Consolidated Reports of
Condition and Income (Call Report)
Revision of a currently approved collection
No
Regular
05/25/2021
Requested
Previously Approved
36 Months From Approved
03/31/2024
12,836
13,052
513,802
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.
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
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
The proposed revisions to the
Call Reports implement the FDIC’s amendments to the deposit
insurance assessment system, effective with the June 30, 2021,
report date, and the exclusion of sweep deposits and certain other
deposits from reporting as brokered deposits, effective with the
September 30, 2021, report date.
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 051 Consolidated Report of Condition and Income (Call Report) for Bank with Domestic Offices Only and Total Assets Less than $5 Billion - FFIEC 051
SPST 0052 Call Report Revisions Assessments, Brokered Deposits and Sweeps.docx
FR2 0052 Call Reports Brokered Deposits NSFR 86 FR 27961 May 24, 2021.pdf
Consolidated Report of Condition and Income (Call Report) for Bank with Domestic Offices Only and Total Assets Less than $5 Billion - FFIEC 051