The agencies propose to extend for three years, with revision, the FFIEC 031, FFIEC 041, and FFIEC 051 Call Reports. (312) 322-5322, Please review our Privacy Policy | Legal Notices, Regulatory Applications And Membership Information, Chicago Fed Advance Retail Trade Summary (CARTS), Chicago Fed National Activity Index (CFNAI), Chicago Fed Survey Of Economic Conditions (CFSEC), National Financial Conditions Index (NFCI), Business Cycle Analysis and Communications, Community Depository Institutions Advisory Council, Reporting Forms and Instructions - FFIEC 031, Reporting Forms and Instructions - FFIEC 041, Reporting Forms and Instructions - FFIEC 051. edition of the Federal Register. Dated at Washington, DC, on or about January 29, 2021. Branches and Agencies of Foreign Banks), as applicable, and as they may be amended or superseded from time to time in accordance with the . [COURTESY PHOTO] Courtesy photo. During 2020, relief measures enacted by Congress through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)[1] Additionally, in the Supplementary Information section to the NSFR final rule, the agencies indicated they will continue to review the treatment of sweep deposits under the Liquidity Coverage Ratio (LCR) and NSFR rules. documents in the last year, 467 on NARA's archives.gov. 7. please call Target Guest Services at 1-800-591-3869. documents in the last year, 83 A Notice by the Comptroller of the Currency, the Federal Reserve System, and the Federal Deposit Insurance Corporation on 02/05/2021. The Report of Income schedules provide details on income and expenses. protection; makes large and complex financial institutions resolvable; and 03/03/2023, 266 Call report form Who must file }MEu=utP#/ >vnkj'zLV|e~ m:R#q/tyM`JClhYX\y,dsBt 0b %T h@#KfKXZ{A!Pg(tJJ-`cQgvq 0xb+z7k Estimated Average Burden per Response: 40.13 burden hours per quarter to file. (As of December 2021), General Instructions Learn about the FDICs mission, leadership, Estimated Number of Respondents: FFIEC 002209; FFIEC 002S38. Branch that is Managed or Controlled by a U.S. system. (As of September 2021), Schedule RC-T - Fiduciary and Related Services If you want to request a wider IP range, first request access for your current IP, and then use the "Site Feedback" button found in the lower left-hand side to make the request. These data items are reported semiannually on the June and December FFIEC 051 Call Report form. (4) for not fully insured, non-affiliate sweep deposits to capture sweep deposits that are not 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 less than the entire amount of the deposit is covered by deposit insurance; Memorandum item 1.i for total sweep deposits that are not brokered due to a primary purpose exception, which corresponds to the 25 percent test exception above. Affected Public: Business or other for-profit. on [4] Tel. Browse our Respondents: All state-chartered or federally-licensed U.S. branches and agencies of foreign banking organizations, and all non-U.S. branches managed or controlled by a U.S. branch or agency of a foreign banking organization. The FFIEC 051 Call Report instruction book will be updated to incorporate relevant information from the September 2020 COVID-19 Related Supplemental Instructions (Call Report) after the agencies have completed the standard Paperwork Reduction Act (PRA) process for these Call Report revisions. For the FFIEC 041 and FFIEC 051 only, the $100 million threshold to report Other borrowed money in Schedule RC-K, item 13. of retail customer or counterparty, which reads, A retail customer or counterparty means a customer or counterparty that is: (2) A business customer, but solely if and to the extent that: (i) The reporting institution manages its transactions with the business customer, including deposits, unsecured funding, and credit facility and liquidity facility transactions, in the same way it manages its transactions with individuals; (ii) Transactions with the business customer have liquidity risk characteristics that are similar to comparable transactions with individuals; and (iii) The total aggregate funding raised from the business customer is less than $1.5 million., In addition, the Call Report instructions would add the LCR rule's definition of wholesale customer or counterparty, which reads, A wholesale customer or counterparty means a customer or counterparty that is not a retail customer or counterparty.[11]. Second, by having institutions with $100 billion or more in total assets report sweep deposits for different types of counterparties, any material differences in the stability of different types of counterparties that transact in sweep deposits would be more transparent for monitoring over time to determine their appropriate treatment under liquidity regulations. Federal government websites often end in .gov or .mil. This table of contents is a navigational tool, processed from the 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". This document has been published in the Federal Register. documents in the last year, 663 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. 