Vol. 76 Tuesday, No. 26 February 8, 2011

Part V

Department of the Treasury Office of the Comptroller of the Currency

Federal Reserve Board Federal Deposit Insurance Corporation Department of the Treasury Office of Thrift Supervision

Proposed Agency Information Collection Activities; Comment Requests; Intent to Discontinue and Request for Comment; Notice of Intent to Require Reporting Forms for Savings and Loan Holding Companies; Notices

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DEPARTMENT OF THE TREASURY giving final approval. The agencies will NW.) between 9 a.m. and 5 p.m. on then submit the proposal to OMB for weekdays. Office of the Comptroller of the review and approval. FDIC: You may submit comments, Currency DATES: Comments must be submitted on which should refer to ‘‘Consolidated or before April 11, 2011. Reports of Condition and Income, 3064– BOARD 0052,’’ by any of the following methods: ADDRESSES: Interested parties are • Agency Web Site: http:// FEDERAL DEPOSIT INSURANCE invited to submit written comments to www.fdic.gov/regulations/laws/federal/ CORPORATION any or all of the agencies. All comments, propose.html. Follow the instructions which should refer to the OMB control for submitting comments on the FDIC DEPARTMENT OF THE TREASURY number(s), will be shared among the Web site. agencies. • Federal eRulemaking Portal: http:// Office of Thrift Supervision OCC: You should direct all written www.regulations.gov. Follow the comments to: Communications instructions for submitting comments. Proposed Agency Information Division, Office of the Comptroller of • E-mail: [email protected]. Collection Activities; Comment the Currency, Mailstop 2–3, Attention: Include ‘‘Consolidated Reports of Request 1557–0081, 250 E Street, SW., Condition and Income, 3064–0052’’ in Washington, DC 20219. In addition, the subject line of the message. AGENCY: Office of the Comptroller of the comments may be sent by fax to (202) • Mail: Gary A. Kuiper, (202) 898– Currency (OCC), Treasury; Board of 874–5274, or by electronic mail to 3877, Counsel, Attn: Comments, Room Governors of the Federal Reserve [email protected]. You may F–1072, Federal Deposit Insurance System (Board); Federal Deposit personally inspect and photocopy Corporation, 550 17th Street, NW., Insurance Corporation (FDIC); and comments at the OCC, 250 E Street, Washington, DC 20429. Office of Thrift Supervision (OTS), SW., Washington, DC 20219. For • Hand Delivery: Comments may be Treasury. security reasons, the OCC requires that hand delivered to the guard station at ACTION: Joint notice and request for visitors make an appointment to inspect the rear of the 550 17th Street Building comment. comments. You may do so by calling (located on F Street) on business days (202) 874–4700. Upon arrival, visitors between 7 a.m. and 5 p.m. SUMMARY: In accordance with the will be required to present valid Public Inspection: All comments requirements of the Paperwork government-issued photo identification received will be posted without change Reduction Act (PRA) of 1995 (44 U.S.C. and to submit to security screening in to http://www.fdic.gov/regulations/laws/ chapter 35), the OCC, the Board, the order to inspect and photocopy federal/propose.html including any FDIC, and the OTS (the ‘‘agencies’’) may comments. personal information provided. not conduct or sponsor, and the Board: You may submit comments, Comments may be inspected at the FDIC respondent is not required to respond which should refer to ‘‘Consolidated Public Information Center, Room E– to, an information collection unless it Reports of Condition and Income (FFIEC 1002, 3501 Fairfax Drive, Arlington, VA displays a currently valid Office of 031 and 041),’’ by any of the following 22226, between 9 a.m. and 5 p.m. on Management and Budget (OMB) control methods: business days. number. The agencies, under the • Agency Web Site: http:// OTS: You may submit comments, auspices of the Federal Financial www.federalreserve.gov. Follow the identified by ‘‘1550–0023 (TFR: Institutions Examination Council, have instructions for submitting comments Conversion to ),’’ by any of approved the publication for public on the http://www.federalreserve.gov/ the following methods: comment of a proposal to require • generalinfo/foia/ProposedRegs.cfm. Federal eRulemaking Portal: http:// savings associations currently