[Federal Register Volume 75, Number 221 (Wednesday, November 17, 2010)]
[Notices]
[Pages 70355-70363]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-29004]


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DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Proposed Agency Information Collection Activities; Comment 
Request --Thrift Financial Report: Schedules SC, SO, VA, PD, LD, CC, 
CF, DI, SI, FS, CCR, and VIE

AGENCY: Office of Thrift Supervision (OTS), Treasury.

ACTION: Amended notice and request for comment.

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SUMMARY: On October 5, 2010 (75 FR 61563) the OTS inadvertently cited 
on page 61565 the last six bullets as additional requirements for the 
Thrift Financial Report. This notice is issued to correct that error. 
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 comment on proposed and continuing 
information collections, as required by the Paperwork Reduction Act of 
1995, 44 U.S.C. 3507. Today, the Office of Thrift Supervision within 
the Department of the Treasury solicits comments on proposed changes to 
the Thrift Financial Report (TFR), Schedule SC--Consolidated Statement 
of Condition, Schedule SO--Consolidated Statement of Operations, 
Schedule VA--Consolidated Valuation Allowances and Related Data, 
Schedule PD--Consolidated Past Due and Nonaccrual, Schedule LD--Loan 
Data, Schedule CC--Consolidated Commitments and Contingencies, Schedule 
CF--Consolidated Cash Flow Information, Schedule DI--Consolidated 
Deposit Information, Schedule SI--Consolidated Supplemental 
Information, Schedule FS--Fiduciary and Related Services, and Schedule 
CCR--Consolidated Capital Requirement, and on a proposed new Schedule 
VIE--Variable Interest Entities. The changes are proposed to become 
effective in March 2011.
    At the end of the comment period, OTS will analyze the comments and 
recommendations received to determine if it should modify the proposed 
revisions prior to giving its final approval. OTS will then submit the 
revisions to the Office of Management and Budget (OMB) for review and 
approval.

DATES: Submit written comments on or before December 6, 2010.

ADDRESSES: Send comments to Information Collection Comments, Chief 
Counsel's Office, Office of Thrift Supervision, 1700 G Street, NW., 
Washington, DC 20552; send facsimile transmissions to FAX number (202) 
906-6518; send e-mails to [email protected]; or 
hand deliver comments to the Guard's Desk, east lobby entrance, 1700 G 
Street, NW., on business days between 9 a.m. and 4 p.m. All comments 
should refer to ``TFR Revisions--2011, OMB No. 1550-0023.'' OTS will 
post comments and the related index on the OTS Internet Site at http://www.ots.treas.gov. In addition, interested persons may inspect comments 
at the Public Reading Room, 1700 G Street, NW., by appointment. To make 
an appointment, call (202) 906-5922, send an e-mail to 
[email protected], or send a facsimile transmission to (202) 
906-7755.

FOR FURTHER INFORMATION CONTACT: You can access sample copies of the 
proposed 2011 TFR forms on OTS's Web site at http://www.ots.treas.gov 
or you may request them by electronic mail from 
[email protected]. You can request additional information 
about this proposed information collection from James Caton, Managing 
Director, Economic and Industry Analysis Division, (202) 906-5680, 
Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552.

SUPPLEMENTARY INFORMATION:
    Title: Thrift Financial Report.
    OMB Number: 1550-0023.
    Form Number: OTS 1313.
    Abstract: OTS is proposing to revise and extend for three years the 
TFR, which is currently an approved collection of information.
    All OTS-regulated savings associations must comply with the 
information collections described in this notice. OTS collects this 
information each calendar quarter or less frequently if so stated. OTS 
uses this information to monitor the condition, performance, and risk 
profile of individual institutions and systemic risk among groups of 
institutions and the industry as a whole. Except for selected items, 
these information collections are not given confidential treatment.

    Current Actions:

I. Overview

    OTS last revised the form and content of the TFR in a manner that 
significantly affected a substantial percentage of institutions in 
March 2010. Since the beginning of 2010 OTS has evaluated its ongoing 
information needs. OTS recognizes that the TFR imposes reporting 
requirements, which are a component of the regulatory burden facing 
institutions. Another contributor to this regulatory burden is the 
examination process, particularly on-site examinations during which 
institution staff spends time and effort responding to inquiries and 
requests for information designed to assist examiners in evaluating the 
condition and risk profile of the institution. The amount of attention 
that examiners direct to risk areas of the institution under 
examination is, in large part, determined from TFR data. These data, 
and analytical reports, including the Uniform Thrift Performance 
Report, assist examiners in scoping and making their preliminary 
assessments of risks during the planning phase of the examination.
    A risk-focused review of the information from an institution's TFR 
allows examiners to make preliminary risk assessments prior to onsite 
work. The degree of perceived risk determines the extent of the 
examination procedures that examiners initially plan for each risk 
area. If the outcome of these procedures reveals a different level of 
risk in a particular area, the examiner adjusts the examination scope 
and procedures accordingly.
    TFR data are also a vital source of information for the monitoring 
and regulatory activities of OTS. Among their benefits, these 
activities aid in determining whether the frequency of an institution's 
examination cycle

[[Page 70356]]

