Dear ECIP Participants:

We are reaching out regarding the Quarterly Supplemental Reporting process, and tools which will be 

available going forward to make the process clearer for everyone. Apologies in advance for the lengthy, 

but information-dense email. The body of this email is also included as an attached PDF for your 

records.

The ECIP Team greatly appreciates the hard work of all the Participants to submit timely Quarterly 

Supplemental Reports. Based on our experience in 2023, we are introducing updated instructions, 

templates, and expanding technical assistance resources. 

• QSR Instructions: A revised version of the QSR Instructions will be available on the ECIP website 

and IMPACT Portal in the coming days. These new documents contain more thorough and clear 

instructions, and more illustrative examples of how various loan types would be entered into 

the QSR. 

While the vast majority of the updates to these documents are simply clarifications, there are 

three important changes to the instructions:

1. The Deep Impact Lending category of “Underserved Small Business” is now simply called

“Underserved Business”. The definition of this category remains the same. 

2. The definition of the category “Qualified PWI” has been explicitly expanded. In addition 

to projects benefitting LMI borrowers and communities (the previous definition), 

projects benefitting Minority borrowers or businesses will also qualify as Qualified PWI. 

This definition now explicitly ensures that all Qualified PWI encompasses all Deep 

Impact PWI as well. 

3. Participants will submit 5 QSR reports (5 Excel files) for each year of data, 4 quarterly 

reports with Schedule A & B data, and one annual report with Schedule C & D data. The 

reports will be labeled by quarter and “Annual” in the IMPACT portal. Upcoming 

reporting due dates are outlined below:

Period Covered Schedules to Submit Due Date

Q4 2023 A & B January 31, 2024

Annual 2023 C & D April 30, 2024

Q1 2024 A & B April 30, 2024

Q2 2024 A & B July 31, 2024

Q3 2024 A & B October 31, 2024

Q4 2024 A & B January 31, 2025

Annual 2024 C & D April 30, 2025

Q1 2025 A & B April 30, 2025

• QSR Template: We have created a revised version of the QSR Template, which must be used for 

the QSRs due 1/31/2024 and all QSRs going forward. The new templates can be found here:

CU: ECIPQSRExcelTemplateCU-2.0-v4.xlsx (live.com)

BHC: ECIPQSRExcelTemplateBHC-2.0-v4.xlsx (live.com)
This new template will look almost indistinguishable from the template you are already using, as 

the vast majority of the updates are hidden tools incorporated into the template which allow for 

more efficient reviews of the QSRs. 

Therefore, it is paramount that you assure you have downloaded the updated template when 

you begin working on your 2023 Q4 QSRs due 1/31/2024. An easy way to identify if you are 

using the new version of the template will be the presence of a “Rubric” as the first tab in the 

Excel. This tab lists some of the data validation checks we complete on the QSR once it is 

submitted so that you may check them yourself. The new template is available to download on 

the ECIP website at the link above, and will be available to download within the IMPACT portal. 

• Explanatory Video: We recorded a short video which explains the categories of Qualified 

Lending and Deep Impact Lending and reviews how to complete the QSR. This video is available 

on the ECIP website, and here: https://youtu.be/CtMjd9E88u0

• QSR Office Hours: The team will also host quarterly office hours over Zoom to review the QSR 

instructions and take questions from participants. These office hours will be held twice per 

quarter, several weeks before each QSR submission deadline. The schedule of office hours for 

2024 can be found below:

Quarter Date Zoom Link

Q1 2024

Tuesday January 9, 

10:00am Eastern

https://ustreasury.zoomgov.com/j/1613164849

Thursday January 11, 

2:00pm Eastern

https://ustreasury.zoomgov.com/j/1606911402

Q2 2024

Tuesday April 9, 10:00am 

Eastern Forthcoming Thursday April 11, 

2:00pm Eastern

Q3 2024

Tuesday July 9, 10:00am 

Eastern Forthcoming Thursday July 11, 2:00pm 

Eastern

Q4 2024

Tuesday October 8, 

10:00am Eastern Forthcoming Thursday October 10, 

2:00pm Eastern

We’d also like to take this opportunity to remind you that per Section I.G of the QSR Instructions:

• In the Narrative uploaded with the QSR, you must also include a description of yours plans to 

implement sufficient demographic data collection systems and your progress in implementing 

those plans. The narrative must also include an estimate of the number and dollar value of 

originations of loans or investments during the reporting period for which demographic data 

was not collected, expressed as a percentage of Total Originations as reported on Schedule A.
• For each QSR through the report for Q2 2024, Treasury will not consider the QSR to be 

inaccurate or incomplete solely on the basis of a lack of demographic data. Beginning with the 

QSR covering Q3 2024, Treasury will consider a QSR to be inaccurate and incomplete if the 

Participant is not collecting sufficient demographic data to enable them to complete all the 

fields and schedules in the Quarterly Supplemental Report.

Happy New Year, and happy data reporting!

ECIP Team