Proposed Agency Information Collection Activities; Comment Request, 54227-54230 [2010-21538]

Agencies

• FEDERAL DEPOSIT INSURANCE CORPORATION
• FEDERAL RESERVE SYSTEM
• Office of the Comptroller of the Currency
• DEPARTMENT OF THE TREASURY
• Office of Thrift Supervision
• Comptroller of the Currency

[Federal Register Volume 75, Number 171 (Friday, September 3, 2010)]
[Notices]
[Pages 54227-54230]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-21538]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

FEDERAL RESERVE SYSTEM

FEDERAL DEPOSIT INSURANCE CORPORATION

DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Proposed Agency Information Collection Activities; Comment 
Request

AGENCIES: Office of the Comptroller of the Currency (OCC), Treasury; 
Board of Governors of the Federal Reserve System (Board); Federal 
Deposit Insurance Corporation (FDIC); and Office of Thrift Supervision 
(OTS), Treasury.

ACTION: Joint notice and request for comment.

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SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act (PRA) of 1995 (44 U.S.C. chapter 35), the OCC, the Board, the FDIC, 
and the OTS (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. The Federal Financial Institutions Examination 
Council (FFIEC), of which the agencies are members, has approved the 
agencies' publication for public comment of a proposal to revise the 
Consolidated Reports of Condition and Income (Call Report) for banks, 
the Thrift Financial Report (TFR) for savings associations, the Report 
of Assets and Liabilities of U.S. Branches and Agencies of Foreign 
Banks (FFIEC 002), and the Report of Assets and Liabilities of a Non-
U.S. Branch that is Managed or Controlled by a U.S. Branch or Agency of 
a Foreign (Non-U.S.) Bank (FFIEC 002S), all of which are currently 
approved collections of information. At the end of the comment period, 
the comments and recommendations received will be analyzed to determine 
the extent to which the FFIEC and the agencies should modify the 
proposed revisions prior to giving final approval. The agencies will 
then submit the revisions to OMB for review and approval.

DATES: Comments must be submitted on or before November 2, 2010.

ADDRESSES: Interested parties are invited to submit written comments to 
any or all of the agencies. All comments, which should refer to the OMB 
control number(s), will be shared among the agencies.
    OCC: You should direct all written comments to: Communications 
Division, Office of the Comptroller of the Currency, Public Information 
Room, Mailstop 2-3, Attention: 1557-0081, 250 E Street, SW., 
Washington, DC 20219. In addition, comments may be sent by fax to (202) 
874-5274, or by electronic mail to regs.comments@occ.treas.gov. You may 
personally inspect and photocopy comments at the OCC, 250 E Street, 
SW., Washington, DC 20219. For security reasons, the OCC requires that 
visitors make an appointment to inspect comments. You may do so by 
calling (202) 874-4700. Upon arrival, visitors will be required to 
present valid government-issued photo identification and to submit to 
security screening in order to inspect and photocopy comments.
    Board: You may submit comments, which should refer to 
``Consolidated Reports of Condition and Income (FFIEC 031 and 041)'' or 
``Report of Assets and Liabilities of U.S. Branches and Agencies of 
Foreign Banks (FFIEC 002) and Report of Assets and Liabilities of a 
Non-U.S. Branch that is Managed or Controlled by a U.S. Branch or 
Agency of a Foreign (Non-U.S.) Bank (FFIEC 002S),'' by any of the 
following methods:
     Agency Web Site: https://www.federalreserve.gov. Follow the 
instructions for submitting comments on the https://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
     Federal eRulemaking Portal: https://www.regulations.gov. 
Follow the instructions for submitting comments.
     E-mail: regs.comments@federalreserve.gov. Include 
reporting form number in the subject line of the message.
     FAX: (202) 452-3819 or (202) 452-3102.
     Mail: Jennifer J. Johnson, Secretary, Board of Governors 
of the Federal Reserve System, 20th Street and

[[Page 54228]]

