World News

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

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)