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Financial Institution Letters

Federal Financial Institutions Examination Council



3501 Fairfax Drive - Room B7081a - Arlington, VA 22226-3550 - (703) 516-5588 - FAX (703) 562-6446 - http://www.ffiec.gov
FIL-10-2017
March 2, 2017

Printable Format:

FIL-10-2017 - PDF (PDF Help)

DEPOSITORY INSTITUTION REPORTS

TO: CHIEF EXECUTIVE OFFICER (also of interest to Chief Financial Officer)
SUBJECT: Webinar on the New Consolidated Reports of Condition and Income (Call Report) for Small Institutions and Other Call Report Revisions Scheduled for March 8

As the Federal Financial Institutions Examination Council (FFIEC) previously advised, the federal banking agencies are implementing a new streamlined FFIEC 051 Call Report for eligible small institutions and other burden-reducing changes to the existing versions of the Call Report effective March 31, 2017 (see FIL-82-2016, dated December 30, 2016). "Eligible small institutions" are institutions with domestic offices only and total assets of less than $1 billion, excluding those that are advanced approaches institutions for regulatory capital purposes. These revisions to the Call Report requirements are subject to approval by the U.S. Office of Management and Budget.

On Wednesday, March 8, 2017, from 2:00 p.m. to 3:30 p.m., Eastern Time, the banking agencies, under the auspices of the FFIEC, will conduct a webinar for bankers to introduce the new FFIEC 051 Call Report, explain its content and how it differs from the existing FFIEC 041 Call Report, and summarize the revisions to the FFIEC 031 and FFIEC 041 Call Reports. A question-and-answer period will follow the presentation.

Presentation Materials - PDF

Audio Recording of the Webinar (ffiec.gov)

All institutions are invited to participate in the webinar. Advance registration is not required. Participants can join the event directly at https://www.mymeetings.com/nc/join.php?i=PWXW3041666&p=7828705&t=c beginning as early as 30 minutes before the scheduled start of the webinar. Alternatively, participants can access the webinar at https://www.mymeetings.com/nc/join/ and enter conference number PWXW3041666 and passcode 7828705. Telephone access to the webinar will be available at 888-972-6894 or 517-308-9088 using passcode 7828705.

Institutions are encouraged to submit questions before the webinar by emailing CallReportsTaskForce@occ.treas.gov.

To assist you in understanding the revised Call Report requirements, a prototype copy of the new FFIEC 051 report form, a redlined copy of the FFIEC 041 report form showing the changes made to this report to create the FFIEC 051, and draft instructions for the FFIEC 051 are available on the FFIEC's website at https://www.ffiec.gov/forms051.htm. In addition, redlined drafts of the FFIEC 031 and FFIEC 041 report forms reflecting the revisions scheduled to take effect March 31, 2017, are available on the FFIEC’s website at https://www.ffiec.gov/forms031.htm and https://www.ffiec.gov/forms041.htm, respectively. Separate lists detailing the Call Report schedules and data items affected by the creation of the FFIEC 051 Call Report and the revision of the existing FFIEC 041 and FFIEC 031 Call Reports also are on the FFIEC’s website.

Please forward this letter to the person responsible for preparing Call Reports at your institution. For further information on the revisions to the Call Report requirements, institutions should contact their assigned Call Report analyst. If you do not know the analyst assigned to your institution, state member institutions should contact their Federal Reserve District Bank; national institutions, insured state nonmember banks, and savings associations should call the FDIC’s Data Collection and Analysis Section in Washington, D.C., at (800) 688-FDIC (3342).

Judith E. Dupré
Executive Secretary

Distribution: Insured State Nonmember Banks, National Institutions, State Member Institutions, and Savings Associations

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