Consolidated Reports of Condition and Income for Fourth Quarter 2023

SUPPLEMENTAL INSTRUCTIONS – DECEMBER 2023

1

FFIEC

Federal Financial Institutions Examination Council

Arlington, VA 22226

CALL REPORT DATE: December 31, 2023

FOURTH 2023 CALL, NUMBER 306

SUPPLEMENTAL INSTRUCTIONS

December 2023 Call Report Materials

There are no new Call Report data items in the FFIEC 031, FFIEC 041, and the FFIEC 051 Call Report forms

this quarter. In addition, there are no updates to the Call Report instructions this quarter.

A new topic has been added to the December 2023 Supplemental Instructions, "FDIC Special Assessment,” that

provides guidance to institutions on reporting the special assessment on the Call Report. All institutions have

adopted ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and

Vintage Disclosures,” as of the December 31, 2023, report date; therefore, the topics, “Accounting for Loan

Modifications to Borrowers Experiencing Financial Difficulty” and “Credit Losses on Financial Instruments” were

updated.

The instruction books for the FFIEC 031, FFIEC 041, and FFIEC 051 Call Reports for December 2023 are

available for printing and downloading from the FFIEC’s website (https://www.ffiec.gov/ffiec_report_forms.htm)

and the FDIC’s website (https://www.fdic.gov/callreports). Sample FFIEC 031, FFIEC 041, and FFIEC 051 Call

Report forms, including the cover (signature) page, for December 2023 also can be printed and downloaded from

these websites. In addition, institutions that use Call Report software generally can print paper copies of blank

forms from their software. Please ensure that the individual responsible for preparing the Call Report at your

institution has been notified about the electronic availability of the December 2023 report forms, instructions, and

these Supplemental Instructions. The locations of substantive changes to the text of the previous quarter’s

Supplemental Instructions, if any, are identified by a vertical line in the right margin

lease ensure that the individual responsible for preparing the Call Report at your

institution has been notified about the electronic availability of the December 2023 report forms, instructions, and

these Supplemental Instructions. The locations of substantive changes to the text of the previous quarter’s

Supplemental Instructions, if any, are identified by a vertical line in the right margin.

Submission of Completed Reports

Each institution’s Call Report data must be submitted to the FFIEC's Central Data Repository (CDR), an

Internet-based system for data collection (https://cdr.ffiec.gov/cdr/), using one of the two methods described

in the banking agencies' Financial Institution Letter (FIL) for the December 31, 2023, report date. 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 e-mail at cdr.help@cdr.ffiec.gov.

Institutions are required to maintain in their files a signed and attested hard-copy record of the Call Report data

file submitted to the CDR. (See the next section for information on the Call Report signature requirement.)

The appearance of this hard-copy record of the submitted data file need not match exactly the appearance of

the sample report forms on the FFIEC’s website, but the hard-copy record should show at least the caption of

each Call Report item and the reported amount. A copy of the cover page printed from Call Report software or

from the FFIEC’s website should be used to fulfill the signature and attestation requirement. The signed cover

page should be attached to the hard-copy record of the Call Report data file that must be placed in the

institution's files

rd-copy record should show at least the caption of

each Call Report item and the reported amount. A copy of the cover page printed from Call Report software or

from the FFIEC’s website should be used to fulfill the signature and attestation requirement. The signed cover

page should be attached to the hard-copy record of the Call Report data file that must be placed in the

institution's files.

Currently, Call Report preparation software products marketed by (in alphabetical order) Adenza (formerly

Axiom SL, Inc.); DBI Financial Systems, Inc.; Fed Reporter, Inc.; FiServ, Inc.; KPMG LLP; SHAZAM Core

Services; Vermeg; and Wolters Kluwer Financial Services meet the technical specifications for producing Call

Report data files that are able to be processed by the CDR. Contact information for these vendors is provided

on the final page of these Supplemental Instructions.

SUPPLEMENTAL INSTRUCTIONS – DECEMBER 2023

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Call Report Signature Requirement and COVID-19

Generally, each Call Report submission must be signed by the Chief Financial Officer (or equivalent) and three

directors (two for state nonmember banks).1 While the Call Report data submission occurs electronically, the

current Call Report instructions require that the signed cover page must be attached to a printout or copy of

the Call Report forms or data reported to the agencies. The agencies note that while the instructions refer to a

single page, the required signatures may be obtained on separate cover pages from each required signer,

rather than by obtaining all signatures on a single cover page.

