Featured Product

    US Agencies Revise FFIEC 101 and Call Reports for COVID Data Reporting

    June 12, 2020

    US Agencies (FDIC, FED, and OCC) have requested and received emergency approval from the U.S. Office of Management and Budget for certain revisions to the three versions of the call reports (FFIEC 031, FFIEC 041, and FFIEC 051) and the regulatory capital reporting for institutions subject to the advanced capital adequacy framework (FFIEC 101), effective as of the June 30, 2020 report date. FDIC has published supplemental instructions for reporting in accordance with these revisions in the call reports and the FFIEC 101 as of the June 30, 2020 report date. The redlined report form pages for call report revisions effective as of the June 30, 2020 report date are available on the FFIEC Reporting Forms webpages. The agencies will request public comment on these reporting changes through the standard Paperwork Reduction Act process at a later date.

    The revisions resulted from several interim final rules and a notice of proposed rulemaking issued by one or all of the agencies in response to the impact on the economy as a result of COVID-19. These revisions also resulted from certain provisions of the 2020 Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The interim final rules and a notice of proposed rulemaking were published in the Federal Register from March through June 2020. The revisions include:

    • The revisions impacting the FFIEC 101 include updates to the calculation of certain amounts reported on Schedule A, Advanced Approaches Regulatory Capital, l, including the Supplementary Leverage Ratio Tables
    • Updates to the instructions for the calculation of certain amounts reported on Schedule RC-R, Regulatory Capital, that apply to the three versions of the call report
    • Revisions to the definitions of certain deposits reported on call report Schedule RC-E, Deposit Liabilities, in response to an interim final rule that amends Regulation D of FED
    • Changes to the reporting on extensions of credit to insiders on call report Schedule RC-M, Memoranda, in response to an interim final rule that excepts certain loans guaranteed under the Small Business Administration’s Paycheck Protection Program (PPP) from the requirements of section 22(h) of the Federal Reserve Act and the corresponding provisions of the Regulation O of FED

    Additionally, the call report revisions include the addition of new items on Schedule RC-C, Part I, Loans and Leases, and Schedule RC-M, Memoranda, to collect data on:

    • Eligible loan modifications under Section 4013, Temporary Relief from Troubled Debt Restructurings, of the CARES Act, with these items collected on a confidential basis
    • U.S. Small Business Administration PPP loans and borrowings under the Federal Reserve PPP Liquidity Facility or PPPLF
    • Holdings of assets purchased under the Money Market Mutual Fund Liquidity Facility or MMLF

     

    Related Links

    Keywords: Americas, US, Banking, COVID-19, Call Report, FFIEC 101, Reporting, Paycheck Protection Program, MMLF, CARES Act, Supplemental Instructions, Supplementary Leverage Ratio, Regulatory Capital, Basel, US Agencies

    Featured Experts
    Related Articles
    News

    PRA Finalizes Supervisory Approach for Non-Systemic Banks in UK

    PRA published the policy statement PS8/21, which contains the final supervisory statement SS3/21 on the PRA approach to supervision of the new and growing non-systemic banks in UK.

    April 15, 2021 WebPage Regulatory News
    News

    EBA Finalizes Standards on Methods of Prudential Consolidation

    EBA published a report that sets out the final draft regulatory technical standards specifying the conditions according to which consolidation shall be carried out in line with Article 18 of the Capital Requirements Regulation (CRR).

    April 15, 2021 WebPage Regulatory News
    News

    EBA Updates List of Other Systemically Important Institutions in EU

    EBA updated the list of other systemically important institutions (O-SIIs) in EU.

    April 15, 2021 WebPage Regulatory News
    News

    BCBS Report Concludes Basel Risk Categories Can Capture Climate Risks

    BCBS published two reports that discuss transmission channels of climate-related risks to the banking system and the measurement methodologies of climate-related financial risks.

    April 14, 2021 WebPage Regulatory News
    News

    UK Authorities Welcome FSB Review of their Remuneration Regime

    UK Authorities (FCA and PRA) welcomed the findings of FSB peer review on the implementation of financial sector remuneration reforms in the UK.

    April 14, 2021 WebPage Regulatory News
    News

    PRA and FCA Letter on Addressing Risks from Use of Deposit Aggregators

    PRA and FCA jointly issued a letter that highlights risks associated with the increasing volumes of deposits that are placed with banks and building societies via deposit aggregators and how to mitigate these risks.

    April 14, 2021 WebPage Regulatory News
    News

    MFSA to Amend Banking Act and Rules in Coming Months to Transpose CRD5

    MFSA announced that amendments to the Banking Act, Subsidiary Legislation, and Banking Rules will be issued in the coming months, to transpose the Capital Requirements Directive (CRD5) into the national regulatory framework.

    April 14, 2021 WebPage Regulatory News
    News

    EC Delegated Regulation on Specialized Lending Exposures Under CRR

    EC finalized the Delegated Regulation 2021/598 that supplements the Capital Requirements Regulation (CRR or 575/2013) and lays out the regulatory technical standards for assigning risk-weights to specialized lending exposures.

    April 14, 2021 WebPage Regulatory News
    News

    OSFI Proposes to Enhance Assurance Expectations for Basel Returns

    OSFI launched a consultation to explore ways to enhance the OSFI assurance over capital, leverage, and liquidity returns for banks and insurers, given the increasing complexity arising from the evolving regulatory reporting framework due to IFRS 17 (Insurance Contracts) standard and Basel III reforms.

    April 13, 2021 WebPage Regulatory News
    News

    ECB Issues Results of Benchmarking Analysis of Recovery Plans of Banks

    ECB published results of the benchmarking analysis of the recovery plan cycle for 2019.

    April 13, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6858