Call report instructions released; deadline for return is by month’s end

Call reports for the first quarter are due by month’s end to the federal bank deposit insurance agency, it said in a letter to banks issued Tuesday.

According to the Financial Institution Letter (FIL) issued by the Federal Deposit Insurance Corp. (FDIC), except for certain institutions with foreign offices, completed call reports must be received by the agency’s Central Data Repository (CDR) by Tuesday, April 30.

A bank 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. Their reports must be electronically filed to the FDIC’s to the CDR no later than Sunday, May 5.

For those filing at the end of the month, they may do so 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, the FDIC said.

According to the agency, there are no new data items that take effect this quarter in the call report forms. However, the FDIC said it and other federal banking agencies are implementing revisions to several report schedules this quarter as the Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (ASU 2016-13) is effective for all institutions.

Consolidated Reports of Condition and Income for First Quarter 2024