National banks file Call Reports
pursuant to 12 U.S.C. 161 and other statutes. The data are used to
evaluate and monitor the financial condition and earnings
performance of individual banks as well as the entire banking
industry. The current proposed changes would become effective March
31, 2011. The changes would provide data needed for reasons of
safety and soundness or other public purposes. They would assist
the agencies in gaining a better understanding of banks' credit and
liquidity risk exposures, primarily through enhanced data on
lending and securitization activities and sources of
deposits.
There was a slight decrease in
burden due to the decreased number of national banks. In addition,
there was a greater increase in burden due to the addition of new
items and the breakdown of existing items into multiple reporting
items. This resulted in an overall increase in burden.
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:
(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;
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.