51908 Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Notices 

Issued in Fort Worth, TX, on November 2, 

2017. 

Barbara L. Hall, 

FAA Information Collection Clearance 

Officer, Performance, Policy, and Records 

Management Branch, ASP–110. 

[FR Doc. 2017–24332 Filed 11–7–17; 8:45 am] 

BILLING CODE 4910–13–P 

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: regs.comments@

occ.treas.gov. 

• 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: regs.comments@

federalreserve.gov. 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: comments@FDIC.gov. 

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) 


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Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Notices 51909 

1 Generally, institutions with domestic offices 

only and total assets less than $1 billion. 

2See 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. 

395–6974; or by email to oira_

submission@omb.eop.gov. 

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 forprofit. 

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 agencyspecific 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

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 


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51910 Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Notices 

3This 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). 

5A 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. 

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. 

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. 

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 agencyspecific 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. 


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Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Notices 51911 

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. 

7An 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. 

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. 

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. 

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 


ethrower on DSK3G9T082PROD with NOTICES
51912 Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Notices 

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. 

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. 

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 openend 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, openend loans secured by 1–4 family 


ethrower on DSK3G9T082PROD with NOTICES
Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Notices 51913 

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. 

10An 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. 

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

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. 

In addition, the agencies propose to 

add a reporting threshold for reporting 

the number and market value of 


ethrower on DSK3G9T082PROD with NOTICES
51914 Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Notices 

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. 

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. 

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 


ethrower on DSK3G9T082PROD with NOTICES
Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Notices 51915 

12The 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. 

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 openend 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; closedend 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. 

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 


ethrower on DSK3G9T082PROD with NOTICES
51916 Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Notices 

14An 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. 

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. 

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 


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15CAMELS 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. 

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 offsite 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 followup 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. 

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 


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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 offsite 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 preexamination 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 offsite 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 followup 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 


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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 domesticoffices-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 closedend 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. 


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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 threelevel 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 nonmanaged 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 


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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 noninterestbearing 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 pass-through securities: Guaranteed by GNMA (Columns A through D).RCONG300, RCONG301, 

RCONG302, RCONG303. 

RC–B .............. 4.a.(2) ............ Residential mortgage pass-through securities: Issued by FNMA and FHLMC 

(Columns A through D).

RCONG304, RCONG305, 

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 

loans.

RCONA519. 

RC–F .............. 3.b .................. Interest-only strips receivable (not in the form of a security) on other financial 

assets.

RCONA520. 

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 

cards.

RCONC436. 

SU .................. 8.e .................. Outstanding credit card 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.

RCONC407. 

Other Impacts to Data Items 


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Schedule Item Item name MDRM No. 

RC–B .............. 4.a.(1) (New) .. Residential mortgage pass-through securities: Issued or guaranteed by 

FNMA, FHLMC, or GNMA (Columns A through D).

To be determined (TBD)—4 

MDRM Numbers. 

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 receivable (not in the form of a security) ............................ TBD. 

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 trust and agency accounts ............................................. RIADB904. 

RC–T .............. 15.a ................ Income from employee benefit and retirement-related trust and agency accounts: Employee benefit—defined contribution.RIADB905. 

RC–T .............. 15.b ................ Income from employee benefit and retirement-related trust and agency accounts: Employee benefit—defined benefit.RIADB906. 

RC–T .............. 15.c ................ Income from employee benefit and retirement-related trust and agency accounts: Other employee benefit and retirement-related accounts.RIADB907. 

RC–T .............. 16 ................... Income from corporate trust and agency accounts ........................................... RIADA479. 

RC–T .............. 17 ................... Income from investment management and investment advisory agency accounts.RIADJ315. 

RC–T .............. 18 ................... Income from foundation and endowment trust and agency accounts ............... RIADJ316. 

RC–T .............. 19 ................... Income from other fiduciary accounts ................................................................ RIADA480. 

RC–T .............. 20 ................... Income from custody and safekeeping accounts .............................................. RIADB909. 

RC–T .............. 21 ................... Other fiduciary and related services income ..................................................... RIADB910. 

RC–T .............. 22 ................... Total gross fiduciary and related services income ............................................ RIAD4070. 

RC–T .............. 23 ................... Less: Expenses .................................................................................................. RIADC058. 

RC–T .............. 24 ................... Less: Net losses from fiduciary and related services ........................................ RIADA488. 

RC–T .............. 25 ................... Plus: Intracompany income credits for fiduciary and related services .............. RIADB911. 

RC–T .............. 26 ................... Net fiduciary and related services income ......................................................... RIADA491. 

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 funds and common trust funds: Domestic equity (Columns A and B).RCONB931, RCONB932. 

RC–T .............. M3.b ............... Collective investment funds and common trust funds: International/Global equity (Columns A and B).RCONB933, RCONB934. 

RC–T .............. M3.c ............... Collective investment funds and common trust funds: Stock/Bond blend (Columns A and B).RCONB935, RCONB936. 

RC–T .............. M3.d ............... Collective investment funds and common trust funds: Taxable bond (Columns A and B).RCONB937, RCONB938. 

RC–T .............. M3.e ............... Collective investment funds and common trust funds: Municipal bond (Columns A and B).RCONB939, RCONB940. 

RC–T .............. M3.f ................ Collective investment funds and common trust funds: Short-term investments/ 

Money market (Columns A and B).

RCONB941, RCONB942. 

RC–T .............. M3.g ............... Collective investment funds and common trust funds: Specialty/Other (Columns A and B).RCONB943, RCONB944. 

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 


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Schedule Item Item name MDRM No. 

RC–A .............. 2.a .................. Balances due from U.S. branches and agencies of foreign banks ................... RCON0083. 

RC–A .............. 2.b .................. Balances due from other commercial banks in the U.S. and other depository 

institutions in the U.S.

RCON0085. 

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 foreign branches of other U.S. banks ................................ RCON0073. 

RC–A .............. 3.b .................. Balances due from other banks in foreign countries and foreign central banks RCON0074. 

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 receivable (not in the form of a security) on mortgage 

loans.

RCONA519. 

RC–F .............. 3.b .................. Interest-only strips receivable (not in the form of a security) on other financial 

assets.

RCONA520. 

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 

cards.

RCONC436. 

RC–N ............. M5.b.(1) ......... Loans measured at fair value: Fair value (Columns A through C) .................... RCONF664, RCONF665, 

RCONF666. 

