This dropping of part of an information collection is a substantive change in an existing collection. (This is so despite the fact that the change is mandated by statute and reduces the paperwork burden.)
We will be willing to entertain an emergency request for such a revision of the collection.
Inventory as of this Action
Requested
Previously Approved
03/31/2009
03/31/2009
03/31/2009
20,988
0
20,988
740,247
0
740,247
0
0
0
Insured financial institutions must provide quarterly reports of condition and income to the appropriate regulatory for supervisory, surveillance, regulatory, research, insurance assessment and informational purposes.
The Financial Services Regulatory Relief Act of 2006 (P.L. 109-351), signed into law on October 13, 2006, eliminates certain insider lending reporting requirements imposed on insured depository institutions and their insiders. As a result of this new legislation, the banking agencies need to eliminate the last page of these reporting forms. The burden associated with these data are 15 minutes per quarter. As discussed with the OMB desk officer for the banking agencies, the agencies will advise the public of the elimination of the reporting requirement in the final Federal Register notice announcing the proposed changes for 2007. In addition, the agencies will send a letter to financial institutions informing them that the data do not need to be reported effective for the December 31, 2006 as-of date.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Form FFIEC-041 Consolidated Reports of Condition and Income (Call Report)
call mod.doc
Consolidated Reports of Condition and Income (Call Report)