August 30, 2016

Call Report Revisions

Call Report Revisions Tax & Business

In response to the industry concerns regarding Call Reporting preparation and related costs, the FFIEC has approved burden-reducing revisions to Call Reports effective September 30, 2016 and March 31, 2017. These revisions still need to be approved by the U.S. Office of Management and Budget and the FFIEC made some minor modifications since the revisions proposed in September 2015.   

For more detail of the FFEIC proposed revisions please see the attached FIL-44-2016, as well as the FFIEC forms website for assistance with preparation of the related Call Reports.  For additional information or assistance please contact James Dowling, MBA, Assurance Manager, and member of Marcum’s Financial Institutions Industry Group.

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Tax & Business