RC–N ............. M5.b.(2) ......... Loans measured at fair value: Unpaid principal balance (Columns A through 

C).

RCONF667, RCONF668, 

RCONF669. 

RC–P .............. 1.a .................. Retail originations during the quarter of 1–4 family residential mortgage loans 

for sale: Closed-end first liens.

RCONF066. 

RC–P .............. 1.b .................. Retail originations during the quarter of 1–4 family residential mortgage loans 

for sale: Closed-end junior liens.

RCONF067. 

RC–P .............. 1.c.(1) ............. Retail originations 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.

RCONF670. 

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 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.

RCONF671. 

RC–P .............. 2.a .................. Wholesale originations and purchases during the quarter of 1–4 family residential mortgage loans for sale: Closed-end first liens.RCONF068. 

RC–P .............. 2.b .................. Wholesale originations and purchases during the quarter of 1–4 family residential mortgage loans for sale: Closed-end junior liens.RCONF069. 

RC–P .............. 2.c.(1) ............. Wholesale originations 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.

RCONF672. 

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 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.

RCONF673. 

RC–P .............. 3.a .................. 1–4 family residential mortgage loans sold during the quarter: Closed-end 

first liens.

RCONF070. 

RC–P .............. 3.b .................. 1–4 family residential mortgage loans sold during the quarter: Closed-end 

junior liens.

RCONF071. 

RC–P .............. 3.c.(1) ............. 1–4 family residential mortgage loans sold during the quarter: Total commitment under the lines of credit.RCONF674. 

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 mortgage loans sold during the quarter: Principal 

amount funded under the lines of credit.

RCONF675. 

RC–P .............. 4.a .................. 1–4 family residential mortgage loans held for sale or trading at quarter-end: 

Closed-end first liens.

RCONF072. 

RC–P .............. 4.b .................. 1–4 family residential mortgage loans held for sale or trading at quarter-end: 

Closed-end junior liens.

RCONF073. 

RC–P .............. 4.c.(1) ............. 1–4 family residential mortgage loans held for sale or trading at quarter-end: 

Total commitment under the lines of credit.

RCONF676. 

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 mortgage loans held for sale or trading at quarter-end: 

Principal amount funded under the lines of credit.

RCONF677. 

RC–P .............. 5.a .................. Noninterest income for the quarter from the sale, securitization, and servicing 

of 1–4 family residential mortgage loans: Closed-end 1–4 family residential 

mortgage loans.

RIADF184. 

RC–P .............. 5.b .................. Noninterest income for 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.

RIADF560. 

Note: Items 5.a and 5.b of Schedule RC–P will be combined into one data 

item (new item 5).


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Schedule Item Item name MDRM No. 

RC–P .............. 6.a .................. Repurchases and indemnifications of 1–4 family residential mortgage loans 

during the quarter: Closed-end first liens.

RCONF678. 

RC–P .............. 6.b .................. Repurchases and indemnifications of 1–4 family residential mortgage loans 

during the quarter: Closed-end junior liens.

RCONF679. 

RC–P .............. 6.c.(1) ............. Repurchases and indemnifications of 1–4 family residential mortgage loans 

during the quarter: Total commitment under the lines of credit.

RCONF680. 

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 indemnifications of 1–4 family residential mortgage loans 

during the quarter: Principal amount funded under the lines of credit.

RCONF681. 

RC–Q ............. 2 ..................... Federal funds sold and securities purchased under agreements to resell (Columns A through E).RCONG478, RCONG479, 

RCONG480, RCONG481, 

RCONG482. 

Note: Item 2 of Schedule RC–Q will be included in item 6, All other assets.

RC–Q ............. 9 ..................... Federal funds purchased and securities sold under agreements to repurchase (Columns A through E).RCONG507, RCONG508, 

RCONG509, RCONG510, 

RCONG511. 

RC–Q ............. 11 ................... Other borrowed money (Columns A through E) ................................................ RCONG521, RCONG522, 

RCONG523, RCONG524, 

RCONG525. 

RC–Q ............. 12 ................... Subordinated notes and debentures (Columns A through E) ........................... RCONG526, RCONG527, 

RCONG528, RCONG529, 

RCONG530. 

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 value: Construction, land development, and other 

land loans.

RCONF578. 

RC–Q ............. M3.a.(2) ......... Loans measured at fair value: Secured by farmland ......................................... RCONF579. 

RC–Q ............. M3.a.(4) ......... Loans measured at fair value: Secured by multifamily (5 or more) residential 

properties.

RCONF583. 

RC–Q ............. M3.a.(5) ......... Loans measured at fair value: Secured by nonfarm nonresidential properties RCONF584. 

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 value: Revolving, open-end loans secured by 1–4 

family residential properties and extended under lines of credit.

RCONF580. 

RC–Q ............. M3.a.(3)(b)(1) Loans measured at fair value: Closed-end loans secured by 1–4 family residential properties: Secured by first liens.RCONF581. 

RC–Q ............. M3.a.(3)(b)(2) Loans measured at fair value: Closed-end loans secured by 1–4 family residential properties: Secured by junior liens.RCONF582. 

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 value: Credit cards ....................................................... RCONF586. 

RC–Q ............. M3.c.(2) .......... Loans measured at fair value: Other revolving credit plans .............................. RCONF587. 

RC–Q ............. M3.c.(3) .......... Loans measured at fair value: Automobile loans .............................................. RCONK196. 

RC–Q ............. M3.c.(4) .......... Loans measured at fair value: Other consumer loans ...................................... RCONK208. 

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 balance of loans measured at fair value: Construction, land 

development, and other land loans.

RCONF590. 

RC–Q ............. M4.a.(2) ......... Unpaid principal balance of loans measured at fair value: Secured by farmland.RCONF591. 

RC–Q ............. M4.a.(4) ......... Unpaid principal balance of loans measured at fair value: Secured by multifamily (5 or more) residential properties.RCONF595. 

RC–Q ............. M4.a.(5) ......... Unpaid principal balance of loans measured at fair value: Secured by nonfarm nonresidential properties.RCONF596. 

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 balance of loans measured at fair value: Revolving, openend loans secured by 1–4 family residential properties and extended under 

lines of credit.

RCONF592. 

RC–Q ............. M4.a.(3)(b)(1) Unpaid principal balance of loans measured at fair value: Closed-end loans 

secured by 1–4 family residential properties: Secured by first liens.

