[Federal Register Volume 82, Number 5 (Monday, January 9, 2017)]
[Notices]
[Pages 2444-2467]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-00085]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

FEDERAL RESERVE SYSTEM

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Joint Comment Request

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury; 
Board of Governors of the Federal Reserve System (Board); and Federal 
Deposit Insurance Corporation (FDIC).

ACTION: Joint notice and request for comment.

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SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act (PRA) of 1995, the OCC, the Board, and the FDIC (the ``agencies'') 
may not conduct or sponsor, and the respondent is not required to 
respond to, an information collection unless it displays a currently 
valid Office of Management and Budget (OMB) control number. On August 
15, 2016, the agencies, under the auspices of the Federal Financial 
Institutions Examination Council (FFIEC), requested public comment for 
60 days on a proposal for a new Consolidated Reports of Condition and 
Income for Eligible Small Institutions (FFIEC 051). The proposed FFIEC 
051 is a streamlined version of the existing Consolidated Reports of 
Condition and Income for a Bank with Domestic Offices Only (FFIEC 041), 
which was created by (1) removing certain existing schedules and data 
items and replacing them with a limited number of data items in a new 
supplemental schedule, (2) eliminating certain other existing data 
items, and (3) reducing the reporting frequency of certain data items. 
The FFIEC 051 generally would be available to institutions with 
domestic offices only and assets of less than $1 billion, which 
currently file the FFIEC 041. Of the nearly 6,000 insured depository 
institutions, approximately 5,200 would be eligible to file the 
proposed FFIEC 051. When compared to the existing FFIEC 041, the 
proposed FFIEC 051 shows a reduction in the number of pages from 85 to 
61. This decrease is the result of the removal of approximately 950 or 
about 40 percent of the nearly 2,400 data items in the FFIEC 041. Of 
the data items remaining from the FFIEC 041, the agencies have reduced 
the reporting frequency for approximately 100 data items in the 
proposed FFIEC 051. In addition, the FFIEC and the agencies requested 
public comment on proposed revisions to the FFIEC 041 and the 
Consolidated Reports of Condition and Income for a Bank with Domestic 
and Foreign Offices (FFIEC 031), which are currently approved 
collections of information. The Consolidated Reports of Condition and 
Income are commonly referred to as the Call Report.
    The comment period for the August 2016 notice ended on October 14, 
2016. As described in the Supplementary Information section, after 
considering the comments received on the proposals, the FFIEC and the 
agencies will proceed with the implementation of the proposed FFIEC 
051, along with the proposed reporting revisions to the FFIEC 041 and 
FFIEC 031, with some modifications to the proposals for all three 
versions of the Call Report. With OMB approval, the proposed FFIEC 051 
and the proposed reporting changes to the existing FFIEC 031 and FFIEC 
041 would become effective as of March 31, 2017.
    The agencies also are giving notice that they have sent the 
collection to OMB for review.

DATES: Comments must be submitted on or before February 8, 2017.

ADDRESSES: Interested parties are invited to submit written comments to 
any or all of the agencies. All comments, which should refer to the OMB 
control number(s), will be shared among the agencies.
    OCC: Because paper mail in the Washington, DC, area and at the OCC 
is subject to delay, commenters are encouraged to submit comments by 
email, if possible, to [email protected]. Comments may be sent to: 
Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency, Attention: ``1557-0081, FFIEC 031, 041, 
and 051,'' 400 7th Street SW., Suite 3E-218, Mail Stop 9W-11, 
Washington, DC 20219. In addition, comments may be sent by fax to (571) 
465-4326. You may personally inspect and photocopy comments at the OCC, 
400 7th Street SW., Washington, DC 20219. For security reasons, the OCC 
requires that visitors make an appointment to inspect comments. You may 
do so by calling (202) 649-6700 or, for persons who are deaf or hard of 
hearing, TTY, (202) 649-5597. Upon arrival, visitors will be required 
to present valid government-issued photo identification and submit to 
security screening in order to inspect and photocopy comments.
    All comments received, including attachments and other supporting 
materials, are part of the public record and subject to public 
disclosure. Do not include any information in your comment or 
supporting materials that you consider confidential or inappropriate 
for public disclosure.
    Board: You may submit comments, which should refer to ``FFIEC 031, 
FFIEC 041, and FFIEC 051,'' by any of the following methods:
     Agency Web site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at: http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include the 
reporting form numbers in the subject line of the message.
     Fax: (202) 452-3819 or (202) 452-3102.
     Mail: Robert DeV. Frierson, Secretary, Board of Governors 
of the Federal Reserve System, 20th Street and Constitution Avenue NW., 
Washington, DC 20551.
    All public comments are available from the Board's Web site at

[[Page 2445]]

www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as submitted, 
unless modified for technical reasons. Accordingly, your comments will 
not be edited to remove any identifying or contact information. Public 
comments may also be viewed electronically or in paper in Room MP-500 
of the Board's Martin Building (20th and C Streets NW.) between 9:00 
a.m. and 5:00 p.m. on weekdays.
    FDIC: You may submit comments, which should refer to ``FFIEC 031, 
FFIEC 041, and FFIEC 051,'' by any of the following methods:
     Agency Web site: https://www.fdic.gov/regulations/laws/federal/. Follow the instructions for submitting comments on the FDIC's 
Web site.
     Federal eRulemaking Portal: https://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include ``FFIEC 031, FFIEC 041, 
and FFIEC 051'' in the subject line of the message.
     Mail: Manuel E. Cabeza, Counsel, Attn: Comments, Room MB-
3007, Federal Deposit Insurance Corporation, 550 17th Street NW., 
Washington, DC 20429.
     Hand Delivery: Comments may be hand delivered to the guard 
station at the rear of the 550 17th Street Building (located on F 
Street) on business days between 7:00 a.m. and 5:00 p.m.
    Public Inspection: All comments received will be posted without 
change to https://www.fdic.gov/regulations/laws/federal/ including any 
personal information provided. Paper copies of public comments may be 
requested from the FDIC Public Information Center by telephone at (877) 
275-3342 or (703) 562-2200.
    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 
[email protected].

FOR FURTHER INFORMATION CONTACT: For further information about the 
proposed revisions to the Call Report described in this notice, please 
contact any of the agency staff whose names follow. In addition, copies 
of the FFIEC 031 and FFIEC 041 Call Report forms and the proposed FFIEC 
051 report form can be obtained at the FFIEC's Web site (https://www.ffiec.gov/ffiec_report_forms.htm).
    OCC: Kevin Korzeniewski, Counsel, (202) 649-5490 or, for persons 
who are deaf or hard of hearing, TTY, (202) 649-5597, Legislative and 
Regulatory Activities Division, Office of the Comptroller of the 
Currency, 400 7th Street SW., Washington, DC 20219.
    Board: Nuha Elmaghrabi, Federal Reserve Board Clearance Officer, 
(202) 452-3884, Office of the Chief Data Officer, Board of Governors of 
the Federal Reserve System, 20th and C Streets NW., Washington, DC 
20551. Telecommunications Device for the Deaf (TDD) users may call 
(202) 263-4869.
    FDIC: Manuel E. Cabeza, Counsel, (202) 898-3767, Legal Division, 
Federal Deposit Insurance Corporation, 550 17th Street NW., Room MB-
3007, Washington, DC 20429.

SUPPLEMENTARY INFORMATION: The agencies are proposing to create a new 
Call Report for eligible small institutions, the foundation for which 
is a currently approved collection of information for each agency. In 
addition, the agencies are proposing revisions to data items reported 
on the FFIEC 041 and FFIEC 031 Call Reports.
    Report Title: Consolidated Reports of Condition and Income (Call 
Report).
    Form Numbers: FFIEC 051 (proposed for eligible small institutions), 
FFIEC 041 (for banks and savings associations with domestic offices 
only), and FFIEC 031 (for banks and savings associations with domestic 
and foreign offices).
    Frequency of Response: Quarterly.
    Affected Public: Business or other for-profit.
    Type of Review: Revision and extension of currently approved 
collections.
OCC
    OMB Control No.: 1557-0081.
    Estimated Number of Respondents: 1,383 national banks and federal 
savings associations.
    Estimated Average Burden per Response: 50.03 burden hours per 
quarter to file.
    Estimated Total Annual Burden: 276,766 burden hours to file.
Board
    OMB Control No.: 7100-0036.
    Estimated Number of Respondents: 825 state member banks.
    Estimated Average Burden per Response: 54.00 burden hours per 
quarter to file.
    Estimated Total Annual Burden: 178,200 burden hours to file.
FDIC
    OMB Control No.: 3064-0052.
    Estimated Number of Respondents: 3,824 insured state nonmember 
banks and state savings associations.
    Estimated Average Burden per Response: 48.08 burden hours per 
quarter to file.
    Estimated Total Annual Burden: 735,432 burden hours to file.
    The estimated average burden hours collectively reflect the 
estimates for the FFIEC 031, the FFIEC 041, and the proposed FFIEC 051 
reports. When the estimates are calculated by type of report across the 
agencies, the estimated average burden hours per quarter are 128.05 
(FFIEC 031), 74.88 (FFIEC 041) and 44.94 (FFIEC 051). Furthermore, 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).
    The agencies received ten comments on the burden estimates. One 
commenter recommended including time to review instructions for the 
applicable form, even if data items in that form are not applicable to 
the institution. The agencies also received comments from institutions 
with estimates of the time it takes their institutions to prepare the 
current FFIEC 041 Call Report. The majority of these estimates ranged 
from 40-80 hours per quarter, with one response of 268 hours per 
quarter. Three commenters stated that preparing the Call Report costs 
approximately $1,000 annually for software. In response to the comments 
on methodology, the agencies have revised their calculation for their 
burden estimates. In addition to the estimated time for gathering and 
maintaining data in the required form and completing those Call Report 
data items for which an institution has a reportable (nonzero) amount, 
which have been included in the agencies' burden estimates, the revised 
methodology incorporates time for reviewing instructions for all items, 
even if the institution determines it does not have a reportable 
amount. The agencies have also added estimated burden hours for 
verifying the accuracy of amounts reported in the Call Report. As 
stated earlier, the agencies are also separating the estimated burden 
by type of report, to highlight the estimated burden reduction between 
the FFIEC 041 and FFIEC 051 reports. While the agencies' burden 
estimates are on the lower end of the ranges provided by commenters, 
these estimates are based on average times to complete each data item 
factoring in the varying levels of automation versus manual 
interventions

[[Page 2446]]

that exist across institutions for every data item.
    One commenter estimated that the incremental burden associated with 
the one-time conversion from the FFIEC 041 to the FFIEC 051 would be 
approximately 160 hours, primarily for training, and approximately $350 
for software. Due to the various factors that could affect the time and 
cost of switching to the FFIEC 051, including training needs, the type 
of existing systems and automation at an institution, and any cost from 
software vendors to enable an institution to file the new form, the 
agencies have not provided an estimate of this conversion burden. The 
agencies reiterate that adopting the FFIEC 051 form is optional, and 
each institution should weigh the estimated time savings from using 
that form with the one-time burden to switch to the FFIEC 051 from the 
FFIEC 041.

General Description of Reports

    Institutions 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 missions of ensuring the 
safety and soundness of financial institutions and the financial system 
and protecting consumer financial rights. The data also serve public 
policy purposes associated with agency-specific missions affecting 
national and state-chartered institutions, e.g., monetary policy, 
financial stability, and 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. The agencies use Call 
Report data in evaluating institutions' corporate applications, 
including, in particular, interstate merger and acquisition 
applications for which, as required by law, the agencies must 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 and Financing Corporation assessments 
and national banks' and federal savings associations' semiannual 
assessment fees.
    These information collections are mandatory: 12 U.S.C. 161 (for 
national banks), 12 U.S.C. 324 (for state member banks), 12 U.S.C. 1817 
(for insured state nonmember commercial and savings banks), and 12 
U.S.C. 1464 (for federal and state savings associations). At present, 
except for selected data items and text, these information collections 
are not given confidential treatment.

Current Actions

I. Introduction

    On August 15, 2016, the agencies requested comment for 60 days on a 
proposal for a new Consolidated Reports of Condition and Income for 
Eligible Small Institutions (FFIEC 051) along with various proposed 
revisions to the existing Call Report requirements (FFIEC 031 and FFIEC 
041).\1\ The FFIEC 051 was created by removing items or reducing the 
frequency of items reported in the FFIEC 041, as detailed in Appendix 
B. The FFIEC 051 and the revisions to the FFIEC 031 and FFIEC 041 are 
the result of a formal initiative launched by the FFIEC in December 
2014 to identify potential opportunities to reduce burden associated 
with Call Report requirements for community institutions. The most 
significant actions under this initiative are community institution 
outreach efforts, internal surveys of users of Call Report data at 
FFIEC member entities, and the proposal for a streamlined Call Report 
for small institutions. Additional information about the initiative can 
be found in the August 2016 notice, along with two other notices 
related to actions taken under that initiative.\2\
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    \1\ See 81 FR 54190 (August 15, 2016).
    \2\ See 80 FR 56539 (September 18, 2015) and 81 FR 45357 (July 
13, 2016).
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    The comment period for the August 2016 notice ended on October 14, 
2016. General comments on the notice are summarized in Section II. In 
Section III, the agencies provide more details on the comments received 
on the FFIEC 051 and any changes the agencies are making in response to 
those comments. In Section IV, the agencies address comments on the 
proposed changes to the FFIEC 031 and FFIEC 041 Call Reports. In 
Section V, the agencies provide information about additional specific 
suggestions received from commenters to improve all versions of the 
Call Report and any changes the agencies are making in response to 
those comments. With OMB approval, the effective date for the initial 
implementation of the FFIEC 051 and the revisions to the existing FFIEC 
041 and FFIEC 031 would be March 31, 2017.

II. General Comments on the Proposal

    The agencies collectively received comments on the proposal from 
approximately 1,100 entities, including individuals, banking 
organizations, bankers' associations, and a government entity.\3\ 
General comments on the proposed FFIEC 051 and existing FFIEC 031 and 
FFIEC 041 Call Reports are included in this section. The agencies 
provide information regarding comments on specific aspects of the 
proposed FFIEC 051 and the proposed revisions to the existing Call 
Reports in more detail in Sections III and IV, respectively. Additional 
specific suggestions provided by commenters on the existing Call 
Reports and the proposed FFIEC 051 are included in Section V.
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    \3\ The agencies received approximately 100 unique letters and 
1,000 form letters.
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A. General Comments on the Proposed FFIEC 051

    Commenters expressed mixed opinions on the proposed FFIEC 051. 
Approximately 25 commenters representing banking organizations, 
bankers' associations, and a government entity supported the effort put 
forth by the agencies. One bankers' association stated that the initial 
proposal was ``a positive step in an ongoing, iterative process'' that 
shows a ``modest but material burden relief to institutions eligible to 
file the [FFIEC 051] report.'' One institution stated that the proposed 
FFIEC 051 would assist small banks by reducing preparation time and 
minimizing confusion by removing schedules related to activities in 
which the bank does not engage. Another commenter stated that this 
proposal was a good start by removing items that have no relationship 
with the reporting institution. Another commenter agreed with the 
proposal to shorten the length of the Call Report and the instructions, 
which would reduce the time spent reviewing updates to determine items 
that may or may not be applicable to the bank. One commenter stated the 
reduction and the removal of non-relevant data items for noncomplex 
institutions saves both time and money. The government entity stated it 
uses certain data items in the Call Report in preparing national 
economic reports, and encouraged the agencies to continue collecting 
those items.
    On the other hand, the majority of commenters from banking 
organizations and bankers' associations responded that there was no 
perceived impact by adopting the FFIEC 051. Many of the banking 
organizations stated that the data items proposed to be removed were 
not reported currently by their institutions; therefore, the changes 
would not impact their burden in preparing the Call Report. Three of 
the bankers' associations stated that the

