Agency Information Collection Activities; Submission for OMB Review; Comment Request
| Published date | 18 February 2021 |
| Citation | 86 FR 10157 |
| Record Number | 2021-03210 |
| Section | Notices |
| Court | Federal Deposit Insurance Corporation,Federal Reserve System,The Comptroller Of The Currency Office,Treasury Department |
Federal Register, Volume 86 Issue 31 (Thursday, February 18, 2021)
[Federal Register Volume 86, Number 31 (Thursday, February 18, 2021)]
[Notices]
[Pages 10157-10160]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-03210]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities; Submission for OMB
Review; Comment Request
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury;
Board of Governors of the Federal Reserve System (Board); and Federal
Deposit Insurance Corporation (FDIC).
ACTION: Joint notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: In accordance with the requirements of the Paperwork Reduction
Act of 1995 (PRA), the OCC, the Board, and the FDIC (the agencies) may
not conduct or sponsor, and the respondent is not required to respond
to, an information collection unless it displays a currently valid
Office of Management and Budget (OMB) control number. On November 30,
2020, the agencies, under the auspices of the Federal Financial
Institutions Examination Council (FFIEC), requested public comment for
60 days on a proposal to revise and extend the
[[Page 10158]]
Consolidated Reports of Condition and Income (Call Reports) (FFIEC 031,
FFIEC 041, and FFIEC 051), which are currently approved collections of
information. The agencies' proposal addressed measurement dates of
total asset thresholds associated with the reporting of certain data in
the Call Reports. The comment period for the November 2020 notice ended
on January 29, 2021. After considering the comments received on the
notice, the agencies are proceeding with the proposed revisions to the
reporting forms and instructions for the Call Reports related to the
agencies' asset-size thresholds rulemaking. The agencies hereby give
notice of their plan to submit to OMB a request to approve the revision
and extension of these information collections, and again invite
comment on the renewal.
DATES: Comments must be submitted on or before March 22, 2021.
ADDRESSES: Interested parties are invited to submit written comments to
any or all of the agencies. All comments, which should refer to the
``Temporary Call Report Threshold Revisions,'' will be shared among the
agencies.
Written comments and recommendations for the proposed information
collections should be sent within 30 days of publication of this notice
to www.reginfo.gov/public/do/PRAMain. You may find these particular
information collections by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
Comments should also be sent to:
OCC: You may submit comments, which should refer to ``Temporary
Call Report Threshold Revisions,'' by any of the following methods:
Email: [email protected].
Mail: Chief Counsel's Office, Office of the Comptroller of
the Currency, Attention: 1557-0081 and 1557-0239, 400 7th Street SW,
Suite 3E-218, Washington, DC 20219.
Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Instructions: You must include ``OCC'' as the agency name and
``1557-0081'' in your comment. In general, the OCC will publish
comments on www.reginfo.gov without change, including any business or
personal information provided, such as name and address information,
email addresses, or phone numbers. Comments received, including
attachments and other supporting materials, are part of the public
record and subject to public disclosure. Do not include any information
in your comment or supporting materials that you consider confidential
or inappropriate for public disclosure.
You may review comments and other related materials that pertain to
this information collection beginning on the date of publication of the
second notice for this collection by the following method:
Viewing Comments Electronically: Go to www.reginfo.gov.
Click on the ``Information Collection Review'' tab. Underneath the
``Currently under Review'' section heading, from the drop-down menu
select ``Department of Treasury'' and then click ``submit.'' This
information collection can be located by searching by OMB control
number ``1557-0081.'' Upon finding the appropriate information
collection, click on the related ``ICR Reference Number.'' On the next
screen, select ``View Supporting Statement and Other Documents'' and
then click on the link to any comment listed at the bottom of the
screen.
For assistance in navigating www.reginfo.gov, please
contact the Regulatory Information Service Center at (202) 482-7340.
Board: You may submit comments, which should refer to ``Temporary
Call Report Threshold Revisions,'' by any of the following methods:
Agency website: http://www.federalreserve.gov. Follow the
instructions for submitting comments at: http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
Email: [email protected]. Include
``Temporary Call Report Threshold Revisions'' in the subject line of
the message.
Fax: (202) 452-3819 or (202) 452-3102.
