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aRTiCLeS


        OCC Issues Final HOLA Rule                              version of the Call Report,
                                                                as directed by regulatory
        The OCC has issued a final rule                         reform law S. 2155. Under
        implementing the Home Owners’ Loan                      the final rule, non-complex
        Act (HOLA) flexibility provisions in S.                 institutions with less than $5 billion in assets would be permitted
        2155. The rule allows certain federal stock             to file the most streamlined version of the FFIEC 051 Call Report.
        and mutual savings associations to elect                Banks filing the FFIEC 051 Call Report will also see a reduction of
        the rights and duties of national banks.                the number of data items required in their first- and third-quarter
        Under the final rule, federal savings                   filings.
        associations with total consolidated assets of $20 billion or less as   To read more visit: https://www.federalreserve.gov/newsevents/
        of December 31, 2017, may elect to become “covered associations,”   pressreleases/files/bcreg20190617a1.pdf
        which eliminates the HOLA portfolio asset restrictions and
        subjects them to the same duties, restrictions, penalties, liabilities,   Agencies Release List of Areas
        conditions and limitations that apply to national banks without
        requiring a charter conversion.  The final HOLA rule is effective on  Eligible for CRA Credit
        July 1, 2019
                                                                The federal banking agencies yesterday released the 2019 list of
        To read more visit: https://occ.treas.gov/news-issuances/news-  distressed or underserved nonmetropolitan middle-income areas in
        releases/2019/nr-occ-2019-54.html                       which banks participating in revitalization or stabilization activities
                                                                will be considered for Community Reinvestment Act credit.
        Agencies Issue Final Rule                               To read more and view the list visit: https://www.federalreserve.
        Reducing Call Report Burden on                          gov/newsevents/pressreleases/bcreg20190617b.htm
        Small Banks

        The financial regulatory agencies have finalized changes that would
        expand the number of banks eligible to file a more streamlined


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