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Call Report for Banks - Recent Changes, Highlights, and Pitfalls
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When: 9:00 AM
Where: United States

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Program Content:

In 2017, the Agencies approved a new 051 form for domestic banks with less than $1 billion in assets which reduced the number of pages in the call report and eliminated 40% of the existing line items. Further burden reducing changes were proposed in June, 2017 for the March, 2018 Call Report for both 051 and 041 filers. The proposal includes consolidation and/or removal of several more line items and reductions in the frequency of reporting for about a dozen line items.

There are also both proposed and approved changes that will impact risk based capital. The agencies have approved maintaining the phase in capital deduction and risk weighting for certain targeted items. In addition, there are proposed changes to risk based capital that impact the definition of HVCRE.

The webinar will cover the latest revisions and recently approved changes to the call report, as well as updates due to revisions in accounting standards, other areas of concern, and common errors made during call report preparation.

Covered Topics:
2018 Revisions:
        • Proposed burden reducing updates to the FFIEC 051 & 041 forms
        • Risk Based Capital approved changes to extend the existing capital requirements for mortgage servicing assets, certain deferred tax assets, investments in the capital instruments of unconsolidated financial institutions, and minority interest
        • Risk Based Capital proposed changes, including updates to HVCRE definition
Recent Accounting Updates (equities, leases, other real estate)

Common Errors Made in Call Report Preparation

Who Should Attend:
This update will benefit more experienced Call Report preparers, reviewers, and auditors. It will supplement annual comprehensive Call Report training recommended by bank regulators.

"Ann is great. I've had the audacity to challenge her on a couple of occasions and she was right every time." -- David DeFord, Homestead Savings Bank

"I have attended Call Report Prep trainings by Ann Thomas for the past 5 years - she has consistently provided great info and documentation." -- Paula Abbott, Mission Bank

Ann Thomas has over thirty years of experience in bank accounting and control. She received a BA in Accounting from the University of Houston in 1982. She worked with Judith Alexander Jenkins for 15 years, providing planning, financial reporting, regulatory reporting, and operational and compliance auditing services to over ninety independent banks.

In 1998, she organized Thomas Consulting. As Thomas Consulting, she has performed regulatory compliance audits and training, internal control audits, and prepares and reviews Call Reports for numerous banks. Ms. Thomas has taught call report seminars for state banking associations since 1999. She has presented the Call Report Seminars to and has responded to questions from thousands of bankers across the country. Her experience in working with a broad range of independent banks is of unique value in understanding Call Report questions and in communicating with bankers in their own language.



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