[[Page 2447]]

agencies removed items largely not reported, and related to activities 
not engaged in, by community banks. Another institution responded that 
by making the change to the FFIEC 051, it would add burden at the 
conversion date with little time savings in future filings. One 
commenter stated that the inclusion of the supplemental schedule 
(Schedule SU) could actually increase burden, as banks must use the 
same processes or new processes to verify the data (or inapplicability) 
of the new supplemental items.
    The agencies recognize that not all community institutions eligible 
to file the FFIEC 051 will see an immediate and large reduction in 
burden by switching to that form. Some of the items that were removed 
from the FFIEC 041 to create the FFIEC 051 only needed to be reported 
by institutions with assets of $1 billion or more. Other items not 
included in the FFIEC 051 applied to institutions of all sizes, but may 
not have applied to every community institution, due to the nature of 
each institution's activities. Approximately 100 data items would be 
collected at a reduced frequency in the FFIEC 051. For example, in 
creating the FFIEC 051, the agencies have removed from the FFIEC 041 
the data items on Schedule RC-L, Derivatives and Off-Balance Sheet 
Items, in which the more than 700 eligible institutions that have 
derivative contracts have been required to report the gross positive 
and negative fair values of these contracts. The agencies also have 
reduced from quarterly to semiannually the reporting frequency in the 
FFIEC 051 of Schedule RC-C, Part II, Loans to Small Businesses and 
Small Farms, which is applicable to the approximately 5,200 
institutions eligible to file the FFIEC 051,\4\ and Schedule RC-A, Cash 
and Balances Due from Depository Institutions, which applies to the 
more than 1,400 eligible institutions that have $300 million or more in 
total assets. Additionally, as noted earlier, the agencies are 
shortening the instructions associated with the FFIEC 051, so that 
community bankers will not need to review as many nonapplicable 
instructions, or the associated changes to those instructions that may 
occur in the future. Taken together, the agencies believe these changes 
are a positive step toward providing meaningful Call Report burden 
relief to community institutions.
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    \4\ See Section III for further discussion of this change in 
reporting frequency.
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    A majority of the commenters that did not favor the proposed FFIEC 
051 suggested the agencies adopt a ``short-form'' Call Report to be 
filed in the first and third quarters. The short-form Call Report 
recommended by commenters would consist only of an institution's 
balance sheet, income statement, and statement of changes in equity 
capital. The institution would file a full Call Report including all 
supporting schedules in the second and fourth quarters.
    The agencies recognize that the information requested in the Call 
Report is often more granular than information presented in standard 
financial statements, including the notes to the financial statements, 
and can require refining or subdividing the information contained in 
accounts reported in an institution's general ledger system or core 
processing systems. This process may be burdensome, particularly when 
account balances have not materially changed from the prior quarter. 
However, one element that sets banking apart from other industries is 
the regulatory framework, particularly the provision of Federal deposit 
insurance and the important role of financial intermediation, which 
requires safety and soundness supervision and examination. A key 
component of bank supervision is reviewing granular financial data 
about an institution's activities to identify changes in those 
activities and in the institution's condition, performance, and risk 
profile from quarter to quarter that suggest areas for further 
investigation by the institution's supervisory agency. For example, 
granular data on loan categories, past due and nonaccrual loans, and 
loan charge-offs and recoveries \5\ feed into an analysis of credit 
risk, while data on loan, security, time deposit, and other borrowed 
money maturities and repricing dates \6\ feed into analyses of interest 
rate risk and liquidity risk. Much of this analysis occurs off-site, so 
an institution may not be aware of the extent of this process unless it 
identifies anomalies or other ``red flags'' at the institution. Even 
then, some anomalies and other ``red flags'' may be discussed 
immediately with the institution, while other concerns are flagged for 
investigation at the next on-site examination. The earlier that 
anomalies, upon immediate follow-up, are found to evidence deficiencies 
in risk management or deterioration in an institution's condition, the 
less difficult it will be for the institution to implement appropriate 
corrective action. In this context, with full-scope on-site 
examinations occurring no less than once during each 18-month period 
for institutions that have total assets of less than $1 billion and 
meet certain other criteria, quarterly data are necessary for many of 
the data items in the Call Report in order for an institution's 
supervisory agency to have a sufficient number of data points to both 
identify and distinguish between one-time anomalies and developing 
trends at the institution. Moreover, the agencies note that extending 
the examination cycle to 18 months for certain qualifying institutions 
is discretionary, and the analysis of trends in a particular 
institution's Call Report data is a significant factor in deciding 
whether to exercise that discretion with respect to that institution.
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    \5\ Reported on Schedules RI-B; RC-C, Part I; and RC-N.
    \6\ Reported on Schedules RC-B; RC-C, Part I; RC-E; and RC-M.
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    In addition to supporting the identification of higher-risk 
situations, enabling timely corrective action for such cases, and 
justifying the extended examination cycle, the quarterly reporting of 
the more granular Call Report items also aids in the identification of 
low-risk areas prior to on-site examinations, allowing the agencies to 
improve the allocation of their supervisory resources and increase the 
efficiency of supervisory assessments, which reduces the scope of 
examinations in these areas, thereby reducing regulatory burden. While 
the quarterly monitoring process enabled by the more granular Call 
Report items historically has focused on raising ``red flags,'' similar 
emphasis has also been placed on the identification of low-risk 
situations. A six-month reporting cycle for the more granular Call 
Report items would hamper the agencies' ability to form timely risk 
assessments and so could stymie efforts to improve the focus of on-site 
examinations for low-risk institutions. In this manner, an effort to 
reduce regulatory burden by lengthening the reporting cycle for the 
more granular Call Report items could limit the agencies' opportunities 
to reduce burden for on-site examinations.
    In addition to safety and soundness data, other data items are 
required quarterly due to various statutes or regulations. Leverage 
ratios based on average quarterly assets and risk-based capital ratios 
are necessary under the prompt corrective action framework established 
under 12 U.S.C. 1831o.\7\ Data on off-balance sheet assets and 
liabilities are required every quarter for which an institution submits 
a balance sheet to the agencies pursuant to 12 U.S.C. 1831n.\8\ 
Granular data on deposit liabilities and data affecting risk 
assessments for deposit insurance are

[[Page 2448]]

required four times per year under 12 U.S.C. 1817.\9\
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    \7\ Reported on Schedules RC-K and RC-R.
    \8\ Reported on Schedule RC-L.
    \9\ Reported on Schedules RC-E and RC-O.
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    Further, the public availability of most quarterly Call Report 
information from institutions that are not publicly held is desired by 
their depositors (particularly those whose deposits are not fully 
insured), other creditors, investors, and other institutions. An 
institution's depositors and other creditors may use quarterly Call 
Report information to perform their own assessments of the condition of 
the institution. Existing and potential investors may evaluate Call 
Report data to assess an institution's condition and future prospects; 
the absence of quarterly information could impair the institution's 
ability to raise capital or could limit the liquidity of the 
institution's shares for existing stockholders. Other institutions that 
engage in transactions with the reporting institution may utilize Call 
Report information to assess the condition of their counterparties to 
these transactions. In addition, some institutions use peer analysis to 
benchmark against local competitors using data obtained from their Call 
Reports directly, or by using third-party vendors who often leverage 
information from the agencies' repository of Call Report data. For 
example, as part of their financial control structures, some 
institutions analyze their allowance for loan and lease losses (ALLL) 
by comparing their delinquency ratios and their ratios of ALLL to loans 
and leases to peer group ranges and averages.
    While the agencies understand the commenters' desire for a ``short-
form'' Call Report, for the reasons stated above, the agencies did not 
adopt this suggestion. In addition to the basic financial statements, 
the most streamlined quarterly report possible must also include 
quarterly data required by statute or regulation, along with quarterly 
data necessary for adequate supervision by the agencies. However, as 
part of the continuing burden reduction efforts, the agencies will 
continue to review the quarterly data collected in the proposed FFIEC 
051 and existing FFIEC 031 and FFIEC 041 reports that go beyond the 
statutory or regulatory requirements or essential supervisory needs. 
For example, as described in Section III, the agencies are revising 
Schedule RC-C, Part II, in the FFIEC 051 to reduce its reporting 
frequency from quarterly to semiannual for all institutions that file 
the FFIEC 051.

B. General Comments on the Call Report Initiatives

    The agencies are still engaged in the statutorily mandated review 
of the existing Call Report data items (Full Review).\10\ The agencies 
are conducting the Full Review as a series of nine surveys of internal 
users of Call Report data within the FFIEC member entities. Proposed 
changes resulting from the first three surveys were included in the 
August 2016 proposal, and a summary of the member entities' uses of the 
data items retained in the Call Report schedules covered in these three 
surveys is included as Appendix A. The agencies are analyzing the 
results of four additional surveys, and still need to collect and 
review data from the final two surveys to determine any future proposed 
revisions to the FFIEC 031, FFIEC 041, and FFIEC 051. Burden-reducing 
reporting changes to these three versions of the Call Report from the 
remaining six surveys will be proposed in future Federal Register 
notices with an anticipated implementation date of March 31, 2018. The 
agencies described this staged approach to proposing changes to the 
FFIEC 031, FFIEC 041, and FFIEC 051 resulting from the Full Review in 
their August 2016 proposal, but asked whether it would be less 
burdensome to delay all the changes to the Call Report until the 
completion of the Full Review.
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    \10\ Section 604 of the Financial Services Regulatory Relief Act 
of 2006 (12 U.S.C. 1817(a)(11)) mandates that this review occur 
every five years.
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    The agencies received comments about the burden reduction 
initiative and the Full Review. On the timing of future revisions, one 
commenter stated that it would not matter, while another commenter 
wanted the changes implemented as soon as possible. Three commenters 
recommended adopting all of the changes at once. These commenters 
stated it is more burdensome to deal with more frequent changes to the 
Call Report, even if those changes would reduce burden. Six commenters 
sought a better understanding for the agencies' use of the Call Report 
data items submitted by institutions. Two bankers' associations 
requested a published report of how the data are used either by 
individual line item or by schedule.
    The agencies are cognizant of the burden caused by frequent changes 
to the Call Report, but also must consider the ongoing burden imposed 
until the completion of the review by collecting data items the 
agencies have agreed are no longer necessary. In an attempt to balance 
those concerns, the agencies plan to propose changes related to the 
user surveys in two future notices. The agencies already included the 
results from the first three user surveys in the August 2016 notice. 
The next notice would include changes from a second set of user surveys 
and is expected to be issued in early 2017. The last notice would 
include any changes from a third and final set of user surveys and is 
expected to be issued in late 2017. The proposed effective date for 
changes in both future notices would be March 31, 2018.
    As described earlier in this section and in response to specific 
comments in Sections III and V, a significant amount of the data 
collected in the Call Report is used for safety and soundness purposes, 
especially for quarterly off-site monitoring and reviews between on-
site examinations. Additional data items are required by statute or 
regulation. A lesser number of data items are used for consumer 
financial protection purposes or for specific agency missions, such as 
deposit insurance and monetary policy. To provide additional detail on 
the uses of Call Report schedules and data elements, the agencies are 
including, in Appendix A, a summary of the FFIEC member entities' uses 
of specific schedules and data items from the first three user surveys 
conducted in the Full Review. The agencies plan to publish similar 
summaries when proposing additional changes based on the results of the 
second two sets of Full Review surveys in future notices.
    Finally, while it may not directly reduce burden at this time, as 
described in the August 2016 notice, the agencies will apply a set of 
guiding principles in evaluating potential future additions and 
revisions to the Call Report. Those principles are: (1) The data items 
serve a long-term regulatory or public policy purpose by assisting the 
FFIEC member entities in fulfilling their missions of ensuring the 
safety and soundness of financial institutions and the financial system 
and the protection of consumer financial rights, as well as agency-
specific missions affecting national and state-chartered institutions; 
(2) the data items to be collected maximize practical utility and 
minimize, to the extent practicable and appropriate, burden on 
financial institutions; and (3) equivalent data items are not readily 
available through other means. The agencies intend to apply these 
principles with rigor for items proposed to be added to the Call 
Reports, with the goal of minimizing future burden increases.

[[Page 2449]]

III. Specific Comments on the Proposed FFIEC 051

A. Eligibility

    The agencies proposed to make the FFIEC 051 available as an option 
to eligible small institutions. For purposes of the FFIEC 051 Call 
Report, the agencies proposed to define ``eligible small institutions'' 
as institutions with total assets less than $1 billion and domestic 
offices only. Total assets for eligibility would be measured as of June 
30 each year to determine the institution's eligibility to file the 
FFIEC 051 beginning in March of the following year. In addition, for an 
institution otherwise eligible to file the FFIEC 051, the institution's 
primary federal regulatory agency, jointly with the state chartering 
authority, if applicable, may require the institution to file the FFIEC 
041 instead based on supervisory needs. In making this determination, 
the appropriate agency will consider criteria including, but not 
limited to, whether the eligible institution is significantly engaged 
in complex, specialized, or other higher risk activities.\11\ The 
agencies anticipate making such determinations only in a limited number 
of cases.
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    \11\ This proposed reservation of authority is consistent with 
the reservation of authority applicable to a holding company with 
consolidated total assets of less than $1 billion that would 
otherwise file the Board's FR Y-9SP, Parent Company Only Financial 
Statements for Small Holding Companies (OMB No. 7100-0128). See page 
GEN-1 of the instructions for the FR Y-9SP.
---------------------------------------------------------------------------

    The agencies received numerous comments on eligibility for the 
FFIEC 051. Eight commenters supported expanding the threshold. One 
commenter suggested using the FDIC's definition of a ``community bank'' 
(from the FDIC's Community Banking Study), which is based on deposit 
and lending activity and certain other criteria rather than solely 
asset size, while another commenter suggested expanding the FFIEC 051 
to all institutions that do not engage in complex activities. Another 
commenter suggested tying the asset threshold to the definition of 
``small bank'' under the Community Reinvestment Act (currently, $1.216 
billion and indexed for inflation). Two commenters recommended using a 
$10 billion asset threshold, with one of those commenters suggesting 
that the asset threshold be automatically adjusted for inflation in the 
future.
    At this time, the agencies are retaining their proposed $1 billion 
asset-size threshold to be eligible for the FFIEC 051. This threshold 
is consistent with one of the eligibility criteria established by 
Congress for community institutions to be eligible for an 18-month 
examination cycle rather than the standard 12-month cycle.\12\ The 
agencies are considering other size thresholds and other eligibility 
criteria, such as whether relevant criteria could be developed for 
determining that an institution should be considered a ``community'' 
institution for Call Report purposes; however, an asset-size threshold 
tied to an existing statutory basis was chosen to keep the initial 
eligibility criteria simple and transparent, and avoid delaying the 
proposed March 31, 2017, initial implementation date for those eligible 
institutions interested in beginning to file the FFIEC 051 as of that 
date while the agencies evaluate additional potential eligibility 
criteria. The agencies plan to review additional data in determining 
whether to propose any changes to the initial eligibility threshold in 
the future. The agencies are also making one revision to the 
eligibility criteria to disallow advanced approaches institutions \13\ 
from being eligible to use the FFIEC 051.\14\ Even though such an 
institution may be under the $1 billion asset-size threshold, it is 
part of a consolidated banking organization with assets greater than 
$250 billion and as such the agencies do not believe such an 
institution shares the same risks as eligible small institutions.
---------------------------------------------------------------------------

    \12\ See 12 U.S.C. 1820(d), as amended by Section 83001 of the 
Fixing America's Surface Transportation Act, Public Law 114-94, 129 
Stat. 1312 (2015). The $1 billion asset-size threshold for the 
proposed FFIEC 051 also is consistent with the incremental approach 
taken by Congress when increasing the threshold for the Board's 
Small Bank Holding Company and Savings and Loan Holding Company 
Policy Statement; see Public Law 113-250 (December 18, 2014).
    \13\ See 12 CFR 3.100(b) (OCC); 12 CFR 217.100(b) (Board); 12 
CFR 324.100(b) (FDIC).
    \14\ As a consequence, the data items in Schedule RC-R that are 
applicable only to advanced-approaches institutions would be removed 
from the FFIEC 051.
---------------------------------------------------------------------------

    The agencies also asked whether filing the FFIEC 051 by eligible 
institutions should be mandatory or optional. Six commenters supported 
allowing the FFIEC 051 to be optional. The agencies agree with the 
commenters and will continue to offer it as an option to eligible small 
institutions that would otherwise need to file the FFIEC 041. If an 
institution is eligible for and chooses to adopt the FFIEC 051, the 
agencies expect the institution will continue filing that version of 
the report going forward as long as it remains eligible.\15\ If an 
institution's assets increase to $1 billion or more as of June 30 of 
any calendar year, the institution must return to filing the FFIEC 041 
beginning with the first quarter of the following calendar year.
---------------------------------------------------------------------------

    \15\ An institution whose assets remain below $1 billion as of 
June 30 of any year may choose to file the FFIEC 041 instead of the 
FFIEC 051 beginning with the first quarter of the following calendar 
year. An institution's primary federal supervisory agency may 
approve an institution's request to change to the FFIEC 041 in a 
later quarter of a calendar year on a case-by-case basis.
---------------------------------------------------------------------------

    The agencies received three comments on the proposed reservation of 
authority for filing the FFIEC 051. Two commenters opposed this 
reservation of authority, stating that the language was too broad and 
would allow too much discretion to examiners to arbitrarily make 
institutions change their version of the Call Report. One of these 
commenters suggested a process where any determination by an examiner 
that an institution must revert to the FFIEC 041 should be 
automatically appealable to the agency's Ombudsman. The other commenter 
recommended more clearly defining and limiting the scenarios in which 
the agencies would consider making an institution revert to filing the 
FFIEC 041. The agencies acknowledge the criteria to use the reservation 
of authority listed in the notice could be interpreted more broadly 
than the agencies intended. The agencies would consider using the 
reservation of authority if an institution has a large amount of 
activity in one or more complex activities that would be reported on 
one of the schedules or items proposed to be eliminated in the FFIEC 
051. These schedules include Schedules RC-D (trading activity), RC-L 
(off-balance sheet derivatives), RC-P (mortgage banking), RC-Q (fair 
value measurements), RC-S (servicing, securitization, and asset sale 
activities), and RC-V (variable interest entities). The agencies do not 
intend to use this reservation of authority widely, or to apply it to 
institutions that engage only in activities that are fully reported on 
the FFIEC 051. Furthermore, the exercise of the reservation of 
authority would require a decision by a member of the appropriate 
agency's senior management and would not be at the discretion of 
examination staff.

B. Implementation Date

    The agencies proposed implementing the FFIEC 051 beginning March 
31, 2017, for all eligible small institutions. Nine commenters 
indicated the lead time was sufficient because most of the changes 
between the FFIEC 041 and FFIEC 051 did not affect their institutions. 
Three commenters suggested delaying the implementation date. One 
commenter suggested setting

[[Page 2450]]

the date at least six months from the start of the quarter in which the 
final changes are published. Another commenter stated a minimum of one 
quarter is needed after the final FFIEC 051 is approved. One 
institution suggested a June 30, 2017, implementation date.
    The agencies believe that it is important to offer this new report 
form as an option as early as feasibly possible, to reduce burden for 
those eligible institutions that are able to switch to the FFIEC 051 
beginning with the March 31, 2017, report date. The conversion to the 
FFIEC 051 is optional, and initial eligibility would be determined by 
an institution's asset size as of June 30, 2016. For an institution 
that qualifies to use the FFIEC 051 and desires to use that form, but 
is unable to do so for the March 31, 2017, report date, the institution 
may begin reporting on the FFIEC 051 as of the June 30, 2017, report 
date or in a subsequent quarter of 2017. Alternatively, the institution 
could wait until March 31, 2018, to begin reporting on the FFIEC 051, 
assuming it continues to meet the eligibility criteria.

