All Investment Houses, Financing Companies, Investment Companies and Securities Dealers/Brokers

August 12, 1981CBP MEMORANDUMTO:All Investment Houses, Financing Companies, Investment Companies and Securities Dealers/Brokers Effective with the report as of September 30, 1981, page 7 of 12 pages of the Consolidated Statement of Condition (CBP 7-26-02) shall be submitted in accordance with the attached revised format to reflect details of securities brokered and sold without recourse.For purposes of this requirement, "securities brokered" shall refer to securities which are bought and sold without recourse on the same day and recorded in the books of accounts and/or those transactions wherein the NBQB merely acted as finders for lenders and borrowers and earning a fee thereby without the brokered transactions being recorded in the books of accounts, "Securities sold without recourse" shall refer to securities which had been held in inventory/books of the NBQB for at least one day prior to sale without recourse.However, a report on the volume and outstanding amount of securities sold without recourse and securities brokered as at March 31 and June 30, 1981 using the aforesaid format of page 7 shall be submitted on...