CRA and COVID 6 – How should PPP loans be reported on Call Reports?

Compliance > Regulation BB - CRA
Q:   How should PPP loans be reported on Call Reports?
 
A:   PPP loans are Small Business Administration (SBA) 7(a) loans. Banks should follow Call Report requirements for reporting PPP loans based on the loan type, amount, and collateral, as applicable.
 
 
This Q&A was contained in the Interagency “Community Reinvestment Act (CRA) Consideration for Activities in Response to the Coronavirus Pandemic Frequently Asked Questions (FAQs)” initially issued May 27, 2020, and later updated.  This issuance may be found here: 
 

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