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FFIEC - Effect of FDIRA on Call Report Requirements

ABA Contact: Cris Naser
Published: 70 Federal Register 26809
Comments Due: May 22, 2006
Disposition: Filed

The FDIC, the Federal Reserve and OCC issued a notice requiring that banks include the following reporting elements in the June 30, 2006 Call Report to take into effect the increased insurance coverage for certain retirement accounts:

  • The amount and number of deposit accounts (excluding retirement accounts) of $100,000 or less;
  • The amount and number of deposit (excluding retirement accounts) of more than $100,000;
  • The amount and number of retirement deposit accounts of $250,000 or less; and
  • The amount and number of retirement deposit accounts of more than $250,000.

Even though the agencies would give banks the opportunity to make a reasonable estimate of the data for the June 2006 report, our members believe there is insufficient data for even a reasonable effort. In addition, there is confusion about exactly which retirement accounts are eligible for the increased insurance coverage. Therefore, ABA strongly urged the Agencies to delay reporting uninsured deposits in the Call Report until 1) FDIC has finalized its deposit insurance interim rule and provided guidance about which types of retirement accounts are eligible for $250,000 in deposit insurance, and 2) banks are given a reasonable amount of time to make the system changes necessary to provide this information.

2006 Regulatory Chart
Comment Letter
Federal Register