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Federal Register / Vol. 86, No. 31 / Thursday, February 18, 2021 / Notices 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.
Frequency of Response: Quarterly.
Affected Public: Business or other forprofit.
Type of Review: Revision and extension of currently approved collections.
OCC
OMB Control No.: 15570081.
Estimated Number of Respondents:
1,111 national banks and federal savings associations.
Estimated Average Burden per Response: 41.92 burden hours per quarter to file.
Estimated Total Annual Burden:
186,292 burden hours to file.
Board OMB Control No.: 71000036.
Estimated Number of Respondents:
739 state member banks.
Estimated Average Burden per Response: 45.40 burden hours per quarter to file.
Estimated Total Annual Burden:
134,202 burden hours to file.

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FDIC
OMB Control No.: 30640052.
Estimated Number of Respondents:
3,263 insured state nonmember banks and state savings associations.
Estimated Average Burden per Response: 39.96 burden hours per quarter to file.
Estimated Total Annual Burden:
521,558 burden hours to file.
The estimated average burden hours collectively reflect the estimates for the FFIEC 031, the FFIEC 041, and the FFIEC 051 reports for each agency.
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. 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 described in this notice will not result in a change in the burden estimates currently approved by OMB.
These estimates do not include increases in burden for report dates in 2021 that would have resulted from institutions growing above asset thresholds within the Call Report because these institutions would now be afforded threshold relief. Instead, the agencies periodically reevaluate their burden estimates based on the data
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items that are regularly completed by institutions. Therefore, the burden estimates for these reports would remain the same if these revisions are finalized. 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 agencys supervision e.g., size distribution of institutions, types of activities in which they are engaged, and existence of foreign offices.
Type of Review: Extension and revision of currently approved collections.
Legal Basis and Need for Collections The Call Report information collections are mandatory: 12 U.S.C. 161
national banks, 12 U.S.C. 324 state member banks, 12 U.S.C. 1817 insured state nonmember commercial and savings banks, and 12 U.S.C. 1464
federal and state savings associations.
At present, except for selected data items and text, these information collections are not given confidential treatment.
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.
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.
Call Reports are the source of the most current statistical data available for identifying areas of focus for on-site and off-site examinations. 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. Call Report data also are used to calculate institutions deposit insurance assessments and national banks and federal savings associations semiannual assessment fees.

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II. Current Actions A. Background On November 30, 2020, the agencies proposed revisions to the Call Reports 1
to implement their assets-size threshold interim final rule IFR.2 The IFR
adjusted the total asset measurement dates for eligibility to use the FFIEC 051
Call Report 3 and the community bank leverage ratio CBLR framework to measure regulatory capital.4 In addition to reflecting these regulatory changes, the agencies proposed Call Report revisions 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 certain additional data items in its Call Reports for report dates in calendar year 2021.
The comment period for the November 2020 notice ended on January 29, 2021.
B. Comments Received on the Proposed Call Report Revisions The agencies received comments on these proposed Call Report revisions from one trade association. While the commenter supported the temporary change in measurement date for certain Call Report thresholds, the commenter asked the agencies to raise the eligibility threshold to file the FFIEC 051 from $5
billion to $10 billion in total assets.
The agencies have adopted rules establishing criteria for eligibility to use the FFIEC 051 Call Report.5 The current FFIEC 051 Call Report instructions permit an institution to file the FFIEC
051 Call Report if it meets certain criteria consistent with those rules. One criterion, consistent with Section 205 of the Economic Growth, Regulatory Relief, and Consumer Protection Act, is that an institution must have total consolidated assets of less than $5 billion in its Call Report as of June 30, 2020, when evaluating eligibility to use the FFIEC
051 Call Report for report dates in calendar year 2021. Due to rapid, shortterm growth in assets by some institutions in 2020, which was in part driven by their participation in various coronavirus disease 2019 related relief programs, the agencies issued an IFR to temporarily adjust the total asset 1 85

FR 76658 Nov. 30, 2020.
FR 77345 Dec. 2, 2020.
3 See 12 CFR 52.2 OCC; 12 CFR 208.121 Board;
12 CFR 304.12 FDIC.
4 See 12 CFR 3.12 OCC; 12 CFR 217.12 Board;
12 CFR 324.12 FDIC.
5 See definition of covered depository institutions. 12 CFR 52.2 OCC; 12 CFR 208.121
Board; 12 CFR 304.12 FDIC.
2 85

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