documents in the last year, 86 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. 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. changes for banks, and get the details on upcoming (1)(a), 1.h. (2), and 3.a through 3.d. Board of Governors of the Federal Reserve System. The proposed new data items would provide the agencies with observations about the varying liquidity and other risk characteristics of these different types of sweep deposits. It is not an official legal edition of the Federal The $1 billion threshold to report components of deposit fee income in Schedule RI, Memorandum items 15.a through 15.d; disaggregated credit loss allowance data in Schedule RI-C; components of transaction and nontransaction savings consumer deposit account products in Schedule RC-E, Memorandum items 6.a, 6.b, 7.a. (1), and 3.b.(2). Analyzing Your Bank's Financial Statement Seminar - Virtual. 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. While every effort has been made to ensure that documents in the last year, 822 A Notice by the Comptroller of the Currency, the Federal Reserve System, and the Federal Deposit Insurance Corporation on 02/05/2021. 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. endstream endobj 1505 0 obj <>/Metadata 217 0 R/Outlines 301 0 R/Pages 1496 0 R/StructTreeRoot 339 0 R/Type/Catalog/ViewerPreferences<>>> endobj 1506 0 obj <>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 1507 0 obj <>stream For the FFIEC 031 only, the $10 billion threshold to report additional information on deposits in foreign offices in Schedule RC-E, Part II. are not part of the published document itself. Estimated Average Burden per Response: 40.13 burden hours per quarter to file. of this Supplementary Information section. 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. (As of September 2021), Schedule RC-F - Other Assets Only official editions of the Call us at 208-232-4161; . 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. (As of December 2020), Schedule RC-L - Off-Balance Sheet Items Final Rule for Proposed Revisions to the FFIEC 051 Call Report - published June 21, 2019. . The agencies are not proposing to permit an alternate measurement date for larger total asset thresholds within the Call Reports, as the additional data items required at higher total assets Start Printed Page 76661thresholds have increased relevance for agency supervisory monitoring. sharing sensitive information, make sure youre on a federal The FDIC is proud to be a pre-eminent source of U.S. Care and Cleaning: Washing Instructions Not Provided & Drying Instructions Not Provided. The FDIC plans to monitor this data and could consider in the future whether modifications to deposit insurance assessment pricing are warranted, consistent with the statutory requirement that the assessments be risk-based. The service ensures customers' MTR rooms are optimized for maximum . Estimated Total Annual Burden: FFIEC 00220,791 hours; FFIEC 002S912 hours. Origin: Imported. The Call report collects basic financial data of commercial banks in the form of a balance sheet, an income statement, and supporting schedules. For the FFIEC 041 and FFIEC 051 only, the $300 million threshold. 4. The current Call Report instructions permit an institution to file the FFIEC 051 version of the Call Report if it meets certain criteria consistent with those rules. documents in the last year, 36 encrypted and transmitted securely. Estimated Average Burden per Response: 39.96 burden hours per quarter to file. Origin: Imported. Get started now. 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 of September 2020), Schedule RC-M - Memoranda Tel. on documents in the last year, 822 The documents posted on this site are XML renditions of published Federal Comment is specifically invited on: (a) Whether the proposed revisions to the collections of information that are the subject of this notice are necessary for the proper performance of the agencies' functions, including whether the information has practical utility; (b) The accuracy of the agencies' estimates of the burden of the information collections as they are proposed to be revised, including the validity of the methodology and assumptions used; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of information collections on respondents, including through the use of automated collection techniques or other forms of information technology; and. 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). (As of December 2021), Optional Narrative Statement - Concerning the Amounts Reported in the Reports of Condition and Income The form for (b) and (c) (Note, this part will not be on the instructions for the exam. 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). Principal Deputy Chief Counsel, Office of the Comptroller of the Currency. (As of December 2021), General Instructions The Report of Condition schedules provide details on assets, liabilities, and capital accounts. The agencies propose to revise the Call Report and FFIEC 002 instructions to add the following definition for sweep deposit: A sweep deposit means a deposit held at the reporting institution by a customer or counterparty through a contractual feature that automatically transfers to the reporting institution from another regulated financial company at the close of each business day amounts identified under the agreement governing the account from which the amount is being transferred. The changes to the Call Reports and the FFIEC 002 are proposed to take effect as of the June 30, 2021, report date. Keep up with FDIC announcements, read speeches and 3. Federal Register/Vol. When autocomplete results are available use up and down arrows to review and enter to select. (As of December 2021), Schedule RC-E - Deposit Liabilities 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. we will get back to you as quickly as we can. (As of December 2021), Schedule RC-E - Deposit Liabilities 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 . (As of December 2021), Glossary endstream endobj startxref Here you would be brought into a page allowing you to make edits on the document. Branches and Agencies of Foreign Banks; Report of Assets and Liabilities of a Non-U.S. (3)(a) to capture the portion of fully insured, non-affiliate sweep deposits reported in Memorandum item 1.h. 