FDIC Notifies Banks of Upcoming Call Report Deadline

The FDIC published a letter reminding banks that the Consolidated Reports of Condition and Income ("Call Reports") for the September 30, 2016 report date must be submitted to the Central Data Repository by October 30, 2016. The letter highlighted a number of Call Report revisions that become effective this quarter as part of a community bank Call Report burden-reduction initiative. The revisions include "increases in existing reporting thresholds and the establishment of a new threshold for certain data items in six schedules."