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Federal Reserve Bank
OF DALLAS
ROBERT

D. M C T E E R , J R .

P R E S ID E N T
A N D CHIE F E X E C U T IV E O F F IC E R

June 29, 1992

DALLAS. T EXA S 7 5 2 2 2

Notice 92-54
TO:

The Chief Executive Officer of each
member bank and others concerned in
the Eleventh Federal Reserve District
SUBJECT
Uniform Policy Concerning the Frequency
and Time of Changes to the Consolidated
Reports of Condition and Income
DETAILS

The Federal Financial Institutions Examination Council announced
that the federal banking agencies have adopted a uniform formal policy
concerning the frequency and timing of changes to their regulatory reports.
These reports are the Consolidated Reports of Condition and Income (Call
Reports), filed by insured commercial banks and FDIC-supervised savings banks;
the Thrift Financial Report, filed by savings associations; the Report of
Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks, filed
by these branches and agencies; and the Foreign Branch Report of Condition,
filed by U.S. bank branches located in a foreign country, Puerto Rico, or a
U.S. territory or possession. The agencies are the Federal Deposit Insurance
Corporation, the Federal Reserve Board, the Office of the Comptroller of the
Currency, and the Office of Thrift Supervision.
Under this advance notification policy, the agencies will announce
prior to the end of each year all reporting changes that will take affect in
the following year, subject to certain exceptions.
This will ensure that
depository institutions have at least 90 d a y s ’ notice of changes in their
regulatory reporting requirements. The policy applies not only to the
addition of new line items to the report forms, but also to certain instruc­
tional changes. The agencies have adopted this formal policy to promote
interagency consistency and to lessen the regulatory burden that reporting
changes often impose on federally supervised depository institutions.
ATTACHMENT
A copy of the FFIEC’s policy statement is attached.

For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal Reserve Bank of Dallas:
Dallas Office (800) 333-4460; El Paso Branch Intraslate (800) 592-1631, Interstate (800) 351-1012; Houston Branch Intrastate (800) 392-4162,
Interstate (800) 221-0363; San Antonio Branch Intrastate (800) 292-5810.

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

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2

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MORE INFORMATION
For more information, please contact Marion White at (214) 744-7490.
For additional copies of this B a n k ’s notice, please contact the Public Affairs
Department at (214) 922-5254.
Sincerely yours,

Policy Statement on
Changes in Regulatory Reporting Reguirements

Under

the

auspices

Examination
agencies
Federal

Council

(the

freguency

the
a

the

by

for

Effective

prior
that

to
will

regulatory

four

federal

banking

Insurance Corporation, the

the

of

Thrift

formal
of

changes

of

are

concerning

the

policy

immediately,
end

Supervision)

each

to

their
the
year

regulatory

agencies

will

all reporting

take effect in the following year.

The

to this policy are deletions of items from
reports

and

reporting changes reguired by

or regulation, necessitated by new standards issued

accounting

majority

Office

timing

exceptions

statute

the

Deposit

uniform

and

reports.— /

only

(FFIEC),

Federal

and

establishing

changes

the Federal Financial Institutions

Reserve Board, the Office of the Comptroller of the

Currency,

announce

of

vote

safety

and

standards
of

setting

bodies, or determined by

the members of the FFIEC to be necessary
soundness,

insurance assessment, or other

regulatory reasons.

—'
These regulatory reports are the Consolidated Reports
of Condition and Income
(Call Reports) filed by insured
commercial banks and FDIC-supervised savings banks, the
Thrift Financial Report filed by savings associations, the
Report of Assets and Liabilities of U.S.
Branches and
Agencies of Foreign Banks filed by these branches and
agencies,
and the Foreign Branch Report of Condition filed
by U.S.
bank branches located in a foreign country, Puerto
Rico, or a U.S. territory or possession.

2

-

Revisions
often

to

add

the

to

reports

the

reporting

on
At

Thus,

the

the

in

that these reguired

supervised

time,

depository

however,

regulatory

must address developments affecting
and

anticipate the agencies' need

response

agencies'

burden

same

institutions

information

content of regulatory reports

federally

reguirements

depository

and

regulatory

impose

institutions.

for

form

-

to ongoing industry changes.

regulatory

reports will of necessity

remain dynamic documents.

This

new

that,

formal policy supersedes an informal FFIEC policy

in

Call

general,

Report

date.

forms to once a year as of the March 31 report

Under

committed
notice

that

informal policy, the agencies had only

themselves

of

believe

had sought to limit changes to the bank

these

it

notification

is

to

give

reporting

at least two months advance

changes.

The

agencies

now

appropriate to provide for a longer advance

period

for

changes

to

the

Call Report and

similar regulatory reports.

This

advance

addition
certain

notification

applies not only to the

of new line items to the report forms, but also to
revisions

to

the instructions for the preparation

of

these regulatory reports.

by

this

all

policy

Instructional changes covered

policy are those that have the effect of reguiring

banks,

thrifts,

U.S. branches and agencies of foreign

-

banks,
types
items,
their

3

-

or foreign branches of U.S. banks to report specific
of

on-

or off-balance sheet items,

events,
report

instructions
adopted

or transactions in a different line item on
forms

that

statutes,

accounting

than
bring

in
them

regulations,

standards,

reguirements,

income statement

the

past.

into

Revisions to the

conformity with newly

supervisory

clarify

policies,

existing

or

reporting

correct outdated information, or make changes

of a similar nature will continue to be made as necessary.

Reporting

institutions

reporting

changes

remainder

of

including

1992

various

should note that several regulatory

are expected to be introduced during the
in response to recent statutory changes
provisions

of

the

Federal

Insurance Corporation Improvement Act of 1991.

Deposit