83 FR 54805 - 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 $100 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 83, Issue 211 (October 31, 2018)
Office of the Comptroller of the Currency
Federal Register Volume 83, Issue 211 (October 31, 2018)
| Page Range | 54805-54806 | |
| FR Document | 2018-23805 |
[Federal Register Volume 83, Number 211 (Wednesday, October 31, 2018)] [Notices] [Pages 54805-54806] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-23805] ======================================================================= ----------------------------------------------------------------------- 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 $100 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. ----------------------------------------------------------------------- SUMMARY: The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to take this opportunity to comment on a continuing information collection as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC 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 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 $100 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act.'' DATES: Comments must be received by December 31, 2018. ADDRESSES: Commenters are encouraged to submit comments by email, if possible. You may submit comments by any of the following methods:Email: prainfo@occ.treas.gov. Mail: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: 1557-0319, 400 7th Street SW, suite 3E-218, Washington, DC 20219. Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, Washington, DC 20219. Fax: (571) 465-4326. Instructions: You must include ``OCC'' as the agency name and ``1557-0319'' in your comment. In general, the OCC will publish your comment on www.reginfo.gov without change, including any business or personal information that you provide, such as name and address information, email addresses, or phone numbers. 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. You may review comments and other related materials that pertain to this information collection beginning on the date of publication of the second notice for this collection \1\ by any of the following methods: --------------------------------------------------------------------------- \1\ Following the close of the 60-Day comment period for this notice, the OCC will publish a notice for 30 days of comment for this collection. --------------------------------------------------------------------------- Viewing Comments Electronically: Go to www.reginfo.gov. Click on the ``Information Collection Review'' tab. Underneath the ``Currently under Review'' section heading, from the drop-down menu, select ``Department of Treasury'' and then click ``submit.'' This information collection can be located by searching by OMB control number ``1557-0319'' or ``Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of $100 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act.'' Upon finding the appropriate information collection, click on the related ``ICR Reference Number.'' On the next screen, select ``View Supporting Statement and Other Documents'' and then click on the link to any comment listed at the bottom of the screen. For assistance in navigating www.reginfo.gov, please contact the Regulatory Information Service Center at (202) 482-7340. Viewing Comments Personally: You may personally inspect comments at the OCC, 400 7th Street SW, Washington, DC. 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 hearing impaired, 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 comments. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance Officer, (202) 649-5490 or, for persons who are deaf or hearing impaired, TTY, (202) 649-5597, Chief Counsel's Office, Office of the Comptroller of the Currency, 400 7 St. SW, Washington, DC 20219. In addition, copies of the templates referenced in this notice can be found on the OCC's website 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 $100 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 \2\ (Dodd-Frank Act) requires certain financial companies, including national banks and federal savings associations, to conduct annual stress tests \3\ and requires the primary financial regulatory agency \4\ of those financial companies to issue regulations implementing the stress test requirements.\5\ 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.\6\ --------------------------------------------------------------------------- \2\ Public Law 111-203, 124 Stat. 1376, July 2010. \3\ 12 U.S.C. 5365(i)(2)(A). \4\ 12 U.S.C. 5301(12). \5\ 12 U.S.C. 5365(i)(2)(C). \6\ 12 U.S.C. 5365(i)(2)(B). --------------------------------------------------------------------------- On October 9, 2012, the OCC published in the Federal Register a final [[Page 54806]] rule implementing the section 165(i)(2) annual stress test requirement.\7\ 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 (5 U.S.C. 552(b)(4)) to the extent permitted by law. --------------------------------------------------------------------------- \7\ 77 FR 61238 (October 9, 2012) (codified at 12 CFR part 46). --------------------------------------------------------------------------- On May 24, 2018, the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) amended provisions in the Dodd-Frank Act and provided that, eighteen months after EGRRCPA's enactment, financial companies with total consolidated assets of less than $250 billion that are not bank holding companies will no longer be subject to the company-run stress testing requirements in section 165(i)(2) of the Dodd-Frank Act. In contrast, on EGRRCPA's date of enactment, bank holding companies under $100 billion in total consolidated assets were no longer subject to section 165(i)(2). In order to avoid unnecessary burden for depository institutions and to maintain consistency between bank holding companies and depository institutions, the OCC, Board, and Federal Deposit Insurance Corporation extended the deadlines for all regulatory requirements related to company-run stress testing for depository institutions with average total consolidated assets of less than $100 billion until November 25, 2019 (at which time both statutory exemptions will be in effect). The OCC, in coordination with the Board and Federal Deposit Insurance Corporation, is in the process of revising its stress testing regulation to incorporate EGRRPCA's amendments. 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 $100 billion or more are required to submit reports using Comprehensive Capital Analysis and Review (CCAR) reporting form FR Y-14A.\8\ 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.\9\ 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 $100 billion or more. The proposed changes include changes to accommodate the revised asset threshold necessitated by EGRRCPA. The proposed changes also include the removal of the Retail Repurchase worksheet and various clarifications in the instructions. In addition to the changes that parallel the Board's proposed changes to the FR Y-14A, the OCC is also proposing to remove or modify certain items on the OCC supplemental schedule, which collects additional information not included in the FR Y-14A. --------------------------------------------------------------------------- \8\ http://www.federalreserve.gov/reportforms. \9\ 83 FR 39093 (August 8, 2018). --------------------------------------------------------------------------- Type of Review: Revision. Affected Public: Businesses or other for-profit. Estimated Number of Respondents: 23. 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: October 25, 2018. Theodore J. Dowd, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2018-23805 Filed 10-30-18; 8:45 am] BILLING CODE 4810-33-P
![Federal Register / Vol. 83, No. 211 / Wednesday, October 31, 2018 / Notices 54805
