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2024 Call Report Update All Day Streaming

BREAKING NEWS!!! FIL 68-2023 published December 27, 2023. Be prepared for the June 30, 2024 revisions regarding loans to non-depository financial institutions, reporting on guaranteed structured financial products, and long-term debt. Join us as we discuss what's on the very near horizon!

Live Stream OnDemand
Recorded Thursday,
March 21st, 2024
Presented by Andrea Lambert
7h total length
6 CPE Credits
$849.00 or 3 Tokens

Includes: 12 months of OnDemand playback access

  • Accounting/Reporting
  • Auditing
  • Management/Employee Development
  • Reporting
  • Branch Manager
  • Compliance Officer
  • Controller/Accountant
  • Credit Analyst
  • Internal Auditor
  • Risk Manager
  • Senior Management
  • Trainer

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As we near the first reporting quarter of 2024, there’s anticipation about how the recent FASB revisions regarding Troubled Debt Restructurings (TDRs) and the removal of our existing terminology for modified loans will influence our Call Reporting practices.

This 6-hour live streaming webinar will update you on the latest developments in the Call Report. It will cover new, proposed, and revised changes, with a focus on specific Call Report line items that will have an impact from March 2024 onwards.

Participants will receive comprehensive handout materials, including a PDF of the presentation and additional documentation to support the topics discussed. While the focus will be on the FFIEC 041 and 051 reports, if your bank files the FFIEC 031 report, the information covered will still prove valuable.
Call Report preparation is a multifaceted task that demands a deep understanding of bank accounting, regulatory requirements, and various banking operations. Regulatory authorities highly recommend annual training to stay abreast of evolving standards. It's advisable for banks to designate individuals who are trained as both preparers and reviewers for this critical task.

What You'll Learn

Specific schedules will be thoroughly examined, including the fundamental reporting requirements for Schedule RI and Schedule RC, and other schedules and reporting items that tend to generate questions or result in common errors. This comprehensive approach will help participants gain a clear understanding of these critical reporting elements. Items discussed during this webinar will include:

  • Schedules RI-A and RI-E adjustments to retained earnings and transactions with holding companies
  • Reporting loan activities in Schedule RC-C, RC-M, RC-N and RC-L
  • Reporting deposits in Schedule RC-E, to include brokered, reciprocal and sweep arrangements
  • Reporting other assets and other liabilities correctly
  • Reporting average balances in Schedules RC-K and RC-O
  • A look at extensions of credit in Schedule RC-M
  • Risk weighting loans with targeted look as those loans included in the Residential Mortgage Exposure group
  • Loan coding coverage with a focus on areas that create questions
  • Eligibility under the CBLR framework with reduced RC-R reporting

A summary of the reporting impact and the implementation timelines for new Accounting Standards Updates (ASU) related to the following will be discussed:

  • A recap on Credit Loss Accounting (CECL) under ASU 2016-13 (ASC Topic No 326)
  • Reporting modified loans under ASU 2022-02 and ASC Topic 326
  • Reference Rate Reform ASC Topic 848
  • ASU 2022-01 Layering Method - Derivatives
  • ASU 2022-03 Fair value measures for equity securities with contractual restrictions
  • Staff Accounting Bulletin No 121 on Crypto-Asset safeguarding obligations
  • Reporting estimated uninsured deposits under FIL 54-2023 and FIL 37-2023

Who Should Attend

This program offers value to anyone involved in preparing, reviewing, or signing a Call Report, whether they're newcomers or seasoned professionals. To maximize the benefit of the program, please communicate specific areas of concern to the seminar organizers in advance so that we are sure to address these topics.

Field of Study:Accounting

Skill level:Basic

Prerequisites:None

Advanced Preparation:None

Andrea Lambert

Instructor Bio

Andrea Lambert is currently lending her skills as a trainer and consultant as a member of the 3PR staff. Andrea has over 20 years of banking experience with a broad range of financial and operational skills. She began her banking career as a part-time teller and bookkeeper as she completed her B.S. in Finance from Illinois State University. In 2005, she started a seven-year career with the Office of the Comptroller of the Currency as an associate national bank examiner, becoming familiar with rules and regulations, best practices, and success strategies as they relate to the call report process and the banking industry as a whole. In 2012, Andrea filled the cashier position at a local community bank. During the ten years she worked there, she was responsible for ensuring the accuracy of various operational components of the bank, with a focus on call report preparation.

Continuing Education Credit Information

2024 Call Report Update All Day Streaming has been approved for 6 CPE credits. Credits are redeemable for Live attendance only.

OnCourse Learning is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Students can contact OnCourse Learning via email at support@oncourselearning.com to lodge complaints or issues.

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