Magazine article American Banker

Call-Report Overhaul Plan to Add Subprime Loan Data

Magazine article American Banker

Call-Report Overhaul Plan to Add Subprime Loan Data

Article excerpt


Federal regulators plan to revamp the quarterly call report, adding 80 questions about securitizations and 18 on subprime lending.

The changes, to be unveiled in late April and take effect in the first quarter of 2001, will hit the 500 largest banks hardest. Details are still being finalized, but it is expected that banks will have to report the dollar amount of assets securitized and subprime loans made, broken down as either real estate, credit card, auto, or other. For securitizations, banks will also have to report on credit enhancements. For subprime, past-due data will be required.

However, regulators are also planning to reduce, by roughly 10%, the information they demand from the roughly 7,000 smaller banks. This streamlining includes consolidating requests for some basic information about deposits, loans, and municipal securities.

For instance, rather than listing the number of savings, checking, and money market accounts, banks would simply lump them together and report one figure for all deposit accounts. Similar moves are expected for loans and municipal securities. In addition, a separate report filed by bank trust departments is expected to be shortened and folded into the call report.

Regulators said the changes are designed to make the call report leaner, yet more risk-focused, while providing much-needed data on growing markets.

"We supervise banks differently now," Zane Blackburn, the chief accountant at the Office of the Comptroller of the Currency, said Wednesday. …

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