12. Migratory Bird Treaty Act; DATES: Comments must be received by Regulatory Information Service Center
13. National Historic Preservation Act December 31, 2018. at (202) 482–7340.
of 1966, as amended; ADDRESSES: Commenters are encouraged • Viewing Comments Personally: You
14. Historic Sites Act of 1935; to submit comments by email, if may personally inspect comments at the
15. Executive Order 13112, Invasive OCC, 400 7th Street SW, Washington,
possible. You may submit comments by
Species; and DC. For security reasons, the OCC
16. Title VI of the Civil Rights Act of any of the following methods:
• Email: prainfo@occ.treas.gov. requires that visitors make an
1964. appointment to inspect comments. You
• Mail: Legislative and Regulatory
(Catalog of Federal Domestic Assistance may do so by calling (202) 649–6700 or,
Activities Division, Office of the
Program Number 20.205, Highway Planning for persons who are deaf or hearing
and Construction. The regulations
Comptroller of the Currency, Attention:
impaired, TTY, (202) 649–5597. Upon
implementing Executive Order 12372 1557–0319, 400 7th Street SW, suite 3E–
arrival, visitors will be required to
regarding intergovernmental consultation on 218, Washington, DC 20219.
present valid government-issued photo
Federal programs and activities apply to this • Hand Delivery/Courier: 400 7th identification and submit to security
program.) Street SW, Suite 3E–218, Washington, screening in order to inspect comments.
DC 20219.
Authority: 23 U.S.C. § 139(l)(1). FOR FURTHER INFORMATION CONTACT:
• Fax: (571) 465–4326.
Shaquita Merritt, OCC Clearance
Tashia J. Clemons, Instructions: You must include
Officer, (202) 649–5490 or, for persons
Director, Planning and Environment, Federal ‘‘OCC’’ as the agency name and ‘‘1557–
who are deaf or hearing impaired, TTY,
Highway Administration, Sacramento, 0319’’ in your comment. In general, the
California.
(202) 649–5597, Chief Counsel’s Office,
OCC will publish your comment on
Office of the Comptroller of the
[FR Doc. 2018–23819 Filed 10–30–18; 8:45 am] www.reginfo.gov without change, Currency, 400 7 St. SW, Washington, DC
BILLING CODE 4910–RY–P including any business or personal 20219. In addition, copies of the
information that you provide, such as templates referenced in this notice can
name and address information, email be found on the OCC’s website under
DEPARTMENT OF THE TREASURY addresses, or phone numbers. News and Issuances (http://
Comments received, including www.occ.treas.gov/tools-forms/forms/
Office of the Comptroller of the attachments and other supporting bank-operations/stress-test-
Currency materials, are part of the public record reporting.html).
and subject to public disclosure. Do not
Agency Information Collection include any information in your SUPPLEMENTARY INFORMATION: The OCC
Activities: Revision of an Approved comment or supporting materials that is requesting comment on the following
Information Collection; Comment you consider confidential or revision to an approved information
Request; Company-Run Annual Stress inappropriate for public disclosure. collection:
Test Reporting Template and You may review comments and other Title: Company-Run Annual Stress
Documentation for Covered Test Reporting Template and
related materials that pertain to this
Institutions With Total Consolidated Documentation for Covered Institutions
information collection beginning on the
Assets of $100 Billion or More Under with Total Consolidated Assets of $100
date of publication of the second notice
the Dodd-Frank Wall Street Reform and Billion or More under the Dodd-Frank
for this collection 1 by any of the
Consumer Protection Act Wall Street Reform and Consumer
following methods:
Protection Act.
AGENCY: Office of the Comptroller of the • Viewing Comments Electronically: OMB Control No.: 1557–0319.
