Statistical Notices to Reporting Banks 2004/03
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 contact Leigh Church (Tel. 020 7601 3644).
- Form BG (effective immediately)
- Form MM Validations (effective immediately)
- General Notes and Defintions (effective immediately)
- Cash Ratio Deposits (effective 1 June 2004)
- Reporting Schedule (effective end-July 2004)
- Form B1 defintions (effective end-December 2004 reporting)
- International Accounting Standards (update)
- Contents page for Yellow Folder (update)
1. Form BG (effective immediately)
Following the publication of Statistical
Notice 2004/02, dated
24 March, a formatting error was discovered within Form BG.
This has now been amended and the form (and validation form)
was updated on our Website when the error was discovered.
A copy of the validation form is attached for insertion in the Yellow Folder. If you have any queries relating to Form BG, please contact John Elliott (Tel. 020 7601 4174).
2. Form MM validations (effective immediately)
The Form MM (Specialist Mortgage Institutions, Analysis of Secured
Lending to Individuals & Individual Trusts), is now subject
to a formal validation, which corrects an informal validation
included in a previous version of the definitions.
Updated definitions and the new formal validations are attached and are also available on our website here.
If you have any queries relating to Form MM please contact Jennifer Franks (Tel. 020 7601 5614).
3. General Notes & Definitions (effective
immediately)
The text relating to data protection within the General Notes
and Definitions section of the Yellow Folder has been updated.
An amended
page is attached for insertion in the Yellow Folder.
4. Cash Ratio Deposits (effective 1 June 2004)
HM Treasury's review of the Cash Ratio Deposits scheme is now
complete. Part of the review was a consultation document
which
was sent to all institutions, and a summary of responses to
this consultation can be found on HMT's website here.
The conclusion of the review was to increase the threshold from £400 million to £500 million and to leave all other parameters unchanged. Parliament have approved the secondary legislation implementing these conclusions, which will come into force on 1 June 2004.
Therefore with effect from 1 June 2004, the level of each institution's CRD will be calculated twice yearly (in May and November) at 0.15% of average eligible liabilities (ELs) in excess of £500 million over the previous six end-calendar months.
The next adjustment to CRDs is due to take place on Tuesday 1 June, based on data reported on BT item 46 (Total Eligible Liabilities) for the months of November 2003 through to April 2004. The deadline for revisions to ELs to be reflected in the 1 June adjustment is 5pm on Thursday 20 May. Call notices will be issued shortly thereafter.
If you have any queries relating to CRDs, please contact Sarah Waddington (Tel. 020 7601 5505).
5. Reporting Schedule (effective July 2004)
A reporting schedule covering the period from July 2004 to June
2005 is available here.
6. Form B1 definitions (effective end-December
2004 reporting)
Following the publication of Statistical
Notice 2004/02, dated
24 March, an error was discovered within the definitions for
Form B1. This has now been amended and an updated page is attached
for insertion in the Yellow Folder (the definitions were updated
on our Website when the error was discovered).
If you have any queries relating to Form B1, please contact Vicki Black (Tel.020 7601 5573).
7. International Accounting Standards (update)
As announced in Statistical
Notice 2003/07, the Bank is looking
at the statistical implications of the new International Accounting
Standards. As part of this project, a meeting took place on
29 March between the Bank, the British Bankers' Association
and some member banks. At that meeting it was agreed that smaller
working groups would be formed to look at specific issues. Further
guidance on reporting will be provided in future Statistical
Notices.
8. Contents page for Yellow Folder (update)
Attached.
Bank of England
Monetary & Financial Statistics Division
7 May 2004
