FR2644_20141218_omb

Supporting Statement for
the Weekly Report of Selected Assets and Liabilities of Domestically Chartered
Commercial Banks and U.S. Branches and Agencies of Foreign Banks
(FR 2644; OMB No. 7100-0075)
Summary
The Board of Governors of the Federal Reserve System, under delegated authority from
the Office of Management and Budget (OMB), proposes to extend for three years, with revision,
the voluntary Weekly Report of Selected Assets and Liabilities of Domestically Chartered
Commercial Banks and U.S. Branches and Agencies of Foreign Banks (FR 2644; OMB No.
7100-0075). The FR 2644 is a balance sheet report that is collected as of each Wednesday from
an authorized stratified sample of 875 domestically chartered commercial banks and U.S.
branches and agencies of foreign banks.
The FR 2644 is the only source of high-frequency data used in the analysis of current
banking developments. The FR 2644 collects sample data that are used to estimate universe
levels using data from the quarterly commercial bank Consolidated Reports of Condition and
Income (FFIEC 031 and FFIEC 041; OMB No. 7100-0036) and the Report of Assets and
Liabilities of U.S. Branches and Agencies of Foreign Banks (FFIEC 002; OMB No. 7100-0032)
(Call Reports). Data from the FR 2644, together with data from other sources, are used to
construct weekly estimates of bank credit, balance sheet data for the U.S. banking industry,
sources and uses of banks’ funds, and to analyze current banking and monetary developments.
The Federal Reserve publishes the data in aggregate form in the weekly H.8 statistical release,
Assets and Liabilities of Commercial Banks in the United States, which is followed closely by
other government agencies, the banking industry, the financial press, and other users. The H.8
release provides a balance sheet for the banking industry as a whole and data disaggregated by its
large domestic, small domestic, and foreign-related bank components.
In this proposal, the Federal Reserve recommends revisions to improve the detail
associated with data on commercial real estate loans (CRE), commercial and industrial loans,
other consumer loans, and all other loans. The Federal Reserve proposes the following
modifications to the FR 2644 reporting form: (1) split commercial real estate loans into four
components, (2) split other consumer loans into two data items, (3) split all other loans into two
data items, (4) add a subcomponent of net unrealized gains (losses) on available-for-sale
securities, and (5) add memoranda items for loans to small businesses. In addition, the Federal
Reserve proposes to stop collecting the following data items that are no longer useful or that
affect only a few institutions: (1) derivatives with a positive fair value (item 5.a), (2) derivatives
with a negative fair value (item 10.a), and (3) outstanding principle balance of assets sold and
securitized by the reporting bank with servicing retained or with recourse or other sellerprovided credit enhancements: real estate loans, credit card receivables and other revolving
credit plans, and other consumer loans (memoranda items 2.a, 2.b, and 2.c).
The annual reporting burden for the proposed FR 2644 report is estimated to be 127,400
hours, an increase of 6,825 hours from the current burden of 120,575 hours. Copies of the
proposed FR 2644 reporting form and instructions are attached. The current FR 2644 reporting

forms and instructions are located on the Board’s website at
www.federalreserve.gov/apps/reportforms/default.aspx. The first report for the proposed
FR 2644 would be implemented as of January 7, 2015.
Background and Justification
The FR 2644 reporting form initially collected data from small banks, beginning in
January 1946.1 At that time the panel consisted of the universe of small member banks, which
reported on a monthly (last-Wednesday) basis. Beginning in 1959 the panel reported on a semimonthly basis (mid-and last-Wednesdays of the month). Then, beginning in 1969, the panel
reported on a weekly basis (as of Wednesday).
In 1979 a two-tier system of reporting was adopted. A stratified sample of 400 member
banks reported nine data items (including loans, securities, total assets, and large time deposits)
on the FR 2644s. All other small member banks reported three data items (securities, loans, and
total assets) on the FR 2644. Each Reserve Bank compiled an aggregate balance sheet for banks
within their district, drawing on data from the FR 2644s and FR 2644 as well as from other
surveys (including the quarterly Call Report). The district data were used to compile a national
total.
The general framework for the FR 2644 was revised in 1984. At that time the Federal
Reserve decided to use a sample approach to estimate bank credit for the universe of all small
banks. A stratified sample of 1,100 banks, including nonmember banks for the first time, was
selected. Over the years, the respondent panel and data items collected on the FR 2644 were
modified as appropriate.
As of July 1, 2009, the Federal Reserve combined the three bank credit reports, (1) the
Weekly Report of Assets and Liabilities for Large Banks (FR 2416; OMB No. 7100-0075), (2)
the Weekly Report of Assets and Liabilities for Large U.S. Branches and Agencies of Foreign
Banks (FR 2069; OMB No. 7100-0030), and (3) the Weekly Report of Selected Assets
(FR 2644; OMB No. 7100-0075), into a single reporting form collected from an authorized
stratified sample of 875 domestically chartered commercial banks and U.S. branches and
agencies of foreign banks.
Data from the FR 2644 are used in conjunction with other data to construct estimates of
bank credit, sources and uses of bank funds, and a balance sheet for the entire banking system.
These statistics are used to analyze current banking and monetary conditions. Currently, there is
no other information collection in place that supplies the weekly data obtained on the FR 2644.

