80 FR 77631 - Agency Information Collection Activities: Proposed Information Collection Revision; Comment Request (3064-0189)

FEDERAL DEPOSIT INSURANCE CORPORATION

Federal Register Volume 80, Issue 240 (December 15, 2015)

Page Range		77631-77633
FR Document		2015-31492

The Federal Deposit Insurance Corporation (``FDIC'') invites the general public and other Federal agencies to take this opportunity to comment on a revision of a continuing information collection, titled, ``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 Wall Street Reform and Consumer Protection Act,'' (3064-0189), as required by the Paperwork Reduction Act of 1995.

Federal Register, Volume 80 Issue 240 (Tuesday, December 15, 2015)

[Federal Register Volume 80, Number 240 (Tuesday, December 15, 2015)]
[Notices]
[Pages 77631-77633]
From the Federal Register Online [www.thefederalregister.org]
[FR Doc No: 2015-31492]

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FEDERAL DEPOSIT INSURANCE CORPORATION

Agency Information Collection Activities: Proposed Information
Collection Revision; Comment Request (3064-0189)

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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SUMMARY: The Federal Deposit Insurance Corporation (``FDIC'') invites
the general public and other Federal agencies to take this opportunity
to comment on a revision of a continuing information collection,
titled, ``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 Wall Street Reform and
Consumer Protection Act,'' (3064-0189), as required by the Paperwork
Reduction Act of 1995.

DATES: Comments must be received by February 16, 2016.

ADDRESSES: You may submit written comments by any of the following
methods:
Agency Web site: http://www.fdic.gov/regulations/laws/federal/. Follow the instructions for submitting comments on the FDIC
Web site.
Federal eRulemaking Portal: http://www.regulations.gov.
Follow the instructions for submitting comments.
Email: Comments@FDIC.gov. Include ``Annual Stress Test
Reporting Template and Documentation for Covered Institutions with
Total Consolidated Assets of $50 Billion or More'' on the subject line
of the message.
Mail: Gary A. Kuiper, Legal Division, Attention: Comments,
FDIC, 550 17th Street NW., MB-3016, Washington, DC 20429.
Hand Delivery/Courier: 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.
Additionally, you may send a copy of your comments: By mail to the
U.S. Office of Management and Budget, 725 17th Street NW., #10235,
Washington, DC 20503 or by facsimile to 202.395.6974, Attention:
Federal Banking Agency Desk Officer.

FOR FURTHER INFORMATION CONTACT: You can request additional information
from Gary Kuiper, 202.898.3877, or Manny Cabeza, 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/).

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 77632]]

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). The most recent revisions to the reporting templates and
related instructions were made in 2014. See 79 FR 58780 (September
30, 2014) and 79 FR 75152 (December 17, 2014)
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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.

Proposed Revisions to Reporting Templates for Institutions With $50
Billion or More in Assets; Other Reporting Template and Instruction
Changes

The proposed revisions to the DFAST-14A reporting templates consist
of clarifying instructions, adding data items, deleting data items, and
redefining existing data items. The proposed revisions also include a
shift of the as-of date in accordance with modifications to the FDIC's
stress testing rule.\8\ These revisions also reflect the implementation
of the final Basel III regulatory capital rule. On July 9, 2013, the
FDIC approved an interim final rule that will revise and replace the
FDIC's risk-based and leverage capital requirements to be consistent
with agreements reached by the Basel Committee on Banking Supervision
in ``Basel III: A Global Regulatory Framework for More Resilient Banks
and Banking Systems'' (Basel III).\9\ The final rule was published in
the Federal Register on April 14, 2014 (``Revised Capital
Framework'').\10\ The revisions include implementation of a new
definition of regulatory capital, a new common equity tier 1 minimum
capital requirement, a higher minimum tier 1 capital requirement, and,
for banking organizations subject to the Advanced Approaches capital
rules, a supplementary leverage ratio that incorporates a broader set
of exposures in the denominator measure. In addition, the rule will
amend the methodologies for determining risk weighted assets. All
banking organizations that are not subject to the Advanced Approaches
Rule were required to comply with the Revised Capital Framework, as of
January 1, 2015.
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\8\ See 79 FR 69365 (November 21, 2014).
\9\ 78 FR 55340 (September 10, 2013).
\10\ 79 FR 20754 (April 14, 2014).
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The proposed changes would (1) increase consistency between the
DFAST-14A with the FR Y-14A, CALL Report, FFIEC 101, and FFIEC 102; (2)
remove the requirement to calculate tier 1 common capital and the tier
1 common ratio; and (3) shift the as-of dates by one quarter in
accordance with the modifications to the stress test rules.
Furthermore, the FDIC understands that the Board is currently
collecting information for the Summary Schedule via XML technology, and
the FDIC would use a similar format to enhance consistency and reduce
regulatory burden. Technical details on these forms would be provided
separately.

