WASHINGTON - The Office of Thrift Supervision plans to cut by 40% the financial information savings institutions have to report each quarter.

Under a proposal published in Thursday's Federal Register, the quarterly Thrift Financial Report - the thrift equivalent of banks' call report - will shrink to 493 lines from the current 818.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.