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.
Call Reports and Other FFIEC Related Forms and Reports
July 11, 2025
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On July 11, 2025, the Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency (collectively, the agencies), under the auspices of the Federal Financial Institutions Examination Council (FFIEC), published the attached final regulatory reporting changes in the Federal Register. These reporting changes proposed by the agencies on September 28, 2023 (see FIL-53-2023, dated October 2, 2023 ), would apply to all three versions of the Call Report (FFIEC 031, FFIEC 041, and FFIEC 051) and to the Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks (FFIEC 002), as applicable, and are subject to approval by the U.S. Office of Management and Budget. On May 22, 2024 (see FIL-26-2024, dated May 23, 2024 ), the agencies finalized certain revisions to the Call Report and FFIEC 002 forms and instructions that were in response to the Financial Accounting Standards Board's (FASB) Accounting Standards Update (ASU) 2022–02, “Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” (ASU 2022–02). The agencies are now finalizing instructional revisions related to the length of time that loan modifications to borrowers experiencing financial difficulty would be reported in the Call Report and FFIEC 002 forms. Institutions would report applicable loans for a 12-month period after being modified. These revisions would be effective as of the December 31, 2025, report date. Early implementation of these changes would be permitted for the September 30, 2025, report date. The agencies encourage you to review and provide comment on the proposed regulatory reporting revisions. You may send comments on this reporting proposal to any or all of the agencies by the methods described in the attached Federal Register notice. Comments must be submitted by August 11, 2025. Redlined copies of the instructions for the FFIEC 031, FFIEC 041, and FFIEC 051 Call Report forms and the FFIEC 002 report form showing the proposed changes will be available on the FFIEC’s webpages for these reports, which can be accessed from the FFIEC’s Reporting Forms webpage. Please share this letter with individuals responsible for preparing Call Reports at your institution. For further information about the proposed Call Report changes, institutions should contact their assigned Call Report analyst. If you do not know the analyst assigned to your institution, state member institutions should contact their Federal Reserve District Bank, while national institutions, FDIC-supervised banks, and savings associations should contact the FDIC’s Data Collection and Analysis Section in Washington, D.C., by telephone at (800) 688-FDIC (3342) or email to FDICInfoReq@fdic.gov. signed by Judith E. Dupré Executive Secretary
FIL-30-2025
Attachment(s)
Federal Register Notice
Related Topics
Accounting
Contact(s)
CDR Help Desk , (888) CDR-3111