Agency Information Collection Activities: Proposed Information Collection Revision; Comment Request (3064-0189), 60680-60682 [2015-25408]

Download as PDF 60680 Federal Register / Vol. 80, No. 194 / Wednesday, October 7, 2015 / Notices terminated, the Receiver discharged, and the Receivership Estate has ceased to exist as a legal entity. Dated: October 1, 2015. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2015–25417 Filed 10–6–15; 8:45 am] BILLING CODE 6714–01–P FEDERAL DEPOSIT INSURANCE CORPORATION execute and file any and all documents that may be required to be executed by the Receiver which FDIC-Corporate, in its sole discretion, deems necessary; including but not limited to releases, discharges, satisfactions, endorsements, assignments and deeds. Effective October, 01, 2015 the Receivership Estate has been terminated, the Receiver discharged, and the Receivership Estate has ceased to exist as a legal entity. Dated: September 30, 2015. Federal Deposit Insurance Corporation Notice of Termination; 10087 Security Bank of Houston County, Perry, Georgia Robert E. Feldman, Executive Secretary. The Federal Deposit Insurance Corporation (FDIC), as Receiver for 10087 Security Bank of Houston County, Perry, Georgia (Receiver) has been authorized to take all actions necessary to terminate the receivership estate of Security Bank of Houston County (Receivership Estate); The Receiver has made all dividend distributions required by law. The Receiver has further irrevocably authorized and appointed FDICCorporate as its attorney-in-fact to execute and file any and all documents that may be required to be executed by the Receiver which FDIC-Corporate, in its sole discretion, deems necessary; including but not limited to releases, discharges, satisfactions, endorsements, assignments and deeds. Effective October 1, 2015 the Receivership Estate has been terminated, the Receiver discharged, and the Receivership Estate has ceased to exist as a legal entity. BILLING CODE 6714–01–P Dated: October 1, 2015. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2015–25415 Filed 10–6–15; 8:45 am] BILLING CODE 6714–01–P FEDERAL DEPOSIT INSURANCE CORPORATION asabaliauskas on DSK5VPTVN1PROD with NOTICES Notice of Termination; 10113, InBank, Oak Forest, Illinois The Federal Deposit Insurance Corporation (FDIC), as Receiver for 10113, InBank, Oak Forest, IL (Receiver) has been authorized to take all actions necessary to terminate the receivership estate of InBank (Receivership Estate); The Receiver has made all dividend distributions required by law. The Receiver has further irrevocably authorized and appointed FDICCorporate as its attorney-in-fact to VerDate Sep<11>2014 18:12 Oct 06, 2015 Jkt 238001 [FR Doc. 2015–25409 Filed 10–6–15; 8:45 am] FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Proposed Information Collection Revision; Comment Request (3064–0189) Federal Deposit Insurance Corporation (FDIC). ACTION: Notice and request for comment. AGENCY: The Federal Deposit Insurance Corporation (FDIC), 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 a revision of a 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 proposed information collection revisions and 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 FDIC is soliciting comment concerning its information collection titled, ‘‘Annual Stress Test Reporting Template and Documentation for Covered Banks with Total Consolidated Assets of $10 Billion or More under Dodd-Frank’’ (OMB Control No. 3064–0189). DATES: Comments must be received by December 7, 2015. ADDRESSES: You may submit written comments by any of the following methods: • Agency Web site: http:// www.fdic.gov/regulations/laws/federal/. SUMMARY: PO 00000 Frm 00070 Fmt 4703 Sfmt 4703 Follow the instructions for submitting comments on the FDIC Web site. • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. • Email: Comments@FDIC.gov. Include ‘‘Annual Stress Test Reporting’’ on the subject line of the message. • Mail: Gary A. Kuiper, Counsel, Legislation, Regulations and Opinions Section, MB–3074, Attention: Comments, FDIC, 550 17th Street NW., Washington, DC 20429. • Hand Delivery/Courier: Guard station at the rear of the 550 17th Street Building (located on F Street) on business days between 7:00 a.m. and 5:00 p.m. Public Inspection: All comments received will be posted without change to http://www.fdic.gov/regulations/laws/ federal/ including any personal information provided. Additionally, you may send a copy of your comments: By mail to the U.S. OMB, 725 17th Street NW., #10235, Washington, DC 20503 or by facsimile to 202.395.6974, Attention: Federal Banking Agency Desk Officer. FOR FURTHER INFORMATION CONTACT: You can request