should remain at maximum allowed time intervals, thereby lessening 
overall regulatory burden. More risk-focused TFR data enhance the 
ability of OTS to assess whether an institution is experiencing changes 
in its risk profile that warrant immediate follow-up, which may include 
accelerating the timing of an on-site examination.
    In developing this proposal, OTS considered a range of potential 
information needs, particularly in the areas of credit risk, liquidity, 
and liabilities, and identified those additions to the TFR that are 
most critical and relevant to OTS in fulfilling its supervisory 
responsibilities. OTS recognizes that increased reporting burden will 
result from the addition to the TFR of the new items discussed in this 
proposal. Nevertheless, when viewing these proposed revisions to the 
TFR within a larger context, they help to enhance the on- and off-site 
supervision capabilities of OTS, which assist with controlling the 
overall regulatory burden on institutions.
    OTS also considered the potential impacts from the enactment of the 
Dodd-Frank Wall Street Reform and Consumer Protection Act (``the Dodd-
Frank Act'') that the President signed into law on July 21. The Dodd-
Frank Act provides for the combination of the OTS into the Office of 
the Comptroller of the Currency 12 to 18 months after the enactment 
date. Employees of the OTS on the transfer date will transfer to the 
OCC, the FDIC, or a new Consumer Financial Protection Bureau. At this 
point, no decision about a possible conversion, if any, from the TFR to 
the Call Report has been made. Nevertheless, effort was made to avoid 
increasing differences between the two reports. For this reason, the 
majority of the proposed changes mirror changes proposed for the Call 
Report. However, proposed are some changes that will further and 
enhance off-site monitoring and on-site examination efficiency.
    Thus, OTS is requesting comment on the following proposed revisions 
to the TFR that would take effect as of March 31, 2011, unless 
otherwise noted. These revisions would change the reporting frequency 
for the number and market value of collective investment funds and 
common trust funds data reported in Memorandum Item 3 of Schedule FS 
from annually to quarterly, revise several existing lines, add new 
lines to the TFR, and add a new Schedule VIE, Variable Interest 
Entities.
    For each of the proposed revisions or new items, OTS is 
particularly interested in comments from institutions on whether the 
information proposed to be collected is readily available from existing 
institution records. OTS also invites comment on whether there are 
particular proposed revisions for which the new data would be of 
limited relevance for purposes of assessing risks in a specific segment 
of the savings association industry. In such cases, OTS requests 
comments on what criteria, e.g., an asset size threshold or some other 
measure, we should establish for identifying the specific segment of 
the savings association industry that we should require to report the 
proposed information. Finally, OTS seeks comment on whether, for a 
particular proposed revision, there is an alternative information set 
that could satisfy OTS data needs and be less burdensome for 
institutions to report than the new or revised items that OTS has 
proposed. OTS will consider all of the comments it receives as it 
formulates a final set of revisions to the TFR for implementation in 
2011. The proposed revisions include:
     A breakdown by loan category of the existing troubled debt 
restructurings for amounts added in the current quarter and amounts 
included in Schedule SC in compliance with modified terms in Schedule 
VA, and for troubled debt restructurings that are past due 30 to 89 
days, 90 days or more, or in nonaccrual status in Schedule PD;
     Additional data for automobile loans, including securities 
backed by automobile loans in Schedule SC, interest income from 
automobile loans in Schedule SO, automobile loans closed, purchased, or 
sold during the quarter in Schedule CF, and the average daily balance 
for automobile loans during the quarter in Schedule SI;
     A breakdown in Schedule SC of the existing items for 
mortgage-backed securities between residential and commercial 
securities issued or guaranteed by U.S. Government agencies and 
sponsored enterprises and those that are not;
     New items for the amount and average daily deposits of 
nonbrokered deposits obtained through the use of deposit listing 
service companies in Schedule DI;
     A breakdown of the existing items for deposits of 
individuals, partnerships, and corporations between deposits of 
individuals and deposits of partnerships and corporations in Schedule 
DI;
     A new Schedule VIE, Variable Interest Entities, for 
reporting the categories of assets of consolidated variable interest 
entities (VIEs) that can be used only to settle the VIEs' obligations, 
the categories of liabilities of consolidated VIEs without recourse to 
the savings association's general credit, and the total assets and 
total liabilities of other consolidated VIEs included in the savings 
association's total assets and total liabilities, with these data 
reported separately for securitization trusts, asset-backed commercial 
paper conduits, and other VIEs;
     Breakdowns of loans and repossessed assets covered by FDIC 
loss-sharing agreements by loan and repossessed asset category in 
Schedule SI, new line in Schedule SI for income received from or 
accrued on assets covered by the FDIC under loss-sharing agreements, 
and a breakdown in Schedule PD of loans past due 30 to 89 days, 90 days 
or more, or in nonaccrual status covered by FDIC loss-sharing 
agreements;
     A breakdown of the existing items for key person life 
insurance in Schedule SC into items for general account and separate 
account life insurance assets;
     New items for the total assets of captive insurance and 
reinsurance subsidiaries in Schedule SI;
     A change in reporting frequency from annual to quarterly 
for the data reported in Schedule FS on collective investment funds and 
common trust funds for those savings associations that currently report 
fiduciary assets and income annually, i.e., banks with fiduciary assets 
greater than $250 million or gross fiduciary income greater than 10 
percent of bank revenue;
     A new item in Schedule SO for service charges on deposit 
accounts;
     A new item in Schedule CCR for qualifying noncontrolling 
(minority) interests in consolidated subsidiaries;
     Two new items in Schedule SC for trust preferred 
securities;
     A more detailed breakdown by loan type in Schedule VA of 
general, specific, and total valuation allowances;
     A breakdown by loan type in Schedule VA of classified 
assets;
    The specific wording of the captions for the new or revised TFR 
data items discussed in this proposal and the numbering of these data 
items should be regarded as preliminary.

I. Discussion of Revisions Proposed for March 2011

A. Troubled Debt Restructurings

    OTS is proposing that savings associations report additional detail 
on loans that have undergone troubled debt restructurings in TFR 
Schedules VA and PD. More specifically, new items are proposed for 
Schedule VA under two columns for the amount of troubled debt 
restructured during the current quarter (odd-numbered lines) and the 
amount of

[[Page 70357]]

troubled debt restructured that is included in Schedule SC in 
compliance with the modified terms (even-numbered lines):

