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

    ESAs Publish Reporting Templates for Financial Conglomerates

    ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.

    January 18, 2021 WebPage Regulatory News
    News

    EBA Publishes Report on Asset Encumbrance of Banks in EU

    EBA published the annual report on asset encumbrance of banks in EU.

    January 18, 2021 WebPage Regulatory News
    News

    US Agencies Publish Updates for Call Reports, FFIEC 101, and FR Y-9C

    FED updated the reporting form and instructions for the FR Y-9C report on consolidated financial statements for holding companies.

    January 15, 2021 WebPage Regulatory News
    News

    EBA Proposes Guidelines for Establishing Intermediate Parent Entities

    EBA issued a consultation paper on the guidelines on monitoring of the threshold and other procedural aspects of the establishment of intermediate EU parent undertakings, or IPUs, as laid down in the Capital Requirements Directive.

    January 15, 2021 WebPage Regulatory News
    News

    EC Adopts Financial Reporting Changes Arising from Benchmark Reforms

    EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.

    January 14, 2021 WebPage Regulatory News
    News

    BIS Bulletin Examines Key Elements of Policy Response to Cyber Risk

    BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.

    January 14, 2021 WebPage Regulatory News
    News

    HMT Updates List of Post-Brexit Equivalence Decisions in UK

    HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.

    January 14, 2021 WebPage Regulatory News
    News

    EBA Issues Erratum for Technical Package on Reporting Framework 3.0

    EBA published an erratum for technical package on phase 1 of the reporting framework 3.0.

    January 14, 2021 WebPage Regulatory News
    News

    APRA Publishes FAQ on Measurement of Credit Risk Weighted Assets

    APRA updated a frequently asked question (FAQ), for authorized deposit-taking institutions, on the measurement of credit risk weighted assets.

    January 14, 2021 WebPage Regulatory News
    News

    ECB Letter Sets Out Strategies to Address Issue of Nonperforming Loans

    ECB published a letter from Andrea Enria, the Chair of the Supervisory Board of ECB, answering questions raised by the President of the Bundestag (the German federal parliament) on how ECB assesses the financial stability of the euro area in the context of the significant level of nonperforming loans.

    January 14, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6450