1

Large banks reported on the FR 2416 reporting form (Weekly Report of Assets and Liabilities for Large Banks)
beginning in 1917 with about 600 reporters. Foreign-related institutions (U.S. branches and agencies of foreign
banks) began reporting on the FR 2069 (Weekly Report of Assets and Liabilities for Large U.S. Branches and
Agencies) in July 1981 with about 50 respondents.

2

Description of Information Collection
The FR 2644 collects 30 balance-sheet items and four memoranda items as of each
Wednesday from an authorized stratified sample of 875 domestically chartered commercial
banks and U.S. branches and agencies of foreign banks.2
Proposed Revisions
The Federal Reserve proposes to subdivide several loan categories and add two new
memoranda items. The Federal Reserve also recommends deleting several data items that are no
longer useful or only have material amounts at a few banks. The item count for the revised
FR 2644 reporting form would be 33 balance-sheet items and four memoranda items, an overall
increase of three data items.
Split data item 4.a(2) into four data items. The Federal Reserve proposes to split
current data item 4.a(2), commercial real estate loans, into four data items and renumber current
data items 4.a(1) and 4.a(3) as follows:
4.a(1) Construction, land development and other land loans,
4.a(2) Secured by farmland,
4.a(3)(a) Revolving, open-end loans secured by 1-4 residential properties and extended
under lines of credit,
4.a(3)(b) Closed-end loans secured by 1-4 family residential properties,
4.a(4) Secured by multifamily (5 or more) residential properties, and
4.a(5) Secured by nonfarm nonresidential properties.
Commercial real estate loans have been collected from the largest banks since 1996 and
from smaller institutions starting in 2004. While the total amount of CRE loans has been useful,
experience during the financial crisis indicated that more timely information on the
subcomponents of CRE loans is necessary. According to the H.8 data, CRE loans declined about
$360 billion between early 2009 and mid-2012. Such loans started to recover during the second
half of 2012; however not all CRE loan segments were improving at the same pace, as Call
Report data later revealed. Specifically, construction and land development loans, generally
considered to be the riskiest type of CRE loans, began declining a year earlier relative to other
types of CRE loans and growth in this sector also picked up a year later. More timely data in
these subcategories of CRE loans would help the Federal Reserve to closely monitor changes in
CRE loans trends more quickly.
Split data item 4.d(2) into two data items. The Federal Reserve proposes to split item
4.d(2), other consumer loans, into the following data items:
4.d(2) Automobile loans and
4.d(3) Other consumer loans.

2

As of May 21, 2014, 852 respondents filed the FR 2644.

