The FDIC, the Federal Reserve Board and the Office of the
Comptroller of the Currency ("OCC"), with the help of the
Federal Financial Institutions Examination Council
("FFIEC"), proposed revisions to the Consolidated Reports
of Condition and Income ("Call Report") and other FFIEC
reports. The proposed revisions are in response to changes in
accounting for credit losses under the Financial Accounting Standards Board's
Accounting Standards Update.
The proposed revisions - arising from the Economic Growth, Regulatory Relief and Consumer
Protection Act - relate to the reporting of high-volatility
commercial real estate exposures and reciprocal deposits. Effective
on September 30, 2018, (i) Call Report Schedule RC-E ("Deposit
Liabilities") will include a new memorandum item for
"total reciprocal deposits," and (ii) institutions will
report their "total reciprocal deposits as of June 30,
2018" in Schedule RC-E.
