Agency Information Collection Activities: Submission for OMB Review; Joint Comment Request, 67059-67062 [2012-27283]
Download as PDF
<![CDATA[
Federal Register / Vol. 77, No. 217 / Thursday, November 8, 2012 / Notices
Estimated Total Annual Burden: 408
burden hours.
supported the collection of the Foreign
Branch Report of Condition.
FDIC
Request for Comment
OMB Number: 3064–0011.
Estimated Number of Respondents: 12
annual respondents (FFIEC 030), 3
quarterly respondents (FFIEC 030), 11
annual respondents (FFIEC 030S).
Estimated Average Time per
Response: 3.4 burden hours (FFIEC
030), 0.5 burden hours (FFIEC 030S).
Estimated Total Annual Burden: 87
burden hours.
Public comment is requested on all
aspects of this joint notice. Comments
are invited on:
a. Whether the information collection
is necessary for the proper performance
of the agencies’ functions, including
whether the information has practical
utility;
b. The accuracy of the agencies’
estimate of the burden of the
information collection, 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 the
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 the
requested information.
Comments submitted in response to
this notice will be shared among the
agencies. All comments will become a
matter of public record.
General Description of Reports
This information collection is
mandatory: 12 U.S.C. 321, 324, and 602
(Board); 12 U.S.C. 161 and 602 (OCC);
and 12 U.S.C. 1828 (FDIC). This
information collection is given
confidential treatment (5 U.S.C.
552(b)(8)).
Abstract
The FFIEC 030 contains asset and
liability information for foreign
branches of insured U.S. banks and is
required for regulatory and supervisory
purposes. The information is used by
the agencies to analyze the foreign
operations of U.S. banks. All foreign
branches of U.S. banks with total assets
of $50 million or more regardless of
charter type file this report with the
appropriate Federal Reserve District
Bank. The Federal Reserve collects this
information on behalf of the U.S. bank’s
primary federal bank regulatory agency.
The FFIEC 030S contains five data items
that branches with total assets between
$50 million and $250 million file on an
annual basis in lieu of the FFIEC 030
reporting form.
tkelley on DSK3SPTVN1PROD with NOTICES
Current Actions
On July 21, 2011, supervisory
responsibility for federal and statechartered savings associations was
transferred from the former Office of
Thrift Supervision to the OCC and the
FDIC, respectively, pursuant to Title III
of the Dodd-Frank Wall Street Reform
and Consumer Protection Act, Public
Law 111–203. Accordingly, the Foreign
Branch Report of Condition would be
applicable to foreign branches, if any, of
insured U.S. savings associations
beginning as of the December 31, 2012,
report date. No other changes are
proposed to the FFIEC 030 or FFIEC
030S reporting forms or instructions in
connection with the agencies’ request
for approval to extend for three years,
with revision, this collection of
information. The agencies collectively
received one comment on their July 30,
2012, Federal Register initial notice that
VerDate Mar<15>2010
18:34 Nov 07, 2012
Jkt 229001
Dated: November 1, 2012.
Michele Meyer,
Assistant Director, Legislative and Regulatory
Activities Division, Office of the Comptroller
of the Currency.
Board of Governors of the Federal Reserve
System, November 2, 2012.
Robert deV. Frierson,
Secretary of the Board.
Dated at Washington, DC, this 1st day of
November 2012.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2012–27279 Filed 11–7–12; 8:45 am]
BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P
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; Joint Comment Request
Office of the Comptroller of the
Currency (OCC), Treasury; Board of
Governors of the Federal Reserve
AGENCY:
PO 00000
Frm 00109
Fmt 4703
Sfmt 4703
67059
System (Board); and Federal Deposit
Insurance Corporation (FDIC).
ACTION: Notice of information collection
to be submitted to OMB for review and
approval under the Paperwork
Reduction Act of 1995.
