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:
200612-3064-003
Status:
Historical Active
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:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Emergency
Approval Requested By:
12/26/2006
OIRA Conclusion Action:
Approved without change
Conclusion Date:
12/29/2006
Retrieve Notice of Action (NOA)
Date Received in OIRA:
12/22/2006
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
06/30/2007
6 Months From Approved
03/31/2009
Responses
20,988
0
20,988
Time Burden (Hours)
735,000
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.
Emergency Justfication:
The Financial Services Regulatory Relief Act, signed into law 10/13/06, eliminates certain insider lending reporting requirements. Some of these requirements have been implemented by the banking agencies through part of the Call Report. At OMB's request, FDIC and the other banking agencies are submitting emergency ICRs to obtain OMB approval to discontinue collecting this insider lending information.
Authorizing Statute(s):
None
Citations for New Statutory Requirements:
PL: Pub.L. 109 - 351 601 Name of Law: Financial Services Regulatory Relief Act of 2006
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 for a Bank with Domestic and Foreign Offices
,
Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only
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
20,988
20,988
0
0
0
0
Annual Time Burden (Hours)
735,000
740,247
-5,247
0
0
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
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 reduction in burden is a program change achieved by eliminating an insider lending reporting requirement of 15 minutes per quarter per respondent.
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:
12/22/2006
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