82 FR 51908 - Proposed Agency Information Collection Activities; Comment Request
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE CORPORATION Federal Register Volume 82, Issue 215 (November 8, 2017)
Office of the Comptroller of the Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE CORPORATION
Federal Register Volume 82, Issue 215 (November 8, 2017)
| Page Range | 51908-51936 | |
| FR Document | 2017-24310 |
[Federal Register Volume 82, Number 215 (Wednesday, November 8, 2017)] [Notices] [Pages 51908-51936] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-24310] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency FEDERAL RESERVE SYSTEM FEDERAL DEPOSIT INSURANCE CORPORATION Proposed Agency Information Collection Activities; 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. ----------------------------------------------------------------------- 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. The Federal Financial Institutions Examination Council (FFIEC), of which the agencies are members, has approved the agencies' publication for public comment of a proposal to revise the Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only and Total Assets Less Than $1 Billion (FFIEC 051), the Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only (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 proposed revisions to the FFIEC 051, FFIEC 041, and FFIEC 031 Call Reports would result in an overall reduction in burden. In particular, the proposed revisions would delete or consolidate a number of items and add a new or raise certain existing reporting thresholds. The proposed revisions would take effect as of the June 30, 2018, report date. At the end of the comment period for this notice, the comments and recommendations received will be reviewed to determine whether the FFIEC and the agencies should modify the proposed revisions to the FFIEC 051, FFIEC 041, and FFIEC 031 prior to giving final approval. As required by the PRA, the agencies will then publish a second Federal Register notice for a 30-day comment period and submit the final FFIEC 051, FFIEC 041, and FFIEC 031 to OMB for review and approval. DATES: Comments must be submitted on or before January 8, 2018. 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: You may submit comments, which should refer to ``FFIEC 031, FFIEC 041, and FFIEC 051,'' by any of the following methods:Federal eRulemaking Portal: http://www.regulations.gov. Follow the instructions for submitting comments. Email: [email protected]. Fax: (571) 465-4326. Mail: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW., Suite 3E-218, Washington, DC 20219. 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. 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. 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: Ann E. Misback, 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 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 form in Room 3515, 1801 K Street NW. (between 18th and 19th Streets NW.), Washington, DC 20006 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) [[Page 51909]] 395-6974; or by email to [email protected]. FOR FURTHER INFORMATION CONTACT: For further information about the proposed revisions to the Call Report discussed in this notice, please contact any of the agency staff whose names appear below. In addition, copies of the Call Report forms 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. 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., Washington, DC 20429. SUPPLEMENTARY INFORMATION: The agencies propose revisions to data items reported on the FFIEC 051, FFIEC 041, and FFIEC 031 Call Reports. Report Title: Consolidated Reports of Condition and Income (Call Report). Form Numbers: FFIEC 051 (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. OCC OMB Control No.: 1557-0081. Estimated Number of Respondents: 1,307 national banks and federal savings associations. Estimated Average Burden per Response: 46.05 burden hours per quarter to file. Estimated Total Annual Burden: 240,749 burden hours to file. Board OMB Control No.: 7100-0036. Estimated Number of Respondents: 822 state member banks. Estimated Average Burden per Response: 50.16 burden hours per quarter to file. Estimated Total Annual Burden: 164,926 burden hours to file. FDIC OMB Control No.: 3064-0052. Estimated Number of Respondents: 3,710 insured state nonmember banks and state savings associations. Estimated Average Burden per Response: 44.14 burden hours per quarter to file. Estimated Total Annual Burden: 655,038 burden hours to file. The proposed burden-reducing revisions are the result of an ongoing effort by the agencies to reduce the burden associated with the preparation and filing of Call Reports and, as detailed in Appendices B, C, and D, achieve burden reductions by the removal or consolidation of numerous items, and the raising of certain reporting thresholds. The estimated average burden hours, which reflect an overall reduction, collectively reflect the estimates for the FFIEC 051, the FFIEC 041, and the FFIEC 031 reports for each agency. When the estimates are calculated by type of report across the agencies, the estimated average burden hours per quarter are 38.15 (FFIEC 051), 54.89 (FFIEC 041), and 122.50 (FFIEC 031). 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). Type of Review: Revision of currently approved collections. General Description of Reports These information collections are mandatory pursuant to 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. Abstract 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 the protection of consumer financial rights, as well as agency- specific missions affecting federally 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. Current Actions I. Introduction As part of an initiative launched by the FFIEC in December 2014 to identify potential opportunities to reduce burden associated with Call Report requirements for community banks, the FFIEC and the agencies have taken several actions, including: (1) The finalization in mid-2016 of a number of burden-reducing changes and other revisions to the Call Report that were implemented in September 2016 and March 2017; (2) outreach to institutions to obtain a better understanding of significant sources of reporting burden in their Call Report preparation processes; (3) the creation of a new streamlined FFIEC 051 Call Report for eligible small institutions \1\ that took effect as of the March 31, 2017, report date; and (4) the publication for comment in June 2017 of additional proposed burden-reducing Call Report changes, as well as proposed Call Report revisions that address the definition of ``past due'' for regulatory reporting purposes and changes in the accounting for equity investments, all of which have a proposed March 31, 2018, effective date.\2\ --------------------------------------------------------------------------- \1\ Generally, institutions with domestic offices only and total assets less than $1 billion. \2\ See 80 FR 56539 (September 18, 2015), 81 FR 45357 (July 13, 2016), 81 FR 54190 (August 15, 2016) (referred to hereafter as the ``August 2016 Call Report proposal''), 82 FR 2444 (January 9, 2017), and 82 FR 29147 (June 27, 2017) (referred to hereafter as the ``June 2017 Call Report proposal'') for further information on the actions taken under this initiative. --------------------------------------------------------------------------- As another key part of the FFIEC's Call Report burden-reduction initiative for community banks, in 2015 the agencies accelerated the start of the next statutorily mandated review of the existing Call Report data items (Full [[Page 51910]] Review),\3\ which otherwise would not have commenced until 2017. After completing this review, the agencies are required to ``reduce or eliminate any requirement to file information or schedules . . . (other than information or schedules that are otherwise required by law)'' if the agencies determine that ``the continued collection of such information or schedules is no longer necessary or appropriate.'' \4\ To provide a foundation for the Full Review, users of Call Report data items, who are internal staff at the FFIEC member entities, participated in a series of nine surveys conducted over a 19-month period that began in mid-July 2015 and ended in mid-February 2017. As an integral part of these surveys, users were asked to fully explain the need for each Call Report data item they deem essential, how the data item is used, the frequency with which it is needed, and the population of institutions from which it is needed. Call Report schedules were placed into nine groups and prioritized for review, generally based on the level of burden cited by banking industry representatives. Based on the results of the user surveys and consistent with the statutory requirements governing the Full Review, the agencies have been identifying data items to be considered for removal, less frequent collection, and new or revised reporting thresholds to reduce burden. --------------------------------------------------------------------------- \3\ This review is mandated by section 604 of the Financial Services Regulatory Relief Act of 2006 (12 U.S.C. 1817(a)(11)). \4\ 12 U.S.C. 1817(a)(11)(B). --------------------------------------------------------------------------- Based on the results of the third and final portion of the user surveys and other information, the agencies are proposing various burden-reducing changes in this proposal. The schedules reviewed in the final portion of the user surveys primarily include schedules that collect data on complex or specialized activities. A summary of the FFIEC member entities' uses of the data items retained in the Call Report schedules covered by this portion of the user surveys is included in Appendix A.\5\ Several of these schedules were not included in the new FFIEC 051 when it was created. Therefore, revisions proposed in this notice more significantly affect schedules and data items in the FFIEC 041 and FFIEC 031. --------------------------------------------------------------------------- \5\ A summary of the FFIEC member entities' uses of the data items retained in the Call Report schedules covered by the first and second portions of the agencies' user surveys are included in Appendix A of the agencies' Federal Register notices published on January 9, 2017 (82 FR 2444) and June 27, 2017 (82 FR 29147), respectively. --------------------------------------------------------------------------- In addition, as a framework for the actions it is undertaking, the FFIEC developed a set of guiding principles for use in evaluating potential additions and deletions of Call Report data items and other revisions to the Call Report. In general, data items collected in the Call Report must meet three guiding principles: (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 federally 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. II. General Discussion of Proposed Call Report Revisions As discussed above, the Call Report schedules have been reviewed as part of the Full Review, conducted through a series of nine user surveys. The results of the final portion of the surveys were evaluated in the development of this proposal. In addition, the results of certain surveys were re-evaluated and further burden-reducing changes were incorporated into this proposal. In developing this proposal, the agencies were cognizant of the comments and feedback received from the industry, over the course of this FFIEC initiative, requesting that the agencies provide relief from the burden of preparing Call Reports. The proposed revisions to the FFIEC 051, FFIEC 041, and FFIEC 031 are discussed in Sections III.A, III.B, and III.C, respectively. The schedules reviewed in the portion of the user surveys evaluated in the development of this proposal include: Schedule RI-A--Changes in Bank Equity Capital Schedule RI-C--Disaggregated Data on the Allowance for Loan and Lease Losses [FFIEC 031 and FFIEC 041 only] Schedule RC-A--Cash and Balances Due from Depository Institutions Schedule RC-F--Other Assets Schedule RC-G--Other Liabilities Schedule RC-H--Selected Balance Sheet Items for Domestic Offices [FFIEC 031 only] Schedule RC-I--Assets and Liabilities of IBFs [FFIEC 031 only] Schedule RC-P--1-4 Family Residential Mortgage Banking Activities (in Domestic Offices) [FFIEC 031 and FFIEC 041 only] Schedule RC-Q--Assets and Liabilities Measured at Fair Value on a Recurring Basis [FFIEC 031 and FFIEC 041 only] Schedule RC-S--Servicing, Securitization, and Asset Sale Activities [FFIEC 031 and FFIEC 041 only] Schedule RC-T--Fiduciary and Related Services Schedule RC-V--Variable Interest Entities [FFIEC 031 and FFIEC 041 only] The schedules re-evaluated in the development of this proposal include: Schedule RC-B--Securities Schedule RC-N--Past Due and Nonaccrual Loans, Leases, and Other Assets Schedule SU--Supplemental Information [FFIEC 051 only] Table 1 summarizes the changes already finalized and implemented as part of the FFIEC's community bank Call Report burden-reduction initiative. Table 1--Data Items Revised as of March 31, 2017 ---------------------------------------------------------------------------------------------------------------- Finalized call report revisions 051 041 031 ---------------------------------------------------------------------------------------------------------------- Items Removed, Net *............................................ 967 60 68 Change in Item Frequency to Semiannual.......................... 96 .............. .............. Change in Item Frequency to Annual.............................. 10 .............. .............. Items with a New or Increased Reporting Threshold............... .............. 7 13 ---------------------------------------------------------------------------------------------------------------- * ``Items Removed, Net'' reflects the effects of consolidating existing items, adding control totals, and, for the FFIEC 051, relocating individual items from other schedules to Schedule SU, some of which were consolidated in Schedule SU. In addition, included in this number for the FFIEC 051, approximately 300 items were items that institutions with less than $1 billion in total assets were exempt from reporting due to existing reporting thresholds in the FFIEC 041. [[Page 51911]] Table 2 summarizes the proposed burden-reducing revisions to data items included in the June 2017 Call Report proposal that would take effect March 31, 2018. Table 2--Proposed Data Revisions in June 2017 ---------------------------------------------------------------------------------------------------------------- Proposed call report revisions 051 041 031 ---------------------------------------------------------------------------------------------------------------- Items Proposed to be Removed, Net *............................. 54 106 86 Proposed Change in Item Frequency to Semiannual................. 17 31 31 Proposed Change in Item Frequency to Annual..................... 26 3 3 Items with a Proposed New or Increased Reporting Threshold...... 26 106 178 ---------------------------------------------------------------------------------------------------------------- * ``Items Proposed to be Removed, Net'' reflects the effects of consolidating existing items and relocating individual items to other schedules. Table 3 summarizes the additional proposed burden-reducing revisions to data items included in this notice. The proposed revisions are discussed in Section III. Detail for each affected data item is shown in Appendix B (FFIEC 051), Appendix C (FFIEC 041), and Appendix D (FFIEC 031). Table 3--Proposed Data Revisions in This Notice ---------------------------------------------------------------------------------------------------------------- Proposed call report revisions 051 041 031 ---------------------------------------------------------------------------------------------------------------- Items Proposed to be Removed, Net *............................. 15 184 134 Items with a Proposed New or Increased Reporting Threshold...... 29 181 213 ---------------------------------------------------------------------------------------------------------------- * ``Items Proposed to be Removed, Net'' reflects the effects of consolidating existing items and relocating individual items to other schedules. The Call Report revisions that are the subject of this proposal would take effect June 30, 2018. Additional information on timing of the proposed revisions is provided in Section IV. III. Detail of Specific Proposed Call Report Revisions A. Revisions to the FFIEC 051 Schedule RC-A The agencies propose to remove Schedule RC-A, Cash and Balances Due from Depository Institutions, in its entirety from the FFIEC 051. This schedule is currently completed by institutions with $300 million or more in total assets. The agencies no longer need the current level of detail provided by the existing items in Schedule RC-A from the smaller institutions eligible to file this version of the Call Report who are required to complete this schedule, as sufficient information on cash and due from balances is provided for these institutions in Schedule RC, items 1.a and 1.b. Schedule RC-B With respect to Schedule RC-B of the FFIEC 051, the agencies propose to consolidate the reporting of an institution's holdings of those residential mortgage pass-through securities that are currently reported in items 4.a.(1) for those guaranteed by the Government National Mortgage Association (GNMA) and 4.a.(2) for those issued by the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FHLMC) into a single item 4.a.(1). Existing item 4.a.(3) for other residential mortgage pass-through securities would be renumbered as item 4.a.(2). The agencies no longer need the current level of detail for these holdings from the smaller institutions eligible to file this version of the Call Report. Schedule RC-F With respect to Schedule RC-F of the FFIEC 051, the agencies propose to consolidate the reporting of an institution's interest-only strips receivable, which are currently reported in items 3.a for those on mortgage loans and 3.b for those on other financial assets, into a single item 3. The agencies no longer need the current level of detail for these holdings in the Call Report. In addition, the agencies propose to remove the preprinted caption for retained interests in accrued interest receivable related to securitized credit cards (item 6.d) as few institutions report having this component of other assets in an amount in excess of the existing reporting threshold for disclosing this component.\6\ Items 6.e through 6.k would be renumbered as items 6.d through 6.j. --------------------------------------------------------------------------- \6\ If this preprinted caption were removed and an institution has retained interests in accrued interest receivable related to securitized credit cards in an amount in excess of the reporting threshold, the institution would itemize and describe this component in one of the subitems of item 6 without a preprinted caption. --------------------------------------------------------------------------- Schedule RC-T With respect to Schedule RC-T of the FFIEC 051, the agencies propose to increase the reporting threshold for reporting the components of fiduciary and related services income. For institutions with total fiduciary assets greater than $100 million but less than or equal to $250 million that do not meet the fiduciary income test for quarterly reporting,\7\ the agencies propose to no longer require the reporting of items 14 through 26. There would be no change to the reporting requirements applicable to items 14 through 26 for all other institutions. The agencies no longer need the current level of detail on fiduciary and related services income from institutions with less than $250 million in total fiduciary assets that do not meet the fiduciary income test. --------------------------------------------------------------------------- \7\ An institution does not meet the fiduciary income test if its gross fiduciary and related services income was less than or equal to 10 percent of revenue (net interest income plus noninterest income) for the preceding calendar year. --------------------------------------------------------------------------- In addition, the agencies propose to add a reporting threshold for reporting the number and market value of collective investment funds and common trust funds by type of fund in Memorandum items 3.a through 3.g. For institutions at which these funds have a total market value of less than $1 billion (as of the preceding December 31), the agencies propose to no longer require the reporting of Memorandum items 3.a through 3.g. Such institutions would report only the total number and market value of their collective investment funds and common trust funds in Memorandum item 3.h. Institutions at which the total market value of their [[Page 51912]] collective investment funds and common trust funds is $1 billion or more would continue to report Memorandum items 3.a through 3.h. The agencies no longer need the current level of detail on collective investment funds and common trust funds in the Call Report from institutions at which the total market value of these funds is less than $1 billion. Schedule SU With respect to Schedule SU of the FFIEC 051, the agencies propose to remove item 8.e on the amount of outstanding credit card fees and finance charges included in credit card receivables sold and securitized with servicing retained or with recourse or other seller- provided credit enhancements, which is currently applicable to eligible small institutions that specialize in credit card lending. The agencies no longer need this information from these smaller credit card lending institutions. B. Revisions to the FFIEC 041 Schedule RC-A With respect to Schedule RC-A of the FFIEC 041, the agencies propose to consolidate the reporting of an institution's balances due from depository institutions in the United States, which are currently reported in items 2.a for balances due from U.S. branches and agencies of foreign banks and 2.b for balances due from other commercial banks and other depository institutions in the United States, into a single item 2. In addition, the agencies propose to consolidate the reporting of an institution's balances due from banks in foreign countries and foreign central banks, which are currently reported in items 3.a for balances due from foreign branches of other U.S. banks and 3.b for balances due from banks in foreign countries and foreign central banks, into a single item 3. The agencies no longer need the current level of detail for these balances in the Call Report. Schedule RC-F With respect to Schedule RC-F of the FFIEC 041, the agencies propose to consolidate the reporting of an institution's interest-only strips receivable, which are currently reported in items 3.a for those on mortgage loans and 3.b for those on other financial assets, into a single item 3. The agencies no longer need the current level of detail for these holdings in the Call Report. In addition, the agencies propose to remove the preprinted caption for retained interests in accrued interest receivable related to securitized credit cards (item 6.d) as few institutions report having this component of other assets in an amount in excess of the existing reporting threshold for disclosing this component.\8\ Items 6.e through 6.k would be renumbered as items 6.d through 6.j. --------------------------------------------------------------------------- \8\ If this preprinted caption were removed and an institution has retained interests in accrued interest receivable related to securitized credit cards in an amount in excess of the reporting threshold, the institution would itemize and describe this component in one of the subitems of item 6 without a preprinted caption. --------------------------------------------------------------------------- Schedule RC-N With respect to Schedule RC-N of the FFIEC 041, the agencies propose to remove the data items for reporting the past due and nonaccrual status of the fair value and unpaid principal balance of held-for-investment loans measured at fair value, which are currently reported in Memorandum items 5.b.(1) and 5.b.(2), columns A through C. The agencies no longer need this current level of detail in the Call Report. The agencies would renumber Memorandum item 5.a, ``Loans and leases held for sale,'' as Memorandum item 5 for columns A through C. Schedule RC-P With respect to Schedule RC-P of the FFIEC 041, the agencies propose to modify the reporting criteria for this schedule by removing the current $1 billion asset-size threshold and applying only the existing activity-based threshold to all institutions, regardless of size. As proposed, Schedule RC-P would be completed by institutions where any of the following residential mortgage banking activities exceeds $10 million for two consecutive quarters: Closed-end and open-end first lien and junior lien 1-4 family residential mortgage loan originations and purchases for resale from all sources during a calendar quarter; or Closed-end and open-end first lien and junior lien 1-4 family residential mortgage loan sales during a calendar quarter; or Closed-end and open-end first lien and junior lien 1-4 family residential mortgage loans held for sale or trading at calendar quarter-end. The agencies believe an activity-based threshold alone is more appropriate than an asset-size threshold for determining which institutions should file this schedule. The agencies also propose to consolidate the 1-4 family residential mortgage banking activity detail collected in this schedule for closed- end loans and commitments under open-end loans for retail originations (item 1), wholesale originations and purchases (item 2), mortgage loans sold (item 3), mortgage loans held for sale or trading (item 4), and repurchases and indemnifications of mortgage loans (item 6). Specifically, items 1.a, 1.b, and 1.c.(1) would be combined into new item 1; items 2.a, 2.b, and 2.c.(1) would be combined into new item 2; items 3.a, 3.b, and 3.c.(1) would be combined into new item 3; items 4.a, 4.b, and 4.c.(1) would be combined into new item 4; and items 6.a, 6.b, and 6.c.(1) would be combined into new item 6. The agencies also propose to consolidate noninterest income from the sale, securitization, and servicing of closed-end and open-end 1-4 family residential mortgage loans currently reported in items 5.a and 5.b into a new item 5. In addition, the agencies propose to remove detail on the principal amount funded for open-end loans extended under lines of credit for each of the above listed categories currently reported in items 1.c.(2), 2.c.(2), 3.c.(2), 4.c.(2), and 6.c.(2). The agencies are proposing these changes because they no longer need the current level of detail on 1-4 family residential mortgage banking activities in the Call Report. Schedule RC-Q With respect to Schedule RC-Q of the FFIEC 041, the agencies propose to modify the reporting criteria for this schedule by applying only an activity threshold and not an asset-size threshold, which currently is $500 million. As proposed, Schedule RC-Q would be completed only by institutions that (1) have elected to report financial instruments or servicing assets and liabilities at fair value under a fair value option with changes in fair value recognized in earnings, or (2) are required to complete Schedule RC-D, Trading Assets and Liabilities. Institutions that do not meet either of these criteria would no longer need to complete this schedule, regardless of asset size. The agencies believe the activity thresholds are more appropriate than the existing simple asset-size threshold for determining which institutions must complete this schedule. For loans held for investment and held for sale measured at fair value under a fair value option, the agencies also propose to consolidate the detail on the fair value and the unpaid principal balance of such loans currently collected in Memorandum items 3 and 4 of this schedule. For fair value option loans secured by 1-4 family residential properties, detail on revolving, open-end loans secured by 1-4 family [[Page 51913]] residential properties and extended under lines of credit; closed-end loans secured by first liens on 1-4 family residential properties; and closed-end loans secured by junior liens on 1-4 family residential properties would be consolidated into a single category. For fair value option loans secured by real estate other than 1-4 family residential properties, detail on construction, land development, and other land loans; loans secured by farmland; loans secured by multifamily (5 or more) residential properties; and loans secured by nonfarm nonresidential properties also would be consolidated into a single category. For fair value option consumer loans, detail on credit cards, other revolving credit plans, automobile loans, and other consumer loans would be consolidated into a single category. Specifically, existing Memorandum items 3.a.(3)(a), 3.a.(3)(b)(1), and 3.a.(3)(b)(2) would be consolidated into new Memorandum item 3.a.(1) for the fair value of loans secured by 1-4 family residential properties measured at fair value, while existing Memorandum items 3.a.(1), 3.a.(2), 3.a.(4), and 3.a.(5) would be consolidated into new Memorandum item 3.a.(2) for the fair value of all other loans secured by real estate measured at fair value. Existing Memorandum items 3.c.(1) through 3.c.(4) would be consolidated into new Memorandum item 3.c for the fair value of all consumer loans measured at fair value. Similarly, existing Memorandum items 4.a.(3)(a), 4.a.(3)(b)(1), and 4.a.(3)(b)(2) would be consolidated into new Memorandum item 4.a.(1) for the unpaid principal balance of loans secured by 1-4 family residential properties measured at fair value, while existing Memorandum items 4.a.(1), 4.a.(2), 4.a.(4), and 4.a.(5) would be consolidated into new Memorandum item 4.a.(2) for the unpaid principal balance of all other loans secured by real estate measured at fair value. Existing Memorandum items 4.c.(1) through 4.c.(4) would be consolidated into new Memorandum item 4.c for the unpaid principal balance of all consumer loans measured at fair value.