Further Revisions of Thrift Bank Reports Prescribed under BSP Circular No. 50 dated October 6, 1994

CIRCULAR LETTER Series of 1997

TO : All Thrift Banks

SUBJECT : Further Revisions of Thrift Bank Reports Prescribed under BSP Circular No. 50 dated October 6, 1994

REPORT FORMAT REVISIONS

Further to the report revisions under BSP Circular No. 50 dated October 6, 1994, the following reports are hereby revised, as follows:

A. Consolidated Daily Report of Condition (CDRC, TB Form 1-Annex IB)

1. To include in the main CDRC report the following data:

a. "Due from Local Banks — Clearing Account" as Record No. 030 cdasia b. "Returned Checks Delivered to BSP Clearing" as Record No. 540 and c. Returned Checks received from BSP Clearing" as Record No. 550.

The above items b and c are to be accomplished only by thrift banks authorized to participate directly in the BSP/PCHC clearing facilities.

2. To declare sub-classification of the following liability accounts into those with original maturities of 730 days or less and those original maturities of more than 730 days, as follows:

a) TIME CERTIFICATES OF DEPOSITS: Change Record No. 415, "With original maturities of 730 days or less" to read as "Non-negotiable Certificates of Time Deposits"; and delete Record No 416, "With original maturities of more than 730 days".

b) TIME CERT. OF DEPOSITS-SPECIAL FINANCING: Delete Record Nos. 427, With original maturities of 730 days or less" and 428, "With original maturities of more than 730 days".

c) DEPOSIT SUBSTITUTE & INTERBANK BORROWINGS: Change Record No. 441, "DS with original maturities of 730 days or less" to read as "Deposit Substitutes"; and delete Record Nos. 442, "DS with original maturities of more than 730 days" and 443, "Deposit Substitutes-Interbank Borrowings".

d) TOTAL GOVERNMENT FUNDS SUBJECT TO LEGAL RESERVES, DEPOSIT LIABILITIES: Delete Record Nos. 610, "Demand Deposits, 611, "SA & TD with original maturities 730 days"; and insert Record Nos. 610, Demand, Savings, NOW and Time" and 616, Negotiable Certificates of Deposits". BILLS PAYABLE: Delete Record Nos. 625, "With original maturities of 730 days or less" and 630, "With orig. maturities of more than 730 days".

3. To revise the existing Sch. 1A report, "Eligible Philippine Government Securities Utilized as Reserves against Deposit Substitutes, CBP 7-26-05.3", into a report format called "Government Securities Held for Legal Reserves and Liquidity Floor".

4. To adopt as Sch. 1B, the "Schedule of Other Non-Risk Assets".

B. Sch. 2B, Loan Portfolio and Other Accommodations" of the monthly-submitted "Consolidated Statement of Condition" (CSOC, TB Form 2-Annex 2B)

1. In Item II A of Sch. 2B (renumbered as II D), classification as to type of borrowers, to include an enumeration of the list of 14 Government Corporations and their subsidiaries, as follows:

a) Philippine National Oil Company (PNOC) b) National Power Corp. (NPC) c) National Electrification Adm. (NEA) d) Phil. Ports Authority (PPA) e) Phil. National Railways (PNR) f) Metro Manila Transit Corp. (MMTC) g) National Irrigation Adm. (NIA) h) Metropolitan Waterworks and Sewerage System (MWSS) i) Local Water Utilities Adm. (LWUA) i) National Housing Authority (NHA) k) Export Processing Zone Authority (EPZA) l) National Development Corp. (NDC) m) Light Rail Transit Authority (LRTA) n) National Food Authority (NFA)

2. In item II E renumbered as II C), classification as to security, to include further breakdown of data on secured/unsecured DOSRI and Non-DOSRI loans into outstanding balance, current, past due, items in litigation and booked valuation reserves, if any.

3. To delete Item III, "TYPE CREDIT INSTRUMENTS".

4. To delete Item IV, "ADDITIONAL INFORMATION ON NON-RISK ASSETS".

C. Sch. 2D, page 4, "Schedule of Deposit Liabilities (Classified by Size of Account)" of the CSCO (also Annex 2B)

— To change the reporting of Peso amount of the deposit liabilities from Amount in Actual Figures" to "In Thousand Pesos".

D. Consolidated Statement of Income (CSI, TB Form 5) and Statement of Income by Banking Unit (TB Form 6)

— To change the frequency of report submission from semestral to quarterly.

DISKETTE REPORTING

Additionally, all thrift banks shall submit the following reports in diskette media, starting on the following reporting periods:

Report Form

Reporting Period Covered

Deadline for Submission

SMBs & PDBs:

SSLAs:

CDRC

Week covering May 2-8, 1997

Week covering Aug. 1-7, 1997

6th banking days after end or reference week

CSOC

Month ended May 31, 1997

Month ended Aug. 31, 1997

15th banking day after end of reference month

CSI

Quarter ended Sept. 30, 1997

Quarter ended Sept. 30, 1997

15th banking day after end of reference quarter

The corresponding instructions for diskette reporting of the CDRC and CSCO are herein attached as Annexes 1 and 2, respectively. The foregoing revisions in the report formats shall be incorporated effective upon the required report submission in diskette form, except for Sch. 1A of the CDRC, "Government Securities Held for Legal Reserves and Liquidity Floor", which shall be submitted by all thrift banks in manual/hardcopy form starting with the weekly report covering April 25 to May 1, 1997.

ALBERTO V. REYES Deputy Governor