Banking agencies finalize changes to call reports reflecting new CBLR, other regulatory revisions

Changes to banking organizations’ call reports – which will include the new community bank leverage ratio (CBLR) framework and other 2019 regulatory amendments – have been finalized by the federal banking agencies, according to a letter released Wednesday.

In a financial institution letter (FIL), the Federal Deposit Insurance Corp. (FDIC) said it and the Federal Reserve and Office of the Comptroller of the Currency (OCC) have finalized the changes proposed last fall to the reporting forms and instructions for the call reports and the form FFIEC 101, which is for firms subject to the advanced capital adequacy framework. (Reporting changes arising from the proposed total loss absorbing capacity holdings rule, however, has yet to be finalized).

In general, according to the agencies, the modifications made to the final forms relate to the disclosure of an institution’s election of the CBLR framework, a change in the scope of the FFIEC 031 Call Report, and the reporting of home equity lines of credit that convert from revolving to non-revolving status.

The reporting revisions that implement various changes to the agencies’ capital rule would take effect in the same quarters as the effective dates of the capital rule changes (that is, primarily as of the March 31 and June 30, 2020, report dates). Call report revisions applicable to operating lease liabilities and home equity lines of credit would take effect in the first quarters of 2020 and 2021, respectively.

FDIC FIL-11-2020 Regulatory Reporting Revisions to the Consolidated Reports of Condition and Income (Call Report) and the FFIEC 101 Report