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Tuesday, February 24, 2015

Agencies Revise Call Report, Offer Teleconference on Changes

The federal banking regulators announced further revisions to Schedules RC-R and RC-L in the Call Report based on the final Basel III regulatory capital rules and scheduled a teleconference for tomorrow to discuss the changes. The new RC-L would require all institutions to report the amount of securities borrowed or lent. The revised RC-R would continue aligning the Call Report with Basel III, with specific changes to reporting requirements for risk-weighted assets.

The final regulatory capital rules give institutions that do not use advanced approaches the ability to exclude Accumulated Other Comprehensive Income from their Basel III regulatory capital calculations. This election to exclude AOCI, or opt-out, is a one-time selection that must be made on the March 31, 2015, Call Report — when today’s revisions take effect. The opt-out will be in Part I of Call Report schedule RC-R, line item 3a.

ABA strongly urges bankers to join the agencies’ teleconference tomorrow, Feb. 25, from 2-4 p.m. EST, in order to learn more and ask questions.

Read more and join the teleconference.

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