The FDIC rescinded guidance providing coronavirus-affected financial institutions extra time to file annual reports under Part 363 of the agency's regulations.
FDIC rescinds pandemic-era Part 363 reporting relief
March 16, 2022 / By ICBA
The FDIC rescinded guidance providing coronavirus-affected financial institutions extra time to file annual reports under Part 363 of the agency's regulations.
The FDIC rescinded guidance providing coronavirus-affected financial institutions extra time to file annual reports under Part 363 of the agency's regulations.
Background: The FDIC in March 2020 issued a Financial Institution Letter providing an additional 45 days for insured depository institutions subject to Part 363 of the FDIC’s regulations to file Part 363 reports.
Rescission: In a new FIL, the FDIC said it is rescinding the relief, effective for fiscal years beginning after Dec. 31, 2021. The deadline for filing the annual report reverts to either 90 or 120 days after the end of the fiscal year, depending on the organization’s status as a public filer.
Subscribe now
Sign up for the Independent Banker newsletter to receive twice-monthly emails about new issues and must-read content you might have missed.
Sponsored Content
Featured Webinars
Join ICBA Community
Interested in discussing this and other topics? Network with and learn from your peers with the app designed for community bankers.
Subscribe Today
Sign up for Independent Banker eNews to receive twice-monthly emails that alert you when a new issue drops and highlight must-read content you might have missed.
News Watch Today
Join the Conversation with ICBA Community
ICBA Community is an online platform led by community bankers to foster connections, collaborations, and discussions on industry news, best practices, and regulations, while promoting networking, mentorship, and member feedback to guide future initiatives.
Join the Community Example Text
