BankerCollege

BACKGROUND:

Each quarter all depository institutions file a Call Report with the institutions primary regular. The filings for banks are on the following Forms:

• FFIEC 041 – for banks with domestic offices only
• FFIEC 031 – for banks with at least one foreign office
• FFIEC 051 – for banks with total assets of less than $5 billion (if 051 is elected to be filed)

In addition, credit unions file a Form 5300 Call Report each quarter.

All of these Forms are extensive presentations of balance sheets and income statements with detailed supporting Schedules.

Call Report Training – Part 1 (12:00 - 1:30 pm ET)

The first of this 2-part series covers the basic requirements for two (2) of the three (3) quarterly bank “Call Reports.”

It leaves attendees with an appreciation of the purpose of this important government Call Report, and places significant emphasis on underlying accounting issues that affect the amounts on the applicable lines and Schedules of the Call Reports.

Part I of the two part “Call Report Basics: Introductory Course for Bankers” covers general information about:

• Reporting Forms #031 and #041
• The purpose of the Call Report
• GAAP vs. RAP
• Call Report filing methods
• Call Report filing responsibilities
• Software vendors (preparation help for filers)

It reviews the Balance Sheet (Schedule RC), itself, and the Balance Sheet supporting Schedules, other than Schedule RC-R, RC-T and RC-V. It also reviews the Income Statement (Schedule RI).

It is a fine introductory course for “newcomers” who are preparing, reviewing, auditing or analyzing the Call Report. It is also an excellent refresher for those with prior Call Report involvement and experience.

Learning Objectives

• To understand purposes of Call Report, filing methods, filing responsibilities
• To familiarize preparers with software vendors
• To differentiate between GAAP and RAP
• To comprehend what is required for each Schedule other than Schedule RC-R (Regulatory Capital), Schedule RC-T (Fiduciary and Related Service) and Schedule RC-V (Variable Interest Entities) and Schedule RI (Income Statement)

Call Report Training – Part 2 

This second part of this Call Report training covers in detail the following important Schedules not covered in Part I:

• RC-R Part I and Part 2 – Regulatory Capital (arguably the most important schedule)
• RC-T – Fiduciary and Related Services (Trust Business)
• RC-V – Variable Interest Entities
• RI – Income Statement

Schedule RC-R is of particular interest to attendee because it is where the four key capital ratios and how they are developed are shown.

Learning Objectives

• To distinguish between the details for the capital ratio numerator and capital ratio denominator
• To learn how the Call Report presents the calculation of the following Capital Ratios
  • CET1 Capital Ratio
  • Tier 1 Capital Ratio
  • Total Capital Ratio
  • Leverage Ratio
• In addition to Schedule RC-R, to master the following Schedules:
  • RC-S Four Primary Disclosure Items
  • RC-T Requirements for Fiduciary Assets Greater Than $250 million
  • RC-T Requirements for Fiduciary Assets Equal to or Less Than $250 million
  • RC-V VIEs
  • RI Income Statement