Federal regulators issued final call report changes related to asset threshold relief given the impact of Paycheck Protection Program lending on bank balance sheets.
Background: The agencies' call report revisions are consistent with their interim final rule issued last fall in response to ICBA's push for relief from regulatory burdens caused by participating in federal coronavirus response programs.
What's New: The agencies are expanding eligibility for the FFIEC 051 call report and relief from certain additional data items by allowing community banks to base their total assets on the lesser of their assets as of June 30, 2020, and Dec. 31, 2019.
ICBA Position: In a comment letter earlier this month, ICBA thanked the regulators for extending streamlined reporting but urged the agencies to increase the 051 call report threshold from $5 billion to $10 billion in assets, which is not included in the final rule.
Already made your voice heard? Learn how you can take your community bank advocacy to the next level with our advocacy tools.
ICBA's Community Banker University provides community bankers with premier professional development.
ICBA is calling on community bankers to record a quick video on the impact of Paycheck Protection Program lending to help tell the story of community banking advocacy.
ICBA's capsule page makes it easy for community bankers to record a video on why community banking advocacy is important to local communities and to share their favorite PPP small-business success stories
Operational Risk includes risks such as cyber, data and physical security, natural disasters, pandemics or other internal and external forces that should be addressed in a community bank's disaster recovery, business continuity, incident response, or pandemic plans.
Community banks are there for their small business customers through life’s ups, downs and everything in between. Learn how a relationship with a community bank can change your future for the better.
Payments solutions supported by risk management, expert consultation and much more, tailored for you.
Providing community bankers with quality investment products, services and education at competitive prices.