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Financial Institution Letter
Consolidated Reports of Condition and Income for First Quarter 2023


The attached materials pertain to the Consolidated Reports of Condition and Income (Call Report) for the March 31, 2023, report date and provide guidance on certain reporting issues. This Financial Institution Letter and the attached Supplemental Instructions should be shared with the individual responsible for preparing the Call Report at your institution. 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 Sunday, April 30, 2023, 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 Friday, May 5, 2023.

There are no new data items that take effect this quarter in the FFIEC 051, FFIEC 041 or FFIEC 031 Call Report. The preprinted caption on Schedule RI-E, item 4.b, “Effect of adoption of lease accounting standard – ASC Topic 842” has been removed on all three report forms and instructions. For institutions that are private companies with a non-calendar fiscal year and have not chosen to early adopt ASU No. 2016-02, “Leases”, guidance during the transition period will be retained in the Call Report instructions until December 31, 2023. Those institutions should disclose the amount of the cumulative-effect adjustment to bank equity capital for this change in accounting principle in Schedule RI-E, Explanations, item 4.c or 4.d, with a write-in descriptor indicating ASU 2016-02.

Institutions that have adopted Accounting Standards Update No. 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” should continue referring to the topic “Accounting for Loan Modifications to Borrowers Experiencing Financial Difficulty” in the Supplemental Instructions. This topic provides guidance on how an institution should report its loan modifications to borrowers experiencing financial difficulty in the Call Report. Institutions should refer to the attached Supplemental Instructions for March 2023 for additional guidance on certain reporting issues.

The Call Report forms for March 31, 2023, are available for printing and downloading from the FFIEC’s Reporting Forms webpage for each version of the Call Report. These forms can also be accessed from the Federal Deposit Insurance Corporation (FDIC) Bank Financial Reports webpage. The updates to the Call Report instructions for March 2023 are available on these webpages.

Each institution must file its March 31, 2023, 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 first quarter 2023 Call Report data will be considered timely if the data are received by the CDR no later than Sunday, April 30, 2023, or Friday, May 5, 2023, 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, April 29, 2023, 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 . 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).

  • Grovetta N. Gardineer
    Senior Deputy Comptroller for
    Bank Supervision Policy
    Office of the
    Comptroller of the Currency
  • Michael S. Gibson
    Division of Banking
    Supervision and Regulation
    Board of Governors of the
    Federal Reserve System
  • Doreen R. Eberley
    Division of Risk Management Supervision
    Federal Deposit
    Insurance Corporation

Statement of Applicability:

The contents of, and material referenced in, this FIL apply to all FDIC-insured financial institutions.


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

Last Updated: March 27, 2023