VA211, VA212 Construction Loans (Total of VA213-VA218):
    VA213, VA214 1-4 Dwelling Units
    VA215, VA216 Multifamily (5 or more) Dwelling Units
    VA217, VA218 Nonresidential Property
Permanent Loans, Secured By:
    VA221, VA222 1-4 Dwelling Units
    VA223, VA224 Multifamily (5 or more) Dwelling Units
    VA 225, VA226 Nonresidential Property (Except Land)
    VA227, VA228 Owner-Occupied Nonresidential Property
    VA231, VA232 Other Nonresidential Property
    VA233, VA234 Land
VA241, VA242 Nonmortgage Loans--Total
    V243, VA244 Commercial Loans--Total
    VA245, VA246 Secured
    VA247, VA248 Unsecured
    VA251, VA252 Credit Card Loans Outstanding--Business
    VA253, VA254 Consumer Loans--Total
    New items are proposed in Schedule PD to add detail to troubled 
debt restructuring amounts past due and still accruing, 30-89 days 
(500-series lines), past due and still accruing, 90 days or more (600-
series lines), and nonaccrual (700-series lines):
Construction Loans:
    PD516, PD616, PD716 1-4 Dwelling Units
    PD517, PD617, PD717 Multifamily (5 or more) Dwelling Units
    PD518, PD618, PD718 Nonresidential Property
Permanent Loans, Secured By:
    PD519, PD619, PD719 1-4 Dwelling Units
    PD525, PD625, PD725 Multifamily (5 or more) Dwelling Units
    PD535, PD635, PD735 Nonresidential Property (Except Land)
    PD536, PD636, PD736 Owner-Occupied Nonresidential Property
    PD537, PD637, PD737 Other Nonresidential Property
    PD538, PD638, PD738 Land
PD539, PD639, PD739 Nonmortgage Loans--Total
    PD540, PD640, PD740 Commercial Loans--Total
    PD541, PD641, PD741 Secured
    PD542, PD642, PD742 Unsecured
    PD545, PD645, PD745 Credit Card Loans Outstanding--Business
    PD560, PD660, PD760 Consumer Loans--Total
    In the aggregate, troubled debt restructurings for all insured 
institutions have grown from $6.9 billion at year-end 2007, to $24.0 
billion at year-end 2008, to $58.1 billion at year-end 2009, with a 
further increase to $64.0 billion as of March 31, 2010. The proposed 
additional detail on troubled debt restructurings in Schedules VA and 
PD would enable OTS to better understand the level of restructuring 
activity at savings associations, the categories of loans involved in 
this activity, and, therefore, whether savings associations are working 
with their borrowers to modify and restructure loans. In particular, to 
encourage banks and savings associations to work constructively with 
their commercial borrowers, the federal banking agencies recently 
issued guidance on commercial real estate loan workouts and small 
business lending. While this guidance has explained the agencies' 
expectations for prudent workouts, the agencies do not have adequate 
and reliable data outside of the examination process to assess 
restructuring activity for commercial real estate loans and commercial 
and industrial loans. Further, it is important to separately identify 
commercial real estate loan restructurings from commercial and 
industrial loan restructurings given that the value of the real estate 
collateral is a consideration in an institution's decision to modify 
the terms of a commercial real estate loan in a troubled debt 
restructuring, but such collateral protection would normally be absent 
from commercial and industrial loans for which a loan modification is 
being explored because of borrowers' financial difficulties.
    It is also anticipated that other loan categories will experience 
continued workout activity in the coming months given that every asset 
class has been impacted by the recent recession (as evidenced by the 
increase in past due and nonaccrual assets across all asset classes). 
In addition, because credit availability has substantially decreased, 
borrowers experiencing financial difficulties are left with few 
alternatives for funding and their creditor institutions will need to 
evaluate whether to work with them by granting a concession when 
modifying the terms of their existing loans.
    The new data would provide the OTS with the level of information 
necessary to assess savings associations' troubled debt restructurings 
to the same extent that other loan quality and performance indicators 
can be assessed. However, the OTS notes that, under generally accepted 
accounting principles, troubled debt restructurings do not include 
changes in lease agreements \1\ and we therefore propose to exclude 
leases from the new items proposed.
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    \1\ Accounting Standards Codification paragraph 470-60-15-11.
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B. Auto Loans

    OTS is proposing to collect additional information on automobile 
loans. More specifically, the following new lines are proposed:

SC183 Securities Backed by Auto Loans
SO173 Auto Loans--Interest Income
CF401 Auto Loans Closed or Purchased During Quarter
CF402 Auto Loans Sold During Quarter
SI886 Auto Loans--Average Daily Balance During Quarter

    Automobile loans are a significant consumer business for many large 
savings associations. The proposed additional lines will enhance 
supervisory evaluation and oversight of automobile lending performance 
and risks.

C. Commercial Mortgage-Backed Securities Issued or Guaranteed by U.S. 
Government Agencies and Sponsored Agencies

    OTS is proposing to split the existing items on mortgage-backed 
securities (MBS) in Schedule SC to distinguish between residential and 
commercial MBS issued or guaranteed by U.S. Government agencies and 
sponsored agencies (collectively, U.S. Government agencies) and 
residential and commercial MBS issued by others. OTS proposes to revise 
the following existing lines to report data for residential MBS:

Residential Pass-Through:
    SC210 Insured or Guaranteed by an Agency or Sponsored Enterprise of 
the U.S.
    SC215 Other Pass-Through
Other Residential Mortgage-Backed Securities (Excluding Bonds):
    SC217 Issued or Guaranteed by FNMA, FHLMC, or GNMA
    SC219 Collateralized by Mortgage-Backed Securities Issued or 
Guaranteed by FNMA, FHLMC, or GNMA
    SC222 Other

    OTS proposes the following new lines to report data for commercial 
MBS:

Commercial Pass-Through:
    SC211 Insured or Guaranteed by an Agency or Sponsored Enterprise of 
the U.S.
    SC213 Other Pass-Through
Other Commercial Mortgage-Backed Securities (Excluding Bonds):
    SC223 Issued or Guaranteed by FNMA, FHLMC, or GNMA
    SC224 Collateralized by Mortgage-

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Backed Securities Issued or Guaranteed by FNMA, FHLMC, or GNMA
    SC225 Other

D. Nonbrokered Deposits Obtained Through the Use of Deposit Listing 
Service Companies

    Savings associations currently report information on their funding 
in the form of brokered deposits in Schedule DI. These data are an 
integral component of the regulatory analysis of individual 
institutions' liquidity and funding, including their reliance on non-
core sources to fund their activities.
    Deposit brokers have traditionally provided intermediary services 
for financial institutions and investors. However, the Internet, 
deposit listing services, and other automated services now enable 
investors who focus on yield to easily identify high-yielding deposit 
sources. Such customers are highly rate sensitive and can be a less 
stable source of funding than typical relationship deposit customers. 
Because they often have no other relationship with the financial 
institution, these customers may rapidly transfer funds to other 
institutions if more attractive returns become available.
    OTS expects each institution to establish and adhere to a sound 
liquidity and funds management policy. The institution's board of 
directors, or a committee of the board, should also ensure that senior 
management takes the necessary steps to monitor and control liquidity 
risk. This process includes establishing procedures, guidelines, 
internal controls, and limits for managing and monitoring liquidity and 
reviewing the institution's liquidity position, including its deposit 
structure, on a regular basis. A necessary prerequisite to sound 
liquidity and funds management decisions is a sound management 
information system, which provides certain basic information including 
data on non-relationship funding programs, such as brokered deposits, 
deposits obtained through the Internet or other types of advertising, 
and other similar rate sensitive deposits. Thus, an institution's 
management should be aware of the number and magnitude of such 
deposits.
    To improve its ability to monitor potentially volatile funding 
sources, OTS is proposing two lines to Schedule DI in which savings 
associations would report the amount of deposits and average daily 
deposits obtained through the use of deposit listing services that are 
not brokered deposits:
    DI117 Total Amount of Deposits Obtained Through Deposit Listing 
Services That Are Not Brokered Deposits.
    DI547 Average Daily Deposits Totals: Deposits Obtained Through 
Deposit Listing Services That Are Not Brokered Deposits.
    A deposit listing service is a company that compiles information 
about the interest rates offered on deposits, such as certificates of 
deposit, by insured depository institutions. A particular company could 
be a deposit listing service (compiling information about certificates 
of deposits) as well as a deposit broker (facilitating the placement of 
certificates of deposit). A deposit listing service is not a deposit 
broker if all of the following four criteria are met:
    (1) The person or entity providing the listing service is 
compensated solely by means of subscription fees (i.e., the fees paid 
by subscribers as payment for their opportunity to see the rates 
gathered by the listing service) and/or listing fees (i.e., the fees 
paid by depository institutions as payment for their opportunity to 
list or ``post'' their rates). The listing service does not require a 
depository institution to pay for other services offered by the listing 
service or its affiliates as a condition precedent to being listed.
    (2) The fees paid by depository institutions are flat fees: they 
are not calculated on the basis of the number or dollar amount of 
deposits accepted by the depository institution as a result of the 
listing or ``posting'' of the depository institution's rates.
    (3) In exchange for these fees, the listing service performs no 
services except (A) the gathering and transmission of information 
concerning the availability of deposits; and/or (B) the transmission of 
messages between depositors and depository institutions (including 
purchase orders and trade confirmations). In publishing or displaying 
information about depository institutions, the listing service must not 
attempt to steer funds toward particular institutions (except that the 
listing service may rank institutions according to interest rates and 
also may exclude institutions that do not pay the listing fee). 
Similarly, in any communications with depositors or potential 
depositors, the listing service must not attempt to steer funds toward 
particular institutions.
    (4) The listing service is not involved in placing deposits. Any 
funds to be invested in deposit accounts are remitted directly by the 
depositor to the insured depository institution and not, directly or 
indirectly, by or through the listing service.

