82 FR 46887 - Proposed Agency Information Collection Activities: Comment Request
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE CORPORATION Federal Register Volume 82, Issue 193 (October 6, 2017)
Office of the Comptroller of the Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE CORPORATION
Federal Register Volume 82, Issue 193 (October 6, 2017)
| Page Range | 46887-46890 | |
| FR Document | 2017-21571 |
[Federal Register Volume 82, Number 193 (Friday, October 6, 2017)] [Notices] [Pages 46887-46890] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-21571] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency FEDERAL RESERVE SYSTEM FEDERAL DEPOSIT INSURANCE CORPORATION Proposed Agency Information Collection Activities: Comment Request AGENCY: Office of the Comptroller of the Currency (OCC), Treasury; Board of Governors of the Federal Reserve System (Board); and Federal Deposit Insurance Corporation (FDIC). ACTION: Joint notice and request for comment. ----------------------------------------------------------------------- SUMMARY: In accordance with the requirements of the Paperwork Reduction Act (PRA) of 1995, the OCC, the Board, and the FDIC (the agencies) may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The agencies, under the auspices of the Federal Financial Institutions Examination Council (FFIEC), have approved the publication for public comment of the proposed Annual Dodd-Frank Act Company-Run Stress Test Report for Depository Institutions and Holding Companies with $10-$50 Billion in Total Consolidated Assets (FFIEC 016). This proposed report would combine the agencies' three separate, yet identical, stress test report forms (as described in the SUPPLEMENTARY INFORMATION), which are currently approved collections of information, into a single new FFIEC report. As part of their proposed adoption of the new FFIEC 016 report, the agencies also are proposing to implement a limited number of revisions that would align the report with recent burden-reducing changes to the FFIEC 031 and FFIEC 041 Consolidated Reports of Condition and Income and the Board's FR Y-9C Consolidated Financial Statements for Holding Companies. In addition, the agencies are proposing to have institutions provide their Legal Entity Identifier (LEI) on the report form, if they already have one. The proposed FFIEC 016 reporting requirements reflect the company-run stress testing requirements promulgated by the Dodd-Frank Wall Street Reform and Consumer Protection Act (as reflected in the agencies' current information collections). The Board, in connection with this proposal and conditioned on the final adoption of the FFIEC 016, is proposing to replace the FR Y-16 (Annual Company-Run Stress Test Report For State Member Banks, Bank Holding Companies, and Savings and Loan Holding Companies with Total Consolidated Assets Greater Than $10 Billion and Less Than $50 Billion), which it currently uses to collect the annual company-run stress test results. Also in connection with the final adoption of the FFIEC 016, the OCC and the FDIC are proposing to replace the OCC's DFAST 10-50B (Annual Company-Run Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of $10 Billion to $50 Billion under the Dodd-Frank Wall Street Reform and Consumer Protection Act), and the FDIC's DFAST 10-50 (Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of $10 Billion to $50 Billion under the Dodd-Frank Wall Street Reform and Consumer Protection Act), respectively, with the FFIEC 016. The respondents for the proposed FFIEC 016 are institutions with average total consolidated assets of at least $10 billion, but less than $50 billion. The proposed FFIEC 016 would take effect for the December 31, 2017, as-of date of the stress test report. The submission deadline for the report would be the following July 31. At the end of the comment period for this notice, the comments and recommendations received will be reviewed to determine whether the FFIEC and the agencies should modify the proposal for the FFIEC 016 report [[Page 46888]] form before giving final approval. As required by the PRA, the agencies will then publish a second Federal Register notice for a 30-day comment period and submit the FFIEC 016 information collection to OMB for review and approval. DATES: Comments must be submitted on or before December 5, 2017. ADDRESSES: Interested parties are invited to submit written comments to any or all of the agencies. All comments, which should refer to the OMB control number(s), will be shared among the agencies. OCC: 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, to [email protected]. Alternately, comments may be sent to: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: ``1557-0311 (FFIEC 016),'' 400 7th Street SW., Suite 3E-218, Washington, DC 20219. In addition, comments may be sent by fax to (571) 465-4326. 