Federal Reserve Board – FFIEC 031 FFIEC 041 FFIEC 051

July 15-22, 2021

DRAFT

FFIEC 031 / FFIEC 041 / FFIEC 051
Initial Federal Register notice was posted, available here.

The agencies are requesting comments on proposed changes to clarify instructions for reporting of deferred tax assets (DTAs) consistent with a proposed rule on tax allocation agreements and a new item related to the final rule on the standardized approach for counterparty credit risk (SA-CCR).

Comments must be submitted on or before September 20, 2021.

Client Impact:
The proposed change (new item) for SA-CCR will be a checkbox on Schedule HC-R, part I beginning with as-of 12/31/2021 (Q4 2021) reporting.

For more information, visit www.federalreserve.gov.

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