Agency Information Collection Activities: Revision of an Approved Information Collection; Submission for OMB Review; Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions With Total Consolidated Assets of $250 Billion or More Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, 17454-17455 [2021-06821]

Download as PDF 17454 Federal Register / Vol. 86, No. 62 / Friday, April 2, 2021 / Notices 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; Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions With Total Consolidated Assets of $250 Billion or More Under the Dodd-Frank Wall Street Reform and Consumer Protection Act Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. AGENCY: The OCC, 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 continuing information collection as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the 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 proposed revisions 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 $250 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act,’’ and is now seeking comment on the final version of those revisions. The OCC also has submitted the collection to OMB for review. DATES: Comments must be received by May 3, 2021. ADDRESSES: Commenters are encouraged to submit comments by email, if possible. You may submit comments by any of the following methods: • Email: prainfo@occ.treas.gov. • Mail: Chief Counsel’s Office, Attention: Comment Processing, Office of the Comptroller of the Currency, Attention: 1557–0319, 400 7th Street SW, Suite 3E–218, Washington, DC 20219. • Hand Delivery/Courier: 400 7th Street SW, Suite 3E–218, Washington, DC 20219. • Fax: (571) 465–4326. Instructions: You must include ‘‘OCC’’ as the agency name and ‘‘1557– 0319’’ in your comment. In general, the OCC will publish comments on jbell on DSKJLSW7X2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 23:04 Apr 01, 2021 Jkt 253001 www.reginfo.gov without change, including any business or personal information provided, such as name and address information, email addresses, or phone numbers. 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. Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/ PRAMain. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. You may review comments and other related materials that pertain to this information collection 1 following the close of the 30-day comment period for this notice by the following method: • Viewing Comments Electronically: Go to www.reginfo.gov. Click on the ‘‘Information Collection Review’’ tab. Underneath the ‘‘Currently under Review’’ section heading, from the dropdown menu select ‘‘Department of Treasury’’ and then click ‘‘submit.’’ This information collection can be located by searching by OMB control number ‘‘1557–0319’’ or ‘‘Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of $250 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act.’’ Upon finding the appropriate information collection, click on the related ‘‘ICR Reference Number.’’ On the next screen, select ‘‘View Supporting Statement and Other Documents’’ and then click on the link to any comment listed at the bottom of the screen. • For assistance in navigating www.reginfo.gov, please contact the Regulatory Information Service Center at (202) 482–7340. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance Officer, (202) 649–5490, Chief Counsel’s Office, 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 website under News and Issuances (http:// www.occ.treas.gov/tools-forms/forms/ 1 On January 28, 2021, the OCC published a 60day notice for this information collection, 86 FR 7456. PO 00000 Frm 00106 Fmt 4703 Sfmt 4703 bank-operations/stress-testreporting.html). 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 $250 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act. OMB Control No.: 1557–0319. Description: Section 165(i)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act 2 (Dodd-Frank Act) requires certain financial companies, including national banks and federal savings associations, to conduct annual stress tests 3 and requires the primary financial regulatory agency 4 of those financial companies to issue regulations implementing the stress test requirements.5 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.6 On October 9, 2012, the OCC published in the Federal Register a final rule implementing the section 165(i)(2) annual stress test requirement.7 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)) to the extent permitted by law. 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 uses the data collected to assess the reasonableness of 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. SUPPLEMENTARY INFORMATION: 2 Public Law 111–203, 124 Stat. 1376, July 2010. U.S.C. 5365(i)(2)(A). 4 12 U.S.C. 5301(12). 5 12 U.S.C. 5365(i)(2)(C). 6 12 U.S.C. 5365(i)(2)(B). 7 77 FR 61238 (October 9, 2012) (codified at 12 CFR part 46). 