filing the • www.regulations.gov. Follow the Thrift Financial Report (TFR) to convert Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. to filing the Consolidated Reports of • E-mail address: Condition and Income (Call Report) instructions for submitting comments. • E-mail: [email protected]. beginning with the reporting period ‘‘ [email protected]. Please include 1550–0023 (TFR: ending on March 31, 2012. Conversion to Call Report)’’ in the In addition, the Board is publishing a Include reporting form number in the subject line of the message. subject line of the message and include notice of its intent to require savings your name and telephone number in the • FAX: (202) 452–3819 or (202) 452– and loan holding companies (SLHCs) to message. submit to the Board all regulatory 3102. • • Fax: (202) 906–6518. reports that are currently required to be Mail: Jennifer J. Johnson, Secretary, • Mail: Information Collection filed by bank holding companies Board of Governors of the Federal Comments, Chief Counsel’s Office, (BHCs), beginning with the reporting Reserve System, 20th Street and Office of Thrift Supervision, 1700 G period ending on March 31, 2012. See Constitution Avenue, NW., Washington, Street, NW., Washington, DC 20552, the Board’s separate Notice of Intent for DC 20551. Attention: ‘‘1550–0023 (TFR: Conversion its plans regarding SLHC reporting in All public comments are available from to Call Report).’’ today’s Federal Register. the Board’s Web site at http:// • Hand Delivery/Courier: Guard’s The TFR and the Call Report are www.federalreserve.gov/generalinfo/ Desk, East Lobby Entrance, 1700 G currently approved collections of foia/ProposedRegs.cfm as submitted, Street, NW., from 9 a.m. to 4 p.m. on information. At the end of the comment unless modified for technical reasons. business days, Attention: Information period, the comments and Accordingly, your comments will not be Collection Comments, Chief Counsel’s recommendations received will be edited to remove any identifying or Office, Attention: ‘‘1550–0023 (TFR: analyzed to determine the extent to contact information. Public comments Conversion to Call Report).’’ which the agencies should modify the may also be viewed electronically or in Instructions: All submissions received proposal for savings associations to paper in Room MP–500 of the Board’s must include the agency name and OMB convert to filing the Call Report prior to Martin Building (20th and C Streets, Control Number for this information

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collection. All comments received will Governors of the Federal Reserve Current be posted without change to the OTS System, 20th and C Streets, NW., Estimated Number of Respondents: Internet Site at http://www.ots.treas.gov/ Washington, DC 20551. 841 State member banks. pagehtml.cfm?catNumber=67&an=1, Telecommunications Device for the Deaf Estimated Time per Response: 55.19 including any personal information (TDD) users may call (202) 263–4869. burden hours. provided. FDIC: Gary A. Kuiper, Counsel, (202) Estimated Total Annual Burden: Docket: For access to the docket to 898–3877, Legal Division, Federal 185,659 burden hours. read background documents or Deposit Insurance Corporation, 550 17th Proposed: No change. comments received, go to http:// Street, NW., Washington, DC 20429. www.ots.treas.gov/ OTS: Ira L. Mills, OTS Clearance FDIC pagehtml.cfm?catNumber=67&an=1. In Officer, at [email protected], (202) OMB Number: 3064–0052. addition, you may inspect comments at 906–6531, or facsimile number (202) the Public Reading Room, 1700 G Street, 906–6518, Regulations and Legislation Current NW., by appointment. To make an Division, Chief Counsel’s Office, Office Estimated Number of Respondents: appointment for access, call (202) 906– of Thrift Supervision, 1700 G Street, 4,713 insured State nonmember banks. 