E. Deposits of Individuals, Partnerships, and Corporations

    Savings associations currently do not report separate breakdowns of 
their deposit accounts in the TFR by category of depositor. The recent 
crisis has demonstrated that business depositors' behavioral 
characteristics are significantly different than the behavioral 
characteristics of individuals. Thus, separate reporting of deposits of 
individuals versus deposits of partnerships and corporations would 
enable the federal banking agencies to better assess the liquidity risk 
profile of institutions given differences in the relative stability of 
deposits from these two sources.
    OTS is proposing that the following two lines be added to Schedule 
DI:
    DI196 Deposits of Individuals.
    DI197 Deposits of Partnerships and Corporations.
    Under this proposal, accounts for which the depositor's taxpayer 
identification number, as maintained on the account in the savings 
association's records, is a Social Security Number (or an Individual 
Taxpayer Identification Number \2\) should be treated as deposits of 
individuals. In general, all other accounts should be treated as 
deposits of partnerships and corporations. However, line SC710 
currently includes all certified and official checks. To limit the 
reporting burden of this proposed change, official checks in the form 
of money orders and travelers checks would be reported as deposits of 
individuals. Certified checks and all other official checks would be 
reported as deposits of partnerships and corporations. OTS is 
requesting comment on this approach to reporting certified and official 
checks.
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    \2\ An Individual Taxpayer Identification Number is a tax 
processing number only available for certain nonresident and 
resident aliens, their spouses, and dependents who cannot get a 
Social Security Number. It is a 9-digit number, beginning with the 
number ``9,'' formatted like a Social Security Number.
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F. Variable Interest Entities

    In June 2009, the Financial Accounting Standards Board (FASB) 
issued accounting standards that have changed the way entities account 
for securitizations and special purpose entities. ASU No. 2009-16 
(formerly FAS 166) revised ASC Topic 860, Transfers and Servicing, by 
eliminating the concept of a ``qualifying special-purpose entity'' 
(QSPE) and changing the requirements for derecognizing financial 
assets. ASU No. 2009-17 (formerly FAS 167) revised ASC Topic 810, 
Consolidations, by changing how a financial institution or other 
company

[[Page 70359]]

determines when an entity that is insufficiently capitalized or is not 
controlled through voting or similar rights, i.e., a ``variable 
interest entity'' (VIE), should be consolidated. For most financial 
institutions, ASU Nos. 2009-16 and 2009-17 took effect January 1, 2010.
    Under ASC Topic 810, as amended, determining whether a financial 
institution is required to consolidate a VIE depends on a qualitative 
analysis of whether that institution has a ``controlling financial 
interest'' in the VIE and is therefore the primary beneficiary of the 
VIE. The analysis focuses on the institution's power over and interest 
in the VIE. With the removal of the QSPE concept from generally 
accepted accounting principles that was brought about in amended ASC 
Topic 860, a institution that transferred financial assets to an SPE 
that met the definition of a QSPE before the effective date of these 
amended accounting standards was required to evaluate whether, pursuant 
to amended ASC Topic 810, it must begin to consolidate the assets, 
liabilities, and equity of the SPE as of that effective date. Thus, 
when implementing amended ASC Topics 860 and 810 at the beginning of 
2010, financial institutions began to consolidate certain previously 
off-balance securitization vehicles, asset-backed commercial paper 
conduits, and other structures. Going forward, financial institutions 
with variable interests in new VIEs must evaluate whether they have a 
controlling financial interest in these entities and, if so, 
consolidate them. In addition, institutions must continually reassess 
whether they are the primary beneficiary of VIEs in which they have 
variable interests.
    For those VIEs that savings associations must consolidate, guidance 
advises institutions to report the assets and liabilities of these VIEs 
on Schedule SC in the balance sheet category appropriate to the asset 
or liability. However, ASC paragraph 810-10-45-25 \3\ requires a 
reporting entity to present ``separately on the face of the statement 
of financial position:
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    \3\ Formerly paragraph 22A of FIN 46(R), as amended by FAS 167.
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    a. Assets of a consolidated variable interest entity (VIE) that can 
be used only to settle obligations of the consolidated VIE [and] b. 
Liabilities of a consolidated VIE for which creditors (or beneficial 
interest holders) do not have recourse to the general credit of the 
primary beneficiary.'' This requirement has been interpreted to mean 
that ``each line item of the consolidated balance sheet should 
differentiate which portion of those amounts meet the separate 
presentation conditions.'' \4\ In requiring separate presentation for 
these assets and liabilities, the FASB agreed with commenters on its 
proposed accounting standard on consolidation that ``separate 
presentation . . . would provide transparent and useful information 
about an enterprise's involvement and associated risks in a variable 
interest entity.'' \5\ The federal banking agencies concur that 
separate presentation would provide similar benefits to them and other 
Call Report and TFR users.
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    \4\ Deloitte & Touche LLP, ``Back on-balance sheet: Observations 
from the adoption of FAS 167,'' May 2010, page 4 (http://www.deloitte.com/view/en_US/us/Services/audit-enterprise-risk-services/Financial-Accounting-Reporting/f3a70ca28d9f8210VgnVCM200000bb42f00aRCRD.htm).
    \5\ See paragraphs A80 and A81 of FAS 167.
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    Consistent with the presentation requirements discussed above, the 
banking agencies are proposing to add a new Schedule RC-V, Variable 
Interest Entities, to the Call Report, and OTS is proposing to add a 
new Schedule VIE, Variable Interest Entities, to the TFR. Financial 
institutions would use the proposed new schedules to report a breakdown 
of the assets of consolidated VIEs that can be used only to settle 
obligations of the consolidated VIEs and liabilities of consolidated 
VIEs for which creditors do not have recourse to the general credit of 
the financial institution. The following proposed categories of assets 
and liabilities would include some of the same categories presented on 
the Call Report and TFR balance sheet schedules: Cash and balances due 
from depository institutions, Held-to-maturity securities; Available-
for-sale securities; Securities purchased under agreements to resell, 
Loans and leases held for sale; Loans and leases, net of unearned 
income; Allowance for loan and lease losses; Trading assets (other than 
derivatives); Derivative trading assets; Other real estate owned; Other 
assets; Securities sold under agreements to repurchase; Derivative 
trading liabilities; Other borrowed money (other than commercial 
paper); Commercial paper; and Other liabilities. These assets and 
liabilities would be presented separately for securitization trusts, 
asset-backed commercial paper conduits, and other VIEs.
    In addition, the federal banking agencies propose to include 
separate items in the new schedules in which financial institutions 
would report the total assets and the total liabilities of consolidated 
VIEs (for which the breakdown of assets and liabilities described above 
is not reported) to help the agencies understand the magnitude of any 
VIE assets that are not dedicated solely to settling obligations of the 
VIE and any VIE liabilities for which creditors may have recourse to 
the general credit of the bank. These consolidated VIEs' total assets 
and total liabilities, which would be reported after eliminating 
intercompany transactions, would also be reported separately for 
securitization trusts, asset-backed commercial paper conduits, and 
other VIEs.

