[Federal Register Volume 84, Number 21 (Thursday, January 31, 2019)]
[Notices]
[Pages 881-882]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-00418]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Revision of an Approved 
Information Collection; Submission for OMB Review; Company-Run Annual 
Stress Test Reporting Template and Documentation for Covered 
Institutions Under the Dodd-Frank Wall Street Reform and Consumer 
Protection Act

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other federal 
agencies to 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 under the Dodd-Frank Wall 
Street Reform and Consumer Protection Act.'' The OCC also is giving 
notice that it has sent the collection to OMB for review.

DATES: Comments must be received by March 4, 2019.

ADDRESSES: Commenters are encouraged to submit comments by email, if 
possible. You may submit comments by any of the following methods:
    <bullet> Email: <a href="/cdn-cgi/l/email-protection#1c6c6e7d75727a735c737f7f32686e797d6f327b736a"><span class="__cf_email__" data-cfemail="146466757d7a727b547b77773a60667175673a737b62">[email protected]</span></a>.
    <bullet> 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.
    <bullet> Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, 
Washington, DC 20219.
    <bullet> 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.
    Additionally, please send a copy of your comments by mail to: OCC 
Desk Officer, 1557-0319, U.S. Office of Management and Budget, 725 17th 
Street NW, #10235, Washington, DC 20503 or by email to 
<a href="/cdn-cgi/l/email-protection#204f4952417f5355424d495353494f4e604f4d420e454f500e474f56"><span class="__cf_email__" data-cfemail="7c13150e1d230f091e11150f0f1513123c13111e5219130c521b130a">[email protected]</span></a>.
    You may review comments and other related materials that pertain to 
this information collection \1\ following the close of the 30-Day 
comment period for this notice by any of the following methods:
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    \1\ On October 31, 2018, 83 FR 54805, the OCC published a 60-day 
notice for this information collection.
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    <bullet> 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.
    <bullet> For assistance in navigating www.reginfo.gov, please 
contact the Regulatory Information Service Center at (202) 482-7340.
    <bullet> 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, 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 7th Street SW, Suite 3E-218, 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 Under the Dodd-Frank Wall Street 
Reform and Consumer Protection Act.
    OMB Control No.: 1557-0319.
    Type of Review: Revision.
    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

[[Page 882]]

financial regulatory agency may require.\6\
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    \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).
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    On October 9, 2012, the OCC published in the Federal Register a 
final 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.
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    \7\ 77 FR 61238 (October 9, 2012) (codified at 12 CFR part 46).
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    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 addition, 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 section 165(i)(2) 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).\8\ 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.
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    \8\ https://www.occ.gov/news-issuances/news-releases/2018/nr-ia-2018-69a.pdf.
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    In 2012, the OCC first implemented the reporting templates 
referenced in the final rule. See 77 FR 49485 (August 16, 2012) and 77 
FR 66663 (November 6, 2012). The OCC is now revising them as described 
below.
    The OCC intends to use the data collected to assess the 
reasonableness of the stress test results of covered institutions and 
to provide forward-looking information to the OCC regarding a covered 
institution's capital adequacy. The OCC also may use the results of the 
stress tests to determine whether additional analytical techniques and 
exercises could be appropriate to identify, measure, and monitor risks 
at the covered institution. The stress test results are expected to 
support ongoing improvement in a covered institution's stress testing 
practices with respect to its internal assessments of capital adequacy 
and overall capital planning.
    The OCC recognizes that many covered institutions are required to 
submit reports using Comprehensive Capital Analysis and Review (CCAR) 
reporting form FR Y-14A.\9\ The OCC also recognizes the Board has 
modified the FR Y-14A and, to the extent practical, the OCC has kept 
its reporting requirements consistent with the Board's FR Y-14A in 
order to minimize burden on covered institutions.\10\ Therefore, the 
OCC is revising its reporting requirements to mirror the Board's 
proposed FR Y-14A for covered institutions. The changes include changes 
to accommodate the revised asset threshold necessitated by EGRRCPA. The 
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 changes to the FR Y-14A, the OCC is also 
removing or modifying certain items on the OCC Supplemental Schedule, 
which collects additional information not included in the FR Y-14A.
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    \9\ http://www.federalreserve.gov/reportforms.
    \10\ 83 FR 58771 (November 21, 2018).
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    The OCC received one comment on the proposed revisions. The 
commenter requested clarification about an item on the OCC Supplemental 
Schedule. The information referenced by the commenter will not be 
collected in the revised Supplemental Schedule.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 8.
    Estimated Total Annual Burden: 4,292 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. All comments will become a matter of public record. Comments 
continue to be 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: January 25, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2019-00418 Filed 1-30-19; 8:45 am]
 BILLING CODE 4810-33-P


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