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TCH Requests FRBNY Highlights Changes in Supplemental Instructions to Call Reports

The Clearing House Association submitted an unsolicited letter to the Federal Reserve Bank of New York requesting that the Supplemental Instructions highlight any changes from the instructions for the immediately prior period. On October 13, in response to the recommendation made by TCH Association, the FRBNY agreed to highlight changes in future iterations of the Supplemental Instructions to the Call Reports. This change eliminates the burden of comparing each word of the Supplemental Instructions to the Call Report against the immediately prior period’s instructions in order to complete the Call Reports, as well as decreases the likelihood those changes to the instructions are inadvertently overlooked.