G. Assets Covered by FDIC Loss-Sharing Agreements

    In March 2010, the federal banking agencies added a four-way 
breakdown of assets covered by loss-sharing agreements with the FDIC to 
the Call Report and the TFR. In a January 22, 2010, comment letter to 
the banking agencies on the agencies' submission for OMB review of 
proposed Call Report revisions for implementation in 2010, the American 
Bankers Association (ABA) stated that while the addition of the covered 
asset items to Schedule RC-M was

    ``a step in the right direction, ABA believes it would be 
beneficial to regulators, reporting banks, investors, and the public 
to have additional, more granular information about the various 
categories of assets subject to the FDIC loss-sharing agreements. 
While we recognize that this would result in additional reporting 
burden on banks, on balance our members feel strongly that the 
benefit of additional disclosure of loss-sharing data would outweigh 
the burden of providing these detailed data. Thus, we urge the 
Agencies and the FFIEC to further revise the collection of data from 
banks on assets covered by FDIC loss-sharing agreements on the Call 
Report to include the several changes suggested below * * *. We 
believe these changes would provide a more precise and accurate 
picture of a bank's asset quality.''

    OTS is proposing to revise the TFR along the lines suggested by the 
ABA by adding the following new lines:
Breakdown of line SI770, Loans and Leases:
    SI771 Construction Loans--Total
    SI773 Residential--Total
    SI717 1-4 Dwelling Units
    SI718 Multifamily (5 or More) Dwelling Units
    SI775 Nonresidential Property
    SI777 Permanent Loans--Total
    SI778 Residential--Total
    SI779 1-4 Dwelling Units--Total
    SI780 Revolving Open-End Loans
    SI781 All Other--First Liens
    SI782 All Other--Junior Liens
    SI783 Multifamily (5 or More) Dwelling Units
    SI784 Nonresidential Property--Total

[[Page 70360]]

    SI785 Owner-Occupied Nonfarm Nonresidential Property
    SI786 Other Nonfarm Nonresidential Property
    SI787 Land
    SI788 Commercial Loans--Total
    SI789 Secured
    SI790 Unsecured
    SI791 Credit Card Loans Outstanding--Business
    SI792 Lease Receivables
    SI793 Consumer Loans--Total
    SI794 Loans on Deposits
    SI795 Home Improvement Loans (Not Secured by Real Estate)
    SI796 Education Loans
    SI797 Auto Loans
    SI798 Mobile Home Loans
    SI799 Credit Cards
    SI800 Other, Including Lease Receivables
    SI801 Repossessed Assets--Total
    SI802 Real Estate--Total
    SI803 Construction
    SI804 Residential--Total
    SI805 1-4 Dwelling Units
    SI806 Multifamily (5 or More) Dwelling Units
    SI807 Nonresidential (Except Land)
    SI808 Land
    SI809 Other Repossessed Assets
    SI810 Guaranteed amount of total amount of covered real estate 
owned
    SI811 Total Income Included on Schedule SO Received From or Accrued 
on Assets Covered by the FDIC Under Loss-Sharing Agreements
    Breakdown of Covered Past Due and Nonaccrual Loans and Leases (3 
amounts for each line--30-89 days past due and still accruing, 90 days 
or more past due and still accruing, and nonaccrual):
PD515, PD615, PD715 Construction Loans--Total
    PD SUBxxx, PD SUBxxx, PD SUBxxx Residential--Total
    PD516, PD616, PD716 1-4 Dwelling Units
    PD517, PD617, PD717 Multifamily (5 or More) Dwelling Units
    PD518, PD618, PD718 Nonresidential Property
    PD SUBxxx, PD SUBxxx, PD SUBxxx Permanent Loans--Total
    PD SUBxxx, PD SUBxxx, PD SUBxxx Residential--Total
    PD SUBxxx, PD SUBxxx, PD SUBxxx 1-4 Dwelling Units--Total
    PD521, PD621, PD721 Revolving Open-End Loans
    PD523, PD623, PD723 All Other--First Liens
    PD524, PD624, PD724 All Other--Junior Liens
    PD525, PD625, PD725 Multifamily (5 or More) Dwelling Units
    PD535, PD635, PD735 Nonresidential Property--Total
    PD536, PD636, PD736 Owner-Occupied Nonresidential Property
    PD537, PD637, PD737 Other Nonresidential Property
    PD538, PD638, PD738 Land
    PD540, PD640, PD740 Commercial Loans--Total
    PD541, PD641, PD741 Secured
    PD542, PD642, PD742 Unsecured
    PD540, PD643, PD743 Credit Card Loans Outstanding--Business
    PD545, PD645, PD745 Lease Receivables
    PD SUBxxx, PD SUBxxx, PD SUBxxx Consumer Loans--Total
    PD561, PD661, PD761 Loans on Deposits
    PD563, PD663, PD763 Home Improvement Loans (Not Secured by Real 
Estate)
    PD565, PD665, PD765 Education Loans
    PD567, PD667, PD767 Auto Loans
    PD569, PD669, PD769 Mobile Home Loans
    PD571, PD671, PD771 Credit Cards
    PD580, PD680, PD780 Other, Including Lease Receivables
    PD596, PD696, PD796 Guaranteed amount of total amount of covered 
past due and nonaccrual loans and leases

