Financial Institution Letters
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Board of Governors of the Federal Reserve System
October 2, 2014
DEPOSITORY INSTITUTION REPORTS
TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Consolidated Reports of Condition and Income for Third Quarter 2014
The attached materials pertain to the Consolidated Reports of Condition and Income (Call Report) for the September 30, 2014, report date. Please plan to complete 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) as early as possible. 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 Thursday, October 30, 2014, in accordance with the filing requirements discussed below. No extensions of time for submitting Call Report data are granted.
The Call Report forms for September 2014 are available on the Federal Financial Institutions Examination Council's (FFIEC) Web site (http://www.ffiec.gov/ffiec_report_forms.htm) and the Federal Deposit Insurance Corporation's (FDIC) Web site (http://www.fdic.gov/callreports). The Call Report does not include any new or revised data items this quarter, nor is there is an update to the Call Report instruction book. Institutions should refer to this quarter's attached Supplemental Instructions for additional guidance on certain reporting issues, including information on the permissible use of the private company accounting alternative for goodwill for Call Report purposes and guidance on the circumstances in which a subsequent restructuring of a loan that is a troubled debt restructuring (TDR) need no longer be treated as a TDR. Report forms and instructional materials can be printed and downloaded from the FFIEC's and the FDIC's Web sites. Please notify the person responsible for preparing the Call Report at your institution about the electronic availability of the report forms and Supplemental Instructions for September 2014.
Each institution must file its September 30, 2014, 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 (https://cdr.ffiec.gov/cdr/); or
- By completing its report in paper form and arranging with a software vendor or another party to convert its paper report into 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 Call Report data will be considered timely if the data are received by the CDR no later than Thursday, October 30, 2014, and pass FFIEC-published validation criteria (validity edits and quality edits) or, where necessary, contain explanations for any quality edits that are not passed. Explanatory comments should be prepared in accordance with the "Guidelines for Resolving Edits" published on the FFIEC's Web site at http://www.ffiec.gov/find/documents/resolvingedits.pdf.
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 transmit its data to the CDR no later than Tuesday, November 4, 2014.
The CDR Help Desk is available from 9:00 a.m. until 8:00 p.m., Eastern Time, Monday through Friday, 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 e-mail at CDR.Help@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 banks should contact their Federal Reserve District Bank. National banks, 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).
- Jennifer C. Kelly
Senior Deputy Comptroller and
Chief National Bank Examiner
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
Distribution: FDIC-Supervised Banks, National Banks, State Member Institutions, and Savings Associations