Currency, Treasury (OCC). Go to www.reginfo.gov. Click on the Description: Section 165(i)(2) of the
ACTION: Notice and request for comment. ‘‘Information Collection Review’’ tab. Dodd-Frank Wall Street Reform and
Underneath the ‘‘Currently under Consumer Protection Act 2 (Dodd-Frank
SUMMARY: The OCC, as part of its Review’’ section heading, from the drop- Act) requires certain financial
continuing effort to reduce paperwork down menu, select ‘‘Department of companies, including national banks
and respondent burden, invites the Treasury’’ and then click ‘‘submit.’’ This and federal savings associations, to
general public and other federal information collection can be located by conduct annual stress tests 3 and
agencies to take this opportunity to searching by OMB control number requires the primary financial regulatory
comment on a continuing information ‘‘1557–0319’’ or ‘‘Company-Run Annual agency 4 of those financial companies to
collection as required by the Paperwork Stress Test Reporting Template and issue regulations implementing the
Reduction Act of 1995 (PRA). Documentation for Covered Institutions stress test requirements.5 Under section
In accordance with the requirements with Total Consolidated Assets of $100 165(i)(2), a covered institution is
of the PRA, the OCC may not conduct Billion or More under the Dodd-Frank required to submit to the Board of
or sponsor, and the respondent is not Wall Street Reform and Consumer Governors of the Federal Reserve
required to respond to, an information Protection Act.’’ Upon finding the System (Board) and to its primary
collection unless it displays a currently appropriate information collection, click financial regulatory agency a report at
valid Office of Management and Budget on the related ‘‘ICR Reference Number.’’ such time, in such form, and containing
(OMB) control number. On the next screen, select ‘‘View such information as the primary
The OCC is soliciting comment Supporting Statement and Other financial regulatory agency may
concerning a revision to a regulatory Documents’’ and then click on the link require.6
reporting requirement for national banks to any comment listed at the bottom of
amozie on DSK3GDR082PROD with NOTICES1
On October 9, 2012, the OCC
and federal savings associations titled, the screen. published in the Federal Register a final
‘‘Company-Run Annual Stress Test • For assistance in navigating
Reporting Template and Documentation www.reginfo.gov, please contact the 2 Public Law 111–203, 124 Stat. 1376, July 2010.
for Covered Institutions with Total 3 12 U.S.C. 5365(i)(2)(A).
Consolidated Assets of $100 Billion or 1 Following the close of the 60-Day comment 4 12 U.S.C. 5301(12).
More under the Dodd-Frank Wall Street period for this notice, the OCC will publish a notice 5 12 U.S.C. 5365(i)(2)(C).
Reform and Consumer Protection Act.’’ for 30 days of comment for this collection. 6 12 U.S.C. 5365(i)(2)(B).
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![54806 Federal Register / Vol. 83, No. 211 / Wednesday, October 31, 2018 / Notices
rule implementing the section 165(i)(2) assessments of capital adequacy and techniques or other forms of information
annual stress test requirement.7 This overall capital planning. technology; and
rule describes the reports and The OCC recognizes that many (e) Estimates of capital or start-up
information collections required to meet covered institutions with total costs and costs of operation,
the reporting requirements under consolidated assets of $100 billion or maintenance, and purchase of services
section 165(i)(2). These information more are required to submit reports to provide information.
collections will be given confidential using Comprehensive Capital Analysis Dated: October 25, 2018.
treatment (5 U.S.C. 552(b)(4)) to the and Review (CCAR) reporting form FR Theodore J. Dowd,
extent permitted by law. Y–14A.8 The OCC also recognizes the
Deputy Chief Counsel, Office of the
On May 24, 2018, the Economic Board has proposed to modify the FR Y– Comptroller of the Currency.
Growth, Regulatory Relief, and 14A and, to the extent practical, the
[FR Doc. 2018–23805 Filed 10–30–18; 8:45 am]
Consumer Protection Act (EGRRCPA) OCC will keep its reporting
BILLING CODE 4810–33–P
amended provisions in the Dodd-Frank requirements consistent with the
Act and provided that, eighteen months Board’s FR Y–14A in order to minimize
after EGRRCPA’s enactment, financial burden on covered institutions.9 DEPARTMENT OF THE TREASURY
companies with total consolidated Therefore, the OCC is proposing to
assets of less than $250 billion that are revise its reporting requirements to Bureau of the Fiscal Service
not bank holding companies will no mirror the Board’s proposed FR Y–14A
longer be subject to the company-run for covered institutions with total Proposed Collection of Information:
stress testing requirements in section consolidated assets of $100 billion or Claims Against the United States for
165(i)(2) of the Dodd-Frank Act. In more. The proposed changes include Amounts Due in the Case of a
contrast, on EGRRCPA’s date of changes to accommodate the revised Deceased Creditor
enactment, bank holding companies asset threshold necessitated by
under $100 billion in total consolidated EGRRCPA. The proposed changes also Notice and request for
ACTION:
assets were no longer subject to section include the removal of the Retail comments.