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. Board: You may submit comments, which should refer to ``FFIEC 016,'' by any of the following methods:Agency Web site: http://www.federalreserve.gov. Follow the instructions for submitting comments at: http://www.federalreserve.gov/apps/foia/proposedregs.aspx. Federal eRulemaking Portal: http://www.regulations.gov. Follow the instructions for submitting comments. Email: [email protected]. Include reporting form number in the subject line of the message. FAX: (202) 452-3819 or (202) 452-3102. Mail: Ann E. Misback, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW., Washington, DC 20551. All public comments are available from the Board's Web site at http://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted, unless modified for technical reasons. Accordingly, your comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper form in Room 3515, 1801 K Street (between 18th and 19th Streets) NW., Washington, DC 20006, between 9:00 a.m. and 5:00 p.m. on weekdays. FDIC: You may submit comments, which should refer to ``FFIEC 016,'' 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: [email protected]. Include ``FFIEC 016'' in the subject line of the message. Mail: Manuel E. Cabeza, Counsel, Attn: Comments, Room MB- 3007, Federal Deposit Insurance Corporation, 550 17th Street NW., Washington, DC 20429. Hand Delivery: Comments may be hand delivered to the 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. Comments may be inspected at the FDIC Public Information Center, Room E-1002, 3501 Fairfax Drive, Arlington, VA 22226, between 9:00 a.m. and 5:00 p.m. on business days. Additionally, commenters may send a copy of their comments to the OMB desk officer for the agencies by mail to the Office of Information and Regulatory Affairs, U.S. Office of Management and Budget, New Executive Office Building, Room 10235, 725 17th Street NW., Washington, DC 20503; by fax to (202) 395-6974; or by email to [email protected]. FOR FURTHER INFORMATION CONTACT: For further information about the proposed FFIEC report discussed in this notice, please contact any of the agency staff whose names appear below. In addition, a copy of the proposed FFIEC 016 reporting form is available on the FFIEC's Web site (http://www.ffiec.gov/ffiec_report_forms.htm). OCC: Kevin Korzeniewski, Counsel, (202) 649-5490 or, for persons who are deaf or hard of hearing, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW., Washington, DC 20219. Board: Nuha Elmaghrabi, Federal Reserve Board Clearance Officer, (202) 452-3884, Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, 20th and C Streets NW., Washington, DC 20551. Telecommunications Device for the Deaf (TDD) users may call (202) 263-4869. FDIC: Manuel E. Cabeza, Counsel, (202) 898-3767, Legal Division, Federal Deposit Insurance Corporation, 550 17th Street NW., Room MB- 3007, Washington, DC 20429. SUPPLEMENTARY INFORMATION: The agencies propose to implement the FFIEC 016 report form to replace the following report forms, which are approved collections of information: Board's FR Y-16, Annual Company- Run Stress Test Report For State Member Banks, Bank Holding Companies, and Savings and Loan Holding Companies with Total Consolidated Assets Greater Than $10 Billion and Less Than $50 Billion (OMB Control No. 7100-0356); FDIC's DFAST 10-50, Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of $10 Billion to $50 Billion under the Dodd- Frank Wall Street Reform and Consumer Protection Act (OMB Control No. 3064-0187); and OCC's DFAST 10-50B, Annual Company-Run Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of $10 Billion to $50 Billion under the Dodd- Frank Wall Street Reform and Consumer Protection Act (OMB Control No. 1557-0311). These existing report forms collect identical information; however, the respondent institutions for each form vary based on each agency's supervisory jurisdiction. Report Title: Annual Dodd-Frank Act Company-Run Stress Test Report for Depository Institutions and Holding Companies with $10-$50 Billion in Total Consolidated Assets. Form Number: FFIEC 016. Frequency of Response: Annually. Affected Public: Business or other for-profit. OCC OMB Control No.: 1557-0311. Estimated Number of Respondents: [[Page 46889]] Initial Stress Test: 1 National bank or federal savings association. Ongoing Annual Stress Test: 36 National banks and federal savings associations. Estimated Time per Response: Initial Stress Test: 2,000 Burden hours per response. Ongoing Annual Stress Test: 469 Burden hours per response. Estimated Total Annual Burden: Initial Stress Test: 2,000 Burden hours to file. Ongoing Annual Stress Test: 16,884 Burden hours to file. Total: 18,884 Burden hours to file. Board OMB Control No.: 7100-0356. Estimated Number of Respondents: Initial Stress Test: 9 State member banks, bank holding companies, and savings and loan holding companies. Ongoing Annual Stress Test: 70 State member banks, bank holding companies, and savings and loan holding companies. Estimated Time per Response: Initial Stress Test: 2,000 Burden hours per response. Ongoing Annual Stress Test: 469 Burden hours per response. Estimated Total Annual Burden: Initial Stress Test: 18,000 Burden hours to file. Ongoing Annual Stress Test: 