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
Previous ArticleEBA Proposes to Revise Guidelines on Incident Reporting Under PSD2
PRA published a statement that explains when to expect further information on the PRA approach to transposing the Capital Requirements Directive (CRD5), including its approach to revisions to the definition of capital for Pillar 2A.
SRB published the work program for 2021-2023, setting out a roadmap to further operationalize the Single Resolution Fund and to achieve robust resolvability of banks under its remit over the next three years.
EIOPA is consulting on the relevant ratios to be mandatorily disclosed by insurers and reinsurers falling within the scope of the Non-Financial Reporting Directive as well as on the methodologies to build these ratios.
US Agencies (FDIC, FED, and OCC) issued a joint statement encouraging banks to cease entering into new contracts that use USD LIBOR as a reference rate as soon as practicable and in any event by December 31, 2021, to facilitate an orderly LIBOR transition.
The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS, endorsed a coordinated approach to mitigate COVID-19 risks to the global banking system.
HM Treasury extended the consultation period on Phase II of the Future Regulatory Framework (FRF) Review, from January 19, 2021 to February 19, 2021.
ECB finalized guidance on the way it expects banks to prudently manage and transparently disclose climate and other environmental risks under the current prudential rules.
BCBS published a technical amendment to the capital treatment of securitizations of non-performing loans by banks.
PRA published the policy statement PS23/20 on the calculation of stressed value at risk (sVAR) and risks not in value at risk (RNIV) under the market risk framework.
BoE announced that the Data and Statistics Division is planning to move collection of statistical data to the BoE Electronic Data Submission (BEEDS) portal.