C. Comments on Schedule RC-R, Regulatory Capital

    The agencies received approximately 30 comment letters that 
highlighted the burden required to prepare Schedule RC-R, Regulatory 
Capital. The agencies received similar comments during their banker 
outreach efforts, as well as in comment letters submitted under a 
review of agency regulations required by the Economic Growth and 
Regulatory Paperwork Reduction Act (EGRPRA).\16\
---------------------------------------------------------------------------

    \16\ Public Law 104-208 (1996), codified at 12 U.S.C. 3311.
---------------------------------------------------------------------------

    An institution must calculate its capital ratios quarterly pursuant 
to the prompt corrective action provisions of statute and the agencies' 
regulations. The agencies revised Schedule RC-R in March 2015 to 
include the data items that would be necessary for an institution to 
calculate its regulatory capital ratios under the agencies' revised 
capital rules. The greater detail of those rules requires a degree of 
categorization, recordkeeping, and reporting that is greater than under 
the previously applicable capital rules. While many of the data fields 
on Schedule RC-R may not be applicable to community institutions not 
engaged in complex activities, some community institutions do engage in 
activities that would need to be reported in those fields to perform 
the correct calculation under the capital rules. The agencies are 
developing responses to the concerns about the burden of the regulatory 
capital rules raised during the EGRPRA comment process and the 
associated reporting requirements on Schedule RC-R. If the agencies 
propose modifications to the regulatory capital rules, the agencies 
would also propose modifications to the associated reporting 
requirements on Schedule RC-R.

D. Comments on Schedule RC-C, Loans and Lease Financing Receivables

    Twelve commenters emphasized Schedule RC-C as a significant 
contributor to the reporting burden for smaller institutions. Five 
banking organizations specifically highlighted Schedule RC-C, Part II, 
Loans to Small Businesses and Small Farms, as particularly burdensome 
and suggested eliminating the schedule or reducing the frequency of the 
data collected. During the agencies' banker outreach efforts, community 
institutions similarly highlighted the burden of Schedule RC-C, and 
particularly Part II of the schedule.
    In developing the proposed FFIEC 051, the agencies removed 38 items 
from Schedule RC-C, Part I, that are currently reported in the FFIEC 
041 and were identified as having lesser utility for institutions 
eligible to file the new report.
    The remaining loan and lease data in Schedule RC-C, Part I, are 
critical inputs to assessing the safety and soundness of individual 
institutions through analysis of the institutions' credit risk, 
interest rate risk, and liquidity risk, including the identification 
and analysis of lending concentrations. The granularity of the loan 
categories is also essential for peer group analysis and industry 
analysis. Loan and lease information is also an important component of 
agency statistical models that assess the risk profile of an 
institution. In addition, many community institutions use the Call 
Report loan categories when they measure the estimated credit losses 
that have been incurred on groups of loans with similar risk 
characteristics in their calculations of the ALLL each quarter under 
U.S. generally accepted accounting principles (GAAP).
    Finally, loan and lease information assists the agencies in 
fulfilling their specific missions. The Board, as part of its monetary 
policy mission, relies on the loan data in Schedule RC-C, Part I, to 
provide information on credit availability and lending conditions not 
available elsewhere. Loan and lease detail at all sizes of institutions 
is necessary for monitoring the overall health of the economy. Reducing 
loan detail or data frequency for smaller institutions would limit the 
ability to monitor credit availability and lending conditions widely, 
including in response to any changes in monetary policy. At times, loan 
availability and lending conditions may be different at smaller 
institutions than at larger institutions. Furthermore, Schedule RC-C, 
Part I, data are used to benchmark weekly loan data collected by the 
Board from a sample of both small and large institutions; the weekly 
data are used to estimate weekly loan aggregates for the banking sector 
as a whole to provide more timely input for the purposes of monitoring 
the macroeconomy.
    The FDIC's deposit insurance assessment system for ``established 
small banks'' relies on information reported by individual institutions 
for the Schedule RC-C, Part I, standardized loan categories in the 
determination of the loan mix index in the financial ratios method, 
which is used to determine assessment rates for such institutions.\17\
---------------------------------------------------------------------------

    \17\ See 81 FR 32186-32188 and 32208 (May 20, 2016).
---------------------------------------------------------------------------

    The data collected in Schedule RC-C, Part II, is based on a 
statutory requirement to collect data on small business and small farm 
loans on an annual basis and began in 1993.\18\ In 2010, the FFIEC 
changed the reporting frequency for Schedule RC-C, Part II, from annual 
to quarterly. At that time, the agencies approved the more frequent 
collection of these data to improve the Board's ability to monitor 
credit conditions facing small businesses and small farms and 
contribute to its ability to develop policies intended to address any 
problems that arise in credit markets. The U.S. Department of the 
Treasury also identified a particular need for these data as they 
worked to develop policies to ensure that more small businesses and 
small farms would have access to credit. The Board also found the more 
frequent data valuable for monitoring the macroeconomy and credit 
availability in particular for the purposes of monetary policymaking. 
However, after extensive analysis by the Board, the agencies agreed in 
the August 2016 proposal to reduce the frequency of Schedule RC-C, Part 
II, to semiannually in June and December for institutions with assets 
of less than $50 million.
---------------------------------------------------------------------------

    \18\ See Section 122 of the Federal Deposit Insurance 
Corporation Improvement Act of 1991, Public Law 102-242.
---------------------------------------------------------------------------

    The agencies received five comments stating that Schedule RC-C, 
Part II, was particularly burdensome for their institutions due to the 
level of manual

[[Page 2451]]

intervention required to report the data. This schedule requests the 
number and amount currently outstanding of existing loans in each of 
these categories, but categorized by the loans' original amounts. One 
banker noted that their bank had to manually stratify loan data into 
the three loan size categories for each type of loan according to the 
loans' original amounts, and then manually adjust for lines of credit 
and participations purchased and sold to accurately report the amount 
currently outstanding. One bank questioned how valuable the small 
business and small farm loan data are for setting monetary policy, 
particularly since the Board had been setting monetary policy for many 
years before the FFIEC began requiring quarterly data in 2010 and also 
because the Call Report data collected in Schedule RC-C, Part II, does 
not capture significant nonbank funding sources for small businesses 
such as credit cards and vendor financing. The agencies received 
similar comments about burden from banker outreach efforts conducted by 
the FFIEC member entities and through the EGRPRA process. After 
additional review, the Board has determined that semiannual reporting 
by all institutions filing the FFIEC 051 would be of sufficient 
frequency to meet their data needs. Therefore, the agencies will 
collect this loan information from all institutions filing the FFIEC 
051 in the June and December quarterly reports only.

E. Coordination With Other Reports

    Two commenters from multibank holding companies stated that the 
FFIEC 051 does not provide any relief for their institutions, because 
many of the items removed from the FFIEC 041 must still be reported on 
the holding company's FR Y-9C \19\ report and therefore must still be 
collected at the bank level. One of these commenters noted that unless 
all banks in a multibank holding company can use the FFIEC 051, likely 
none of them will, as it may be more difficult to consolidate the 
information from different Call Report forms when completing the FR Y-
9C. The Board notes that for most holding companies with total assets 
less than $1 billion, the holding company can file the FR Y-9SP, which 
does not require data being removed from the FFIEC 051. For holding 
companies with total assets of $1 billion or more, the FR Y-9C does 
require a significant amount of information that is being removed from 
the FFIEC 051. The Board believes this information is necessary on the 
FR Y-9C, even if the activity is spread among multiple subsidiary 
institutions, some of which may have assets less than $1 billion, for 
the effective supervision of the consolidated holding company. In those 
cases, the holding company and its subsidiary institutions can best 
determine whether there is any burden saved at the institution level by 
filing the FFIEC 051 rather than the FFIEC 041.
---------------------------------------------------------------------------

    \19\ Consolidated Financial Statements for Holding Companies (FR 
Y-9C; OMB No. 7100-0128).
---------------------------------------------------------------------------

    Four commenters stated that the agencies should reduce duplication 
between the Call Report and other regulatory reports collected by the 
agencies. Commenters noted perceived duplication of one or more data 
items with the following reports: FR 2900,\20\ FR 2644,\21\ the FDIC's 
annual Summary of Deposits survey,\22\ and loan data provided to the 
institution's Federal Home Loan Bank for access to advances. The 
agencies do not believe data collected in these collections are 
duplicative of Call Report data. The FR 2900 collects select data on 
cash and deposit liabilities for reserve requirement purposes, from 
most institutions on a weekly basis, which may not coincide with the 
reporting date for the Call Report. The FR 2644 collects data on loans, 
securities, and borrowings from a small sample of banks on a weekly 
basis, which may not coincide with the reporting date for the Call 
Report. The FDIC's Summary of Deposits survey collects data on deposits 
stratified by branch location from institutions with branch offices 
annually as of each June 30. Deposit data categorized by branch 
location is not available elsewhere. The Federal Home Loan Banks are 
not government agencies, and any data they may collect in connection 
with various lending programs are not readily available for use by 
FFIEC member entities.
---------------------------------------------------------------------------

    \20\ Report of Transaction Accounts, Other Deposits and Vault 
Cash (FR 2900; OMB No. 7100-0087).
    \21\ Weekly Report of Selected Assets and Liabilities of 
Domestically Chartered Commercial Banks and U.S. Branches and 
Agencies of Foreign Banks (FR 2644; OMB No. 7100-0075).
    \22\ Summary of Deposits, OMB No. 3064-0061.
---------------------------------------------------------------------------

IV. Proposed Call Report Revisions to the FFIEC 041 and the FFIEC 031

    The agencies proposed revisions to some of the schedules in the 
FFIEC 041 and FFIEC 031 Call Reports in response to the findings of the 
first three user surveys at FFIEC member entities conducted under the 
Full Review. Specifically, the following schedules in the FFIEC 041 and 
FFIEC 031 versions of the Call Report would have data items removed or 
subject to new or higher reporting thresholds as a result of these 
surveys (see Appendices C and D for a complete listing of the affected 
data items based on the September 30, 2016, FFIEC 031 and FFIEC 041 
Call Reports, respectively):
 Schedule RI--Income Statement
 Schedule RI-B--Charge-offs and Recoveries on Loans and Leases 
and Changes in Allowance for Loan and Lease Losses
 Schedule RC-C--Loans and Lease Financing Receivables
 Schedule RC-E--Deposit Liabilities
 Schedule RC-M--Memoranda
 Schedule RC-N--Past Due and Nonaccrual Loans, Leases, and 
Other Assets

    The agencies did not receive any comments on the specific changes 
to the FFIEC 041 and FFIEC 031 in the proposal, and plan to implement 
those changes as proposed.

V. Additional Suggested Revisions

    Twelve commenters recommended additional specific changes for the 
agencies to consider on various schedules of the Call Report. Many of 
these commenters did not direct their comments at a specific version of 
the Call Report, so the agencies considered these comments to improve 
both the existing FFIEC 031 and FFIEC 041 Call Reports and proposed 
FFIEC 051.
    One commenter suggested the agencies revise Schedule RI-C 
(Disaggregated Data on the Allowance for Loan and Lease Losses) to 
align with the loan categories reported on Schedule RC-C, Part I. The 
agencies did not adopt this suggestion. Aligning the categories would 
require collecting additional granular data on Schedule RI-C, adding 
approximately 20 categories and 60 total items. The agencies proposed 
collecting disaggregated ALLL data for key Schedule RC-C, Part I, loan 
categories when they proposed to add Schedule RI-C to the Call Report 
in 2011. However, commenters on that proposal questioned the reporting 
of ALLL data for these key Call Report loan categories. They 
recommended reducing the number of loan categories and using broader 
portfolio segments that would better align with their loan loss 
allowance methodologies, which the agencies did in the final 
implementation of Schedule RI-C in 2013. The agencies do not believe 
that changing the schedule to require additional granularity of data is 
necessary for the supervision of the institutions to which this 
schedule is currently applicable. In this regard, the agencies do not 
collect Schedule RI-C from institutions with assets less than $1 
billion and it would not be included in the FFIEC 051.

[[Page 2452]]

    Three commenters suggested revisions to Schedule RI-E 
(Explanations). One commenter suggested adjusting the criteria to 
separately disclose individual components of other noninterest income 
and other noninterest expense. The agencies' current criteria require 
separate disclosure if a component within one of those income statement 
categories is greater than $100,000 and 3 percent of the total balance 
of that category.\23\ The commenter suggested adjusting the criteria to 
the greater of $100,000 and 5 to 7 percent of the total balance. 
Another commenter suggested reporting Schedule RI-E detail on other 
noninterest income and other noninterest expense annually on the 
December 31 Call Report, as the commenter stated the data are primarily 
useful on an annual rather than quarterly basis. Another commenter 
suggested providing definitions for each of the components of other 
noninterest income and other noninterest expense for which preprinted 
captions are provided in Schedule RI-E. The agencies plan to review the 
threshold for separately disclosing individual components and the 
frequency of the data collection as part of the ongoing Full Review. 
The agencies do not plan to provide specific definitions for the 
components of other noninterest income and other noninterest expense 
represented by preprinted captions. The agencies added preprinted 
captions for these components to assist all institutions, including 
community institutions, as they were the most frequently disclosed 
components. Not having preprinted captions for such components would 
necessitate each institution manually entering its own captions for 
those components of other noninterest income and other noninterest 
expense exceeding the reporting threshold. However, the agencies do not 
want to impose a regulatory definition for these individual components, 
which could require institutions to adjust their internal definitions 
to line up with the agencies' definitions. The agencies use this 
information primarily for the supervision of individual institutions 
rather than for peer group comparison, so imposing uniform definitions 
across institutions is not necessary for supervisory review. Detailed 
lists of components of other noninterest income and other noninterest 
expense can be found in the instructions for Schedule RI, items 5.1 and 
7.d, respectively. The agencies plan to clarify the instructions for 
these two Schedule RI data items to better indicate the linkage between 
the components of other noninterest income and other noninterest 
expense listed in these instructions and the preprinted captions 
provided in Schedule RI-E.
---------------------------------------------------------------------------

    \23\ Prior to 2001, the agencies required separate disclosure of 
components greater than 10 percent of all other noninterest income 
or other noninterest expense. In 2001, the agencies revised the 
threshold to 1 percent of total interest income plus total 
noninterest income. In 2008, the agencies changed the threshold to 3 
percent of other noninterest income or other noninterest expense 
with a $25,000 floor. The floor was raised to $100,000 effective 
September 30, 2016, while retaining the percentage threshold.
---------------------------------------------------------------------------

    One commenter suggested the agencies review the intangible asset 
breakout on Schedule RC, item 10, and Schedule RC-M, item 2, and 
suggested combining goodwill and other intangible assets on Schedule 
RC. The agencies need additional time to consider this request, and 
will consider it within the next set of proposed Call Report revisions.
    Six commenters stated that Schedule RC-E (Deposit Liabilities) and 
RC-O (Other Data for Deposit Insurance and FICO Assessments) were 
particularly burdensome and suggested simplifying or consolidating the 
deposit data on these schedules. Some commenters specifically noted the 
breakout of deposit information by source, use, and balance as time-
consuming, especially for Memorandum items 1 through 4 on Schedule RC-
E. Two commenters noted that the FDIC's deposit insurance assessments 
currently are calculated based on average total assets and average 
tangible equity, so the deposit data is not necessary for the vast 
majority of banks.\24\ Three commenters also questioned why the 
agencies maintain a stratification of certain deposits in Schedule RC-E 
into those with balances less than $100,000, $100,000 through $250,000, 
and more than $250,000 even though the deposit insurance limit is 
currently $250,000, and stated this stratification was particularly 
burdensome as it required a significant amount of manual intervention. 
Two commenters stated that separating out Individual Retirement 
Accounts (IRA) data from general deposits on Schedule RC-O was 
particularly burdensome, with one commenter noting their bank had to 
further identify and separate out Coverdell Education Savings Accounts 
(formerly called Education IRAs) from the bank's other IRA account 
balances to add back to the non-retirement accounts.
---------------------------------------------------------------------------

    \24\ Deposit data affects the assessments at certain 
institutions, such as bankers' banks and custodial banks.
---------------------------------------------------------------------------

    Schedule RC-E categorizes deposits based on source (brokered or 
non-brokered) and type of account (time deposit, demand deposit, 
savings deposit), and by deposit size within certain of those 
categories. The reporting of deposit data for some of these categories 
is required by statute.\25\ Reporting of time deposits with balances 
less than $100,000 in Schedule RC-E, including certain Memorandum items 
to adjust that amount, is tied to the Board's measurement of the money 
supply.\26\ Schedule RC-O, Memorandum item 1, categorizes deposits 
based on purpose (for retirement or not for retirement) and subdivided 
by deposit size, as the deposit insurance limit applies separately to 
retirement and non-retirement accounts. These deposit data also are 
necessary for the FDIC to calculate the reserve ratio each quarter, 
which is the ratio of the net worth of the Deposit Insurance Fund (DIF) 
to the aggregate estimated insured deposits.\27\ The agencies 
previously approved revisions to Schedule RC-E (and Schedules RI and 
RC-K) to replace most segmentations of deposits less than $250,000 that 
are not needed to calculate the money supply with segmentations based 
on deposits of more than $250,000 for consistency with the deposit 
insurance limits currently in effect. These revisions will be 
implemented beginning March 31, 2017.\28\ The agencies are not making 
any revisions to the classification of Coverdell accounts, as the 
reporting of deposits by purpose is tied to the FDIC's provision of 
deposit insurance.
---------------------------------------------------------------------------

