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OMB Control No: 3064-0052	ICR Reference No: 201106-3064-001
Status: Historical Active	Previous ICR Reference No: 201012-3064-015
Agency/Subagency: FDIC	Agency Tracking No: FFIEC031/FFIEC041
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: 06/21/2011
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/17/2011
Retrieve Notice of Action (NOA)	Date Received in OIRA: 06/16/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2011	6 Months From Approved	03/31/2014
Responses	18,748	0	18,852
Time Burden (Hours)	758,732	0	761,998
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. Section 331(b) of the Dodd-Frank Act required the FDIC to amend its regulations to redefine the assessment base used for calculating deposit insurance assessments as average consolidated total assets minus average tangible equity. In order for the FDIC to calculate deposit insurance assessments under the final rule implementing Section 331(b) of the Dodd-Frank Act and the revised large institution assessment system, the FDIC needs certain information not currently collected from insured depository institutions. The best method for obtaining this information would be through revisions to the current collections of information. These revisions involve the addition of new items to be completed by all insured depository institutions to support the measurement of the redefined assessment base, as well as new items applicable only to institutions subject to the revised large institution assessment system that will be used as inputs to the scorecard measures that determine the initial base assessment rates for these institutions. These new items would be added to these information collections effective June 30, 2011, the first quarter-end report date following the effective date of the FDIC's February 2011 final rule amending its assessment regulations. On March 16, 2011, the agencies published an initial 60-day PRA Federal Register notice in which they requested comment on proposed revisions to these regulatory reports that would provide the data needed by the FDIC to implement the provisions of the February 2011 final rule beginning with the June 30, 2011, report date. The new data items proposed in the initial PRA notice were linked to specific requirements in the FDIC's amended assessment regulations. The draft instructions for these proposed new items incorporated the definitions in and other provisions of these regulations. Accordingly, the FDIC and the other agencies did not anticipate receiving material comments on the reporting changes proposed in their March 2011 initial PRA notice. However, commenters stated that institutions generally do not maintain data on these loans in the manner in which these two loan categories are defined for assessment purposes in the FDIC's final rule, or do not have the ability to capture the prescribed data to enable them to identify these loans in time to file their regulatory reports for the June 30, 2011, report date. This unanticipated outcome at the end of the public comment process for the agencies' March 2011 initial PRA notice led the FDIC to consider and adopt reporting approaches that addressed institutions' concerns about their ability to identify loans meeting the subprime and leveraged loan definitions in the FDIC's assessments final rule, while also meeting the objectives of the revised large institution assessment system.

Emergency Justfication: The unanticipated outcome at the end of the public comment process for the agencies March 2011 initial 60-day PRA notice required the FDIC to consider possible reporting approaches that would address institutions concerns about their ability to identify loans meeting the subprime and leveraged loan definitions in the FDICs assessments final rule, while also meeting the objectives of the revised large institution assessment system. However, the consequence of the unexpected need to develop and reach agreement on a workable transition approach for identifying loans that are to be reported as subprime or leveraged for assessment purposes is that the agencies use of normal clearance procedures for the assessment-related reporting changes to the Call Report, TFR, and FFIEC 002/002S reports is reasonably likely to prevent or disrupt the initial collection of these new assessment data as of the June 30, 2011, report date as called for under the FDICs final rule. Absent OMB approval to implement these reporting changes as of June 30, 2011, community banks will experience a delay in the shifting of a portion of the overall deposit insurance assessment burden away from them, which was the intent of Section 331(b) of the Dodd-Frank Act.

Authorizing Statute(s): US Code: 12 USC 1817(a) Name of Law: Federal Deposit Insurance Act

Citations for New Statutory Requirements: US Code: 12 USC 1817(a) Name of Law: Dodd-Frank 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 14460	03/16/2011
Did the Agency receive public comments on this ICR? Yes

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 031	FFIEC 031 RC-0 , FFIEC 031 RC-0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Adjustment in Estimate
Annual Number of Responses	18,748	18,852	0	-104
Annual Time Burden (Hours)	758,732	761,998	938	-4,204
Annual Cost Burden (Dollars)	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 change in burden associated with this request for emergency clearance is caused by two factors: (1) the FDIC's implementation of a final rule adopted February 7, 2011, that (a) redefines the assessment base for insured depository institutions in accordance with Section 31(b) of the Dodd-Frank Act and (b) revises the system used to set assessment rates for "large institutions" and "highly complex institutions" by using a scorecard that combines CAMELS ratings and certain forward-looking financial measures to assess the risk such institutions pose to the DIF, and (2) a net decrease in the number of reporting institutions supervised by the FDIC. Currently, there are 4,687 FDIC-supervised banks submitting quarterly Call Reports. This number is 26 less than previously reported (4,713 previously versus 4,687 now). Because of the extremely small number of FDIC-supervised banks that are large or highly complex institutions for assessment purposes in comparison to the overall number of FDIC-supervised banks, the FDIC estimates that the overall effect of the proposed assessment-related reporting revisions across the range of banks under its supervision would be an average increase of 0.05 hours per response. The analysis of the change in burden is as follows: Currently-approved burden: 761,998 hours Revisions to assessment-related data (program change): +938 hours Adjustment (change in estimate): -4,204 hours Requested (new) burden: 758,732 hours Net change in burden: -3,266 hours

Annual Cost to Federal Government:

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: Gary Kuiper 202 898-3877 gkuiper@fdic.gov

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