[Federal Register Volume 83, Number 211 (Wednesday, October 31, 2018)]
[Notices]
[Pages 54805-54806]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-23805]


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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; Comment Request; Company-Run Annual Stress Test 
Reporting Template and Documentation for Covered Institutions With 
Total Consolidated Assets of $100 Billion or More Under the Dodd-Frank 
Wall Street Reform and Consumer Protection Act

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

ACTION: Notice and request for comment.

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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 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 is soliciting comment concerning a revision 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 $100 Billion or More under the Dodd-Frank Wall 
Street Reform and Consumer Protection Act.''

DATES: Comments must be received by December 31, 2018.

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: Legislative and Regulatory Activities Division, 
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 your 
comment on www.reginfo.gov without change, including any business or 
personal information that you provide, 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.
    You may review comments and other related materials that pertain to 
this information collection beginning on the date of publication of the 
second notice for this collection \1\ by any of the following methods:
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    \1\ Following the close of the 60-Day comment period for this 
notice, the OCC will publish a notice for 30 days of comment for 
this collection.
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     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 $100 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.
     Viewing Comments Personally: You may personally inspect 
comments at the OCC, 400 7th Street SW, Washington, DC. 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 hearing impaired, TTY, (202) 649-5597. Upon arrival, 
visitors will be required to present valid government-issued photo 
identification and submit to security screening in order to inspect 
comments.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance 
Officer, (202) 649-5490 or, for persons who are deaf or hearing 
impaired, TTY, (202) 649-5597, Chief Counsel's Office, Office of the 
Comptroller of the Currency, 400 7 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 $100 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\
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    \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).
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    On October 9, 2012, the OCC published in the Federal Register a 
final

[[Page 54806]]

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.
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    \7\ 77 FR 61238 (October 9, 2012) (codified at 12 CFR part 46).
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    On May 24, 2018, the Economic Growth, Regulatory Relief, and 
Consumer Protection Act (EGRRCPA) amended provisions in the Dodd-Frank 
Act and provided that, eighteen months after EGRRCPA's enactment, 
financial companies with total consolidated assets of less than $250 
billion that are not bank holding companies will no longer be subject 
to the company-run stress testing requirements in section 165(i)(2) of 
the Dodd-Frank Act. In contrast, on EGRRCPA's date of enactment, bank 
holding companies under $100 billion in total consolidated assets were 
no longer subject to section 165(i)(2). In order to avoid unnecessary 
burden for depository institutions and to maintain consistency between 
bank holding companies and depository institutions, the OCC, Board, and 
Federal Deposit Insurance Corporation extended the deadlines for all 
regulatory requirements related to company-run stress testing for 
depository institutions with average total consolidated assets of less 
than $100 billion until November 25, 2019 (at which time both statutory 
exemptions will be in effect). The OCC, in coordination with the Board 
and Federal Deposit Insurance Corporation, is in the process of 
revising its stress testing regulation to incorporate EGRRPCA's 
amendments.
    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 is now revising them as described 
below.
    The OCC intends to use 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. 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 recognizes that many covered institutions with total 
consolidated assets of $100 billion or more are required to submit 
reports using Comprehensive Capital Analysis and Review (CCAR) 
reporting form FR Y-14A.\8\ The OCC also recognizes the Board has 
proposed to modify the FR Y-14A and, to the extent practical, the OCC 
will keep its reporting requirements consistent with the Board's FR Y-
14A in order to minimize burden on covered institutions.\9\ Therefore, 
the OCC is proposing to revise its reporting requirements to mirror the 
Board's proposed FR Y-14A for covered institutions with total 
consolidated assets of $100 billion or more. The proposed changes 
include changes to accommodate the revised asset threshold necessitated 
by EGRRCPA. The proposed changes also include the removal of the Retail 
Repurchase worksheet and various clarifications in the instructions. In 
addition to the changes that parallel the Board's proposed changes to 
the FR Y-14A, the OCC is also proposing to remove or modify certain 
items on the OCC supplemental schedule, which collects additional 
information not included in the FR Y-14A.
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    \8\ http://www.federalreserve.gov/reportforms.
    \9\ 83 FR 39093 (August 8, 2018).
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    Type of Review: Revision.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 23.
    Estimated Total Annual Burden: 16,466 hours.
    The OCC believes that the systems covered institutions use to 
prepare the FR Y-14 reporting templates to submit to the Board will 
also be used to prepare the reporting templates described in this 
notice. 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: October 25, 2018.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2018-23805 Filed 10-30-18; 8:45 am]
 BILLING CODE 4810-33-P