Thursday, April 9, 2020

Consolidated Reports of Condition and Income for First Quarter 2020

Institutions have an additional 30 days to submit their first quarter call report data.

Financial Institution Letter

April 9, 2020


Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Board of Governors of the Federal Reserve System


Consolidated Reports of Condition and Income for First Quarter 2020 

The attached materials pertain to the Consolidated Reports of Condition and Income (Call Report) for the March 31, 2020, report date. The federal banking agencies understand that institutions may need additional time to submit certain regulatory reports in light of staffing priorities and disruptions caused by the Coronavirus Disease 2019 (COVID-19).  As announced by the Federal Financial Institutions Examination Council (FFIEC) in a press release issued on March 25, 2020, the agencies will not take action against any institution for submitting its March 31, 2020, Call Report after the respective filing deadline, as long as the report is submitted within 30 days of the official filing date.  Institutions are encouraged to contact their primary federal regulator in advance of the official filing date if they anticipate a delayed submission.  Nevertheless, please plan to complete as early as possible the preparation, editing, and review of your institution's Call Report data and the submission of these data to the agencies' Central Data Repository (CDR).  Starting your preparation early will help you identify and resolve any edit exceptions before the submission deadline.  If you later find that certain information needs to be revised, please make the appropriate changes to your Call Report data and promptly submit the revised data file to the CDR.

 

Read the FIL

 

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