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Financial Institution Letter Federal Deposit Insurance Corporation


 My sincere wishes to all my Audience, Partners, and Collaborators in 2010

Fernando Guzmán Cavero

Financial Institution Letter

Federal Deposit Insurance Corporation

Office of the Comptroller of the Currency

Board of Governors of the Federal Reserve System

December 31, 2009
SUBJECT: Consolidated Reports of Condition and Income for Fourth Quarter 2009
The attached materials pertain to the Consolidated Reports of Condition and Income (Call Report) for the December 31, 2009, report date. Please plan to complete the preparation, editing, and review of your bank’s Call Report data and the submission of these data to the agencies’ Central Data Repository (CDR) as early as possible. Starting your preparation early will aid you in identifying and resolving any edit exceptions prior to the submission deadline. If you later find that certain information needs to be revised, please make the appropriate changes to your data and promptly submit the revised data file to the CDR.
Except for certain banks with foreign offices, your completed Call Report must be received by Saturday, January 30, 2010, in accordance with the filing requirements discussed below. No extensions of time for submitting Call Report data are granted.
As the Federal Financial Institutions Examination Council (FFIEC) previously advised you, the agencies are implementing the final phase of the Call Report revisions for 2009 this quarter (see FIL 7 2009, dated January 30, 2009). These revisions apply only to trust institutions that complete Schedule RC-T, Fiduciary and Related Services. The reporting changes affect the types of fiduciary accounts for which fiduciary assets and income are reported and the types of assets and fiduciary accounts for which managed assets are reported. New data also will be collected on debt issues in default under corporate trusteeships. Banks that have fiduciary or related activities (in the form of assets or accounts), either at the bank itself or in a trust company subsidiary, should ensure that they complete the appropriate items in revised Schedule RC T. The specific items to be completed in Schedule RC-T are determined by a bank’s total fiduciary assets as of December 31, 2008, or its gross fiduciary and related services income in 2008. Banks may provide reasonable estimates for any new or revised Schedule RC-T item initially required to be reported as of the December 31, 2009, report date for which the requested information is not readily available.
Sample Call Report forms for the December 31, 2009, report date are available on both the FFIEC’s Web site ( and the FDIC’s Web site ( An instruction book update for December 2009, which includes the revised instructions for Schedule RC-T, is expected to be available on these Web sites by January 4, 2010. In addition, banks should refer to this quarter’s attached Supplemental Instructions for additional guidance on certain reporting issues, including changes to the accounting for loan participations that, for most banks, will take effect January 1, 2010. Report forms and instructional materials can be both printed and downloaded from the FFIEC’s and the FDIC’s Web sites. Please notify the person responsible for preparing Call Reports at your bank about the electronic availability of the report forms, instruction book update, and Supplemental Instructions for December 2009.
All banks are reminded to report the amount of their preferred deposits (Memorandum item 1.e of Schedule RC E). This information is collected only as of the December 31 report date each year.
Each bank must file its December 31, 2009, Call Report data in one of the following two ways:
  • A bank may use computer software to prepare and edit its report data and then electronically submit the data directly to the CDR (
  • A bank may complete its report in paper form and arrange with a software vendor or another party to convert its paper report into the electronic format that can be processed by the CDR. The software vendor or other party then must electronically submit the bank’s Call Report data file to the CDR.
Electronic submission of Call Report data will be considered timely if the data are received by the CDR no later than Saturday, January 30, 2010, and pass FFIEC-published validation criteria (validity edits and quality edits) or, where necessary, contain explanations for any quality edits that are not passed. Explanatory comments should be prepared consistent with the “Guidelines for Resolving Edits” that are published on the FFIEC’s Web site at
A bank that has more than one foreign office, other than a “shell” branch or an International Banking Facility, is permitted an additional five calendar days to submit its Call Report data. Such a bank must electronically transmit its data to the CDR no later than Thursday, February 4, 2010.
To continue improving the timeliness with which Call Report data become available to the public, the agencies plan to post individual bank Call Report data on the Internet earlier than at present beginning with the reports for this quarter. In previous quarters, the agencies posted individual bank data on the FFIEC’s CDR Public Data Distribution (PDD) Web site every day beginning 15 calendar days after the report date (e.g., October 15, 2009). However, no individual bank data were posted until at least 24 hours after the data had been accepted by the agencies and incorporated within the CDR. Beginning with the Call Report for December 31, 2009, individual bank data will be posted on the CDR PDD Web site as soon as the data have been submitted, placed in an accepted status, and prepared for publication in the CDR.
For technical assistance with the CDR, banks should contact the CDR Help Desk by telephone at (888) CDR 3111, by fax at (703) 774-3946, or by e-mail at For further information concerning the Call Report itself, state member banks should contact their Federal Reserve District Bank. National and FDIC-supervised banks should contact the FDIC’s Data Collection and Analysis Section in Washington, D.C., by telephone at (800) 688 FDIC (3342) or by e-mail at insurance

