Consolidated Reports of Condition and Income (Call Report)

ICR 201605-3064-001

OMB: 3064-0052

Federal Form Document

Forms and Documents
IC Document Collections
ICR Details
3064-0052 201605-3064-001
Historical Active 201412-3064-002
FDIC FFIEC031/FFIEC041
Consolidated Reports of Condition and Income (Call Report)
Revision of a currently approved collection   No
Regular
Approved without change 09/28/2016
Retrieve Notice of Action (NOA) 07/14/2016
  Inventory as of this Action Requested Previously Approved
09/30/2019 36 Months From Approved 03/31/2018
15,564 0 16,948
693,376 0 758,254
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, which would involve quarterly reporting unless otherwise indicated, and their effective dates are summarized as follows [Insert September 30, 2016, and March 31, 2017 Changes] • Effective March 31, 2015, institutions with $1 billion or more in total assets that offer one or more deposit account products (other than time deposits) primarily intended for consumers would begin to report the amount of income earned from each of three categories of service charges on their consumer deposit account products (new Memorandum item 15 of Schedule RI, Income Statement). This income is included in total year-to-date service charges on deposit accounts, which institutions currently report in Schedule RI, item 5.b. • Effective March 31, 2015, there are proposed revisions to the risk-weighted assets portion of Schedule RC-R, Regulatory Capital, and to line items related to securities lent and borrowed in Schedule RC-L, Derivatives and Off-Balance Sheet Items 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.

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

Not associated with rulemaking

  80 FR 56539 09/18/2015
81 FR 45357 07/13/2016
Yes

1
IC Title Form No. Form Name
Consolidated Reports of Condition and Income (Call Report) FFIEC 041, FFIEC 031 FFEIC 031 Call Report ,   FFIEC 041 Call Report

  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 15,564 16,948 0 0 -1,384 0
Annual Time Burden (Hours) 693,376 758,254 0 0 -64,878 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
Manuel Cabeza 202 898-3781 [email protected]

  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.
07/14/2016


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