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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
1557-0081
ICR Reference No:
201111-1557-003
Status:
Historical Active
Previous ICR Reference No:
201106-1557-001
Agency/Subagency:
TREAS/OCC
Agency Tracking No:
Title:
Reports of Condition and Income (Interagency Call Report)
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
02/07/2012
Retrieve Notice of Action (NOA)
Date Received in OIRA:
12/12/2011
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
02/28/2015
36 Months From Approved
08/31/2014
Responses
8,776
0
9,028
Time Burden (Hours)
560,181
0
571,302
Cost Burden (Dollars)
0
0
0
Abstract:
Institutions submit Call Report and TFR data to the agencies (OCC, FRB, FDIC)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 and TFR data provide the most current statistical data available for evaluating institutions' corporate applications, identifying areas of focus for both on-site and off-site examinations, and monetary and other public policy purposes. The agencies use the 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. The data is also used to calculate all institutions' deposit insurance and Financing Corporation assessments, and assessment fees. In June 2011, the agencies' received emergency clearances to implement the assessment-related reporting revisions to the Call Report and the Thrift Financial Report (TFR) effective as of the June 30, 2011 report date. OMB's emergency approval extends through the December 31, 2011 report date. The agencies are now seeking regular clearance for the collections. Pursuant to comments received, the transition guidance for reporting subprime consumer loans and securities and leveraged loans and securities by large and highly complex institutions under the emergency clearance has been extended to 4/1/12. The FDIC decided to review the subprime and leveraged loan definitions from its final assessments rule to determine if changes to the definitions could alleviate concerns without sacrificing accuracy in risk differentiation for deposit insurance pricing purposes. The instructions for reporting subprime and leveraged loans and securities for assessment purposes in regulatory reports will be conformed to any revised definitions in the FDIC's assessment regulations resulting from the FDIC's review process, including any necessary rulemaking.
Authorizing Statute(s):
US Code:
12 USC 1 et seq.
Name of Law: National Bank Act
US Code:
12 USC 1464
Name of Law: Homeowners Loan Act
Citations for New Statutory Requirements:
US Code: 12 USC 1 et seq. Name of Law: National Banking Act
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
76 FR 44987
07/27/2011
30-day Notice:
Federal Register Citation:
Citation Date:
76 FR 77315
12/12/2011
Did the Agency receive public comments on this ICR?
Yes
Number of Information Collection (IC) in this ICR:
2
IC Title
Form No.
Form Name
(MA)-Reports of Condition and Income (Interagency Call Report)
Schedule RC-O FFIEC 041, Schedule RC-O FFIEC 041, FFIEC 041, FFIEC 031
Consolidated Reports of Condition and Income for a Bank with Domestic and Foreign Offices
,
Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only
,
Schedule RC-O - Other Data for Deposit Insurance and FICO Assessments
,
Schedule RC-O - Other Data for Deposit Insurance and FICO Assessments
System Conversion
ICR Summary of Burden
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
8,776
9,028
0
0
-252
0
Annual Time Burden (Hours)
560,181
571,302
0
6,292
-17,413
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Miscellaneous Actions
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
There was an increase in the burden per respondent and a decrease in the number of respondents, resulting in an overall decrease in burden. The increase was due to the change in requirements and the decrease was due to the lower number of regulated institutions.
Annual Cost to Federal Government:
$0
Does this IC contain surveys, censuses, or employ statistical methods?
No
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
Yes
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Juan Marroquin 202 874-3371
Common Form ICR:
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:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(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;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
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.
Certification Date:
12/12/2011
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