; (2) in paragraph (4), by striking ; or and inserting a period; and (3) by striking paragraph (5). (c) Clerical amendment The table of sections for title VII of the Consumer Credit Protection Act is amended by striking the item relating to section 704B. N Community Bank Reporting Relief 566. Short form call report (a) In general Section 7(a) of the Federal Deposit Insurance Act ( 12 U.S.C. 1817(a) ) is amended by adding at the end the following: (12) Short form reporting (A) In general The appropriate Federal banking agencies shall issue regulations allowing for a reduced reporting requirement for covered depository institutions when making the first and third report of condition for a year, as required pursuant to paragraph (3). (B) Covered depository institution defined For purposes of this paragraph, the term covered depository institution means an insured depository institution that— (i) is well capitalized (as defined under section 38(b))