Banker Outreach Summary

Interagency Outreach Meeting on FFIEC 009/009a Reporting Changes PRA Notice

Date: February 20, 2013

Location: Conference Call

Participants: OCC, FDIC, and FRB staff; Interested Parties.

OMB Numbers: 1557-0100 (OCC); 7100-0035 (FRB); 3064-0017 (FDIC)

Summary:

Due to inquiries received from interested parties, the OCC, FDIC, and FRB (agencies) arranged a conference call with various outside parties (interested parties), primarily those that would be required to report under the FFIEC 009/009a PRA Notice¹. The purpose of the call was to provide clarification on certain elements of the PRA Notice, and respond to questions from interested parties on procedures and technical issues arising from the proposed information collection.

The agencies began by providing a summary of the 60-day PRA Notice, which included identifying changes from the current FFIEC 009 information collection. Following this background, the agencies addressed questions received from interested parties on the call.

The questions received mostly concerned the technicalities of completing line items on the proposed FFIEC 009 and 009a reporting forms and definitions for terms that are included in the instructions for the forms.

The agencies received an inquiry regarding the burden on savings and loan holding companies (SLHCs). Unlike other financial institutions supervised by the agencies, SLHCs currently are not required to file FFIEC 009 and 009a reports. The PRA notice would expand the scope of the collection to include these parties. The participant inquired whether SLHCs would be given additional time to prepare their systems to record and report the information that the agencies would require in the FFIEC 009 and 009a reports. The regulators will consider this inquiry along with any comments received in response to the PRA Notice.

The agencies concluded the call by notifying interested parties that the PRA Notice comment period closes on April 1, 2013, and the agencies encouraged those parties to submit comments under instructions listed in that notice.

1 Agency Information Collection Activities: Proposed Collection; Comment Request; Country Exposure Report (FFIEC 009) and Country Exposure Information Report (FFIEC 009a), 78 FR 6176 (January 29, 2013).