The annual FR Y-14A collects large
BHCs' quantitative projections of balance sheet, income, losses,
and capital across a range of macroeconomic scenarios and
qualitative information on methodologies used to develop internal
projections of capital across scenarios. The quarterly FR Y-14Q
collects granular data on BHCs' various asset classes and
pre-provision net revenue for the reporting period, which is used
to support supervisory stress test models and for continuous
monitoring efforts. The monthly FR Y-14M comprises three retail
loan- and portfolio-level collections, and one detailed address
matching collection.
US Code:
12
USC 1844 Name of Law: Bank Holding Company Act
US Code: 12
USC 5365 Name of Law: Dodd-Frank Act
The proposed revisions
increased the total annual burden for this information collection
by 53,960 hours, for a total of 607,589 hours. The overall net
increase in burden was due to several factors. The burden decrease
is twofold: (1) it decreased by 1,140 hours due to a reduction in
reporting frequency of the Basel III/Dodd-Frank and Regulatory
Capital Instruments schedules from quarterly to three times per
years and (2) in response to revisions the burden decreased by
143,108 hours due to a reestimation of the estimated average hours
per response of the Retail Risk schedule. The burden increase is
due the addition of several new schedule: (1) the new quarterly
Operational Risk schedule and (2) three new monthly Retail Risk
collections.
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.