H. Life Insurance Assets

    Financial institutions purchase and hold bank-owned life insurance 
(BOLI) policies as assets, the premiums for which may be used to 
acquire general account or separate account life insurance policies. 
Savings associations currently report the aggregate amount of their 
life insurance assets in Schedule SC without regard to whether their 
holdings are general account or separate account policies.
    Many financial institutions have BOLI assets, and the distinction 
between those life insurance policies that represent general account 
products and those that represent separate account products has meaning 
with respect to the degree of credit risk involved as well as 
performance measures for the life insurance assets in a volatile market 
environment. In a general account policy, the general assets of the 
insurance company issuing the policy support the policy's cash 
surrender value. In a separate account policy, the policyholder's cash 
surrender value is supported by assets segregated from the general 
assets of the insurance carrier. Under such an arrangement, the 
policyholder neither owns the underlying separate account created by 
the insurance carrier on its behalf nor controls investment decisions 
in the account. Nevertheless, the policyholder assumes all investment 
and price risk.
    A number of financial institutions holding separate account life 
insurance policies have recorded significant losses in recent years due 
to the volatility in the markets and the vulnerability to market 
fluctuations of the instruments that are investment options in separate 
account life insurance policies. Information distinguishing between the 
cash surrender values of general account and separate account life 
insurance policies would allow the OTS to track savings associations' 
holdings of both types of life insurance policies with their differing 
risk characteristics and changes in their carrying amounts resulting 
from their performance over time. Accordingly, the OTS is proposing to 
add the following new items:
Key Person Life Insurance:
    SC617 General Account Life Insurance Assets
    SC619 Separate Account Life Insurance Assets
Other BOLI Not Considered Key Person Life Insurance:
    SC627 General Account Life Insurance Assets
    SC629 Separate Account Life Insurance Assets

I. Captive Insurance and Reinsurance Subsidiaries

    Captive insurance companies are utilized by banking organizations 
to ``self insure'' or reinsure their own risks pursuant to incidental 
activities authority. A captive insurance company is a limited purpose 
insurer that may be licensed as a direct writer of insurance or as a 
reinsurer. Insurance premiums paid by an institution to its captive 
insurer, and claims paid back to the institution by the captive, are 
transacted on an intercompany basis, so there is no evidence of this 
type of self-insurance activity when an institution prepares 
consolidated financial statements, including its TFR. The cash flows 
for a captive reinsurer's transactions also are not transparent in an 
institution's consolidated financial statements.
    A number of financial institutions own captive insurers or 
reinsurers, several of which were authorized to operate more than ten 
years ago. Some of the most common lines of business underwritten by 
financial institution captive insurers are credit life, accident, and 
health; disability insurance; and employee benefits coverage. 
Additionally, financial institution captive reinsurance subsidiaries 
may underwrite private mortgage guaranty reinsurance and terrorism risk 
reinsurance.

[[Page 70361]]

    As part of their supervisory processes, the federal banking 
agencies have been following the proliferation of financial institution 
captive insurers and reinsurers and the performance trends of these 
captives for the past several years. Collection of financial 
information regarding the total assets of captive insurance and 
reinsurance subsidiaries would assist the agencies in monitoring the 
insurance activities of banking organizations as well as any safety and 
soundness risks posed to the parent institution from the activities of 
these subsidiaries.
    OTS is proposing to collect two new items in Schedule SI:
    SI762 Total assets of captive insurance subsidiaries
    SI763 Total assets of captive reinsurance subsidiaries
    These new items are not expected to be applicable to the vast 
majority of savings associations. When reporting the total assets of 
these captive subsidiaries in the proposed new items, savings 
associations should measure the subsidiaries' total assets before 
eliminating intercompany transactions between the consolidated 
subsidiary and other offices or subsidiaries of the consolidated 
institution.

J. Quarterly Reporting for Collective Investment Funds

    For financial institutions that provide fiduciary and related 
services, the volume of assets under management is an important metric 
for understanding risk at these institutions and in the banking system. 
A savings association's assets under management may include such pooled 
investment vehicles as collective investment funds and common trust 
funds (hereafter, collectively, CIFs) that it offers to investors. When 
considering how and where to place funds in pooled investment vehicles, 
which also include registered investment funds (mutual funds), 
investors' decisions are highly influenced by risk and return factors. 
While registered investment funds regularly disclose an array of fund-
related data to the U.S. Securities and Exchange Commission and the 
investing public, the OTS's collection and public disclosure of summary 
data on CIFs is limited to annual data reported in lines FS610 through 
FS675 of TFR Schedule FS, Fiduciary and Related Services, as of each 
December 31.
    Like other investment vehicles, CIFs were affected by market 
disruptions during the recent financial crisis. To detect changes in 
investor behavior and bank investment management strategies at an early 
stage in this $2.5 trillion line of business, the banking agencies 
believe it would be beneficial to change the reporting frequency for 
the Schedule FS data on collective investment funds and common trust 
funds from annually to quarterly for those institutions that currently 
report their fiduciary assets and fiduciary income quarterly. Quarterly 
filing of these Schedule FS data is required of institutions with total 
fiduciary assets greater than $250 million (as of the preceding 
December 31) or with gross fiduciary and related income greater than 10 
percent of revenue for the preceding calendar year.