3

Automobile loans were added to the domestic Call Reports in March 2011 as a
component of other consumer loans. According to Call Report data, automobile loans have
accounted for over 60 percent of the other consumer loans category, with the remainder
comprised of student loans and other loans for personal expenditures. Isolating automobile loans
would help the Federal Reserve ascertain movements in consumer loans other than credit cards
and would provide more timely information on the availability of credit in the automobile loan
market.
Subdivide data item 4.e into two data items. The Federal Reserve proposes dividing
data item 4.e, all other loans and leases, into the following two data items:
4.e Loans to nondepository financial institutions and
4.f All other loans and leases.
Data item 4.f, allowance for loan and lease losses, would be renumbered as data item 4.g.
Loans to nondepository financial institutions were added to the domestic Call Reports in
March 2010 in response to an increase in the number of transactions between banks and nonbank
financial institutions. Although loans to nondepository financial institutions are only a small part
of total loans—about 3 percent as of the fourth quarter of 2013—its share has been steadily
increasing since 2010 and is the fastest-growing component of other loans. Specifically,
according to the Call Reports, loans to nondepository financial institutions at commercial banks
increased at an annual rate of 12 and 18 percent in 2012 and 2013, respectively. Collecting this
subcomponent of all other loans would provide a measure of the degree of interconnectedness
between banks and nonbanks and how it evolves over time. Banks’ exposures to counterparties
with whom they borrow and lend funds are potential conduits for the transmission of the effects
resulting from nonbanks’ financial distress or activities. Thus, this data item would be useful for
the Financial Stability Oversight Council as well, as this group would be monitoring on an ongoing basis the interconnectedness within the financial system.
Create a component of current memorandum item M.1. The Federal Reserve
proposes to add a subcomponent of memorandum item M.1, net unrealized gains (losses) on
available-for-sale securities:
M.1 Net unrealized gains (losses) on available-for-sale securities;
M.1.a Net unrealized gains (losses) on available-for-sale U.S. Treasury securities and
U.S. government agency obligations, mortgage-backed securities (included in item
2.a(1) and memoranda item 1 above).
Banks are instructed to report their held-to-maturity securities at amortized cost and their
available-for-sale securities at fair value on the FR 2644 reporting form. Item M.1, net
unrealized gains (losses) on available-for-sale securities, had been added to the FR 2416
reporting form as of October 2, 1996 and was retained on the single reporting form in July 2009.
This data item allows the Federal Reserve to estimate the book value of banks’ securities. Since
the FR 2644 collects four categories of securities, internal estimates of growth in securities
subcomponents allocate the unrealized gains (losses) adjustment only to the largest

4

subcomponent of securities, namely item 2.a(1), U.S. Treasury and U.S. government agency
securities, mortgage-backed securities. This approach worked fairly well as a way of estimating
the book value of banks’ securities before the last financial crisis, because up to that point the
swings in fair value largely reflected interest rate changes that moved the value of all securities
in the same direction. During the financial crisis period, some of the large changes in unrealized
gains (losses) on available-for-sale securities were attributable to credit impairment rather than
interest rate changes and observed in the subcomponents of other securities, “mortgage-backed
securities (MBS) and non-MBS.” While efforts have been made to allocate the net unrealized
gains (losses) across the four categories of securities collected, no entirely satisfactory method
for the allocation of net unrealized gains (losses) across all types of securities currently exists.
The addition of the unrealized gains (losses) on U.S. Treasury and agency securities, MBS on the
revised FR 2644 form would improve the allocation of net gains (losses) on available-for-sale
securities across the remaining three securities’ categories, because changes in those categories
are almost always related solely to interest rate changes.
Create new memorandum item M.2. The Federal Reserve proposes to collect
subcomponents of data items 4.a(5), CRE loans secured by nonfarm nonresidential properties,
and 4.c, commercial and industrial loans:
M.2.a Commercial real estate loans secured by nonfarm nonresidential properties with
original amounts of $1,000,000 or less (included in data item 4.a(5)) and
M.2.b Commercial and industrial loans to U.S. addressees with original amounts of
$1,000,000 or less (included in data item 4.c above).
There are no timely sources of information for loans made to small businesses. Small
business lending (CRE loans secured by nonfarm nonresidential properties and commercial and
industrial loans to U.S. addressees with original amounts of $1,000,000 or less) accounted for
approximately 8 percent of total loans as of December 2013. There has been an increasing
interest in the health of small business lending and the weekly collection of this data would help
the Federal Reserve more closely monitor developments in this sector.
Proposed elimination of data items
The Federal Reserve recommends deleting the following data items from the FR 2644
report:
5.a Derivatives with a positive fair value and
10.a Derivatives with a negative fair value.
In addition, the Federal Reserve proposes to stop collecting the following three
memoranda items:
Outstanding principle balance of assets sold and securitized by the reporting bank with
servicing retained or with recourse or other seller-provided credit enhancements:
M.2.a Real estate loans,
M.2.b Credit card loans and other revolving credit plans, and
M.2.c Other consumer loans.

