The latest proposal from the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency will remove, raise the reporting threshold for, or reduce the reporting frequency of approximately seven percent of the data items on the Call Report
for small institutions, and make other burden-reducing changes for larger institutions, while continuing to provide the agencies with the information needed to supervise the industry.
The NCUA announced a new call report
schedule Tuesday that is intended to set a standard deadline for the reports and to give credit unions more time to file them.
In the recently released 2014 ICBA Community Bank Call Report
Burden Survey, community banks have reported that they need to manage significant expense and human resource allocations to complete the call report
four times each year.
NASDAQ: DWCH) said it has announced the immediate availability of the Call Report
30 quarter call report
filed with the Federal Financial institutions Examination Council shows that $10.
The Mortgage Call Report
(MCR), which is due on May 15 for the first quarter of 2011, is a report that also ties into the licensing requirements, and provides a snapshot of what a lender is doing with regard to all of its originators.
Among the challenges were deteriorating asset quality, a decline in lending activity, and a growing list of troubled banks and bank failures, said the article, which used call report
data to review banking conditions during the previous year.
The system, known as the Call Report
Modernization Project, utilizes the Central Data Repository (CDR), a secure shared database containing the quarterly filings of the nation's estimated 8,400 financial institutions.
The Federal Financial Institutions Examination Council (FFIEC) Call Report
agencies--the Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System (FRB), and the Office of the Comptroller of the Currency (OCC)--announced on June 30, 2005, the schedule for financial institutions to enroll in the Central Data Repository (CDR).
A quarterly bank call report
has hundreds of discrete data elements, all tagged and ready for import into a commercial database.
Many companies use an abbreviated call report
form, sometimes of the snap-out variety.
For example, the Call Report
for the prior quarter would be acceptable unless "(1) [t]here is an intervening Report of Examination which causes the institution to be placed in a different capital category; or (2) a major event occurs which causes the institution to be in a different capital category, the institution sends its primary federal regulator a notice thereof, and the primary regulator sends a notice back to the institution confirming that the institution's capital category has changed; or (3) the institution receives written notice from its primary federal regulator that it has been reclassified.