Independent variable data used in this study came from year-end Federal Home Loan Bank Board Thrift Financial Reports
The regression equation was estimated tot two groups--the 1.755 thrift institutions that reported both branch (Summary of Deposits or Branch Office Survey) and financial (Call Report or Thrift Financial Report
) data in 1997 and the 1,217 thrifts in that group that had some assets in C&I loans.
The Federal Reserve Board is prepared to work constructively to resolve differences between the call report and the thrift financial report
. Also, the Financial Accounting Standards Board (FASB) and the American Institute of CPAs have been asked by the FDIC to consider eliminating the differences in GAAP as applied to banks and thrift institutions.
See FDIC Quarterly Banking Profile (4th Quarter 1991) and Thrift Financial Reports
Treasury with the Call Reports for commercial banks and the Thrift Financial Reports
for savings and loan institutions.
As explained in Kane and Yu (1995), Thrift Financial Reports
(TFRs) are financial statements which every member institution was required to file with the Bank Board.
The data are taken from the Federal Home Loan Bank Board Thrift Financial Reports
All thrift financial reports
and counter reports were required to be on a GAAP basis with two exceptions: unamortized deferred losses could still be reported as assets and liquid asset mutual funds could be carried at cost.
* Call reports for banks and thrift financial reports
for savings institutions.
However, institutions may choose to immediately apply the provisions of the final rule, including in the risk-based capital calculations for the March 31, 2002, Reports of Condition and Income (Call Reports) filed by banks; the March 2002 Thrift Financial Reports
filed by savings associations; and the March 31, 2002, Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) filed by bank holding companies.
As for your request for data on our competitors, you know that commercial banks and savings banks insured by the FDIC submit quarterly call reports, and institutions insured by the Savings Association Insurance Fund submit monthly thrift financial reports
. The banks, for example, report quarterly (a) construction and land development loans of 60 months or less, (b) multifamily housing loans on five or more units, and (c) nonfarm nonresidential loans, excluding, of course, construction and land development loans of 60 months or less.