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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Financial Institution Letters

FIL-40-2015
September 22, 2015

Consolidated Reports of Condition and Income

Printable Format:

FIL-40-2015 - PDF (PDF Help)

Summary:

The Federal Financial Institutions Examination Council (FFIEC) has approved a number of proposed burden-reducing changes to the Consolidated Reports of Condition and Income (Call Report) as part of its community bank Call Report burden-reduction initiative. This initiative is described in the attached Federal Register notice. The proposed Call Report changes also include certain new and revised data items and instructional revisions. The Call Report revisions would take effect December 31, 2015, or March 31, 2016, depending on the change. Institutions and others are invited to comment on the proposal by November 17, 2015.

Statement of Applicability to Institutions under $1 Billion in Total Assets: This Financial Institution Letter applies to all FDIC-supervised commercial and savings banks, including community institutions. Institutions under $1 billion in total assets should benefit from the proposed burden-reducing changes. Because of the nature of the proposed new and revised data items, they should have a limited impact on community institutions.

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Note:

FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's website at https://www.fdic.gov/news/news/financial/2015/.

To receive FILs electronically, please visit https://www.fdic.gov/about/subscriptions/fil.html.

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

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