[Federal Register Volume 61, Number 251 (Monday, December 30, 1996)]
[Notices]
[Page 68817]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-33037]
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DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
[No. 96-124]
Public Disclosure of Reports of Condition
AGENCY: Office of Thrift Supervision, Treasury.
ACTION: Notice.
SUMMARY: The Office of Thrift Supervision (OTS) revised its Thrift
Financial Report (TFR), effective June, 1996. The revisions to the TFR
format do not affect the availability of information contained in the
TFR. Most information collected in the TFR will continue to be publicly
available pursuant to section 5(v) of the Home Owners' Loan Act.
Information in certain previously identified areas will continue to not
be available to the public because the Director of OTS has determined
that the disclosure of such items would not be in the public interest.
EFFECTIVE DATE: December 30, 1996.
FOR FURTHER INFORMATION CONTACT: Patrick G. Berbakos, Director,
Financial Reporting Division, (202) 906-6720, Office of Thrift
Supervision, 1700 G Street, NW., Washington, DC 20552.
SUPPLEMENTARY INFORMATION: Pursuant to section 5(v) of the Home Owners'
Loan Act, 12 U.S.C. 1464(v), each savings association is required to
make reports of condition to OTS in a form established by OTS. Section
5(v) further requires that such reports and all the information they
contain be available to the public unless the OTS Director determines
that public disclosure of particular information would not protect the
safety or soundness of a particular institution or institutions or the
Savings Association Insurance Fund, or would not otherwise be in the
public interest. If the Director restricts disclosure of any
information for savings associations generally, that fact and the
reason therefor are to be disclosed in the Federal Register.
On August 7, 1990, OTS gave notice that certain information
collected on the TFR would not be publicly disclosed. 55 FR 32168
(August 7, 1990). Over the years, OTS has reviewed and revised the
scope of the information not available for public disclosure. 1
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\1\ Some of this information, Specific Valuation Allowances and
Debt Restructured During the Quarter, was later determined to be
appropriate for disclosure. Those items were disclosed beginning
with the March 1993 TFR. On February 28, 1994, OTS issued a notice
that information used to measure interest rate risk originally
contained in TFR schedule MR was now found in TFR schedule CMR and
would continue to be withheld from disclosure except for aggregate
CMR data for selected industry peer groups. 59 FR 9520 (February 28,
1994).
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Last year, after public notice and comment, OTS substantially
streamlined the TFR, effective June, 1996. This revised TFR format does
not substantively impact the disclosure of TFR information, although
some information that is not publicly available is now located in a
different schedule. All other information collected by the TFR will
continue to be made publicly available.
Information on interest-rate-risk data, loans 30-89 days past due,
and classified assets will continue to be withheld for the reasons set
forth in the August 1990 Notice. As noted in the February 1994 Notice,
aggregate CMR data is publicly available for selected industry peer
groups.
Interest-rate-risk data continues to be located in Schedule CMR.
Schedule PD, Lines 10 and 115 to 150 continues to contain information
on Loans 30-89 Days Past Due. Classified Assets, which was located in
schedule TA, Lines 400-430 on the old TFR, is now found in schedule VA,
Lines 960, 965, 970, and 975 in the streamlined TFR.
Dated: December 19, 1996.
By the Office of Thrift Supervision.
Nicolas P. Retsinas
Director.
[FR Doc. 96-33037 Filed 12-27-96; 8:45 am]
BILLING CODE 6720-01-P
