Financial Institution Letter
FIL-12-2019
March 8, 2019
REVISIONS TO THE CONSOLIDATED REPORTS OF CONDITION
AND INCOME AND OTHER REGULATORY REPORTS
Summary: The banking agencies, under the auspices of the Federal Financial Institutions Examination Council
(FFIEC), have finalized revisions to the Consolidated Reports of Condition and Income (Call Report) and certain
other FFIEC reports that primarily address changes in the accounting for credit losses under the Financial
Accounting Standards Board’s Accounting Standards Update (ASU) 2016-13. Other revisions to these reports
result from the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) and relate to the
reporting of high volatility commercial real estate (HVCRE) exposures and reciprocal deposits. These revisions,
which were issued for comment in September 2018, are subject to approval by the U.S. Office of Management
and Budget.
Statement of Applicability to Institutions under $1 Billion in Total Assets: This Financial Institution Letter
applies to all FDIC-supervised banks and savings associations, including community institutions.
Distribution:
FDIC-Supervised Institutions
Highlights:
The changes related to credit loss reporting affect all three
versions of the Call Report (FFIEC 031, FFIEC 041, and
FFIEC 051), as well as the following FFIEC reports that are
applicable to a limited number of institutions:
o Foreign Branch Report of Condition (FFIEC 030),
o Abbreviated Foreign Branch Report of Condition
(FFIEC 030S), and
o Regulatory Capital Reporting for Institutions Subject to the
Advanced Capital Adequacy Framework (FFIEC 101).
The changes to the Call Report and the FFIEC 101 report
implement the agencies’ recent revisions to the regulatory
capital rules for the current expected credit losses (CECL)
methodology in ASU 2016-13, including a CECL regulatory
capital transition.
Because ASU 2016-13 has different effective dates for
different institutions, the reporting changes related to credit
losses will be phased in between March 31, 2019, and
December 31, 2022.
The reporting changes involving the reporting of HVCRE
exposures and reciprocal deposits arise from two sections of
EGRRCPA that were effective upon enactment on May 24,
2018. As a consequence, these changes affected reporting in
the Call Report and the FFIEC 101 report beginning as of the
June 30, 2018, report date.
Redlined copies of the FFIEC report forms showing the
reporting changes related to credit losses are available on the
report forms webpage on the FFIEC’s website.
The agencies currently are considering the comments
received on a separate proposal to implement Section 205 of
EGRRCPA on reduced reporting for covered institutions in the
Call Report (see FIL 74-2018, dated November 19, 2018).
Although the proposal included revisions to the FFIEC 051
reporting requirements that were proposed to take effect
March 31, 2019, these reporting changes, if finalized, would
take effect no earlier than June 30, 2019.
Suggested Routing:
Chief Financial Officer
Chief Accounting Officer
Call Report Preparer
Related Topics:
FIL-10-2019, March 6, 2019, Revisions to the
Consolidated Reports of Condition and Income
(Call Report) and Certain Other Regulatory Reports
FIL-41-2017, September 6, 2017, New Accounting
Standard on Credit Losses: Frequently Asked
Questions
FIL-39-2016, June 17, 2016, Joint Statement on
New Accounting Standard on Financial Instruments
– Credit Losses
Attachment:
Final Paperwork Reduction Act Federal Register
Notice
Contact:
FDIC’s Data Collection and Analysis Section at
800-688-3342 or FDICInfoReq@fdic.gov.
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/index.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).
Federal Deposit Insurance Corporation
550 17th Street, NW, Washington, D.C. 20429-9990
FIL-12-2019
March 8, 2019
REVISIONS TO THE CONSOLIDATED REPORTS OF CONDITION
AND INCOME AND OTHER REGULATORY REPORTS
Summary: The banking agencies, under the auspices of the Federal Financial Institutions Examination Council
(FFIEC), have finalized revisions to the Consolidated Reports of Condition and Income (Call Report) and certain
other FFIEC reports that primarily address changes in the accounting for credit losses under the Financial
Accounting Standards Board’s Accounting Standards Update (ASU) 2016-13. Other revisions to these reports
result from the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) and relate to the
reporting of high volatility commercial real estate (HVCRE) exposures and reciprocal deposits. These revisions,
which were issued for comment in September 2018, are subject to approval by the U.S. Office of Management
and Budget.
Statement of Applicability to Institutions under $1 Billion in Total Assets: This Financial Institution Letter
applies to all FDIC-supervised banks and savings associations, including community institutions.
Distribution:
FDIC-Supervised Institutions
Highlights:
The changes related to credit loss reporting affect all three
versions of the Call Report (FFIEC 031, FFIEC 041, and
FFIEC 051), as well as the following FFIEC reports that are
applicable to a limited number of institutions:
o Foreign Branch Report of Condition (FFIEC 030),
o Abbreviated Foreign Branch Report of Condition
(FFIEC 030S), and
o Regulatory Capital Reporting for Institutions Subject to the
Advanced Capital Adequacy Framework (FFIEC 101).
The changes to the Call Report and the FFIEC 101 report
implement the agencies’ recent revisions to the regulatory
capital rules for the current expected credit losses (CECL)
methodology in ASU 2016-13, including a CECL regulatory
capital transition.
Because ASU 2016-13 has different effective dates for
different institutions, the reporting changes related to credit
losses will be phased in between March 31, 2019, and
December 31, 2022.
The reporting changes involving the reporting of HVCRE
exposures and reciprocal deposits arise from two sections of
EGRRCPA that were effective upon enactment on May 24,
2018. As a consequence, these changes affected reporting in
the Call Report and the FFIEC 101 report beginning as of the
June 30, 2018, report date.
Redlined copies of the FFIEC report forms showing the
reporting changes related to credit losses are available on the
report forms webpage on the FFIEC’s website.
The agencies currently are considering the comments
received on a separate proposal to implement Section 205 of
EGRRCPA on reduced reporting for covered institutions in the
Call Report (see FIL 74-2018, dated November 19, 2018).
Although the proposal included revisions to the FFIEC 051
reporting requirements that were proposed to take effect
March 31, 2019, these reporting changes, if finalized, would
take effect no earlier than June 30, 2019.
Suggested Routing:
Chief Financial Officer
Chief Accounting Officer
Call Report Preparer
Related Topics:
FIL-10-2019, March 6, 2019, Revisions to the
Consolidated Reports of Condition and Income
(Call Report) and Certain Other Regulatory Reports
FIL-41-2017, September 6, 2017, New Accounting
Standard on Credit Losses: Frequently Asked
Questions
FIL-39-2016, June 17, 2016, Joint Statement on
New Accounting Standard on Financial Instruments
– Credit Losses
Attachment:
Final Paperwork Reduction Act Federal Register
Notice
Contact:
FDIC’s Data Collection and Analysis Section at
800-688-3342 or FDICInfoReq@fdic.gov.
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/index.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).
Federal Deposit Insurance Corporation
550 17th Street, NW, Washington, D.C. 20429-9990