Federal regulators proposed Tuesday to require that banks report additional data on call reports, including the amount of restructured troubled mortgages and mortgage loans in the process of foreclosure.
The call report additions - proposed by the Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corp. - would include the separate reporting of interest and fee income on mortgages from all such data for other real estate loans. Under the proposal, banks active in closed-end residential mortgages would be required to include originations, purchases, and sales of open-end mortgages on the form for closed-end mortgages.
The Office of Thrift Supervision, though not a sponsor of the proposal, may issue its own plan for changes in thrifts' financial reporting, according to a Federal Register notice that appeared Sept. 11.
In addition, the three agencies and the OTS are seeking comments on including daily average deposit data for newly insured institutions to conform with new deposit insurance regulations. Comments should be submitted by Nov. 13, and the proposed changes would take effect March 31.