Notice2025-12935
Proposed Agency Information Collection Activities; Comment Request
Primary source
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Published
July 11, 2025
Issuing agencies
Treasury DepartmentComptroller of the CurrencyFederal Reserve SystemFederal Deposit Insurance Corporation
Abstract
In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), 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. On September 28, 2023, the agencies, under the auspices of the Federal Financial Institutions Examination Council (FFIEC), requested public comment for 60 days on a proposal to revise and extend the Consolidated Reports of Condition and Income (Call Report) (FFIEC 031, FFIEC 041, and FFIEC 051), which are currently approved collections of information. Included in this notice, the Board, under the auspices of the FFIEC, requested public comment for 60 days on the proposal to revise and extend the Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks (FFIEC 002) and the Report of Assets and Liabilities of a Non-U.S. Branch that is Managed or Controlled by a U.S. Branch or Agency of a Foreign (Non-U.S.) Bank (FFIEC 002S), which also are currently approved collections of information. The proposed revisions included changes to the Call Report and FFIEC 002 report forms and instructions that were in response to the Financial Accounting Standards Board's (FASB) Accounting Standards Update (ASU) 2022-02, "Financial Instruments--Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures" (ASU 2022-02). The agencies are now finalizing instructional revisions related to the length of time that loan modifications to borrowers experiencing financial difficulty would be reported in the Call Report and FFIEC 002 forms.
Full Text
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<title>Federal Register, Volume 90 Issue 131 (Friday, July 11, 2025)</title>
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[Federal Register Volume 90, Number 131 (Friday, July 11, 2025)]
[Notices]
[Pages 31111-31114]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-12935]
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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.
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SUMMARY: In accordance with the requirements of the Paperwork Reduction
Act of 1995 (PRA), 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. On September 28,
2023, the agencies, under the auspices of the Federal Financial
Institutions Examination Council (FFIEC), requested public comment for
60 days on a proposal to revise and extend the Consolidated Reports of
Condition and Income (Call Report) (FFIEC 031, FFIEC 041, and FFIEC
051), which are currently approved collections of information. Included
in this notice, the Board, under the auspices of the FFIEC, requested
public comment for 60 days on the proposal to revise and extend the
Report of Assets and Liabilities of U.S. Branches and Agencies of
Foreign Banks (FFIEC 002) and the Report of Assets and Liabilities of a
Non-U.S. Branch that is Managed or Controlled by a U.S. Branch or
Agency of a Foreign (Non-U.S.) Bank (FFIEC 002S), which also are
currently approved collections of information. The proposed revisions
included changes to the Call Report and FFIEC 002 report forms and
instructions that were in response to the Financial Accounting
Standards Board's (FASB) Accounting Standards Update (ASU) 2022-02,
``Financial Instruments--Credit Losses (Topic 326): Troubled Debt
Restructurings and Vintage Disclosures'' (ASU 2022-02). The agencies
are now finalizing instructional revisions related to the length of
time that loan modifications to borrowers experiencing financial
difficulty would be reported in the Call Report and FFIEC 002 forms.
DATES: Comments must be submitted on or before August 11, 2025.
ADDRESSES: Interested parties are invited to submit written comments to
any or all of the agencies. All comments will be shared among the
agencies.
OCC: You may submit comments by any of the following methods:
<bullet> Email: <a href="/cdn-cgi/l/email-protection#40303221292e262f002f23236e34322521336e272f36"><span class="__cf_email__" data-cfemail="245456454d4a424b644b47470a50564145570a434b52">[email protected]</span></a>.
<bullet> Mail: Chief Counsel's Office, Office of the Comptroller of
the Currency, Attention: 1557-0081, 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
<bullet> Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Instructions: You must include ``OCC'' as the agency name and
``1557-0081'' in your comment. In general, the OCC will publish
comments on <a href="http://www.reginfo.gov">www.reginfo.gov</a> without change, including any business or
personal information provided, such as name and address information,
email addresses, or phone numbers. 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 review comments and other related materials that pertain to
this information collection beginning on the date of publication of the
second notice for this collection by the following method:
<bullet> Viewing Comments Electronically: Go to <a href="http://www.reginfo.gov">www.reginfo.gov</a>.
