[Federal Register Volume 81, Number 227 (Friday, November 25, 2016)]
[Notices]
[Pages 85223-85225]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-28344]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Information 
Collection Revision; Comment Request (3064-0189)

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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SUMMARY: The Federal Deposit Insurance Corporation (``FDIC'') invites 
the general public and other Federal agencies to take this opportunity 
to comment on a revision of a continuing information collection, 
titled, ``Company-Run Annual Stress Test Reporting Template and 
Documentation for Covered Institutions with Total Consolidated Assets 
of $50 Billion or More under the Dodd-Frank Wall Street Reform and 
Consumer Protection Act,'' (3064-0189), as required by the Paperwork 
Reduction Act of 1995.

DATES: Comments must be received by January 24, 2017.

ADDRESSES: You may submit written comments by any of the following 
methods:
     Federal eRulemaking Portal: http://www.FDIC.gov/regulations/laws/federal/notices.html. Follow the instructions for 
submitting comments.
     Email: [email protected]. Include ``Annual Stress Test 
Reporting Template and Documentation for Covered Institutions with 
Total Consolidated Assets of $50 Billion or More'' on the subject line 
of the message.
     Mail: Manny Cabeza (202-898-3767), Counsel, MB-3007, 
Federal Deposit Insurance Corporation, 550 17th Street NW., Washington, 
DC 20429.
     Hand Delivery/Courier: Guard station at the rear of the 
550 17th Street Building (located on F Street) on business days between 
7:00 a.m. and 5:00 p.m.
     Public Inspection: All comments received will be posted 
without change to http://www.fdic.gov/regulations/laws/federal/ 
including any personal information provided.
    Additionally, you may send a copy of your comments: By mail to the 
U.S. Office of Management and Budget, 725 17th Street NW., #10235, 
Washington, DC 20503 or by facsimile to 202.395.6974, Attention: 
Federal Banking Agency Desk Officer.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
from Manny Cabeza, 202.898.3767, Legal Division, Federal Deposit 
Insurance Corporation, 550 17th Street NW., MB-3016 Washington, DC 
20429. In addition, copies of the templates referenced in this notice 
can be found on the FDIC's Web site (http://www.fdic.gov/regulations/laws/federal/).

SUPPLEMENTARY INFORMATION: The FDIC is requesting comment on the 
following changes to the information collection:
    Title: Company-Run Annual Stress Test Reporting Template and 
Documentation for Covered Institutions with Total Consolidated Assets 
of $50 Billion or More under the Dodd-Frank Wall Street Reform and 
Consumer Protection Act.
    OMB Control Number: 3064-0189.
    Description: Section 165(i)(2) of the Dodd-Frank Wall Street Reform 
and

[[Page 85224]]

Consumer Protection Act \1\ (``Dodd-Frank Act'') requires certain 
financial companies, including state nonmember banks and state 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 state 
nonmember bank or state savings association is a ``covered bank'' and 
therefore subject to the stress test requirements if its total 
consolidated assets are more than $10 billion. Under section 165(i)(2), 
a covered bank 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 shall 
require.\5\
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    \1\ Public Law 111-203, 124 Stat. 1376 (July 21, 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).
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    On October 15, 2012, the FDIC published in the Federal Register a 
final rule implementing the section 165(i)(2) annual stress test 
requirement.\6\ The final rule requires covered banks to meet specific 
reporting requirements under section 165(i)(2). In 2012, the FDIC first 
implemented the reporting templates for covered banks with total 
consolidated assets of $50 billion or more and provided instructions 
for completing the reports.\7\ This information collection notice 
describes revisions by the FDIC to the relevant reporting templates and 
related instructions, as well as required information. The information 
contained in these information collections may be given confidential 
treatment to the extent allowed by law (5 U.S.C. 552(b)(4)).
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    \6\ 77 FR 62417(October 15, 2012).
    \7\ 77 FR 52719 (August 30, 2012) and 77 FR 70435 (November 26, 
2012). The most recent revisions to the reporting templates and 
related instructions were made in 2014. See 79 FR 58780 (September 
30, 2014) and 79 FR 75152 (December 17, 2014)
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    Consistent with past practice, the FDIC intends to use the data 
collected to assess the reasonableness of the stress test results of 
covered banks and to provide forward-looking information to the FDIC 
regarding a covered institution's capital adequacy. The FDIC 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 bank. The stress test results 
are expected to support ongoing improvement in a covered bank's stress 
testing practices with respect to its internal assessments of capital 
adequacy and overall capital planning.
    The FDIC recognizes that many covered banks with total consolidated 
assets of $50 billion or more are required to submit reports using the 
Board's Comprehensive Capital Analysis and Review (``CCAR'') reporting 
form, FR Y-14A. The FDIC also recognizes the Board has modified the FR 
Y-14A, and the FDIC will keep its reporting requirements as similar as 
possible with the Board's FR Y-14A in order to minimize burden on 
affected institutions. Therefore, the FDIC is revising its reporting 
requirements to remain consistent with the Board's FR Y-14A for covered 
banks with total consolidated assets of $50 billion or more.

