SHORT FORM CALL REPORTS.

SEC. 205. SHORT FORM CALL REPORTS. Section 7(a) of the Federal Deposit Insurance Act (12 U.S.C. 1817(a)) is amended by adding at the end the following:“(12) Short form reporting.—“(A) In general.—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).“(B) Definition.—In this paragraph, the term ‘covered depository institution’ means an insured depository institution that—“(i) has less than $5,000,000,000 in total consolidated assets; and“(ii) satisfies such other criteria as the appropriate Federal banking agencies determine appropriate.”.