Press Release
For immediate release November 2, 2017

 

Banking Agencies Propose More Revisions to Streamline the Call Report


The three federal banking agencies, as members of the Federal Financial Institutions Examination Council (FFIEC), are proposing additional revisions to streamline the "Call Report" as part of their efforts to reduce data reporting and other burdens for financial institutions.


The latest proposal from the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency will remove or consolidate a number of data items and add a new or raise certain existing reporting thresholds in the three versions of the Call Report.


The agencies previously proposed burden-reducing Call Report revisions in August 2016 and June 2017. Collectively, these proposals have introduced burden-reducing changes affecting approximately 51 percent of required data items for smaller, less complex institutions, and 28 percent of required data items for all other institutions.


All institutions, regardless of size, submit a quarterly Call Report that includes data used by regulators to monitor the condition, performance, and risk of individual institutions and the industry as a whole.


Comments on the proposed revisions will be accepted for 60 days after the date of their publication in the Federal Register. The proposed revisions would take effect as of the June 30, 2018, report date.


Attachment:

Call Report Federal Register Notice (PDF)


Media Contacts:

FDIC Greg Hernandez (202) 898-6984
Federal Reserve Eric Kollig (202) 452-2955
OCC Stephanie Collins (202) 649-6870

The FFIEC was established in March 1979 to prescribe uniform principles, standards, and report forms and to promote uniformity in the supervision of financial institutions. It also conducts schools for examiners employed by the five federal member agencies represented on the FFIEC and makes those schools available to employees of state agencies that supervise financial institutions. The Council consists of the following six voting members: a member of the Board of Governors of the Federal Reserve System; the Chairman of the Federal Deposit Insurance Corporation; the Director of the Consumer Financial Protection Bureau; the Comptroller of the Currency; the Chairman of the National Credit Union Administration; and the Chairman of the State Liaison Committee.