Streamlining changes to bank call reports finalized, agencies announce

Three federal banking agencies – the Federal Reserve Board (Fed), the Federal Deposit Insurance Corp. (FDIC), and the Office of the Comptroller of the Currency (OCC) – have finalized bank call report changes as part of their effort to reduce data reporting and other burdens, the regulators announced Friday as members of the Federal Financial Institutions Examination Council (FFIEC).

The changes would remove or consolidate a number of data items and add a new or raise certain existing reporting thresholds in the three versions of the call report filed by federally supervised banking institutions. Proposed in November 2017, the changes will take effect as of the June 30, 2018, report date, the agencies said in a release.

With these changes and prior call report revisions, approximately 51 percent of required data items for smaller, less complex institutions and 28 percent of required data items for all other institutions have been changed, the release says.

The agencies will conduct a webinar for bankers April 5 to discuss the call report revisions and other reporting changes.

These changes are subject to approval by the U.S. Office of Management and Budget (OMB); a joint notice for the Federal Register was released with Friday’s announcement.

The FDIC also addressed these changes and the April 5 webinar in a a Financial Institution Letter (FIL-13-2018).

Joint Notice for Federal Register

FDIC FIL 13-2018