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. Topics. 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. [FR Doc. 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 . The Federal Deposit Insurance Corporation (FDIC) is an independent agency documents in the last year, 282 that agencies use to create their documents. (As of March 2017), Schedule RI-E - Explanations (As of September 2021), Contents Federal Register. (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. Read reviews and buy Philips 48" LED Glitter String Buck Novelty Sculpture Light Pure White Twinkle at Target. The changes to the Call Reports and the FFIEC 101 report implement the agencies' recent revisions to the regulatory capital rules for the current expected credit losses (CECL) methodology in ASU 2016-13, including a CECL regulatory capital transition. (As of December 2021), Schedule RC-O - Other Data for Deposit Insurance Assessments to the courts under 44 U.S.C. Here you would be brought into a page allowing you to make edits on the document. In addition, the agencies are proposing revisions to the Call Report and FFIEC 002 instructions addressing brokered deposits to align them with the brokered deposits final rule. of this Supplementary Information section. These information collections are mandatory (12 U.S.C. 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 estimated average burden hours collectively reflect the estimates for the FFIEC 031, the FFIEC 041, and the FFIEC 051 reports for each agency. Get started now. (1), 7.a. 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. The Call Report is constantly in a state of change. The FDIC is proud to be a pre-eminent source of U.S. better and aid in comparing the online edition to the print edition. to the courts under 44 U.S.C. Loan Purpose on 50/50 Loan. (As of September 2021), Schedule RC-F - Other Assets documentation of laws and regulations, information on One is based on a passage (see Example 1). OCC: Kevin Korzeniewski, Counsel, Chief Counsel's Office, (202) 649-5490. The FDIC provides a wealth of resources for consumers, Collateral on the loan is rental property. of the issuing agency. All three versions of the Call Report also include total asset thresholds for reporting certain additional data items. The FDIC publishes regular updates on news and activities. NOTE: This update for the instruction book for the FFIEC 051 Call Report is designed for two-sided (duplex) printing. These can be useful on (4) 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 less than the entire amount of the deposit is covered by deposit insurance. 11/27/2020 at 8:45 am. The agencies are proposing this relief for calendar year 2021 only. Part III of our blog series on call report frequently asked questions addresses the area of construction, land development, and other land loans. The loan purpose is for home improvement. the instructions issued by the appropriate Federal regulatory authority and are true and correct. 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. Form Number: FFIEC 031 (Consolidated Reports of Condition and For the FFIEC 031 and FFIEC 041 only, the $10 billion threshold to report additional information on derivatives in Schedule RI, Memorandum items 9.a and 9.b, and Schedule RC-L, items 16.a and 16.b. (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. include documents scheduled for later issues, at the request FFIEC 031, FFIEC 041, or FFIEC 051 Call Report forms to implement certain recent changes to the agencies' . The agencies do not want to create a short-term increase in burden on these community institutions to comply with the additional reporting for a single year. (As of December 2022), Schedule RC - Balance Sheet FFIEC 051 for a listing of data items reported less frequently than quarterly on that report form. (2), 7.b. Question 2: If the agencies collect data on designated exceptions other than deposit sweeps placed through a third party that meets a designated exception, are there alternative approaches that the agencies should consider for collecting data? The associated changes to the Call Reports related to TLAC will be . Federal Register/Vol. Are these collections also appropriate for depository institutions Start Printed Page 8486already subject to the LCR and NSFR rules with total consolidated assets between $10 and $100 billion? 03/03/2023, 266 FFIEC 031, FFIEC 041, and FFIEC 051 18 Question Format OMB Supporting Statement ( Supplementary Document ) Notice: This form may be outdated. [4] (As of December 2021), Glossary FFIEC: Reports of Condition and Income Instructions. (1), 1.e. 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. Due to the asset growth considerations discussed above, the agencies have revised their rules on FFIEC 051 eligibility[3] These markup elements allow the user to see how the document follows the 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. Instead, the agencies periodically reevaluate their burden estimates based on the data items that are regularly completed by institutions. For the FFIEC 041 and FFIEC 051 only, the $100 million threshold to report Other borrowed money in Schedule RC-K, item 13. 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 2. 