The Federal Deposit Insurance Act (FDI
Act) and the International Lending Supervision Act of 1983 (ILSA)
require the OCC to have risk-based capital requirements and to
ensure that banks maintain adequate capital. The OCC uses these
data to assess and monitor the levels and components of each
reporting entity’s risk-based capital requirements and the adequacy
of the entity’s capital under the framework. These data also allow
the OCC to evaluate the quantitative impact and competitive
implications of the framework on individual respondents and on the
financial industry. The reporting schedules also assist banks in
understanding expectations surrounding the system development
necessary for implementation and validation of the framework. The
submitted data that is released publicly also provide other
interested parties with information about banks’ risk-based
capital. Finally, the submitted data supplement on-site examination
processes.
The Office of the
Comptroller of the Currency (OCC), in coordination with the Board
of Governors of the Federal Reserve System (Board), and the Federal
Deposit Insurance Corporation (FDIC), (collectively, the
"agencies"), each of which is submitting a separate request, hereby
requests approval for revisions to the following currently approved
collection of information pursuant to the Office of Management and
Budget's (OMB) Paperwork Reduction Act (PRA) emergency processing
procedures at 5 CFR § 1320.13: Consolidated Reports of Condition
and Income (Call Report) - FFIEC 031, FFIEC 041, and FFIEC 051 [OMB
Nos. 7100-0036 (Board), 3064-0052 (FDIC), and 1557-0081 (OCC)]
Regulatory Capital Reporting for Institutions Subject to the
Advanced Capital Adequacy Framework – FFIEC 101 [OMB Nos. 7100-0319
(Board), 3064-0159 (FDIC), and 1557-0239 (OCC)]. The OCC has
determined that (1) the collection of information within the scope
of this request is needed prior to the expiration of time periods
established under 5 C.F.R. § 1320.12; (2) this collection of
information is essential to the mission of the OCC; and (3) the OCC
cannot reasonably comply with the normal clearance procedures
because an unanticipated event has occurred and the use of normal
clearance procedures is reasonably likely to prevent or disrupt the
collection of information. Additional justification is contained in
the Supporting Statement and other supplementary documents uploaded
into this ICR.
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.