Federal Deposit Insurance
Corporation
550 17th Street NW, Washington, DC 20429-9990
Financial Institution Letter
FIL-55-2016
August 17, 2016
PROPOSED NEW CONSOLIDATED REPORTS OF CONDITION AND INCOME FOR SMALL
INSTITUTIONS
Summary: The banking agencies are requesting comment on a proposed new streamlined and less burdensome
version of the Consolidated Reports of Condition and Income (Call Report) for eligible small institutions and proposed
burden-reducing revisions to the other two versions of the Call Report. The proposal would define "eligible small
institutions" as institutions with total assets less than $1 billion and domestic offices only. The Federal Financial
Institutions Examination Council (FFIEC) has approved this proposal as part of its community bank Call Report burden-
reduction initiative. The Call Report revisions are proposed to take effect March 31, 2017. Institutions are encouraged
to comment on the proposal by October 14, 2016.
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 Banks (Commercial and
Savings) and FDIC-Supervised Savings
Associations
Suggested Routing:
Chief Financial Officer/
Chief Accounting Officer
Call Report Preparer
Related Topics:
FIL-53-2016, August 15, 2016, Proposed
New Consolidated Reports of Condition
and Income (Call Report) for Eligible
Small Institutions and Other Proposed
Call Report Revisions
Attachment:
Initial Paperwork Reduction Act Federal
Register Notice, August 15, 2016 - PDF
(PDF Help)
Contact:
FDIC's Data Collection and Analysis
Section at 800-688-3342 or insurance-
research@fdic.gov
Note:
FDIC Financial Institution Letters (FILs)
may be accessed from the FDIC's website
at https://www.fdic.gov/news/news/financi
al/2016/.
To receive FILs electronically, please visit
http://www.fdic.gov/about/
subscriptions/fil.html.
Paper copies may be obtained through
the FDIC's Public Information Center,
3501 Fairfax Drive, E-1002, Arlington, VA
22226 (877-275-3342 or 703-562-2200).
Highlights:
The proposed new FFIEC 051 Call Report for eligible small institutions is
a modified version of the FFIEC 041 Call Report that has been created
by:
o Adding a Supplemental Schedule to collect indicator questions and
indicator data items on certain complex and specialized activities
that replace all or part of six schedules (and other related items)
currently included in the FFIEC 041;
o Eliminating data items identified during interagency reviews of
existing Call Report data items as no longer necessary for collection
from institutions with total assets less than $1 billion and domestic
offices only;
o Reducing the frequency of data collection for certain data items
identified as needed less often than quarterly from institutions with
total assets less than $1 billion and domestic offices only; and
o Removing all data items for which a $1 billion asset-size reporting
threshold currently exists.
A prototype FFIEC 051 Call Report form and a redlined FFIEC 041
report form showing the changes made in creating the proposed new
FFIEC 051 are available on the FFIEC's website
at http://www.ffiec.gov/forms051.htm.
For the FFIEC 041 and FFIEC 031 Call Reports, the agencies are
proposing to eliminate certain data items and create new or increase
existing reporting thresholds for other data items.
Institutions should review FIL-53-2016 and the agencies' Federal
Register notice for further information about the proposed new FFIEC
051 Call Report for eligible small institutions and the proposed changes
to the FFIEC 041 and FFIEC 031 Call Reports as well as methods for
submitting comments on the proposal.Inactive
Corporation
550 17th Street NW, Washington, DC 20429-9990
Financial Institution Letter
FIL-55-2016
August 17, 2016
PROPOSED NEW CONSOLIDATED REPORTS OF CONDITION AND INCOME FOR SMALL
INSTITUTIONS
Summary: The banking agencies are requesting comment on a proposed new streamlined and less burdensome
version of the Consolidated Reports of Condition and Income (Call Report) for eligible small institutions and proposed
burden-reducing revisions to the other two versions of the Call Report. The proposal would define "eligible small
institutions" as institutions with total assets less than $1 billion and domestic offices only. The Federal Financial
Institutions Examination Council (FFIEC) has approved this proposal as part of its community bank Call Report burden-
reduction initiative. The Call Report revisions are proposed to take effect March 31, 2017. Institutions are encouraged
to comment on the proposal by October 14, 2016.
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 Banks (Commercial and
Savings) and FDIC-Supervised Savings
Associations
Suggested Routing:
Chief Financial Officer/
Chief Accounting Officer
Call Report Preparer
Related Topics:
FIL-53-2016, August 15, 2016, Proposed
New Consolidated Reports of Condition
and Income (Call Report) for Eligible
Small Institutions and Other Proposed
Call Report Revisions
Attachment:
Initial Paperwork Reduction Act Federal
Register Notice, August 15, 2016 - PDF
(PDF Help)
Contact:
FDIC's Data Collection and Analysis
Section at 800-688-3342 or insurance-
research@fdic.gov
Note:
FDIC Financial Institution Letters (FILs)
may be accessed from the FDIC's website
at https://www.fdic.gov/news/news/financi
al/2016/.
To receive FILs electronically, please visit
http://www.fdic.gov/about/
subscriptions/fil.html.
Paper copies may be obtained through
the FDIC's Public Information Center,
3501 Fairfax Drive, E-1002, Arlington, VA
22226 (877-275-3342 or 703-562-2200).
Highlights:
The proposed new FFIEC 051 Call Report for eligible small institutions is
a modified version of the FFIEC 041 Call Report that has been created
by:
o Adding a Supplemental Schedule to collect indicator questions and
indicator data items on certain complex and specialized activities
that replace all or part of six schedules (and other related items)
currently included in the FFIEC 041;
o Eliminating data items identified during interagency reviews of
existing Call Report data items as no longer necessary for collection
from institutions with total assets less than $1 billion and domestic
offices only;
o Reducing the frequency of data collection for certain data items
identified as needed less often than quarterly from institutions with
total assets less than $1 billion and domestic offices only; and
o Removing all data items for which a $1 billion asset-size reporting
threshold currently exists.
A prototype FFIEC 051 Call Report form and a redlined FFIEC 041
report form showing the changes made in creating the proposed new
FFIEC 051 are available on the FFIEC's website
at http://www.ffiec.gov/forms051.htm.
For the FFIEC 041 and FFIEC 031 Call Reports, the agencies are
proposing to eliminate certain data items and create new or increase
existing reporting thresholds for other data items.
Institutions should review FIL-53-2016 and the agencies' Federal
Register notice for further information about the proposed new FFIEC
051 Call Report for eligible small institutions and the proposed changes
to the FFIEC 041 and FFIEC 031 Call Reports as well as methods for
submitting comments on the proposal.Inactive