These can be useful [FR Doc. This PDF is hbbd``b`q! documents in the last year, 35 (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. 03/03/2023, 43 Federal Register. the Report of Condition and Income (Call Reports) (FFIEC 031, FFIEC 041, and FFIEC 051; OMB No. 10. Choose from Same Day Delivery, Drive Up or Order Pickup. 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. The Call Report information collections are mandatory: 12 U.S.C. Federal Register issue. For the FFIEC 041 and FFIEC 051 only, the $300 million threshold. This repetition of headings to form internal navigation links (As of September 2020), Schedule RC-M - Memoranda data. protection; makes large and complex financial institutions resolvable; and The documents posted on this site are XML renditions of published Federal TCIN: 85360860. Use the PDF linked in the document sidebar for the official electronic format. (1), 9.b. 79 FR 61439, 61528 (Oct. 10, 2014). Clemson defensive lineman Bryan Bresee runs a drill at the NFL football scouting combine in Indianapolis, Thursday, March 2, 2023. 1 of 2. D_L YF Type of Review: Extension and revision of currently approved collections. (1), and 7.b. An institution would be required to use the total consolidated assets it reports in its Call Report as of June 30, 2021, when determining eligibility to use the FFIEC 051 in calendar year 2022, consistent with the existing instructions for the FFIEC 051. 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. Comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. 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. Estimated Average Burden per Response: 41.92 burden hours per quarter to file. (As of December 2021), Optional Narrative Statement - Concerning the Amounts Reported in the Reports of Condition and Income The changes to the FFIEC 031, FFIEC 041 and FFIEC 051 Call Report forms and instructions proposed in this notice would not have an impact on the existing burden estimates. In the brokered deposits final rule, the FDIC adopted revised criteria for the primary purpose exception based on the relationship between the agent or nominee and its customers. Here you would be brought into a page allowing you to make edits on the document. Deputy Chief Counsel, Office of the Comptroller of the Currency. important initiatives, and more. Also, a 95 percent ASF factor was assigned to affiliate sweep deposits provided by a retail customer or counterparty where the entire amount of the sweep deposit is covered by deposit insurance and where an institution subject to the NSFR final rule has demonstrated to the satisfaction of its appropriate Federal banking agency that withdrawal of the deposit is highly unlikely to occur during a liquidity stress event. These revisions are discussed in the banking agencies' initial and final Paperwork Reduction Act (PRA) notices profiles, working papers, and state banking performance Call Report data also are used to calculate the risk-based assessments for insured depository institutions. (As of December 2022), Schedule RC-B - Securities documents in the last year, 822 Branch or Agency of a Foreign (Non-U.S.) Bank. documents in the last year. About the Federal Register documents in the last year, 11 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. As noted above, under the NSFR Final Rule and the brokered deposits final rule, the agencies stated their intent to update the Call Report to obtain data that will assist in better evaluations of funding stability for sweep deposits over time to determine their appropriate treatment under applicable liquidity regulations and to assess the risk factors associated with sweep deposits for determining their deposit insurance assessment implications, if any. The changes to the Call Report forms and instructions proposed in this notice resulted in the following estimated changes in burden hours per quarter. on For complete information about, and access to, our official publications (As of June 2020). For complete information about, and access to, our official publications 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. (3)(a) to capture the portion of fully insured, non-affiliate sweep deposits reported in Memorandum item 1.h. rendition of the daily Federal Register on FederalRegister.gov does not Call Report data also are used to calculate institutions' deposit insurance assessments and national banks' and federal savings associations' semiannual assessment fees. Federal Register provide legal notice to the public and judicial notice While every effort has been made to ensure that protection; makes large and complex financial institutions resolvable; and The comment period . Except for certain institutions with foreign offices, the Call Report must be received by October 30, 2021. NOTE: This update for the instruction book for the FFIEC 051 Call Report is designed for two-sided (duplex) printing. In general, the . the Federal Register. 5. The agencies are requesting comment on revisions to the reporting forms and instructions for the Call Reports and the FFIEC 002 related to the exclusion of sweep deposits and certain other deposits from reporting as brokered deposits, as indicated by the agencies in the Net Stable Funding Ratio (NSFR) final rule and by the FDIC in its Final Rule on Brokered Deposits and Interest Rate Restrictions (brokered deposits final rule), respectively. 