Agency Information Collection Activities; Proposed Revision; Comment Request; Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions With Total Consolidated Assets of $10 Billion to $50 Billion Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, 41742-41743 [2014-16832]
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41742
Federal Register / Vol. 79, No. 137 / Thursday, July 17, 2014 / Notices
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities; Proposed Revision;
Comment Request; Company-Run
Annual Stress Test Reporting
Template and Documentation for
Covered Institutions With Total
Consolidated Assets of $10 Billion to
$50 Billion Under the Dodd-Frank Wall
Street Reform and Consumer
Protection Act
Office of the Comptroller of the
Currency, Treasury (OCC).
ACTION: Notice.
AGENCY:
The OCC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other Federal
agencies to comment on this continuing
information collection, as required by
the Paperwork Reduction Act of 1995.
Under the Paperwork Reduction Act,
Federal agencies are required to publish
notice in the Federal Register
concerning each proposed collection of
information and to allow 60 days for
public comment in response to the
notice. An agency may not conduct or
sponsor, and a respondent is not
required to respond to, an information
collection unless it displays a currently
valid Office of Management and Budget
(OMB) control number.
The OCC is soliciting comment on
proposed revisions to the regulatory
reporting templates and documentation
for covered institutions with total
consolidated assets of $10 billion to $50
billion.
DATES: Comments must be received by
September 15, 2014.
ADDRESSES: Because paper mail in the
Washington, DC area and at the OCC is
subject to delay, commenters are
encouraged to submit comments by
email if possible. Comments may be
sent to: Legislative and Regulatory
Activities Division, Office of the
Comptroller of the Currency, Attention:
1557–0311, 400 7th Street SW., Suite
3E–218, Mail Stop 9W–11, Washington,
DC 20219. In addition, comments may
be sent by fax to (571) 465–4326 or by
electronic mail to regs.comments@
occ.treas.gov. You may personally
inspect and photocopy comments at the
OCC, 400 7th Street SW., Washington,
DC 20219. For security reasons, the OCC
requires that visitors make an
appointment to inspect comments. You
may do so by calling (202) 649–6700.
Upon arrival, visitors will be required to
present valid government-issued photo
pmangrum on DSK3VPTVN1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
15:01 Jul 16, 2014
Jkt 232001
identification and to submit to security
screening in order to inspect and
photocopy comments.
All comments received, including
attachments and other supporting
materials, are part of the public record
and subject to public disclosure. Do not
enclose any information in your
comment or supporting materials that
you consider confidential or
inappropriate for public disclosure.
FOR FURTHER INFORMATION CONTACT: You
can request additional information from
or a copy of the collection from Johnny
Vilela or Mary H. Gottlieb, Clearance
Officers, (202) 649–5490, for persons
who are deaf or hard of hearing, TTY,
(202) 649–5597, Legislative and
Regulatory Activities Division, Office of
the Comptroller of the Currency, 400 7th
Street SW., Suite 3E–218, Mail Stop
9W–11, Washington, DC 20219. In
addition, copies of the templates
referenced in this notice can be found
on the OCC’s Web site under Tools and
Forms (https://www.occ.gov/tools-forms/
forms/bank-operations/stress-testreporting.html).
SUPPLEMENTARY INFORMATION:
The OCC is requesting comment on a
revision to the following information
collection:
Title: Company-Run Annual Stress
Test Reporting Template and
Documentation for Covered Institutions
with Total Consolidated Assets of $10
Billion to $50 Billion under the DoddFrank Wall Street Reform and Consumer
Protection Act.
OMB Control No.: 1557–0311.
Description: Section 165(i)(2) of the
Dodd-Frank Wall Street Reform and
Consumer Protection Act 1 (Dodd-Frank
Act) requires certain financial
companies, including national banks
and Federal savings associations, to
conduct annual stress tests 2 and
requires the primary financial regulatory
agency 3 of those financial companies to
issue regulations implementing the
stress test requirements.4 A national
bank or Federal savings association is a
‘‘covered institution,’’ and therefore
subject to the stress test requirements if
its total consolidated assets exceed $10
billion. Under section 165(i)(2), a
covered institution is required to submit
to the Board of Governors of the Federal
Reserve System (Board) and to its
primary financial regulatory agency a
report at such time, in such form, and
containing such information as the
primary financial regulatory agency may
PO 00000
1 Public
Law 111–203, 124 Stat. 1376, July 2010.