Mail: Ann E. Misback, Secretary, Board of Governors of the
Federal Reserve System, 20th Street and Constitution Avenue NW,
Washington, DC 20551.
All public comments are available on the Board's website at https://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted,
unless modified for technical reasons. Accordingly, your comments will
not be edited to remove any identifying or contact information.
FDIC: You may submit comments, which should refer to ``Temporary
Call Report Threshold Revisions,'' by any of the following methods:
Agency website: https://www.fdic.gov/regulations/laws/federal/. Follow the instructions for submitting comments on the FDIC's
website.
Federal eRulemaking Portal: https://www.regulations.gov.
Follow the instructions for submitting comments.
Email: [email protected]. Include ``Temporary Call Report
Threshold Revisions'' in the subject line of the message.
Mail: Manuel E. Cabeza, Counsel, Attn: Comments, Room MB-
3128, Federal Deposit Insurance Corporation, 550 17th Street NW,
Washington, DC 20429.
Hand Delivery: Comments may be hand delivered to the guard
station at the rear of the 550 17th Street Building (located on F
Street) on business days between 7:00 a.m. and 5:00 p.m.
Public Inspection: All comments received will be posted
without change to https://www.fdic.gov/regulations/laws/federal/
including any personal information provided. Paper copies of public
comments may be requested from the FDIC Public Information Center by
telephone at (877) 275-3342 or (703) 562-2200.
FOR FURTHER INFORMATION CONTACT: For further information about the
proposed revisions to the information collections discussed in this
notice, please contact any of the agency staff whose names appear
below. In addition, copies of the report forms for the Call Reports can
be obtained at the FFIEC's website (https://www.ffiec.gov/ffiec_report_forms.htm).
OCC: Kevin Korzeniewski, Counsel, Chief Counsel's Office, (202)
649-5490.
Board: Nuha Elmaghrabi, Federal Reserve Board Clearance Officer,
(202) 452-3884, Office of the Chief Data Officer, Board of Governors of
the Federal Reserve System, 20th and C Streets NW, Washington, DC
20551. Telecommunications Device for the Deaf (TDD) users may call
(202) 263-4869.
FDIC: Manuel E. Cabeza, Counsel, (202) 898-3767, Legal Division,
Federal Deposit Insurance Corporation, 550 17th Street NW, Washington,
DC 20429.
SUPPLEMENTARY INFORMATION:
Table of Contents
I. Report Summary
II. Current Actions
A. Background
B. Comments Received on the Proposed Call Report Revisions
III. Timing
IV. Request for Comment
I. Report Summary
The agencies propose to extend for three years, with revision, the
FFIEC 031, FFIEC 041, and FFIEC 051 Call Reports.
Report Title: Consolidated Reports of Condition and Income.
Form Number: FFIEC 031 (Consolidated Reports of Condition and
Income for a Bank with Domestic and Foreign Offices), FFIEC 041
(Consolidated Reports of Condition and
[[Page 10159]]
Income for a Bank with Domestic Offices Only), and FFIEC 051
(Consolidated Reports of Condition and Income for a Bank with Domestic
Offices Only and Total Assets Less Than $5 Billion).
Frequency of Response: Quarterly.
Affected Public: Business or other for-profit.
Type of Review: Revision and extension of currently approved
collections.
OCC
OMB Control No.: 1557-0081.
Estimated Number of Respondents: 1,111 national banks and federal
savings associations.
Estimated Average Burden per Response: 41.92 burden hours per
quarter to file.
Estimated Total Annual Burden: 186,292 burden hours to file.
Board
OMB Control No.: 7100-0036.
Estimated Number of Respondents: 739 state member banks.
Estimated Average Burden per Response: 45.40 burden hours per
quarter to file.
Estimated Total Annual Burden: 134,202 burden hours to file.
FDIC
OMB Control No.: 3064-0052.
Estimated Number of Respondents: 3,263 insured state nonmember
banks and state savings associations.
Estimated Average Burden per Response: 39.96 burden hours per
quarter to file.
Estimated Total Annual Burden: 521,558 burden hours to file.
