 Financial Institution Letter
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FIL-24-2019 | May 6, 2019
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Regulatory Relief
Proposed Revisions to the Consolidated Reports of Condition and Income (Call Report) for the Proposed Community Bank Leverage Ratio
Summary
On April 19, 2019, the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board, and the Office of the Comptroller of the Currency (collectively, the agencies), under the auspices of the Federal Financial Institutions Examination Council (FFIEC), published in the Federal Register for public comment proposed changes to all three versions of the Call Report (FFIEC 031, FFIEC 041, and FFIEC 051).
As described more fully in the attached Federal Register notice, the agencies' reporting proposal would introduce a new Community Bank Leverage Ratio (CBLR) schedule that would be added to Call Report Schedule RC-R. As proposed, community banks that qualify for and opt into the CBLR framework would complete Schedule RC-R, CBLR, instead of reporting regulatory capital information on existing Call Report Schedule RC-R, Parts I and II. This reporting proposal would align the Call Report with the agencies' proposed rule that would provide a simplified alternative measure of capital adequacy, the CBLR, for certain qualifying community banks with less than $10 billion in total consolidated assets, consistent with Section 201 of the Economic Growth, Regulatory Relief, and Consumer Protection Act.
Suggested Distribution:
FDIC-Supervised Banks and Savings Institutions, National Institutions, State Member Institutions, and Savings Associations
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