U.S.C. 5365(i)(2)(A).
3 12 U.S.C. 5301(12).
4 12 U.S.C. 5365(i)(2)(C).
2 12
Frm 00073
Fmt 4703
Sfmt 4703
require.5 On October 9, 2012, the OCC
published in the Federal Register a final
rule implementing the section 165(i)(2)
annual stress test requirements.6 On
October 22, 2013 the OCC published in
the Federal Register a notice describing
the reports and information required
under section 165(i)(2) for covered
institutions with average total
consolidated assets between $10 to $50
billion.7
On October 11, 2013, the OCC
published in the Federal Register
revised risk-based and leverage capital
requirements that implement the Basel
III regulatory capital reforms and certain
changes required by the Dodd-Frank Act
(revised regulatory capital rule).8 The
revised regulatory capital rule
introduces the new common equity tier
1 capital component and a new common
equity tier 1 capital ratio, changes the
definition of regulatory capital items,
and changes the calculation of riskweighted assets. All banking
organizations must comply with the
revised regulatory capital rule beginning
on January 1, 2015.
The OCC proposes to revise the
reporting templates for institutions with
$10 to $50 billion in assets to reflect the
changes to the revised regulatory capital
rule. Specifically, the OCC proposes to
add a common equity tier 1 capital data
item to the Balance Sheet and a
common equity tier 1 risk-based capital
ratio data item to the Summary
Schedule and Balance Sheet Schedules
(baseline, adverse, and severely adverse
scenarios) in order to reflect the
requirements of the revised regulatory
capital rule. These revisions would be
effective for the 2015 stress test cycle
(using September 2014 data and
November 2014 scenarios with
submission of results in March 2015).9
In addition, the OCC proposes to clarify
the accompanying instructions to
emphasize that institutions should
transition to the revised regulatory
capital rule requirements in its
company-run stress test projections in
the quarter in which the requirements
become effective. Specifically,
institutions would be required to
transition to the revised regulatory
capital rule and begin including the
common equity tier 1 capital data item
and common equity tier 1 risk-based
5 12
U.S.C. 5365(i)(2)(B).
FR 61238, October 9, 2012.
7 78 FR 62942.
8 78 FR 62018.
9 The OCC, the Board, and the Federal Deposit
Insurance Corporation recently proposed revisions
to the schedule of the annual stress test. 79 FR
37231 (July 1, 2014). If the agencies adopt these
revisions, the OCC expects to adjust its reporting
instructions accordingly.
6 77
E:\FR\FM\17JYN1.SGM
17JYN1
pmangrum on DSK3VPTVN1PROD with NOTICES
Federal Register / Vol. 79, No. 137 / Thursday, July 17, 2014 / Notices
capital ratio data item in projected
quarters two (1st quarter 2015) through
nine (4th quarter 2016) for each scenario
for the 2015 stress test cycle.
The OCC also proposes several
clarifications to the reporting
instructions including: Indicating that
the Scenario Variables Schedule would
be collected as a reporting form in
Reporting Central (instead of as a file
submitted in Adobe Acrobat PDF
format) and clarifying how the
supporting qualitative information
should be organized.
The OCC has worked closely with the
Board and the Federal Deposit
Insurance Corporation to make the
agencies’ respective rules implementing
the annual stress testing requirements
under the Dodd-Frank Act consistent
and comparable by requiring similar
standards for scope of application,
scenarios, data collection and reporting
forms. The OCC also has worked to
minimize any potential duplication of
effort related to the annual stress test
requirements.
Type of Review: Revision to an
existing collection.
Affected Public: Businesses or other
for-profit.
Burden Estimates:
Estimated Number of Respondents:
29.
Estimated Total Annual Burden:
13,601 hours.
The burden for each $10 to $50 billion
covered institution that completes the
revised results template is estimated to
be 445 hours for a total of 12,905 hours.
The proposed revisions are estimated to
add 5 hours of additional burden per
respondent, increasing the burden from
440 hours to 445 hours. This burden
includes 20 hours to input these data
and 425 hours for work related to
modeling efforts. The estimated revised
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 696 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;
VerDate Mar<15>2010
15:01 Jul 16, 2014
Jkt 232001
(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: July 14, 2014.
