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Inactive Financial Institution Letters

  Federal Financial Institutions Examination Council

3501 Fairfax Drive - Room B7081a - Arlington, VA 22226-3550 - (703) 516-5588 - FAX (703) 562-6446 -
September 18, 2015



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

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 would take effect December 31, 2015, or March 31, 2016, depending on the nature of the change.  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 November 17, 2015.  The FFIEC and the agencies will review and consider the comments as they finalize the revisions to the Call Report.

This Call Report proposal is one element of a formal initiative launched by the FFIEC in December 2014 to identify potential opportunities to reduce burden associated with Call Report requirements for community banks.  In embarking on this initiative, the FFIEC is responding to industry concerns about the cost and burden arising from the Call Report preparation process.  The FFIEC's burden-reduction initiative comprises actions in five areas, which are summarized as follows:

As a foundation for these actions, the FFIEC has developed a set of guiding principles for use in evaluating potential additions and deletions of Call Report data items and other revisions to the Call Report.  The attached Federal Register notice provides further information about the community bank Call Report burden-reduction initiative and the guiding principles.

In proceeding with the first action above, the agencies have identified and are proposing a number of burden-reducing changes to the Call Report.  Additional burden-reducing changes to the Call Report are expected to result from other actions taken under the FFIEC's formal initiative.  The agencies' proposal also includes certain new and revised Call Report data items, but because of the nature of these changes, they should have a limited impact on community institutions.  The proposal also contains instructional clarifications and revisions.  The proposed reporting changes, which would take effect in December 2015 unless otherwise indicated, include:

For the Call Report revisions proposed to take effect in December 2015, the agencies invite comment on difficulties institutions would encounter in implementing any of these revisions in their year-end 2015 Call Reports.

To help you understand the proposed changes to the Call Report, drafts of the Call Report schedules that are proposed to be revised are available on the FFIEC's website (  Draft instructions for the proposed reporting changes will be posted on the FFIEC's website during the comment period for the proposal. 

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 email at

Judith E. Dupré
Executive Secretary

Attachments: Initial Paperwork Reduction Act Federal Register Notice - PDF (PDF Help)

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