5

Data item 5.a, derivatives with a positive fair value, is a subcomponent of item 5, trading
assets. In addition to derivatives, trading assets include other, non-security items such as
certificates of deposit held for trading and gold bullion and silver. However, derivatives with a
positive fair value account for 90 percent of total trading assets for domestically chartered
commercial banks and 95 percent for foreign-related institutions. Total trading assets can be
safely used as a proxy for derivatives, as the preponderance of the movement in this item can be
attributed to derivatives. Therefore, the Federal Reserve recommends deleting this data item
from the FR 2644 report.
Data item 10.a, derivatives with a negative fair value, is a subcomponent of item 10,
trading liabilities. Similar to item 5.a above, these derivatives account for a high percentage of
trading liabilities: 70 percent for domestically chartered banks and 88 percent for foreign-related
institutions. Since item 10.a. comprises such a large portion of the total, weekly changes are
typically driven by changes in derivatives with a negative fair value. Therefore, the Federal
Reserve recommends deleting this data item from the FR 2644 report.
Memorandum item 2.a, outstanding principle balance of assets sold and securitized by the
reporting bank with servicing retained or with recourse or other seller-provided credit
enhancements: real estate loans, was added on July 4, 2007, in an attempt to capture mortgage
loans sold and securitized with servicing retained by weekly reporters. However, there have
been several factors leading to a substantial decline in this item:
(1) Based on the Call Report instructions, sales to the government sponsored entities
(GSEs) are not included in this item, even if the GSEs later securitize the loans. This peculiarity
in the instructions has led to gross misreporting by banks.
(2) Upcoming changes to the regulatory capital treatment of mortgage servicing rights
(MSRs) under Basel III have encouraged banks to sell their MSRs to nonbanks. The sale of the
MSRs reduces securitized real estate loans since it voids the link that banks have to their offbalance sheet real estate loans.
(3) Due to the virtually complete shutdown of private mortgage securitization markets,
banks have been selling their newly originated loans only to the GSEs, leading to a run-off in the
off-balance sheet loans through pay downs and maturities.
Securitized real estate loans were about $1.46 trillion at the time of the single report
form, with 93 banks on the December 2009 Call Report submitting nonzero values for this item.
As of the first quarter of 2014, data corrections, sales of MSRs, and pay downs have all lowered
the level of securitized real estate loans more than one-half, to about $663 billion. Moreover,
these banks update their outstanding securitized amounts quarterly in their Call Reports, and a
quarterly frequency for this much smaller amount of lending activity is now appropriate.
Therefore, the Federal Reserve recommends deleting this data item from the FR 2644 report.
Memoranda items 2.b and 2.c, which correspond to outstanding principle balance of
assets sold and securitized by the reporting bank with servicing retained or with recourse or other
seller-provided credit enhancements: credit cards and other revolving credit plans and other

6

consumer loans, respectively, were greatly affected by banks’ implementation of Financial
Accounting Standards (FAS) 166/167. Under these new accounting rules, banks brought most of
their off-balance sheet consumer loans onto their books. In addition, this data is available from
the Call Reports and a quarterly frequency for this much smaller amount of lending activity is
now appropriate. Therefore, the Federal Reserve recommends deleting these data items from the
FR 2644 report.
Reporting panel
As mentioned above, the FR 2644 panel has an authorized size of 875 domestically
chartered commercial banks and U.S. branches and agencies of foreign banks. Currently, the
panel consists of 852 total reporters – 787 domestically chartered banks and 65 foreign-related
institutions – and accounts for about 88 percent of all domestic assets at U.S. commercial banks.
The number of respondents is less than the authorized size due to mergers among reporters and
loss of respondents due to the voluntary nature of the panel. Table 1 presents the number of
reporters disaggregated by district and by bank group for the current panel.
Table 1
Number of Reporters on Current FR 2644 Panel3
District

