Regulators Revise Call Report Brokered Deposit Rules
The FDIC, Federal Reserve Board and OCC are revising Call Report instructions to reflect changes to how certain reciprocal deposits are treated under federal housing legislation.
Updated on Nov. 3, 2026 in Economic Indicators
The FDIC, Federal Reserve Board and OCC published an initial Paperwork Reduction Act notice in the Federal Register on October 27, 2026, revising Call Report instructions. The changes align with an FDIC interim final rule that updates how certain reciprocal deposits are classified as brokered deposits.
Why it matters
The revisions bring bank regulatory reporting in line with the 21st Century ROAD to Housing Act, which revised the treatment of certain reciprocal deposits. Consistent Call Report instructions help ensure that banks report deposit data uniformly under the new classification.
The initial Paperwork Reduction Act notice was published October 27, 2026, and the agencies received emergency Office of Management and Budget approval for the revisions. Public comments are due December 28, 2026, and the agencies have not said whether further instruction changes will follow.
The players
Federal Deposit Insurance Corporation (FDIC)
The FDIC is the independent federal agency that insures deposits at U.S. banks and regulates certain financial institutions, and it approved the interim final rule on brokered deposits.
Federal Reserve Board
The Federal Reserve Board is the governing body of the U.S. central bank, which supervises bank holding companies and state-chartered member banks.
Office of the Comptroller of the Currency (OCC)
The OCC is a bureau of the U.S. Treasury Department that charters, regulates and supervises national banks and federal savings associations.
The details
The FDIC Board approved an interim final rule on August 27, 2026, effective September 1, 2026, implementing section 902 of the Housing Act. The instructions for all three Call Report forms were updated to match, and comments may be submitted to any or all of the agencies by the methods in the Federal Register notice.
Timeline
July 11, 2026: The 21st Century ROAD to Housing Act became law.
August 27, 2026: The FDIC Board approved the interim final rule.
September 1, 2026: The interim final rule took effect.
October 27, 2026: The initial Paperwork Reduction Act notice was published in the Federal Register.
December 28, 2026: Deadline for submitting comments on the revisions.
Macro View
The revisions implement the 21st Century ROAD to Housing Act, which changed how certain reciprocal deposits are treated as brokered deposits. Because brokered deposit classification affects banks' funding reporting, the Call Report update carries the statutory change from legislation into the data banks submit to regulators.
Banks that report deposit data to regulators must follow the updated Call Report instructions, which affect how reciprocal deposits are categorized in their filings. Customers are not directly affected by the reporting change, but it determines how banks account for these deposits in regulatory submissions.
The takeaway
Banks and observers tracking deposit funding should note the December 28, 2026 comment deadline, since the agencies are explicitly asking whether the instructions need further changes.
What happens next
Public comments on the Call Report revisions are due December 28, 2026, and the agencies will review submissions before deciding whether further instruction changes are needed.
Further reading
For related coverage of official banking and economic data releases, see Economic Indicators in the United States section.
Source note: This article includes information reported by Fdic.