In accordance with the
requirements of the Paperwork
Reduction Act (PRA) of 1995 (44 U.S.C.
chapter 35), 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
21, 2011, the agencies, under the
auspices of the Federal Financial
Institutions Examination Council
(FFIEC), requested public comment for
60 days on a proposal to extend, with
revision, the Consolidated Reports of
Condition and Income (Call Report),
which are currently approved
collections of information. After
considering the comments received on
the proposal, the FFIEC and the
agencies announced their final
decisions regarding certain proposed
revisions on February 17, 2012. The
agencies also announced they were
continuing to evaluate two new
proposed Call Report schedules
(Schedule RI–C, Disaggregated Data on
the Allowance for Loan and Lease
Losses, and Schedule RC–U, Loan
Origination Activity (in Domestic
Offices)) in light of the comments
received. The FFIEC and the agencies
have completed their evaluation of
Schedule RI–C and will proceed with a
modified version of the schedule, which
will be completed by institutions with
$1 billion or more in total assets
beginning March 31, 2013. However, the
FFIEC and the agencies are continuing
their evaluation of proposed Schedule
RC–U. The FFIEC’s and the agencies’
decision regarding proposed Schedule
RC–U will be addressed in a future
Federal Register notice, and any
resulting new reporting requirements for
loan origination data will not take effect
before the June 30, 2013, report date.
DATES: Comments must be submitted on
or before December 10, 2012.
ADDRESSES: Interested parties are
invited to submit written comments to
any or all of the agencies on the
revisions to the Call Report for which
the agencies are requesting approval
from OMB. 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
SUMMARY:
E:\FR\FM\08NON1.SGM
08NON1
tkelley on DSK3SPTVN1PROD with NOTICES
67060
Federal Register / Vol. 77, No. 217 / Thursday, November 8, 2012 / Notices
Division, Office of the Comptroller of
the Currency, 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),’’ by any of the following
methods:
• Agency Web Site: https://
www.federalreserve.gov. Follow the
instructions for submitting comments at:
https://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
• Federal eRulemaking Portal: https://
www.regulations.gov. Follow the
instructions for submitting comments.
• Email:
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
Constitution Avenue NW., Washington,
DC 20551.
All public comments are available from
the Board’s Web site at
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 9:00 a.m. and 5:00 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.
VerDate Mar<15>2010
18:34 Nov 07, 2012
Jkt 229001
• Email: comments@FDIC.gov.
Include ‘‘Consolidated Reports of
Condition and Income, 3064–0052’’ in
the subject line of the message.
• Mail: Gary A. Kuiper, Counsel,
Attn: Comments, Room NYA–5046,
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.
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 forms and
instructions can be obtained at the
FFIEC’s Web site (https://www.ffiec.gov/
ffiec_report_forms.htm).
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: Cynthia Ayouch, 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.
SUPPLEMENTARY INFORMATION: The
agencies are proposing to revise and
extend for three years the Call Report,
which is currently an approved
collection of information for each
agency. The burden estimates presented
below are for the Call Report as it is
proposed to be revised effective March
31, 2013.
PO 00000
Frm 00110
Fmt 4703
Sfmt 4703
Report Title: Consolidated Reports of
Condition and Income (Call Report).
Form Number: Call Report: FFIEC 031
(for banks and savings associations with
domestic and foreign offices) and FFIEC
041 (for banks and savings associations
with domestic offices only).
Frequency of Response: Quarterly.
Affected Public: Insured banks and
savings associations.
OCC
OMB Number: 1557–0081.
Estimated Number of Respondents:
1,909 national banks and federal savings
associations.
Estimated Time per Response: 53.76
burden hours per quarter to file.
Estimated Total Annual Burden:
410,511 burden hours to file.
Board
OMB Number: 7100–0036.
Estimated Number of Respondents:
835 state member banks.
Estimated Time per Response: 55.66
burden hours per quarter to file.
Estimated Total Annual Burden:
185,904 burden hours to file.
FDIC
OMB Number: 3064–0052.
