May 06, 2019

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.

 

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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

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