Hover over the ``Information Collection Review'' drop down menu and
select ``Information Collection Review.'' Underneath the ``Currently
under Review'' section heading, from the drop-down menu select
``Department of Treasury'' and then click ``submit.'' This information
collection can be located by searching by OMB control number ``1557-
0081.'' Upon finding the appropriate information collection, click on
the related ``ICR Reference Number.'' On the next screen, select ``View
Supporting Statement and Other Documents'' and then click on the link
to any comment listed at the bottom of the screen.
<bullet> For assistance in navigating <a href="http://www.reginfo.gov">www.reginfo.gov</a>, please
contact the
[[Page 31112]]
Regulatory Information Service Center at (202) 482-7340.
Board: You may submit comments, which should refer to ``Call Report
Revisions,'' by any of the following methods:
<bullet> Agency Website: <a href="http://www.federalreserve.gov">http://www.federalreserve.gov</a>. Follow the
instructions for submitting comments at: <a href="http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm">http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm</a>.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#b1c3d4d6c29fd2dedcdcd4dfc5c2f1d7d4d5d4c3d0ddc3d4c2d4c3c7d49fd6dec7"><span class="__cf_email__" data-cfemail="c3b1a6a4b0eda0acaeaea6adb7b083a5a6a7a6b1a2afb1a6b0a6b1b5a6eda4acb5">[email protected]</span></a>. Include ``Call
Report Revisions'' in the subject line of the message.
<bullet> Fax: (202) 395-6974.
<bullet> 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 on the Board's website at <a href="https://www.federalreserve.gov/apps/foia/proposedregs.aspx">https://www.federalreserve.gov/apps/foia/proposedregs.aspx</a> as submitted,
unless modified for technical reasons. Accordingly, your comments will
not be edited to remove any identifying or contact information.
FDIC: You may submit comments, which should refer to ``Call Report
Revisions,'' by any of the following methods:
<bullet> Agency Website: <a href="https://www.fdic.gov/resources/regulations/federal-register-publications/">https://www.fdic.gov/resources/regulations/federal-register-publications/</a>. Follow the instructions for
submitting comments on the FDIC's website.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#2645494b4b434852556660626f6508414950"><span class="__cf_email__" data-cfemail="c2a1adafafa7acb6b18284868b81eca5adb4">[email protected]</span></a>. Include ``Call Report
Revisions'' in the subject line of the message.
<bullet> Mail: Robert Meiers, Regulatory Attorney, MB-3013, Federal
Deposit Insurance Corporation, 550 17th Street NW, Washington, DC
20429.
<bullet> Hand Delivery: Comments may be hand delivered to the guard
station at the rear of the 550 17th Street NW building (located on F
Street NW) on business days between 7 a.m. and 5 p.m.
<bullet> Public Inspection: All comments received, including any
personal information provided, will be posted without change to <a href="https://www.fdic.gov/resources/regulations/federal-register-publications/">https://www.fdic.gov/resources/regulations/federal-register-publications/</a>.
Commenters should submit only information that the commenter wishes to
make available publicly. The FDIC may review, redact, or refrain from
posting all or any portion of any comment that it may deem to be
inappropriate for publication, such as irrelevant or obscene material.
The FDIC may post only a single representative example of identical or
substantially identical comments, and in such cases will generally
identify the number of identical or substantially identical comments
represented by the posted example. All comments that have been
redacted, as well as those that have not been posted, that contain
comments on the merits of this document will be retained in the public
comment file and will be considered as required under all applicable
laws. All comments may be accessible under the Freedom of Information
Act.
Additionally, written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find these particular
information collections by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: For further information about the
proposed revisions to the information collections discussed in this
notice, please contact any of the agency staff whose names appear
below. In addition, copies of the report forms for the Call Report can
be obtained at the FFIEC's website (<a href="https://www.ffiec.gov/resources/reporting-forms">https://www.ffiec.gov/resources/reporting-forms</a>).
