Call Report - Validation Criteria

Notice on Validation Criteria

The Call Report Agencies (FRB, OCC, FDIC) have been collaborating on a series of strategies to achieve efficiencies in the processing of Call Report data. One initial step in the modernization efforts is interagency agreement on a unified set of validation criteria, acceptable to each agency and applicable to all reporting banks. Banks and/or Call Report software vendors are asked to integrate the validation criteria into their routine processing, so as to ensure the highest data integrity possible at the time of submission.

While future modernization strategies plan to use the Extensible Business Reporting Language (XBRL) to further standardize and expedite data exchange, the banking agencies have taken an interim step to ensure that all reporting banks have the benefit of the most recent validation criteria in use by the regulators. These criteria have been translated to an algebraic format to ensure clarity and ease of use by Call Report software vendors, interested banks, and analysts who use them. Effective immediately, all Call Report validation criteria will be defined in a Boolean logic format and distributed in an Excel spreadsheet, to facilitate integration into the day to day usage by software vendors and banks.

It has taken several months of analytical and conversion work to prepare the baseline set of validations in Boolean format. The March 31, 2002 validation criteria for the Report of Income statement is posted here for reference. Work continues for issuing validation criteria that relates to subsequent quarters in the new format. The schedule below shows the approximate timing of future releases of reformatted validation criteria:

Reporting Quarter Release Date
March 31, 2002 (entire report) June 30, 2002
June 30, 2002 July 15, 2002
September 30, 2002 July 31, 2002*

*Please note that since no report form changes are anticipated for the September 30 report, the validation criteria for it will be essentially the same as those for the June 30 report.

If you have any questions about the use or content of these validation criteria, please contact Jon Wisnieski at 202-736-0528 or e-mail him at [email protected].


March 31, 2002 validation criteria for the Report of Income statement expressed in Boolean logic: PDF | Excel