This story appeared in Bank Digest.
The Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency are proposing to extend for three years, with revision, a currently approved information collection for each agency entitled "Risk-Based Capital Reporting for Institutions Subject to the Advanced Capital Adequacy Framework" (FFIEC 101). The FFIEC 101 is completed only by banking organizations subject to the advanced approaches risk-based capital rule, which generally applies to banking organizations with $250 billion or more in total consolidated assets or $10 billion or more in on-balance sheet foreign exposures.
On March 1, 2017, the agencies, under the auspices of the Federal Financial Institutions Examination Council, requested public comment on the proposal (see 2017 No. 685). The comment period ended on May 1, 2017, and the agencies did not receive any comments addressing the proposed changes, so they are now submitting requests to the Office of Management and Budget for review and approval of the proposal. The proposed reporting changes would take effect as of the Sept. 30, 2017, report date.
Comments on the current notice must be submitted by July 3, 2017.