Estimated Number of Respondents:
4,531 insured state nonmember banks
and state savings associations.
Estimated Time per Response: 40.56
burden hours per quarter to file.
Estimated Total Annual Burden:
735,109 burden hours to file.
The estimated time 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). The
average reporting burden for the filing of
the Call Report is estimated to range
from 17 to 710 hours per quarter,
depending on an individual institution’s
circumstances.
Type of Review: Revision and
extension of currently approved
collections.
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), and 12 U.S.C. 1464 (for federal
and state savings associations). At
present, except for selected data items,
these information collections are not
given confidential treatment.
E:\FR\FM\08NON1.SGM
08NON1
Federal Register / Vol. 77, No. 217 / Thursday, November 8, 2012 / Notices
Abstract
Institutions 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
provide the most current statistical data
available for evaluating institutions’
corporate applications, identifying areas
of focus for on-site and off-site
examinations, and monetary and other
public policy purposes. The agencies
use Call Report 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 data also are used to
calculate institutions’ deposit insurance
and Financing Corporation assessments
and national banks’ and federal savings
associations’ semiannual assessment
fees.
tkelley on DSK3SPTVN1PROD with NOTICES
Current Actions
On November 21, 2011, the agencies,
under the auspices of the FFIEC,
requested comment on a limited number
of proposed revisions to the Call Report
(76 FR 72035) for implementation in
2012 that were focused primarily on
institutions with $1 billion or more in
total assets. After considering the
comments received, on February 17,
2012, the agencies announced in the
Federal Register (77 FR 9727) the
implementation of reporting changes
and instructional revisions that had
been proposed to take effect March 31,
2012. The agencies also announced the
implementation of revisions to two
existing schedules proposed for
implementation as of June 30, 2012. The
FFIEC and the agencies further stated
they were deferring the implementation
of new Schedule RC–U, Loan
Origination Activity (in Domestic
Offices), and new Schedule RI–C,
Disaggregated Data on the Allowance for
Loan and Lease Losses (ALLL), both of
which were originally proposed to be
added to the Call Report effective June
30, 2012. The FFIEC and the agencies
announced they were continuing to
evaluate these proposed new schedules
in light of the comments received.
The agencies collectively received
comments from eight entities on their
November 21, 2011, Federal Register
notice initially proposing these
revisions: four banking organizations,
two bankers’ associations, a commercial
lending software company, and a news
organization. Three banking
organizations and the two bankers’
VerDate Mar<15>2010
18:34 Nov 07, 2012
Jkt 229001
associations addressed proposed
Schedule RI–C, and all eight
commenters addressed proposed
Schedule RC–U.
Proposed Schedule RI–C—
Commenters expressed the general
concern that the proposed disaggregated
ALLL data in Schedule RI–C are not
aligned with the manner in which
institutions estimate and maintain their
ALLL. Although Financial Accounting
Standards Board (FASB) Accounting
Standards Update No. 2010–20,
Disclosures about the Credit Quality of
Financing Receivables and the
Allowance for Credit Losses (ASU
2010–20), requires entities to disclose
the ALLL at the portfolio segment level,
institutions define segments differently
than proposed for Schedule RI–C.
According to the commenters,
modifying systems to report ALLL
information categorized as proposed
would be costly and necessitate
significant lead time, up to nine months,
to implement. One commenter also
recommended increasing the asset size
threshold for institutions to report this
schedule, proposed to be collected from
institutions with $1 billion or more in
total assets, to $5 billion or $10 billion
in total assets.