RCONF593. 

RC–Q ............. M4.a.(3)(b)(2) Unpaid principal balance of loans measured at fair value: Closed-end loans 

secured by 1–4 family residential properties: Secured by junior liens.

RCONF594. 

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 balance of loans measured at fair value: Credit cards ........... RCONF598. 

RC–Q ............. M4.c.(2) .......... Unpaid principal balance of loans measured at fair value: Other revolving 

credit plans.

RCONF599. 

RC–Q ............. M4.c.(3) .......... Unpaid principal balance of loans measured at fair value: Automobile loans .. RCONK195. 

RC–Q ............. M4.c.(4) .......... Unpaid principal balance of loans measured at fair value: Other consumer 

loans.

RCONK209. 

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).


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Schedule Item Item name MDRM No. 

RC–S .............. 1 ..................... Outstanding principal balance of assets sold and securitized by the reporting 

bank with servicing retained or with recourse or other seller-provided credit 

enhancements (Columns B through F).

RCONB706, RCONB707, 

RCONB708, RCONB709, 

RCONB710. 

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 credit exposure arising from recourse or other sellerprovided credit enhancements provided to structures reported in item 1 in 

the form of: Credit-enhancing interest-only strips (Columns A through G).

RCONB712, RCONB713, 

RCONB714, RCONB715, 

RCONB716, RCONB717, 

RCONB718. 

RC–S .............. 2.b .................. Maximum amount of credit exposure arising from recourse or other sellerprovided credit enhancements provided to structures reported in item 1 in 

the form of: Subordinated securities and other residual interests (Columns 

A through G).

RCONC393, RCONC394, 

RCONC395, RCONC396, 

RCONC397, RCONC398, 

RCONC399. 

RC–S .............. 2.c .................. Maximum amount of credit exposure arising from recourse or other sellerprovided credit enhancements provided to structures reported in item 1 in 

the form of: Standby letters of credit and other enhancements (Columns A 

through G).

RCONC400, RCONC401, 

RCONC402, RCONC403, 

RCONC404, RCONC405, 

RCONC406. 

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 commitments to provide liquidity to structures reported in item 1 (Columns A through G).RCONB726, RCONB727, 

RCONB728, RCONB729, 

RCONB730, RCONB731, 

RCONB732. 

RC–S .............. 4.a .................. Past due loan amounts included in item 1: 30–89 days past due (Columns B 

through F).

RCONB734, RCONB735, 

RCONB736, RCONB737, 

RCONB738. 

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 included in item 1: 90 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.

RCONB741, RCONB742, 

RCONB743, RCONB744, 

RCONB745. 

RC–S .............. 5.a .................. Charge-offs and recoveries on assets sold and securitized with servicing retained or with recourse or other seller-provided credit enhancements: 

Charge-offs (Columns B through F).

RIADB748, RIADB749, 

RIADB750, RIADB751, 

RIADB752. 

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 recoveries on assets sold and securitized with servicing retained or with recourse or other seller-provided credit enhancements: Recoveries (Columns B through F).RIADB755, RIADB756, 

RIADB757, RIADB758, 

RIADB759. 

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 seller’s) interests carried as: Securities (Columns B, 

C, and F).

RCONB761, RCONB762, 

RCONB763. 

RC–S .............. 6.b .................. Amount of ownership (or seller’s) interests carried as: Loans (Columns B, C, 

and F).

RCONB500, RCONB501, 

RCONB502. 

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 included in interests reported in item 6.a: 30–89 days 

past due (Columns B, C, and F).

RCONB764, RCONB765, 

RCONB766. 

RC–S .............. 7.b .................. Past due loan amounts included in interests reported in item 6.a: 90 days or 

more past due (Columns B, C, and F).

RCONB767, RCONB768, 

RCONB769. 

RC–S .............. 8.a .................. Charge-offs and recoveries on loan amounts included in interests reported in 

item 6.a: 30–89 days past due (Columns B, C, and F).

RIADB770, RIADB771, 

RIADB772. 

RC–S .............. 8.b .................. Charge-offs and recoveries on loan amounts included in interests reported in 

item 6.a: 90 days or more past due (Columns B, C, and F).

RIADB773, RIADB774, 

RIADB775. 

RC–S .............. 9 ..................... Maximum amount of 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 through F).

RCONB777, RCONB778, 

RCONB779, RCONB780, 

RCONB781. 

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 commitments to provide liquidity to other institutions’ securitization structures (Columns B through F).RCONB784, RCONB785, 

RCONB786, RCONB787, 

RCONB788. 

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 recourse or other seller-provided credit enhancements and 

not securitized by the reporting bank (Columns B through F).

RCONB791, RCONB792, 

RCONB793, RCONB794, 

RCONB795. 

Note: Item 11, Columns B through F, of Schedule RC–S will be included in 

item 11, Column G.


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Schedule Item Item name MDRM No. 

RC–S .............. 12 ................... Maximum amount of credit exposure arising from recourse or other sellerprovided credit enhancements provided to assets reported in item 11 (Columns B through F).RCONB798, RCONB799, 

RCONB800, RCONB801, 

RCONB802. 

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 obligations transferred with recourse under Section 208 of 

the Riegle Community Development and Regulatory Improvement Act of 

1994: Outstanding principal balance.

RCONA249. 

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 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.

RCONA250. 

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 

reported for 

‘‘ABCP Conduits’’ (Column B).

ABCP Conduits (Column B) ............................................................................... RCONJ982, RCONJ985, 

RCONJ988, RCONJ991 

RCONJ994, RCONJ997, 

RCONK001, 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 variable interest entities (VIEs) that can be used only 

to settle obligations of the consolidated VIEs: Held-to-maturity securities 

(Columns A and C).

RCONJ984, RCONJ986. 

RC–V .............. 1.c .................. Assets of consolidated variable interest entities (VIEs) that can be used only 

to settle obligations of the consolidated VIEs: Available-for-sale securities 

(Columns A and C).

RCONJ987, RCONJ989. 

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 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).

RCONJ990, RCONJ992. 

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 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).

RCONJ993, RCONJ995. 

RC–V .............. 1.f ................... Assets of consolidated 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).

RCONJ996, RCONJ998. 

RC–V .............. 1.g .................. Assets of consolidated 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).

