Question 4: For institutions subject to the liquidity regulations, such rules delineate between retail and wholesale customers or counterparties. corresponding official PDF file on govinfo.gov. In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the OCC, the Board, and the FDIC (the agencies) Start Printed Page 8481may 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. Pages Insert Pages. The documents posted on this site are XML renditions of published Federal 3. We worked through the extensive changes that took place over the course of the past few years. 051 Cover Page See Section 29(g) of the Federal Deposit Insurance Act (FDI Act) (12 U.S.C. 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 revised Call Reports incorporate changes related to the . (As of September 2021), Schedule RC-K - Quarterly Averages 161 (national banks), 12 U.S.C. The FDIC plans to monitor this data and could consider in the future whether modifications to deposit insurance assessment pricing are warranted, consistent with the statutory requirement that the assessments be risk-based. (As of December 2021), Schedule RC-N - Past Due and Nonaccrual Loans, Leases, and Other Assets U.S. banks that also maintain offices abroad file Form FFIEC 031. Select a tool you desire from the toolbar that pops up in the dashboard. November 2018 Proposed FFIEC 051 Call Report Revisions - Effective September 30, 2019. endstream endobj 4181 0 obj <>/Metadata 437 0 R/Outlines 744 0 R/Pages 4156 0 R/StructTreeRoot 827 0 R/Type/Catalog>> endobj 4182 0 obj <>/Font<>>>/Rotate 0/StructParents 177/Tabs/S/Type/Page>> endobj 4183 0 obj <>stream (2) that are deposited in accordance with a contract between a retail customer or counterparty and the reporting institution, a controlled subsidiary of the reporting institution, or a company that is a controlled subsidiary of the same top-tier company of which the reporting institution is a controlled subsidiary, where less than the entire amount of the deposit is covered by deposit insurance; Memorandum item 1.h. 4186 0 obj <>/Filter/FlateDecode/ID[<6A7FD925C1CBD844B74E36FDEC5E5A49>]/Index[4180 12]/Info 4179 0 R/Length 52/Prev 844270/Root 4181 0 R/Size 4192/Type/XRef/W[1 2 1]>>stream All comments, which should refer to the Call Report and FFIEC 002 Deposit-Related Revisions, will be shared among the agencies. These can be useful 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. bankers, analysts, and other stakeholders. Affected Public: Business or other for-profit. sharing sensitive information, make sure youre on a federal As such, FDIC plans to monitor sweep deposits that are not brokered due to the primary purpose exception over time to determine the supervisory and deposit insurance assessment implications of these deposits, if any. 2021-02375 Filed 2-4-21; 8:45 am], BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P, updated on 4:15 PM on Friday, March 3, 2023, updated on 8:45 AM on Friday, March 3, 2023, 105 documents The agencies also have adopted rules permitting institutions that meet certain criteria to use the community bank leverage ratio (CBLR) framework to measure their regulatory capital. One criterion is that an institution must have total consolidated assets of $5 billion or less in its Call Report as of June 30, 2020, when evaluating eligibility to use the FFIEC 051 for report dates in calendar year 2021. 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 International 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. should verify the contents of the documents against a final, official The Call Report data may result in information . by the Foreign Assets Control Office 2. and services, go to One criterion is that an institution must have total consolidated assets of $5 billion or less in its Call Report as of June 30, 2020, when evaluating eligibility to use the FFIEC . provide legal notice to the public or judicial notice to the courts. The President of the United States manages the operations of the Executive branch of Government through Executive orders. Institutions that elect to use the CBLR framework under this temporary relief would report CBLR information in Call Report Schedule RC-R, Part I, 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 quarter-end report date. PDF Help - Information on downloading and using the For community institutions that remain above a total asset threshold as of the June 30, 2021, measurement date, the one-year reporting relief the agencies propose below would assist those institutions in focusing on COVID-19-related stimulus activities in the near term while providing additional time to comply with any additional reporting