Business disruptions related to the Coronavirus Disease 2019 (COVID-19), including distancing requirements

and remote work, made it operationally challenging for an institution to obtain original ink signatures from all

required signers in order to submit the Call Report on a timely basis

ate cover pages from each required signer,

rather than by obtaining all signatures on a single cover page.

Business disruptions related to the Coronavirus Disease 2019 (COVID-19), including distancing requirements

and remote work, made it operationally challenging for an institution to obtain original ink signatures from all

required signers in order to submit the Call Report on a timely basis. For the duration of the COVID-19

disruptions, the agencies permitted an institution to use electronic signatures in lieu of ink signatures to fulfill

the Call Report attestation requirement. Although the pandemic declaration ended on May 11, 2023, the

agencies will continue to permit reasonable alternative signature methods, including electronic signatures, for

the remainder of 2023 for the Call Report attestation requirement. Due to the widespread use of this

alternative, the agencies are developing a more formal electronic signature alternative to use after that time.

The institution should follow appropriate governance procedures for collecting and retaining electronic

signatures:

•

The signature is executed by the required signer with the intent to sign;

•

The signature is digitally attached to or associated with a copy of the Call Report;

•

The signature or process identifies and authenticates the required signer; and

•

The institution maintains the electronically signed Call Report and has it available for subsequent examiner

review.

One acceptable method could include obtaining written attestation via e-mail from the required signer to the

person submitting the Call Report data, provided the e-mail included an attached electronic version of the Call

Report data and indicating the attestation is based on the attached information. That e-mail should be

retained in the institution’s records to support that the Call Report was appropriately attested to by the required

signer. Institutions should discuss any concerns regarding the attestation with their primary federal regulator

d the e-mail included an attached electronic version of the Call

Report data and indicating the attestation is based on the attached information. That e-mail should be

retained in the institution’s records to support that the Call Report was appropriately attested to by the required

signer. Institutions should discuss any concerns regarding the attestation with their primary federal regulator.

FDIC Special Assessment

On November 16, 2023, the FDIC Board of Directors adopted a final rule to implement a special assessment

to recover the loss to the Deposit Insurance Fund (DIF) associated with protecting uninsured depositors

following bank closures earlier in the year. The Federal Deposit Insurance Act (FDI Act) requires the FDIC to

take this action in connection with the systemic risk determination announced on March 12, 2023. Under the

final rule, the FDIC will collect the special assessment at a quarterly rate of 3.36 basis points from those

institutions subject to the final rule.

The assessment base for the special assessment is equal to an insured depository institution’s (IDI) estimated

uninsured deposits (Schedule RC-O, Other Data for Deposit Insurance Assessments, Memoranda item 2,

“Estimated amount of uninsured deposits in domestic offices of the bank and in insured branches in Puerto

Rico and U.S. territories and possessions, including related interest accrued and unpaid”), reported for the

quarter that ended December 31, 2022, adjusted to exclude the first $5 billion in estimated uninsured deposits

from the IDI, or for IDIs that are part of a holding company with one or more subsidiary IDIs, at the banking

organization level.

The special assessment is not applicable to banking organizations that reported $5 billion or less in estimated

uninsured deposits for the December 31, 2022, reporting period

December 31, 2022, adjusted to exclude the first $5 billion in estimated uninsured deposits

from the IDI, or for IDIs that are part of a holding company with one or more subsidiary IDIs, at the banking

organization level.

The special assessment is not applicable to banking organizations that reported $5 billion or less in estimated

uninsured deposits for the December 31, 2022, reporting period. However, some IDIs that reported less than

$5 billion in estimated uninsured deposits will be subject to the special assessment if they are part of banking

organizations with multiple IDIs that reported a combined total of estimated uninsured deposits in excess of $5

billion for the December 31, 2022, reporting period.