RCONJ999, RCONK002. 

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 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).

RCONK003, RCONK005. 

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 variable interest entities (VIEs) that can be used only 

to settle obligations of the consolidated VIEs: Derivative trading assets 

(Columns A and C).

RCONK006, RCONK008. 

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 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).

RCONK015, RCONK017. 

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).


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Schedule Item Item name MDRM No. 

RC–V .............. 2.b .................. Liabilities of consolidated VIEs for which creditors do not have recourse to 

the general credit of the reporting bank: Derivative trading liabilities (Columns A and C).

RCONK018, RCONK020. 

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 consolidated VIEs for which creditors do not have recourse to 

the general credit of the reporting bank: Commercial paper (Columns A 

and C).

RCONK021, RCONK023. 

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 depository institutions in the U.S ........................................ RCON0082. 

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 in foreign countries and foreign central banks ........ RCON0070. 

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 receivable (not in the form of a security) ............................ To be determined (TBD). 

Note: Items 3.a and 3.b of Schedule RC–F will be combined into this data 

item.

RC–P .............. 1 (New) .......... Retail originations during the quarter of 1–4 family residential mortgage loans 

for sale.

TBD. 

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 and purchases during the quarter of 1–4 family residential mortgage loans for sale.TBD. 

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 mortgage loans sold during the quarter ......................... TBD. 

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 mortgage loans held for sale or trading at quarter-end TBD. 

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 the quarter from the sale, securitization, and servicing 

of 1–4 family residential mortgage loans.

TBD. 

Note: Items 5.a and 5.b of Schedule RC–P will be combined into this data 

item.

RC–P .............. 6 (New) .......... Repurchases and indemnifications of 1–4 family residential mortgage loans 

during the quarter.

TBD. 

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 value: Secured by 1–4 family residential properties ... TBD. 

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 value: All other loans secured by real estate .............. TBD. 

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 value: Loans to individuals for household, family, and 

other personal expenditures.

TBD. 

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 balance of loans measured at fair value: Secured by 1–4 

family residential properties.

TBD. 

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 balance of loans measured at fair value: All other loans secured by real estate.TBD. 

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 balance of loans measured at fair value: Loans to individuals for household, family, and other personal expenditures.TBD. 

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.


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Schedule Item Item name MDRM No. 

RC–S .............. 2 (New) .......... Maximum amount of credit exposure arising from recourse or other sellerprovided credit enhancements provided to structures reported in item 1 

(Columns A and G).

TBD (2 MDRM numbers). 

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 ownership (or seller’s) interest carried as securities or loans 

(Columns B, C, and F).

TBD (3 MDRM Numbers). 

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 variable interest entities (VIEs) that can be used only 

to settle obligations of the consolidated VIEs: Securities (Columns A and 

C).

TBD (2 MDRM Numbers). 

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 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).

TBD (2 MDRM Numbers). 

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-backed commercial paper (ABCP) conduit VIEs ............ TBD. 

RC–V .............. 6 (New) .......... Total liabilities of ABCP conduit VIEs ................................................................ TBD. 

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 quarterend. 

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 trust and agency accounts ............................................. RIADB904. 

RC–T .............. 15.a ................ Income from employee benefit and retirement-related trust and agency accounts: Employee benefit—defined contribution.RIADB905. 

RC–T .............. 15.b ................ Income from employee benefit and retirement-related trust and agency accounts: Employee benefit—defined benefit.RIADB906. 

RC–T .............. 15.c ................ Income from employee benefit and retirement-related trust and agency accounts: Other employee benefit and retirement-related accounts.RIADB907. 

RC–T .............. 16 ................... Income from corporate trust and agency accounts ........................................... RIADA479. 

RC–T .............. 17 ................... Income from investment management and investment advisory agency accounts.RIADJ315. 

RC–T .............. 18 ................... Income from foundation and endowment trust and agency accounts ............... RIADJ316. 

RC–T .............. 19 ................... Income from other fiduciary accounts ................................................................ RIADA480. 

RC–T .............. 20 ................... Income from custody and safekeeping accounts .............................................. RIADB909. 

RC–T .............. 21 ................... Other fiduciary and related services income ..................................................... RIADB910. 

RC–T .............. 22 ................... Total gross fiduciary and related services income ............................................ RIAD4070. 

RC–T .............. 23 ................... Less: Expenses .................................................................................................. RIADC058. 

RC–T .............. 24 ................... Less: Net losses from fiduciary and related services ........................................ RIADA488. 

RC–T .............. 25 ................... Plus: Intracompany income credits for fiduciary and related services .............. RIADB911. 

RC–T .............. 26 ................... Net fiduciary and related services income ......................................................... RIADA491. 

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 funds and common trust funds: Domestic equity (Columns A and B).RCONB931, RCONB932. 

RC–T .............. M3.b ............... Collective investment funds and common trust funds: International/Global equity (Columns A and B).RCONB933, RCONB934. 

RC–T .............. M3.c ............... Collective investment funds and common trust funds: Stock/Bond blend (Columns A and B).RCONB935, RCONB936. 

RC–T .............. M3.d ............... Collective investment funds and common trust funds: Taxable bond (Columns A and B).RCONB937, RCONB938. 


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Schedule Item Item name MDRM No. 

RC–T .............. M3.e ............... Collective investment funds and common trust funds: Municipal bond (Columns A and B).RCONB939, RCONB940. 

RC–T .............. M3.f ................ Collective investment funds and common trust funds: Short-term investments/ 

Money market (Columns A and B).

RCONB941, RCONB942. 

RC–T .............. M3.g ............... Collective investment funds and common trust funds: Specialty/Other (Columns A and B).RCONB943, RCONB944. 

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 ownership (or seller’s) interest carried as securities or loans 

(Column G).

TBD. 

RC–S .............. 10 ................... Reporting bank’s unused commitments to provide liquidity to other institutions’ securitization structures (Columns A and G).RCONB783, RCONB789. 

RC–S .............. M3.a.(1) ......... Asset-backed commercial 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.

RCONB806. 

RC–S .............. M3.a.(2) ......... Asset-backed commercial 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.

RCONB807. 

RC–S .............. M3.b.(1) ......... Asset-backed commercial paper conduits: Unused commitments to provide liquidity to conduit structures: Conduits sponsored by the bank, a bank affiliate, or the bank’s holding company.RCONB808. 

