimated amount for loan losses allocable to operating expense in excess of the minimum amount computed as instructed in subitem (2) should be provided when judged appropriate in the opinion of management.

(4) Furnish in a note to financial statements an explanation of the basis for allocating loan losses to operating expenses including (A) the method followed, and (B) amount added at the discretion of management, if any.

(5) The amount may be expressed in even dollars or thousands of dollars.

(6) Banks which do not provide for loan losses on a reserve basis shall include the amount of actual net chargeoffs (losses less recoveries) for the current year.

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quired to file statements. 336.735-32 Employees not required to submit statements.

336.735-33 Time and place for submission of employees' statements. 336.735-34 Supplementary statements. 336.735-35 Criteria to determine who must submit statements.

336.735-36 Information not known by employees.

336.735-37 Information prohibited.

336.735-38 Confidentiality of employees'

statements.

336.735-39 Effect of employees' statements on other requirements.

336.735-40 Specific provisions or regulations for special Corporation employees. 336.735-41 Reviewing statements and reporting conflicts of interest.

336.735-42 Disciplinary and other remedial actions.

AUTHORITY: E.O. 11222; 3 CFR, 1964-1965 Comp.; 5 CFR 735.104.

SOURCE: 31 FR 5751, Apr. 14, 1966, unless otherwise noted.

Subpart A-General Provisions

§ 336.735-1 Purpose.

The maintenance of unusually high standards of honesty, integrity, impartiality, and conduct by Corporation employees and special Corporation employees is essential to assure the proper performance of the Corporation business and the maintenance of

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