OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Consolidated Reports of Condition and Income

ICR 200810-7100-008 · OMB 7100-0036 · Historical Active

Forms and Documents
Document
Name
Status
Form
 Modified
Supplementary Document
2008-11-24
Supporting Statement A
2008-11-24
IC Document Collections
IC ID
Document
Title
Status
43112 Modified
ICR Details
7100-0036 200810-7100-008
Historical Active 200710-7100-001
FRS FFIEC 031 and FFIEC 041
Consolidated Reports of Condition and Income
Revision of a currently approved collection   No
Emergency 11/26/2008
Approved without change 11/26/2008
Retrieve Notice of Action (NOA) 11/24/2008
  Inventory as of this Action Requested Previously Approved
05/31/2009 6 Months From Approved 03/31/2011
3,540 0 3,540
186,027 0 184,328
0 0 0
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.
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.
US Code: 12 USC 324 Name of Law: Federal Reserve Act
  
None
3064-AD37 Final or interim final rulemaking 73 FR 64179 10/29/2008
No
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
  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
Yes
Changing Regulations
No
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.
$1,589,906
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Cindy Ayouch 202-452-2204 cynthia.m.ayouch@frb.gov
  No
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.
11/24/2008