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FDIC Federal Register Citations

 

October 24, 2005

Mr. Steven F. Hanft
Paperwork Clearance Officer
Room MB-3064
Federal Deposit Insurance Corporation
550 17th Street, NW
Washington, DC 20429

RE: Federal Register Notice of August 23, 2005, for Consolidated Reports of Conditions and Income (Call Report), 3064-0052

Dear Mr. Hanft:

The Bureau of Economic Analysis (BEA) strongly supports the continued collection of data by the Federal Deposit Insurance Corporation on the Call Report. The data collected on these forms are crucial to key components of BEA’s economic statistics.

BEA uses information from the Call Report to prepare the national income and product accounts, the international transactions accounts, the benchmark and annual input output accounts, gross domestic product by industry and gross state product. A list of items we use and a description of our use is attached.

BEA would like you to consider a change on the Schedule RC-E: Deposit Liabilities, line 1, which reads:

1. Individuals, partnerships, and corporations (include all certified and official checks)

To improve sector allocations of depositor services, BEA would like to see this line separated as follows:

1a. Individuals
1b. Sole proprietorships and partnerships
1c. Corporations

We understand that space on the Call Report forms is very limited and would appreciate your willingness to consider the suggested addition.

Please keep BEA informed about any modifications to this form. We are particularly interested in any modifications proposed during the forms approval process that would substantially affect our use of these data. For additional information, please contact Ruth Bramblett, Source Data Coordinator, on 202-606-9653 or by e-mail at Ruth.Bramblett@bea.gov. If you should need assistance in justifying this form to the Office of Management and Budget, please do not hesitate to contact BEA.

Sincerely,

Dennis J. Fixler
Chief Statistician

Attachment:

Call Report Information Used by the Bureau of Economic Analysis

From the Consolidated Report of Condition and Income, data for fees and service charges and on trust department earnings are used to estimate components of personal consumption expenditures in the gross domestic product (GDP) and to prepare estimates of output for banks in the benchmark input-output (I-O) accounts. The data for income, income taxes, cash dividends and provisions for losses are used to prepare estimates of corporate profits and net exports of financial services. Interest paid and received are used to prepare estimates of imputed service charges, net interest, and personal interest income in the national income and product accounts, benchmark and annual I-O accounts, and GDP by industry. Data on deposit holdings are used to allocate the imputed service charges of commercial banks to persons, to business, to government, and to the rest of the world.

The specific schedules and items used are:

Schedule RI Income Statement

Interest and fee income on loans in domestic offices...total Lines 1.a.(1)(a) through 1.a.(1)(f).

Interest and fee income on loans in foreign offices...line 1.a.(2).

Income from lease financing receivables...total for lines 1.b.

Interest income on balances due from depository institutions in domestic offices...line 1.c.

Interest and dividend income on securities...total for lines 1.d.(1) through 1.d.(3).

Interest income from trading assets...line 1.e.

Interest income on federal funds...line 1.f.

Total interest income…line 1.h.

Interest expense…lines 2.a.(1)(a) 2.d.

Provisions for loan and lease losses...line 4.

Noninterest income and expense...lines 5.a., 5.b., 5.c., 5.d., 5.f.(1), 5.f.(2), 7.a., 7.b., 7.c., 7.d.

Income taxes...line 9.

Income (loss) before extraordinary items and other adjustments...line 10.


Schedule RC C Loans and Lease Financing Receivables

Lease financing receivables of U.S. addresses...line 10.a.

Lease financing receivables of non U.S. addresses...line 10.b.

Schedule RC-E-Deposit Liabilities

Deposits of individuals, partnerships and corporations (transaction accounts)...line 1, column A.

Deposits of the US Government (transaction accounts)...line 2, column A.

Deposits of states and political subdivisions in the US (transaction accounts)...line 3, column A.

Deposits of foreign banks and official institutions (transaction accounts)...lines 5 and 6, column A.

Deposits of individuals, partnerships, and corporations (nontransaction accounts)...line 1, column C.

Deposits of the US Government (nontransaction accounts)...line 2, column C.

Deposits of states and political subdivisions in the US (nontransaction accounts)...line 3, column C.

Deposits of foreign banks and official institutions (nontransaction accounts)...lines 5 and 6, column C.




Last Updated 10/24/2005 Regs@fdic.gov

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