Hi everybody and Happy 2004!!

I have read through the entire Q&A, Call Report instructions, etc. and still have some questions pertaining to the reporting of small business and small farm loan renewals.
Here's an example of what I'm trying to clear up. 2003 was the first year that we were required to collect and report data as a large bank, so I have yet to submit to the FFIEC. I would appreciate it if someone could take a stab at answering this question.
If a loan was originated in 2002, then renewed in 2003 with new money added, do we report the full amount of the loan as 2003 was our first reporting year?
This renewal/new money thing is really confusing.
Any help in this area is greatly appreciated.

Vicki S.
Madison, WI

The rule of thumb I use when reporting renewals is that I report the amount at time of renewal. The only time I would report a separate increase is if the loan was increased in the same year.

While this does reduce the total number of loans you are reporting, it is a lot easier to manage.

Thanks Bonnie! I appreciate your help!

Vicki S.