```

[Federal Register Volume 90, Number 23 (Wednesday, February 5, 2025)]
[Notices]
[Pages 9055-9057]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-02222]

=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

Agency Information Collection Activities: Information Collection 
Renewal; Submission for OMB Review; 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 (OCC), Treasury.

ACTION: Notice and request for comment.

-----------------------------------------------------------------------

SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites 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 its information collection 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.'' The OCC also is giving notice that it has sent the collection to 
OMB for review.

DATES: Comments must be received by March 7, 2025.

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) 293-4835.
    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.
    Written comments and recommendations for the proposed information 
collection should also be sent within 30 days of publication of this 
notice to www.reginfo.gov/public/do/PRAMain. You can find this 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
    You may review comments and other related materials that pertain to 
this information collection following the

[[Page 9056]]

close of the 30-day comment period for this notice by the method set 
forth in the next bullet.
     Viewing Comments Electronically: Go to www.reginfo.gov. 
Hover over the ``Information Collection Review'' tab and click on 
``Information Collection Review'' from the drop-down menu. From the 
``Currently under Review'' drop-down menu, select ``Department of 
Treasury'' and then click ``submit.'' This information collection can 
be located by searching 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, Clearance Officer, 
(202) 649-5490, Chief Counsel's Office, Office of the Comptroller of 
the Currency, 400 7th Street SW, Washington, DC 20219. If you are deaf, 
hard of hearing, or have a speech disability, please dial 7-1-1 to 
access telecommunications relay services.

SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501 et seq.), 
Federal agencies must obtain approval from the OMB for each collection 
of information that they conduct or sponsor. ``Collection of 
information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to 
include agency requests or requirements that members of the public 
submit reports, keep records, or provide information to a third party. 
The OCC asks the OMB to extend its approval of the collection in this 
notice.
    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.
    Type of Review: Revision.
    Affected Public: Businesses or other for-profit.
    Description: Section 165(i)(2) of the Dodd-Frank Wall Street Reform 
and Consumer Protection Act (Dodd-Frank Act) requires certain financial 
companies, including national banks and Federal savings associations, 
to conduct annual stress tests and requires the primary financial 
regulatory agency of those financial companies to issue regulations 
implementing the stress test requirements. 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.
    On October 9, 2012, the OCC published in the Federal Register a 
final rule implementing the section 165(i)(2) annual stress test 
requirement. This rule describes the reports and information 
collections required to meet the reporting requirements under section 
165(i)(2). These information collections will be treated as 
confidential to the extent permitted by law.
    In 2012, the OCC first implemented the reporting templates 
referenced in the final rule, and the OCC proposed changes to these 
templates on October 29, 2024.\1\ The OCC is now finalizing those 
proposed changes. 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.
---------------------------------------------------------------------------

    \1\ 89 FR 86079 (Oct. 29, 2024).
---------------------------------------------------------------------------

    The OCC recognizes that many covered institutions with total 
consolidated assets of $250 billion or more are required to submit 
reports using reporting form FR Y-14A. To the extent practical, the OCC 
will keep its reporting requirements consistent with the Board's FR Y-
14A to minimize burden on covered institutions.
    The OCC's changes include only limited updates, and the revised OCC 
reporting forms will substantially resemble the forms used by the OCC 
last year and the Board's reporting forms. The OCC's changes include 
removing the CECL Supplemental Schedule from the reporting 
instructions. The CECL Supplemental Schedule was a one-time schedule 
that reporting banks provided during the first submission cycle 
following their implementation of the ASU 2016-13 standards. This 
collection was implemented to identify the effect and timing of the 
adoption of CECL and the associated transition provisions as provided 
by section 301 of the regulatory capital rules. As all firms have now 
adopted ASU 2016-13, this supplemental collection is not needed on a 
go-forward basis for modeling or analytic purposes. The changes also 
include minor corrections and eliminate references to LIBOR, which is 
no longer a reference rate, in the reporting instructions.
    If the Board proposes additional changes to the FR Y-14A reporting 
forms after the publication of this notice, the OCC may make 
corresponding changes to the OCC's reporting forms to minimize 
inconsistencies and reduce burden. The OCC's proposed new reporting 
forms and instructions are available on the OCC's website at https://www.occ.treas.gov/publications-and-resources/forms/dodd-frank-act-stress-test/index-dodd-frank-act-stress-test.html.
    Estimated Burden:
    Estimated Frequency of Response: On occasion.
    Estimated Number of Respondents: 4 annually and 5 biennially.
    Estimated Total Annual Burden: 2,881.67 \2\ hours.
---------------------------------------------------------------------------

    \2\ The updated burden estimate reflects updates to the Board's 
burden estimates and one additional respondent. The burden of 
completing the OCC's reporting forms should be substantially covered 
by the burden of completing the Board's FR Y-14A reporting form (OMB 
No. 7100-0341) since the OCC's form is substantially similar to the 
Board's. The OCC estimates there will be only a limited marginal 
burden to complete the OCC's forms in addition to the FR Y-14A and 
accordingly estimates the marginal burden of completing the OCC 
reporting form as one-third of the Board's estimated burden to 
complete the FR Y-14A (1,330 hours).
---------------------------------------------------------------------------

    Comments: On October 29, 2024, the OCC published a 60-day notice 
for this information collection, (89 FR 86079). No comments were 
received.
    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

[[Page 9057]]

    (e) Estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

Patrick T. Tierney,
Assistant Director, Office of the Comptroller of the Currency.
[FR Doc. 2025-02222 Filed 2-4-25; 8:45 am]
BILLING CODE 4810-33-P
```