1 See, e.g., 12 U.S.C. §§ 161(a) and 1817(a)(3).

SUPPLEMENTAL INSTRUCTIONS – DECEMBER 2023

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For Call Report purposes, each institution that will pay this special assessment should account for the special

assessment in accordance with U.S. generally accepted accounting principles. A notification letter has been

issued to institutions currently expected to be subject to the special assessment, as part of the December

2023 invoice package, with details on the FDIC’s current, preliminary estimate of the institution’s special

assessment amount. Accordingly, applicable institutions should accrue a liability and an estimated loss

(expense) from a loss contingency for the special assessment in the quarter ending December 31, 2023,

unless the institution had determined when it prepared its Call Report for September 30, 2023, or June 30,

2023, that the conditions for accrual under FASB ASC Subtopic 450-20, “Contingencies--Loss Contingencies,”

had been met as of such report date

uld accrue a liability and an estimated loss

(expense) from a loss contingency for the special assessment in the quarter ending December 31, 2023,

unless the institution had determined when it prepared its Call Report for September 30, 2023, or June 30,

2023, that the conditions for accrual under FASB ASC Subtopic 450-20, “Contingencies--Loss Contingencies,”

had been met as of such report date.

The estimated amount of the special assessment, based on the final rule adopted by the FDIC Board on

November 16, 2023, should be accrued as a liability (Schedule RC-G, Other Liabilities, item 1.b, “Other

expenses accrued and unpaid”) and an expense (Schedule RI, Income Statement, item 7.d, “Other noninterest

expense”) in the quarter ending December 31, 2023. Although the FDIC will collect the special assessment

over an anticipated total of eight quarterly assessment periods, beginning the first quarterly assessment period

of 2024, the accrual of the full expense should not be delayed. If an institution had accrued its best estimate of

the liability for the special assessment and the related expense, based on the special assessment notice of

proposed rulemaking adopted by the FDIC Board on May 11, 2023, in the quarter ending September 30, 2023,

or June 30, 2023, the institution should adjust its previous accrual based on the final rule in its Call Report for

the quarter ending December 31, 2023.

Estimated Uninsured Deposits Reporting

Institutions report estimated uninsured deposits in accordance with the instructions to Memorandum item 2 on

Schedule RC-O, Other Data for Deposit Insurance Assessments, which is applicable to institutions with $1

billion or more in total assets. Institutions should not reduce the amount reported to the extent that the

uninsured deposits are collateralized by pledged assets. This reporting is incorrect, because in and of itself,

the existence of collateral has no bearing on the portion of a deposit that is covered by federal deposit

insurance

ce Assessments, which is applicable to institutions with $1

billion or more in total assets. Institutions should not reduce the amount reported to the extent that the

uninsured deposits are collateralized by pledged assets. This reporting is incorrect, because in and of itself,

the existence of collateral has no bearing on the portion of a deposit that is covered by federal deposit

insurance. Additionally, institutions should not reduce the amount reported by excluding intercompany deposit

balances of subsidiaries. Further information is available in FIL 37-2023 issued by the FDIC on July 24, 2023.

Debt Securities Transferred from Available-for-Sale to Held-to-Maturity

ASC Topic 320, “Investments–Debt Securities,” provides relevant guidance on accounting for debt securities.

In accordance with ASC Topic 320, institutions should categorize an investment in a debt security at

acquisition as trading, available-for-sale (AFS), or held-to-maturity (HTM) and retain proper documentation as

to its classification. At each reporting date, the appropriateness of an institution’s classification of the

investments in debt securities shall be reassessed.2 In general, the reassessment of the classification of debt

securities should align with the quarterly Call Report dates.

In accordance with ASC Topic 320, any transfers of debt securities between categories are recorded on the

date of transfer. As with the initial classification of debt securities, any transfers of debt securities between

categories should be well documented. An institution’s financial records shall be maintained in such a manner

as to ensure that the Call Report is prepared in accordance with U.S. GAAP and Call Report instructions and

reflect a fair presentation of the institution’s financial condition and results of operations

initial classification of debt securities, any transfers of debt securities between

categories should be well documented. An institution’s financial records shall be maintained in such a manner

as to ensure that the Call Report is prepared in accordance with U.S. GAAP and Call Report instructions and

reflect a fair presentation of the institution’s financial condition and results of operations. Amending a

previously submitted Call Report to retroactively report a debt security in another category when such transfer

was not documented with evidence supporting the actual date of transfer is inappropriate. Institutions are

responsible for ensuring that Call Reports are accurate when initially filed for a quarterly reporting period.