32,830 Burden hours to file. Total: 50,830 Burden hours to file. FDIC OMB Control No.: 3064-0187. Estimated Number of Respondents: Initial Stress Test: 2 Insured state nonmember banks and savings associations. Ongoing Annual Stress Test: 22 Insured state nonmember banks and state savings associations. Estimated Time per Response: Initial Stress Test: 2,000 Burden hours per response. Ongoing Annual Stress Test: 469 Burden hours per response. Estimated Total Annual Burden: Initial Stress Test: 4,000 Burden hours to file. Ongoing Annual Stress Test: 10,318 Burden hours to file. Total: 14,318 Burden hours to file. Type of Review: OCC and FDIC: Revision and extension of currently approved collections. Board: Proposal for a new collection of information and discontinuation of a currently approved collection. General Description of Reports The proposed FFIEC 016 information collection will be mandatory for institutions with average total consolidated assets of at least $10 billion, but less than $50 billion. The FFIEC 016 implements the reporting of the annual company-run stress testing required of such institutions under section 165(i)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203 (Dodd-Frank Act), and each agency's implementing regulation.\1\ All data reported in the proposed FFIEC 016 would be given confidential treatment under 5 U.S.C. 552(b)(8). --------------------------------------------------------------------------- \1\ 12 CFR part 46 (OCC); 12 CFR part 252, subpart B (Board); 12 CFR part 325, subpart C (FDIC). --------------------------------------------------------------------------- Abstract The FFIEC 016 report would be submitted by institutions supervised by the agencies with average total consolidated assets of at least $10 billion, but less than $50 billion, to report their company-run stress test results. These reports collect quantitative projections of balance sheet assets and liabilities, income, losses, and capital across three scenarios (baseline, adverse, and severely adverse) and qualitative information on methodologies used to develop these internal projections. Data received in the agencies' $10-$50 billion annual Dodd-Frank Act company-run stress test reports are used in connection with supervision and regulation of these institutions to form supervisory assessments of the quality of a company's stress-testing process and, overall, as part of the broader assessment of a company's capital adequacy and risk management process. Data collected in these reports provide the agencies with one of many tools available to examiners to assist in the analysis and assessment of a company's capital position and planning process. Current Actions I. Discussion of Proposed FFIEC Report Form Each agency has issued rules applicable to the banking organizations it supervises with total consolidated assets of at least $10 billion, but less than $50 billion, that implement the company-run stress testing requirement promulgated by section 165(i)(2) of the Dodd-Frank Act.\2\ Under the agencies' respective rules, institutions that meet this asset threshold are required to conduct, and report the results of, an annual stress test using scenarios provided by the agencies. --------------------------------------------------------------------------- \2\ 12 CFR part 46 (OCC); 12 CFR part 252, subpart B (Board); 12 CFR part 325, subpart C (FDIC). --------------------------------------------------------------------------- The annual as-of date of the stress test report is December 31, and the submission deadline for the report is the following July 31. Currently, the agencies maintain separate, yet identical, report forms (FR Y-16, FDIC DFAST 10-50, and OCC DFAST 10-50B) for the banks, savings associations, and holding companies they supervise to report these company-run stress test results. These annual reports collect quantitative projections of balance sheet assets and liabilities, income, losses, and capital across a range of macroeconomic and financial scenarios as well as qualitative supporting information on the methodologies and processes used to develop those internal projections. The agencies are proposing to combine these separate data collections and designate the combined report as a uniform FFIEC data collection. As part of their proposed adoption of the new FFIEC 016 report, the agencies also are proposing to change the quantitative and qualitative information currently collected in their separate, yet identical, report forms to implement a limited number of revisions that would align the new report with recent burden-reducing changes to the FFIEC 031, FFIEC 041, and the Board's FR Y-9C.