5922, send an e-mail to NW., Washington, DC 20552. Estimated Time per Response: 40.42 [email protected], or send a SUPPLEMENTARY INFORMATION: The burden hours. facsimile transmission to (202) 906– agencies are proposing to revise the Estimated Total Annual Burden: 7755. (Prior notice identifying the reporting panel for the Call Report and 761,998 burden hours. to cease collection of data through all materials you will be requesting will Proposed assist us in serving you.) The OTS schedules of the TFR beginning with the schedules appointments on business reporting period ending on March 31, Estimated Number of Respondents: days between 10 a.m. and 4 p.m. In 2012. The Call Report is currently an 4,774 (4,713 insured State nonmember most cases, appointments will be approved collection of information for banks and 61 State savings available the next business day the OCC, the Board, and the FDIC. The associations). following the date we receive a request. TFR is currently an approved collection Estimated Time per Response: State Additionally, commenters may send a of information for the OTS. nonmember banks: 40.42 burden hours copy of their comments to the OMB 1. Report Title: Consolidated Reports per quarter to file. desk officer for the agencies by mail to of Condition and Income (Call Report). State savings associations: 40.42 the Office of Information and Regulatory Form Number: Call Report: FFIEC 031 burden hours per quarter to file and 188 Affairs, U.S. Office of Management and (for banks with domestic and foreign burden hours for the first year to convert Budget, New Executive Office Building, offices) and FFIEC 041 (for banks with systems and conduct training. Room 10235, 725 17th Street, NW., domestic offices only). Estimated Total Annual Burden: State Washington, DC 20503, or by fax to Frequency of Response: Quarterly. nonmember banks: 761,998 burden (202) 395–6974. Affected Public: Business or other for- hours to file. profit. State savings associations: 9,862 FOR FURTHER INFORMATION CONTACT: For burden hours to file; 11,468 burden further information about the proposal OCC hours for the first year to convert discussed in this notice, please contact OMB Number: 1557–0081. systems and conduct training. any of the agency clearance officers Current Total: 783,328 burden hours. whose names appear below. The estimated time per response for In addition, copies of the reporting Estimated Number of Respondents: the Call Report is an average that varies forms and instructions for the FFIEC 1,491 national banks. by agency because of differences in the Estimated Time per Response: 53.25 031, Consolidated Reports of Condition composition of the institutions under burden hours. and Income for a Bank with Domestic each agency’s supervision (e.g., size and Foreign Offices, can be obtained at Estimated Total Annual Burden: 317,583 burden hours. distribution of institutions, types of the FFIEC’s Web site (http:// activities in which they are engaged, www.ffiec.gov/forms031.htm). Proposed and existence of foreign offices). The Copies of the reporting forms and average reporting burden for the Call instructions for the FFIEC 041, Estimated Number of Respondents: 2,171 (1,491 national banks and 680 Report is estimated to range from 17 to Consolidated Reports of Condition and 665 hours per quarter, depending on an Income for a Bank with Domestic Federal savings associations). Estimated Time per Response: individual institution’s circumstances. Offices Only, can be obtained at the National banks: 53.25 burden hours per 2. Report Title: Thrift Financial FFIEC’s Web site (http://www.ffiec.gov/ quarter to file. Report (TFR). forms041.htm). Federal savings associations: 53.25 Form Number: OTS 1313 (for savings Copies of the reporting forms and burden hours per quarter to file and 188 associations). instructions for the TFR can be obtained burden hours for the first year to convert Frequency of Response: Quarterly; at the OTS’s Web site (http:// systems and conduct training. Annually. www.ots.treas.gov/ Estimated Total Annual Burden: Affected Public: Business or other for- ?p=ThriftFinancialReports). National banks: 317,583 burden hours profit. OCC: Mary Gottlieb, OCC Clearance to file. OTS Officer, (202) 874–5090, Legislative and Federal savings associations: 144,840 Regulatory Activities Division, Office of burden hours to file; 127,840 burden OMB Number: 1550–0023. the Comptroller of the Currency, 250 E hours for the first year to convert Current Street, SW., Washington, DC 20219. systems and conduct training. Board: Cynthia Ayouch, Acting Total: 590,263 burden hours. Estimated Number of Respondents: Federal Reserve Board Clearance 741 savings associations. Officer, (202) 452–3829, Division of Board Estimated Time per Response: 37.5 Research and Statistics, Board of OMB Number: 7100–0036. burden hours.

