Featured Product

    FDIC Issues Supplemental Instructions for Filing Call Reports

    October 04, 2021

    The Federal Deposit Insurance Corporation (FDIC) issued supplemental instructions for the Consolidated Reports of Condition and Income—that is, Call Reports FFIEC 031, FFIEC 041, and FFIEC 051—for the September 30, 2021 reporting date. Except for certain institutions with foreign offices, the Call Report must be received by October 30, 2021. An institution with more than one foreign office, other than a “shell” branch or an International Banking Facility, is permitted to electronically file its data to the Central Data Repository no later than November 04, 2021.

    Certain new Call Report data items take effect this quarter in the FFIEC 031 and FFIEC 041 Call Report forms. These include Call Report Schedule RC-E, Deposit Liabilities to allow evaluation of the funding stability of sweep deposits over time to determine their appropriate treatment under liquidity regulations and to allow assessment of risk factors associated with sweep deposits that may no longer be reported as brokered deposits. A new Glossary entry for “Sweep Deposits” was also added to define sweep deposits and provide more information for the new items. Beginning with the December 31, 2021 report date, FFIEC 051 filers will report these new data items semiannually on the June and December Call Report forms. The new data items include five memorandum items for sweep deposits on the three versions of the Call Report (FFIEC 031, FFIEC 041, and FFIEC 051). Four additional memorandum items for sweep deposits from retail customers or counterparties are to be completed by institutions with USD100 billion or more in total assets on the FFIEC 031 report form. Other technical clarifications made to the Call Report instruction book include the following:

    • Schedule RI, Income Statement, item 5.l; Schedule RC-G, Other Liabilities, item 4; and the Glossary entry for “Capital Contributions of Cash and Notes Receivable”—clarifications related to reporting for grants received by an institution that are non-reciprocal contributions of cash from governmental or non-governmental entities and that are accounted for in accordance with or by analogy to Accounting Standards Codification Subtopic 958-605.
    • Schedule RI-A, Changes in Bank Equity Capital, item 11—updates related to the reporting by a subsidiary institution for grants received at the holding company that are then transferred to a subsidiary institution.
    • Schedule RC-E, Deposit Liabilities, Memorandum item 1.c—technical clarification to the deposit insurance limit.
    • Glossary entry for “Premiums and Discounts”—replacement of reference to Accounting Standard Update No. 2017-08 with ASC Subtopic 310-20 and removal of related footnote.
    • Glossary entry for “Trading Account”—clarifications to closer align with June 2021 edits made to the Glossary entry for “Short Position.”

    In general, institutions with domestic offices only and total assets less than USD 5 billion as of June 30, 2020 were eligible to file the FFIEC 051 Call Report as of March 31, 2021, but such institutions had the option to file the FFIEC 041 Call Report instead as of that date. Institutions are expected to file the same report form, either the FFIEC 051 or the FFIEC 041, for each quarterly report date during 2021. In the supplemental instructions, FDIC notes that the Call Report preparation software products marketed by Axiom Software Laboratories Inc, DBI Financial Systems Inc, Fed Reporter Inc, FIS Compliance Solutions, FiServ Inc, KPMG LLP, SHAZAM Core Services, Vermeg, and Wolters Kluwer Financial Services meet the technical specifications for producing Call Report data files that are able to be processed by the Central Data Repository.

     

    Related Links

    Keywords: Americas, US, Banking, Call Reports, Reporting, Basel, Sweep Deposits, FFIEC 031/041/051, FDIC

    Featured Experts
    Related Articles
    News

    EBA Sets Out Roadmap for 2023, Updates Reporting Framework 3.2

    The European Banking Authority (EBA) published its work program for 2023 as well as the technical package for phase 3 of version 3.2 of its reporting framework.

    September 30, 2022 WebPage Regulatory News
    News

    FED Announces Launch of Climate Scenario Analysis Exercise in 2023

    The Board of Governors of the Federal Reserve System (FED) announced a pilot climate scenario analysis exercise for six largest banks in the U.S.

    September 29, 2022 WebPage Regulatory News
    News

    BIS Paper Studies Impact of Fintech Lending on Small Businesses in US

    The Bank for International Settlements (BIS) published a paper that studies impact of fintech lending on credit access for small businesses in U.S.

    September 26, 2022 WebPage Regulatory News
    News

    UK Regulators Issue CRR Changes and Stress Test Scenarios for Banks

    The Prudential Regulation Authority (PRA) issued the policy statement PS8/22 to amend the Own Funds and Eligible Liabilities (CRR) Part of the PRA Rulebook and update the supervisory statement SS7/13 titled "Definition of capital (CRR firms).

    September 26, 2022 WebPage Regulatory News
    News

    EBA Launches EU-Wide Transparency Exercise in 2022

    The European Banking Authority (EBA) launched the EU-wide transparency exercise for 2022, with results of the exercise expected to be published at the beginning of December, along with the annual Risk Assessment Report.

    September 23, 2022 WebPage Regulatory News
    News

    SRB on CRR Quick-Fix to Policy for Multiple Point of Entry Banks

    The Single Resolution Board (SRB) welcomed the adoption of the review of the Capital Requirements Regulation, or CRR, also known as the "CRR quick-fix."

    September 22, 2022 WebPage Regulatory News
    News

    EC Rule Lists Advanced Economies for Market Risk Capital Calculations

    The European Commission (EC) recently adopted the Delegated Regulation 2022/1622, which sets out the regulatory technical standards to specify the countries that constitute advanced economies for the purpose of specifying risk-weights for the sensitivities to equity.

    September 21, 2022 WebPage Regulatory News
    News

    EBA Publishes Final Regulatory Standards on STS Securitizations

    The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.

    September 20, 2022 WebPage Regulatory News
    News

    ECB Further Reviews Costs and Benefits Associated with IReF

    The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.

    September 15, 2022 WebPage Regulatory News
    News

    EBA Publishes Funding Plans Report, Receives EMAS Certification

    The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).

    September 15, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8523