Sunshine Act Meeting, 16265 [2013-05959]
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Federal Register / Vol. 78, No. 50 / Thursday, March 14, 2013 / Notices
Description of FDIC Dodd Frank
Annual Stress Test (DFAST) Scenario
Variables Template
To conduct the stress test required
under this rule, a covered bank 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 bank is
required to complete a 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 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.
tkelley on DSK3SPTVN1PROD with NOTICES
Description of Supporting
Documentation
Covered banks with total consolidated
assets of $10 billion to $50 billion must
submit clear documentation of the
projections included in the worksheets
to support efficient and timely review of
annual stress test results by the FDIC.
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 bank’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 FDIC, the
documentation must also describe such
assumptions and how those
assumptions relate to reported
projections. Where historical
relationships are relied upon, the
covered banks must describe the
historical data and provide the basis for
the expectation that these relationships
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would be maintained in each scenario,
particularly under adverse and severely
adverse conditions.
Type of Review: New collection.
Affected Public: State nonmember
banks and state savings associations
supervised by the FDIC with total
consolidated assets of $10 billion to $50
billion.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
Burden Estimates
Sunshine Act Meeting
The FDIC estimates the burden of this
collection of information as follows:
Estimated Number of Respondents:
22.
Estimated Annual Burden per
Respondent: 464 hours.
Estimated Total Annual Burden:
10,208 hours.
The burden for each $10 billion to $50
billion covered bank that completes the
$10B–$50B results template is estimated
to be 440 hours for a total of 9,680
hours. This burden includes 20 hours to
input these data and 420 hours for work
related to modeling efforts. The
estimated burden for each $10 billion to
$50 billion covered bank that completes
the annual DFAST Scenarios Variables
Template is estimated to be 24 hours for
a total of 528 hours. The start-up burden
for new respondents is 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 be 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
FDIC, including whether the
information has practical utility;
(b) The accuracy of the FDIC’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;
(e) Estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information; and
(f) The ability of FDIC-supervised
banks and thrifts with assets between
$10 billion and $50 billion to provide
the requested information to the FDIC
by March 31, 2014.
Dated at Washington, DC, this 7th day of
March 2013.
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[FR Doc. 2013–05914 Filed 3–13–13; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL ELECTION COMMISSION
AGENCY:
Federal Election Commission.
FEDERAL REGISTER CITATION OF PREVIOUS
ANNOUNCMENT —78 FR 14791 (March 7,
2013)
Tuesday, March 12, 2013
at 10:00 a.m.
PLACE: 999 E Street NW., Washington,
DC.
STATUS: This meeting will be closed to
the public.
CHANGES IN THE MEETING —The March
12, 2013 meeting will be continued on
Thursday, March 14, 2013.
PERSON TO CONTACT FOR INFORMATION:
Judith Ingram, Press Officer, Telephone:
(202) 694–1220.
DATE AND TIME:
Shelley E. Garr,
Deputy Secretary of the Commission.
[FR Doc. 2013–05959 Filed 3–12–13; 11:15 am]
BILLING CODE 6715–01–P
FEDERAL TRADE COMMISSION
Agency Information Collection
Activities; Proposed Collection;
Comment Request; Extension
Federal Trade Commission
(‘‘FTC’’ or ‘‘Commission’’).
ACTION: Notice.
AGENCY:
The FTC intends to ask the
Office of Management and Budget
(‘‘OMB’’) to extend through June 30,
2016, the current Paperwork Reduction
Act (‘‘PRA’’) clearance for the FTC’s
enforcement of the information
collection requirements in its regulation
‘‘Duties of Furnishers of Information to
Consumer Reporting Agencies’’
(‘‘Information Furnishers Rule’’), which
applies to certain motor vehicle dealers,
and its shared enforcement with the
Consumer Financial Protection Bureau
(‘‘CFPB’’) of the furnisher provisions
(subpart E) of the CFPB’s Regulation V
regarding other entities. That clearance
expires on June 30, 2013.
DATES: Comments must be filed by May
13, 2013.
ADDRESSES: Interested parties may file a
comment online or on paper, by
following the instructions in the
Request for Comment part of the
SUPPLEMENTARY INFORMATION section
SUMMARY:
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]]>Agencies
[Federal Register Volume 78, Number 50 (Thursday, March 14, 2013)]
[Notices]
[Page 16265]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-05959]
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FEDERAL ELECTION COMMISSION
Sunshine Act Meeting
AGENCY: Federal Election Commission.
FEDERAL REGISTER CITATION OF PREVIOUS ANNOUNCMENT --78 FR 14791 (March
7, 2013)
DATE AND TIME: Tuesday, March 12, 2013 at 10:00 a.m.
PLACE: 999 E Street NW., Washington, DC.
STATUS: This meeting will be closed to the public.
CHANGES IN THE MEETING --The March 12, 2013 meeting will be continued
on Thursday, March 14, 2013.
PERSON TO CONTACT FOR INFORMATION: Judith Ingram, Press Officer,
Telephone: (202) 694-1220.
Shelley E. Garr,
Deputy Secretary of the Commission.
[FR Doc. 2013-05959 Filed 3-12-13; 11:15 am]
BILLING CODE 6715-01-P
