Fed Extends Weekly Bank Asset Reports with Minor Updates
Published Date: 3/27/2025
Notice
Summary
The Federal Reserve is extending and updating a key report that 850 U.S. banks fill out every week about their assets and liabilities. These changes kick in on April 2, 2025, helping keep financial data fresh and accurate without adding extra costs. Banks affected should get ready for the updated form to keep things running smoothly.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Smaller Banks May Report Monthly Optionally
Banks with under $5 billion in total assets (based on the prior June 30 Call Report) are allowed the option to report just one week per month, using data as of the first Wednesday of the month, instead of reporting weekly. The Board stated this revision was proposed and will be implemented as proposed, and the final submission shows a total estimated change in burden of (57,722). This revision is effective April 2, 2025.
FR 2644 Reporting Continues for 850 Banks
The Federal Reserve is extending the FR 2644 balance-sheet report for three years, so an authorized sample of 850 domestically chartered commercial banks and U.S. branches and agencies of foreign banks must continue providing data. Reports are collected as of each Wednesday (weekly) and the estimated average time per response is 2.45 hours; total estimated annual burden hours are 50,568. The extension is effective April 2, 2025.
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Key Dates
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Previous / Next Documents
Previous: 2025-05232, Proposed Agency Information Collection Activities; Comment Request
The Federal Reserve wants to keep collecting info about stock redemptions for three more years without changing the form. Banks and companies involved in stock redemptions are affected. If you have thoughts, you’ve got until May 27, 2025, to share them—no cost changes, just a smooth extension!
Next: 2025-05234, Proposed Agency Information Collection Activities; Comment Request
The Federal Reserve wants to keep a form that lets certain transfer agents claim they’re exempt from extra rules, without changing it, for three more years. If you’re a transfer agent or interested party, you can share your thoughts by May 27, 2025. This keeps things smooth and saves time, with no new costs or changes to worry about.