Stuart Feldstein,
Director, Legislative and Regulatory Activities
Division.
[FR Doc. 2014–16832 Filed 7–16–14; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–New
(DBQs—Group 1)]
Proposed Information Collection
(Disability Benefits Questionnaires—
Group 1) Activity: Comment Request
Veterans Benefits
Administration, Department of Veterans
Affairs.
ACTION: Notice.
AGENCY:
The Veterans Benefits
Administration (VBA), Department of
Veterans Affairs (VA), is announcing an
opportunity for public comment on the
proposed collection of certain
information by the agency. Under the
Paperwork Reduction Act (PRA) of
1995, Federal agencies are required to
publish notice in the Federal Register
concerning each proposed collection of
information, including each revision,
and allow 60 days for public comment
in response to the notice. This notice
solicits comments for information
needed to obtain medical evidence to
adjudicate a claim for disability
benefits.
SUMMARY:
Written comments and
recommendations on the proposed
collection of information should be
received on or before September 15,
2014.
DATES:
Submit written comments
on the collection of information through
Federal Docket Management System
(FDMS) at www.Regulations.gov or to
Nancy J. Kessinger, Veterans Benefits
Administration (20M33), Department of
Veterans Affairs, 810 Vermont Avenue
NW., Washington, DC 20420 or email to
nancy.kessinger@va.gov. Please refer to
‘‘OMB Control No. 2900-New (DBQs—
Group 1)’’ in any correspondence.
During the comment period, comments
may be viewed online through FDMS.
ADDRESSES:
PO 00000
Frm 00074
Fmt 4703
Sfmt 4703
41743
FOR FURTHER INFORMATION CONTACT:
Nancy J. Kessinger at (202) 632–8924 or
FAX (202) 632–8925.
SUPPLEMENTARY INFORMATION: Under the
PRA of 1995 (Pub. L. 104–13; 44 U.S.C.
3501–3521), Federal agencies must
obtain approval from the Office of
Management and Budget (OMB) for each
collection of information they conduct
or sponsor. This request for comment is
being made pursuant to Section
3506(c)(2)(A) of the PRA.
With respect to the following
collection of information, VBA invites
comments on: (1) Whether the proposed
collection of information is necessary
for the proper performance of VBA’s
functions, including whether the
information will have practical utility;
(2) the accuracy of VBA’s estimate of the
burden of the proposed collection of
information; (3) ways to enhance the
quality, utility, and clarity of the
information to be collected; and (4)
ways to minimize the burden of the
collection of information on
respondents, including through the use
of automated collection techniques or
the use of other forms of information
technology.
Titles:
a. Hematologic and Lymphatic
Conditions, Including Leukemia
Disability Benefits Questionnaire, VA
Form 21–0960B–2.
b. Amyotrophic Lateral Sclerosis (Lou
Gehrig’s Disease) Disability Benefits
Questionnaire, VA Form 21–0960C–2.
c. Peripheral Nerve Conditions (Not
Including Diabetic Sensory-Motor
Peripheral Neuropathy) Disability
Benefits Questionnaire, VA Form 21–
0960C–10.
d. Persian Gulf and Afghanistan
Infectious Diseases Disability Benefits
Questionnaire, VA Form 21–0960I–1.
e. Tuberculosis Disability Benefits
Questionnaire, VA Form 21–0960I–6.
f. Kidney Conditions (Nephrology)
Disability Benefits Questionnaire, VA
Form 21–0960J–1.
g. Male Reproductive Organ
Conditions Disability Benefits
Questionnaire, VA Form 21–0960J–2.
h. Prostate Cancer Disability Benefits
Questionnaire, VA Form 21–0960J–3.
l. Eating Disorders Disability Benefits
Questionnaire, VA Form 21–0960P–1.
m. Mental Disorders (other than PTSD
and Eating Disorders) Disability Benefits
Questionnaire, VA Form 21–0960P–2.
n. Review Post Traumatic Stress
Disorder (PTSD) Disability Benefits
Questionnaire, VA Form 21–0960P–3.
OMB Control Number: 2900–New
(DBQs—Group 1).
Type of Review: Revised collection.
