View Information Collection Request (ICR) Package
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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:
3064-0189
ICR Reference No:
201303-3064-004
Status:
Historical Active
Previous ICR Reference No:
201212-3064-002
Agency/Subagency:
FDIC
Agency Tracking No:
Title:
''Annual Stress Test Reporting Templates and Documentation for Covered Banks with Total Consolidated Assets of $10 Billion or More under Dodd-Frank''
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
03/19/2014
Retrieve Notice of Action (NOA)
Date Received in OIRA:
10/24/2013
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
03/31/2017
36 Months From Approved
03/31/2016
Responses
26
0
4
Time Burden (Hours)
122,368
0
4,160
Cost Burden (Dollars)
0
0
0
Abstract:
On November 26, 2012, after the annual stress test rule was finalized, the FDIC, in coordination with the other Federal banking agencies, published for comment separately a notice of information collection describing the new versions of the proposed required reports for covered banks with total consolidated assets of $50 billion or more. These reporting templates were almost identical to those described in the OCC's related information collection (77 FR 66663). There were no substantive differences between the FDIC's and the OCC's templates; only the names of the agencies were changed. Now, the FDIC, in coordination with the other Federal banking agencies, published for comment separately a notice of information collection describing the new versions of the proposed required reports for covered banks with total consolidated assets of $10-$50 billion. These reporting templates are almost identical to those described in the OCC's related information collection. There are no substantive differences between the FDIC's and the OCC's templates. The FDIC is hereby revising this information collection to consolidate the new information collection requirements contained in reporting templates for covered banks with total consolidated assets of $10 billion to $50 billion with the separate information collection requirements contained in reporting templates for covered banks with total consolidation assets of $50 billion or more. The FDIC intends to use the data collected through these templates to assess the reasonableness of the stress test results of covered banks and to provide forward-looking information to the FDIC regarding a covered bank's capital adequacy. The FDIC 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 bank. The stress test results are expected to support ongoing improvement in a covered bank's stress testing practices with respect to its internal assessments of capital adequacy and overall capital planning.
Authorizing Statute(s):
None
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
78 FR 16263
03/14/2013
30-day Notice:
Federal Register Citation:
Citation Date:
78 FR 63470
10/24/2013
Did the Agency receive public comments on this ICR?
Yes
Number of Information Collection (IC) in this ICR:
2
IC Title
Form No.
Form Name
"Annual Stress Test Reporting Template and Documentation for Covered Banks with Total Consolidated Assets of $50 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act.''
FDIC DFAST-14A, FDIC DFAST-14A, FDIC DFAST 14A Regulatory Capital Instruments Temp, FDIC DFAST-14A Scenario Template.xlsx, FDIC DFAST-14A Operational Risk Template.xlsx, FDIC DFAST-14A Contact Information Template, FDIC DFAST-14A
Counterparty Credit Risk Template
,
Basel III and Dodd-Frank Template
,
Regulatory Capital Instruments Template
,
Operational Risk Template.xlsx
,
Contact Information Template
,
Scenario Template.xlsx
,
Summary Schedule Cover Sheet - Banks with $50 Billion or More in Assets
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 Co
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 Act
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
26
4
0
0
22
0
Annual Time Burden (Hours)
122,368
4,160
0
0
118,208
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 FDIC is hereby revising this information collection to add the new information collection requirements contained in reporting templates for covered banks with total consolidated assets of $10 billion to $50 billion with information collection requirements contained in reporting templates for covered banks with total consolidatedion assets of $50 billion or more.
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:
10/24/2013
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