For additional information, refer to ASC Topic 320, the Call Report General Instructions, and the Call Report

Glossary entries for “Allowance for Credit Losses” and “Securities Activities.”

2 ASC paragraph 320-10-35-5.

SUPPLEMENTAL INSTRUCTIONS – DECEMBER 2023

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Securities and Exchange Commission Staff Accounting Bulletin No. 121

On March 31, 2022, the SEC released SAB 121 to express SEC staff views regarding the accounting for

entities that have obligations to safeguard crypto-assets held for their platform users. SAB 121 provides that

an entity, including a financial institution, should present a liability on its balance sheet to reflect its obligation

to safeguard the crypto-assets held for its platform users at the fair value of the crypto-assets. The entity

should also recognize a corresponding asset on its balance sheet measured at the fair value of the crypto-

assets held for its platform users.

The agencies are still reviewing the implications of SAB 121. An institution that determines that it is

appropriate for it to apply SAB 121 for SEC or other financial reporting purposes should complete its Call

Report consistent with the classification determination made for SEC or other financial reporting purposes

sured at the fair value of the crypto-

assets held for its platform users.

The agencies are still reviewing the implications of SAB 121. An institution that determines that it is

appropriate for it to apply SAB 121 for SEC or other financial reporting purposes should complete its Call

Report consistent with the classification determination made for SEC or other financial reporting purposes.

For example, an institution that has concluded that a SAB 121 crypto safeguarding asset should be recorded

on its balance sheet as “other assets” would include the asset in the relevant regulatory reporting schedules as

“other assets.” If the reported item requires a concise caption on a schedule and a preprinted caption has not

been provided, an institution may write in a caption that best describes the item (e.g., “SAB 121 custody

activity”). Institutions may provide details in the Optional Narrative Statement indicating that SAB 121 was

implemented and the value of the associated asset and liability.

An institution that intends to apply SAB 121 for SEC or other financial reporting purposes should discuss any

questions regarding SAB 121 with its primary federal regulator.

Accounting for Loan Modifications to Borrowers Experiencing Financial Difficulty

In March 2022, the FASB issued ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled

Debt Restructurings and Vintage Disclosures,” which amended ASC Topic 326, Financial Instruments – Credit

Losses. This guidance, now effective for all institutions, eliminates the recognition and measurement

accounting guidance for Troubled Debt Restructurings (TDRs) by creditors in Subtopic 310-40, Receivables –

Troubled Debt Restructurings by Creditors, while enhancing disclosure requirements for certain loan

refinancings and restructurings by creditors when a borrower is experiencing financial difficulty

his guidance, now effective for all institutions, eliminates the recognition and measurement

accounting guidance for Troubled Debt Restructurings (TDRs) by creditors in Subtopic 310-40, Receivables –

Troubled Debt Restructurings by Creditors, while enhancing disclosure requirements for certain loan

refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. Consistent

with the accounting for other loan modifications under ASC Section 310-20-35, Subsequent Measurement,

under ASU 2022-02, an institution would evaluate whether the modification to a borrower experiencing

financial difficulty represents a new loan or a continuation of an existing loan.

ASU 2022-02 is effective for fiscal years beginning after December 15, 2022, including interim reporting

periods within those fiscal years; therefore, all institutions must now apply ASC Topic 326, and ASU 2022-02

for Call Report purposes as of the December 31, 2023, report date.

For Call Report purposes, institutions should report all loans modified since adoption of the new standard to

borrowers experiencing financial difficulty that are performing in accordance with their modified terms on

Schedule RC-C, Part I, Memorandum items 1.a. through 1.g. If a loan is not performing in accordance with its

modified terms, it should be reported on Schedule RC-N, Memorandum items 1.a through 1.g. Institutions

should use loan modifications to borrowers experiencing financial difficulty in the calculation of the 10 percent

threshold for the itemization of loan categories for Memorandum item 1.f on Schedules RC-C and RC-N.

Institutions should no longer report TDRs in Memorandum items 1.a through 1.g on Schedules RC-C and

RC-N.

