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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 -
July 1, 2016



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

The Federal Financial Institutions Examination Council (FFIEC) has approved revisions to the Call Report that will take effect September 30, 2016, and March 31, 2017.  These Call Report revisions were proposed by the three federal banking agencies, under the auspices of the FFIEC, in September 2015 (see FIL-39-2015, dated September 18, 2015).  The proposed revisions included certain burden-reducing changes, several new and revised Call Report data items, and a number of instructional clarifications.  After considering the comments received on the proposal, the FFIEC and the agencies are proceeding with most of the proposed reporting changes, with some modifications.  The U.S. Office of Management and Budget must approve the revisions to the Call Report before they can be implemented. 

The Call Report revisions proposed in September 2015 that the FFIEC and the agencies have now finalized, as outlined below, are part of an initiative launched by the FFIEC in December 2014 to identify potential opportunities to reduce burden associated with Call Report requirements for community banks.  The FFIEC undertook this initiative in response to industry concerns about the cost and burden arising from the Call Report preparation process.  As another element of this initiative, the FFIEC and the agencies have considered options for a streamlined, less burdensome Call Report for eligible small institutions.  The FFIEC and agencies anticipate publishing a proposal later this year that would meaningfully expand the burden-reducing changes to the Call Report beyond those included in the September 2015 proposal.   

The Call Report changes that would take effect September 30, 2016, are summarized as follows:

The following Call Report revisions would take effect March 31, 2017:

The agencies are not proceeding with a proposed instructional clarification addressing the reporting in the Call Report of securities for which a fair value option is elected for measurement purposes and a related revision to the data reported on certain securities measured under a fair value option in Schedule RC-Q.  The agencies also are not implementing a proposed instructional clarification regarding the reporting of home equity lines of credit that convert from revolving to non-revolving status in Schedule RC-C, Part I, and certain other schedules.

To assist you in preparing for the changes to the Call Report, drafts of the revised Call Report schedules and draft instructions for the reporting changes are available on the FFIEC’s website ( 

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

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