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Estimated Total Annual Burden: Abstract collection of financial information from 111,150 burden hours. Institutions submit Call Report and savings associations in the TFR format. Rather, the statute provides broad Proposed TFR data to the agencies each quarter for the agencies’ use in monitoring the authority for the OTS to determine the Estimated Number of Respondents: condition, performance, and risk profile requirements of periodic reports and Not applicable. of individual institutions and the bank information needs. Therefore, there is Estimated Time per Response: Not and savings association industries as a no statutory impediment to requiring applicable. whole. Call Report and TFR data savings associations to convert from the Estimated Total Annual Burden: Not provide the most current statistical data TFR to the Call Report. applicable. available for evaluating institutions’ Current Actions The burden estimates in this notice corporate applications, for identifying I. Overview above are for the quarterly filings of the areas of focus for both on-site and off- TFR and the Call Report. In addition to site examinations, and for monetary and The agencies are proposing to those filings, savings associations would other public policy purposes. The implement changes to savings incur an initial burden of converting agencies use Call Report and TFR data associations’ data reporting systems and training staff to prepare and in evaluating interstate merger and requirements beginning with the file the Call Report in place of the TFR acquisition applications to determine, as reporting period ending on March 31, as proposed. Accordingly, the burden required by law, whether the resulting 2012. These changes, which are estimates in this notice above for institution would control more than ten discussed in detail in Section II of this savings associations also include the percent of the total amount of deposits notice, are intended to provide data time to convert to filing the Call Report, of insured depository institutions in the needed for reasons of safety and including necessary systems changes United States. Call Report and TFR data soundness or other public purposes. and training staff on Call Report also are used to calculate all The proposed changes would require preparation and filing, which is institutions’ deposit insurance and savings associations to cease filing the estimated to average 188 hours. Financing Corporation assessments, and TFR and commence filing the Call As a general statement, larger national banks’ and savings Report beginning on the March 31, institutions and those with more associations’ assessments. 2012, report date. complex operations would expend a greater number of hours than smaller Effect of Recent Legislation II. Proposal To Require Savings institutions and those with less complex The Dodd-Frank Associations To File Call Report operations. An institution’s use of and Consumer Protection Act, Public A. Background service providers for the information Law 111–203 (the Dodd-Frank Act) was In making this proposal, the agencies and accounting support of key enacted into law on July 21, 2010. Title carefully reviewed the comments functions, such as credit processing, III of the Dodd-Frank Act abolishes the received by OTS in its 2007 Advance transaction processing, deposit and OTS, provides for its integration with Notice of Proposed Rulemaking (72 FR customer information, general ledger, the OCC effective as of July 21, 2011 64003, November 14, 2007) 1 regarding a and reporting should result in lower (the ‘‘transfer date’’), and transfers the possible conversion to the Call Report. burden hours for converting to the Call OTS’s functions to the OCC, the Board, In that request for information, OTS Report. Institutions with staff having and the FDIC. Under Title III of the asked commenters what information experience in preparing and filing the Dodd-Frank Act, all functions of the they needed to make an informed Call Report should incur lower initial OTS relating to Federal savings decision about the feasibility of burden hours for converting to the Call associations and rulemaking authority converting to the Call Report. Report from the TFR. for all savings associations are Though the majority of commenters A summary of the estimated initial transferred to the OCC. All functions of supported converting to the Call Report, burden hours for savings associations the OTS relating to State-chartered OTS decided in early 2008 not to regarding the proposed conversion to savings associations (other than require savings associations to convert the Call Report from the TFR is rulemaking) are transferred to the FDIC. to the Call Report. A key factor in that presented below. All functions of the OTS relating to decision was the weakening economy supervision of SLHCs (including Estimated Initial Burden of Proposal and the resulting increases in loan rulemaking) are transferred to the Board. delinquencies. Given that environment, Estimated Number of Institutions: 741 After careful review, the agencies a decision was made to let savings savings associations. believe that having common financial associations focus on asset quality Estimated Time per Institution: 188 reports and reporting processes among issues rather than diverting resources burden hours. all FDIC-insured entities would be more and attention to converting reporting efficient and would lead to more Estimated Total Burden: 139,308 systems. uniform comparisons of financial burden hours. Though the U.S. economy has not yet condition, performance, and trends General Description of Reports fully recovered from the recent severe among regulated institutions. For these recession, it is more stable than it was These information collections are reasons, the OTS is proposing to in early 2008. Further, the OTS- mandatory: 12 U.S.C. 161 (for national eliminate the TFR, and the agencies are regulated savings association (or thrift) banks), 12 U.S.C. 324 (for State member proposing to require savings industry also has stabilized since the banks), 12 U.S.C. 1817 (for insured State associations to adopt the reporting onset of the recession. The thrift nonmember commercial and savings routines and processes required of all industry posted positive earnings in banks), and 12 U.S.C. 1464 (for savings other FDIC-insured banks and savings associations). At present, except for institutions. 1 Link to November 14, 2007 proposal published selected data items, the Call Report and Section 5(v)(1) of the Home Owners’ at 72 FR 64003: http://www.ots.treas.gov/_files/ TFR are not given confidential Loan Act (12 U.S.C. 1464(v)(1)) does not commenttopics/8f697712–0718–411f-a004– treatment. contain a specific requirement for 470f790edf80.pdf.