ForeignPending
Related Replacements

Large Small

1
2
3
4
5
6
7
8
9
10
11
12

2
7
3
4
3
2
1
0
0
0
0
3

25
40
37
51
42
78
162
82
31
69
76
69

0
55
0
0
0
0
4
0
0
0
3
3

1
6
0
1
1
4
1
4
2
4
3
1

TOTAL

25

762

65

28

The current FR 2644 sample’s coverage for each data item is included in Attachment 1.
The accuracy experience with the current panel is presented in Table 2.a for small banks and
Table 2.b for foreign-related institutions, summarizing the benchmark effects since the major
report renewal in 2009. While the average revisions are not overly large, they are significant.
Therefore, the Federal Reserve recommends retaining the current authorized sample size of 875
respondents to minimize measurement error.
3

As of May 7, 2014, 852 respondents filed the FR 2644.

7

Table 2.a
Recent Benchmark Revisions to Estimates for Small Banks4
($ millions, n.s.a.)

Item
Bank Credit
U.S. Treasury and Agency
Securities
Other Securities
Home Equity Loans
Commercial Real Estate Loans
Closed-End Residential Loans
Commercial and Industrial Loans
Credit Card Loans
Other Consumer Loans
All Other Loans
Cash
Total Assets
Total Deposits
Total Borrowings
Total Liabilities

Root Mean
Root Mean Maximum Average Level
Square
Square
Absolute of Asset Item
Percentage
Revision5
Revision
($ billions)6
Revision7
5,727
9,779
3,113
0.18
1,863
1,421
158
2,441
1,574
1,509
151
502
892
3,511
5,813
4,432
2,538
5,268

3,854
2,483
400
4,627
2,809
2,422
324
1,407
1,874
8,286
15,445
12,150
-6,000
15,271

538
221
116
905
503
405
143
144
136
305
3,697
2,815
334
3,270

0.35
0.64
0.14
0.27
0.31
0.37
0.11
0.35
0.66
1.15
0.16
0.20
0.76
0.16

The root mean square revision as a result of 19 quarterly benchmarks between September
2009 and December 2013 was $5.7 billion or 0.18 percent of the average level of bank credit.
This implies that benchmarking revises quarterly bank credit growth estimates for small banks
by an average of 0.7 percent at an annual rate. The maximum revision was 1.7 times greater than
that amount.

4

Summary statistics are calculated for 19 quarterly benchmarks from September 2009 to December 2013.
The root mean square revision is the square root of the averaged sum of squared revisions. This term may also be
referred to as the standard deviation of the revisions around zero.
6
Average levels are averages of weekly not seasonally adjusted (n.s.a) data over the period of July 2009 to
December 2013.
7
Root mean square revision divided by average level of asset item, multiplied by 100.
5

8

Table 2.b
Recent Benchmark Revisions to Estimates for Foreign-Related Institutions8
($ millions, n.s.a.)

Item
Bank Credit
U.S. Treasury and Agency
Securities
Other Securities
Commercial Real Estate Loans
Commercial and Industrial Loans
All Other Loans
Cash
Total Assets
Total Deposits
Total Borrowings
Total Liabilities

Root Mean
Root Mean Maximum Average Level
Square
Square
Absolute of Asset Item
Percentage
Revision9
Revision
($ billions)10
Revision11
7,409
16,262
818
0.91
2,580
1,814
494
3,159
1,864
14,697
19,140
10,022
5,981
18,974

3,895
-4,540
810
6,786
4,211
31,210
37,485
25,097
11,919
37,486

99
120
32
248
196
706
2,154
963
564
2,151

2.61
1.51
1.54
1.27
0.95
2.08
0.89
1.04
1.06
0.88

As shown in the last column of table 2.b, the percentage root mean square revisions over
the past 19 benchmarks for foreign-related institutions greatly exceeded those for the small banks
shown in table 2.a. The root mean square revision of $7.4 billion, or .91 percent of the average
level of bank credit, implies an average 3.6 percent benchmark revision at an annual rate. Some
components of bank credit and total assets are significantly worse in accuracy; U.S. Treasury and
agency securities, for example, have an average benchmark revision over 10 percent at an annual
rate and cash over 8 percent.
Frequency
The Federal Reserve recommends that the FR 2644 report continue to be submitted
weekly, as of the close of business each Wednesday. Weekly data are needed for accurate and
timely construction of the key series used to analyze current banking developments. The balance
sheet series are constructed and published weekly. The various series that are constructed from
the report are included in the weekly materials prepared for the Board of Governors and in the
periodic analyses provided to the Federal Open Market Committee. None of these series could
be constructed on a sufficiently accurate or timely basis if the frequency of reporting were
reduced, particularly in periods of market volatility and rapid change in banking conditions.

