Ann Thomas has twenty-seven years of experience in bank accounting and control. She received a BA in Accounting from the University of Houston in 1982. From 1982 through 1997 she worked with Judith Alexander Jenkins, as Alexander & Associates and subsequently Alexander & Leavelle, providing planning, financial reporting, regulatory reporting, and operational and compliance auditing services to over ninety independent banks. In 1998, she organized Thomas Consulting. At Thomas Consulting she now prepares bank plans, monthly financial reports, performs regulatory compliance audits and training and internal control audits for several banks. Additionally, she prepares and reviews Call Reports for various banks. Ms. Thomas has taught numerous call report seminars for state banking associations. She has presented the Call Report Seminar to and has responded to questions from thousands of bankers in over 16 states. Her experience in working with a broad range of independent financial institutions is of unique value in understanding Call Report questions and in communicating with bankers in their language.
On January 22, 2010, the regulatory agencies approved changes to the 2010 Call Report to assist in managing the current credit crisis and provide additional data needed to monitor for safety and soundness. Revisions include clarification on the definition of unused commitments, reporting on Reverse Mortgages, new reporting to identify other than temporary losses on debt securities, additional reporting on brokered deposits, quarterly reporting of loans to small business and small farms, and quarterly reporting of the number of all deposit accounts on RC-O.
For banks that have elected to participate in the FDIC’s transaction account guaranty (TAG) program, revisions have been approved for reporting on RC-O M4a and M4b. Beginning with the September, 2010 call report, you will be required to report quarter to date averages instead of quarter end balances and the quarter to date number of accounts instead of the number of accounts at quarter end.
This update will benefit the more experienced Call Report preparers, reviewers, and auditors. It will supplement annual comprehensive Call Report training recommended by bank regulators.
