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Board of Governors of the Federal Reserve SystemOMB Number: 71000032 Approval expires June 30, 2021 Page 1 of 32Federal Financial Institutions Examination CouncilReport of Assets and Liabilities of
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01
Collect all relevant financial data of the agency, including balance sheets, income statements, and cash flow statements.
02
Identify the specific reporting requirements for the agency's annual asset-size calculations. This may include regulatory guidelines or internal policies.
03
Calculate the agency's total assets by summing up the values of all assets listed on the balance sheet.
04
Determine if any adjustments or exclusions need to be made to the total assets calculation. This could involve removing certain non-operating assets or adjusting for any significant events or transactions.
05
Document the methodology used for the asset-size calculation, including any assumptions or estimates made.
06
Prepare the annual asset-size report, ensuring it is accurate and includes all necessary information.
07
Review the report for any errors or inconsistencies, and make any necessary revisions.
08
Obtain the necessary approvals and sign-offs from relevant individuals or departments within the agency.
09
Distribute the annual asset-size report to the appropriate stakeholders, such as regulatory bodies, auditors, or internal management.
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Maintain records and documentation of the annual asset-size calculations and reports for future reference.

Who needs agencies release annual asset-size?

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Regulatory bodies
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The agencies release annual asset-size is a financial statement that outlines the total assets held by an agency at the end of the fiscal year.
Agencies that manage public funds or hold significant financial assets are typically required to file the annual asset-size report.
To fill out the annual asset-size, agencies must collect financial data, verify asset values, and complete the designated forms as required by the relevant authority.
The purpose of the annual asset-size report is to provide transparency regarding the financial position of an agency and to inform stakeholders about resource management.
Information that must be reported includes total asset values, classifications of assets, and any changes in asset size compared to the previous year.
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