Proposed Revisions to Reporting Templates for Institutions With $50 
Billion or More in Assets

    The proposed revisions to the DFAST-14A reporting templates consist 
of clarifying instructions, adding and removing schedules, adding, 
deleting, and modifying existing data items, and altering the as-of 
dates. These proposed changes would increase consistency between the 
DFAST-14A with the FR Y-14A and CALL Report,

Summary Schedule, Standardized RWA Worksheet

    The proposed revision includes multiple line items changes intended 
to promote consistency with the FR Y-14A and ensure the collection of 
accurate information.

Summary Schedule, Capital Worksheet

    Covered institutions would be required to estimate their 
supplementary leverage ratio for the planning horizon beginning on 
January 1, 2018. The FDIC proposes adding two items to the Summary 
Schedule: Supplementary Leverage Ratio Exposure (SLR Exposure) and 
Supplementary Leverage Ratio (the SLR). The SLR would be a derived 
field.
    In addition, to collect more precise information regarding deferred 
tax assets (DTAs), the FDIC proposes modifying one existing item on the 
Capital--DFAST worksheet of the Summary schedule as-of December 31, 
2016. The FDIC proposes changing existing item 112 on the Capital--
DFAST worksheet of the Summary schedule, ``Deferred tax assets arising 
from temporary differences that could not be realized through net 
operating loss carrybacks, net of DTLs, but before related valuation 
allowances'', to ``Deferred tax assets arising from temporary 
differences, net of DTLs.'' A covered institution in a net deferred tax 
liability (DTL) position would report this item as a negative number. 
This modification would provide more specific information about the 
components of the ``DTAs arising from temporary differences that could 
not be realized through net operating loss carrybacks, net of related 
valuation allowances and net of DTLs'' subject to the common equity 
tier 1 capital deduction threshold.
    The proposed revisions would also remove certain items that 
pertained to the capital regulations in place before the adoption of 
the Basel III final rule.

Summary Schedule, Counterparty Worksheet

    The FDIC proposes adding the item ``Other counterparty losses'' to 
the counterparty worksheet of the Summary schedule.

Regulatory Capital Instruments Schedule

    The FDIC proposes to remove the Regulatory Capital Instruments 
Schedule.

Regulatory Capital Transitions Schedule

    The FDIC proposes to remove the Regulatory Capital Transitions 
Schedule.

Operational Risk Schedule

    The FDIC proposes to remove the Operational Risk Schedule.

Burden Estimates

    The FDIC estimates that the proposed revisions will not affect the 
burden estimates of this information collection which will remain as 
follows:
    Number of Respondents: 4.
    Annual Burden per Respondent: 1,114.
    Total Annual Burden: 4,456.
    The FDIC recognizes that the Board requires bank holding companies 
to prepare the Summary, Macro scenario, Operational risk, Regulatory 
capital transitions, and Regulatory capital instruments for the FR Y-
14A. The FDIC believes that the systems covered institutions use to 
prepare the FR Y-14A reporting templates will also be used to prepare 
the reporting templates described in this notice. Comments continue to 
be invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the FDIC, including whether the 
information has practical utility;

[[Page 85225]]

    (b) The accuracy of the FDIC'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 at Washington, DC, this 21st day of November.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016-28344 Filed 11-23-16; 8:45 am]
 BILLING CODE 6714-01-P