\9\ --------------------------------------------------------------------------- \9\ In the June 2017 Call Report proposal, the agencies proposed comparable consolidation of the detail on loans held for trading, which are measured at fair value, and the unpaid principal balance of such loans in Schedule RC-D. --------------------------------------------------------------------------- In addition, the agencies propose to remove the separate reporting of fair value detail on federal funds sold and securities purchased under agreements to resell in item 2, which would instead be included as part of all other assets in item 6. The agencies also propose to remove the separate reporting of fair value detail for federal funds purchased and securities sold under agreements to repurchase in item 9, other borrowed money in item 11, and subordinated notes and debentures in item 12, with these categories of liabilities instead being reported within all other liabilities in item 13. The agencies are proposing these changes because they no longer need the current level of detail on loans measured at fair value under a fair value option and on certain other fair values in the Call Report from institutions that file the FFIEC 041. Schedule RC-S With respect to Schedule RC-S of the FFIEC 041, the agencies propose the following revisions to Schedule RC-S as they no longer need the current level of detail on securitization and asset sale activities in the Call Report from institutions that file the FFIEC 041: (a) Consolidate columns B through F of items 1 through 5 and items 9 through 12, which collect information on certain securitization and asset sale activities, into existing column G. The activities covered in columns B through F pertain to home equity lines, credit card receivables, auto loans, other consumer loans, and commercial and industrial loans, respectively. The amounts previously reported in columns B through F would be included in column G, ``All other loans, all leases, and all other assets.'' (b) Consolidate the maximum amount of credit exposures arising from recourse or other seller-provided credit enhancements in the form of retained interest-only strips, subordinated securities and other residual interests, and standby letters of credit and other enhancements, which are reported in items 2.a, 2.b, and 2.c, respectively, into a single new item 2. (c) Remove item 3 for unused commitments to provide liquidity to structures reported in item 1 involving assets sold and securitized by the reporting bank with servicing retained or with recourse or other seller-provided credit enhancements. (d) Consolidate ownership (or seller's) interests carried as securities and loans, which are reported in items 6.a and 6.b, respectively, into a single new item 6, and consolidate columns B, C, and F, which pertain to home equity lines, credit card receivables, and commercial and industrial loans, respectively, into column G. The amounts previously reported in columns B, C, and F would be included in the new item 6 in column G, ``All other loans, all leases, and all other assets.'' The agencies also propose to create a reporting threshold of $10 billion or more in total assets for reporting this new combined item 6. (e) Remove items 7.a and 7.b, which contain loan amounts included in ownership (or seller's) interests carried as securities that are 30-89 days past due and 90 days or more past due, respectively. (f) Remove items 8.a and 8.b, which contain charge-offs and recoveries, respectively, on loan amounts included in the ownership (or seller's) interests carried as securities that are currently reported in item 6.a. (g) Create a reporting threshold of $10 billion or more in total assets for reporting item 10 on unused commitments to provide liquidity to other institutions' securitization structures. (h) Remove Memorandum items 1.a. and 1.b, which contain the outstanding principal balance and the amount of retained recourse, respectively, on small business obligations transferred with recourse under Section 208 of the Riegle Community Development and Regulatory Improvement Act of 1994. The amounts previously reported in Memorandum items 1.a and 1.b would be included in items 1 and 2 or items 11 and 12 of column G depending on whether the obligations that had been sold were securitized or not securitized, respectively. (i) Create a reporting threshold of $10 billion or more in total assets for reporting detail on asset-backed commercial paper (ABCP) conduits in Memorandum items 3.a.(1) through 3.b.(2), and the amount of outstanding credit card fees and finance charges included in credit card receivables sold and securitized with servicing retained or with recourse or other seller-provided credit enhancements in Memorandum item 4. To complete Memorandum item 4, an institution with $10 billion or more in total assets would also need to meet one of the existing criteria for reporting this information, i.e., the institution, together with affiliated institutions, has outstanding credit card receivables that exceed $500 million as of the report date, or the institution is a credit card specialty bank as defined for Uniform Bank Performance Report (UBPR) purposes. Schedule RC-T With respect to Schedule RC-T of the FFIEC 041, the agencies propose to increase the reporting threshold for reporting the components of fiduciary and related services income. For institutions with total fiduciary assets greater than $100 million but less than or equal to $250 million that do not meet the fiduciary income test for quarterly reporting,\10\ the agencies propose to no longer require the reporting of items 14 through 26. There would be no change to the reporting requirements applicable to items 14 through 26 for all other institutions. The agencies no longer need the current level of detail on fiduciary and related services income from institutions with less than $250 million in total fiduciary assets that do not meet the fiduciary income test. --------------------------------------------------------------------------- \10\ An institution does not meet the fiduciary income test if its gross fiduciary and related services income was less than or equal to 10 percent of revenue (net interest income plus noninterest income) for the preceding calendar year. --------------------------------------------------------------------------- In addition, the agencies propose to add a reporting threshold for reporting the number and market value of [[Page 51914]] collective investment funds and common trust funds by type of fund in Memorandum items 3.a through 3.g. For institutions at which these funds have a total market value of less than $1 billion (as of the preceding December 31), the agencies propose to no longer require the reporting of Memorandum items 3.a through 3.g. Such institutions would report only the total number and market value of their collective investment funds and common trust funds in Memorandum item 3.h. Institutions at which the total market value of their collective investment funds and common trust funds is $1 billion or more would continue to report Memorandum items 3.a through 3.h. The agencies no longer need the current level of detail on collective investment funds and common trust funds in the Call Report from institutions at which the total market value of these funds is less than $1 billion. Schedule RC-V With respect to Schedule RC-V of the FFIEC 041, the agencies propose to consolidate information collected on consolidated variable interest entities (VIEs) used as ABCP conduits (column B) and other VIEs (column C) for all items into a single column B covering all VIEs other than those used as securitization vehicles (which will continue to be reported in column A). In lieu of the detailed breakdown of assets and liabilities of ABCP conduit VIEs currently reported in column B, the agencies propose to collect data only on the total assets and total liabilities of such VIEs in new items 5 and 6, respectively. For these ABCP conduit VIEs, the total assets item would include the assets that can be used only to settle these VIEs' obligations, which are currently reported in items 1.a through 1.k, column B, and all other assets of these VIEs, which are currently reported in item 3, column B; the total liabilities items would include these VIEs' liabilities for which creditors do not have recourse to the general credit of the reporting bank, which are currently reported in items 2.a through 2.e, column B, and all other liabilities of these VIEs, which are currently reported in item 4, column B. In the two columns of Schedule RC-V that would remain, the agencies also propose to consolidate the VIE information on held-to-maturity and available-for-sale securities in items 1.b and 1.c, respectively, into a single new item 1.b; loans and leases held for sale, loans and leases held for investment, and the allowance for loan and leases losses in items 1.e through 1.g into a single new item 1.c; and commercial paper and other borrowed money in items 2.c and 2.d, respectively, into a single new item 2.a. In addition, the agencies propose to remove the VIE detail on securities purchased under agreements to resell in item 1.d, trading assets (other than derivatives) in item 1.h, and derivative trading assets in item 1.i. The data currently reported in these items would be included in existing item 1.k for other assets, which would be renumbered as item 1.e. The agencies also propose to remove the VIE detail on securities sold under agreements to repurchase in item 2.a and derivative trading liabilities in item 2.b; these items would be included in existing item 2.e for other liabilities, which would be renumbered as item 2.b. The agencies propose to consolidate and remove these items because they no longer need the current level of detail on consolidated VIEs in the Call Report. C. Revisions to the FFIEC 031 Schedule RC-A With respect to Schedule RC-A of the FFIEC 031, the agencies propose to consolidate the reporting of an institution's balances due from depository institutions in the United States, which are currently reported for the consolidated bank in items 2.a for balances due from U.S. branches and agencies of foreign banks and 2.b for balances due from other commercial banks and other depository institutions in the United States, into a single item 2 in column A. In addition, the agencies propose to consolidate the reporting of an institution's balances due from banks in foreign countries and foreign central banks, which are currently reported for the consolidated bank in items 3.a for balances due from foreign branches of other U.S. banks and 3.b for balances due from banks in foreign countries and foreign central banks, into a single item 3 in column A. The agencies no longer need the current level of detail for these balances in the Call Report. Schedule RC-F With respect to Schedule RC-F of the FFIEC 031, the agencies propose to consolidate the reporting of an institution's interest-only strips receivable, which are currently reported in items 3.a for those on mortgage loans and 3.b for those on other financial assets, into a single item 3. The agencies no longer need the current level of detail for these holdings in the Call Report. In addition, the agencies propose to remove the preprinted caption for retained interests in accrued interest receivable related to securitized credit cards (item 6.d) as few institutions report having this component of other assets in an amount in excess of the existing reporting threshold for disclosing this component.\11\ Items 6.e through 6.k would be renumbered as items 6.d through 6.j. --------------------------------------------------------------------------- \11\ If this preprinted caption were removed and an institution has retained interests in accrued interest receivable related to securitized credit cards in an amount in excess of the reporting threshold, the institution would itemize and describe this component in one of the subitems of item 6 without a preprinted caption. --------------------------------------------------------------------------- Schedule RC-H With respect to Schedule RC-H of the FFIEC 031, in connection with removing the separate detail for loans held for investment and held for sale in domestic offices measured at fair value under a fair value option from Schedule RC-Q, the agencies propose to aggregate all loans held for investment and held for sale in domestic offices measured at fair value under a fair value option that are currently reported on Schedule RC-Q, column B, Memorandum items 3.a.(1) through 3.d (including all subitems), into a single new item, Schedule RC-H, item 22. This item would be completed by institutions that (1) have elected to report financial instruments or servicing assets and liabilities at fair value under a fair value option with changes in fair value recognized in earnings, or (2) are required to complete Schedule RC-D, Trading Assets and Liabilities. The agencies believe relocating this data from Schedule RC-Q to Schedule RC-H will improve efficiency by consolidating additional domestic office information on Schedule RC-H. Schedule RC-N With respect to Schedule RC-N of the FFIEC 031, the agencies propose to remove the data items for reporting the past due and nonaccrual status of the fair value and unpaid principal balance of held-for-investment loans measured at fair value, which are currently reported in Memorandum items 5.b.(1) and 5.b.(2), columns A through C. The agencies no longer need this current level of detail in the Call Report. The agencies would renumber Memorandum item 5.a, ``Loans and leases held for sale,'' as Memorandum item 5 for columns A through C. Schedule RC-P With respect to Schedule RC-P of the FFIEC 031, the agencies propose to modify the reporting criteria for this schedule by removing the current $1 billion asset-size threshold and applying only the existing activity-based [[Page 51915]] threshold to all institutions, regardless of size. As proposed, Schedule RC-P would be completed by institutions where any of the following residential mortgage banking activities (in domestic offices) exceeds $10 million for two consecutive quarters: Closed-end and open-end first lien and junior lien 1-4 family residential mortgage loan originations and purchases for resale from all sources during a calendar quarter; or Closed-end and open-end first lien and junior lien 1-4 family residential mortgage loan sales during a calendar quarter; or Closed-end and open-end first lien and junior lien 1-4 family residential mortgage loans held for sale or trading at calendar quarter-end. The agencies believe an activity-based threshold alone is more appropriate than an asset-size threshold for determining which institutions should file this schedule. The agencies also propose to consolidate the 1-4 family residential mortgage banking activity detail collected in this schedule for closed- end loans and commitments under open-end loans for retail originations (item 1), wholesale originations and purchases (item 2), mortgage loans sold (item 3), mortgage loans held for sale or trading (item 4), and repurchases and indemnifications of mortgage loans (item 6). Specifically, items 1.a, 1.b, and 1.c.(1) would be combined into new item 1; items 2.a, 2.b, and 2.c.(1) would be combined into new item 2; items 3.a, 3.b, and 3.c.(1) would be combined into new item 3; items 4.a, 4.b, and 4.c.(1) would be combined into new item 4; and, items 6.a, 6.b, and 6.c.(1) would be combined into new item 6. The agencies also propose to consolidate noninterest income from the sale, securitization, and servicing of closed-end and open-end 1-4 family residential mortgage loans currently reported in items 5.a and 5.b into a new item 5. In addition, the agencies propose to remove detail on the principal amount funded for open-end loans extended under lines of credit for each of the above listed categories currently reported in items 1.c.(2), 2.c.(2), 3.c.(2), 4.c.(2), and 6.c.(2). The agencies are proposing these changes because they no longer need the current level of detail on 1-4 family residential mortgage banking activities in the Call Report. Schedule RC-Q With respect to Schedule RC-Q of the FFIEC 031, the agencies propose to modify the reporting criteria for this schedule by applying only an activity threshold and not an asset-size threshold, which currently is $500 million. As proposed, Schedule RC-Q would be completed only by institutions that (1) have elected to report financial instruments or servicing assets and liabilities at fair value under a fair value option with changes in fair value recognized in earnings, or (2) are required to complete Schedule RC-D, Trading Assets and Liabilities. Institutions that do not meet either of these criteria would no longer need to complete this schedule, regardless of asset size. The agencies believe the activity thresholds are more appropriate than the existing simple asset-size threshold for determining which institutions must complete this schedule. For loans held for investment and held for sale measured at fair value under a fair value option, the agencies also propose to remove column B (domestic offices) for the fair value and the unpaid principal balance of such loans currently collected in Memorandum items 3 and 4 of this schedule, respectively, and replace the detailed data on fair value option loans in domestic offices with a single new item for the total amount of fair value option loans that would be added to Schedule RC-H, Selected Balance Sheet Items for Domestic Offices.\12\ In addition, the agencies would consolidate certain existing loan categories in Memorandum items 3 and 4. For fair value option loans secured by 1-4 family residential properties, detail on revolving, open-end loans secured by 1-4 family residential properties and extended under lines of credit; closed-end loans secured by first liens on 1-4 family residential properties; and closed-end loans secured by junior liens on 1-4 family residential properties that is currently reported for domestic offices in column B would be consolidated into a single category and collected for the consolidated bank. For fair value option loans secured by real estate other than 1-4 family residential properties, detail on construction, land development, and other land loans; loans secured by farmland; loans secured by multifamily (5 or more) residential properties; and loans secured by nonfarm nonresidential properties that is currently reported for domestic offices in column B would be consolidated into a single category and collected for the consolidated bank. These proposed revisions would replace the existing items for total fair value option loans secured by real estate for the consolidated bank. For fair value option consumer loans, detail for the consolidated bank on credit cards, other revolving credit plans, automobile loans, and other consumer loans would be consolidated into a single category. Specifically, existing Memorandum items 3.a and 4.a in column A for the fair value and the unpaid principal balance of the consolidated bank's total loans secured by real estate would be removed. Existing Memorandum items 3.a.(3)(a), 3.a.(3)(b)(1), and 3.a.(3)(b)(2) in column B would be consolidated into new Memorandum item 3.a.(1) for the fair value of the consolidated bank's loans secured by 1-4 family residential properties measured at fair value, while existing Memorandum items 3.a.(1), 3.a.(2), 3.a.(4), and 3.a.(5) in column B would be consolidated into new Memorandum item 3.a.(2) for the fair value of all other loans secured by real estate measured at fair value for the consolidated bank. Existing Memorandum items 3.c.(1) through 3.c.(4) for the consolidated bank would be consolidated into new Memorandum item 3.c for the fair value of all consumer loans measured at fair value. Similarly, existing Memorandum items 4.a.(3)(a), 4.a.(3)(b)(1), and 4.a.(3)(b)(2) in column B would be consolidated into new Memorandum item 4.a.(1) for the unpaid principal balance of the consolidated bank's loans secured by 1-4 family residential properties measured at fair value, while existing Memorandum items 4.a.(1), 4.a.(2), 4.a.(4), and 4.a.(5) in column B would be consolidated into new Memorandum item 4.a.(2) for unpaid principal balance of all other loans secured by real estate measured at fair value for the consolidated bank. Existing Memorandum items 4.c.(1) through 4.c.(4) for the consolidated bank would be consolidated into new Memorandum item 4.c for unpaid principal balance of all consumer loans measured at fair value.\13\ The agencies are proposing these changes because they no longer need the current level of detail on loans measured at fair value under a fair value option in the Call Report from institutions that file the FFIEC 031. --------------------------------------------------------------------------- \12\ The new Schedule RC-H item would be completed only by institutions required to complete Schedule RC-Q. \13\ In the June 2017 Call Report proposal, the agencies proposed comparable consolidation of the detail on loans held for trading, which are measured at fair value, and the unpaid principal balance of such loans in Schedule RC-D. --------------------------------------------------------------------------- Schedule RC-S With respect to Schedule RC-S of the FFIEC 031, the agencies propose the following revisions to Schedule RC-S, as they no longer need the current level of detail on securitization and asset sale [[Page 51916]] activities in the Call Report from institutions that file the FFIEC 031: (a) Consolidate the maximum amount of credit exposures arising from recourse or other seller-provided credit enhancements in the form of retained interest-only strips, subordinated securities and other residual interests, and standby letters of credit and other enhancements, which are reported in items 2.a, 2.b, and 2.c, respectively, into a single new item 2. (b) Create a reporting threshold of $100 billion or more in total assets for item 3, which is used for reporting unused commitments to provide liquidity to structures reported in item 1 involving assets sold and securitized by the reporting bank with servicing retained or with recourse or other seller-provided credit enhancements. (c) Consolidate ownership (or seller's) interests carried as securities and loans, which are reported in items 6.a and 6.b, respectively, into a single new item 6. The agencies also propose to create a reporting threshold of $10 billion or more in total assets for reporting this new combined item 6. (d) Remove items 7.a and 7.b, which contain loan amounts included in ownership (or seller's) interests carried as securities that are 30-89 days past due and 90 days or more past due, respectively. (e) Remove items 8.a and 8.b, which contain charge-offs and recoveries, respectively, on loan amounts included in the ownership (or seller's) interests carried as securities that are currently reported in item 6.a. (f) Consolidate columns B and C of item 9, which contain the maximum amount of credit exposure arising from credit enhancements in the form of standby letters of credit, purchased subordinated securities, and other enhancements provided by the reporting institution to other institutions' securitization structures, into existing column G. The activities covered in columns B and C pertain to home equity lines and credit card receivables, respectively. The amounts previously reported in columns B and C would be included in column G, ``All other loans, all leases, and all other assets.'' (g) Create a reporting threshold of $10 billion or more in total assets for reporting unused commitments to provide liquidity to other institutions' securitization structures in item 10. The agencies also propose to consolidate columns B and C of item 10 into existing column G. The activities covered in columns B and C pertain to home equity lines and credit card receivables, respectively. The amounts previously reported in columns B and C by institutions with $10 billion or more in total assets would be included in column G, ``All other loans, all leases, and all other assets.'' (h) Consolidate columns B through F of item 11, which contain assets sold with recourse or other seller-provided credit enhancements and not securitized, into existing column G. The activities covered in columns B through F pertain to home equity lines, credit card receivables, auto loans, other consumer loans, and commercial and industrial loans, respectively. The amounts previously reported in columns B through F would be included in column G, ``All other loans, all leases, and all other assets.'' (i) Consolidate columns B through F of item 12, which contain the maximum amount of credit exposure arising from recourse or other seller-provided credit enhancements on assets sold with recourse or other seller-provided credit enhancements and not securitized, into existing column G. The activities covered in columns B through F pertain to home equity lines, credit card receivables, auto loans, other consumer loans, and commercial and industrial loans, respectively. The amounts previously reported in columns B through F would be included in column G, ``All other loans, all leases, and all other assets.'' (j) Remove Memorandum items 1.a. and 1.b which contain the outstanding principal balance and the amount of retained recourse, respectively, on small business obligations transferred with recourse under Section 208 of the Riegle Community Development and Regulatory Improvement Act of 1994. The amounts previously reported in these two memorandum items would be included in items 1 and 2 (column F) or items 11 and 12 (column G) depending on whether the obligations that had been sold were securitized or not securitized, respectively. (k) Create a reporting threshold of $10 billion or more in total assets for reporting detail on ABCP conduits in Memorandum items 3.a.(1) through 3.b.(2), and the amount of outstanding credit card fees and finance charges included in credit card receivables sold and securitized with servicing retained or with recourse or other seller-provided credit enhancements in Memorandum item 4. To complete Memorandum item 4, an institution with $10 billion or more in total assets would also need to meet one of the existing criteria for reporting this information, i.e., the institution, together with affiliated institutions, has outstanding credit card receivables that exceed $500 million as of the report date, or the institution is a credit card specialty bank as defined for UBPR purposes. Schedule RC-T With respect to Schedule RC-T of the FFIEC 031, the agencies propose to increase the reporting threshold for reporting the components of fiduciary and related services income. For institutions with total fiduciary assets greater than $100 million but less than or equal to $250 million that do not meet the fiduciary income test for quarterly reporting,\14\ the agencies propose to no longer require the reporting of items 14 through 26. There would be no change to the reporting requirements applicable to items 14 through 26 for all other institutions. The agencies no longer need the current level of detail on fiduciary and related services income from institutions with less than $250 million in total fiduciary assets that do not meet the fiduciary income test. --------------------------------------------------------------------------- \14\ An institution does not meet the fiduciary income test if its gross fiduciary and related services income was less than or equal to 10 percent of revenue (net interest income plus noninterest income) for the preceding calendar year. --------------------------------------------------------------------------- In addition, the agencies propose to add a reporting threshold for reporting the number and market value of collective investment funds and common trust funds by type of fund in Memorandum items 3.a through 3.g. For institutions at which these funds have a total market value of less than $1 billion (as of the preceding December 31), the agencies propose to no longer require the reporting of Memorandum items 3.a through 3.g. Such institutions would report only the total number and market value of their collective investment funds and common trust funds in Memorandum item 3.h. Institutions at which the total market value of their collective investment funds and common trust funds is $1 billion or more would continue to report Memorandum items 3.a through 3.h. The agencies no longer need the current level of detail on collective investment funds and common trust funds in the Call Report from institutions at which the total market value of these funds is less than $1 billion. Schedule RC-V With respect to Schedule RC-V of the FFIEC 031, the agencies propose to consolidate information collected on consolidated VIEs used as ABCP conduits (column B) and other VIEs (column C) for all items into a single column B covering all VIEs other than those used as securitization vehicles (which will continue to be reported in column A). In lieu of the detailed breakdown of assets and liabilities of ABCP conduit VIEs currently reported in column B, the agencies propose to collect data on the total assets and total liabilities of such VIEs in new items 5 and 6, respectively. For these ABCP conduit VIEs, the total assets item would include the assets that can be used only to settle these VIEs' obligations, which are currently reported in items 1.a through 1.k, column B, and all other assets of these VIEs, which are currently reported in item 3, column B; the total liabilities items would include these VIEs' liabilities for which creditors do not have recourse to the general credit of the reporting bank, which are currently reported in items 2.a through 2.e, column B, and all other liabilities of these VIEs, which are currently reported in item 4, column B. In the two columns of Schedule RC-V that would remain, the agencies also propose to consolidate the VIE information on held-to-maturity and available-for-sale securities in items 1.b [[Page 51917]] and 1.c into a single new item 1.b; loans and leases held for sale, loans and leases held for investment, and the allowance for loan and leases losses in items 1.e through 1.g into a single new item 1.c; and commercial paper and other borrowed money in items 2.c and 2.d into a single new item 2.a. In addition, the agencies propose to remove the VIE detail on securities purchased under agreements to resell in item 1.d, trading assets (other than derivatives) in item 1.h, and derivative trading assets in item 1.i. The data currently reported in these items would be included in existing item 1.k for other assets, which would be renumbered as item 1.e. The agencies also propose to remove the VIE detail on securities sold under agreements to repurchase in item 2.a and derivative trading liabilities in item 2.b; these items would be included in existing item 2.e for other liabilities, which would be renumbered as item 2.b. The agencies propose to consolidate and remove these items because they no longer need the current level of detail on consolidated VIEs in the Call Report. IV. Timing The agencies propose to make the changes in this notice effective beginning with the June 30, 2018, Call Report. The agencies invite comment on any difficulties that institutions would expect to encounter in implementing the systems and process changes necessary to accommodate the proposed revisions to the FFIEC 051, FFIEC 041, and FFIEC 031 as of this proposed effective date. The specific wording of the captions for the new or revised Call Report data items discussed in this proposal and the numbering of these data items should be regarded as preliminary. V. Request for Comment Public comment is requested on all aspects of this joint notice. Comment is specifically invited on: (a) Whether the proposed revisions to the collections of information that are the subject of this notice are necessary for the proper performance of the agencies' functions, including whether the information has practical utility; (b) The accuracy of the agencies' estimates of the burden of the information collections as they are proposed to be revised, including the validity of the methodology and assumptions used; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of information collections on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. 