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Federal Deposit
Insurance Corporation

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

Financial Institution Letters

FIL-1-2017
January 4, 2017

New Consolidated Reports of Condition and Income (Call Report) for Small Institutions

Printable Format:

FIL-1-2017 - PDF (PDF Help)

Summary:

The Federal Financial Institutions Examination Council (FFIEC) has approved a new streamlined FFIEC 051 Call Report for eligible small institutions, which generally are institutions with domestic offices only and total assets of less than $1 billion. The implementation of this new report is part of the FFIEC's community bank Call Report burden-reduction initiative. The FFIEC also approved certain burden-reducing revisions to the existing FFIEC 031 and FFIEC 041 Call Reports. These revised Call Report requirements will take effect March 31, 2017, subject to approval by the U.S. Office of Management and Budget.

Statement of Applicability to Institutions under $1 Billion in Total Assets: This Financial Institution Letter applies to all FDIC-supervised banks and savings associations, including 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/2017/.

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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