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each of the five most recent quarters 2 2010 (75 FR 61563),3 included changes regulated entities that have a ‘‘1’’ or ‘‘2’’ after experiencing net losses from fourth that parallel proposed changes to the rating for their most recent composite quarter 2007 through second quarter Call Report as well as changes unique to rating under the Uniform Financial 2009. In addition, loss allowances and the TFR. Proposed changes unique to Institutions Rating System (UFIRS), capital have been bolstered to record or the TFR included proposed data have a ‘‘1’’ or ‘‘2’’ rating for their most near record levels. Moreover, the steep collections for classified assets by major recent UFIRS Sensitivity component increases in thrifts’ troubled assets— loan category and loan loss allowances rating, and have the means to loans 90 or more days delinquent or in by major loan category. All proposed adequately monitor and assess interest nonaccrual status plus repossessed TFR changes that increase differences rate risk through internal processes assets—which occurred during the early with the Call Report would be curtailed pursuant to current regulatory guidance part of the recession, have abated. For in an effort to reduce the initial burden and expectations. Savings associations example, the industry’s ratio of troubled of converting to the Call Report. The that decide to forego the filing of assets-to-total assets increased from 0.70 OTS also would announce the decision Schedule CMR under this provision percent at the end of 2006 to 3.65 to curtail these proposed changes in its would be required to notify their percent at the end of third quarter 2009. response to comments received applicable regional office prior to the The troubled asset ratio has eased regarding the October 5, 2010 notice; Schedule CMR filing deadline. The data slightly since that time. At the end of 2. Require no additional savings collected on Schedule CMR currently the third quarter of 2010, the thrift association-only schedules for inclusion are used as input for the OTS’s Interest industry’s troubled assets ratio stood at in the Call Report 4 upon initial Rate Risk Model (IRR Model). The 3.45 percent. The agencies believe the migration to the Call Report. The 2007 results of the IRR Model are used by economic environment and thrift proposal to convert from the TFR to the examiners and supervisory staff as an industry financial condition are now Call Report mentioned that certain aid in monitoring and gauging savings more favorable to pursue a conversion savings association-only schedules may associations’ interest rate risk. In to the Call Report. have been required in addition to the addition, the OTS currently provides Call Report filed by all other FDIC- each institution with its own IRR Model B. Efforts To Reduce Burden insured institutions. In general, these results to aid the institution’s own savings association-only schedules interest rate risk management; and The commenters not supporting the would have sought to capture 5. Propose to cease collection of conversion to the Call Report in the information collected in the TFR but not Schedule CMR beginning with the 2007 proposal typically voiced concern in the Call Report. Such schedules March 2012 reporting period. In making over burden and, more specifically the included ones for more information on this decision, the agencies again initial burden of converting to a mortgage loans, consumer loans, and reviewed the comments received by the different reporting system. The agencies classified assets. It was envisioned in OTS regarding its 2007 proposal to recognize that there will be initial 2007 that savings association-only convert from the TFR to the Call Report. burden in converting to the Call Report schedules would be added to the As previously mentioned, the majority and have estimated this burden as existing Call Report, filed through the of commenters supported the discussed above in this notice. Call Report filing process, but conversion. And although eliminating However, the agencies believe there will completed only by OTS-regulated Schedule CMR was not proposed by the be longer-term efficiencies to having a savings associations. The addition of OTS in its 2007 proposal, several common financial report among all savings association-only schedules to commenters recommended Schedule FDIC-insured entities. For savings the Call Report is no longer being sought CMR should be eliminated. Those associations, these efficiencies include or proposed; commenters typically mentioned that the availability of more staff across the 3. Provide a ‘‘mapping’’ of TFR items Schedule CMR was burdensome and industry with to Call Report items. This mapping will that requiring savings associations to experience in Call Report preparation be available on the OTS Web site at continue to file Schedule CMR in than with TFR preparation, more http://www.ots.treas.gov/ addition to the Call Report would place training opportunities available to the ?p=ThriftFinancialReports under Thrift more burden on them than on financial institution industry for Call Financial Report—TFR-to-Call Report comparably sized commercial banks and Report