RC–S .............. M3.b.(2) ......... Asset-backed commercial paper conduits: Unused commitments to provide liquidity to conduit structures: Conduits sponsored by other unrelated institutions.RCONB809. 

RC–S .............. M4 .................. Outstanding credit card 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.

RCONC407. 

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. branches and agencies of foreign banks (Column A) RCFD0083. 

RC–A .............. 2.b .................. Balances due from other commercial banks in the U.S. and other depository 

institutions in the U.S. (Column A).

RCFD0085. 

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 foreign branches of other U.S. banks (Column A) ............. RCFD0073. 

RC–A .............. 3.b .................. Balances due from other banks in foreign countries and foreign central banks 

(Column A).

RCFD0074. 

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 receivable (not in the form of a security) on mortgage 

loans.

RCFDA519. 

RC–F .............. 3.b .................. Interest-only strips receivable (not in the form of a security) on other financial 

assets.

RCFDA520. 

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 

cards.

RCFDC436. 


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Schedule Item Item name MDRM No. 

RC–N ............. M5.b.(1) ......... Loans measured at fair value: Fair value (Columns A through C) .................... RCFDF664, RCFDF665, 

RCFDF666. 

RC–N ............. M5.b.(2) ......... Loans measured at fair value: Unpaid principal balance (Columns A through 

C).

RCFDF667, RCFDF668, 

RCFDF669. 

RC–P .............. 1.a .................. Retail originations during the quarter of 1–4 family residential mortgage loans 

for sale: Closed-end first liens.

RCONF066. 

RC–P .............. 1.b .................. Retail originations during the quarter of 1–4 family residential mortgage loans 

for sale: Closed-end junior liens.

RCONF067. 

RC–P .............. 1.c.(1) ............. Retail originations 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.

RCONF670. 

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 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.

RCONF671. 

RC–P .............. 2.a .................. Wholesale originations and purchases during the quarter of 1–4 family residential mortgage loans for sale: Closed-end first liens.RCONF068. 

RC–P .............. 2.b .................. Wholesale originations and purchases during the quarter of 1–4 family residential mortgage loans for sale: Closed-end junior liens.RCONF069. 

RC–P .............. 2.c.(1) ............. Wholesale originations 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.

RCONF672. 

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 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.

RCONF673. 

RC–P .............. 3.a .................. 1–4 family residential mortgage loans sold during the quarter: Closed-end 

first liens.

RCONF070. 

RC–P .............. 3.b .................. 1–4 family residential mortgage loans sold during the quarter: Closed-end 

junior liens.

RCONF071. 

RC–P .............. 3.c.(1) ............. 1–4 family residential mortgage loans sold during the quarter: Total commitment under the lines of credit.RCONF674. 

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 mortgage loans sold during the quarter: Principal 

amount funded under the lines of credit.

RCONF675. 

RC–P .............. 4.a .................. 1–4 family residential mortgage loans held for sale or trading at quarter-end: 

Closed-end first liens.

RCONF072. 

RC–P .............. 4.b .................. 1–4 family residential mortgage loans held for sale or trading at quarter-end: 

Closed-end junior liens.

RCONF073. 

RC–P .............. 4.c.(1) ............. 1–4 family residential mortgage loans held for sale or trading at quarter-end: 

Total commitment under the lines of credit.

RCONF676. 

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 mortgage loans held for sale or trading at quarter-end: 

Principal amount funded under the lines of credit.

RCONF677. 

RC–P .............. 5.a .................. Noninterest income for the quarter from the sale, securitization, and servicing 

of 1–4 family residential mortgage loans: Closed-end 1–4 family residential 

mortgage loans.

RIADF184. 

RC–P .............. 5.b .................. Noninterest income for 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.

RIADF560. 

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 indemnifications of 1–4 family residential mortgage loans 

during the quarter: Closed-end first liens.

RCONF678. 

RC–P .............. 6.b .................. Repurchases and indemnifications of 1–4 family residential mortgage loans 

during the quarter: Closed-end junior liens.

RCONF679. 

RC–P .............. 6.c.(1) ............. Repurchases and indemnifications of 1–4 family residential mortgage loans 

during the quarter: Total commitment under the lines of credit.

RCONF680. 

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 indemnifications of 1–4 family residential mortgage loans 

during the quarter: Principal amount funded under the lines of credit.

RCONF681. 

RC–Q ............. M3.a ............... Loans measured at fair value: Loans secured by real estate (Column A) ........ RCFDF608. 

RC–Q ............. M3.a.(1) ......... Loans measured at fair value: Construction, land development, and other 

land loans (Column B).

RCONF578. 

RC–Q ............. M3.a.(2) ......... Loans measured at fair value: Secured by farmland (Column B) ..................... RCONF579. 

RC–Q ............. M3.a.(4) ......... Loans measured at fair value: Secured by multifamily (5 or more) residential 

properties (Column B).

RCONF583. 

RC–Q ............. M3.a.(5) ......... Loans measured at fair value: Secured by nonfarm nonresidential properties 

(Column B).

RCONF584. 


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Schedule Item Item name MDRM No. 

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 value: Revolving, open-end loans secured by 1–4 

family residential properties and extended under lines of credit (Column B).

RCONF580. 

RC–Q ............. M3.a.(3)(b)(1) Loans measured at fair value: Closed-end loans secured by 1–4 family residential properties: Secured by first liens (Column B).RCONF581. 

RC–Q ............. M3.a.(3)(b)(2) Loans measured at fair value: Closed-end loans secured by 1–4 family residential properties: Secured by junior liens (Column B).RCONF582. 

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 value: Commercial and industrial loans (Column B) ... RCONF585. 

RC–Q ............. M3.c.(1) .......... Loans measured at fair value: Credit cards (Columns A and B) ...................... RCFDF586, RCONF586. 

RC–Q ............. M3.c.(2) .......... Loans measured at fair value: Other revolving credit plans (Columns A and 

B).

RCFDF587, RCONF587. 

RC–Q ............. M3.c.(3) .......... Loans measured at fair value: Automobile loans (Columns A and B) .............. RCFDK196, RCONK196. 

RC–Q ............. M3.c.(4) .......... Loans measured at fair value: Other consumer loans (Columns A and B) ...... RCFDK208, RCONK208. 

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 value: Other loans (Column B) .................................... RCONF589. 