The estimated average burden hours collectively reflect the
estimates for the FFIEC 031, the FFIEC 041, and the FFIEC 051 reports
for each agency. When the estimates are calculated by type of report
across the agencies, the estimated average burden hours per quarter are
85.81 (FFIEC 031), 55.20 (FFIEC 041), and 35.27 (FFIEC 051). The
agencies believe the change to the measurement date for the total asset
thresholds used to determine additional reporting requirements for
report dates in 2021 only described in this notice will not result in a
change in the burden estimates currently approved by OMB. These
estimates do not include increases in burden for report dates in 2021
that would have resulted from institutions growing above asset
thresholds within the Call Report because these institutions would now
be afforded threshold relief. Instead, the agencies periodically
reevaluate their burden estimates based on the data items that are
regularly completed by institutions. Therefore, the burden estimates
for these reports would remain the same if these revisions are
finalized. The estimated burden per response for the quarterly filings
of the Call Report is an average that varies by agency because of
differences in the composition of the institutions under each agency's
supervision (e.g., size distribution of institutions, types of
activities in which they are engaged, and existence of foreign
offices).
Type of Review: Extension and revision of currently approved
collections.
Legal Basis and Need for Collections
The Call Report information collections are mandatory: 12 U.S.C.
161 (national banks), 12 U.S.C. 324 (state member banks), 12 U.S.C.
1817 (insured state nonmember commercial and savings banks), and 12
U.S.C. 1464 (federal and state savings associations). At present,
except for selected data items and text, these information collections
are not given confidential treatment.
Banks and savings associations submit Call Report data to the
agencies 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 data serve a regulatory or public
policy purpose by assisting the agencies in fulfilling their shared
missions of ensuring the safety and soundness of financial institutions
and the financial system and protecting consumer financial rights, as
well as agency-specific missions affecting national and state-chartered
institutions, such as conducting monetary policy, ensuring financial
stability, and administering federal deposit insurance. Call Reports
are the source of the most current statistical data available for
identifying areas of focus for on-site and off-site examinations. Among
other purposes, the agencies use Call Report data in evaluating
institutions' corporate applications, including interstate merger and
acquisition applications for which the agencies are required by law to
determine whether the resulting institution would control more than 10
percent of the total amount of deposits of insured depository
institutions in the United States. Call Report data also are used to
calculate institutions' deposit insurance assessments and national
banks' and federal savings associations' semiannual assessment fees.
II. Current Actions
A. Background
On November 30, 2020, the agencies proposed revisions to the Call
Reports \1\ to implement their assets-size threshold interim final rule
(IFR).\2\ The IFR adjusted the total asset measurement dates for
eligibility to use the FFIEC 051 Call Report \3\ and the community bank
leverage ratio (CBLR) framework to measure regulatory capital.\4\ In
addition to reflecting these regulatory changes, the agencies proposed
Call Report revisions to permit an institution to use the lesser of the
total consolidated assets reported in its Call Report as of December
31, 2019, or June 30, 2020, when determining whether the institution
has crossed a total asset threshold to report certain additional data
items in its Call Reports for report dates in calendar year 2021.
---------------------------------------------------------------------------
\1\ 85 FR 76658 (Nov. 30, 2020).
\2\ 85 FR 77345 (Dec. 2, 2020).
\3\ See 12 CFR 52.2 (OCC); 12 CFR 208.121 (Board); 12 CFR 304.12
(FDIC).
\4\ See 12 CFR 3.12 (OCC); 12 CFR 217.12 (Board); 12 CFR 324.12
(FDIC).
---------------------------------------------------------------------------
The comment period for the November 2020 notice ended on January
29, 2021.
B. Comments Received on the Proposed Call Report Revisions
The agencies received comments on these proposed Call Report
revisions from one trade association. While the commenter supported the
temporary change in measurement date for certain Call Report
thresholds, the commenter asked the agencies to raise the eligibility
threshold to file the FFIEC 051 from $5 billion to $10 billion in total
assets.
The agencies have adopted rules establishing criteria for
eligibility to use the FFIEC 051 Call Report.\5\ The current FFIEC 051
Call Report instructions permit an institution to file the FFIEC 051
Call Report if it meets certain criteria consistent with those rules.
One criterion, consistent with Section 205 of the Economic Growth,
Regulatory Relief, and Consumer Protection Act, is that an institution
must have total consolidated assets of less than $5 billion in its Call
Report as of June 30, 2020, when evaluating eligibility to use the
FFIEC 051 Call Report for report dates in calendar year 2021. Due to
rapid, short-term growth in assets by some institutions in 2020, which
was in part driven by their participation in various coronavirus
disease 2019 related relief programs, the agencies issued an IFR to
temporarily adjust the total asset
[[Page 10160]]
measurement dates for FFIEC 051 Call Report eligibility,\6\ and the
agencies proposed conforming changes to the Call Report instructions.