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 the Portion of the User Surveys Evaluated in the Development of This Proposal Schedule RI-A (Changes in Bank Equity Capital) Schedule RI-A collects detailed information about specified categories of changes in an institution's equity capital during the calendar year to date. In general, these categories are aligned with categories typically reported on a basic statement of changes in equity in a set of financial statements prepared under U.S. generally accepted accounting principles (GAAP). The FFIEC member entities' examiners use the Schedule RI-A information in their off-site reviews to identify and understand the sources of any significant changes in an institution's capital accounts. Information on dividends declared as a percentage of net income reveals the extent to which capital is being augmented through earnings retention, which is the principal source of capital for most institutions. The banking agencies may be aware of some capital transactions reported in Schedule RI-A due to licensing requirements. However, for many other transactions directly affecting capital such as dividends declared and transactions with a parent holding company, Schedule RI-A may be the only source of information on changes in capital aside from an on-site examination. Even for capital transactions that require prior agency approval, the information reported in Schedule RI-A serves as confirmation that the institution successfully completed the transaction (such as issuing new stock or redeeming existing preferred stock). The agencies also use the information on this schedule as a starting point for reviewing compliance with statutory or regulatory restrictions on dividends or holding company transactions. The FDIC uses data items from Schedule RI-A in its estimates of losses from failures of insured depository institutions, which affects the FDIC's loss reserve and the resulting level of the balance in the Deposit Insurance Fund. Schedule RI-C (Disaggregated Data on the Allowance for Loan and Lease Losses) [FFIEC 031 and FFIEC 041 only] Schedule RI-C provides information on the components of the allowance for loan and lease losses (ALLL) by loan category disaggregated on the basis of a reporting institution's impairment measurement method and the related recorded investment in loans (and, as applicable, leases) held for investment for institutions with $1 billion or more in total assets. The information required to be reported in Schedule RI-C is consistent with disclosures required under existing U.S. GAAP in Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) paragraphs 310-10-50- 11B(g) and (h). By providing this level of detail on an individual institution's overall ALLL, which supports the identification of changes in its components over time, examiners can better perform off-site monitoring of activity within the ALLL in periods between examinations and when planning for examinations. Thus, the Schedule RI-C information enables examiners and agency analysts to determine whether the institution is releasing loan loss allowances in some loan categories and building allowances in others. Furthermore, changes from period to period in the volume of individually evaluated loans that have been determined to be impaired in each loan category, and the allowance allocations to these impaired loans, provide examiners and analysts with an indicator of trends in the institution's credit quality. This understanding is critical to the agencies since the ALLL, and the direction of changes in its composition, is one of the key factors in determining an institution's financial condition. The detailed ALLL information collected in Schedule RI-C allows the agencies to more finely focus efforts related to the analysis of the ALLL and credit risk management. By reviewing the data collected in Schedule RI-C on allowance allocations by loan category in conjunction with the past due and nonaccrual data reported by loan category (in Schedule RC-N) that are used in a general assessment of an institution's credit risk exposures, the agencies can better evaluate whether the overall level of its ALLL, and its allocations by loan category, appear appropriate or whether supervisory follow- up is warranted. Together, the ALLL information and past due and nonaccrual data factor into the assessment of the Asset Quality component of the CAMELS rating.\15\ As an example, by using the detailed information on the ALLL allocated to commercial real estate (CRE) loans, examiners and analysts can better understand how institutions with CRE concentrations are building or releasing allowances, the extent of ALLL coverage in relation to their CRE portfolios, and how this might differ among institutions. --------------------------------------------------------------------------- \15\ CAMELS is an acronym that represents the ratings from six essential components of an institution's financial condition and operations: Capital adequacy, asset quality, management, earnings, liquidity, and sensitivity to market risk. These components represent the primary areas evaluated by examiners during examinations of institutions. --------------------------------------------------------------------------- Schedule RI-C also assists the agencies in understanding industry trends related to the build-up or release of allowances for specific loan categories. The information supports comparisons of ALLL levels by loan category, including the identification of differences in ALLL allocations by institution size. Understanding how institutions' ALLL practices and allocations differ over time for [[Page 51918]] particular loan categories as economic conditions change provides insight that can be used to more finely tune supervisory procedures and policies. Schedule RC-A (Cash and Balances Due from Depository Institutions) [FFIEC 031 and FFIEC 041 only] Schedule RC-A provides data on currency and coin, cash items, balances due from U.S. and foreign depository institutions, and balances due from Federal Reserve Banks. This information, particularly from larger institutions, is utilized for monetary policy purposes and liquidity analysis purposes. For monetary policy purposes, information from Schedule RC-A is needed for analysis of the relationship between institutions' cash assets and the federal funds market, and in the construction of the monetary aggregates and weekly estimates of cash assets. The Board, in conducting monetary policy, monitors shifts between cash accounts and federal funds as a measure of the effectiveness of policy initiatives. For example, differences in interest rates paid on balances due from Federal Reserve Banks compared to those available in the federal funds market cause shifts in the relative volumes of funds institutions hold in their Federal Reserve Bank accounts and federal funds sold. This can be seen in the significant shrinkage in the federal funds market over the past ten years that has been offset by increases in cash assets held. As monetary policy normalizes and rates in the federal funds market increase, data in Schedule RC-A will allow the Board to analyze how cash assets would change as the federal funds market responds to the movement in rates. Schedule RC-A data also serve as inputs into the construction of the monetary aggregates and in deriving estimates of cash assets on a weekly frequency. Cash items reported in item 1 are utilized as netting components in constructing the monetary aggregates. Items for cash and balances due from depository institutions are utilized to benchmark comparable weekly data collected by the Board from a sample of both small and large depository institutions. These weekly estimates provide timely input for more effective monitoring of institutions' cash asset positions. Schedule RC-A provides information about the most liquid balance sheet accounts available to satisfy unexpected cash outflows. Thus, information reported on balances due from depository institutions, including those representing correspondent banking balances, are a key element in the agencies' analysis of an institution's management of liquidity risk. Such balances serve to pay the institution's daily cash letters and must be maintained at sufficient levels to cover these obligations in the normal course of business. At the same time, information from Schedule RC-A is particularly important for the agencies' evaluations of an institution's ability to effectively respond to liquidity stress. Although other balance sheet assets, such as debt securities, are secondary sources of liquidity under normal operating conditions, examiners consider the availability of on-balance sheet cash and due from balances under a highly stressed operating environment. Given the volatility of liability funding sources, agency supervisory staff assess the demands of a potential liquidity crisis in comparison to the availability of funds from due from balances. Because the amount of liquid assets that an institution should maintain is a function of the stability of its funding structure and the risk characteristics of its balance sheet and off-balance sheet activities, examiners monitor the level of cash and due from balances, and changes therein from period to period, by using data from Schedule RC-A as part of their off-site analyses of liquidity risk. The results of these analyses may influence the supervisory strategy for an institution and is an input into examination planning activities necessary for scoping and staffing the evaluation of liquidity and funds management during examinations. The separate breakout of balances due from banks in foreign countries and foreign central banks in Schedule RC-A also aids the agencies in assessing liquidity risk arising from additional or distinct banking laws and regulations in foreign countries and in evaluating the currency risk and country risk associated with these balances. Schedule RC-F (Other Assets) Schedule RC-F collects a breakdown of assets not reported in other balance sheet asset categories, such as deferred tax assets, equity securities without readily determinable fair values, and life insurance assets. This information is used in off-site monitoring and for pre-examination planning. A trend of rapid growth in or a significant change in the reported amount of an individual category of other assets that is identified through off-site monitoring may represent an area of potential concern or heightened risk and require further review and assessment, either upon identification or at the next examination. For example, a significant increase in the level of accrued interest receivable may be indicative of deterioration in the repayment capacity of an institution's borrowers or a relaxation of management's loan collection policies and practices, which would signal an increase in overall credit risk. Growth in the amount of net deferred tax assets, particularly at an institution with cumulative losses in recent years, raises questions about the realizability of these assets and whether the need for a valuation allowance has been properly assessed. The importance of ensuring the appropriateness of the reported amount of these assets is also tied to the deductions and limits that apply to deferred tax assets under the agencies' regulatory capital rules. Examiners use information on the volume of interest-only strips receivable in their pre- examination scoping of an institution's interest rate risk to determine the extent of this risk in preparation for an on-site assessment. Because bank-owned life insurance exposes an institution to liquidity, operational, credit, interest rate, and other risks, examiners need to identify significant holdings of life insurance assets and growth in such holdings. In these circumstances, examiners evaluate management's adherence to prudent concentration limits for life insurance assets and management's performance of comprehensive assessments of the risks of these assets, either on an off-site basis or during examinations. Information on those individual components of all other assets that exceed the Schedule RC-F disclosure threshold helps examiners evaluate the significance of these items to the overall composition of the balance sheet and identify risk exposures associated with these assets. For example, when examiners find the reported amount of repossessed assets at an institution to be increasing, these data, taken together with data on the volume of past due and nonaccrual loans reported in Schedule RC-N, may signal credit deterioration and the need for examiner follow-up with management. Data on repossessed assets also are used for the scoping of targeted consumer compliance examinations, particularly with respect to auto loan origination and servicing. Data on accrued interest receivable also are used in the FDIC's model that estimates losses arising from the failure of problem institutions, which affects the measurement of the balance of the Deposit Insurance Fund. Schedule RC-G (Other Liabilities) Schedule RC-G collects a breakdown of liabilities not reported in other balance sheet liability categories, such as interest accrued and unpaid on deposits, net deferred tax liabilities, and the allowance for credit losses on off-balance sheet exposures. As with the other assets data collected in Schedule RC-F, information reported in Schedule RC-G is used in off-site monitoring and for pre-examination planning. A trend of rapid growth in or a significant change in the reported amount of an individual category of other liabilities that is identified through off-site monitoring may represent an area of potential concern or heightened risk and require further review and assessment, either upon identification or at the next examination. For example, a significant increase or decrease in the interest accrued and unpaid on deposits would warrant examiner follow-up to determine the cause for this change from previous levels because it could indicate a change in an institution's funding strategy with a consequential effect on its future earnings and its interest rate risk exposure. Examiner assessments of material increases in the allowance for off-balance sheet credit exposures are performed to determine whether this reflects credit quality deterioration on the part of existing customers to whom credit has been extended, a loosening of underwriting practices for granting or renewing lines of credit, or other factors, especially at banks with significant credit card operations or other unfunded commitments. Information on those individual components of all other liabilities that exceed the Schedule RC-G disclosure threshold helps examiners evaluate the significance of these items to the overall composition of the balance sheet and identify risk exposures associated with these liabilities. For example, an increase in the amount of derivatives with negative fair values, considering changes in [[Page 51919]] the notional amounts of derivatives reported in Schedule RC-L (on the FFIEC 031 or FFIEC 041) or Schedule SU (on the FFIEC 051), would lead to examiner review of an institution's hedging activities and their effectiveness in offsetting identified hedged risks or its strategy for entering into derivatives transactions for purposes other than hedging because of the resulting negative impact on earnings. Because deferred compensation liabilities create funding obligations, growth in the amount of these liabilities that triggers disclosure in Schedule RC-G warrants examiner review to ensure that management is properly planning for the funding mechanisms to be used to satisfy these compensation arrangements. Data on interest accrued and unpaid on deposits also are used in the FDIC's model that estimates losses arising from the failure of problem institutions, which affects the measurement of the Deposit Insurance Fund. Schedule RC-H (Selected Balance Sheet Items for Domestic Offices) [FFIEC 031 Only] Schedule RC-H provides data on selected balance sheet items held in domestic offices only, and complements domestic office information collected in Schedule RC-C, Part I (Loans and Leases), Column B, and in Schedule RC-A (Cash and Balances Due from Depository Institutions), Column B. This domestic office level information is utilized for monetary policy and supervisory risk assessment purposes. In general, Board policymakers set U.S. monetary policy to influence economic activity and financial market conditions in the United States. The domestic office components of the balance sheet items in Schedule RC-H and elsewhere in the Call Report are used in this context to assess credit availability, banks' funding patterns, liquidity, and investment strategies in the United States. For example, if the level of an institution's consolidated holdings of U.S. Treasury securities were increasing, but upon further review a significant portion of the growth reflected a rise in the amount of the institution's securities that are held in its foreign offices, such growth would not constitute direct support of either increased liquidity or a change in investment strategy at the institution's domestic offices. Moreover, in that case, such growth would not constitute an increase in the Board's U.S. bank credit aggregate, which is based on domestic-office-only holdings of institutions' securities and loans. Without the domestic-offices-only component of U.S. Treasury securities, the interpretation of increases in such securities holdings would be unnecessarily complicated; it would otherwise be unclear to policymakers, analysts, and others whether such growth had in fact reflected stimulation of the U.S. economy in the form of U.S. bank credit. For institutions with foreign and domestic operations, the division of assets and funding between foreign and domestic components is a key element of an institution's risk profile. For example, the levels of funding and assets at such an institution that are subject to potentially more restrictive foreign laws and regulations and to currency risk and other transactional risks define a major portion of the institution's risk profile. In addition, data on the volume of assets and liabilities by balance sheet category in domestic versus foreign offices is essential for planning and staffing examinations of institutions with foreign offices. Schedule RC-I (Assets and Liabilities of IBFs) [FFIEC 031 Only] Schedule RC-I requires the reporting, on a fully consolidated basis, of the total assets and liabilities of all International Banking Facilities (IBFs) established by the reporting institution, i.e., including any IBFs established by the institution itself or by its Edge or Agreement subsidiaries. An IBF is a set of asset and liability accounts, segregated on the books and records of the establishing entity, which reflect permitted international transactions. IBF activities are essentially limited to accepting deposits from and extending credit to foreign residents (including banks), other IBFs, and the institutions establishing the IBF. The general purpose of the collection of these two Schedule RC-I data items is to aid in the planning of examinations on the risks and activities associated with international lending, financing instruments, and international banking conducted through an IBF. These two data items also serve as high level indicators of institutions' engagement in such activities between examinations. There is no other source of information on the total assets and liabilities of U.S. banking institutions' IBFs. Schedule RC-P (1-4 Family Residential Mortgage Banking Activities in Domestic Offices) [FFIEC 031 and FFIEC 041 only] For institutions that meet an activity-based reporting threshold associated with their mortgage banking activities in domestic offices, Schedule RC-P provides data on their originations, purchases, and sales of closed-end and open-end 1-4 family residential mortgages during the quarter. Institutions providing data in Schedule RC-P also report the amount of closed-end and open- end 1-4 family residential mortgage loans held for sale or trading at quarter-end as well as the noninterest income for the quarter from the sale, securitization, and servicing of these mortgage loans. For open-end mortgage loans, institutions report the total commitment under the line of credit. These data are collected to enhance the agencies' ability to monitor the nature and extent of institutions' involvement with 1-4 family residential mortgage loans as originators, sellers, and servicers of such loans. Since mortgage banking accounts for a large source of income at many institutions, concentrations of activities in this area pose several types of risks. These risks include operational, credit, interest rate, and liquidity risks, evaluations of which are critical in assigning appropriate CAMELS ratings for an institution. Therefore, the agencies monitor and analyze the Schedule RC-P data on institutions' mortgage banking activities to support their assessments of various risk components of CAMELS ratings. For example, 1-4 family residential mortgage banking activities may include an institution's obligation to repurchase mortgage loans that it has sold or otherwise indemnify the loan purchaser against loss due to borrower defaults, loan defects, other breaches of representations and warranties, or other reasons, thereby exposing the institution to additional risk. To monitor this exposure, Schedule RC-P collects data on 1-4 family residential mortgage loan repurchases and indemnifications during the quarter as well as representation and warranty reserves for such loans that have been sold. If off-site analysis of the reported data on repurchases and indemnifications reveals substantial increases in recent periods, this would be a red flag for supervisory questions about the credit and operational risks arising from the institution's mortgage loan originations and purchases as well as its ability to fund a higher level of loan repurchases going forward than it may be accustomed to repurchase. Examiner review of the appropriateness of the level of representation and warranty reserves and the institution's methodology for estimating the amount of these reserves also would be warranted. In addition, the data reported in Schedule RC-P are used in the ongoing monitoring of the current volume, growth, and profitability of institutions' 1-4 family residential mortgage banking activities. In this regard, significant growth in these activities over a short period of time, particularly in relation to the size of an institution, raises supervisory concerns as to whether the institution has implemented appropriate risk management processes, controls, and governance over its mortgage banking business. The extent of the increased level of activity will determine the nature and timing of the supervisory follow-up. More generally, for examiners, the off-site monitoring of the Schedule RC-S data and related metrics and trends provides key information for examination scoping and helps determine the allocation of mortgage-banking specialists' time during on-site examinations. A substantial volume of loans and other assets held for sale in a market where the assets may not be able to be readily sold can cause significant liquidity strain because of the institution's need for funding to carry these assets for a greater length of time than had been anticipated. Thus, the agencies use data from Schedule RC-P when assessing an institution's liquidity position by monitoring and analyzing the extent of mortgages held for sale or trading. If there is significant growth in the amount of such mortgage holdings, particularly when the Schedule RC-P data reveal larger amounts of originations and purchases compared to sales, this would be an indicator that the acquired loans are not selling and a basis for supervisory follow-up. From a consumer compliance perspective, the agencies use Schedule RC-P data to monitor mortgage-related metrics for assessing potential risks to consumers, and for the scheduling and scoping of examinations. Additionally, the agencies rely on Schedule RC-P data for assessing an institution's product lines for compliance with the Community Reinvestment Act and other fair lending regulations, particularly if the institution engages in wholesale originations of mortgage loans. [[Page 51920]] Schedule RC-Q--Assets and Liabilities Measured at Fair Value on a Recurring Basis [FFIEC 031 and FFIEC 041 only] FASB ASC Topic 820, Fair Value Measurement, provides guidance on how to measure fair value and establishes a three-level hierarchy for measuring fair value. This hierarchy prioritizes inputs used to measure fair value based on observability, giving the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). Under ASC Subtopic 825-10, Financial Instruments--Overall, ASC Subtopic 815-15, Derivatives and Hedging--Embedded Derivatives, and ASC Subtopic 860-50, Transfers and Servicing--Servicing Assets and Liabilities, an institution may elect to report certain assets and liabilities at fair value with changes in fair value recognized in earnings. This election is generally referred to as the fair value option. Under U.S. GAAP, certain other assets and liabilities are required to be measured at fair value on a recurring basis. Institutions that have elected to apply the fair value option or have reported $10 million or more in total trading assets in any of the four preceding calendar quarters must report in Schedule RC-Q the amount of assets and liabilities, by major categories, that are measured at fair value on a recurring basis in the financial statements, along with separate disclosure of the amount of such assets and liabilities whose fair values were estimated under each of the three levels of the FASB's fair value hierarchy. Agency staff use the information on assets reported at fair value in Schedule RC-Q to calibrate and estimate the impact of regulatory capital policy, as well as evaluate contemplated capital policy changes. The agencies also use the Schedule RC-Q data (particularly the volume of fair value option assets and liabilities in relation to total assets and total capital, whether the volume has significantly increased, and whether the option has begun to be applied to new categories of assets or liabilities) to assist with planning the proper scoping and staffing of risk management safety and soundness examinations given the critical importance of robust risk management and control processes around fair value measurement. For available-for-sale securities and fair value option loans, agency staff can also compare the fair values reported in Schedule RC-Q with the amortized cost and unpaid principal balance, respectively, reported for these assets in the Call Report to understand the extent and direction of these measurement differences and their potential effect on regulatory capital should a substantial portion of these assets need to be sold. The agencies also use this information to evaluate the extent of Level 3 fair value measurements of certain assets and liabilities because of the extensive use of unobservable inputs to estimate these fair values, as well as to monitor trading asset valuations and shifts in the fair value hierarchy valuation levels among trading assets over time and across capital markets. Information in Schedule RC-Q is also used by agency examination staff to analyze capital, asset quality, earnings, and liquidity components of CAMELS. The agencies also use data reported in Schedule RC-Q in credit risk management tools. Obtaining these data on a quarterly basis allows for closer monitoring of credit risk changes affecting assets measured at fair value. The data are also used to monitor bank performance, emerging trends, and certain mortgage servicing assets. Schedule RC-S (Servicing, Securitization, and Asset Sale Activities) [FFIEC 031 and FFIEC 041] Schedule RC-S collects data on servicing, securitization, and asset sale activities. The majority of these data represents off- balance sheet activities. The agencies use the data provided in this schedule primarily for risk identification and examination scoping purposes. Exposures reported in Schedule RC-S can affect an institution's liquidity outlook. For example, if an institution has a commitment to provide liquidity to its own or other institutions' securitization structures or has provided credit enhancements in the form of recourse or standby letters of credit for assets it has sold or securitized, the agencies need to consider such funding commitments to properly monitor and assess the full scope of an institution's liquidity position. This schedule also captures past due amounts for loans the reporting institution has sold and securitized on which it has retained servicing or has provided recourse or other credit enhancements. This past due information, and trends in the past due amounts, are critical to the agencies' ability to evaluate the credit quality of the underlying assets in securitization structures on an off-site basis and timely identify any credit quality deterioration for supervisory follow-up, including, if applicable, the effect of