Agencies set to publish proposed call report changes reflecting proposed CBLR

Proposed revisions to call reports that would reflect the proposed community bank leverage ratio (CBLR) are in the planning stages at the federal banking agencies, according to filings by the agencies Thursday.

The Federal Deposit Insurance Corp. (FDIC), Federal Reserve, and Office of the Comptroller of the Currency (OCC) will publish as soon as Friday the proposed revisions to their call reports that reflect the CBLR, what the agencies term a “simplified alternative measure of capital adequacy” for certain qualifying community banks with less than $10 billion in total assets.

The CBLR was mandated by last year’s regulatory relief legislation, the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA, S. 2155).

“The proposed revisions in this notice would take effect the same quarter as the effective date of the forthcoming final rules on the community bank leverage ratio and the related deposit insurance assessment revisions,” the agencies write in their notice to be published in the Federal Register. The proposed, revised reports are being released for a 60-day comment period.

The agencies’ notice additionally notes that the proposed revisions would also implement “reporting changes consistent with the FDIC’s proposed rule to amend the deposit insurance assessment regulations to apply the community bank leverage ratio framework to the deposit insurance assessment system.”

Proposed Agency Information Collection Activities; Comment Request