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CFT
Webinars are purely educational. Instructors are not permitted to sell any
products or services during the presentation.
Program
Content:
In
January, 2017, the Agencies announced the approval of a new FFIEC 051 form
effective with the March, 2017 call report. For domestic banks with less
than $1 billion in assets the new 051 form will reduce the number of pages
in the call report from 85 to 60 and eliminate 40% of the existing line
items. The frequency of data collection is also reduced for some of the
schedules.
In
July, 2016, the Agencies finalized the changes to the March, 2017 and
September, 2016 Call Reports. The revisions include burden-reducing
changes, as well as revised items, and a couple of instructional changes.
The most significant change is the increase in the CD deposit threshold
from $100,000 to $250,000, which will be effective with the March, 2017
Call Report.
Basel
III risk-based capital changes became effective with the first call report
filing in 2015. The line items related to the Capital Conservation Buffer
were required for the first time in March, 2016. We'll review
clarifications on the risk reporting of loan categories, deferred tax
assets, equity securities, unused commitments, and interest rate locks.
Learn
About:
- 2016/2017 Approved Revisions:
- New FFIEC 051 form for banks with assets of less
than $1 billion
- Increase in the deposit size threshold used to
report certain deposit information from $100,000 to $250,000 in RC-E,
RI, and RC-K (March, 2017)
- Elimination of items on certain restructured
loans, certain assets covered by loss sharing agreements
- Increase in reporting thresholds on RI-E, RC-D,
RC-F, RC-G, RC-Q
- Additional contact information for CEO
- Additional preprinted captions in RC-F and RI-E
- Revision of statements used to describe audit work
on RC
- Deletion of RI 11, extraordinary items
- Instruction update on reporting of net
gains/losses and OTTI on equity securities that do not have readily
determinable fair values
- Elimination of certain items on Other than
temporary impairment
- Risk Based Capital Clarifications:
- loan categories
- deferred tax assets
- equity securities
- unused commitments
- interest rate locks
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 thirty years of experience in bank accounting and control. She received
a BA in Accounting from the University of Houston in 1982. From 1982
through 1997 she worked with Judith Alexander Jenkins, as Alexander &
Associates and subsequently Alexander & Leavelle, providing planning,
financial reporting, regulatory reporting, and operational and compliance
auditing services to over ninety independent banks. In 1998, she organized
Thomas Consulting. At Thomas Consulting she now prepares bank plans,
monthly financial reports, performs regulatory compliance audits and
training and internal control audits for several banks. Additionally, she
prepares and reviews Call Reports for several banks. Ms. Thomas has taught
numerous call report seminars for state banking associations. She has
presented the Call Report Seminar to and has responded to questions from
thousands of bankers in over 16 states. Her experience in working with a
broad range of independent financial institutions is of unique value in
understanding Call Report questions and in communicating with bankers in
their language.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx On
May 29, 2013, the U.S. Department of Treasury, along with several federal
agencies, including the Social Security Administration, the Department of
Veterans Affairs, the Railroad Retirement Board, and the Office of
Personnel Management, published the Final Rule on the Garnishment of
Accounts Containing Federal Benefit Payments. The final rule not only
supersedes state laws pertaining to how financial institutions process
garnishments, but will also apply to state tax levies and warrants.
Covered
Topics:
- A general review of the requirements for processing
garnishments and State tax levies under the final rule
- The special terminology that applies
- The detailed steps financial institutions need to
take when processing garnishment and levy requests
- Examples of how the rules impact garnishment and
levy answers, and hold amounts
- Model language and sample forms that can be used
when providing notice pursuant to the rules
Who
Should Attend?:
This
webinar will be especially helpful for compliance officers, legal counsel
and financial institution personnel who process garnishment answers. Please forward email to appropriate
person(s).
Instructor:
Terri
Thomas
is Senior VP and Legal Department Director for the Kansas Bankers
Association. Prior to this, she was with "Bankers Choice," a
financial consulting firm. Before this, Terri was employed in the financial
industry for over twenty-three years in various capacities. Most notably,
she served for fourteen years as in-house legal counsel and trust officer
for Bank of America and its Kansas predecessors. Receiving her Bachelor of
Arts degree from Kansas State University in 1985, Terri continued her
education at Washburn University School of Law and obtained her Juris
Doctor in 1988. Previously, she served as an adjunct instructor at Washburn
University School of Law and the University of Kansas School of Law and is
a frequent presenter for banking schools and financial associations.
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