[Federal Register: November 14, 2007 (Volume 72, Number 219)]
[Proposed Rules]
[Page 64003-64005]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr14no07-18]
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DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
12 CFR Chapter V
[Docket ID OTS-2007-0023]
Proposed Agency Information Collection Activities; Comment
Request--Information Needed To Respond to a Proposal To Convert From
the Thrift Financial Report (TFR) to the Call Report
AGENCY: Office of Thrift Supervision (OTS), Treasury.
ACTION: Advance Notice of Proposed Rulemaking (ANPR).
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SUMMARY: The Office of Thrift Supervision is considering requiring
savings associations to file quarterly Consolidated Reports of
Condition and Income (Call Report) instead of the Thrift Financial
Report (TFR) currently filed. This ANPR solicits comments identifying
information that the thrift industry and the public would need to
analyze a proposal to convert from the TFR to the Call Report used by
other federal banking regulators and to amend
[[Page 64004]]
any OTS rules that would be affected by such a change.
At the end of the comment period, OTS will review the comments and
conduct any research needed to compile the identified information. OTS
plans to publish a second notice containing the requested information
and solicit comments on whether to convert to the Call Report.
DATES: Submit written comments on or before January 14, 2008.
ADDRESSES: You may submit comments, identified by OTS-2007-0023, by any
of the following methods:
Federal eRulemaking Portal: Go to http://www.regulations.gov
, select ``Office of Thrift Supervision'' from the
agency drop-down menu, then click submit. Select Docket ID ``OTS-2007-
0023'' to submit or view public comments and to view supporting and
related materials for this notice of proposed rulemaking. The ``User
Tips'' link at the top of the page provides information on using
Regulations.gov, including instructions for submitting or viewing
public comments, viewing other supporting and related materials, and
viewing the docket after the close of the comment period.
Mail: Regulation Comments, Chief Counsel's Office, Office
of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552,
Attention: OTS-2007-0023.
Hand Delivery/Courier: Guard's Desk, East Lobby Entrance,
1700 G Street, NW., from 9 a.m. to 4 p.m. on business days, Attention:
Regulation Comments, Chief Counsel's Office, Attention: OTS-2007-0023.
Instructions: All submissions received must include the agency name
and docket number for this rulemaking. All comments received will be
entered into the docket and posted on Regulations.gov without change,
including any personal information provided. Comments, including
attachments and other supporting materials received are part of the
public record and subject to public disclosure. Do not enclose any
information in your comment or supporting materials that you consider
confidential or inappropriate for public disclosure.
Viewing Comments Electronically: Go to http://www.regulations.gov,
select ``Office of Thrift Supervision'' from the agency drop-down menu,
then click ``Submit.'' Select Docket ID ``OTS-2007-0023'' to view
public comments for this notice of proposed rulemaking.
Viewing Comments On-Site: You may inspect comments at the Public
Reading Room, 1700 G Street, NW., by appointment. To make an
appointment for access, call (202) 906-5922, send an e-mail to
public.info@ots.treas.gov, or send a facsimile transmission to (202)
906-6518. (Prior notice identifying the materials you will be
requesting will assist us in serving you.) We schedule appointments on
business days between 10 a.m. and 4 p.m. In most cases, appointments
will be available the next business day following the date we receive a
request.
FOR FURTHER INFORMATION CONTACT: You can access more information on the
TFR form and instructions on OTS's Web site via these links:
TFR report form--http://www.ots.treas.gov/docs/7/78199.pdf TFR instructions--http://www.ots.treas.gov/docs/4/4210042.pdf.
4210042.pdf.
Web site via these links:
Call Report form--http://www.fdic.gov/regulations/resources/call/index.html#RptForms
.
Call Report instructions--http://www.fdic.gov/regulations/resources/call/crinst/callinst2007_march.html
.
You can request additional information about this proposal by
sending an e-mail to callreport@ots.treas.gov, or request to Attention:
Request for Information on Call Conversion at Office of Thrift
Supervision, 1700 G Street, NW., Washington, DC 20552.
SUPPLEMENTARY INFORMATION: OTS-regulated savings associations (savings
associations) are required to submit a TFR to OTS each quarter. TFR
data include information on savings associations and their holding
companies. Also collected as part of the TFR are detailed maturity and
rate data used as inputs for the OTS Net Portfolio Value (NPV) Model.
TFR data are used to monitor the condition, performance, and risk
profile of individual institutions, systemic risk among groups of
institutions, and all savings associations as a whole.
TFR financial data are used to identify areas of focus for both on-
site examinations and off-site monitoring. OTS uses TFR data in
evaluating interstate merger and acquisition applications to determine,
as required by law, whether the resulting institutions would control
more than 10 percent of the total amount of deposits of insured
depository institutions in the United States. TFR data are also used to
calculate FDIC deposit insurance premiums and OTS's savings association
assessments.
