Agency Information Collection Activities; Revision of an Approved Information Collection; Submission for OMB Review; Annual Company-Run 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, 17786-17787 [2016-07140]

Agencies

• Office of the Comptroller of the Currency
• DEPARTMENT OF THE TREASURY

[Federal Register Volume 81, Number 61 (Wednesday, March 30, 2016)]
[Notices]
[Pages 17786-17787]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-07140]


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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; Submission for OMB Review; Annual Company-Run 
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 and request for comment.

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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. The OCC is also giving 
notice that it has sent the collection to OMB for review.
    The OCC is finalizing revisions to the collection titled ``Annual 
Company-Run 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.'' The OCC also is giving notice that it has sent the 
collection to OMB for review.

DATES: Comments must be received by April 29, 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 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.
    Additionally, please send a copy of your comments by mail to: OCC 
Desk

[[Page 17787]]

Officer, 1557-0311, U.S. Office of Management and Budget, 725 17th 
Street NW., #10235, Washington, DC 20503, or by email to: oira 
submission@omb.eop.gov.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
from or a copy of the collection from Shaquita Merritt or Mary H. 
Gottlieb, 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 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: Annual Company-Run 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\ The OCC 
proposed revisions to these templates on October 20, 2015.\8\ The OCC 
received one comment. The OCC is now finalizing these revisions, as 
described below.
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    \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.
    \7\ 78 FR 62942.
    \8\ 80 FR 63636.
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    The OCC is finalizing the following revisions and clarifications 
for the OCC DFAST 10-50 report, effective for the 2016 stress test 
cycle: Changing the dates on the reporting templates to match the 
revised ``as of'' date from September 30 to December 31, changing the 
reporting submission due date from March to July, and modifying the 
reporting instructions to clarify a number of items. Additionally, the 
line item ``Qualifying subordinated debt and redeemable preferred 
stock'' will be eliminated in the capital section of the balance sheet, 
and the report form will include updated references to specific 
reporting items on the Reports of Condition and Income (Call Report).
    The OCC received one comment letter. The comment letter requested 
updates to several Call Report references in the reporting templates 
and clarification to the balance sheet capital section of the 
instructions. In response to this comment, the templates and 
instructions have been updated with revised references that the OCC 
believes will provide additional clarity.
    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: 36
    Estimated Total Annual Burden: 16,884 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 14,685 hours. This burden includes 20 hours to input this 
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 792 hours.
    Comments submitted in response to this notice will be summarized 
and included in the request for OMB approval. All comments will become 
a matter of public record. Comments are invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the OCC, including whether the 
information has practical utility;
    (b) The accuracy of the OCC's estimate of the burden of the 
collection of information;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of the collection on respondents, 
including through the use of automated collection techniques or other 
forms of information technology; and,
    (e) Estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Dated: March 24, 2016.
Stuart Feldstein,
Director, Legislative and Regulatory Activities Division.
[FR Doc. 2016-07140 Filed 3-29-16; 8:45 am]
 BILLING CODE 4810-33-P