However, the IFR did not modify the total consolidated assets FFIEC 051
eligibility criteria of less than $5 billion contained in the rule's
definition of covered depository institution. The agencies intend for
the Call Report instructions to be consistent with the rule's
definition of covered depository institutions.
---------------------------------------------------------------------------
\5\ See definition of covered depository institutions. 12 CFR
52.2 (OCC); 12 CFR 208.121 (Board); 12 CFR 304.12 (FDIC).
\6\ An institution must still meet the other criteria for
eligibility for the FFIEC 051 in the Call Report instructions.
---------------------------------------------------------------------------
In addition to the comments received on the proposed Call Report
revisions, the agencies received comments on their IFR. In order to
implement reporting changes related to the IFR so that they are
effective for the March 31, 2021, Call Report, the agencies must
publish this notice in advance of concluding their review of comments
on the IFR. Therefore, if any potential changes to the IFR would affect
the Call Report, the agencies would publish for comment any associated
revisions to the Call Report through the standard PRA process, as
appropriate.
After considering the comments, the agencies are proceeding with
the changes to the Call Reports as proposed.
The agencies also received a question from a Call Report software
provider seeking clarification of the total asset amounts reported and
used in calculations related to certain qualifying eligibility criteria
for the CBLR. Generally, the Call Report instructions direct an
institution to report total assets as reported in Schedule RC, item 12,
in Schedule RC-R, Part I, item 32, ``Total assets,'' and use that total
asset amount for other calculations in Schedule RC-R, Part I. An
institution that is eligible for and elects to use the CBLR framework
pursuant to the agencies' IFR would report the lesser of its total
assets reported in Schedule RC, item 12, as of December 31, 2019, or as
of the current quarter-end report date in Schedule RC-R, Part I, item
32. However, the agencies are clarifying that an institution should
continue to use its total assets as reported in Schedule RC, item 12,
as of the current quarter-end report date when reporting other
qualifying criteria for the CBLR framework, i.e., the sum of trading
assets and trading liabilities as a percentage of total assets in
Schedule RC-R, item 33, column B, and total off-balance sheet exposures
as a percentage of total assets in Schedule RC-R, Part I, item 34.d,
column B.
III. Timing
As stated in the November 2020 notice, the agencies propose to
permit an institution to use the lesser of the total consolidated
assets reported in its Call Report as of December 31, 2019, or June 30,
2020, when determining its eligibility to file the FFIEC 051 Call
Report and whether the institution has crossed a total asset threshold
that requires the reporting of certain additional data items in its
Call Reports (FFIEC 031, FFIEC 041, or FFIEC 051, as applicable) for
report dates in calendar year 2021. The agencies are proposing this
relief for calendar year 2021 only.
In addition, for report dates after the effective date of the
agencies' asset thresholds rule through December 31, 2021, institutions
that elect to use the CBLR framework would report CBLR information in
Call Report Schedule RC-R, Part I, as reflected in the Call Report
instruction book, except that item 32 (Total assets) on that schedule
should reflect the lesser of the institution's total assets as of
December 31, 2019, or as of the current quarter-end report date and
other qualifying criteria reported on that schedule based on
percentages of total assets should use the total assets as of the
current quarter-end report date.
IV. Request for Comment
Public comment is requested on all aspects of this joint notice.
Comment is specifically invited on:
(a) Whether the proposed revisions to the collections of
information that are the subject of this notice are necessary for the
proper performance of the agencies' functions, including whether the
information has practical utility;
(b) The accuracy of the agencies' estimates of the burden of the
information collections as they are proposed to be revised, including
the validity of the methodology and assumptions used;
(c) Ways to enhance the quality, utility, and clarity of the
information to be collected;
(d) Ways to minimize the burden of information collections on
respondents, including through the use of automated collection
techniques or other forms of information technology; and
(e) Estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Comments submitted in response to this joint notice will be shared
among the agencies.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on or about February 10, 2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021-03210 Filed 2-17-21; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P