Upon adoption of this standard, institutions had an option to apply a modified retrospective transition method

for the elimination of the TDR recognition and measurement guidance

ent

threshold for the itemization of loan categories for Memorandum item 1.f on Schedules RC-C and RC-N.

Institutions should no longer report TDRs in Memorandum items 1.a through 1.g on Schedules RC-C and

RC-N.

Upon adoption of this standard, institutions had an option to apply a modified retrospective transition method

for the elimination of the TDR recognition and measurement guidance. The option to apply a modified

retrospective transition method would have resulted in a cumulative effect adjustment to retained earnings in

the period of adoption. The cumulative-effect adjustment to bank equity capital for this change in accounting

principle should be reported in Schedule RI-A, Changes in Bank Equity Capital, item 2, and disclosed in

Schedule RI-E, Explanations, item 4.c or 4.d, with a write-in descriptor indicating “ASU 2022-02.” Institutions

that have adopted both ASU 2016-13 and ASU 2022-02 in 2023 and have not isolated the impact to retained

earnings for ASU 2022-02 may report the total impact of ASU 2016-13 and its subsequent amendments in

Schedule RI-E, Explanations, item 4.a.

SUPPLEMENTAL INSTRUCTIONS – DECEMBER 2023

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For additional information on ASU 2022-02, institutions should refer to the FASB’s website at: Accounting

Standards Updates Issued (fasb.org) which includes a link to the accounting standard update.

The comment period for the initial 60-day Federal Register notice3 on proposed revisions to the Call Report

forms and instructions in response to ASU 2022-02 (see FIL 53-2023, dated October 2, 2023) closed on

November 27, 2023. The agencies are reviewing the comments received.

Reference Rate Reform

In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the

Effects of Reference Rate Reform on Financial Reporting.” The ASU states that “[r]eference rates such as the

London Interbank Offered Rate (LIBOR) are widely used in a broad range of financial instruments and other

agreements

es are reviewing the comments received.

Reference Rate Reform

In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the

Effects of Reference Rate Reform on Financial Reporting.” The ASU states that “[r]eference rates such as the

London Interbank Offered Rate (LIBOR) are widely used in a broad range of financial instruments and other

agreements. Regulators and market participants in various jurisdictions have undertaken efforts, generally

referred to as reference rate reform, to eliminate certain reference rates and introduce new reference rates

that are based on a larger and more liquid population of observable transactions. As a result of this initiative,

certain widely used reference rates such as LIBOR are expected to be discontinued.”

The ASU provides optional expedients for a limited period of time to ease the potential burden in accounting

for (or recognizing the effects of) reference rate reform on financial reporting. In particular, the expedients in

the ASU are available to be elected by all institutions, subject to meeting certain criteria, for contracts, hedging

relationships, and other transactions that reference LIBOR or another reference rate expected to be

discontinued because of reference rate reform.

With respect to contracts, the ASU applies to contract modifications that replace a reference rate affected by

reference rate reform (including rates referenced in fallback provisions) and contemporaneous modifications of

other contract terms related to the replacement of the reference rate (including contract modifications to add or

change fallback provisions). The ASU provides optional expedients for applying ASC in the following areas:

•

ASC Topics 310, Receivables, and 470, Debt: Modifications of contracts within the scope of these topics

should be accounted for by prospectively adjusting the effective interest rate

terms related to the replacement of the reference rate (including contract modifications to add or

change fallback provisions). The ASU provides optional expedients for applying ASC in the following areas:

•

ASC Topics 310, Receivables, and 470, Debt: Modifications of contracts within the scope of these topics

should be accounted for by prospectively adjusting the effective interest rate.

•

ASC Topics 840, Leases, and 842, Leases: Modifications of contracts within the scope of these topics

should be accounted for as a continuation of the existing contracts with no reassessments of the lease

classification and the discount rate (for example, the incremental borrowing rate) or remeasurements of

lease payments that otherwise would be required under these topics for modifications not accounted for as

separate contracts.

•

ASC Subtopic 815-15, Derivatives and Hedging—Embedded Derivatives: Modifications of contracts do

not require an entity to reassess its original conclusion about whether that contract contains an embedded

derivative that is clearly and closely related to the economic characteristics and risks of the host contract

under this subtopic.