increased servicing costs on current and forecasted earnings. Defaulting assets underlying securitization structures played a major role during the recent financial crisis, so it is imperative the agencies have the information necessary to continuously monitor the performance of these assets. The agencies also use Schedule RC-S data to analyze whether an institution has adequate capital to cover losses arising from liquidity commitments or recourse obligations if the underlying assets in securitizations begin to default, especially in the event of an economic downturn. In addition, on an industry-wide basis, changes in the level of activity reported in the various items of this schedule enables the agencies to identify emerging trends within the securitization sector, which supports the development, as needed, of supervisory policies and related guidance for institutions and examiners. Schedule RC-S is also used by the agencies to prepare for on- site examinations. Specifically, the level of activity reported in Schedule RC-S helps the agencies make examination resource decisions, such as whether capital markets or consumer compliance specialists are needed on-site. (Consumer compliance regulations apply to loans an institution continues to service after sale or securitization.) For example, in the event there are increasing amounts of past due loans that an institution has sold and securitized, additional resources can be allocated to examining the institution's lending policies and practices and internal controls. Schedule RC-T (Fiduciary and Related Services) Schedule RC-T collects data on fiduciary assets and accounts, income generated from those accounts and other fiduciary services, and related fiduciary activities. The amount of data reported in Schedule RC-T and the frequency of reporting varies depending on an institution's total fiduciary assets and its fiduciary income. The most detail, including income information, is provided quarterly by institutions that have more than $250 million in fiduciary assets or meet a fiduciary income test; other trust institutions report less information in Schedule RC-T annually as of December 31. Trust services are an integral part of the banking business for more than 20 percent of all institutions. The granularity of the data in Schedule RC-T, especially for the types of managed assets held in fiduciary accounts, aids the agencies in determining the complexity of an institution's fiduciary services risk profile. Furthermore, the agencies use Schedule RC-T data to monitor changes in the volume and character of discretionary trust activity and the volume of nondiscretionary trust activity at a trust institution, which facilitates their assessment of the nature and risks of the institution's fiduciary activities. The institution's risk profile in these areas is considered during pre-examination planning to determine the appropriate scoping and staffing for trust examinations. The Schedule RC-T data also are used when examiners consider the ratings to be assigned to trust institutions under the Uniform Interagency Trust Rating System (UITRS). The UITRS considers certain managerial, operational, financial, and compliance factors that are common to all institutions with fiduciary activities. Under this system, the supervisory agencies endeavor to ensure that all institutions with fiduciary activities are evaluated in a comprehensive and uniform manner, and that supervisory attention is appropriately focused on those institutions exhibiting weaknesses in their fiduciary operations. Schedule RC-T provides a breakdown of the amount and number of managed and non-managed accounts by the types of different trust accounts. Personal trusts, employee benefit trusts, and corporate trusts are reported separately because of their substantive differences in nature and risk. Having a detailed breakdown between managed and non-managed accounts is critical because managed accounts have greater levels of investment, legal, reputational, and compliance risks compared to non-managed accounts, and require more supervisory oversight. This account information supports examination scoping and staffing because the evaluation of different types of trust accounts requires differences in expertise. Data reported by larger trust institutions on fiduciary and related services income and on [[Page 51921]] fiduciary settlements, surcharges, and other losses provide information on the overall profitability of the institution's fiduciary activities and supports the assessment of the Earnings component of the UITRS rating. These assessments consider such factors as the profitability of fiduciary activities in relation to the size and scope of the institution's trust product lines and its overall trust business. In addition, fiduciary settlements, surcharges, and other losses signal mishandling, operational failure, or fraud, which pose higher than normal risk exposure to the institution and raise questions for supervisory follow-up about the effectiveness of the institution's controls over its fiduciary activities. These data also are monitored off-site and used to make interim rating changes in the UITRS Earnings rating between scheduled examinations. Data in the Schedule RC-T Memorandum items include the market values of managed assets held in fiduciary accounts by type of account and asset class and the number of collective investment funds and common trust funds and the market value of fund assets by type of fund. The exercise of investment discretion adds a significant element of risk to the administration of managed fiduciary accounts. The breakdowns by asset class and type of fund enable the agencies to monitor trends, both on a trust industry-wide basis and an individual trust institution basis, in how institutions with investment discretion are investing the assets of managed accounts and investment funds. The market value breakdowns of managed assets by asset class provide an indicator of complexity by separating more complex and hard-to-value assets that carry higher levels of risk from those assets that pose less risk. These data also contribute to effective examination scoping and staffing so that trust examiners can be assigned, and their time allocated, to examining those more complex and higher risk activities in which they have expertise. For example, the separately reported managed asset classes of real estate mortgages and real estate are distinctly different asset classes with different risk and return profiles, cash flows, and liquidity characteristics. Thus, concentrations in either of these asset classes may inform the supervisory strategy for managed fiduciary accounts, including the level of specialized expertise that may be required when there are concentrations in these asset classes. Trust institutions also report the number of corporate and municipal debt issues for which the institution serves as trustee that are in substantive default and the outstanding principal amount of these debt issues. A substantive default occurs when the issuer fails to make a required payment of interest or principal, defaults on a required payment into a sinking fund, or is declared bankrupt or insolvent. The occurrence of a substantive default significantly raises the risk profile for the institution serving as an indenture trustee of a defaulted issue and can result in the incurrence of significant expenses and the distraction of managerial time and attention from other areas of trust administration. Thus, by monitoring the corporate trust data reported in Schedule RC-T between examinations, the agencies are able to identify changes in the risk profile of institutions acting as indenture trustees for timely supervisory follow-up and appropriate examination scoping and staffing. The existence of fiduciary activities reported in Schedule RC-T may result in scoping certain areas of review into a consumer compliance examination, such as privacy and incentive-based cross- selling. The schedule also contains essential information for statistical and analytical purposes, including calculating the OCC assessments for independent trust banks. Schedule RC-V (Variable Interest Entities) [FFIEC 031 and FFIEC 041 only] Schedule RC-V collects information on an institution's consolidated variable interest entities (VIEs) as defined by FASB ASC Topic 810, Consolidation. The data are used in determining the extent to which an institution's VIEs have been created as securitization vehicles to pool and repackage mortgages, other assets, or other credit exposures into securities that have been or can be transferred to investors or for other purposes. Examiners and reviewers can quantify the level of cash and noninterest-bearing balances, securities, loans, and other assets as well as liabilities tied to VIEs that are reflected in the amounts reported in the corresponding asset and liability categories on the parent institution's consolidated balance sheet. While securitization activities present many risks, the data on VIEs are particularly useful for monitoring and examining credit risk or the risk to earnings performance from the VIEs' activities. Depending on the volume of an institution's VIEs, VIE assets that can be used only to settle obligations of the consolidated VIEs can also impact off-site assessments of the parent institution's liquidity position given the restrictions on the use of the VIEs' assets for borrowing purposes. Thus, the analysis of amounts reported in Schedule RC-V assists with planning the proper scoping and staffing of examinations of institutions with activities conducted through VIEs. Appendix B FFIEC 051: To Be Completed by Banks With Domestic Offices Only and Total Assets Less Than $1 Billion Data Items Removed, Other Impacts to Data Items, or New or Increased Reporting Threshold Data Items Removed Schedule RC-A, Cash and Balances Due From Depository Institutions, Removed ---------------------------------------------------------------------------------------------------------------- Schedule Item Item name MDRM No. ---------------------------------------------------------------------------------------------------------------- RC-B.................. 4.a.(1)............... Residential mortgage RCONG300, RCONG301, RCONG302, RCONG303. pass-through securities: Guaranteed by GNMA (Columns A through D). RC-B.................. 4.a.(2)............... Residential mortgage RCONG304, RCONG305, RCONG306, RCONG307. pass-through securities: Issued by FNMA and FHLMC (Columns A through D). Note: Items 4.a.(1) and 4.a.(2) of Schedule RC- B will be combined into one data item (new item 4.a). RC-F.................. 3.a................... Interest-only strips RCONA519. receivable (not in the form of a security) on mortgage loans. RC-F.................. 3.b................... Interest-only strips RCONA520. receivable (not in the form of a security) on other financial assets. Note: Items 3.a and 3.b of Schedule RC-F will be combined into one data item (new item 3). RC-F.................. 6.d................... Retained interests in RCONC436. accrued interest receivable related to securitized credit cards. SU.................... 8.e................... Outstanding credit card RCONC407. fees and finance charges included in retail credit card receivables sold and securitized with servicing retained or with recourse or other seller-provided credit enhancements. ---------------------------------------------------------------------------------------------------------------- Other Impacts to Data Items [[Page 51922]] ---------------------------------------------------------------------------------------------------------------- Schedule Item Item name MDRM No. ---------------------------------------------------------------------------------------------------------------- RC-B.................. 4.a.(1) (New)......... Residential mortgage To be determined (TBD)--4 MDRM Numbers. pass-through securities: Issued or guaranteed by FNMA, FHLMC, or GNMA (Columns A through D). Note: Items 4.a.(1) and 4.a.(2) of Schedule RC- B will be combined into this data item. RC-F.................. 3 (New)............... Interest-only strips TBD. receivable (not in the form of a security). Note: Items 3.a and 3.b of Schedule RC-F removed above will be combined into this data item. ---------------------------------------------------------------------------------------------------------------- Data Items With a New or Increased Reporting Threshold Schedule RC-T: Increase the threshold for the exemption from reporting Schedule RC-T items 14 through 26 institutions with fiduciary assets of $100 million or less to institutions with fiduciary assets of $250 million or less (that do not meet the fiduciary income test for quarterly reporting). ---------------------------------------------------------------------------------------------------------------- Schedule Item Item name MDRM No. ---------------------------------------------------------------------------------------------------------------- RC-T.................. 14.................... Income from personal RIADB904. trust and agency accounts. RC-T.................. 15.a.................. Income from employee RIADB905. benefit and retirement- related trust and agency accounts: Employee benefit-- defined contribution. RC-T.................. 15.b.................. Income from employee RIADB906. benefit and retirement- related trust and agency accounts: Employee benefit-- defined benefit. RC-T.................. 15.c.................. Income from employee RIADB907. benefit and retirement- related trust and agency accounts: Other employee benefit and retirement-related accounts. RC-T.................. 16.................... Income from corporate RIADA479. trust and agency accounts. RC-T.................. 17.................... Income from investment RIADJ315. management and investment advisory agency accounts. RC-T.................. 18.................... Income from foundation RIADJ316. and endowment trust and agency accounts. RC-T.................. 19.................... Income from other RIADA480. fiduciary accounts. RC-T.................. 20.................... Income from custody and RIADB909. safekeeping accounts. RC-T.................. 21.................... Other fiduciary and RIADB910. related services income. RC-T.................. 22.................... Total gross fiduciary RIAD4070. and related services income. RC-T.................. 23.................... Less: Expenses......... RIADC058. RC-T.................. 24.................... Less: Net losses from RIADA488. fiduciary and related services. RC-T.................. 25.................... Plus: Intracompany RIADB911. income credits for fiduciary and related services. RC-T.................. 26.................... Net fiduciary and RIADA491. related services income. ---------------------------------------------------------------------------------------------------------------- To be completed by banks with collective investment funds and common trust funds with a total market value of $1 billion or more as of the preceding December 31. ---------------------------------------------------------------------------------------------------------------- Schedule Item Item name MDRM No. ---------------------------------------------------------------------------------------------------------------- RC-T.................. M3.a.................. Collective investment RCONB931, RCONB932. funds and common trust funds: Domestic equity (Columns A and B). RC-T.................. M3.b.................. Collective investment RCONB933, RCONB934. funds and common trust funds: International/ Global equity (Columns A and B). RC-T.................. M3.c.................. Collective investment RCONB935, RCONB936. funds and common trust funds: Stock/Bond blend (Columns A and B). RC-T.................. M3.d.................. Collective investment RCONB937, RCONB938. funds and common trust funds: Taxable bond (Columns A and B). RC-T.................. M3.e.................. Collective investment RCONB939, RCONB940. funds and common trust funds: Municipal bond (Columns A and B). RC-T.................. M3.f.................. Collective investment RCONB941, RCONB942. funds and common trust funds: Short-term investments/Money market (Columns A and B). RC-T.................. M3.g.................. Collective investment RCONB943, RCONB944. funds and common trust funds: Specialty/Other (Columns A and B). ---------------------------------------------------------------------------------------------------------------- Appendix C FFIEC 041: To Be Completed by Banks With Domestic Offices Only and Consolidated Total Assets Less Than $100 Billion, Except Those Banks That File the FFIEC 051 Data Items Removed, Other Impacts to Data Items, or New or Increased Reporting Threshold Data Items Removed [[Page 51923]] ---------------------------------------------------------------------------------------------------------------- Schedule Item Item name MDRM No. ---------------------------------------------------------------------------------------------------------------- RC-A.................. 2.a................... Balances due from U.S. RCON0083. branches and agencies of foreign banks. RC-A.................. 2.b................... Balances due from other RCON0085. commercial banks in the U.S. and other depository institutions in the U.S. Note: Items 2.a and 2.b of Schedule RC-A will be combined into one data item (new item 2). RC-A.................. 3.a................... Balances due from RCON0073. foreign branches of other U.S. banks. RC-A.................. 3.b................... Balances due from other RCON0074. banks in foreign countries and foreign central banks. Note: Items 3.a and 3.b of Schedule RC-A will be combined into one data item (new item 3). RC-F.................. 3.a................... Interest-only strips RCONA519. receivable (not in the form of a security) on mortgage loans. RC-F.................. 3.b................... Interest-only strips RCONA520. receivable (not in the form of a security) on other financial assets. Note: Items 3.a and 3.b of Schedule RC-F will be combined into one data item (new item 3). RC-F.................. 6.d................... Retained interests in RCONC436. accrued interest receivable related to securitized credit cards. RC-N.................. M5.b.(1).............. Loans measured at fair RCONF664, RCONF665, RCONF666. value: Fair value (Columns A through C). RC-N.................. M5.b.(2).............. Loans measured at fair RCONF667, RCONF668, RCONF669. value: Unpaid principal balance (Columns A through C). RC-P.................. 1.a................... Retail originations RCONF066. during the quarter of 1-4 family residential mortgage loans for sale: Closed-end first liens. RC-P.................. 1.b................... Retail originations RCONF067. during the quarter of 1-4 family residential mortgage loans for sale: Closed-end junior liens. RC-P.................. 1.c.(1)............... Retail originations RCONF670. during the quarter of 1-4 family residential mortgage loans for sale: Open-end loans extended under lines of credit: Total commitment under the lines of credit. Note: Items 1.a, 1.b, and 1.c.(1) of Schedule RC-P will be combined into one data item (new item 1). RC-P.................. 1.c.(2)............... Retail originations RCONF671. during the quarter of 1-4 family residential mortgage loans for sale: Open-end loans extended under lines of credit: Principal amount funded under the lines of credit. RC-P.................. 2.a................... Wholesale originations RCONF068. and purchases during the quarter of 1-4 family residential mortgage loans for sale: Closed-end first liens. RC-P.................. 2.b................... Wholesale originations RCONF069. and purchases during the quarter of 1-4 family residential mortgage loans for sale: Closed-end junior liens. RC-P.................. 2.c.(1)............... Wholesale originations RCONF672. and purchases during the quarter of 1-4 family residential mortgage loans for sale: Open-end loans extended under lines of credit: Total commitment under the lines of credit. Note: Items 2.a, 2.b, and 2.c.(1) of Schedule RC-P will be combined into one data item (new item 2). RC-P.................. 2.c.(2)............... Wholesale originations RCONF673. and purchases during the quarter of 1-4 family residential mortgage loans for sale: Open-end loans extended under lines of credit: Principal amount funded under the lines of credit. RC-P.................. 3.a................... 1-4 family residential RCONF070. mortgage loans sold during the quarter: Closed-end first liens. RC-P.................. 3.b................... 1-4 family residential RCONF071. mortgage loans sold during the quarter: Closed-end junior liens. RC-P.................. 3.c.(1)............... 1-4 family residential RCONF674. mortgage loans sold during the quarter: Total commitment under the lines of credit. Note: Items 3.a, 3.b, and 3.c.(1) of Schedule RC-P will be combined into one data item (new item 3). RC-P.................. 3.c.(2)............... 1-4 family residential RCONF675. mortgage loans sold during the quarter: Principal amount funded under the lines of credit. RC-P.................. 4.a................... 1-4 family residential RCONF072. mortgage loans held for sale or trading at quarter-end: Closed- end first liens. RC-P.................. 4.b................... 1-4 family residential RCONF073. mortgage loans held for sale or trading at quarter-end: Closed- end junior liens. RC-P.................. 4.c.(1)............... 1-4 family residential RCONF676. mortgage loans held for sale or trading at quarter-end: Total commitment under the lines of credit. Note: Items 4.a, 4.b, and 4.c.(1) of Schedule RC-P will be combined into one data item (new item 4). RC-P.................. 4.c.(2)............... 1-4 family residential RCONF677. mortgage loans held for sale or trading at quarter-end: Principal amount funded under the lines of credit. RC-P.................. 5.a................... Noninterest income for RIADF184. the quarter from the sale, securitization, and servicing of 1-4 family residential mortgage loans: Closed- end 1-4 family residential mortgage loans. RC-P.................. 5.b................... Noninterest income for RIADF560. the quarter from the sale, securitization, and servicing of 1-4 family residential mortgage loans: Open- end 1-4 family residential mortgage loans extended under lines of credit. Note: Items 5.a and 5.b of Schedule RC-P will be combined into one data item (new item 5). [[Page 51924]] RC-P.................. 6.a................... Repurchases and RCONF678. indemnifications of 1- 4 family residential mortgage loans during the quarter: Closed- end first liens. RC-P.................. 6.b................... Repurchases and RCONF679. indemnifications of 1- 4 family residential mortgage loans during the quarter: Closed- end junior liens. RC-P.................. 6.c.(1)............... Repurchases and RCONF680. indemnifications of 1- 4 family residential mortgage loans during the quarter: Total commitment under the lines of credit. Note: Items 6.a, 6.b, and 6.c.(1) of Schedule RC-P will be combined into one data item (new item 6). RC-P.................. 6.c.(2)............... Repurchases and RCONF681. indemnifications of 1- 4 family residential mortgage loans during the quarter: Principal amount funded under the lines of credit. RC-Q.................. 2..................... Federal funds sold and RCONG478, RCONG479, RCONG480, RCONG481, securities purchased RCONG482. under agreements to resell (Columns A through E). Note: Item 2 of Schedule RC-Q will be included in item 6, All other assets. RC-Q.................. 9..................... Federal funds purchased RCONG507, RCONG508, RCONG509, RCONG510, and securities sold RCONG511. under agreements to repurchase (Columns A through E). RC-Q.................. 11.................... Other borrowed money RCONG521, RCONG522, RCONG523, RCONG524, (Columns A through E). RCONG525. RC-Q.................. 12.................... Subordinated notes and RCONG526, RCONG527, RCONG528, RCONG529, debentures (Columns A RCONG530. through E). Note: Items 9, 11 and 12 of Schedule RC-Q will be included in item 13, All other liabilities. RC-Q.................. M3.a.(1).............. Loans measured at fair RCONF578. value: Construction, land development, and other land loans. RC-Q.................. M3.a.(2).............. Loans measured at fair RCONF579. value: Secured by farmland. RC-Q.................. M3.a.(4).............. Loans measured at fair RCONF583. value: Secured by multifamily (5 or more) residential properties. RC-Q.................. M3.a.(5).............. Loans measured at fair RCONF584. value: Secured by nonfarm nonresidential properties. Note: Items M3.a.(1), M3.a.(2), M3.a.(4), and M3.a.(5) of Schedule RC-Q will be combined into one data item (new item M3.a.(2)). RC-Q.................. M3.a.(3)(a)........... Loans measured at fair RCONF580. value: Revolving, open- end loans secured by 1- 4 family residential properties and extended under lines of credit. RC-Q.................. M3.a.(3)(b)(1)........ Loans measured at fair RCONF581. value: Closed-end loans secured by 1-4 family residential properties: Secured by first liens. RC-Q.................. M3.a.(3)(b)(2)........ Loans measured at fair RCONF582. value: Closed-end loans secured by 1-4 family residential properties: Secured by junior liens. Note: Items M3.a.(3)(a), M3.a.(3)(b)(1), and M3.a.(3)(b)(2) of Schedule RC-Q will be combined into one data item (new item M3.a.(1)). RC-Q.................. M3.c.(1).............. Loans measured at fair RCONF586. value: Credit cards. RC-Q.................. M3.c.(2).............. Loans measured at fair RCONF587. value: Other revolving credit plans. RC-Q.................. M3.c.(3).............. Loans measured at fair RCONK196. value: Automobile loans. RC-Q.................. M3.c.(4).............. Loans measured at fair RCONK208. value: Other consumer loans. Note: Items M3.c.(1), M3.c.(2), M3.c.(3), and M3.c.(4) of Schedule RC-Q will be combined into one data item (new item M3.c). RC-Q.................. M4.a.(1).............. Unpaid principal RCONF590. balance of loans measured at fair value: Construction, land development, and other land loans. RC-Q.................. M4.a.(2).............. Unpaid principal RCONF591. balance of loans measured at fair value: Secured by farmland. RC-Q.................. M4.a.(4).............. Unpaid principal RCONF595. balance of loans measured at fair value: Secured by multifamily (5 or more) residential properties. RC-Q.................. M4.a.(5).............. Unpaid principal RCONF596. balance of loans measured at fair value: Secured by nonfarm nonresidential properties. Note: Items M4.a.(1), M4.a.(2), M4.a.(4), and M4.a(5) of Schedule RC-Q will be combined into one data item (new item M4.a.(2)). RC-Q.................. M4.a.(3)(a)........... Unpaid principal RCONF592. balance of loans measured at fair value: Revolving, open- end loans secured by 1- 4 family residential properties and extended under lines of credit. RC-Q.................. M4.a.(3)(b)(1)........ Unpaid principal RCONF593. balance of loans measured at fair value: Closed-end loans secured by 1-4 family residential properties: Secured by first liens. RC-Q.................. M4.a.(3)(b)(2)........ Unpaid principal RCONF594. balance of loans measured at fair value: Closed-end loans secured by 1-4 family residential properties: Secured by junior liens. Note: Items M4.a.(3)(a), M4.a.(3)(b)(1), and M4.a.(3)(b)(2) of Schedule RC-Q will be combined into one data item (new item M4.a.(1)). RC-Q.................. M4.c.(1).............. Unpaid principal RCONF598. balance of loans measured at fair value: Credit cards. RC-Q.................. M4.c.(2).............. Unpaid principal RCONF599. balance of loans measured at fair value: Other revolving credit plans. RC-Q.................. M4.c.(3).............. Unpaid principal RCONK195. balance of loans measured at fair value: Automobile loans. RC-Q.................. M4.c.(4).............. Unpaid principal RCONK209. balance of loans measured at fair value: Other consumer loans. Note: Items M4.c.(1), M4.c.(2), M4.c.(3), and M4.c.(4) of Schedule RC-Q will be combined into one data item (new item M4.c). [[Page 51925]] RC-S.................. 1..................... Outstanding principal RCONB706, RCONB707, RCONB708, RCONB709, balance of assets sold RCONB710. and securitized by the reporting bank with servicing retained or with recourse or other seller-provided credit enhancements (Columns B through F). Note: Item 1, Columns B through F, of Schedule RC-S will be included in item 1, Column G. RC-S.................. 2.a................... Maximum amount of RCONB712, RCONB713, RCONB714, RCONB715, credit exposure RCONB716, RCONB717, RCONB718. arising from recourse or other seller- provided credit enhancements provided to structures reported in item 1 in the form of: Credit-enhancing interest-only strips (Columns A through G). RC-S.................. 2.b................... Maximum amount of RCONC393, RCONC394, RCONC395, RCONC396, credit exposure RCONC397, RCONC398, RCONC399. arising from recourse or other seller- provided credit enhancements provided to structures reported in item 1 in the form of: Subordinated securities and other residual interests (Columns A through G). RC-S.................. 2.c................... Maximum amount of RCONC400, RCONC401, RCONC402, RCONC403, credit exposure RCONC404, RCONC405, RCONC406. arising from recourse or other seller- provided credit enhancements provided to structures reported in item 1 in the form of: Standby letters of credit and other enhancements (Columns A through G). Note: Items 2.a, 2.b, and 2.c, Columns A and G, of Schedule RC-S will be combined into one data item (new item 2) for Columns A and G. RC-S.................. 3..................... Reporting bank's unused RCONB726, RCONB727, RCONB728, RCONB729, commitments to provide RCONB730, RCONB731, RCONB732. liquidity to structures reported in item 1 (Columns A through G). RC-S.................. 4.a................... Past due loan amounts RCONB734, RCONB735, RCONB736, RCONB737, included in item 1: 30- RCONB738. 