View Information Collection Request (ICR) Package
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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:
3064-0052
ICR Reference No:
200612-3064-002
Status:
Historical Inactive
Previous ICR Reference No:
200606-3064-004
Agency/Subagency:
FDIC
Agency Tracking No:
Title:
Consolidated Reports of Condition and Income (Call Report)
Type of Information Collection:
No material or nonsubstantive change to a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Improperly submitted and continue
Conclusion Date:
12/14/2006
Retrieve Notice of Action (NOA)
Date Received in OIRA:
12/08/2006
Terms of Clearance:
This dropping of part of an information collection is a substantive change in an existing collection. (This is so despite the fact that the change is mandated by statute and reduces the paperwork burden.) We will be willing to entertain an emergency request for such a revision of the collection.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
03/31/2009
03/31/2009
03/31/2009
Responses
20,988
0
20,988
Time Burden (Hours)
740,247
0
740,247
Cost Burden (Dollars)
0
0
0
Abstract:
Insured financial institutions must provide quarterly reports of condition and income to the appropriate regulatory for supervisory, surveillance, regulatory, research, insurance assessment and informational purposes.
Authorizing Statute(s):
PL:
Pub.L. 109 - 351 601
Name of Law: Financial Services Regulatory Relief Act of 2006
Citations for New Statutory Requirements:
PL: Pub.L. 109 - 351 601 Name of Law: Financial Services Regulatory Relief Act
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Consolidated Reports of Condition and Income (Call Report)
FFIEC-031, FFIEC-041
Consolidated Reports of Condition and Income (Domestic and Foreign)
,
Consolidated Reports of Condition and Income (Domestic only)
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
The Financial Services Regulatory Relief Act of 2006 (P.L. 109-351), signed into law on October 13, 2006, eliminates certain insider lending reporting requirements imposed on insured depository institutions and their insiders. As a result of this new legislation, the banking agencies need to eliminate the last page of these reporting forms. The burden associated with these data are 15 minutes per quarter. As discussed with the OMB desk officer for the banking agencies, the agencies will advise the public of the elimination of the reporting requirement in the final Federal Register notice announcing the proposed changes for 2007. In addition, the agencies will send a letter to financial institutions informing them that the data do not need to be reported effective for the December 31, 2006 as-of date.
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]?
Uncollected
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
Uncollected
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
Uncollected
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Steven Hanft 202-898-3907 shanft@fdic.gov
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:
12/08/2006
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