Consolidated Reports of Condition and Income (Call Report)

Forms and Documents

Document Name	Status
Form 031 & 041 3-12 Consolidated Reports of Condition and Income (Call Report) Form	Modified
SPST-0052 312xSupporting Statement 021712.doc Supporting Statement A	2012-02-17

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: 201202-3064-005
Status: Historical Active	Previous ICR Reference No: 201112-3064-009
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: 03/30/2012
	Date Received in OIRA: 02/17/2012
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2015	36 Months From Approved	02/28/2015
Responses	18,520	0	18,988
Time Burden (Hours)	761,203	0	779,725
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. On November 21, 2011, the agencies, under the auspices of the FFIEC, requested public comment for 60 days on a proposal to extend, with revision, the Call Reports, which are currently approved collections of information. After considering the comments received, the FFIEC and the agencies will proceed with the reporting changes and instructional revisions that had been proposed to take effect March 31, 2012, and will also implement the two less detailed Call Report revisions that had been proposed for implementation as of June 30, 2012. As for the two new schedules that also had been proposed to be added to the Call Report beginning June 30, 2012,1 the FFIEC and the agencies are continuing to evaluate these proposed schedules in light of the comments received. The proposed revisions to the Call Reports that are the subject of this request have been approved by the FFIEC. Certain new data items would be added to the Call Report as of the June 30, 2012, report date and two proposed revisions would take effect March 31, 2012, in connection with the initial filing of Call Reports by savings associations (as previously approved by OMB). The proposed new data items are intended to provide data needed for reasons of safety and soundness or other public purposes and would assist the agencies in gaining a better understanding of institutions' lending activities and credit risk exposures. The agencies also proposed certain revisions to the Call Report instructions that would take effect March 31, 2012. Consistent with longstanding practice, for the March 31, 2012, and June 30, 2012, report dates, as applicable, institutions 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.

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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: US Code: 12 USC 1817(a) Name of Law: Dodd-Frank 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 72035	11/21/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 9727	02/17/2012
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)	031 & 041 6-12, 031 & 041 3-12	Consolidated Reports of Condition and Income (Call Report) ,   Consolidated Reports of Condition and Income (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	18,520	18,988	0	0	-468	0
Annual Time Burden (Hours)	761,203	779,725	0	0	-18,522	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: No

Burden Reduction Due to:

Short Statement: The change in burden associated with this submission is caused by two factors: (a) a net decrease in the number of reporting institutions supervised by the FDIC, and (b) the changes to the Call Report that are the subject of this submission. At present, there are 4,630 FDIC-supervised institutions (4,570 FDIC-supervised banks that currently file Call Reports and 60 FDIC-supervised savings associations that will begin to file Call Reports as of March 31, 2012, as previously approved by OMB). This number is 117 less than previously reported (4,747 previously versus 4,630 now), with the entire reduction attributable to banks. As noted in Section 13 above, the proposed revisions that are the subject of this submission will affect only a small percentage of FDIC-supervised institutions. Thus, the FDIC estimates that the overall effect of the proposed reporting revisions across the range of institutions under its supervision would be a nominal increase of in the burden estimate per response. The analysis of the change in burden is as follows: Currently approved burden FDIC-supervised banks (burden to file) 758,732 hours FDIC-supervised savings associations: Burden to file 9,713 hours First year burden to convert systems and conduct training 11,280 hours Total currently approved burden 779,725 hours Revisions to content of report (program change) FDIC-supervised banks (burden to file) + 365 hours FDIC-supervised savings associations (burden to file) + 53 hours Adjustment (change in use) FDIC-supervised banks (burden to file) - 18,940 hours FDIC-supervised savings associations (burden to file) 0 hours Requested (new) burden 761,203 hours Net change in burden: - 18,522 hours The impact of the reporting changes covered by this submission will vary from institutions to institution depending upon an institution's individual circumstances and the extent of its involvement, if any, with the particular type of activity, product, or transaction that is the subject of a proposed reporting revision.

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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: 02/17/2012

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