2018 Call Report Review & Update Hutchinson
1400 N. Lorraine
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Who Should Attend
Banks should train a preparer and a reviewer. Anyone responsible for preparing, auditing, or signing the call report will find this program valuable. Annual training is highly recommended by bank regulators. Recommended for 6.5 hours CPE Credit.
Ann Thomas has 30 years of experience in bank accounting and control. For 15 years she worked with Alexander & Leavelle, providing planning, financial reporting, regulatory reporting, and operational and compliance auditing services to over 90 independent banks. In 1998, she organized Thomas Consulting.
In 2017, the Agencies approved a new 051 form for domestic banks with less than $1 billion in assets which reduces 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 that will impact the June, 2018 call report were approved in December, 2017 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.
In September, 2017, the agencies issued proposed simplifications to the risk-based capital rules. The rules proposed replace the complex definition of high volatility commercial real estate exposure with a more straightforward definition, simplify 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.
KBA Members: $215
Add $25 if registering after February 16, 2018