CALL REPORTS: The Federal Financial Institutions Examination Council voted May 12 to require banks with assets of $50 million or more to submit call reports by modem or on diskette starting in the third quarter. Banks with less than $50 million of assets must file electronically beginning in the fourth quarter. To be published shortly.
COMMUNITY SUPPORT: The Federal Housing Finance Board unified its community support standards to apply equally to all system members. Published May 29. Effective June 30.
HMDA: The Fed raised to $28 million the asset size of institutions exempt from the Home Mortgage Disclosure Act. Published May 27. Effective July 1.
THRIFT CHARTERS: The OTS streamlined the process for chartering a federal thrift. Published May 19. Effective July 1.
EXCESS FUNDS: The housing finance board amended its rules to allow Federal Home Loan banks to deposit excess funds in U.S. branches of foreign banks. Published and effective May 16.
FOREIGN EXCHANGE: The FDIC rescinded guidelines on foreign exchange internal controls. The agency said the guidelines were outdated and duplicative. Published and effective May 12.
CONTROL CHANGES: The FDIC dropped a duplicative policy statement on changes in bank control. Published and effective May 7.
YEAR 2000: The exam council issued an advisory instructing institutions to identify by Sept. 30 any critical computer system susceptible to the so- called year-2000 glitch. Such computers must be reprogrammed by the end of 1998. The advisory also outlined year-2000 examination procedures. Published and effective May 5.
LEASING: The Fed revised its staff commentary to clarify what charges must be included in the periodic payment disclosure. Published and effective April 1, although compliance is optional until Oct. 1.
