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OCC Bulletin 2020-24
March 25, 2020
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Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) under the auspices of the Federal Financial Institutions Examination Council (FFIEC) today issued a press release recognizing that financial institutions may need additional time to submit certain regulatory reports in light of the coronavirus disease (also referred to as COVID-19). The agencies will not take action against any institution for submitting in good faith its March 31, 2020, Consolidated Reports of Condition and Income (or call report) after the official filing deadline, as long as the report is submitted within 30 days after the official filing deadline.
This grace period applies to submissions of all three versions of the call report (FFIEC 031, FFIEC 041, and FFIEC 051).
This bulletin applies to community banks that have been significantly affected by COVID-19.
Please contact Cady Codding, Senior Policy Accountant for the Office of the Chief Accountant, at (202) 649-6280.
Grovetta N. Gardineer
Senior Deputy Comptroller for Bank Supervision Policy