Institutions submit Call Report and
TFR data to the agencies (OCC, FRB, FDIC)each quarter for the
agencies' use in monitoring the condition, performance, and risk
profile of individual institutions and the industry as a whole.
Call Report and TFR data provide the most current statistical data
available for evaluating institutions' corporate applications,
identifying areas of focus for both on-site and off-site
examinations, and monetary and other public policy purposes. The
agencies use the data in evaluating interstate merger and
acquisition applications to determine, as required by law, whether
the resulting institution would control more than ten percent of
the total amount of deposits of insured depository institutions in
the United States. The data is also used to calculate all
institutions' deposit insurance and Financing Corporation
assessments, and assessment fees. In June 2011, the agencies'
received emergency clearances to implement the assessment-related
reporting revisions to the Call Report and the Thrift Financial
Report (TFR) effective as of the June 30, 2011 report date. OMB's
emergency approval extends through the December 31, 2011 report
date. The agencies are now seeking regular clearance for the
collections. Pursuant to comments received, the transition guidance
for reporting subprime consumer loans and securities and leveraged
loans and securities by large and highly complex institutions under
the emergency clearance has been extended to 4/1/12. The FDIC
decided to review the subprime and leveraged loan definitions from
its final assessments rule to determine if changes to the
definitions could alleviate concerns without sacrificing accuracy
in risk differentiation for deposit insurance pricing purposes. The
instructions for reporting subprime and leveraged loans and
securities for assessment purposes in regulatory reports will be
conformed to any revised definitions in the FDIC's assessment
regulations resulting from the FDIC's review process, including any
necessary rulemaking.
There was an increase in the
burden per respondent and a decrease in the number of respondents,
resulting in an overall decrease in burden. The increase was due to
the change in requirements and the decrease was due to the lower
number of regulated institutions.
$0
No
No
No
Yes
No
Uncollected
Juan Marroquin 202
874-3371
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:
(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.