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 . (As of March 2017), Schedule RI-E - Explanations Estimated Number of Respondents: 3,263 insured state nonmember banks and state savings associations. update and should be filed promptly in your instruction book for the FFIEC 051 Call Report. 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 Estimated Number of Respondents: 3,263 insured state nonmember banks and state savings associations. corresponding official PDF file on govinfo.gov. developer tools pages. This repetition of headings to form internal navigation links report forms and instructions for the Call Reports can be obtained at the FFIEC's website . 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. Since ASU 2016-13 has different effective dates for different institutions, the reporting . publication in the future. Insurance, FDIC National Survey of Unbanked and Underbanked Households, Quarterly Banking The agencies are requesting comment on an adjustment to the measurement date for certain total asset thresholds that trigger additional reporting requirements in the Call Reports for report dates in 2021 only due to institution asset growth in 2020 related to participation in various coronavirus disease 2019 (COVID-19) related stimulus activities. Additionally, FDIC, in a letter to financial institutions, announced that Call Reports for the June 30, 2021 reporting date must be submitted to the Central Data Repository of the relevant US agencies by July 30, 2021, with the exception of certain institutions with foreign offices. PDF Help - Information on downloading and using the 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? This site displays a prototype of a Web 2.0 version of the daily documents in the last year, 122 4. 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 the agencies proposed to revise the Call Report instructions Glossary entry for "Income Taxes" to address treatment of temporary difference deferred and operating . Free standard shipping with $35 orders. These can be useful For the FFIEC 031 and FFIEC 041 only, the $1 billion threshold to report information on certain income from mutual funds and annuities in Schedule RI, Memorandum item 2; and financial and performance standby letters of credit conveyed to others in Schedule RC-L, items 2.a and 3.a. The President of the United States issues other types of documents, including but not limited to; memoranda, notices, determinations, letters, messages, and orders. This PDF is This webinar will cover new accounting and regulatory matters that impact the financial services industry and require reporting changes currently impacting the Call Report and those scheduled to impact the first quarterly filing for March 31, 2022. [2] In addition to the questions included above comment is specifically invited on: (a) Whether the proposed revisions to the collections of information that are the subject of this notice are necessary for the proper performance of the agencies' functions, including whether the information has practical utility; (b) The accuracy of the agencies' estimates of the burden of the information collections as they are proposed to be revised, including the validity of the methodology and assumptions used; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of information collections on respondents, including through the use of automated collection techniques or other forms of information technology; and. Instructions: You must include ''OCC'' as the agency name and ''1557- 0081'' in your comment. 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. On December 15, 2020, the FDIC issued the brokered deposits final rule. The current Call Report instructions permit an institution to file the FFIEC 051 version of the Call Report if it meets certain criteria consistent with those rules. Browse our extensive research tools and reports. The Federal Deposit Insurance Corporation (FDIC) is an Non-affiliate sweep deposits would be defined as sweep deposits that are not deposited in accordance with a contract between a customer or counterparty and a reporting institution, a reporting institution's consolidated subsidiary, or a company that is a consolidated subsidiary of the same top-tier company of which the reporting institution is a consolidated subsidiary. Review of form FFIEC 051 and related instructions . In this Issue, Documents Instead, the agencies periodically reevaluate their burden estimates based on the data items that are regularly completed by institutions. Here is the loan scenario: We have a HELOC for $100,000. on history, career opportunities, and more. Less than $5 Billion (As of September 2021): The following documents are formatted as PDF files. and are proposing to temporarily revise the instructions for the FFIEC 051 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 evaluating eligibility to use the FFIEC 051 for report dates in calendar year 2021. Register, and does not replace the official print version or the official (As of December 2021), Schedule RC-R - Part II - Risk-Weighted Assets 03/03/2023, 266 bankers, analysts, and other stakeholders. 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. documents in the last year, by the Nuclear Regulatory Commission 03/03/2023, 1465 Branch or Agency of a Foreign (Non-U.S.) Bank. Accordingly, your comments will not be edited to remove any identifying or contact information. (AP Photo/Michael Conroy) The new FFIEC 051 Call Report is a streamlined version of the existing FFIEC 041 Call Report filed by all institutions with domestic offices. (As of December 2022), Instruction Book Update "@X+3|,^T2WGaXqS+&FEoZuQ[B^K% Interested parties are invited to submit written comments to any or all of the agencies. 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. The agencies made available on the FFIEC website redline changes related to SA-CCR in the forms and instructions for Schedule RC-R, Part I, Regulatory . 