Timothy W. Long
Senior Deputy Comptroller and
Chief National Bank Examiner
Office of the
Comptroller of the Currency

Patrick M. Parkinson
Division of Banking
Supervision and Regulation
Board of Governors of the
Federal Reserve System

Sandra L. Thompson
Division of Supervision and
Consumer Protection
Federal Deposit
Insurance Corporation

Distribution: Distribution: FDIC-Supervised Banks and Savings Institutions, National Institutions, and State Member Institutions.

Forbes. com : Intelligent Investing


 My sincere wishes to all my Audience, Partners, and Collaborators in 2010

Fernando Guzmán Cavero

Intelligent Investing with Steve Forbes


Intelligent Investing Panel
Housing In 2010
Christopher Hyzy, Paul Maidment, Bernie McSherry and Carol Pepper discuss the housing sector's outlook in 2010.
With Paul Maidment

Intelligent Investing Panel
Look Outside The U.S.
Christopher Hyzy, Paul Maidment, Bernie McSherry and Carol Pepper talk about why investments outside of the U.S. could take off.
With Paul Maidment

Video: Intelligent Investing With Steve Forbes

Intelligent Investing With Steve Forbes
2010 Outlook: Personal Finance
Paul Maidment, Forbes editor, discusses personal finance and housing tips for 2010 with Christopher Hyzy, Bernie McSherry and Carol Pepper.



 My sincere wishes to all my Audience, Partners, and Collaborators in 2010

Fernando Guzmán Cavero

Market Watch Personal Finance Stories: December 30,2009

Personal Finance Daily
DECEMBER 30, 2009

Wednesday's Personal Finance stories

By MarketWatch

Don't miss these top stories:

Given that the effects of the financial crisis are still very real and far from over (know anyone who's unemployed?), it's hard to believe how far the stock market has come in the past year. The Dow Jones Industrial Average is up about 61% since its March 9 low, and up about 17% for the year.

And the numbers get a lot more eye-popping when you look at international-stock mutual funds -- particularly emerging-markets funds. They're up a whopping 72% in 2009, as MarketWatch's Sam Mamudi notes in his story today, part of our Mutual Funds Review and Outlook.

But before you get too excited, keep in mind that those gains do not yet pull international funds out of the hole they fell into not long ago. Overall, they're still negative on a two- and three-year basis.

Another reason not to get too excited: You know what they say about how past performance doesn't predict future results. Oh, for that crystal ball...

-- Andrea Coombes , assistant personal finance editor

Emerging markets power international gains

International-stock mutual funds were the best performers this year, but the question for many investors in 2010 is whether they can continue their rise.
See Special Report: Mutual Funds Review and Outlook.

For bond investors, daring pays dividends

Much like shoppers spotting hidden gems in a discount store clothing bin, corporate-bond bargain-hunters showed a real knack this year for turning the overlooked into the envy of their peers, often spending just pennies on the dollar to do so.
See Special Report: Mutual Funds Review and Outlook.


Just how bad were the zeroes?

Dow Jones Newswires columnist Brett Arends takes a look at the performance of the stock market over the past decade.
 Watch Video Report.

Global stock-fund manager taps Fifth Third, China Mobile, Dell

"Go anywhere" typically describes mutual funds that roam the world's stock markets and buy wherever they see value. For Brian McMahon, co-manager of Thornburg Global Opportunities Fund with Vinson Walden, many of the best stock values nowadays are here at home.
See The Stockpickers.