    \25\ For example, 12 U.S.C. 1817(a)(5) and (9).
    \26\ See definition of M2, https://www.federalreserve.gov/faqs/money_12845.htm.
    \27\ See 12 U.S.C. 1813(y)(3).
    \28\ See 81 FR 45357 (July 13, 2016).
---------------------------------------------------------------------------

    One commenter stated that the data on Schedules RC-F (Other Assets) 
and RC-G (Other Liabilities) did not change significantly for community 
banks from quarter to quarter and should be reported annually instead. 
The agencies did propose reducing the frequency by which institutions 
must report the significant components of all other assets and all 
other liabilities on these two schedules to semiannual in the FFIEC 051 
in the August 2016 notice. The agencies will be considering both the 
data items and frequency of reporting for these two schedules for all 
versions of the Call Report in the Full Review, and will consider the 
commenter's suggestions in that process.
    One commenter stated that Schedule RC-K (Quarterly Averages) was 
particularly burdensome, as the bank's general ledger provides point-
in-time

[[Page 2453]]

amounts and manual intervention is needed to calculate quarterly 
averages. The agencies note that average total assets is necessary for 
various purposes, including prompt corrective action and deposit 
insurance assessments.\29\ The agencies will be considering both the 
data items and frequency of reporting for this schedule in the Full 
Review, and will consider the commenter's suggestions in that process.
---------------------------------------------------------------------------

    \29\ See 12 U.S.C. 1831o and 12 CFR 327.5.
---------------------------------------------------------------------------

    Three commenters stated that Schedule RC-L (Derivatives and Off-
Balance Sheet Items) was particularly difficult to complete, as some 
items defined in that schedule do not align with definitions for 
similar items in Schedule RC-R, particularly for over-the-counter (OTC) 
derivatives. The commenters also noted certain items included in 
Schedule RC-L, such as ``commitments to make a commitment,'' are 
difficult to define and track. One commenter suggested lining up the 
loan commitment categories on Schedule RC-L with the loan categories on 
Schedule RC-C, Part I. The agencies are investigating alternatives to 
the current definitions in Schedule RC-L, and whether they can be more 
closely aligned with definitions used in the agencies' regulatory 
capital rules, which is the basis for Schedule RC-R, for inclusion in a 
future notice. The agencies do not plan to align the loan categories 
between Schedules RC-L and RC-C, Part I. The loan categories on 
Schedule RC-C, Part I, are much more granular than in Schedule RC-L. 
Reducing the granularity of categories on Schedule RC-C, Part I, would 
impair the agencies' ability to use that data for safety and soundness 
monitoring, while increasing the granularity on Schedule RC-L would 
impose additional burden to collect items the agencies do not believe 
are necessary.
    One commenter recommended reducing the frequency of certain data 
items in Schedule RC-M (Memoranda) to annual. Specifically, items 7 
through 9, 11, and 12 do not change from quarter to quarter at the 
commenter's bank. Item 7 collects data on assets under management in 
proprietary mutual funds and annuities. Item 8 collects information on 
an institution's internet Web site addresses and trade names. Item 9 
asks about internet Web site transactional capability. Items 11 and 12 
collect information on certain bank powers. The agencies proposed in 
the August 2016 notice to reduce the frequency for items 7, 9, 11, and 
12 from quarterly to annual. The agencies will continue collecting item 
8 on a quarterly basis to provide more accurate, timely, and complete 
information to the FDIC, depositors, and the general public on the 
insured status of entities identifying themselves as FDIC-insured 
depository institutions than would occur through annual reporting.
    One commenter requested that the agencies add control totals to 
Schedule RC-N for past due and nonaccrual loans, leases, and other 
assets to allow easier validation of the accuracy of the reported data 
to the institution's own records. The agencies also noted during their 
on-site banker outreach efforts that some institutions appended their 
own control totals on this form. The agencies agree with the 
suggestion, and plan to revise Schedule RC-N on the FFIEC 031, 041, and 
051. For the same reason, the agencies will also revise Schedule RC-C, 
Part I, and Schedule RC-N to add control totals for troubled debt 
restructurings in Memorandum item 1 of each schedule. While these 
changes would add additional data items to these two schedules, the 
data items would be simple mathematical totals of existing data items 
and would not require the institution to obtain any additional data.
    Five commenters requested that the agencies improve the clarity and 
usefulness of the Call Report instructions and highlight any changes 
made to the instructions each quarter. One commenter also recommended 
improving internal consistency within the Call Report. The agencies 
agree that the current Call Report instructions could be made more 
useful, and will start by incorporating hyperlinks to cited documents 
in the instructions for the FFIEC 051.\30\ In addition, the agencies 
will post ``redlined'' documents on the FFIEC Web site \31\ that 
clearly indicate any changes to the instructions made since the 
previous quarter in both versions of the Call Report instructions. The 
agencies note that the description in the Call Report forms and 
instructions for ``loans and leases, net of unearned income'' and 
``loans and leases held for investment'' are intended to have the same 
reported amounts. Accordingly, the agencies will replace the former 
description with the latter description in affected data item captions 
and related instructions for clarity and internal consistency. The 
agencies will continue to consider additional changes to improve the 
clarity and usefulness of the Call Report instructions and the internal 
consistency of the report.
---------------------------------------------------------------------------

    \30\ The agencies have already begun to add such hyperlinks to 
the existing set of instructions for the FFIEC 031 and FFIEC 041.
    \31\ https://www.ffiec.gov/ffiec_report_forms.htm.
---------------------------------------------------------------------------

VI. Request for Comment

    Public comment is requested on all aspects of this joint notice. 
Comment is 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.
    Comments submitted in response to this joint notice will be shared 
among the agencies. All comments will become a matter of public record.

Appendix A

Summary of the FFIEC Member Entities' Uses of the Data Items in the 
Call Report Schedules in Full Review Surveys 1 Through 3

Schedule RC (Balance Sheet)

    Schedule RC collects high-level information on various balance 
sheet categories, including assets, liabilities, and equity accounts 
every quarter. These categories are aligned with the categories 
typically reported on a basic balance sheet prepared under U.S. 
generally accepted accounting principles (GAAP).

Schedule RI (Income Statement)

    Schedule RI collects information on various income and expense 
categories every quarter. In general, these categories are aligned 
with the categories typically reported on a basic income statement 
and in the notes to the financial statements prepared under U.S. 
GAAP.
    The Memorandum items collect an assortment of information on 
items related to the income statement. Some items provide additional 
detail for certain categories of income or expense, while other 
items are not directly tied to earnings measures. Memorandum items 
on tax-exempt income and nondeductible interest expense are used to 
convert components of reported earnings to a tax-equivalent basis to 
improve the comparability of income statement information across 
institutions for purposes

[[Page 2454]]

of analyzing institutions' earnings. An institution's Subchapter S 
status for federal income tax purposes assists examiners and other 
users in understanding the amounts, if any, reported for applicable 
income taxes. It also serves as a flag for adjusting after-tax 
earnings when measuring return on assets to improve the 
comparability of this ratio across institutions with differing tax 
statuses. The count of full-time equivalent employees is used to 
calculate efficiency ratios and average personnel expenses per 
employee to identify institutions with higher expense levels for 
further review. The existence of other-than-temporary impairment 
losses on debt securities recognized in earnings provides an 
indication of heightened credit risk in an institution's investment 
securities, which may warrant supervisory follow-up, and assists in 
the scoping of the review of the securities portfolio during on-site 
examinations. Data on the composition of trading revenue is used in 
evaluating the variability and volatility of this revenue source for 
institutions with significant trading activity in off-site reviews 
and for pre-examination planning and as part of industry analysis of 
trading activity.

Schedule RC-C, Part I (Loans and Lease Financing Receivables)

    Schedule RC-C, Part I, requests information on loan and lease 
financing activities, segmented into detailed loan categories. The 
memoranda items request additional information, including scheduled 
maturities and repricing dates for certain loan types and fair value 
estimates.
    Schedule RC-C details loan volumes, segmentations, and 
structures, all of which facilitate the assessment of an 
institution's inherent risk, performance risk, and structure risk in 
its primary earning assets and its primary source of credit risk. 
Schedule RC-C is often reviewed in conjunction with Schedules RI, 
RI-B, and RC-N. This granular data enables examiners to analyze and 
assess the institution's loan portfolio diversification, credit 
quality, concentration exposure, and overall risk profile. These 
schedules are critical to the credit quality analysis performed by 
examiners to identify early warning signs of deterioration in the 
financial condition of institutions. Asset quality ratios from the 
Uniform Bank Performance Report (UBPR) that are calculated using 
data from Schedule RC-C and related loan schedules are also helpful 
to examiners in determining how an institution is performing 
relative to its peers and relative to its own risk profile based on 
its loan portfolio composition. In addition, these ratios are useful 
to examiners in assessing the institution's credit risk management 
practices relative to its peers. Elevated charge-offs or increases 
in nonaccrual loans in relation to loan balances provide information 
to users of the data on potential weak underwriting in prior 
periods, deterioration of asset quality, or the indication that the 
institution is recovering from a period of stress. If there are 
concerns about the allowance for loan and lease losses (ALLL) 
methodology or the appropriateness of the ALLL level, then there is 
a focus on the provision expense relative to the charge-offs as well 
as to the growth and quality of certain portfolios, depending on the 
institution's risk characteristics. All of these inputs are 
essential in the review of the balance sheet, the liquidity of the 
institution, and the asset-liability management of the institution.
    The data on Schedule RC-C are needed for on-site and off-site 
examination purposes and also are used in the systemic analysis of 
the banking system. Because the loan portfolio is the primary source 
of credit risk in institutions, the breakdown of the portfolio by 
loan type is essential in the review of asset quality. An 
understanding of an institution's lending activity is needed to 
ensure the safety and soundness of the financial institution by 
indicating whether the institution is increasing concentrations or 
incorporating a change to its lending strategy. The loan 
segmentation information is essential for planning and staffing 
examinations by considering each institution's lending activities. 
The information also allows the examination teams to determine if 
the lending volume constitutes a concentration of credit, which 
could require additional monitoring, measuring, and risk mitigation 
strategies by bank management. In addition, the loan detail is 
important for loan scoping and trend analysis of the entire 
portfolio, which are essential in determining an institution's risk 
profile. On a broader perspective, the loan segmentation allows 
regulatory staff to identify concentration risks across 
institutions.
    Along with related data in Schedule RC-N, information about 
troubled debt restructurings in compliance with their modified terms 
can assist the assessment of management's ability to work out 
different categories of problem loans.
    Maturity and repricing information on loans and leases, together 
with the maturity and repricing information collected in other 
schedules for other types of assets and liabilities, are needed to 
evaluate the liquidity and interest rate risk of the institution and 
to aid in evaluating the strategies institutions take to mitigate 
these risks. Liquidity and interest rate risk indicators that are 
calculated by agency models from an institution's Call Report data 
and exceed specified parameters or change significantly between 
examinations are red flags that call for timely examiner off-site 
review. The institution's risk profile in these areas is considered 
during pre-examination planning to determine the appropriate scoping 
and staffing for examinations.
    In addition, Schedule RC-C and related loan schedules assisted 
the Consumer Financial Protection Bureau's (CFPB) efforts to develop 
required estimates for various Title XIV mortgage reform rulemakings 
under the Dodd-Frank Wall Street Reform and Consumer Protection Act 
(Pub. L. 111-203) (Dodd-Frank Act). Going forward, data items in 
these schedules are critical for continuous monitoring of the 
mortgage market. The CFPB uses these items to understand the 
intricacies of the mortgage market that are essential to assessing 
institutional participation in regulated consumer financial services 
markets and to assess regulatory impact associated with recent and 
proposed policies, as required by that agency's statutory mandate.
    Finally, loan and lease information assists the agencies in 
fulfilling their specific missions. The Board, as part of its 
monetary policy mission, relies on institution-specific Call Report 
data to provide information on credit availability and lending 
conditions not available elsewhere. Loan and lease detail at all 
sizes of institutions is necessary for monitoring economic 
conditions.
    Reducing loan detail or data frequency for smaller institutions 
would limit the ability to monitor credit availability and lending 
conditions widely, including changes in credit and lending related 
to changes in monetary policy. At times, loan availability and 
lending conditions may be different at smaller institutions than at 
larger institutions. Furthermore, Schedule RC-C, Part I, data are 
used to benchmark weekly loan data collected by the Board from a 
sample of both small and large institutions; the weekly data are 
used to estimate weekly loan aggregates for the banking sector as a 
whole to provide a more timely input for purposes of monitoring the 
macroeconomy.
    The FDIC's deposit insurance assessment system for ``established 
small banks'' relies on information reported by individual 
institutions for the Schedule RC-C, Part I, standardized loan 
categories in the determination of the loan mix index in the 
financial ratios method, as recently amended, which is used to 
determine assessment rates for such institutions.

Schedule RC-C, Part II (Loans to Small Businesses and Small Farms)

    Schedule RC-C, Part II, requests data on loans to small 
businesses and small farms, including stratification by original 
loan amount.
    Call Report small business and small farm lending data are an 
invaluable resource for understanding credit conditions facing these 
sectors of the economy. Quarterly collection of these data improves 
the Board's ability to monitor credit conditions facing small 
businesses and small farms and significantly contributes to its 
ability to develop policies intended to address any problems that 
arise in credit markets. The institution-level Call Report data 
provide information that cannot be obtained from other indicators of 
small business and small farm credit conditions. For example, during 
a period of credit contraction, the Call Report data can be used to 
identify which types of institutions are reducing the volume of 
their loans to small businesses and small farms. This is important 
information for the Board, as having detailed data on the 
characteristics of affected institutions is crucial to building a 
sufficiently informative picture of the strength of economic 
activity. Moreover, there is evidence that small business lending by 
small institutions does not correlate with lending by larger 
institutions.
    Monetary policymaking benefits importantly from timely 
information on small business credit conditions and flows. To 
determine how best to adjust the federal funds rate over time, the 
Board must continuously assess the prospects for real economic 
activity and inflation in coming

[[Page 2455]]

quarters. Credit conditions have an important bearing on the 
evolution of those prospects over time, and so the Board pays close 
attention to data from Call Reports and other sources. In trying to 
understand the implications of aggregate credit data for the 
macroeconomic outlook, it is helpful to be able to distinguish 
between conditions facing small firms and those affecting other 
businesses, for several reasons. First, small businesses comprise a 
substantial portion of the nonfinancial business sector, and so 
their hiring and investment decisions have an important influence on 
overall real activity. Second, because small businesses tend to 
depend more heavily on depository institutions for external 
financing, they likely experience material swings in their ability 
to obtain credit relative to larger firms. Third, the relative 
opacity of small businesses and their consequent need to provide 
collateral for loans is thought to create a ``credit'' channel for 
monetary policy to influence real activity. Specifically, changes in 
monetary policy may alter the value of assets used as collateral for 
loans, thereby affecting the ability of small businesses to obtain 
credit, abstracting from the effects of any changes in loan rates. 
Finally, the credit conditions facing small businesses and small 
farms differ substantially from those facing large businesses, 
making it necessary to collect indicators that are specific to these 
borrowers. Large businesses may access credit from a number of 
different sources, including the corporate bond market and the 
commercial paper market. In contrast, small businesses and small 
farms rely more heavily on credit provided through depository 
institutions. The dependence of small businesses and small farms on 
lending by depository institutions--particularly from smaller 
institutions--highlights the importance of Call Report data.

Schedule RC-N (Past Due and Nonaccrual Loans, Leases, and Other 
Assets)

    Schedule RC-N requests data on past due and nonaccrual assets by 
detailed categories for loans and leases and, on a combined basis, 
for debt securities and other assets.
    Data collected on Schedule RC-N is essential to the oversight 
function of the FFIEC member entities. The loan portfolio is the 
largest asset type and the primary source of credit risk at most 
financial institutions. Past due and nonaccrual loan information 
provides significant insights into the overall credit quality of a 
financial institution's loan portfolio and potential areas of credit 
quality concerns on which to focus for monitoring and assessing the 
credit risk management and overall safety and soundness of an 
institution. A high level of past due or nonaccrual loans often 
precedes adverse changes in an institution's earnings, liquidity, 
and capital adequacy. This information can also have an impact on 
consumer protection law compliance and agency rulemaking.
    Information collected on Schedule RC-N is integral to both on-
site and off-site review processes at the FFIEC member entities. 
Trends in past due and nonaccrual loans alert examiners to possible 
weaknesses in bank management's loan underwriting and credit 
administration practices. This information is a significant factor 
in assessing the portfolio's collectability and in estimating the 
appropriate level for an institution's ALLL, as well as the adequacy 
of its capital levels. The ability to compare results and trends 
across financial institutions is important to distinguish systemic 
issues from institution-specific concerns. Past due and nonaccrual 
loan information can serve as an indicator of areas of increasing 
credit risk within the loan portfolio. The segmentation of past due 
and nonaccrual information by loan category is necessary to pinpoint 
where the credit risk in an institution's loan portfolio exists. 
Comparing the past due level in different loan portfolios to other 
risk characteristics in that portfolio such as concentration, 
charge-offs, or growth can help to determine the overall level of 
risk to the safety and soundness of an institution. This data can 
also provide more insight on credit risks or weak underwriting 
practices associated with a specific loan category, which helps 
direct the scope of an exam.
    Memorandum items in Schedule RC-N also provide important 
information about credit risk management, including the past due or 
nonaccrual status of troubled debt restructurings, which can assist 
the assessment of management's ability to work out different 
categories of problem loans. Data regarding delinquent derivative 
contracts provides important information for assessing a financial 
institution's asset quality, capital level, earnings, market risk, 
and operational risk.
    Past due and nonaccrual information is also utilized in the 
assessment of compliance with consumer protection laws and 
regulations. Items reported on Schedule RC-N are used to inform rule 
writing and policy efforts, including the CFPB's Title XIV mortgage 
reform rulemakings under the Dodd-Frank Act. Past due information 
can identify potential areas of disparate treatment in relation to 
the Fair Housing Act (Pub. L. 90-284). Additionally, past due levels 
can highlight areas of potential unfair practices under the 
principles in section 1031 of the Dodd-Frank Act, which are similar 
to those under section 5 of the Federal Trade Commission Act (15 
U.S.C. 45).

