February 15, 2011
Fourth Quarter 2010 Report
To Licensed Money Transmitters:
Re: 4th Quarter 2010 Call Report
This is to remind you that the December 31, 2010 call report will be due by March 31, 2011. All companies licensed as money transmitters under Financial Code Section 1800, 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:
- The Call Report, in the form of the Call Report Excel workbook provided by the Department;
- The Call Report verification executed by two principal officers;
- A company-prepared cash flow statement for the calendar year quarter;
- A list of agents and branches in compliance with Financial Code Sections 1807(e)(1) and 1807(e)(2); and
- If the Money Transmitter is also licensed to issue payment instruments, a report of eligible securities.
These forms and the detailed Call Report instructions are available at the following website: http://www.dfi.ca.gov/forms/tma/callreport.asp.
The verification, cash flow statement 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 1807(d) and 1807(e). However, Money Transmitters must still file annual audited financial statements (hard copy) in accordance with Financial Code Sections 1807(b) and 1807(c) within 90 days after the end of the fiscal year.
Any Money Transmitter who also holds a Payment Instruments License shall, in addition to the items listed above, file a report of eligible securities in compliance with Title 10, California Code of Regulations, Section 80.8204. This report of eligible securities shall be filed electronically via email. Companies who hold both a Money Transmitter and Payment Instrument License must file the Call Report and related documents in lieu of the quarterly reporting obligations of Title 10, California Code of Regulations, Sections 80.8200-80.8211.
Companies that do not hold a Money Transmitters License have the option to file the Call Report. Please review the Order and Call Report Instructions for more details.
If you have any questions, please contact Meli Brown at (415) 263-8542 or by email at email@example.com or Cari Rodriguez at (415) 263-8538 or by email at firstname.lastname@example.org.
Deputy Commissioner - Money Transmitter Division
Department of Financial Institutions
45 Fremont Street, Suite 1700
San Francisco, CA 94105