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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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Recommended for 2.5 CE Credits

Program Content:

The regulators are continuing on their burden reducing approach and approved more reductions to the FFIEC 051 forms, which will be effective in September, 2019. The regulators have increased the small bank eligibility size for filing on the FFIEC 051 form from $1 billion in assets size to $5 billion and have made more line items required only semi-annually. The most significant change to semi-annual reporting is to RCR Pt II lines 1-25, the detail reporting of both on and off balance sheet risk weighting. Total risk weighted assets however, will still be required to be reported. Banks with assets of more than $1 billion will be required to report the consumer deposit detail information on balances and service charges in December only; schedule RIC semi-annually; RCO M2 on a quarterly basis.

In a second proposal the regulators are considering regulatory burden relief to qualifying community banking organizations by allowing an option to calculate a simple leverage ratio, rather than multiple measures of capital adequacy.

The regulators approved revisions to the 2019 Call Report to align the information in the call report with the new credit loss accounting standard. The changes include updates to twelve schedules to address the broader scope of financial assets for which an allowance for credit losses must be established and maintained. Under a CECL proposed notice of rulemaking, a bank may elect to phase in the regulatory capital impact of adopting CECL over a three year period.

Changes to reporting of high volatility commercial real estate (HVCRE) exposures as well as reciprocal deposits were included in the June, 2018 supplemental instructions.

The webinar will cover the latest revisions, including approved and proposed changes the Call Report. In addition, updates due to revisions in accounting standards, other areas of concern, and common errors made during call report preparation will be reviewed.

Covered Topics:

·        Further burden reducing updates to the FFIEC 051 forms, including semi-annual reporting of RCR Pt II lines 1-25 – effective September, 2019

·        FFIEC 041 and 051 schedule changes due to address the broader scope of financial assets for which an allowance for credit losses must be established and maintained – effective March, 2019

·        Option to calculate a simple leverage ratio, rather than multiple measures of capital adequacy for banks that meet certain criteria – proposed


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.

If you are unable to attend the webinar but would like to have this information for training purposes, you may also purchase an OnDemand website link and/or CD-ROM. 




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