A one digit code indicating whether a bank has submitted the bank management narrative statement. No text has been submitted by the commercial bank.
Text is on the file.
Text submitted by commercial bank but not on file was used. Includes a brief narrative statement on the amounts reported in the Reports of Condition and Income by the management of the reporting bank. The text is limited to 750 characters, including punctuation and spaces. Banks choosing to submit the narrative statement should ensure that the statement does not contain the names or other identifications of individual bank customers, references to the amounts reported in the confidential items in Schedule RC-N, or any other information that they are not willing to have made public or that would compromise the privacy of their customers. A two digit sequence number added to the bank management statement text.