Commentary: Lessons learned - for investing and for life

The last few years forever changed the socioeconomic landscape and seismically shifted our collective perception of what we do, how we do it and whom we do it with. An era of conspicuous consumption became the Age of Austerity.
See Todd Harrison.


Will short sales, foreclosures lead to a change in appraisal practices?

A reader writes: Devaluing an already devalued market by including short sales and foreclosures when appraising property has not helped the already volatile real-estate market. Do services like Zillow's take the sales price of short sales and foreclosures into account when they assess a neighborhood? Do you foresee the appraisal standard changing in the near future to give less weight to the short sales and foreclosures that continue to hurt the value of other homes for sale? M.S.
See Realty Q&A.


How to fix your finances in 2010

Still mulling over your New Year's financial resolutions? David Laibson, a Harvard University economics professor, has one for you--one that many of us may wish we'd made last year. "Promise that you'll never try to time the market again," he suggests, a not-too-subtle gibe at the many investors who sold their stock in the depths of the downturn early this year and then missed the huge rally that followed.
See full story.

A New Year, same resolutions

As we head into 2010, WSJ's Lauren Goode takes to Times Square, the epicenter of New Year's Eve, to ask people what their goals are for 2010. While a number of people had standard responses, some feel this is the year of the non-resolute resolution.
 Watch Video Report.


Retirees snared by Medicare

Rules for enrolling in Medicare are complex. But when people postpone retirement past age 65, as many people are doing these days, it's easy to get caught up in red tape. Older adults can't get into Medicare any time they want. The easiest time to sign up is when you turn 65, and, if you're already collecting Social Security, enrollment is automatic. But if you keep working beyond that age and opt instead to stay with your employer's group health plan, your options for getting Medicare can be sharply limited. It's important to pay attention to strict enrollment deadlines, or you may face a fine and risk going without coverage for months.
See full story.


Central banks shift back to dollars, IMF shows

Holdings of U.S. dollars by foreign central banks bounced back to more "normal" levels in the third quarter, according to data released Wednesday by the International Monetary Fund.
See full story.


Choosing life to dodge taxes?

On Jan. 1, the one-year halt to the estate tax begins. And never before has so much money hinged on the time of death, WSJ's Laura Saunders reports in a News Hub extra.
 Watch Video Report.


Travel may come off bottom but pricing could pinch

Coming off an awful 2009, travel-related businesses from casinos to cruise lines to ski resorts are crossing their fingers that 2010 will bring something of a rebound. They're looking to pent-up demand and lower costs to offset at least some of the pricing pressure that seems likely to continue into the near future.
See full story.

Will travel for free food

Americans are flocking to hotels serving up free snacks and breakfast buffets. And Hollywood will use tried and true methods to get us out of the house and into movie theaters next year.
 Listen to MarketWatch's Audio Report.


Leaving driver's ed by the side of the road

More driver's ed instructors go by "Mom" or "Dad." MarketWatch's Charlie Turner says high school driver's ed has been one of the casualties of the recession. And more parents are filling that role.
 Listen to MarketWatch's Audio Report.

Get the latest news on our mobile site:


