As we near the first reporting quarter of 2024, there's anticipation about how the recent FASB revisions regarding Troubled Debt Restructurings (TDRs) and the removal of our existing terminology for modified loans will influence our Call Reporting practices.

This 6-hour live streaming webinar will update you on the latest developments in the Call Report. It will cover new, proposed, and revised changes, with a focus on specific Call Report line items that will have an impact from March 2024 onwards.

Participants will receive comprehensive handout materials, including a PDF of the presentation and additional documentation to support the topics discussed. While the focus will be on the FFIEC 041 and 051 reports, if your bank files the FFIEC 031 report, the information covered will still prove valuable.

Call Report preparation is a multifaceted task that demands a deep understanding of bank accounting, regulatory requirements, and various banking operations. Regulatory authorities highly recommend annual training to stay abreast of evolving standards. It's advisable for banks to designate individuals who are trained as both preparers and reviewers for this critical task.What You'll Learn:

• Schedules RI-A and RI-E adjustments to retained earnings and transactions with holding companies
  
• Reporting loan activities in Schedule RC-C, RC-M, RC-N and RC-L
  
• Reporting deposits in Schedule RC-E, to include brokered, reciprocal and sweep arrangements
  
• Reporting other assets and other liabilities correctly
  
• Reporting average balances in Schedules RC-K and RC-O
  
• A look at extensions of credit in Schedule RC-M
  
• Risk weighting loans with targeted look as those loans included in the
• Residential Mortgage Exposure group
  
• Loan coding coverage with a focus on areas that create questions
  
• Eligibility under the CBLR framework with reduced RC-R reporting

A summary of the reporting impact and the implementation timelines for new Accounting Standards Updates (ASU) related to the following will be discussed:

• A recap on Credit Loss Accounting (CECL) under ASU 2016-13 (ASC Topic No 326)
  
• Reporting modified loans under ASU 2022-02 and ASC Topic 326
  
• Reference Rate Reform ASC Topic 848
  
• ASU 2022-01 Layering Method - Derivatives
  
• ASU 2022-03 Fair value measures for equity securities with contractual restrictions
  
• Staff Accounting Bulletin No 121 on Crypto-Asset safeguarding obligations
  
• Reporting estimated uninsured deposits under FIL 54-2023 and FIL 37-2023