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Advanced Search About the Fed News & Events Monetary Policy Supervision & Regulation Payment Systems Economic Research Data Consumers & Communities Board of Governors of the Federal Reserve System The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system. Home > News & Events > Press Releases Joint Press Release February 03, 2011 Agencies propose changes in reporting requirements for OTS-regulated savings associations and savings and loan holding companies Office of Thrift Supervision Office of the Comptroller of the Currency Federal Deposit Insurance Corporation Board of Governors of the Federal Reserve System For immediate release Share The federal bank and thrift regulatory agencies announced proposed changes today to reporting requirements for savings associations and savings and loan holding companies regulated by the Office of Thrift Supervision (OTS). The proposed changes include a change from quarterly Thrift Financial Reports to quarterly Consolidated Reports of Condition and Income, commonly known as Call Reports. The agencies--the OTS, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve Board--are proposing the changes pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (DoddFrank). Provisions of Dodd-Frank require the transfer of OTS functions to the OCC, the FDIC, the Federal Reserve Board and the Bureau of Consumer Financial Protection on July 21, 2011. Benefits of the proposed changes include uniform reporting systems and processes among all FDIC-insured banks and savings institutions. These changes also would make uniform all reporting requirements among all holding companies supervised by the Federal Reserve Board. Also, the agencies would have a common set of reports for monitoring and evaluating financial condition and trends. The proposed changes would: Require savings associations to file quarterly Call Reports, beginning with the March 31, 2012, report date. Effective on that date, all schedules of the Thrift Financial Report (including Schedules CMR and HC) would be eliminated; Require savings associations to file data through the Summary of Deposits with the FDIC, beginning with the June 30, 2011, report date. Effective on that date, the OTS's Branch Office Survey would be eliminated; End collection of monthly median cost of funds data from savings associations, effective January 31, 2012; the last cost of funds indices would be published as of December 31, 2011; and Require savings and loan holding companies to file the same reports with the Federal Reserve that bank holding companies file, beginning with the March 31, 2012, report date. Under the proposals, savings associations and their holding companies would continue their current reporting processes until the effective dates cited above. The agencies are requesting comment on the proposed changes within 60 days of their publication in the Federal Register, which is expected soon. Federal Register notice: (2011-2780) HTML | PDF Federal Register notice: (2011-2781) HTML | PDF Federal Register notice: (2011-2779) HTML | PDF Federal Register notice: (2011-2782) HTML | PDF Media Contacts: Media Contacts: OTS OCC FDIC Federal Reserve Board 202-9066677 202-874Dean DeBuck 5770 202-898Greg Hernandez 6984 Barbara 202-452Hagenbaugh 2955 William Ruberry Last Update: February 03, 2011 BOARD OF GOVERNORS of the FEDERAL RESERVE SYSTEM About the Fed News & Events Monetary Policy Supervision & Regulation Payment Systems Economic Research Data Consumers & Communities TOOLS AND INFORMATION STAY CONNECTED Contact Publications Freedom of Information (FOIA) Office of Inspector General Budget & Performance | Audit No FEAR Act Español Website Policies | Privacy Program Accessibility BOARD OF GOVERNORS of the FEDERAL RESERVE SYSTEM 20th Street and Constitution Avenue N.W., Washington, DC 20551