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Financial Institution Letter

Consolidated Reports of Condition and Income for Third Quarter 2021

October 4, 2021  |  FIL-68-2021

Summary:

The attached materials pertain to the Consolidated Reports of Condition and Income (Call Report) for the September 30, 2021, report date. Please plan to complete as early as possible the preparation, editing, and review of your institution’s Call Report data and the submission of these data to the agencies’ Central Data Repository (CDR). Starting your preparation early will help you identify and resolve any edit exceptions before the submission deadline. If you later find that certain information needs to be revised, please make the appropriate changes to your Call Report data and promptly submit the revised data file to the CDR.

Except for certain institutions with foreign offices, your completed Call Report must be received by Saturday, October 30, 2021, in accordance with the filing requirements discussed below. An institution 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. Such an institution must electronically file its data to the CDR no later than Thursday, November 4, 2021.

On May 24, 2021, the agencies published in the Federal Register the final regulatory reporting changes related to FDIC assessments, brokered deposits and sweep deposits that apply to all three versions of the Call Report (see FIL-36-2021, dated May 25, 2021). These revisions were approved by the U.S. Office of Management and Budget on June 28, 2021, and are related to the Final Rule on Brokered Deposits and Interest Rate Restrictions (see FIL-113-2020, dated December 15, 2020). The new Call Report data items that relate to sweep deposits on Schedule RC-E, Deposit Liabilities are effective as of the September 30, 2021, report date for FFIEC 031 and FFIEC 041 filers. Beginning with the December 31, 2021, report date, FFIEC 051 filers will report these new data items semiannually on the June and December Call Report forms.

The Call Report forms for September 30, 2021, are available for printing and downloading from the FFIEC’s webpage for each version of the Call Report, which can be accessed from the FFIEC Reporting Forms webpage, and the Federal Deposit Insurance Corporation (FDIC) Bank Financial Reports webpage. Updates to the Call Report instruction books for September 2021 will be available soon on these webpages. In addition, institutions should refer to the attached Supplemental Instructions for guidance on certain reporting issues. Please notify the individual responsible for preparing the Call Report at your institution about the electronic availability of the report forms, instruction book updates, and Supplemental Instructions for September 2021.

Each institution must file its September 30, 2021, Call Report data 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.

Electronic submission of third quarter 2021 Call Report data will be considered timely if the data are received by the CDR no later than Saturday, October 30, 2021, or Thursday, November 4, 2021, as applicable, and pass FFIEC-published criteria for validity and quality edits or, where necessary, contain explanations for any quality edits that are not passed.

The CDR Help Desk is available from 9:00 a.m. until 8:00 p.m., Eastern Time, Monday through Friday, and Saturday, October 30, 2021, to provide assistance with user accounts, passwords, and other CDR system-related issues. The CDR Help Desk can be reached by telephone at (888) CDR-3111, by fax at (703) 774-3946, or by email at cdr.help@cdr.ffiec.gov. For all other Call Report issues, institutions should contact their assigned Call Report analyst. If you do not know the analyst assigned to your institution, state member institutions should contact their Federal Reserve District Bank; national institutions, FDIC supervised banks, and savings associations should contact the FDIC’s Data Collection and Analysis Section in Washington, D.C., by telephone at (800) 688-FDIC (3342).

Distribution:

FDIC-Supervised Banks, National Institutions, State Member Institutions, and Savings Associations