Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
Call Report changes published
The FDIC, in FIL-8-2021, has announced that the FDIC, OCC and Federal Reserve Board published at 86 FR 10157 in the Federal Register a joint notice and request for comment with final regulatory reporting changes related to asset threshold relief that would apply to the three versions of the Call Report (pending approval by the Office of Management and Budget.
These changes to the Call Report, as described more fully in the Federal Register notice attached to FIL-111-2020, pertain to the interim final rule by the banking agencies published on December 2, 2020, which provides relief to financial institutions with under $10 billion in total assets as of December 31, 2019, by allowing them to calculate their asset size for applicable thresholds in certain rules during calendar years 2020 and 2021 based on the lower of total assets as of December 31, 2019, or as of the normal measurement date.
In addition, the December 2, 2020, interim final rule allows institutions that temporarily exceed the $10 billion total asset threshold to use the community bank leverage ratio framework in Call Report Schedule RC R from December 31, 2020, through December 31, 2021, provided they meet the other qualifying criteria for this framework. For each of these report dates, an institution would use the lesser of its total assets as of December 31, 2019, or as of the current quarter-end report date to determine whether it has met the $10 billion total asset threshold.
The agencies ask that this information be shared with individuals responsible for Call Report preparation in each organization. Comments are due by March 22, 2021.