WASHINGTON - The Office of Thrift Supervision announced Monday that it would postpone making changes to the quarterly thrift financial report until next year. But those changes, once implemented, will be more extensive than the agency first indicated.
The thrift financial report, like the quarterly bank call report, detailscollects information on the thrift industry's earnings, credit policies, and concentrations of risk.
In March, the OTS said it would begin collecting detailed information about high loan-to-value loans, trust assets, residual interests in assets sold, and structured borrowings.
The change was supposed to take effect in the third quarter, but the agency has decided it also wants more data on subprime lending. Rather than change the requirements twice, the agency decided to make all the changes effective in March 2001.
