To rationalize the reporting requirements for thrift banks, as well as to reduce the administrative burden in the preparation of reports

CIRCULAR NO. 50 Series of 1994

TO : All Thrift Banks

In line with the objective of the Bangko Sentral ng Pilipinas to rationalize the reporting requirements for thrift banks, as well as to reduce the administrative burden in the preparation of reports, the Monetary Board in its Resolution No. 927 dated September 21, 1994, approved the following revisions in the reporting requirements for thrift bank:

Effective September 30, 1994:

1. Discontinue submission of the reports indicated in ANNEX A.

2. Change frequency in submission of the reports indicated in ANNEX B.

Effective March 1, 1995:

1. Discontinue submission of the reports indicated in ANNEX C.

2. Adopt the re-numbering of periodic reports indicated in ANNEX D.

3. Adopt the attached format for the following reports:

a. Consolidated Daily Report of Condition (CDRC) — TB Form 1 (formerly SES-II Form 1), which may also be reported in diskette form. (ANNEX E-1)

b. Consolidated Statement of Condition (CSOC) — TB Form 2 (formerly SES II Form 2), with Schedules 2A to 2L. (ANNEX E-2)

c. Consolidated Report on Compliance with Individual Ceiling on Direct Credit Accommodations to Directors/Officers/Stockholders — TB Form 8 (formerly SES-II Form 8). (ANNEX E-3)

d. Consolidated Report on Compliance with Aggregate Ceiling on Credit Accommodations to Directors/Officers/Stockholders and Related Interests — TB Form 9 (formerly SES-II Form 9). ANNEX E-4)

e. Report on Credit/Equity Exposures to Individuals/Companies/Groups Aggregating P5M and Above — TB Form 15 (formerly Report on Credit/Equity Exposures to Individuals/Companies/ Groups Aggregating P1M/P20M and Above, SES-II Form 23). (ANNEX E-5)

f. Consolidated Statement of Foreign Exchange Assets and Liabilities — FED Form 1A for TBs (formerly IOS Form 1A for TBs), with Schedules 1 to 5. (ANNEX E-6)

Thrift banks shall continue to submit to the departments concerned under existing arrangements all other reports/schedules which are not mentioned above.

EDGARDO P. ZIALCITA Officer-in-Charge