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. The pages listed in the column below headed "Remove Pages" are no longer needed in . Dated at Washington, DC, on or about November 24, 2020. Board: Nuha Elmaghrabi, Federal Reserve Board Clearance Officer, (202) 452-3884, Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, 20th and C Streets NW, Washington, DC 20551. the material on FederalRegister.gov is accurately displayed, consistent with All three versions of the Call Report also include total asset thresholds for reporting certain additional data items. Fact Sheets, Current Quarter Call Report Forms, Instructions, and Related Materials, Previous Quarters Call Report Forms, Instructions, and Related Materials, Important Information for New Call Report Filers, Call Report Data and Uniform Bank Performance Reports. Except for select sensitive items, the FFIEC 002 is not given confidential treatment; the FFIEC 002S is given confidential treatment (5 U.S.C. offers a preview of documents scheduled to appear in the next day's [3] Part III of our blog series on call report frequently asked questions addresses the area of construction, land development, and other land loans. on When the estimates are calculated by type of report across the agencies, the estimated average burden hours per quarter are 85.75 (FFIEC 031), 56.26 (FFIEC 041), and 35.15 (FFIEC 051). 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 . For the reasons described above, the agencies propose to permit an institution to use the lesser of the total consolidated assets reported in its Call Report as of December 31, 2019, or June 30, 2020, when determining whether the institution has crossed a total asset threshold to report additional data items in its Call Reports for report dates in calendar year 2021. Due to the asset growth considerations discussed above, the agencies have revised their rules on FFIEC 051 eligibility[3] Learn about the FDICs mission, leadership, Comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. FFIEC: Reports of Condition and Income Instructions. OCC: You may submit comments, by any of the following methods: Instructions: You must include OCC as the agency name and 1557-0081 in your comment. See definition of covered depository institutions. Sweep deposits placed by a third party that meet the primary purpose exception may, in some cases, still pose varying levels of funding risk as well as elevated risk of loss to the deposit insurance fund in the event of an insured depository institution's failure. Federal Register issue. First, the agencies would be able to better observe funding dynamics, between insured and partially insured sweep deposits, thereby providing data on the funding stability of partially insured sweep deposits. Estimated Number of Respondents: 3,263 insured state nonmember banks and state savings associations. These can be useful (1), 9.b. informational resource until the Administrative Committee of the Federal 02/04/2021 at 8:45 am. FFIEC 051 RI-10 RI - INCOME STATEMENT (3-21) Item No. Federal Register. on testimony on the latest banking issues, learn about policy (As of December 2021), Schedule RI-C - Disaggregated Data on the Allowance for Loan and Lease Losses Counts are subject to sampling, reprocessing and revision (up or down) throughout the day. are not part of the published document itself. on better and aid in comparing the online edition to the print edition. You may review comments and other related materials that pertain to this information collection beginning on the date of publication of the second notice for this collection by the following method: Board: You may submit comments, which should refer to Call Report Reporting Revisions, by any of the following methods: All public comments are available on the Board's website at https://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted, unless modified for technical reasons. on documentation of laws and regulations, information on 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. FDIC-Insured Institutions Reported Net Income of $68.4 Billion in Fourth Quarter 2022, Agencies Issue Joint Statement on Liquidity Risks Resulting from Crypto-Asset Market Vulnerabilities, FDIC Demands Four Entities Cease Making False or Misleading Representations about Deposit encrypted and transmitted securely. The agencies note that while the instructions refer to a The FDIC insures deposits; examines and Loan Purpose on 50/50 Loan. glossary of the reporting instructions for the bank call report and the FR-Y-9C, the consoli-dated bank holding company report). Cloudy. In general, the . FRS. FFIEC: Reports of Condition and Income Instructions. important initiatives, and more. Board: Nuha Elmaghrabi, Federal Reserve Board Clearance Officer, (202) 452-3884, Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, 20th and C Streets NW, Washington, DC 20551. documents in the last year, 35 Report . Please send us an email and 161 (national banks), 12 U.S.C. FFIEC 031, FFIEC 041, and FFIEC 051 18 Question Format OMB Supporting Statement ( Supplementary Document ) Notice: This form may be outdated. The FDIC provides a wealth of resources for consumers, 03/03/2023, 1465 A non-U.S. branch is managed or controlled by a U.S. branch or agency if 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 Start Printed Page 8483respect of assets or liabilities for that foreign branch resides at the U.S. branch or agency. Description. The data also are used to augment the bank credit, loan, and deposit information needed for monetary policy and other public policy purposes. Thereafter, as noted above, these data items would be collected quarterly on the FFIEC 031 and 041 Call Reports and semiannually on the FFIEC 051 Call Report. Keep up with FDIC announcements, read speeches and the instructions issued by the appropriate Federal regulatory authority and are true and correct. documents in the last year, 11 documents in the last year, 981 rendition of the daily Federal Register on FederalRegister.gov does not For complete information about, and access to, our official publications . 0 Director (Trustee) Director (Trustee) Director (Trustee) Submission of Reports Each bank must file its Reports of Condition and Income (Call Report) data by either: (a) Using computer software to prepare its Call Report and then The changes to the Call Reports and the FFIEC 002 are proposed to take effect as of the June 30, 2021, report date. The OFR/GPO partnership is committed to presenting accurate and reliable Board of Governors of the Federal Reserve System. . In addition, FFIEC 002 data are used to calculate the risk-based assessments for FDIC-insured U.S. branches of foreign banks. documents in the last year, 86 documents in the last year, by the Nuclear Regulatory Commission On October 20, 2020, the agencies announced the adoption of a final rule implementing the NSFR relevant for certain large U.S. banking institutions with $100 billion or more in total consolidated assets. 1817 (insured state nonmember commercial and savings banks), and 12 U.S.C. FFIEC 051 for a listing of data items reported less frequently than quarterly on that report form. Question 3: Do insured depository institutions intend, in the ordinary course of business, to internally maintain information on the amount of deposits placed under each designated exception? and services, go to Federal Register provide legal notice to the public and judicial notice The agencies expect some of these institutions may fall below the relevant total asset threshold as of June 30, 2021, for example, after forgiveness of PPP loans and redemption of borrowings obtained through the Board's PPP liquidity facility. 2020-26388 Filed 11-27-20; 8:45 am], updated on 4:15 PM on Friday, March 3, 2023, updated on 8:45 AM on Friday, March 3, 2023, 105 documents Type of Review: Revision of currently approved collections. The Federal Reserve System collects and processes these reports on behalf of all three agencies. Report incorrect product info. 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 headings within the legal text of Federal Register documents. The Call Report information collections are mandatory: 12 U.S.C. More information and documentation can be found in our 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. Do not include any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. The Board proposes to extend for three years, with revision, the FFIEC 002 and FFIEC 002S reports. An official website of the United States government. 02/26/2023. gross. Branches and Agencies of Foreign Banks; Report of Assets and Liabilities of a Non-U.S. It was viewed 35 times while on Public Inspection. Use the PDF linked in the document sidebar for the official electronic format. headings within the legal text of Federal Register documents. Other sweep deposits (i.e., non-affiliate sweep deposits provided by a retail customer or counterparty and certain sweep deposits provided by wholesale, non-financial customers) were assigned a 50 percent ASF factor, irrespective of the level of deposit insurance. created by the Congress to maintain stability and public confidence in the The changes to the FFIEC 031, FFIEC 041 and FFIEC 051 Call Report forms and instructions proposed in this notice would not have a material impact on the existing burden estimates. (As of September 2021), Schedule SU - Supplemental Information Open for Comment, Russian Harmful Foreign Activities Sanctions, Economic Sanctions & Foreign Assets Control, Fisheries of the Northeastern United States, National Oceanic and Atmospheric Administration, Further