Regulatory Alerts2025-07-11 | FIL-30-2025Revisions to the Consolidated Reports of Condition and Income (Call Reports) and the FFIEC 002 Report
The FDIC, Federal Reserve Board, and OCC have finalized instructional revisions to the FFIEC 031, 041, and 051 Call Reports and the FFIEC 002 report regarding loan modifications for borrowers experiencing financial difficulty. Institutions must now report these modified loans for a standardized twelve-month period following the modification date, aligning with FASB Accounting Standards Update 2022–02. The updated reporting requirements take effect for the December 31, 2025 report date with early implementation permitted for September 30, 2025, while public comments on the proposal remain open until August 11, 2025.
Share