A Proposed Disclosure Update for Banks – Finally!

Nov 20, 2019

By George Wilson

After making changes for mining and oil and gas companies the SEC has proposed changes in the statistical disclosures for banks and bank holding companies.  You can read the details of the proposed rule here.  The proposal has a 60-day comment period from the date it is published in the Federal Register.

 

The proposed rule would eliminate Guide 3 (which has been essentially the same for 30 years) and provide new disclosures in Regulation S-K.  According to the press release announcing the new rule it will require disclosure about:

 

Distribution of assets, liabilities and stockholders’ equity, the related interest income and expense, and interest rates and interest differential;

 

Weighted average yield of investments in debt securities by maturity;

 

Maturity analysis of the loan portfolio including the amounts that have predetermined interest rates and floating or adjustable interest rates;

 

An allocation of the allowance for credit losses and certain credit ratios; and

 

Information about bank deposits including amounts that are uninsured.

 

As always, your thoughts and comments are welcome!


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