Section 165(i)(2) of the Dodd-Frank
Act requires certain financial companies, including national banks
and Federal savings associations, to conduct annual stress tests
and requires the primary financial regulatory agency of those
financial companies to issue regulations implementing the stress
test requirements. The OCC issued an anuual stress test rule to
meet this requirement in 2012. The OCC also issued related
reporting templates for institutions with consolidated assets of
over $50 billion in 2012. The revisions to the DFAST-14A reporting
templates consist of the following: • Adding line items to the
Regulatory Capital Instruments Schedule. • Updating the Summary
Schedule to collect items related to the supplementary leverage
ratio. • Removing sub-schedules of the Operational Risk Schedule
for all covered institutions and adding sub-schedules to the
Operational Risk Schedule for a subset of covered institutions. •
Creating a new supplemental schedule to collect certain items not
included in the Board’s FR Y-14A. • Requiring a bank-specific
scenario. Covered institutions would be required to submit
bank-specific baseline and stress scenarios. • Requiring the
assumption of largest counterparty default. The largest trading
covered institutions that also submit the Global Market Shock
scenario would be required to assume the default of their largest
counterparty in the supervisory severely adverse and adverse
scenarios.
PL:
Pub.L. 111 - 203 165(i) Name of Law: Dodd-Frank Wall Street
Reform and Consumer Protection Act
The change is burden is due to
the fact that more respondents are expected to complete the
templates. Also, the OCC’s burden estimate is based upon the
Board’s estimate of the burden of completing the FR Y-14A reporting
form, which is very similar to these reporting templates. To the
extent the burden of completing the FR Y-14A increases or
decreases, the burden of completing the OCC’s reporting templates
will also increase or decrease.
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.