Federal regulators permitted banks to delay filing their March 31 call reports for 30 days. The Federal Financial Institutions Examination Council encouraged financial institutions to contact their primary federal regulator ahead of the official filing date if they anticipate a delayed submission.
The FFIEC members also said financial institutions have built up substantial levels of capital and liquidity over the past decade, positioning them well to support the needs of households and businesses. The agencies said they will provide guidance on how to identify workers as essential critical infrastructure workers.
ICBA this week posted a template letter for community bank employees affirming that they are essential workers according to guidance from the Departments of Homeland Security and Treasury. It and additional resources are available on ICBA's Crisis Response and Preparedness Center.