To: ALL TENNESSEE STATE CHARTERED BANKS
SUBJECT: Quarterly Call Reports - Filing and Publication Requirements
Dated February 18, 1997
In our continuing efforts to reduce regulatory reporting burden, I am pleased to
announce that state chartered banks and savings banks will no longer be called
upon to file quarterly Reports of Condition and Income (call reports) with this
department. It has been determined that the quarterly filings of this
information with your appropriate federal regulatory authority will satisfy the
requirements of Tennessee Code Annotated, Sections 45-2-1604(a) and (b) (1).
Access to such data is available to the department through its direct linkage
with the FDIC's data base.
Additionally, for those banks and savings banks which exercise trust powers, it
will no longer be necessary to file with this department a copy of the Annual
Report of Trust assets, FFIEC Form 001, as such information is also attainable
from the FDIC's data base.
Notwithstanding the above, state chartered banks and savings banks will still be
required to publish at least twice a year in a newspaper of general circulation
distributed in the city or county where the main office is located, a statement
of assets and liabilities as of the close of business, June 30 and December 31,
as stipulated in Tennessee Code Annotated, Section 45-2-1604(b)(2). Proof of
such publication to this office is no longer required; however, compliance with
this provision will be monitored by the staff of the Tennessee Department of
Financial Institutions at all future examinations/visitations of your
institution.
This Bulletin takes effect immediately. If you have questions regarding this
Bulletin, please contact Assistant Commissioner Derek Carrier at 615/741-6013.
Signed: Bill C. Houston, Commissioner
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