requirements starting in 2022 rather than 2021. New Documents (1) for fully insured, affiliate sweep deposits to capture sweep deposits that are deposited in accordance with a contract between a customer or counterparty and the reporting institution, a controlled subsidiary of the reporting institution, or a company that is a controlled subsidiary of the same top-tier company of which the reporting institution is a controlled subsidiary, where the entire amount of the deposit is covered by deposit insurance; Memorandum item 1.h. Estimated Number of Respondents: 739 state member banks. above. Do not include any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. The estimated average burden hours collectively reflect the estimates for the FFIEC 031, the FFIEC 041, and the FFIEC 051 reports for each agency. Keep up with FDIC announcements, read speeches and Instructions for Preparation of Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only and Total Assets A Notice by the Comptroller of the Currency, the Federal Reserve System, and the Federal Deposit Insurance Corporation on 11/30/2020. hbbd``b`A DH+YH . (As of December 2021), Schedule RC-E - Deposit Liabilities Non-affiliate sweep deposits would be defined as sweep deposits that are not deposited in accordance with a contract between a customer or counterparty and a reporting institution, a reporting institution's consolidated subsidiary, or a company that is a consolidated subsidiary of the same top-tier company of which the reporting institution is a consolidated subsidiary. (As of September 2021), Schedule RC-T - Fiduciary and Related Services (As of December 2021), General Instructions Similar to sweep deposits, the agencies would monitor this information to determine the supervisory and/or deposit insurance assessment implications of these deposits, if any. Institutions report total brokered deposits but generally do not distinguish between different types of deposits that are currently classified as brokered. The Public Inspection page The OFR/GPO partnership is committed to presenting accurate and reliable we will get back to you as quickly as we can. The Public Inspection page may also Push the"Get Form" Button below . $1 billion in total assets, the stated Call Report refer- ences are to the FFIEC 051. 5. Interested parties are invited to submit written comments to any or all of the agencies. changes for banks, and get the details on upcoming Estimated Average Burden per Response: 39.96 burden hours per quarter to file. the official SGML-based PDF version on govinfo.gov, those relying on it for (As of September 2019), Schedule RC-C2 - Loans to Small Businesses and Small Farms Register, and does not replace the official print version or the official For the FFIEC 031 and FFIEC 041 only, the $1 billion threshold to report information on certain income from mutual funds and annuities in Schedule RI, Memorandum item 2; and financial and performance standby letters of credit conveyed to others in Schedule RC-L, items 2.a and 3.a. 2. When the estimates are calculated by type of report across the agencies, the estimated average burden hours per quarter are 86.45 (FFIEC 031), 55.52 (FFIEC 041), and 35.38 (FFIEC 051). If . The Call Report contains various total asset thresholds that are measured annually as of the June 30 report date and trigger additional reporting requirements once crossed, generally starting with the Call Reports for the first calendar quarter of the next calendar year. from 36 agencies. (As of December 2021), Schedule RI - Income Statement sharing sensitive information, make sure youre on a federal FRS. The current Call Report instructions permit an institution to file the FFIEC 051 version of the Call Report if it meets certain criteria consistent with those rules. collection of financial education materials, data tools, Type of Review: Revision and extension of currently approved collections. As a result of the final rule, the FDIC expects that some sweep deposits that are currently brokered deposits placed by third parties will meet the revised primary purpose exception and therefore no longer be reported on the Call Report as brokered. 86, No. Mar 2, 2023. Full compliance with this final rule is extended to January 1, 2022. }MEu=utP#/ >vnkj'zLV|e~ m:R#q/tyM`JClhYX\y,dsBt 0b %T h@#KfKXZ{A!Pg(tJJ-`cQgvq 0xb+z7k The call report guidelines for coding loans are more complex than many banks realize and how loans are coded for the call report impacts the regulators' perception of a bank's overall risk. The pages listed in the column below headed "Remove Pages" are no longer needed in the Instructions for Preparation of Consolidated Reports of Condition and Income for a Bank with Care and Cleaning: Spot or Wipe Clean & Drying Instructions Not Provided. Instructions for Preparation of Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only and Total Assets Less than $5 Billion (As of September 2021): The following documents are formatted as PDF files. These proposed changes, effective March 31, 2017, represent the FFIEC's most recent attempt to reduce the regulatory reporting burden faced by many community banks. 