Statistical Notices to Reporting Banks 2001/03
Statistical Notices should be received by all those responsible for the completion of Bank of England returns. To add names to the circulation list please e-mail Amanda White (tel. 020 7601 5500).
- Cash Ratio Deposits (effective immediately)
- Reporting thresholds for Form BT (effective immediately)
- Classification of accounts guide (effective immediately)
- Securities Dealers (effective immediately)
- Electronic reporting (effective immediately)
- Forms C1 and CC cross form validations (effective immediately)
- Reporting schedule (effective end-July 2001)
- Publication timetable (update)
- European Central Bank: Monetary Financial Institutions List (update)
- Contents page for yellow folder (update)
1. Cash Ratio Deposits (effective immediately)
Cash Ratio Deposits (CRDs) are non interest bearing deposits lodged with the Bank of England by eligible institutions (ie. banks and building societies), who have reported average eligible liabilities (ELs) in excess of £400 million over a six month calculation period.
The level of each institution's CRD is calculated twice yearly (in May and November) at 0.15% of average ELs in excess of £400 million over the previous six end-calendar months. The next adjustment to CRDs is due to take place on Friday 1 June, based on data reported on BT item 46 (Total Eligible Liabilities) for the months of November 2000 through to April 2001. The deadline for revisions to ELs to be reflected in the 1 June adjustment is 5pm on Monday 21 May, call notices will be issued shortly thereafter.
Amendments to BT item 46 can be made via the usual contacts, but must be confirmed either in writing or by re-submitting the form. If you have any queries relating to CRDs please contact Sarah Waddington via email or on 020 7601 5505.
2. Reporting thresholds for Form BT (effective immediately)
In advance of the implementation of the Banking Statistics Review in 1997, the Bank reviewed its reporting thresholds for balance sheet reporting, with a view to minimising the reporting burden on banks while providing us with sufficiently robust statistics to meet our customers' needs. This review suggested that only those banks with eligible liabilities over £60mn or footings over £600mn need report the balance sheet monthly, with the remainder being required to complete the balance sheet quarterly. However, at the time the Banking Supervisors were not prepared to accept this level of reporting and requested a threshold for monthly balance sheet reporting of £30mn eligible liabilities or footings of £300mn.
We have recently revisited these thresholds and the Financial Services Authority (FSA) have now agreed that we can raise the threshold for monthly reporting of the balance sheet to £60mn eligible liabilities or £600mn footings. However, the FSA may require some banks to continue to submit monthly balance sheet data, for supervisory purposes.
All reporters affected by this change have been written to. Reporting populations will continue to be reviewed on a regular basis, and any changes to our, or the FSA's, requirements will be informed in writing. An updated reporting panel criteria for the yellow folder can be found here. If you have any queries regarding your statistical reporting requirements please contact Julie Bigwood via e-mail at julie.bigwood@bankofengland.co.uk or on 020 7601 4544 or Sarah Waddington via e-mail at sarah.waddington@bankofengland.co.uk or on 020 7601 5505. Any queries on your supervisory reporting requirements should of course be addressed to your normal supervisory contact at the FSA.
3. Classification of accounts guide (effective immediately)
An amended Sector Definitions section of the classification of accounts guide can be found here. This has been re-released due to the reclassification of Scottish Enterprises and Scottish Homes (page 10) to central government in notice 2001/02 which was mistakenly still shown in public corporations within the guide.
4. Securities Dealers (effective immediately)
The list of securities dealers that was issued with statistical notice 2001/01 was retracted as it was found to contain errors. The list has been reviewed and an up to date list can be found here (pages 6, 6a, and 6b of the Sector Definitions section of the classification of accounts guide).
If you have any queries, or you need to make any significant reclassifications to your data following the re-issue of this list, please contact the Helpdesk on 020 7601 5360.
5. Electronic reporting (effective immediately)
ABIS Systems (Europe) Ltd have now been added to our list of recognised software houses. Their contact details are as follows:
ABIS Systems (Europe) Ltd
Albert Buildings
49 Queen Victoria Street
London
EC4N 4SA
Tel: 020 7489 8128
Fax: 020 7489 8117
E-mail: eric.scoles@abis-systems.com
During a recent enquiry, AT&T informed us of an additional number, 0845 912 2400, that can be used to log onto the mailbox. However, they have asked that this number be used only in an emergency, and that we continue to use 0845 912 2401.
Should you have any difficulties with either number, please contact Julie Bigwood on 020 7601 4544 or Sarah Waddington on 020 7601 5505.
6. Form C1 and Form CC cross form validations (effective immediately)
Following a review of cross form validations, those relating to Form C1 and Form CC (currently shown under Form C1 on the Internet version of the validations only) have been withdrawn.
7. Reporting schedule (effective end-July 2001)
Reporting schedules covering the period end-July 2001 to end-June 2002 can be found here;
Full reporting schedule
UK incorporated BT monthly reporters
UK incorporated BT quarterly reporters
Non-resident branch reporters
8. Publication timetable (update)
Please note that the publication date of the press release 'Consolidated world-wide external claims of UK-owned banks', covering data for the quarter to end-December 2001, has been brought forward to 28 March 2002.
9. European Central Bank: Monetary Financial Institution List (update)
The European Central Bank issues an updated list of Monetary Financial Institutions, on a regular basis via their website. This list can be found at www.ecb.int/mfi/mfi.htm or by entering their website www.ecb.int and selecting 'MFIs and Assets'.
10. Contents page for insertion in the yellow folder
(update)
can be found here.
Bank of England
Monetary & Financial Statistics Division
4 May 2001
