FFIEC announces changes to Uniform Bank Performance Report
Federal Financial Institutions Examination Council member agencies are making several changes to the Uniform Bank Performance Report on or shortly after March 25, 2024.
Federal Financial Institutions Examination Council member agencies are making several changes to the Uniform Bank Performance Report on or shortly after March 25, 2024.
ABA recommended that banking agencies make several changes to their proposed revisions of the Federal Financial Institutions Examination Council reports—including the Call Report—such as pushing back the effective date of the revisions.
The Federal Reserve, FDIC and OCC have released proposed revisions to Federal Financial Institutions Examination Council reports—including the Call Report—that would be made under the agencies’ proposed capital standards rulemaking.
An interagency proposal to change what financial institutions must report on call reports is flawed in that it would add a new requirement to include modifications for borrowers experiencing financial difficulty, or FDMs, but in a manner that doesn’t align with generally accepted accounting principles and as a result, the banking agencies will lose out on the benefits of the GAAP-based metric, ABA said.
In a move that will significantly reduce the annual reporting burden on banks, the Federal Reserve today finalized a rule to automate non-merger-related adjustments to member banks’ subscriptions to reserve bank capital stock.
Three types of aggregate fee revenues—maintenance fees, ATM fees and overdraft fees—all declined in 2020, with overdraft fees seeing the greatest decline at 26.2%, according to data released by the CFPB today. In the years between 2015 and 2019, overdraft fees were increasing modestly year-over-year—about 1.7% annually, the bureau found.
In a move that would significantly reduce the annual reporting burden on banks, the Federal Reserve today proposed to automate non-merger-related adjustments to member banks’ subscriptions to Reserve Bank capital stock.
The Financial Accounting Standards Board announced this week that in response to comments by ABA and others, it will expand the scope of a recent proposal on goodwill accounting alternatives for evaluating triggering events.
The Federal Reserve announced today that it would provide relief from the six-per-month limit on transfers or withdrawals from savings accounts under Regulation D, effective immediately.
In a letter to bank CEOs last night, the federal banking agencies restated that they would not take action against institutions that submit their March 31, 2020, Call Report after the filing deadline, provided that the report is submitted within 30 days of the original filing date.