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Home > News & Events > Inactive Financial Institution Letters |
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Inactive Financial Institution Letters
Printable Format:
The Federal Financial Institutions Examination Council (FFIEC) has approved several revisions to the reporting requirements for the Consolidated Reports of Condition and Income (Call Report). These revisions, which are outlined below, will take effect in the first two quarters of 2012, subject to the approval of the U.S. Office of Management and Budget. Proposed new schedules that would collect disaggregated loan loss allowance data and selected loan origination data, which were included in the Call Report proposal that the federal banking agencies published in the Federal Register on November 21, 2011 (see FIL-72-2011, dated December 7, 2011), remain under evaluation in light of the comments received. Decisions regarding these two proposed schedules will be the subject of a future Federal Register notice, and any resulting new reporting requirements will not take effect before the September 30, 2012, report date. The Call Report revisions to be implemented effective March 31, 2012, relate to the initial filing of Call Reports by savings associations as of that report date and also include certain instructional changes. The new data items to be added to the Call Report effective June 30, 2012, will help the banking agencies and state supervisors better understand institutions’ risk exposures and also address insurance assessment data needs. The second quarter reporting changes will be relevant to only a small number of institutions. Except for those individual savings associations that elected to submit the Call Report beginning as of either September 30 or December 31, 2011, all savings associations are scheduled to convert from filing the Thrift Financial Report (TFR) to the Call Report effective March 31, 2012. Information to assist savings associations to prepare for this conversion is available at http://www.fdic.gov/regulations/resources/call/filers.html. The Call Report revisions that take effect March 31, 2012, include:
The changes to the Call Report that take effect June 30, 2012, include:
To assist you in understanding the revisions to the Call Report, drafts of the report forms for March and June 2012 and draft instructions for new and revised Call Report items are available for your review on the FFIEC’s Web site (www.ffiec.gov/ffiec_report_forms.htm) and on the FDIC’s Web site (www.fdic.gov/callreports). For the March 31 and June 30, 2012, report dates, as applicable, institutions may provide reasonable estimates for any new or revised Call Report item 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 Call Reports at your institution. For further information about the reporting revisions, state member banks should contact their Federal Reserve District Bank. National banks, savings associations, and FDIC-supervised banks 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.
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Last Updated 3/2/2012 | communications@fdic.gov |