On November 13, the Office of Thrift Supervision (OTS) issued an advance notice of proposed rulemaking (ANPRM) seeking comments with respect to the possible revision of the type of financial data collection reports thrift institutions file with the OTS.
More specifically, the OTS seeks comment “identifying information that the thrift industry and the public would need to analyze a proposal to convert from the Thrift Financial Report (TFR) to the Consolidated Reports of Condition and Income (CALL Report) used by other federal banking regulators and to amend any OTS rules that would be affected by such a change.” The ANPRM states that, should the CALL Report be used by thrift institutions, such institutions would still be required to file certain information currently collected on the TFR that is not included on the CALL Report.
At the close of the comment period, the OTS stated that it will review the submissions it has received and conduct any further necessary research. The agency will then publish a second notice and solicit comments on whether to convert from the TFR to the CALL Report.
According to the OTS’s accompanying press release, the ANPRM was issued in response to thrift industry participants who requested the change. (72 Federal Register 64003, 11/14/07).
Comments are due by January 14, 2008.