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Has COVID-19 Affected Call Reports?

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Question: 
Has COVID-19 had any impact on the call report?
Answer: 

Yes. Because of the Coronavirus, the federal agencies granted financial institutions additional time to submit their March 31, 2020 call report after the official filing deadline of April 30, 2020. Financial Letter (FIL)-28-2020 provided a 30-day grace period to submit the March 31, 2020, call report to banks with total assets under $1 billion, which meant that the call report didn’t have to be filed under the 30th of May.

Attend this webinar to discover how the pandemic may continue affecting your bank’s call reports.

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Learn more about Carly Souther’s webinar--

New Regulatory Capital Rules for Community Banks

First published on 08/09/2020

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