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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
3064-0187
ICR Reference No:
201210-3064-001
Status:
Historical Active
Previous ICR Reference No:
201204-3064-001
Agency/Subagency:
FDIC
Agency Tracking No:
Title:
Annual Stress Test
Type of Information Collection:
New collection (Request for a new OMB Control Number)
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved with change
Conclusion Date:
04/04/2013
Retrieve Notice of Action (NOA)
Date Received in OIRA:
10/19/2012
Terms of Clearance:
Agency revised supporting statement to respond to public comments.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
04/30/2016
36 Months From Approved
Responses
25
0
0
Time Burden (Hours)
50,000
0
0
Cost Burden (Dollars)
0
0
0
Abstract:
This rule implements the requirements in Section 165(i) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the ``Dodd-Frank Act "') regarding stress tests. This rule implements section 165(i)(2) by requiring state nonmember banks and state savings associations supervised by the Corporation with total consolidated assets of more than $10 billion to conduct annual stress tests in accordance with the proposed rule, report the results of such stress tests to the Corporation and the Board of Governors of the Federal Reserve System (``Board "') at such time and in such a form containing the information required by the Corporation, and publish a summary of the results of the required stress tests.
Authorizing Statute(s):
US Code:
12 USC 165(i)
Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
Citations for New Statutory Requirements:
US Code: 12 USC 165(i) Name of Law: Annual Stress Test
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
3064-AD91
Final or interim final rulemaking
77 FR 62417
10/15/2012
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Annual Stress Test
FDIC Template 2, FDIC Template 3, FDIC Template 4, FDIC Template 1
Basel III Capital Summary Submission Cover Sheet: Dodd-Frank Act Annual Stress Test Reporting Template for Covered Banks with Total Consolidated Assets of $50 Billion or More - Excel
,
FDIC DFAST Y-14A: Counterparty Credit Risk / CVA Data Submission Cover Sheet - Excel
,
Summary Submission Cover Sheet. Dodd-Frank Act Annual Stress Test Reporting Template for Covered Banks with Total Consolidated Assets of $50 Billion or More - Excel
,
Summary Submission Cover Sheet. Dodd-Frank Act Annual Stress Test Reporting Template for Covered Banks with Total Consolidated Assets of $50 Billion or More - Excel
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
25
0
23
0
2
0
Annual Time Burden (Hours)
50,000
0
46,000
0
4,000
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
The estimated number of respondents has increased from 23 to 25, resulting in an increase in estimated burden.
Annual Cost to Federal Government:
Does this IC contain surveys, censuses, or employ statistical methods?
No
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
Yes
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Gary Kuiper 202 898-3877 gkuiper@fdic.gov
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
10/19/2012
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