Consolidated Reports of Condition and Income (Call Report)

ICR 202001-3064-013

OMB: 3064-0052

Federal Form Document

ICR Details
3064-0052 202001-3064-013
Historical Active 201906-3064-006
FDIC FFIEC 0031/0041/0051
Consolidated Reports of Condition and Income (Call Report)
Revision of a currently approved collection   No
Regular
Approved with change 03/11/2020
Retrieve Notice of Action (NOA) 02/07/2020
FDIC responded to comments in an amended Supporting Statement.
  Inventory as of this Action Requested Previously Approved
03/31/2023 36 Months From Approved 08/31/2022
13,544 0 13,932
534,097 0 605,206
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 $5 billion, FFIEC 051). The proposed rule would implement section 205 of the Economic Growth, Regulatory Relief, and Consumer Protection Act by: expanding the eligibility to file the agencies’ most streamlined report of condition, the FFIEC 051 Call Report, to include certain insured depository institutions with less than $5 billion in total consolidated assets that meet other criteria; and, establishing reduced reporting on the FFIEC 051 Call Report for the first and third reports of condition for a year.

US Code: 12 USC 1817(a) Name of Law: Federal Deposit Insurance Act
   PL: Pub.L. 115 - 174 205 Name of Law: Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018
  
US Code: 12 USC 1817(a) Name of Law: Dodd-Frank Act

Not associated with rulemaking

  84 FR 53227 10/04/2019
85 FR 4780 01/27/2020
Yes

  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 13,544 13,932 0 -291 -97 0
Annual Time Burden (Hours) 534,097 605,206 0 -71,109 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Changing Regulations
The change in burden is predominantly due to changes associated with the community bank leverage ratio final rule. The reduction in average burden hours is significantly less for the FFIEC 031 than for the FFIEC 041 or the FFIEC 051 because greater percentages of institutions that would be eligible to report under the proposed community bank leverage ratio framework currently file the FFIEC 041 or the FFIEC 051 than the FFIEC 031.

$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.
02/07/2020


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