[Federal Register Volume 82, Number 54 (Wednesday, March 22, 2017)]
[Notices]
[Pages 14726-14728]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-05688]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request (3064-0189)

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act (PRA) of 1995, the FDIC 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. On November 25, 2016, (81 FR 85223), the FDIC 
requested comment for 60 days on a proposal to revise the information 
collection described below. The comment period for the November 25, 
2016 notice ended on January 24, 2017 and no comments were received. 
The FDIC hereby gives notice that it has sent the collection of 
information revision to OMB for review.

DATES: Comments must be received by April 21, 2017.

ADDRESSES: You may submit written comments, which should refer to 
``Annual Stress Test Reporting Template and Documentation for Covered 
Institutions with Total Consolidated Assets of $50 Billion or More'' by 
any of the following methods:
     Agency Web site: https://www.fdic.gov/regulations/laws/federal/. Follow the instructions for submitting comments on the FDIC's 
Web site.
     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'' in the subject line 
of the message.
     Mail: Manny Cabeza (202-898-3767), Counsel, Attn: Comments 
Room MB-3007, Federal Deposit Insurance Corporation, 550 17th Street 
NW., Washington, DC 20429.
     Hand Delivery/Courier: Comments may be hand delivered to 
the 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. Paper copies of public 
comments may be requested from the FDIC Public Information Center by 
telephone at (877) 275-3342 or (703) 562-2200.
    Additionally, commenters may send a copy of their comments to the 
OMB desk officer for the agencies by mail to the Office of Information 
and Regulatory Affairs, U.S. Office of Management and Budget, New 
Executive Office Building, Room 10235, 725 17th Street NW., Washington, 
DC 20503; by fax to (202) 395-6974; or by email to 
[email protected].

FOR FURTHER INFORMATION CONTACT: You can request additional information 
from Manny Cabeza, Counsel, (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/ 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

[[Page 14727]]

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 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).
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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. Because 
these revisions primarily involve removal of items not reported by 
FDIC-supervised institutions, there is no change in burden associated 
with the revisions.

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. The revised reporting 
templates can be viewed at https://www.fdic.gov/regulations/reform/dfast/.

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, Retail Balances and Loss Worksheet

    The FDIC proposes to remove the Retail Balances and Loss Worksheet.

Summary Schedule, Retail Repurchase Worksheet

    The FDIC proposes to remove the Retail Repurchase Worksheet.

Summary Schedule, High-Level OTTI Methodology and Assumptions for AFS 
and HTM Securities by Portfolio Worksheet

    The FDIC proposes to remove the High-Level OTTI Methodology and 
Assumptions for AFS and HTM Securities by Portfolio Worksheet.

Summary Schedule, Projected OTTI for AFS Securities and HTM Securities 
Worksheet

    The FDIC proposes to remove the Projected OTTI for AFS Securities 
and HTM Securities Worksheet.

Summary Schedule, Actual AFS and HTM Fair Market Value Sources by 
Portfolio Worksheet

    The FDIC proposes to remove the Actual AFS and HTM Fair Market 
Value Sources by Portfolio Worksheet.

Summary Schedule, Trading Worksheet

    The FDIC proposes to remove the Trading Worksheet.

Summary Schedule, Counterparty Credit Risk Worksheet

    The FDIC proposes to remove the Counterparty Credit Risk Worksheet.

[[Page 14728]]

Summary Schedule, PPNR Metrics Worksheet

    The FDIC proposes to remove the PPNR Metrics Worksheet.

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. The vast majority of 
the deleted schedules are applicable only to institutions with total 
assets greater than $250 billion or with foreign exposure greater than 
$10 billion. The FDIC does not supervise any state nonmember banks or 
state savings associations that meet that definition. Accordingly, in 
the case of the FDIC, the majority of the deleted schedules were not 
being used and the burden will remain as follows:
    Number of Respondents: \8\ 5.
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    \8\ The total number of respondents increased by one due to one 
covered institution growing above $50 billion in total assets.
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    Annual Burden per Respondent: 1,114.
    Total Annual Burden: 5,570.
    The FDIC recognizes that the Board requires bank holding companies 
to prepare the templates 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.

Request for Comment

    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;
    (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 17th day of March 2017.

Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2017-05688 Filed 3-21-17; 8:45 am]
 BILLING CODE 6714-01-P