Agencies Issue Proposal to Reduce Call Report Burden on Small Institutions

The financial regulatory agencies yesterday proposed changes that would expand the number of banks eligible to file a more streamlined version of the Call Report, as directed by S. 2155, the new regulatory reform law. Under the proposal, non-complex institutions with less than $5 billion in assets would be permitted to file the FFIEC 051 Call Report.

Banks filing the FFIEC 051 Call Report would also see a reduction of the number of data items required in their first and third quarter filings, the agencies said. Comments on the proposal are due 60 days after publication in the Federal Register. Read the proposal.