Consolidated Reports of Condition and Income (Call Report)

Forms and Documents

Document Name	Status
Form FFIEC031 Consolidated Reports of Condition and Income (Call Report) Form	Modified
311xSupporting Statement 012811.doc Supporting Statement A	2011-01-28

IC Document Collections

IC ID	Document Title	Status
42560	Consolidated Reports of Condition and Income (Call Report) Form	Modified

ICR Details

OMB Control No: 3064-0052	ICR Reference No: 201012-3064-015
Status: Historical Active	Previous ICR Reference No: 201010-3064-002
Agency/Subagency: FDIC	Agency Tracking No: FFIEC031/FFIEC041
Title: Consolidated Reports of Condition and Income (Call Report)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/24/2011
	Date Received in OIRA: 01/28/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2014	36 Months From Approved	09/30/2013
Responses	18,852	0	19,200
Time Burden (Hours)	761,998	0	771,456
Cost Burden (Dollars)	0	0	0

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Abstract: Insured financial institutions must provide quarterly reports of condition and income to the appropriate regulatory for supervisory, surveillance, regulatory, research, insurance assessment and informational purposes. The proposed revisions 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 certain deposits. The banking agencies also proposed certain revisions to the Call Report instructions. The proposed Call Report changes would take effect as of March 31, 2011. Consistent with longstanding practice, for the March 31, 2011, report date, banks may provide reasonable estimates for any new or revised Call Report item initially required to be reported as of that date for which the requested information is not readily available. The agencies are proposing to make the following Call Report revisions: • A breakdown by loan category of the existing Memorandum items for loans that are troubled debt restructurings in Schedule RC N – Past Due and Nonaccrual Loans, Leases, and Other Assets, and Schedule RC-C, part I – Loans and Leases, as well as the elimination of the exclusion from reporting restructured troubled consumer loans in these items; • The addition of automobile loans as a new separate loan category; • A breakdown of the existing items for commercial mortgage-backed securities; • A new item for the estimated amount of nonbrokered deposits obtained through the use of deposit listing service companies in Schedule RC-E – Deposit Liabilities; • A breakdown of the existing items for brokered deposits of $100,000; • A new Schedule RC-V – Variable Interest Entities for reporting the assets of consolidated variable interest entities (VIEs); • Breakdowns by category of the existing items for loans and other real estate owned covered by FDIC loss-sharing agreements; • A breakdown of the existing item for “Life insurance assets”; • New items for the total assets of captive insurance and reinsurance subsidiaries; • New Memorandum items in Schedule RI for credit valuation adjustments and debit valuation adjustments included in trading revenues for banks with total assets of $100 billion or more; • A change in reporting frequency from annual to quarterly for the data reported in Schedule RC-T – Fiduciary and Related Services on collective investment funds and common trust funds for banks with fiduciary assets greater than $250 million or gross fiduciary income greater than 10 percent of bank revenue; and • Instructional revisions.

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Authorizing Statute(s): US Code: 12 USC 1817(a) Name of Law: Federal Deposit Insurance Act
  

Citations for New Statutory Requirements: None

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

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 60497	09/30/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 5253	01/28/2011
Did the Agency receive public comments on this ICR? Yes

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

IC Title	Form No.	Form Name
Consolidated Reports of Condition and Income (Call Report)	FFIEC031, FFIEC041	Call Report ,   Call Report

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ICR Summary 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	18,852	19,200	0	-348	0	0
Annual Time Burden (Hours)	761,998	771,456	0	-9,458	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: Miscellaneous Actions

Short Statement: The proposed revisions 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 certain deposits. The banking agencies also proposed certain revisions to the Call Report instructions. The proposed Call Report changes would take effect as of March 31, 2011.

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Annual Cost to Federal Government:

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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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: 01/28/2011

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