Call Report Final Rule Fails to Meet Intent of Congress


ICBA Will Continue Seeking More Substantial Call Report Relief

Washington, D.C. (June 17, 2019)—The Independent Community Bankers of America® (ICBA) said today's interagency final rule to implement quarterly reporting relief required by law fails to meet the intent of Congress. While Congress required regulators to establish a short-form call report in the first and third quarters for banks with less than $5 billion in assets, today's rule would have little impact on eligible community banks and the communities they serve.

"Despite years of advocacy by community bankers and a congressional mandate, today's final rule from the federal banking regulators barely moves the needle in reducing unnecessary reporting burdens that inhibit lending and economic growth in local communities," ICBA President and CEO Rebeca Romero Rainey said. "In fact, the agencies project their call report rule would reduce reporting burdens on a quarterly basis by just 1.18 hours for institutions under $1 billion. This is unacceptable. ICBA and the nation's community bankers will continue advocating more meaningful call report relief as part of our ongoing outreach to Congress and regulators."

Under an ICBA-advocated provision in the Economic Growth, Regulatory Relief, and Consumer Protection Act, Congress and the president required the agencies to establish a short-form call report in the first and third quarters for banks with less than $5 billion in assets. These institutions must continue to file the full report at mid-year and year-end. However, the agencies have effectively removed data items that generally do not apply to community banks anyway, offering little or no relief.

ICBA continues calling on policymakers to provide meaningful relief by limiting short-form reporting to the balance sheet, income statement, and statement of changes in shareholders’ equity without any other supporting schedules. Creating a simple but effective short-form call report will free up employees and other resources that should be used to serve Main Street communities.

ICBA will continue working with Congress and the regulatory agencies to provide more meaningful call report relief to support community banks and their local customers and communities.

About ICBA

The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. With more than 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ nearly 750,000 Americans and are the only physical banking presence in one in five U.S. counties. Holding more than $5 trillion in assets, nearly $4 trillion in deposits, and more than $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at

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