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:
1557-0319
ICR Reference No:
201311-1557-001
Status:
Historical Active
Previous ICR Reference No:
Agency/Subagency:
TREAS/OCC
Agency Tracking No:
Title:
Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of over $50 Billion
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:
12/31/2013
Retrieve Notice of Action (NOA)
Date Received in OIRA:
11/08/2013
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
12/31/2016
36 Months From Approved
Responses
188
0
0
Time Burden (Hours)
14,319
0
0
Cost Burden (Dollars)
0
0
0
Abstract:
Section 165(i)(2) of the 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. The OCC issued an anuual stress test rule to meet this requirement in 2012. The OCC also issued related reporting templates for institutions with consolidated assets of over $50 billion in 2012. As requested by OMB, both the rule and the over $50 billion templates were cleared under the same control number (OMB Control No. 1557-0311). Currently, this control number is pending at OMB with a request to add templates for institutions with consolidated assets of $10-50 billion. Under this ICR, the OCC is requesting approval for changes to the over $50 billion templates. Because OMB Control No. 1557-0311 is currently pending at OMB with the request to add the $10-50 billion templates, the OCC is seeking a new control number for this ICR containing changes to the over $50 billion templates. This new collection will be consolidated with the remainder of OMB Control No. 1557-0311 as soon as possible so that all of the OCC's stress testing information collection requirements will be approved under a single control number.
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. 111 - 203 165(i) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
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 51272
08/20/2013
30-day Notice:
Federal Register Citation:
Citation Date:
78 FR 67218
11/08/2013
Did the Agency receive public comments on this ICR?
Yes
Number of Information Collection (IC) in this ICR:
7
IC Title
Form No.
Form Name
Contact Template
N/A
Contact Information Schedule Cover Sheet
Counterparty Risk Template
N/A
Counterparty Credit Risk/CVA Data Schedule Cover Sheet
Operational Risk Template
N/A
Operational Risk Schedule Cover Sheet
Regulatory Capital Instruments
N/A
Regulatory Capital Instruments Annual Schedule
Regulatory Capital Transitions
N/A
Regulatory Capital Transitions Cover Sheet
Scenario Template
N/A
Scenario Schedule Cover Sheet
Summary Schedule Template
N/A, N/A
Summary Schedule Cover Sheet
,
Bank Balance Sheet Worksheet
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
188
0
0
188
0
0
Annual Time Burden (Hours)
14,319
0
0
14,319
0
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Miscellaneous Actions
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
The revisions to the worksheets, including the addition of line items, resulted in an increase in 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:
Henry Barkhausen 202 649-7191 henry.barkhausen@occ.treas.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:
11/08/2013
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