81 FR 85223 - Agency Information Collection Activities: Proposed Information Collection Revision; Comment Request (3064-0189)
FEDERAL DEPOSIT INSURANCE CORPORATION Federal Register Volume 81, Issue 227 (November 25, 2016)
Federal Register Volume 81, Issue 227 (November 25, 2016)
| Page Range | 85223-85225 | |
| FR Document | 2016-28344 |
[Federal Register Volume 81, Number 227 (Friday, November 25, 2016)] [Notices] [Pages 85223-85225] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-28344] ----------------------------------------------------------------------- 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. ----------------------------------------------------------------------- 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 January 24, 2017. ADDRESSES: You may submit written comments by any of the following methods:Federal eRulemaking Portal: http://www.FDIC.gov/regulations/laws/federal/notices.html. Follow the instructions for submitting comments. Email: [email protected]. 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: Manny Cabeza (202-898-3767), Counsel, MB-3007, Federal Deposit Insurance Corporation, 550 17th Street NW., 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 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 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 [[Page 85224]] 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\ --------------------------------------------------------------------------- \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). --------------------------------------------------------------------------- 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)). --------------------------------------------------------------------------- \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) --------------------------------------------------------------------------- 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 The proposed revisions to the DFAST-14A reporting templates 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 with the FR Y-14A and CALL Report, Summary Schedule, Standardized RWA Worksheet The proposed revision includes multiple line items 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 FDIC 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 FDIC proposes modifying one existing item on the Capital--DFAST worksheet of the Summary schedule as-of December 31, 2016. The FDIC 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 FDIC proposes adding the item ``Other counterparty losses'' to the counterparty worksheet of the Summary schedule. Regulatory Capital Instruments Schedule The FDIC proposes to remove the Regulatory Capital Instruments Schedule. Regulatory Capital Transitions Schedule The FDIC proposes to remove the Regulatory Capital Transitions Schedule. Operational Risk Schedule The FDIC proposes to remove the Operational Risk Schedule. Burden Estimates The FDIC estimates that the proposed revisions will not affect the burden estimates of this information collection which will remain as follows: Number of Respondents: 4. Annual Burden per Respondent: 1,114. Total Annual Burden: 4,456. The FDIC recognizes that the Board requires 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; [[Page 85225]] (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 21st day of November. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2016-28344 Filed 11-23-16; 8:45 am] BILLING CODE 6714-01-P
![Federal Register / Vol. 81, No. 227 / Friday, November 25, 2016 / Notices 85223
comply with a Congressional mandate Consistent with the statutory mandate for Covered Institutions with Total
contained in section 7 of the Federal to conduct the surveys on an ongoing Consolidated Assets of $50 Billion or
Deposit Insurance Reform Conforming basis, the FDIC already has in place More under the Dodd-Frank Wall Street
Amendments Act of 2005 (‘‘Reform arrangements for conducting the fourth Reform and Consumer Protection Act,’’
Act’’) (Pub. L. 109–173), which calls for Household Survey as a supplement to (3064–0189), as required by the
the FDIC to conduct ongoing surveys the June 2017 CPS. However, prior to Paperwork Reduction Act of 1995.
‘‘on efforts by insured depository finalizing the next survey questionnaire, DATES: Comments must be received by
institutions to bring those individuals the FDIC seeks to solicit public January 24, 2017.
and families who have rarely, if ever, comment on whether changes to the
held a checking account, a savings existing instrument are desirable and, if ADDRESSES: You may submit written
account or other type of transaction or so, to what extent. It should be noted comments by any of the following
check cashing account at an insured that, as a supplement of the CPS survey, methods:
depository institution (hereafter in this the Household Survey needs to adhere • Federal eRulemaking Portal: http://
section referred to as the ‘unbanked’) to specific parameters that include www.FDIC.gov/regulations/laws/
into the conventional finance system.’’ limits in the length and sensitivity of federal/notices.html. Follow the
Section 7 further instructs the FDIC to the questions that can be asked of CPS instructions for submitting comments.
