Statistical Notices to Reporting Banks 2004/07
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).
- Cash Ratio Deposits (effective immediately)
- Internet version of the Yellow Folder (effective immediately)
- Definitions for Forms B1 and C1 (effective immediately)
- Reporting of certificates of deposit (effective end-November 2004 reporting)
- Reporting of custody holdings of paper on behalf of Euroclear and Clearstream (effective end-November 2004 reporting)
- Reporting of write-offs on Form QX (reminder)
- Seminars (reply by 30 November)
- Technical specification for electronic reporting for new Form BSD3 (effective 1 January 2005)
- Cost benefit analysis (information)
- Form CE "frequently asked questions" page (information)
- 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 £500 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 £500 million over the previous six end-calendar months. The next adjustment to CRDs is due to take place on Wednesday 1 December, based on data reported on BT item 46 (Total Eligible Liabilities) for the months of May through to October 2004.
The deadline for revisions to ELs to be reflected in the 1 December adjustment is 5pm on Wednesday 17 November, 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 (Tel. 020 7601 5505).
2. Internet version of the Yellow
Folder (effective immediately)
Over the next few weeks we will be reformatting the files of
the internet version of the Yellow Folder (available
here), from Microsoft Word and Excel to Adobe Acrobat format.
We hope this change will make it easier to download and print
the files from our website; Excel
versions of the Forms will continue to be available here
If you have any queries, or are unable to download any of the files please contact Sarah Waddington (Tel.020 7601 5505)
3. Definitions for Forms B1 and
C1 (effective immediately)
An error has been discovered within the definitions for Forms
B1 and C1. This affects reporting in columns 4 to 4.14 for Form
C1 and columns 3 to 3.14 for Form B1, and is within the section
titled 'unused external commitments'. The text has been changed
from:
Include only those commitments that, if utilised, would
qualify for inclusion in column 1
to
Include only those commitments that, if utilised, would
qualify for inclusion in column 1 or 2.1
Amended pages of the definitions for both forms (B1
198k),
C1
(230k) ) are attached for insertion in the Yellow Folder. If
you have any queries relating to these changes please contact
Kerry Baker
(Tel. 020 7601 3754).
4. Reporting of certificates of
deposit (effective end-November 2004 reporting)
Following discussions with several banks regarding the changes
to the certificate of deposit (CD) market, we thought it was
necessary to clarify the definitions for the reporting of CDs.
For statistical purposes, holdings of CDs should be reported
as such on the Form BT only if they have been issued by banks
or building societies (UK-resident and non-resident). These
items should be reported under BT items 23E for UK-resident
banks, 23GA for UK-resident building societies and 23L for non-resident
banks. Other instruments regarded as CDs but which are issued
by entities other than banks and building societies, should
be included with other paper issued by these entities (BT item
26F for other UK residents and 26GB for non-residents).
Revised pages for the
Form BT definitions are attached
(425k) for insertion in the Yellow Folder. If this clarification
results in a significant amendment (over £10mn) to your
reporting, or if you have any questions regarding the reporting
of CDs please contact Alison
Franklin (Tel. 0207 601 5356).
5. Reporting of custody holdings
of paper on behalf of Euroclear and Clearstream (effective
end-November 2004 reporting)
If any UK resident banks act as depositories for the Euroclear
or Clearstream clearing systems it is usually not possible for
the depository to distinguish which individual institutions
own the paper in these clearing systems. Custody holdings reported
in the appendix to the Form BT should only be reported if the
reporting institution knows that a non-resident counterparty
owns these items. As UK-residents can hold paper in both the
Euroclear and Clearstream systems, and it is not possible to
distinguish these holdings from those of non-residents, institutions
acting as depositories of paper on behalf of the Euroclear and
Clearstream systems should no longer report this paper in the
appendix to the Form BT. Items directly owned by Euroclear Bank
should be reported as usual. This change will take effect for
the reporting of end-November 2004 forms during December 2004.
Revised pages for the Form
BT definitions are attached
(425k) for insertion in the Yellow Folder. If you have any queries
please contact Alison
Franklin (Tel. 0207 601 5356).
6. Reporting of write-offs on Form
QX (reminder)
Banks that have reported write-offs in Section Four of the Form
QX during any quarter in 2004 are reminded that they are also
required to report Section Five of the Form QX with their December
return. As Section Five is completed on an annual basis, it
contains a full sector analysis of all write-offs to UK residents
that have been reported in Section Four of the Form QX during
2004. Therefore, if you have reported write-offs to UK residents
in Section Four (item XKQ) in any quarter of 2004, the total
reported in Section Five (item XK) would be the sum of all write-offs
to UK residents reported during 2004 in item XKQ in Section
Four.
If you have any questions regarding the reporting of write-offs please contact Alison Franklin (Tel. 020 7601 5356).
7. Seminars (replies
by 30 November)
We will be running some briefing seminars at the start of next
year, which will be broadly as follows:
Half day for beginners (afternoon of 24/02/05)
Data Reception
CRDs
Outputs
Internet
General overview of forms (specifically BT, PL)
General overview of EMU forms
Half day specific forms (afternoon 25/02/05)
BG, DQ, ER, HI, HO, PL, "C" Forms
Half day specific forms (afternoon of 01/03/05)
BT, BE, Q1(D), AD, AL, QX
We are keen to know which session(s) you would be most interested in and whether we have included the topics you would want, so the above should be regarded as a provisional outline. As before, the seminars will be held in the Conference Centre here at the Bank. For your convenience a form for your reply is attached, or alternatively, please contact Amy Varty (Tel. 020 7601 5502) indicating which session(s) you would be interested in, and if there are any specific subjects you would like covered or general questions you would like answered.
If you need wheelchair access, or have any other particular requirements please let us know as soon as possible. Final agendas for the seminars, as well as exact dates and how to book a place will be set out in a future notice.
8. Technical specification for electronic
reporting for new Form BSD3 (effective 1 January 2005)
The technical
specification for electronic reporting has been updated
with the new Form BSD3, and is available on our website. This
version should be used for the first time for completion of
forms as at 31 January 2005 and beyond. Returns as at
31 December 2004 should be submitted using the current version
of the form.
If you have any queries relating to the reporting of Form BSD3, please contact your FSA Associate. If you have any queries relating to the submission of the form, please contact Julie Bigwood (Tel. 020 7601 4544).
9. Cost benefit analysis
(information)
In April 2004, the Bank published a "Statistical
Code of Practice for the Bank of England" (available
as a pdf file on our website). Under Section 6 'Respondent Burden'
we state that "Respondent burden will be kept to an acceptable
level consistent with legislative requirements and balancing
the needs of users against the demands on suppliers". In
order to ensure compliance with this commitment MFSD is starting
work on a project examining the costs and benefits of its statistics.
The project will investigate whether we can formulate and adopt
a methodology for assessing the costs and benefits of collecting
both existing and potential new data. One aspect of investigating
the costs of statistics will involve gaining a better understanding
of the cost drivers in banks' statistical reporting areas. We
would like to do this by visiting banks to discuss their reporting
costs.
If your bank would be interested in feeding its views on reporting costs into this project please contact Mhairi Burnett (Tel. 020 7601 3519).
10. Form CE 'frequently asked questions'
page (information)
In response to a number of queries from reporters regarding
the implementation of Form CE from end-December 2004, a 'frequently
asked questions' page has been set up on our website
If you have any queries relating to Form CE, please contact Kerry Baker (Tel. 020 7601 3754).
11. Contents page for Yellow
Folder (update)
Attached
(84k) .
Bank of England
Monetary & Financial Statistics Division
10 November 2004