preparation, and more integrated Mapping on or before February 15, State-chartered savings banks. general ledger-to-Call Report processes 2011. A link to this same mapping also Moreover, those commenters also and software available to the will be made available on the FFIEC mentioned they already had their own institutions. Web site under Call Report Forms at means to gauge and monitor interest rate Efficiencies of the proposed report http://www.ffiec.gov/ risk, and therefore their receipt of IRR conversion also would extend to the ffiec_report_forms.htm. Please note the Model results could be eliminated with agencies, which would have one set of findings from this mapping exercise no disruption to their management of financial information from which to may result in future changes to the Call interest rate risk. evaluate and monitor the financial Report. Any changes to the Call Report On the other hand, some commenters condition and operations of all FDIC- will be announced in a separate notice indicated the IRR Model results were insured banks and savings associations. on which public comment will be useful, and they relied on the IRR Model results to help with managing their To help reduce the burden with requested; interest rate risk. converting reports, the proposal would: 4. Make the filing of TFR Schedule CMR during 2011 optional for all OTS- The agencies carefully weighed these 1. Curtail all proposed changes to the comments before making the decision to TFR for 2011 that would increase the 3 Link to October 5, 2010 proposal published at propose eliminating Schedule CMR differences between the TFR and the 75 FR 61563: http://edocket.access.gpo.gov/2010/ beginning with the March 2012 Call Report. Proposed changes to the pdf/2010–24883.pdf. reporting period. The agencies believe it TFR for 2011, announced on October 5, 4 The 2007 proposal kept intact the filing of Schedules CMR and HC through existing OTS filing is more efficient, for institutions filing processes. All other TFR Schedules would have the required reports and the agencies as 2 Through the third quarter 2010. been eliminated. well, to have a common financial report

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required of all FDIC-insured banks and Significant reporting differences 31, 2011 reporting period, using the savings associations. In addition, the between the TFR and the Call Report processing, editing, and validating agencies believe it is more efficient to include the following: system currently in use, which is the have a common set of policies among all 1. In the TFR, data are reported for the Electronic Filing System (EFS) FDIC-insured entities regarding the quarter ending on the report date in established by the OTS. In addition, management of interest rate risk. In this Schedule SO—Consolidated Statement SLHCs would continue to submit all regard, beginning in 2012 savings of Operations, the Summary of Changes required regulatory reports under the associations would be expected to in Savings Association Equity Capital in current SLHC reporting scheme follow the same general supervisory Schedule SI—Supplemental (including the submission of the OTS policies and guidelines regarding sound Information, Schedule VA— Form H–(b)11 and Schedule HC HOLA practices for managing interest rate risk Consolidated Valuation Allowances and 10(l)) utilizing the existing OTS as required of commercial banks and Related Data, and Schedule CF— reporting processes through the State-chartered savings banks.5 The Web Consolidated Cash Flow Information. In December 31, 2011 reporting period. links for the general interest rate risk the comparable schedules of the Call Also beginning with the first quarter management policies and guidelines of Report, data are reported on a calendar 2012 reporting period, according to the agencies (other than the OTS) are as year-to-date basis, regardless of an plans, SLHCs currently regulated by follows: institution’s fiscal year-end. OTS would start filing the same http://www.ffiec.gov/press/ 2. Previously submitted TFRs can be regulatory reports required to be filed by pr042398.htm amended only for 135 days after the end BHCs regulated by the Board. See the http://www.fdic.gov/news/news/press/ of the quarter for which an amended Board’s separate Notice of Intent in 2010/pr1002.pdf report is being filed electronically. In today’s Federal Register for more http://www.fdic.gov/regulations/laws/ general, amendments to previously details. submitted Call Reports can be filed for rules/5000–4200.html E. Filing Process http://www.fdic.gov/regulations/safety/ up to five years after the report date, manual/section7–1_toc.html including amendments required by an OTS-regulated savings associations http://www.federalreserve.gov/ institution’s primary Federal bank use OTS-developed proprietary software boarddocs/SRLETTERS/1996/ supervisory authority when a report as to file TFRs. Call Reports for other FDIC- sr9613.htm previously submitted contains insured institutions are filed one of two http://www.federalreserve.gov/ significant or material errors. ways, both using institution-acquired BoardDocs/SupManual/trading/ 3. In the Average Balance Sheet Data software. These two filing processes are 