\3\ These revisions are not expected to change the estimated reporting burden for the proposed new FFIEC 016 compared to the estimated reporting burden for the agencies' existing stress test report forms. --------------------------------------------------------------------------- \3\ FFIEC 031 and FFIEC 041 Consolidated Reports of Condition and Income (OMB Control Nos.: OCC, 1557-0081; Board, 7100-0036; and FDIC, 3064-0052): See 81 FR 45357 (July 13, 2016) and 82 FR 2444 (January 9, 2017); FR Y-9C Consolidated Financial Statements for Holding Companies (OMB Control No.: Board, 7100-0128): See 81 FR 62129 (September 8, 2016). --------------------------------------------------------------------------- The following revisions to the FFIEC 031, FFIEC 041, and FR Y-9C (as applicable) that took effect March 31, 2017, would affect the proposed FFIEC 016: (1) On the FFIEC 031 and FFIEC 041 Schedule RI, Memorandum item 14.a, and on the FR Y-9C Schedule HI, Memorandum item 17(a), ``Total other-than-temporary impairment losses,'' was removed, but institutions continue to report other-than-temporary impairment losses recognized in earnings on the FFIEC 031 and FFIEC 041 Schedule RI, Memorandum item 14, and the FR Y-9C Schedule HI, Memorandum item 17. The agencies propose for the new FFIEC 016 report form and instructions to replace line item 25, ``Total other-than-temporary impairment losses,'' on each Income Statement scenario schedule with ``Other-than-temporary impairment losses on held-to-maturity and available-for-sale debt securities [[Page 46890]] recognized in earnings'' as defined in FFIEC 031 and FFIEC 041 Schedule RI, Memorandum item 14, and FR Y-9C Schedule HI, Memorandum item 17. (2) On the FFIEC 031 and FFIEC 041 Schedule RC-E, Part I, Memorandum items 1.c.(1), ``Brokered deposits of less than $100,000,'' and 1.c.(2), ``Brokered deposits of $100,000 through $250,000 and certain brokered retirement deposit accounts,'' were combined into a single item, Memorandum item 1.c, ``Brokered deposits of $250,000 or less (fully insured brokered deposits).'' The agencies propose for the new FFIEC 016 report form and instructions to align its Balance Sheet line items 32 and 33 for retail and wholesale funding calculations, respectively, with the updated FFIEC 031 and FFIEC 041 Schedule RC-E, Part I, Memorandum item 1.c, ``Brokered deposits of $250,000 or less (fully insured brokered deposits).'' (3) On Schedule RC-M of the FFIEC 031 and FFIEC 041, items for the amount of loans covered by FDIC loss-sharing agreements in the following loan categories were removed and combined with existing Schedule RC-M, item 13.a.(5), ``All other loans and all leases'' covered by such agreements: Item 13.a.(2), ``Loans to finance agricultural production and other loans to farmers''; item 13.a.(3), ``Commercial and industrial loans''; item 13.a.(4)(a), ``Credit cards''; item 13.a.(4)(b), ``Automobile loans''; and item 13.a.(4)(c), ``Other (includes revolving credit plans other than credit cards, and other consumer loans).'' In order to keep the data collection uniform and comparable across types of reporting institutions, the agencies propose for the new FFIEC 016 report form and instructions to discontinue the deduction of loans covered by FDIC loss-sharing agreements from each of the loan categories collected in Balance Sheet line items 1 through 13. In addition, in the proposed new FFIEC 016 report form, existing Balance Sheet line item 14, ``Loans covered by FDIC loss-sharing agreements,'' will be retained. In addition, the agencies are proposing to have reporting institutions provide their LEI on the FFIEC 016 report form, if they have one. The LEI is a 20-digit alpha-numeric code that uniquely identifies entities that engage in financial transactions. The recent financial crisis spurred the development of a Global LEI System (GLEIS). Internationally, regulators and market participants have recognized the importance of the LEI as a key improvement in financial data systems. The Group of Twenty (G-20) nations directed the Financial Stability Board (FSB) to lead the coordination of international regulatory work and deliver concrete recommendations on the GLEIS by mid-2012, which in turn were endorsed by the G-20 later that same year. In January 2013, the LEI Regulatory Oversight Committee (ROC), including participation by regulators from around the world, was established to oversee the GLEIS on an interim basis. With the establishment of the full Global LEI Foundation in 2014, the ROC continues to review and develop broad policy standards for LEIs. The OCC, the Board, and the FDIC are all members of the ROC. The LEI system is designed to facilitate several financial stability objectives, including the provision of higher quality and more accurate financial data. In the United States, the Financial Stability Oversight Council (FSOC) has recommended that regulators and market participants continue to work together to improve the quality and comprehensiveness of financial data both nationally and globally. In this regard, the FSOC also has recommended that its member agencies promote the use of the LEI in reporting requirements and rulemakings, where appropriate.