WASHINGTON - Federal regulators are inviting industry comment on revamped quarterly call reports.
The proposed changes, which were published in the Federal Register on Wednesday and are open for comment until July 31, include 80 more questions about securitizations and 18 new ones on subprime lending.
Banks will have to report the dollar amount of assets securitized and subprime loans made, and categorize them as real estate, credit card, auto, or other. For securitizations, banks will also have to report on credit enhancements. For subprime, past-due data will be required.
However, most banks are expected to see a 10% reduction in the amount of information regulators demand. This streamlining includes consolidating requests for some basic information about deposits, loans, and municipal securities.
In addition, regulators proposed reducing, from four to two, the number of call reports for different types of institutions. Under the proposal, there will be one call report form for institutions with offices overseas, and a more streamlined form for those without international offices.