Federal Register - February 18, 2021

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jbell on DSKJLSW7X2PROD with NOTICES

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Federal Register / Vol. 86, No. 31 / Thursday, February 18, 2021 / Notices
measurement dates for FFIEC 051 Call Report eligibility,6 and the agencies proposed conforming changes to the Call Report instructions. However, the IFR did not modify the total consolidated assets FFIEC 051 eligibility criteria of less than $5 billion contained in the rules definition of covered depository institution. The agencies intend for the Call Report instructions to be consistent with the rules definition of covered depository institutions.
In addition to the comments received on the proposed Call Report revisions, the agencies received comments on their IFR. In order to implement reporting changes related to the IFR so that they are effective for the March 31, 2021, Call Report, the agencies must publish this notice in advance of concluding their review of comments on the IFR.
Therefore, if any potential changes to the IFR would affect the Call Report, the agencies would publish for comment any associated revisions to the Call Report through the standard PRA
process, as appropriate.
After considering the comments, the agencies are proceeding with the changes to the Call Reports as proposed.
The agencies also received a question from a Call Report software provider seeking clarification of the total asset amounts reported and used in calculations related to certain qualifying eligibility criteria for the CBLR.
Generally, the Call Report instructions direct an institution to report total assets as reported in Schedule RC, item 12, in Schedule RCR, Part I, item 32, Total assets, and use that total asset amount for other calculations in Schedule RCR, Part I. An institution that is eligible for and elects to use the CBLR
framework pursuant to the agencies IFR
would report the lesser of its total assets reported in Schedule RC, item 12, as of December 31, 2019, or as of the current quarter-end report date in Schedule RCR, Part I, item 32. However, the agencies are clarifying that an institution should continue to use its total assets as reported in Schedule RC, item 12, as of the current quarter-end report date when reporting other qualifying criteria for the CBLR
framework, i.e., the sum of trading assets and trading liabilities as a percentage of total assets in Schedule RCR, item 33, column B, and total offbalance sheet exposures as a percentage of total assets in Schedule RCR, Part I, item 34.d, column B.
6 An institution must still meet the other criteria for eligibility for the FFIEC 051 in the Call Report instructions.

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III. Timing As stated in the November 2020
notice, 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 its eligibility to file the FFIEC 051 Call Report and whether the institution has crossed a total asset threshold that requires the reporting of certain additional data items in its Call Reports FFIEC 031, FFIEC 041, or FFIEC 051, as applicable for report dates in calendar year 2021. The agencies are proposing this relief for calendar year 2021 only.
In addition, for report dates after the effective date of the agencies asset thresholds rule through December 31, 2021, institutions that elect to use the CBLR framework would report CBLR
information in Call Report Schedule RCR, Part I, as reflected in the Call Report instruction book, except that item 32 Total assets on that schedule should reflect the lesser of the institutions total assets as of December 31, 2019, or as of the current quarterend report date and other qualifying criteria reported on that schedule based on percentages of total assets should use the total assets as of the current quarterend report date.
IV. Request for Comment Public comment is requested on all aspects of this joint notice. 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 e Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.

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Comments submitted in response to this joint notice will be shared among the agencies.
Theodore J. Dowd, Deputy Chief Counsel, Office of the Comptroller of the Currency.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell, Deputy Associate Secretary of the Board.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on or about February 10, 2021.
James P. Sheesley, Assistant Executive Secretary.
FR Doc. 202103210 Filed 21721; 8:45 am BILLING CODE 481033P; 621001P; 671401P

DEPARTMENT OF THE TREASURY
Periodic Meetings of the U.S.
Department of the Treasury Tribal Advisory Committee Department of the Treasury.
Notice of meetings.

AGENCY:
ACTION:

This notice announces that the U.S. Department of the Treasury Tribal Advisory Committee TTAC will convene public meetings from 1:00
p.m.4:00 p.m. Eastern Time on Wednesday, March 17, 2021, and Wednesday, June 16, 2021. Due to COVID19 safety concerns, the meetings will be held via teleconference. The meetings are open to the public, and the teleconference is accessible to individuals with differing abilities.
DATES: The meetings will be held on Wednesday, March 17, 2021, from 1:00
p.m.4:00 p.m. Eastern Time and Wednesday, June 16, 2021, from 1:00
p.m.4:00 p.m. Eastern Time.
ADDRESSES: Due to COVID19 safety concerns, the meetings will be held via teleconference. No registration is required. Participants who wish to join the meetings should call in using 1
8884557136 or 17737993680. For the March 17, 2021 Public Meeting, please use participant passcode 6476771
and conference number 1970361. For the June 16, 2021 Public Meeting, please use participant passcode is 4200152 and conference number 1970369. Upon dialing in you will be asked to state your name, title, and organizational affiliation. It is recommended that you call in 15 minutes before the meeting begins. Those participants who wish to make public comments during one of the meetings should email TTAC@
treasury.gov with your name, title, organizational affiliation, date of the public meeting, and email address at least three business days before the SUMMARY:

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Federal Register - February 18, 2021

TitoloFederal Register

PaeseStati Uniti

Data18/02/2021

Conteggio pagine172

Numero di edizioni7798

Prima edizione14/03/1936

Ultima edizione18/06/2026

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