Changes to call reports to bring them in sync with proposed, new capital rules planned

Revisions to call reports to synchronize them with proposed, new regulatory capital rules would take effect for the third quarter of next year, the federal deposit insurance agency said Wednesday.

According to the Federal Deposit Insurance Corp. (FDIC), in its Financial Institution Letter (FIL) 3-2024, the effective date for the revised call reports would be for the Sept. 30, 2025, report date. That is consistent, the agency said, with the proposed July 1, 2025, effective date for the proposed capital rule. The comment period for the proposed rule closed Jan. 16, the FDIC noted.

The FDIC described the changes to the call report as “only making technical revisions” to the call reports, which are published under the auspices of the Federal Financial Institutions Examination Council (FFIEC). Specifically, the changes include:

  1. Revise the FFIEC 041 and FFIEC 051, Schedule RC-R, Part I, to remove items that are no longer relevant and make other technical edits;
  2. Revise the FFIEC 031 instructions to require all banks subject to the expanded risk–based approach under the proposed capital rule to file the FFIEC 031; and
  3. Revise the FFIEC 031, Schedule RC–R, Part I, Regulatory Capital Components and Ratios, to align the calculation of regulatory capital for institutions subject to Category III or Category IV standards with the calculation used for institutions subject to Category I and Category II standards.

Comments are due on the call report changes by March 26.

Proposed Revisions to the Consolidated Reports of Condition and Income (Call Report) Related to the Agencies’ Regulatory Capital Proposal

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