GATA sues Fed to disclose gold market intervention records

2p ET Wednesday, December 30, 2009
Dear Friend of GATA and Gold:
GATA today brought suit against the U.S. Federal Reserve Board, seeking a court order for disclosure of the central bank's records of its surreptitious market intervention to suppress the monetary metal's price.
The suit was filed in U.S. District Court for the District of Columbia and targets Fed records involving gold swaps, exchanges of gold with foreign financial institutions. In a letter dated September 17 this year to GATA's law firm, William J. Olson P.C. of Vienna, Virginia, ( Fed Board of Governors member Kevin M. Warsh acknowledged that the Fed has gold swap agreements with foreign banks but insisted that such documents remain secret:
The lawsuit follows two years of GATA's efforts to obtain from the Federal Reserve and the U.S. Treasury Department a candid accounting of the U.S. government's involvement in the gold market. These efforts parallel those of U.S. Rep. Ron Paul, R-Texas, who long has been proposing legislation to audit the Fed. The Fed has wrapped in secrecy much of its massive intervention in the markets over the last year, and Paul's legislation recently was approved by the U.S. House of Representatives.
The Fed claims that its gold swap records involve "trade secrets" exempt from disclosure under the U.S. Freedom of Information Act.
While GATA has produced many U.S. government records showing both open and surreptitious intervention in the gold market in recent decades (see, Fed Governor Warsh's letter is confirmation that the government is surreptitiously operating in the gold market in the present as well. That intervention constitutes a huge deception of financial markets as well as expropriation of precious metals miners and investors particularly. This deception and expropriation are what GATA was established in 1999 to expose and oppose.
Of course GATA's lawsuit against the Fed will take months if not years to resolve. We think we have a good chance of winning it in court. But we can win it outside court, and much sooner, if the suit can gain enough publicity from the financial news media and market analysts and prompt enough inquiry from them and from the public, the mining industry, and members of Congress.
So GATA urges its friends to publicize the suit and to urge journalists, market analysts, mining companies, and members of Congress to join us in seeking disclosure of the Fed's gold market intervention records. If enough clamor is directed at the Fed about these records, the gold price suppression scheme will lose its surreptitiousness and fail.
Unfortunately the World Gold Council, which each year collects tens of millions of dollars in membership fees from mining companies in the name of representing them and gold investors, refuses to question governments about their surreptitious interventions in the gold market. These interventions powerfully influence not only gold's price but the prices of government bonds and currencies, as well as interest rates generally and the value of all capital and labor in the world. There is no more important issue in the world economy than gold price suppression.
So what should have been the World Gold Council's work has fallen to GATA, a non-profit educational and civil rights organization that operates from month to month on donations from people who share its objective -- free and transparent markets in the precious metals and fair dealing among nations generally. As we prosecute our lawsuit against the Fed, we'll be grateful for your support. We promise to do something with it.
For information about supporting GATA, please visit:
GATA's lawsuit against the Fed is listed in federal court records as civil case No. 09-2436 ESH, the letters being the initials of the district court judge assigned to it, Ellen S. Huvelle.
You can find the lawsuit here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Join GATA here:
Vancouver Resource Investment Conference
Sunday and Monday, January 17 and 18, 2010
Hyatt and Fairmont Conference Hotels
Vancouver, British Columbia, Canada

Phoenix Resource Investment Conference
Thursday and Friday, February 4 and 5, 2010
Renaissance Glendale Hotel and Spa
Glendale, Arizona

* * *
Support GATA by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:

The Economist : Editors Highlits , December 30,2009

We did it!

This week we look at what is arguably the greatest social change of our times. Within the next few months women will cross the 50% threshold and become the majority of the American workforce. Women already make up most of the university graduates in OECD countries and most professional workers in several rich countries. And they are gaining ground quickly as companies adapt. Our cover leader celebrates this quiet revolution in the rich world, but also looks at the challenges that come with it, especially the growing problems to do with child care for the poor.

Here are some other pieces from this week's issue you might also be interested in. You can click straight through to each one and read it at The Economist online using the links below.

This week's highlights
Waziristan, the last frontier
A journey into the headquarters of Islamist terror
Read more
Japan's two lost decades
An economic tragedy. But the country holds fewer lessons for the rest of the world than it did
Read more
Our verdict on Copenhagen
How an underwhelming accord could yet turn into a useful document
Read more
Iran's desperate crackdown
A floundering regime may have weakened itself with its latest bloody crackdown
Read more
From shoes to soft drinks to underpants
The attempted bombing of an airliner above Detroit highlights gaps in intelligence-sharing and airport security
Read more
Post to Facebook Post to Facebook Post to Twitter Post to Twitter


Google Conquers Time
Quentin Hardy
Real-time search, translation, location--everywhere?

