WASHINGTON - A requirement that banks detail their subprime lending activity has been stripped from a proposed revision to the quarterly Call Reports that banks must file with their primary regulators, the Federal Financial Institutions Examination Council said Thursday.
It was dropped because "the banking agencies are continuing to evaluate how to proceed with this part of the proposal," the council said.
The council approved federal bank regulators' proposal to update the report, but only after making several changes. Among other things, it delayed until later in the year the requirement that banks report data on securitization and trust activities.
It also rewrote a proposal to publicly disclose data on past-due assets so that it does not apply to periods prior to March 31, 2001.