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 . November 2018 Proposed FFIEC 051 Call Report Revisions - Effective September 30, 2019. 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. on September 2022 June 2022 March 2022 December 2021 (As of December 2021), Schedule RC-E - Deposit Liabilities Report Title: Consolidated Reports of . of the issuing agency. In addition, copies of the report forms for the Call Reports can be obtained at the FFIEC's website (https://www.ffiec.gov/ffiec_report_forms.htm). on Profile, FDIC Academic offers a preview of documents scheduled to appear in the next day's 1817 (insured state nonmember commercial and savings banks), and 12 U.S.C. These data items are reported semiannually on the June and December FFIEC 051 Call Report form. An institution must still meet the other criteria for eligibility for the FFIEC 051 in the Call Report instructions. (1), 1.e. 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. For the FFIEC 041 and FFIEC 051 only, the $100 million threshold to report Other borrowed money in Schedule RC-K, item 13. 8. (1), and 3.b.(2). headings within the legal text of Federal Register documents. 5. The FDIC provides a wealth of resources for consumers, . 03/03/2023, 159 The Federal Deposit Insurance Corporation (FDIC) is an The agencies propose to extend for three years, with revision, their information collections associated with the FFIEC 031, FFIEC 041, and FFIEC 051 Call Reports. Type of Review: Extension and revision of currently approved collections. Estimated Number of Respondents: 3,263 insured state nonmember banks and state savings associations. on NARA's archives.gov. Form Number: FFIEC 031 (Consolidated Reports of Condition and Income for a Bank with Domestic and Foreign Offices), FFIEC 041 (Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only), and FFIEC 051 (Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only and Total Assets Less Than $5 Billion). 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. Specifically, the primary purpose exception applies when the primary purpose of the agent's or nominee's business relationship with its customers is not the placement of funds with depository institutions. Principal Deputy Chief Counsel, Office of the Comptroller of the Currency. conferences and events. documents in the last year, by the Coast Guard On December 15, 2020, the FDIC issued the brokered deposits final rule. The Call report unit collects data from 7th District state member banks on a quarterly basis. The FFIEC 002S must be filed quarterly along with the U.S. branch or agency's FFIEC 002. (2) for not 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 less than the entire amount of the deposit is covered by deposit insurance; Memorandum item 1.h. During 2020, relief measures enacted by Congress through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)[1] (As of December 2021), Glossary Register, and does not replace the official print version or the official The proposed changes discussed below affect the Call Reports and the FFIEC 002. system. Learn about the FDICs mission, leadership, 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 Comments submitted in response to this joint notice will be shared among the agencies. New Documents (As of December 2020), Schedule RC-L - Off-Balance Sheet Items system. Document Drafting Handbook documents in the last year, 11 Estimated Average Burden per Response: 45.40 burden hours per quarter to file. [COURTESY PHOTO] Courtesy photo. collection of financial education materials, data tools, . documents in the last year, by the National Oceanic and Atmospheric Administration Counts are subject to sampling, reprocessing and revision (up or down) throughout the day. PDF reader. This PDF is Estimated Number of Respondents: 739 state member banks. For these items, an institution would measure the 5 percent threshold as of the same date as of which it measures total consolidated assets. 02/04/2021 at 8:45 am. of this Supplementary Information section. 11/27/2020 at 8:45 am. documents in the last year, 36 11. All comments, which should refer to the Call Report Reporting Revisions, will be shared among the agencies. (As of December 2021), Schedule RI - Income Statement (Note: The texts in blue are meant to help you answer the questions. (As of September 2020), Schedule RC-R - Part I - Regulatory Capital Components and Ratios The FDIC is proud to be a pre-eminent source of U.S. . See Section 29(g) of the Federal Deposit Insurance Act (FDI Act) (12 U.S.C. 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 Reporting Forms and Instructions - FFIEC 031 ; Reporting Forms and Instructions - FFIEC 041 ; Reporting Forms and Instructions - FFIEC 051; Frequently Asked Questions (FAQs) [1] Due to aggressive automated scraping of FederalRegister.gov and eCFR.gov, programmatic access to these sites is limited to access to our extensive developer APIs. profiles, working papers, and state banking performance It was viewed 44 times while on Public Inspection. Origin: Imported. Accordingly, your comments will not be edited to remove any identifying or contact information. 