We prepare a quarterly Board Report of all lines of credit $50,000 and over. The report has the customer name, total line and real estate portion of the line. This report has been done for years like this and my question is...Why? Is there a regulation or some kind of law that requires such a report? I would appreciate any assistance. Thanks.

Unless it is a state law, this may be one of those "We've always done it this way" type of things. The only thing that I can think of off the top of my head is that concentrations of credit should be reported to the Board, at least quarterly. Unless you are a VERY small bank, $50,000 would not be a concentration.

No, this is not for Concentrations of Credit. We do that report quarterly. I am thinking that the report is "because we've always done it that way" type thing. I just want to make sure I'm not overlooking anything before making a recommendation to change this report.