3 12 E:\FR\FM\02APN1.SGM 02APN1 Federal Register / Vol. 86, No. 62 / Friday, April 2, 2021 / Notices jbell on DSKJLSW7X2PROD with NOTICES 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 proposed new changes to these templates on January 28, 2021.8 The OCC recognizes that many covered institutions with total consolidated assets of $250 billion or more are required to submit reports using reporting form FR Y–14A.9 The OCC also recognizes the Board has proposed and implemented modifications to the FR Y–14A and, to the extent practical, the OCC is keeping its reporting requirements consistent with the Board’s FR Y–14A to minimize burden on covered institutions.10 Therefore, the OCC is revising its reporting requirements to mirror the Board’s FR Y–14A for covered institutions with total consolidated assets of $250 billion or more. The OCC’s changes include updates to various schedules to reflect the adoption of the tailoring framework used to determine the applicability of regulatory capital requirements to large U.S. banking organizations.11 Other changes include removing the worksheet for reporting advanced approaches riskweighted assets and the worksheet for reporting pre-provision net revenue (PPNR) metrics as well as technical changes to various individual data items. The changes to the OCC’s reporting templates do not include data items in the FR Y–14A associated with several capital buffers related ratios, such as the Board’s stress capital buffer requirement adopted in 2020.12 The changes remove certain items that are collected from Board-regulated institutions but that will not be required from national banks and federal savings associations. The changes remove the OCC Supplemental Schedule, which collects information not collected by the FR Y–14A. While the proposed changes included the deletion of some instructions related to the counterparty default scenario, the final instructions do not include this change. The retention of these instructions is meant to clarify that the requirement to include a counterparty default scenario is not being changed. The OCC did not receive any comments on the proposed revisions. Type of Review: Revision. Affected Public: Businesses or other for-profit. Estimated Number of Respondents: 8. Estimated Total Annual Burden: 3,716 hours. The OCC believes that the systems that covered institutions use to prepare the FR Y–14 reporting templates and submit to the Board will also be used to prepare the reporting templates described in this notice. On January 28, 2021, the OCC published a notice for 60 days of comment concerning this collection, 86 FR 7456. No comments were received. Comments continue to be invited on: (a) Whether the collection of information is necessary for the proper 17455 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. Theodore J. Dowd, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2021–06821 Filed 4–1–21; 8:45 am] BILLING CODE P DEPARTMENT OF VETERANS AFFAIRS Advisory Committee on Women Veterans, Notice of Meeting The Department of Veterans Affairs (VA) gives notice under the Federal Advisory Committee Act, 5 U.S.C. App. 2., that the Advisory Committee on Women Veterans will conduct a virtual meeting on April 27–29, 2021. The meeting will begin and ends as follows: Date: Time: Location: April 27, 2021 .................................. April 28, 2021 .................................. April 29, 2021 .................................. 10 a.m.–2:30 p.m. Eastern Standard Time (EST) .... 10 a.m.–2:30 p.m. (EST) ........................................... 10 a.m.–1 p.m. (EST) ................................................ See TEAMS link and call-in information below See TEAMS link and call-in information below See TEAMS link and call-in information below The meeting sessions are open to the public. The purpose of the Committee is to advise the Secretary of Veterans Affairs regarding the needs of women Veterans with respect to health care, rehabilitation, compensation, outreach, and other programs and activities administered by VA designed to meet such needs. The Committee makes recommendations to the Secretary regarding such programs and activities. The agenda will include updates from the Veterans Health Administration, the Veterans Benefits Administration, and Staff Offices, as well as briefings on other issues impacting women Veterans. 8 86 FR 7456 (Jan. 28, 2021). 9 http://www.federalreserve.gov/reportforms. VerDate Sep<11>2014 23:04 Apr 01, 2021 Jkt 253001 No time will be allocated at this meeting for receiving oral presentations from the public. Interested parties should provide written comments for review by the Committee to Ms. Shannon L. Middleton at 00W@ mail.va.gov no later than April 20, 2021. Any member of the public who wishes to participate in the virtual meeting may use the following TEAMS link: https:// teams.microsoft.com/l/meetup-join/ 19%3ameeting_Y2Q5ZDI0MGEtNj RkOC00YjM3LWI4MDQtNDQ3Y zUwOThjOTE3%40thread.v2/0? context=%7b%22Tid%22%3a %22e95f1b23-abaf-45ee-821db7ab251ab3bf%22%2c%22Oid %22%3a%229b0a18fa-89dd-4a4310 85 FR 56607 (Sept. 14, 2020); 85 FR 63222 (Oct. 7, 2020). PO 00000 Frm 00107 Fmt 4703 Sfmt 9990 9705-9c3fda3a37cf%22%7d. To join the meeting session via phone: 1–872–701– 0185; code: 356 042 574#. Dated: March 29, 2021. Jelessa M. Burney, Federal Advisory Committee Management Officer. [FR Doc. 2021–06760 Filed 4–1–21; 8:45 am] BILLING CODE P 11 84 12 85 E:\FR\FM\02APN1.SGM FR 59232 (Nov. 1, 2019). FR 15576 (March 18, 2020). 02APN1

