These quarterly reporting requirements
were established by the Federal Financial Institutions Examination
Council (FFIEC) for banks that quality for and adopt the Advanced
Capital Adequacy Framework or are in the parallel run state of
qualifying for the framework. The revisions to the FFIEC 101 report
are limited to removing two credit valuation adjustment (CVA) items
from the exposure at default (EAD) column on FFIEC 101 Schedule B,
Summary Risk-Weighted Asset Information for Banks Approved to Use
Advanced Internal Ratings-Based and Advanced Measurement Approaches
for Regulatory Capital Purposes (items 31.a and 31.b, column D).
These revisions take effect as of the September 30, 2017, report
date. However, reporting entities would be advised that they may
elect to adopt the changes by ceasing to report column D of items
31.a and 31.b on FFIEC 101 Schedule B as of the June 30, 2017,
report date.
Pursuant to the Office
of Management and Budget's Paperwork Reduction Act emergency
processing procedures (5 CFR § 1320.13), the Federal Deposit
Insurance Corporation (FDIC), in coordination with the Board of
Governors of the Federal Reserve System (Board), and the Office of
the Comptroller of the Currency (OCC), (collectively, the
"agencies"), each of which is submitting a separate request for
emergency PRA clearance, hereby requests immediate approval of
revisions to the above-referenced information collections. The FDIC
has determined that (1) the collection of information within the
scope of this request is needed prior to the expiration of time
periods established under 5 C.F.R. § 1320.12; (2) this collection
of information is essential to the mission of the FDIC; and (3) the
FDIC cannot reasonably comply with the normal clearance procedures
because an unanticipated event has occurred and the use of normal
clearance procedures is reasonably likely to prevent or disrupt the
collection of information. Summary of Revisions In response to the
recent market disruptions due to COVID-19, the agencies have issued
several interim final rules to encourage banks to continue lending
to households and businesses. These rules all affect the
calculation of risk-based capital for banking organizations
effective for the first quarter of 2020, for the Call Report
quarter ending March 31, 2020, and for advanced approaches and
Category III banking organizations filing the FFIEC 101. While the
Call Report would typically be due by April 30, 2020, the agencies
are permitting institutions an additional 30-day grace period to
file due to the ongoing disruptions from COVID-19. A summary of the
three rules and the related reporting changes are provided in the
Addendum to the existing Supporting Statement submitted by the FDIC
for each of these information collections, which is being submitted
to OMB with this request. The interim final rules affect
instructions for data items on the Call Report, and instructions
for data items on the FFIEC 101 report. In addition, on March 27,
2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES
Act) became law. Section 4013 of the CARES Act permits banking
organizations flexibility in modifying loans related to COVID-19.
The statute also permits the agencies to collect information about
the volume of loans modified under this section. Since the agencies
anticipate a significant amount of activity related to these
modifications will occur in the second quarter, 2020, the agencies
are requesting emergency clearance to add a new reporting item for
these loans. A new data item would be added to the Call Report
forms starting in the second quarter of 2020. The revisions to this
information collection through interim final rules prevent the FDIC
from clearing the collection under 5 C.F.R. § 1320.11, which covers
only collections of information contained in proposed rules. As
noted in 5 C.F.R. § 1320.5(c)(1), the FDIC must clear the
collection under 5 C.F.R. § 1320.10, which relates to information
collections not contained in proposed rules or current rules. There
is insufficient time to obtain clearance under 5 C.F.R. § 1320.10
prior to the rules’ effective dates in March 2020. Therefore, the
FDIC is requesting emergency clearance for these revisions. The
agencies plan to request comment on the revisions after the
emergency clearance through the standard PRA process, including
both 60-day and 30-day notices with requests for comment.
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:
(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;
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.
Form FFIEC 101 Advanced Capital Adequacy Framework Regulatory Reporting Requirments
Emergency Clearance Request FDIC- Call Report and FFIEC 101.docx
Advanced Capital Adequacy Framework Regulatory Reporting Requirments