Call Report for Banks - Recent Changes, Highlights, and Pitfalls

In July, 2016, the Agencies finalized the proposed changes to the September, 2016 and December, 2017 Call Reports. The revisions include burden-reducing changes, as well as revised items, and a couple of instructional changes.

In August, 2016, the Agencies also announced additional proposed revisions to the March, 2017 call report. For banks with less than $1 billion in assets, a new 051 form is proposed, which would reduce the number of pages in the call report from 85 to 60, and would eliminate 40% of the existing line items. The frequency of data collection is also proposed for some of the schedules. More changes are anticipated with an anticipated implementation date of March, 2018.

Basel III risk-based capital changes became effective with the first call report filing in 2015. The line items related to the Capital Conservation Buffer were required for the first time in March, 2016. We'll review clarifications on the risk reporting of loan categories, unused commitments, and interest rate locks.

Learn About:

2016/2017 Approved Revisions:

  • Elimination of items on certain restructured loans, certain assets covered by loss sharing agreements
  • Increases in reporting thresholds on RI-E, RC-D, RC-F, RC-G, RC-Q
  • Adding contact information for CEO
  • Adding additional preprinted captions in RC-F and RI-E
  • Increasing deposit size threshold used to report certain deposit information from $100,000 to $250,000 in RC-E, RI, and RC-K (March, 2017)
  • Revision of statements used to describe audit work on RC
  • RI 11, extraordinary items
  • Instruction update on reporting of net gains/losses and OTTI on equity securities that do not have readily determinable fair values
  • Elimination of certain items on Other than temporary impairment

March, 2017 Proposed Revisions:

  • New forms for banks with assets of less than $1 billion
  • Addition of a Supplemental Schedule
  • Elimination of several schedules
  • Changes to the Frequency of Data Collection on several schedules

Who Should Attend?

This update will benefit more experienced Call Report preparers, reviewers, and auditors. It will supplement annual comprehensive Call Report training recommended by bank regulators.