[Federal Register Volume 80, Number 202 (Tuesday, October 20, 2015)]
[Notices]
[Pages 63636-63638]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-26527]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities; Proposed Revision; 
Comment Request; 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.

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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

[[Page 63637]]

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 
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.''

DATES: Comments must be received by December 21, 2015.

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 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.

FOR FURTHER INFORMATION CONTACT: 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 (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: 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\
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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 (codified at 12 CFR 46).
    \7\ 78 FR 62942.
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    The OCC proposes 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 31 to July 31, and modifying the 
reporting instructions to clarify a number of items.\8\ Additionally, 
the line item ``Qualifying subordinated debt and redeemable preferred 
stock'' would be eliminated in the capital section of the balance 
sheet, and the report form would include updated references to specific 
reporting items on the Reports of Condition and Income (Call Report).
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    \8\ See 79 FR 71630 (Dec. 3, 2014) (shifting the dates of the 
annual stress testing cycle).
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    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: 33.
    Estimated Total Annual Burden: 15,477 hours.
    The burden for each $10 to $50 billion covered institution that 
completes the revised results template was estimated to be 445 hours 
for a total of 14,685 hours. This burden included 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 was estimated to be 24 additional 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.


[[Page 63638]]


    Dated: October 14, 2015.
Stuart Feldstein,
Director, Legislative and Regulatory Activities Division.
[FR Doc. 2015-26527 Filed 10-19-15; 8:45 am]
 BILLING CODE 4810-33-P