CBAI is calling on all Illinois community bankers sign an on-line petition to the FFIEC, the FDIC, the OCC and the Federal Reserve to streamline Call Report requirements.
As part of CBAI and ICBA’s efforts to reduce regulatory burden, this petition highlights the increasing length and complexity of the quarterly Call Report. With 80 pages of forms to complete, more than 670 pages of instructions, and another 57 pages recently proposed to implement the provisions of Basel III, Call Reports represent a significant and increasing regulatory burden.
The petition urges regulators to allow highly-rated, well-capitalized community banks to file short-form Call Reports for the first and third quarters of each year. This meaningful regulatory relief will help community banks devote more of their resources to their customers and communities.
Please also encourage all of your bank directors, officers and employees to devote one minute to sign this important on-line petition. Sign the Petition Today!
Thank you very much for supporting this effort.