Constitution Avenue, NW., Washington, DC 20551.
    All public comments are available from the Board's Web site at 
https://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as 
submitted, unless modified for technical reasons. Accordingly, your 
comments will not be edited to remove any identifying or contact 
information. Public comments may also be viewed electronically or in 
paper in Room MP-500 of the Board's Martin Building (20th and C 
Streets, NW.) between 9 a.m. and 5 p.m. on weekdays.
    FDIC: You may submit comments, which should refer to ``Consolidated 
Reports of Condition and Income, 3064-0052,'' by any of the following 
methods:
     Agency Web Site: https://www.fdic.gov/regulations/laws/federal/propose.html. Follow the instructions for submitting comments 
on the FDIC Web site.
     Federal eRulemaking Portal: https://www.regulations.gov. 
Follow the instructions for submitting comments.
     E-mail: comments@FDIC.gov. Include ``Consolidated Reports 
of Condition and Income, 3064-0052'' in the subject line of the 
message.
     Mail: Gary A. Kuiper, (202) 898-3877, Counsel, Attn: 
Comments, Room F-1072, 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 a.m. and 5 p.m.
    Public inspection: All comments received will be posted without 
change to https://www.fdic.gov/regulations/laws/federal/propose.html 
including any personal information provided. Comments may be inspected 
at the FDIC Public Information Center, Room E-1002, 3501 Fairfax Drive, 
Arlington, VA 22226, between 9 a.m. and 5 p.m. on business days.
    OTS: You may submit comments, identified by ``1550-0023 (TFR: 
Schedule DI Revisions),'' by any of the following methods:
     Federal eRulemaking Portal: https://www.regulations.gov. 
Follow the instructions for submitting comments.
     E-mail address: infocollection.comments@ots.treas.gov. 
Please include ``1550-0023 (TFR: Schedule DI Revisions)'' in the 
subject line of the message and include your name and telephone number 
in the message.
     Fax: (202) 906-6518.
     Mail: Information Collection Comments, Chief Counsel's 
Office, Office of Thrift Supervision, 1700 G Street, NW., Washington, 
DC 20552, Attention: ``1550-0023 (TFR: Schedule DI Revisions).''
     Hand Delivery/Courier: Guard's Desk, East Lobby Entrance, 
1700 G Street, NW., from 9 a.m. to 4 p.m. on business days, Attention: 
Information Collection Comments, Chief Counsel's Office, Attention: 
``1550-0023 (TFR: Schedule DI Revisions).''
    Instructions: All submissions received must include the agency name 
and OMB Control Number for this information collection. All comments 
received will be posted without change to the OTS Internet Site at 
https://www.ots.treas.gov/pagehtml.cfm?catNumber=67&an=1, including any 
personal information provided.
    Docket: For access to the docket to read background documents or 
comments received, go to https://www.ots.treas.gov/pagehtm1.cfm?catNumber=67&an=1. In addition, you may inspect comments 
at the Public Reading Room, 1700 G Street, NW., by appointment. To make 
an appointment for access, call (202) 906-5922, send an e-mail to 
public.info@ots.treas.gov">public.info@ots.treas.gov, or send a facsimile transmission to (202) 
906-7755. (Prior notice identifying the materials you will be 
requesting will assist us in serving you.) We schedule appointments on 
business days between 10 a.m. and 4 p.m. In most cases, appointments 
will be available the next business day following the date we receive a 
request.
    Additionally, commenters may send a copy of their comments to the 
OMB desk officer for the agencies by mail to the Office of Information 
and Regulatory Affairs, U.S. Office of Management and Budget, New 
Executive Office Building, Room 10235, 725 17th Street, NW., 
Washington, DC 20503, or by fax to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: For further information about the 
revisions discussed in this notice, please contact any of the agency 
clearance officers whose names appear below. In addition, copies of the 
Call Report, FFIEC 002, and FFIEC 002S forms can be obtained at the 
FFIEC's Web site (https://www.ffiec.gov/ffiec_report_forms.htm). 
Copies of the TFR can be obtained from the OTS 's Web site https://www.ots.treas.gov/main.cfm?catNumber=2&catParent=0.
    OCC: Mary Gottlieb, OCC Clearance Officer, (202) 874-5090, 
Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219.
    Board: Michelle E. Shore, Federal Reserve Board Clearance Officer, 
(202) 452-3829, Division of Research and Statistics, 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: Gary A. Kuiper, Counsel, (202) 898-3877, Legal Division, 
Federal Deposit Insurance Corporation, 550 17th Street, NW., 
Washington, DC 20429.
    OTS: Ira L. Mills, OTS Clearance Officer, at 
Ira.Mills@ots.treas.gov, (202) 906-6531, or facsimile number (202) 906-
6518, Regulations and Legislation Division, Chief Counsel's Office, 
Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552.

