Note, FDIC
published the 30-day notice on 1/14/2014.
Inventory as of this Action
Requested
Previously Approved
02/28/2017
06/30/2016
06/30/2016
17,300
0
17,616
726,946
0
714,681
0
0
0
Insured financial institutions must
provide quarterly reports of condition and income (Call Reports) to
the appropriate regulatory agency for supervisory, surveillance,
regulatory, research, insurance assessment and informational
purposes. Section 7 of the Federal Deposit Insurance Act requires
all insured depository institutions to submit four "reports of
condition" each year to their primary federal bank supervisory
authority, i.e., the FDIC, the OCC, or the FRB, as appropriate.
FDIC-supervised institutions, i.e., insured state nonmember banks
and state savings associations, submit these reports to the FDIC.
The FDIC uses the quarterly Call Reports to monitor the condition
and performance of individual institutions and the industry as a
whole. In addition, Call Reports provide the FDIC with the most
current statistical data available for evaluating depository
institution corporate applications such as mergers; identifying
areas of focus for both on-site and off-site examinations;
calculating all insured institutions' deposit insurance and
Financing Corporation assessments; and other public purposes.
Within the Call Report information collection system, separate sets
of forms apply to institutions that have domestic and foreign
offices (FFIEC 031) and to institutions with domestic offices only
(FFIEC 041). The proposed revisions to the Call Report that are the
subject of this request are limited to revisions to Schedule RC-R,
Regulatory Capital. These regulatory capital reporting changes have
been approved by the FFIEC and would take effect March 31, 2014.
The Federal Reserve Board (FRB) and the Office of the Comptroller
of the Currency (OCC) are also submitting these changes for OMB
review for the banks and savings associations under their
supervision. Call Report Schedule RC-R collects data on tier 1,
tier 2, and total capital and regulatory capital ratios (the
regulatory capital components and ratios portion of the schedule)
and on risk-weighted assets (the risk-weighted assets portion of
the schedule). The agencies are proposing at this time to revise
the reporting requirements for the regulatory capital components
and ratios portion of Schedule RC-R. Compared to the current
version of the schedule, the revised regulatory capital components
and ratios portion of Schedule RC-R would provide a more detailed
breakdown of the elements that enter into regulatory capital
calculations, including deductions and adjustments, consistent with
the revised regulatory capital rules adopted by the FDIC, the FRB,
and the OCC (the agencies) in July 2013. The revised regulatory
capital components and ratios portion of Schedule RC-R would become
applicable to reporting institutions in two steps. For report dates
in 2014, there would be two versions of the regulatory capital
components and ratios portion of Schedule RC-R, which would be
designated Parts I.A and I.B. Institutions that are not advanced
approaches institutions would file Part I.A, which would include
existing data items 1 through 33 of current Schedule RC-R. Advanced
approaches institutions, which became subject to the revised
regulatory capital rules on January 1, 2014, would file proposed
Part I.B, which would include regulatory data on common equity tier
1, tier 1, tier 2, and total capital and regulatory capital ratios
consistent with the revised regulatory capital rules. In March
2015, Part I.A would be removed and Part I.B would be designated
Part I; all institutions would then complete Part I as part of
their Call Report submission.
US Code:
12
USC 1817(a) Name of Law: Federal Deposit Insurance Act
US Code: 12 USC 1817(a) Name of Law:
Dodd-Frank Act
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 Call Report Schedule RC-R that are the subject
of this submission. At present, there are 4,325 FDIC-supervised
institutions, which is 79 less than previously reported (4,404
previously versus 4,325 now). As mentioned in Item 13 above, the
FDIC estimates that the overall effect of the proposed revisions to
Call Report Schedule RC-R across the full range of institutions
under its supervision would be an average increase in the burden
estimate of nearly one and a half hours per response. The analysis
of the change in burden for the Call Report as it is proposed to be
revised effective March 31, 2014, for advanced approaches
institutions and March 31, 2015, for all other institutions is as
follows: Currently approved burden 714,681 hours Revisions to
content of report (program change) + 25,085 hours Adjustment
(change in use) - 12,820 hours Requested (new) burden 726,946 hours
Net change in burden: + 12,265 hours
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.
Form FFIEC 031 Consolidated Reports of Condition and Income (Call Report)
FR2-0052 Call Report Schedule RC–R, Final 2014-00478.pdf
SPST-0052 Call Report 314x Supporting Statement Schedule RC-R 1-24-14 Final.doc
Consolidated Reports of Condition and Income (Call Report)