Agencies Invite Comments on Proposed Call Report Changes

The federal regulatory agencies are inviting public comments on additional revisions to the Call Report, which will take effect March 31, 2018. The proposed changes would simplify the Call Report for many banks by removing or consolidating a number of existing data items, reducing the reporting frequency for other data items, and increasing certain reporting thresholds.

The agencies also proposed ABA-recommended changes to provide greater transparency on the effect of unrealized gains and losses on certain equity investments; revisions that would align the method for determining the past-due status of certain loans and other assets with an accepted industry standard; and revisions that reflect recent changes from the Financial Accounting Standards Board.

The American Bankers Association has been heavily involved in the ongoing process to streamline the Call Report, which the agencies initiated in response to ABA comments submitted through Economic Growth and Regulatory Paperwork Reduction Act process. As part of the initiative, ABA has facilitated numerous conversations between bankers and regulators to explain Call Report burdens and offer suggestions for its improvement. The association will comment on the proposal, and will continue to work constructively with regulators as they pursue further changes to the Call Report. For more information, contact ABA’s Alison Touhey.