Statistical Notices to Reporting Banks 2005/05

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Statistical Notices should be received by all those responsible for the completion of Bank of England returns. To amend the circulation list please contact Stuart Jordeson (Tel. 020 7601 3644).

Reporting of depreciation on Form BT (effective immediately)
Form RSL (effective immediately)
Reclassification of Housing Associations for Forms ER and PL (effective by October 2005 reporting)
Amendment to Forms CE, C1 and B1 regarding International Organisations (effective end-December 2005 reporting)
Classification of Brass Plate companies on Forms CC, CL, CE, C1 and B1 (clarification)
Statistical Reporting Seminars (information)
Contents page for Yellow Folder (update)

1. Reporting of depreciation on Form BT (effective immediately)

The current guidance for the reporting of depreciation in item 35B and 19C on the Form BT has been updated. The following clarification has been made to the definitions for item 35B:

‘ Fixed assets such as premises and equipment should, preferably, be reported net of depreciation, in which case a corresponding negative entry for depreciation must be reported under internal accounts (item 19C on form BT)'

Amended pages of the Form BT definitions are attached for insertion in the Yellow Folder. If this clarification results in a significant amendment (over £50mn) to your reporting, or if you have any queries relating to these changes please contact Alison Franklin (Tel. 0207 601 5356).

2. Form RSL (effective immediately)

To make the Form consistent with its definitions, the Form RSL (Gilt Repo and Stock Lending Activity) has been amended. The title of part 3 of the form has been amended from “Outstandings: Market Value of Outstanding Transactions by Residual Maturity at the Quarter End” to “Outstandings: Current Value of Outstanding Transactions by Residual Maturity at the Quarter End”.

This form is reported only by those institutions requested to do so by the Bank, and all current reporters will be sent a copy of the amended form. If you have any queries relating to the submission of this form, please contact Leslie Lambert (Tel. 020 7601 4544).

3. Reclassification of Housing Associations for Forms ER and PL (effective by October 2005 reporting)

Statistical Notice 2005/03, dated 13 May 2005, noted the reclassification of Housing Associations and the subsequent changes to reporting for Forms BE and QX. This reclassification also affects Forms ER and PL.

With effect from October 2005 reporting at the latest, Housing Associations should be reclassified from Non-profit institutions serving households (PL Items PL1BL, PL1CL, PL2BL, PL2CL and ER Items ER32-38, ER68-69, ER77, ER88 and ER124-127) to be Non-financial corporations other than Public Corporations (PL Items PL1BJ, PL1CJ, PL2BJ, PL2CJ and ER Items ER19-24, ER49-53, ER75, ER82-84 and ER101-112).

The industrial classification of Housing Associations is unchanged for Item PL1BJD.

If you have any queries relating to classification please contact the Help Desk on 020 7601 5360.

4. Amendment to Form CE, C1 and B1 regarding International Organisations (effective end-December 2005 reporting)

For statistical reporting purposes, business with International Organisations should be excluded from the country analysis and recorded separately. For this reason, on Form CE, a local claim cannot be recorded against an International Organisation, and these boxes have been blocked out. However, it has come to our attention that the risk transfer boxes relating to local claims on International Organisations have not been blocked out and the form has now been updated to correct this omission.

In addition, in Statistical Notice 2004/01, item 7 stated that Banking International organisations should be classified as public sector on Form CE, C1 and B1 from end-December 2004. As such, the boxes relating to the banking sector against ENTO and ONTO have been blocked out. However, as above, we had not crossed out the inward and outward risk transfer boxes for this sector against ENTO and ONTO on Forms CE, C1 and B1 and these have now been updated to reflect this change. We have also made the appropriate amendment to the internal validations for these forms.

Amended copies of the validation forms (CE, C1, B1), as well as amended pages of the internal validations (CE, C1, B1) are attached for insertion in the Yellow Folder.

Amended versions of the relevant reporting forms can be found here (CE, C1, B1). If you have any queries relating to these changes please contact Kerry Baker (Tel. 020 7601 3754).

5. Classification of Brass Plate Companies on Forms CC, CL, CE, C1 and B1 (clarification)

The term "brass-plate" refers to companies that do not have an operational presence within a country, but merely have an address there. For statistical reporting purposes, any deals with such entities should be reported against the country where the underlying business is operating, not the country of the brass plate. This shows where the risk lies on an immediate borrower basis and this does not alter the treatment of subsequent risk transfers on Forms CE, C1 and B1.

This guidance is consistent with that given in part II of the Classification of Accounts Guide (page 3) and is now being added to the definitions for Forms CC, CL, CE, C1 and B1 for ease of reference.

Amended definitions of these forms can be found here (CC, CL, CE, C1 and B1) for insertion in the Yellow Folder. If you have any queries relating to these changes please contact Kerry Baker (Tel. 020 7601 3754).

6. Statistical Reporting Seminars (information)

We will be running some briefing seminars later in the year, which will broadly consist of:

Half day overview (afternoon of Wednesday 23 November)
This seminar is aimed at those with hardly any experience of reporting to the Bank, and we aim to give an overview of why and how we collect the data, what we do with it, and the rationale behind statistical reporting and cash ratio deposits requirements. The afternoon will include:
Data Reception
Cash Ratio Deposits
Outputs (including Bankstats and the Internet)
General overview of forms
General overview of EMU forms

Half day specific forms (afternoon of Monday 28 and morning of Tuesday 29 November)
These seminars are aimed at those with little experience in compiling statistical forms, and we will be asking reporters to identify any specific problem areas which we could usefully cover.
On the afternoon of 28 November we will cover Forms BT, BE, Q1(D), AD, AL and QX. On the morning of 29 November we will cover the “C” Forms as well as the PL, P1, BG, HI, HO and ER. As relatively few banks complete the Form ER, we will probably take this at the end of the morning to allow others to leave.

More detailed agendas will be circulated nearer the time so that reporters can make an informed decision about whether to attend. Details of how to book a place will be circulated in a future Statistical Notice.

7. Contents page for Yellow Folder (update)
Attached.

Bank of England
Monetary & Financial Statistics Division
2 August 2005