additional information from Gary Kuiper, 202.898.3877, Legal Division, FDIC, 550 17th Street NW., MB–3074, Washington, DC 20429. In addition, copies of the templates referenced in this notice can be found on the FDIC’s Web site (http:// www.fdic.gov/regulations/laws/federal/ ). SUPPLEMENTARY INFORMATION: The FDIC is requesting comment on the following revision of an information collection: Annual Stress Test Reporting Template and Documentation for Covered Banks With Total Consolidated Assets of $10 Billion to $50 Billion Under DoddFrank Section 165(i)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act 1 (Dodd-Frank Act) requires certain financial companies, including state nonmember banks and state 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 state nonmember bank or state savings association is a ‘‘covered bank’’ and therefore subject to the stress 1 Public Law 111–203 § 165(i)(2), 124 Stat. 1376, 1430 (July 21, 2010) (codified at 12 U.S.C. § 5365(i)(2). 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). E:\FR\FM\07OCN1.SGM 07OCN1 asabaliauskas on DSK5VPTVN1PROD with NOTICES Federal Register / Vol. 80, No. 194 / Wednesday, October 7, 2015 / Notices test requirements if its total consolidated assets exceed $10 billion. Under section 165(i)(2), a covered bank 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 15, 2012, the FDIC published in the Federal Register a final rule implementing the section 165(i)(2) annual stress test requirement.6 The final rule, codified as Part 325 Subpart C of the FDIC’s rules and regulations,7 requires covered banks to meet specific reporting requirements under section 165(i)(2). In 2013, the FDIC first implemented the reporting templates for covered banks with total consolidated assets of $10 billion to $50 billion and provided instructions for completing the reports.8 This notice describes revisions by the FDIC to those reporting templates, the information required, and related instructions. These information collections will be given confidential treatment to the extent allowed by law (5 U.S.C. 552(b)(4)). Consistent with past practice, the FDIC intends to use the data collected through these revised templates to assess the reasonableness of the stress test results of covered banks and to provide forward-looking information to the FDIC regarding a covered bank’s capital adequacy. The FDIC also may use the results of the stress tests to determine whether additional analytical techniques and exercises could be appropriate to identify, measure, and monitor risks at the covered bank. The stress test results are expected to support ongoing improvement in a covered bank’s stress testing practices with respect to its internal assessments of capital adequacy and overall capital planning. The FDIC recognizes that many covered banks with total consolidated assets of $10 billion to $50 billion are part of a holding company that is also required to submit relevant Dodd Frank Annual Stress Test (DFAST) reports to the Board. The FDIC, Office of Comptroller of the Currency, and Board have coordinated the preparation of stress testing templates in order to make the templates as similar as possible and thereby minimize the burden on affected institutions. These agencies have coordinated in a similar manner 5 12 U.S.C. 5365(i)(2)(B). FR 62417 (October 15, 2012). 7 12 CFR 325.201, et seq. 8 See 78 FR 16263 (March 14, 2013) and 78 FR 63470 (October 24, 2013). 6 77 VerDate Sep<11>2014 18:12 Oct 06, 2015 Jkt 238001 regarding these proposed modifications to the stress testing templates. Therefore, the revisions by the FDIC to its reporting requirements will remain consistent with the modifications that the Board proposes to make to the FR Y–16. Description of Information Collection The FDIC DFAST 10–50 reporting form collects data through two primary schedules: (1) The Results Schedule (which includes the quantitative results of the stress tests under the baseline, adverse, and severely adverse scenarios for each quarter of the planning horizon) and (2) the Scenario Variables Schedule. In addition, respondents are required to submit a summary of the qualitative information supporting their quantitative projections. The qualitative supporting information must include: • A description of the types of risks included in the stress test; • a summary description of the methodologies used in the stress test; • an explanation of the most significant causes for the changes in regulatory capital ratios, and • the use of the stress test results. Results Schedule For each of the three supervisory scenarios (baseline, adverse, and severely adverse), data are reported on two supporting schedules: (1) The Income