Two commenters recommended a
more streamlined approach requiring
disclosure of fewer loan categories,
thereby allowing the Agencies to
achieve their stated objective and permit
institutions to report data consistently
with the business models and
methodologies used to estimate their
ALLL. One of these commenters
recommended collapsing the proposed
nine loan categories and collecting
ALLL and the related recorded
investment amounts by impairment
measurement method for only three
segments: consumer credit cards, all
other consumer loans, and commercial
loans. The second commenter
recommended reporting ALLL and the
related recorded investment amounts by
impairment measurement method for
five loan categories: commercial real
estate, residential real estate,
commercial, credit cards, and other
consumer. The second commenter also
favored retaining the reporting of any
unallocated portion of the ALLL as had
been proposed.1 Implicit in both of
these commenters’ recommendations is
the concept that the definitions for the
loan categories in Schedule RI–C should
be those the reporting institution uses in
its ALLL methodology rather than those
1 Another commenter stated that it fully
supported this commenter’s recommendations.
PO 00000
Frm 00111
Fmt 4703
Sfmt 4703
67061
specified in Call Report Schedule RC–C,
part I, Loans and Leases.
After consideration of the comments
received on the proposed disaggregation
of ALLL information, the FFIEC and the
agencies have decided to modify
proposed Schedule RI–C to collect
ALLL and the related recorded
investment amounts by impairment
measurement method for the loan
categories (and any unallocated portion
of the ALLL) based on the second
approach described in the preceding
paragraph, but with the addition of a
loan category for real estate construction
loans. The agencies consider it
appropriate to segregate construction
loans from other commercial real estate
loans because the risk characteristics of
the former differ significantly from
those of the latter. The agencies believe
this more streamlined approach to
proposed Schedule RI–C, including its
use of general loan categories rather
than specifically defined categories,
would be more consistent with the
methodologies institutions currently
employ in determining the appropriate
level for their overall ALLL and meeting
the disclosure requirements of ASU
2010–20. At the same time, the data that
would be reported in Schedule RI–C, as
modified, should be sufficient to enable
the agencies to more finely focus their
analyses related to the composition of
an institution’s ALLL and the changes
therein over time. In this regard, to aid
in evaluating the appropriateness of the
reported level of an institution’s ALLL
(for example, in periods between
examinations and when planning for
examinations), the disaggregated ALLL
data by loan category could be reviewed
in conjunction with the past due and
nonaccrual loan data used in general
assessments of the credit quality of an
institution’s loan portfolio. These credit
quality data are currently reported for
broadly similar, but not identical, loan
categories in Call Report Schedule RC–
N, Past Due and Nonaccrual Loans,
Leases, and Other Assets.
The FFIEC and the agencies have
decided to retain the proposed $1
billion total asset threshold for Schedule
RI–C, which exempts 91 percent of all
institutions from this reporting
requirement. Given that institutions
with $1 billion or more in total assets
hold nearly 91 percent of the ALLL
balances held by all institutions as of
June 30, 2012, retaining this reporting
threshold as proposed will enable the
agencies to perform a more
comprehensive and decision-useful
analysis of the depository institution
system, particularly in providing a
better understanding of how
institutions’ ALLL practices and
E:\FR\FM\08NON1.SGM
08NON1
67062
Federal Register / Vol. 77, No. 217 / Thursday, November 8, 2012 / Notices
allocations differ for particular loan
categories as economic conditions
change. Furthermore, all institutions
with $1 billion or more in total assets
are subject to regulations requiring them
to prepare annual financial statements
in accordance with U.S. generally
accepted accounting principles.2
Accordingly, such institutions should
have processes in place to develop the
disaggregated ALLL data required to be
disclosed by ASU 2010–20, which are
comparable to the data specified by
Schedule RI–C as modified in response
to comments.
To allow institutions sufficient lead
time to make any necessary adjustments
to their data systems to report this
modified disaggregation of their ALLL
and the related recorded investment
amounts by loan category and
impairment measurement method, the
agencies will delay implementation of
new Schedule RI–C until the March 31,
2013, report date.
Consistent with longstanding practice,
for the March 31, 2013, report date,
institutions may provide reasonable
estimates for any Call Report Schedule
RI–C item for which the requested
information is not readily available.
