FDIC Requires Submission of Call Reports by End of October 2020
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.
Related Links
- 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
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Patrycja Oleksza
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Previous Article
EBA Proposes to Revise Guidelines on Incident Reporting Under PSD2Related Articles
EBA Publishes Final Regulatory Standards on STS Securitizations
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.
ECB Further Reviews Costs and Benefits Associated with IReF
The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.
EBA Publishes Funding Plans Report, Receives EMAS Certification
The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).
MAS Launches SaaS Solution to Simplify Listed Entity ESG Disclosures
The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.
BCBS to Finalize Crypto Rules by End-2022; US to Propose Basel 3 Rules
The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.
IOSCO Welcomes Work on Sustainability-Related Corporate Reporting
The International Organization of Securities Commissions (IOSCO) welcomed the work of the international audit and assurance standard setters—the International Auditing and Assurance Standards Board (IAASB)
BoE Allows One-Day Delay in Statistical Data Submissions by Banks
The Bank of England (BoE) published a Statistical Notice (2022/18), which informs that due to the Bank Holiday granted for Her Majesty Queen Elizabeth II’s State Funeral on Monday September 19, 2022.
ACPR Amends Reporting Module Timelines Under EBA Framework 3.2
The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2.
ECB Paper Discusses Disclosure of Climate Risks by Credit Agencies
The European Central Bank (ECB) published a paper that examines how credit rating agencies accepted by the Eurosystem, as part of the Eurosystem Credit Assessment Framework (ECAF)
APRA to Modernize Prudential Architecture, Reduces Liquidity Facility
The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility (CLF) for authorized deposit-taking entities to ~USD 33 billion on September 01, 2022.
