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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:
1557-0311
ICR Reference No:
201810-1557-004
Status:
Historical Active
Previous ICR Reference No:
201802-1557-002
Agency/Subagency:
TREAS/OCC
Agency Tracking No:
Title:
Annual Stress Test Rule and Company-Run Annual Stress Test Reporting Templates
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Emergency
Approval Requested By:
10/29/2018
OIRA Conclusion Action:
Approved without change
Conclusion Date:
10/16/2018
Retrieve Notice of Action (NOA)
Date Received in OIRA:
10/15/2018
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
04/30/2019
6 Months From Approved
03/31/2021
Responses
183
0
327
Time Burden (Hours)
63,440
0
80,324
Cost Burden (Dollars)
0
0
0
Abstract:
Section 165(i)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection 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. This collection of information currently encompasses information collection requirements contained in the OCC’s annual stress testing rule and its stress testing templates for covered institutions with $10-50 billion in total consolidated assets (FFIEC 016). Through this ICR, the templates for institutions with total consolidated assets of $10 billion to $50 billion, FFIEC 016, are being removed. Due to the change in threshold requiring stress testing under section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act, stress testing is no longer required for institutions with $10-$50 billion in total consolidated assets. Therefore, we are removing the two ICs relating to the FFIEC 016.
Emergency Justfication:
Due to the change in threshold requiring stress testing under section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act, stress testing is no longer required for institutions with $10-$50 billion in total consolidated assets. Therefore, we are removing the two ICs relating to the FFIEC 016.
Authorizing Statute(s):
PL:
Pub.L. 111 - 203 165(i)
Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
Citations for New Statutory Requirements:
PL: Pub.L. 115 - 174 401 Name of Law: Economic Growth, Regulatory Relief, and Consumer Protection Act
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
3
IC Title
Form No.
Form Name
FFIEC 016 Results Template
FFIEC 016
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 Scenario Variables Template
FFIEC 016
Annual Dodd-Frank Company-Run Stress Test Report for Depository Institutions and Holding Companies with $10-50 in Total Consolidated Assets
Methodologies and Practices - Final Rule
Publication - Final Rule
Reporting - Final Rule
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
183
327
-144
0
0
0
Annual Time Burden (Hours)
63,440
80,324
-16,884
0
0
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 reduction in burden is due to the removal of the FFIEC 016.
Annual Cost to Federal Government:
$0
Does this IC contain surveys, censuses, or employ statistical methods?
No
Does this ICR request any personally identifiable information (see
OMB Circular No. A-130
for an explanation of this term)? Please consult with your agency's privacy program when making this determination.
No
Does this ICR include a form that requires a Privacy Act Statement (see
5 U.S.C. §552a(e)(3)
)? Please consult with your agency's privacy program when making this determination.
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]?
No
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:
Kevin korzeniewski 202 874-4628
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:
10/15/2018
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