FED Publishes OMB Supporting Statement on FFIEC 031, 041, 051 and 016
FED published OMB supporting statement for Call Reports FFIEC 031, FFIEC 041, and FFIEC 051, in addition to the supporting statement for FFIEC 016, which is the Annual Dodd-Frank Act Company-Run Stress Test Report for depository institutions and holding companies with USD 10 to USD 50 billion in consolidated assets.
FED requests approval from OMB to extend for three years, with revision, the Call Reports FFIEC 031, FFIEC 041, and FFIEC 051. These data are required from state member banks and are filed quarterly. The revisions to the Call Reports that are the subject of the request have been approved by FFIEC. State member banks are required to file both detailed schedules of assets, liabilities, and capital accounts in the form of a condition report and summary statement as well as detailed schedules of operating income and expense, sources and disposition of income, and changes in equity capital.
Additionally, FED requests approval from OMB to extend for three years, with revision, the mandatory FFIEC 016. The FFIEC 016 would replace FED’s FR Y-16, which it currently uses to collect the annual company-run stress test results. FR Y-16 is the Annual Company-Run Stress Test Report for state member banks, bank holding companies, and savings and loan holding companies with total consolidated assets greater than USD 10 billion and less than USD 50 billion. The revisions to the FFIEC 016 that are the subject of the request have been approved by FFIEC. The annual FFIEC 016 report collects quantitative projections of revenues, losses, assets, liabilities, and capital across three scenarios provided by FED (baseline, adverse, and severely adverse), along with the qualitative supporting information on the methodologies and processes used to develop these internal projections.
Related Links
- Supporting Statement: Call Reports (PDF)
- Supporting Statement: FFIEC 016 (PDF)
- Reporting Form Updates
Keywords: Americas, US, Banking, Stress Testing, Dodd Frank Act, Call Reports, FFIEC 016, FR Y-16, DFAST, FED
Featured Experts

Amnon Levy
Financial researcher; authority in credit portfolio management and AI/ML, risk-based pricing, climate and credit, CECL/IFRS 9; credit and ALM

Emil Lopez
Credit risk modeling advisor; IFRS 9 researcher; data quality and risk reporting manager

Nihil Patel
Data scientist; SaaS product designer; credit portfolio analyst and product strategist; portfolio modeler; correlation researcher
Previous Article
Ignazio Angeloni of ECB Speaks on Banking SupervisionNext Article
ESMA Launches Bond Liquidity System Under MiFID IIRelated Articles
News
APRA Updates Lists of Validation and Derivation Rules in December 2019APRA updated the lists of the Direct to APRA (D2A) validation and derivation rules for authorized deposit-taking institutions, insurers, and superannuation entities.
December 13, 2019
WebPage
Regulatory News
|
News
APRA Finalizes Prudential Standard for Credit Risk Management of BanksAPRA updated the prudential standard on credit risk management requirements (APS 220) for authorized deposit-taking institutions, post a public consultation.
December 12, 2019
WebPage
Regulatory News
|
News
EIOPA Consults on Guidelines on ICT Security and GovernanceEIOPA issued a consultation on guidelines on the Information and Communication Technology (ICT) security and governance by insurers.
December 12, 2019
WebPage
Regulatory News
|
News
BCBS Consults on Design of Prudential Treatment for Crypto-AssetsBCBS published a discussion paper on the design of prudential treatment for crypto-asset exposures of banks.
December 12, 2019
WebPage
Regulatory News
|
News
NCUA Approves Delay of Risk-Based Capital Rules Until January 2022The NCUA Board held its eleventh open meeting of 2019 and approved a final rule to delay the effective date of the risk-based capital rules for credit unions to January 01, 2022.
December 12, 2019
WebPage
Regulatory News
|
News
APRA Issues Operational Risk Rules, Consults on Reporting RequirementsAPRA published an updated prudential standard APS 115 that sets out operational risk requirements for authorized deposit-taking institutions in Australia.
December 11, 2019
WebPage
Regulatory News
|
News
ESMA Updates Q&A on European Benchmarks Regulation in December 2019ESMA updated the question and answers (Q&A) document on the European Benchmarks Regulation.
December 11, 2019
WebPage
Regulatory News
|
News
APRA Decides to Keep Countercyclical Capital Buffer for Banks at 0%APRA announced its decision to keep the countercyclical capital buffer (CCyB) for authorized deposit-taking institutions on hold at zero percent.
December 11, 2019
WebPage
Regulatory News
|
News
ESMA on Draft Amendments to Indices and Recognized Exchanges Under CRRESMA issued the final report on draft amendments to the Implementing Regulation (EU) 2016/1646, which specifies the main indices and recognized exchanges, under the Capital Requirements Regulation (CRR), that are relevant to credit institutions and investment firms subject to prudential requirements and trading venues.
December 11, 2019
WebPage
Regulatory News
|
News
FED Extends Consultation Period for Capital Requirements for InsurersFED is extending comment period for the proposed rule establishing risk-based capital requirements for depository institution holding companies that are significantly engaged in insurance activities.
December 10, 2019
WebPage
Regulatory News
|