The Independent Community Bankers of America released a petitionon Monday in an effort to obtain regulatory relief from burdensomequarterly call reporting requirements.

“The call report is one piece of the overall regulatory tsunamithat needs to be addressed before community banks are swept off theface of America's banking landscape,” ICBA Senior Executive VicePresident and Chief of Staff Terry J. Jorde said. “With 80 pages offorms to complete, more than 670 pages of instructions and another57 pages recently proposed to implement the provisions of BaselIII, the quarterly call report is reflective of the growingregulatory red tape strangling community banks.”

In the 2014 ICBA Community Bank Call Report Burden Survey, hundreds ofcommunity banks across the country said the call reportingrequirements have required a great deal of expenses and resourcesfor compliance. The results prompted the ICBA to seek signaturesfor the petition focused on the complexity of existing call reportrequirements.

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