80 FR 63636 - Agency Information Collection Activities; Proposed Revision; Comment Request; Annual Company-Run Stress Test Reporting Template and Documentation for Covered Institutions With Total Consolidated Assets of $10 Billion to $50 Billion Under the Dodd-Frank Wall Street Reform and Consumer Protection Act
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 80, Issue 202 (October 20, 2015)
Office of the Comptroller of the Currency
Federal Register Volume 80, Issue 202 (October 20, 2015)
| Page Range | 63636-63638 | |
| FR Document | 2015-26527 |
[Federal Register Volume 80, Number 202 (Tuesday, October 20, 2015)] [Notices] [Pages 63636-63638] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-26527] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities; Proposed Revision; Comment Request; Annual Company-Run Stress Test Reporting Template and Documentation for Covered Institutions With Total Consolidated Assets of $10 Billion to $50 Billion Under the Dodd-Frank Wall Street Reform and Consumer Protection Act AGENCY: Office of the Comptroller of the Currency, Treasury (OCC). ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on this continuing information collection, as required by the Paperwork Reduction Act of 1995. Under the Paperwork Reduction Act, Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information and to allow 60 days for [[Page 63637]] public comment in response to the notice. An agency may not conduct or sponsor, and a 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 on proposed revisions to the collection titled ``Annual Company-Run Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of $10 Billion to $50 Billion under the Dodd-Frank Wall Street Reform and Consumer Protection.'' DATES: Comments must be received by December 21, 2015. ADDRESSES: Because paper mail in the Washington, DC area and at the OCC is subject to delay, commenters are encouraged to submit comments by email, if possible. Comments may be sent to: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: 1557-0311, 400 7th Street SW., Suite 3E-218, Mail Stop 9W- 11, Washington, DC 20219. In addition, comments may be sent by fax to (571) 465-4326 or by electronic mail to [email protected]. You may personally inspect and photocopy comments at the OCC, 400 7th Street SW., Washington, DC 20219. 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 hard of hearing, TTY, (202) 649-5597. Upon arrival, visitors will be required to present valid government-issued photo identification and to submit to security screening in order to inspect and photocopy comments. All comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. Do not enclose any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt or Mary H. Gottlieb, Clearance Officers, (202) 649-5490 or, for persons who are deaf or hard of hearing, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW., Suite 3E-218, Mail Stop 9W-11, Washington, DC 20219. In addition, copies of the templates referenced in this notice can be found on the OCC's Web site under Tools and Forms (http://www.occ.gov/tools-forms/forms/bank-operations/stress-test-reporting.html). SUPPLEMENTARY INFORMATION: The OCC is requesting comment on a revision to the following information collection: Title: Annual Company-Run Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of $10 Billion to $50 Billion under the Dodd-Frank Wall Street Reform and Consumer Protection Act. OMB Control No.: 1557-0311. 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\ A national bank or Federal savings association is a ``covered institution,'' and therefore subject to the stress test requirements if its total consolidated assets exceed $10 billion. 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\ On October 9, 2012, the OCC published in the Federal Register a final rule implementing the section 165(i)(2) annual stress test requirements.\6\ On October 22, 2013 the OCC published in the Federal Register a notice describing the reports and information required under section 165(i)(2) for covered institutions with average total consolidated assets between $10 to $50 billion.\7\ --------------------------------------------------------------------------- \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). \6\ 77 FR 61238 (codified at 12 CFR 46). \7\ 78 FR 62942. --------------------------------------------------------------------------- The OCC proposes the following revisions and clarifications for the OCC DFAST 10-50 report, effective for the 2016 stress test cycle: Changing the dates on the reporting templates to match the revised ``as of'' date from September 30 to December 31, changing the reporting submission due date from March 31 to July 31, and modifying the reporting instructions to clarify a number of items.