FFIEC 031, FFIEC 041, and FFIEC 051 18 Question Format OMB Supporting Statement

Supporting Statement for the
Consolidated Reports of Condition and Income
(FFIEC 031, FFIEC 041, and FFIEC 051; OMB No. 7100-0036)
1.

Explain the circumstances that make the collection of information necessary.

The Board of Governors of the Federal Reserve System (Board) requests approval from
the Office of Management and Budget (OMB) to extend for three years, with revision, the
Federal Financial Institutions Examination Council (FFIEC) Consolidated Reports of Condition
and Income (Call Reports) (FFIEC 031, FFIEC 041, and FFIEC 051; OMB No. 7100-0036).
With respect to the Board, these reports are required of state member banks and are filed on a
quarterly basis. The revisions to the Call Reports that are the subject of this request have been
approved by the FFIEC. The Federal Deposit Insurance Corporation (FDIC) and the Office of
the Comptroller of the Currency (OCC) (together with the Board, the agencies) have also
submitted similar requests for OMB review to request this information from depository
institutions under their supervision.
The Board uses the information collected on the Call Reports to fulfill its statutory
obligation to supervise state member banks. State member banks are required to file detailed
schedules of assets, liabilities, and capital accounts in the form of a condition report and
summary statement as well as detailed schedules of operating income and expense, sources and
disposition of income, and changes in equity capital.
The agencies, under the auspices of the FFIEC, are proposing revisions to the Call Report
related to revisions to the enhanced supplementary leverage ratio standard applicable to
depository institution subsidiaries of global systemically important bank holding companies
under the agencies’ regulatory capital rules. These revisions would be effective as of the June 30,
2026, report date.
The current estimated total annual burden for the Call Reports is 128,165 hours, and
would not change with the proposed revisions. The forms and instructions are available on the
FFIEC’s public website at https://www.ffiec.gov/resources/reporting-forms.
2.

Indicate how, by whom, and for what purpose the information is to be used. Except
for a new collection, indicate the actual use the agency has made of the information
received from the current collection.

The Call Reports, which consist of the Reports of Condition and Income, collect basic
financial data from commercial banks in the form of a balance sheet, income statement, and
supporting schedules. The Report of Condition contains supporting schedules that provide detail
on assets, liabilities, and capital accounts. The Report of Income contains supporting schedules
that provide detail on income and expenses.
The Call Reports consist of three reporting forms that apply to different categories of state
member banks. Currently, banks that have foreign offices, that have total consolidated assets of
$100 billion or more, or that are otherwise an advanced approaches institution for regulatory

capital purposes must file the FFIEC 031; banks with domestic offices only and total consolidated
assets of less than $100 billion but at least $5 billion file the FFIEC 041; and banks with domestic
offices only and total assets less than $5 billion generally file the FFIEC 051.1
The information collected by the Call Reports is not available from other sources.
Although there are other reports that collect information similar to certain items on the Call
Reports, the information they collect would be of limited value as a replacement for Call Report
data. For example, the Board collects various data in connection with its measurement of
monetary aggregates, bank credit, and flow of funds. These reports provide the Board with
detailed information relating to balance sheet accounts such as balances due from depository
institutions, loans, and deposit liabilities. These collections of information, however, are collected
on a weekly basis usually prepared as of dates other than the last business day of each quarter.
Moreover, information on bank credit is obtained on a sample basis rather than from all insured
banks. Additionally, institutions below a certain size are exempt entirely from some of these
reporting requirements.
The Board also collects financial data from holding companies on a regular basis.2 Such
data is generally required to be reported for the holding company on a consolidated basis,
including its banking and nonbanking subsidiaries, and on a parent-company-only basis. Data
collected from bank holding companies on a consolidated basis reflect aggregate amounts for all
entities within the organization, including banking and nonbanking subsidiaries, so that the actual
dollar amounts applicable to any banking subsidiary would not be determinable from the holding
company reporting information. Therefore, reports collected from bank holding companies lack
the data necessary to assess the financial condition of individual banks to determine whether there
had been any deterioration in their condition.
Banks are required to transmit their Call Report data electronically. Each bank must
maintain in its files for three years a signed and attested record of its completed report each
quarter.
3.

Describe whether, and to what extent, the collection of information involves the use
of automated, electronic, mechanical, or other technological collection techniques or
other forms of information technology.

