FDIC letter reminds call reports are due Jan. 30; no new data items this round

With the year-end 2023 call report coming due soon, the federal bank deposit insurer said Tuesday that no new data items take effect this quarter in the FFIEC 031, FFIEC 041 or FFIEC 051 call report forms for federally supervised banks.

Even so, the Federal Deposit Insurance Corp. (FDIC), in its first Financial Institution Letter (FIL) of 2024, draws attention to a set of attached Supplemental Instructions for December 2023 for additional guidance on certain reporting issues. These include:

  • an entry on the reporting of estimated uninsured deposits in Schedule RC-O, Other Data for Deposit Insurance Assessments, Memoranda item 2, which is applicable to institutions with $1 billion or more in total assets;
  • an entry on the FDIC’s special assessment final rule that was recently approved by the FDIC Board and becomes effective this April 1.

The December 2023 supplemental instructions include a topic, “FDIC Special Assessment,” that provides guidance on reporting the special assessment on the Call Report. The instructions also note that all institutions have adopted ASU 2022-02, “Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures,” as of the Dec. 31, 2023, report date, so the topics “Accounting for Loan Modifications to Borrowers Experiencing Financial Difficulty” and “Credit Losses on Financial Instruments” were updated, the agency said.

The deadline for filing Dec. 31, 2023, call report data is Jan. 30, the letter notes. However, institutions with more than one foreign office, other than a “shell” branch or an international banking facility, are allowed an additional five calendar days to file, or until Feb. 4, it states.

The FDIC said all call report data is to be electronically filed to regulators’ central data repository (CDR) in one of two ways:

  • By using computer software to prepare and edit its report data and then electronically submitting the data directly to the CDR; or
  • By completing its report in paper form and arranging with a software vendor or another party to convert the paper report to the electronic format that can be processed by the CDR.  The software vendor or other party then must electronically submit the institution’s Call Report data file to the CDR.

FDIC FIL-1-2024

Call report supplemental instructions