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
proposed revisions to the FFIEC 031, FFIEC 041, and FFIEC 051 Call
Reports would result in an overall reduction in burden. These
reporting revisions consist of the deletion or consolidation of a
large number of items and the addition of a new or increases in
certain existing reporting thresholds.
US Code:
12
USC 181 Name of Law: The National Bank Act
The proposed revisions to the
FFIEC 031, FFIEC 041, and FFIEC 051 Call Reports would result in an
overall reduction in burden. These reporting revisions consist of
the deletion or consolidation of a large number of items and the
addition of a new or increases in certain existing reporting
thresholds.
$0
No
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.