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This Document Has Been Retired.
Reduced Reporting in Call Reports for Covered Depository Institutions
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07/05/2019
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Description:The federal banking agencies have adopted the attached final rule to implement Section 205 of the Economic Growth, Regulatory Relief, and Consumer Protection Act. Section 205 requires the agencies to issue regulations to allow for reduced reporting in the reports of condition for the first and third calendar quarters of a year. The final rule expands the eligibility for filing the agencies' most streamlined report of condition, the FFIEC 051 Call Report, to include certain insured depository institutions with less than $5 billion in total consolidated assets that meet other criteria, i.e., "covered depository institutions." The agencies also approved certain reporting changes to the FFIEC 051 Call Report that, along with the increase in the asset size threshold for filing this report, will take effect September 30, 2019, subject to approval by the U.S. Office of Management and Budget (OMB).
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Content Notes:Supplemental document is a Federal Register (84 FR 29039). Peer to FIL-35-2019 (July 5, 2019) and FIL-74-2018 (November 19, 2018)
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Release Date:07/05/2019
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Update Date:07/05/2019
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Withdrawn Date:10/20/2020
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Agencies Involved:Federal Deposit Insurance Corporation (FDIC);Office of the Comptroller of the Currency (OCC);Board of Governors of the Federal Reserve System;Federal Financial Institutions Examination Council (FFIEC);Office of Management and Budget (OMB);
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Fdic Employee Involved:Andrew Overton;Nefretete Smith;Kathryn Marks;
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Law Involved:Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA)
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Related Regulation:12 CFR Part 304
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Source:FDIC Website
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Memorandum To:FDIC-Supervised Institutions
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Effective Date:07/22/2019
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FIL Number:FIL-36-2019
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