Proposed Schedule RC–U—The FFIEC
and the agencies have not yet completed
their evaluation of this proposed new
schedule in light of the comments
received. When the FFIEC and the
agencies have decided whether and how
to proceed with Schedule RC–U, their
decision will be addressed in a future
Federal Register notice and, if
applicable, submissions by the agencies
will be made to OMB. To allow
sufficient lead time for affected
institutions to prepare for any resulting
new reporting requirements for loan
origination data, the collection of such
data would not take effect before the
June 30, 2013, 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
tkelley on DSK3SPTVN1PROD with NOTICES
2 12 CFR part 363, Annual Independent Audits
and Reporting Requirements.
VerDate Mar<15>2010
18:34 Nov 07, 2012
Jkt 229001
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: October 31, 2012.
Michele Meyer,
Assistant Director, Legislative and Regulatory
Activities Division, Office of the Comptroller
of the Currency.
Board of Governors of the Federal Reserve
System, November 2, 2012.
Robert deV. Frierson,
Secretary of the Board.
Dated at Washington, DC, this 31st day of
October 2012.
Robert E. Feldman,
Executive Secretary. Federal Deposit
Insurance Corporation.
[FR Doc. 2012–27283 Filed 11–7–12; 8:45 am]
BILLING CODE 4810–33–P 6210–01–P 6714–01–P
DEPARTMENT OF THE TREASURY
Fiscal Service
Fee Schedule for the Transfer of U.S.
Treasury Book-Entry Securities Held
on the National Book-Entry System
Bureau of the Public Debt,
Fiscal Service, Treasury.
ACTION: Notice.
AGENCY:
The Department of the
Treasury (Treasury) is announcing a
new fee schedule applicable to transfers
of U.S. Treasury book-entry securities
maintained on the National Book-Entry
SUMMARY:
PO 00000
Frm 00112
Fmt 4703
Sfmt 4703
System (NBES) that occur on or after
January 2, 2013.
DATES: Effective January 2, 2013.
FOR FURTHER INFORMATION CONTACT:
Kristina Yeh, Bureau of the Public Debt,
202–504–3550.
SUPPLEMENTARY INFORMATION: Treasury
has established a fee structure for the
transfer of Treasury book-entry
securities maintained on NBES.
Treasury reassesses this fee structure
periodically, based on our review of the
latest book-entry costs and volumes.
For each Treasury securities transfer
or reversal sent or received on or after
January 2, 2013, the basic fee will
increase from $0.48 to $0.56. The
Federal Reserve will maintain its fee for
Federal Reserve funds movement at
$0.09. This will result in a combined fee
of $0.65 for each transfer of Treasury
book-entry securities. The surcharge for
an off-line Treasury book-entry
securities transfer will remain at $40.00.
Off-line refers to the sending and
receiving of transfer messages to or from
a Reserve Bank by means other than online access, such as by written,
facsimile, or telephone voice
instruction. The basic transfer fee
assessed to both sends and receives is
reflective of costs associated with the
processing of securities transfers. The
off-line surcharge reflects the additional
processing costs associated with the
manual processing of off-line securities
transfers.
Treasury does not charge a fee for
account maintenance, the stripping and
reconstitution of Treasury securities, the
wires associated with original issues, or
interest and redemption payments.
Treasury currently absorbs these costs.
The fees described in this notice
apply only to the transfer of Treasury
book-entry securities held on NBES.
Information concerning fees for bookentry transfers of Government Agency
securities, which are priced by the
Federal Reserve System, is set out in a
separate Federal Register notice
published by the Board of Governors of
the Federal Reserve System.
The following is the Treasury fee
schedule that will take effect on January
2, 2013, for book-entry transfers on
NBES:
E:\FR\FM\08NON1.SGM
08NON1
]]>Agencies
[Federal Register Volume 77, Number 217 (Thursday, November 8, 2012)]
[Notices]
[Pages 67059-67062]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-27283]
-----------------------------------------------------------------------
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; Joint 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: Notice of information collection to be submitted to OMB for
review and approval under the Paperwork Reduction Act of 1995.