K. Service Charges on Deposit Accounts

    Savings associations currently do not report separate detail on 
service charges on deposit accounts. There has been growing interest in 
the amount of deposit account service fees charged by financial 
institutions. Banks currently report this data as a separate component 
of noninterest income in Call Report Schedule RI. In reporting this 
item, banks include amounts charged depositors (in domestic offices):
    (1) For the maintenance of their deposit accounts with the bank, 
so-called ``maintenance charges,''
    (2) For their failure to maintain specified minimum deposit 
balances,
    (3) Based on the number of checks drawn on and deposits made in 
their deposit accounts,
    (4) For checks drawn on so-called ``no minimum balance'' deposit 
accounts,
    (5) For withdrawals from nontransaction deposit accounts,
    (6) For the closing of savings accounts before a specified minimum 
period of time has elapsed,
    (7) For accounts which have remained inactive for extended periods 
of time or which have become dormant,
    (8) For deposits to or withdrawals from deposit accounts through 
the use of automated teller machines or remote service units,
    (9) For the processing of checks drawn against insufficient funds, 
so-called ``NSF check charges,'' that the bank assesses regardless of 
whether it decides to pay, return, or hold the check. Exclude 
subsequent charges levied against overdrawn accounts based on the 
length of time the account has been overdrawn, the magnitude of the 
overdrawn balance, or which are otherwise equivalent to interest 
(report in the appropriate subitem of Schedule RI, item 1.a, ``Interest 
and fee income on loans (in domestic offices)''),
    (10) For issuing stop payment orders,
    (11) For certifying checks, and
    (12) For the accumulation or disbursement of funds deposited to 
Individual Retirement Accounts (IRAs) or Keogh Plan accounts when not 
handled by the bank's trust department. Report such commissions and 
fees received for accounts handled by the bank's trust department in 
Schedule RI, item 5.a, ``Income from fiduciary activities.'' Exclude 
penalties paid by depositors for the early withdrawal of time deposits 
(report as ``Other noninterest income'' in Schedule RI, item 5.l, or 
deduct from the interest expense of the related category of time 
deposits, as appropriate).
    OTS is proposing to add the following line to Schedule SO as a 
detail item of other fees and charges within the noninterest income 
section:

    SO422 Service Charges on Deposit Accounts

L. Qualifying Noncontrolling (Minority) Interests in Consolidated 
Subsidiaries

    Only qualifying noncontrolling (minority) interests in consolidated 
subsidiaries are allowable in Tier 1 capital. Those that are non-
qualifying are not. The existing Schedule CCR computes Tier 1 Capital 
using Total Equity Capital (Line SC 84), which includes all 
noncontrolling (minority) interests from Line SC 800. This can be 
interpreted as permitting all noncontrolling (minority) interests (Line 
SC 800), whether qualifying or not, to be included in the calculation 
of Tier 1 Capital. Therefore to clarify the treatment of noncontrolling 
(minority) interests, OTS is proposing to use Total Savings Association 
Equity Capital (Line SC 80), which is net of noncontrolling (minority) 
interests, as the starting point for computation of Tier 1 capital for 
Schedule CCR. Non-controlling (minority) interests are then added to 
Tier 1, per the new line CCR187 described below, only to the extent 
they are qualifying noncontrolling (minority) interests. This approach 
is consistent with the approach used on the Call Report. Thus, OTS is 
proposing to revise one line and add a new line on Schedule CCR to 
address the treatment of noncontrolling (minority) interests in Tier 1 
Capital:

    Revise line CCR100 Total Equity Capital (SC84) to CCR100 Total 
Savings Association Equity Capital (SC80)
    Add new line CCR187 Qualifying Noncontrolling (Minority) Interests 
in Consolidated Subsidiaries.

M. Trust Preferred Securities

    As financial institution investments, trust preferred securities 
are hybrid instruments possessing characteristics typically associated 
with debt obligations. Although each issue of these securities may 
involve minor

[[Page 70362]]

differences in terms, under the basic structure of trust preferred 
securities a corporate issuer, such as a financial institution holding 
company, first organizes a business trust or other special purpose 
entity. This trust issues two classes of securities: common securities, 
all of which are purchased and held by the corporate issuer, and trust 
preferred securities, which are sold to investors. The business trust's 
only assets are deeply subordinated debentures of the corporate issuer, 
which the trust purchases with the proceeds from the sale of its common 
and preferred securities. The corporate issuer makes periodic interest 
payments on the subordinated debentures to the business trust, which 
uses these payments to pay periodic dividends on the trust preferred 
securities to the investors. The subordinated debentures have a stated 
maturity and may also be redeemed under other circumstances. Most trust 
preferred securities are subject to mandatory redemption upon the 
repayment of the debentures.
    Trust preferred securities meet the definition of a security in 
FASB Statement No. 115, ``Accounting for Certain Investments in Debt 
and Equity Securities.'' Because of the mandatory redemption provision 
in the typical trust preferred security, investments in trust preferred 
securities would normally be considered debt securities for financial 
accounting purposes. Accordingly, regardless of the authority under 
which a financial institution is permitted to invest in trust preferred 
securities, savings associations should report these investments as 
debt securities for purposes of these reports (unless, based on the 
specific facts and circumstances of a particular issue of trust 
preferred securities, the securities would be considered equity rather 
than debt securities under Statement No. 115. To better gauge the level 
of investment in trust preferred securities by savings associations, 
the OTS is proposing to add the following two lines as detail to other 
investment securities reported in Schedule SC:

    SC187 Trust Preferred Securities Issues By FDIC-Insured Depository 
Institutions or Their Holding Companies
    SC188 Other Trust Preferred Securities

N. General, Specific, and Total Valuation Allowances by Major Loan Type

    OTS is proposing that savings associations report additional detail 
on loans for general and specific valuation allowances. The proposed 
additional detail on valuation allowances in Schedules VA would enable 
OTS to better understand reserves activity within loan categories at 
savings associations.
    More specifically, new items are proposed for Schedule VA under 
three columns for the amount of general valuation allowances at the end 
of the current quarter (1100 series of lines), the amount of specific 
valuation allowances at the end of the current quarter (1200 series of 
lines), and the total of valuation allowances at the end of the current 
quarter (1300 series of lines):

