FDIC provides third-quarter call report supplemental info related to COVID actions

A letter outlining key considerations for banks’ and savings institutions’ third-quarter Consolidated Reports of Condition and Income (call reports) was issued Wednesday by the federal bank deposit insurer, which included supplemental instructions related to capital rule adjustments made by regulators in response to the COVID-19 pandemic.

The Federal Deposit Insurance Corp. (FDIC), in a Financial Institution Letter, refers back to capital-related and other regulatory changes noted previously by the Federal Financial Institutions Examination Council (FFIEC) affecting the call reports and the Regulatory Capital Reporting for Institutions Subject to the Advanced Capital Adequacy Framework (FFIEC 101). Changes made under several interim final rules were finalized during the third quarter with no or only limited changes. “Institutions should refer to the attached separate standalone September 2020 COVID-19 Related Supplemental Instructions addressing these revisions, which update the June 2020 version of these Supplemental Instructions, as appropriate,” the FIL stated. It said the instructions will be published to each of the FFIEC Reporting Forms web pages shortly.

Except for certain institutions with foreign offices, institutions’ completed call reports must be received by Friday, Oct. 30. An institution with more than one foreign office, other than a “shell” branch or an international banking facility, is permitted an additional five calendar days to submit its call report data, the FDIC said. Such an institution must electronically file its data to the Central Data Repository no later than Wednesday, Nov. 4.

FDIC FIL-97-2020

FFIEC Reporting Forms web pages

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