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 as it is
proposed to be revised, separate report forms apply to institutions
that have domestic and foreign offices (FFIEC 031) and to
institutions with domestic offices only (FFIEC 041 and, for those
with total assets less than $1 billion, FFIEC 051). 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 The FDIC, the
FRB, and the OCC (collectively, the agencies) are proposing to
revise the Call Report information collection by (1) creating a
proposed new Consolidated Reports of Condition and Income for a
Bank with Domestic Offices Only and Total Assets Less than $1
Billion (FFIEC 051) and (2) revising certain schedules on the
existing FFIEC 031 (Consolidated Reports of Condition and Income
for a Bank with Domestic and Foreign Offices) and FFIEC 041
(Consolidated Reports of Condition and Income for a Bank with
Domestic Offices Only) by removing data items or introducing new or
higher reporting thresholds for certain items.
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
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.
FR2-0052 Call Report 82 FR 2444 January 9 2017.pdf
SPST-0052 Call Report January 2017.doc
Consolidated Reports of Condition and Income (Call Report)