consider several factors in its conduct of respondents. Specifically, there is a • Email: comments@fdic.gov. Include
the surveys, including: (1) ‘‘what strict limitation on the number of ‘‘Annual Stress Test Reporting Template
cultural, language and identification questions permitted and the average and Documentation for Covered
issues as well as transaction costs time required to complete the survey. Institutions with Total Consolidated
appear to most prevent ‘unbanked’ Request for Comment Assets of $50 Billion or More’’ on the
individuals from establishing subject line of the message.
conventional accounts’’; and (2) ‘‘what Comments are invited on: (a) Whether
• Mail: Manny Cabeza (202–898–
is a fair estimate of the size and worth the collections of information are
3767), Counsel, MB–3007, Federal
of the ‘‘unbanked’’ market in the United necessary for the proper performance of
Deposit Insurance Corporation, 550 17th
States.’’ The National Survey of the FDIC’s functions, including whether
Street NW., Washington, DC 20429.
Unbanked and Underbanked the information has practical utility; (b)
the accuracy of the estimates of the • Hand Delivery/Courier: Guard
Households is designed to address these station at the rear of the 550 17th Street
factors and provide a factual basis on burden of the information collections,
including the validity of the Building (located on F Street) on
the proportions of unbanked business days between 7:00 a.m. and
households. Such a factual basis is methodology and assumptions used; (c)
ways to enhance the quality, utility, and 5:00 p.m.
necessary to adequately assess banks’
efforts to serve these households as clarity of the information to be • Public Inspection: All comments
required by the statutory mandate. collected; and (d) ways to minimize the received will be posted without change
burden of the collections of information to http://www.fdic.gov/regulations/laws/
To obtain this information, the FDIC
on respondents, including through the federal/ including any personal
partnered with the U.S. Census Bureau,
use of automated collection techniques information provided.
which administered the Household
Survey supplement (‘‘FDIC or other forms of information Additionally, you may send a copy of
Supplement’) to households that technology. All comments will become your comments: By mail to the U.S.
participated in the January 2009, June a matter of public record. Office of Management and Budget, 725
2011, June 2013 and June 2015 CPS. The Dated at Washington, DC, this 21st day of 17th Street NW., #10235, Washington,
results of these surveys were released to November 2016. DC 20503 or by facsimile to
the public in December 2009, September Federal Deposit Insurance Corporation. 202.395.6974, Attention: Federal
2012, October 2014, and October 2016, Robert E. Feldman, Banking Agency Desk Officer.
respectively. Executive Secretary. FOR FURTHER INFORMATION CONTACT: You
The FDIC supplement has yielded [FR Doc. 2016–28393 Filed 11–23–16; 8:45 am] can request additional information from
nationally-representative data, not BILLING CODE 6714–01–P Manny Cabeza, 202.898.3767, Legal
otherwise available, on the size and Division, Federal Deposit Insurance
characteristics of the population that is Corporation, 550 17th Street NW., MB–
unbanked or underbanked, the use by FEDERAL DEPOSIT INSURANCE 3016 Washington, DC 20429. In
this population of alternative financial CORPORATION addition, copies of the templates
services, and the reasons why some referenced in this notice can be found
households do not make greater use of Agency Information Collection on the FDIC’s Web site (http://www.
mainstream banking services. The Activities: Proposed Information fdic.gov/regulations/laws/federal/).
National Survey of Unbanked and Collection Revision; Comment
Request (3064–0189) SUPPLEMENTARY INFORMATION: The FDIC
Underbanked Households is the only is requesting comment on the following
population-representative survey AGENCY: Federal Deposit Insurance changes to the information collection:
conducted at the national level that Corporation (FDIC). Title: Company-Run Annual Stress
provides state-level estimates of the size ACTION: Notice and request for comment. Test Reporting Template and
and characteristics of unbanked and
asabaliauskas on DSK3SPTVN1PROD with NOTICES
Documentation for Covered Institutions
underbanked households for all 50 SUMMARY: The Federal Deposit
with Total Consolidated Assets of $50
states and the District of Columbia. An Insurance Corporation (‘‘FDIC’’) invites
Billion or More under the Dodd-Frank
executive summary of the results of the the general public and other Federal
Wall Street Reform and Consumer
first three Household Surveys, the full agencies to take this opportunity to
Protection Act.
reports, and the survey instruments can comment on a revision of a continuing
be accessed through the following link: information collection, titled, OMB Control Number: 3064–0189.
http://www.economicinclusion.gov/ ‘‘Company-Run Annual Stress Test Description: Section 165(i)(2) of the
surveys/. Reporting Template and Documentation Dodd-Frank Wall Street Reform and
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![Federal Register / Vol. 81, No. 227 / Friday, November 25, 2016 / Notices 85225
(b) The accuracy of the FDIC’s Mease, Winterset, Iowa; Sue A. Mease, Governors not later than December 21,
estimate of the burden of the collection Winterset, Iowa; Justin J. Mease, 2016.
of information; Ankeny, Iowa; April S. Schaefer, Cedar A. Federal Reserve Bank of St. Louis
(c) Ways to enhance the quality, Rapids, Iowa; Shane K. Pashek, (David L. Hubbard, Senior Manager)
utility, and clarity of the information to Winterset, Iowa; Ann Pashek, Winterset, P.O. Box 442, St. Louis, Missouri
be collected; Iowa; Taylor E. Pashek, Winterset, Iowa; 63166–2034. Comments can also be sent
(d) Ways to minimize the burden of S. James Smith, Winterset, Iowa; Linda electronically to
the collection on respondents, including J. Smith, Earlham, Iowa; Kari L. Brett, Comments.applications@stls.frb.org:
through the use of automated collection Altoona, Iowa; Ellen D. Wade, Beacon, 1. Lonoke Bancshares, Inc., Lonoke,
techniques or other forms of information New York; M. Randall Townsend, Arkansas; to indirectly acquire 100
technology; and Winterset, Iowa; Kimberly A. Townsend, percent of Pinnacle Bancshares, Inc.,
(e) Estimates of capital or start-up Winterset, Iowa; Megan A. Townsend, Rogers, Arkansas, and thereby indirectly
costs and costs of operation, Winterset, Iowa; David E. Trask, acquire Pinnacle Bank, Rogers,
maintenance, and purchase of services Winterset, Iowa; Judith A. Trask, Arkansas.
to provide information. Winterset, Iowa; and Kristin Elizabeth Board of Governors of the Federal Reserve
Weis, Winterset, Iowa; to acquire control System, November 21, 2016.
Dated at Washington, DC, this 21st day of
November. voting shares of Farmers and Merchants
Yao-Chin Chao,
Bancorp, Winterset, Iowa, and thereby
Federal Deposit Insurance Corporation. Assistant Secretary of the Board.
indirectly control Farmers & Merchants
Robert E. Feldman, [FR Doc. 2016–28387 Filed 11–23–16; 8:45 am]
State Bank, Winterset, Iowa.
Executive Secretary. BILLING CODE 6210–01–P
Board of Governors of the Federal Reserve
[FR Doc. 2016–28344 Filed 11–23–16; 8:45 am]
System, November 21, 2016.
BILLING CODE 6714–01–P
Yao-Chin Chao,
Assistant Secretary of the Board. DEPARTMENT OF HEALTH AND
[FR Doc. 2016–28386 Filed 11–23–16; 8:45 am]
HUMAN SERVICES
FEDERAL RESERVE SYSTEM
BILLING CODE 6210–01–P
Centers for Disease Control and
Change in Bank Control Notices; Prevention
Acquisitions of Shares of a Bank or
FEDERAL RESERVE SYSTEM [Docket No. CDC–2016–0110]
Bank Holding Company
The notificants listed below have Formations of, Acquisitions by, and Draft Guideline Update—CDC
applied under the Change in Bank Mergers of Bank Holding Companies Recommendations on Use of
Control Act (12 U.S.C. 1817(j)) and The companies listed in this notice Chlorhexidine-Impregnated Dressings
§ 225.41 of the Board’s Regulation Y (12 have applied to the Board for approval, for Prevention of Intravascular
CFR 225.41) to acquire shares of a bank pursuant to the Bank Holding Company Catheter-Related Infections
or bank holding company. The factors Act of 1956 (12 U.S.C. 1841 et seq.) AGENCY: Centers for Disease Control and
that are considered in acting on the (BHC Act), Regulation Y (12 CFR part Prevention (CDC), Department of Health
notices are set forth in paragraph 7 of 225), and all other applicable statutes and Human Services (DHHS).
the Act (12 U.S.C. 1817(j)(7)). and regulations to become a bank
The notices are available for ACTION: Notice of availability and
holding company and/or to acquire the
immediate inspection at the Federal request for public comments.
assets or the ownership of, control of, or
Reserve Bank indicated. The notices the power to vote shares of a bank or SUMMARY: The Centers for Disease
also will be available for inspection at bank holding company and all of the Control and Prevention (CDC), located
the offices of the Board of Governors. banks and nonbanking companies within the Department of Health and
Interested persons may express their owned by the bank holding company, Human Services (HHS) announces the
views in writing to the Reserve Bank including the companies listed below. opening of a docket to obtain public
indicated for that notice or to the offices The applications listed below, as well comment on the Draft Update of CDC
of the Board of Governors. Comments as other related filings required by the Recommendations on Use of
must be received not later than Board, are available for immediate Chlorhexidine-Impregnated Dressings
December 9, 2016. inspection at the Federal Reserve Bank for Prevention of Intravascular Catheter-
A. Federal Reserve Bank of Chicago indicated. The applications will also be Related Infections (Draft
(Colette A. Fried, Assistant Vice available for inspection at the offices of Recommendation Update). The Draft
President) 230 South LaSalle Street, the Board of Governors. Interested Recommendation Update addresses new
Chicago, Illinois 60690–1414: persons may express their views in and updated strategies for the
1. Mike Weis and Valerie Weis, writing on the standards enumerated in prevention of intravascular catheter-
Norwalk, Iowa, individually and as the BHC Act (12 U.S.C. 1842(c)). If the related infections in healthcare settings.
controlling shareholders of Interstate proposal also involves the acquisition of CDC is providing a supporting appendix
Enterprises, Ltd. a wholly-owned a nonbanking company, the review also in the docket that includes primary
subsidiary of Interstate Telephone includes whether the acquisition of the evidence, study evaluation, and data
Company, Truro, Iowa, and as a group nonbanking company complies with the
asabaliauskas on DSK3SPTVN1PROD with NOTICES
evaluation tables that were used in
acting in concert with: Paul Cain, Van standards in section 4 of the BHC Act developing the Draft Recommendation
Meter, Iowa; Kelly Cain, Van Meter, (12 U.S.C. 1843). Unless otherwise Update.
Iowa; David Cain, Van Meter, Iowa; noted, nonbanking activities will be
Meghan E. Cain, Van Meter, Iowa; conducted throughout the United States. DATES: Comments must be received on
Stephen Cain, Winterset, Iowa; Marvin Unless otherwise noted, comments or before January 24, 2017.
A. Eivins, Winterset, Iowa; Lillian K. regarding each of these applications ADDRESSES: You may submit comments,
Eivins, Winterset, Iowa; Susan Eivins must be received at the Reserve Bank identified by Docket No. CDC–2016–
Brakhane, Winterset, Iowa; James W. indicated or the offices of the Board of 0110 by any of the following methods:
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Document Created: 2016-11-23 23:18:13
Document Modified: 2016-11-23 23:18:13
| 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 January 24, 2017. | |
| Contact | You can request additional information from 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 | 81 FR 85223 |
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