Advancing Racial Equity and Support for Underserved Communities Through the Federal Government, Office of the Comptroller of the Currency, B. documents in the last year, 35 offers a preview of documents scheduled to appear in the next day's Report Title: Consolidated Reports of Condition and Income (Call Report). documents in the last year, by the Coast Guard More recent filings and information on OMB 7100-0036 can be . . UPC: 191908896175. documents in the last year, 282 Estimated Total Annual Burden: FFIEC 00220,791 hours; FFIEC 002S912 hours. Push the"Get Form" Button below . profiles, working papers, and state banking performance The changes to the Call Report forms and instructions proposed in this notice resulted in the following estimated changes in burden hours per quarter. the current document as it appeared on Public Inspection on Final Rule for Proposed Revisions to the FFIEC 051 Call Report - published June 21, 2019. . 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). . The estimated burden 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). (As of December 2020), Schedule RC-L - Off-Balance Sheet Items Many community institutions may have unexpectedly crossed these total asset thresholds during 2020 due to participation in CARES Act relief programs or other COVID-19-related stimulus activities, which would otherwise trigger additional reporting obligations starting in calendar year 2021. Further, as noted in the NSFR final rule, sweep deposits received from affiliates have different stability characteristics than sweep deposits received from non-affiliates based on the varying priority and reliability of each affiliate and non-affiliate sweep deposits. These same items also have a 5 percent activity threshold for institutions with less than $300 million in total consolidated assets. Instructions for Preparation of Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only and Total Assets Less than $5 Billion (As of September 2021): The following documents are formatted as PDF files. 1464 (federal and state savings associations). hb```,@Abl@a0aa# x=30)&d$%+gKzE..97}97\u%b4K+jUV'300rd:((wEDSe6@ {G7]f c! Z- ,Ee;&)q"+: :V!f"1AB|Y. electronic version on GPOs govinfo.gov. Report Title: Consolidated Reports of Condition and Income (Call Report). Attend this seminar for a detailed discussion of each call report schedule as well as the real-life challenges of completing an accurate call report. All financial institutions continue to feel the impact of the reporting burden that originated from the economic crisis and COVID-19. Profile, FDIC Academic nation's financial system. Person A has certain flaws/problems (in the eyes of person B). should verify the contents of the documents against a final, official 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. the current document as it appeared on Public Inspection on 211/Thursday, November 4, 2021/Notices ; . The brokered deposits final rule also reaffirmed the intent stated in the interagency NSFR final rule to update the Call Report to collect information related to sweep deposits. establishing the XML-based Federal Register as an ACFR-sanctioned [1] Frequency of Response: Quarterly.Start Printed Page 76660. Memorandum item 1.h. Institution Letters, Policy 1. An institution must still meet the other criteria for eligibility for the FFIEC 051 in the Call Report instructions. Our borrower stated that funds will be used as follows: - $50,000 to do home improvement on rental property, and - $50,000 will be used for home improvement on . 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. Recent revisions of the Call Report and the implications We worked through the extensive changes that took place over the course of the past few years. (3) that are deposited by a retail customer or counterparty and not in accordance with a contract between the 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 the entire amount of the deposit is covered by deposit insurance; and. NOTE: This update for the instruction book for the FFIEC 051 Call Report is designed for two-sided (duplex) printing. Final Federal Register Notice for Proposed Revisions to the FFIEC 031, FFIEC 041, and FFIEC 051 Call Reports - published April 11, 2018. This LED novelty sculpture features three deer made from clear wire for a merry look (36-inches, 27.5-inches and 17.5-inches), while 355 white LED bulbs add extra excitement to your seasonal decorations. See Section 29(g) of the Federal Deposit Insurance Act (FDI Act) (12 U.S.C. (3)(a), and 1.h. Counts are subject to sampling, reprocessing and revision (up or down) throughout the day. legal research should verify their results against an official edition of Accordingly, the agencies propose to add the following data items applicable to all institutions that file the Call Report and all insured institutions that file the FFIEC 002. For the FFIEC 041 only, the $300 million threshold to report cash and balances due from depository institutions in Schedule RC-A; certain derivatives information in Schedule RI, Memorandum item 10, and Schedule RC-N, Memorandum item 6; and certain additional loan information in Schedule RI-B, Part I, Memorandum items 2.a, 2.c, and 2.d; Schedule RC-C, Part I, items 2.a, 2.b, 2.c, 4.a, 4.b, 9.b. Note: This definition would be distinctly separate from the existing retail sweep arrangements and retail sweep programs definitions in the Glossary entry for Deposits in the Call Report and FFIEC 002 instructions. The requirements for each report form depend on the bank's size, the nature of its activities, and whether it has foreign offices. 