Banking Regulators Seek Input on Streamlining Call Reports

The Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation requested comment on ways to streamline the Consolidated Reports of Condition and Income ("Call Report") forms and instructions.

In a joint Request for Information ("RFI"), the agencies seek input on how the Call Report filing process, technology used for preparation and submission, and existing reporting thresholds could be improved to reduce compliance burdens while preserving supervisory effectiveness. The agencies stated that this initiative is part of their statutory requirement to review data collections every five years and complements the ongoing Economic Growth and Regulatory Paperwork Reduction Act review.

Specifically, the agencies requested comment on:

• Identifying burdensome reporting items. The agencies seek input on which Call Report schedules or line items are most resource intensive, require significant manual work, or are maintained only for reporting purposes. They also want feedback on how current or emerging technologies and core systems could better support or automate Call Report preparation.
• Expanding short form eligibility. The agencies are considering raising the asset threshold for the FFIEC 051 short form Call Report so more institutions can use reduced reporting in the first and third quarters. They also seek input on whether eligibility should factor in capital, risk, or business model, and how the 051 form itself could be further streamlined.
• Assessing data usage and frequency. The RFI asks commenters to identify data items that may be unnecessary, or could be collected less frequently or in more aggregated form. The agencies also want feedback on how institutions use Call Report and UBPR data, whether any items need more detail or frequency, and how reporting changes might affect off-site monitoring and examination practices.

Comments on the RFI must be submitted by January 30, 2026.