Annual Stress Test - $10-$50 Billion Banks

Forms and Documents

Document Name	Status
Form FFIEC 016 Stress Test Reporting $10-$50 Billion - Ongoing Form	Modified
Form FFIEC 016 Stress Test Reporting $10-$50 Billion - Initial Form	Modified
FR2-0187 DFAST 10-50 Billion FFIEC 016 83 FR 8149 Feb 23 2018.pdf Supplementary Document	2018-02-23
FR1-0187 10 to 50 Billion Stress Test FFIEC 016 82 FR 46887 October 6 2017.pdf Supplementary Document	2018-02-23
SPST-0187 165(i)DFAST 2018 Renewal Stress Test Reporting for $10B - $50B FFIEC 016.doc Supporting Statement A	2018-02-23

IC Document Collections

IC ID	Document Title	Status
220784	Stress Test Reporting $10-$50 Billion - Ongoing Form	Modified
202115	Stress Test Reporting $10-$50 Billion - Initial Form	Modified

ICR Details

OMB Control No: 3064-0187	ICR Reference No: 201802-3064-001
Status: Historical Active	Previous ICR Reference No: 201512-3064-010
Agency/Subagency: FDIC	Agency Tracking No:
Title: Annual Stress Test - $10-$50 Billion Banks
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
	Date Received in OIRA: 02/23/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2021	36 Months From Approved	06/30/2019
Responses	24	0	23
Time Burden (Hours)	14,318	0	12,318
Cost Burden (Dollars)	0	0	0

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Abstract: The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (FRB) and the Federal Deposit Insurance Corporation (FDIC) (collectively, the banking agencies or the agencies) have each issued rules applicable to the banking organizations they supervise that have total consolidated assets of more than $10 billion, but less than $50 billion. These rules implement the company-run stress testing requirement promulgated by section 165(i)(2) of the Dodd-Frank Act (12 U.S.C. 5365(i)(2)). Under the agencies’ respective rules, institutions that meet this asset threshold are required to conduct, and report the results of an annual stress test using scenarios provided by the agencies. The annual as-of date of the stress test report is December 31, and the submission deadline for the report is the following July 31. The rules across the banking agencies are consistent and comparable as required by the Dodd-Frank Act. The FDIC’s rule defines “stress test” as “the process to assess the potential impact of scenarios on the consolidated earnings, losses, and capital of a covered bank over the planning horizon, taking into account the current condition of the covered bank and the covered bank’s risks, exposures, strategies, and activities,” and it requires covered banks to perform annual stress tests, report their results to the FDIC, and publish a summary of their test results.

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Authorizing Statute(s): US Code: 12 USC 165(i) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  

Citations for New Statutory Requirements: US Code: 12 USC 165(i) Name of Law: Annual Stress Test

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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:
	82 FR 46887	10/06/2017
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 8149	02/23/2018
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Stress Test Reporting $10-$50 Billion - Initial	FFIEC 016	Dodd-Frank Act Stress Test Report $10 to $50 Billion
Stress Test Reporting $10-$50 Billion - Ongoing	FFIEC 016	Dodd-Frank Act Stress Test Report $10 - $50 Billion

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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	24	23	0	0	1	0
Annual Time Burden (Hours)	14,318	12,318	0	0	2,000	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:

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Annual Cost to Federal Government: $0

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

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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: 02/23/2018

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