FDIC, in a letter to financial institutions, announced that the Consolidated Reports of Condition and Income (Call Reports) for the December 31, 2019 report date must be submitted to the Central Data Repository of the relevant US agencies by January 30, 2020. An institution with more than one foreign office, other than a “shell” branch or an International Banking Facility, is permitted an additional five calendar days to submit its Call Report data. Such an institution must electronically file its data to the Central Data Repository no later than February 04, 2020. The Call Report forms for December 2019 are available through the FFIEC and the FDIC websites. No new data items take effect this quarter in the Call Report.
In a final rule that took effect on July 22, 2019, the banking agencies have expanded the eligibility to file the FFIEC 051 Call Report to institutions with total assets less than USD 5 billion that also meet certain non-asset-size criteria. Institutions that reported less than USD 5 billion in total assets as of June 30, 2018 and meet the other eligibility criteria may choose to file the FFIEC 051 Call Report for the December 31, 2019 report date. The option to file the FFIEC 051 Call Report as of December 31, 2019, is also available to institutions that have reported total assets of less than USD 1 billion, as of June 30, 2018, and meet the other eligibility criteria, but filed the FFIEC 041 Call Report for the first three quarters of 2019.
Starting with the March 31, 2020 report date, an eligible institution can choose to file the FFIEC 041 or the FFIEC 051 Call Report and should file the same version of the Call Report for each quarter of the calendar year. The USD 5 billion asset-size test for eligibility to file the FFIEC 051 Call Report for report dates in 2020 is based on the total assets an institution has reported as of June 30, 2019. Separate updates to the instruction book for the FFIEC 051 Call Report and the instruction book for the FFIEC 031 and FFIEC 041 Call Reports for the fourth quarter of 2019 are available on the FFIEC and the FDIC websites. In addition, for guidance on certain reporting issues, institutions can refer to the interagency Financial Institution Letter (1-2020) and the accompanying Supplemental Instructions for December 2019.
- Financial Institution Letter (2-2020)
- Financial Institution Letter (1-2020)
- Supplemental Instructions (PDF)
- Final Rule on Reduced Reporting (PDF)
- Reporting Forms
Keywords: Americas, US, Banking, Submission Timeline, FFIEC 031, FFIEC 041, FFIEC 051, Reporting, Call Reports, Supplementary Instructions, FFIEC, FDIC, US Agencies
Next ArticleFED Publishes FAQs on Tailoring Rules for Banks
HM Treasury notified that, after considering all responses, the government intends to bring forward further legislation, when the Parliamentary time allows, to address issues identified in the consultation on supporting the wind-down of critical benchmarks.
EIOPA launched the 2021 stress test for the insurance sector in EU.
UK authorities jointly published the third edition of Regulatory Initiatives Grid setting out the planned regulatory initiatives for the next 24 months.
EC is requesting feedback on the proposed Commission Delegated Regulation on the content, methodology, and presentation of information that large financial and non-financial undertakings should disclose about their environmentally sustainable economic activities under the Taxonomy Regulation.
OSFI has set out the near-term priorities for federally regulated financial institutions and federally regulated private pension plans for the coming months until March 31, 2022.
Under the Italian G20 Presidency, BIS Innovation Hub and the Italian central bank BDI launched the second edition of the G20 TechSprint on the lookout for innovative solutions to resolve operational problems in green and sustainable finance.
ACPR published Version 1.0.0 of the RUBA taxonomy, which will come into force from the decree of January 31, 2022.
EBA proposed the regulatory technical standards on a central database on anti-money laundering and countering the financing of terrorism (AML/CFT) in EU.
ECB published its response to the targeted EC consultation on the review of the bank crisis management and deposit insurance framework in EU.
BCBS, CPMI, and IOSCO (the Committees) are inviting entities that participate in market infrastructures and securities markets through an intermediary as well as non-bank intermediaries to complete voluntary surveys on the use of margin calls.