VA1115, VA1215, VA1315 Construction Loans--Total
VA SUBxxx, VA SUBxxx,VA SUBxxx Residential--Total
VA1120, VA1220, VA1320 1-4 Dwelling Units
VA1122, VA1222, VA1322 Multifamily (5 or More) Dwelling Units
VA1130, VA1230, VA1330 Nonresidential Property
VA SUBxxx, VA SUBxxx,VA SUBxxx Permanent Loans--Total
VA SUBxxx, VA SUBxxx,VA SUBxxx Residential--Total
VA SUBxxx, VA SUBxxx,VA SUBxxx 1-4 Dwelling Units--Total
VA1140, VA1240, VA1340 Revolving Open-End Loans
VA1145, VA1245, VA1345 All Other--First Liens
VA1147, VA1247, VA1347 All Other--Junior Liens
VA1150, VA1250, VA1350 Multifamily (5 or More) Dwelling Units
VA1160, VA1260, VA1360 Nonresidential Property--Total
VA1162, VA1262, VA1362 Owner-Occupied Nonresidential Property
VA1163, VA1263, VA1363 Other Nonresidential Property
VA1165, VA1265, VA1365 Land
VA1170, VA1270, VA1370 Commercial Loans--Total
VA1172, VA1272, VA1372 Secured
VA1173, VA1273, VA1373 Unsecured
VA1176, VA1276, VA1376 Lease Receivables
VA SUBxxx, VA SUBxxx,VA SUBxxx Consumer Loans--Total
VA1182, VA1282, VA1382 Loans on Deposits
VA1183, VA1283, VA1383 Home Improvement Loans (Not Secured by Real 
Estate)
VA1184, VA1284, VA1384 Education Loans
VA1185, VA1285, VA1385 Auto Loans
VA1186, VA1286, VA1386 Mobile Home Loans
VA1187, VA1287, VA1387 Credit Cards
VA1188, VA1288, VA1388 Other, Including Lease Receivables

O. Classified Assets by Major Loan Type

    OTS is proposing that savings associations report additional detail 
on classified assets by major loan type. The proposed additional detail 
on classified assets in Schedules VA would enable OTS to better 
understand asset quality within loan categories at savings 
associations.
    More specifically, new items are proposed for Schedule VA under 
four columns for the amount of special mention assets at the end of the 
current quarter (1400 series of lines), the amount of substandard 
assets at the end of the current quarter (1500 series of lines), the 
amount of doubtful assets at the end of the current quarter (1600 
series of lines), and the amount of loss assets at the end of the 
current quarter (1700 series of lines):

VA1415, VA1515, VA1615, VA1715 Construction Loans--Total
VA SUBxxx, VA SUBxxx, VA SUBxxx, VA SUBxxx Residential--Total
VA1420, VA1520, VA1620, VA1720 1-4 Dwelling Units
VA1422, VA1522, VA1622, VA1722 Multifamily (5 or More) Dwelling Units
VA1430, VA1530, VA1630, VA1730 Nonresidential Property
VA SUBxxx, VA SUBxxx, VA SUBxxx, VA SUBxxx Permanent Loans--Total
VA SUBxxx, VA SUBxxx, VA SUBxxx, VA SUBxxx Residential--Total
VA SUBxxx, VA SUBxxx, VA SUBxxx, VA SUBxxx 1-4 Dwelling Units--Total
VA1440, VA1540, VA1640, VA1740 Revolving Open-End Loans
VA1445, VA1545, VA1645, VA1745 All Other--First Liens
VA1447, VA1547, VA1647, VA1747 All Other--Junior Liens
VA1450, VA1550, VA1650, VA1750 Multifamily (5 or More) Dwelling Units
VA1460, VA1560, VA1660, VA1760 Nonresidential Property--Total
VA1462, VA1562, VA1662, VA1762 Owner-Occupied Nonresidential Property
VA1463, VA1563, VA1663, VA1763 Other Nonresidential Property
VA1465, VA1565, VA1665, VA1765 Land
VA1470, VA1570, VA1670, VA1770 Commercial Loans--Total
VA1472, VA152, VA1672, VA1772 Secured
VA1473, VA1573, VA1673, VA1773 Unsecured
VA1475, VA1575, VA1675, VA1775 Credit Card Loans Outstanding--Business
VA1476, VA1576, VA1676, VA1776 Lease Receivables
VASUBxxx, VASUBxxx, VASUBxxx, VASUBxxx Consumer Loans--Total
VA1482, VA1582, VA1682, VA1782 Loans on Deposits

[[Page 70363]]

VA1483, VA1583, VA1683, VA1783 Home Improvement Loans (Not Secured by 
Real Estate)
VA1484, VA1584, VA1684, VA1784 Education Loans
VA1485, VA1585, VA1685, VA1785 Auto Loans
VA1486, VA1586, VA1686, VA1786 Mobile Home Loans
VA1487, VA1587, VA1687, VA1787 Credit Cards
VA1488, VA1588, VA1688, VA1788 Other, Including Lease Receivables
    Request for Comments: OTS may not conduct or sponsor an information 
collection, and respondents are not required to respond to an 
information collection, unless the information collection displays a 
currently valid OMB control number.
    In this notice, OTS is soliciting comments concerning the following 
information collection.
    Statutory Requirement: 12 U.S.C. 1464(v) imposes reporting 
requirements for savings associations.
    OMB Control Number: 1550-0023.
    Form Number: 1313.
    Type of Review: Revision of currently approved collections.
    Frequency of Response: Quarterly; annually.
    Affected Public: Business or other for-profit.
    Estimated Number of Respondents: 753 savings associations.
    Estimated Burden Hours per Respondent: 60.0 hours average for 
quarterly schedules and 2.0 hours average for schedules required only 
annually plus recordkeeping of an average of one hour per quarter.
    Estimated Total Annual Burden: 188,712 burden hours.
    OTS is proposing to revise the TFR, which is currently an approved 
collection of information, in March 2011. The effect on reporting 
burden of the proposed revisions to the TFR requirements will vary from 
institution to institution depending on the institution's asset size 
and its involvement with the types of activities or transactions to 
which the proposed changes apply.
    The proposed TFR changes that would take effect as of March 31, 
2011 would change the reporting frequency for the number and market 
value of collective investment funds and common trust funds data 
reported in Memorandum Item 3 of Schedule FS, revise several existing 
lines, add new lines to the TFR, and add a new Schedule VIE, Variable 
Interest Entities.
    OTS estimates that the implementation of these reporting revisions 
will result in an increase in the current reporting burden imposed by 
the TFR on all savings associations.
    As part of the approval process, we invite comments addressing one 
or more of the following points:
    a. Whether the proposed revisions to the TFR collections of 
information are necessary for the proper performance of the agency's 
functions, including whether the information has practical utility;
    b. The accuracy of the agency's estimate of the burden of the 
collection of information;
    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, the Internet, 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.
    OTS will summarize the comments received and include them in the 
request for OMB approval. All comments will become a matter of public 
record.

    Dated: November 10, 2010.
Ira L. Mills,
Paperwork Clearance Officer, Office Chief Counsel, Office of Thrift 
Supervision.
[FR Doc. 2010-29004 Filed 11-16-10; 8:45 am]
BILLING CODE 6720-01-P