In an effort to reduce data reporting burdens for financial institutions, the three banking regulators comprising the Federal Financial Institutions Examination Council have proposed Call Report revisions intended to streamline the process.
The Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency recently published a notice of proposed rulemaking, detailing their plan to remove or consolidate numerous data items and add new or raise certain existing reporting thresholds.
Find out more about how the latest proposed revisions could affect various institutions.