Financial Institution Letter
FIL-22-2019
April 19, 2019
CONSOLIDATED REPORTS OF CONDITION AND INCOME
Summary: The Consolidated Reports of Condition and Income (Call Report) for the March 31, 2019, report date
must be submitted to the agencies' Central Data Repository (CDR) by Tuesday, April 30, 2019. Certain
institutions with foreign offices have an additional five calendar days to file their reports. The Call Report for this
quarter includes revisions that primarily address changes in the accounting for credit losses under the Financial
Accounting Standards Board’s Accounting Standards Update No. 2016-13 (ASU 2016-13).
Statement of Applicability to Institutions With Total Assets Under $1 Billion: This Financial Institution Letter
applies to all FDIC-supervised banks and savings associations, including community institutions.
Distribution:
FDIC-Supervised Institutions
Highlights:
• The Call Report forms for first quarter 2019 are available on the
Federal Financial Institutions Examination Council’s (FFIEC)
website at https://www.ffiec.gov/ffiec_report_forms.htm and the
FDIC’s website at www.fdic.gov/callreports.
• The agencies are revising several Call Report schedules this
quarter in response to the new accounting standard on credit
losses. The changes to the Call Report also implement the
agencies’ recent revisions to the regulatory capital rules, which
include a regulatory capital transition for the effects of the initial
adoption of the current expected credit losses methodology in
ASU 2016-13.
• Because ASU 2016-13 has different effective dates for different
institutions and permits early adoption in 2019, the changes to
the Call Report related to credit losses will be phased in between
March 31, 2019, and December 31, 2022.
• Separate updates to the instruction book for the FFIEC 051
Call Report and the instruction book for the FFIEC 031 and
FFIEC 041 Call Reports for first quarter 2019 soon will be
available on the FFIEC’s and the FDIC’s websites.
• Eligible small institutions, generally those with domestic offices
only and total assets less than $1 billion as of June 30, 2018,
have the option to file the FFIEC 051 or the FFIEC 041 Call
Report as of the March 31, 2019, report date. Such institutions
are expected to file the same report form, either the FFIEC 051
or the FFIEC 041, for each quarterly report date during 2019.
• Institutions should review FIL-21-2019 and the accompanying
Supplemental Instructions for further information on the first
quarter 2019 Call Report.
• The agencies are continuing to consider the comments received
on a proposal to reduce reporting for certain institutions with less
than $5 billion in total assets in the Call Report (see FIL 74-2018,
dated November 19, 2018). The proposal includes revisions to
the FFIEC 051 reporting requirements that, if finalized, would
take effect no earlier than September 30, 2019.
• This FIL expires one year after issuance.
Suggested Routing:
Chief Financial Officer
Chief Accounting Officer
Call Report Preparer
Related Topics:
FIL-21-2019, April 18, 2019, Consolidated Reports
of Condition and Income for First Quarter 2019
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/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).
Federal Deposit Insurance Corporation
550 17th Street, NW, Washington, D.C. 20429-9990
FIL-22-2019
April 19, 2019
CONSOLIDATED REPORTS OF CONDITION AND INCOME
Summary: The Consolidated Reports of Condition and Income (Call Report) for the March 31, 2019, report date
must be submitted to the agencies' Central Data Repository (CDR) by Tuesday, April 30, 2019. Certain
institutions with foreign offices have an additional five calendar days to file their reports. The Call Report for this
quarter includes revisions that primarily address changes in the accounting for credit losses under the Financial
Accounting Standards Board’s Accounting Standards Update No. 2016-13 (ASU 2016-13).
Statement of Applicability to Institutions With Total Assets Under $1 Billion: This Financial Institution Letter
applies to all FDIC-supervised banks and savings associations, including community institutions.
Distribution:
FDIC-Supervised Institutions
Highlights:
• The Call Report forms for first quarter 2019 are available on the
Federal Financial Institutions Examination Council’s (FFIEC)
website at https://www.ffiec.gov/ffiec_report_forms.htm and the
FDIC’s website at www.fdic.gov/callreports.
• The agencies are revising several Call Report schedules this
quarter in response to the new accounting standard on credit
losses. The changes to the Call Report also implement the
agencies’ recent revisions to the regulatory capital rules, which
include a regulatory capital transition for the effects of the initial
adoption of the current expected credit losses methodology in
ASU 2016-13.
• Because ASU 2016-13 has different effective dates for different
institutions and permits early adoption in 2019, the changes to
the Call Report related to credit losses will be phased in between
March 31, 2019, and December 31, 2022.
• Separate updates to the instruction book for the FFIEC 051
Call Report and the instruction book for the FFIEC 031 and
FFIEC 041 Call Reports for first quarter 2019 soon will be
available on the FFIEC’s and the FDIC’s websites.
• Eligible small institutions, generally those with domestic offices
only and total assets less than $1 billion as of June 30, 2018,
have the option to file the FFIEC 051 or the FFIEC 041 Call
Report as of the March 31, 2019, report date. Such institutions
are expected to file the same report form, either the FFIEC 051
or the FFIEC 041, for each quarterly report date during 2019.
• Institutions should review FIL-21-2019 and the accompanying
Supplemental Instructions for further information on the first
quarter 2019 Call Report.
• The agencies are continuing to consider the comments received
on a proposal to reduce reporting for certain institutions with less
than $5 billion in total assets in the Call Report (see FIL 74-2018,
dated November 19, 2018). The proposal includes revisions to
the FFIEC 051 reporting requirements that, if finalized, would
take effect no earlier than September 30, 2019.
• This FIL expires one year after issuance.
Suggested Routing:
Chief Financial Officer
Chief Accounting Officer
Call Report Preparer
Related Topics:
FIL-21-2019, April 18, 2019, Consolidated Reports
of Condition and Income for First Quarter 2019
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/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).
Federal Deposit Insurance Corporation
550 17th Street, NW, Washington, D.C. 20429-9990