\4\ --------------------------------------------------------------------------- \4\ Financial Stability Oversight Council 2015 Annual Report, page 14, http://www.treasury.gov/initiatives/fsoc/studies-reports/Documents/2015%20FSOC%20Annual%20Report.pdf. --------------------------------------------------------------------------- With respect to the FFIEC 016, the agencies are proposing to have reporting institutions provide their LEI on the cover page of this new report once it is implemented, if a reporting institution has an LEI. A reporting institution that does not have an LEI would not be required to obtain one for purposes of reporting it on the FFIEC 016. The uniform FFIEC 016 report would be collected through the application currently used to collect the agencies' separate stress test reporting forms, the Federal Reserve's Reporting Central application. The agencies believe that developing a uniform report under the FFIEC reporting structure will promote uniform standards and reporting across the agencies, which is consistent with the function of the FFIEC.\5\ The proposed FFIEC 016 information collection would satisfy each agency's company-run stress-testing requirements, while ensuring consistency and comparability of the stress-testing information across institutions. The change from three separate agency- specific reports to an interagency FFIEC report is expected to be a seamless change for institutions with $10 to $50 billion in assets currently reporting annual Dodd-Frank Act stress-testing information. The change also would ensure that future collections of this information remain uniform across the agencies. --------------------------------------------------------------------------- \5\ See 12 U.S.C. 3305(c). --------------------------------------------------------------------------- The proposed FFIEC 016 report form would take effect as of December 31, 2017. The first annual filing deadline for the FFIEC 016 report form would be July 31, 2018. II. Request for Comment Public comment is requested on all aspects of this joint notice. Comments are invited on: (a) Whether the collections of information that are the subject of this notice are necessary for the proper performance of the agencies' functions, including whether the information has practical utility; (b) The accuracy of the agencies' estimates of the burden of the information collections as they are proposed to be revised, including the validity of the methodology and assumptions used; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of information collections 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 the information. Comments submitted in response to the joint notice will be shared among the agencies. All comments will become a matter of public record. Dated: October 2, 2017. Karen Solomon, Deputy Chief Counsel, Office of the Comptroller of the Currency. Board of Governors of the Federal Reserve System, September 29, 2017. Ann E. Misback, Secretary of the Board. Dated at Washington, DC, this 27th day of September 2017. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2017-21571 Filed 10-5-17; 8:45 am] BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P
![Federal Register / Vol. 82, No. 193 / Friday, October 6, 2017 / Notices 46887
• Web site: http:// dockets by the name of the individual are currently approved collections of
www.regulations.gov. Follow the online submitting the comment (or signing the information, into a single new FFIEC
instructions for submitting comments. document, if submitted on behalf of an report. As part of their proposed
• Fax: 202–493–2251. association, business, labor union, etc.). adoption of the new FFIEC 016 report,
• Mail: Docket Operations Facility, In accordance with 49 CFR 211.3, FRA the agencies also are proposing to
U.S. Department of Transportation, 1200 solicits comments from the public to implement a limited number of
New Jersey Avenue SE., W12–140, better inform its decisions. DOT posts revisions that would align the report
Washington, DC 20590. these comments, without edit, including with recent burden-reducing changes to
• Hand Delivery: 1200 New Jersey any personal information the the FFIEC 031 and FFIEC 041
Avenue SE., W12–140, Washington, DC commenter provides, to Consolidated Reports of Condition and
20590, between 9 a.m. and 5 p.m., www.regulations.gov, as described in Income and the Board’s FR Y–9C
Monday through Friday, except Federal the system of records notice (DOT/ALL– Consolidated Financial Statements for
Holidays. 14 FDMS), which can be reviewed at Holding Companies. In addition, the
FOR FURTHER INFORMATION CONTACT: Dr. https://www.transportation.gov/privacy. agencies are proposing to have
Mark Hartong, Senior Scientific See https://www.regulations.gov/ institutions provide their Legal Entity
Technical Advisor, at (202) 493–1332 or privacyNotice for the privacy notice of Identifier (LEI) on the report form, if
Mark.Hartong@dot.gov; or Mr. David regulations.gov. they already have one. The proposed
Blackmore, Staff Director, Positive Train FFIEC 016 reporting requirements
Robert C. Lauby,
Control Division, at (312) 835–3903 or reflect the company-run stress testing
Associate Administrator for Railroad Safety,
David.Blackmore@dot.gov. requirements promulgated by the Dodd-
Chief Safety Officer.