SUPPLEMENTARY INFORMATION: The agencies are proposing to revise the 
Call Report, the TFR, the FFIEC 002, and the FFIEC 002S, which are 
currently approved collections of information.
    1. Report Title: Consolidated Reports of Condition and Income (Call 
Report).
    Form Number: Call Report: FE IEC 031 (for banks with domestic and 
foreign offices) and FFIEC 041 (for banks with domestic offices only).
    Frequency of Response: Quarterly.
    Affected Public: Business or other for-profit.
    OCC:
    OMB Number: 1557-0081.
    Estimated Number of Respondents: 1,494 national banks.
    Estimated Time per Response: 50.15 burden hours.
    Estimated Total Annual Burden: 299,696 burden hours.
    Board:
    OMB Number: 7100-0036.
    Estimated Number of Respondents: 835 state member banks.
    Estimated Time per Response: 55.54 burden hours.
    Estimated Total Annual Burden: 185,504 burden hours.
    FDIC:
    OMB Number: 3064-0052.
    Estimated Number of Respondents: 4,800 insured state nonmember 
banks.
    Estimated Time per Response: 40.18 burden hours.
    Estimated Total Annual Burden: 771,456 burden hours.
    The estimated time per response for 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). The average reporting burden for the 
Call Report is estimated to range from 16 to 655 hours per quarter, 
depending on an individual institution's circumstances.
    2. Report Title: Thrift Financial Report (TFR).

[[Page 54229]]

    Form Number: OTS 1313 (for savings associations).
    Frequency of Response: Quarterly; Annually.
    Affected Public: Business or other for-profit.
    OTS:
    OMB Number: 1550-0023.
    Estimated Number of Respondents: 753 savings associations.
    Estimated Time per Response: 37.5 burden hours.
    Estimated Total Annual Burden: 179,676 burden hours.
    3. Report Titles: Report of Assets and Liabilities of U.S. Branches 
and Agencies of Foreign Banks; Report of Assets and Liabilities of a 
Non-U.S. Branch that is Managed or Controlled by a U.S. Branch or 
Agency of a Foreign (Non-U.S.) Bank
    Form Numbers: FFIEC 002; FFIEC 002S.
    Board:
    OMB Number: 7100-0032.
    Frequency of Response: Quarterly.
    Affected Public: U.S. branches and agencies of foreign banks.
    Estimated Number of Respondents: FFIEC 002--240; FF1EC 002S--60.
    Estimated Time per Response: FFIEC 002 25.07 hours; FFIEC 002S--6 
hours.
    Estimated Total Annual Burden: FFIEC 002--24,067 hours; FFIEC 
002S--1,440 hours.

General Description of Reports

    These information collections are mandatory: 12 U.S.C. 161 (for 
national banks), 12 U.S.C. 324 (for state member banks), 12 U.S.C. 1817 
(for insured state nonmember commercial and savings banks), 12 U.S.C. 
1464 (for savings associations), and 12 U.S.C. 3105(c)(2), 1817(a), and 
3102(b) (for U.S. branches and agencies of foreign banks). Except for 
selected data items, the call Report, the TFR, and the FFIEC 002 are 
not given confidential treatment. The FFIEC 002S is given confidential 
treatment [5 U.S.C. 552(b)(4)].

Abstracts

    Call Report and TFR: Institutions submit Call Report and TFR 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 and TFR data provide the most 
current statistical data available for evaluating institutions' 
corporate applications, for identifying areas of focus for both on-site 
and off-site examinations, and for monetary and other public policy 
purposes. The agencies use Call Report and TFR 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. Call Report and TFR data are also 
used to calculate all institutions' deposit insurance and Financing 
Corporation assessments, national banks' semiannual assessment fees, 
and the OTS's assessments on savings associations.
    FFIEC 002 and FFIEC 002S: On a quarterly basis, all U.S. branches 
and agencies of foreign banks are required to file the FFIEC 002, which 
is a detailed report of condition with a variety of supporting 
schedules. This information is used to fulfill the supervisory and 
regulatory requirements of the International Banking Act of 1978. The 
data are also used to augment the bank credit, loan, and deposit 
information needed for monetary policy and other public policy 
purposes. The FFIEC 002S is a supplement to the FFIEC 002 that collects 
information on assets and liabilities of any non-U.S. branch that is 
managed or controlled by a U.S. branch or agency of the foreign bank. 
Managed or controlled means that a majority of the responsibility for 
business decisions (including but not limited to decisions with regard 
to lending or asset management or funding or liability management) or 
the responsibility for recordkeeping in respect of assets or 
liabilities for that foreign branch resides at the U.S. branch or 
agency. A separate FFIEC 002S must be completed for each managed or 
controlled non-U.S. branch. The FFIEC 002S must be filed quarterly 
along with the U.S. branch or agency's FFIEC 002. The data from both 
reports are used for: (1) Monitoring deposit and credit transactions of 
U.S. residents; (2) monitoring the impact of policy changes; (3) 
analyzing structural issues concerning foreign bank activity in U.S. 
markets; (4) understanding flows of banking funds and indebtedness of 
developing countries in connection with data collected by the 
Internationa1 Monetary Fund and the Bank for International Settlements 
that are used in economic analysis; and (5) assisting in the 
supervision of U.S. offices of foreign banks. The Federal Reserve 
System collects and processes these reports on behalf of the OCC, the 
Board, and the FDIC.

