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Federal Deposit
Insurance Corporation

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

Financial Institution Letters

FIL-36-2019
July 5, 2019

Reduced Reporting in Call Reports for Covered Depository Institutions

Printable Format:

FIL-36-2019 - PDF (PDF Help)

Summary:

The federal banking agencies have adopted the attached final rule to implement Section 205 of the Economic Growth, Regulatory Relief, and Consumer Protection Act. Section 205 requires the agencies to issue regulations to allow for reduced reporting in the reports of condition for the first and third calendar quarters of a year. The final rule expands the eligibility for filing 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, i.e., "covered depository institutions." The agencies also approved certain reporting changes to the FFIEC 051 Call Report that, along with the increase in the asset size threshold for filing this report, will take effect September 30, 2019, subject to approval by the U.S. Office of Management and Budget (OMB).

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/index.html.

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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