Common Reporting Errors

Average Consolidated Total Assets

1. The instructions for Line 4 of Schedule RC-O provide that Consolidated Total 

Assets used in determiningthe Daily or Weekly averages should be measured in 

accordance with the instructions for Line 9 of Schedule RC-K. Instruction for Line 

9 of Schedule RC-K, the Average Total Assets should be on the same basis as Line

12 of Schedule RC, except for:

a. All debt securities (not held for trading) at amortized cost, and

b. To the extent that net deferred tax assets included in the bank’s total assets 

include the deferred taxeffects of any unrealized holding gains and losses on 

available-for-sale debt securities, these deferred tax effects may be excluded 

from the determination of the quarterly average for total assets.

2. There are some general ledger account balances that should be reclassified from a 

liability to an asset (orfrom an asset to a liability) in preparing the Call Report.

These non-traditional balances should be reclassified prior to the completion of Call

Report information, as they could inappropriately decrease aninstitution’s average 

consolidated total assets. 

3. In preparing the Call Report, there are also some general ledger account balances 

that should be aggregated (e.g., income taxes, deferred taxes). The net balance of 

the aggregated accounts could result in an asset or liability. These general ledger 

accounts should also be aggregated when calculating average consolidated total 

assets.

Average Tangible Equity

1. There are two acceptable Average Tangible Equity methods:

a. The average method based on taking the sum of the amounts of Tier 1 Capital 

for “each month-enddate” during the calendar quarter and dividing by three;

or

b. The quarter-end method based on the amount of Tier 1 Capital as of the quarterend date.

2. The proper averaging method for institutions are:

a. The quarter-end method, which is only available to institutions that:
i. Reported less than $1 billion in consolidated total assets, on Line 12 

of Schedule RC as ofMarch 31, 2011,

ii. Were FDIC-insured on or before March 31, 2011, and

iii. Have not reported average consolidated total assets of $1 billion or more 

on Line 4 of

Schedule RC-O, for two consecutive quarters since March 31, 2011.

b. Institutions that report more than $1 billion in total assets are required by the 

instructions to usethe three month-end average method.

Merger/Acquisition

1. Average Consolidated Assets

a. If the reporting institution is the surviving or resulting institution in a merger

or consolidation thatoccurred during the calendar quarter, the reporting 

institution should calculate its average consolidated total assets by including 

the consolidated total assets of all entities that were merged or consolidated

into the reporting institution as if the merger or consolidation occurred on the

first day of the calendar quarter.

b. If the reporting institution was acquired in a transaction that became effective 

during the calendarquarter, the reporting institution should calculate its 

average consolidated total assets as if the acquisition occurred on the first day

of the calendar quarter.

2. Average Tangible Equity

a. If the reporting institution is the surviving or resulting institution in a merger

or consolidation thatoccurred after the end of the first month of the calendar 

quarter and it reports its average tangible equity on a monthly average basis, 

the reporting institution should calculate its average tangible equity as if the

merger or consolidation occurred on the first day of the quarter.

b. If the reporting institution was acquired in a transaction that became effective 

after the end of thefirst month of the calendar quarter, the reporting institution 

should calculate its average tangible equity as if the acquisition occurred on

the first day of the calendar quarter.