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In 2017, the Agencies approved a new 051 form for domestic banks with less than $1 billion in assets which reduces the number of pages in the call report from 85 to 60 and eliminated 40% of the existing line items. The frequency of data collection was also reduced for some of the schedules. Further burden reducing changes that will impact the June, 2018 call report were approved in December, 2017 for both FFIEC 051 and 041 filers. The changes include consolidation and/or removal of several more line items and reductions in the frequency of reporting for about a dozen line items.
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