Schedule RI-B, Parts I and II (Charge-offs and Recoveries on Loans 
and Leases and Changes in Allowance for Loan and Lease Losses)

    Schedule RI-B, Part I, collects information on charge-offs and 
recoveries on loans and leases, while Part II collects information 
on changes in the ALLL during the year-to-date reporting period in a 
manner consistent with the disclosure of the activity in the 
allowance required under U.S. GAAP.
    The data items on Schedule RI-B provide information critical to 
the missions of the FFIEC member entities. Charge-off amounts, in 
conjunction with any associated recoveries, for the various loan 
categories are needed to assess the safety and soundness of the 
financial institution by indicating the credit quality of the loan 
portfolio and the potential credit risk of the institution. The data 
items are also used to assess the strength of the institution's 
credit administration practices, along with the institution's loan 
underwriting practices. The data items also support the agencies' 
rule writing and policy efforts.
    Schedule RI-B data play an integral role in reviewing the asset 
quality of an institution. The net charge-offs help in the 
assessment of the level of credit risk in the loan portfolio, both 
in aggregate and by loan type. Above average or increasing net 
charge-offs may be a signal of weak underwriting in prior periods, 
which in turn may be an indicator of future risks to earnings and 
capital. In addition, the separate reporting of gross charge-offs 
and recoveries allows users of the data to evaluate whether high 
recovery rates are masking underlying loss levels and trends, which 
may have future earnings implications, and the charge-off and 
recovery data also aid in the planning of on-site examinations and 
in the scoping of the loan review to be conducted during these 
examinations.
    Schedule RI-B is also important in assessing the strength of an 
institution's underwriting and credit administration practices. The 
data items allow for the agencies to highlight loan categories with 
a large or sudden change in charge-off rates, which is often a key 
indicator of weaknesses in these areas, while information on 
recoveries provides support in evaluating an institution's ability 
to collect on prior charge-offs.
    The segmentation of the charge-off and recovery data by loan 
category in Schedule RI-B is essential for many reasons. Consistent 
segmentation by loan category allows for comparability between 
institutions, as well as within an institution from quarter to 
quarter, allowing for the evaluation of changes and trends in 
charge-offs and recoveries that may or may not be institution-
specific. This evaluation facilitates on-site examination planning. 
It also allows for better off-site monitoring of the existing types 
of lending and shifts in types of lending. The granularity and 
consistency of data items helps in the determination of whether 
weaknesses are confined to a particular portfolio segment and are 
unique to the institution or whether they are representative of a 
more widespread systemic weakness in a particular loan category. The 
detail by loan category is critical as losses in certain portfolios 
vary based on several factors and aggregating the data items would 
impair the ability to analyze data by loan category. The Memorandum 
items request further detail on charge-offs and recoveries or 
additional loan categories, which assists in the assessment of 
credit risk in these areas.
    Schedule RI-B data items are used in rule writing and policy 
efforts. In particular, the items are used to assess institutional 
participation in regulated consumer financial services markets and 
to assess regulatory impact associated with recent and proposed 
policies, as required by the CFPB's mandate. Also, the information 
reported in Schedule RI-B, Part I, was integral in various Title XIV 
mortgage reform rulemakings under the Dodd-Frank Act and continues 
to be critical for the continuous monitoring of the mortgage 
markets.

[[Page 2456]]

Schedule RC-E, Parts I and II (Deposit Liabilities)

    Schedule RC-E, Part I, requests data on deposits, segmented 
between transaction and nontransaction accounts. The Memoranda 
section of the schedule requests additional detail on retirement 
account deposits, brokered deposits, deposit size, and time deposit 
maturity and repricing dates. Schedule RC-E, Part II, requests data 
on foreign deposits and is included only in the FFIEC 031.
    Schedule RC-E, Part I, provides detail necessary for supervisory 
purposes, including for identifying material deposit elements and 
providing detail needed to analyze cost of funds. Deposit detail as 
to the type, nature, and maturity of deposits, including deposits 
from non-core sources, is critical to the agencies' asset-liability 
management, interest rate risk, and liquidity analyses. A number of 
agency analysis tools routinely use quarterly deposit data for trend 
analysis and timely identification of deposit shifts, including 
changes in an institution's use of brokered and listing service 
deposits. Schedule RC-E, Part I, data are also used to estimate the 
contribution to the U.S. monetary aggregates for over 1,000 
depository institutions that do not file these data directly to the 
Board.
    The Schedule RC-E, Part I, Memorandum items provide information 
needed for off-site monitoring and pre-examination planning, 
particularly for analyses related to brokered deposits and time 
deposits, the results of which may signal the existence of higher-
risk funding strategies. The resolution process for failed 
institutions requires sufficient deposit detail to estimate the 
least costly alternative to liquidation. Brokered deposit data are 
used as inputs in the calculation of deposit insurance assessment 
rates and to assure compliance with safety and soundness regulations 
tied to limits on those types of deposits.
    Maturity and repricing information on time deposits, together 
with the maturity and repricing information collected in other 
schedules for other types of assets and liabilities, are needed to 
evaluate the liquidity and interest rate risk of the institution and 
to aid in evaluating the strategies institutions take to mitigate 
these risks. Liquidity and interest rate risk indicators that are 
calculated by agency models from an institution's Call Report data 
and exceed specified parameters or change significantly between 
examinations are red flags that call for timely examiner off-site 
review. The institution's risk profile in these areas is considered 
during pre-examination planning to determine the appropriate scoping 
and staffing for examinations.
    Schedule RC-E, Part II, data on foreign deposits provides the 
extent of and exposure to such balances, and is used in similar 
analyses for institutions with foreign operations.

Schedule RC-O (Other Data for Deposit Insurance and FICO 
Assessments)

    Schedule RC-O requests data for deposit insurance purposes and 
serves three primary purposes for the FDIC: Calculating the FDIC's 
DIF reserve ratio, calculating the assessment base of FDIC-insured 
institutions, and calculating the risk-based assessment rate of 
FDIC-insured institutions.
    Schedule RC-O data are collected in the Call Report to provide 
unique information used in the calculation of the FDIC's reserve 
ratio to satisfy the statutory requirements related to maintaining 
the DIF. Information related to deposit liabilities on Schedule RC-O 
is needed to estimate insured deposits. Schedule RC-O is the only 
place on the Call Report where information is available to estimate 
insured and uninsured deposits for individual institutions and 
equivalent data items are not readily available from other sources.
    Schedule RC-O data that are not available elsewhere enable the 
FDIC to calculate the quarterly deposit insurance assessment base 
for each FDIC-insured institution. Pursuant to the Dodd-Frank Act, 
the assessment base is defined as average consolidated total assets 
minus average tangible equity, both of which are reported in 
Schedule RC-O. Custodial banks and banker's banks also receive an 
additional adjustment to the assessment base using Schedule RC-O 
data. The FDIC must be able to calculate the assessment base in 
order to meet the statutory requirements for collecting quarterly 
insurance assessments from all FDIC-insured institutions.
    Most of the data reported on Schedule RC-O is used to determine 
the risk-based insurance assessment for individual institutions in 
accordance with FDIC regulations implementing the statutory 
requirement for risk-based assessments first enacted in 1991. With 
the adoption of the risk-based scorecards for large and highly 
complex institutions, additional reporting is required on Schedule 
RC-O in data items applicable only to these institutions. In 
addition, some Schedule RC-O data items are used for determining the 
assessment rate of all FDIC-insured institutions.
    Supervisory uses of Schedule RC-O data include incorporating the 
data on the maturity structure of external borrowings in agency 
interest rate risk models to determine the impact of interest rate 
movements on income and economic value of equity. Interest rate risk 
indicators that exceed specified parameters or change significantly 
between examinations are triggers for timely off-site review. The 
indicated level of interest rate risk is considered during pre-
examination planning to determine the appropriate scoping and 
staffing for examinations. Data on reciprocal brokered deposits 
supplements on- and off-site analyses of liquidity ratios, including 
the net non-core funding dependence and net short-term non-core 
funding dependence, both of which include brokered deposits in their 
calculation, because reciprocal brokered deposits may have 
characteristics that differ from other brokered deposits.

Appendix B

Proposed FFIEC 051 for March 31, 2017: Changes Made to the FFIEC 041 
(Based on the FFIEC 041 for September 30, 2016)

Schedules Replaced by Schedule SU--Supplemental Information

Schedule RC-D--Trading Assets and Liabilities
Schedule RC-P--1-4 Family Residential Mortgage Banking Activities
Schedule RC-Q--Assets and Liabilities Measured at Fair Value on a 
Recurring Basis
Schedule RC-S--Servicing, Securitization, and Asset Sale Activities
Schedule RC-V--Variable Interest Entities

Schedules with a Change in Frequency of Collection

    1. Schedule RC-C, Part II--Loans to Small Businesses and Small 
Farms--For all institutions that file the FFIEC 051, the frequency 
of collection will move from quarterly to semiannual (June and 
December).
    2. Schedule RC-A--Cash and Balances Due from Depository 
Institutions--Institutions with less than $300 million in total 
assets are already exempt from completing this schedule. For all 
other FFIEC 051 filers, the frequency of collection will move from 
quarterly to semiannual (June and December).

Data Items Removed

    Note: In the following list of ``Data Items Removed'' from the 
proposed FFIEC 051, existing FFIEC 041 data items that institutions 
with less than $1 billion in total assets are currently exempt from 
reporting are marked with an asterisk (`` *''). In addition, the 
list excludes two Call Report data items that have been approved for 
removal by OMB effective March 31, 2017, in accordance with the 
agencies' July 13, 2016, Federal Register notice (81 FR 45357): 
Schedule RI, Memorandum items 14.a and 14.b.


----------------------------------------------------------------------------------------------------------------
            Schedule                           Item                       Item name                MDRM No.
----------------------------------------------------------------------------------------------------------------
RI.............................  1.a.(4)........................  Loans to foreign           RIAD4056.
                                                                   governments and official
                                                                   institutions.
RI.............................  1.e............................  Interest income from       RIAD4069.
                                                                   trading assets.
RI.............................  2.c............................  Interest on trading        RIAD4185.
                                                                   liabilities and other
                                                                   borrowed money.
RI.............................  2.d............................  Interest on subordinated   RIAD4200.
                                                                   notes and debentures.
                                                                  Note: Items 2.c and 2.d
                                                                   of Schedule RI will be
                                                                   combined into one data
                                                                   item for ``Other
                                                                   interest expense.''.
RI.............................  5.c............................  Trading revenue..........  RIADA220.
RI.............................  5.e............................  Venture capital revenue..  RIADB491.

[[Page 2457]]

 
RI.............................  M2 *...........................  Income from the sale and   RIAD8431.
                                                                   servicing of mutual
                                                                   funds and annuities
                                                                   (included in Schedule
                                                                   RI, item 8).
RI.............................  M8.a...........................  Interest rate exposures..  RIAD8757.
RI.............................  M8.b...........................  Foreign exchange           RIAD8758.
                                                                   exposures.
RI.............................  M8.c...........................  Equity security and index  RIAD8759.
                                                                   exposures.
RI.............................  M8.d...........................  Commodity and other        RIAD8760.
                                                                   exposures.
RI.............................  M8.e...........................  Credit exposures.........  RIADF186.
RI.............................  M8.f *.........................  Impact on trading revenue  RIADK090.
                                                                   of changes in the
                                                                   creditworthiness of the
                                                                   bank's derivatives
                                                                   counterparties on the
                                                                   bank's derivative assets
                                                                   (included in Memorandum
                                                                   items 8.a through 8.e).
RI.............................  M8.g *.........................  Impact on trading revenue  RIADK094.
                                                                   of changes in the
                                                                   creditworthiness of the
                                                                   bank on the bank's
                                                                   derivative liabilities
                                                                   (included in Memorandum
                                                                   items 8.a through 8.e)..
RI.............................  M9.a...........................  Net gains (losses) on      RIADC889.
                                                                   credit derivatives held
                                                                   for trading.
RI.............................  M9.b...........................  Net gains (losses) on      RIADC890.
                                                                   credit derivatives held
                                                                   for purposes other than
                                                                   trading.
RI.............................  M10............................  Credit losses on           RIADA251.
                                                                   derivatives.
RI.............................  M13.a.(1)......................  Estimated net gains        RIADF552.
                                                                   (losses) on loans
                                                                   attributable to changes
                                                                   in instrument-specific
                                                                   credit risk.
RI.............................  M13.b.(1)......................  Estimated net gains        RIADF554.
                                                                   (losses) on liabilities
                                                                   attributable to changes
                                                                   in instrument-specific
                                                                   credit risk.
RI.............................  M15.a *........................  Consumer overdraft-        RIADH032.
                                                                   related service charges
                                                                   levied on those
                                                                   transaction account and
                                                                   non-transaction savings
                                                                   account deposit products
                                                                   intended primarily for
                                                                   individuals for
                                                                   personal, household, or
                                                                   family use.
RI.............................  M15.b *........................  Consumer account periodic  RIADH033.
                                                                   maintenance charges
                                                                   levied on those
                                                                   transaction account and
                                                                   non-transaction savings
                                                                   account deposit products
                                                                   intended primarily for
                                                                   individuals for
                                                                   personal, household, or
                                                                   family use.
RI.............................  M15.c *........................  Consumer customer          RIADH034.
                                                                   automated teller machine
                                                                   (ATM) fees levied on
                                                                   those transaction
                                                                   account and non-
                                                                   transaction savings
                                                                   account deposit products
                                                                   intended primarily for
                                                                   individuals for
                                                                   personal, household, or
                                                                   family use.
RI.............................  M15.d *........................  All other service charges  RIADH035.
                                                                   on deposit accounts.
RI-B, Part I...................  2..............................  Loans to depository        RIAD4481, RIAD4482.
                                                                   institutions and
                                                                   acceptances of other
                                                                   banks (Columns A and B).
RI-B, Part I...................  6..............................  Loans to foreign           RIAD4643, RIAD4627.
                                                                   governments and official
                                                                   institutions (Columns A
                                                                   and B).
RI-B, Part I...................  M2.a...........................  Loans secured by real      RIAD4652, RIAD4662.
                                                                   estate to non-U.S.
                                                                   addressees (domicile)
                                                                   (included in Schedule RI-
                                                                   B, part I, item 1)
                                                                   (Columns A and B).
RI-B, Part I...................  M2.b...........................  Loans to and acceptances   RIAD4654, RIAD4664.
                                                                   of foreign banks
                                                                   (included in Schedule RI-
                                                                   B, part I, item 2)
                                                                   (Columns A and B).
RI-B, Part I...................  M2.c...........................  Commercial and industrial  RIAD4646, RIAD4618.
                                                                   loans to non-U.S.
                                                                   addressees (domicile)
                                                                   (included in Schedule RI-
                                                                   B, part I, item 4)
                                                                   (Columns A and B).
RI-B, Part I...................  M2.d...........................  Leases to individuals for  RIADF185, RIADF187.
                                                                   household, family, and
                                                                   other personal
                                                                   expenditures (included
                                                                   in Schedule RI-B, part
                                                                   I, item 8) (Columns A
                                                                   and B).
RI-B, Part II..................  M1.............................  Allocated transfer risk    RIADC435.
                                                                   reserve included in
                                                                   Schedule RI-B, part II,
                                                                   item 7.
RI-C...........................  1.a *..........................  Construction loans         RCONM708, RCONM709,
                                                                   (Columns A through F).     RCONM710,RCONM711,
                                                                                              RCONM712,RCONM713.
RI-C...........................  1.b *..........................  Commercial real estate     RCONM714, RCONM715,
                                                                   loans (Columns A through   RCONM716,
                                                                   F).                        RCONM717,
                                                                                              RCONM719,
                                                                                              RCONM720.
RI-C...........................  1.c *..........................  Residential real estate    RCONM721, RCONM722,
                                                                   loans (Columns A through   RCONM723,
                                                                   F).                        RCONM724,
                                                                                              RCONM725,
                                                                                              RCONM726.
RI-C...........................  2 *............................  Commercial loans (Columns  RCONM727, RCONM728,
                                                                   A through F).              RCONM729,
                                                                                              RCONM730,
                                                                                              RCONM731,
                                                                                              RCONM732.
RI-C...........................  3 *............................  Credit cards (Columns A    RCONM733, RCONM734,
                                                                   through F).                RCONM735,
                                                                                              RCONM736,
                                                                                              RCONM737,
                                                                                              RCONM738.
RI-C...........................  4 *............................  Other consumer loans       RCONM739, RCONM740,
                                                                   (Columns A through F).     RCONM741,
                                                                                              RCONM742,
                                                                                              RCONM743,
                                                                                              RCONM744.
RI-C...........................  5 *............................  Unallocated, if any......  RCONM745.
RI-C...........................  6 *............................  Total (for each column,    RCONM746, RCONM747,
                                                                   sum of items 1.a through   RCONM748,
                                                                   5) (Columns A through F).  RCONM749,
                                                                                              RCONM750,
                                                                                              RCONM751.

