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#437951 - 10/10/05 08:35 PM data collection revenue vs income
Anonymous
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In recent reading by Don Narup it is mentioned "small business/small farm classified loans require code numbers" and "all other loan types require $dollar amount". I am new to the learning tools for this area and can someone either direct me to where I can read about the codes or tell me what the codes are & their definitions for small bus/farm loans.
The other one I am assuming can use the $dollar amount or a code A=Low and what $dollar amount represents that code.
Am I on the right track or is there a specific guide for these also.
Appreciate your help

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CRA
#437952 - 10/10/05 09:52 PM Re: data collection revenue vs income
Don_Narup Offline

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Joined: Jul 2001
Posts: 3,708
Las Vegas Nevada
1= Revenue of 1 Million or Less
2= Greater than 1 Million.
3= Not Known
4= Consumer Loan

If you have the FFIEC's reporting software Click on Help Then Index and the first item will be 2004 File Specifications

Open that and scroll down to MICRO DATA:Individual Loans. All the fields with the codes used in those fields will be listed.

Recommendation: Always collect your data the way you will report it. Use the code numbers required for reporting. If at all possible dont make up your own codes which someone will have to change when the data is reported.
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#437953 - 10/11/05 12:24 AM Re: data collection revenue vs income
HRH Dawnie Offline
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HRH Dawnie
Joined: Aug 2002
Posts: 7,353
Anchorage Alaska
http://www.ffiec.gov/cra/guide.htm

It sounds like this is a good read for you as well.

Don gives great advice, and the last line is the BEST! Don't make up fake codes. You'll drive yourself and your examiners nuts!
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CRA Rating is in...Oh who cares...I'm home with the baby.

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#437954 - 10/11/05 08:24 PM Re: data collection revenue vs income
Hated By Some Offline
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Posts: 13,603
Somewhere vanilla
"Don't make up fake codes. You'll drive yourself and your examiners nuts!"

We're so C&D-bound if that's true!

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#437955 - 10/11/05 08:58 PM Re: data collection revenue vs income
HRH Dawnie Offline
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HRH Dawnie
Joined: Aug 2002
Posts: 7,353
Anchorage Alaska
Ron darling...you already were nuts

But really, you should get rid of fake codes and use the real stuff.
_________________________
Dawn Coursey VP/CRA Queen

CRA Rating is in...Oh who cares...I'm home with the baby.

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#437956 - 10/12/05 02:01 PM Re: data collection revenue vs income
Hated By Some Offline
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Hated By Some
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Somewhere vanilla
I was kidding. We don't even use codes.

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#437957 - 10/12/05 05:14 PM Re: data collection revenue vs income
HRH Dawnie Offline
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HRH Dawnie
Joined: Aug 2002
Posts: 7,353
Anchorage Alaska
LOL Ron I need to move to Chesapeake...sounds much easier there
_________________________
Dawn Coursey VP/CRA Queen

CRA Rating is in...Oh who cares...I'm home with the baby.

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