RC–Q ............. M4.a ............... Unpaid principal balance of loans measured at fair value: Loans secured by 

real estate (Column A).

RCFDF609. 

RC–Q ............. M4.a.(1) ......... Unpaid principal balance of loans measured at fair value: Construction, land 

development, and other land loans (Column B).

RCONF590. 

RC–Q ............. M4.a.(2) ......... Unpaid principal balance of loans measured at fair value: Secured by farmland (Column B).RCONF591. 

RC–Q ............. M4.a.(4) ......... Unpaid principal balance of loans measured at fair value: Secured by multifamily (5 or more) residential properties (Column B).RCONF595. 

RC–Q ............. M4.a.(5) ......... Unpaid principal balance of loans measured at fair value: Secured by nonfarm nonresidential properties (Column B).RCONF596. 

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 balance of loans measured at fair value: Revolving, openend loans secured by 1–4 family residential properties and extended under 

lines of credit (Column B).

RCONF592. 

RC–Q ............. M4.a.(3)(b)(1) Unpaid principal balance of loans measured at fair value: Closed-end loans 

secured by 1–4 family residential properties: Secured by first liens (Column 

B).

RCONF593. 

RC–Q ............. M4.a.(3)(b)(2) Unpaid principal balance of loans measured at fair value: Closed-end loans 

secured by 1–4 family residential properties: Secured by junior liens (Column B).

RCONF594. 

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 balance of loans measured at fair value: Commercial and industrial loans (Column B).RCONF597. 

RC–Q ............. M4.c.(1) .......... Unpaid principal balance of loans measured at fair value: Credit cards (Columns A and B).RCFDF598, RCONF598. 

RC–Q ............. M4.c.(2) .......... Unpaid principal balance of loans measured at fair value: Other revolving 

credit plans (Columns A and B).

RCFDF599, RCONF599. 

RC–Q ............. M4.c.(3) .......... Unpaid principal balance of loans measured at fair value: Automobile loans 

(Columns A and B).

RCFDK195, RCONK195. 

RC–Q ............. M4.c.(4) .......... Unpaid principal balance of loans measured at fair value: Other consumer 

loans (Columns A and B).

RCFDK209, RCONK209. 

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 balance of loans measured at fair value: Other loans (Column B).RCONF601. 

RC–S .............. 2.a .................. Maximum amount of credit exposure arising from recourse or other sellerprovided credit enhancements provided to structures reported in item 1 in 

the form of: Credit-enhancing interest-only strips (Columns A through G).

RCFDB712, RCFDB713, 

RCFDB714, RCFDB715, 

RCFDB716, RCFDB717, 

RCFDB718. 

RC–S .............. 2.b .................. Maximum amount of credit exposure arising from recourse or other sellerprovided credit enhancements provided to structures reported in item 1 in 

the form of: Subordinated securities and other residual interests (Columns 

A through G).

RCFDC393, RCFDC394, 

RCFDC395, RCFDC396, 

RCFDC397, RCFDC398, 

RCFDC399. 

RC–S .............. 2.c .................. Maximum amount of credit exposure arising from recourse or other sellerprovided credit enhancements provided to structures reported in item 1 in 

the form of: Standby letters of credit and other enhancements (Columns A 

through G).

RCFDC400, RCFDC401, 

RCFDC402, RCFDC403, 

RCFDC404, RCFDC405, 

RCFDC406. 


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Schedule Item Item name MDRM No. 

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 seller’s) interests carried as: Securities (Columns B, 

C and F).

RCFDB761, RCFDB762, 

RCFDB763. 

RC–S .............. 6.b .................. Amount of ownership (or 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)..

RCFDB500, RCFDB501, 

RCFDB502. 

RC–S .............. 7.a .................. Past due loan amounts included in interests reported in item 6.a: 30–89 days 

past due (Columns B, C, and F).

RCFDB764, RCFDB765, 

RCFDB766. 

RC–S .............. 7.b .................. Past due loan amounts included in interests reported in item 6.a: 90 days or 

more past due (Columns B, C, and F).

RCFDB767, RCFDB768, 

RCFDB769. 

RC–S .............. 8.a .................. Charge-offs and recoveries on loan amounts included in interests reported in 

item 6.a: 30–89 days past due (Columns B, C, and F).

RIADB770, RIADB771, 

RIADB772. 

RC–S .............. 8.b .................. Charge-offs and recoveries on loan amounts included in interests reported in 

item 6.a: 90 days or more past due (Columns B, C, and F).

RIADB773, RIADB774, 

RIADB775. 

RC–S .............. 9 ..................... Maximum amount of 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).

RCFDB777, RCFDB778. 

Note: Item 9, Columns B and C, of Schedule RC-S will be included in item 9, 

Column G.

RC–S .............. 10 ................... Reporting bank’s unused commitments to provide liquidity to other institutions’ securitization structures (Columns B and C).RCFDB784, RCFDB785. 

Note: Item 10, Columns B and C, of Schedule RC-S will be included in item 

10, Column G.

RC–S .............. 11 ................... Assets sold with recourse or other seller-provided credit enhancements and 

not securitized by the reporting bank (Columns B through F).

RCFDB791, RCFDB792, 

RCFDB793, RCFDB794, 

RCFDB795. 

Note: Item 11, Columns B through F, of Schedule RC-S will be included in 

item 11, Column G.

RC–S .............. 12 ................... Maximum amount of credit exposure arising from recourse or other sellerprovided credit enhancements provided to assets reported in item 11 (Columns B through F).RCFDB798, RCFDB799, 

RCFDB800, RCFDB801, 

RCFDB802. 

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 obligations transferred with recourse under Section 208 of 

the Riegle Community Development and Regulatory Improvement Act of 

1994: Outstanding principal balance.

RCFDA249. 

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 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.

RCFDA250. 

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 

reported for 

‘‘ABCP Conduits’’ (Column B).

ABCP Conduits (Column B) ............................................................................... RCFDJ982, RCFDJ985, 

RCFDJ988, RCFDJ991 

RCFDJ994, RCFDJ997, 

RCFDK001, 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 variable interest entities (VIEs) that can be used only 

to settle obligations of the consolidated VIEs: Held-to-maturity securities 

(Columns A and C).

RCFDJ984, RCFDJ986. 