[[Page 2458]]

 
RC-B...........................  M5.a *.........................  Credit card receivables    RCONB838, RCONB839,
                                                                   (Columns A through D).     RCONB840,
                                                                                              RCONB841.
RC-B...........................  M5.b *.........................  Home equity lines          RCONB842, RCONB843,
                                                                   (Columns A through D).     RCONB844,
                                                                                              RCONB845.
RC-B...........................  M5.c *.........................  Automobile loans (Columns  RCONB846, RCONB847,
                                                                   A through D).              RCONB848,
                                                                                              RCONB849.
RC-B...........................  M5.d *.........................  Other consumer loans       RCONB850, RCONB851,
                                                                   (Columns A through D).     RCONB852,
                                                                                              RCONB853.
RC-B...........................  M5.e *.........................  Commercial and industrial  RCONB854, RCONB855,
                                                                   loans (Columns A through   RCONB856,
                                                                   D).                        RCONB857.
RC-B...........................  M5.f *.........................  Other (Columns A through   RCONB858, RCONB859,
                                                                   D).                        RCONB860,
                                                                                              RCONB861.
RC-C, Part I...................  2a.(1).........................  To U.S. branches and       RCONB532.
                                                                   agencies of foreign
                                                                   banks.
RC-C, Part I...................  2a.(2).........................  To other commercial banks  RCONB533.
                                                                   in the U.S..
RC-C, Part I...................  2.b............................  To other depository        RCONB534.
                                                                   institutions in the U.S..
RC-C, Part I...................  2.c.(1)........................  To foreign branches of     RCONB536.
                                                                   other U.S. banks.
RC-C, Part I...................  2.c.(2)........................  To other banks in foreign  RCONB537.
                                                                   countries.
RC-C, Part I...................  4.a............................  To U.S. addressees         RCON1763.
                                                                   (domicile).
RC-C, Part I...................  4.b............................  To non-U.S. addressees     RCON1764.
                                                                   (domicile).
RC-C, Part I...................  7..............................  Loans to foreign           RCON2081.
                                                                   governments and official
                                                                   institutions (including
                                                                   foreign central banks).
RC-C, Part I...................  9.b.(1)........................  Loans for purchasing or    RCON1545.
                                                                   carrying securities
                                                                   (secured and unsecured).
RC-C, Part I...................  9.b.(2)........................  All other loans (exclude   RCONJ451.
                                                                   consumer loans).
RC-C, Part I...................  10.a...........................  Leases to individuals for  RCONF162.
                                                                   household, family, and
                                                                   other personal
                                                                   expenditures (i.e.,
                                                                   consumer leases).
RC-C, Part I...................  10.b...........................  All other leases.........  RCONF163.
RC-C, Part I...................  M1.e.(1).......................  To U.S. addressees         RCONK163.
                                                                   (domicile).
RC-C, Part I...................  M1.e.(2).......................  To non-U.S. addressees     RCONK164.
                                                                   (domicile).
RC-C, Part I...................  M5.............................  Loans secured by real      RCONB837.
                                                                   estate to non U.S.
                                                                   addressees (domicile).
RC-C, Part I...................  M10.a.(1)......................  Construction, land         RCONF578.
                                                                   development, and other
                                                                   land loans.
RC-C, Part I...................  M10.a.(2)......................  Secured by farmland        RCONF579.
                                                                   (including farm
                                                                   residential and other
                                                                   improvements).
RC-C, Part I...................  M10.a.(3)(a)...................  Revolving, open-end loans  RCONF580.
                                                                   secured by 1-4 family
                                                                   residential properties
                                                                   and extended under lines
                                                                   of credit.
RC-C, Part I...................  M10.a.(3)(b)(1)................  Secured by first liens...  RCONF581.
RC-C, Part I...................  M10.a.(3)(b)(2)................  Secured by junior liens..  RCONF582.
RC-C, Part I...................  M10.a.(4)......................  Secured by multifamily (5  RCONF583.
                                                                   or more) residential
                                                                   properties.
RC-C, Part I...................  M10.a.(5)......................  Secured by nonfarm         RCONF584.
                                                                   nonresidential
                                                                   properties.
RC-C, Part I...................  M10.b..........................  Commercial and industrial  RCONF585.
                                                                   loans.
RC-C, Part I...................  M10.c.(1)......................  Credit cards.............  RCONF586.
RC-C, Part I...................  M10.c.(2)......................  Other revolving credit     RCONF587.
                                                                   plans.
RC-C, Part I...................  M10.c.(3)......................  Automobile loans.........  RCONK196.
RC-C, Part I...................  M10.c.(4)......................  Other consumer loans.....  RCONK208.
RC-C, Part I...................  M10.d..........................  Other loans..............  RCONF589.
RC-C, Part I...................  M11.a.(1)......................  Construction, land         RCONF590.
                                                                   development, and other
                                                                   land loans.
RC-C, Part I...................  M11.a.(2)......................  Secured by farmland        RCONF591.
                                                                   (including farm
                                                                   residential and other
                                                                   improvements).
RC-C, Part I...................  M11.a.(3)(a)...................  Revolving, open-end loans  RCONF592.
                                                                   secured by 1-4 family
                                                                   residential properties
                                                                   and extended under lines
                                                                   of credit.
RC-C, Part I...................  M11.a.(3)(b)(1)................  Secured by first liens...  RCONF593.
RC-C, Part I...................  M11.a.(3)(b)(2)................  Secured by junior liens..  RCONF594.
RC-C, Part I...................  M11.a.(4)......................  Secured by multifamily (5  RCONF595.
                                                                   or more) residential
                                                                   properties.
RC-C, Part I...................  M11.a.(5)......................  Secured by nonfarm         RCONF596.
                                                                   nonresidential
                                                                   properties.
RC-C, Part I...................  M11.b..........................  Commercial and industrial  RCONF597.
                                                                   loans.
RC-C, Part I...................  M11.c.(1)......................  Credit cards.............  RCONF598.
RC-C, Part I...................  M11.c.(2)......................  Other revolving credit     RCONF599.
                                                                   plans.
RC-C, Part I...................  M11.c.(3)......................  Automobile loans.........  RCONK195.
RC-C, Part I...................  M11.c.(4)......................  Other consumer loans.....  RCONK209.
RC-C, Part I...................  M11.d..........................  Other loans..............  RCONF601.
RC-C, Part I...................  M12.a..........................  Loans secured by real      RCONG091, RCONG092,
                                                                   estate (Columns A          RCONG093.
                                                                   through C).
RC-C, Part I...................  M12.b..........................  Commercial and industrial  RCONG094, RCONG095,
                                                                   loans (Columns A through   RCONG096.
                                                                   C).
RC-C, Part I...................  M12.c..........................  Loans to individuals for   RCONG097, RCONG098,
                                                                   household, family and      RCONG099.
                                                                   other personal
                                                                   expenditures (Columns A
                                                                   through C).
RC-C, Part I...................  M12.d..........................  All other loans and all    RCONG100, RCONG101,
                                                                   leases (Columns A          RCONG102.
                                                                   through C).
                                                                  Note: Memorandum items
                                                                   12.a through 12.d of
                                                                   Schedule RC-C, Part I,
                                                                   will be combined into
                                                                   data items for ``Total
                                                                   loans and leases''
                                                                   (Columns A through C)..
RC-E...........................  M6.a *.........................  Total deposits in those    RCONP753.
                                                                   noninterest-bearing
                                                                   transaction account
                                                                   deposit products
                                                                   intended primarily for
                                                                   individuals for
                                                                   personal, household, or
                                                                   family use.

[[Page 2459]]

 
RC-E...........................  M6.b *.........................  Total deposits in those    RCONP754.
                                                                   interest-bearing
                                                                   transaction account
                                                                   deposit products
                                                                   intended primarily for
                                                                   individuals for
                                                                   personal, household, or
                                                                   family use.
RC-E...........................  M6.c *.........................  Total deposits in all      RCONP755.
                                                                   other transaction
                                                                   accounts of individuals,
                                                                   partnerships, and
                                                                   corporations.
RC-E...........................  M7.a.(1) *.....................  Total deposits in those    RCONP756.
                                                                   MMDA deposit products
                                                                   intended primarily for
                                                                   individuals for
                                                                   personal, household, or
                                                                   family use.
RC-E...........................  M7.a.(2) *.....................  Deposits in all other      RCONP757.
                                                                   MMDAs of individuals,
                                                                   partnerships, and
                                                                   corporations.
RC-E...........................  M7.b.(1) *.....................  Total deposits in those    RCONP758.
                                                                   other savings deposit
                                                                   account deposit products
                                                                   intended primarily for
                                                                   individuals for
                                                                   personal, household, or
                                                                   family use.
RC-E...........................  M7.b.(2) *.....................  Deposits in all other      RCONP759.
                                                                   savings deposit accounts
                                                                   of individuals,
                                                                   partnerships, and
                                                                   corporations.
RC-L...........................  1.a.(1)........................  Unused commitments for     RCONJ477.
                                                                   Home Equity Conversion
                                                                   Mortgage (HECM) reverse
                                                                   mortgages outstanding
                                                                   that are held for
                                                                   investment (included in
                                                                   item 1.a above).
RC-L...........................  1.a.(2)........................  Unused commitments for     RCONJ478.
                                                                   proprietary reverse
                                                                   mortgages outstanding
                                                                   that are held for
                                                                   investment (included in
                                                                   item 1.a).
RC-L...........................  2.a *..........................  Amount of financial        RCON3820.
                                                                   standby letters of
                                                                   credit conveyed to
                                                                   others.
RC-L...........................  3.a *..........................  Amount of performance      RCON3822.
                                                                   standby letters of
                                                                   credit conveyed to
                                                                   others.
RC-L...........................  7.a.(1)........................  Credit default swaps       RCONC968, RCONC969.
                                                                   (Columns A and B).
RC-L...........................  7.a.(2)........................  Total return swaps         RCONC970, RCONC971.
                                                                   (Columns A and B).
RC-L...........................  7.a.(3)........................  Credit options (Columns A  RCONC972, RCONC973.
                                                                   and B).
RC-L...........................  7.a.(4)........................  Other credit derivatives   RCONC974, RCONC975.
                                                                   (Columns A and B).
RC-L...........................  7.b.(1)........................  Gross positive fair value  RCONC219, RCONC221.
                                                                   (Columns A and B).
RC-L...........................  7.b.(2)........................  Gross negative fair value  RCONC220, RCONC222.
                                                                   (Columns A and B).
RC-L...........................  7.c.(1)(a).....................  Sold protection..........  RCONG401.
RC-L...........................  7.c.(1)(b).....................  Purchased protection.....  RCONG402.
RC-L...........................  7.c.(2)(a).....................  Sold protection..........  RCONG403.
RC-L...........................  7.c.(2)(b).....................  Purchased protection that  RCONG404.
                                                                   is recognized as a
                                                                   guarantee for regulatory
                                                                   capital purposes.
RC-L...........................  7.c.(2)(c).....................  Purchased protection that  RCONG405.
                                                                   is not recognized as a
                                                                   guarantee for regulatory
                                                                   capital purposes.
RC-L...........................  7.d.(1)(a).....................  Investment grade (Columns  RCONG406, RCONG407,
                                                                   A through C).              RCONG408.
RC-L...........................  7.d.(1)(b).....................  Sub-investment grade       RCONG409, RCONG410,
                                                                   (Columns A through C).     RCONG411.
RC-L...........................  7.d.(2)(a).....................  Investment grade (Columns  RCONG412, RCONG413,
                                                                   A through C).              RCONG414.
RC-L...........................  7.d.(2)(b).....................  Sub-investment grade       RCONG415, RCONG416,
                                                                   (Columns A through C).     RCONG417.
RC-L...........................  8..............................  Spot foreign exchange      RCON8765.
                                                                   contracts.
RC-L...........................  9.b............................  Commitments to purchase    RCON3434.
                                                                   when-issued securities.
RC-L...........................  10.a...........................  Commitments to sell when-  RCON3435.
                                                                   issued securities.
RC-L...........................  12.a...........................  Futures contracts          RCON8693, RCON8694,
                                                                   (Columns A through D).     RCON8695,
                                                                                              RCON8696.
RC-L...........................  12.b...........................  Forward contracts          RCON8697, RCON8698,
                                                                   (Columns A through D).     RCON8699,
                                                                                              RCON8700.
RC-L...........................  12.c.(1).......................  Written options (Columns   RCON8701, RCON8702,
                                                                   A through D).              RCON8703,
                                                                                              RCON8704.
RC-L...........................  12.c.(2).......................  Purchased options          RCON8705, RCON8706,
                                                                   (Columns A through D).     RCON8707,
                                                                                              RCON8708.
RC-L...........................  12.d.(1).......................  Written options (Columns   RCON8709, RCON8710,
                                                                   A through D).              RCON8711,
                                                                                              RCON8712.
RC-L...........................  12.d.(2).......................  Purchased options          RCON8713, RCON8714,
                                                                   (Columns A through D).     RCON8715,
                                                                                              RCON8716.
RC-L...........................  12.e...........................  Swaps (Columns A through   RCON3450, RCON3826,
                                                                   D).                        RCON8719,
                                                                                              RCON8720.
RC-L...........................  13.............................  Total gross notional       RCONA127, RCON8723,
                                                                   amount of derivative       RCON8724.
                                                                   contracts held for
                                                                   trading (Columns B
                                                                   through D).
RC-L...........................  14.............................  Total gross notional       RCON8726, RCON8727,
                                                                   amount of derivative       RCON8728.
                                                                   contracts held for
                                                                   purposes other than
                                                                   trading (Columns B
                                                                   through D).
RC-L...........................  14.a...........................  Interest rate swaps where  RCONA589.
                                                                   the bank has agreed to
                                                                   pay a fixed rate.
RC-L...........................  15.a.(1).......................  Gross positive fair value  RCON8733, RCON8734,
                                                                   (Columns A through D).     RCON8735,
                                                                                              RCON8736.
RC-L...........................  15.a.(2).......................  Gross negative fair value  RCON8737, RCON8738,
                                                                   (Columns A through D).     RCON8739,
                                                                                              RCON8740.
RC-L...........................  15.b.(1).......................  Gross positive fair value  RCON8741, RCON8742,
                                                                   (Columns A through D).     RCON8743,
                                                                                              RCON8744.

[[Page 2460]]

 
RC-L...........................  15.b.(2).......................  Gross negative fair value  RCON8745, RCON8746,
                                                                   (Columns A through D).     RCON8747,
                                                                                              RCON8748.
RC-L...........................  16.a *.........................  Net current credit         RCONG418, RCONG419,
                                                                   exposure (Columns A        RCONG420,
                                                                   through E).                RCONG421,
                                                                                              RCONG422.
RC-L...........................  16.b.(1) *.....................  Cash--U.S. dollar          RCONG423, RCONG424,
                                                                   (Columns A through E).     RCONG425,
                                                                                              RCONG426,
                                                                                              RCONG427.
RC-L...........................  16.b.(2) *.....................  Cash--Other currencies     RCONG428, RCONG429,
                                                                   (Columns A through E).     RCONG430,
                                                                                              RCONG431,
                                                                                              RCONG432.
RC-L...........................  16.b.(3) *.....................  U.S. Treasury securities   RCONG433, RCONG434,
                                                                   (Columns A through E).     RCONG435,
                                                                                              RCONG436,
                                                                                              RCONG437.
RC-L...........................  16.b.(4) *.....................  U.S. Government agency     RCONG438, RCONG439,
                                                                   and U.S. Government-       RCONG440,
                                                                   sponsored agency debt      RCONG441,
                                                                   securities (Columns A      RCONG442.
                                                                   through E).
RC-L...........................  16.b.(5) *.....................  Corporate bonds (Columns   RCONG443, RCONG444,
                                                                   A through E).              RCONG445,
                                                                                              RCONG446,
                                                                                              RCONG447.
RC-L...........................  16.b.(6) *.....................  Equity securities          RCONG448, RCONG449,
                                                                   (Columns A through E).     RCONG450,
                                                                                              RCONG451,
                                                                                              RCONG452.
RC-L...........................  16.b.(7) *.....................  All other collateral       RCONG453, RCONG454,
                                                                   (Columns A through E).     RCONG455,
                                                                                              RCONG456,
                                                                                              RCONG457.
RC-L...........................  16.b.(8) *.....................  Total fair value of        RCONG458, RCONG459,
                                                                   collateral (sum of items   RCONG460,
                                                                   16.b.(1) through (7))      RCONG461,
                                                                   (Columns A through E).     RCONG462.
RC-M...........................  13.a.(1)(a)(1).................  1-4 family residential     RCONK169.
                                                                   construction loans.
RC-M...........................  13.a.(1)(a)(2).................  Other construction loans   RCONK170.
                                                                   and all land development
                                                                   and other land loans.
RC-M...........................  13.a.(1)(b)....................  Secured by farmland......  RCONK171.
RC-M...........................  13.a.(1)(c)(1).................  Revolving, open-end loans  RCONK172.
                                                                   secured by 1-4 family
                                                                   residential properties
                                                                   and extended under lines
                                                                   of credit.
RC-M...........................  13.a.(1)(c)(2)(a)..............  Secured by first liens...  RCONK173.
RC-M...........................  13.a.(1)(c)(2)(b)..............  Secured by junior liens..  RCONK174.
RC-M...........................  13.a.(1)(d)....................  Secured by multifamily (5  RCONK175.
                                                                   or more) residential
                                                                   properties.
RC-M...........................  13.a.(1)(e)(1).................  Loans secured by owner-    RCONK176.
                                                                   occupied nonfarm
                                                                   nonresidential
                                                                   properties.
RC-M...........................  13.a.(1)(e)(2).................  Loans secured by other     RCONK177.
                                                                   nonfarm nonresidential
                                                                   properties.
RC-M...........................  13.a.(3).......................  Commercial and industrial  RCONK179.
                                                                   loans.
RC-M...........................  13.a.(4)(a)....................  Credit cards.............  RCONK180.
RC-M...........................  13.a.(4)(b)....................  Automobile loans.........  RCONK181.
RC-M...........................  13.a.(4)(c)....................  Other (includes revolving  RCONK182.
                                                                   credit plans other than
                                                                   credit cards and other
                                                                   consumer loans).
RC-M...........................  13.a.(5).......................  All other loans and all    RCONK183.
                                                                   leases.
RC-M...........................  13.b.(1).......................  Construction, land         RCONK187.
                                                                   development, and other
                                                                   land.
RC-M...........................  13.b.(2).......................  Farmland.................  RCONK188.
RC-M...........................  13.b.(3).......................  1-4 family residential     RCONK189.
                                                                   properties.
RC-M...........................  13.b.(4).......................  Multifamily (5 or more)    RCONK190.
                                                                   residential properties.
RC-M...........................  13.b.(5).......................  Nonfarm nonresidential     RCONK191.
                                                                   properties.
RC-M...........................  13.c...........................  Debt securities (included  RCONJ461.
                                                                   in Schedule RC, items
                                                                   2.a and 2.b).
RC-M...........................  13.d...........................  Other assets (exclude      RCONJ462.
                                                                   FDIC loss-sharing
                                                                   indemnification assets).
RC-N...........................  6..............................  Loans to foreign           RCON5389, RCON5390,
                                                                   governments and official   RCON5391.
                                                                   institutions (Columns A
                                                                   through C).
RC-N...........................  11.a.(1)(a)....................  1-4 family residential     RCONK045, RCONK046,
                                                                   construction loans         RCONK047.
                                                                   (Columns A through C).
RC-N...........................  11.a.(1)(b)....................  Other construction loans   RCONK048, RCONK049,
                                                                   and all land development   RCONK050.
                                                                   and other land loans
                                                                   (Columns A through C).
RC-N...........................  11.a.(2).......................  Secured by farmland        RCONK051, RCONK052,
                                                                   (Columns A through C).     RCONK053.
RC-N...........................  11.a.(3)(a)....................  Revolving, open-end loans  RCONK054, RCONK055,
                                                                   secured by 1-4 family      RCONK056.
                                                                   residential properties
                                                                   and extended under lines
                                                                   of credit (Columns A
                                                                   through C).
RC-N...........................  11.a.(3)(b)(1).................  Secured by first liens     RCONK057, RCONK058,
                                                                   (Columns A through C).     RCONK059.
RC-N...........................  11.a.(3)(b)(2).................  Secured by junior liens    RCONK060, RCONK061,
                                                                   (Columns A through C).     RCONK062.
RC-N...........................  11.a.(4).......................  Secured by multifamily (5  RCONK063, RCONK064,
                                                                   or more) residential       RCONK065.
                                                                   properties (Columns A
                                                                   through C).
RC-N...........................  11.a.(5)(a)....................  Loans secured by owner-    RCONK066, RCONK067,
                                                                   occupied nonfarm           RCONK068.
                                                                   nonresidential
                                                                   properties (Columns A
                                                                   through C).

