Regulatory Relief on Call Report Deadlines

Banking & Financial Institutions COVID-19 Resources

The federal banking agencies have announced that they will not take action against any institution for submitting its March 31, 2020 Report of Condition and Income (Call Report) after the applicable filing deadline, as long as the report is submitted within 30 days of the official filing date.  The FFIEC press release announcing this relief is accessible here. The North Carolina Office of the Commissioner of Banks and the South Carolina Office of the Commissioner of Banking have each informally confirmed that they will be adopting a similar approach. Institutions are still encouraged to contact their primary regulator(s) in advance of the official filing date if they anticipate a delayed submission pursuant to this relief.