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.
The Office of the
Comptroller of the Currency (OCC) requests approval from the Office
of Management and Budget (OMB) to revise the Federal Financial
Institutions Examination Council (FFIEC) Consolidated Reports of
Condition and Income (Call Reports) (FFIEC 031, FFIEC 041, and
FFIEC 051) under the emergency clearance provisions of OMB’s
regulations. These reports are filed on a quarterly basis by
national banks and Federal savings associations. The revisions to
the Call Reports that are the subject of this request are a result
of the Economic Growth, Regulatory Relief, and Consumer Protection
Act (EGRRCPA) and have been approved by the FFIEC. The Federal
Deposit Insurance Corporation (FDIC) and the Office of the Board of
Governors of the Federal Reserve System (Board) have also submitted
a similar request for OMB review to request this information from
banks under their supervision. The OCC requires the information
collected on the Call Reports to fulfill its statutory obligation
to supervise national banks and Federal savings associations. These
institutions are required to file detailed schedules of assets,
liabilities, and capital accounts in the form of a condition report
and summary statement as well as detailed schedules of operating
income and expense, sources and disposition of income, and changes
in equity capital. The OCC, Board, and FDIC (the agencies) propose
to revise the Call Reports effective for reports reflecting the
June 30, 2018, report date by adjusting the definitions of
reciprocal brokered deposits and brokered deposits, adding data
items related to reciprocal brokered deposits, and revising the
definition of high volatility commercial real estate (HVCRE)
exposures that institutions use to calculate risk-weighted assets
and, hence, risk-based capital ratios. The current annual burden
for the Call Reports is estimated to be 232,633 hours and the
proposed revisions are estimated to increase the annual burden by
203 hours.
US Code:
12
USC 181 Name of Law: The National Bank Act
The burden per quarter is 45.87
hours for the OCC (totaling 232,836.12 per year). The incremental
change related to the emergency clearance is .04 additional burden
hours from the final FRN on the Call Report changes in April
2018.
$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.
Form FFIEC 041 (MA)-Reports of Condition and Income (Interagency Call Report)
1557-0081 Call Report 7-31-18 1120AM.docx
Interagency Statement.pdf
(MA)-Reports of Condition and Income (Interagency Call Report)