- The Call Report, in the form of the Call Report Excel workbook provided by the Department;
- The Call Rep1ort verification executed by two principal officers;
- Average Daily Transmission Liability (“ADTL”) reports for the calendar year quarter;
- A company prepared cash flow statement for the calendar year quarter;
- A list of agents and branches in compliance with Financial Code Sections 2039(d)(1) and 2039(d)(2); and
- If the Money Transmitter owns eligible securities of $10 million or more, a schedule of eligible securities.
Commissioner Issues Order for 2012 Call Reports
The Commissioner has issued an Order regarding Call Reports and related quarterly reporting requirements. This Order applies to all licensees under the Money Transmission Act, and is effective immediately.
This Order only applies for Call Reports starting in the first quarter of 2012, and thereafter.
All companies licensed under the Money Transmission Act pursuant Financial Code Section 2000 et seq. (collectively referred to as “Money Transmitters”), shall file the following documents electronically via email with the Department of Financial Institutions (“Department”) by the due date:
These forms and the detailed Call Report instructions will be available at the following website: http://www.dfi.ca.gov/forms/tma/callreport.html.
The verification, cash flow statement, ADTL reports and list of agents and branches shall be submitted in the form of a PDF file of the original, or another file format which is compatible with the Department’s software (such as Excel or Word). All documents must be submitted to the Department by email to firstname.lastname@example.org.
The Call Report shall be completed in accordance with the requirements detailed in the Call Report instructions. Money Transmitters are no longer required to file hard copy quarterly reports in accordance with Financial Code Sections 2039(c) and 2039(d). However, Money Transmitters must still file annual audited financial statements (hard copy) in accordance with Financial Code Section 2039(b) within 90 days after the end of the fiscal year.
Any Money Transmitter that owns eligible securities of $10 million or more must also file a schedule of eligible securities. The schedule of eligible securities shall indicate the amount and percentage of total eligible securities by type of eligible security as listed in Financial Code Sections 2082(b)(1) to (b)(11) and 2082(c)(1) to (c)(3). The schedule of eligible securities should also separately list all investments in securities and indicate the date of purchase, rating, rating agency, maturity date and market value of the investments. If investments exceed $100 million, also provide the average duration and the average stated maturities of the securities held in the portfolio. The schedule of eligible securities shall be filed electronically via email.
Please contact Julio Prada at (415) 263-8540 or by email at email@example.com or Oscar Lumen at (415) 263-8577 or by email at firstname.lastname@example.org if you have any questions.