Statement Schedule and (2) the Balance Sheet Schedule. Therefore, two supporting schedules for each scenario (baseline, adverse, and severely adverse) are completed. In addition, the Results Schedule includes a Summary Schedule, which summarizes key results from the Income Statement and Balance Sheet Schedules. Income statement data are collected on a projected quarterly basis showing projections of revenues and losses. For example, respondents project net charge-offs by loan type (stratified by twelve specific loan types), gains and losses on securities, pre-provision net revenue, and other key components of net income (i.e., provision for loan and lease losses, taxes, etc.). Balance sheet data are collected on a quarterly basis for projections of certain assets, liabilities, and capital. Capital data are also collected on a projected quarterly basis and include components of regulatory capital, including the projections of risk weighted assets and capital actions such as common dividends and share repurchases. Scenario Variables Schedule To conduct the stress tests, an institution may choose to project additional economic and financial PO 00000 Frm 00071 Fmt 4703 Sfmt 4703 60681 variables beyond the mandatory supervisory scenarios provided to estimate losses or revenues for some or all of its portfolios. In such cases, the institution would be required to complete the Scenario Variables Schedule for each scenario where the institution chooses to use additional variables. The Scenario Variables Schedule collects information on the additional scenario variables used over the planning horizon for each supervisory scenario. The proposed revisions to the FDIC DFAST reporting templates for covered banks with assets of $10 billion to $50 billion are described below. Proposed Revisions to Reporting Templates for Banks With $10 Billion to $50 Billion in Assets On November 21, 2014, the FDIC approved a final rule 9 that revised Part 325 Subpart C by modifying the 2016 stress test cycle and each annual cycle thereafter to begin on January 1 of the calendar year rather than October 1, as is provided for by the current rule. Additionally, the final rule modified the ‘‘as of’’ dates for financial data (that covered banks will use to perform their stress tests) as well as the reporting dates and public disclosure dates of the annual stress tests for both $10 billion to $50 billion covered banks and over $50 billion covered banks. Specifically, beginning January 1, 2016, the stress testing cycle that, under the previous rule, would have begun on October 1 of a given calendar year, will begin January 1 of a given calendar year. Beginning with the 2016 stress-testing cycle, the final rule requires covered banks to conduct company-run stress tests using financial data as of December 31 of the preceding calendar year, which represents a three-month shift from September 30 in the previous rule. The FDIC will provide the economic scenarios to be used by covered banks in their company-run stress tests no later than February 15, rather than November 15, as is provided under the previous rule. All $10 billion to $50 billion covered banks will be required to conduct and submit the results of their company-run stress tests to the FDIC by July 31 and publish those results during a period beginning on October 15 and ending October 31. Due to the timing shift of the DoddFrank Act stress test, the FDIC is proposing several changes to conform the data collection to the final rule. The FDIC proposes to revise the FDIC DFAST 10–50 Summary Schedule by 9 79 E:\FR\FM\07OCN1.SGM FR 69385 (November 21, 2014) 07OCN1 60682 Federal Register / Vol. 80, No. 194 / Wednesday, October 7, 2015 / Notices modifying the financial as of date from September 30th to December 31st. This revision is effective for the 2016 stress test cycle (with reporting in July 2016). In addition, the FDIC proposes to clarify the FDIC DFAST 10–50 reporting form instructions to change the submission date from March 31st to July 31st, to change references to the financial ‘‘as of’’ date from September 30th to December 31st, and to update the line items references to the new Call Report Instructions. Burden Estimates The FDIC estimates the burden of this collection of information as follows: 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 savings associations with assets between $10 billion and $50 billion to provide the requested information to the FDIC by July 31, 2016. Dated at Washington, DC, this 30th day of September 2015. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. Current [FR Doc. 2015–25408 Filed 10–6–15; 8:45 am] Number of Respondents: 22. Annual Burden per Respondent: 469 hours. Total Annual Burden: 10,318 hours. BILLING CODE 6714–01–P asabaliauskas on DSK5VPTVN1PROD with NOTICES Proposed Estimated Number of Respondents: 22. Estimated Annual Burden per Respondent: 469 hours. Estimated Total Annual Burden: 10,318 hours. The FDIC does not expect that the changes to the DFAST 10–50 Summary Schedule and reporting form instructions will result in an increase in burden. The burden for each $10 billion to $50 billion covered bank that completes the FDIC DFAST 10–50 Results Template and FDIC DFAST 10– 50 Scenario Variables Template is estimated to be 469 hours. The burden to complete the FDIC DFAST 10–50 Results Template is estimated to be 440 hours, including 20 hours to input these data and 420 hours for work related to modeling efforts. The burden to complete the FDIC DFAST 10–50 Scenario Variables Template is estimated to be 29 hours. The total burden for all 22 respondents to complete both templates is estimated to be 10,318 hours. Comments are invited on all aspects of the proposed changes to the information collection, particularly: (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 VerDate Sep<11>2014 18:12 Oct 06, 2015 Jkt 238001 FEDERAL DEPOSIT INSURANCE CORPORATION Notice of Termination; 10088 Security Bank of Jones County, Gray, Georgia The Federal Deposit Insurance Corporation (FDIC), as Receiver for 10088 Security Bank of Jones County, Gray, Georgia (Receiver) has been authorized to take all actions necessary to terminate the receivership estate of Security Bank of Jones County (Receivership Estate); The Receiver has made all dividend distributions required by law. The Receiver has further irrevocably authorized and appointed FDICCorporate as its attorney-in-fact to execute and file any and all documents that may be required to be executed by the Receiver which FDIC-Corporate, in its sole discretion, deems necessary; including but not limited to releases, discharges, satisfactions, endorsements, assignments and deeds. Effective October 1, 2015 the Receivership Estate has been terminated, the Receiver discharged, and the Receivership Estate has ceased to exist as a legal entity. Dated: October 1, 2015. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2015–25416 Filed 10–6–15; 8:45 am] BILLING CODE 6714–01–P FEDERAL MARITIME COMMISSION Notice of Agreements Filed The Commission hereby gives notice of the filing of the following agreements under the Shipping Act of 1984. Interested parties may submit comments PO 00000 Frm 00072 Fmt 4703 Sfmt 4703 on the agreements to the Secretary, Federal Maritime Commission, Washington, DC 20573, within twelve days of the date this notice appears in the Federal Register. Copies of the agreements are available through the Commission’s Web site (www.fmc.gov) or by contacting the Office of Agreements at (202) 523–5793 or tradeanalysis@fmc.gov. Agreement No.: 012155–003. Title: MSC/Zim South America East Coast Vessel Sharing Agreement. Parties: Mediterranean Shipping Co. S.A. and Zim Intergrated Shipping Services Ltd. Filing Party: Mark E. Newcomb; Zim American Integrated Shipping Services Company, LLC; 5801 Lake Wright Drive, Norfolk, VA 23508. Synopsis: The amendment would revise the vessel contribution of the parties, delineate the allocation of capacity on each sailing, and delete the minimum duration provisions. Agreement No.: 012297–002. Title: ECNA/ECSA Vessel Sharing Agreement. Parties: Hamburg Sud; Alianca Navegacao e Logistica Ltds. e CIA; Companhia Libra de Navegacao; Compania Libra de Navegacion Uruguay S.A.; Hapag-Lloyd AG; and Nippon Yusen Kabushiki Kaisha. Filing Party: Wayne Rohde, Esq.; Cozen O’Connor; 1200 19th Street NW., Washington, DC 20036. Synopsis: The agreement would delete NYK and Compania Libra de Navegacion Uruguay S.A as parties to the agreement and revise the vessel provision, space allocation provisions, and other language in the agreement accordingly. Agreement No.: 012362. Title: Hoegh/SC Line S.A. Mexico Jamaica Space Charter Agreement. Parties: Hoegh Autoliners AS and SC Line S.A. Filing Party: Wayne Rohde, Esq.; Cozen O’Connor; 1200 19th Street NW., Washington, DC 20036. Synopsis: The agreement authorizes the parties to charter space from/to one another from Mexico to the East and Gulf Coasts of the U.S., and from the East and Gulf Coasts of the U.S. to Jamaica. Agreement No.: 012363. Title: The ‘‘K’’ Line/SC Line Space Charter and Sailing Agreement. Parties: Kawasaki Kisen Kaisha, Ltd. and SC Line, S.A. Filing Party: Joe De Braga; Global Maritime Transportation Services, Inc.; 120 Graham Way, Suite 170, Shelburne, VT 05482. Synopsis: The agreement authorizes ‘‘K’’ Line to charter space to SC Line in E:\FR\FM\07OCN1.SGM 07OCN1