Frank Wall Street Reform and Consumer
SUPPLEMENTARY INFORMATION: In its [FR Doc. 2017–21618 Filed 10–5–17; 8:45 am]
Protection Act (as reflected in the
PTCSP, NCTD asserts that the I-ETMS BILLING CODE 4910–06–P
agencies’ current information
system it is implementing is designed as collections).
a vital overlay PTC system as defined in The Board, in connection with this
49 CFR 236.1015(e)(2). The PTCSP DEPARTMENT OF THE TREASURY proposal and conditioned on the final
describes NCTD’s I-ETMS adoption of the FFIEC 016, is proposing
implementation and the associated I- Office of the Comptroller of the to replace the FR Y–16 (Annual
ETMS safety processes, safety analyses, Currency Company-Run Stress Test Report For
and test, validation, and verification State Member Banks, Bank Holding
processes used during the development FEDERAL RESERVE SYSTEM Companies, and Savings and Loan
of I–ETMS. The PTCSP also contains Holding Companies with Total
NCTD’s operational and support FEDERAL DEPOSIT INSURANCE Consolidated Assets Greater Than $10
requirements and procedures. CORPORATION Billion and Less Than $50 Billion),
NCTD’s PTCSP and the accompanying which it currently uses to collect the
request for approval and system Proposed Agency Information
annual company-run stress test results.
certification are available for review Collection Activities: Comment
Also in connection with the final
online at www.regulations.gov (Docket Request
adoption of the FFIEC 016, the OCC and
Number FRA–2010–0049) and in person AGENCY: Office of the Comptroller of the the FDIC are proposing to replace the
at DOT’s Docket Operations Facility, Currency (OCC), Treasury; Board of OCC’s DFAST 10–50B (Annual
1200 New Jersey Avenue SE., W12–140, Governors of the Federal Reserve Company-Run Stress Test Reporting
Washington, DC 20590. The Docket System (Board); and Federal Deposit Template and Documentation for
Operations Facility is open from 9 a.m. Insurance Corporation (FDIC). Covered Institutions with Total
to 5 p.m., Monday through Friday, ACTION: Joint notice and request for Consolidated Assets of $10 Billion to
except Federal Holidays. comment. $50 Billion under the Dodd-Frank Wall
Interested parties are invited to Street Reform and Consumer Protection
comment on the PTCSP by submitting SUMMARY: In accordance with the Act), and the FDIC’s DFAST 10–50
written comments or data. During its requirements of the Paperwork (Company-Run Annual Stress Test
review of the PTCSP, FRA will consider Reduction Act (PRA) of 1995, the OCC, Reporting Template and Documentation
any comments or data submitted. the Board, and the FDIC (the agencies) for Covered Institutions with Total
However, FRA may elect not to respond may not conduct or sponsor, and the Consolidated Assets of $10 Billion to
to any particular comment and, under respondent is not required to respond $50 Billion under the Dodd-Frank Wall
49 CFR 236.1009(d)(3), FRA maintains to, an information collection unless it Street Reform and Consumer Protection
the authority to approve or disapprove displays a currently valid Office of Act), respectively, with the FFIEC 016.