89 days past due (Columns B through F). Note: Item 4.a, Columns B through F, of Schedule RC-S will be included in item 4.a, Column G. RC-S.................. 4.b................... Past due loan amounts RCONB741, RCONB742, RCONB743, RCONB744, included in item 1: 90 RCONB745. days or more past due (Columns B through F). Note: Item 4.b, Columns B through F, of Schedule RC-S will be included in item 4.b, Column G. RC-S.................. 5.a................... Charge-offs and RIADB748, RIADB749, RIADB750, RIADB751, recoveries on assets RIADB752. sold and securitized with servicing retained or with recourse or other seller-provided credit enhancements: Charge- offs (Columns B through F). Note: Item 5.a, Columns B through F, of Schedule RC-S will be included in item 5.a, Column G. RC-S.................. 5.b................... Charge-offs and RIADB755, RIADB756, RIADB757, RIADB758, recoveries on assets RIADB759. sold and securitized with servicing retained or with recourse or other seller-provided credit enhancements: Recoveries (Columns B through F). Note: Item 5.b, Columns B through F, of Schedule RC-S will be included in item 5.b, Column G. RC-S.................. 6.a................... Amount of ownership (or RCONB761, RCONB762, RCONB763. seller's) interests carried as: Securities (Columns B, C, and F). RC-S.................. 6.b................... Amount of ownership (or RCONB500, RCONB501, RCONB502. seller's) interests carried as: Loans (Columns B, C, and F). Note: Items 6.a and 6.b, Columns B, C, and F, of Schedule RC-S will be combined into one data item (new item 6) for Column G. RC-S.................. 7.a................... Past due loan amounts RCONB764, RCONB765, RCONB766. included in interests reported in item 6.a: 30-89 days past due (Columns B, C, and F). RC-S.................. 7.b................... Past due loan amounts RCONB767, RCONB768, RCONB769. included in interests reported in item 6.a: 90 days or more past due (Columns B, C, and F). RC-S.................. 8.a................... Charge-offs and RIADB770, RIADB771, RIADB772. recoveries on loan amounts included in interests reported in item 6.a: 30-89 days past due (Columns B, C, and F). RC-S.................. 8.b................... Charge-offs and RIADB773, RIADB774, RIADB775. recoveries on loan amounts included in interests reported in item 6.a: 90 days or more past due (Columns B, C, and F). RC-S.................. 9..................... Maximum amount of RCONB777, RCONB778, RCONB779, RCONB780, credit exposure RCONB781. arising from credit enhancements provided by the reporting bank to other institutions' securitization structures in the form of standby letters of credit, purchased subordinated securities, and other enhancements (Columns B through F). Note: Item 9, Columns B through F, of Schedule RC-S will be included in item 9, Column G. RC-S.................. 10.................... Reporting bank's unused RCONB784, RCONB785, RCONB786, RCONB787, commitments to provide RCONB788. liquidity to other institutions' securitization structures (Columns B through F). Note: Item 10, Columns B through F, of Schedule RC-S will be included in item 10, Column G. RC-S.................. 11.................... Assets sold with RCONB791, RCONB792, RCONB793, RCONB794, recourse or other RCONB795. seller-provided credit enhancements and not securitized by the reporting bank (Columns B through F). Note: Item 11, Columns B through F, of Schedule RC-S will be included in item 11, Column G. [[Page 51926]] RC-S.................. 12.................... Maximum amount of RCONB798, RCONB799, RCONB800, RCONB801, credit exposure RCONB802. arising from recourse or other seller- provided credit enhancements provided to assets reported in item 11 (Columns B through F). Note: Item 12, Columns B through F, of Schedule RC-S will be included in item 12, Column G. RC-S.................. M1.a.................. Small business RCONA249. obligations transferred with recourse under Section 208 of the Riegle Community Development and Regulatory Improvement Act of 1994: Outstanding principal balance. Note: Item M.l.a of Schedule RC-S will be included in item 1 or item 11, Column G, as appropriate. RC-S.................. M1.b.................. Small business RCONA250. obligations transferred with recourse under Section 208 of the Riegle Community Development and Regulatory Improvement Act of 1994: Amount of retained recourse on these obligations as of the report date. Note: Item M.1.b of Schedule RC-S will be included in item 2 or 12, Column G, as appropriate. RC-V.................. All data items ABCP Conduits (Column RCONJ982, RCONJ985, RCONJ988, RCONJ991 reported for ``ABCP B). RCONJ994, RCONJ997, RCONK001, Conduits'' (Column B). RCONK004, RCONK007, RCONK010, RCONK013, RCONK016, RCONK019, RCONK022 RCONK025, RCONK028, RCONK031, RCONK034. Note: Data items currently reported for ``ABCP Conduits'' (Column B) will be included in the ``Other VIEs'' column (Column C, to be relabeled as Column B) of Schedule RC-V by line item, as reflected below. RC-V.................. 1.b................... Assets of consolidated RCONJ984, RCONJ986. variable interest entities (VIEs) that can be used only to settle obligations of the consolidated VIEs: Held-to-maturity securities (Columns A and C). RC-V.................. 1.c................... Assets of consolidated RCONJ987, RCONJ989. variable interest entities (VIEs) that can be used only to settle obligations of the consolidated VIEs: Available-for-sale securities (Columns A and C). Note: Items 1.b and 1.c, Columns A and C, of Schedule RC-V will be combined into one data item (new item 1.b) for Columns A and C (the latter to be relabeled as Column B). RC-V.................. 1.d................... Assets of consolidated RCONJ990, RCONJ992. variable interest entities (VIEs) that can be used only to settle obligations of the consolidated VIEs: Securities purchased under agreements to resell (Columns A and C). Note: Item 1.d, Columns A and C, of Schedule RC-V will be included in item 1.k, Other assets (renumbered as item 1.e), for Columns A and C (the latter to be relabeled as Column B). RC-V.................. 1.e................... Assets of consolidated RCONJ993, RCONJ995. variable interest entities (VIEs) that can be used only to settle obligations of the consolidated VIEs: Loans and leases held for sale (Column A and C). RC-V.................. 1.f................... Assets of consolidated RCONJ996, RCONJ998. variable interest entities (VIEs) that can be used only to settle obligations of the consolidated VIEs: Loans and leases held for investment (Column A and C). RC-V.................. 1.g................... Assets of consolidated RCONJ999, RCONK002. variable interest entities (VIEs) that can be used only to settle obligations of the consolidated VIEs: Less: Allowance for loan and lease losses (Columns A and C). Note: Items 1.e, 1.f, and 1.g, Columns A and C, of Schedule RC-V will be combined into one data item (new item 1.c) for Columns A and C (the latter to be relabeled as Column B). RC-V.................. 1.h................... Assets of consolidated RCONK003, RCONK005. variable interest entities (VIEs) that can be used only to settle obligations of the consolidated VIEs: Trading assets (other than derivatives) (Columns A and C). Note: Item 1.h, Columns A and C, of Schedule RC-V will be included in item 1.k, Other assets (renumbered as item 1.e), for Columns A and C (the latter to be relabeled as Column B). RC-V.................. 1.i................... Assets of consolidated RCONK006, RCONK008. variable interest entities (VIEs) that can be used only to settle obligations of the consolidated VIEs: Derivative trading assets (Columns A and C). Note: Item 1.i, Columns A and C, of Schedule RC-V will be included in item 1.k, Other assets (renumbered as item 1.e), for Columns A and C (the latter to be relabeled as Column B). RC-V.................. 2.a................... Liabilities of RCONK015, RCONK017. consolidated VIEs for which creditors do not have recourse to the general credit of the reporting bank: Securities sold under agreements to repurchase (Columns A and C). Note: Item 2.a, Columns A and C, of Schedule RC-V will be included in item 2.e, Other liabilities (renumbered as item 2.b), for Columns A and C (the latter to be relabeled as Column B). [[Page 51927]] RC-V.................. 2.b................... Liabilities of RCONK018, RCONK020. consolidated VIEs for which creditors do not have recourse to the general credit of the reporting bank: Derivative trading liabilities (Columns A and C). Note: Item 2.b, Columns A and C, of Schedule RC-V will be included in item 2.e, Other liabilities (renumbered as item 2.b), for Columns A and C (the latter to be relabeled as Column B). RC-V.................. 2.c................... Liabilities of RCONK021, RCONK023. consolidated VIEs for which creditors do not have recourse to the general credit of the reporting bank: Commercial paper (Columns A and C). Note: Item 2.c, Columns A and C, of Schedule RC-V will be included in item 2.d, Other borrowed money (renumbered as item 2.a), for Columns A and C (the latter to be relabeled as Column B). ---------------------------------------------------------------------------------------------------------------- Other Impacts to Data Items ---------------------------------------------------------------------------------------------------------------- Schedule Item Item name MDRM No. ---------------------------------------------------------------------------------------------------------------- RC-A.................. 2 (New)............... Balances due from RCON0082. depository institutions in the U.S. Note: Items 2.a. and 2.b of Schedule RC-A will be combined into this data item. RC-A.................. 3 (New)............... Balances due from banks RCON0070. in foreign countries and foreign central banks. Note: Items 3.a. and 3.b of Schedule RC-A will be combined into this data item. RC-F.................. 3 (New)............... Interest-only strips To be determined (TBD). receivable (not in the form of a security). Note: Items 3.a and 3.b of Schedule RC-F will be combined into this data item. RC-P.................. 1 (New)............... Retail originations TBD. during the quarter of 1-4 family residential mortgage loans for sale. Note: Items 1.a, 1.b, and 1.c.(1) of Schedule RC[dash]P will be combined into this data item. RC-P.................. 2 (New)............... Wholesale originations TBD. and purchases during the quarter of 1-4 family residential mortgage loans for sale. Note: Items 2.a, 2.b, and 2.c.(1) of Schedule RC[dash]P will be combined into this data item. RC-P.................. 3 (New)............... 1-4 family residential TBD. mortgage loans sold during the quarter. Note: Items 3.a, 3.b, and 3.c.(1) of Schedule RC[dash]P will be combined into this data item. RC-P.................. 4 (New)............... 1-4 family residential TBD. mortgage loans held for sale or trading at quarter-end. Note: Items 4.a, 4.b, and 4.c.(1) of Schedule RC[dash]P will be combined into this data item. RC-P.................. 5 (New)............... Noninterest income for TBD. the quarter from the sale, securitization, and servicing of 1-4 family residential mortgage loans. Note: Items 5.a and 5.b of Schedule RC-P will be combined into this data item. RC-P.................. 6 (New)............... Repurchases and TBD. indemnifications of 1- 4 family residential mortgage loans during the quarter. Note: Items 6.a, 6.b, and 6.c.(1) of Schedule RC[dash]P will be combined into this data item. RC-Q.................. M3.a.(1) (New)........ Loans measured at fair TBD. value: Secured by 1-4 family residential properties. Note: Items M3.a.(3)(a), M3.a.(3)(b)(1), and M3.a.(3)(b)(1) of Schedule RC-Q will be combined into this data item. RC-Q.................. M3.a.(2) (New)........ Loans measured at fair TBD. value: All other loans secured by real estate. Note: Items M3.a.(1), M3.a.(2), M3.a.(4), and M3.a.(5) of Schedule RC-Q will be combined into this data item. RC-Q.................. M3.c (New)............ Loans measured at fair TBD. value: Loans to individuals for household, family, and other personal expenditures. Note: Items M3.c.(1), M3.c.(2), M3.c.(3), and M3.c.(4) of Schedule RC-Q will be combined into this data item. RC-Q.................. M4.a.(1) (New)........ Unpaid principal TBD. balance of loans measured at fair value: Secured by 1-4 family residential properties. Note: Items M4.a.(3)(a), M4.a.(3)(b)(1), and M4.a.(3)(b)(2) of Schedule RC-Q will be combined into this data item. RC-Q.................. M4.a.(2) (New)........ Unpaid principal TBD. balance of loans measured at fair value: All other loans secured by real estate. Note: Items M4.a.(1), M4.a.(2), M4.a.(4), and M4.a.(5) of Schedule RC-Q will be combined into this data item. RC-Q.................. M4.c (New)............ Unpaid principal TBD. balance of loans measured at fair value: Loans to individuals for household, family, and other personal expenditures. Note: Items M4.c.(1), M4.c.(2), M4.c.(3), and M4.c.(4) of Schedule RC-Q will be combined into this data item. [[Page 51928]] RC-S.................. 2 (New)............... Maximum amount of TBD (2 MDRM numbers). credit exposure arising from recourse or other seller- provided credit enhancements provided to structures reported in item 1 (Columns A and G). Note: Items 2.a, 2.b, and 2.c, Columns A and G, of Schedule RC-S will be combined into this data item. RC-S.................. 6 (New)............... Total amount of TBD (3 MDRM Numbers). ownership (or seller's) interest carried as securities or loans (Columns B, C, and F). Note: Items 6.a and 6.b, Columns B, C, and F, of Schedule RC-S will be combined into this data item for Column G. RC-V.................. 1.b (New)............. Assets of consolidated TBD (2 MDRM Numbers). variable interest entities (VIEs) that can be used only to settle obligations of the consolidated VIEs: Securities (Columns A and C). Note: Items 1.b and 1.c, Columns A and C, of Schedule RC-V removed above will be combined into this data item for Columns A and C (the latter to be relabeled as Column B). RC-V.................. 1.c (New)............. Assets of consolidated TBD (2 MDRM Numbers). variable interest entities (VIEs) that can be used only to settle obligations of the consolidated VIEs: Loans and leases held for investment, net of allowance, and held for sale (Columns A and C). Note: Items 1.e, 1.f, and 1.g, Columns A and C, of Schedule RC-V removed above will be combined into this data item for Columns A and C (the latter to be relabeled as Column B). RC-V.................. 5 (New)............... Total assets of asset- TBD. backed commercial paper (ABCP) conduit VIEs. RC-V.................. 6 (New)............... Total liabilities of TBD. ABCP conduit VIEs. ---------------------------------------------------------------------------------------------------------------- Data Items With a New or Increased Reporting Threshold Schedule RC-P is to be completed by institutions where any of the following residential mortgage banking activities exceeds $10 million for two consecutive quarters: 1-4 family residential mortgage loan originations and purchases for resale from all sources during a calendar quarter; or 1-4 family residential mortgage loan sales during a calendar quarter; or 1-4 family residential mortgage loans held for sale or trading at calendar quarter-end. Schedule RC-Q is to be completed by banks that: (1) Have elected to report financial instruments or servicing assets and liabilities at fair value under a fair value option with changes in fair value recognized in earnings, or (2) are required to complete Schedule RC- D, Trading Assets and Liabilities. Schedule RC-T: Increase the threshold for the exemption from reporting Schedule RC-T, data items 14 through 26, from institutions with fiduciary assets of $100 million or less to institutions with fiduciary assets of $250 million or less (that do not meet the fiduciary income test for quarterly reporting). ---------------------------------------------------------------------------------------------------------------- Schedule Item Item name MDRM No. ---------------------------------------------------------------------------------------------------------------- RC-T.................. 14.................... Income from personal RIADB904. trust and agency accounts. RC-T.................. 15.a.................. Income from employee RIADB905. benefit and retirement- related trust and agency accounts: Employee benefit-- defined contribution. RC-T.................. 15.b.................. Income from employee RIADB906. benefit and retirement- related trust and agency accounts: Employee benefit-- defined benefit. RC-T.................. 15.c.................. Income from employee RIADB907. benefit and retirement- related trust and agency accounts: Other employee benefit and retirement-related accounts. RC-T.................. 16.................... Income from corporate RIADA479. trust and agency accounts. RC-T.................. 17.................... Income from investment RIADJ315. management and investment advisory agency accounts. RC-T.................. 18.................... Income from foundation RIADJ316. and endowment trust and agency accounts. RC-T.................. 19.................... Income from other RIADA480. fiduciary accounts. RC-T.................. 20.................... Income from custody and RIADB909. safekeeping accounts. RC-T.................. 21.................... Other fiduciary and RIADB910. related services income. RC-T.................. 22.................... Total gross fiduciary RIAD4070. and related services income. RC-T.................. 23.................... Less: Expenses......... RIADC058. RC-T.................. 24.................... Less: Net losses from RIADA488. fiduciary and related services. RC-T.................. 25.................... Plus: Intracompany RIADB911. income credits for fiduciary and related services. RC-T.................. 26.................... Net fiduciary and RIADA491. related services income. ---------------------------------------------------------------------------------------------------------------- To be completed by banks with collective investment funds and common trust funds with a total market value of $1 billion or more as of the preceding December 31. ---------------------------------------------------------------------------------------------------------------- Schedule Item Item name MDRM No. ---------------------------------------------------------------------------------------------------------------- RC-T.................. M3.a.................. Collective investment RCONB931, RCONB932. funds and common trust funds: Domestic equity (Columns A and B). RC-T.................. M3.b.................. Collective investment RCONB933, RCONB934. funds and common trust funds: International/ Global equity (Columns A and B). RC-T.................. M3.c.................. Collective investment RCONB935, RCONB936. funds and common trust funds: Stock/Bond blend (Columns A and B). RC-T.................. M3.d.................. Collective investment RCONB937, RCONB938. funds and common trust funds: Taxable bond (Columns A and B). [[Page 51929]] RC-T.................. M3.e.................. Collective investment RCONB939, RCONB940. funds and common trust funds: Municipal bond (Columns A and B). RC-T.................. M3.f.................. Collective investment RCONB941, RCONB942. funds and common trust funds: Short-term investments/Money market (Columns A and B). RC-T.................. M3.g.................. Collective investment RCONB943, RCONB944. funds and common trust funds: Specialty/Other (Columns A and B). ---------------------------------------------------------------------------------------------------------------- To be completed by banks with $10 billion or more in total assets. ---------------------------------------------------------------------------------------------------------------- Schedule Item Item name MDRM No. ---------------------------------------------------------------------------------------------------------------- RC-S.................. 6 (New)............... Total amount of TBD. ownership (or seller's) interest carried as securities or loans (Column G). RC-S.................. 10.................... Reporting bank's unused RCONB783, RCONB789. commitments to provide liquidity to other institutions' securitization structures (Columns A and G). RC-S.................. M3.a.(1).............. Asset-backed commercial RCONB806. paper conduits: Maximum amount of credit exposure arising from credit enhancements provided to conduit structures in the form of standby letters of credit, subordinated securities, and other enhancements: Conduits sponsored by the bank, a bank affiliate, or the bank's holding company. RC-S.................. M3.a.(2).............. Asset-backed commercial RCONB807. paper conduits: Maximum amount of credit exposure arising from credit enhancements provided to conduit structures in the form of standby letters of credit, subordinated securities, and other enhancements: Conduits sponsored by other unrelated institutions. RC-S.................. M3.b.(1).............. Asset-backed commercial RCONB808. paper conduits: Unused commitments to provide liquidity to conduit structures: Conduits sponsored by the bank, a bank affiliate, or the bank's holding company. RC-S.................. M3.b.(2).............. Asset-backed commercial RCONB809. paper conduits: Unused commitments to provide liquidity to conduit structures: Conduits sponsored by other unrelated institutions. RC-S.................. M4.................... Outstanding credit card RCONC407. fees and finance charges included in Schedule RC-S, item 1, column C. Note: With the combining of Columns B through F of item 1 of Schedule RC-S into item 1, Column G, of Schedule RC-S, the reference to column C in the caption for M4 will be changed to column G. ---------------------------------------------------------------------------------------------------------------- Appendix D FFIEC 031: To Be Completed By Banks With Domestic and Foreign Offices and Banks With Domestic Offices Only and Consolidated Total Assets of $100 Billion or More Data Items Removed, Other Impacts to Data Items, or New or Increased Reporting Threshold Data Items Removed ---------------------------------------------------------------------------------------------------------------- Schedule Item Item name MDRM No. ---------------------------------------------------------------------------------------------------------------- RC-A.................. 2.a................... Balances due from U.S. RCFD0083. branches and agencies of foreign banks (Column A). RC-A.................. 2.b................... Balances due from other RCFD0085. commercial banks in the U.S. and other depository institutions in the U.S. (Column A). Note: Items 2.a and 2.b (Column A), of Schedule RC-A will be combined into one data item (new item 2). RC-A.................. 3.a................... Balances due from RCFD0073. foreign branches of other U.S. banks (Column A). RC-A.................. 3.b................... Balances due from other RCFD0074. banks in foreign countries and foreign central banks (Column A). Note: Items 3.a and 3.b (Column A), of Schedule RC-A will be combined into one data item (new item 3). RC-F.................. 3.a................... Interest-only strips RCFDA519. receivable (not in the form of a security) on mortgage loans. RC-F.................. 3.b................... Interest-only strips RCFDA520. receivable (not in the form of a security) on other financial assets. Note: Items 3.a and 3.b of Schedule RC-F will be combined into one data item (new item 3). RC-F.................. 6.d................... Retained interests in RCFDC436. accrued interest receivable related to securitized credit cards. [[Page 51930]] RC-N.................. M5.b.(1).............. Loans measured at fair RCFDF664, RCFDF665, RCFDF666. value: Fair value (Columns A through C). RC-N.................. M5.b.(2).............. Loans measured at fair RCFDF667, RCFDF668, RCFDF669. value: Unpaid principal balance (Columns A through C). RC-P.................. 1.a................... Retail originations RCONF066. during the quarter of 1-4 family residential mortgage loans for sale: Closed-end first liens. RC-P.................. 1.b................... Retail originations RCONF067. during the quarter of 1-4 family residential mortgage loans for sale: Closed-end junior liens. RC-P.................. 1.c.(1)............... Retail originations RCONF670. during the quarter of 1-4 family residential mortgage loans for sale: Open-end loans extended under lines of credit: Total commitment under the lines of credit. Note: Items 1.a, 1.b, and 1.c.(1) of Schedule RC-P will be combined into one data item (new item 1). RC-P.................. 1.c.(2)............... Retail originations RCONF671. during the quarter of 1-4 family residential mortgage loans for sale: Open-end loans extended under lines of credit: Principal amount funded under the lines of credit. RC-P.................. 2.a................... Wholesale originations RCONF068. and purchases during the quarter of 1-4 family residential mortgage loans for sale: Closed-end first liens. RC-P.................. 2.b................... Wholesale originations RCONF069. and purchases during the quarter of 1-4 family residential mortgage loans for sale: Closed-end junior liens. RC-P.................. 2.c.(1)............... Wholesale originations RCONF672. and purchases during the quarter of 1-4 family residential mortgage loans for sale: Open-end loans extended under lines of credit: Total commitment under the lines of credit. Note: Items 2.a, 2.b, and 2.c.(1) of Schedule RC-P will be combined into one data item (new item 2). RC-P.................. 2.c.(2)............... Wholesale originations RCONF673. and purchases during the quarter of 1-4 family residential mortgage loans for sale: Open-end loans extended under lines of credit: Principal amount funded under the lines of credit. RC-P.................. 3.a................... 1-4 family residential RCONF070. mortgage loans sold during the quarter: Closed-end first liens. RC-P.................. 3.b................... 1-4 family residential RCONF071. mortgage loans sold during the quarter: Closed-end junior liens. RC-P.................. 3.c.(1)............... 1-4 family residential RCONF674. mortgage loans sold during the quarter: Total commitment under the lines of credit. Note: Items 3.a, 3.b, and 3.c.(1) of Schedule RC-P will be combined into one data item (new item 3). RC-P.................. 3.c.(2)............... 1-4 family residential RCONF675. mortgage loans sold during the quarter: Principal amount funded under the lines of credit. RC-P.................. 4.a................... 1-4 family residential RCONF072. mortgage loans held for sale or trading at quarter-end: Closed- end first liens. RC-P.................. 4.b................... 1-4 family residential RCONF073. mortgage loans held for sale or trading at quarter-end: Closed- end junior liens. RC-P.................. 4.c.(1)............... 1-4 family residential RCONF676. mortgage loans held for sale or trading at quarter-end: Total commitment under the lines of credit. Note: Items 4.a, 4.b, and 4.c.(1) of Schedule RC-P will be combined into one data item (new item 4). RC-P.................. 4.c.(2)............... 1-4 family residential RCONF677. mortgage loans held for sale or trading at quarter-end: Principal amount funded under the lines of credit. RC-P.................. 5.a................... Noninterest income for RIADF184. the quarter from the sale, securitization, and servicing of 1-4 family residential mortgage loans: Closed- end 1-4 family residential mortgage loans. RC-P.................. 5.b................... Noninterest income for RIADF560. the quarter from the sale, securitization, and servicing of 1-4 family residential mortgage loans: Open- end 1-4 family residential mortgage loans extended under lines of credit. Note: Items 5.a and 5.b of Schedule RC-P will be combined into one data item (new item 5). RC-P.................. 6.a................... Repurchases and RCONF678. indemnifications of 1- 4 family residential mortgage loans during the quarter: Closed- end first liens. RC-P.................. 6.b................... Repurchases and RCONF679. indemnifications of 1- 4 family residential mortgage loans during the quarter: Closed- end junior liens. RC-P.................. 6.c.(1)............... Repurchases and RCONF680. indemnifications of 1- 4 family residential mortgage loans during the quarter: Total commitment under the lines of credit. Note: Items 6.a, 6.b, and 6.c.(1) of Schedule RC-P will be combined into one data item (new item 6). RC-P.................. 6.c.(2)............... Repurchases and RCONF681. indemnifications of 1- 4 family residential mortgage loans during the quarter: Principal amount funded under the lines of credit. RC-Q.................. M3.a.................. Loans measured at fair RCFDF608. value: Loans secured by real estate (Column A). RC-Q.................. M3.a.(1).............. Loans measured at fair RCONF578. value: Construction, land development, and other land loans (Column B). RC-Q.................. M3.a.(2).............. Loans measured at fair RCONF579. value: Secured by farmland (Column B). RC-Q.................. M3.a.(4).............. Loans measured at fair RCONF583. value: Secured by multifamily (5 or more) residential properties (Column B). RC-Q.................. M3.a.(5).............. Loans measured at fair RCONF584. value: Secured by nonfarm nonresidential properties (Column B). [[Page 51931]] Note: Items M3.a.(1), M3.a.(2), M3.a.(4), and M3.a.(5), Column B, of Schedule RC-Q will be combined into one data item for the consolidated bank (new item M3.a.(2), Column A). RC-Q.................. M3.a.(3)(a)........... Loans measured at fair RCONF580. value: Revolving, open- end loans secured by 1- 4 family residential properties and extended under lines of credit (Column B). RC-Q.................. M3.a.(3)(b)(1)........ Loans measured at fair RCONF581. value: Closed-end loans secured by 1-4 family residential properties: Secured by first liens (Column B). RC-Q.................. M3.a.(3)(b)(2)........ Loans measured at fair RCONF582. value: Closed-end loans secured by 1-4 family residential properties: Secured by junior liens (Column B). Note: Items M3.a.(3)(a), M3.a.(3)(b)(1), and M3.a.(3)(b)(2), Column B, of Schedule RC-Q will be combined into one data item for the consolidated bank (new item M3.a.(1), Column A). RC-Q.................. M3.b.................. Loans measured at fair RCONF585. value: Commercial and industrial loans (Column B). RC-Q.................. M3.c.(1).............. Loans measured at fair RCFDF586, RCONF586. value: Credit cards (Columns A and B). RC-Q.................. M3.c.(2).............. Loans measured at fair RCFDF587, RCONF587. value: Other revolving credit plans (Columns A and B). RC-Q.................. M3.c.