Agencies

[Federal Register Volume 86, Number 62 (Friday, April 2, 2021)]
[Notices]
[Pages 17454-17455]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-06821]



[[Page 17454]]

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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; Company-Run Annual 
Stress Test Reporting Template and Documentation for Covered 
Institutions With Total Consolidated Assets of $250 Billion or More 
Under the Dodd-Frank Wall Street Reform and Consumer Protection Act

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

ACTION: Notice and request for comment.

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

SUMMARY: The OCC, 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 continuing 
information collection as required by the Paperwork Reduction Act of 
1995 (PRA). In accordance with the requirements of the PRA, the OCC may 
not conduct or sponsor, and the 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 proposed 
revisions 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 $250 Billion or More under the Dodd-Frank 
Wall Street Reform and Consumer Protection Act,'' and is now seeking 
comment on the final version of those revisions. The OCC also has 
submitted the collection to OMB for review.

DATES: Comments must be received by May 3, 2021.

ADDRESSES: Commenters are encouraged to submit comments by email, if 
possible. You may submit comments by any of the following methods:
     Email: [email protected].
     Mail: Chief Counsel's Office, Attention: Comment 
Processing, Office of the Comptroller of the Currency, Attention: 1557-
0319, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
     Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, 
Washington, DC 20219.
     Fax: (571) 465-4326.
    Instructions: You must include ``OCC'' as the agency name and 
``1557-0319'' in your comment. In general, the OCC will publish 
comments on www.reginfo.gov without change, including any business or 
personal information provided, such as name and address information, 
email addresses, or phone numbers. 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.
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to www.reginfo.gov/public/do/PRAMain. Find this particular information 
collection by selecting ``Currently under 30-day Review--Open for 
Public Comments'' or by using the search function.
    You may review comments and other related materials that pertain to 
this information collection \1\ following the close of the 30-day 
comment period for this notice by the following method:
---------------------------------------------------------------------------

    \1\ On January 28, 2021, the OCC published a 60-day notice for 
this information collection, 86 FR 7456.
---------------------------------------------------------------------------

     Viewing Comments Electronically: Go to www.reginfo.gov. 
Click on the ``Information Collection Review'' tab. Underneath the 
``Currently under Review'' section heading, from the drop-down menu 
select ``Department of Treasury'' and then click ``submit.'' This 
information collection can be located by searching by OMB control 
number ``1557-0319'' or ``Company-Run Annual Stress Test Reporting 
Template and Documentation for Covered Institutions with Total 
Consolidated Assets of $250 Billion or More under the Dodd-Frank Wall 
Street Reform and Consumer Protection Act.'' Upon finding the 
appropriate information collection, click on the related ``ICR 
Reference Number.'' On the next screen, select ``View Supporting 
Statement and Other Documents'' and then click on the link to any 
comment listed at the bottom of the screen.
     For assistance in navigating www.reginfo.gov, please 
contact the Regulatory Information Service Center at (202) 482-7340.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance 
Officer, (202) 649-5490, Chief Counsel's Office, 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 website under News and Issuances (http://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 $250 Billion or More under the Dodd-Frank Wall Street Reform and 
Consumer Protection Act.
    OMB Control No.: 1557-0319.
    Description: Section 165(i)(2) of the Dodd-Frank Wall Street Reform 
and Consumer Protection Act \2\ (Dodd-Frank Act) requires certain 
financial companies, including national banks and federal savings 
associations, to conduct annual stress tests \3\ and requires the 
primary financial regulatory agency \4\ of those financial companies to 
issue regulations implementing the stress test requirements.\5\ 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.\6\
---------------------------------------------------------------------------