the PTCSP at its sole discretion. FRA Management and Budget (OMB) control The respondents for the proposed
does not anticipate scheduling a public number. The agencies, under the FFIEC 016 are institutions with average
hearing regarding NCTD’s PTCSP auspices of the Federal Financial total consolidated assets of at least $10
because the circumstances do not Institutions Examination Council billion, but less than $50 billion. The
appear to warrant a hearing. If any (FFIEC), have approved the publication proposed FFIEC 016 would take effect
interested party desires an opportunity for public comment of the proposed for the December 31, 2017, as-of date of
asabaliauskas on DSKBBXCHB2PROD with NOTICES
for oral comment, the party should Annual Dodd-Frank Act Company-Run the stress test report. The submission
notify FRA in writing before the end of Stress Test Report for Depository deadline for the report would be the
the comment period and specify the Institutions and Holding Companies following July 31.
basis for his or her request. with $10–$50 Billion in Total At the end of the comment period for
Consolidated Assets (FFIEC 016). This this notice, the comments and
Privacy Act Notice proposed report would combine the recommendations received will be
Anyone can search the electronic agencies’ three separate, yet identical, reviewed to determine whether the
form of any written communications stress test report forms (as described in FFIEC and the agencies should modify
and comments received into any of our the SUPPLEMENTARY INFORMATION), which the proposal for the FFIEC 016 report
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![46890 Federal Register / Vol. 82, No. 193 / Friday, October 6, 2017 / Notices
recognized in earnings’’ as defined in directed the Financial Stability Board with $10 to $50 billion in assets
FFIEC 031 and FFIEC 041 Schedule RI, (FSB) to lead the coordination of currently reporting annual Dodd-Frank
Memorandum item 14, and FR Y–9C international regulatory work and Act stress-testing information. The
Schedule HI, Memorandum item 17. deliver concrete recommendations on change also would ensure that future
(2) On the FFIEC 031 and FFIEC 041 the GLEIS by mid-2012, which in turn collections of this information remain
Schedule RC–E, Part I, Memorandum were endorsed by the G–20 later that uniform across the agencies.
items 1.c.(1), ‘‘Brokered deposits of less same year. In January 2013, the LEI The proposed FFIEC 016 report form
than $100,000,’’ and 1.c.(2), ‘‘Brokered Regulatory Oversight Committee (ROC), would take effect as of December 31,
deposits of $100,000 through $250,000 including participation by regulators 2017. The first annual filing deadline for
and certain brokered retirement deposit from around the world, was established the FFIEC 016 report form would be July
accounts,’’ were combined into a single to oversee the GLEIS on an interim 31, 2018.
item, Memorandum item 1.c, ‘‘Brokered basis. With the establishment of the full
deposits of $250,000 or less (fully II. Request for Comment
Global LEI Foundation in 2014, the ROC
insured brokered deposits).’’ The continues to review and develop broad Public comment is requested on all
agencies propose for the new FFIEC 016 policy standards for LEIs. The OCC, the aspects of this joint notice. Comments
report form and instructions to align its Board, and the FDIC are all members of are invited on:
Balance Sheet line items 32 and 33 for the ROC. (a) Whether the collections of
retail and wholesale funding The LEI system is designed to information that are the subject of this
calculations, respectively, with the facilitate several financial stability notice are necessary for the proper
updated FFIEC 031 and FFIEC 041 objectives, including the provision of performance of the agencies’ functions,
Schedule RC–E, Part I, Memorandum higher quality and more accurate including whether the information has
item 1.c, ‘‘Brokered deposits of $250,000 financial data. In the United States, the practical utility;
or less (fully insured brokered Financial Stability Oversight Council (b) The accuracy of the agencies’
deposits).’’ (FSOC) has recommended that estimates of the burden of the
(3) On Schedule RC–M of the FFIEC regulators and market participants information collections as they are
031 and FFIEC 041, items for the continue to work together to improve proposed to be revised, including the
amount of loans covered by FDIC loss- the quality and comprehensiveness of validity of the methodology and
sharing agreements in the following financial data both nationally and assumptions used;
loan categories were removed and (c) Ways to enhance the quality,
globally. In this regard, the FSOC also
combined with existing Schedule RC– utility, and clarity of the information to
has recommended that its member
M, item 13.a.(5), ‘‘All other loans and all be collected;
agencies promote the use of the LEI in (d) Ways to minimize the burden of
leases’’ covered by such agreements: reporting requirements and
Item 13.a.(2), ‘‘Loans to finance information collections on respondents,
rulemakings, where appropriate.4 including through the use of automated
agricultural production and other loans
With respect to the FFIEC 016, the collection techniques or other forms of
to farmers’’; item 13.a.(3), ‘‘Commercial
agencies are proposing to have reporting information technology; and
and industrial loans’’; item 13.a.(4)(a),
institutions provide their LEI on the (e) Estimates of capital or start-up
‘‘Credit cards’’; item 13.a.(4)(b),
cover page of this new report once it is costs and costs of operation,
‘‘Automobile loans’’; and item
implemented, if a reporting institution maintenance, and purchase of services
13.a.(4)(c), ‘‘Other (includes revolving
has an LEI. A reporting institution that to provide the information.
