Call Report Seminar
November 7, 2018
Clubhouse Hotel & Suites
Sioux Falls, SD

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 from 85 to 60 and eliminated 40% of the existing line items. The frequency of data collection was also reduced for some of the schedules. Further burden reducing changes were implemented in June, 2018 for both FFIEC 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.

Additional changes to the June, 2018 Call Report were included in the supplement instructions. The regulators issued an update to the reporting of high volatility commercial real estate (HVCRE) exposures as well as reciprocal deposits.

In September, 2017, the agencies issued proposed simplifications to the risk based capital rules. The proposal was approved in November, 2017 and effective in 2018 and simplifies the threshold deduction treatment for mortgage servicing assets, deferred taxes arising from temporary differences that can’t be realized through carrybacks, and investments in the capital of unconsolidated financial institutions.

This seminar will help preparers and reviewers understand the preparation process and eliminate errors. The seminar will begin with an overview of revisions in 2018 and other recent changes, followed by a review of several new accounting standard updates.

The classification priority for coding loans on RC-C will also be covered. Loans are normally a bank’s largest asset category and the reporting rules for RCC are critical because they affect all loan schedules in the call report. Loans are reported based on borrower, purpose, or collateral, but there are specific rules that dictate when to use each of the classification factors.

The seminar will end with a discussion of commonly cited errors made in call report preparation. Schedules included in the presentation are the FFIEC 041 & 051 forms.

Proposed Simplifications to the Capital Rules

• Simplification of the threshold deduction treatment for mortgage servicing assets (MSAs), deferred tax assets (DTAs) arising from timing differences not realizable through carryback, and investments in the capital of unconsolidated financial institutions -- Approved 11/21/17

March, 2018 Approved Revisions

• Maintaining phase in percentage deduction and risk weighting on certain RCR items

June, 2018 Revisions

• New information on the HVCRE definition as well as reporting of reciprocal deposits
• Further burden reducing changes for the FFIEC 051 and 041 forms: reduction and consolidation of line items and change in the frequency of data collection for some schedules

THE SEMINAR WILL COVER

• Changes to June, 2018 and other recent revisions
• Recent accounting guidance (equities, leases, other real estate)
• In depth discussion of loan classification reporting rules
• Common errors made in call report preparation

Annual training in Call Report Preparation is highly recommended by bank regulators, not just for preparers of the call report, but also for reviewers. A reviewer needs to understand the reporting requirements and should spend at least 3-4 hours performing a detailed check of the completed Call Report Schedules and supporting documentation. New and experienced preparers and reviewers should be trained.

Participants receive a 300+ page manual, which will include materials covered during the seminar as well as additional information on other call report schedules.

WHO SHOULD ATTEND

Call Report preparation requires knowledge of bank accounting, bank regulations, and virtually all bank operations. Banks should train a preparer and reviewer. Anyone responsible for preparing, auditing, or signing the call report will find the program valuable. The seminar is designed for more experienced preparers and reviewers interested in newer reporting requirements. Annual training is highly recommended by bank regulators.

WHAT TO BRING

Please bring a copy of your general ledger and your latest call report. Bankers find it useful to review classifications during the class as the line items are discussed.

SCHEDULE

8:30—9:00 a.m.                 Registration
9:00—noon                        Program
noon— 1:00 p.m.              Luncheon
1:00—4:00 p.m.                Program

REGISTRATION FEE

Registration                        $265
Non-Member fee                $365

HOTEL INFORMATION

Clubhouse Hotel & Suites
2320 S. Louise Ave – Sioux Falls - 605-361-8700
Room Block released 10/10/18
Rate: $109