[[Page 2461]]

 
RC-N...........................  11.a.(5)(b)....................  Loans secured by other     RCONK069, RCONK070,
                                                                   nonfarm nonresidential     RCONK071.
                                                                   properties (Columns A
                                                                   through C).
RC-N...........................  11.c...........................  Commercial and industrial  RCONK075, RCONK076,
                                                                   loans (Columns A through   RCONK077.
                                                                   C).
RC-N...........................  11.d.(1).......................  Credit cards (Columns A    RCONK078, RCONK079,
                                                                   through C).                RCONK080.
RC-N...........................  11.d.(2).......................  Automobile loans (Columns  RCONK081, RCONK082,
                                                                   A through C).              RCONK083.
RC-N...........................  11.d.(3).......................  Other (includes revolving  RCONK084, RCONK085,
                                                                   credit plans other than    RCONK086.
                                                                   credit cards and other
                                                                   consumer loans) (Columns
                                                                   A through C).
RC-N...........................  11.e...........................  All other loans and all    RCONK087, RCONK088,
                                                                   leases (Columns A          RCONK089.
                                                                   through C).
RC-N...........................  M1.e.(1).......................  To U.S. addressees         RCONK120, RCONK121,
                                                                   (domicile) (Columns A      RCONK122.
                                                                   through C).
RC-N...........................  M1.e.(2).......................  To non-U.S. addressees     RCONK123, RCONK124,
                                                                   (domicile) (Columns A      RCONK125.
                                                                   through C).
RC-N...........................  M3.a...........................  Loans secured by real      RCON1248, RCON1249,
                                                                   estate to non-U.S.         RCON1250.
                                                                   addressees (domicile)
                                                                   (included in Schedule RC-
                                                                   N, item 1) (Columns A
                                                                   through C).
RC-N...........................  M3.b...........................  Loans to and acceptances   RCON5380, RCON5381,
                                                                   of foreign banks           RCON5382.
                                                                   (included in Schedule RC-
                                                                   N, item 2) (Columns A
                                                                   through C).
RC-N...........................  M3.c...........................  Commercial and industrial  RCON1254, RCON1255,
                                                                   loans to non-U.S.          RCON1256.
                                                                   addressees (domicile)
                                                                   (included in Schedule RC-
                                                                   N, item 4) (Columns A
                                                                   through C).
RC-N...........................  M3.d...........................  Leases to individuals for  RCONF166, RCONF167,
                                                                   household, family, and     RCONF168.
                                                                   other personal
                                                                   expenditures (included
                                                                   in Schedule RC-N, item
                                                                   8) (Columns A through C).
RC-N...........................  M5.b.(1).......................  Loans measured at fair     RCONF664, RCONF665,
                                                                   value: Fair value          RCONF666.
                                                                   (Columns A through C).
RC-N...........................  M5.b.(2).......................  Loans measured at fair     RCONF667, RCONF668,
                                                                   value: Unpaid principal    RCONF669.
                                                                   balance (Columns A
                                                                   through C).
RC-N...........................  M6.............................  Derivative contracts:      RCON3529, RCON3530.
                                                                   Fair value of amounts
                                                                   carried as assets
                                                                   (Columns A and B).
RC-O...........................  M2 *...........................  Estimated amount of        RCON5597.
                                                                   uninsured deposits,
                                                                   including related
                                                                   interest accrued and
                                                                   unpaid.
RC-O...........................  M6.a *.........................  Special mention..........  RCONK663.
RC-O...........................  M6.b *.........................  Substandard..............  RCONK664.
RC-O...........................  M6.c *.........................  Doubtful.................  RCONK665.
RC-O...........................  M6.d *.........................  Loss.....................  RCONK666.
RC-O...........................  M7.a *.........................  Nontraditional 1-4 family  RCONN025.
                                                                   residential mortgage
                                                                   loans.
RC-O...........................  M7.b *.........................  Securitizations of         RCONN026.
                                                                   nontraditional 1-4
                                                                   family residential
                                                                   mortgage loans.
RC-O...........................  M8.a *.........................  Higher-risk consumer       RCONN027.
                                                                   loans.
RC-O...........................  M8.b *.........................  Securitizations of higher- RCONN028.
                                                                   risk consumer loans.
RC-O...........................  M9.a *.........................  Higher-risk commercial     RCONN029.
                                                                   and industrial loans and
                                                                   securities.
RC-O...........................  M9.b *.........................  Securitizations of higher- RCONN030.
                                                                   risk commercial and
                                                                   industrial loans and
                                                                   securities.
RC-O...........................  M10.a *........................  Total unfunded             RCONK676.
                                                                   commitments.
RC-O...........................  M10.b *........................  Portion of unfunded        RCONK677.
                                                                   commitments guaranteed
                                                                   or insured by the U.S.
                                                                   government (including
                                                                   the FDIC).
RC-O...........................  M11 *..........................  Amount of other real       RCONK669.
                                                                   estate owned recoverable
                                                                   from the U.S. government
                                                                   under guarantee or
                                                                   insurance provisions
                                                                   (excluding FDIC loss-
                                                                   sharing agreements).
RC-O...........................  M12 *..........................  Nonbrokered time deposits  RCONK678.
                                                                   of more than $250,000
                                                                   (included in Schedule RC-
                                                                   E, Memorandum item 2.d).
RC-O...........................  M13.a *........................  Construction, land         RCONN177.
                                                                   development, and other
                                                                   land loans secured by
                                                                   real estate.
RC-O...........................  M13.b *........................  Loans secured by           RCONN178.
                                                                   multifamily residential
                                                                   and nonfarm
                                                                   nonresidential
                                                                   properties.
RC-O...........................  M13.c *........................  Closed-end loans secured   RCONN179.
                                                                   by first liens on 1-4
                                                                   family residential
                                                                   properties.
RC-O...........................  M13.d *........................  Closed-end loans secured   RCONN180.
                                                                   by junior liens on 1-4
                                                                   family residential
                                                                   properties and
                                                                   revolving, open-end
                                                                   loans secured by 1-4
                                                                   family residential
                                                                   properties and extended
                                                                   under lines of credit.
RC-O...........................  M13.e *........................  Commercial and industrial  RCONN181.
                                                                   loans.
RC-O...........................  M13.f *........................  Credit card loans to       RCONN182.
                                                                   individuals for
                                                                   household, family, and
                                                                   other personal
                                                                   expenditures.
RC-O...........................  M13.g *........................  All other loans to         RCONN183.
                                                                   individuals for
                                                                   household, family, and
                                                                   other personal
                                                                   expenditures.
RC-O...........................  M13.h *........................  Non-agency residential     RCONM963.
                                                                   mortgage-backed
                                                                   securities.
RC-O...........................  M14 *..........................  Amount of the              RCONK673.
                                                                   institution's largest
                                                                   counterparty exposure.
RC-O...........................  M15 *..........................  Total amount of the        RCONK674.
                                                                   institution's 20 largest
                                                                   counterparty exposures.

[[Page 2462]]

 
RC-O...........................  M16 *..........................  Portion of loans           RCONL189.
                                                                   restructured in troubled
                                                                   debt restructurings that
                                                                   are in compliance with
                                                                   their modified terms and
                                                                   are guaranteed or
                                                                   insured by the U.S.
                                                                   government (including
                                                                   the FDIC) (included in
                                                                   Schedule RC-C, part I,
                                                                   Memorandum item 1).
RC-O...........................  M17.a *........................  Total deposit liabilities  RCONL194.
                                                                   before exclusions
                                                                   (gross) as defined in
                                                                   Section 3(l) of the
                                                                   Federal Deposit
                                                                   Insurance Act and FDIC
                                                                   regulations.
RC-O...........................  M17.b *........................  Total allowable            RCONL195.
                                                                   exclusions, including
                                                                   interest accrued and
                                                                   unpaid on allowable
                                                                   exclusions.
RC-O...........................  M17.c *........................  Unsecured ``Other          RCONL196.
                                                                   borrowings'' with a
                                                                   remaining maturity of
                                                                   one year or less.
RC-O...........................  M17.d *........................  Estimated amount of        RCONL197.
                                                                   uninsured deposits,
                                                                   including related
                                                                   interest accrued and
                                                                   unpaid.
RC-O...........................  M18.a *........................  ``Nontraditional 1-4       RCONM964, RCONM965,
                                                                   family residential         RCONM966,
                                                                   mortgage loans'' as        RCONM967,
                                                                   defined for assessment     RCONM968,
                                                                   purposes only in FDIC      RCONM969,
                                                                   regulations (Columns A     RCONM970,
                                                                   through O).                RCONM971,
                                                                                              RCONM972,
                                                                                              RCONM973,
                                                                                              RCONM974,
                                                                                              RCONM975,
                                                                                              RCONM976,
                                                                                              RCONM977,
                                                                                              RCONM978.
RC-O...........................  M18.b *........................  Closed-end loans secured   RCONM979, RCONM980,
                                                                   by first liens on 1-4      RCONM981,
                                                                   family residential         RCONM982,
                                                                   properties (Columns A      RCONM983,
                                                                   through O).                RCONM984,
                                                                                              RCONM985,
                                                                                              RCONM986,
                                                                                              RCONM987,
                                                                                              RCONM988,
                                                                                              RCONM989,
                                                                                              RCONM990,
                                                                                              RCONM991,
                                                                                              RCONM992,
                                                                                              RCONM993.
RC-O...........................  M18.c *........................  Closed-end loans secured   RCONM994, RCONM995,
                                                                   by junior liens on 1-4     RCONM996,
                                                                   family residential         RCONM997,
                                                                   properties (Columns A      RCONM998,
                                                                   through O).                RCONM999,
                                                                                              RCONN001,
                                                                                              RCONN002,
                                                                                              RCONN003,
                                                                                              RCONN004,
                                                                                              RCONN005,
                                                                                              RCONN006,
                                                                                              RCONN007,
                                                                                              RCONN008,
                                                                                              RCONN009.
RC-O...........................  M18.d *........................  Revolving, open-end loans  RCONN010, RCONN011,
                                                                   secured by 1-4 family      RCONN012,
                                                                   residential properties     RCONN013,
                                                                   and extended under lines   RCONN014,
                                                                   of credit (Columns A       RCONN015,
                                                                   through O).                RCONN016,
                                                                                              RCONN017,
                                                                                              RCONN018,
                                                                                              RCONN019,
                                                                                              RCONN020,
                                                                                              RCONN021,
                                                                                              RCONN022,
                                                                                              RCONN023,
                                                                                              RCONN024.
RC-O...........................  M18.e *........................  Credit cards (Columns A    RCONN040, RCONN041,
                                                                   through O).                RCONN042,
                                                                                              RCONN043,
                                                                                              RCONN044,
                                                                                              RCONN045,
                                                                                              RCONN046,
                                                                                              RCONN047,
                                                                                              RCONN048,
                                                                                              RCONN049,
                                                                                              RCONN050,
                                                                                              RCONN051,
                                                                                              RCONN052,
                                                                                              RCONN053,
                                                                                              RCONN054.
RC-O...........................  M18.f *........................  Automobile loans (Columns  RCONN055, RCONN056,
                                                                   A through O).              RCONN057,
                                                                                              RCONN058,
                                                                                              RCONN059,
                                                                                              RCONN060,
                                                                                              RCONN061,
                                                                                              RCONN062,
                                                                                              RCONN063,
                                                                                              RCONN064,
                                                                                              RCONN065,
                                                                                              RCONN066,
                                                                                              RCONN067,
                                                                                              RCONN068,
                                                                                              RCONN069.
RC-O...........................  M18.g *........................  Student loans (Columns A   RCONN070, RCONN071,
                                                                   through O).                RCONN072,
                                                                                              RCONN073,
                                                                                              RCONN074,
                                                                                              RCONN075,
                                                                                              RCONN076,
                                                                                              RCONN077,
                                                                                              RCONN078,
                                                                                              RCONN079,
                                                                                              RCONN080,
                                                                                              RCONN081,
                                                                                              RCONN082,
                                                                                              RCONN083,
                                                                                              RCONN084.

[[Page 2463]]

 
RC-O...........................  M18.h *........................  Other consumer loans and   RCONN085, RCONN086,
                                                                   revolving credit plans     RCONN087,
                                                                   other than credit cards    RCONN088,
                                                                   (Columns A through O).     RCONN089,
                                                                                              RCONN090,
                                                                                              RCONN091,
                                                                                              RCONN092,
                                                                                              RCONN093,
                                                                                              RCONN094,
                                                                                              RCONN095,
                                                                                              RCONN096,
                                                                                              RCONN097,
                                                                                              RCONN098,
                                                                                              RCONN099.
RC-O...........................  M18.i *........................  Consumer leases (Columns   RCONN100, RCONN101,
                                                                   A through O).              RCONN102,
                                                                                              RCONN103,
                                                                                              RCONN104,
                                                                                              RCONN105,
                                                                                              RCONN106,
                                                                                              RCONN107,
                                                                                              RCONN108,
                                                                                              RCONN109,
                                                                                              RCONN110,
                                                                                              RCONN111,
                                                                                              RCONN112,
                                                                                              RCONN113,
                                                                                              RCONN114.
RC-O...........................  M18.j *........................  Total (Columns A through   RCONN115, RCONN116,
                                                                   N).                        RCONN117,
                                                                                              RCONN118,
                                                                                              RCONN119,
                                                                                              RCONN120,
                                                                                              RCONN121,
                                                                                              RCONN122,
                                                                                              RCONN123,
                                                                                              RCONN124,
                                                                                              RCONN125,
                                                                                              RCONN126,
                                                                                              RCONN127,
                                                                                              RCONN128.
----------------------------------------------------------------------------------------------------------------