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 . The following business relationships were identified in the brokered deposits final rule as designated exceptions from the deposit broker definition and are business relationships in which, with respect to a particular business line: (1) Less than 25 percent of the total assets that the agent or nominee has under administration for its customers is placed at depository institutions (25 percent test); (2) 100 percent of depositors' funds that the agent or nominee places, or assists in placing, at depository institutions are placed into transactional accounts that do not pay any fees, interest, or other remuneration to the depositor; (3) a property management firm places, or assists in placing, customer funds into deposit accounts for the primary purpose of providing property management services; (4) the agent or nominee places, or assists in placing, customer funds into deposit accounts for the primary purpose of providing cross-border clearing services to its customers; (5) the agent or nominee places, or assists in placing, customer funds into deposit accounts for the primary purpose of providing mortgage servicing; (6) a title company places, or assists in placing, customer funds into deposit accounts for the primary purpose of facilitating real estate transactions; (7) a qualified intermediary places, or assists in placing, customer funds into deposit accounts for the primary purpose of facilitating exchanges of Start Printed Page 8484properties under section 1031 of the Internal Revenue Code; (8) a broker-dealer or futures commission merchant places, or assists in placing, customer funds into deposit accounts in compliance with 17 CFR 240.15c3-3(e) or 17 CFR 1.20(a); (9) the agent or nominee places, or assists in placing, customer funds into deposit accounts for the primary purpose of posting collateral for customers to secure credit-card loans; (10) the agent or nominee places, or assists in placing, customer funds into deposit accounts for the primary purpose of paying for or reimbursing qualified medical expenses under section 223 of the Internal Revenue Code; (11) the agent or nominee places, or assists in placing, customer funds into deposit accounts for the primary purpose of investing in qualified tuition programs under section 529 of the Internal Revenue Code; (12) the agent or nominee places, or assists in placing, customer funds into deposit accounts to enable participation in the following tax-advantaged programs: individual retirement accounts under section 408(a) of the Internal Revenue Code, Simple individual retirement accounts under section 408(p) of the Internal Revenue Code, and Roth individual retirement accounts under section 408A of the Internal Revenue Code; (13) a Federal, State, or local agency places, or assists in placing, customer funds into deposit accounts to deliver funds to the beneficiaries of government programs; and. documents in the last year, 940 The form for (b) and (c) (Note, this part will not be on the instructions for the exam. 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. )DP& i>`V2=M@l%>E3c9q;$=,:5 Sh (2)(a) to capture the portion of not fully insured, affiliate sweep deposits reported in Memorandum item 1.h. 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. 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 and FFIEC 002 Deposit-Related 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. See the NSFR final rule attached to OCC News Release 2020-138, Board Press Release, and FDIC Press Release 116-2020, all of which are dated October 20, 2020. to the courts under 44 U.S.C. Question 1: The agencies recognize that some deposits may no longer be considered brokered deposits because they are placed through third parties that meet one of the designated exceptions. The President of the United States issues other types of documents, including but not limited to; memoranda, notices, determinations, letters, messages, and orders. The changes to the forms can be reviewed via the r edlined copies of the FFIEC 031, FFIEC 041, and FFIEC 051 Call Report forms that are available on the FFIEC webpage for each report. 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. on 9. Mar 2, 2023. The revised Call Reports incorporate changes related to the . nation's financial system. 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). (As of June 2020). 1515 0 obj <>stream publication in the future. Winds NNW at 5 to 10 mph.. Tonight (As of December 2022), Schedule RC-R - Part II - Risk-Weighted Assets All comments, which should refer to the Call Report and FFIEC 002 Deposit-Related Revisions, will be shared among the agencies. Specifically, the following five data items would be added to Schedule RC-E, Deposit Liabilities, on all three versions of the Call Report (FFIEC 031, FFIEC 041, and FFIEC 051) and would be applicable to insured depository institutions of all sizes. This feature is not available for this document. stated Call Report references are to the FFIEC 041. The changes to the Call Report forms and instructions proposed in this notice result in an increase in estimated average burden hours per quarter by type of . Furthermore, consistent with the discussion of the data items proposed to be collected in the Call Report and the FFIEC 002 in section II.B. Estimated Total Annual Burden: 523,777 burden hours to file. hbbd``b`A DH+YH Only official editions of the The data also are used to augment the bank credit, loan, and deposit information needed for monetary policy and other public policy purposes. Estimated Average Burden per Response: 40.13 burden hours per quarter to file. Call us at 208-232-4161; . 