165(i)(2). In order to avoid unnecessary Repurchase worksheet and various SUMMARY: The Department of the
burden for depository institutions and clarifications in the instructions. In Treasury, as part of its continuing effort
to maintain consistency between bank addition to the changes that parallel the to reduce paperwork and respondent
holding companies and depository Board’s proposed changes to the FR Y– burden, invites the general public and
institutions, the OCC, Board, and 14A, the OCC is also proposing to other Federal agencies to take this
Federal Deposit Insurance Corporation remove or modify certain items on the opportunity to comment on proposed
extended the deadlines for all regulatory OCC supplemental schedule, which and/or continuing information
requirements related to company-run collects additional information not collections, as required by the
stress testing for depository institutions included in the FR Y–14A. Paperwork Reduction Act of 1995.
with average total consolidated assets of Type of Review: Revision.
Currently the Bureau of the Fiscal
less than $100 billion until November Affected Public: Businesses or other
Service within the Department of the
25, 2019 (at which time both statutory for-profit.
Estimated Number of Respondents: Treasury is soliciting comments
exemptions will be in effect). The OCC, concerning Claims Against the United
in coordination with the Board and 23.
Estimated Total Annual Burden: States for Amounts Due in the Case of
Federal Deposit Insurance Corporation, a Deceased Creditor.
is in the process of revising its stress 16,466 hours.
The OCC believes that the systems DATES: Written comments should be
testing regulation to incorporate received on or before December 31, 2018
covered institutions use to prepare the
EGRRPCA’s amendments. to be assured of consideration.
FR Y–14 reporting templates to submit
In 2012, the OCC first implemented to the Board will also be used to prepare ADDRESSES: Direct all written comments
the reporting templates referenced in the reporting templates described in this and requests for additional information
the final rule. See 77 FR 49485 (August notice. Comments submitted in to Bureau of the Fiscal Service, Bruce A.
16, 2012) and 77 FR 66663 (November response to this notice will be Sharp, Room #4006–A, P.O. Box 1328,
6, 2012). The OCC is now revising them summarized and included in the request Parkersburg, WV 26106–1328, or
as described below. for OMB approval. All comments will bruce.sharp@fiscal.treasury.gov.
The OCC intends to use the data become a matter of public record. SUPPLEMENTARY INFORMATION:
collected to assess the reasonableness of Comments are invited on: Title: Claims Against the United
the stress test results of covered (a) Whether the collection of States for Amounts Due in the Case of
institutions and to provide forward- information is necessary for the proper a Deceased Creditor.
looking information to the OCC performance of the functions of the OMB Number: 1530–0004.
regarding a covered institution’s capital OCC, including whether the information Form Number: SF–1055.
adequacy. The OCC also may use the has practical utility; Abstract: The information is required
results of the stress tests to determine (b) The accuracy of the OCC’s to determine who is entitled to funds of
whether additional analytical estimate of the burden of the collection a deceased Postal Savings depositor or
techniques and exercises could be of information; deceased award holder. The form
appropriate to identify, measure, and (c) Ways to enhance the quality, properly completed with supporting
monitor risks at the covered institution. utility, and clarity of the information to documents enables the Judgement Fund
amozie on DSK3GDR082PROD with NOTICES1
The stress test results are expected to be collected; Branch to decide who is legally entitled
support ongoing improvement in a (d) Ways to minimize the burden of to payment.
covered institution’s stress testing the collection on respondents, including Current Actions: Extension of a
practices with respect to its internal through the use of automated collection currently approved collection.
Type of Review: Regular.
7 77 FR 61238 (October 9, 2012) (codified at 12 8 http://www.federalreserve.gov/reportforms. Affected Public: Business or other for-
CFR part 46). 9 83 FR 39093 (August 8, 2018). profit.
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Document Created: 2018-10-31 00:32:35
Document Modified: 2018-10-31 00:32:35
| 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 December 31, 2018. | |
| Contact | Shaquita Merritt, OCC Clearance Officer, (202) 649-5490 or, for persons who are deaf or hearing impaired, TTY, (202) 649-5597, Chief Counsel's Office, Office of the Comptroller of the Currency, 400 7 St. SW, Washington, DC 20219. In addition, copies of the templates referenced in this notice can be found on the OCC's website under News and Issuances (http:// www.occ.treas.gov/tools-forms/forms/bank-operations/stress-test- reporting.html). | |
| FR Citation | 83 FR 54805 |
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