OCC: Shaquita Merritt, Clearance Officer, (202) 649-5490, Chief
Counsel's Office, Office of the Comptroller of the Currency, 400 7th
Street SW, Washington, DC 20219. If you are deaf, hard of hearing, or
have a speech disability, please dial 7-1-1 to access
telecommunications relay services.
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: Robert Meiers, Regulatory Attorney, MB-3013, Federal Deposit
Insurance Corporation, 550 17th Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: The comment period for the September 2023
notice \1\ ended on November 27, 2023. After considering the comments
received on the proposal, the FFIEC and the agencies on May 22, 2024,
finalized certain proposed revisions resulting from ASU 2022-02 but
deferred action related to the length of time that loan modifications
to borrowers experiencing financial difficulty would be reported in the
Call Report and FFIEC 002 forms.\2\ The agencies have completed their
review and are revising the instructions to align the regulatory
reporting of loan modifications to borrowers experiencing financial
difficulty with U.S. generally accepted accounting principles (GAAP).
These revisions will be effective as of the December 31, 2025, report
date. However, the agencies do not object if an institution chooses to
implement this revised reporting in advance of the effective date for
the September 30, 2025, report date.
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\1\ 88 FR 66933 (Sept. 28, 2023).
\2\ 89 FR 45046 (May 22, 2024).
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The agencies hereby give notice of their plan to submit to OMB a
request to approve the revision and extension of these information
collections, and again invite comment on the renewal.
I. Report Summary
A. Call Report
The agencies propose to extend for three years, with revision,
their information collections associated with the FFIEC 031, FFIEC 041,
and FFIEC 051 Call Report.
Report Title: Consolidated Reports of Condition and Income (Call
Report).
Form Number: FFIEC 031 (Consolidated Reports of Condition and
Income for a Bank with Domestic and Foreign Offices), FFIEC 041
(Consolidated Reports of Condition and Income for a Bank with Domestic
Offices Only), and FFIEC 051 (Consolidated Reports of Condition and
Income for a Bank with Domestic Offices Only and Total Assets Less Than
$5 Billion).
Frequency of Response: Quarterly.
Affected Public: Business or other for-profit.
OCC
OMB Control No.: 1557-0081.
Estimated Number of Respondents: 984 national banks and federal
savings associations.
Estimated Average Burden per Response: 41.36 burden hours per
quarter to file.
Estimated Total Annual Burden: 162,793 burden hours to file.
Board
OMB Control No.: 7100-0036.
Estimated Number of Respondents: 709 state member banks.
Estimated Average Burden per Response: 45.31 burden hours per
quarter to file.
Estimated Total Annual Burden: 128,499 burden hours to file.
FDIC
OMB Control No.: 3064-0052.
Estimated Number of Respondents: 2,825 insured state nonmember
banks and state savings associations.
Estimated Average Burden per Response: 39.17 burden hours per
quarter to file.
Estimated Total Annual Burden: 442,621 burden hours to file.
[[Page 31113]]
The estimated average burden hours collectively reflect the
estimates for the FFIEC 031, the FFIEC 041, and the FFIEC 051 reports
for each agency. When the estimates are calculated by type of report
across the agencies, the estimated average burden hours per quarter are
86.12 (FFIEC 031), 55.56 (FFIEC 041), and 34.99 (FFIEC 051). The
changes to the Call Report instructions proposed in this notice would
not result in a burden change for all three Call Reports. 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: Extension and revision of currently approved
collections. In addition to the proposed revisions discussed below, the
Call Report is periodically updated to clarify instructional guidance
and correct grammatical and typographical errors on the forms and
instructions which are published on the FFIEC website.\3\ These non-
substantive updates may also be commented upon.
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\3\ <a href="https://www.ffiec.gov/resources/reporting-forms">https://www.ffiec.gov/resources/reporting-forms</a>.
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Legal Basis and Need for Collections
The Call Report information collections are mandatory: 12 U.S.C.
161 (national banks), 12 U.S.C. 324 (State member banks), 12 U.S.C.