Banks are required to transmit their Call Report data electronically. The agencies have
created the Central Data Repository (CDR) as the only method available to banks and savings
associations for submitting their Call Report data. Under the CDR system, institutions file their
Call Report data via the Internet using software that contains the FFIEC’s edits for validating
Call Report data before submission.

1

Except such banks that (1) are advanced approaches institutions or are subject to Category III capital standards for
regulatory capital purposes, (2) are large or highly complex institutions for deposit insurance assessment purposes,
or (3) have elected, or have been required by their primary federal regulator, to file the FFIEC 041.
2
The Board collects standardized financial statements through one or more of the Financial Statements for Holding
Companies (FR Y-9; OMB No. 7100-0128) series.

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4.

Describe efforts to identify duplication. Show specifically why any similar
information already available cannot be used or modified for use for the purposes
described in Item 2 above.

There is no other report or series of reports that collects from all insured banks and
savings associations the regulatory capital and other information gathered through the Call
Reports as a whole. There are other information collection systems that tend to duplicate certain
parts of the Call Report, but the information they provide would be of limited value as a
replacement for the Call Report.
5.

If the collection of information impacts small businesses or other small entities,
describe any methods used to minimize burden.

Of the respondents, 444 are considered small entities as defined by the Small Business
Administration (i.e., entities with less than $850 million in total assets). Size standards effective
March 17, 2023. See https://www.sba.gov/document/support-table-size-standards. Data collected
in the Call Report information collection is tiered to the size and activity levels of reporting
institutions.
The Call Report requires the least amount of data from small institutions with domestic
offices only and less than $5 billion in total assets that file the streamlined FFIEC 051 report
form. Certain institutions with less than $300 million in total assets have fewer items applicable
to them than do institutions with $300 million to $1 billion in assets. In addition, the
supplemental information schedule in the FFIEC 051, which replaced five entire schedules and
parts of certain other schedules that had been in the FFIEC 041, includes nine indicator questions
with “yes”/”no” responses that ask about an institution’s involvement in certain complex or
specialized activities. Only if the response to a particular indicator question is a “yes” is an
institution required to complete an average of three indicator items that provide data on the
extent of the institution’s involvement in that activity.
Exemptions from reporting certain Call Report data within the FFIEC 041 report form
also apply to institutions with less than $500 million, $1 billion, and $10 billion in total assets. In
both the FFIEC 051 and the FFIEC 041, other exemptions are based on activity levels rather than
total assets and these activity-based thresholds tend to benefit small institutions. In addition, for
small institutions with domestic offices only and less than $1 billion in total assets that file the
FFIEC 051, a significant number of data items in the FFIEC 051 report are collected
semiannually or annually rather than quarterly as they had been when these institutions filed the
FFIEC 041 report.
6.

Describe the consequence to Federal program or policy activities if the collection is
not conducted or is conducted less frequently, as well as any technical or legal
obstacles to reducing burden.

The agencies must have condition and income data at least quarterly to properly monitor
individual bank and industry trends and to comply with a statutory requirement to obtain four

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reports of condition per year. Less frequent collection of this information would impair the
agencies’ ability to monitor financial institutions and could delay regulatory response.
7.

Explain any special circumstances that would cause an information collection to be
conducted in a manner inconsistent with 5 CFR 1320.5(d)(2).

This information collection is conducted in a manner consistent with the guidelines in 5
CFR 1320.5(d)(2).
8.

Describe comments in response to the Federal Register notice and efforts to consult
outside the agency.

On July 10, 2025, the agencies, under the auspices of the FFIEC, published an initial
notice in the Federal Register (90 FR 30641) requesting public comment for 60 days on the
extension, with revision, of the Call Reports. The comment period for this notice expired on
September 8, 2025. The agencies did not receive any comments. Therefore, the agencies will
proceed with adding two new line items to Schedule RC-R, Part I, to reflect leverage buffer
requirements. The Call Report instructions for Schedule RC-R, Part I, will also be revised to be
consistent with the capital final rule including incorporation of the eSLR buffer standard
applicable to depository institution subsidiaries of GSIBs equal to 50 percent of a covered
depository institution’s parent GSIB’s method 1 surcharge, capped at one percent. On December
11, 2025, the agencies, under the auspices of the FFIEC, published a final notice in the Federal
Register (90 FR 57529) requesting public comment for 30 days on the extension, with revision,
of the Call Reports. The comment period for this notice expires on January 12, 2026.
9.