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. 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. Reporting of these data items in a given calendar year is determined based on whether an institution has crossed the total asset threshold based on the total consolidated assets reported as of June 30 of the prior year. [2] The OFR/GPO partnership is committed to presenting accurate and reliable Financial institutions with only domestic offices and less than or equal to $1 billion in total assets qualify for the streamlined report, which will be available for the March 31, 2017, report date. The specific wording of the captions for the proposed new Call Report Schedule RC-E Memorandum items and FFIEC 002 Schedule O Memorandum items discussed in this proposal and the numbering of these Memorandum items should be regarded as preliminary. (2), and 3.a through 3.d. The FFIEC 041 and 051 reports will be referenced in the presentation and materials. Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Instructions for Preparation of Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only and Total Assets Institution Letters, Policy 1503 & 1507. 03/03/2023, 234 hTKSQ?osscsE&.sYYn1>,i xzE2f$aM,LpX"*>$t3{; p $:@G" !Q(0]`"NeZ)zzaho7/knD{X5C9a_URU*}WW*4(K+2v2C]w\Y*-:/}IWXNi0nU&k/7Y\ft-c]GR~%*IKz)gZOyKM9&[Y)dCDwgcjcMK7p:vyh $ kdj1 This document has been published in the Federal Register. These information collections are mandatory (12 U.S.C. Collateral on the loan is rental property. See 12 CFR 3.12 (OCC); 12 CFR 217.12 (Board); 12 CFR 324.12 (FDIC). including facilitating and primary purpose.[5] The President of the United States manages the operations of the Executive branch of Government through Executive orders. documents in the last year, 36 daily Federal Register on FederalRegister.gov will remain an unofficial establishing the XML-based Federal Register as an ACFR-sanctioned The Report of Income schedules provide details on income and expenses. ICR 202105-7100-007. 1. NOTE: This update for the instruction book for the FFIEC 051 Call Report is designed for two-sided (duplex) printing. The agencies are proposing this relief for calendar year 2021 only. 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 December 2022): The following documents are formatted as PDF files. documents in the last year, 467 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. documents in the last year, by the Energy Department documents in the last year, 26 offers a preview of documents scheduled to appear in the next day's 86, No. (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. The estimated average burden hours collectively reflect the estimates for the FFIEC 031, the FFIEC 041, and the FFIEC 051 reports for each agency. The .gov means its official. should verify the contents of the documents against a final, official (14) the agent or nominee places, or assists in placing, customer funds into deposit accounts pursuant to such other relationships as the FDIC specifically identifies as a designated business relationship that meets the primary purpose exception. 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. The Call Report data may result in information . These same items also have a 5 percent activity threshold for institutions with less than $300 million in total consolidated assets. 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". regulatory information on FederalRegister.gov with the objective of About the Federal Register 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. Profile, FDIC Academic The https:// ensures that you are connecting to Frequency of Response: Quarterly.Start Printed Page 76660. 1503 & 1507. regulatory information on FederalRegister.gov with the objective of Associate assignments may be temporary, part-time and/or on-call and may be immediate or as . Keep up with FDIC announcements, read speeches and Call Reports are the source of the most current statistical data available for identifying areas of focus for on-site and off-site examinations. The https:// ensures that you are connecting to (As of December 2021), General Instructions The U.S. has imposed sanctions and visa restrictions on five Russian officials and an expert witness involved in the incarceration of Vladimir Kara-Murza, a Russian opposition politician who has been This prototype edition of the the current document as it appeared on Public Inspection on 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 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. https://www.fdic.gov/news/press-releases/2020/pr20127.html. Below you can get an idea about how to edit and complete a Draft FFIEC 031 Reporting Form for the Call Report Revisions easily. 03/03/2023, 207 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. changes for banks, and get the details on upcoming
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