Current Actions

    The agencies are proposing to add two items to the schedules in the 
Call Report, the TFR, and the FFIEC 002 for collecting data related to 
deposit insurance assessments and to revise the instructions for an 
existing item in these schedules effective December 31, 2010. These 
changes respond to amendments made to the Federal Deposit Insurance Act 
(FDI Act) by Section 343 of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act (Dodd-Frank Act) (Pub. L. 111-203, July 21, 
2010) pertaining to the insurance of transaction accounts.
    In October 2008, the FDIC Board of Directors adopted the 
Transaction Account Guarantee (TAG) program as one of two components of 
a Temporary Liquidity Guarantee Program (TLGP) following a 
determination of systemic risk by the Secretary of the Treasury (after 
consultation with the President) that was supported by recommendations 
from the FDIC and the Board.(1) Under the TAG program the FDIC 
guarantees all funds held at participating insured depository 
institutions (beyond the maximum deposit insurance limit) in qualifying 
noninterest-bearing transaction accounts, which include certain 
interest-bearing NOW accounts.
    (1) To administer the TLGP, the FDIC Board approved an interim rule 
on October 23, 2008, an amendment to the interim rule on November 4, 
2008, and a final rule on November 21, 2008. See 73 FR 64179, October 
29, 2008; 73 FR 66160, November 7, 2008; and 73 FR 72244, November 26, 
2008, respectively.
    The TAG program originally was set to expire on December 31, 2009, 
but it was extended through June 30, 2010, with certain modifications 
to the program, and then extended for another six months through 
December 31, 2010, with the possibility of an additional 12-month 
extension, through December 31, 2011.(2)
    (2) See 74 FR 45093, September 1, 2009; 75 FR 20257, April 19, 
2010; and 75 FR 36506, June 28, 2010.
    Section 343 of the Dodd-Frank Act amends the FDI Act with respect 
to the insurance coverage of noninterest-bearing transaction accounts. 
These amendments take effect December 31, 2010, and require the FDIC to 
``fully insure the net amount that any depositor at an insured 
depository institution maintains in a noninterest-bearing transaction 
account,'' thereby in effect replacing the FDIC's TAG program. Section 
343 includes a definition of ``noninterest-bearing transaction 
account'' that differs from the definition of this term in the FDIC's 
TAG program regulations.(3) In addition, the full insurance coverage of 
these accounts applies to all insured depository institutions, not just 
those institutions that elected to obtain insurance coverage for 
noninterest-bearing transaction accounts through the FDIC's TAG 
program. Under Section 343, the full insurance coverage of

[[Page 54230]]