(3).............. Loans measured at fair RCFDK196, RCONK196. value: Automobile loans (Columns A and B). RC-Q.................. M3.c.(4).............. Loans measured at fair RCFDK208, RCONK208. value: Other consumer loans (Columns A and B). Note: Items M3.c.(1), M3.c.(2), M3.c.(3), and M3.c.(4), Column A, of Schedule RC-Q will be combined into one data item for the consolidated bank (new item M3.c, Column A). RC-Q.................. M3.d.................. Loans measured at fair RCONF589. value: Other loans (Column B). RC-Q.................. M4.a.................. Unpaid principal RCFDF609. balance of loans measured at fair value: Loans secured by real estate (Column A). RC-Q.................. M4.a.(1).............. Unpaid principal RCONF590. balance of loans measured at fair value: Construction, land development, and other land loans (Column B). RC-Q.................. M4.a.(2).............. Unpaid principal RCONF591. balance of loans measured at fair value: Secured by farmland (Column B). RC-Q.................. M4.a.(4).............. Unpaid principal RCONF595. balance of loans measured at fair value: Secured by multifamily (5 or more) residential properties (Column B). RC-Q.................. M4.a.(5).............. Unpaid principal RCONF596. balance of loans measured at fair value: Secured by nonfarm nonresidential properties (Column B). Note: Items M4.a.(1), M4.a.(2), M4.a.(4), and M4.a.(5), Column B, of Schedule RC-Q will be combined into one data item for the consolidated bank (new item M4.a.(2), Column A). RC-Q.................. M4.a.(3)(a)........... Unpaid principal RCONF592. balance of loans measured at fair value: Revolving, open- end loans secured by 1- 4 family residential properties and extended under lines of credit (Column B). RC-Q.................. M4.a.(3)(b)(1)........ Unpaid principal RCONF593. balance of loans measured at fair value: Closed-end loans secured by 1-4 family residential properties: Secured by first liens (Column B). RC-Q.................. M4.a.(3)(b)(2)........ Unpaid principal RCONF594. balance of loans measured at fair value: Closed-end loans secured by 1-4 family residential properties: Secured by junior liens (Column B). Note: Items M4.a.(3)(a), M4.a.(3)(b)(1), and M4.a.(3)(b)(2), Column B, of Schedule RC-Q will be combined into one data item for the consolidated bank (new item M4.a.(1), Column A). RC-Q.................. M4.b.................. Unpaid principal RCONF597. balance of loans measured at fair value: Commercial and industrial loans (Column B). RC-Q.................. M4.c.(1).............. Unpaid principal RCFDF598, RCONF598. balance of loans measured at fair value: Credit cards (Columns A and B). RC-Q.................. M4.c.(2).............. Unpaid principal RCFDF599, RCONF599. balance of loans measured at fair value: Other revolving credit plans (Columns A and B). RC-Q.................. M4.c.(3).............. Unpaid principal RCFDK195, RCONK195. balance of loans measured at fair value: Automobile loans (Columns A and B). RC-Q.................. M4.c.(4).............. Unpaid principal RCFDK209, RCONK209. balance of loans measured at fair value: Other consumer loans (Columns A and B). Note: Items M4.c.(1), M4.c.(2), M4.c.(3) and M4.c.(4), Column A, of Schedule RC-Q will be combined into one data item for the consolidated bank (new item M4.c, Column A). RC-Q.................. M4.d.................. Unpaid principal RCONF601. balance of loans measured at fair value: Other loans (Column B). RC-S.................. 2.a................... Maximum amount of RCFDB712, RCFDB713, RCFDB714, RCFDB715, credit exposure RCFDB716, RCFDB717, RCFDB718. arising from recourse or other seller- provided credit enhancements provided to structures reported in item 1 in the form of: Credit-enhancing interest-only strips (Columns A through G). RC-S.................. 2.b................... Maximum amount of RCFDC393, RCFDC394, RCFDC395, RCFDC396, credit exposure RCFDC397, RCFDC398, RCFDC399. arising from recourse or other seller- provided credit enhancements provided to structures reported in item 1 in the form of: Subordinated securities and other residual interests (Columns A through G). RC-S.................. 2.c................... Maximum amount of RCFDC400, RCFDC401, RCFDC402, RCFDC403, credit exposure RCFDC404, RCFDC405, RCFDC406. arising from recourse or other seller- provided credit enhancements provided to structures reported in item 1 in the form of: Standby letters of credit and other enhancements (Columns A through G). [[Page 51932]] Note: Items 2.a, 2.b, and 2.c, Columns A through G, of Schedule RC-S will be combined into one data item (new item 2) for Columns A through G. RC-S.................. 6.a................... Amount of ownership (or RCFDB761, RCFDB762, RCFDB763. seller's) interests carried as: Securities (Columns B, C and F). RC-S.................. 6.b................... Amount of ownership (or seller's) interests carried as: Loans (Columns B, C and F). Note: Items 6.a and RCFDB500, RCFDB501, RCFDB502. 6.b, Columns B, C, and F, of Schedule RC-S will be combined into one data item (new item 6).. RC-S.................. 7.a................... Past due loan amounts RCFDB764, RCFDB765, RCFDB766. included in interests reported in item 6.a: 30-89 days past due (Columns B, C, and F). RC-S.................. 7.b................... Past due loan amounts RCFDB767, RCFDB768, RCFDB769. included in interests reported in item 6.a: 90 days or more past due (Columns B, C, and F). RC-S.................. 8.a................... Charge-offs and RIADB770, RIADB771, RIADB772. recoveries on loan amounts included in interests reported in item 6.a: 30-89 days past due (Columns B, C, and F). RC-S.................. 8.b................... Charge-offs and RIADB773, RIADB774, RIADB775. recoveries on loan amounts included in interests reported in item 6.a: 90 days or more past due (Columns B, C, and F). RC-S.................. 9..................... Maximum amount of RCFDB777, RCFDB778. credit exposure arising from credit enhancements provided by the reporting bank to other institutions' securitization structures in the form of standby letters of credit, purchased subordinated securities, and other enhancements (Columns B and C). Note: Item 9, Columns B and C, of Schedule RC[dash]S will be included in item 9, Column G. RC-S.................. 10.................... Reporting bank's unused RCFDB784, RCFDB785. commitments to provide liquidity to other institutions' securitization structures (Columns B and C). Note: Item 10, Columns B and C, of Schedule RC[dash]S will be included in item 10, Column G. RC-S.................. 11.................... Assets sold with RCFDB791, RCFDB792, RCFDB793, RCFDB794, recourse or other RCFDB795. seller-provided credit enhancements and not securitized by the reporting bank (Columns B through F). Note: Item 11, Columns B through F, of Schedule RC[dash]S will be included in item 11, Column G. RC-S.................. 12.................... Maximum amount of RCFDB798, RCFDB799, RCFDB800, RCFDB801, credit exposure RCFDB802. arising from recourse or other seller- provided credit enhancements provided to assets reported in item 11 (Columns B through F). Note: Item 12, Columns B through F, of Schedule RC[dash]S will be included in item 12, Column G. RC-S.................. M1.a.................. Small business RCFDA249. obligations transferred with recourse under Section 208 of the Riegle Community Development and Regulatory Improvement Act of 1994: Outstanding principal balance. Note: Item M1.a of Schedule RC-S will be included in item 1 or item 11, Column F, as appropriate. RC-S.................. M1.b.................. Small business RCFDA250. obligations transferred with recourse under Section 208 of the Riegle Community Development and Regulatory Improvement Act of 1994: Amount of retained recourse on these obligations as of the report date. Note: Item M1.b of Schedule RC-S will be included in item 2 or item 12, Column F, as appropriate. RC-V.................. All data items ABCP Conduits (Column RCFDJ982, RCFDJ985, RCFDJ988, RCFDJ991 reported for ``ABCP B). RCFDJ994, RCFDJ997, RCFDK001, Conduits'' (Column B). RCFDK004, RCFDK007, RCFDK010, RCFDK013, RCFDK016, RCFDK019, RCFDK022 RCFDK025, RCFDK028 RCFDK031, RCFDK034. Note: Data items currently reported for ``ABCP Conduits'' (Column B) will be included in the ``Other VIEs'' column (Column C, to be relabeled as Column B) of Schedule RC-V by line item, as reflected below. RC-V.................. 1.b................... Assets of consolidated RCFDJ984, RCFDJ986. variable interest entities (VIEs) that can be used only to settle obligations of the consolidated VIEs: Held-to-maturity securities (Columns A and C). RC-V.................. 1.c................... Assets of consolidated RCFDJ987, RCFDJ989. variable interest entities (VIEs) that can be used only to settle obligations of the consolidated VIEs: Available-for-sale securities (Columns A and C). Note: Items 1.b and 1.c, Columns A and C, of Schedule RC-V will be combined into one data item (new item 1.b) for Columns A and C. RC-V.................. 1.d................... Assets of consolidated RCFDJ990, RCFDJ992. variable interest entities (VIEs) that can be used only to settle obligations of the consolidated VIEs: Securities purchased under agreements to resell (Columns A and C). Note: Item 1.d, Columns A and C, of Schedule RC-V will be included in item 1.k, Other assets (renumbered as item 1.b), for Columns A and C (the latter to be relabeled as Column B). [[Page 51933]] RC-V.................. 1.e................... Assets of consolidated RCFDJ993, RCFDJ995. variable interest entities (VIEs) that can be used only to settle obligations of the consolidated VIEs: Loans and leases held for sale (Column A and C). RC-V.................. 1.f................... Assets of consolidated RCFDJ996, RCFDJ998. variable interest entities (VIEs) that can be used only to settle obligations of the consolidated VIEs: Loans and leases held for investment (Column A and C). RC-V.................. 1.g................... Assets of consolidated RCFDJ999, RCFDK002. variable interest entities (VIEs) that can be used only to settle obligations of the consolidated VIEs: Less: Allowance for loan and lease losses (Columns A and C). Note: Items 1.e, 1.f, and 1.g, Columns A and C, of Schedule RC-V will be combined into one data item (new item 1.c) for Columns A and C (the latter to be relabeled as Column B). RC-V.................. 1.h................... Assets of consolidated RCFDK003, RCFDK005. variable interest entities (VIEs) that can be used only to settle obligations of the consolidated VIEs: Trading assets (other than derivatives) (Columns A and C). Note: Item 1.h, Columns A and C, of Schedule RC-V will be included in item 1.k (renumbered as item 1.e), Other assets, for Columns A and C (the latter to be relabeled as Column B). RC-V.................. 1.i................... Assets of consolidated RCFDK006, RCFDK008. variable interest entities (VIEs) that can be used only to settle obligations of the consolidated VIEs: Derivative trading assets (Columns A and C). Note: Item 1.i, Columns A and C, of Schedule RC-V will be included in item 1.k, Other assets (renumbered as item 1.e), for Columns A and C (the latter to be relabeled as Column B). RC-V.................. 2.a................... Liabilities of RCFDK015, RCFDK017. consolidated VIEs for which creditors do not have recourse to the general credit of the reporting bank: Securities sold under agreements to repurchase (Columns A and C). Note: Item 2.a, Columns A and C, of Schedule RC-V will be included in item 2.e, Other liabilities (renumbered as item 2.b), for Columns A and C (the latter to be relabeled as Column B). RC-V.................. 2.b................... Liabilities of RCFDK018, RCFDK020. consolidated VIEs for which creditors do not have recourse to the general credit of the reporting bank: Derivative trading liabilities (Columns A and C). Note: Item 2.b, Columns A and C, of Schedule RC-V will be included in item 2.e, Other liabilities (renumbered as item 2.b), for Columns A and C (the latter to be relabeled as Column B). RC-V.................. 2.c................... Liabilities of RCFDK021, RCFDK023. consolidated VIEs for which creditors do not have recourse to the general credit of the reporting bank: Commercial paper (Columns A and C). Note: Item 2.c, Columns A and C, of Schedule RC-V will be included in item 2.d, Other borrowed money (renumbered as item 2.a), for Columns A and C (the latter to be relabeled as Column B). ---------------------------------------------------------------------------------------------------------------- Other Impacts to Data Items ---------------------------------------------------------------------------------------------------------------- Schedule Item Item name MDRM No. ---------------------------------------------------------------------------------------------------------------- RC-A.................. 2 (New)............... Balances due from RCFD0082. depository institutions in the U.S. (Column A). Note: Items 2.a. and 2.b (Column A), of Schedule RC-A will be combined into this data item. RC-A.................. 3 (New)............... Balances due from banks RCFD0070. in foreign countries and foreign central banks (Column A). Note: Items 3.a. and 3.b (Column A), of Schedule RC-A will be combined into this data item. RC-F.................. 3 (New)............... Interest-only strips To be determined (TBD). receivable (not in the form of a security). Note: Items 3.a and 3.b of Schedule RC-F will be combined into this data item. RC-H.................. 22 (New).............. Total amount of fair TBD. value option loans held for investment and held for sale. Note: The proposed threshold change applicable to Schedule RC-Q applies to this item. RC-P.................. 1 (New)............... Retail originations TBD. during the quarter of 1-4 family residential mortgage loans for sale. Note: Items 1.a, 1.b, and 1.c.(1) of Schedule RC-P will be combined into this data item. RC-P.................. 2 (New)............... Wholesale originations TBD. and purchases during the quarter of 1-4 family residential mortgage loans for sale. Note: Items 2.a, 2.b, and 2.c.(1) of Schedule RC-P will be combined into this data item. RC-P.................. 3 (New)............... 1-4 family residential TBD. mortgage loans sold during the quarter. Note: Items 3.a, 3.b, and 3.c.(1) of Schedule RC-P will be combined into this data item. RC-P.................. 4 (New)............... 1-4 family residential TBD. mortgage loans held for sale or trading at quarter-end. [[Page 51934]] Note: Items 4.a, 4.b, and 4.c.(1) of Schedule RC-P will be combined into this data item. RC-P.................. 5 (New)............... Noninterest income for TBD. the quarter from the sale, securitization, and servicing of 1-4 family residential mortgage loans. Note: Items 5.a and 5.b of Schedule RC-P will be combined into this data item. RC-P.................. 6 (New)............... Repurchases and TBD. indemnifications of 1- 4 family residential mortgage loans during the quarter. Note: Items 6.a, 6.b, and 6.c.(1) of Schedule RC-P will be combined into this data item. RC-Q.................. M3.a.(1) (New)........ Loans measured at fair TBD. value: Secured by 1-4 family residential properties (Column A). Note: Items M3.a.(3)(a), M3.a.(3)(b)(1), and M3.a.(3)(b)(2), Column B, of Schedule RC-Q will be combined into this data item for the consolidated bank. RC-Q.................. M3.a.(2) (New)........ Loans measured at fair TBD. value: All other loans secured by real estate (Column A). Note: Items M3.a.(1), M3.a.(2), M3.a.(4), and M3.a.(5), Column B, of Schedule RC-Q will be combined into this data item for the consolidated bank. RC-Q.................. M3.c (New)............ Loans measured at fair TBD. value: Loans to individuals for household, family, and other personal expenditures (Column A). Note: Items M3.c.(1), M3.c.(2), M3.c.(3), and M3.c.(4), Column A, of Schedule RC-Q will be combined into this data item. RC-Q.................. M4.a.(1) (New)........ Unpaid principal TBD. balance of loans measured at fair value: Secured by 1-4 family residential properties (Column A). Note: Items M4.a.(3)(a), M4.a.(3)(b)(1), and M4.a.(3)(b)(2), Column B, of Schedule RC-Q will be combined into this data item for the consolidated bank. RC-Q.................. M4.a.(2) (New)........ Unpaid principal TBD. balance of loans measured at fair value: All other loans secured by real estate (Column A). Note: Items M4.a.(1), M4.a.(2), M4.a.(4), and M4.a.(5), Column B, of Schedule RC-Q will be combined into this data item for the consolidated bank. RC-Q.................. M4.c (New)............ Unpaid principal TBD. balance of loans measured at fair value: Loans to individuals for household, family, and other personal expenditures (Column A). Note: Items M4.c.(1), M4.c.(2), M4.c.(3), and M4.c.(4), Column A, of Schedule RC-Q will be combined into this data item. RC-S.................. 2 (New)............... Maximum amount of TBD (7 MDRM Numbers). credit exposure arising from recourse or other seller- provided credit enhancements provided to structures reported in item 1 (Columns A through G). Note: Items 2.a, 2.b, and 2.c, Columns A through G, of Schedule RC-S will be combined into this data item. RC-S.................. 6 (New)............... Total amount of TBD (3 MDRM Numbers). ownership (or seller's) interest carried as securities or loans (Columns B, C, and F). Note: Items 6.a and 6.b, Columns B, C, and F, of Schedule RC-S will be combined into this data item. RC-V.................. 1.b (New)............. Assets of consolidated TBD (2 MDRM Numbers). variable interest entities (VIEs) that can be used only to settle obligations of the consolidated VIEs: Securities (Columns A and C). Note: Items 1.b and 1.c, Columns A and C, of Schedule RC-V removed above will be combined into this data item for Columns A and C (the latter to be relabeled as Column B). RC-V.................. 1.c (New)............. Assets of consolidated TBD (2 MDRM Numbers). variable interest entities (VIEs) that can be used only to settle obligations of the consolidated VIEs: Loans and leases held for investment, net of allowance, and held for sale (Columns A and C). Note: Items 1.e, 1.f, and 1.g, Columns A and C, of Schedule RC-V removed above will be combined into this data item for Columns A and C (the latter to be relabeled as Column B). RC-V.................. 5 (New)............... Total assets of asset- TBD. backed commercial paper (ABCP) conduit VIEs. RC-V.................. 6 (New)............... Total liabilities of TBD. ABCP conduit VIEs. ---------------------------------------------------------------------------------------------------------------- Data Items With a New or Increased Reporting Threshold Schedule RC-P is to be completed by institutions where any of the following residential mortgage banking activities (in domestic offices) exceeds $10 million for two consecutive quarters: 1-4 family residential mortgage loan originations and purchases for resale from all sources during a calendar quarter; or 1-4 family residential mortgage loan sales during a calendar quarter; or 1-4 family residential mortgage loans held for sale or trading at calendar quarter-end. Schedule RC-Q is to be completed by banks that: (1) Have elected to report financial instruments or servicing assets and liabilities at fair value under a fair value option with changes in fair value recognized in earnings, or (2) are required to complete Schedule RC- D, Trading Assets and Liabilities. Schedule RC-T: Increase the threshold for the exemption from reporting Schedule RC-T, data items 14 through 26, from institutions with fiduciary assets of $100 million or less to institutions with fiduciary assets of $250 million or less (that do not meet the fiduciary income test for quarterly reporting). [[Page 51935]] ---------------------------------------------------------------------------------------------------------------- Schedule Item Item name MDRM No. ---------------------------------------------------------------------------------------------------------------- RC-T.................. 14.................... Income from personal RIADB904. trust and agency accounts. RC-T.................. 15.a.................. Income from employee RIADB905. benefit and retirement- related trust and agency accounts: Employee benefit-- defined contribution. RC-T.................. 15.b.................. Income from employee RIADB906. benefit and retirement- related trust and agency accounts: Employee benefit-- defined benefit. RC-T.................. 15.c.................. Income from employee RIADB907. benefit and retirement- related trust and agency accounts: Other employee benefit and retirement-related accounts. RC-T.................. 16.................... Income from corporate RIADA479. trust and agency accounts. RC-T.................. 17.................... Income from investment RIADJ315. management and investment advisory agency accounts. RC-T.................. 18.................... Income from foundation RIADJ316. and endowment trust and agency accounts. RC-T.................. 19.................... Income from other RIADA480. fiduciary accounts. RC-T.................. 20.................... Income from custody and RIADB909. safekeeping accounts. RC-T.................. 21.................... Other fiduciary and RIADB910. related services income. RC-T.................. 22.................... Total gross fiduciary RIAD4070. and related services income. RC-T.................. 23.................... Less: Expenses......... RIADC058. RC-T.................. 24.................... Less: Net losses from RIADA488 fiduciary and related services. RC-T.................. 25.................... Plus: Intracompany RIADB911. income credits for fiduciary and related services. RC-T.................. 26.................... Net fiduciary and RIADA491. related services income. ---------------------------------------------------------------------------------------------------------------- To be completed by banks with collective investment funds and common trust funds with a total market value of $1 billion or more as of the preceding December 31. ---------------------------------------------------------------------------------------------------------------- Schedule Item Item name MDRM No. ---------------------------------------------------------------------------------------------------------------- RC-T.................. M3.a.................. Collective investment RCFDB931, RCFDB932. funds and common trust funds: Domestic equity (Columns A and B). RC-T.................. M3.b.................. Collective investment RCFDB933, RCFDB934. funds and common trust funds: International/ Global equity (Columns A and B). RC-T.................. M3.c.................. Collective investment RCFDB935, RCFDB936. funds and common trust funds: Stock/Bond blend (Columns A and B). RC-T.................. M3.d.................. Collective investment RCFDB937, RCFDB938. funds and common trust funds: Taxable bond (Columns A and B). RC-T.................. M3.e.................. Collective investment RCFDB939, RCFDB940. funds and common trust funds: Municipal bond (Columns A and B). RC-T.................. M3.f.................. Collective investment RCFDB941, RCFDB942. funds and common trust funds: Short-term investments/Money market (Columns A and B). RC-T.................. M3.g.................. Collective investment RCFDB943, RCFDB944. funds and common trust funds: Specialty/Other (Columns A and B). ---------------------------------------------------------------------------------------------------------------- To be completed by banks with $10 billion or more in total assets. ---------------------------------------------------------------------------------------------------------------- Schedule Item Item name MDRM No. ---------------------------------------------------------------------------------------------------------------- RC-S.................. 6 (New)............... Total amount of TBD (3 MDRM Numbers). ownership (or seller's) interest carried as securities or loans (Columns B, C, and F). RC-S.................. 10.................... Reporting bank's unused RCFDB783, RCFDB786, RCFDB787, RCFDB788, commitments to provide RCFDB789. liquidity to other institutions' securitization structures (Columns A and D through G). RC-S.................. M3.a.(1).............. Asset-backed commercial RCFDB806. paper conduits: Maximum amount of credit exposure arising from credit enhancements provided to conduit structures in the form of standby letters of credit, subordinated securities, and other enhancements: Conduits sponsored by the bank, a bank affiliate, or the bank's holding company. RC-S.................. M3.a.(2).............. Asset-backed commercial RCFDB807. paper conduits: Maximum amount of credit exposure arising from credit enhancements provided to conduit structures in the form of standby letters of credit, subordinated securities, and other enhancements: Conduits sponsored by other unrelated institutions. RC-S.................. M3.b.(1).............. Asset-backed commercial RCFDB808. paper conduits: Unused commitments to provide liquidity to conduit structures: Conduits sponsored by the bank, a bank affiliate, or the bank's holding company. RC-S.................. M3.b.(2).............. Asset-backed commercial RCFDB809. paper conduits: Unused commitments to provide liquidity to conduit structures: Conduits sponsored by other unrelated institutions. RC-S.................. M4.................... Outstanding credit card RCFDC407. fees and finance charges included in Schedule RC-S, item 1, column C. ---------------------------------------------------------------------------------------------------------------- [[Page 51936]] To be completed by banks with $100 billion or more in total assets. ---------------------------------------------------------------------------------------------------------------- Schedule Item Item name MDRM No. ---------------------------------------------------------------------------------------------------------------- RC-S.................. 3..................... Reporting bank's unused RCFDB726, RCFDB727, RCFDB728, RCFDB729, commitments to provide RCFDB730, RCFDB731, RCFDB732. liquidity to structures reported in item 1 (Columns A through G). ---------------------------------------------------------------------------------------------------------------- Dated: November 2, 2017. Karen Solomon, Deputy Chief Counsel, Office of the Comptroller of the Currency. Board of Governors of the Federal Reserve System, October 31, 2017. Ann E. Misback, Secretary of the Board. Dated at Washington, DC, this 31st day of October, 2017. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2017-24310 Filed 11-7-17; 8:45 am] BILLING CODE 4810-33-6710-07;6714-01-P
![51908 Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Notices
Issued in Fort Worth, TX, on November 2, would take effect as of the June 30, • Federal eRulemaking Portal: http://
2017. 2018, report date. At the end of the www.regulations.gov. Follow the
Barbara L. Hall, comment period for this notice, the instructions for submitting comments.
FAA Information Collection Clearance comments and recommendations • Email: regs.comments@
Officer, Performance, Policy, and Records received will be reviewed to determine federalreserve.gov. Include the reporting
Management Branch, ASP–110. whether the FFIEC and the agencies form numbers in the subject line of the
[FR Doc. 2017–24332 Filed 11–7–17; 8:45 am] should modify the proposed revisions to message.
BILLING CODE 4910–13–P the FFIEC 051, FFIEC 041, and FFIEC • Fax: (202) 452–3819 or (202) 452–
031 prior to giving final approval. As 3102.
required by the PRA, the agencies will • Mail: Ann E. Misback, Secretary,
DEPARTMENT OF THE TREASURY then publish a second Federal Register Board of Governors of the Federal
notice for a 30-day comment period and Reserve System, 20th Street and
Office of the Comptroller of the submit the final FFIEC 051, FFIEC 041, Constitution Avenue NW., Washington,
Currency and FFIEC 031 to OMB for review and DC 20551.
approval. All public comments are available
FEDERAL RESERVE SYSTEM DATES: Comments must be submitted on from the Board’s Web site at
or before January 8, 2018. www.federalreserve.gov/generalinfo/
FEDERAL DEPOSIT INSURANCE ADDRESSES: Interested parties are
foia/ProposedRegs.cfm as submitted,
CORPORATION invited to submit written comments to unless modified for technical reasons.
any or all of the agencies. All comments, Accordingly, your comments will not be
Proposed Agency Information which should refer to the OMB control edited to remove any identifying or
Collection Activities; Comment number(s), will be shared among the contact information. Public comments
Request agencies. may also be viewed electronically or in
OCC: You may submit comments, paper form in Room 3515, 1801 K Street
AGENCY: Office of the Comptroller of the NW. (between 18th and 19th Streets
Currency (OCC), Treasury; Board of which should refer to ‘‘FFIEC 031,
FFIEC 041, and FFIEC 051,’’ by any of NW.), Washington, DC 20006 between
Governors of the Federal Reserve 9:00 a.m. and 5:00 p.m. on weekdays.
System (Board); and Federal Deposit the following methods:
Insurance Corporation (FDIC). • Federal eRulemaking Portal: http:// FDIC: You may submit comments,
www.regulations.gov. Follow the which should refer to ‘‘FFIEC 031,
ACTION: Joint notice and request for instructions for submitting comments. FFIEC 041, and FFIEC 051,’’ by any of
comment. • Email: regs.comments@ the following methods:
occ.treas.gov. • Agency Web site: https://
SUMMARY: In accordance with the
• Fax: (571) 465–4326. www.fdic.gov/regulations/laws/federal/.
requirements of the Paperwork • Mail: Legislative and Regulatory Follow the instructions for submitting
Reduction Act (PRA) of 1995, the OCC, Activities Division, Office of the comments on the FDIC’s Web site.
the Board, and the FDIC (the Comptroller of the Currency, 400 7th • Federal eRulemaking Portal:
‘‘agencies’’) may not conduct or Street SW., Suite 3E–218, Washington, https://www.regulations.gov. Follow the
sponsor, and the respondent is not DC 20219. instructions for submitting comments.
required to respond to, an information All comments received, including • Email: comments@FDIC.gov.
collection unless it displays a currently attachments and other supporting Include ‘‘FFIEC 031, FFIEC 041, and
valid Office of Management and Budget materials, are part of the public record FFIEC 051’’ in the subject line of the
(OMB) control number. The Federal and subject to public disclosure. Do not message.
