Consolidated Reports of Condition and Income

Forms and Documents

Document Name	Status
Form FFIEC 031 and FFIE Consolidated Reports of Condition and Income Form	Modified
EmergencyPRALetter_20081124.pdf Supplementary Document	2008-11-24
FFIEC 031_041.200811.omb.doc Supporting Statement A	2008-11-24

IC Document Collections

IC ID	Document Title	Status
43112	Consolidated Reports of Condition and Income Form	Modified

ICR Details

OMB Control No: 7100-0036	ICR Reference No: 200810-7100-008
Status: Historical Active	Previous ICR Reference No: 200710-7100-001
Agency/Subagency: FRS	Agency Tracking No: FFIEC 031 and FFIEC 041
Title: Consolidated Reports of Condition and Income
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 11/26/2008
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/26/2008
	Date Received in OIRA: 11/24/2008
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2009	6 Months From Approved	03/31/2011
Responses	3,540	0	3,540
Time Burden (Hours)	186,027	0	184,328
Cost Burden (Dollars)	0	0	0

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Abstract: State member banks are required to file detailed schedules of assets, liabilities, and capital accounts in the form of a condition report and summary statement; detailed schedule of operating income and expense, sources and disposition of income, and changes in equity capital are reported. Data are used for supervisory and monetary policy purposes.

Emergency Justfication: Pursuant to a systemic risk determination by the Secretary of the Treasury (after consultation with the President), the FDIC Board of Directors established the Temporary Liquidity Guarantee Program (TLGP) as part of a coordinated Federal government response to the unprecedented disruption in credit markets and the resultant effects on the abilities of insured depository institutions to fund themselves and to intermediate credit. The TLGP is comprised of a Debt Guarantee Program and a Transaction Account Guarantee Program, and includes a system of fees to be paid by participating entities for the guarantees. In order for the FDIC to calculate the fees to be assessed under the Transaction Account Guarantee Program portion of the TLGP, it needs information not currently collected. The best method for obtaining this information is through revisions to the Call Report.

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Authorizing Statute(s): US Code: 12 USC 324 Name of Law: Federal Reserve Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3064-AD37	Final or interim final rulemaking	73 FR 64179	10/29/2008

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Consolidated Reports of Condition and Income	FFIEC 031 and FFIEC 041, Schedule RC-O	Consolidated Reports of Condition and Income

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	3,540	3,540	0	0	0	0
Annual Time Burden (Hours)	186,027	184,328	0	1,699	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The Federal Reserve proposes to add the following data items to the Call Report effective December 31, 2008: (1) number of noninterest-bearing transaction accounts over $250,000, and (2) amount of noninterest-bearing transaction accounts over $250,000. These revisions arise from a final rule approved by the FDIC Board of Directors on November 21, 2008, which implements the FDIC’s Temporary Liquidity Guarantee (TLG) Program.

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Annual Cost to Federal Government: $1,589,906

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 11/24/2008

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