(MA)-Reports of Condition and Income (Interagency Call Report)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form FFIECO-031 (MA)-Reports of Condition and Income (Interagency Call Report)	Form	Modified	Available
0081a.doc	Supporting Statement A	Uploaded 2006-12-21	Available
Call Report Justification for Supplementary Documents.doc	Supplementary Document	Uploaded 2006-12-21	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
41239	(MA)-Reports of Condition and Income (Interagency Call Report)	Form	Modified

ICR Details

OMB Control No: 1557-0081	ICR Reference No: 200612-1557-004
Status: Historical Active	Previous ICR Reference No: 200606-1557-003
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: (MA)-Reports of Condition and Income (Interagency Call Report)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 12/22/2006
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/29/2006
	Date Received in OIRA: 12/22/2006
Terms of Clearance: The burden was reduced by statutory directive. ICR has been edited to reflect.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2007	6 Months From Approved	03/31/2009
Responses	7,600	0	7,600
Time Burden (Hours)	332,500	0	334,858
Cost Burden (Dollars)	0	0	0

---

Abstract: National banks file reports pursuant to 12 U.S.C. 161 and other statutes. Data are used to evaluate and monitor the financial condition and earnings performance of individual banks as well as the entire banking industry. The Financial Services Regulatory Relief Act of 2006, which was signed into law on October 13, 2006, eliminates certain insider lending reporting requirements imposed on insured depository institutions and their insiders. As a result of this new legislation, the banking agencies need to eliminate the last page of these reporting forms. The burden associated with these data are 15 minutes per quarter. As discussed by the FRB with Alex Hunt, the agencies will advise the public of the elimination of the reporting requirement in the final Federal Register notice announcing the proposed changes for 2007. In addition, the agencies will send a letter to financial institutions informing them that the data do not need to be reported effective for the December 31, 2006 as-of date.

Emergency Justfication: The Financial Services Regulatory Relief Act of 2006, which was signed into law on October 13, 2006, eliminates certain insider lending reporting requirements imposed on insured depository institutions and their insiders. As a result of this new legislation, the banking agencies need to eliminate the last page of these reporting forms. The burden associated with these data are 15 minutes per quarter. As discussed by the FRB with Alex Hunt, the agencies will advise the public of the elimination of the reporting requirement in the final Federal Register notice announcing the proposed changes for 2007. In addition, the agencies will send a letter to financial institutions informing them that the data do not need to be reported effective for the December 31, 2006 as-of date. Emergency review is necessary in order to make the change effective for the December 31, 2006 report date.

---

Authorizing Statute(s): PL: Pub.L. 109 - 351 601 Name of Law: Financial Services Act of 2006
  

Citations for New Statutory Requirements: PL: Pub.L. 109 - 351 601 Name of Law: Financial Services Regulatory Relief Act

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 63848	10/31/2006
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
(MA)-Reports of Condition and Income (Interagency Call Report)	FFIECO-041, FFIECO-031	Consolidated Reports of Condition and Income for a Bank with Domestic and Foreign Offices ,   Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only

---

ICR Summary of Burden

table that charts list of burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	7,600	7,600	0	0	0	0
Annual Time Burden (Hours)	332,500	334,858	-2,358	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Changing Forms

Short Statement: The Financial Services Regulatory Relief Act of 2006, which was signed into law on October 13, 2006, eliminates certain insider lending reporting requirements imposed on insured depository institutions and their insiders. As a result of this new legislation, the banking agencies need to eliminate the last page of these reporting forms. The burden associated with these data are 15 minutes per quarter.

---

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

---

Common Form ICR:  No

---

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 12/22/2006

---