Annual Report 2012 - ffiec

Task Force on Reports meeting.
(PRA) from the U.S. Office of Management
and Budget (OMB), the
Federal Deposit Insurance Corporation
(FDIC), the Board of
Governors of the Federal Reserve
System (FRB), and the Office of
the Comptroller of the Currency
(OCC) (collectively, the banking
agencies) implemented a limited
number of revisions to the
Call Report in March and June
2012. The revisions had initially
been issued for public comment
in November 2011. Two reporting
changes were made in March 2012
in connection with the initial filing
of the Call Report by savings associations:
new items for reporting
on Qualified Thrift Lender compliance
and revisions to certain items
used to calculate the leverage
capital ratio denominator. Instructional
revisions in March 2012
included guidance on the accounting
and reporting treatment for
capital contributions in the form of
cash or notes receivable. Reporting
changes that took effect in June
2012 included new items for mortgage
loan representation and warranty
reserves as well as past due
and nonaccrual purchased creditimpaired
loans. Several new items
to meet deposit insurance assessment
needs, for which approval
had been received from OMB in
connection with a substantial revision
of the Call Report assessment
data schedule that took place in
2011, also were added to the Call
Report in June 2012. These additional
assessment items apply
only to large and highly complex
institutions and institutions owning
another insured depository
institution.
2013 Call Report Revisions
The banking agencies’ November
2011 Call Report proposal also
contained new schedules for the
collection of disaggregated loan
loss allowance data and selected
loan origination data from larger
institutions, which generated substantive
comments. After modifying
the proposed loan loss allowance
schedule in response to
comments received, the task force
approved the addition of this new
schedule to the Call Report effec-
tive March 31, 2013. This schedule,
which OMB approved in January
2013, will be applicable to institutions
with $1 billion or more in
total assets. Although the agencies
considered alternative approaches
to collecting loan origination data
in an effort to address industry
comments on the proposal, the
task force decided not to pursue
implementation of this proposed
new schedule in the Call Report.
Institutions were notified of these
decisions in the fourth quarter of
2012.
In the second quarter of 2012, the
task force began evaluating several
recommendations from the
banking agencies and the Consumer
Financial Protection Bureau
(CFPB) for potential Call Report
revisions to be implemented
in 2013. As it considered these
potential reporting changes, the
task force also sought to limit the
extent to which the changes would
apply to community institutions.
In the fourth quarter, the task force
agreed to include several revisions
in a proposal to be issued for comment.
The proposed Call Report
revisions, which generally would
take effect in June 2013, include
consumer deposit account balance
data, details on service charges on
consumer deposit accounts, information
about and data on international
remittance transfers, depository
institution trade names used
on physical branches and Internet
Web sites that differ from an
institution’s legal title, the total
liabilities of an institution’s parent
depository institution holding
company that is not a bank or savings
and loan holding company,
and a scope revision to an existing
item in the equity capital reconciliation.
The proposal would also
contain new and revised items for
use in the FDIC’s deposit insurance
pricing model for large and
highly complex institutions as well
as instructional revisions to imple-
13