United States Federal Deposit Insurance Corporation and other banking agencies require 12-month reporting of loan modifications for borrowers in financial difficulty in Call Reports and FFIEC 002

The Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency, acting under the Federal Financial Institutions Examination Council, published Federal Register changes to regulatory reporting for the Consolidated Reports of Condition and Income (Call Reports) and the FFIEC 002. The revisions update the instructions on how long institutions must continue to report loan modifications made to borrowers experiencing financial difficulty. Institutions would report applicable modified loans for 12 months after the modification. The changes apply to all three Call Report versions (FFIEC 031, FFIEC 041, and FFIEC 051) and, as applicable, to the FFIEC 002, and are subject to approval by the U.S. Office of Management and Budget. The agencies noted these changes build on revisions previously proposed in September 2023, and referenced separate Call Report and FFIEC 002 revisions finalized in May 2024 in response to Financial Accounting Standards Board Accounting Standards Update 2022–02 on troubled debt restructurings and vintage disclosures. The instructional revisions would take effect for the December 31, 2025, report date, with early implementation permitted for the September 30, 2025, report date. Comments are requested by August 11, 2025.