''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.''
ICR 201212-3064-002
OMB: 3064-0189
Federal Form Document
⚠️ Notice: This information collection may be outdated. More recent filings for OMB 3064-0189 can be found here:
''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.''
New
collection (Request for a new OMB Control Number)
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 are almost
identical to those described in the OCC's related information
collection (77 FR 66663). There are no substantive differences
between the FDIC's and the OCC's templates; only the names of the
agencies were changed. The FDIC expects to consolidate the new
information collection requirements contained in reporting
templates for covered banks with total consolidation assets of $50
billion or more with the information collection requirements
contained in the final rule. 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.
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:
(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;
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.