For other topics in the ASC, the ASU states a general principle that permits an institution to consider contract

modifications due to reference rate reform to be an event that does not require contract remeasurement at the

modification date or reassessment of a previous accounting determination. When elected, an institution must

apply the optional expedients for contract modifications consistently for all eligible contracts or eligible

transactions within the relevant ASC topic that contains the guidance that otherwise would be required to be

applied.

In addition, the ASU provides exceptions to the guidance in ASC Topic 815, Derivatives and Hedging, related

to changes to the critical terms of a hedging relationship due to reference rate reform

s for contract modifications consistently for all eligible contracts or eligible

transactions within the relevant ASC topic that contains the guidance that otherwise would be required to be

applied.

In addition, the ASU provides exceptions to the guidance in ASC Topic 815, Derivatives and Hedging, related

to changes to the critical terms of a hedging relationship due to reference rate reform. The ASU includes

examples of changes to these terms that should not result in the dedesignation of the hedging relationship if

certain criteria are met. The ASU also provides optional expedients for fair value hedging relationships, cash

flow hedging relationships, and net investment hedging relationships for which the component excluded from

the assessment of hedge effectiveness is affected by reference rate reform. If certain criteria are met, other

optional expedients apply to cash flow hedging relationships affected by reference rate reform and to fair value

hedging relationships for which the derivative designated as the hedging instrument is affected by reference

3 88 FR 6933 (September 28, 2023).

SUPPLEMENTAL INSTRUCTIONS – DECEMBER 2023

6

rate reform. The optional expedients for hedging relationships may be elected on an individual hedging

relationship basis.

Finally, the ASU permits institutions to make a one-time election to sell, transfer, or both sell and transfer

held-to-maturity debt securities that reference a rate affected by reference rate reform and were classified as

held-to-maturity before January 1, 2020.

The ASU is effective for all institutions as of March 12, 2020, through December 31, 2024. For additional

information, institutions should refer to ASU 2020-04 and ASU 2022-06, “Reference Rate Reform (Topic 848):

Deferral of the Sunset Date of Topic 848,” which are available at

Accounting Standards Updates Issued (fasb.org)

m and were classified as

held-to-maturity before January 1, 2020.

The ASU is effective for all institutions as of March 12, 2020, through December 31, 2024. For additional

information, institutions should refer to ASU 2020-04 and ASU 2022-06, “Reference Rate Reform (Topic 848):

Deferral of the Sunset Date of Topic 848,” which are available at

Accounting Standards Updates Issued (fasb.org).

Credit Losses on Financial Instruments

In June 2016, the FASB issued ASU 2016-13, “Measurement of Credit Losses on Financial Instruments,”

which introduces CECL for estimating allowances for credit losses. Under CECL, an allowance for credit

losses is a valuation account, measured as the difference between the financial assets’ amortized cost basis

and the net amount expected to be collected on the financial assets (i.e., lifetime credit losses). To estimate

expected credit losses under CECL, institutions will use a broader range of data than under existing U.S.

GAAP. These data include information about past events, current conditions, and reasonable and supportable

forecasts relevant to assessing the collectability of the cash flows of financial assets.

The ASU is applicable to all financial instruments measured at amortized cost (including loans held for

investment and held-to-maturity debt securities, as well as trade receivables, reinsurance recoverables, and

receivables that relate to repurchase agreements and securities lending agreements), a lessor’s net

investments in leases, and off-balance-sheet credit exposures not accounted for as insurance, including loan

commitments, standby letters of credit, and financial guarantees. The new standard does not apply to trading

assets, loans held for sale, financial assets for which the fair value option has been elected, or loans and

receivables between entities under common control.

The ASU also modifies the treatment of credit impairment on available-for-sale (AFS) debt securities

rance, including loan

commitments, standby letters of credit, and financial guarantees. The new standard does not apply to trading

assets, loans held for sale, financial assets for which the fair value option has been elected, or loans and

receivables between entities under common control.

The ASU also modifies the treatment of credit impairment on available-for-sale (AFS) debt securities. Under

the new standard, institutions will recognize a credit loss on an AFS debt security through an allowance for

credit losses, rather than the current practice required by U.S. GAAP of write-downs of individual securities for

other-than-temporary impairment.