Data Items With a Change in Frequency of Collection

                                              Semiannual Reporting
                                               [June and December]
----------------------------------------------------------------------------------------------------------------
            Schedule                     Item                Item name                      MDRM No.
----------------------------------------------------------------------------------------------------------------
RC-B............................  M6.a through M6.g.  Structured financial     RCONG348, RCONG349, RCONG350,
                                                       products by underlying   RCONG351, RCONG352, RCONG353,
                                                       collateral or            RCONG354, RCONG355, RCONG356,
                                                       reference assets         RCONG357, RCONG358, RCONG359,
                                                       (Columns A through D).   RCONG360, RCONG361, RCONG362,
                                                                                RCONG363, RCONG364, RCONG365,
                                                                                RCONG366, RCONG367, RCONG368,
                                                                                RCONG369, RCONG370, RCONG371,
                                                                                RCONG372, RCONG373, RCONG374,
                                                                                RCONG375
RC-C, Part I....................  M4................  Adjustable-rate closed-  RCON5370
                                                       end loans secured by
                                                       first liens on 1-4
                                                       family residential
                                                       properties (included
                                                       in Schedule RC-C, Part
                                                       I, item 1.c.(2)(a),
                                                       column B).
RC-F............................  6.a through 6.i...  All other assets:        RCON2166, RCON1578, RCONC010,
                                                       Itemized items greater   RCONC436, RCONJ448, RCON3549,
                                                       than $100,000 that       RCON3550, RCON3551
                                                       exceed 25 percent of
                                                       this item.
RC-G............................  4.a through 4.g...  All other liabilities:   RCON3066, RCONC011, RCON2932,
                                                       Itemized items greater   RCONC012, RCON3552, RCON3553,
                                                       than $100,000 that       RCON3554
                                                       exceed 25 percent of
                                                       this item.
RC-L............................  9.c through 9.f...  All other off-balance    RCONC978, RCON3555, RCON3556,
                                                       sheet liabilities        RCON3557
                                                       (exclude derivatives):
                                                       Itemized items over 25
                                                       percent of Schedule
                                                       RC, item 27.a. ``Total
                                                       bank equity capital''.
RC-L............................  10.b through 10.e.  All other off-balance    RCONC5592, RCON5593, RCON5594,
                                                       sheet assets (exclude    RCON5595
                                                       derivatives): Itemized
                                                       items over 25 percent
                                                       of Schedule RC, item
                                                       27.a. ``Total bank
                                                       equity capital''.
RC-N............................  M5.a..............  Loans and leases held    RCONC240, RCONC241, RCONC226
                                                       for sale (Columns A
                                                       through C).
----------------------------------------------------------------------------------------------------------------


[[Page 2464]]


                                                Annual Reporting
                                                   [December]
----------------------------------------------------------------------------------------------------------------
            Schedule                      Item                      Item name                     MDRM No.
----------------------------------------------------------------------------------------------------------------
RI.............................  M12                    Noncash income from negative       RIADF228
                                                         amortization on closed-end loans
                                                         secured by 1-4 family
                                                         residential properties (included
                                                         in Schedule RI, item 1.a.(1)(a)).
RC-C, Part I...................  M8.b                   Total maximum remaining amount of  RCONF231
                                                         negative amortization
                                                         contractually permitted on
                                                         closed-end loans secured by 1-4
                                                         family residential properties.
RC-C, Part I...................  M8.c                   Total amount of negative           RCONF232
                                                         amortization on closed-end loans
                                                         secured by 1-4 family
                                                         residential properties included
                                                         in the amount reported in
                                                         Memorandum item 8.a.
RC-M...........................  6                      Does the reporting bank sell       RCONB569
                                                         private label or third-party
                                                         mutual funds and annuities?
RC-M...........................  7                      Assets under the reporting bank's  RCONB570
                                                         management in proprietary mutual
                                                         funds and annuities.
RC-M...........................  9                      Do any of the bank's Internet      RCON4088
                                                         websites have transactional
                                                         capability, i.e., allow the
                                                         bank's customers to execute
                                                         transactions on their accounts
                                                         through the website?
RC-M...........................  11                     Does the bank act as trustee or    RCONG463
                                                         custodian for Individual
                                                         Retirement Accounts, Health
                                                         Savings Accounts, and other
                                                         similar accounts?
RC-M...........................  12                     Does the bank provide custody,     RCONG464
                                                         safekeeping, or other services
                                                         involving the acceptance of
                                                         order for the sale or purchase
                                                         of securities?
RC-M...........................  14.a                   Total assets of captive insurance  RCONK193
                                                         subsidiaries.
RC-M...........................  14.b                   Total assets of captive            RCONK194
                                                         reinsurance subsidiaries.
----------------------------------------------------------------------------------------------------------------


                            Data Items Moved to Schedule SU--Supplemental Information
----------------------------------------------------------------------------------------------------------------
            Schedule                      Item                      Item name                     MDRM No.
----------------------------------------------------------------------------------------------------------------
RI.............................  M13.a                  Net gains (losses) on assets.....  RIADF551
RI.............................  M13.b                  Net gains (losses) on liabilities  RIADF553
RI-B, Part I...................  M4                     Uncollectible retail credit card   RIADC388
                                                         fees and finance charges
                                                         reversed against income (i.e.,
                                                         not included in charge-offs
                                                         against the allowance for loan
                                                         and lease losses).
RI-B, Part II..................  M2                     Separate valuation allowance for   RIADC389
                                                         uncollectible retail credit card
                                                         fees and finance charges.
RI-B, Part II..................  M3                     Amount of allowance for loan and   RIADC390
                                                         lease losses attributable to
                                                         retail credit card fees and
                                                         finance charges.
RC-C, Part I...................  M6                     Outstanding credit card fees and   RCONC391
                                                         finance charges included in
                                                         Schedule RC-C, part I, item 6.a.
RC-L...........................  13                     Total gross notional amount of     RCONA126
                                                         derivative contracts held for
                                                         trading (Column A).
RC-L...........................  14                     Total gross notional amount of     RCON8725
                                                         derivative contracts held for
                                                         purposes other than trading
                                                         (Columns A).
RC-M...........................  13.b.(7)               Portion of covered other real      RCONK192
                                                         estate owned included in items
                                                         13.b.(1) through (5) that is
                                                         protected by FDIC loss-sharing
                                                         agreements.
RC-N...........................  11.f                   Portion of covered loans and       RCONK102, RCONK103,
                                                         leases included in items 11.a      RCONK104
                                                         through 11.e that is protected
                                                         by FDIC loss-sharing agreements
                                                         (Columns A through C).
RC-S...........................  M4                     Outstanding fees and credit card   RCONC407
                                                         charges included in Schedule RC-
                                                         S, item 1, column C.
----------------------------------------------------------------------------------------------------------------

Appendix C

FFIEC 031 for March 31, 2017: Data Items Removed or Change in Reporting 
Threshold

                                               Data Items Removed
----------------------------------------------------------------------------------------------------------------
            Schedule                      Item                      Item name                     MDRM No.
----------------------------------------------------------------------------------------------------------------
RI-B, Part I...................  2.a                    Loans to and acceptances of U.S.   RIAD4653, RIAD4663
                                                         banks and other U.S. depository
                                                         institutions (Column A and
                                                         Column B).
RI-B, Part I...................  2.b                    Loans to and acceptances of        RIAD4654, RIAD4664
                                                         foreign banks (Column A and
                                                         Column B).
RC-C, Part II..................  1                      Yes/No indicator whether all or    RCON6999
                                                         substantially all of the dollar
                                                         volume of `loans secured by
                                                         nonfarm nonresidential
                                                         properties' and `commercial and
                                                         industrial loans to U.S.
                                                         addressees' have original
                                                         amounts of $100,000 or less.
RC-C, Part II..................  2.a                    Total number of loans secured by   RCON5562
                                                         nonfarm nonresidential
                                                         properties currently outstanding.
RC-C, Part II..................  2.b                    Total number of commercial and     RCON5563
                                                         industrial loans to U.S.
                                                         addressees currently outstanding.

[[Page 2465]]

 
RC-C, Part II..................  5                      Yes/No indicator whether all or    RCON6860
                                                         substantially all of the dollar
                                                         volume of `Loans secured by
                                                         farmland' and `Loans to finance
                                                         agricultural production and
                                                         other loans to farmers' have
                                                         original amounts of $100,000 or
                                                         less.
RC-C, Part II..................  6.a                    Total number of loans secured by   RCON5576
                                                         farmland currently outstanding.
RC-C, Part II..................  6.b                    Total number of loans to finance   RCON5577
                                                         agricultural production and
                                                         other loans to farmers currently
                                                         outstanding.
RC-E, Part I...................  M6.c                   Total deposits in all other        RCONP755
                                                         transaction accounts of
                                                         individuals, partnerships, and
                                                         corporations.
RC-M...........................  13.a.(2)               Loans to finance agricultural      RCFDK178
                                                         production and other loans to
                                                         farmers covered by loss-sharing
                                                         agreements with the FDIC.
RC-M...........................  13.a.(3)               Commercial and industrial loans    RCFDK179
                                                         covered by loss-sharing
                                                         agreements with the FDIC.
RC-M...........................  13.a.(4)(a)            Credit card loans covered by loss- RCFDK180
                                                         sharing agreements with the FDIC.
RC-M...........................  13.a.(4)(b)            Automobile loans covered by loss-  RCFDK181
                                                         sharing agreements with the FDIC.
RC-M...........................  13.a.(4)(c)            All other consumer loans covered   RCFDK182
                                                         by loss-sharing agreements with
                                                         the FDIC.
RC-N...........................  11.b                   Loans to finance agricultural      RCFDK072, RCFDK073,
                                                         production and other loans to      RCFDK074
                                                         farmers covered by loss-sharing
                                                         agreements with the FDIC (Column
                                                         A through Column C).
RC-N...........................  11.c                   Commercial and industrial loans    RCFDK075, RCFDK076,
                                                         covered by loss-sharing            RCFDK077
                                                         agreements with the FDIC (Column
                                                         A through Column C).
RC-N...........................  11.d.(1)               Credit card loans covered by loss- RCFDK078, RCFDK079,
                                                         sharing agreements with the FDIC   RCFDK080
                                                         (Column A through Column C).
RC-N...........................  11.d.(2)               Automobile loans covered by loss-  RCFDK081, RCFDK082,
                                                         sharing agreements with the FDIC   RCFDK083
                                                         (Column A through Column C).
RC-N...........................  11.d.(3)               All other consumer loans covered   RCFDK084, RCFDK085,
                                                         by loss-sharing agreements with    RCFDK086
                                                         the FDIC (Column A through
                                                         Column C).
----------------------------------------------------------------------------------------------------------------


                                          Change in Reporting Threshold
                       [To be completed by banks with $10 billion or more in total assets]
----------------------------------------------------------------------------------------------------------------
            Schedule                      Item                      Item name                     MDRM No.
----------------------------------------------------------------------------------------------------------------
RI.............................  M9.a                   Net gains (losses) on credit       RIADC889
                                                         derivatives held for trading.
RI.............................  M9.b                   Net gains (losses) on credit       RIADC890
                                                         derivatives held for purposes
                                                         other than trading.
RC-E, Part II..................  1                      Deposits of Individuals,           RCFNB553
                                                         partnerships, and corporations
                                                         (include all certified and
                                                         official checks).
RC-E, Part II..................  2                      Deposits of U.S. banks and other   RCFNB554
                                                         U.S. depository institutions in
                                                         foreign offices.
RC-E, Part II..................  3                      Deposits of foreign banks in       RCFN2625
                                                         foreign offices.
RC-E, Part II..................  4                      Deposits of foreign governments    RCFN2650
                                                         and official institutions in
                                                         foreign offices.
RC-E, Part II..................  5                      Deposits of U.S. Government and    RCFNB555
                                                         states and political
                                                         subdivisions in the U.S. in
                                                         foreign offices.
RC-E, Part II..................  6                      Total deposits in foreign offices  RCFN2200
----------------------------------------------------------------------------------------------------------------
Note: The preceding list of ``Data Items Removed'' from the FFIEC 031 excludes two Call Report data items that
  have been approved for removal by OMB effective March 31, 2017, in accordance with the agencies' July 13,
  2016, Federal Register notice (81 FR 45357): Schedule RI, Memorandum items 14.a and 14.b.


                                          Change in Reporting Threshold
                  [To be completed by banks with $10 million or more in average trading assets]
----------------------------------------------------------------------------------------------------------------
            Schedule                      Item                      Item name                     MDRM No.
----------------------------------------------------------------------------------------------------------------
RI.............................  M8.a                   Trading revenue from interest      RIAD8757
                                                         rate exposures.
RI.............................  M8.b                   Trading revenue from foreign       RIAD8758
                                                         exchange exposures.
RI.............................  M8.c                   Trading revenue from equity        RIAD8759
                                                         security and index exposures.
RI.............................  M8.d                   Trading revenue from commodity     RIAD8760
                                                         and other exposures.
RI.............................  M8.e                   Trading revenue from credit        RIADF186
                                                         exposures.
----------------------------------------------------------------------------------------------------------------

Appendix D

FFIEC 041 for March 31, 2017: Data Items Removed or Change in Reporting 
Threshold

[[Page 2466]]



                                               Data Items Removed
----------------------------------------------------------------------------------------------------------------
            Schedule                      Item                      Item name                     MDRM No.
----------------------------------------------------------------------------------------------------------------
RI.............................  1.a.(4)                Interest on loans to foreign       RIAD4056
                                                         governments and official
                                                         institutions.
RI.............................  1.e                    Interest income from trading       RIAD4069
                                                         assets.
RI-B, Part I...................  2                      Loans to depository institutions   RIAD4481, RIAD4482
                                                         and acceptances of other banks
                                                         (Column A through Column B).
RI-B, Part I...................  6                      Loans to foreign governments and   RIAD4643, RIAD4627
                                                         official institutions (Column A
                                                         through Column B).
RC-C, Part I...................  2.a.(1)                Loans to U.S. branches and         RCONB532
                                                         agencies of foreign banks.
RC-C, Part I...................  2.a.(2)                Loans to other commercial banks    RCONB533
                                                         in the U.S..
                                                        Note: Items 2.a.(1) and 2.a.(2)
                                                         of Schedule RC-C, Part I, will
                                                         be combined into one data item
                                                         for total loans to commercial
                                                         banks in the U.S.
RC-C, Part I...................  2.c.(1)                Loans to foreign branches of       RCONB536
                                                         other U.S. banks.
RC-C, Part I...................  2.c.(2)                Loans to other banks in foreign    RCONB537
                                                         countries.
                                                        Note: Items 2.c.(1) and 2.c.(2)
                                                         of Schedule RC-C, Part I, will
                                                         be combined into one data item
                                                         for total loans to banks in
                                                         foreign countries.
RC-C, Part I...................  7                      Loans to foreign governments and   RCON2081
                                                         official institutions (including
                                                         foreign central banks).
RC-E...........................  M6.c                   Total deposits in all other        RCONP755
                                                         transaction accounts of
                                                         individuals, partnerships, and
                                                         corporations.
RC-M...........................  13.a.(3)               Commercial and industrial loans    RCONK179
                                                         covered by loss-sharing
                                                         agreements with the FDIC.
RC-M...........................  13.a.(4)(a)            Credit card loans covered by loss- RCONK180
                                                         sharing agreements with the FDIC.
RC-M...........................  13.a.(4)(b)            Automobile loans covered by loss-  RCONK181
                                                         sharing agreements with the FDIC.
RC-M...........................  13.a.(4)(c)            All other consumer loans covered   RCONK182
                                                         by loss-sharing agreements with
                                                         the FDIC.
RC-N...........................  6                      Loans to foreign governments and   RCON5389, RCON5390,
                                                         official institutions (Column A    RCON5391
                                                         through Column C).
RC-N...........................  11.c                   Commercial and industrial loans    RCONK075, RCONK076,
                                                         covered by loss-sharing            RCONK077
                                                         agreements with the FDIC (Column
                                                         A through Column C).
RC-N...........................  11.d.(1)               Credit card loans covered by loss- RCONK078, RCONK079,
                                                         sharing agreements with the FDIC   RCONK080
                                                         (Column A through Column C).
RC-N...........................  11.d.(2)               Automobile loans covered by loss-  RCONK081, RCONK082,
                                                         sharing agreements with the FDIC   RCONK083
                                                         (Column A through Column C).
RC-N...........................  11.d.(3)               All other consumer loans covered   RCONK084, RCONK085,
                                                         by loss-sharing agreements with    RCONK086
                                                         the FDIC (Column A through
                                                         Column C).
RC-N...........................  M6                     Derivative contracts: Fair value   RCON3529, RCON3530
                                                         of amounts carried as assets
                                                         (Column A through Column B).
----------------------------------------------------------------------------------------------------------------
Note: The preceding list of ``Data Items Removed'' from the FFIEC 041 excludes two Call Report data items that
  have been approved for removal by OMB effective March 31, 2017, in accordance with the agencies' July 13,
  2016, Federal Register notice (81 FR 45357): Schedule RI, Memorandum items 14.a and 14.b.


                                          Change in Reporting Threshold
                       [To be completed by banks with $10 billion or more in total assets]
----------------------------------------------------------------------------------------------------------------
            Schedule                      Item                      Item name                   MDRM  number
----------------------------------------------------------------------------------------------------------------
RI.............................  M9.a                   Net gains (losses) on credit       RIADC889
                                                         derivatives held for trading.
RI.............................  M9.b                   Net gains (losses) on credit       RIADC890
                                                         derivatives held for purposes
                                                         other than trading.
----------------------------------------------------------------------------------------------------------------


                                          Change in Reporting Threshold
                  [To be completed by banks with $10 million or more in average trading assets]
----------------------------------------------------------------------------------------------------------------
            Schedule                      Item                      Item name                   MDRM  number
----------------------------------------------------------------------------------------------------------------
RI.............................  M8.a                   Trading revenue from interest      RIAD8757
                                                         rate exposures.
RI.............................  M8.b                   Trading revenue from foreign       RIAD8758
                                                         exchange exposures.
RI.............................  M8.c                   Trading revenue from equity        RIAD8759
                                                         security and index exposures.
RI.............................  M8.d                   Trading revenue from commodity     RIAD8760
                                                         and other exposures.
RI.............................  M8.e                   Trading revenue from credit        RIADF186
                                                         exposures.
----------------------------------------------------------------------------------------------------------------



[[Page 2467]]

    Dated: December 30, 2016.
Karen Solomon,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
    Board of Governors of the Federal Reserve System, January 3, 
2017.
Robert deV. Frierson,
Secretary of the Board.
    Dated at Washington, DC, this 3rd day of January, 2017. Federal 
Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2017-00085 Filed 1-6-17; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P