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(NAR) VOL. 9 NO. 3 / JULY - SEPTEMBER 1998

[ BSP MEMORANDUM, June 22, 1998 ]

ACCOUNTS ON RESTRUCTURED LOANS AND GENERAL AND SPECIFIC LOSS RESERVES INCLUDE IN THE CONSOLIDATED STATEMENT OF CONDITION



Please include in the Consolidated Statement of Condition (CSOC) the following accounts on Restructured Loans and general and specific loss reserves:

A.        COMMERCIAL BANKS (SES I/VI Form 2A.2 — CBP 7-16-05)

1.         Restructured Loans (current portion)
Account CodeRecord No.
Restructured Loans 
a. Restructured Loans — Current079
a.1. Without Uncollected Capitalized Interest501
a.2. With Uncollected Capitalized Interest502
b. Restructured Loans — Past Due080
c. Restructured Loans — Items in Litigation081
Total Restructured Loans — Gross082
Less: Allowance for Probable Losses083
Total Restructured Loans — Net084

2.         General and Specific Loss Reserves
Account CodeRecord No.
ADDITIONAL INFORMATION 
Total Allowance for Probable Losses460
1. 2% General Provision for Probable Loan Losses (Circular No. 164 dated April 13, 1998)461
2. Allowance for Probable Losses on Loan Accounts and Other Risk Assets462
2.a. Loans463
2.b Other Risk Assets464

The above format shall start with the report for the month of July, 1998. For restructured loans, the footnote on the last page of the monthly prooflist to the CSOC as required under Memorandum to All Commercial Banks dated January 22, 1998, shall be deleted.

B.        THRIFT BANKS (TB Form 2)

-           General and Specific Loss Reserves
Account CodeRecord No.
ADDITIONAL INFORMATION 
Total Allowance for Probable Losses550
1. 2% General Provision for Probable Loan Losses
 (Circular No. 164 dated April 13, 1998)
551
2. Allowance for Probable Losses on Loan
    Accounts and Other Risk Assets
552
2.a. Loans553
2.b Other Risk Assets554

The above format shall start with the report for the month of July 1998.

C.        RURAL BANKS (CBP 7-19-04A)

1.         Restructured Loans
AccountCurrentPast DueItems in LitigationTOTAL
Total Loans and Discounts (L&D)-Grossxxxxxxxxxxxx
Restructured Loans (RL)    
a. Restructured Loans-Currentxxx  xxx
a.1. W/O Uncollected Capitalized Interestxxx  xxx
a.2. With Uncollected Capitalized Interestxxx  xxx
b. Restructured Loans-Past Due xxx xxx
c. Restructured Loans-Items in Litigation  xxxxxx
Total Restructured Loans-Grossxxxxxxxxxxxx
Total Loan Portfolio-Grossxxxxxxxxxxxx
Less: Allowance for Probable Losses (L&D)xxxxxxxxxxxx
Allowance for Probable Losses-RLxxxxxxxxxxxx
Total Loans and Discounts-Netxxxxxxxxxxxx

2.         General and Specific Loss Reserves
Account Code

ADDITIONAL INFORMATION
Total Allowance for Probable Losses

1. 2% General Provision for Probable Loan Losses
(Circular No. 164 dated April 13, 1998)

2.Allowance for Probable Losses on Loan
Accounts and Other Risk Assets

2.a.Loans
2.b Other Risk Assets
The above format shall start with the report for the quarter end June 30, 1998.

Adopted: 22 June 1998

(SGD.) ALBERTO V. REYES
Deputy Governor



 


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