Sec. 205. Short form call reports
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/bill/115/s/2155/rs/section-205·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 7(a) of the Federal Deposit Insurance Act ( 12 U.S.C. 1817(a) ) is amended by adding at the end the following: The appropriate Federal banking agencies shall issue regulations that allow for a reduced reporting requirement for a covered depository institution when the institution makes the first and third report of condition for a year, as required under paragraph (3). In this paragraph, the term covered depository institution means an insured depository institution that— has less than $5,000,000,000 in total consolidated assets; and satisfies such other criteria as the appropriate Federal banking agencies determine appropriate. .
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Sec. 205
Short form call reports
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