Reports of Condition and Income (Interagency Call Report)

Forms and Documents

Document Name	Status
Form FFIEC 031 (MA)-Reports of Condition and Income (Interagency Call Report) Form	Modified
1557-0081 June 2011 SS.doc Supporting Statement A	2011-06-16
1557-0081 Emergency Approval Letter 2.pdf Supplementary Document	2011-06-15

IC Document Collections

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

ICR Details

OMB Control No: 1557-0081	ICR Reference No: 201105-1557-002
Status: Historical Active	Previous ICR Reference No: 201012-1557-001
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: 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: 06/21/2011
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/17/2011
	Date Received in OIRA: 06/16/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2011	6 Months From Approved	03/31/2014
Responses	5,708	0	5,964
Time Burden (Hours)	304,693	0	317,583
Cost Burden (Dollars)	0	0	0

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Abstract: 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 June 30, 2011. The changes would implement assessment-related reporting revisions. The agencies are proceeding with the proposed new data items to support the FDIC's calculation of deposit insurance assessments in accordance with its February 2011 final rule. The instructions for new data items have been modified in response to comments.

Emergency Justfication: The unanticipated outcome at the end of the public comment process for the agencies’ March 2011 initial PRA notice resulted in the need to develop and reach agreement on a workable transition approach for identifying loans that are to be reported as subprime or leveraged for assessment purposes. As a result, the timeframes required for regular PRA clearance could not be met. Without emergency clearance, it is reasonably likely that the initial collection of these new assessment data as of the June 30, 2011 would be disrupted.

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Authorizing Statute(s): US Code: 12 USC 1 et seq. Name of Law: National Bank Act
  

Citations for New Statutory Requirements: US Code: 12 USC 1 et seq. Name of Law: National Banking Act

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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:
	76 FR 14460	03/16/2011
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
(MA)-Reports of Condition and Income (Interagency Call Report)	FFIEC 031, FFIEC 041	Consolidated Reports of Condition and Income for a Bank with Domestic and Foreign Offices ,   Consolidated Reports of Condition and Income for Banks with Domestic Offices Only

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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	5,708	5,964	0	0	-256	0
Annual Time Burden (Hours)	304,693	317,583	0	775	-13,665	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: The change in burden associated with this request for emergency clearance is caused by two factors: (1) the FDIC's implementation of a final rule adopted February 7, 2011, that (a) redefines the assessment base for insured depository institutions in accordance with Section 31(b) of the Dodd-Frank Act and (b) revises the system used to set assessment rates for "large institutions" and "highly complex institutions" by using a scorecard that combines CAMELS ratings and certain forward-looking financial measures to assess the risk such institutions pose to the DIF, and (2) a net decrease in the number of reporting institutions supervised by the OCC.

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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]? No

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

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: 06/16/2011

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