FDIC, in a letter to financial institutions, announced that the Consolidated Reports of Condition and Income (Call Reports) for the September 30, 2019 report date must be submitted to the agencies' Central Data Repository by October 30, 2019. 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 the Call Report data. Such an institution must electronically file its data to the Central Data Repository no later than November 04, 2019. The Call Report forms for the third quarter of 2019 are available through the FFIEC and the FDIC websites.
In a final rule that took effect on July 22, 2019, the banking agencies have expanded 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. In conjunction with the expanded FFIEC 051 filing eligibility, the agencies have:
- Reduced the reporting frequency for a number of existing data items in the FFIEC 051 Call Report from quarterly to semiannually, which further streamlines the report in the first and third quarters by increasing the number of FFIEC 051 data items for which semiannual reporting will apply
- Incorporated a limited number of data items currently reported in the FFIEC 041 Call Report into the FFIEC 051 Call Report, generally with a reduced reporting frequency. These data items are applicable only to certain institutions with USD 1 billion or more in total assets.
An eligible institution may choose to begin filing the FFIEC 051 Call Report beginning as of September 30, 2019, or it may wait to do so until the December 31, 2019 report date. Beginning as of either September 30 or December 31, 2019, the option to file the FFIEC 051 Call Report is also available to institutions that reported total assets 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 and second quarters of 2019. No new or revised data items take effect this quarter in the FFIEC 041 and FFIEC 031 Call Reports. 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 third quarter 2019 are available on FFIEC and FDIC websites. Institutions should refer to the interagency Financial Institution Letter (55-2019) and the accompanying Supplemental Instructions for September 2019 for guidance on certain reporting issues.
- Financial Institution Letter (58-2019)
- Financial Institution Letter (55-2019)
- Supplementary Instructions (PDF)
- Final Rule on Reduced Reporting (PDF)
Keywords: Americas, US, Banking, Submission TimeLine, FFIEC 031, FFIEC 041, FFIEC 051, Reporting, Call Reports, Supplementary Instructions, FFIEC, FDIC, US Agencies
Previous ArticleEC Consults on Review of Regulation on Financial Benchmark Indices
BoE published a statistical notice (Notice 2020/9) explaining the approach for treatment of payment holidays on the profit and loss return or Form PL.
BoE updated the known issues document for the statistical reporting Forms AS and FV.
FED announced individual capital requirements for 34 large banks and these requirements go into effect on October 01, 2020.
SRB published a set of documents to give operational guidance to banks on implementation of the bail-in tool.
BIS published an update on the G20 TechSprint Initiative, which was launched in April 2020 and aims to highlight the potential for technologies to resolve regulatory compliance (regtech) and supervisory (suptech) challenges.
OSFI published a letter that provides an update on the milestones for the implementation of the IFRS 17 standard on insurance contracts.
EBA updated the report on the implementation of selected COVID-19 policies.
The Financial Stability Institute (FSI) of BIS published a brief note that examines the supervisory challenges associated with certain temporary regulatory relief measures introduced by BCBS and prudential authorities in response to the COVID-19 pandemic.
BCBS is consulting on the principles for operational resilience and the revisions to the principles for sound management of operational risk for banks.
BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.