It's time to start using the new call reports.
A revised Report of Condition and Income - or call report - - became effective March 31. The Federal Financial Institutions Examination Council revamped the document last year.
For the first time, the report requires banks to determine Tier I, Tier II, and total capital. It also asks for more data on banks' short-term liabilities and assets.
Several other regulations took effect on April 1. Among these are two Federal Deposit Insurance Corp. rules. One prohibits troubled banks and thrifts from making golden parachute payments to officials that resign and another prevents foreign banks from accepting uninsured deposits of less than $100,000. The Office of the Comptroller of the Currency also revamped its exams for banks with more than $1 billion in assets and broadened the definition of interest to include late charges, annual fees, and penalties for exceeding credit limits.