Consolidated Reports of Condition and Income (Call Report)

ICR 201804-3064-007

OMB: 3064-0052

Federal Form Document

IC Document Collections
ICR Details
3064-0052 201804-3064-007
Historical Active 201712-3064-003
FDIC FFIEC 0031/0041/0051
Consolidated Reports of Condition and Income (Call Report)
Revision of a currently approved collection   No
Regular
Approved without change 05/16/2018
Retrieve Notice of Action (NOA) 04/16/2018
  Inventory as of this Action Requested Previously Approved
05/31/2021 36 Months From Approved 03/31/2021
14,532 0 14,672
636,938 0 669,337
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 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 revising the Call Report information collection in an ongoing effort to reduce the burden associated with their preparation and filing. The revisions consolidate, delete, or raise the reporting threshold for a number of line items, overall continuing the process of reforming the Call Report to focus on truly valuable information and removing items of little or no value.

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

  82 FR 51908 11/08/2017
83 FR 15678 04/11/2018
Yes

1
IC Title Form No. Form Name
Consolidated Reports of Condition and Income (Call Report) FFIEC 031, FFIEC 051, FFIEC 041 FFIEC 031 Revisions Effective June 2018 ,   FFIEC 041 Revisions Effective June 2018 ,   FFIEC 051 Revisions Effective June 2018

  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 14,532 14,672 0 0 -140 0
Annual Time Burden (Hours) 636,938 669,337 0 0 -32,399 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    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.
04/16/2018


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