-----------------------------------------------------------------------
SUMMARY: In accordance with the requirements of the Paperwork Reduction
Act (PRA) of 1995 (44 U.S.C. chapter 35), 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 21, 2011, the agencies, under the auspices
of the Federal Financial Institutions Examination Council (FFIEC),
requested public comment for 60 days on a proposal to extend, with
revision, the Consolidated Reports of Condition and Income (Call
Report), which are currently approved collections of information. After
considering the comments received on the proposal, the FFIEC and the
agencies announced their final decisions regarding certain proposed
revisions on February 17, 2012. The agencies also announced they were
continuing to evaluate two new proposed Call Report schedules (Schedule
RI-C, Disaggregated Data on the Allowance for Loan and Lease Losses,
and Schedule RC-U, Loan Origination Activity (in Domestic Offices)) in
light of the comments received. The FFIEC and the agencies have
completed their evaluation of Schedule RI-C and will proceed with a
modified version of the schedule, which will be completed by
institutions with $1 billion or more in total assets beginning March
31, 2013. However, the FFIEC and the agencies are continuing their
evaluation of proposed Schedule RC-U. The FFIEC's and the agencies'
decision regarding proposed Schedule RC-U will be addressed in a future
Federal Register notice, and any resulting new reporting requirements
for loan origination data will not take effect before the June 30,
2013, report date.
DATES: Comments must be submitted on or before December 10, 2012.
ADDRESSES: Interested parties are invited to submit written comments to
any or all of the agencies on the revisions to the Call Report for
which the agencies are requesting approval from OMB. 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
[[Page 67060]]
Division, Office of the Comptroller of the Currency, 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),''
by any of the following methods:
Agency Web Site: https://www.federalreserve.gov. Follow the
instructions for submitting comments at: https://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
Federal eRulemaking Portal: https://www.regulations.gov.
Follow the instructions for submitting comments.
Email: 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 Constitution Avenue NW.,
Washington, DC 20551.
All public comments are available from the Board's Web site at
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 9:00
a.m. and 5:00 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.
Email: comments@FDIC.gov. Include ``Consolidated Reports
of Condition and Income, 3064-0052'' in the subject line of the
message.
Mail: Gary A. Kuiper, Counsel, Attn: Comments, Room NYA-
5046, 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.
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 forms and instructions can be obtained at the FFIEC's Web
site (https://www.ffiec.gov/ffiec_report_forms.htm).
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: Cynthia Ayouch, 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.
SUPPLEMENTARY INFORMATION: The agencies are proposing to revise and
extend for three years the Call Report, which is currently an approved
collection of information for each agency. The burden estimates
presented below are for the Call Report as it is proposed to be revised
effective March 31, 2013.
Report Title: Consolidated Reports of Condition and Income (Call
Report).
Form Number: Call Report: FFIEC 031 (for banks and savings
associations with domestic and foreign offices) and FFIEC 041 (for
banks and savings associations with domestic offices only).
Frequency of Response: Quarterly.
Affected Public: Insured banks and savings associations.
OCC
OMB Number: 1557-0081.
Estimated Number of Respondents: 1,909 national banks and federal
savings associations.
Estimated Time per Response: 53.76 burden hours per quarter to
file.
Estimated Total Annual Burden: 410,511 burden hours to file.
Board
OMB Number: 7100-0036.
Estimated Number of Respondents: 835 state member banks.
Estimated Time per Response: 55.66 burden hours per quarter to
file.
Estimated Total Annual Burden: 185,904 burden hours to file.
FDIC
OMB Number: 3064-0052.
Estimated Number of Respondents: 4,531 insured state nonmember
banks and state savings associations.
Estimated Time per Response: 40.56 burden hours per quarter to
file.
Estimated Total Annual Burden: 735,109 burden hours to file.
The estimated time 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). The average
reporting burden for the filing of the Call Report is estimated to
range from 17 to 710 hours per quarter, depending on an individual
institution's circumstances.