noninterest-bearing transaction accounts would be in effect through 
December 31, 2012.
    (3) As defined in Section 343, a ``noninterest-bearing transaction 
account'' is an account ``(I) with respect to which interest is neither 
accrued nor paid; (II) on which the depositor or account holder is 
permitted to make withdrawals by negotiable or transferable instrument, 
payment orders of withdrawal, telephone or other electronic media 
transfers, or other similar items for the purpose of making payments or 
transfers to third parties or others; and (III) on which the insured 
depository institution does not reserve the right to require advance 
notice of an intended withdrawal.'' In contrast, under the FDIC's TAG 
program, the term ``noninterest-bearing transaction account'' includes 
not only those accounts within the scope of Section 343 but also 
accounts commonly known as Interest on Lawyers Trust Accounts (or 
functionally equivalent accounts) and negotiable order of withdrawal 
accounts with interest rates no higher than 0.25 percent for which the 
institution at which the account is held has committed to maintain the 
interest rate at or below 0.25 percent.
    As a result of this statutory change in deposit insurance coverage 
for noninterest-bearing transaction accounts, the agencies are 
proposing to add two items to the schedules in the Call Report, the 
TFR, and the FFIEC 002 in which data are collected for deposit 
insurance assessment purposes (Schedule RC-O, Schedule DI, and Schedule 
O, respectively) effective December 31, 2010. As of that report date, 
all insured depository institutions, including those institutions that 
had not elected to participate in the FDIC's TAG program, would begin 
to report the quarter-end amount and number of noninterest-bearing 
transaction accounts (as defined in the Dodd-Frank Act, not as defined 
in the FDIC's TAG program regulations) of more than $250,000. These 
data are needed in order for the FDIC to estimate the quarter-end 
amount of insured deposits for reserve ratio calculation purposes(4) 
and to determine the appropriate level of the Deposit Insurance Fund's 
contingent loss reserve for anticipated failures of insured depository 
institutions. Unless the full insurance coverage of noninterest-bearing 
transaction accounts under Section 343 of the Dodd-Frank Act is 
extended, the two proposed new items would be collected only through 
the December 31, 2012, report date.
    (4) The Deposit Insurance Fund's reserve ratio is the fund's 
balance divided by estimated insured deposits.
    Institutions participating in the FDIC's TAG program should note 
that, for purposes of determining their TAG program assessments for the 
fourth calendar quarter of 2010 (which will be payable on March 30, 
2011), they must complete the existing TAG program data items--Call 
Report Schedule RC-0, Memorandum items 4.a and 4.b; TFR Schedule DI, 
items D1570 and D1575; or FFIEC 002 Schedule 0, Memorandum items 4.a 
and 4.b, as appropriate--for the final time in their reports for 
December 31, 2010. These items capture the average daily amount and 
average daily number for the quarter of qualifying noninterest-bearing 
transaction accounts of more than $250,000 as defined in the FDIC's TAG 
program regulations.(5)
    (5) The reporting of these existing TAG program items as quarterly 
averages, rather than as quarter-end amounts, is subject to OMB 
approval. See 75 FR 45201, August 2, 2010.
    As a result of the full insurance coverage for noninterest-bearing 
transaction accounts as defined in the Dodd-Frank Act effective 
December 31, 2010, the agencies are also proposing to revise the 
instructions for reporting estimated uninsured deposits in Call Report 
Schedule RC-O, Memorandum item 2; TFR Schedule DI, item D1210; and 
FFIEC 002 Schedule O, Memorandum item 2. These items are required to be 
completed by institutions with $1 billion or more in total assets. At 
present, balances in TAG program qualifying noninterest-bearing 
transaction accounts of more than $250,000 are treated as uninsured 
deposits for purposes of reporting estimated uninsured deposits because 
the TAG program was instituted as a component of the TLGP, which 
resulted from a systemic risk determination. Thus, TAG program 
insurance coverage and assessments are separate from the regular 
deposit insurance program administered by the FDIC. Under the Dodd-
Frank Act, the extension of full insurance coverage to noninterest-
bearing transaction accounts at all insured depository institutions 
falls within the FDIC's regular deposit insurance program. Therefore, 
in response to this statutory change in insurance coverage, the 
instructions for reporting estimated uninsured deposits in Call Report 
Schedule RC-0, Memorandum item 2; TFR Schedule DI, item D1210; and 
FFIEC 002 Schedule O, Memorandum item 2, would be revised to indicate 
that balances of more than $250,000 in noninterest-bearing transaction 
accounts (as defined in the Dodd-Frank Act) should be treated as 
insured, rather than uninsured, deposits. Unless the full insurance 
coverage of noninterest-bearing transaction accounts under Section 343 
of the Dodd-Frank Act is extended, this instructional revision would be 
in effect only through the December 31, 2012, report date.

Request for Comment

    Public comment is requested on all aspects of this joint notice. 
Comments are 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. All comments will become a matter of public record.

    Dated: August 24, 2010.
Stuart E. Feldstein,
Assistant Director, Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency.
    Board of Governors of the Federal Reserve System, August 24, 
2010.
Robert deV. Frierson,
Deputy Secretary of the Board.
    Dated at Washington, DC, this 24th day of August, 2010.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
    Dated: August 24, 2010.
Ira L. Mills,
Paperwork Clearance Officer, Office of Chief Counsel, Office of Thrift 
Supervision.

[FR Doc. 2010-21538 Filed 9-2-10; 8:45 am]
BILLING CODE 4810-33-M; 6714-01-M; 6720-01-M; 6210-01-M