On October 3, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network, the National Credit Union Administration and the Office of the Comptroller of the Currency released a joint statement related to the permissible sharing of Bank Secrecy Act (BSA) resources.
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Federal Reserve System
FFIEC and Member Agencies Propose Call Report Changes
By Jeffrey M. Werthan on
Posted in Banking
On September 8, three member agencies of the Federal Financial Institutions Examination Council (FFIEC), the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, proposed to eliminate or revise various call report entries to make the reporting process easier for reporting institutions. The proposed changes would delete certain items, raise reporting thresholds and revise certain instructions. The agencies also stated that they have advanced the next scheduled review of call report items from 2017—the statutorily mandated review date—to an earlier date. Surveys of insured institutions will be used to inform the regulatory agencies.
Continue Reading FFIEC and Member Agencies Propose Call Report Changes