Type of Review: Revision and extension of currently approved
collections.
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), and 12
U.S.C. 1464 (for federal and state savings associations). At present,
except for selected data items, these information collections are not
given confidential treatment.
[[Page 67061]]
Abstract
Institutions 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 provide the most current statistical data available
for evaluating institutions' corporate applications, identifying areas
of focus for on-site and off-site examinations, and monetary and other
public policy purposes. The agencies use Call Report 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 data also are used to
calculate institutions' deposit insurance and Financing Corporation
assessments and national banks' and federal savings associations'
semiannual assessment fees.
Current Actions
On November 21, 2011, the agencies, under the auspices of the
FFIEC, requested comment on a limited number of proposed revisions to
the Call Report (76 FR 72035) for implementation in 2012 that were
focused primarily on institutions with $1 billion or more in total
assets. After considering the comments received, on February 17, 2012,
the agencies announced in the Federal Register (77 FR 9727) the
implementation of reporting changes and instructional revisions that
had been proposed to take effect March 31, 2012. The agencies also
announced the implementation of revisions to two existing schedules
proposed for implementation as of June 30, 2012. The FFIEC and the
agencies further stated they were deferring the implementation of new
Schedule RC-U, Loan Origination Activity (in Domestic Offices), and new
Schedule RI-C, Disaggregated Data on the Allowance for Loan and Lease
Losses (ALLL), both of which were originally proposed to be added to
the Call Report effective June 30, 2012. The FFIEC and the agencies
announced they were continuing to evaluate these proposed new schedules
in light of the comments received.
The agencies collectively received comments from eight entities on
their November 21, 2011, Federal Register notice initially proposing
these revisions: four banking organizations, two bankers' associations,
a commercial lending software company, and a news organization. Three
banking organizations and the two bankers' associations addressed
proposed Schedule RI-C, and all eight commenters addressed proposed
Schedule RC-U.
Proposed Schedule RI-C--Commenters expressed the general concern
that the proposed disaggregated ALLL data in Schedule RI-C are not
aligned with the manner in which institutions estimate and maintain
their ALLL. Although Financial Accounting Standards Board (FASB)
Accounting Standards Update No. 2010-20, Disclosures about the Credit
Quality of Financing Receivables and the Allowance for Credit Losses
(ASU 2010-20), requires entities to disclose the ALLL at the portfolio
segment level, institutions define segments differently than proposed
for Schedule RI-C. According to the commenters, modifying systems to
report ALLL information categorized as proposed would be costly and
necessitate significant lead time, up to nine months, to implement. One
commenter also recommended increasing the asset size threshold for
institutions to report this schedule, proposed to be collected from
institutions with $1 billion or more in total assets, to $5 billion or
$10 billion in total assets.
Two commenters recommended a more streamlined approach requiring
disclosure of fewer loan categories, thereby allowing the Agencies to
achieve their stated objective and permit institutions to report data
consistently with the business models and methodologies used to
estimate their ALLL. One of these commenters recommended collapsing the
proposed nine loan categories and collecting ALLL and the related
recorded investment amounts by impairment measurement method for only
three segments: consumer credit cards, all other consumer loans, and
commercial loans. The second commenter recommended reporting ALLL and
the related recorded investment amounts by impairment measurement
method for five loan categories: commercial real estate, residential
real estate, commercial, credit cards, and other consumer. The second
commenter also favored retaining the reporting of any unallocated
portion of the ALLL as had been proposed.\1\ Implicit in both of these
commenters' recommendations is the concept that the definitions for the
loan categories in Schedule RI-C should be those the reporting
institution uses in its ALLL methodology rather than those specified in
Call Report Schedule RC-C, part I, Loans and Leases.
---------------------------------------------------------------------------
\1\ Another commenter stated that it fully supported this
commenter's recommendations.
