Internal Revenue Service, 15405-15406 [2013-05517]
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Federal Register / Vol. 78, No. 47 / Monday, March 11, 2013 / Notices
that reported on the Scenario Variable
Definitions worksheet), the actual value
of the variable during the third quarter
of the reporting year, and the projected
value of the variable for nine future
quarters.
changes in assets and liabilities that a
covered institution can sustain in an
adverse and severely adverse stress
scenario. This worksheet will also be
used to assess the revenue and loss
projections identified in the income
statement worksheet.
Worksheets: Capital
The capital worksheet, which is
appended to the Balance Sheet, collects
data for the quarter preceding the
planning horizon and for each quarter of
the planning horizon for the stress test
on the following areas:
1. Unrealized gains (losses) on AFS
securities
2. Disallowed deferred tax asset
3. Tier 1 common capital elements
4. Tier 1 capital
5. Tier 2 capital
6. Total risk-based capital
7. Total capital
8. Risk-weighted assets
9. Total assets for leverage purposes
10. Tier 1 common equity ratio
11. Tier 1 risk-based capital ratio
12. Tier 1 leverage ratio
13. Total risk-based capital ratio
Memoranda:
14. Sale, conversion, acquisition or
retirement of capital stock
15. Cash dividends declared on
preferred stock
16. Cash dividends declared on
common stock
Additionally, the Summary Schedule
captures projections for regulatory
capital ratios over the planning horizon
by scenario.
The OCC intends to use these
worksheets to assess the impact on
capital of the projected losses and
projected changes in assets that the
covered institution can sustain in a
stressed scenario. In addition to
reviewing the worksheet in the context
of the balance sheet and income
statement projections, the OCC also
intends to use this worksheet in
assessing capital plans and the capital
planning processes for each covered
institution.
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Description of DFAST Scenario
Variables Template
To conduct the stress test required
under this rule, a covered institution
may need to project additional
economic and financial variables to
estimate losses or revenues for some or
all of its portfolios. In such a case, the
covered institution is required to
complete the DFAST Scenario Variables
worksheet for each scenario where such
additional variables are used to conduct
the stress test. Each scenario worksheet
collects the variable name (matching
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Description of Supporting
Documentation
Covered institutions must submit
clear documentation in support of the
projections included in the worksheets
to support efficient and timely review of
annual stress test results by the OCC.
The supporting documentation should
be submitted electronically and is not
expected to be reported in the
workbooks used for required data
reporting. This supporting
documentation must describe the types
of risks included in the stress test;
describe clearly the methodology used
to produce the stress test projections;
describe the methods used to translate
the macroeconomic factors into a
covered institution’s projections; and
also include an explanation of the most
significant causes for the changes in
regulatory capital ratios. The supporting
documentation also should address the
impact of anticipated corporate events,
including mergers, acquisitions or
divestitures of business lines or entities,
and changes in strategic direction, and
should describe how such changes are
reflected in stress test results, including
the impact on estimates of losses,
expenses and revenues, net interest
margins, non-interest income items, and
balance sheet amounts.
Where company-specific assumptions
are made that differ from the broad
macroeconomic assumptions
incorporated in stress scenarios
provided by the OCC, the
documentation also must describe such
assumptions and how those
assumptions relate to reported
projections. Where historical
relationships are relied upon, the
covered institutions must describe the
historical data and provide the basis for
the expectation that these relationships
would be maintained in each scenario,
particularly under adverse and severely
adverse conditions.
Type of Review: Revision to an
existing collection.
Affected Public: Businesses or other
for-profit.
Estimated Number of Respondents:
26.
Estimated Total Annual Burden:
12,064 hours.
The burden for each $10 to $50 billion
covered institution that completes the
$10-$50B results template is estimated
to be 440 hours for a total of 11,440
hours. This burden includes 20 hours to
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15405
input these data and 420 hours for work
related to modeling efforts. The
estimated burden for each $10 to $50
billion covered institution that
completes the annual DFAST Scenarios
Variables Template is estimated to be 24
hours for a total of 624 hours. Start up
costs for new respondents are estimated
to be 93,600 hours and ongoing
revisions for existing firms, 4,160 hours.
Comments submitted in response to
this notice will be summarized and
included in the request for OMB
approval. All comments will become a
matter of public record. Comments are
invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
OCC, including whether the information
has practical utility;
(b) The accuracy of the OCC’s
estimate of the burden of the collection
of information;
(c) Ways to enhance the quality,
utility, and clarity of the information to
be collected;
(d) Ways to minimize the burden of
the collection on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and,
(e) Estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information.
Dated: March 4, 2013.
