Annual Report 2002 - ffiec
Annual Report 2002 - ffiec
Annual Report 2002 - ffiec
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Task Force on<br />
Surveillance Systems<br />
The Task Force on Surveillance Systems<br />
oversees the development and<br />
implementation of uniform interagency<br />
surveillance and monitoring<br />
systems. The task force’s principal<br />
objective has been to develop and<br />
produce the Uniform Bank Performance<br />
<strong>Report</strong> (UBPR). UBPRs<br />
present financial statistics and peer<br />
group comparisons for individual<br />
banks for current and historical<br />
periods. These reports are important<br />
tools for completing supervisory<br />
evaluations of bank condition<br />
and performance, as well as for<br />
planning on-site examinations. The<br />
banking agencies also use the data<br />
from these reports in their automated<br />
monitoring systems to identify<br />
potential or emerging problems<br />
in insured banks.<br />
A UBPR is produced quarterly for<br />
each commercial bank and insured<br />
savings bank in the United States<br />
that is supervised by the Board of<br />
Governors of the Federal Reserve<br />
System, Federal Deposit Insurance<br />
Corporation, or the Office of the<br />
Comptroller of the Currency. UBPR<br />
data are also available to all state<br />
bank supervisors. While the UBPR<br />
is principally designed to meet the<br />
examination and surveillance needs<br />
of the federal and state banking<br />
agencies, the task force also makes<br />
UBPRs available to banks and the<br />
public on the FFIEC website.<br />
Initiatives Addressed in <strong>2002</strong><br />
Electronic Distribution of UBPRs<br />
For many years, the surveillance<br />
task force provided hard-copy versions<br />
of UBPRs to individual banks<br />
and the state banking agencies.<br />
Effective March <strong>2002</strong>, the surveillance<br />
task force replaced these distributions<br />
with an electronic distribution<br />
of the reports on the FFIEC<br />
public website. The task force initiated<br />
this change to improve the efficiency<br />
and timeliness of report distribution.<br />
The change also provided<br />
public users with broader access to<br />
the reports. The electronic distribution<br />
resulted in annual cost savings<br />
for the agencies of approximately<br />
$180,000.<br />
Internet Versions of<br />
Related Statistical <strong>Report</strong>s<br />
In addition to the UBPRs for individual<br />
banks, the task force produces<br />
several supplemental statistical<br />
reports that are used to assess<br />
bank performance and condition.<br />
These other reports (1) summarize<br />
the performance of each of the<br />
UBPR’s peer groups (determined<br />
by size, location, and business line),<br />
(2) detail the distribution of UBPR<br />
performance ratios for banks in<br />
each of these peer groups, and (3)<br />
list the individual banks included in<br />
each peer group. Historically, these<br />
reports have been distributed in<br />
hard-copy form. During <strong>2002</strong>, the<br />
surveillance task force added electronic<br />
versions of these reports to<br />
the FFIEC website. This change<br />
broadened the distribution of these<br />
supporting reports and contributed<br />
to cost savings for the agencies.<br />
New UBPR Pages for Securitization<br />
and Fiduciary Activities<br />
As banking activities have evolved,<br />
Task Force on Surveillance Systems meeting.<br />
the task force has updated the<br />
UBPR format to highlight new or<br />
expanding areas of focus. During<br />
<strong>2002</strong>, the task force added three<br />
report pages to assist examiners in<br />
evaluating the potential risks of<br />
securitization and asset sales<br />
activities. For banks that have<br />
sold or securitized assets, these<br />
pages present detail on the volume<br />
and composition of securitization<br />
activities, the volume and composition<br />
of retained credit exposures,<br />
and the delinquencies of<br />
and net losses on securitized<br />
assets.<br />
Fiduciary activities have also<br />
become more important for some<br />
banks. Accordingly, the task force<br />
added two new pages to the <strong>2002</strong><br />
version of the UBPR. The pages<br />
incorporate new data on trust activities<br />
collected on the Call <strong>Report</strong>.<br />
Data on the volume of activity by<br />
line, data on managed and nonmanaged<br />
accounts, and peer data<br />
is now included on the UBPR and<br />
available on the FFIEC website.<br />
Additionally, extensive confidential<br />
data on earnings, expenses,<br />
and losses by type of account have<br />
been made available to the bank<br />
supervisors.<br />
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