8

Summary statistics are calculated for 19 quarterly benchmarks from September 2009 to December 2013.
The root mean square revision is the square root of the averaged sum of squared revisions. This term may also be
referred to as the standard deviation of the revisions around zero.
10
Average levels are averages of weekly not seasonally adjusted (n.s.a) data over the period of July 2009 to
December 2013.
11
Root mean square revision divided by average level of asset item, multiplied by 100.
9

9

Time Schedule for Information Collection and Publication
Respondents file the FR 2644 weekly, as of Wednesday, with their Reserve Bank. Staff
at the Reserve Banks edit and transmit micro data to the Board by 12:00 noon Eastern Time on
the first Wednesday after the reporting date. Aggregate data are constructed at the Board by
Thursday and the H.8 Statistical Release, Assets and Liabilities of Commercial Banks in the
United States, is published on Friday afternoon with an as-of date of two Wednesdays prior. The
H.8 Statistical Release provides a balance sheet for the banking industry as a whole as well as for
several bank groups (large domestically chartered banks, small domestically chartered banks,
and foreign-related institutions), and it is followed by other government agencies, the banking
industry, the financial press, and other users.
Legal Status
The Board’s Legal Division has determined that the FR 2644 is authorized by section 2A
and 11(a)(2) of the Federal Reserve Act (12 U.S.C. §§ 225(a) and 248(a)(2)) and by section
7(c)(2) of the International Banking Act (12 U.S.C. § 3105(c)(2)) and is voluntary. Individual
respondent data are regarded as confidential under the Freedom of Information Act (5 U.S.C. §
552(b)(4)).
Consultation outside the Agency
On September 24, 2014, the Federal Reserve published a notice in the Federal Register
(79 FR 57101) requesting public comment for 60 days on the extension, with revision, of the
FR 2644. The comment period for this notice expired on November 24, 2014. The Federal
Reserve received a comment letter from a bank regarding the proposed revision to the FR 2644.
The commenter expressed the opinion that the effective date of the revision (January 7, 2015)
may not be the optimal time to change the report because this would be the beginning of the
financial reporting season for banks. The commenter noted that the proposed revisions to the
report would require additional work by the respondents for implementation and, because bank
staff would be involved in producing yearend reports, the accuracy of the reported data may be
compromised. The commenter suggested that the effective date of the revised report should be
reconsidered. The Federal Reserve recognizes that respondents have additional reporting
responsibilities at the end-of-quarter and end-of-year periods. In the event that respondents
anticipate difficulty implementing the changes by the effective date, the Federal Reserve would
accept estimated data until actual data becomes available. In addition, Reserve Bank staff would
be available to assist respondents with the reporting requirements. After careful consideration of
the comment letter and with the estimated reporting option discussed above, the revisions will be
implemented as proposed. On December 15, 2014, the Federal Reserve published a final notice
in the Federal Register (79 FR 74088) for the FR 2644.
Estimate of Respondent Burden
As presented in the table below, the current annual reporting burden for the FR 2644 is
estimated to be 120,575 hours. The annual reporting burden for the proposed FR 2644 would be
127,400 hours, an increase of 6,825 hours. The estimated average hours per response for the

10

FR 2644 would increase from 2.65 hours to 2.80 hours, on a net basis, associated with the
proposed revisions. The total annual burden for the FR 2644 represents less than one percent of
the total Federal Reserve System paperwork burden.
Number of
respondents12

Annual
frequency

Estimated
average hours
per response

Estimated
annual burden
hours

Current
FR 2644

875

52

2.65

120,575

Proposed
FR 2644

875

52

2.80

127,400

Change

6,825

The total cost to the public is estimated to increase from the current level of $6,137,268 to
$6,484,660 for the revised FR 2644.13
Sensitive Questions
These collections of information contain no questions of a sensitive nature, as defined by
OMB guidelines.
Estimate of Cost to the Federal Reserve System
The proposed cost to the Federal Reserve System for collecting and processing the
FR 2644 is estimated to be $2,184,900 per year, an increase of $416,100 from the current cost of
$1,768,800. The one-time cost to implement the revised report is estimated to be $49,100.

