Agency Information Collection Activities: Revision of an Approved Information Collection; Comment Request; Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions With Total Consolidated Assets of $50 Billion or More Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, 71915-71918 [2015-29211]

Download as PDF 71915 Federal Register / Vol. 80, No. 221 / Tuesday, November 17, 2015 / Notices This notice is provided in accordance with the Federal Advisory Committee Act (Pub. L. 92–463, 5 U.S.C. App. 2). As noted above, TRACS is a Federal Advisory Committee established to provide information, advice, and recommendations to the Secretary and the Administrator of the Federal Transit Administration (FTA) on matters relating to the safety of public transportation systems. TRACS is currently composed of 28 members representing a broad base of expertise necessary to discharge its responsibilities. The tentative agenda for this meeting of TRACS is set forth below: SUPPLEMENTARY INFORMATION: Agenda mstockstill on DSK4VPTVN1PROD with NOTICES (1) Welcome Remarks/Introductions (2) Previously Issued Recommendations (3) Organizational and Activity Update from the FTA Office of Transit Safety and Oversight (TSO) (4) Public Comments (5) Wrap Up As previously noted, this meeting will be accessible to the public. Persons wishing to participate must contact Bridget Zamperini, Federal Transit Administration, Office of Transit Safety and Oversight, at (202) 366–0306 or TRACS@dot.gov on or before November 27, 2015, to receive the information necessary to access the virtual meeting. Members of the public who wish to make an oral statement during the meeting or require special accommodations are also directed to make a request to Bridget Zamperini at (202) 366–0306 or TRACS@dot.gov on or before November 27, 2015. Provisions will be made to include oral statements on the agenda, if needed. Members of the public may submit written comments or suggestions concerning the activities of TRACS at any time before or after the meeting at TRACS@dot.gov, or to the attention of Bridget Zamperini at the U.S. Department of Transportation, Federal Transit Administration, Office of Transit Safety and Oversight, Room E45–310, 1200 New Jersey Avenue SE., Washington, DC 20590. Information from the meeting will be posted on FTA’s public Web site at https://www.fta.dot.gov/about/ 13099.html. Written comments submitted to TRACS will also be posted at the above Web address. Therese W. McMillan, Acting Administrator. [FR Doc. 2015–29178 Filed 11–16–15; 8:45 am] BILLING CODE P VerDate Sep<11>2014 18:14 Nov 16, 2015 Jkt 238001 DEPARTMENT OF TRANSPORTATION Maritime Administration Meeting Notice—U.S. Marine Transportation System National Advisory Council Maritime Administration, Department of Transportation. ACTION: Notice of advisory council public meeting. AGENCY: The Maritime Administration (MARAD) announces a public meeting of its U.S. Marine Transportation System National Advisory Council (MTSNAC or Council) to discuss advice and recommendations it would like to provide to the U.S. Department of Transportation for consideration on the development of a National Maritime Strategy, integration of Marine Highways into the national transportation system and options to provide a steady and reliable funding mechanism for port infrastructure development. SUMMARY: The meeting will be held on Tuesday, December 1, 2015 from 10:00 a.m. to 4:00 p.m., Eastern Standard Time. DATES: The meeting will be held at the U.S. Department of Transportation, Federal Motor Carrier Safety Administration, National Training Center, 1310 N. Courthouse Road, Suite 600, Arlington, VA 22201–2508. FOR FURTHER INFORMATION CONTACT: Tretha Chromey, Acting Designated Federal Officer at (202) 366–1630 or MTSNAC@dot.gov or visit the MTSNAC Web site at https://www.marad.dot.gov/ ports/marine-transportation-systemmts/marine-transportation-systemnational-advisory-committee-mtsnac/. SUPPLEMENTARY INFORMATION: The MTSNAC is a Federal advisory committee within MARAD that advises the U.S. Department of Transportation on issues related to the marine transportation system. The MTSNAC was originally established in 1999 and mandated in 2007 by the Energy Independence and Security Act of 2007. The MTSNAC operates in accordance with the provisions of the Federal Advisory Committee Act (FACA). ADDRESSES: Agenda The agenda will include: (1) Welcome, opening remarks and introductions; (2) MTSNAC members discussion on a National Maritime Strategy; (3) subcommittee updates and proposed recommendations and (4) public comment. The meeting agenda will be posted on the MTSNAC Web site PO 00000 Frm 00146 Fmt 4703 Sfmt 4703 at https://www.marad.dot.gov/ports/ marine-transportation-system-mts/ marine-transportation-system-nationaladvisory-committee-mtsnac/. Public Participation The meeting will be open to the public. Members of the public who wish to attend in person are asked to RSVP to MTSNAC@dot.gov with your name and affiliation no later than November 23, 2015, in order to facilitate entry and guarantee seating. Services for Individuals with Disabilities: The public meeting is physically accessible to people with disabilities. Individuals requiring accommodations, such as sign language interpretation or other ancillary aids are asked to notify Ms. Tretha Chromey, at (202) 366–1630 or MTSNAC@dot.gov five (5) business days before the meeting. Written comments: Persons who wish to submit written comments for consideration by the Council must email MTSNAC@dot.gov, or send them to Ms. Tretha Chromey, Acting Designated Federal Officer, Marine Transportation System National Advisory Council, 1200 New Jersey Avenue SE., W21–306, Washington, DC 20590 by November 23, 2015 to provide sufficient time for review. All other comments may be received at any time before or after the meeting. Authority: 49 CFR part 1.93(a); 5 U.S.C. 552b; 41 CFR parts 102–3; 5 U.S.C. app. Sections 1–16. * * * * * By Order of the Maritime Administrator. Dated: November 10, 2015. T. Mitchell Hudson, Jr., Secretary, Maritime Administration. [FR Doc. 2015–29193 Filed 11–16–15; 8:45 am] BILLING CODE 4910–81–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Revision of an Approved Information Collection; Comment Request; Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions With Total Consolidated Assets of $50 Billion or More Under the Dodd-Frank Wall Street Reform and Consumer Protection Act Office of the Comptroller of the Currency, Treasury (OCC). ACTION: Notice and request for comment. AGENCY: E:\FR\FM\17NON1.SGM 17NON1 71916 Federal Register / Vol. 80, No. 221 / Tuesday, November 17, 2015 / Notices 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 a revision to this information collection, as required by the Paperwork Reduction Act of 1995. 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. Currently, the OCC is soliciting comment concerning a revision to a regulatory reporting requirement for national banks and federal savings associations titled, ‘‘Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of $50 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act.’’ DATES: Comments must be received by January 19, 2016. 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 prainfo@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 or, for persons who are deaf or hard of hearing, TTY, (202) 649–5597. Upon arrival, visitors will be required to present valid government-issued photo identification and 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 include any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt or Mary H. Gottlieb, OCC Clearance Officers, (202) 649–5490 or, 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 St. SW., mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:14 Nov 16, 2015 Jkt 238001 Washington, DC 20219. In addition, copies of the templates referenced in this notice can be found on the OCC’s Web site under News and Issuances (https://www.occ.treas.gov/tools-forms/ forms/bank-operations/stress-testreporting.html). SUPPLEMENTARY INFORMATION: The OCC is requesting comment on the following revision to an approved information collection: Title: Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of $50 Billion or More 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 are more than $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 requirement.6 This rule describes the reports and information collections required to meet the reporting requirements under section 165(i)(2). These information collections will be given confidential treatment (5 U.S.C. 552(b)(4)). In 2012, the OCC first implemented the reporting templates referenced in the final rule. See 77 FR 49485 (August 16, 2012) and 77 FR 66663 (November 6, 2012). The OCC is now revising them as described below. The OCC intends to use the data collected to assess the reasonableness of 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). 5 12 U.S.C. 5365(i)(2)(B). 6 77 FR 61238 (October 9, 2012) (codified at 12 CFR 46). 2 12 PO 00000 Frm 00147 Fmt 4703 Sfmt 4703 the stress test results of covered institutions and to provide forwardlooking information to the OCC regarding a covered institution’s capital adequacy. The OCC 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 institution. The stress test results are expected to support ongoing improvement in a covered institution’s stress testing practices with respect to its internal assessments of capital adequacy and overall capital planning. The OCC recognizes that many covered institutions with total consolidated assets of $50 billion or more are required to submit reports using CCAR reporting form FR Y–14A.7 The OCC also recognizes the Board has a proposal to modify the FR Y–14A out for comment and, to the extent practical, the OCC will keep its reporting requirements consistent with the Board’s FR Y–14A in order to minimize burden on covered institutions.8 Therefore, the OCC is proposing to revise its reporting requirements to remain consistent with the Board’s proposed FR Y–14A for covered institutions with total consolidated assets of $50 billion or more. The OCC is also proposing to revise the Scenario Schedule, which collects information on scenario variables beyond those provided by the OCC. The purpose of this revision is to require further clarity on the definitions of the additional scenario variables. Proposed Revisions to Reporting Templates for Institutions With $50 Billion or More in Assets The proposed revisions to the DFAST–14A reporting templates consist of the following: • Bank-specific scenario: Covered institutions would be required to submit bank-specific baseline and stress scenarios and projections for 2017 and will have the option to do so for 2016; • Largest counterparty default: For the largest trading covered institutions that also submit the Global Market Shock scenario, they would be required to assume the default of their largest counterparty in the supervisory severely adverse and adverse scenarios for 2017 and will have the option to do so for 2016; • Advanced approaches banks: (1) Delay incorporation of the supplemental leverage ratio for one year and (2) 7 https://www.federalreserve.gov/reportforms. 8 80 FR 55631 (Sept. 16, 2015). E:\FR\FM\17NON1.SGM 17NON1 Federal Register / Vol. 80, No. 221 / Tuesday, November 17, 2015 / Notices indefinitely defer the use of the advance approaches for stress testing projections; • Reporting Template and Supporting Documentation Changes: Clarifying instructions, adding data items, deleting data items, and redefining existing data items. This includes an expansion of the information collected in the scenario schedule. The proposed revisions also include a shift of the as-of date in accordance with modifications to the OCC’s stress testing rule.9 • These revisions also reflect the implementation of the final Basel III regulatory capital rule. On July 9, 2013, the OCC approved a joint final rule that will revise and replace the OCC’s riskbased and leverage capital requirements to be consistent with agreements reached by the Basel Committee on Banking Supervision in ‘‘Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems’’ (Basel III).10 Accordingly, the proposed revisions would reflect the fact that institutions will no longer report items based on the pre-Basel III capital rules. Bank-Specific Scenarios Covered institutions would be required to submit bank-specific baseline and bank-specific stress scenarios and associated projections for the 2017 annual stress testing submission and may do so optionally for the 2016 annual stress testing submission. While supervisory scenarios provide a homogeneous scenario and a consistent market-wide view of the condition of the banking sector, these prescribed scenarios may not fully capture all of the risks that may be associated with a particular institution. The proposed revisions would require covered institutions to provide bank-specific baseline and bank-specific stress scenarios. The OCC recognizes that the Board requires bank holding companies (BHCs) to submit BHC-specific baseline and stress scenarios and projections. Where OCC-covered institutions also submit BHC-specific scenarios, the OCC would require that bank-specific scenarios would be consistent with the BHC-specific scenarios. mstockstill on DSK4VPTVN1PROD with NOTICES Largest Counterparty Default Covered institutions that currently complete the Global Market Shock would also be required to complete the Largest Counterparty Default component for the 2017 submission and have the option to do so for the 2016 submission. 9 See 79 FR 71630 (Dec. 3, 2014) (shifting the dates of the annual stress testing cycle). 10 https://www.occ.gov/news-issuances/newsreleases/2013/nr-occ-2013-110.html. VerDate Sep<11>2014 18:14 Nov 16, 2015 Jkt 238001 This is currently required by the Board, and the OCC would adopt a similar requirement to enhance consistency and reduce regulatory burden. Supplemental Leverage Ratio The supplementary leverage ratio requirement applies only to covered institutions that use the advanced approaches to calculate their minimum regulatory capital requirements. For these covered institutions, the proposal would delay the incorporation of the supplementary leverage ratio in stress testing projections for one year. Under the proposal, these covered institutions would not be required to include an estimate of the supplementary leverage ratio for the stress test cycle beginning on January 1, 2016. The OCC understands that the Board is proposing a similar requirement, and the OCC would adopt a similar requirement to enhance consistency and reduce regulatory burden. Advanced Approaches Covered institutions have noted that the use of advanced approaches in stress test rules would require significant resources and would introduce complexity and opacity. In light of the concerns raised by these covered institutions, and pending a review of how the stress test rules interact with the regulatory capital rules as described above, the proposal would delay until further notice the use of the advanced approaches for calculating risk-based capital requirements for purposes of the capital plan and stress test rule. Other Reporting Template and Instruction Changes The proposed revisions to the DFAST–14A consist of clarifying instructions, adding and removing schedules, adding, deleting, and modifying existing data items, and altering the as-of dates. These proposed changes would (1) increase consistency between the DFAST–14A with the FR Y–14A, Call Report, FFIEC 101, and FFIEC 102; (2) remove the requirement to calculate tier 1 common capital and the tier 1 common ratio; (3) shift the asof dates by one quarter in accordance with the modifications to the stress test rules; (4) modify and expand the supporting documentation requirements; and (5) increase the historical information collected in the scenario schedule in order to facilitate comparisons of the data. Furthermore, the OCC understands that the Board is currently collecting information for the Summary Schedule via XML scheme technology, and the OCC would use a similar format to enhance consistency PO 00000 Frm 00148 Fmt 4703 Sfmt 4703 71917 and reduce regulatory burden. Technical details on these forms will be provided separately. Schedule A (Summary)—A.1.c.1 (General RWA) This schedule would be removed in accordance with the proposed revisions to eliminate use of the tier 1 common ratio, effective for the 2016 DFAST submission. However, in order to mitigate operational issues and allow for appropriate time to adjust internal systems to accommodate changes this schedule would remain part of the technical XML instructions for the 2016 DFAST submission. Schedule A (Summary)—Revisions to Schedule A.1.c.2 (Standardized RWA) This schedule would be modified to increase consistency with the FFIEC 102. Specifically, the items of the existing market risk-weighted asset portion would be replaced with the appropriate items from the FFIEC 102. These changes would be effective for the 2017 DFAST submission. Schedule A (Summary)—Revisions to Schedule A.1.d (Capital) The OCC proposes removing certain items related to tier 1 common capital, effective for the 2016 DFAST submission. However, in order to mitigate operational issues and allow for appropriate time to adjust internal systems to accommodate changes, this schedule would remain part of the technical XML instructions for the DFAST 2016 submission. Additionally, effective for the 2016 DFAST submission, the OCC proposes adding one item that captures the aggregate non-significant investments in the capital of unconsolidated financial institutions in the form of common stock and breaking out two items related to deferred tax assets into the amount before valuation allowances and the associated valuation allowance. The additional information from these changes would result in two existing items converting to derived items based on the additional information. Schedule A (Summary)—Revisions to Schedule A.2.b (Retail Repurchase) This schedule would be removed to reduce reporting burden, effective for the 2017 DFAST submission. Schedule A (Summary)—Deletion of Schedule A.2.c (ASC 310–30) This schedule would be removed to reduce reporting burden, effective for the 2017 DFAST submission. E:\FR\FM\17NON1.SGM 17NON1 71918 Federal Register / Vol. 80, No. 221 / Tuesday, November 17, 2015 / Notices Schedule A (Summary)—Revisions to Schedule A.7.c (PPNR Metrics) In order to fully align the schedule with the stress scenarios, the beta information would be collected according to the scenario instead of the current ‘‘normal environment’’ requirement, effective for the 2016 DFAST submission. Counterparty Credit Risk Schedule This schedule would be removed to reduce reporting burden effective for the 2016 DFAST submission. Aggregate counterparty credit risk information will continue to be obtained through the Summary Schedule (Schedule A). mstockstill on DSK4VPTVN1PROD with NOTICES Information about additional scenarios that are used by covered institutions is currently submitted in a format with limited structure, which makes it difficult for the OCC to evaluate. As such, the OCC would require that covered institutions provide three more historical quarters in addition to the currently required most recent historical quarter of actual data values for each additional variable submitted. The OCC would also provide additional instructions on variable naming conventions and other appropriate standardizations in order to facilitate more streamlined electronic processing of the data. Type of Review: Revision. Affected Public: Businesses or other for-profit. Estimated Number of Respondents: 23. Estimated Total Annual Burden: 16,466 hours. The OCC believes that the systems covered institutions use to prepare the FR Y–14 reporting templates to submit to the Board will also be used to prepare the reporting templates described in this notice. 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 18:14 Nov 16, 2015 Dated: November 9, 2015. Stuart Feldstein, Director, Legislative and Regulatory Activities Division. [FR Doc. 2015–29211 Filed 11–16–15; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Fiscal Service Scenario Schedule VerDate Sep<11>2014 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. Jkt 238001 Surety Companies Acceptable on Federal Bonds: Change In Business Address Colonial Surety Company Bureau of the Fiscal Service, Fiscal Service, Department of the Treasury. AGENCY: ACTION: Notice. This is Supplement No. 4 to the Treasury Department Circular 570, 2015 Revision, published July 1, 2015, at 80 FR 37735. SUMMARY: FOR FURTHER INFORMATION CONTACT: Surety Bond Branch at (202) 874–6850. Notice is hereby given by the Treasury that COLONIAL SURETY COMPANY formally changed its ‘‘BUSINESS ADDRESS’’ to: 123 Tice Boulevard, Suite 250, Woodcliff Lake, NJ 07677. Federal bond-approving officers should annotate their reference copies of the Treasury Department Circular 570 (‘‘Circular’’), 2015 revision, to reflect this change. The Circular may be viewed and downloaded through the Internet at www.fiscal.treasury.gov/fsreports/ref/ suretyBnd/surety_home.htm. Questions concerning this notice may be directed to the U.S. Department of the Treasury, Financial Management Service, Funds Management Division, Surety Bond Branch, 3700 East-West Highway, Room 6D22, Hyattsville, MD 20782. SUPPLEMENTARY INFORMATION: Dated: November 2, 2015. Kevin McIntyre, Manager, Financial Accounting and Services Branch. [FR Doc. 2015–29299 Filed 11–16–15; 8:45 am] BILLING CODE 4810–AS–P PO 00000 Frm 00149 Fmt 4703 Sfmt 4703 DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Additional Designations, Foreign Narcotics Kingpin Designation Act Office of Foreign Assets Control, Treasury. ACTION: Notice. AGENCY: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing the names of two individuals and two entities whose property and interests in property have been blocked pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act) (21 U.S.C. 1901–1908, 8 U.S.C. 1182). DATES: The designation by the Acting Director of OFAC of the two individuals and two entities identified in this notice pursuant to section 805(b) of the Kingpin Act is effective on November 10, 2015. FOR FURTHER INFORMATION CONTACT: Assistant Director, Sanctions Compliance & Evaluation, Office of Foreign Assets Control, U.S. Department of the Treasury, Washington, DC 20220, Tel: (202) 622–2490. SUPPLEMENTARY INFORMATION: SUMMARY: Electronic and Facsimile Availability This document and additional information concerning OFAC are available on OFAC’s Web site at https:// www.treasury.gov/ofac or via facsimile through a 24-hour fax-on-demand service at (202) 622–0077. Background The Kingpin Act became law on December 3, 1999. The Kingpin Act establishes a program targeting the activities of significant foreign narcotics traffickers and their organizations on a worldwide basis. It provides a statutory framework for the imposition of sanctions against significant foreign narcotics traffickers and their organizations on a worldwide basis, with the objective of denying their businesses and agents access to the U.S. financial system and the benefits of trade and transactions involving U.S. companies and individuals. The Kingpin Act blocks all property and interests in property, subject to U.S. jurisdiction, owned or controlled by significant foreign narcotics traffickers as identified by the President. In addition, the Secretary of the Treasury, in consultation with the Attorney General, the Director of the Central Intelligence Agency, the Director of the Federal Bureau of Investigation, the Administrator of the Drug Enforcement E:\FR\FM\17NON1.SGM 17NON1

Agencies

[Federal Register Volume 80, Number 221 (Tuesday, November 17, 2015)]
[Notices]
[Pages 71915-71918]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-29211]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Revision of an Approved 
Information Collection; Comment Request; Company-Run Annual Stress Test 
Reporting Template and Documentation for Covered Institutions With 
Total Consolidated Assets of $50 Billion or More Under the Dodd-Frank 
Wall Street Reform and Consumer Protection Act

AGENCY: Office of the Comptroller of the Currency, Treasury (OCC).

ACTION:  Notice and request for comment.

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

[[Page 71916]]

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 a revision to this information collection, as 
required by the Paperwork Reduction Act of 1995. 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. Currently, the OCC is 
soliciting comment concerning a revision to a regulatory reporting 
requirement for national banks and federal savings associations titled, 
``Company-Run Annual Stress Test Reporting Template and Documentation 
for Covered Institutions with Total Consolidated Assets of $50 Billion 
or More under the Dodd-Frank Wall Street Reform and Consumer Protection 
Act.''

DATES: Comments must be received by January 19, 2016.

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 prainfo@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 or, for persons who are deaf or hard of hearing, 
TTY, (202) 649-5597. Upon arrival, visitors will be required to present 
valid government-issued photo identification and 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 include any information in your comment or 
supporting materials that you consider confidential or inappropriate 
for public disclosure.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt or Mary H. Gottlieb, 
OCC Clearance Officers, (202) 649-5490 or, 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 
St. SW., Washington, DC 20219. In addition, copies of the templates 
referenced in this notice can be found on the OCC's Web site under News 
and Issuances (https://www.occ.treas.gov/tools-forms/forms/bank-operations/stress-test-reporting.html).

SUPPLEMENTARY INFORMATION: The OCC is requesting comment on the 
following revision to an approved information collection:
    Title: Company-Run Annual Stress Test Reporting Template and 
Documentation for Covered Institutions with Total Consolidated Assets 
of $50 Billion or More 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 are more than $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 requirement.\6\ This rule describes the reports and information 
collections required to meet the reporting requirements under section 
165(i)(2). These information collections will be given confidential 
treatment (5 U.S.C. 552(b)(4)).
---------------------------------------------------------------------------

    \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) (codified at 12 CFR 46).
---------------------------------------------------------------------------

    In 2012, the OCC first implemented the reporting templates 
referenced in the final rule. See 77 FR 49485 (August 16, 2012) and 77 
FR 66663 (November 6, 2012). The OCC is now revising them as described 
below.
    The OCC intends to use the data collected to assess the 
reasonableness of the stress test results of covered institutions and 
to provide forward-looking information to the OCC regarding a covered 
institution's capital adequacy. The OCC 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 institution. The stress test results are expected to 
support ongoing improvement in a covered institution's stress testing 
practices with respect to its internal assessments of capital adequacy 
and overall capital planning.
    The OCC recognizes that many covered institutions with total 
consolidated assets of $50 billion or more are required to submit 
reports using CCAR reporting form FR Y-14A.\7\ The OCC also recognizes 
the Board has a proposal to modify the FR Y-14A out for comment and, to 
the extent practical, the OCC will keep its reporting requirements 
consistent with the Board's FR Y-14A in order to minimize burden on 
covered institutions.\8\ Therefore, the OCC is proposing to revise its 
reporting requirements to remain consistent with the Board's proposed 
FR Y-14A for covered institutions with total consolidated assets of $50 
billion or more. The OCC is also proposing to revise the Scenario 
Schedule, which collects information on scenario variables beyond those 
provided by the OCC. The purpose of this revision is to require further 
clarity on the definitions of the additional scenario variables.
---------------------------------------------------------------------------

    \7\ https://www.federalreserve.gov/reportforms.
    \8\ 80 FR 55631 (Sept. 16, 2015).
---------------------------------------------------------------------------

Proposed Revisions to Reporting Templates for Institutions With $50 
Billion or More in Assets

    The proposed revisions to the DFAST-14A reporting templates consist 
of the following:
     Bank-specific scenario: Covered institutions would be 
required to submit bank-specific baseline and stress scenarios and 
projections for 2017 and will have the option to do so for 2016;
     Largest counterparty default: For the largest trading 
covered institutions that also submit the Global Market Shock scenario, 
they would be required to assume the default of their largest 
counterparty in the supervisory severely adverse and adverse scenarios 
for 2017 and will have the option to do so for 2016;
     Advanced approaches banks: (1) Delay incorporation of the 
supplemental leverage ratio for one year and (2)

[[Page 71917]]

indefinitely defer the use of the advance approaches for stress testing 
projections;
     Reporting Template and Supporting Documentation Changes: 
Clarifying instructions, adding data items, deleting data items, and 
redefining existing data items. This includes an expansion of the 
information collected in the scenario schedule. The proposed revisions 
also include a shift of the as-of date in accordance with modifications 
to the OCC's stress testing rule.\9\
---------------------------------------------------------------------------

    \9\ See 79 FR 71630 (Dec. 3, 2014) (shifting the dates of the 
annual stress testing cycle).
---------------------------------------------------------------------------

     These revisions also reflect the implementation of the 
final Basel III regulatory capital rule. On July 9, 2013, the OCC 
approved a joint final rule that will revise and replace the OCC's 
risk-based and leverage capital requirements to be consistent with 
agreements reached by the Basel Committee on Banking Supervision in 
``Basel III: A Global Regulatory Framework for More Resilient Banks and 
Banking Systems'' (Basel III).\10\ Accordingly, the proposed revisions 
would reflect the fact that institutions will no longer report items 
based on the pre-Basel III capital rules.
---------------------------------------------------------------------------

    \10\ https://www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-110.html.
---------------------------------------------------------------------------

Bank-Specific Scenarios

    Covered institutions would be required to submit bank-specific 
baseline and bank-specific stress scenarios and associated projections 
for the 2017 annual stress testing submission and may do so optionally 
for the 2016 annual stress testing submission. While supervisory 
scenarios provide a homogeneous scenario and a consistent market-wide 
view of the condition of the banking sector, these prescribed scenarios 
may not fully capture all of the risks that may be associated with a 
particular institution. The proposed revisions would require covered 
institutions to provide bank-specific baseline and bank-specific stress 
scenarios.
    The OCC recognizes that the Board requires bank holding companies 
(BHCs) to submit BHC-specific baseline and stress scenarios and 
projections. Where OCC-covered institutions also submit BHC-specific 
scenarios, the OCC would require that bank-specific scenarios would be 
consistent with the BHC-specific scenarios.

Largest Counterparty Default

    Covered institutions that currently complete the Global Market 
Shock would also be required to complete the Largest Counterparty 
Default component for the 2017 submission and have the option to do so 
for the 2016 submission. This is currently required by the Board, and 
the OCC would adopt a similar requirement to enhance consistency and 
reduce regulatory burden.

Supplemental Leverage Ratio

    The supplementary leverage ratio requirement applies only to 
covered institutions that use the advanced approaches to calculate 
their minimum regulatory capital requirements. For these covered 
institutions, the proposal would delay the incorporation of the 
supplementary leverage ratio in stress testing projections for one 
year. Under the proposal, these covered institutions would not be 
required to include an estimate of the supplementary leverage ratio for 
the stress test cycle beginning on January 1, 2016. The OCC understands 
that the Board is proposing a similar requirement, and the OCC would 
adopt a similar requirement to enhance consistency and reduce 
regulatory burden.

Advanced Approaches

    Covered institutions have noted that the use of advanced approaches 
in stress test rules would require significant resources and would 
introduce complexity and opacity. In light of the concerns raised by 
these covered institutions, and pending a review of how the stress test 
rules interact with the regulatory capital rules as described above, 
the proposal would delay until further notice the use of the advanced 
approaches for calculating risk-based capital requirements for purposes 
of the capital plan and stress test rule.

Other Reporting Template and Instruction Changes

    The proposed revisions to the DFAST-14A consist of clarifying 
instructions, adding and removing schedules, adding, deleting, and 
modifying existing data items, and altering the as-of dates. These 
proposed changes would (1) increase consistency between the DFAST-14A 
with the FR Y-14A, Call Report, FFIEC 101, and FFIEC 102; (2) remove 
the requirement to calculate tier 1 common capital and the tier 1 
common ratio; (3) shift the as-of dates by one quarter in accordance 
with the modifications to the stress test rules; (4) modify and expand 
the supporting documentation requirements; and (5) increase the 
historical information collected in the scenario schedule in order to 
facilitate comparisons of the data. Furthermore, the OCC understands 
that the Board is currently collecting information for the Summary 
Schedule via XML scheme technology, and the OCC would use a similar 
format to enhance consistency and reduce regulatory burden. Technical 
details on these forms will be provided separately.

Schedule A (Summary)--A.1.c.1 (General RWA)

    This schedule would be removed in accordance with the proposed 
revisions to eliminate use of the tier 1 common ratio, effective for 
the 2016 DFAST submission. However, in order to mitigate operational 
issues and allow for appropriate time to adjust internal systems to 
accommodate changes this schedule would remain part of the technical 
XML instructions for the 2016 DFAST submission.

Schedule A (Summary)--Revisions to Schedule A.1.c.2 (Standardized RWA)

    This schedule would be modified to increase consistency with the 
FFIEC 102. Specifically, the items of the existing market risk-weighted 
asset portion would be replaced with the appropriate items from the 
FFIEC 102. These changes would be effective for the 2017 DFAST 
submission.

Schedule A (Summary)--Revisions to Schedule A.1.d (Capital)

    The OCC proposes removing certain items related to tier 1 common 
capital, effective for the 2016 DFAST submission. However, in order to 
mitigate operational issues and allow for appropriate time to adjust 
internal systems to accommodate changes, this schedule would remain 
part of the technical XML instructions for the DFAST 2016 submission. 
Additionally, effective for the 2016 DFAST submission, the OCC proposes 
adding one item that captures the aggregate non-significant investments 
in the capital of unconsolidated financial institutions in the form of 
common stock and breaking out two items related to deferred tax assets 
into the amount before valuation allowances and the associated 
valuation allowance. The additional information from these changes 
would result in two existing items converting to derived items based on 
the additional information.

Schedule A (Summary)--Revisions to Schedule A.2.b (Retail Repurchase)

    This schedule would be removed to reduce reporting burden, 
effective for the 2017 DFAST submission.

Schedule A (Summary)--Deletion of Schedule A.2.c (ASC 310-30)

    This schedule would be removed to reduce reporting burden, 
effective for the 2017 DFAST submission.

[[Page 71918]]

Schedule A (Summary)--Revisions to Schedule A.7.c (PPNR Metrics)

    In order to fully align the schedule with the stress scenarios, the 
beta information would be collected according to the scenario instead 
of the current ``normal environment'' requirement, effective for the 
2016 DFAST submission.

Counterparty Credit Risk Schedule

    This schedule would be removed to reduce reporting burden effective 
for the 2016 DFAST submission. Aggregate counterparty credit risk 
information will continue to be obtained through the Summary Schedule 
(Schedule A).

Scenario Schedule

    Information about additional scenarios that are used by covered 
institutions is currently submitted in a format with limited structure, 
which makes it difficult for the OCC to evaluate. As such, the OCC 
would require that covered institutions provide three more historical 
quarters in addition to the currently required most recent historical 
quarter of actual data values for each additional variable submitted. 
The OCC would also provide additional instructions on variable naming 
conventions and other appropriate standardizations in order to 
facilitate more streamlined electronic processing of the data.
    Type of Review: Revision.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 23.
    Estimated Total Annual Burden: 16,466 hours.
    The OCC believes that the systems covered institutions use to 
prepare the FR Y-14 reporting templates to submit to the Board will 
also be used to prepare the reporting templates described in this 
notice. 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: November 9, 2015.
Stuart Feldstein,
Director, Legislative and Regulatory Activities Division.
[FR Doc. 2015-29211 Filed 11-16-15; 8:45 am]
 BILLING CODE 4810-33-P
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