[Federal Register Volume 85, Number 21 (Friday, January 31, 2020)]
[Notices]
[Pages 5773-5775]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-01825]


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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; Submission for OMB Review; Company-Run Annual 
Stress Test Reporting Template and Documentation for Covered 
Institutions With Total Consolidated Assets of $250 Billion or More 
Under the Dodd-Frank Wall Street Reform and Consumer Protection Act

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

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 $250 Billion 
or More under the Dodd-Frank Wall Street Reform and Consumer Protection 
Act.'' The OCC also is giving notice that it has sent the collection to 
OMB for review.

DATES: Comments must be received on or before March 2, 2020.

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: Chief Counsel's Office, Office of the Comptroller of 
the Currency, Attention: Comment Processing, 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 
comments on www.reginfo.gov without change, including any business or 
personal information provided, 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.
    Additionally, please send a copy of your comments by mail to: OCC 
Desk Officer, 1557-0319, U.S. Office of Management and Budget, 725 17th 
Street NW, #10235, Washington, DC 20503 or by email to 
[email protected].
    You may review comments and other related materials that pertain to 
this information collection \1\ following the close of the 30-Day 
comment period for this notice by any of the following methods:
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    \1\ On October 10, 2019, 84 FR 52174, the OCC published a 60-day 
notice for this information collection.
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     Viewing Comments Electronically: Go to www.reginfo.gov. 
Click on the ``Information Collection Review'' tab. Underneath the 
``Currently under

[[Page 5774]]

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 $250 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 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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    In 2012, the OCC first implemented the reporting templates 
referenced in the final rule.\8\ The OCC published proposed revisions 
to these templates on October 10, 2019.\9\ The OCC is now finalizing 
these proposed revisions as described below.
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    \8\ See 77 FR 49485 (August 16, 2012) and 77 FR 66663 (November 
6, 2012).
    \9\ 84 FR 52174 (October 10, 2019).
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    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 $250 billion or more are required to submit 
reports using Comprehensive Capital Analysis and Review (CCAR) 
reporting form FR Y-14A.\10\ The OCC also recognizes the Board has 
modified the FR Y-14A and, to the extent practical, the OCC has kept 
its reporting requirements consistent with the Board's FR Y-14A in 
order to minimize burden on covered institutions.\11\ Therefore, the 
OCC is revising its reporting requirements to mirror the Board's FR Y-
14A for covered institutions with total consolidated assets of $250 
billion or more. The changes include updates to various schedules to 
reflect the current expected credit loss (CECL) accounting methodology. 
These changes accommodate covered institutions that have adopted CECL 
by the reporting date and those that have not yet adopted CECL by the 
reporting date. The changes also include a collection of supplemental 
CECL information. The changes also include items not related to CECL 
adoption. The purpose of these changes is to keep the reporting forms 
in line with changes in the Consolidated Reports of Condition and 
Income (Call Report) as well as to provide further clarity or alignment 
of the instructions with the XML reporting files. There are also 
changes that require information to be reported at a different level of 
granularity.
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    \10\ http://www.federalreserve.gov/reportforms.
    \11\ 74 FR 70529 (Dec. 23, 2019).
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    Type of Review: Revision.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 8.
    Estimated Total Annual Burden: 4,212 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.
    On October 10, 2019, 84 FR 52174, the OCC published a 60-day notice 
for this information collection, 84 FR 52174. No comments were 
received. Comments continue to be 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,

[[Page 5775]]

maintenance, and purchase of services to provide information.

    Dated: January 27, 2020.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2020-01825 Filed 1-30-20; 8:45 am]
 BILLING CODE 4810-33-P