\8\ Additionally, the line item ``Qualifying subordinated debt and redeemable preferred stock'' would be eliminated in the capital section of the balance sheet, and the report form would include updated references to specific reporting items on the Reports of Condition and Income (Call Report). --------------------------------------------------------------------------- \8\ See 79 FR 71630 (Dec. 3, 2014) (shifting the dates of the annual stress testing cycle). --------------------------------------------------------------------------- The OCC has worked closely with the Board and the Federal Deposit Insurance Corporation to make the agencies' respective rules implementing the annual stress testing requirements under the Dodd- Frank Act consistent and comparable by requiring similar standards for scope of application, scenarios, data collection and reporting forms. The OCC also has worked to minimize any potential duplication of effort related to the annual stress test requirements. Type of Review: Revision to an existing collection. Affected Public: Businesses or other for-profit. Burden Estimates: Estimated Number of Respondents: 33. Estimated Total Annual Burden: 15,477 hours. The burden for each $10 to $50 billion covered institution that completes the revised results template was estimated to be 445 hours for a total of 14,685 hours. This burden included 20 hours to input these data and 425 hours for work related to modeling efforts. The estimated revised burden for each $10 to $50 billion covered institution that completes the annual DFAST Scenarios Variables Template was estimated to be 24 additional hours for a total of 792 hours. 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. [[Page 63638]] Dated: October 14, 2015. Stuart Feldstein, Director, Legislative and Regulatory Activities Division. [FR Doc. 2015-26527 Filed 10-19-15; 8:45 am] BILLING CODE 4810-33-P
![63636 Federal Register / Vol. 80, No. 202 / Tuesday, October 20, 2015 / Notices
Operations Facility is open from 9 a.m. DEPARTMENT OF TRANSPORTATION the transfer of foreign flag vessels by
to 5 p.m., Monday through Friday, their owners as required by various
except Federal Holidays. Maritime Administration contractual requirements. The
Interested parties are invited to information will enable MARAD to
Reports, Forms and Recordkeeping determine whether the vessel proposed
participate in these proceedings by Requirements Agency Information
submitting written views, data, or for transfer will initially require
Collection Activity Under OMB Review retention under the U.S.-flag statutory
comments. FRA does not anticipate
scheduling a public hearing in Maritime Administration, DOT.
AGENCY: regulations.
connection with these proceedings since Notice and request for
ACTION:
Annual Estimated Burden Hours: 170
the facts do not appear to warrant a comments. hours.
hearing. If any interested party desires Comments Are Invited On: (a)
an opportunity for oral comment, they SUMMARY: In compliance with the Whether the proposed collection of
should notify FRA, in writing, before Paperwork Reduction Act of 1995 (44 information is necessary for the proper
the end of the comment period and U.S.C. 3501 et seq.), this notice performance of the functions of the
specify the basis for their request. announces that the Information agency, including whether the
Collection abstracted below has been information will have practical utility;
All communications concerning these forwarded to the Office of Management (b) the accuracy of the agency’s estimate
proceedings should identify the and Budget (OMB) for review and of the burden of the proposed
appropriate docket number (e.g., Waiver approval. The nature of the information information collection; (c) ways to
Petition Docket Number FRA–2004– collection is described as well as its enhance the quality, utility and clarity
20000) and may be submitted by any of expected burden. The Federal Register of the information to be collected; and
the following methods: Notice with a 60-day comment period (d) ways to minimize the burden of the
• Web site: http:// soliciting comments on the following collection of information on
www.regulations.gov. Follow the online collection of information was published respondents, including the use of
instructions for submitting comments. on July 28, 2015, and comments were automated collection techniques or
• Fax: 202–493–2251. due by September 28, 2015. No other forms of information technology.
comments were received. A comment to OMB is best assured of
• Mail: Docket Operations Facility, having its full effect if OMB receives it
DATES: Comments for this notice must
U.S. Department of Transportation, 1200 within 30 days of publication.
New Jersey Avenue SE., W12–140, be submitted on or before November 19,
Washington, DC 20590. 2015. Authority: 49 CFR 1:93.
ADDRESSES: Send comments regarding Dated: October 5, 2015.
• Hand Delivery: 1200 New Jersey these information collections to the
Avenue SE., Room W12–140, T. Mitchell Hudson, Jr.,
Office of Information and Regulatory
Washington, DC 20590, between 9 a.m. Secretary, Maritime Administration.
