Consolidated Reports of Condition and Income (Call Report)

ICR 202102-3064-007

OMB: 3064-0052

Federal Form Document

ICR Details
3064-0052 202102-3064-007
Received in OIRA 202011-3064-007
FDIC FFIEC 031/041/051
Consolidated Reports of Condition and Income (Call Report)
Revision of a currently approved collection   No
Regular 02/18/2021
  Requested Previously Approved
36 Months From Approved 12/31/2023
13,052 13,052
521,562 521,562
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.

PL: Pub.L. 115 - 174 205 Name of Law: Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018
   Statute at Large: 134 Stat. 281 Name of Statute: Coronavirus Aid. Relief, and Economic Security Act
   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

  85 FR 76559 11/30/2020
86 FR 10157 02/18/2021
Yes

  Total Request 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 13,052 13,052 0 0 0 0
Annual Time Burden (Hours) 521,562 521,562 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
No
No
Yes
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.
02/18/2021


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