Abstract: Data collected on VA Form
21–0960 series will be used obtain
E:\FR\FM\17JYN1.SGM
17JYN1
]]>Agencies
[Federal Register Volume 79, Number 137 (Thursday, July 17, 2014)]
[Notices]
[Pages 41742-41743]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-16832]
[[Page 41742]]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities; Proposed Revision;
Comment Request; Company-Run Annual Stress Test Reporting Template and
Documentation for Covered Institutions With Total Consolidated Assets
of $10 Billion to $50 Billion Under the Dodd-Frank Wall Street Reform
and Consumer Protection Act
AGENCY: Office of the Comptroller of the Currency, Treasury (OCC).
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The OCC, as part of its continuing effort to reduce paperwork
and respondent burden, invites the general public and other Federal
agencies to comment on this continuing information collection, as
required by the Paperwork Reduction Act of 1995. Under the Paperwork
Reduction Act, Federal agencies are required to publish notice in the
Federal Register concerning each proposed collection of information and
to allow 60 days for public comment in response to the notice. An
agency may not conduct or sponsor, and a respondent is not required to
respond to, an information collection unless it displays a currently
valid Office of Management and Budget (OMB) control number.
The OCC is soliciting comment on proposed revisions to the
regulatory reporting templates and documentation for covered
institutions with total consolidated assets of $10 billion to $50
billion.
DATES: Comments must be received by September 15, 2014.
ADDRESSES: Because paper mail in the Washington, DC area and at the OCC
is subject to delay, commenters are encouraged to submit comments by
email if possible. Comments may be sent to: Legislative and Regulatory
Activities Division, Office of the Comptroller of the Currency,
Attention: 1557-0311, 400 7th Street SW., Suite 3E-218, Mail Stop 9W-
11, Washington, DC 20219. In addition, comments may be sent by fax to
(571) 465-4326 or by electronic mail to regs.comments@occ.treas.gov.
You may personally inspect and photocopy comments at the OCC, 400 7th
Street SW., Washington, DC 20219. For security reasons, the OCC
requires that visitors make an appointment to inspect comments. You may
do so by calling (202) 649-6700. Upon arrival, visitors will be
required to present valid government-issued photo identification and to
submit to security screening in order to inspect and photocopy
comments.
All comments received, including attachments and other supporting
materials, are part of the public record and subject to public
disclosure. Do not enclose any information in your comment or
supporting materials that you consider confidential or inappropriate
for public disclosure.
FOR FURTHER INFORMATION CONTACT: You can request additional information
from or a copy of the collection from Johnny Vilela or Mary H.
Gottlieb, Clearance Officers, (202) 649-5490, for persons who are deaf
or hard of hearing, TTY, (202) 649-5597, Legislative and Regulatory
Activities Division, Office of the Comptroller of the Currency, 400 7th
Street SW., Suite 3E-218, Mail Stop 9W-11, Washington, DC 20219. In
addition, copies of the templates referenced in this notice can be
found on the OCC's Web site under Tools and Forms (https://www.occ.gov/tools-forms/forms/bank-operations/stress-test-reporting.html).
SUPPLEMENTARY INFORMATION:
The OCC is requesting comment on a revision to the following
information collection:
Title: Company-Run Annual Stress Test Reporting Template and
Documentation for Covered Institutions with Total Consolidated Assets
of $10 Billion to $50 Billion under the Dodd-Frank Wall Street Reform
and Consumer Protection Act.
OMB Control No.: 1557-0311.
Description: Section 165(i)(2) of the Dodd-Frank Wall Street Reform
and Consumer Protection Act \1\ (Dodd-Frank Act) requires certain
financial companies, including national banks and Federal savings
associations, to conduct annual stress tests \2\ and requires the
primary financial regulatory agency \3\ of those financial companies to
issue regulations implementing the stress test requirements.\4\ A
national bank or Federal savings association is a ``covered
institution,'' and therefore subject to the stress test requirements if
its total consolidated assets exceed $10 billion. Under section
165(i)(2), a covered institution is required to submit to the Board of
Governors of the Federal Reserve System (Board) and to its primary
financial regulatory agency a report at such time, in such form, and
containing such information as the primary financial regulatory agency
may require.\5\ On October 9, 2012, the OCC published in the Federal
Register a final rule implementing the section 165(i)(2) annual stress
test requirements.\6\ On October 22, 2013 the OCC published in the
Federal Register a notice describing the reports and information
required under section 165(i)(2) for covered institutions with average
total consolidated assets between $10 to $50 billion.\7\
---------------------------------------------------------------------------
\1\ Public Law 111-203, 124 Stat. 1376, July 2010.
