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Federal Deposit
Insurance Corporation

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

Financial Institution Letters

FIL-75-2018
November 20, 2018

Reduced Reporting for Covered Depository Institutions

Printable Format:

FIL-75-2018 - PDF (PDF Help)

Summary:

On November 19, 2018, the federal banking agencies published the attached Notice of Proposed Rulemaking (NPR) that would implement Section 205 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Act) by: (1) expanding the eligibility to file the agencies' most streamlined report of condition, the FFIEC 051 Call Report, to include certain insured depository institutions with less than $5 billion in total consolidated assets that meet other criteria; and (2) establishing the FFIEC 051 Call Report as the version of the Call Report that provides reduced reporting for the first and third calendar quarters of a year. The agencies also are proposing to reduce the amount of data required to be reported in the FFIEC 051 Call Report for the first and third calendar quarters and make other related changes to this Call Report.

Statement of Applicability to Institutions With Total Assets Under $1 Billion: This Financial Institution Letter applies to FDIC-supervised institutions with less than $5 billion in total assets.

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Note:

FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's website at www.fdic.gov/news/news/financial/2018/.

To receive FILs electronically, please visit 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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