FDIC Letter Reinforces Call Reports to be Submitted by End of July
FDIC, in a letter to financial institutions, announced that the Consolidated Reports of Condition and Income (Call Report) for the June 30, 2019 report date must be submitted to the agencies' Central Data Repository by July 30, 2019. Certain institutions with foreign offices have an additional five calendar days to file their reports. The Call Report forms for the second quarter of 2019 are available through the FFIEC Reporting Forms webpage and the FDIC Bank Financial Reports webpage.
No new or revised data items take effect this quarter in the FFIEC 051, FFIEC 041, or FFIEC 031 Call Report. 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 second quarter 2019 are available on the FFIEC and FDIC websites. In a final rule effective 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 other criteria. In addition, certain revisions to the FFIEC 051 Call Report will take effect September 30, 2019, subject to approval from the U.S. Office of Management and Budget. An eligible institution may choose to begin filing the FFIEC 051 Call Report beginning as of September 30, 2019, or it may wait to begin until the December 31, 2019 report date. For the June 30, 2019, report date, an institution that reported total assets less than USD 5 billion in the Call Report for June 30, 2018 should file the same report form (either the FFIEC 051 or the FFIEC 041) as it filed for the March 31, 2019 report date.
Related Links
Keywords: Americas, US, Banking, FFIEC 031, FFIEC 041, FFIEC 051, Reporting, Call Reports, Submission Timeline, FDIC
Featured Experts
Laurent Birade
Advises U.S. and Canadian financial institutions on risk and finance integration, CCAR/DFAST stress testing, IFRS9 and CECL credit loss reserving, and credit risk practices.
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.
Previous Article
IASB Decides to Propose Targeted Improvements to IFRS 17Related Articles
EU Agencies Update LCR Rule and Macro-Prudential Policy Recommendation
The European Commission (EC) published the Delegated Regulation 2022/786 with regard to the liquidity coverage requirements for credit institutions under the Capital Requirements Regulation (CRR).
EBA Publishes Regulatory Standards to Identify Shadow Banking Entities
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying the criteria to identify shadow banking entities for the purposes of reporting large exposures.
EIOPA Examines Physical Climate Risk Exposure, SII Non-Compliance
The European Insurance and Occupational Pensions Authority (EIOPA) published a report assessing insurers' exposure to physical climate change risks
NGFS Report Explores Quantification of Climate Risk Differentials
The Network for Greening the Financial System (NGFS) published two reports to aid central banks and regulators in their oversight of the financial sector and in their central bank operations
EC Publishes Results on Review of Web Accessibility Directive
The European Commission (EC) published the results of a public consultation, held in October 2021, on the review of the Web Accessibility Directive.
MAS Consults on Adjustment Spreads for Conversion of SOR Contracts
The Monetary Authority of Singapore (MAS) and the SC-STS are jointly consulting, until June 10, 2022, on setting adjustment spreads for the conversion of legacy SOR contracts to SORA reference rate.
OSFI Discusses Benchmark Rate Transition, Sets Out Work Priorities
The Office of the Superintendent of Financial Institutions (OSFI) published the strategic plan for 2022-2025 and the departmental plan for 2022-23.
EBA Proposes Standards to Support Secondary NPL Markets
The European Banking Authority (EBA) is consulting, until August 31, 2022, on the draft implementing technical standards specifying requirements for the information that sellers of non-performing loans (NPLs) shall provide to prospective buyers.
EU Confirms Agreement on Rules on Cybersecurity and Banking Resolution
The European Council and the Parliament reached an agreement on the revised Directive on security of network and information systems (NIS2 Directive).
EBA Issues Standards for Crowdfunding Service Providers Under ECSPR
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying information that crowdfunding service providers shall provide to investors on the calculation of credit scores and prices of crowdfunding offers.