Michele Meyer,
Assistant Director, Legislative and Regulatory
Activities Division.
[FR Doc. 2013–05448 Filed 3–8–13; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 706–A
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning Form
SUMMARY:
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15406
Federal Register / Vol. 78, No. 47 / Monday, March 11, 2013 / Notices
706–A, United States Additional Estate
Tax Return.
DATES: Written comments should be
received on or before May 10, 2013 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Yvette Lawrence, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Allan Hopkins,
(202) 622–6665, at Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224, or
through the internet at
Allan.M.Hopkins@irs.gov.
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SUPPLEMENTARY INFORMATION:
Title: United States Additional Estate
Tax Return.
OMB Number: 1545–0016.
Form Number: Form 706–A.
Abstract: Form 706–A is used by
individuals to compute and pay the
additional estate taxes due under Code
section 2032A(c). IRS uses the
information to determine that the taxes
have been properly computed. The form
is also used for the basis election of
section 1016(c)(1).
Current Actions: There were no
changes made to the document that
resulted in any change to the burden
previously reported to OMB. We are
making this submission to renew the
OMB approval.
Type of Review: Extension to
previously approved collection.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
180.
Estimated Time per Respondent: 9
hours 19 minutes.
Estimated Total Annual Burden
Hours: 1,678.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a
collection of information must be
retained as long as their contents may
become material in the administration
of any internal revenue law. Generally,
tax returns and tax return information
are confidential, as required by 26
U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
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Jkt 229001
public record. Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: March 6, 2013.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2013–05517 Filed 3–8–13; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure 2013–
XX
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning
Revenue Procedure 2013–XX, Disaster
Relief.
SUMMARY:
Written comments should be
received on or before May 10, 2013 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Yvette Lawrence, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Yvette Lawrence,
(202) 622–6665, at Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224, or
DATES:
PO 00000
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through the internet at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Disaster Relief.
OMB Number: 1545–2237.
Form Number: Rev. Proc. 2013–XX.
Abstract: This revenue procedure
establishes a procedure for temporary
relief from certain requirements of § 42
of the Internal Revenue Code for owners
of low-income buildings (Owners) and
housing credit agencies of States or
possessions of the United States
(Agencies) affected by major disaster
areas declared by the President under
the Robert T. Stafford Disaster Relief
and Emergency Assistance Act, 42
U.S.C. 5121 et seq. (Stafford Act).
Current Actions: There is no change
in the paperwork burden previously
approved by OMB. This form is being
submitted for renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals and
Households.
Estimated Number of Respondents:
3,500.
Estimated Time per Respondent: 30
minutes.
Estimated Total Annual Burden
Hours: 1,750.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and (e) estimates of capital
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]]>Agencies
[Federal Register Volume 78, Number 47 (Monday, March 11, 2013)]
[Notices]
[Pages 15405-15406]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-05517]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 706-A
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning
Form
[[Page 15406]]
706-A, United States Additional Estate Tax Return.
DATES: Written comments should be received on or before May 10, 2013 to
be assured of consideration.
ADDRESSES: Direct all written comments to Yvette Lawrence, Internal
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Allan
Hopkins, (202) 622-6665, at Internal Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington, DC 20224, or through the internet
at Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: United States Additional Estate Tax Return.
OMB Number: 1545-0016.
Form Number: Form 706-A.
Abstract: Form 706-A is used by individuals to compute and pay the
additional estate taxes due under Code section 2032A(c). IRS uses the
information to determine that the taxes have been properly computed.
The form is also used for the basis election of section 1016(c)(1).
Current Actions: There were no changes made to the document that
resulted in any change to the burden previously reported to OMB. We are
making this submission to renew the OMB approval.
Type of Review: Extension to previously approved collection.
Affected Public: Individuals or households.
Estimated Number of Respondents: 180.
Estimated Time per Respondent: 9 hours 19 minutes.
Estimated Total Annual Burden Hours: 1,678.
The following paragraph applies to all of the collections of
information covered by this notice:
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number.
Books or records relating to a collection of information must be
retained as long as their contents may become material in the
administration of any internal revenue law. Generally, tax returns and
tax return information are confidential, as required by 26 U.S.C. 6103.
Request for Comments: Comments submitted in response to this notice
will be summarized and/or included in the request for OMB approval. All
comments will become a matter of public record. Comments are invited
on: (a) Whether the collection of information is necessary for the
proper performance of the functions of the agency, including whether
the information shall have practical utility; (b) the accuracy of the
agency's estimate of the burden of the collection of information; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology; and (e)
estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Approved: March 6, 2013.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2013-05517 Filed 3-8-13; 8:45 am]
BILLING CODE 4830-01-P
