Council Delays Change to Risk Reporting Rules

The Federal Financial Institutions Examination Council has postponed requiring banks to report additional interest rate risk data in call reports.

The request for new data, which regulators originally had intended to include in the revamped first-quarter 1997 call reports, has been pushed back to the June 30 reports.

For example, the second-quarter call reports will require banks to report residential mortgage assets separately from other assets, and break out mortgage derivatives from other securities. Banks also would report more details on the maturities of these assets and securities.

The overhauled first-quarter call report, detailed Feb. 21 in the Federal Register, consolidates several balance sheet entries on federal funds transactions and repurchase agreements.

However, the document also asks for more information in some areas. For example, it will require banks to state the notional amount of credit derivatives they hold in their portfolio.

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