1817 (insured State nonmember commercial and savings banks), and 12
U.S.C. 1464 (Federal and State savings associations). At present,
except for selected data items and text, these information collections
are not given confidential treatment.
Banks and savings associations 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 shared
missions of ensuring the safety and soundness of financial institutions
and the financial system and protecting consumer financial rights, as
well as agency-specific missions affecting federal and state-chartered
institutions, such as conducting monetary policy, ensuring financial
stability, and administering federal 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. Among
other purposes, the agencies use Call Report data in evaluating
institutions' corporate applications, including interstate merger and
acquisition applications for which the agencies are required by law to
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 the risk-based assessments for insured depository
institutions.
B. FFIEC 002 and 002S
The Board proposes to extend for three years, with revision, the
FFIEC 002 and FFIEC 002S reports.
Report Titles: Report of Assets and Liabilities of U.S. Branches
and Agencies of Foreign Banks; Report of Assets and Liabilities of a
Non-U.S. Branch that is Managed or Controlled by a U.S. Branch or
Agency of a Foreign (Non-U.S.) Bank.
Form Numbers: FFIEC 002; FFIEC 002S.
OMB Control Number: 7100-0032.
Frequency of Response: Quarterly.
Affected Public: Business or other for-profit.
Respondents: All state-chartered or federally-licensed U.S.
branches and agencies of foreign banking organizations, and all non-
U.S. branches managed or controlled by a U.S. branch or agency of a
foreign banking organization.
Estimated Number of Respondents: FFIEC 002--183; FFIEC 002S--18.
Estimated Average Burden per Response: FFIEC 002--24.67 hours;
FFIEC 002S--6.0 hours.
Estimated Total Annual Burden: FFIEC 002--18,058 hours; FFIEC
002S--432 hours.
Type of Review: Extension and revision of currently approved
collections.
The proposed revisions to the FFIEC 002 instructions in this notice
would not have a material impact on the existing burden estimates.
Legal Basis and Need for Collection
On a quarterly basis, all U.S. branches and agencies of foreign
banks are required to file the FFIEC 002, which is a detailed report of
condition with a variety of supporting schedules. This information is
used to fulfill the supervisory and regulatory requirements of the
International Banking Act of 1978. The data also are used to augment
the bank credit, loan, and deposit information needed for monetary
policy and other public policy purposes. In addition, FFIEC 002 data
are used to calculate the risk-based assessments for FDIC-insured U.S.
branches of foreign banks. The FFIEC 002S is a supplement to the FFIEC
002 that collects information on assets and liabilities of any non-U.S.
branch that is managed or controlled by a U.S. branch or agency of the
foreign bank. A non-U.S. branch is managed or controlled by a U.S.
branch or agency if a majority of the responsibility for business
decisions, including but not limited to decisions with regard to
lending or asset management or funding or liability management, or the
responsibility for recordkeeping in respect of assets or liabilities
for that foreign branch resides at the U.S. branch or agency. A
separate FFIEC 002S must be completed for each managed or controlled
non-U.S. branch. The FFIEC 002S must be filed quarterly along with the
U.S. branch or agency's FFIEC 002.
These information collections are mandatory (12 U.S.C. 3105(c)(2),
1817(a)(1) and (3), and 3102(b)). Except for select sensitive items,
the FFIEC 002 is not given confidential treatment; the FFIEC 002S is
given confidential treatment pursuant to 5 U.S.C. 552(b)(4) and (8).
The data from both reports are used for (1) monitoring deposit and
credit transactions of U.S. residents; (2) monitoring the impact of
policy changes; (3) analyzing structural issues concerning foreign bank
activity in U.S. markets; (4) understanding flows of banking funds and
indebtedness of developing countries in connection with data collected
by the International Monetary Fund and the Bank for International
Settlements that are used in economic analysis; and (5) assisting in
the supervision of U.S. offices of foreign banks. The Federal Reserve
System collects and processes these reports on behalf of all three
agencies.