RC–V .............. 1.c .................. Assets of consolidated variable interest entities (VIEs) that can be used only 

to settle obligations of the consolidated VIEs: Available-for-sale securities 

(Columns A and C).

RCFDJ987, RCFDJ989. 

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 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).

RCFDJ990, RCFDJ992. 

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).


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Schedule Item Item name MDRM No. 

RC–V .............. 1.e .................. Assets of consolidated 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).

RCFDJ993, RCFDJ995. 

RC–V .............. 1.f ................... Assets of consolidated 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).

RCFDJ996, RCFDJ998. 

RC–V .............. 1.g .................. Assets of consolidated 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).

RCFDJ999, RCFDK002. 

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 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).

RCFDK003, RCFDK005. 

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 variable interest entities (VIEs) that can be used only 

to settle obligations of the consolidated VIEs: Derivative trading assets 

(Columns A and C).

RCFDK006, RCFDK008. 

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 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).

RCFDK015, RCFDK017. 

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 consolidated VIEs for which creditors do not have recourse to 

the general credit of the reporting bank: Derivative trading liabilities (Columns A and C).

RCFDK018, RCFDK020. 

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 consolidated VIEs for which creditors do not have recourse to 

the general credit of the reporting bank: Commercial paper (Columns A 

and C).

RCFDK021, RCFDK023. 

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 depository institutions in the U.S. (Column A) ................... RCFD0082.

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 in foreign countries and foreign central banks (Column A).RCFD0070. 

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 receivable (not in the form of a security) ............................ To be determined (TBD). 

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 value option loans held for investment and held for sale TBD. 

Note: The proposed threshold change applicable to Schedule RC–Q applies 

to this item.

RC–P .............. 1 (New) .......... Retail originations during the quarter of 1–4 family residential mortgage loans 

for sale.

TBD. 

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 and purchases during the quarter of 1–4 family residential mortgage loans for sale.TBD. 

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 mortgage loans sold during the quarter ......................... TBD. 

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 mortgage loans held for sale or trading at quarter-end TBD. 


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Schedule Item Item name MDRM No. 

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 the quarter from the sale, securitization, and servicing 

of 1–4 family residential mortgage loans.

TBD. 

Note: Items 5.a and 5.b of Schedule RC–P will be combined into this data 

item.

RC–P .............. 6 (New) .......... Repurchases and indemnifications of 1–4 family residential mortgage loans 

during the quarter.

TBD. 

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 value: Secured by 1–4 family residential properties 

(Column A).

TBD. 

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 value: All other loans secured by real estate (Column 

A).

TBD. 

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 value: Loans to individuals for household, family, and 

other personal expenditures (Column A).

TBD. 

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 balance of loans measured at fair value: Secured by 1–4 

family residential properties (Column A).

TBD. 

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 balance of loans measured at fair value: All other loans secured by real estate (Column A).TBD. 

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 balance of loans measured at fair value: Loans to individuals for household, family, and other personal expenditures (Column A).TBD. 

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 credit exposure arising from recourse or other sellerprovided credit enhancements provided to structures reported in item 1 

(Columns A through G).

TBD (7 MDRM Numbers). 

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 ownership (or seller’s) interest carried as securities or loans 

(Columns B, C, and F).

TBD (3 MDRM Numbers). 

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 variable interest entities (VIEs) that can be used only 

to settle obligations of the consolidated VIEs: Securities (Columns A and 

C).

TBD (2 MDRM Numbers). 

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 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).

TBD (2 MDRM Numbers). 

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-backed commercial paper (ABCP) conduit VIEs ............ TBD. 

RC–V .............. 6 (New) .......... Total liabilities of ABCP conduit VIEs ................................................................ TBD. 

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 quarterend. 

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). 


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Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Notices 51935 

Schedule Item Item name MDRM No. 

RC–T .............. 14 ................... Income from personal trust and agency accounts ............................................. RIADB904. 

RC–T .............. 15.a ................ Income from employee benefit and retirement-related trust and agency accounts: Employee benefit—defined contribution.RIADB905. 

RC–T .............. 15.b ................ Income from employee benefit and retirement-related trust and agency accounts: Employee benefit—defined benefit.RIADB906. 

RC–T .............. 15.c ................ Income from employee benefit and retirement-related trust and agency accounts: Other employee benefit and retirement-related accounts.RIADB907. 

RC–T .............. 16 ................... Income from corporate trust and agency accounts ........................................... RIADA479. 

RC–T .............. 17 ................... Income from investment management and investment advisory agency accounts.RIADJ315. 

RC–T .............. 18 ................... Income from foundation and endowment trust and agency accounts ............... RIADJ316. 

RC–T .............. 19 ................... Income from other fiduciary accounts ................................................................ RIADA480. 

RC–T .............. 20 ................... Income from custody and safekeeping accounts .............................................. RIADB909. 

RC–T .............. 21 ................... Other fiduciary and related services income ..................................................... RIADB910. 

RC–T .............. 22 ................... Total gross fiduciary and related services income ............................................ RIAD4070. 

RC–T .............. 23 ................... Less: Expenses .................................................................................................. RIADC058. 

RC–T .............. 24 ................... Less: Net losses from fiduciary and related services ........................................ RIADA488 

RC–T .............. 25 ................... Plus: Intracompany income credits for fiduciary and related services .............. RIADB911. 

RC–T .............. 26 ................... Net fiduciary and related services income ......................................................... RIADA491. 

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 funds and common trust funds: Domestic equity (Columns A and B).RCFDB931, RCFDB932. 

RC–T .............. M3.b ............... Collective investment funds and common trust funds: International/Global equity (Columns A and B).RCFDB933, RCFDB934. 

RC–T .............. M3.c ............... Collective investment funds and common trust funds: Stock/Bond blend (Columns A and B).RCFDB935, RCFDB936. 

RC–T .............. M3.d ............... Collective investment funds and common trust funds: Taxable bond (Columns A and B).RCFDB937, RCFDB938. 

RC–T .............. M3.e ............... Collective investment funds and common trust funds: Municipal bond (Columns A and B).RCFDB939, RCFDB940. 

RC–T .............. M3.f ................ Collective investment funds and common trust funds: Short-term investments/ 

Money market (Columns A and B).

RCFDB941, RCFDB942. 

RC–T .............. M3.g ............... Collective investment funds and common trust funds: Specialty/Other (Columns A and B).RCFDB943, RCFDB944. 