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 Number of Respondents: 1,111 national banks and federal savings associations. The final rule assigned a 90 percent Available Stable Funding (ASF) factor to affiliate sweep deposits provided by a retail customer or counterparty. FDIC examiners will continue to review funding as part of safety and soundness examinations, regardless of whether or not the deposits used by the [insured depository institution] IDI are brokered.. (As of December 2021), Schedule RC-N - Past Due and Nonaccrual Loans, Leases, and Other Assets Type of Review: Extension and revision of currently approved collections. )DP& i>`V2=M@l%>E3c9q;$=,:5 Sh daily Federal Register on FederalRegister.gov will remain an unofficial Office of the Comptroller of the Currency (OCC), Treasury; Board of Governors of the Federal Reserve System (Board); and Federal Deposit Insurance Corporation (FDIC). The documents posted on this site are XML renditions of published Federal 12 CFR 52.2 (OCC); 12 CFR 208.121 (Board); 12 CFR 304.12 (FDIC). (2); and estimated uninsured deposits in Schedule RC-O, Memorandum item 2. provide legal notice to the public or judicial notice to the courts. documents in the last year, 122 current Call Report instructions require that the signed cover page must be attached to a printout or copy of the Call Report forms or data reported to the agencies. . on https://www.fdic.gov/news/press-releases/2020/pr20127.html. The agencies are proposing this relief for calendar year 2021 only. %%EOF offers a preview of documents scheduled to appear in the next day's An institution would be required to use the total consolidated assets reported in its Call Report as of June 30, 2021, when determining whether it must complete any additional items subject to the total asset threshold in calendar year 2022. created by the Congress to maintain stability and public confidence in the documents in the last year, by the Coast Guard The FFIEC 051 Call Report instruction book will be updated to incorporate relevant information from the December 2020 COVID-19 Related Supplemental Instructions (Call Report) at a future date. Full compliance with this final rule is extended to January 1, 2022. %PDF-1.6 % manages receiverships. 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). independent agency created by the Congress to maintain FFIEC 051 RI - INCOME STATEMENT. 1 of 2. documents in the last year, by the Coast Guard to the courts under 44 U.S.C. hb```,@Abl@a0aa# x=30)&d$%+gKzE..97}97\u%b4K+jUV'300rd:((wEDSe6@ {G7]f c! Z- ,Ee;&)q"+: :V!f"1AB|Y. Would it also be beneficial for institutions with less than $100 billion in total assets to report sweep deposits based on whether they are received from a retail or wholesale counterparty? . As such, the agencies are proposing including an additional Call Report item related to sweep deposits placed by third parties that meet the primary purpose exception. This prototype edition of the 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. Estimated Number of Respondents: FFIEC 002209; FFIEC 002S38. FFIEC 031 and 041 GENERAL INSTRUCTIONS. Care and Cleaning: Spot or Wipe Clean & Drying Instructions Not Provided. Topics. 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? 1503 & 1507. (As of March 2017), Schedule RI-E - Explanations Counts are subject to sampling, reprocessing and revision (up or down) throughout the day. the Federal Register. documents in the last year, 1411 Much of this growth, especially growth related to PPP lending, is likely to be temporary, and the increase in assets currently held by an institution may not reflect a change in the institution's longer-term risk profile. 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. (4) and 1.i, to report the deposit data discussed in section II.B. Recent revisions of the Call Report and the implications These thresholds include the $100 million, $300 million, $1 billion, $5 billion, and $10 billion in total asset threshold within the Call Reports. 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. 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 . developer tools pages. 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. headings within the legal text of Federal Register documents. 1817 (insured state nonmember commercial and savings banks), and 12 U.S.C. Select a tool you desire from the toolbar that pops up in the dashboard. documents in the last year. For the FFIEC 041 and FFIEC 051 only, the $100 million threshold to report Other borrowed money in Schedule RC-K, item 13. h|R]k0+yTDv&&>@lc% CBB9{ )Mn0 In general, the . supervises financial institutions for safety, soundness, and consumer has no substantive legal effect. For example, should the agencies consider reporting based upon certain material thresholds or concentrations in deposits gathered through any one or more of the designated exceptions? This feature is not available for this document. This table of contents is a navigational tool, processed from the . documents in the last year, 513 (As of December 2022), Schedule RI-B - Charge-Offs and Recoveries on Loans and Leases and Changes in Allowances for Credit Losses [6] The https:// ensures that you are connecting to FFIEC 051 for a listing of data items reported less frequently than quarterly on that report form. Comments must be submitted on or before January 29, 2021. 03/03/2023, 159 The Public Inspection page may also 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 current document as it appeared on Public Inspection on Institutions that elect to use the CBLR framework under this temporary relief would report CBLR information in Call Report Schedule RC-R, Part I, except that item 32 (Total assets) on that schedule should reflect the lesser of the institution's total assets as of December 31, 2019, or as of the quarter-end report date. 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". 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? FFIEC: Reports of Condition and Income Instructions. Insurance, FDIC National Survey of Unbanked and Underbanked Households, Quarterly Banking Expect More. The FDIC publishes regular updates on news and activities. 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. All comments, which should refer to the Call Report Reporting Revisions, will be shared among the agencies. documents in the last year, 35 (4)(a) to report the additional deposit data discussed in section II.B. Table 1: Call Report Requirements . The Public Inspection page One is based on a passage (see Example 1).