Federal Register / Vol. 82, No. 193 / Friday, October 6, 2017 / Notices 46887 

• Web site: http://

www.regulations.gov. Follow the online 

instructions for submitting comments. 

• Fax: 202–493–2251. 

• Mail: Docket Operations Facility, 

U.S. Department of Transportation, 1200 

New Jersey Avenue SE., W12–140, 

Washington, DC 20590. 

• Hand Delivery: 1200 New Jersey 

Avenue SE., W12–140, Washington, DC 

20590, between 9 a.m. and 5 p.m., 

Monday through Friday, except Federal 

Holidays. 

FOR FURTHER INFORMATION CONTACT: Dr. 

Mark Hartong, Senior Scientific 

Technical Advisor, at (202) 493–1332 or 

Mark.Hartong@dot.gov; or Mr. David 

Blackmore, Staff Director, Positive Train 

Control Division, at (312) 835–3903 or 

David.Blackmore@dot.gov. 

SUPPLEMENTARY INFORMATION: In its 

PTCSP, NCTD asserts that the I-ETMS 

system it is implementing is designed as 

a vital overlay PTC system as defined in 

49 CFR 236.1015(e)(2). The PTCSP 

describes NCTD’s I-ETMS 

implementation and the associated IETMS safety processes, safety analyses, 

and test, validation, and verification 

processes used during the development 

of I–ETMS. The PTCSP also contains 

NCTD’s operational and support 

requirements and procedures. 

NCTD’s PTCSP and the accompanying 

request for approval and system 

certification are available for review 

online at www.regulations.gov (Docket 

Number FRA–2010–0049) and in person 

at DOT’s Docket Operations Facility, 

1200 New Jersey Avenue SE., W12–140, 

Washington, DC 20590. The Docket 

Operations Facility is open from 9 a.m. 

to 5 p.m., Monday through Friday, 

except Federal Holidays. 

Interested parties are invited to 

comment on the PTCSP by submitting 

written comments or data. During its 

review of the PTCSP, FRA will consider 

any comments or data submitted. 

However, FRA may elect not to respond 

to any particular comment and, under 

49 CFR 236.1009(d)(3), FRA maintains 

the authority to approve or disapprove 

the PTCSP at its sole discretion. FRA 

does not anticipate scheduling a public 

hearing regarding NCTD’s PTCSP 

because the circumstances do not 

appear to warrant a hearing. If any 

interested party desires an opportunity 

for oral comment, the party should 

notify FRA in writing before the end of 

the comment period and specify the 

basis for his or her request. 

Privacy Act Notice 

Anyone can search the electronic 

form of any written communications 

and comments received into any of our 

dockets by the name of the individual 

submitting the comment (or signing the 

document, if submitted on behalf of an 

association, business, labor union, etc.). 

In accordance with 49 CFR 211.3, FRA 

solicits comments from the public to 

better inform its decisions. DOT posts 

these comments, without edit, including 

any personal information the 

commenter provides, to 

www.regulations.gov, as described in 

the system of records notice (DOT/ALL– 

14 FDMS), which can be reviewed at 

https://www.transportation.gov/privacy. 

See https://www.regulations.gov/ 

privacyNotice for the privacy notice of 

regulations.gov. 

Robert C. Lauby, 

Associate Administrator for Railroad Safety, 

Chief Safety Officer. 

[FR Doc. 2017–21618 Filed 10–5–17; 8:45 am] 

BILLING CODE 4910–06–P 

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 DoddFrank 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 


asabaliauskas on DSKBBXCHB2PROD with NOTICES
46888 Federal Register / Vol. 82, No. 193 / Friday, October 6, 2017 / Notices 

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 prainfo@

occ.treas.gov. 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: regs.comments@

federalreserve.gov. 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: comments@FDIC.gov. 

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 oira_

submission@omb.eop.gov. 

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 forprofit. 

OCC 

OMB Control No.: 1557–0311. 

Estimated Number of Respondents: 


asabaliauskas on DSKBBXCHB2PROD with NOTICES
Federal Register / Vol. 82, No. 193 / Friday, October 6, 2017 / Notices 46889 

1 12 CFR part 46 (OCC); 12 CFR part 252, subpart 

B (Board); 12 CFR part 325, subpart C (FDIC). 

2 12 CFR part 46 (OCC); 12 CFR part 252, subpart 

B (Board); 12 CFR part 325, subpart C (FDIC). 

3FFIEC 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). 

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). 

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. 

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 companyrun 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 burdenreducing 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. 

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 otherthan-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-thantemporary impairment losses,’’ on each 

Income Statement scenario schedule 

with ‘‘Other-than-temporary impairment 

losses on held-to-maturity and 

available-for-sale debt securities 


asabaliauskas on DSKBBXCHB2PROD with NOTICES
46890 Federal Register / Vol. 82, No. 193 / Friday, October 6, 2017 / Notices 

4Financial Stability Oversight Council 2015 

Annual Report, page 14, http://www.treasury.gov/ 

initiatives/fsoc/studies-reports/Documents/ 

2015%20FSOC%20Annual%20Report.pdf. 

5See 12 U.S.C. 3305(c). 

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 losssharing 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

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. 

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 

DEPARTMENT OF THE TREASURY 

Departmental Offices; Interest Rate 

Paid on Cash Deposited To Secure 

U.S. Immigration and Customs 

Enforcement Immigration Bonds 

AGENCY: Departmental Offices, Treasury. 


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