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Each depositor insured to at least $250,000 per insured bank

Financial Institution Letters

  Federal Financial Institutions Examination Council



3501 Fairfax Drive - Room B7081a - Arlington, VA 22226-3550 - (703) 516-5588 - FAX (703) 562-6446 - http://www.ffiec.gov
FIL-3-2014
January 22, 2014

Printable Format:

FIL-3-2014 - PDF (PDF Help)

FINANCIAL INSTITUTION REPORTS

TO: CHIEF EXECUTIVE OFFICER (also of interest to Chief Financial Officer)
SUBJECT: Revisions to the Consolidated Reports of Condition and Income and the FFIEC 101 Report
 

The Federal Financial Institutions Examination Council (FFIEC) has approved revisions to the Consolidated Reports of Condition and Income (Call Report) that will take effect March 31, 2014, and March 31, 2015. The Call Report revisions include certain reporting changes proposed by the FFIEC's member agencies in February 2013 (see FIL-8-2013, dated March 8, 2013). The FFIEC and the agencies have modified these proposed reporting changes in response to comments received on the proposal, including concerns about reporting burden.

The FFIEC and the agencies also have finalized changes to the regulatory capital components and ratios portion of Call Report Schedule RC-R, Regulatory Capital, and revisions to the FFIEC 101, Regulatory Capital Reporting for Institutions Subject to the Advanced Capital Adequacy Framework, which were proposed in August 2013 (see FIL-41-2013, dated September 24, 2013). The FFIEC 101 report is completed only by advanced approaches institutions. In general, an advanced approaches institution has consolidated total assets of $250 billion or more or consolidated total on-balance sheet foreign exposure of $10 billion or more, is a subsidiary of a depository institution or holding company that is an advanced approaches institution, or has elected to use the advanced approaches to calculate its total risk-weighted assets. The U.S. Office of Management and Budget must approve all of the revisions to the Call Report and the FFIEC 101 before they become final.

The reporting changes to Call Report schedules other than Schedule RC-R, which would involve quarterly reporting unless otherwise indicated, are summarized as follows:

The revisions to Call Report Schedule RC-R and the FFIEC 101 are consistent with the revised regulatory capital rules approved by the federal banking agencies during July 2013. The regulatory capital components and ratios portion of Schedule RC-R would be aligned with the revised rules and would include these changes:

In addition, existing items 34 through 62 and Memorandum items 1 and 2 of Schedule RC-R would be designated Part II, Risk-Weighted Assets, in March 2014. No changes would be made in 2014 to Part II, which all institutions would complete in their Call Reports for March 31 through December 31, 2014. The agencies expect to request comment in the first quarter of 2014 on a proposal to implement a revised version of Part II of Schedule RC-R in March 2015 that would incorporate the standardized approach for calculating risk-weighted assets under the revised regulatory capital rules. The revised version of Part II would be completed by all institutions beginning with the Call Report for March 31, 2015.

The changes to the FFIEC 101, which is completed only by advanced approaches institutions, would take effect March 31, 2014. As revised, FFIEC 101 Schedule A, Advanced Approaches Regulatory Capital, incorporates the capital disclosure template adopted by the Basel Committee on Banking Supervision in June 2012 and includes certain additional items, such as the supplementary leverage ratio. In addition, changes have been made to nine of the risk weighted assets schedules in the FFIEC 101 to implement the revised rules that apply to advanced approaches institutions in 2014.

To help you understand the changes to the Call Report, drafts of the revised Call Report schedules and draft instructions for the new and revised Call Report items are available on the FFIEC's Web site (www.ffiec.gov/ffiec_report_forms.htm) and the Federal Deposit Insurance Corporation's (FDIC) Web site (www.fdic.gov/callreports). Drafts of the revised FFIEC 101 report and its instructions also can be accessed on the FFIEC's Web site. As is customary, for the March 31, 2014, and March 31, 2015, report dates, as applicable, institutions may provide reasonable estimates for any new or revised Call Report and FFIEC 101 items initially required to be reported as of that date for which the requested information is not readily available.

Please forward this letter to the person responsible for preparing the Call Report and, if applicable, the FFIEC 101 at your institution. For further information about the revisions to these two reports, state member banks should contact their Federal Reserve District Bank; national banks and federal savings associations should contact the Office of the Comptroller of the Currency's Office of the Chief Accountant in Washington, D.C., by telephone at (202) 649-6994 or by e-mail at callreportstaskforce@occ.treas.gov; and FDIC-supervised banks and savings associations should contact the FDIC's Data Collection and Analysis Section in Washington, D.C., by telephone at (800) 688-FDIC (3342) or by e-mail at insurance-research@fdic.gov for the Call Report, and the FDIC's Capital Markets Branch in Washington, D.C., by telephone at (202) 898-6888 or by e-mail at regulatorycapital@fdic.gov for the FFIEC 101.

 

Judith E. Dupré
Executive Secretary

Distribution: FDIC-Supervised Banks (Commercial and Savings), National Institutions, State Member Institutions, and Savings Associations