Explain any decision to provide any payment or gift to respondents, other than
remuneration of contractors or grantees.
There are no payments or gifts provided to respondents.

10.

Describe any assurance of confidentiality provided to respondents and the basis for
the assurance in statute, regulation, or agency policy. If the collection requires a
systems of records notice (SORN) or privacy impact assessment (PIA), those should
be cited and described here.

Most of the information provided on the Call Reports is made public. However, the
following items are confidential: any amount reported on Schedule RI-E, item 2.g, “FDIC
deposit insurance assessments,” for report dates beginning June 30, 2009; Schedule RC-O,
Memorandum items 6 through 9, 14, and 15, for certain assessment-related data for report dates
beginning June 30, 2011; Schedule RC-O, Memorandum item 18, for two-year probability of
default data for 1-4 family residential mortgage loans and consumer loans and leases for report
dates beginning June 30, 2013; Schedule RC-P, items 7.a and 7.b, for representation and
warranty reserves for 1-4 family residential mortgages sold made to specified parties for report
dates beginning June 30, 2012; and Schedule RC-C, Part I, Memorandum items 17.a and 17.b,
for eligible loan modifications under Section 4013 of the 2020 Coronavirus Aid, Relief, and
Economic Security Act for report dates beginning June 30, 2020. Board staff has determined that

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it is possible to reverse engineer an institution’s Capital, Asset Quality, Management, Earnings,
Liquidity, and Sensitivity (CAMELS) rating based on the data reported under the FDIC deposit
insurance assessment data item and the prepaid deposit insurance assessments data item. If this
information were publicly available, it would be possible to determine the state member bank’s
CAMELS rating. Therefore, this information can be kept confidential under exemption 8 of the
Freedom of Information Act (FOIA) (5 U.S.C. § 552(b)(8)), which specifically exempts from
disclosure information “contained in or related to examination, operating, or condition reports
prepared by, on behalf of, or for the use of an agency responsible for the regulation or
supervision of financial institutions.”
Additionally, to the extent any information contained in the call report is confidential
commercial or financial information, which is both customarily and actually treated as private by
the respondent, the respondent may request confidential treatment pursuant to exemption 4 of the
FOIA (5 U.S.C. § 552(b)(4)).
11.

Provide additional justification for any questions of a sensitive nature.
There are no questions of a sensitive nature.

12.

Provide estimates of the annual hourly burden of the collection of information.

As shown in the table below, the estimated total annual burden for the Call Reports is
128,165 hours, and would not change with the proposed revisions. The estimated average hours
per response for the quarterly filings of the Call Reports is a weighted average of the three
versions of the Call Reports (FFIEC 031, FFIEC 041, and FFIEC 051). Both the weighted
average Call Report burden estimate and the three separate versions of the Call Reports vary 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). The agencies estimate that the recordkeeping burden is usual
and customary, and would not incur any burden. These reporting requirements represent 1.7
percent of the Board’s total paperwork burden.
FFIEC 031, FFIEC 041, and
FFIEC 051
Current

Estimated
number of
respondents

Estimated
annual
frequency

Estimated
average hours
per response

Estimated
annual burden
hours

707

4

45.32

128,165

The estimated total annual cost to the public for the Call Reports is $9,247,105.
Total cost to the responding public is estimated using the following formula: total burden
hours, multiplied by the cost of staffing, where the cost of staffing is calculated as a percent of
time for each occupational group multiplied by the group’s hourly rate and then summed (30%
Office & Administrative Support at $24, 45% Financial Managers at $87, 15% Lawyers at $88,
and 10% Chief Executives at $126). Hourly rates for each occupational group are the (rounded)
mean hourly wages from the Bureau of Labor Statistics (BLS), Occupational Employment and

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Wages, May 2024, published April 2, 2025, https://www.bls.gov/news.release/ocwage.t01.htm.
Occupations are defined using the BLS Standard Occupational Classification System,
https://www.bls.gov/soc/.
13.

Provide an estimate for the total annual cost burden to respondents or record
keepers resulting from the collection of information.
There are no annualized costs to the respondents.

14.

Provide estimates of annualized costs to the Federal government.

The estimated cost to the Federal Reserve System for collecting and processing the
FFIEC 031, FFIEC 041, and FFIEC 051 is $1,836,000 per year.
15.

Explain the reasons for any program changes or adjustments reported on the
burden worksheet.

