DEPOSITORY INSTITUTION REPORTS

Federal Deposit Insurance Corporation

Office of the Comptroller of the Currency

Board of Governors of the Federal Reserve System

FIL-2-2019

January 11, 2019

DEPOSITORY INSTITUTION REPORTS

TO:

CHIEF EXECUTIVE OFFICER

SUBJECT:

Consolidated Reports of Condition and Income for Fourth Quarter 2018

The attached materials pertain to the Consolidated Reports of Condition and Income (Call Report) for the

December 31, 2018, report date. Please plan to complete as early as possible the preparation, editing, and

review of your institution’s Call Report data and the submission of these data to the agencies’ Central Data

Repository (CDR). Starting your preparation early will help you identify and resolve any edit exceptions

before the submission deadline. If you later find that certain information needs to be revised, please make the

appropriate changes to your Call Report data and promptly submit the revised data file to the CDR.

Except for certain institutions with foreign offices, your completed Call Report must be received

by Wednesday, January 30, 2019, in accordance with the filing requirements discussed below.

The FFIEC 031, FFIEC 041, and FFIEC 051 Call Report forms for December 2018 are available for printing

and downloading from the Federal Financial Institutions Examination Council’s (FFIEC) website

(https://www.ffiec.gov/ffiec_report_forms.htm) and the Federal Deposit Insurance Corporation’s (FDIC)

website (www.fdic.gov/callreports). Updates to the Call Report instruction books for December 2018 will

soon be available from these websites. The Call Report does not include any new or revised data items for

December 2018, but Schedule RC-E, Memorandum item 1.h, “Total reciprocal deposits as of June 30, 2018,”

which was reported on a one-time only basis in the Call Report for September 2018, has been deleted

gov/callreports). Updates to the Call Report instruction books for December 2018 will

soon be available from these websites. The Call Report does not include any new or revised data items for

December 2018, but Schedule RC-E, Memorandum item 1.h, “Total reciprocal deposits as of June 30, 2018,”

which was reported on a one-time only basis in the Call Report for September 2018, has been deleted.

Institutions should refer to the attached Supplemental Instructions for December 2018 for guidance on certain

reporting issues, including the sections of the Economic Growth, Regulatory Relief, and Consumer Protection

Act (EGRRCPA) on high volatility commercial real estate exposures and reciprocal deposits that affect

reporting in the Call Report. Please notify the individual responsible for preparing the Call Report at your

institution about the electronic availability of the report forms, instruction book updates, and Supplemental

Instructions for December 2018.

Institutions are reminded that the agencies recently published for public comment a Notice of Proposed

Rulemaking (NPR) to implement Section 205 of EGRRCPA on reduced reporting on Call Reports (see

FIL-74-2018, dated November 19, 2018). The agencies’ proposed regulations would expand eligibility to file

the most streamlined Call Report, the FFIEC 051 Call Report, to include certain institutions with less than

$5 billion in total assets that meet other criteria and establish the FFIEC 051 Call Report as the version of the

Call Report that provides reduced reporting for the first and third calendar quarters. In connection with this

NPR, the agencies also are proposing to reduce the reporting frequency for a number of existing data items in

the FFIEC 051 Call Report that currently are reported quarterly, which would further streamline this report

form in the first and third quarters

Report as the version of the

Call Report that provides reduced reporting for the first and third calendar quarters. In connection with this

NPR, the agencies also are proposing to reduce the reporting frequency for a number of existing data items in

the FFIEC 051 Call Report that currently are reported quarterly, which would further streamline this report

form in the first and third quarters. In addition, for institutions with total assets of $1 billion or more, the

agencies are proposing to add to the FFIEC 051 Call Report certain data items that these institutions currently

report in the FFIEC 041 Call Report, but generally with reduced reporting frequency. The agencies encourage

institutions to review the proposal and comment on the NPR, including the proposed revisions to the FFIEC

051 Call Report. Comments must be received by January 18, 2019.

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The comment period has closed for the agencies’ proposed revisions to all three versions of the Call Report

(and other regulatory reports) resulting from the revised accounting for credit losses under the Financial

Accounting Standards Board’s Accounting Standards Update No. 2016-13, “Financial Instruments – Credit

Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (see FIL-51-2018, dated

September 28, 2018). The FFIEC and the agencies are finalizing the proposed Call Report revisions from

this proposal, which would begin to take effect March 31, 2019, but these revisions would not be fully

phased in until December 31, 2022. Implementation of these reporting changes is subject to approval by the

U.S. Office of Management and Budget

nancial Instruments” (see FIL-51-2018, dated

September 28, 2018). The FFIEC and the agencies are finalizing the proposed Call Report revisions from

this proposal, which would begin to take effect March 31, 2019, but these revisions would not be fully

phased in until December 31, 2022. Implementation of these reporting changes is subject to approval by the

U.S. Office of Management and Budget.

Each institution must file its December 31, 2018, Call Report data in one of two ways:



By using computer software to prepare and edit its report data and then electronically submitting

the data directly to the CDR (https://cdr.ffiec.gov/cdr/) or



By completing its report in paper form and arranging with a software vendor or another party to convert

the paper report to the electronic format that can be processed by the CDR. The software vendor or

other party then must electronically submit the institution’s Call Report data file to the CDR.

Electronic submission of fourth quarter 2018 Call Report data will be considered timely if the data are received

by the CDR no later than Wednesday, January 30, 2019, and pass FFIEC-published validation criteria (validity

edits and quality edits) or, where necessary, contain explanations for any quality edits that are not passed.

Explanatory comments should be prepared in accordance with the “Guidelines for Resolving Edits” published

on the FFIEC’s website (https://www.ffiec.gov/find/documents/resolvingedits.pdf).

An institution with more than one foreign office, other than a “shell” branch or an International Banking

Facility, is permitted an additional five calendar days to submit its Call Report data. Such an institution must

electronically transmit its data to the CDR no later than Monday, February 4, 2019.

The CDR Help Desk is available from 9:00 a.m. until 8:00 p.m., Eastern Time, Monday through Friday, to

provide assistance with user accounts, passwords, and other CDR system-related issues

anking

Facility, is permitted an additional five calendar days to submit its Call Report data. Such an institution must

electronically transmit its data to the CDR no later than Monday, February 4, 2019.

The CDR Help Desk is available from 9:00 a.m. until 8:00 p.m., Eastern Time, Monday through Friday, to

provide assistance with user accounts, passwords, and other CDR system-related issues. The CDR Help Desk

can be reached by telephone at (888) CDR-3111, by fax at (703) 774-3946, or by email at

CDR.Help@ffiec.gov. For all other Call Report issues, institutions should contact their assigned Call Report

analyst. If you do not know the analyst assigned to your institution, state member institutions should contact

their Federal Reserve District Bank; national institutions, FDIC-supervised banks, and savings associations

should contact the FDIC’s Data Collection and Analysis Section in Washington, D.C., by telephone at

(800) 688-FDIC (3342).

Grace E. Dailey

Senior Deputy Comptroller and

Chief National Bank Examiner

Office of the

Comptroller of the Currency

Michael S. Gibson

Director

Division of Banking

Supervision and Regulation

Board of Governors of the

Federal Reserve System

Doreen R. Eberley

Director

Division of Risk Management

Supervision

Federal Deposit

Insurance Corporation

Attachment: Supplemental Instructions

Distribution: FDIC-Supervised Banks, National Institutions, State Member Institutions, and Savings

Associations