200901/3000p2.pdf section of TFR Schedule SI— described below: http://www.occ.gov/news-issuances/ Supplemental Information, savings 1. An institution may use computer bulletins/2010/bulletin-2010–1a.pdf associations report average balance software to prepare its report and then http://www.occ.gov/news-issuances/ sheet data for the quarter that, at a submit the report directly to the FFIEC’s bulletins/1998/bulletin-1998–20.html minimum, must be computed based on Central Data Repository (CDR), an http://www.occ.gov/static/publications/ balances at month-end. However, Internet-based system for data collection handbook/irr.pdf savings associations may choose to (https://cdr.ffiec.gov/cdr/); or 2. The institution may complete its C. Report Preparation Training compute these data based on other than month-end balances, such as daily or reports in paper form and arrange with Converting to the Call Report likely weekly balances. In Call Report a software vendor or another party to would require OTS-regulated savings Schedule RC–K—Quarterly Averages, convert its paper reports into an associations to retrain report institutions must report averages on a electronic format that can be processed preparation staff. Training on the daily or weekly basis only. by the CDR. The software vendor or completion and preparation of these 4. Savings associations can report another party then must electronically reports is offered on a regular basis by specific valuation allowances in TFR submit the data file containing the independent trade and professional Schedule VA–Consolidated Valuation bank’s Call Report to the CDR. organizations. Allowances and Related Data. A list of vendors offering software As stated above, the agencies will Comparable reporting is not available in meeting the technical specifications for provide a ‘‘mapping’’ of TFR items to the Call Report. For example, for Call producing Call Report data files that are Call Report items to help reduce the Report purposes, institutions take and able to be processed by the CDR can be initial burden of report conversion. report charge-offs on individual loans found on the last page of the FFIEC’s There are some significant differences rather than creating specific valuation most recent quarterly Call Report between the Call Report and TFR, allowances. Supplemental Instructions found at examples of which are described below. http://www.ffiec.gov/ Given these and other reporting D. Timing ffiec_report_forms.htm. In addition, differences, savings associations are Savings associations currently individual institutions may choose to encouraged to familiarize themselves regulated by the OTS would begin filing develop their own Call Report with the Call Report instructions and the Call Report as of the March 31, 2012 preparation software that meets these seek training opportunities for report report date. Savings associations would technical specifications. The agencies preparation staff as soon as possible. file the same Call Report required of will provide specific information on the Web links to the Call Report forms and commercial banks and State-chartered requirements to those institutions that instructions are provided above in this savings banks not currently regulated by are interested in pursuing this option. notice. the OTS. Web links to the Call Report forms and instructions are provided Request for Comment 5 Other specific changes to existing savings above in this notice. The agencies gave considerable association policies, procedures, rules, and Savings associations will continue to thought to the timing of this proposal regulations are expected to be made through and reviewed the comments received by separate notices—pursuant to the Paperwork submit TFRs, including Schedules HC Reduction Act or the Administrative Procedure and CMR (except as discussed above for the OTS from the 2007 proposal. Act—depending on the nature of the proposal. Schedule CMR), through the December Commenters responding to that

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proposal indicated a TFR-to-Call Report FEDERAL DEPOSIT INSURANCE • Mail: Gary A. Kuiper, (202) 898– conversion would take three to six CORPORATION 3877, Counsel, Attn: Comments, Room quarters. Hence, the agencies believe the F–1072, Federal Deposit Insurance proposed implementation of these DEPARTMENT OF THE TREASURY Corporation, 550 17th Street, NW., reporting changes in the reports for the Washington, DC 20429. first quarter of 2012 would provide Office of Thrift Supervision • Hand Delivery: Comments may be sufficient lead time and is therefore hand delivered to the guard station at reasonable. Commenters who disagree Proposed Agency Information the rear of the 550 17th Street Building with this assessment should specify Collection Activities; Comment (located on F Street) on business days why they believe they cannot meet that Request between 7 a.m. and 5 p.m. Public Inspection: All comments date and explain the time frame needed AGENCY: Federal Deposit Insurance received will be posted without change to comply with the proposed Corporation (FDIC) and Office of Thrift to http://www.fdic.gov/regulations/laws/ conversion. Supervision (OTS), Treasury. Comments are invited on: