The federal banking agencies today finalized additional technical revisions to the Call Report, which will take effect June 30, 2018. The revisions — which are part of the agencies’ ongoing effort to reduce Call Report burden on banks — will remove or consolidate several data items and add or raise certain existing reporting thresholds in three versions of the report.
The American Bankers Association has been has been heavily involved in the Call Report revision process, which the agencies initiated in response to ABA comments submitted through the Economic Growth and Regulatory Paperwork Reduction Act process. The association has facilitated numerous conversations between bankers and regulators to explain Call Report burdens and offer suggestions for its improvement.
