Statistical Notices to Reporting Banks 2002/02
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 contact Bharti Mistry via e-mail at Bharti Mistry@bankofengland.co.uk or on 020 7601 3119.
- Cash Ratio Deposits (effective immediately)
- Dividers for Yellow Folder (effective immediately)
- Form BP definitions (effective immediately)
- Cross-form validations between Form QX and Form CL (amendment)
- Amendment to publication schedule (effective June 2002)
- Cross-form validations between Forms HI and QX (effective December 2002 reporting)
- Contents page for Yellow folder (update)
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 Wednesday 5 June, based on data reported on BT item 46 (Total Eligible Liabilities) for the months of November 2001 through to April 2002. The deadline for revisions to ELs to be reflected in the 5 June adjustment is 5pm on Tuesday 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 e-mail at sarah.waddington@bankofengland.co.uk or on 020 7601 5505.
2. Dividers for Yellow Folder (effective immediately)
We have recently had the dividers for the Yellow Folder re-printed.
If your set is in need of replacement, please contact Christine
Smith either via e-mail at chris.smith@bankofengland.co.uk or
on 020 7601 3247.
3. Form BP definitions (effective immediately)
It has come to our attention that one paragraph in the definitions for Form BP needs to be amended. This amendment will correct an error in the definitions and will not change the information that we intended to collect.
The current definitions state that the profit/loss section of the form "need only be completed by quarterly reporting institutions which have non-resident branches, subsidiaries or associates or which are themselves the UK branches, subsidiaries or associates of non-resident entities". In fact, as has been the case in practice, both quarterly and annual reporters should complete this section, if relevant. The wording in the definitions has also been slightly amended to clarify the fact that where a quarterly reporting institution reports profit/loss figures on Form BP the calendar year totals must be the same as the total on the Form BG. An amended page 10 of the definitions for Form BP can be found here. Should you have any queries relating to these amendments, please contact Will Kerry either via e-mail at will.kerry@bankofengland.co.uk or on 020 7601 4174.
4. Cross form validations between Form QX and Form CL (amendment)
The cross form validations between Form QX and Form CL, issued with Statistical Notice 2002/01, contained an error; the cross form validations between Form CL and Form QX were correct.
An amended page 18 of the Form QX cross form validations can be found here, should you have any queries relating to this change please contact Pat O’Connor either via e-mail at pat.o’connor@bankofengland.co.uk or on 020 7601 4450.
5. Amendment to publication schedule (effective June 2002)
The publication date for the "External business of banks operating in the UK" and "Consolidated world-wide external claims of UK-owned banks" press releases will be brought forward by approximately one week from the June publication dates.
An amended publication schedule can be found here. Should you have any queries relating to this change please contact Pat O’Connor as above.
6. Cross-form validations between Forms HI and QX (effective December 2002 reporting)
Following a review of the cross-form validations between Forms HI and QX, two cross-form validations have been amended; these are attached here (HI) and (QX).
Should you have any questions relating to these validation changes, please contact Mhairi Burnett, either via e-mail at mhairi.burnett@bankofengland.co.uk or on 020 7601 3519.
Please note that these cross form validations apply only to those reporters that are required to complete Section 1 of the Form QX. If you have any questions about the submission of these returns, please contact Julie Bigwood either via e-mail at julie.bigwood@bankofengland.co.uk or on 020 7601 4544.
7. Contents page for Yellow folder (update)
Attached.
Bank of England
Monetary & Financial Statistics Division
24 April 2002
