The Federal Financial Institutions Examination Council (FFIEC) has approved revisions to the reporting requirements for the Consolidated Report of Condition and Income (Call Report) for 2010. The revisions announced on January 22, which take effect on March 31, 2010 unless otherwise indicated, include the following:

  • New memorandum items in Schedule RI, Income Statement, to identify the components of other-than-temporary impairment losses on debt securities;
  • Clarification of the instructions for reporting unused commitments in Schedule RC-L, Derivatives and Off-Balance Sheet Items;
  • Breakdowns of existing items in Schedule RC-L for unused credit card lines and other unused commitments, and a related breakdown of the existing item for other loans in Schedule RC-C, part I, Loans and Leases;
  • New items in Schedule RC-C, part I, and Schedule RC-L pertaining to reverse mortgages that would be collected annually beginning December 31, 2010;
  • A breakdown of the existing item for time deposits of $100,000 or more and revisions of existing items for brokered deposits in Schedule RC-E, Deposit Liabilities, as a result of the temporary increase in deposit insurance coverage;
  • A change from annual to quarterly reporting for small business and small farm lending data in Schedule RC-C, part II, Loans to Small Businesses and Small Farms, and for the number of certain deposit accounts in Schedule RC-O, Other Data for Deposit Insurance and FICO Assessments;
  • New items in Schedule RC-M, Memoranda, for assets acquired from failed institutions that are covered by FDIC loss-sharing agreements; and
  • The elimination of the item for internal allocations of income and expense from Schedule RI-D, Income from Foreign Offices (which is completed only by certain banks on the FFIEC 031 report form).

Nutter Notes: For the March 31, 2010 report date, banks may provide reasonable estimates for any new or revised Call Report item initially required to be reported as of that date for which the requested information is not readily available. This policy on the use of reasonable estimates will also apply to the reporting of the new reverse mortgage items that will be first implemented effective December 31, 2010. Drafts of the report forms for March 2010 (which also show the new December-only items for reverse mortgages) and draft instructions for the new and revised Call Report items are available on the FFIEC’s Web site (