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 ownership (or seller’s) interest carried as securities or loans 

(Columns B, C, and F).

TBD (3 MDRM Numbers). 

RC–S .............. 10 ................... Reporting bank’s unused commitments to provide liquidity to other institutions’ securitization structures (Columns A and D through G).RCFDB783, RCFDB786, 

RCFDB787, RCFDB788, 

RCFDB789. 

RC–S .............. M3.a.(1) ......... Asset-backed commercial 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.

RCFDB806. 

RC–S .............. M3.a.(2) ......... Asset-backed commercial 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.

RCFDB807. 

RC–S .............. M3.b.(1) ......... Asset-backed commercial paper conduits: Unused commitments to provide liquidity to conduit structures: Conduits sponsored by the bank, a bank affiliate, or the bank’s holding company.RCFDB808. 

RC–S .............. M3.b.(2) ......... Asset-backed commercial paper conduits: Unused commitments to provide liquidity to conduit structures: Conduits sponsored by other unrelated institutions.RCFDB809. 

RC–S .............. M4 .................. Outstanding credit card fees and finance charges included in Schedule RC– 

S, item 1, column C.

RCFDC407. 


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51936 Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Notices 

1Pub. L. 111–203, 124 Stat. 1376, July 2010. 

2 12 U.S.C. 5365(i)(2)(A). 

3 12 U.S.C. 5301(12). 

4 12 U.S.C. 5365(i)(2)(C). 

5 12 U.S.C. 5365(i)(2)(B). 

6 77 FR 61238 (October 9, 2012) (codified at 12 

CFR part 46). 

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 reported in item 1 (Columns A through G).RCFDB726, RCFDB727, 

RCFDB728, RCFDB729, 

RCFDB730, RCFDB731, 

RCFDB732. 

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 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Activities: Revision of an Approved 

Information Collection; Comment 

Request; Company-Run Annual Stress 

Test Reporting Template and 

Documentation for Covered 

Institutions With Total Consolidated 

Assets of $50 Billion or More Under the 

Dodd-Frank Wall Street Reform and 

Consumer Protection Act 

AGENCY: Office of the Comptroller of the 

Currency, Treasury (OCC). 

ACTION: Notice and request for 

comment. 

SUMMARY: The OCC, as part of its 

continuing effort to reduce paperwork 

and respondent burden, invites the 

general public and other federal 

agencies to take this opportunity to 

comment on a continuing information 

collection, as required by the Paperwork 

Reduction Act of 1995 (PRA). 

In accordance with the requirements 

of the PRA, the OCC 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 OCC is soliciting comment 

concerning a revision to a regulatory 

reporting requirement for national banks 

and federal savings associations titled, 

‘‘Company-Run Annual Stress Test 

Reporting Template and Documentation 

for Covered Institutions with Total 

Consolidated Assets of $50 Billion or 

More under the Dodd-Frank Wall Street 

Reform and Consumer Protection Act.’’ 

DATES: Comments must be received by 

January 8, 2018. 

ADDRESSES: Because paper mail in the 

Washington, DC area and at the OCC is 

subject to delay, commenters are 

encouraged to submit comments by 

email, if possible. Comments may be 

sent to: Legislative and Regulatory 

Activities Division, Office of the 

Comptroller of the Currency, Attention: 

1557–0319, 400 7th Street SW., Suite 

3E–218, Washington, DC 20219. In 

addition, comments may be sent by fax 

to (571) 465–4326 or by electronic mail 

to prainfo@occ.treas.gov. You may 

personally inspect and photocopy 

comments at the OCC, 400 7 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 hearing impaired, TTY, (202) 

649–5597. Upon arrival, visitors will be 

required to present valid governmentissued photo identification and submit 

to security screening in order to inspect 

and photocopy comments. 

All comments received, including 

attachments and other supporting 

materials, are part of the public record 

and subject to public disclosure. Do not 

include any information in your 

comment or supporting materials that 

you consider confidential or 

inappropriate for public disclosure. 

FOR FURTHER INFORMATION CONTACT: 

Shaquita Merritt, OCC Clearance 

Officer, (202) 649–5490 or, for persons 

who are deaf or hearing impaired, TTY, 

(202) 649–5597, Legislative and 

Regulatory Activities Division, Office of 

the Comptroller of the Currency, 400 7 

St. SW., Washington, DC 20219. In 

addition, copies of the templates 

referenced in this notice can be found 

on the OCC’s Web site under News and 

Issuances (http://www.occ.treas.gov/ 

tools-forms/forms/bank-operations/ 

stress-test-reporting.html). 

SUPPLEMENTARY INFORMATION: The OCC 

is requesting comment on the following 

revision to an approved information 

collection: 

Title: Company-Run Annual Stress 

Test Reporting Template and 

Documentation for Covered Institutions 

with Total Consolidated Assets of $50 

Billion or More under the Dodd-Frank 

Wall Street Reform and Consumer 

Protection Act. 

OMB Control No.: 1557–0319. 

Description: Section 165(i)(2) of the 

Dodd-Frank Wall Street Reform and 

Consumer Protection Act 1 (Dodd-Frank 

Act) requires certain financial 

companies, including national banks 

and federal savings associations, to 

conduct annual stress tests 2 and 

requires the primary financial regulatory 

agency 3 of those financial companies to 

issue regulations implementing the 

stress test requirements.4 A national 

bank or federal savings association is a 

‘‘covered institution’’ and therefore 

subject to the stress test requirements if 

its total consolidated assets are more 

than $10 billion. Under section 

165(i)(2), a covered institution is 

required to submit to the Board of 

Governors of the Federal Reserve 

System (Board) and to its primary 

financial regulatory agency a report at 

such time, in such form, and containing 

such information as the primary 

financial regulatory agency may 

require.5 On October 9, 2012, the OCC 

published in the Federal Register a final 

rule implementing the section 165(i)(2) 

annual stress test requirement.6 This 

rule describes the reports and 

information collections required to meet 

the reporting requirements under 

section 165(i)(2). These information 

collections will be given confidential 

treatment (5 U.S.C. 552(b)(4)) to the 

extent permitted by law. 

In 2012, the OCC first implemented 

the reporting templates referenced in 

the final rule. See 77 FR 49485 (August 

16, 2012) and 77 FR 66663 (November 

6, 2012). The OCC is now revising the 

reporting templates as described below. 


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