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Financial Institution Letters
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Board of Governors of the Federal Reserve System
TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Consolidated Reports of Condition and Income for Second Quarter 2011
The attached materials pertain to the Consolidated Reports of Condition and Income (Call Report) for the June 30, 2011, report date. Please plan to complete the preparation, editing, and review of your bank'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 banks with foreign offices, your completed Call Report must be received by Saturday, July 30, 2011, in accordance with the filing requirements discussed below. No extensions of time for submitting Call Report data are granted.
As mentioned in the agencies' financial institution letter (FIL) for the first quarter Call Report (see FIL-19-2011, dated April 6, 2011), the Federal Deposit Insurance Corporation (FDIC) adopted a final rule amending its deposit insurance assessment regulations on February 7, 2011 (see FIL-8-2011, dated February 9, 2011). The final rule, which took effect April 1, 2011:
As explained in FIL-19-2011, the agencies had proposed revisions to Schedule RC-O, Other Data for Deposit Insurance and FICO Assessments, to provide the data needed to implement the redefined assessment base and the revised assessment system for large and highly complex institutions beginning June 30, 2011. Accordingly, as revised this quarter, Schedule RC-O:
The Call Report forms for June 2011 are available on the Federal Financial Institutions Examination Council's (FFIEC) Web site (http://www.ffiec.gov/ffiec_report_forms.htm) and the FDIC's Web site (http://www.fdic.gov/callreports). An instruction book update for June 2011 is expected to be available on these Web sites by July 1, 2011. The instruction book update includes revised instructions for Schedule RC-O, including transition guidance for certain new items for large and highly complex institutions. Banks also should refer to this quarter's attached Supplemental Instructions for additional reporting guidance. 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 bank about the electronic availability of the report forms, instruction book update, and Supplemental Instructions for June 2011.
Each bank must file its June 30, 2011, Call Report data in one of the following two ways:
Electronic submission of Call Report data will be considered timely if the data are received by the CDR no later than Saturday, July 30, 2011, 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.
A bank 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 a bank must electronically transmit its data to the CDR no later than Thursday, August 4, 2011.
For technical assistance with the CDR, banks should contact the CDR Help Desk by telephone at (888) CDR-3111, by fax at (703) 774-3946, or by e-mail at CDR.Help@ffiec.gov. For further information concerning the Call Report, state member banks should contact their Federal Reserve District Bank. National and FDIC-supervised banks should contact the FDIC's Data Collection and Analysis Section in Washington, D.C., by telephone at (800) 688-FDIC (3342) or e-mail at email@example.com.
Distribution: FDIC-Supervised Banks and Savings Institutions, National Institutions, and State Member Institutions
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