[Federal Register Volume 79, Number 137 (Thursday, July 17, 2014)]
[Notices]
[Pages 41742-41743]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-16832]



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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities; Proposed Revision; 
Comment Request; Company-Run Annual 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.

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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 this continuing information collection, as 
required by the Paperwork Reduction Act of 1995. Under the Paperwork 
Reduction Act, Federal agencies are required to publish notice in the 
Federal Register concerning each proposed collection of information and 
to allow 60 days for public comment in response to the notice. An 
agency may not conduct or sponsor, and a respondent is not required to 
respond to, an information collection unless it displays a currently 
valid Office of Management and Budget (OMB) control number.
    The OCC is soliciting comment on proposed revisions to the 
regulatory reporting templates and documentation for covered 
institutions with total consolidated assets of $10 billion to $50 
billion.

DATES: Comments must be received by September 15, 2014.

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 [email protected]. 
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. 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.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
from or a copy of the collection from Johnny Vilela or Mary H. 
Gottlieb, Clearance Officers, (202) 649-5490, 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 (http://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: Company-Run Annual 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\
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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, October 9, 2012.
    \7\ 78 FR 62942.
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    On October 11, 2013, the OCC published in the Federal Register 
revised risk-based and leverage capital requirements that implement the 
Basel III regulatory capital reforms and certain changes required by 
the Dodd-Frank Act (revised regulatory capital rule).\8\ The revised 
regulatory capital rule introduces the new common equity tier 1 capital 
component and a new common equity tier 1 capital ratio, changes the 
definition of regulatory capital items, and changes the calculation of 
risk-weighted assets. All banking organizations must comply with the 
revised regulatory capital rule beginning on January 1, 2015.
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    \8\ 78 FR 62018.
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    The OCC proposes to revise the reporting templates for institutions 
with $10 to $50 billion in assets to reflect the changes to the revised 
regulatory capital rule. Specifically, the OCC proposes to add a common 
equity tier 1 capital data item to the Balance Sheet and a common 
equity tier 1 risk-based capital ratio data item to the Summary 
Schedule and Balance Sheet Schedules (baseline, adverse, and severely 
adverse scenarios) in order to reflect the requirements of the revised 
regulatory capital rule. These revisions would be effective for the 
2015 stress test cycle (using September 2014 data and November 2014 
scenarios with submission of results in March 2015).\9\ In addition, 
the OCC proposes to clarify the accompanying instructions to emphasize 
that institutions should transition to the revised regulatory capital 
rule requirements in its company-run stress test projections in the 
quarter in which the requirements become effective. Specifically, 
institutions would be required to transition to the revised regulatory 
capital rule and begin including the common equity tier 1 capital data 
item and common equity tier 1 risk-based

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capital ratio data item in projected quarters two (1st quarter 2015) 
through nine (4th quarter 2016) for each scenario for the 2015 stress 
test cycle.
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    \9\ The OCC, the Board, and the Federal Deposit Insurance 
Corporation recently proposed revisions to the schedule of the 
annual stress test. 79 FR 37231 (July 1, 2014). If the agencies 
adopt these revisions, the OCC expects to adjust its reporting 
instructions accordingly.
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    The OCC also proposes several clarifications to the reporting 
instructions including: Indicating that the Scenario Variables Schedule 
would be collected as a reporting form in Reporting Central (instead of 
as a file submitted in Adobe Acrobat PDF format) and clarifying how the 
supporting qualitative information should be organized.
    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: 29.
    Estimated Total Annual Burden: 13,601 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 12,905 hours. The proposed revisions are estimated to add 5 
hours of additional burden per respondent, increasing the burden from 
440 hours to 445 hours. This burden includes 20 hours to input these 
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 696 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: July 14, 2014.
Stuart Feldstein,
Director, Legislative and Regulatory Activities Division.
[FR Doc. 2014-16832 Filed 7-16-14; 8:45 am]
BILLING CODE 4810-33-P