FDIC, in a letter to financial institutions, announced that the Consolidated Reports of Condition and Income (or Call Reports) for the September 30, 2020 reporting date must be submitted to the Central Data Repository of the relevant US agencies by October 30, 2020, with the exception of certain institutions with foreign offices. The supplemental instructions for Call Reports as well as the supplemental instructions for COVID-19-related activities affecting Call Reports and FFIEC 101 (which addresses the regulatory capital reporting for institutions subject to advanced capital adequacy framework) accompany the FDIC letter. Institutions with more than one foreign office, other than a “shell” branch or an International Banking Facility, are permitted an additional five calendar days to submit the Call Report data. Such institutions must electronically file the data to the Central Data Repository no later than November 04, 2020. The Call Report forms for September 30, 2020 are available through the FFIEC and the FDIC websites.
As FFIEC previously advised, the Call Reports and FFIEC 101 for March and June 2020 included revisions associated with several interim final rules and a final rule issued by one or all of the agencies in response to the impact on the financial markets and economy as a result of the COVID-19 pandemic. The revisions also resulted from certain provisions of the 2020 Coronavirus Aid, Relief, and Economic Security Act (CARES Act). During the third quarter, US Agencies finalized several of the capital-related interim final rules with no changes or only limited changes. Institutions should refer to the standalone September 2020 COVID-19-related supplemental instructions and address these revisions.
There are no new Call Report data items in the FFIEC 031, FFIEC 041, or FFIEC 051 Call Report forms this quarter. New topics that have been added to the September 2020 supplemental instructions for Call Reports are “Reference Rate Reform” and “Uncollectible Accrued Interest Receivable under ASC Topic 326.” The topic on “Reporting High Volatility Commercial Real Estate (HVCRE) Exposures” has been removed from the supplemental instructions this quarter. In addition, these supplemental instructions include an Appendix providing information on certain sections of the CARES Act that affect accounting and regulatory reporting.
- Financial Institution Letter
- Supplemental Instructions (PDF)
- COVID-Related Supplemental Instructions for Call Reports (PDF)
- COVID-Related Supplemental Instructions for FFIEC 101 (PDF)
- Reporting Forms
Keywords: Americas, US, Banking, COVID-19, Submission Timeline, Reporting, Call Reports, Supplemental Instructions, CARES Act, FFIEC 101, FFIEC, Basel, Regulatory Capital, FDIC
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