On Apr. 2, FDIC issued letter on call reports guidance, deadlines.
FDIC issued guidance on consolidated reports of condition and income for first quarter.
Encouraged preparation, editing, review of reports early to identify edit exceptions.
Included FFIEC supplemental call report instructions in redline and clean versions.
No new data items this quarter for the FFIEC 031, FFIEC 041, FFIEC 051 forms.
Filing Method
Software preparation, reporting data electronically to central data repository (CDR).
Preparation on paper, then converting to electronic format for submission to CDR.
Effectiveness
Except for certain institutions with foreign offices, report deadline is Apr. 30, 2025.
Deadline for institutions with more than one foreign office, other than a shell branch or an international banking facility, is five calendar days later, so May 5, 2025.
Reports must be timely filed and and pass FFIEC criteria for validity and quality edits or, where necessary, contain explanations for any quality edits that are not passed.
