Banking agencies finalize some call report changes, invite added comment on others

Federal banking agencies have adopted some of the revisions proposed in February to the call report filed by federally supervised banking organizations but will make those effective as of the Sept. 30, 2023, report date instead of June 30, according to a Financial Institution Letter (FIL) Tuesday from the Federal Deposit Insurance Corp. (FDIC).

Additional comments on other provisions will be accepted until July 13, it said.

Among the revisions proposed in February was a reduction in the level of detail required to be reported with respect to the FDIC’s loss-sharing agreements with institutions acquiring assets from failed banks or purchased from the FDIC. Also proposed were removal of an item related to negative-amortization loans; removal of an item related to the Federal Reserve’s Money Market Mutual Fund Liquidity Facility (which was created amid the height of the COVID-19 pandemic); plan for eventual removal of items related to the Paycheck Protection Program; and a couple process changes.

In its FIL-31-2023, the FDIC said the agencies (including it plus the Federal Reserve and the Office of the Comptroller of the Currency [OCC]) are proceeding with changes to the reporting forms and instructions for the call report, but with modifications.

“After further deliberation and recent loss-share transactions established by the FDIC, the agencies decided to retain certain items related to FDIC loss-sharing agreements that had been proposed for removal,” the letter states. “These items are necessary solely for FDIC deposit insurance assessment purposes. The agencies are proceeding with the revisions to the reporting forms and instructions for the FFIEC 002, as proposed.”

In addition to the delayed effective date, the FIL noted that:

  • Two comments were received on the reporting of certain Federal Home Loan Mortgage Corporation and similar securitization structures, and the agencies “are continuing to review the original clarification and the new item proposed by one of the commenters.”
  • The agencies are proposing clarifications to the reporting instructions for certain items on Schedule RC-T, Fiduciary and Related Services, as of the Sept. 30, 2023, report date.

The FIL states that the banking agencies will accept comments on these items until July 13.

FDIC FIL-31-2023