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Tuesday, August 1, 2017

ABA Seeks Greater Synchronicity between Call Report, BHC Reports

In response to proposed changes to the FR Y-9C form that bank holding companies with more than $1 billion in assets are required to file quarterly, ABA emphasized the importance of aligning these changes with those being made to the Call Report.

While it welcomed the changes 
 many of which are identical to those made to the Call Report  ABA noted that the ongoing lack of synchronization between efforts to revise the two reports are actually undermining the goal of streamlining the regulatory reporting process for banks. With additional changes expected to the Call Report in the near future, ABA urged the Fed to incorporate all changes into the March 31, 2018, FR Y-9C. 

Read the letter

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