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 proposed creating a new Call Report form for eligible
small institutions. Of the nearly 6,000 insured depository
institutions, approximately 5,200 would be eligible to file the
proposed FFIEC 051. When compared to the existing FFIEC 041, the
proposed FFIEC 051 shows a reduction in the number of pages from 85
to 61. This decrease is the result of the removal of approximately
950 or about 40 percent of the nearly 2,400 data items in the FFIEC
041. Of the data items remaining from the FFIEC 041, the agencies
have reduced the reporting frequency for approximately 100 data
items in the proposed FFIEC 051. In addition, the FFIEC and the
agencies requested public comment on proposed revisions to the
FFIEC 041 and the Consolidated Reports of Condition and Income for
a Bank with Domestic and Foreign Offices (FFIEC 031)
US Code:
12
USC 181 Name of Law: The National Bank Act
The decrease in burden is due
to the introduction of a shorter report form for small banks.
$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.