To require thrift banks to submit Year 2000 (Y2K) compliant reports

CIRCULAR LETTER Series of 1999

TO : All Thrift Banks

Effective June 30, 1999, BSP shall require thrift banks (TBs) to submit Year 2000 (Y2K) compliant reports. To assist banks in complying with this requirement particularly on reports submitted in diskette media, revised file structures of the existing reports are hereby circularized.

Pilot submission of the revised file structures are scheduled as follows:

Existing Report Form

Reporting Period Covered

Scheduled Date of Submission

Consolidated Daily Report of Condition (CDRC)

Week ended July 1, 1999

July 9, 1999

Report on Peso Denominated Common Trust Funds and Other Similarly Managed Funds (CTF)

Week ended July 1, 1999

July 6, 1999

Report on Trust and Other Fiduciary Accounts (TOFA)

Week ended July 1, 1999

July 6, 1999

Consolidated Statement of Condition (CSOC)

Month ended June 30, 1999

July 21, 1999

Consolidated Statement of Income and Expenses (CSIE) Quarter ended June 30, 1999  July 21, 1999

ALBERTO V. REYES Deputy Governor