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[Federal Register Volume 86, Number 17 (Thursday, January 28, 2021)]
[Notices]
[Pages 7456-7457]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-01883]

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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

Agency Information Collection Activities: Revision of an Approved 
Information Collection; Comment Request; Company-Run Annual Stress Test 
Reporting Template and Documentation for Covered Institutions With 
Total Consolidated Assets of $250 Billion or More Under the Dodd-Frank 
Wall Street Reform and Consumer Protection Act

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

ACTION: Notice and request for comment.

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SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other federal 
agencies to 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 $250 Billion 
or More under the Dodd-Frank Wall Street Reform and Consumer Protection 
Act.''

DATES: Comments must be received by March 29, 2021.

ADDRESSES: Commenters are encouraged to submit comments by email, if 
possible. You may submit comments by any of the following methods:
     Email: [email protected].
     Mail: Chief Counsel's Office, Attention: Comment 
Processing, 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 
comments on www.reginfo.gov without change, including any business or 
personal information provided, 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 the following method:
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    \1\ Following the close of this notice's 60-day comment period, 
the OCC will publish a second notice with a 30-day comment period.
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     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 $250 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.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance 
Officer, (202) 649-5490, Chief Counsel's Office, Office of the 
Comptroller of the Currency, 400 7 St. SW, Washington, DC

[[Page 7457]]

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 $250 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\
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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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    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 uses 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 $250 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 and implemented modifications to 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 FR Y-14A for covered 
institutions with total consolidated assets of $250 billion or more.
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    \8\ http://www.federalreserve.gov/reportforms.
    \9\ 85 FR 56607 (Sept. 14, 2020); 85 FR 63222 (Oct. 7, 2020).
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    The OCC's proposed changes include updates to various schedules to 
reflect the adoption of the tailoring framework used to determine the 
applicability of regulatory capital requirements to large U.S. banking 
organizations.\10\ Other changes include removing the worksheet for 
reporting advanced approaches risk-weighted assets and the worksheet 
for reporting pre-provision net revenue (PPNR) metrics. as well as 
technical changes to various individual data items. The proposed 
changes to the OCC's reporting templates do not include data items in 
the FR Y-14A associated with several capital buffers related ratios, 
such as the Board's stress capital buffer requirement adopted in 
2020.\11\ The proposal would remove the OCC Supplemental Schedule, 
which collects information not collected by the FR Y-14A.
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    \10\ 84 FR 59232 (Nov. 1, 2019).
    \11\ 85 FR 15576 (March 18, 2020).
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    Type of Review: Revision.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 8.
    Estimated Total Annual Burden: 4,212 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.

Bao Nguyen,
Principal Deputy Chief Counsel, Office of the Comptroller of the 
Currency.
[FR Doc. 2021-01883 Filed 1-27-21; 8:45 am]
BILLING CODE 4810-33-P
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