On July 10, 2025, the agencies published a notice of proposed rulemaking titled
“Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio
Standards for U.S. Global Systemically Important Bank Holding Companies and Their
Subsidiary Depository Institutions; Total Loss-Absorbing Capacity and Long-Term Debt
Requirements for U.S. Global Systemically Important Bank Holding Companies” (capital
proposal).3 The capital proposal would have modified the enhanced supplementary leverage ratio
(eSLR) buffer standard applicable to U.S. top-tier bank holding companies identified as global
systemically important bank holding companies (GSIBs), to equal 50 percent of the bank holding
company’s most recent method 1 GSIB surcharge under the Board’s GSIB surcharge framework,
rather than the current leverage buffer standard of two percent.4 The capital proposal would also
have modified the eSLR standard for depository institution subsidiaries of GSIBs from the
current six percent “well capitalized” threshold under the prompt corrective action framework to
an eSLR buffer standard equal to 50 percent of the most recent bank holding company GSIB’s
method 1 surcharge. The agencies proposed revisions to the Call Report applicable to depository
institution subsidiaries of GSIBs consistent with the capital proposal.
Additionally, in the capital proposal, the Board sought comment on an additional
potential modification of excluding Treasury securities that are reported as trading assets on the
organizations’ balance sheets and that are held at broker-dealer subsidiaries (and foreign
equivalents thereof) that are not subsidiaries of a depository institution from the calculation of
total leverage exposure for depository institution holding companies.
On December 1, 2025, the agencies published a final rule amending their regulatory
capital rule that, among other things, modifies the eSLR standard applicable to depository
institution subsidiaries of GSIBs to an eSLR buffer standard equal to 50 percent of a covered
depository institution’s parent GSIB’s method 1 surcharge, capped at one percent (capital final
3

90 FR 30780 (July 10, 2025).
The Board’s capital rule requires a U.S. GSIB to calculate its GSIB risk-based surcharge in two ways, known as
“method 1” and “method 2,” and apply the higher of the two results. See 12 CFR 217.402.
4

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rule).5 The changes in the capital final rule are effective as of April 1, 2026, with the option to
early adopt starting on January 1, 2026.
For the FFIEC 031 version of the Call Report form, the agencies are proposing to add
two new line items to Schedule RC-R, Regulatory Capital, Part I, Regulatory Capital
Components and Ratios, to reflect leverage buffer requirements, as applicable, under the capital
proposal. Specifically, the agencies would add new line items 56.a, “Leverage buffer standard,”
and 56.b, “Leverage buffer.” These line items would be reported only by respondents that are
depository institution subsidiaries of GSIBs. The agencies additionally would revise the Call
Report instructions consistent with the capital proposal, including the additional criteria for a
depository institution subsidiary of a GSIB to report on Schedule RC-R, Part I, line items 53,
“Eligible retained income,” and 54, “Distributions and discretionary bonus payments during the
quarter,” based on the depository institution’s leverage buffer standard that would be reported in
item 56.a and leverage buffer that would be reported in item 56.b. The agencies plan to make
these revisions to the Call Report forms and instructions effective with the first report date
following the effective date of the capital final rule. Thus, the reporting revisions to the Call
Report would take effect as of the June 30, 2026, report date. For institutions that early adopt the
final rule prior to April 1, 2026, the agencies plan to provide supplemental instructions to
facilitate reporting in the March 31, 2026, Call Report.
16.

Provide information regarding plans for publication of data.

Aggregate data are published in the Federal Reserve Bulletin and the Annual Statistical
Digest. Additionally, data are used in the Uniform Bank Performance Report (UBPR) and the
Annual Report of the FFIEC. Individual respondent data, excluding confidential information, are
available to the public from the National Technical Information Service in Springfield, Virginia,
upon request approximately twelve weeks after the report date. Data are also available from the
FFIEC Central Data Repository Public Data Distribution (CDR PDD) website
(https://cdr.ffiec.gov/public/). Data for the current quarter are made available, shortly after a
bank’s submission, beginning the first calendar day after the report date. Updated or revised data
may replace data already posted at any time thereafter.
17.

If seeking approval to not display the expiration date for OMB approval of the
information collection, explain the reasons that display would be inappropriate.
No such approval is sought.

18.

Explain each exception to the topics of the certification statement identified in
“Certification for Paperwork Reduction Act Submissions.”
There are no exceptions.

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90 FR 55248 (December 1, 2025).

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