Call reports for the first quarter – which contain no new data items – are due from banks in most cases by April 30, the federal banking agencies said Wednesday.
However, the agencies advised in a financial institution letter (FIL), the umbrella group for federal regulators – the Federal Financial Institution Examination Council (FFIEC) – is preparing additional security for filing in the future.
According to the FIL, the FFIEC plans to add multifactor authentication (MFA) to for the call reports, known officially as the Consolidated Reports of Condition and Income.
“CDR (Central Data Repository) staff are working with Call Report software vendors (vendors) to implement the MFA requirements with phased implementation planned for third and fourth quarters of 2025,” the agencies advised. “Vendors may engage in outreach with their bank clients to test end-user implementation of the MFA process prior to that time. CDR staff plans to provide individual notifications to users (both bank and other public users of the CDR) with updated login instructions starting in third quarter 2025.”
For now, however, the agencies said electronic submission of first quarter 2025 Call Report data will be considered timely if the data are received by the CDR no later than Wednesday, April 30, 2025 (for most banks), or Monday, May 5, 2025 (for certain banks with foreign offices). The submissions must also pass FFIEC-published criteria for validity and quality edits or, where necessary, contain explanations for any quality edits that are not passed, the agencies said.
The agencies also made clear that the first quarter reports contain no new data requirements. “There are no new data items that take effect this quarter in the FFIEC 031, FFIEC 041 or FFIEC 051 Call Report forms,” the agencies stated. Banks should refer to the Supplemental Instructions for March 2025 for additional guidance on certain reporting issues, attached to the agencies’ notice, they said.
Consolidated Reports of Condition and Income for First Quarter 2025
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