credit plans other than credit cards, and
does not have an LEI would not be Comments submitted in response to
other consumer loans).’’ In order to keep
required to obtain one for purposes of the joint notice will be shared among
the data collection uniform and
comparable across types of reporting reporting it on the FFIEC 016. the agencies. All comments will become
institutions, the agencies propose for the The uniform FFIEC 016 report would a matter of public record.
new FFIEC 016 report form and be collected through the application
Dated: October 2, 2017.
instructions to discontinue the currently used to collect the agencies’
separate stress test reporting forms, the Karen Solomon,
deduction of loans covered by FDIC Deputy Chief Counsel, Office of the
loss-sharing agreements from each of the Federal Reserve’s Reporting Central
Comptroller of the Currency.
loan categories collected in Balance application. The agencies believe that
developing a uniform report under the Board of Governors of the Federal Reserve
Sheet line items 1 through 13. In System, September 29, 2017.
addition, in the proposed new FFIEC FFIEC reporting structure will promote
uniform standards and reporting across Ann E. Misback,
016 report form, existing Balance Sheet Secretary of the Board.
line item 14, ‘‘Loans covered by FDIC the agencies, which is consistent with
the function of the FFIEC.5 The Dated at Washington, DC, this 27th day of
loss-sharing agreements,’’ will be September 2017.
retained. proposed FFIEC 016 information
collection would satisfy each agency’s Federal Deposit Insurance Corporation.
In addition, the agencies are
company-run stress-testing Robert E. Feldman,
proposing to have reporting institutions
provide their LEI on the FFIEC 016 requirements, while ensuring Executive Secretary.
report form, if they have one. The LEI consistency and comparability of the [FR Doc. 2017–21571 Filed 10–5–17; 8:45 am]
is a 20-digit alpha-numeric code that stress-testing information across BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P
institutions. The change from three
asabaliauskas on DSKBBXCHB2PROD with NOTICES
uniquely identifies entities that engage
in financial transactions. The recent separate agency-specific reports to an
financial crisis spurred the development interagency FFIEC report is expected to DEPARTMENT OF THE TREASURY
of a Global LEI System (GLEIS). be a seamless change for institutions
Departmental Offices; Interest Rate
Internationally, regulators and market
4 Financial Stability Oversight Council 2015 Paid on Cash Deposited To Secure
participants have recognized the
Annual Report, page 14, http://www.treasury.gov/ U.S. Immigration and Customs
importance of the LEI as a key initiatives/fsoc/studies-reports/Documents/ Enforcement Immigration Bonds
improvement in financial data systems. 2015%20FSOC%20Annual%20Report.pdf.
The Group of Twenty (G–20) nations 5 See 12 U.S.C. 3305(c). AGENCY: Departmental Offices, Treasury.
VerDate Sep<11>2014 18:40 Oct 05, 2017 Jkt 244001 PO 00000 Frm 00138 Fmt 4703 Sfmt 4703 E:\FR\FM\06OCN1.SGM 06OCN1](https://thefederalregister.org/doc/82_FR_47080/page/4.svg)
Document Created: 2017-10-06 00:08:47
Document Modified: 2017-10-06 00:08:47
| 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 | Joint notice and request for comment. | |
| Dates | Comments must be submitted on or before December 5, 2017. | |
| Contact | For further information about the proposed FFIEC report discussed in this notice, please contact any of the agency staff whose names appear below. In addition, a copy of the proposed FFIEC 016 reporting form is available on the FFIEC's Web site (http://www.ffiec.gov/ffiec_report_forms.htm). | |
| FR Citation | 82 FR 46887 |
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