Current Action: OTS is considering whether to convert savings
associations from the TFR to the Call Report. If this proposal were
adopted, savings associations would no longer be required to file the
TFR, but instead would file a Call Report. Savings associations would
be required to continue filing certain information currently collected
on the TFR that is not included on the Call Report. This additional
information would include the Consolidated Maturity Rate data (Schedule
CMR) and the Holding Company data (Schedule HC). It is anticipated that
this additional information would be filed as schedules of the Call
Report. If the additional information cannot be included as schedules
of the Call Report, it would be filed directly with OTS.
OTS seeks to supply the industry and the public with the
information needed to analyze and provide informed comments on the
proposal. After OTS has researched and compiled the information needed,
OTS will request comment on the substance of any conversion proposal.
That proposal would include both the requested information and the
proposed amendments to any OTS regulations that would need to be
modified.
Discussion of Proposed Revisions
Savings associations are currently required to submit quarterly TFR
reports directly to the OTS. All other FDIC-insured institutions submit
quarterly Call Reports to the their primary federal regulator via the
Federal Financial Institutions Examination Council's (FFIEC) Central
Data Repository (CDR). While the TFR and the Call Report share general
similarities, there are some significant differences in the data that
are collected due primarily to differences in industry focus and assets
between savings associations and commercial banks. There are also
differences in how the two reporting systems are administered. Some of
the more significant differences are highlighted below.
Data Collected
In general, differences in the data collected on the TFR and Call
Report reflect historic lending differences between banks and savings
associations. Given savings associations' historic focus on mortgage
and consumer lending, the TFR collects more detailed information on
those types of loans, while the Call Report collects more detailed
information on investment securities and commercial loans.
In the area of capital, Call Report Schedule RC-R (Regulatory
Capital) collects many more data items than the TFR Schedule CCR
(Consolidated Capital Requirement). The Call Report
[[Page 64005]]
also collects more detail on risk-weighted assets by asset class and
off-balance sheet categories.
With regard to valuation allowances, TFR Schedule VA collects
greater detail on general valuation allowances by asset type than does
the Call Report. The TFR also breaks out specific valuation allowances
(SVAs), while the Call Report combines SVAs with charge-offs.
Interest rate risk monitoring is another area of reporting
difference. TFR Schedule CMR collects detailed on- and off-balance
sheet repricing data, from which measures of interest rate risk are
calculated using the proprietary OTS NPV Model. OTS provides each
savings association its own interest rate risk measures free of charge
in the Interest Rate Risk Report. By contrast, the Call Report collects
only limited repricing data.
Also collected on the TFR are savings association holding company
data. In contrast, bank holding companies are required to file with the
Federal Reserve Board quarterly information (FR Y-9 series reports) in
addition to Call Reports for their insured subsidiaries.
OTS anticipates that savings associations would be required to file
a modified version of the Call Report on a quarterly basis, in place of
the TFR report. As noted above, the modified Call Report would include
new schedules specific to the OTS-regulated savings associations such
as:
Consolidated Maturity/Rate Schedule CMR (or similar loan
portfolio data),
Thrift Holding Company data, similar to the current TFR
Schedule HC, and
Other supplemental data items.
Savings associations may be exempt from reporting some other Call
Report items.
Data Collection Methods
Currently, savings associations are required to file their TFR
reports electronically using OTS-supplied Electronic Filing Software
(EFS). This software includes features that assist the user in the
report preparation process. Savings associations with questions about
how to use the EFS or how to prepare the TFR report can contact OTS
directly for customer support.
If a conversion to the Call Report were implemented, savings
associations would be required to file their Call Reports
electronically using filing software purchased from a third-party
vendor. Savings associations would transmit their Call Report data
using the technology of the FFIEC's Central Data Repository system.
Staff
Converting to the Call Report might require savings associations to
re-train report preparation staff. Call Report preparation training is
available from independent trade or professional organizations.
Analytical Tools
Savings associations currently receive the Uniform Thrift
Performance Report (UTPR), peer group data, and Interest Rate Risk
reports each quarter through the Financial Reports Subscriber (FRS)
software provided by OTS.
If conversion to the Call Report were adopted, the Uniform Bank
Performance Report (UBPR) would be available for savings associations
from the FFIEC Web site. Peer Group analyses, including banks, would
also be available. Savings associations would continue to receive their
Interest Rate Risk reports from the OTS. The reports would continue to
be based on the CMR data, whether the data is submitted with the Call
Report or directly to OTS.
Requests for Comments
OTS would like to provide sufficient information to enable the
public to analyze and comment on the proposed conversion from the TFR
to the Call Report. Please provide comments identifying the information
you would need to evaluate the proposal. OTS will research and compile
the information requested. OTS will publish a second notice that will
include: (1) The requested information, (2) the proposed amendments to
any OTS regulations that will need to be modified, and (3) a request
for comment on the proposal to convert from the TFR to the Call Report.
All comments will become a matter of public record.
Dated: November 6, 2007.
By the Office of Thrift Supervision.
John M. Reich,
Director.
[FR Doc. E7-22175 Filed 11-13-07; 8:45 am]
BILLING CODE 6720-01-P