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. You may want to copy these instructions into your "cheat sheet" for Exam day.) These institutions may have fewer resources to implement systems changes and incur transition costs to comply with the additional reporting requirements associated with crossing one of those thresholds. Type of Review: Revision and extension of currently approved collections. (As of September 2020), Schedule RC-M - Memoranda (As of December 2022), Schedule RI-B - Charge-Offs and Recoveries on Loans and Leases and Changes in Allowances for Credit Losses (As of March 2017), Schedule RI-E - Explanations (2), and 5; and Schedule RC-N, Memorandum items 1.e. The brokered deposits final rule discussed the FDIC's consideration, as part of the rulemaking process, for requiring reporting of deposits that are excluded from being reported as brokered deposits because of the application of the primary purpose exception, which may include sweep deposits placed at insured depository institutions. More information and documentation can be found in our 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. If you are using public inspection listings for legal research, you If you are human user receiving this message, we can add your IP address to a set of IPs that can access FederalRegister.gov & eCFR.gov; complete the CAPTCHA (bot test) below and click "Request Access". When cer-tain criteria1 are met, (1) interest payments on nonaccrual assets can be recognized as income on a cash basis without rst recovering any prior partial charge-offs; (2) nonaccrual assets 161 (national banks), 12 U.S.C. which should refer to the ''Call Report Revisions,'' will be shared among the agencies. 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. %%EOF The FDIC insures deposits; examines and offers a preview of documents scheduled to appear in the next day's documents in the last year, 83 The Call Report total asset thresholds that would be impacted by this proposed change in measurement date are: Public comment is requested on all aspects of this joint notice. Learn about the FDICs mission, leadership, It was viewed 44 times while on Public Inspection. Loan Purpose on 50/50 Loan. Challenge, Quarterly Banking Profile for Fourth Quarter 2022, Quarterly Banking Profile for Third Quarter 2022, FDIC Releases 2021 National Survey of Unbanked and Underbanked Households, Financial on stability and public confidence in the nations financial 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. (As of September 2020), Schedule RC-M - Memoranda On the FFIEC 002, the first five data items identified above would be added to Schedule O, Other Data for Deposit Insurance Assessments, as Memorandum items 8.a through 8.d and 9 and would be reported quarterly by insured U.S. branches of foreign banks of all sizes. (1), 9.b. 79 FR 61439, 61527 (Oct. 10, 2014). Comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. 051 Cover Page by the Foreign Assets Control Office documents in the last year, 26 03/03/2023, 43 This repetition of headings to form internal navigation links All FICUs must file the standard 5300 Call report (long) form in June and December, while credit unions with less than $10 million have the choice of submitting the standard 5300 report form or the new . 1. Estimated Average Burden per Response: 45.61 burden hours per quarter to file. Before These five data items would be collected quarterly on the FFIEC 031 and 041 Call Reports and semiannually on the FFIEC 051 Call Report. Deputy Chief Counsel, Office of the Comptroller of the Currency. documents in the last year, 122 In this Issue, Documents OCC: Kevin Korzeniewski, Counsel, Chief Counsel's Office, (202) 649-5490. for better understanding how a document is structured but rendition of the daily Federal Register on FederalRegister.gov does not 211/Thursday, November 4, 2021/Notices ; . Clemson defensive lineman Bryan Bresee runs a drill at the NFL football scouting combine in Indianapolis, Thursday, March 2, 2023. 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. All comments, which should refer to the Call Report Reporting Revisions, will be shared among the agencies.