4. In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the OCC, the Board, and the FDIC (the agencies) may not conduct or sponsor, and the respondent is not required to respond Start Printed Page 76659to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. sharing sensitive information, make sure youre on a federal Proposed Data Items To Capture Sweep Deposits and Deposits Categorized as Meeting the Primary Purpose Exception and Related Instructions, https://www.federalregister.gov/d/2021-02375, MODS: Government Publishing Office metadata, http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm, https://www.federalreserve.gov/apps/foia/proposedregs.aspx, https://www.fdic.gov/regulations/laws/federal/, https://www.ffiec.gov/ffiec_report_forms.htm, https://www.fdic.gov/news/board/2020/2020-10-20-notice-dis-b-fr.pdf. All comments, which should refer to the Call Report and FFIEC 002 Deposit-Related Revisions, will be shared among the agencies. OCC: You may submit comments, which should refer to Call Report Reporting Revisions, by any of the following methods: Instructions: You must include OCC as the agency name and 1557-0081 in your comment. 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. (4)(a) to report the additional deposit data discussed in section II.B. informational resource until the Administrative Committee of the Federal government site. As noted above, the regulatory reporting burden relief is limited to community institutions with total asset thresholds up to $10 billion, as these thresholds are most relevant for community institutions. Estimated Number of Respondents: 1,111 national banks and federal savings. The agencies are proposing this relief for calendar year 2021 only. 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. Do not include any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. Clemson defensive lineman Bryan Bresee runs a drill at the NFL football scouting combine in Indianapolis, Thursday, March 2, 2023. ICR 202105-7100-007. (As of December 2021), Schedule RC-O - Other Data for Deposit Insurance Assessments TCIN: 85360907. (4)(a) to capture the portion of not fully insured, non-affiliate sweep deposits reported in Memorandum item 1.h. Draft FFIEC 051 Instructions for the proposed Call Report Revisions Effective March 31, 2019 - February 15, 2019 (PDF) November 2017 Proposed Call Report Revisions - Effective June 30, 2018. (As of March 2017), Schedule RI-E - Explanations Supervision and deposit insurance assessments evaluate risk, in part, based on data institutions report on the Call Report. . 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. Federal Register. (As of December 2021), Instruction Book Update The Call Report information collections are mandatory: 12 U.S.C. The Call Report data may result in information . (Note: The texts in blue are meant to help you answer the questions. $1 billion in total assets, the stated Call Report refer- ences are to the FFIEC 051. 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. documents in the last year, 20 on Over $26,000 was raised around the region in 2022 to support various goals. 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). [7] Here is the loan scenario: We have a HELOC for $100,000. documents in the last year, 36 (As of June 2020). The President of the United States communicates information on holidays, commemorations, special observances, trade, and policy through Proclamations. Here you would be brought into a page allowing you to make edits on the document. the official website and that any information you provide is Beginning as of the same report date, all institutions filing the FFIEC 031 Call Report with $100 billion or more in total assets would complete Schedule RC-E, Memorandum items 1.h. (As of September 2021), Schedule RC-T - Fiduciary and Related Services Until the ACFR grants it official status, the XML About the Federal Register (2)(a) to capture the portion of not fully insured, affiliate sweep deposits reported in Memorandum item 1.h. This should only be necessary once for each IP address you access the site from. (As of December 2022), Schedule RI-B - Charge-Offs and Recoveries on Loans and Leases and Changes in Allowances for Credit Losses