Our Position

Call Reports


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ICBA Statement on FDIC Call Report Proposal

Nov. 07, 2018

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Washington, D.C (Nov. 7, 2018)—Independent Community Bankers of America® (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement on federal regulators’ proposed rule to implement quarterly reporting relief required by the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155). A provision in the law long advocated by ICBA establishes a short-form call report in the first and third quarters for banks with total consolidated assets of less than $5 billion while requiring them to continue to file the full report at mid-year and year-end.

“While ICBA continues to review the federal regulators’100-page proposal to implement call report relief, our initial impression is that they failed to meet the intent of Congress.

“Under the regulatory relief law, Congress and the president required the agencies to institute a short-form call report in the first and third quarters for many community banks following the enactment of S. 2155 on May 24, 2018. Unfortunately for consumers and local communities, today’s proposed rule barely moves the needle in reducing the unnecessary reporting burdens that inhibit lending and economic growth.

“ICBA continues calling on regulators 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 for the first and third quarters will free up employees and other resources that should be serving community bank customers and Main Street communities.

“Congress and the president have recognized the reporting burden associated with the call report and identified the solution to bring community banks the relief they so desperately need. It is now incumbent upon the regulators to enact comprehensive and meaningful reporting relief, as policymakers intended. ICBA will continue reviewing the proposed rule and respond in greater detail at a later date.”

About ICBA

The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. With more than 52,000 locations nationwide, community banks constitute 99 percent of all banks, employ more than 760,000 Americans and are the only physical banking presence in one in five U.S. counties. Holding more than $4.9 trillion in assets, $3.9 trillion in deposits, and $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 www.icba.org.