Schedule A (Summary)--A.1.c.1 (General RWA)

This schedule would be removed in accordance with the proposed
revisions to eliminate use of the tier 1 common ratio, effective for
the 2016 DFAST submission.

Schedule A (Summary)--Revisions to Schedule A.1.c.2 (Standardized RWA)

This schedule would be modified to increase consistency with the
FFIEC 102. Specifically, the items of the existing market risk-weighted
asset portion would be replaced with the appropriate items from the
FFIEC 102. These changes would be effective for the 2017 DFAST
submission.

Schedule A (Summary)--Revisions to Schedule A.1.d (Capital)

The FDIC proposes removing certain items related to tier 1 common
capital, effective for the 2016 DFAST submission. Additionally, the
FDIC proposes adding one item that captures the aggregate non-
significant investments in the capital of unconsolidated financial
institutions in the form of common stock and breaking out two items
related to deferred tax assets into the amount before valuation
allowances and the associated valuation allowance. The additional
information from these changes would result in two existing items
converting to derived items based on the additional information.

[[Page 77633]]

Schedule A (Summary)--Revisions to Schedule A.2.b (Retail Repurchase)

This schedule would be removed to reduce reporting burden,
effective for the 2017 DFAST submission.

Schedule A (Summary)--Deletion of Schedule A.2.c (ASC 310-30)

This schedule would be removed to reduce reporting burden,
effective for the 2017 DFAST submission.

Schedule A (Summary)--Revisions to Schedule A.7.c (PPNR Metrics)

In order to fully align the schedule with the stress scenarios, the
beta information would be collected according to the scenario instead
of the current ``normal environment'' requirement, effective for the
2016 DFAST submission.

Counterparty Credit Risk Schedule

This schedule would be removed to reduce reporting burden effective
for the 2016 DFAST submission. Aggregate counterparty credit risk
information will continue to be obtained through the Summary Schedule
(Schedule A).

Burden Estimates

The FDIC estimates the burden of this collection as follows:

Current

Number of Respondents: 4.
Annual Burden per Respondent: 1,040.
Total Annual Burden: 4,160.

Proposed

Estimated Number of Respondents: 4.
Annual Burden per Respondent: 1,114.
Estimated Total Annual Burden: 4,456 hours.
The FDIC recognizes that the Board has estimated 71,709 hours for
bank holding companies to prepare the Summary, Macro scenario,
Operational risk, Regulatory capital transitions, and Regulatory
capital instruments 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. 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 10th day of December.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2015-31492 Filed 12-14-15; 8:45 am]
BILLING CODE 6714-01-P

Federal Register / Vol. 80, No. 240 / Tuesday, December 15, 2015 / Notices 77631

applies only if a bank holding company certain covered positions. Section information collection, titled,
or bank has aggregated trading assets 324.208 requires FDIC-supervised ‘‘Company-Run Annual Stress Test
and trading liabilities equal to 10 institutions to obtain prior written FDIC Reporting Template and Documentation
percent or more of quarter-end total approval for incremental risk modeling. for Covered Institutions with Total
assets or $1 billion or more. Currently, Section 324.209(a) requires prior FDIC Consolidated Assets of $50 Billion or
only one FDIC-regulated entity meets approval for the use of a comprehensive More under the Dodd-Frank Wall Street
the criteria. The information collection risk measure. Section 324.209(c)(2) Reform and Consumer Protection Act,’’
requirements are located at 12 CFR requires FDIC-supervised institutions to (3064–0189), as required by the
324.203 through 324.212. The collection retain and report the results of Paperwork Reduction Act of 1995.
of information is necessary to ensure supervisory stress testing. Section DATES: Comments must be received by
capital adequacy appropriate for the 324.210(f)(2)(i) requires FDIC- February 16, 2016.
level of market risk. supervised institutions to document an ADDRESSES: You may submit written
Section 324.203(a)(1) requires FDIC- internal analysis of the risk comments by any of the following
supervised institutions to have clearly characteristics of each securitization methods:
defined policies and procedures for position in order to demonstrate an • Agency Web site: http://
determining which trading assets and understanding of the position. Section www.fdic.gov/regulations/laws/federal/.
trading liabilities are trading positions 324.212 requires quarterly quantitative Follow the instructions for submitting
and specifies the factors a FDIC- disclosures, annual qualitative comments on the FDIC Web site.
supervised institutions must take into disclosures, and a formal disclosure • Federal eRulemaking Portal: http://
account in drafting those policies and policy approved by the board of www.regulations.gov. Follow the
procedures. Section 324.203(a)(2) directors that addresses the approach for instructions for submitting comments.
requires FDIC-supervised institutions to determining the market risk disclosures • Email: Comments@FDIC.gov.
have clearly defined trading and it makes. Include ‘‘Annual Stress Test Reporting
hedging strategies for trading positions
Request for Comment Template and Documentation for
that are approved by senior management
Covered Institutions with Total
and specifies what the strategies must Comments are invited on: (a) Whether Consolidated Assets of $50 Billion or
articulate. Section 324.203(b)(1) requires the collections of information are More’’ on the subject line of the
FDIC-supervised institutions to have necessary for the proper performance of message.
clearly defined policies and procedures the FDIC’s functions, including whether • Mail: Gary A. Kuiper, Legal
for actively managing all covered the information has practical utility; (b) Division, Attention: Comments, FDIC,
positions and specifies the minimum the accuracy of the estimates of the 550 17th Street NW., MB–3016,
requirements for those policies and burden of the collections of information, Washington, DC 20429.
procedures. Sections 324.203(c)(4) including the validity of the • Hand Delivery/Courier: Guard
through 324.203(c)(10) require the methodology and assumptions used; (c) station at the rear of the 550 17th Street
annual review of internal models and ways to enhance the quality, utility, and Building (located on F Street) on
specify certain requirements for those clarity of the information to be business days between 7:00 a.m. and
models. Section 324.203(d) requires the collected; and (d) ways to minimize the 5:00 p.m.
internal audit group of a FDIC- burden of the collections of information • Public Inspection: All comments
supervised institution to prepare an on respondents, including through the received will be posted without change
annual report to the board of directors use of automated collection techniques to http://www.fdic.gov/regulations/laws/
on the effectiveness of controls or other forms of information federal/ including any personal
supporting the market risk measurement technology. All comments will become information provided.
systems. a matter of public record. Additionally, you may send a copy of
Section 324.204(b) requires FDIC-
Dated at Washington, DC, this 10th day of your comments: By mail to the U.S.
supervised institutions to conduct
December 2015. Office of Management and Budget, 725
quarterly backtesting. Section
324.205(a)(5) requires institutions to Federal Deposit Insurance Corporation. 17th Street NW., #10235, Washington,
demonstrate to the FDIC the Robert E. Feldman, DC 20503 or by facsimile to
appropriateness of proxies used to Executive Secretary. 202.395.6974, Attention: Federal
capture risks within value-at-risk [FR Doc. 2015–31483 Filed 12–14–15; 8:45 am] Banking Agency Desk Officer.
models. Section 324.205(c) requires BILLING CODE 6714–01–P FOR FURTHER INFORMATION CONTACT: You
institutions to develop, retain, and make can request additional information from
available to the FDIC value-at-risk and Gary Kuiper, 202.898.3877, or Manny
profit and loss information on sub- FEDERAL DEPOSIT INSURANCE Cabeza, 202.898.3767, Legal Division,
portfolios for two years. Section CORPORATION Federal Deposit Insurance Corporation,
324.206(b)(3) requires FDIC-supervised 550 17th Street NW., MB–3016
institutions to have policies and Agency Information Collection Washington, DC 20429. In addition,
procedures that describe how they Activities: Proposed Information copies of the templates referenced in
determine the period of significant Collection Revision; Comment this notice can be found on the FDIC’s
financial stress used to calculate the Request (3064–0189) Web site (http://www.fdic.gov/
institution’s stressed value-at-risk regulations/laws/federal/).
asabaliauskas on DSK5VPTVN1PROD with NOTICES

AGENCY: Federal Deposit Insurance
models and to obtain prior FDIC Corporation (FDIC). SUPPLEMENTARY INFORMATION: The FDIC
approval for any material changes to ACTION: Notice and request for comment. is requesting comment on the following
these policies and procedures. changes to the information collection:
Section 324.207(b)(1) details SUMMARY: The Federal Deposit Title: Company-Run Annual Stress
requirements applicable to a FDIC- Insurance Corporation (‘‘FDIC’’) invites Test Reporting Template and
supervised institution when the FDIC- the general public and other Federal Documentation for Covered Institutions
supervised institution uses internal agencies to take this opportunity to with Total Consolidated Assets of $50
models to measure the specific risk of comment on a revision of a continuing Billion or More under the Dodd-Frank

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77632 Federal Register / Vol. 80, No. 240 / Tuesday, December 15, 2015 / Notices

Wall Street Reform and Consumer tests to determine whether additional incorporates a broader set of exposures
Protection Act. analytical techniques and exercises in the denominator measure. In
OMB Control Number: 3064–0189. could be appropriate to identify, addition, the rule will amend the
Description: Section 165(i)(2) of the measure, and monitor risks at the methodologies for determining risk
Dodd-Frank Wall Street Reform and covered bank. The stress test results are weighted assets. All banking
Consumer Protection Act 1 (‘‘Dodd- expected to support ongoing organizations that are not subject to the
Frank Act’’) requires certain financial improvement in a covered bank’s stress Advanced Approaches Rule were
companies, including state nonmember testing practices with respect to its required to comply with the Revised
banks and state savings associations, to internal assessments of capital adequacy Capital Framework, as of January 1,
conduct annual stress tests 2 and and overall capital planning. 2015.
requires the primary financial regulatory The FDIC recognizes that many
agency 3 of those financial companies to covered banks with total consolidated The proposed changes would (1)
issue regulations implementing the assets of $50 billion or more are increase consistency between the
stress test requirements.4 A state required to submit reports using the DFAST–14A with the FR Y–14A, CALL
nonmember bank or state savings Board’s Comprehensive Capital Report, FFIEC 101, and FFIEC 102; (2)
association is a ‘‘covered bank’’ and Analysis and Review (‘‘CCAR’’) remove the requirement to calculate tier
therefore subject to the stress test reporting form, FR Y–14A. The FDIC 1 common capital and the tier 1
requirements if its total consolidated also recognizes the Board has modified common ratio; and (3) shift the as-of
assets are more than $10 billion. Under the FR Y–14A, and the FDIC will keep dates by one quarter in accordance with
section 165(i)(2), a covered bank is its reporting requirements as similar as the modifications to the stress test rules.
required to submit to the Board of possible with the Board’s FR Y–14A in Furthermore, the FDIC understands that
Governors of the Federal Reserve order to minimize burden on affected the Board is currently collecting
System (‘‘Board’’) and to its primary institutions. Therefore, the FDIC is information for the Summary Schedule
financial regulatory agency a report at revising its reporting requirements to via XML technology, and the FDIC
such time, in such form, and containing remain consistent with the Board’s FR would use a similar format to enhance
such information as the primary Y–14A for covered banks with total consistency and reduce regulatory
financial regulatory agency shall consolidated assets of $50 billion or burden. Technical details on these
require.5 more. forms would be provided separately.
On October 15, 2012, the FDIC Proposed Revisions to Reporting Schedule A (Summary)—A.1.c.1
published in the Federal Register a final Templates for Institutions With $50 (General RWA)
rule implementing the section 165(i)(2) Billion or More in Assets; Other
annual stress test requirement.6 The Reporting Template and Instruction This schedule would be removed in
final rule requires covered banks to Changes accordance with the proposed revisions
meet specific reporting requirements to eliminate use of the tier 1 common
under section 165(i)(2). In 2012, the The proposed revisions to the
DFAST–14A reporting templates consist ratio, effective for the 2016 DFAST
FDIC first implemented the reporting submission.
templates for covered banks with total of clarifying instructions, adding data
consolidated assets of $50 billion or items, deleting data items, and Schedule A (Summary)—Revisions to
more and provided instructions for redefining existing data items. The Schedule A.1.c.2 (Standardized RWA)
completing the reports.7 This proposed revisions also include a shift
information collection notice describes of the as-of date in accordance with This schedule would be modified to
revisions by the FDIC to the relevant modifications to the FDIC’s stress increase consistency with the FFIEC
reporting templates and related testing rule.8 These revisions also reflect 102. Specifically, the items of the
instructions, as well as required the implementation of the final Basel III existing market risk-weighted asset
information. The information contained regulatory capital rule. On July 9, 2013, portion would be replaced with the
in these information collections may be the FDIC approved an interim final rule appropriate items from the FFIEC 102.
given confidential treatment to the that will revise and replace the FDIC’s These changes would be effective for the
extent allowed by law (5 U.S.C. risk-based and leverage capital 2017 DFAST submission.
552(b)(4)). requirements to be consistent with
agreements reached by the Basel Schedule A (Summary)—Revisions to
Consistent with past practice, the Schedule A.1.d (Capital)
FDIC intends to use the data collected Committee on Banking Supervision in
to assess the reasonableness of the stress ‘‘Basel III: A Global Regulatory
The FDIC proposes removing certain
test results of covered banks and to Framework for More Resilient Banks
and Banking Systems’’ (Basel III).9 The items related to tier 1 common capital,
provide forward-looking information to effective for the 2016 DFAST
the FDIC regarding a covered final rule was published in the Federal
Register on April 14, 2014 (‘‘Revised submission. Additionally, the FDIC
institution’s capital adequacy. The FDIC proposes adding one item that captures
also may use the results of the stress Capital Framework’’).10 The revisions
include implementation of a new the aggregate non-significant
definition of regulatory capital, a new investments in the capital of
1 Public Law 111–203, 124 Stat. 1376 (July 21,
common equity tier 1 minimum capital unconsolidated financial institutions in
2010).
the form of common stock and breaking
asabaliauskas on DSK5VPTVN1PROD with NOTICES

