In 2017, the Agencies approved a new 051 form for domestic banks with less than $1 billion in assets which reduced the number of pages in the call report and eliminated 40% of the existing line items. Further burden reducing changes were approved in December, 2017 for the June, 2018 Call Report for both 051 and 041 filers. The changes include consolidation and/or removal of several more line items and reductions in the frequency of reporting for about a dozen line items.
There are also both proposed and approved changes that will impact risk based capital. The agencies have approved maintaining the phase in capital deduction and risk weighting for certain targeted items. In addition, there are proposed changes to risk based capital that impact the definition of HVCRE.
The webinar will cover the latest revisions and recently approved changes to the call report, as well as updates due to revisions in accounting standards, other areas of concern, and common errors made during call report preparation.
Recent Accounting Updates (equities, leases, other real estate)
Common Errors Made in Call Report Preparation
Who Should Attend?
This update will benefit more experienced Call Report preparers, reviewers, and auditors. It will supplement annual comprehensive Call Report training recommended by bank regulators.
If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.