Institutions submit Call Report data
to the agencies each quarter for the agencies' use in monitoring
the condition, performance, and risk profile of individual
institutions and the industry as a whole. Call Report data provide
the most current statistical data available for evaluating
institutions' corporate applications, identifying areas of focus
for on-site and off-site examinations, and monetary and other
public policy purposes. The agencies use Call Report data in
evaluating interstate merger and acquisition applications to
determine, as required by law, whether the resulting institution
would control more than ten percent of the total amount of deposits
of insured depository institutions in the United States. Call
Report data are also used to calculate institutions' deposit
insurance and Financing Corporation assessments and national banks'
and federal savings associations' semiannual assessment fees. The
agencies are making changes 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, in the Consolidated Reports of Condition
and Income (Call Report or FFIEC 031 and FFIEC 041). The revisions
to the Call Report are consistent with the revised regulatory
capital rules published by the agencies (revised regulatory capital
rules). The proposed revised risk-weighted assets portion of
Schedule RC-R and the proposed changes to Schedule RC-L will take
effect as of the March 31, 2015, report date.
US Code:
12
USC 181 Name of Law: The National Bank Act
The decrease in burden is
primarily due to the decrease in the number of regulated entities.
The remainder of the decrease is due to the change in reporting
requirements.
$0
No
No
No
No
No
Uncollected
Kevin korzeniewski 202
874-4628
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.