II. Current Actions
In the September 2023 notice \4\, the agencies proposed revisions
to all three versions of the Call Report (FFIEC 031, FFIEC 041, and
FFIEC 051), and the Board proposed revisions to the FFIEC 002, related
to FASB's ASU 2022-02. As proposed, institutions would have reported
loan modifications to borrowers experiencing financial difficulty for a
minimum period of 12 months after modification and until an institution
performs a current, well documented credit evaluation to support that
the borrower is no longer experiencing financial difficulty, unless the
loan is paid off, charged-off, sold, or otherwise settled. This may
have been for a period longer than financial statement disclosures
required by ASU
[[Page 31114]]
2022-02. ASU 2022-02 requires that for each period for which a
statement of income is presented, an entity shall disclose by class of
financing receivable, qualitative and quantitative information about
receivable performance in the 12 months after a modification of a
receivable made to a debtor experiencing financial difficulty.\5\
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\4\ 88 FR 66933 (Sept. 28, 2023).
\5\ See FASB ASC paragraph 310-10-50-42.
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The comment period for the September 2023 notice ended on November
27, 2023. The agencies received six comment letters on the September
2023 notice, four of which included objections to the proposed length
of time for which these modifications would be reported on the Call
Report. These commenters indicated that the divergence from GAAP
financial statement disclosure requirements in accordance with ASU
2022-02 would create additional costs, complexity, and operational
challenges without any substantial corresponding benefit to either the
institutions or the agencies. The agencies deferred action on the
length of time for which these modifications would be reported pending
additional review of the proposal and the commenters' concerns. Current
Call Report forms collect data on loan modifications to borrowers
experiencing financial difficulty and the instructions define the types
of loan modifications to be reported but do not prescribe a specific
duration for reporting such modifications.
The agencies have completed their evaluation of the comments
received. The agencies determined that consistency with the GAAP
financial statement disclosure requirements under ASU 2022-02 would
provide sufficient supervisory data on loan modifications due to the
debtor's financial difficulty. Therefore, the agencies will revise the
Call Report and FFIEC 002 instructions to indicate that institutions
should only report those loans that have been modified in the previous
12 months consistent with FASB ASC paragraph 310-10-50-42.
The agencies will revise Schedule RC-C, Loans and Lease Financing
Receivables, Part I, Loans and Leases, Memoranda item 1, ``Loan
modifications to borrowers experiencing financial difficulty that are
in compliance with their modified terms (included in Schedule RC-C,
Part I, and not reported as past due or nonaccrual in Schedule RC-N,
Memorandum item 1),'' and Schedule RC-N, Past Due and Nonaccrual Loans,
Leases, and Other Assets, Memoranda item 1, ``Loan modifications to
borrowers experiencing financial difficulty included in Schedule RC-N,
items 1 through 7, above (and not reported in Schedule RC-C, Part I,
Memorandum item 1),'' as well as the FFIEC 002 instructions for
Schedule N, Past Due, Nonaccrual, and Restructured Loans, as
applicable, to align reporting of loan modifications to borrowers
experiencing financial difficulty, as described in ASU 2022-02.
Specifically, modified loans reported in these items should meet the
definition of loan modifications to borrowers experiencing financial
difficulty, as described in ASU 2022-02, and include only such
modifications which occurred in the previous 12 months.
III. Timing
The proposed revisions to the Call Report and FFIEC 002
instructions are proposed to become effective with the December 31,
2025, report date.
The agencies invite comment on any difficulties that institutions
would expect to encounter in implementing the systems changes necessary
to accommodate the proposed revision to the Call Report and the FFIEC
002 consistent with this effective date.
IV. 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.
Dated: July 8, 2025.
Patrick T. Tierney,
Assistant Director, Office of the Comptroller of the Currency.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
Dated at Washington, DC, on July 8, 2025.
Federal Deposit Insurance Corporation
Jennifer M. Jones,
Deputy Executive Secretary.
[FR Doc. 2025-12935 Filed 7-10-25; 8:45 am]
BILLING CODE 4810-33-6210-01-6714-01-P
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.