Murdoch 1, Google 0
Oliver J. Chiang
The Internet giant released new tools that give news publishers more control over the search engine. Digg Bets Big On A New API
Taylor Buley
The social media company aims to make developing for its platform easier.
The Pirate Bay's Heir Apparent
Andy Greenberg
As the world's biggest file-sharing sites clean up or shut down, all eyes are on Isohunt.
King of Pop Tops Search Engines
Oliver J. Chiang
Michael Jackson was the most-searched phrase in 2009.
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The Economist The Word This Week

The world this week
Dec 30th 2009
From The Economist print edition

Turmoil in Iran increased after security forces fired on anti-government demonstrators in several cities. State television said that eight people had died, including a nephew of last June’s thwarted presidential candidate, Mir Hosein Mousavi. More than a thousand people were reportedly arrested, including a former foreign minister. Divisions in the ruling clerical establishment deepened. See article
Barack Obama ordered an investigation into why America’s security apparatus failed to stop a man from boarding a jet in Amsterdam, which he then allegedly tried to blow up as it made its final approach to Detroit on Christmas Day. Umar Farouk Abdulmutallab was overpowered by fellow passengers after he attempted to detonate explosives on the plane, causing a fire. An al-Qaeda-affiliated group in Yemen claimed responsibility. See article
At least 38 people died in clashes between the police and members of a radical Islamist sect called Kala Kato in Nigeria’s north-eastern state of Bauchi. The violence started when police tried to enforce a ban on open-air preaching.
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The UN imposed sanctions on Eritrea to punish it for backing Islamist militias in Somalia. Governments in the region, along with the African Union, have been demanding such measures for several months.
A South Korean consortium beat French, American and Japanese rivals to win a coveted $40 billion contract to build and run four nuclear reactors in the United Arab Emirates, which will form part of the first civilian nuclear-energy project in the Arab world. See article
Mr Obama and his fellow Democrats were confident of passing a significant reform of health care in early 2010 after the Senate voted, along party lines, in favour of a bill. Differences between legislation in the Senate and the House need to be thrashed out before the president gets a bill to sign.
The share prices of Fannie Mae and Freddie Mac soared in response to the Treasury’s recent decision to remove limits on the amount of federal aid to the companies. Fannie and Freddie, America’s biggest “government-sponsored enterprises”, were bailed out in 2008 amid huge mortgage losses. The amount of public money each could obtain was capped at $200 billion (neither has received that amount), but the Treasury now wants to “leave no uncertainty” about its commitment to the firms.
In a setback for President Álvaro Uribe’s security policy, Colombia’s FARC guerrillas kidnapped and killed the governor of Caquetá department, south-east of Bogotá. See article
Just hours after his funeral, the mother and three other grieving relatives of a soldier who died during a government raid that killed Arturo Beltrán Leyva, one of Mexico’s top drug-traffickers, were murdered in a revenge attack that shocked Mexicans.
At a ceremony in Ushuaia in Tierra del Fuego, two Argentine men became the first gay people in Latin America to get married. Meanwhile, Mexico City’s legislature voted to legalise gay marriage.
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The candidate of the ruling party was eliminated in the first round of Croatia’s presidential election, suggesting that voters are grumpy despite more steps towards joining the European Union. In mid-December Serbia, Croatia’s neighbour, formally applied to join the EU. See article
In a sign of renewed tension between the Turkish army and the government, eight special-forces soldiers were briefly arrested for allegedly plotting to assassinate a senior politician from the ruling Justice and Development (AK) party. See article
The Basel committee on banking supervision, which sets capital standards for banks around the world, published a consultation document on December 17th that was more stringent than many bankers had expected. Among other things, the committee is calling for a shake-up in the way banks’ capital is measured.
Liu Xiaobo, one of China’s best-known political dissidents, was sentenced to 11 years in prison for “inciting subversion”. Mr Liu had been instrumental in drafting a petition in December 2008 known as Charter 08, calling for radical political reform. See article
Akmal Shaikh, a Briton convicted of smuggling heroin into China, was executed by lethal injection in the north-western region of Xinjiang, despite pleas for a review of the man’s mental health. Gordon Brown said he was “appalled”. See article
More than 4,000 ethnic Hmong refugees were repatriated from Thailand to Laos, despite fears that some of them might face persecution. See article
More than 40 people were killed in a suicide-bombing in Karachi, Pakistan’s biggest city, that targeted a procession of Shia Muslims.
There were complaints as India tightened rules for long-term tourist visas, after the arrest of a Pakistani American who was accused of involvement in planning the November 2008 attack on Mumbai. He had travelled to India several times.
The governor of the Indian state of Andhra Pradesh, N.D. Tiwari, resigned after a television news channel aired pictures purporting to show him having sex in the company of three women. Mr Tiwari is 84.

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