Letter reminds that call reports due by month’s end – including first ‘streamlined’ reporting for smaller institutions

Call reports for the third quarter are due by Oct. 30, the federal insurer of bank deposits told insured institutions Friday in a letter.

The Federal Deposit Insurance Corp. (FDIC), in Financial Institution Letter (FIL) 58-2019, also noted that certain institutions with foreign offices have an additional five calendar days to file the reports (formally known as the Consolidated Reports of Condition and Income).

Under a final rule effective July 22, certain banking institutions are able to file a more streamlined call report (FFIEC 051) for first and third quarters, starting with the report due at the end of this month, if they had less than $5 billion in assets as of June 30, 2018, and meet other criteria, including: has no foreign offices, is not required to or has not elected to use Subpart E (Internal Ratings-Based and Advanced Measurement Approaches) of the agencies’ regulatory capital rules to calculate its risk-based capital requirements, and is not a large or highly complex institution for purposes of the FDIC’s assessment regulations.

FDIC FIL 58-2019: Consolidated Reports of Condition and Income

 

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