Affairs, Office of Management and
and 5 p.m., Monday through Friday, Budget, 725 Seventeenth Street NW., [FR Doc. 2015–26206 Filed 10–19–15; 8:45 am]
except Federal holidays. Washington, DC 20503, Attention: BILLING CODE 4910–81–P
Communications received by MARAD Desk Officer. Alternatively,
December 4, 2015 will be considered by comments may be sent via email to the
FRA before final action is taken. Office of Information and Regulatory DEPARTMENT OF THE TREASURY
Comments received after that date will Affairs (OIRA), Office of Management
be considered as far as practicable. and Budget, at the following address: Office of the Comptroller of the
oira.submissions@omb.eop.gov. Currency
Anyone is able to search the
electronic form of any written FOR FURTHER INFORMATION CONTACT: Agency Information Collection
communications and comments Deveeda Midgett, (202) 366–2354, Office Activities; Proposed Revision;
received into any of our dockets by the of Sealift Support, U.S. Department of Comment Request; Annual Company-
name of the individual submitting the Transportation, 1200 New Jersey Run Stress Test Reporting Template
comment (or signing the document, if Avenue SE., Washington, DC 20590. and Documentation for Covered
submitted on behalf of an association, SUPPLEMENTARY INFORMATION: Maritime Institutions With Total Consolidated
business, labor union, etc.). In Administration (MARAD). Assets of $10 Billion to $50 Billion
accordance with 5 U.S.C. 553(c), DOT Title: Request for Transfer of Under the Dodd-Frank Wall Street
solicits comments from the public to Ownership, Registry, and Flag, or Reform and Consumer Protection Act
better inform its processes. DOT posts Charter, Lease, or Mortgage of U.S.-
these comments, without edit, including Citizen Owned Documented Vessels. AGENCY: Office of the Comptroller of the
any personal information the OMB Control Number: 2133–0006. Currency, Treasury (OCC).
commenter provides, to Type of Request: Extension of ACTION: Notice.
www.regulations.gov, as described in currently approved collection.
the system of records notice (DOT/ALL– Affected Public: Vessel owners who SUMMARY: The OCC, as part of its
14 FDMS), which can be reviewed at have applied for foreign transfer of U.S.- continuing effort to reduce paperwork
www.dot.gov/privacy. See also http:// flag vessels. and respondent burden, invites the
www.regulations.gov/#!privacyNotice Forms: MA–29, MA–29A, MA–29B general public and other Federal
mstockstill on DSK4VPTVN1PROD with NOTICES
for the privacy notice of regulations.gov. (Note: MA–29A is used only in cases of agencies to comment on this continuing
a National emergency). information collection, as required by
Issued in Washington, DC, on October 15, Abstract: This collection provides the Paperwork Reduction Act of 1995.
2015.
information necessary for MARAD to Under the Paperwork Reduction Act,
Ron Hynes, approve the sale, transfer, charter, lease, Federal agencies are required to publish
Director, Office of Technical Oversight. or mortgage of U.S. documented vessels notice in the Federal Register
[FR Doc. 2015–26592 Filed 10–19–15; 8:45 am] to non-citizens, or the transfer of such concerning each proposed collection of
BILLING CODE 4910–06–P vessels to foreign registry and flag, or information and to allow 60 days for
VerDate Sep<11>2014 17:55 Oct 19, 2015 Jkt 238001 PO 00000 Frm 00139 Fmt 4703 Sfmt 4703 E:\FR\FM\20OCN1.SGM 20OCN1](https://thefederalregister.org/doc/80_FR_63838/page/1.svg)
![63638 Federal Register / Vol. 80, No. 202 / Tuesday, October 20, 2015 / Notices
Dated: October 14, 2015. registration. (Note: Online registration In general, the Department of the
Stuart Feldstein, will close at 5:00 p.m. Eastern Time on Treasury will post all statements on its
Director, Legislative and Regulatory Activities Thursday, October 29, 2015.) Web site http://www.treasury.gov/
Division. 2. Contact the Federal Insurance about/organizational-structure/offices/
[FR Doc. 2015–26527 Filed 10–19–15; 8:45 am] Office (FIO), at (202) 622–5892, by 5:00 Pages/Federal-Insurance.aspx without
BILLING CODE 4810–33–P
p.m. Eastern Time on Thursday, October change, including any business or
29, 2015, and provide registration personal information provided such as
information. names, addresses, email addresses, or
DEPARTMENT OF THE TREASURY Requests for reasonable telephone numbers. The Department of
accommodations under section 504 of the Treasury will also make such
Open Meeting of the Federal Advisory the Rehabilitation Act should be statements available for public
Committee on Insurance directed to Marcia Wilson, Office of inspection and copying in the
Civil Rights and Diversity, Department Department of the Treasury’s Library,
AGENCY: Departmental Offices, U.S.
of the Treasury at (202) 622–8177, or
Department of the Treasury. 1500 Pennsylvania Avenue NW.,
marcia.wilson@treasury.gov.