As of the December 31, 2023, report date, all institutions must apply ASU 2016-13 for Call Report purposes.

For additional information, institutions should refer to the agencies’ Interagency Policy Statement on

Allowances for Credit Losses (Revised April 2023), which was published April 27, 2023. Since the issuance of

ASU 2016-13, the FASB has published the following amendments to the new credit losses accounting

standard, which are available at Accounting Standards Updates Issued (fasb.org):

•

ASU 2018-19, “Codification Improvements to Topic 326, Financial Instruments—Credit Losses;”

•

ASU 2019-04, “Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815,

Derivatives and Hedging, and Topic 825, Financial Instruments;”

•

ASU 2019-05, “Financial Instruments – Credit Losses (Topic 326): Targeted Transition Relief;”

•

ASU 2019-10, “Financial Instruments‒Credit Losses (Topic 326), Derivatives and Hedging (Topic 815),

and Leases (Topic 842): Effective Dates;”

•

ASU 2019-11, “Codification Improvements to Topic 326, Financial Instruments – Credit Losses;”

•

ASU 2020-02, “Financial Instruments – Credit Losses (Topic 326);”

•

ASU 2020-03, “Codification Improvements to Financial Instruments;” and

•

ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and

Vi

815),

and Leases (Topic 842): Effective Dates;”

•

ASU 2019-11, “Codification Improvements to Topic 326, Financial Instruments – Credit Losses;”

•

ASU 2020-02, “Financial Instruments – Credit Losses (Topic 326);”

•

ASU 2020-03, “Codification Improvements to Financial Instruments;” and

•

ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and

Vintage Disclosures.”

SUPPLEMENTAL INSTRUCTIONS – DECEMBER 2023

7

Amending Previously Submitted Report Data

Should your institution find that it needs to revise previously submitted Call Report data, please make the

appropriate changes to the data, ensure that the revised data passes the FFIEC-published validation criteria,

and submit the revised data file to the CDR using the same processes as the original filing. For technical

assistance with the submission of amendments to the CDR, please contact the CDR Help Desk by telephone

at (888) CDR-3111, by fax at (703) 774-3946, or by e-mail at cdr.help@cdr.ffiec.gov.

Call Report Software Vendors

For information on available Call Report preparation software products, institutions should contact:

Adenza (formerly Axiom SL, Inc)

99 Park Avenue Suite 930

New York, New York 10016

Telephone: (212) 248-4188

http://www.adenza.com

DBI Financial Systems, Inc.

P.O. Box 14027

Bradenton, Florida 34280

Telephone: (800) 774-3279

http://www.e-dbi.com

Fed Reporter, Inc.

28118 Agoura Road, Suite 202

Agoura Hills, California 91301

Telephone: (888) 972-3772

http://www.fedreporter.net

FiServ, Inc

rly Axiom SL, Inc)

99 Park Avenue Suite 930

New York, New York 10016

Telephone: (212) 248-4188

http://www.adenza.com

DBI Financial Systems, Inc.

P.O. Box 14027

Bradenton, Florida 34280

Telephone: (800) 774-3279

http://www.e-dbi.com

Fed Reporter, Inc.

28118 Agoura Road, Suite 202

Agoura Hills, California 91301

Telephone: (888) 972-3772

http://www.fedreporter.net

FiServ, Inc.

1345 Old Cheney Road

Lincoln, Nebraska 68512

Telephone: (402) 423-2682

http://www.fiserv.com

KPMG LLP

303 Peachtree Street, Suite 2000

Atlanta, Georgia 30308

Telephone: (404) 221-2355

http://advisory.kpmg.us

SHAZAM Core Services

6700 Pioneer Parkway

Johnston, Iowa 50131

Telephone: (888) 262-3348

http://www.shazam.net

Vermeg

205 Lexington Avenue,

14th floor

New York, New York 10016

Telephone: (212) 682-4930

http://www.vermeg.com

Wolters Kluwer Financial Services

130 Turner Street, Building 3,

4th Floor

Waltham, Massachusetts 02453

Telephone: (800) 261-3111

http://www.wolterskluwer.com