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Tuesday, January 3, 2017

Regulators Streamline Call Report for Small Banks

The federal regulatory agencies have finalized a new, streamlined Call Report with simplified instructions for banks with less than $1 billion in assets and no foreign offices. The new Call Report reduces the total number of pages from 85 to 61 as a result of removing approximately 40% of the required data items. The new Call Report takes effect with the March 31, 2017 filing date.

ABA has long advocated for a simplification of the Call Report and has helped over the past several years to facilitate conference calls with community bankers and regulators to explain Call Report burdens and offer suggestions for streamlining it.

Read more.

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