ACTION: Notice of open meeting. Washington, DC 20220, on official
FOR FURTHER INFORMATION CONTACT:
business days between the hours of
SUMMARY: This notice announces that Brett D. Hewitt, Policy Advisor, FIO, 10:00 a.m. and 5:00 p.m. Eastern Time.
the Department of the Treasury’s Room 1410, Department of the Treasury,
You can make an appointment to
Federal Advisory Committee on 1500 Pennsylvania Avenue NW.,
inspect statements by telephoning (202)
Insurance (‘‘Committee’’) will convene a Washington, DC 20220, at (202) 622–
5892 (this is not a toll-free number). 622–0990. All statements, including
meeting on Wednesday, November 4, attachments and other supporting
2015, in the Cash Room, 1500 Persons who have difficulty hearing or
speaking may access this number via materials, received are part of the public
Pennsylvania Avenue NW., Washington, record and subject to public disclosure.
DC 20220, from 1:00–5:00 p.m. Eastern TTY by calling the toll-free Federal
Relay Service at (800) 877–8339. You should submit only information
Time. The meeting is open to the public,
SUPPLEMENTARY INFORMATION: Notice of that you wish to make available
and the site is accessible to individuals
this meeting is provided in accordance publicly.
with disabilities.
DATES: The meeting will be held on with the Federal Advisory Committee Tentative Agenda/Topics for
Wednesday, November 4, 2015, from Act, 5 U.S.C. App. II, 10(a)(2), through Discussion: This is a periodic meeting of
1:00–5:00 p.m. Eastern Time. implementing regulations at 41 CFR the Federal Advisory Committee on
102–3.150. Insurance. In this meeting, the
ADDRESSES: The Federal Advisory
Public Comment: Members of the Committee will discuss a number of
Committee on Insurance meeting will be public wishing to comment on the
held in the Cash Room, Department of issues, including: the forms and
business of the Federal Advisory prevalence of alternative risk-sharing
the Treasury, 1500 Pennsylvania Committee on Insurance are invited to
Avenue NW., Washington, DC 20220. mechanisms; affordability in the
submit written statements by any of the National Flood Insurance Program;
The meeting will be open to the public. following methods:
Because the meeting will be held in a national and global developments on
secured facility, members of the public Electronic Statements cybersecurity and the insurance sector;
who plan to attend the meeting must • Send electronic comments to faci@ and important developments at the
either: treasury.gov. International Association of Insurance
1. Register online. Attendees may visit Supervisors. The Committee will also
http://www.cvent.com/d/9fqnk0?ct= Paper Statements receive updates from its subcommittees.
6128d144-9ad5-45f5-910c- • Send paper statements in triplicate
Michael T. McRaith,
c7b44560aae0&RefID=FACI+General+ to the Federal Advisory Committee on
Registration and fill out a secure online Insurance, Room 1410, Department of Director, Federal Insurance Office.
registration form. A valid email address the Treasury, 1500 Pennsylvania [FR Doc. 2015–26591 Filed 10–19–15; 8:45 am]
will be required to complete online Avenue NW., Washington, DC 20220. BILLING CODE 4810–25–P
mstockstill on DSK4VPTVN1PROD with NOTICES
VerDate Sep<11>2014 17:55 Oct 19, 2015 Jkt 238001 PO 00000 Frm 00141 Fmt 4703 Sfmt 9990 E:\FR\FM\20OCN1.SGM 20OCN1](https://thefederalregister.org/doc/80_FR_63838/page/3.svg)
Document Created: 2015-12-14 15:25:48
Document Modified: 2015-12-14 15:25:48
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice. | |
| Dates | Comments must be received by December 21, 2015. | |
| Contact | Shaquita Merritt or Mary H. Gottlieb, Clearance Officers, (202) 649-5490 or, for persons who are deaf or hard of hearing, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW., Suite 3E-218, Mail Stop 9W-11, Washington, DC 20219. In addition, copies of the templates referenced in this notice can be found on the OCC's Web site under Tools and Forms (http://www.occ.gov/tools-forms/ forms/bank-operations/stress-test-reporting.html). | |
| FR Citation | 80 FR 63636 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR