81_FR_80938 81 FR 80717 - 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 $50 Billion or More Under the Dodd-Frank Wall Street Reform and Consumer Protection Act

81 FR 80717 - 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 $50 Billion or More 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 81, Issue 221 (November 16, 2016)

Page Range80717-80719
FR Document2016-27555

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 a revision to this information collection, as required by the Paperwork Reduction Act of 1995 (PRA). 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. Currently, 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 $50 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act.''

Federal Register, Volume 81 Issue 221 (Wednesday, November 16, 2016) 
[Federal Register Volume 81, Number 221 (Wednesday, November 16, 2016)]
[Notices]
[Pages 80717-80719]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-27555]



[[Page 80717]]

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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 $50 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 comment on a revision to this information collection, as 
required by the Paperwork Reduction Act of 1995 (PRA). 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. Currently, 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 $50 Billion 
or More under the Dodd-Frank Wall Street Reform and Consumer Protection 
Act.''

DATES: Comments must be received by January 17, 2017.

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: 1557-0319, 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 prainfo@occ.treas.gov. 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 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 include any information in your comment or 
supporting materials that you consider confidential or inappropriate 
for public disclosure.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance 
Officer, (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 St. SW., 
Washington, DC 20219. In addition, copies of the templates referenced 
in this notice can be found on the OCC's Web site 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 $50 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\ A 
national bank or federal savings association is a ``covered 
institution'' 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 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 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 to the extent permitted by law (5 U.S.C. 552(b)(4)).
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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).
    \6\ 77 FR 61238 (October 9, 2012) (codified at 12 CFR 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 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 $50 billion or more are required to submit 
reports using reporting form FR Y-14A.\7\ 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.\8\ 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 $50 billion or 
more.
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    \7\ http://www.federalreserve.gov/reportforms.
    \8\ 81 FR 49653 (July 28, 2016).
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    The OCC also recognizes that the Board has proposed to modify its 
Capital Plan and Stress Testing rule which included modified reporting 
requirements for bank holding companies (BHCs) categorized by the Board 
as large and noncomplex firms.\9\

[[Page 80718]]

The OCC is reviewing whether to apply similar changes to reporting 
requirements for a subset of covered institutions. In particular, the 
OCC is considering not requiring national banks that are subsidiaries 
of large, non-complex firms as defined by the Board to complete the 
sub-schedules identified in the Board's proposal.
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    \9\ 81 FR 67239 (September 30, 2016) (``Under the proposal, 
large and noncomplex firms would no longer be required to complete 
several elements of the FR Y-14A Schedule A (Summary), including the 
Securities OTTI methodology sub-schedule, Securities Market Value 
source sub-schedule, Securities OTTI by security sub-schedule, the 
Retail repurchase sub-schedule, the Trading sub-schedule, 
Counterparty sub-schedule, and Advanced RWA sub-schedule.'').
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    In addition to the changes that parallel the Board's proposed 
changes to the FR Y-14A, the OCC is also proposing to implement a new 
supplemental schedule to collect certain items not included in the 
Board's FR Y-14A.

Proposed Revisions to Reporting Templates for Institutions With $50 
Billion or More in Assets

    The proposed revisions to the DFAST-14A reporting templates consist 
of the following:
     Adding line items to the Regulatory Capital Instruments 
schedule.
     Updating the Summary schedule to collect items related to 
the supplementary leverage ratio.
     Removing and adding sub-schedules to the Operational Risk 
schedule.
     Creating a new supplemental schedule to collect certain 
items not included in the Board's FR Y-14A.
     Requiring a bank-specific scenario. Covered institutions 
would be required to submit bank-specific baseline and stress 
scenarios.
     Requiring the assumption of largest counterparty default. 
The largest trading covered institutions that also submit the Global 
Market Shock scenario would be required to assume the default of their 
largest counterparty in the supervisory severely adverse and adverse 
scenarios.

Bank-Specific Scenarios

    Covered institutions would be required to submit bank-specific 
baseline and bank-specific stress scenarios and associated projections 
for the 2017 annual stress testing submission. While supervisory 
scenarios provide a homogeneous scenario and a consistent market-wide 
view of the condition of the banking sector, these prescribed scenarios 
may not fully capture all of the risks that may be associated with a 
particular institution. The proposed revisions would require covered 
institutions to provide bank-specific baseline and bank-specific stress 
scenarios.
    The OCC recognizes that the Board requires BHCs to submit BHC-
specific baseline and stress scenarios and projections. Where OCC 
covered institutions also submit BHC-specific scenarios, the OCC would 
require that bank-specific scenarios would be consistent with the BHC-
specific scenarios.

Largest Counterparty Default

    Covered institutions that currently complete the Global Market 
Shock would also be required to complete the Largest Counterparty 
Default component. This is currently required by the Board, and the OCC 
would adopt a similar requirement to enhance consistency and reduce 
regulatory burden.

OCC Supplemental Schedule

    The proposed revisions include a new supplemental schedule that 
would collect additional information not otherwise included in the FR 
Y-14A. This schedule would collect, among other information, additional 
data on auto lending, commercial exposures, and non-U.S. exposures. The 
schedule would also collect information relevant to the calculation of 
the Supplementary Leverage Ratio.\10\
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    \10\ For the OCC Supplemental Schedule, the OCC anticipates that 
covered institutions will use existing models and methodologies to 
furnish the requested information. Covered institutions should not 
develop new models/methodologies just to provide the loss, balance, 
provision, and allowance numbers requested in the OCC Supplemental 
Schedule.
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Other Reporting Template and Instruction Changes

    The other proposed revisions to the DFAST-14A consist of clarifying 
instructions, adding and removing schedules, adding, deleting, and 
modifying existing data items, and altering the as-of dates. These 
proposed changes would increase consistency between the DFAST-14A and 
the FR Y-14A and Call Report.

Summary Schedule, Standardized RWA Worksheet

    The proposed revision includes multiple line item changes intended 
to promote consistency with the FR Y-14A and ensure the collection of 
accurate information.

Summary Schedule, Capital Worksheet

    Covered institutions would be required to estimate their 
supplementary leverage ratio for the planning horizon beginning on 
January 1, 2018. The OCC proposes adding two items to the Summary 
Schedule: Supplementary Leverage Ratio Exposure (SLR Exposure) and 
Supplementary Leverage Ratio (the SLR). The SLR would be a derived 
field.
    In addition, to collect more precise information regarding deferred 
tax assets (DTAs), the OCC proposes modifying one existing item on the 
Capital--DFAST worksheet of the Summary schedule as-of December 31, 
2016. The OCC proposes changing existing item 112 on the Capital--DFAST 
worksheet of the Summary schedule, ``Deferred tax assets arising from 
temporary differences that could not be realized through net operating 
loss carrybacks, net of DTLs, but before related valuation 
allowances,'' to ``Deferred tax assets arising from temporary 
differences, net of DTLs.'' A covered institution in a net deferred tax 
liability (DTL) position would report this item as a negative number. 
This modification would provide more specific information about the 
components of the ``DTAs arising from temporary differences that could 
not be realized through net operating loss carrybacks, net of related 
valuation allowances and net of DTLs'' subject to the common equity 
tier 1 capital deduction threshold.
    The proposed revisions would also remove certain items that 
pertained to the capital regulations in place before the adoption of 
the Basel III final rule.

Summary Schedule, Counterparty Worksheet

    The OCC proposes adding the item ``Other counterparty losses'' to 
the counterparty worksheet of the Summary schedule.

Operational Risk Schedule

    The proposed revisions would remove and add sub-schedules to the 
Operational Risk Schedule to ensure the collection of accurate 
information. The OCC proposes adding two sub-schedules and modifying 
the supporting documentation requirements for this schedule effective 
with the reports as-of December 31, 2016. First, new sub-schedule 
Material Risk Identification would collect information on a firm's 
material operational risks included in loss projections based on their 
risk management framework. Second, new sub-schedule Operational Risk 
Scenarios would collect a covered institution's operational risk 
scenarios included in the BHC Baseline and BHC Stress projections, a 
fundamental element of the framework.
    The Operational Risk Historical Capital sub-schedule would be 
removed from the reporting template.
    Type of Review: Regular.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 23.

[[Page 80719]]

    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: November 10, 2016.
Karen Solomon,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2016-27555 Filed 11-15-16; 8:45 am]
 BILLING CODE P

Federal Register / Vol. 81, No. 221 / Wednesday, November 16, 2016 / Notices 80717 DEPARTMENT OF THE TREASURY and submit to security screening in rule implementing the section 165(i)(2) order to inspect and photocopy annual stress test requirement.6 This Office of the Comptroller of the comments. rule describes the reports and Currency All comments received, including information collections required to meet attachments and other supporting the reporting requirements under Agency Information Collection materials, are part of the public record section 165(i)(2). These information Activities: Revision of an Approved and subject to public disclosure. Do not collections will be given confidential Information Collection; Comment include any information in your treatment to the extent permitted by law Request; Company-Run Annual Stress comment or supporting materials that (5 U.S.C. 552(b)(4)). Test Reporting Template and you consider confidential or In 2012, the OCC first implemented Documentation for Covered inappropriate for public disclosure. the reporting templates referenced in Institutions With Total Consolidated FOR FURTHER INFORMATION CONTACT: the final rule. See 77 FR 49485 (August Assets of $50 Billion or More Under the Shaquita Merritt, OCC Clearance 16, 2012) and 77 FR 66663 (November Dodd-Frank Wall Street Reform and Officer, (202) 649–5490 or, for persons 6, 2012). The OCC is now revising them Consumer Protection Act who are deaf or hard of hearing, TTY, as described below. (202) 649–5597, Legislative and The OCC intends to use the data AGENCY: Office of the Comptroller of the Regulatory Activities Division, Office of collected to assess the reasonableness of Currency, Treasury (OCC). the Comptroller of the Currency, 400 7th the stress test results of covered ACTION: Notice and request for comment. institutions and to provide forward- St. SW., Washington, DC 20219. In SUMMARY: The OCC, as part of its addition, copies of the templates looking information to the OCC continuing effort to reduce paperwork referenced in this notice can be found regarding a covered institution’s capital and respondent burden, invites the on the OCC’s Web site under News and adequacy. The OCC also may use the general public and other Federal Issuances (http://www.occ.treas.gov/ results of the stress tests to determine agencies to comment on a revision to tools-forms/forms/bank-operations/ whether additional analytical this information collection, as required stress-test-reporting.html). techniques and exercises could be by the Paperwork Reduction Act of 1995 SUPPLEMENTARY INFORMATION: The OCC appropriate to identify, measure, and (PRA). An agency may not conduct or is requesting comment on the following monitor risks at the covered institution. sponsor, and a respondent is not revision to an approved information The stress test results are expected to required to respond to, an information collection: support ongoing improvement in a collection unless it displays a currently Title: Company-Run Annual Stress covered institution’s stress testing valid Office of Management and Budget Test Reporting Template and practices with respect to its internal (OMB) control number. Currently, the Documentation for Covered Institutions assessments of capital adequacy and OCC is soliciting comment concerning a With Total Consolidated Assets of $50 overall capital planning. Billion or More Under the Dodd-Frank The OCC recognizes that many revision to a regulatory reporting Wall Street Reform and Consumer covered institutions with total requirement for national banks and Protection Act. consolidated assets of $50 billion or federal savings associations titled, OMB Control No.: 1557–0319. more are required to submit reports ‘‘Company-Run Annual Stress Test Description: Section 165(i)(2) of the using reporting form FR Y–14A.7 The Reporting Template and Documentation Dodd-Frank Wall Street Reform and OCC also recognizes the Board has for Covered Institutions With Total Consumer Protection Act 1 (Dodd-Frank proposed to modify the FR Y–14A and, Consolidated Assets of $50 Billion or Act) requires certain financial to the extent practical, the OCC will More under the Dodd-Frank Wall Street companies, including national banks keep its reporting requirements Reform and Consumer Protection Act.’’ and federal savings associations, to consistent with the Board’s FR Y–14A DATES: Comments must be received by conduct annual stress tests 2 and in order to minimize burden on covered January 17, 2017. institutions.8 Therefore, the OCC is requires the primary financial regulatory ADDRESSES: Because paper mail in the proposing to revise its reporting agency 3 of those financial companies to Washington, DC area and at the OCC is requirements to mirror the Board’s issue regulations implementing the subject to delay, commenters are proposed FR Y–14A for covered stress test requirements.4 A national encouraged to submit comments by institutions with total consolidated bank or federal savings association is a email, if possible. Comments may be assets of $50 billion or more. ‘‘covered institution’’ and therefore sent to: Legislative and Regulatory The OCC also recognizes that the subject to the stress test requirements if Activities Division, Office of the Board has proposed to modify its its total consolidated assets are more Comptroller of the Currency, Attention: Capital Plan and Stress Testing rule than $10 billion. Under section 1557–0319, 400 7th Street SW., Suite which included modified reporting 165(i)(2), a covered institution is 3E–218, Mail Stop 9W–11, Washington, requirements for bank holding required to submit to the Board of DC 20219. In addition, comments may companies (BHCs) categorized by the Governors of the Federal Reserve be sent by fax to (571) 465–4326 or by Board as large and noncomplex firms.9 System (Board) and to its primary electronic mail to prainfo@occ.treas.gov. financial regulatory agency a report at You may personally inspect and 6 77 FR 61238 (October 9, 2012) (codified at 12 such time, in such form, and containing photocopy comments at the OCC, 400 CFR 46). such information as the primary 7 http://www.federalreserve.gov/reportforms. 7th Street SW., Washington, DC 20219. asabaliauskas on DSK3SPTVN1PROD with NOTICES financial regulatory agency may 8 81 FR 49653 (July 28, 2016). For security reasons, the OCC requires require.5 On October 9, 2012, the OCC 9 81 FR 67239 (September 30, 2016) (‘‘Under the that visitors make an appointment to published in the Federal Register a final proposal, large and noncomplex firms would no inspect comments. You may do so by longer be required to complete several elements of calling (202) 649–6700 or, for persons 1 Public Law 111–203, 124 Stat. 1376, July 2010. the FR Y–14A Schedule A (Summary), including who are deaf or hard of hearing, TTY, 2 12 the Securities OTTI methodology sub-schedule, U.S.C. 5365(i)(2)(A). Securities Market Value source sub-schedule, (202) 649–5597. Upon arrival, visitors 3 12 U.S.C. 5301(12). Securities OTTI by security sub-schedule, the Retail will be required to present valid 4 12 U.S.C. 5365(i)(2)(C). repurchase sub-schedule, the Trading sub-schedule, government-issued photo identification 5 12 U.S.C. 5365(i)(2)(B). Continued VerDate Sep<11>2014 16:23 Nov 15, 2016 Jkt 241001 PO 00000 Frm 00087 Fmt 4703 Sfmt 4703 E:\FR\FM\16NON1.SGM 16NON1

80718 Federal Register / Vol. 81, No. 221 / Wednesday, November 16, 2016 / Notices The OCC is reviewing whether to apply projections. Where OCC covered In addition, to collect more precise similar changes to reporting institutions also submit BHC-specific information regarding deferred tax requirements for a subset of covered scenarios, the OCC would require that assets (DTAs), the OCC proposes institutions. In particular, the OCC is bank-specific scenarios would be modifying one existing item on the considering not requiring national banks consistent with the BHC-specific Capital—DFAST worksheet of the that are subsidiaries of large, non- scenarios. Summary schedule as-of December 31, complex firms as defined by the Board Largest Counterparty Default 2016. The OCC proposes changing to complete the sub-schedules identified existing item 112 on the Capital— in the Board’s proposal. Covered institutions that currently DFAST worksheet of the Summary In addition to the changes that complete the Global Market Shock schedule, ‘‘Deferred tax assets arising parallel the Board’s proposed changes to would also be required to complete the from temporary differences that could the FR Y–14A, the OCC is also Largest Counterparty Default not be realized through net operating proposing to implement a new component. This is currently required loss carrybacks, net of DTLs, but before supplemental schedule to collect certain by the Board, and the OCC would adopt related valuation allowances,’’ to items not included in the Board’s FR Y– a similar requirement to enhance ‘‘Deferred tax assets arising from 14A. consistency and reduce regulatory temporary differences, net of DTLs.’’ A burden. covered institution in a net deferred tax Proposed Revisions to Reporting OCC Supplemental Schedule liability (DTL) position would report Templates for Institutions With $50 this item as a negative number. This Billion or More in Assets The proposed revisions include a new modification would provide more The proposed revisions to the supplemental schedule that would specific information about the DFAST–14A reporting templates consist collect additional information not otherwise included in the FR Y–14A. components of the ‘‘DTAs arising from of the following: temporary differences that could not be • Adding line items to the Regulatory This schedule would collect, among other information, additional data on realized through net operating loss Capital Instruments schedule. carrybacks, net of related valuation • Updating the Summary schedule to auto lending, commercial exposures, and non-U.S. exposures. The schedule allowances and net of DTLs’’ subject to collect items related to the the common equity tier 1 capital supplementary leverage ratio. would also collect information relevant to the calculation of the Supplementary deduction threshold. • Removing and adding sub- The proposed revisions would also schedules to the Operational Risk Leverage Ratio.10 remove certain items that pertained to schedule. Other Reporting Template and the capital regulations in place before • Creating a new supplemental Instruction Changes the adoption of the Basel III final rule. schedule to collect certain items not The other proposed revisions to the Summary Schedule, Counterparty included in the Board’s FR Y–14A. DFAST–14A consist of clarifying Worksheet • Requiring a bank-specific scenario. instructions, adding and removing Covered institutions would be required The OCC proposes adding the item schedules, adding, deleting, and to submit bank-specific baseline and ‘‘Other counterparty losses’’ to the modifying existing data items, and stress scenarios. counterparty worksheet of the Summary altering the as-of dates. These proposed • Requiring the assumption of largest schedule. changes would increase consistency counterparty default. The largest trading between the DFAST–14A and the FR Y– Operational Risk Schedule covered institutions that also submit the 14A and Call Report. The proposed revisions would remove Global Market Shock scenario would be required to assume the default of their Summary Schedule, Standardized RWA and add sub-schedules to the largest counterparty in the supervisory Worksheet Operational Risk Schedule to ensure the severely adverse and adverse scenarios. The proposed revision includes collection of accurate information. The multiple line item changes intended to OCC proposes adding two sub- Bank-Specific Scenarios schedules and modifying the supporting promote consistency with the FR Y–14A Covered institutions would be and ensure the collection of accurate documentation requirements for this required to submit bank-specific information. schedule effective with the reports as-of baseline and bank-specific stress December 31, 2016. First, new sub- scenarios and associated projections for Summary Schedule, Capital Worksheet schedule Material Risk Identification the 2017 annual stress testing Covered institutions would be would collect information on a firm’s submission. While supervisory required to estimate their material operational risks included in scenarios provide a homogeneous supplementary leverage ratio for the loss projections based on their risk scenario and a consistent market-wide planning horizon beginning on January management framework. Second, new view of the condition of the banking 1, 2018. The OCC proposes adding two sub-schedule Operational Risk sector, these prescribed scenarios may items to the Summary Schedule: Scenarios would collect a covered not fully capture all of the risks that Supplementary Leverage Ratio Exposure institution’s operational risk scenarios may be associated with a particular (SLR Exposure) and Supplementary included in the BHC Baseline and BHC institution. The proposed revisions Leverage Ratio (the SLR). The SLR Stress projections, a fundamental asabaliauskas on DSK3SPTVN1PROD with NOTICES would require covered institutions to would be a derived field. element of the framework. provide bank-specific baseline and The Operational Risk Historical bank-specific stress scenarios. 10 For the OCC Supplemental Schedule, the OCC Capital sub-schedule would be removed The OCC recognizes that the Board anticipates that covered institutions will use from the reporting template. requires BHCs to submit BHC-specific existing models and methodologies to furnish the Type of Review: Regular. requested information. Covered institutions should Affected Public: Businesses or other baseline and stress scenarios and not develop new models/methodologies just to provide the loss, balance, provision, and allowance for-profit. Counterparty sub-schedule, and Advanced RWA numbers requested in the OCC Supplemental Estimated Number of Respondents: sub-schedule.’’). Schedule. 23. VerDate Sep<11>2014 16:23 Nov 15, 2016 Jkt 241001 PO 00000 Frm 00088 Fmt 4703 Sfmt 4703 E:\FR\FM\16NON1.SGM 16NON1

Federal Register / Vol. 81, No. 221 / Wednesday, November 16, 2016 / Notices 80719 Estimated Total Annual Burden: By the Office of the Comptroller of the OMB Control Number: 1545–0874. 16,466 hours. Currency. Type of Review: Extension without Stephen A. Lybarger, change of a currently approved The OCC believes that the systems Deputy Comptroller for Licensing. collection. covered institutions use to prepare the [FR Doc. 2016–27528 Filed 11–15–16; 8:45 am] Title: Carryforward Election of FR Y–14 reporting templates to submit BILLING CODE 4810–33–P Unused Private Activity Bond Volume to the Board will also be used to prepare Cap. the reporting templates described in this Form: 8328. notice. Comments submitted in DEPARTMENT OF THE TREASURY Abstract: Section 146(f) of the Internal response to this notice will be Revenue Code requires that issuing summarized and included in the request Submission for OMB Review; authorities of certain types of tax- for OMB approval. All comments will Comment Request exempt bonds must notify the IRS if become a matter of public record. they intend to carry forward the unused Comments are invited on: November 9, 2016. limitation for specific projects. The IRS (a) Whether the collection of The Department of the Treasury will uses the information to complete the information is necessary for the proper submit the following information required study of tax-exempt bonds performance of the functions of the collection requests to the Office of (required by Congress). OCC, including whether the information Management and Budget (OMB) for Affected Public: Businesses or other has practical utility; review and clearance in accordance for-profits. with the Paperwork Reduction Act of (b) The accuracy of the OCC’s Estimated Total Annual Burden 1995, Public Law 104–13, on or after the estimate of the burden of the collection Hours: 132,200. date of publication of this notice. of information; OMB Control Number: 1545–0908. DATES: Comments should be received on (c) Ways to enhance the quality, Type of Review: Extension without or before December 16, 2016 to be utility, and clarity of the information to change of a currently approved assured of consideration. be collected; collection. ADDRESSES: Send comments regarding (d) Ways to minimize the burden of Title: Form 8282—Donee Information the burden estimates, or any other Return; Form 8283—Noncash Charitable the collection on respondents, including aspect of the information collections, through the use of automated collection Contributions, and Form 8283–V— including suggestions for reducing the Payment Voucher for Filing Fee Under techniques or other forms of information burden, to (1) Office of Information and technology; and Section 170(f)(13). Regulatory Affairs, Office of Forms: 8282, 8283, 8283–V. (e) Estimates of capital or start-up Management and Budget, Attention: Abstract: Internal Revenue Code costs and costs of operation, Desk Officer for Treasury, New section 170(a)(1) and regulation section maintenance, and purchase of services Executive Office Building, Room 10235, 1.170A–13(c) require donors of property to provide information. Washington, DC 20503, or email at valued over $5,000 to file certain Dated: November 10, 2016. OIRA_Submission@OMB.EOP.gov and information with their tax return in (2) Treasury PRA Clearance Officer, order to receive the charitable Karen Solomon, 1750 Pennsylvania Ave. NW., Suite contribution deduction. Form 8283 is Deputy Chief Counsel, Office of the 8142, Washington, DC 20220, or email used to report the required information. Comptroller of the Currency. at PRA@treasury.gov. Code section 6050L requires donee [FR Doc. 2016–27555 Filed 11–15–16; 8:45 am] FOR FURTHER INFORMATION CONTACT: organizations to file an information BILLING CODE P Copies of the submissions may be return with the IRS if they dispose of obtained by emailing PRA@treasury.gov, the property received within two years. DEPARTMENT OF THE TREASURY calling (202) 622–0934, or viewing the Form 8282 is used for this purpose. entire information collection request at Form 8283–V is used to send along with Office of the Comptroller of the www.reginfo.gov. the filing fee that is required if a Currency Internal Revenue Service (IRS) taxpayer claims a deduction of more than $10,000 for a charitable OMB Control Number: 1545–0057. contribution of an easement on the [OCC Charter Number 700646] Type of Review: Extension without exterior of a building in a registered change of a currently approved Mutual to Stock Conversion; historic district. collection. Community Savings, Caldwell, Ohio; Title: Form 1024—Application for Affected Public: Businesses or other Approval of Conversion Application Recognition of Exemption Under for-profits. Section 501(a). Estimated Total Annual Burden Notice is hereby given that on Hours: 7,806,097. Form: 1024. November 9, 2016, the Office of the Abstract: Organizations seeking OMB Control Number: 1545–1717. Comptroller of the Currency (OCC) exemption from Federal Income tax Type of Review: Extension without approved the application of Community under Internal Revenue Code section change of a currently approved Savings, Caldwell, Ohio, to convert to 501(a) as an organization described in collection. the stock form of organization. Copies of Title: Tip Rate Determination asabaliauskas on DSK3SPTVN1PROD with NOTICES most paragraphs of section 501(c) must the application are available on the OCC use Form 1024 to apply for exemption. Agreement (TRDA) for Most Industries. Web site at the FOIA Reading Room The information collected is used to Abstract: Information is required by (https://foia-pal.occ.gov/palMain.aspx) determine whether the organization the Internal Revenue Service in its tax under Mutual to Stock Conversion qualifies for tax-exempt status. compliance efforts to assist employers Applications. If you have any questions, Affected Public: Not-for-profit and their employees in understanding please contact Licensing Activities at institutions. and complying with section 6053(a), (202) 649–6260. Estimated Total Annual Burden which requires employees to report all Dated: November 9, 2016. Hours: 291,542. their tips monthly to their employers. VerDate Sep<11>2014 16:23 Nov 15, 2016 Jkt 241001 PO 00000 Frm 00089 Fmt 4703 Sfmt 4703 E:\FR\FM\16NON1.SGM 16NON1


Document Created: 2016-11-16 00:57:13
Document Modified: 2016-11-16 00:57:13
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice and request for comment.
DatesComments must be received by January 17, 2017.
ContactShaquita Merritt, OCC Clearance Officer, (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 St. SW., Washington, DC 20219. In addition, copies of the templates referenced in this notice can be found on the OCC's Web site under News and Issuances (http://www.occ.treas.gov/tools-forms/forms/bank-operations/ stress-test-reporting.html).
FR Citation81 FR 80717 
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