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OMB Control No: 3064-0189	ICR Reference No: 201703-3064-008
Status: Historical Active	Previous ICR Reference No: 201603-3064-002
Agency/Subagency: FDIC	Agency Tracking No:
Title: Annual Stress Test Reporting Templates and Documentation for Covered Banks with Total Consolidated Assets of $50 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: 03/23/2018
Retrieve Notice of Action (NOA)	Date Received in OIRA: 03/29/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2021	36 Months From Approved	08/31/2019
Responses	5	0	26
Time Burden (Hours)	5,200	0	122,478
Cost Burden (Dollars)	0	0	0

Abstract: On October 15, 2012, the FDIC published in the Federal Register a final rule on annual stress testing (Annual Stress Test Rule) that is applicable to all state nonmember banks and state savings associations with over $10 billion in total consolidated assets (covered banks) pursuant to the requirements of section 165(i)(2) of the Dodd-Frank Act Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The Office of the Comptroller of the Currency (OCC) and the Board of Governors of the Federal Reserve System (Board) issued annual stress test final rules for their regulated entities near in time to the FDIC’s Annual Stress Test Rule. The regulations across the Federal banking agencies are consistent and comparable as required by the Dodd-Frank Act. The Dodd-Frank Act stress testing requirements apply to all covered banks (those with over $10 billion in total consolidated assets), but the FDIC recognized that the stress tests conducted by covered banks with consolidated total assets of $50 billion or more would be applied to more complex portfolios, and therefore warranted a broader set of reports to adequately capture the results of the company-run stress tests. These reports necessarily required more detail than would be appropriate for smaller, less complex institutions. Therefore, in coordination with the other Federal banking agencies, the FDIC specified separate reporting templates: (1) for covered banks with total consolidated assets of greater than $10 billion and less than $50 billion (OMB Control Number 3064-0187) and (2) for covered banks with total consolidated assets of $50 billion or more (this ICR). The FDIC’s, the OCC’s, and Board’s Annual Stress Test Rules require their respective covered institutions with total consolidated assets of $50 billion or more to conduct annual stress tests and report on those tests to the relevant agency by March 31, 2016. The FDIC, OCC, and Board have coordinated the revisions to the reporting templates that the covered institutions in this category will use to report. On April 14, 2014, the FDIC published a final rule in the Federal Register that revised and replaced the FDIC's risk-based and leverage capital requirements to be consistent with agreements reached by the Basel Committee on Banking Supervision in “Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems” (Basel III). The revisions included implementation of a new definition of regulatory capital, a new common equity tier 1 minimum capital requirement, a higher minimum tier 1 capital requirement, and, additional requirements for banking organizations subject to the Advanced Approaches capital rules. All banking organizations that were not subject to the Advanced Approaches Rule had to begin to comply with the revised capital framework on January 1, 2015. In light of the finalization of the Basel III capital rules, the FDIC is revising the FDIC DFAST-14A reporting templates by adding data items, deleting data items, and redefining existing data items. These changes will (1) provide additional information to greatly enhance the ability of the FDIC to analyze the validity and integrity of firms' projections, (2) improve comparability across firms, and (3) increase consistency between the FR Y-14A reporting templates and DFAST-14A reporting templates.

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:
	81 FR 85223	11/25/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 14726	03/22/2017
Did the Agency receive public comments on this ICR? No

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	5	26	-21
Annual Time Burden (Hours)	5,200	122,478	-117,278
Annual Cost Burden (Dollars)	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 Stress Test Reporting Templates for Institutions Between $10 Billion and $50 Billion is a separate information collection under control number 3064-0187. The IC and related burden for Stress Test reporting for institutions between $10 and $50 Billion should have been removed from this ICR when it was reported under 3064-0187. FDIC is now removing the IC for Stress Test Reporting Templates for Institutions Between $10 Billion and $50 Billion (and the related burden) from this ICR to correct the error. There has never been a recordkeeping component to this information collection. The recordkeeping burden previously reflected in the IC for institutions $50 Billion and over was actually the implementation burden associated with this information collection when it was first created many years ago. All initially-affected institutions (4) have now gone through the implementation phase and no longer face an implementation burden. Any institution reaching the $50 Billion or more threshold will have gone through implementation at the $10 to $50 Billion level (3064-0187) and the implementation burden is currently reflected under that control number. This is, in fact, the case with respect to the one additional institution joining the roster of respondents (which is now 5). That institution was previously reporting under 3064-1087 and went through the implementation phase when setting up to report under that ICR.

Annual Cost to Federal Government:

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]? 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: Manuel Cabeza 202 898-3781 mcabeza@fdic.gov

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