2 12 U.S.C. 5365(i)(2)(A). requirement, a higher minimum tier 1
3 12 U.S.C. 5301(12).
capital requirement, and, for banking out two items related to deferred tax
4 12 U.S.C. 5365(i)(2)(C).
organizations subject to the Advanced assets into the amount before valuation
5 12 U.S.C. 5365(i)(2)(B).
Approaches capital rules, a allowances and the associated valuation
6 77 FR 62417(October 15, 2012).
supplementary leverage ratio that allowance. The additional information
7 77 FR 52719 (August 30, 2012) and 77 FR 70435
from these changes would result in two
(November 26, 2012). The most recent revisions to
the reporting templates and related instructions
8 See 79 FR 69365 (November 21, 2014). existing items converting to derived
were made in 2014. See 79 FR 58780 (September 9 78 FR 55340 (September 10, 2013). items based on the additional
30, 2014) and 79 FR 75152 (December 17, 2014) 10 79 FR 20754 (April 14, 2014). information.

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Federal Register / Vol. 80, No. 240 / Tuesday, December 15, 2015 / Notices 77633

Schedule A (Summary)—Revisions to (d) Ways to minimize the burden of pursuant to sections 225.28 (b)(1) and
Schedule A.2.b (Retail Repurchase) the collection on respondents, including (b)(4)(ii).
This schedule would be removed to through the use of automated collection Board of Governors of the Federal Reserve
reduce reporting burden, effective for techniques or other forms of information System, December 10, 2015.
the 2017 DFAST submission. technology; and Michael J. Lewandowski,
(e) Estimates of capital or start-up Associate Secretary of the Board.
Schedule A (Summary)—Deletion of costs and costs of operation,
Schedule A.2.c (ASC 310–30) [FR Doc. 2015–31491 Filed 12–14–15; 8:45 am]
maintenance, and purchase of services
BILLING CODE 6210–01–P
This schedule would be removed to to provide information.
reduce reporting burden, effective for Dated at Washington, DC, this 10th day of
the 2017 DFAST submission. December. FEDERAL RESERVE SYSTEM
Schedule A (Summary)—Revisions to Federal Deposit Insurance Corporation.
Schedule A.7.c (PPNR Metrics) Robert E. Feldman, Formations of, Acquisitions by, and
Executive Secretary. Mergers of Bank Holding Companies
In order to fully align the schedule
with the stress scenarios, the beta [FR Doc. 2015–31492 Filed 12–14–15; 8:45 am] The companies listed in this notice
information would be collected BILLING CODE 6714–01–P have applied to the Board for approval,
according to the scenario instead of the pursuant to the Bank Holding Company
current ‘‘normal environment’’ Act of 1956 (12 U.S.C. 1841 et seq.)
requirement, effective for the 2016 FEDERAL RESERVE SYSTEM (BHC Act), Regulation Y (12 CFR part
DFAST submission. 225), and all other applicable statutes
Notice of Proposals To Engage in or and regulations to become a bank
Counterparty Credit Risk Schedule To Acquire Companies Engaged in holding company and/or to acquire the
This schedule would be removed to Permissible Nonbanking Activities assets or the ownership of, control of, or
reduce reporting burden effective for the the power to vote shares of a bank or
2016 DFAST submission. Aggregate The companies listed in this notice
have given notice under section 4 of the bank holding company and all of the
counterparty credit risk information will banks and nonbanking companies
continue to be obtained through the Bank Holding Company Act (12 U.S.C.
1843) (BHC Act) and Regulation Y, (12 owned by the bank holding company,
Summary Schedule (Schedule A). including the companies listed below.
CFR part 225) to engage de novo, or to
Burden Estimates The applications listed below, as well
acquire or control voting securities or
as other related filings required by the
The FDIC estimates the burden of this assets of a company, including the
Board, are available for immediate
collection as follows: companies listed below, that engages
inspection at the Federal Reserve Bank
