[Federal Register Volume 61, Number 198 (Thursday, October 10, 1996)]
[Notices]
[Pages 53262-53263]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-26017]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY
Office of Thrift Supervision


Proposed Agency Information Collection Activities

AGENCY: Office of Thrift Supervision, Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995. Currently, the Office of Thrift 
Supervision within the Department of the Treasury is soliciting 
comments concerning the Thrift Financial Report.

DATES: Written comments should be received on or before December 9, 
1996 to be assured of consideration.

ADDRESSES: Send comments to Manager, Dissemination Branch, Records 
Management and Information Policy, Office of Thrift Supervision, 1700 G 
Street, NW, Washington, DC 20552, Attention 1550-0023. These 
submissions may be hand delivered to 1700 G Street, NW. From 9:00 A.M. 
to 5:00 P.M. on business days; they may be sent by facsimile 
transmission to FAX Number (202) 906-7755. Comments over 25 pages in 
length should be sent to FAX Number (202) 906-6956. Comments will be 
available for inspection at 1700 G Street, NW., from 9:00 A.M. until 
4:00 P.M. on business days.
    Request for additional information should be directed to Trudy 
Reeves, Financial Reporting Division, Office of Thrift Supervision, 
1700 G Street, NW., Washington, DC 20552, (202) 906-7317. Additional 
information is also available by requesting Document Number 25008 on 
OTS's Publifax line at (202) 906-5660.

FOR FURTHER INFORMATION CONTACT: Trudy Reeves, Financial Reporting 
Division, Office of Thrift Supervision, 1700 G Street, NW., Washington, 
DC 20552, (202) 906-7317.

SUPPLEMENTARY INFORMATION:

    Title: Thrift Financial Report.
    OMB Number: 1550-0023.
    Form Numbers: OTS 1313, OTS 1568.
    Abstract: The information collections described herein will apply 
to all savings associations. The collections are necessary to monitor 
and supervise the thrift industry.
    Current Actions: After reviewing its current supervisory and 
examination needs, the OTS is proposing to make certain changes to the 
Thrift Financial Report (TFR) effective with the March 31, 1997, 
report. All of the changes are necessary to monitor and supervise the 
savings industry, conform to accounting pronouncements, promote 
consistency with the other banking agencies, and to facilitate the 
assessment of deposit insurance premiums by the FDIC. A brief 
description of the proposed changes follows:
     In order to provide consistent reporting of assets within 
the TFR and to report assets on a more consistent basis with the other 
Banking Agencies, the OTS proposes to require that all assets be 
reported net of specific valuation allowances, unearned income, and 
loans-in-process in all schedules of the TFR. This change would have 
the greatest affect on Schedule SC.
     Because only general valuation allowances would be 
reported on Schedule SC, the OTS proposes to expand the reconciliation 
of valuation allowances on Schedule VA to provide a column for general 
valuation allowances (including ALLL), a column for specific valuation 
allowances and a total column that would be computer generated. The 
breakdown of specific

[[Page 53263]]

valuation allowances would be eliminated.
     Because loans in process would no longer be reported on 
Schedule SC, the OTS proposes to add outstanding balances of loans-in-
process for construction loans, other mortgage loans, and nonmortgage 
loans to Schedule CC.
     Due to the supervisory concern over the increase in 
delinquencies of consumer loans, the OTS proposes to add data regarding 
consumer loan delinquencies in Schedule PD. This would provide 
comparability between schedules SC, VA, and PD and facilitate the 
calculation of ratios for monitoring purposes.
     Because there is a supervisory concern over the increase 
in amounts reported in ``Other'' categories in the TFR, the OTS 
proposes to require that the amounts of the three largest items 
comprising the amount an association reports in Other Assets, Other 
Liabilities, Other Noninterest Income, and Other Noninterest Expense be 
identified through selection of codes provided from a list in the TFR 
instructions. Correspondingly, the OTS proposes to delete three line 
items from the Other Asset category and three line items from the Other 
Liabilities category.
     In order to provide consistent presentation with the other 
banking agencies and to conform to generally accepted accounting 
principles (GAAP), the OTS proposes to require the consolidation of 
subsidiary depository institutions where required by GAAP. Data items 
would be added to Schedule SQ identifying any savings associations or 
commercial banks that have been consolidated.
     The OTS proposes to modify the data collected in Schedule 
SC on loan servicing to conform to SFAS 125, which takes effect January 
1, 1997. This data would be consistent with that collected by the other 
banking agencies.
     To facilitate the calculation of the deposit insurance 
assessment base, the FDIC has requested that the OTS add two items in 
Schedule SI to collect data on the netting of items against demand and 
time and savings deposit accounts.
     Reciprocal demand accounts would be reported net in 
Schedule SC to conform with GAAP, and to conform with the 1997 proposed 
changes of the other banking agencies, resulting in the elimination of 
one line item in Schedule SI.
     On July 3, 1996, the FDIC proposed to amend certain 
provisions of its assessment regulations that pertain to institutions 
that belong to one insurance fund but hold deposits that are insured by 
the other insurance fund (known as Oakar institutions). One data item 
in Schedule SI would be replaced with three new items, eliminating the 
need for completion of the annual growth adjustment worksheet.
    Type of Review: Revision.
    Affected Public: Business or For Profit.
    Estimated Number of Respondents and Recordkeepers: 1383.
    Estimated Time Per Respondent: 34.25 hours average.
    Estimated Total Annual Burden Hours: 203,301 hours.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record. Comments are invited 
on: (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information shall have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information; (c) 
ways to enhance the quality; and (d) ways to minimize the burden of the 
collection of information on respondents, including the use of 
automated collection techniques or other forms of information 
technology.

    Dated: October 2, 1996.
Catherine C.M. Teti,
Director, Records Management and Information Policy.
[FR Doc. 96-26017 Filed 10-9-96; 8:45 am]
BILLING CODE 6720-01-P