US Agencies (FDIC, FED, and OCC) proposed to revise and extend, for three years, the Call Reports FFIEC 031, FFIEC 041, and FFIEC 051. FFIEC 31 is the consolidated report of condition and income for a bank with domestic and foreign offices, FFIEC 041 is the consolidated report of condition and income for a bank with only domestic offices, and FFIEC 051 is the consolidated report of condition and income for a bank with only domestic offices and with total assets of less than USD 1 billion. Comments must be submitted on or before June 18, 2019. On May 06, 2019, FDIC also published a letter announcing publication of the proposed forms under the community bank leverage ratio, or CBLR, consultation.
The proposed revisions to the Call Reports would implement reporting changes that are consistent with the US Agencies' proposed rule, which was published in February 2019, to develop a simplified alternative measure of capital adequacy and the community bank leverage ratio for certain qualifying community banks with less than USD 10 billion in consolidated assets. The proposed changes are consistent with section 201 of the Economic Growth, Regulatory Relief, and Consumer Protection (EGRRCP) Act. The proposed revisions would also implement reporting changes consistent with the FDIC's proposed rule, which was published on February 21, 2019, to amend the deposit insurance assessment regulations to apply the community bank leverage ratio framework to the deposit insurance assessment system. The proposed revisions would take effect in the same quarter as the effective date of the forthcoming final rules on the community bank leverage ratio and the related deposit insurance assessment revisions.
At the end of the comment period for this notice, FFIEC and the agencies will review any comments received to determine whether to modify the proposal in response to comments. If modifications are made to the proposed community bank leverage ratio or deposit insurance assessment rules when those rules are adopted in the final form, the agencies would modify the Call Report proposal to incorporate such changes. The agencies will then publish a second Federal Register notice on the proposal for a 30-day comment period and submit the final Call Reports to OMB for review and approval.
- Federal Register Notice
- FDIC Letter
- Proposed Form FFIEC 031 (PDF)
- Proposed Form FFIEC 041 (PDF)
- Proposed Form FFIEC 051 (PDF)
Comment Due Date: June 18, 2019
Keywords: Americas, US, Banking, EGRRCP Act, Reporting, Regulatory Capital, CBLR Framework, Leverage Ratio, Community Banks, FFIEC 031, FFIEC 041, FFIEC 051, US Agencies
Previous ArticleSRB Chair on Resolution Framework Priorities for Next EU Legislature
FCA and PRA in the UK, FED in the US, and the authorities in Singapore have fined Goldman Sachs for risk management failures in connection with the 1Malaysia Development Berhad (1MDB).
BCBS announced that OSFI and the Bank of Canada hosted the 21st International Conference of Banking Supervisors (ICBS) virtually on October 19-22, 2020.
FCA proposed guidance on how firms should continue to seek to help customers who hold insurance and premium finance products and may be in financial difficulty because of COVID-19, after October 31, 2020.
EBA issued an opinion on prudential treatment of the legacy instruments as the grandfathering period nears an end on December 31, 2021.
ESRB published the fifth issue of the EU Non-bank Financial Intermediation Risk Monitor 2020 (NBFI Monitor).
HM Treasury announced that the new Financial Services Bill has been introduced in the Parliament.
APRA announced that it has increased the minimum liquidity requirement of Bendigo and Adelaide Bank for failing to comply with the prudential standard on liquidity.
PRA published the consultation paper CP17/20 to propose changes to certain rules, supervisory statements, and statements of policy to implement elements of the Capital Requirements Directive (CRD5).
US Agencies adopted a final rule that applies to advanced approaches banking organizations and aims to reduce interconnectedness in the financial system as well as to reduce contagion risks associated with the failure of a global systemically important bank (G-SIB).
US Agencies (FDIC, FED, and OCC) adopted a final rule that implements the net stable funding ratio (NSFR) for certain large banking organizations.