either directly or through a subsidiary or
Current indicated. The applications will also be
other company, in a nonbanking activity
Number of Respondents: 4. available for inspection at the offices of
that is listed in § 225.28 of Regulation Y
Annual Burden per Respondent: the Board of Governors. Interested
(12 CFR 225.28) or that the Board has
1,040. persons may express their views in
determined by Order to be closely
Total Annual Burden: 4,160. writing on the standards enumerated in
related to banking and permissible for
the BHC Act (12 U.S.C. 1842(c)). If the
Proposed bank holding companies. Unless
proposal also involves the acquisition of
otherwise noted, these activities will be
Estimated Number of Respondents: 4. a nonbanking company, the review also
conducted throughout the United States.
Annual Burden per Respondent: includes whether the acquisition of the
Each notice is available for inspection
1,114. nonbanking company complies with the
Estimated Total Annual Burden: at the Federal Reserve Bank indicated.
standards in section 4 of the BHC Act
4,456 hours. The notice also will be available for
(12 U.S.C. 1843). Unless otherwise
The FDIC recognizes that the Board inspection at the offices of the Board of
noted, nonbanking activities will be
has estimated 71,709 hours for bank Governors. Interested persons may
conducted throughout the United States.
holding companies to prepare the express their views in writing on the
Unless otherwise noted, comments
Summary, Macro scenario, Operational question whether the proposal complies
regarding each of these applications
risk, Regulatory capital transitions, and with the standards of section 4 of the
must be received at the Reserve Bank
Regulatory capital instruments for the BHC Act.
indicated or the offices of the Board of
FR Y–14A. The FDIC believes that the Unless otherwise noted, comments
Governors not later than January 8,
systems covered institutions use to regarding the notices must be received
2016.
prepare the FR Y–14A reporting at the Reserve Bank indicated or the A. Federal Reserve Bank of Atlanta
templates will also be used to prepare offices of the Board of Governors not (Chapelle Davis, Assistant Vice
the reporting templates described in this later than January 8, 2016. President) 1000 Peachtree Street NE.,
notice. Comments continue to be invited A. Federal Reserve Bank of New York Atlanta, Georgia 30309:
on: (Ivan Hurwitz, Vice President) 33 1. CapStar Financial Holdings, Inc.,
(a) Whether the collection of Liberty Street, New York, New York Nashville, Tennessee; to become a bank
information is necessary for the proper 10045–0001: holding company by acquiring 100
1. New York Community Bancorp,
asabaliauskas on DSK5VPTVN1PROD with NOTICES

performance of the functions of the percent of the voting shares of CapStar
FDIC, including whether the Inc., Westbury, New York; to acquire Bank, Nashville, Tennessee.
information has practical utility; 100 percent of the voting shares of
(b) The accuracy of the FDIC’s Astoria Financial Corporation, Lake Board of Governors of the Federal Reserve
Success, New York, and indirectly System, December 10, 2015.
estimate of the burden of the collection
of information; acquire Astoria Bank, Long Island City, Michael J. Lewandowski,
(c) Ways to enhance the quality, New York, and thereby engage in Associate Secretary of the Board.
utility, and clarity of the information to extending credit and servicing loans, [FR Doc. 2015–31490 Filed 12–14–15; 8:45 am]
be collected; and in operating a savings association, BILLING CODE 6210–01–P

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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 and request for comment.
Dates		Comments must be received by February 16, 2016.
Contact		You can request additional information from Gary Kuiper, 202.898.3877, or Manny Cabeza, 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/).
FR Citation		80 FR 77631