12

Of the actual respondents, 345 are small entities as defined by the Small Business Administration (i.e., entities
with less than $550 million in total assets) www.sba.gov/content/table-small-business-size-standards.
13
Total cost to the public was estimated using the following formula: percent of staff time, multiplied by annual
burden hours, multiplied by hourly rates (30% Office & Administrative Support at $18, 45% Financial Managers at
$61, 15% Lawyers at $63, and 10% Chief Executives at $86). Hourly rates for each occupational group are the
(rounded) mean hourly wages from the Bureau of Labor and Statistics (BLS), Occupational Employment and Wages
2013, www.bls.gov/news.release/ocwage.nr0.htm. Occupations are defined using the BLS Occupational
Classification System, www.bls.gov/soc/.

11

Attachments
1. Coverage of FR 2644 Sample
2. Proposed FR 2644 Usage Table

12

Attachment 1
Coverage of FR 2644 Sample (in Percent)14

Asset Item

Domestically
Small
ForeignChartered Domestic Related

1. Cash
2. Securities:
a. U.S. Treasury securities and U.S. government agency
obligations:
(1) Mortgage-backed securities
(2) Other U.S. government and U.S. agency obligations
b. Other securities
(1) Mortgage-backed securities
(2) All other securities
3. Federal funds sold and securities purchased under
agreements to resell:
a. With commercial banks in the U.S.
b. With others
4. Loans and leases:
a. Loans secured by real estate:
(1) Revolving, open-end loans secured by 1-4 family
residential properties and extended under lines of credit
(2) Commercial real estate loans
(3) All other loans secured by real estate
b. Loans to, and acceptances of, commercial banks in the
U.S.
c. Commercial and industrial loans
d. Loans to individuals for household, family, and other
personal expenditures:
(1) Credit cards and other revolving credit plans
(2) Other consumer loans
e. All other loans and leases
f. Allowance for loan and lease losses
5. Trading assets, other than securities and loans included
above
a. Derivatives with a positive fair value

n.a. Not available

14
15

Based on March 31, 2014, Call Report.
Components not available on domestic Call Report

13

91.2

62.9

91.4

89.8
82.2

67.1
53.8

88.0
78.9

94.2
82.6

72.1
50.1

99.0
80.2

93.315

74.13
96.0
98.0

93.0
70.4
86.2

70.0
53.0
58.8

86.7
57.6
65.3

92.3
87.8

34.2
66.0

50.3
80.3

99.1
93.5
90.8
87.8

97.1
76.3
63.3
63.7

n.a.
n.a.
89.3
n.a.

99.9
99.9

95.2
96.2

97.5
98.6

Asset Item

Domestically
Small
ForeignChartered Domestic Related

6. Other assets:
a. Net due from related foreign offices
b. All other assets
7. Total assets

99.8
91.1

96.0
65.9

95.4
96.4

87.6

62.5

90.0

86.1
71.2
92.316

60.3
47.5
74.36

89.0
90.2

Liability Item
8. Total deposits
a. Time deposits of $100,000 or more
9. Borrowings:
a. From commercial banks in the U.S.
b. From others
10. Trading liabilities
a. Derivatives with a negative fair value
11. Other liabilities:
a. Net due to related foreign offices
b. All other liabilities
12. Total liabilities

99.9
99.9

96.1
95.3

74.1
93.9
97.0
97.0

99.9
95.8

99.7
78.4

88.2
92.7

87.4

62.3

90.0

55.4

52.5

113.7

99.5
98.4
91.7

76.0
98.4
64.2

n.a.
n.a.
n.a.

