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CFT
Webinars are purely educational. Instructors are not permitted to sell any
products or services during the presentation.
Program
Content:
The
regulators are continuing on their burden reducing approach and approved
more reductions to the FFIEC 051 forms, which will be effective in
September, 2019. The regulators have increased the small bank eligibility
size for filing on the FFIEC 051 form from $1 billion in assets size to $5
billion and have made more line items required only semi-annually. The most
significant change to semi-annual reporting is to RCR Pt II lines 1-25, the
detail reporting of both on and off balance sheet risk weighting. Total
risk weighted assets however, will still be required to be reported. Banks
with assets of more than $1 billion will be required to report the consumer
deposit detail information on balances and service charges in December
only; schedule RIC semi-annually; RCO M2 on a quarterly basis.
In a
second proposal the regulators are considering regulatory burden relief to
qualifying community banking organizations by allowing an option to
calculate a simple leverage ratio, rather than multiple measures of capital
adequacy.
The
regulators approved revisions to the 2019 Call Report to align the
information in the call report with the new credit loss accounting
standard. The changes include updates to twelve schedules to address the
broader scope of financial assets for which an allowance for credit losses
must be established and maintained. Under a CECL proposed notice of
rulemaking, a bank may elect to phase in the regulatory capital impact of
adopting CECL over a three year period.
Changes
to reporting of high volatility commercial real estate (HVCRE) exposures as
well as reciprocal deposits were included in the June, 2018 supplemental
instructions.
The
webinar will cover the latest revisions, including approved and proposed
changes the Call Report. In addition, updates due to revisions in
accounting standards, other areas of concern, and common errors made during
call report preparation will be reviewed.
Learn
About:
2019
Approved and Proposed Revisions:
- Further burden reducing updates to the FFIEC 051
forms, including semi-annual reporting of RCR Pt II lines 1-25 –
effective September, 2019
- FFIEC 041 and 051 schedule changes due to address
the broader scope of financial assets for which an allowance for
credit losses must be established and maintained – effective March,
2019
- Option to calculate a simple leverage ratio, rather
than multiple measures of capital adequacy for banks that meet certain
criteria — proposed
Recent
Accounting Updates (equities, leases, other real estate)
Common
Errors Made in Call Report Preparation
Who
Should Attend?:
This
update will benefit more experienced Call Report preparers, reviewers, and
auditors. It will supplement annual comprehensive Call Report training
recommended by bank regulators. Please
forward email to appropriate person(s).
Instructor:
Ann
Thomas
has over thirty years of experience in bank accounting and control. She
received a BA in Accounting from the University of Houston in 1982. She
worked with Judith Alexander Jenkins for 15 years, providing planning,
financial reporting, regulatory reporting, and operational and compliance
auditing services to over ninety independent banks. In 1998, she organized
Thomas Consulting. As Thomas Consulting, she has performed regulatory
compliance audits and training, internal control audits, and prepares and
reviews Call Reports for numerous banks. Ms. Thomas has taught call report
seminars for state banking associations since 1999. She has presented the
Call Report Seminars to and has responded to questions from thousands of
bankers across the country. Her experience in working with a broad range of
independent banks is of unique value in understanding Call Report questions
and in communicating with bankers in their own language.
What
Is A Webinar?:
A
webinar combines the clarity of an audio teleconference with the
interactivity and visual presentation of the internet. All you need to
participate is a telephone and an internet connection. Even if you don't
have an internet connection, you can still participate in the audio
session. Listening to the program over the telephone and following the
written materials is an effective alternative!
Unable
To Attend?:
No
problem. You can purchase a recording of the webinar for future use. You
can choose from either an On-Demand Web Link (Good for 6 months from the
webinar date, unlimited use) or a CD-ROM (includes a paper copy of the
PowerPoint slides).
Viewing
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options include applicable handouts. You can choose to pay by credit card
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