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Agencies Issue Call Report Instructions for Q1 Reports

Agencies Issue Call Report Instructions for Q1 Reports

Posted: Apr 07 2021
The federal banking agencies have issued instructions for institutions required to file Call Report data for the first quarter. Data submissions must be received by Friday, April 30, 2021. Institutions with more than one foreign office, other than a “shell” branch or an international banking facility, must file their data by Wednesday, May 5, 2021.
 
The agencies also previously announced several temporary changes to the Call Report to provide relief to banks with under $10 billion in assets. The changes apply to three versions of the Call Report—FFIIEC 031, FFIEC 041 and FFIEC 051—and will allow banks to use the lesser of the total consolidated assets reported in its Call Report as of Dec. 31, 2019, or June 30, 2020, when determining whether the institution has crossed certain total asset thresholds to report additional data items in its Call Reports for report dates in calendar year 2021.
 
Institutions may submit their data either by using computer software to prepare and edit the report data and then electronically submitting it directly to the agencies’ Central Data Repository, or by completing the report in paper form and working with an external vendor to convert it to an electronic format.
 
To read more, visit: https://www.fdic.gov/news/financial-institution-letters/2021/fil21025.html
 

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