Memoranda
1. Net unrealized gains (losses) on available-for-sale securities
2. Outstanding principle balances of assets sold and securitized
by the reporting bank with servicing retained or with
recourse or seller-provided credit enhancements:
a. Real estate loans
b. Credit card receivables and other revolving credit plans
c. Other consumer loans

n.a. Not available

16

Components not available on domestic Call Report.

14

Attachment 2
Proposed FR 2644 Usage Table

Proposed FR 2644 Asset Item

1. Cash
2. Securities:
a. U.S. Treasury securities and U.S. government agency
obligations:
(1) Mortgage-backed securities
(2) Other U.S. government and U.S. agency obligations
b. Other securities
(1) Mortgage-backed securities
(2) All other securities
3. Federal funds sold and securities purchased under agreements to
resell:
a. With commercial banks in the U.S.
b. With others
4. Loans and leases:
a. Loans secured by real estate:
(1) Construction, land development, and other land loans
(2) Secured by farmland

Usage

H.8; sources and uses of funds.

Bank credit; H.8; investment strategy;
analysis of MBS market.
Bank credit; H.8; investment strategy.
Bank credit; H.8; investment strategy;
analysis of MBS market.
Bank credit; H.8; investment strategy.

H.8; interbank loans.
Bank credit; H.8; counterparty analysis.

Bank credit; H.8; commercial sector.
Bank credit; H.8; commercial sector.

(3) Secured by 1-4 family residential properties:
(a) Revolving, open-end loans secured by 1-4 family
residential properties and extended under lines of credit
(b) Closed-end loans secured by 1-4 family residential
properties
(4) Secured by multifamily (5 or more) residential properties
(5) Secured by nonfarm nonresidential properties
b. Loans to, and acceptances of, commercial banks in the U.S.
c. Commercial and industrial loans
d. Loans to individuals for household, family, and other personal
expenditures:
(1) Credit cards and other revolving credit plans
(2) Automobile loans
(3) Other consumer loans
e. Loans to nonbank financial institutions
f. All other loans and leases
g. Allowance for loan and lease losses

15

Bank credit; H.8; consumer borrowing.
Bank credit; H.8; consumer borrowing.
Bank credit; H.8; commercial/residential
sectors.
Bank credit; H.8; commercial/residential
sectors.
H.8; interbank borrowing.
Bank credit; H.8; analysis of commercial
lending.

Bank credit; H.8; consumer borrowing
Bank credit; H.8; consumer borrowing
Bank credit; H.8; consumer borrowing.
Bank credit; H.8; analysis of alternative
business lending.
Bank credit; H.8.
H.8; derivation of net total assets.

5. Trading assets, other than securities and loans included above
6. Other assets:
a. Net due from related foreign offices
b. All other assets

H.8; analysis of trading activity.

7. Total assets

H.8.

H.8; managed liabilities.
H.8; sources and uses of funds.

Usage

Proposed FR 2644 Liability Item

8. Total deposits
a. Time deposits of $100,000 or more
9. Borrowings:
a. From commercial banks in the U.S.
b. From others
10. Trading Liabilities
11. Other liabilities:
a. Net due to related foreign offices
b. All other liabilities

H.8; sources of funds analysis.
H.8; sources of funds analysis.

12. Total Liabilities

H.8.

H.8; interbank borrowings.
H.8; managed liabilities.
H.8; managed liabilities.
H.8; managed liabilities.
H.8; sources of funds.

Proposed Memorandum Item
1. Net unrealized gains (losses) on available-for-sale securities
a. Net unrealized gains (losses) on available-for-sale securities,
U.S. Treasury and U.S. government agency securities,
mortgage-backed securities (included in item M.1 above)
2. Loans to small businesses:
a. Amount currently outstanding of “Loans secured by nonfarm
nonresidential properties” with original amounts of $1,000,000
or less (included in item 4.a.(5) above)
b. Amount currently outstanding of “Commercial and industrial
loans to U.S. addressees” with original amounts of $1,000,000
or less (included in item 4.c above)

16

Usage
H.8; book value of securities.
H.8; book value of securities.

H.8; analysis of commercial lending.
H.8; analysis of commercial lending.

H.8; analysis of commercial lending.