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Financial Institution Letter

Release of FFIEC Federal Disclosure Computational Tools

April 16, 2020  |  FIL-45-2020


The Federal Financial Institutions Examination Council (FFIEC), on behalf of its member agencies, announced the availability of FFIEC Federal Disclosure Computational Tools, including the Annual Percentage Rate (APR) Computational Tool and the Annual Percentage Yield (APY) Computational Tool. The FFIEC member agencies collaborated to develop the Federal Disclosure Computational Tools, which will assist financial institutions in their efforts to comply with consumer protection laws and regulations.

Statement of Applicability to Institutions with Total Assets under $1 Billion: This Financial Institution Letter (FIL) applies to all FDIC-supervised financial institutions.


  • The APR Computational Tool is designed to streamline the process by which financial institutions and agency examiners can verify finance charges and annual percentage rates included on consumer loan disclosures subject to the Truth in Lending Act and its implementing regulation, Regulation Z.
  • This web-based tool supports the verification of disclosed APR calculations related to unsecured and secured installment and construction loans, including real estate-secured loans.
  • The APR Computational Tool also supports verification of compliance with the Military Annual Percentage Rate (MAPR) limits under the Military Lending Act.
  • The APY Computational Tool supports verification of APYs on consumer deposit account disclosures subject to the Truth in Savings Act, including advertisements and periodic statements.
  • The FFIEC Federal Disclosure Computational Tools are available at

Suggested Distribution:

FDIC-Supervised Institutions

Suggested Routing:

Chief Compliance Officer

Paper copies of FDIC FILs may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).