Guidelines for the submission of the Weekly Consolidated Report of Condition and Consolidated Statement of Condition

MEMORANDUM Series of 1997

TO ALL SMBs, PDBs AND SSLAs

Relative to Circular Letter dated April 30, 1997 which implements the guidelines for the submission of the Weekly Consolidated Report of Condition and Consolidated Statement of Condition in diskette media, the schedule for submission of the initial reports to be observed by Savings and Mortgage Banks and Private Development Banks is extended as follows:

Report Form

Reporting Period Covered

Deadline for Submission

CDRC

Week covering June 27-July 3,  1997

6th banking day after end of reference week

CSOC

Month ended July, 1997

15th banking day after end of reference month

The extension of the deadline for submission should enable banks concerned to make structural adjustments in their reports and align their programs with the system designed by BSP-ITD.

In the meantime, the following reports shall continue to be submitted in the same format/structure until diskette file reporting is required-

Name of Report           Industry 1. CSIE                         -SMBs, PDBs, and SSLAs 2. CSOC                       -SSLAs 3. CDRC                       -SSLAs

ALBERTO V. REYES Deputy Governor