Joint Release
Office of Thrift Supervision
Office of the Comptroller of the Currency
Federal Deposit Insurance Corporation
Board of Governors of the Federal Reserve System
For Immediate Release February 3, 2011
Agencies Propose Changes in Reporting Requirements for OTS-Regulated
Savings Associations and Savings and Loan Holding Companies
Washington, D.C. — The federal bank and thrift regulatory agencies announced
proposed changes today to reporting requirements for savings associations and savings
and loan holding companies regulated by the Office of Thrift Supervision (OTS).
The proposed changes include a change from quarterly Thrift Financial Reports to
quarterly Consolidated Reports of Condition and Income, commonly known as Call
Reports.
The agencies — the OTS, the Office of the Comptroller of the Currency (OCC), the
Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve Board — are
proposing the changes pursuant to the Dodd-Frank Wall Street Reform and Consumer
Protection Act (Dodd-Frank). Provisions of Dodd-Frank require the transfer of OTS
functions to the OCC, the FDIC, the Federal Reserve Board and the Bureau of
Consumer Financial Protection on July 21, 2011.
Benefits of the proposed changes include uniform reporting systems and processes
among all FDIC-insured banks and savings institutions. These changes also would
make uniform all reporting requirements among all holding companies supervised by
the Federal Reserve Board. Also, the agencies would have a common set of reports for
monitoring and evaluating financial condition and trends.
The proposed changes would:
Require savings associations to file quarterly Call Reports, beginning with the
March 31, 2012, report date. Effective on that date, all schedules of the Thrift
Financial Report (including Schedules CMR and HC) would be eliminated;
Require savings associations to file data through the Summary of Deposits with
the FDIC, beginning with the June 30, 2011, report date. Effective on that date,
the OTS's Branch Office Survey would be eliminated;
End collection of monthly median cost of funds data from savings associations,
effective January 31, 2012; the last cost of funds indices would be published as
of December 31, 2011; and
Office of Thrift Supervision
Office of the Comptroller of the Currency
Federal Deposit Insurance Corporation
Board of Governors of the Federal Reserve System
For Immediate Release February 3, 2011
Agencies Propose Changes in Reporting Requirements for OTS-Regulated
Savings Associations and Savings and Loan Holding Companies
Washington, D.C. — The federal bank and thrift regulatory agencies announced
proposed changes today to reporting requirements for savings associations and savings
and loan holding companies regulated by the Office of Thrift Supervision (OTS).
The proposed changes include a change from quarterly Thrift Financial Reports to
quarterly Consolidated Reports of Condition and Income, commonly known as Call
Reports.
The agencies — the OTS, the Office of the Comptroller of the Currency (OCC), the
Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve Board — are
proposing the changes pursuant to the Dodd-Frank Wall Street Reform and Consumer
Protection Act (Dodd-Frank). Provisions of Dodd-Frank require the transfer of OTS
functions to the OCC, the FDIC, the Federal Reserve Board and the Bureau of
Consumer Financial Protection on July 21, 2011.
Benefits of the proposed changes include uniform reporting systems and processes
among all FDIC-insured banks and savings institutions. These changes also would
make uniform all reporting requirements among all holding companies supervised by
the Federal Reserve Board. Also, the agencies would have a common set of reports for
monitoring and evaluating financial condition and trends.
The proposed changes would:
Require savings associations to file quarterly Call Reports, beginning with the
March 31, 2012, report date. Effective on that date, all schedules of the Thrift
Financial Report (including Schedules CMR and HC) would be eliminated;
Require savings associations to file data through the Summary of Deposits with
the FDIC, beginning with the June 30, 2011, report date. Effective on that date,
the OTS's Branch Office Survey would be eliminated;
End collection of monthly median cost of funds data from savings associations,
effective January 31, 2012; the last cost of funds indices would be published as
of December 31, 2011; and
Require savings and loan holding companies to file the same reports with the
Federal Reserve that bank holding companies file, beginning with the March 31,
2012, report date.
Under the proposals, savings associations and their holding companies would continue
their current reporting processes until the effective dates cited above.
The agencies are requesting comment on the proposed changes within 60 days of their
publication in the Federal Register, which is expected soon. The Federal Register
notices are attached.
Attachments:
Call-TFR Proposed Agency Information Collection Activities, Comment Request - PDF
(PDF Help)
Branch Office Survey System/Summary of Deposit Survey Proposed Agency
Information Collection Activities, Comment Request - PDF (PDF Help)
Office of Thrift Supervision Cost of Funds Termination - PDF (PDF Help)
Report Form Changes for Savings and Loan Holding Companies - PDF (PDF Help)
# # #
Media Contacts:
OTS William Ruberry (202) 906-6677
OCC Dean DeBuck (202) 874-5770
FDIC Greg Hernandez (202) 898-6993
Federal Reserve Barbara Hagenbaugh (202) 452-2955
FDIC-PR-20-2011
Federal Reserve that bank holding companies file, beginning with the March 31,
2012, report date.
Under the proposals, savings associations and their holding companies would continue
their current reporting processes until the effective dates cited above.
The agencies are requesting comment on the proposed changes within 60 days of their
publication in the Federal Register, which is expected soon. The Federal Register
notices are attached.
Attachments:
Call-TFR Proposed Agency Information Collection Activities, Comment Request - PDF
(PDF Help)
Branch Office Survey System/Summary of Deposit Survey Proposed Agency
Information Collection Activities, Comment Request - PDF (PDF Help)
Office of Thrift Supervision Cost of Funds Termination - PDF (PDF Help)
Report Form Changes for Savings and Loan Holding Companies - PDF (PDF Help)
# # #
Media Contacts:
OTS William Ruberry (202) 906-6677
OCC Dean DeBuck (202) 874-5770
FDIC Greg Hernandez (202) 898-6993
Federal Reserve Barbara Hagenbaugh (202) 452-2955
FDIC-PR-20-2011