Financial Institutions Examination include any information in your • Mail: Manuel E. Cabeza, Counsel,
Council (FFIEC), of which the agencies comment or supporting materials that Attn: Comments, Room MB–3007,
are members, has approved the you consider confidential or Federal Deposit Insurance Corporation,
agencies’ publication for public inappropriate for public disclosure. 550 17th Street NW., Washington, DC
comment of a proposal to revise the You may personally inspect and 20429.
Consolidated Reports of Condition and photocopy comments at the OCC, 400 • Hand Delivery: Comments may be
Income for a Bank with Domestic 7th Street SW., Washington, DC 20219. hand delivered to the guard station at
Offices Only and Total Assets Less Than For security reasons, the OCC requires the rear of the 550 17th Street Building
$1 Billion (FFIEC 051), the Consolidated that visitors make an appointment to (located on F Street) on business days
Reports of Condition and Income for a inspect comments. You may do so by between 7:00 a.m. and 5:00 p.m.
Bank with Domestic Offices Only calling (202) 649–6700 or, for persons Public Inspection: All comments
(FFIEC 041), and the Consolidated who are deaf or hard of hearing, TTY, received will be posted without change
Reports of Condition and Income for a (202) 649–5597. Upon arrival, visitors to https://www.fdic.gov/regulations/
Bank with Domestic and Foreign Offices will be required to present valid laws/federal/ including any personal
(FFIEC 031), which are currently government-issued photo identification information provided. Paper copies of
approved collections of information. and submit to security screening in public comments may be requested from
The Consolidated Reports of Condition order to inspect and photocopy the FDIC Public Information Center by
and Income are commonly referred to as comments. telephone at (877) 275–3342 or (703)
the Call Report. Board: You may submit comments, 562–2200.
The proposed revisions to the FFIEC which should refer to ‘‘FFIEC 031, Additionally, commenters may send a
ethrower on DSK3G9T082PROD with NOTICES
051, FFIEC 041, and FFIEC 031 Call FFIEC 041, and FFIEC 051,’’ by any of copy of their comments to the OMB
Reports would result in an overall the following methods: desk officer for the agencies by mail to
reduction in burden. In particular, the • Agency Web site: http:// the Office of Information and Regulatory
proposed revisions would delete or www.federalreserve.gov. Follow the Affairs, U.S. Office of Management and
consolidate a number of items and add instructions for submitting comments at: Budget, New Executive Office Building,
a new or raise certain existing reporting http://www.federalreserve.gov/ Room 10235, 725 17th Street NW.,
thresholds. The proposed revisions generalinfo/foia/ProposedRegs.cfm. Washington, DC 20503; by fax to (202)
VerDate Sep<11>2014 17:26 Nov 07, 2017 Jkt 244001 PO 00000 Frm 00108 Fmt 4703 Sfmt 4703 E:\FR\FM\08NON1.SGM 08NON1](https://thefederalregister.org/doc/82_FR_52123/page/1.svg)
![51910 Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Notices
Review),3 which otherwise would not included in the new FFIEC 051 when it are discussed in Sections III.A, III.B, and
have commenced until 2017. After was created. Therefore, revisions III.C, respectively.
completing this review, the agencies are proposed in this notice more The schedules reviewed in the
required to ‘‘reduce or eliminate any significantly affect schedules and data portion of the user surveys evaluated in
requirement to file information or items in the FFIEC 041 and FFIEC 031. the development of this proposal
schedules . . . (other than information In addition, as a framework for the include:
or schedules that are otherwise required actions it is undertaking, the FFIEC • Schedule RI–A—Changes in Bank
by law)’’ if the agencies determine that developed a set of guiding principles for Equity Capital
‘‘the continued collection of such use in evaluating potential additions • Schedule RI–C—Disaggregated Data
information or schedules is no longer and deletions of Call Report data items on the Allowance for Loan and Lease
necessary or appropriate.’’ 4 To provide and other revisions to the Call Report. Losses [FFIEC 031 and FFIEC 041
a foundation for the Full Review, users In general, data items collected in the only]
of Call Report data items, who are Call Report must meet three guiding • Schedule RC–A—Cash and Balances
internal staff at the FFIEC member principles: (1) The data items serve a Due from Depository Institutions
entities, participated in a series of nine long-term regulatory or public policy • Schedule RC–F—Other Assets
surveys conducted over a 19-month
purpose by assisting the FFIEC member • Schedule RC–G—Other Liabilities
period that began in mid-July 2015 and
entities in fulfilling their missions of • Schedule RC–H—Selected Balance
ended in mid-February 2017. As an Sheet Items for Domestic Offices
ensuring the safety and soundness of
integral part of these surveys, users were [FFIEC 031 only]
financial institutions and the financial
asked to fully explain the need for each
system and the protection of consumer • Schedule RC–I—Assets and Liabilities
Call Report data item they deem of IBFs [FFIEC 031 only]
financial rights, as well as agency-
essential, how the data item is used, the
specific missions affecting federally and • Schedule RC–P—1–4 Family
frequency with which it is needed, and Residential Mortgage Banking
state-chartered institutions; (2) the data
the population of institutions from Activities (in Domestic Offices)
items to be collected maximize practical
which it is needed. Call Report [FFIEC 031 and FFIEC 041 only]
utility and minimize, to the extent
schedules were placed into nine groups
practicable and appropriate, burden on • Schedule RC–Q—Assets and
and prioritized for review, generally Liabilities Measured at Fair Value on
based on the level of burden cited by financial institutions; and (3) equivalent
data items are not readily available a Recurring Basis [FFIEC 031 and
banking industry representatives. Based FFIEC 041 only]
through other means.
on the results of the user surveys and • Schedule RC–S—Servicing,
consistent with the statutory II. General Discussion of Proposed Call Securitization, and Asset Sale
requirements governing the Full Report Revisions Activities [FFIEC 031 and FFIEC 041
Review, the agencies have been only]
identifying data items to be considered As discussed above, the Call Report • Schedule RC–T—Fiduciary and
for removal, less frequent collection, schedules have been reviewed as part of Related Services
and new or revised reporting thresholds the Full Review, conducted through a • Schedule RC–V—Variable Interest
to reduce burden. series of nine user surveys. The results Entities [FFIEC 031 and FFIEC 041
Based on the results of the third and of the final portion of the surveys were only]
final portion of the user surveys and evaluated in the development of this
other information, the agencies are proposal. In addition, the results of The schedules re-evaluated in the
proposing various burden-reducing certain surveys were re-evaluated and development of this proposal include:
changes in this proposal. The schedules further burden-reducing changes were • Schedule RC–B—Securities
reviewed in the final portion of the user incorporated into this proposal. In • Schedule RC–N—Past Due and
surveys primarily include schedules developing this proposal, the agencies Nonaccrual Loans, Leases, and Other
that collect data on complex or were cognizant of the comments and Assets
specialized activities. A summary of the feedback received from the industry, • Schedule SU—Supplemental
FFIEC member entities’ uses of the data over the course of this FFIEC initiative, Information [FFIEC 051 only]
items retained in the Call Report requesting that the agencies provide Table 1 summarizes the changes
schedules covered by this portion of the relief from the burden of preparing Call already finalized and implemented as
user surveys is included in Appendix Reports. The proposed revisions to the part of the FFIEC’s community bank
A.5 Several of these schedules were not FFIEC 051, FFIEC 041, and FFIEC 031 Call Report burden-reduction initiative.
TABLE 1—DATA ITEMS REVISED AS OF MARCH 31, 2017
Finalized call report revisions 051 041 031
Items Removed, Net * .................................................................................................................. 967 60 68
Change in Item Frequency to Semiannual .................................................................................. 96 ........................ ........................
Change in Item Frequency to Annual ......................................................................................... 10 ........................ ........................
Items with a New or Increased Reporting Threshold .................................................................. ........................ 7 13
* ‘‘Items Removed, Net’’ reflects the effects of consolidating existing items, adding control totals, and, for the FFIEC 051, relocating individual
ethrower on DSK3G9T082PROD with NOTICES
items from other schedules to Schedule SU, some of which were consolidated in Schedule SU. In addition, included in this number for the FFIEC
051, approximately 300 items were items that institutions with less than $1 billion in total assets were exempt from reporting due to existing re-
porting thresholds in the FFIEC 041.
3 This review is mandated by section 604 of the 5 A summary of the FFIEC member entities’ uses Appendix A of the agencies’ Federal Register
Financial Services Regulatory Relief Act of 2006 (12 of the data items retained in the Call Report notices published on January 9, 2017 (82 FR 2444)
U.S.C. 1817(a)(11)). schedules covered by the first and second portions and June 27, 2017 (82 FR 29147), respectively.
4 12 U.S.C. 1817(a)(11)(B). of the agencies’ user surveys are included in
VerDate Sep<11>2014 17:26 Nov 07, 2017 Jkt 244001 PO 00000 Frm 00110 Fmt 4703 Sfmt 4703 E:\FR\FM\08NON1.SGM 08NON1](https://thefederalregister.org/doc/82_FR_52123/page/3.svg)
![Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Notices 51917
and 1.c into a single new item 1.b; loans collection techniques or other forms of investment for institutions with $1 billion or
and leases held for sale, loans and leases information technology; and more in total assets. The information
held for investment, and the allowance (e) Estimates of capital or start-up required to be reported in Schedule RI–C is
costs and costs of operation, consistent with disclosures required under
for loan and leases losses in items 1.e
existing U.S. GAAP in Financial Accounting
through 1.g into a single new item 1.c; maintenance, and purchase of services Standards Board (FASB) Accounting
and commercial paper and other to provide information. Standards Codification (ASC) paragraphs
borrowed money in items 2.c and 2.d Comments submitted in response to 310–10–50–11B(g) and (h).
into a single new item 2.a. In addition, this joint notice will be shared among By providing this level of detail on an
the agencies propose to remove the VIE the agencies. All comments will become individual institution’s overall ALLL, which
detail on securities purchased under a matter of public record. supports the identification of changes in its
agreements to resell in item 1.d, trading components over time, examiners can better
Appendix A perform off-site monitoring of activity within
assets (other than derivatives) in item
Summary of the FFIEC Member Entities’ the ALLL in periods between examinations
1.h, and derivative trading assets in item and when planning for examinations. Thus,
1.i. The data currently reported in these Uses of the Data Items in the Call Report
Schedules in the Portion of the User Surveys the Schedule RI–C information enables
items would be included in existing Evaluated in the Development of This examiners and agency analysts to determine
item 1.k for other assets, which would Proposal whether the institution is releasing loan loss
be renumbered as item 1.e. The agencies allowances in some loan categories and
also propose to remove the VIE detail on Schedule RI–A (Changes in Bank Equity building allowances in others. Furthermore,
securities sold under agreements to Capital) changes from period to period in the volume
Schedule RI–A collects detailed of individually evaluated loans that have
repurchase in item 2.a and derivative
information about specified categories of been determined to be impaired in each loan
trading liabilities in item 2.b; these category, and the allowance allocations to
changes in an institution’s equity capital
items would be included in existing these impaired loans, provide examiners and
during the calendar year to date. In general,
item 2.e for other liabilities, which these categories are aligned with categories analysts with an indicator of trends in the
would be renumbered as item 2.b. The typically reported on a basic statement of institution’s credit quality. This
agencies propose to consolidate and changes in equity in a set of financial understanding is critical to the agencies since
remove these items because they no statements prepared under U.S. generally the ALLL, and the direction of changes in its
longer need the current level of detail accepted accounting principles (GAAP). composition, is one of the key factors in
The FFIEC member entities’ examiners use determining an institution’s financial
on consolidated VIEs in the Call Report.
the Schedule RI–A information in their off- condition.
IV. Timing site reviews to identify and understand the The detailed ALLL information collected
sources of any significant changes in an in Schedule RI–C allows the agencies to more
The agencies propose to make the finely focus efforts related to the analysis of
institution’s capital accounts. Information on
changes in this notice effective the ALLL and credit risk management. By
dividends declared as a percentage of net
beginning with the June 30, 2018, Call income reveals the extent to which capital is reviewing the data collected in Schedule RI–
Report. The agencies invite comment on being augmented through earnings retention, C on allowance allocations by loan category
any difficulties that institutions would which is the principal source of capital for in conjunction with the past due and
expect to encounter in implementing most institutions. The banking agencies may nonaccrual data reported by loan category (in
the systems and process changes be aware of some capital transactions Schedule RC–N) that are used in a general
reported in Schedule RI–A due to licensing assessment of an institution’s credit risk
necessary to accommodate the proposed
requirements. However, for many other exposures, the agencies can better evaluate
revisions to the FFIEC 051, FFIEC 041, whether the overall level of its ALLL, and its
and FFIEC 031 as of this proposed transactions directly affecting capital such as
dividends declared and transactions with a allocations by loan category, appear
effective date. appropriate or whether supervisory follow-
parent holding company, Schedule RI–A may
The specific wording of the captions up is warranted. Together, the ALLL
be the only source of information on changes
for the new or revised Call Report data in capital aside from an on-site examination. information and past due and nonaccrual
items discussed in this proposal and the Even for capital transactions that require data factor into the assessment of the Asset
numbering of these data items should be Quality component of the CAMELS rating.15
prior agency approval, the information
regarded as preliminary. reported in Schedule RI–A serves as As an example, by using the detailed
information on the ALLL allocated to
confirmation that the institution successfully
V. Request for Comment completed the transaction (such as issuing
commercial real estate (CRE) loans,
examiners and analysts can better understand
Public comment is requested on all new stock or redeeming existing preferred
how institutions with CRE concentrations are
aspects of this joint notice. Comment is stock). The agencies also use the information
building or releasing allowances, the extent
specifically invited on: on this schedule as a starting point for
of ALLL coverage in relation to their CRE
(a) Whether the proposed revisions to reviewing compliance with statutory or
portfolios, and how this might differ among
the collections of information that are regulatory restrictions on dividends or
institutions.
holding company transactions.
the subject of this notice are necessary Schedule RI–C also assists the agencies in
The FDIC uses data items from Schedule
for the proper performance of the understanding industry trends related to the
RI–A in its estimates of losses from failures
agencies’ functions, including whether build-up or release of allowances for specific
of insured depository institutions, which
the information has practical utility; loan categories. The information supports
affects the FDIC’s loss reserve and the
(b) The accuracy of the agencies’ comparisons of ALLL levels by loan category,
resulting level of the balance in the Deposit
including the identification of differences in
estimates of the burden of the Insurance Fund.
ALLL allocations by institution size.
information collections as they are Schedule RI–C (Disaggregated Data on the Understanding how institutions’ ALLL
proposed to be revised, including the Allowance for Loan and Lease Losses) [FFIEC practices and allocations differ over time for
validity of the methodology and
ethrower on DSK3G9T082PROD with NOTICES
031 and FFIEC 041 only]
assumptions used; Schedule RI–C provides information on the 15 CAMELS is an acronym that represents the
(c) Ways to enhance the quality, components of the allowance for loan and ratings from six essential components of an
utility, and clarity of the information to lease losses (ALLL) by loan category
institution’s financial condition and operations:
be collected; Capital adequacy, asset quality, management,
disaggregated on the basis of a reporting earnings, liquidity, and sensitivity to market risk.
(d) Ways to minimize the burden of institution’s impairment measurement These components represent the primary areas
information collections on respondents, method and the related recorded investment evaluated by examiners during examinations of
including through the use of automated in loans (and, as applicable, leases) held for institutions.
VerDate Sep<11>2014 17:26 Nov 07, 2017 Jkt 244001 PO 00000 Frm 00117 Fmt 4703 Sfmt 4703 E:\FR\FM\08NON1.SGM 08NON1](https://thefederalregister.org/doc/82_FR_52123/page/10.svg)
![51918 Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Notices
particular loan categories as economic from balances under a highly stressed insurance assets and management’s
conditions change provides insight that can operating environment. Given the volatility performance of comprehensive assessments
be used to more finely tune supervisory of liability funding sources, agency of the risks of these assets, either on an off-
procedures and policies. supervisory staff assess the demands of a site basis or during examinations.
potential liquidity crisis in comparison to the Information on those individual
Schedule RC–A (Cash and Balances Due availability of funds from due from balances. components of all other assets that exceed
from Depository Institutions) [FFIEC 031 and Because the amount of liquid assets that an the Schedule RC–F disclosure threshold
FFIEC 041 only] institution should maintain is a function of helps examiners evaluate the significance of
Schedule RC–A provides data on currency the stability of its funding structure and the these items to the overall composition of the
and coin, cash items, balances due from U.S. risk characteristics of its balance sheet and balance sheet and identify risk exposures
and foreign depository institutions, and off-balance sheet activities, examiners associated with these assets. For example,
balances due from Federal Reserve Banks. monitor the level of cash and due from when examiners find the reported amount of
This information, particularly from larger balances, and changes therein from period to repossessed assets at an institution to be
institutions, is utilized for monetary policy period, by using data from Schedule RC–A as increasing, these data, taken together with
purposes and liquidity analysis purposes. part of their off-site analyses of liquidity risk. data on the volume of past due and
For monetary policy purposes, information The results of these analyses may influence nonaccrual loans reported in Schedule RC–
from Schedule RC–A is needed for analysis the supervisory strategy for an institution and N, may signal credit deterioration and the
of the relationship between institutions’ cash is an input into examination planning need for examiner follow-up with
assets and the federal funds market, and in activities necessary for scoping and staffing management. Data on repossessed assets also
the construction of the monetary aggregates the evaluation of liquidity and funds are used for the scoping of targeted consumer
and weekly estimates of cash assets. The management during examinations. compliance examinations, particularly with
Board, in conducting monetary policy, The separate breakout of balances due from respect to auto loan origination and
monitors shifts between cash accounts and banks in foreign countries and foreign central servicing.
federal funds as a measure of the banks in Schedule RC–A also aids the Data on accrued interest receivable also are
effectiveness of policy initiatives. For agencies in assessing liquidity risk arising used in the FDIC’s model that estimates
example, differences in interest rates paid on from additional or distinct banking laws and losses arising from the failure of problem
balances due from Federal Reserve Banks regulations in foreign countries and in institutions, which affects the measurement
compared to those available in the federal evaluating the currency risk and country risk of the balance of the Deposit Insurance Fund.
funds market cause shifts in the relative associated with these balances.
volumes of funds institutions hold in their Schedule RC–G (Other Liabilities)
Federal Reserve Bank accounts and federal Schedule RC–F (Other Assets) Schedule RC–G collects a breakdown of
funds sold. This can be seen in the Schedule RC–F collects a breakdown of liabilities not reported in other balance sheet
significant shrinkage in the federal funds assets not reported in other balance sheet liability categories, such as interest accrued
market over the past ten years that has been asset categories, such as deferred tax assets, and unpaid on deposits, net deferred tax
offset by increases in cash assets held. As equity securities without readily liabilities, and the allowance for credit losses
monetary policy normalizes and rates in the determinable fair values, and life insurance on off-balance sheet exposures. As with the
federal funds market increase, data in assets. This information is used in off-site other assets data collected in Schedule RC–
Schedule RC–A will allow the Board to monitoring and for pre-examination F, information reported in Schedule RC–G is
analyze how cash assets would change as the planning. A trend of rapid growth in or a used in off-site monitoring and for pre-
federal funds market responds to the significant change in the reported amount of examination planning. A trend of rapid
movement in rates. an individual category of other assets that is growth in or a significant change in the
Schedule RC–A data also serve as inputs identified through off-site monitoring may reported amount of an individual category of
into the construction of the monetary represent an area of potential concern or other liabilities that is identified through off-
aggregates and in deriving estimates of cash heightened risk and require further review site monitoring may represent an area of
assets on a weekly frequency. Cash items and assessment, either upon identification or potential concern or heightened risk and
reported in item 1 are utilized as netting at the next examination. require further review and assessment, either
components in constructing the monetary For example, a significant increase in the upon identification or at the next
aggregates. Items for cash and balances due level of accrued interest receivable may be examination.
from depository institutions are utilized to indicative of deterioration in the repayment For example, a significant increase or
benchmark comparable weekly data collected capacity of an institution’s borrowers or a decrease in the interest accrued and unpaid
by the Board from a sample of both small and relaxation of management’s loan collection on deposits would warrant examiner follow-
large depository institutions. These weekly policies and practices, which would signal up to determine the cause for this change
estimates provide timely input for more an increase in overall credit risk. Growth in from previous levels because it could
effective monitoring of institutions’ cash the amount of net deferred tax assets, indicate a change in an institution’s funding
asset positions. particularly at an institution with cumulative strategy with a consequential effect on its
Schedule RC–A provides information losses in recent years, raises questions about future earnings and its interest rate risk
about the most liquid balance sheet accounts the realizability of these assets and whether exposure. Examiner assessments of material
available to satisfy unexpected cash outflows. the need for a valuation allowance has been increases in the allowance for off-balance
Thus, information reported on balances due properly assessed. The importance of sheet credit exposures are performed to
from depository institutions, including those ensuring the appropriateness of the reported determine whether this reflects credit quality
representing correspondent banking amount of these assets is also tied to the deterioration on the part of existing
balances, are a key element in the agencies’ deductions and limits that apply to deferred customers to whom credit has been extended,
analysis of an institution’s management of tax assets under the agencies’ regulatory a loosening of underwriting practices for
liquidity risk. Such balances serve to pay the capital rules. Examiners use information on granting or renewing lines of credit, or other
institution’s daily cash letters and must be the volume of interest-only strips receivable factors, especially at banks with significant
maintained at sufficient levels to cover these in their pre-examination scoping of an credit card operations or other unfunded
obligations in the normal course of business. institution’s interest rate risk to determine commitments.
At the same time, information from Schedule the extent of this risk in preparation for an Information on those individual
ethrower on DSK3G9T082PROD with NOTICES
RC–A is particularly important for the on-site assessment. Because bank-owned life components of all other liabilities that exceed
agencies’ evaluations of an institution’s insurance exposes an institution to liquidity, the Schedule RC–G disclosure threshold
ability to effectively respond to liquidity operational, credit, interest rate, and other helps examiners evaluate the significance of
stress. Although other balance sheet assets, risks, examiners need to identify significant these items to the overall composition of the
such as debt securities, are secondary sources holdings of life insurance assets and growth balance sheet and identify risk exposures
of liquidity under normal operating in such holdings. In these circumstances, associated with these liabilities. For example,
conditions, examiners consider the examiners evaluate management’s adherence an increase in the amount of derivatives with
availability of on-balance sheet cash and due to prudent concentration limits for life negative fair values, considering changes in
VerDate Sep<11>2014 17:26 Nov 07, 2017 Jkt 244001 PO 00000 Frm 00118 Fmt 4703 Sfmt 4703 E:\FR\FM\08NON1.SGM 08NON1](https://thefederalregister.org/doc/82_FR_52123/page/11.svg)
![Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Notices 51919
the notional amounts of derivatives reported the institution’s risk profile. In addition, data mortgage loans that it has sold or otherwise
in Schedule RC–L (on the FFIEC 031 or on the volume of assets and liabilities by indemnify the loan purchaser against loss
FFIEC 041) or Schedule SU (on the FFIEC balance sheet category in domestic versus due to borrower defaults, loan defects, other
051), would lead to examiner review of an foreign offices is essential for planning and breaches of representations and warranties,
institution’s hedging activities and their staffing examinations of institutions with or other reasons, thereby exposing the
effectiveness in offsetting identified hedged foreign offices. institution to additional risk. To monitor this
risks or its strategy for entering into exposure, Schedule RC–P collects data on 1–
derivatives transactions for purposes other Schedule RC–I (Assets and Liabilities of IBFs) 4 family residential mortgage loan
than hedging because of the resulting [FFIEC 031 Only] repurchases and indemnifications during the
negative impact on earnings. Because Schedule RC–I requires the reporting, on a quarter as well as representation and
deferred compensation liabilities create fully consolidated basis, of the total assets warranty reserves for such loans that have
funding obligations, growth in the amount of and liabilities of all International Banking been sold. If off-site analysis of the reported
these liabilities that triggers disclosure in Facilities (IBFs) established by the reporting data on repurchases and indemnifications
Schedule RC–G warrants examiner review to institution, i.e., including any IBFs reveals substantial increases in recent
ensure that management is properly planning established by the institution itself or by its periods, this would be a red flag for
for the funding mechanisms to be used to Edge or Agreement subsidiaries. An IBF is a supervisory questions about the credit and
satisfy these compensation arrangements. set of asset and liability accounts, segregated operational risks arising from the
Data on interest accrued and unpaid on on the books and records of the establishing institution’s mortgage loan originations and
deposits also are used in the FDIC’s model entity, which reflect permitted international purchases as well as its ability to fund a
that estimates losses arising from the failure transactions. IBF activities are essentially higher level of loan repurchases going
of problem institutions, which affects the limited to accepting deposits from and forward than it may be accustomed to
measurement of the Deposit Insurance Fund. extending credit to foreign residents repurchase. Examiner review of the
(including banks), other IBFs, and the appropriateness of the level of representation
Schedule RC–H (Selected Balance Sheet and warranty reserves and the institution’s
institutions establishing the IBF. The general
Items for Domestic Offices) [FFIEC 031 Only] methodology for estimating the amount of
purpose of the collection of these two
Schedule RC–H provides data on selected Schedule RC–I data items is to aid in the these reserves also would be warranted.
balance sheet items held in domestic offices In addition, the data reported in Schedule
planning of examinations on the risks and
only, and complements domestic office RC–P are used in the ongoing monitoring of
activities associated with international
information collected in Schedule RC–C, Part the current volume, growth, and profitability
lending, financing instruments, and
I (Loans and Leases), Column B, and in of institutions’ 1–4 family residential
international banking conducted through an
Schedule RC–A (Cash and Balances Due from mortgage banking activities. In this regard,
IBF. These two data items also serve as high significant growth in these activities over a
Depository Institutions), Column B. This level indicators of institutions’ engagement short period of time, particularly in relation
domestic office level information is utilized in such activities between examinations. to the size of an institution, raises
for monetary policy and supervisory risk There is no other source of information on supervisory concerns as to whether the
assessment purposes. the total assets and liabilities of U.S. banking institution has implemented appropriate risk
In general, Board policymakers set U.S. institutions’ IBFs. management processes, controls, and
monetary policy to influence economic governance over its mortgage banking
activity and financial market conditions in Schedule RC–P (1–4 Family Residential
Mortgage Banking Activities in Domestic business. The extent of the increased level of
the United States. The domestic office activity will determine the nature and timing
components of the balance sheet items in Offices) [FFIEC 031 and FFIEC 041 only]
of the supervisory follow-up. More generally,
Schedule RC–H and elsewhere in the Call For institutions that meet an activity-based for examiners, the off-site monitoring of the
Report are used in this context to assess reporting threshold associated with their Schedule RC–S data and related metrics and
credit availability, banks’ funding patterns, mortgage banking activities in domestic trends provides key information for
liquidity, and investment strategies in the offices, Schedule RC–P provides data on their examination scoping and helps determine the
United States. For example, if the level of an originations, purchases, and sales of closed- allocation of mortgage-banking specialists’
institution’s consolidated holdings of U.S. end and open-end 1–4 family residential time during on-site examinations.