    \2\ Public Law 111-203, 124 Stat. 1376, July 2010.
    \3\ 12 U.S.C. 5365(i)(2)(A).
    \4\ 12 U.S.C. 5301(12).
    \5\ 12 U.S.C. 5365(i)(2)(C).
    \6\ 12 U.S.C. 5365(i)(2)(B).
---------------------------------------------------------------------------

    On October 9, 2012, the OCC published in the Federal Register a 
final rule implementing the section 165(i)(2) annual stress test 
requirement.\7\ 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)) to the extent permitted by law.
---------------------------------------------------------------------------

    \7\ 77 FR 61238 (October 9, 2012) (codified at 12 CFR part 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 uses 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.

[[Page 17455]]

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 proposed new changes to these templates on January 28, 2021.\8\
---------------------------------------------------------------------------

    \8\ 86 FR 7456 (Jan. 28, 2021).
---------------------------------------------------------------------------

    The OCC recognizes that many covered institutions with total 
consolidated assets of $250 billion or more are required to submit 
reports using reporting form FR Y-14A.\9\ The OCC also recognizes the 
Board has proposed and implemented modifications to the FR Y-14A and, 
to the extent practical, the OCC is keeping its reporting requirements 
consistent with the Board's FR Y-14A to minimize burden on covered 
institutions.\10\ Therefore, the OCC is revising its reporting 
requirements to mirror the Board's FR Y-14A for covered institutions 
with total consolidated assets of $250 billion or more.
---------------------------------------------------------------------------

    \9\ http://www.federalreserve.gov/reportforms.
    \10\ 85 FR 56607 (Sept. 14, 2020); 85 FR 63222 (Oct. 7, 2020).
---------------------------------------------------------------------------

    The OCC's changes include updates to various schedules to reflect 
the adoption of the tailoring framework used to determine the 
applicability of regulatory capital requirements to large U.S. banking 
organizations.\11\ Other changes include removing the worksheet for 
reporting advanced approaches risk-weighted assets and the worksheet 
for reporting pre-provision net revenue (PPNR) metrics as well as 
technical changes to various individual data items. The changes to the 
OCC's reporting templates do not include data items in the FR Y-14A 
associated with several capital buffers related ratios, such as the 
Board's stress capital buffer requirement adopted in 2020.\12\ The 
changes remove certain items that are collected from Board-regulated 
institutions but that will not be required from national banks and 
federal savings associations. The changes remove the OCC Supplemental 
Schedule, which collects information not collected by the FR Y-14A. 
While the proposed changes included the deletion of some instructions 
related to the counterparty default scenario, the final instructions do 
not include this change. The retention of these instructions is meant 
to clarify that the requirement to include a counterparty default 
scenario is not being changed.
---------------------------------------------------------------------------

    \11\ 84 FR 59232 (Nov. 1, 2019).
    \12\ 85 FR 15576 (March 18, 2020).
---------------------------------------------------------------------------

    The OCC did not receive any comments on the proposed revisions.
    Type of Review: Revision.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 8.
    Estimated Total Annual Burden: 3,716 hours.
    The OCC believes that the systems that covered institutions use to 
prepare the FR Y-14 reporting templates and submit to the Board will 
also be used to prepare the reporting templates described in this 
notice. On January 28, 2021, the OCC published a notice for 60 days of 
comment concerning this collection, 86 FR 7456. No comments were 
received. Comments continue to be 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.

Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2021-06821 Filed 4-1-21; 8:45 am]
BILLING CODE P