Federally insured banks generally have until July 30 to file their second-quarter consolidated reports of condition and income, or call reports, the federal bank deposit insurer said in a letter released Thursday.
The Federal Deposit Insurance Corp. (FDIC) said in its Financial Institution Letter (FIL-39-2024) that an institution with more than one foreign office, other than a “shell” branch or an international banking facility, is allowed five more calendar days – until Aug. 4 – to submit its call report data.
The agency said no new data items are in effect for the second-quarter reports covering the period ending June 30 – including the FFIEC 031, FFIEC 041, or FFIEC 051. But it said some revisions have been approved for the reports, with varied effective dates, as discussed in a May 22 Federal Register notice that sought input on proposed changes in the reports. The letter notes these key revisions:
- Replacing references to “troubled debt restructurings” with references to “loan modifications to borrowers experiencing financial difficulty,” effective as of the June 30, 2024, report date. This is related to the Financial Accounting Standards Board’s (FASB) Accounting Standards Update No. 2022-02, “Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” (ASU 2022-02).
- Call report forms and instructions revisions related to reporting on loans to nondepository financial institutions, effective as of the Dec. 31, 2024, report date. Institutions requiring more time should, according to the FIL, still submit such data on a “best efforts” basis as of the Dec. 31, 2024, and March 31, 2025, report dates, and comprehensively no later than June 30, 2025.
Consolidated Reports of Condition and Income for Second Quarter 2024 (FIL-39-24)