federal/propose.html including any ACTION: Joint notice and request for personal information provided. (a) Whether the proposed revisions to comment. Comments may be inspected at the FDIC the collections of information that are Public Information Center, Room E– the subject of this notice are necessary SUMMARY: In accordance with the 1002, 3501 Fairfax Drive, Arlington, VA for the proper performance of the requirements of the Paperwork 22226, between 9 a.m. and 5 p.m. on agencies’ functions, including whether Reduction Act (PRA) of 1995 (44 U.S.C. business days. the information has practical utility; chapter 35), the FDIC and the OTS (the OTS: You may submit comments, (b) The accuracy of the agencies’ ‘‘agencies’’) may not conduct or sponsor, identified by ‘‘1550–0004 (Branch Office estimates of the burden of the and the respondent is not required to Survey System),’’ by any of the information collections as they are respond to, an information collection following methods: proposed to be revised, including the unless it displays a currently valid • Federal eRulemaking Portal: http:// validity of the methodology and Office of Management and Budget www.regulations.gov. Follow the assumptions used; (OMB) control number. The agencies are instructions for submitting comments. (c) Ways to enhance the quality, requesting public comment on their • E-mail address: utility, and clarity of the information to proposal to require savings associations [email protected]. be collected; currently filing data through the Branch Please include ‘‘1550–0004 (Branch Office Survey System (BOS) with the (d) Ways to minimize the burden of Office Survey System)’’ in the subject OTS to convert to filing data through the information collections on respondents, line of the message and include your Summary of Deposits Survey (SOD) including through the use of automated name and telephone number in the with the FDIC. The BOS and the SOD collection techniques or other forms of message. are currently approved collections of • information technology; and Fax: (202) 906–6518. information. At the end of the comment • Mail: Information Collection (e) Estimates of capital or start up period, the comments and Comments, Chief Counsel’s Office, costs and costs of operation, recommendations received will be Office of Thrift Supervision, 1700 G maintenance, and purchase of services analyzed to determine the extent to Street, NW., Washington, DC 20552, to provide information. which the agencies should modify their Attention: ‘‘1550–0004 (Branch Office In addition to the above, public proposal prior to giving final approval. Survey System).’’ comment is requested on all aspects of The agencies will then submit the • Hand Delivery/Courier: Guard’s this joint notice. Comments submitted proposal to OMB for review and Desk, East Lobby Entrance, 1700 G in response to this joint notice will be approval. Street, NW., from 9 a.m. to 4 p.m. on shared among the agencies. All business days, Attention: Information comments will become a matter of DATES: Comments must be submitted on or before April 11, 2011. Collection Comments, Chief Counsel’s public record. Office, Attention: ‘‘1550–0004 (Branch ADDRESSES: Interested parties are Dated: January 19, 2011. Office Survey System).’’ invited to submit written comments to Michele Meyer, Instructions: All submissions received either or both of the agencies. All must include the agency name and OMB Assistant Director, Legislative and Regulatory comments, which should refer to the Control Number (1550–0004) for this Activities Division, Office of the Comptroller OMB control number(s), will be shared of the Currency. information collection. All comments between the agencies. Board of Governors of the Federal Reserve received will be posted without change System, February 2, 2011. FDIC: You may submit comments, to the OTS Internet Site at http:// which should refer to ‘‘Summary of Jennifer J. Johnson, www.ots.treas.gov/ Deposits Survey, 3064–0061,’’ by any of pagehtml.cfm?catNumber=67&an=1, Secretary of the Board. the following methods: including any personal information Dated at Washington, DC this 24th day of • Agency Web Site: http:// provided. January, 2011. www.fdic.gov/regulations/laws/federal/ Docket: For access to the docket to Federal Deposit Insurance Corporation. propose.html. Follow the instructions read background documents or Robert E. Feldman, for submitting comments on the FDIC comments received, go to http:// Executive Secretary. Web site. www.ots.treas.gov/ Dated: February 2, 2011. • Federal eRulemaking Portal: http:// pagehtml.cfm?catNumber=67&an=1. In Ira L. Mills, www.regulations.gov. Follow the addition, you may inspect comments at Paperwork Clearance Officer, Office of Chief instructions for submitting comments. the Public Reading Room, 1700 G Street, Counsel, Office of Thrift Supervision. • E-mail: [email protected]. NW., by appointment. To make an [FR Doc. 2011–2779 Filed 2–7–11; 8:45 am] Include ‘‘Summary of Deposits Survey, appointment for access, call (202) 906– BILLING CODE 6720–01–P; 6714–01–P; 6210–01–P; 3064–0061’’ in the subject line of the 5922, send an e-mail to 4810–33–P message. [email protected], or send a

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