Agencies

[Federal Register Volume 80, Number 194 (Wednesday, October 7, 2015)]
[Notices]
[Pages 60680-60682]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-25408]


-----------------------------------------------------------------------

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Information 
Collection Revision; Comment Request (3064-0189)

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

-----------------------------------------------------------------------

SUMMARY: The Federal Deposit Insurance Corporation (FDIC), 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 a revision of a 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 proposed information 
collection revisions and 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 FDIC is soliciting comment concerning its information collection 
titled, ``Annual Stress Test Reporting Template and Documentation for 
Covered Banks with Total Consolidated Assets of $10 Billion or More 
under Dodd-Frank'' (OMB Control No. 3064-0189).

DATES: Comments must be received by December 7, 2015.

ADDRESSES: You may submit written comments by any of the following 
methods:
     Agency Web site: http://www.fdic.gov/regulations/laws/federal/. Follow the instructions for submitting comments on the FDIC 
Web site.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: Comments@FDIC.gov. Include ``Annual Stress Test 
Reporting'' on the subject line of the message.
     Mail: Gary A. Kuiper, Counsel, Legislation, Regulations 
and Opinions Section, MB-3074, Attention: Comments, FDIC, 550 17th 
Street NW., Washington, DC 20429.
     Hand Delivery/Courier: Guard station at the rear of the 
550 17th Street Building (located on F Street) on business days between 
7:00 a.m. and 5:00 p.m.
    Public Inspection: All comments received will be posted without 
change to http://www.fdic.gov/regulations/laws/federal/ including any 
personal information provided.
    Additionally, you may send a copy of your comments: By mail to the 
U.S. OMB, 725 17th Street NW., #10235, Washington, DC 20503 or by 
facsimile to 202.395.6974, Attention: Federal Banking Agency Desk 
Officer.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
from Gary Kuiper, 202.898.3877, Legal Division, FDIC, 550 17th Street 
NW., MB-3074, Washington, DC 20429. In addition, copies of the 
templates referenced in this notice can be found on the FDIC's Web site 
(http://www.fdic.gov/regulations/laws/federal/).

SUPPLEMENTARY INFORMATION: The FDIC is requesting comment on the 
following revision of an information collection:

Annual Stress Test Reporting Template and Documentation for Covered 
Banks With Total Consolidated Assets of $10 Billion to $50 Billion 
Under Dodd-Frank

    Section 165(i)(2) of the Dodd-Frank Wall Street Reform and Consumer 
Protection Act \1\ (Dodd-Frank Act) requires certain financial 
companies, including state nonmember banks and state 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 state 
nonmember bank or state savings association is a ``covered bank'' and 
therefore subject to the stress

[[Page 60681]]

test requirements if its total consolidated assets exceed $10 billion. 
Under section 165(i)(2), a covered bank 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 15, 2012, the FDIC 
published in the Federal Register a final rule implementing the section 
165(i)(2) annual stress test requirement.\6\ The final rule, codified 
as Part 325 Subpart C of the FDIC's rules and regulations,\7\ requires 
covered banks to meet specific reporting requirements under section 
165(i)(2). In 2013, the FDIC first implemented the reporting templates 
for covered banks with total consolidated assets of $10 billion to $50 
billion and provided instructions for completing the reports.\8\ This 
notice describes revisions by the FDIC to those reporting templates, 
the information required, and related instructions. These information 
collections will be given confidential treatment to the extent allowed 
by law (5 U.S.C. 552(b)(4)).
---------------------------------------------------------------------------

    \1\ Public Law 111-203 Sec.  165(i)(2), 124 Stat. 1376, 1430 
(July 21, 2010) (codified at 12 U.S.C. Sec.  5365(i)(2).
    \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 62417 (October 15, 2012).
    \7\ 12 CFR 325.201, et seq.
    \8\ See 78 FR 16263 (March 14, 2013) and 78 FR 63470 (October 
24, 2013).
---------------------------------------------------------------------------

    Consistent with past practice, the FDIC intends to use the data 
collected through these revised templates to assess the reasonableness 
of the stress test results of covered banks and to provide forward-
looking information to the FDIC regarding a covered bank's capital 
adequacy. The FDIC also may use the results of the stress tests to 
determine whether additional analytical techniques and exercises could 
be appropriate to identify, measure, and monitor risks at the covered 
bank. The stress test results are expected to support ongoing 
improvement in a covered bank's stress testing practices with respect 
to its internal assessments of capital adequacy and overall capital 
planning.
    The FDIC recognizes that many covered banks with total consolidated 
assets of $10 billion to $50 billion are part of a holding company that 
is also required to submit relevant Dodd Frank Annual Stress Test 
(DFAST) reports to the Board. The FDIC, Office of Comptroller of the 
Currency, and Board have coordinated the preparation of stress testing 
templates in order to make the templates as similar as possible and 
thereby minimize the burden on affected institutions. These agencies 
have coordinated in a similar manner regarding these proposed 
modifications to the stress testing templates. Therefore, the revisions 
by the FDIC to its reporting requirements will remain consistent with 
the modifications that the Board proposes to make to the FR Y-16.

Description of Information Collection

    The FDIC DFAST 10-50 reporting form collects data through two 
primary schedules: (1) The Results Schedule (which includes the 
quantitative results of the stress tests under the baseline, adverse, 
and severely adverse scenarios for each quarter of the planning 
horizon) and (2) the Scenario Variables Schedule. In addition, 
respondents are required to submit a summary of the qualitative 
information supporting their quantitative projections. The qualitative 
supporting information must include:
     A description of the types of risks included in the stress 
test;
     a summary description of the methodologies used in the 
stress test;
     an explanation of the most significant causes for the 
changes in regulatory capital ratios, and
     the use of the stress test results.

Results Schedule

    For each of the three supervisory scenarios (baseline, adverse, and 
severely adverse), data are reported on two supporting schedules: (1) 
The Income Statement Schedule and (2) the Balance Sheet Schedule. 
Therefore, two supporting schedules for each scenario (baseline, 
adverse, and severely adverse) are completed. In addition, the Results 
Schedule includes a Summary Schedule, which summarizes key results from 
the Income Statement and Balance Sheet Schedules.
    Income statement data are collected on a projected quarterly basis 
showing projections of revenues and losses. For example, respondents 
project net charge-offs by loan type (stratified by twelve specific 
loan types), gains and losses on securities, pre-provision net revenue, 
and other key components of net income (i.e., provision for loan and 
lease losses, taxes, etc.).
    Balance sheet data are collected on a quarterly basis for 
projections of certain assets, liabilities, and capital. Capital data 
are also collected on a projected quarterly basis and include 
components of regulatory capital, including the projections of risk 
weighted assets and capital actions such as common dividends and share 
repurchases.

Scenario Variables Schedule

    To conduct the stress tests, an institution may choose to project 
additional economic and financial variables beyond the mandatory 
supervisory scenarios provided to estimate losses or revenues for some 
or all of its portfolios. In such cases, the institution would be 
required to complete the Scenario Variables Schedule for each scenario 
where the institution chooses to use additional variables. The Scenario 
Variables Schedule collects information on the additional scenario 
variables used over the planning horizon for each supervisory scenario.
    The proposed revisions to the FDIC DFAST reporting templates for 
covered banks with assets of $10 billion to $50 billion are described 
below.

Proposed Revisions to Reporting Templates for Banks With $10 Billion to 
$50 Billion in Assets

    On November 21, 2014, the FDIC approved a final rule \9\ that 
revised Part 325 Subpart C by modifying the 2016 stress test cycle and 
each annual cycle thereafter to begin on January 1 of the calendar year 
rather than October 1, as is provided for by the current rule. 
Additionally, the final rule modified the ``as of'' dates for financial 
data (that covered banks will use to perform their stress tests) as 
well as the reporting dates and public disclosure dates of the annual 
stress tests for both $10 billion to $50 billion covered banks and over 
$50 billion covered banks.
---------------------------------------------------------------------------

    \9\ 79 FR 69385 (November 21, 2014)
---------------------------------------------------------------------------

    Specifically, beginning January 1, 2016, the stress testing cycle 
that, under the previous rule, would have begun on October 1 of a given 
calendar year, will begin January 1 of a given calendar year. Beginning 
with the 2016 stress-testing cycle, the final rule requires covered 
banks to conduct company-run stress tests using financial data as of 
December 31 of the preceding calendar year, which represents a three-
month shift from September 30 in the previous rule. The FDIC will 
provide the economic scenarios to be used by covered banks in their 
company-run stress tests no later than February 15, rather than 
November 15, as is provided under the previous rule.
    All $10 billion to $50 billion covered banks will be required to 
conduct and submit the results of their company-run stress tests to the 
FDIC by July 31 and publish those results during a period beginning on 
October 15 and ending October 31.
    Due to the timing shift of the Dodd-Frank Act stress test, the FDIC 
is proposing several changes to conform the data collection to the 
final rule.
    The FDIC proposes to revise the FDIC DFAST 10-50 Summary Schedule 
by

[[Page 60682]]

modifying the financial as of date from September 30th to December 
31st. This revision is effective for the 2016 stress test cycle (with 
reporting in July 2016).
    In addition, the FDIC proposes to clarify the FDIC DFAST 10-50 
reporting form instructions to change the submission date from March 
31st to July 31st, to change references to the financial ``as of'' date 
from September 30th to December 31st, and to update the line items 
references to the new Call Report Instructions.

Burden Estimates

    The FDIC estimates the burden of this collection of information as 
follows:

Current

    Number of Respondents: 22.
    Annual Burden per Respondent: 469 hours.
    Total Annual Burden: 10,318 hours.

Proposed

    Estimated Number of Respondents: 22.
    Estimated Annual Burden per Respondent: 469 hours.
    Estimated Total Annual Burden: 10,318 hours.
    The FDIC does not expect that the changes to the DFAST 10-50 
Summary Schedule and reporting form instructions will result in an 
increase in burden. The burden for each $10 billion to $50 billion 
covered bank that completes the FDIC DFAST 10-50 Results Template and 
FDIC DFAST 10-50 Scenario Variables Template is estimated to be 469 
hours. The burden to complete the FDIC DFAST 10-50 Results Template is 
estimated to be 440 hours, including 20 hours to input these data and 
420 hours for work related to modeling efforts. The burden to complete 
the FDIC DFAST 10-50 Scenario Variables Template is estimated to be 29 
hours. The total burden for all 22 respondents to complete both 
templates is estimated to be 10,318 hours.
    Comments are invited on all aspects of the proposed changes to the 
information collection, particularly:
    (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 savings associations 
with assets between $10 billion and $50 billion to provide the 
requested information to the FDIC by July 31, 2016.

    Dated at Washington, DC, this 30th day of September 2015.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2015-25408 Filed 10-6-15; 8:45 am]
 BILLING CODE 6714-01-P