Annual Company-Run Stress Test Report for $10-50 Billion Companies

Forms and Documents

Document Name	Status
Form FR Y-16 FR Y-16 SMBs Form	Modified
Form FR Y-16 FR Y-16 SLHCs Form	Modified
Form FR Y-16 FR Y-16 BHCs Form	Modified
FRY16_20141117_omb.pdf Supporting Statement A	2014-11-17
FRY-16_201408016_83c.pdf Justification for No Material/Nonsubstantive Change	2014-08-06

IC Document Collections

IC ID	Document Title	Status
208854	FR Y-16 One-Time Implementation	Unchanged
208852	FR Y-16 SMBs Form	Modified
208851	FR Y-16 SLHCs Form	Modified
208850	FR Y-16 BHCs Form	Modified

ICR Details

OMB Control No: 7100-0356	ICR Reference No: 201411-7100-002
Status: Historical Active	Previous ICR Reference No: 201405-7100-004
Agency/Subagency: FRS	Agency Tracking No: FR Y-16
Title: Annual Company-Run Stress Test Report for $10-50 Billion Companies
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/17/2014
	Date Received in OIRA: 11/17/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2017	36 Months From Approved	09/30/2016
Responses	69	0	69
Time Burden (Hours)	38,623	0	38,288
Cost Burden (Dollars)	0	0	0

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Abstract: The annual FR Y-16 collects quantitative projections of balance sheet, income, losses, and capital across three scenarios(baseline, adverse, and severely adverse) and qualitative information on methodologies used to develop these internal projections of capital across these scenarios. The FR Y-16 comprises three primary schedules: (1) Results Schedule, which includes the quantitative results of the stress tests under the baseline, adverse, and severely adverse scenarios for each quarter of the planning horizon--that is, aggregate losses, pre-provision net revenue, provision for loan and lease losses, net income, and pro forma capital ratios (including regulatory and any other capital ratios specified by the Board);(2) Scenario Variables Schedule; and (3) Contact Information Schedule.

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Authorizing Statute(s): US Code: 12 USC 5365(i)(2), 5412 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act
   US Code: 12 USC 324 Name of Law: Federal Reserve Act
   US Code: 12 USC 1467a(b)(2) Name of Law: Home Owners Loan Act
  

Citations for New Statutory Requirements: US Code: 12 USC 5365(i)(2)(C) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 41276	07/15/2014
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 63626	10/24/2014
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 4

IC Title	Form No.	Form Name
FR Y-16 SLHCs	FR Y-16	Annual Company-Run Stress Test Report for $10-50 Billion Companies
FR Y-16 SMBs	FR Y-16	Annual Company-Run Stress Test Report for $10-50 Billion Companies
FR Y-16 BHCs	FR Y-16	Annual Company-Run Stress Test Report for $10-50 Billion Companies
FR Y-16 One-Time Implementation

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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	69	69	0	0	0	0
Annual Time Burden (Hours)	38,623	38,288	0	335	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 Federal Reserve proposes the following revisions and clarifications to the FR Y-16 report for the report submission due annually beginning on March 31, 2015: (1) add common equity tier 1 capital as a data item, (2) add common equity tier 1 risk based capital ratio as a data item, and (3) modify the reporting instructions to clarify a number of items.

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Annual Cost to Federal Government: $896,990

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

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Common Form ICR:  No

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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: 11/17/2014

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