\2\ 12 U.S.C. 5365(i)(2)(A).
\3\ 12 U.S.C. 5301(12).
\4\ 12 U.S.C. 5365(i)(2)(C).
\5\ 12 U.S.C. 5365(i)(2)(B).
\6\ 77 FR 61238, October 9, 2012.
\7\ 78 FR 62942.
---------------------------------------------------------------------------
On October 11, 2013, the OCC published in the Federal Register
revised risk-based and leverage capital requirements that implement the
Basel III regulatory capital reforms and certain changes required by
the Dodd-Frank Act (revised regulatory capital rule).\8\ The revised
regulatory capital rule introduces the new common equity tier 1 capital
component and a new common equity tier 1 capital ratio, changes the
definition of regulatory capital items, and changes the calculation of
risk-weighted assets. All banking organizations must comply with the
revised regulatory capital rule beginning on January 1, 2015.
---------------------------------------------------------------------------
\8\ 78 FR 62018.
---------------------------------------------------------------------------
The OCC proposes to revise the reporting templates for institutions
with $10 to $50 billion in assets to reflect the changes to the revised
regulatory capital rule. Specifically, the OCC proposes to add a common
equity tier 1 capital data item to the Balance Sheet and a common
equity tier 1 risk-based capital ratio data item to the Summary
Schedule and Balance Sheet Schedules (baseline, adverse, and severely
adverse scenarios) in order to reflect the requirements of the revised
regulatory capital rule. These revisions would be effective for the
2015 stress test cycle (using September 2014 data and November 2014
scenarios with submission of results in March 2015).\9\ In addition,
the OCC proposes to clarify the accompanying instructions to emphasize
that institutions should transition to the revised regulatory capital
rule requirements in its company-run stress test projections in the
quarter in which the requirements become effective. Specifically,
institutions would be required to transition to the revised regulatory
capital rule and begin including the common equity tier 1 capital data
item and common equity tier 1 risk-based
[[Page 41743]]
capital ratio data item in projected quarters two (1st quarter 2015)
through nine (4th quarter 2016) for each scenario for the 2015 stress
test cycle.
---------------------------------------------------------------------------
\9\ The OCC, the Board, and the Federal Deposit Insurance
Corporation recently proposed revisions to the schedule of the
annual stress test. 79 FR 37231 (July 1, 2014). If the agencies
adopt these revisions, the OCC expects to adjust its reporting
instructions accordingly.
---------------------------------------------------------------------------
The OCC also proposes several clarifications to the reporting
instructions including: Indicating that the Scenario Variables Schedule
would be collected as a reporting form in Reporting Central (instead of
as a file submitted in Adobe Acrobat PDF format) and clarifying how the
supporting qualitative information should be organized.
The OCC has worked closely with the Board and the Federal Deposit
Insurance Corporation to make the agencies' respective rules
implementing the annual stress testing requirements under the Dodd-
Frank Act consistent and comparable by requiring similar standards for
scope of application, scenarios, data collection and reporting forms.
The OCC also has worked to minimize any potential duplication of effort
related to the annual stress test requirements.
Type of Review: Revision to an existing collection.
Affected Public: Businesses or other for-profit.
Burden Estimates:
Estimated Number of Respondents: 29.
Estimated Total Annual Burden: 13,601 hours.
The burden for each $10 to $50 billion covered institution that
completes the revised results template is estimated to be 445 hours for
a total of 12,905 hours. The proposed revisions are estimated to add 5
hours of additional burden per respondent, increasing the burden from
440 hours to 445 hours. This burden includes 20 hours to input these
data and 425 hours for work related to modeling efforts. The estimated
revised 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 696 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: July 14, 2014.
Stuart Feldstein,
Director, Legislative and Regulatory Activities Division.
[FR Doc. 2014-16832 Filed 7-16-14; 8:45 am]
BILLING CODE 4810-33-P