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. The .gov means its official. the official SGML-based PDF version on govinfo.gov, those relying on it for FDIC: You may submit comments, which should refer to Call Report and FFIEC 002 Deposit-Related Revisions, by any of the following methods: Additionally, commenters may send a copy of their comments to the OMB desk officer for the agencies by mail to the Office of Information and Regulatory Affairs, U.S. Office of Management and Budget, New Executive Office Building, Room 10235, 725 17th Street NW, Washington, DC 20503; by fax to (202) 395-6974; or by email to oira_submission@omb.eop.gov. Estimated Average Burden per Response: 45.61 burden hours per quarter to file. Supervision and deposit insurance assessments evaluate risk, in part, based on data institutions report on the Call Report. (1), 3.a. (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. (As of September 2019), Schedule RC-C2 - Loans to Small Businesses and Small Farms The brokered deposits final rule takes effect April 1, 2021. 03/03/2023, 1465 They are not part of the instructions proper and will not appear on the exam. FDIC: Manuel E. Cabeza, Counsel, (202) 898-3767, Legal Division, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. The Federal Reserve System collects and processes these reports on behalf of all three agencies. Soup for Souls will take place tonight at 400 Grant. regulatory information on FederalRegister.gov with the objective of The requirements for each report form depend on the bank's size, the nature of its activities, and whether it has foreign offices. Learn more here. We worked through the extensive changes that took place over the course of the past few years. on Estimated Number of Respondents: 739 state member banks. on 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. This prototype edition of the FDIC: Manuel E. Cabeza, Counsel, (202) 898-3767, Legal Division, Federal Start Printed Page 8482Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. above. documents in the last year, 36 FFIEC 051 reporters:ForU.S.domesticallychartered commercial banks with domestic offices and less than. Branches and Agencies of Foreign Banks), as applicable, and as they may be amended or superseded from time to time in accordance with the . These tools are designed to help you understand the official document documentation of laws and regulations, information on 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 (As of September 2020), Schedule RC-R - Part I - Regulatory Capital Components and Ratios The Public Inspection page The agencies believe the change to the measurement date for the total asset thresholds used to determine additional reporting requirements for report dates in 2021 only that is proposed in this notice will not result in a change in the burden estimates currently approved by OMB. The Call Report information collections are mandatory: 12 U.S.C. (As of December 2021), Schedule RI-C - Disaggregated Data on the Allowance for Loan and Lease Losses These redlined copies indicate the affected footnotes and draft Supplemental Instructions providing guidance on the temporary adjustment to the measurement date . On December 15, 2020, the FDIC issued the brokered deposits final rule. Report Title: Consolidated Reports of Condition and Income (Call Report). Mar 2, 2023. Associate assignments may be temporary, part-time and/or on-call and may be immediate or as . developer tools pages. (1) and (2). Memorandum item 1.h. The documents posted on this site are XML renditions of published Federal (As of September 2020), Schedule RC-R - Part I - Regulatory Capital Components and Ratios (As of December 2020), Schedule RC-L - Off-Balance Sheet Items 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. Only official editions of the 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. Remove. documents in the last year, 20 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. These five data items would be collected quarterly on the FFIEC 031 and 041 Call Reports and semiannually on the FFIEC 051 Call Report. 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. 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. Question 4: For institutions subject to the liquidity regulations, such rules delineate between retail and wholesale customers or counterparties. OMB 7100-0036. The estimated average burden hours collectively reflect the estimates for the FFIEC 031, the FFIEC 041, and the FFIEC 051 reports for each agency. Memorandum item 1.h. In addition, the following four data items would be added to Schedule RC-E, Deposit Liabilities, on the FFIEC 031 Call Report only and would be completed quarterly only by institutions with $100 billion or more in total assets.[8]. 9. Care and Cleaning: Spot or Wipe Clean & Drying Instructions Not Provided. (4)(a) to report the additional deposit data discussed in section II.B. As such, would the LCR rule's definition of retail customer or counterparty be appropriate to apply to reporting by institutions with less than $100 billion in total assets, including that (i) the reporting institution manages its transactions with a business customer, including deposits, unsecured funding, and credit facility and liquidity facility transactions, in the same way it manages its transactions with individuals; and (ii) transactions with the business customer have liquidity risk characteristics that are similar to comparable transactions with individuals? 051 Cover Page For complete information about, and access to, our official publications on which should refer to the ''Call Report Revisions,'' will be shared among the agencies. }MEu=utP#/ >vnkj'zLV|e~ m:R#q/tyM`JClhYX\y,dsBt 0b %T h@#KfKXZ{A!Pg(tJJ-`cQgvq 0xb+z7k (As of September 2021), Schedule SU - Supplemental Information 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. In this Issue, Documents "@X+3|,^T2WGaXqS+&FEoZuQ[B^K% documents in the last year, 20 For the FFIEC 031 only, the $10 billion threshold to report additional information on deposits in foreign offices in Schedule RC-E, Part II. UPC: 191908896175. 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.