March 26, 2020 / 5:08 PM / 4 months ago

Federal Reserve gives small banks more time to file March financial statements

FILE PHOTO: The Federal Reserve building pictured in Washington, U.S., July 16, 2018. REUTERS/Leah Millis/File Photo

WASHINGTON (Reuters) - The Federal Reserve announced Thursday it was giving small U.S. banks another month to file financial statements due at the end of March.

The regulator said in a statement that institutions with under $5 billion in assets would have an additional 30 days to file mandatory financial statements “in light of staffing priorities and disruptions” caused by coronavirus.

Reporting by Pete Schroeder; Editing by Chizu Nomiyama

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