[Federal Register Volume 88, Number 28 (Friday, February 10, 2023)]
[Notices]
[Pages 8989-8991]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-02873]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Revision; 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, 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 comment on a continuing information 
collection as required by the Paperwork Reduction Act of 1995 (PRA). In 
accordance with the requirements of the

[[Page 8990]]

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 proposed revisions 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,'' 
and is now seeking comment on the final version of those revisions. The 
OCC also is giving notice that it has sent the collection to OMB for 
review.

DATES: Comments must be received by March 13, 2023.

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, Attention: Comment 
Processing, 1557-0319, Office of the Comptroller of the Currency, 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.
    Written comments and recommendations for the proposed information 
collection should also be sent within 30 days of publication of this 
notice to www.reginfo.gov/public/do/PRAMain. You can find this 
particular information collection at that website by selecting 
``Currently under 30-day Review--Open for Public Comments'' or by using 
the search function.
    On December 5, 2022, the OCC published a notice for 60 days of 
comment concerning this collection, 87 FR 74470. You may review 
comments and other related materials that pertain to this information 
collection following the close of the 30-day comment period for this 
notice by the method set forth in the next bullet.
     Viewing Comments Electronically: Go to www.reginfo.gov. 
Hover over the ``Information Collection Review'' tab and click on 
``Information Collection Review'' drop-down menu. From the ``Currently 
under Review'' 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 $250 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.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance 
Officer, (202) 649-5490, Chief Counsel's Office, Office of the 
Comptroller of the Currency, 400 7th St. SW, Washington, DC 20219. If 
you are deaf, hard of hearing, or have a speech disability, please dial 
7-1-1 to access telecommunications relay services.
    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 \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\ 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\
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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).
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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.\6\ 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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    \6\ 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. See 77 FR 49485 (August 16, 2012) and 77 
FR 66663 (November 6, 2012). The OCC uses 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 proposed new 
changes to these templates on October 27, 2021.\7\
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    \7\ 87 FR 52560 (August 26, 2022).
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    The OCC recognizes that many covered institutions with total 
consolidated assets of $250 billion or more are required to submit 
reports using reporting form FR Y-14A.\8\ The OCC also recognizes the 
Board has made modifications to the FR Y-14A and, to the extent 
practical, the OCC is keeping its reporting requirements consistent 
with the Board's FR Y-14A to minimize burden on covered institutions. 
Therefore, the OCC is revising its reporting requirements to mirror the

[[Page 8991]]

Board's FR Y-14A for covered institutions with total consolidated 
assets of $250 billion or more.
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    \8\ http://www.federalreserve.gov/reportforms.
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    The OCC's changes include only limited updates to reflect the 
changes made by the Board, and the OCC reporting forms will 
substantially resemble the forms used by the OCC last year. Many of the 
changes made by the Board are inapplicable to OCC-regulated 
institutions and involve new items that would not be collected by the 
OCC under the changes. The OCC's changes include the minimal 
adjustments necessary to align line items with placement on the 2022 FR 
Y-14A. The OCC is also changing the description of covered institutions 
required to complete the trading and counterparty credit risk (CCR) 
sub-schedules under the Global Market Shock (GMS) scenario to more 
closely align with the Board's description. The OCC does not expect 
these changes to impact the group of banks that have been required to 
submit under the GMS in prior years. The OCC's new reporting forms and 
instructions are available on the OCC's website at https://www.occ.treas.gov/publications-and-resources/forms/dodd-frank-act-stress-test/index-dodd-frank-act-stress-test.html.
    Type of Review: Revision. Affected Public: Businesses or other for-
profit.
    Estimated Number of Respondents: 4 annually and 4 biennially. 
Estimated Total Annual Burden: 3,558 hours.
    The OCC believes that the systems that covered institutions use to 
prepare the FR Y-14 reporting templates and submit to the Board will 
also be used to prepare the reporting templates described in this 
notice. On December 5, 2022, the OCC published a notice for 60 days of 
comment concerning this collection as revised, 87 FR 74470. 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, maintenance, and purchase of services to 
provide information.

Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2023-02873 Filed 2-9-23; 8:45 am]
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