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.
US Code:
12 USC 1817(a)
Name of Law: Federal Deposit Insurance Act
The change in burden associated with this submission is caused by changes to the Call Report requiring new or revised data items needed for administration of the Transaction Guarantee Component of the Temporary Liquidity Guarantee Program, and by a need to obtain data on reciprocal deposits to support calculation of a new financial ratio for assessment purposes.
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.