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Home > News & Events > Inactive Financial Institution Letters |
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Inactive Financial Institution Letters
Printable Format:
The Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Board), and the Office of the Comptroller of the Currency (collectively, the agencies) are requesting comment on proposed revisions to the Call Report that generally would take effect in June 2013. The agencies encourage you to review the proposal, which has been approved by the Federal Financial Institutions Examination Council (FFIEC), and comment on those aspects of interest to you. You may send comments to any or all of the agencies by the methods described in the attached Federal Register notice. All comments must be submitted by April 22, 2013. The FFIEC and the agencies will review and consider all comments as they finalize the revisions to the Call Report. The revisions are intended to provide data needed for safety-and-soundness or other public purposes that will aid the FFIEC member agencies in carrying out their missions and responsibilities. The proposed new and revised Call Report data items would be implemented as of the June 30, 2013, report date, except for one proposed revision of limited applicability that would be collected annually beginning December 31, 2013. The proposed reporting changes include:
To help you understand the proposed changes to the Call Report, drafts of the Call Report schedules that are proposed to be revised in 2013 are available on the FFIEC's Web site (www.ffiec.gov/ffiec_report_forms.htm). Draft instructions for the proposed reporting changes will be posted on the FFIEC's Web site later in March. Memorandum items 5.a and 5.b of Call Report Schedule RC-O collect data on the amount and number of noninterest-bearing transaction accounts of more than $250,000. Under the Dodd-Frank Act, these accounts were covered by temporary unlimited deposit insurance through December 31, 2012. To enable the agencies to monitor the behavior of these deposit accounts following the expiration of the unlimited insurance coverage, the agencies will continue to collect these Memorandum items in the March 2013 and future Call Reports, subject to further review and reconsideration of the collection of these data. The agencies invite comments on the continued reporting of this information. As previously announced, a new Schedule RI-C, Disaggregated Data on the Allowance for Loan and Lease Losses, will be added to the Call Report effective March 31, 2013 (see FIL-54-2012, dated December 28, 2012). This new schedule will be applicable to institutions with $1 billion or more in total assets. Drafts of the Schedule RI-C report form and instructions are available for review on the FFIEC's Web site. For the March 31, 2013, report date, institutions may provide reasonable estimates for the amounts required to be reported in Schedule RI-C if 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 proposed 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 03/11/2013 | communications@fdic.gov |