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Regulators Propose Call Report Changes

Posted on 9/15/2015

The banking regulatory agencies recently proposed a number of changes to the Call Report in an effort to reduce the reporting burden, particularly on smaller institutions. In addition, the agencies indicated that they will review the feasibility of a short-form Call Report for smaller institutions by the end of this year and that the next review of Call Report items, which was initially scheduled for 2017, will be accelerated.

The proposed changes would eliminate certain entries, increase the reporting thresholds for other entries and revise reporting instructions for others. The proposal also revises some entries to correspond with changes in federal law, including raising the time deposit size threshold to correspond with higher FDIC insurance limits. The regulators stated that once finalized, the proposed reporting changes will take effect in either December 2015 or March 2016. Comments on the proposal are due 60 days after it is published in the Federal Register.

In related news: Community banks are hoping regulators' recent decision to drop certain items from call reports is just the beginning of supervisory efforts to streamline the forms to reduce their burden. The FFIEC announced that it was taking some immediate steps to reduce some of the call report burden, including eliminating some requirements and adjusting reporting thresholds. For example, the FFIEC raised the threshold for reporting insured time deposits to $250,000 from $100,000 (to match the existing deposit insurance limit).

Though the industry welcomed the changes, they were viewed as minor alterations. Bankers are hoping, however, that it is a signal the agencies intend to make more significant steps down the road.

To read the proposal visit: http://www.ffiec.gov/press/PDF/2015xInitialF_%20Notice090715final.pdf



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