---------------------------------------------------------------------------
After consideration of the comments received on the proposed
disaggregation of ALLL information, the FFIEC and the agencies have
decided to modify proposed Schedule RI-C to collect ALLL and the
related recorded investment amounts by impairment measurement method
for the loan categories (and any unallocated portion of the ALLL) based
on the second approach described in the preceding paragraph, but with
the addition of a loan category for real estate construction loans. The
agencies consider it appropriate to segregate construction loans from
other commercial real estate loans because the risk characteristics of
the former differ significantly from those of the latter. The agencies
believe this more streamlined approach to proposed Schedule RI-C,
including its use of general loan categories rather than specifically
defined categories, would be more consistent with the methodologies
institutions currently employ in determining the appropriate level for
their overall ALLL and meeting the disclosure requirements of ASU 2010-
20. At the same time, the data that would be reported in Schedule RI-C,
as modified, should be sufficient to enable the agencies to more finely
focus their analyses related to the composition of an institution's
ALLL and the changes therein over time. In this regard, to aid in
evaluating the appropriateness of the reported level of an
institution's ALLL (for example, in periods between examinations and
when planning for examinations), the disaggregated ALLL data by loan
category could be reviewed in conjunction with the past due and
nonaccrual loan data used in general assessments of the credit quality
of an institution's loan portfolio. These credit quality data are
currently reported for broadly similar, but not identical, loan
categories in Call Report Schedule RC-N, Past Due and Nonaccrual Loans,
Leases, and Other Assets.
The FFIEC and the agencies have decided to retain the proposed $1
billion total asset threshold for Schedule RI-C, which exempts 91
percent of all institutions from this reporting requirement. Given that
institutions with $1 billion or more in total assets hold nearly 91
percent of the ALLL balances held by all institutions as of June 30,
2012, retaining this reporting threshold as proposed will enable the
agencies to perform a more comprehensive and decision-useful analysis
of the depository institution system, particularly in providing a
better understanding of how institutions' ALLL practices and
[[Page 67062]]
allocations differ for particular loan categories as economic
conditions change. Furthermore, all institutions with $1 billion or
more in total assets are subject to regulations requiring them to
prepare annual financial statements in accordance with U.S. generally
accepted accounting principles.\2\ Accordingly, such institutions
should have processes in place to develop the disaggregated ALLL data
required to be disclosed by ASU 2010-20, which are comparable to the
data specified by Schedule RI-C as modified in response to comments.
---------------------------------------------------------------------------
\2\ 12 CFR part 363, Annual Independent Audits and Reporting
Requirements.
---------------------------------------------------------------------------
To allow institutions sufficient lead time to make any necessary
adjustments to their data systems to report this modified
disaggregation of their ALLL and the related recorded investment
amounts by loan category and impairment measurement method, the
agencies will delay implementation of new Schedule RI-C until the March
31, 2013, report date.
Consistent with longstanding practice, for the March 31, 2013,
report date, institutions may provide reasonable estimates for any Call
Report Schedule RI-C item for which the requested information is not
readily available.
Proposed Schedule RC-U--The FFIEC and the agencies have not yet
completed their evaluation of this proposed new schedule in light of
the comments received. When the FFIEC and the agencies have decided
whether and how to proceed with Schedule RC-U, their decision will be
addressed in a future Federal Register notice and, if applicable,
submissions by the agencies will be made to OMB. To allow sufficient
lead time for affected institutions to prepare for any resulting new
reporting requirements for loan origination data, the collection of
such data would not take effect before the June 30, 2013, 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: October 31, 2012.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division,
Office of the Comptroller of the Currency.
Board of Governors of the Federal Reserve System, November 2,
2012.
Robert deV. Frierson,
Secretary of the Board.
Dated at Washington, DC, this 31st day of October 2012.
Robert E. Feldman,
Executive Secretary. Federal Deposit Insurance Corporation.
[FR Doc. 2012-27283 Filed 11-7-12; 8:45 am]
BILLING CODE 4810-33-P 6210-01-P 6714-01-P