Treasury securities were increasing, but upon mortgages during the quarter. Institutions A substantial volume of loans and other
further review a significant portion of the providing data in Schedule RC–P also report assets held for sale in a market where the
growth reflected a rise in the amount of the the amount of closed-end and open-end 1–4 assets may not be able to be readily sold can
institution’s securities that are held in its family residential mortgage loans held for cause significant liquidity strain because of
foreign offices, such growth would not sale or trading at quarter-end as well as the the institution’s need for funding to carry
constitute direct support of either increased noninterest income for the quarter from the these assets for a greater length of time than
liquidity or a change in investment strategy sale, securitization, and servicing of these had been anticipated. Thus, the agencies use
at the institution’s domestic offices. mortgage loans. For open-end mortgage data from Schedule RC–P when assessing an
Moreover, in that case, such growth would loans, institutions report the total institution’s liquidity position by monitoring
not constitute an increase in the Board’s U.S. commitment under the line of credit. These and analyzing the extent of mortgages held
bank credit aggregate, which is based on data are collected to enhance the agencies’ for sale or trading. If there is significant
domestic-office-only holdings of institutions’ ability to monitor the nature and extent of growth in the amount of such mortgage
securities and loans. Without the domestic- institutions’ involvement with 1–4 family holdings, particularly when the Schedule
offices-only component of U.S. Treasury residential mortgage loans as originators, RC–P data reveal larger amounts of
securities, the interpretation of increases in sellers, and servicers of such loans. originations and purchases compared to
such securities holdings would be Since mortgage banking accounts for a sales, this would be an indicator that the
unnecessarily complicated; it would large source of income at many institutions, acquired loans are not selling and a basis for
otherwise be unclear to policymakers, concentrations of activities in this area pose supervisory follow-up.
analysts, and others whether such growth several types of risks. These risks include From a consumer compliance perspective,
had in fact reflected stimulation of the U.S. operational, credit, interest rate, and liquidity the agencies use Schedule RC–P data to
economy in the form of U.S. bank credit. risks, evaluations of which are critical in monitor mortgage-related metrics for
For institutions with foreign and domestic assigning appropriate CAMELS ratings for an assessing potential risks to consumers, and
ethrower on DSK3G9T082PROD with NOTICES
operations, the division of assets and funding institution. Therefore, the agencies monitor for the scheduling and scoping of
between foreign and domestic components is and analyze the Schedule RC–P data on examinations. Additionally, the agencies rely
a key element of an institution’s risk profile. institutions’ mortgage banking activities to on Schedule RC–P data for assessing an
For example, the levels of funding and assets support their assessments of various risk institution’s product lines for compliance
at such an institution that are subject to components of CAMELS ratings. For with the Community Reinvestment Act and
potentially more restrictive foreign laws and example, 1–4 family residential mortgage other fair lending regulations, particularly if
regulations and to currency risk and other banking activities may include an the institution engages in wholesale
transactional risks define a major portion of institution’s obligation to repurchase originations of mortgage loans.
VerDate Sep<11>2014 17:26 Nov 07, 2017 Jkt 244001 PO 00000 Frm 00119 Fmt 4703 Sfmt 4703 E:\FR\FM\08NON1.SGM 08NON1](https://thefederalregister.org/doc/82_FR_52123/page/12.svg)
![51920 Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Notices
Schedule RC–Q—Assets and Liabilities capital, asset quality, earnings, and liquidity event there are increasing amounts of past
Measured at Fair Value on a Recurring Basis components of CAMELS. The agencies also due loans that an institution has sold and
[FFIEC 031 and FFIEC 041 only] use data reported in Schedule RC–Q in credit securitized, additional resources can be
FASB ASC Topic 820, Fair Value risk management tools. Obtaining these data allocated to examining the institution’s
Measurement, provides guidance on how to on a quarterly basis allows for closer lending policies and practices and internal
measure fair value and establishes a three- monitoring of credit risk changes affecting controls.
level hierarchy for measuring fair value. This assets measured at fair value. The data are
Schedule RC–T (Fiduciary and Related
hierarchy prioritizes inputs used to measure also used to monitor bank performance,
Services)
fair value based on observability, giving the emerging trends, and certain mortgage
servicing assets. Schedule RC–T collects data on fiduciary
highest priority to quoted prices in active assets and accounts, income generated from
markets for identical assets or liabilities Schedule RC–S (Servicing, Securitization, those accounts and other fiduciary services,
(Level 1) and the lowest priority to and Asset Sale Activities) [FFIEC 031 and and related fiduciary activities. The amount
unobservable inputs (Level 3). FFIEC 041] of data reported in Schedule RC–T and the
Under ASC Subtopic 825–10, Financial frequency of reporting varies depending on
Instruments—Overall, ASC Subtopic 815–15, Schedule RC–S collects data on servicing,
securitization, and asset sale activities. The an institution’s total fiduciary assets and its
Derivatives and Hedging—Embedded fiduciary income. The most detail, including
Derivatives, and ASC Subtopic 860–50, majority of these data represents off-balance
sheet activities. The agencies use the data income information, is provided quarterly by
Transfers and Servicing—Servicing Assets institutions that have more than $250 million
and Liabilities, an institution may elect to provided in this schedule primarily for risk
identification and examination scoping in fiduciary assets or meet a fiduciary income
report certain assets and liabilities at fair test; other trust institutions report less
value with changes in fair value recognized purposes.
Exposures reported in Schedule RC–S can information in Schedule RC–T annually as of
in earnings. This election is generally December 31.
referred to as the fair value option. Under affect an institution’s liquidity outlook. For
example, if an institution has a commitment Trust services are an integral part of the
U.S. GAAP, certain other assets and banking business for more than 20 percent of
liabilities are required to be measured at fair to provide liquidity to its own or other
institutions’ securitization structures or has all institutions. The granularity of the data in
value on a recurring basis. Schedule RC–T, especially for the types of
Institutions that have elected to apply the provided credit enhancements in the form of
recourse or standby letters of credit for assets managed assets held in fiduciary accounts,
fair value option or have reported $10 aids the agencies in determining the
million or more in total trading assets in any it has sold or securitized, the agencies need
complexity of an institution’s fiduciary
of the four preceding calendar quarters must to consider such funding commitments to
services risk profile. Furthermore, the
report in Schedule RC–Q the amount of properly monitor and assess the full scope of
agencies use Schedule RC–T data to monitor
assets and liabilities, by major categories, that an institution’s liquidity position. This
changes in the volume and character of
are measured at fair value on a recurring schedule also captures past due amounts for
discretionary trust activity and the volume of
basis in the financial statements, along with loans the reporting institution has sold and
nondiscretionary trust activity at a trust
separate disclosure of the amount of such securitized on which it has retained servicing
institution, which facilitates their assessment
assets and liabilities whose fair values were or has provided recourse or other credit of the nature and risks of the institution’s
estimated under each of the three levels of enhancements. This past due information, fiduciary activities. The institution’s risk
the FASB’s fair value hierarchy. and trends in the past due amounts, are profile in these areas is considered during
Agency staff use the information on assets critical to the agencies’ ability to evaluate the pre-examination planning to determine the
reported at fair value in Schedule RC–Q to credit quality of the underlying assets in appropriate scoping and staffing for trust
calibrate and estimate the impact of securitization structures on an off-site basis examinations.
regulatory capital policy, as well as evaluate and timely identify any credit quality The Schedule RC–T data also are used
contemplated capital policy changes. The deterioration for supervisory follow-up, when examiners consider the ratings to be
agencies also use the Schedule RC–Q data including, if applicable, the effect of assigned to trust institutions under the
(particularly the volume of fair value option increased servicing costs on current and Uniform Interagency Trust Rating System
assets and liabilities in relation to total assets forecasted earnings. Defaulting assets (UITRS). The UITRS considers certain
and total capital, whether the volume has underlying securitization structures played a managerial, operational, financial, and
significantly increased, and whether the major role during the recent financial crisis, compliance factors that are common to all
option has begun to be applied to new so it is imperative the agencies have the institutions with fiduciary activities. Under
categories of assets or liabilities) to assist information necessary to continuously this system, the supervisory agencies
with planning the proper scoping and monitor the performance of these assets. endeavor to ensure that all institutions with
staffing of risk management safety and The agencies also use Schedule RC–S data fiduciary activities are evaluated in a
soundness examinations given the critical to analyze whether an institution has comprehensive and uniform manner, and
importance of robust risk management and adequate capital to cover losses arising from that supervisory attention is appropriately
control processes around fair value liquidity commitments or recourse focused on those institutions exhibiting
measurement. For available-for-sale obligations if the underlying assets in weaknesses in their fiduciary operations.
securities and fair value option loans, agency securitizations begin to default, especially in Schedule RC–T provides a breakdown of
staff can also compare the fair values the event of an economic downturn. In the amount and number of managed and non-
reported in Schedule RC–Q with the addition, on an industry-wide basis, changes managed accounts by the types of different
amortized cost and unpaid principal balance, in the level of activity reported in the various trust accounts. Personal trusts, employee
respectively, reported for these assets in the items of this schedule enables the agencies to benefit trusts, and corporate trusts are
Call Report to understand the extent and identify emerging trends within the reported separately because of their
direction of these measurement differences securitization sector, which supports the substantive differences in nature and risk.
and their potential effect on regulatory development, as needed, of supervisory Having a detailed breakdown between
capital should a substantial portion of these policies and related guidance for institutions managed and non-managed accounts is
assets need to be sold. The agencies also use and examiners. critical because managed accounts have
this information to evaluate the extent of Schedule RC–S is also used by the agencies greater levels of investment, legal,
Level 3 fair value measurements of certain to prepare for on-site examinations. reputational, and compliance risks compared
ethrower on DSK3G9T082PROD with NOTICES
assets and liabilities because of the extensive Specifically, the level of activity reported in to non-managed accounts, and require more
use of unobservable inputs to estimate these Schedule RC–S helps the agencies make supervisory oversight. This account
fair values, as well as to monitor trading asset examination resource decisions, such as information supports examination scoping
valuations and shifts in the fair value whether capital markets or consumer and staffing because the evaluation of
hierarchy valuation levels among trading compliance specialists are needed on-site. different types of trust accounts requires
assets over time and across capital markets. (Consumer compliance regulations apply to differences in expertise.
Information in Schedule RC–Q is also used loans an institution continues to service after Data reported by larger trust institutions on
by agency examination staff to analyze sale or securitization.) For example, in the fiduciary and related services income and on
VerDate Sep<11>2014 17:26 Nov 07, 2017 Jkt 244001 PO 00000 Frm 00120 Fmt 4703 Sfmt 4703 E:\FR\FM\08NON1.SGM 08NON1](https://thefederalregister.org/doc/82_FR_52123/page/13.svg)
![Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Notices 51921
fiduciary settlements, surcharges, and other risk activities in which they have expertise. Schedule RC–V (Variable Interest Entities)
losses provide information on the overall For example, the separately reported [FFIEC 031 and FFIEC 041 only]
profitability of the institution’s fiduciary managed asset classes of real estate mortgages Schedule RC–V collects information on an
activities and supports the assessment of the and real estate are distinctly different asset institution’s consolidated variable interest
Earnings component of the UITRS rating. classes with different risk and return profiles, entities (VIEs) as defined by FASB ASC
These assessments consider such factors as cash flows, and liquidity characteristics. Topic 810, Consolidation. The data are used
the profitability of fiduciary activities in Thus, concentrations in either of these asset in determining the extent to which an
relation to the size and scope of the classes may inform the supervisory strategy institution’s VIEs have been created as
institution’s trust product lines and its for managed fiduciary accounts, including securitization vehicles to pool and repackage
overall trust business. In addition, fiduciary
the level of specialized expertise that may be mortgages, other assets, or other credit
settlements, surcharges, and other losses
required when there are concentrations in exposures into securities that have been or
signal mishandling, operational failure, or
fraud, which pose higher than normal risk these asset classes. can be transferred to investors or for other
exposure to the institution and raise Trust institutions also report the number of purposes. Examiners and reviewers can
questions for supervisory follow-up about the corporate and municipal debt issues for quantify the level of cash and noninterest-
effectiveness of the institution’s controls over which the institution serves as trustee that bearing balances, securities, loans, and other
its fiduciary activities. These data also are are in substantive default and the assets as well as liabilities tied to VIEs that
monitored off-site and used to make interim outstanding principal amount of these debt are reflected in the amounts reported in the
rating changes in the UITRS Earnings rating issues. A substantive default occurs when the corresponding asset and liability categories
between scheduled examinations. issuer fails to make a required payment of on the parent institution’s consolidated
Data in the Schedule RC–T Memorandum interest or principal, defaults on a required balance sheet. While securitization activities
items include the market values of managed payment into a sinking fund, or is declared present many risks, the data on VIEs are
assets held in fiduciary accounts by type of particularly useful for monitoring and
bankrupt or insolvent. The occurrence of a
account and asset class and the number of examining credit risk or the risk to earnings
substantive default significantly raises the
collective investment funds and common performance from the VIEs’ activities.
risk profile for the institution serving as an Depending on the volume of an institution’s
trust funds and the market value of fund indenture trustee of a defaulted issue and can
assets by type of fund. The exercise of VIEs, VIE assets that can be used only to
result in the incurrence of significant settle obligations of the consolidated VIEs
investment discretion adds a significant expenses and the distraction of managerial
element of risk to the administration of can also impact off-site assessments of the
time and attention from other areas of trust parent institution’s liquidity position given
managed fiduciary accounts. The
administration. Thus, by monitoring the the restrictions on the use of the VIEs’ assets
breakdowns by asset class and type of fund
corporate trust data reported in Schedule for borrowing purposes. Thus, the analysis of
enable the agencies to monitor trends, both
on a trust industry-wide basis and an RC–T between examinations, the agencies are amounts reported in Schedule RC–V assists
individual trust institution basis, in how able to identify changes in the risk profile of with planning the proper scoping and
institutions with investment discretion are institutions acting as indenture trustees for staffing of examinations of institutions with
investing the assets of managed accounts and timely supervisory follow-up and appropriate activities conducted through VIEs.
investment funds. The market value examination scoping and staffing.
The existence of fiduciary activities Appendix B
breakdowns of managed assets by asset class
provide an indicator of complexity by reported in Schedule RC–T may result in FFIEC 051: To Be Completed by Banks With
separating more complex and hard-to-value scoping certain areas of review into a Domestic Offices Only and Total Assets Less
assets that carry higher levels of risk from consumer compliance examination, such as Than $1 Billion
those assets that pose less risk. These data privacy and incentive-based cross-selling.
Data Items Removed, Other Impacts to Data
also contribute to effective examination The schedule also contains essential
Items, or New or Increased Reporting
scoping and staffing so that trust examiners information for statistical and analytical
Threshold
can be assigned, and their time allocated, to purposes, including calculating the OCC
examining those more complex and higher assessments for independent trust banks. Data Items Removed
SCHEDULE RC–A, CASH AND BALANCES DUE FROM DEPOSITORY INSTITUTIONS, REMOVED
Schedule Item Item name MDRM No.
RC–B .............. 4.a.(1) ............ Residential mortgage pass-through securities: Guaranteed by GNMA (Col- RCONG300, RCONG301,
umns A through D). RCONG302, RCONG303.
RC–B .............. 4.a.(2) ............ Residential mortgage pass-through securities: Issued by FNMA and FHLMC RCONG304, RCONG305,
(Columns A through D). RCONG306, RCONG307.
Note: Items 4.a.(1) and 4.a.(2) of Schedule RC–B will be combined into one
data item (new item 4.a).
RC–F .............. 3.a .................. Interest-only strips receivable (not in the form of a security) on mortgage RCONA519.
loans.
RC–F .............. 3.b .................. Interest-only strips receivable (not in the form of a security) on other financial RCONA520.
assets.
Note: Items 3.a and 3.b of Schedule RC–F will be combined into one data
item (new item 3).
RC–F .............. 6.d .................. Retained interests in accrued interest receivable related to securitized credit RCONC436.
cards.
SU .................. 8.e .................. Outstanding credit card fees and finance charges included in retail credit RCONC407.
card receivables sold and securitized with servicing retained or with re-
course or other seller-provided credit enhancements.
ethrower on DSK3G9T082PROD with NOTICES
Other Impacts to Data Items
VerDate Sep<11>2014 17:26 Nov 07, 2017 Jkt 244001 PO 00000 Frm 00121 Fmt 4703 Sfmt 4703 E:\FR\FM\08NON1.SGM 08NON1](https://thefederalregister.org/doc/82_FR_52123/page/14.svg)
![51936 Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Notices
To be completed by banks with $100
billion or more in total assets.
Schedule Item Item name MDRM No.
RC–S .............. 3 ..................... Reporting bank’s unused commitments to provide liquidity to structures re- RCFDB726, RCFDB727,
ported in item 1 (Columns A through G). RCFDB728, RCFDB729,
RCFDB730, RCFDB731,
RCFDB732.
Dated: November 2, 2017. Reporting Template and Documentation revision to an approved information
Karen Solomon, for Covered Institutions with Total collection:
Deputy Chief Counsel, Office of the Consolidated Assets of $50 Billion or Title: Company-Run Annual Stress
Comptroller of the Currency. More under the Dodd-Frank Wall Street Test Reporting Template and
Board of Governors of the Federal Reserve Reform and Consumer Protection Act.’’ Documentation for Covered Institutions
System, October 31, 2017. DATES: Comments must be received by with Total Consolidated Assets of $50
Ann E. Misback, January 8, 2018. Billion or More under the Dodd-Frank
Wall Street Reform and Consumer
Secretary of the Board. ADDRESSES: Because paper mail in the
Protection Act.
Dated at Washington, DC, this 31st day of Washington, DC area and at the OCC is OMB Control No.: 1557–0319.
October, 2017. subject to delay, commenters are Description: Section 165(i)(2) of the
Federal Deposit Insurance Corporation. encouraged to submit comments by Dodd-Frank Wall Street Reform and
Robert E. Feldman, email, if possible. Comments may be Consumer Protection Act 1 (Dodd-Frank
Executive Secretary.
sent to: Legislative and Regulatory Act) requires certain financial
Activities Division, Office of the companies, including national banks
[FR Doc. 2017–24310 Filed 11–7–17; 8:45 am] Comptroller of the Currency, Attention: and federal savings associations, to
BILLING CODE 4810–33–6710–07;6714–01–P 1557–0319, 400 7th Street SW., Suite conduct annual stress tests 2 and
3E–218, Washington, DC 20219. In requires the primary financial regulatory
addition, comments may be sent by fax agency 3 of those financial companies to
DEPARTMENT OF THE TREASURY to (571) 465–4326 or by electronic mail issue regulations implementing the
to prainfo@occ.treas.gov. You may stress test requirements.4 A national
Office of the Comptroller of the
personally inspect and photocopy bank or federal savings association is a
Currency
comments at the OCC, 400 7 Street SW., ‘‘covered institution’’ and therefore
Agency Information Collection Washington, DC 20219. For security subject to the stress test requirements if
Activities: Revision of an Approved reasons, the OCC requires that visitors its total consolidated assets are more
Information Collection; Comment make an appointment to inspect than $10 billion. Under section
Request; Company-Run Annual Stress comments. You may do so by calling 165(i)(2), a covered institution is
Test Reporting Template and (202) 649–6700 or, for persons who are required to submit to the Board of
Documentation for Covered deaf or hearing impaired, TTY, (202) Governors of the Federal Reserve
Institutions With Total Consolidated 649–5597. Upon arrival, visitors will be System (Board) and to its primary
Assets of $50 Billion or More Under the required to present valid government- financial regulatory agency a report at
Dodd-Frank Wall Street Reform and issued photo identification and submit such time, in such form, and containing
Consumer Protection Act to security screening in order to inspect such information as the primary
and photocopy comments. financial regulatory agency may
AGENCY: Office of the Comptroller of the All comments received, including require.5 On October 9, 2012, the OCC
Currency, Treasury (OCC). attachments and other supporting published in the Federal Register a final
ACTION: Notice and request for materials, are part of the public record rule implementing the section 165(i)(2)
comment. and subject to public disclosure. Do not annual stress test requirement.6 This
include any information in your rule describes the reports and
SUMMARY: The OCC, as part of its comment or supporting materials that
continuing effort to reduce paperwork information collections required to meet
you consider confidential or the reporting requirements under
and respondent burden, invites the inappropriate for public disclosure.
general public and other federal section 165(i)(2). These information
agencies to take this opportunity to FOR FURTHER INFORMATION CONTACT: collections will be given confidential
comment on a continuing information Shaquita Merritt, OCC Clearance treatment (5 U.S.C. 552(b)(4)) to the
collection, as required by the Paperwork Officer, (202) 649–5490 or, for persons extent permitted by law.
Reduction Act of 1995 (PRA). who are deaf or hearing impaired, TTY, In 2012, the OCC first implemented
In accordance with the requirements (202) 649–5597, Legislative and the reporting templates referenced in
of the PRA, the OCC may not conduct Regulatory Activities Division, Office of the final rule. See 77 FR 49485 (August
or sponsor, and the respondent is not the Comptroller of the Currency, 400 7 16, 2012) and 77 FR 66663 (November
required to respond to, an information St. SW., Washington, DC 20219. In 6, 2012). The OCC is now revising the
collection unless it displays a currently addition, copies of the templates reporting templates as described below.
ethrower on DSK3G9T082PROD with NOTICES
valid Office of Management and Budget referenced in this notice can be found
(OMB) control number. on the OCC’s Web site under News and 1 Pub. L. 111–203, 124 Stat. 1376, July 2010.
2 12 U.S.C. 5365(i)(2)(A).
The OCC is soliciting comment Issuances (http://www.occ.treas.gov/
3 12 U.S.C. 5301(12).
concerning a revision to a regulatory tools-forms/forms/bank-operations/ 4 12 U.S.C. 5365(i)(2)(C).
reporting requirement for national banks stress-test-reporting.html). 5 12 U.S.C. 5365(i)(2)(B).
and federal savings associations titled, SUPPLEMENTARY INFORMATION: The OCC 6 77 FR 61238 (October 9, 2012) (codified at 12
‘‘Company-Run Annual Stress Test is requesting comment on the following CFR part 46).
VerDate Sep<11>2014 17:26 Nov 07, 2017 Jkt 244001 PO 00000 Frm 00136 Fmt 4703 Sfmt 4703 E:\FR\FM\08NON1.SGM 08NON1](https://thefederalregister.org/doc/82_FR_52123/page/29.svg)
Document Created: 2017-11-08 01:20:15
Document Modified: 2017-11-08 01:20:15
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Joint notice and request for comment. | |
| Dates | Comments must be submitted on or before January 8, 2018. | |
| Contact | For further information about the proposed revisions to the Call Report discussed in this notice, please contact any of the agency staff whose names appear below. In addition, copies of the Call Report forms can be obtained at the FFIEC's Web site (https://www.ffiec.gov/ffiec_report_forms.htm). | |
| FR Citation | 82 FR 51908 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR