Orders: Reporting by Regulated Entities of Stress Testing Results as of December 31, 2015; Summary Instructions and Guidance, 22520 [2016-08903]
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Federal Register / Vol. 81, No. 74 / Monday, April 18, 2016 / Rules and Regulations
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[FR Doc. 2016–08891 Filed 4–15–16; 8:45 am]
BILLING CODE 6450–01–P
FEDERAL HOUSING FINANCE
AGENCY
12 CFR Part 1238
[No. 2016–N–05]
Orders: Reporting by Regulated
Entities of Stress Testing Results as of
December 31, 2015; Summary
Instructions and Guidance
Federal Housing Finance
Agency.
ACTION: Orders.
AGENCY:
In this document, the Federal
Housing Finance Agency (FHFA)
provides notice that it issued Orders,
dated March 2, 2016, with respect to
stress test reporting as of December 31,
2015, under section 165(i)(2) of the
Dodd-Frank Wall Street Reform and
Consumer Protection Act (Dodd-Frank
Act). Summary Instructions and
Guidance accompanied the Orders to
provide testing scenarios.
DATES: Effective April 18, 2016. Each
Order is applicable March 2, 2016.
FOR FURTHER INFORMATION CONTACT: Naa
Awaa Tagoe, Senior Associate Director,
Office of Financial Analysis, Modeling
and Simulations, (202) 649–3140,
naaawaa.tagoe@fhfa.gov; Stefan
Szilagyi, Examination Manager,
FHLBank Modeling, FHLBank Risk
Modeling Branch (202) 649–3515,
stefan.szilagyi@fhfa.gov; Karen Heidel,
Senior Counsel, Office of General
Counsel, (202) 649–3073, karen.heidel@
fhfa.gov; or Mark D. Laponsky, Deputy
General Counsel, Office of General
Counsel, (202) 649–3054,
mark.laponsky@fhfa.gov. The telephone
number for the Telecommunications
Device for the Hearing Impaired is (800)
877–8339.
SUPPLEMENTARY INFORMATION:
SUMMARY:
mstockstill on DSK4VPTVN1PROD with RULES
I. Background
FHFA is responsible for ensuring that
the regulated entities operate in a safe
and sound manner, including the
maintenance of adequate capital and
internal controls, that their operations
and activities foster liquid, efficient,
competitive, and resilient national
housing finance markets, and that they
VerDate Sep<11>2014
16:20 Apr 15, 2016
Jkt 238001
carry out their public policy missions
through authorized activities. See 12
U.S.C. 4513. These Orders are being
issued under 12 U.S.C. 4516(a), which
authorizes the Director of FHFA to
require by Order that the regulated
entities submit regular or special reports
to FHFA and establishes remedies and
procedures for failing to make reports
required by Order. The Orders, through
the accompanying Summary
Instructions and Guidance, prescribe for
the regulated entities the scenarios to be
used for stress testing. The Summary
Instructions and Guidance also provides
to the regulated entities advice
concerning the content and format of
reports required by the Orders and the
rule.
II. Orders, Summary Instructions and
Guidance
For the convenience of the affected
parties and the public, the text of the
Orders follows below in its entirety.
You may access these Orders and the
Summary Instructions and Guidance
from FHFA’s Web site at https://www.
fhfa.gov/SupervisionRegulation/Dodd
FrankActStressTests. The Orders and
Summary Instructions and Guidance
also will be available for public
inspection and copying at the Federal
Housing Finance Agency, Eighth Floor,
400 Seventh St. SW., Washington, DC
20219. To make an appointment call
(202) 649–3804.
The text of the Orders is as follows:
and supplemented on February 4, 2016;
and
Whereas, section 1314 of the Safety
and Soundness Act, 12 U.S.C. 4514(a)
authorizes the Director of FHFA to
require regulated entities, by general or
specific order, to submit such reports on
their management, activities, and
operation as the Director considers
appropriate.
Now Therefore, it is hereby Ordered
as follows:
Each regulated entity shall report to
FHFA and to the Board of Governors of
the Federal Reserve System the results
of the stress testing as required by 12
CFR 1238, in the form and with the
content described therein and in the
Summary Instructions and Guidance,
with Appendices 1 through 12 thereto,
accompanying this Order and dated
March 2, 2016.
It Is So Ordered, this the 2nd day of
March, 2016.
This Order is effective immediately.
Signed at Washington, DC, this 2nd
day of March, 2016.
Melvin L. Watt,
Director, Federal Housing Finance
Agency.
Dated: April 12, 2016.
Melvin L. Watt,
Director, Federal Housing Finance Agency.
[FR Doc. 2016–08903 Filed 4–15–16; 8:45 am]
BILLING CODE 8070–01–P
Federal Housing Finance Agency
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Order Nos. 2016–OR–B–1, 2016–OR–
FNMA–1, and 2016–OR–FHLMC–1
Food and Drug Administration
REPORTING BY REGULATED
ENTITIES OF STRESS TESTING
RESULTS AS OF DECEMBER 31, 2015
Whereas, section 165(i)(2) of the
Dodd-Frank Wall Street Reform and
Consumer Protection Act (‘‘Dodd-Frank
Act’’) requires certain financial
companies with total consolidated
assets of more than $10 billion, and
which are regulated by a primary
Federal financial regulatory agency, to
conduct annual stress tests to determine
whether the companies have the capital
necessary to absorb losses as a result of
adverse economic conditions;
Whereas, FHFA’s rule implementing
section 165(i)(2) of the Dodd-Frank Act
is codified as 12 CFR 1238 and requires
that ‘‘[e]ach regulated entity must file a
report in the manner and form
established by FHFA.’’ 12 CFR
1238.5(b);
Whereas, The Board of Governors of
the Federal Reserve System issued stress
testing scenarios on January 28, 2016
PO 00000
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Fmt 4700
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21 CFR Parts 520, 522, 524, 529, 556,
and 558
[Docket No. FDA–2016–N–0002]
New Animal Drugs; Approval of New
Animal Drug Applications; Changes of
Sponsorship
AGENCY:
Food and Drug Administration,
HHS.
Final rule; technical
amendment.
ACTION:
The Food and Drug
Administration (FDA, we) is amending
the animal drug regulations to reflect
application-related actions for new
animal drug applications (NADAs) and
abbreviated new animal drug
applications (ANADAs) during January
and February 2016. FDA is also
informing the public of the availability
of summaries of the basis of approval
and of environmental review
documents, where applicable. The
animal drug regulations are also being
SUMMARY:
E:\FR\FM\18APR1.SGM
18APR1
Agencies
[Federal Register Volume 81, Number 74 (Monday, April 18, 2016)]
[Rules and Regulations]
[Page 22520]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-08903]
=======================================================================
-----------------------------------------------------------------------
FEDERAL HOUSING FINANCE AGENCY
12 CFR Part 1238
[No. 2016-N-05]
Orders: Reporting by Regulated Entities of Stress Testing Results
as of December 31, 2015; Summary Instructions and Guidance
AGENCY: Federal Housing Finance Agency.
ACTION: Orders.
-----------------------------------------------------------------------
SUMMARY: In this document, the Federal Housing Finance Agency (FHFA)
provides notice that it issued Orders, dated March 2, 2016, with
respect to stress test reporting as of December 31, 2015, under section
165(i)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection
Act (Dodd-Frank Act). Summary Instructions and Guidance accompanied the
Orders to provide testing scenarios.
DATES: Effective April 18, 2016. Each Order is applicable March 2,
2016.
FOR FURTHER INFORMATION CONTACT: Naa Awaa Tagoe, Senior Associate
Director, Office of Financial Analysis, Modeling and Simulations, (202)
649-3140, naaawaa.tagoe@fhfa.gov; Stefan Szilagyi, Examination Manager,
FHLBank Modeling, FHLBank Risk Modeling Branch (202) 649-3515,
stefan.szilagyi@fhfa.gov; Karen Heidel, Senior Counsel, Office of
General Counsel, (202) 649-3073, karen.heidel@fhfa.gov; or Mark D.
Laponsky, Deputy General Counsel, Office of General Counsel, (202) 649-
3054, mark.laponsky@fhfa.gov. The telephone number for the
Telecommunications Device for the Hearing Impaired is (800) 877-8339.
SUPPLEMENTARY INFORMATION:
I. Background
FHFA is responsible for ensuring that the regulated entities
operate in a safe and sound manner, including the maintenance of
adequate capital and internal controls, that their operations and
activities foster liquid, efficient, competitive, and resilient
national housing finance markets, and that they carry out their public
policy missions through authorized activities. See 12 U.S.C. 4513.
These Orders are being issued under 12 U.S.C. 4516(a), which authorizes
the Director of FHFA to require by Order that the regulated entities
submit regular or special reports to FHFA and establishes remedies and
procedures for failing to make reports required by Order. The Orders,
through the accompanying Summary Instructions and Guidance, prescribe
for the regulated entities the scenarios to be used for stress testing.
The Summary Instructions and Guidance also provides to the regulated
entities advice concerning the content and format of reports required
by the Orders and the rule.
II. Orders, Summary Instructions and Guidance
For the convenience of the affected parties and the public, the
text of the Orders follows below in its entirety. You may access these
Orders and the Summary Instructions and Guidance from FHFA's Web site
at https://www.fhfa.gov/SupervisionRegulation/DoddFrankActStressTests.
The Orders and Summary Instructions and Guidance also will be available
for public inspection and copying at the Federal Housing Finance
Agency, Eighth Floor, 400 Seventh St. SW., Washington, DC 20219. To
make an appointment call (202) 649-3804.
The text of the Orders is as follows:
Federal Housing Finance Agency
Order Nos. 2016-OR-B-1, 2016-OR-FNMA-1, and 2016-OR-FHLMC-1
REPORTING BY REGULATED ENTITIES OF STRESS TESTING RESULTS AS OF
DECEMBER 31, 2015
Whereas, section 165(i)(2) of the Dodd-Frank Wall Street Reform and
Consumer Protection Act (``Dodd-Frank Act'') requires certain financial
companies with total consolidated assets of more than $10 billion, and
which are regulated by a primary Federal financial regulatory agency,
to conduct annual stress tests to determine whether the companies have
the capital necessary to absorb losses as a result of adverse economic
conditions;
Whereas, FHFA's rule implementing section 165(i)(2) of the Dodd-
Frank Act is codified as 12 CFR 1238 and requires that ``[e]ach
regulated entity must file a report in the manner and form established
by FHFA.'' 12 CFR 1238.5(b);
Whereas, The Board of Governors of the Federal Reserve System
issued stress testing scenarios on January 28, 2016 and supplemented on
February 4, 2016; and
Whereas, section 1314 of the Safety and Soundness Act, 12 U.S.C.
4514(a) authorizes the Director of FHFA to require regulated entities,
by general or specific order, to submit such reports on their
management, activities, and operation as the Director considers
appropriate.
Now Therefore, it is hereby Ordered as follows:
Each regulated entity shall report to FHFA and to the Board of
Governors of the Federal Reserve System the results of the stress
testing as required by 12 CFR 1238, in the form and with the content
described therein and in the Summary Instructions and Guidance, with
Appendices 1 through 12 thereto, accompanying this Order and dated
March 2, 2016.
It Is So Ordered, this the 2nd day of March, 2016.
This Order is effective immediately.
Signed at Washington, DC, this 2nd day of March, 2016.
Melvin L. Watt,
Director, Federal Housing Finance Agency.
Dated: April 12, 2016.
Melvin L. Watt,
Director, Federal Housing Finance Agency.
[FR Doc. 2016-08903 Filed 4-15-16; 8:45 am]
BILLING CODE 8070-01-P