On October 15, 2012, the FDIC
published in the Federal Register a final rule on annual stress
testing (Annual Stress Test Rule) that is applicable to all state
nonmember banks and state savings associations with over $10
billion in total consolidated assets (covered banks) pursuant to
the requirements of section 165(i)(2) of the Dodd-Frank Act Wall
Street Reform and Consumer Protection Act (Dodd-Frank Act). The
Office of the Comptroller of the Currency (OCC) and the Board of
Governors of the Federal Reserve System (Board) issued annual
stress test final rules for their regulated entities near in time
to the FDIC’s Annual Stress Test Rule. The regulations across the
Federal banking agencies are consistent and comparable as required
by the Dodd-Frank Act. The Dodd-Frank Act stress testing
requirements apply to all covered banks (those with over $10
billion in total consolidated assets), but the FDIC recognized that
the stress tests conducted by covered banks with consolidated total
assets of $50 billion or more would be applied to more complex
portfolios, and therefore warranted a broader set of reports to
adequately capture the results of the company-run stress tests.
These reports necessarily required more detail than would be
appropriate for smaller, less complex institutions. Therefore, in
coordination with the other Federal banking agencies, the FDIC
specified separate reporting templates: (1) for covered banks with
total consolidated assets of greater than $10 billion and less than
$50 billion (OMB Control Number 3064-0187) and (2) for covered
banks with total consolidated assets of $50 billion or more (this
ICR). The FDIC’s, the OCC’s, and Board’s Annual Stress Test Rules
require their respective covered institutions with total
consolidated assets of $50 billion or more to conduct annual stress
tests and report on those tests to the relevant agency by March 31,
2016. The FDIC, OCC, and Board have coordinated the revisions to
the reporting templates that the covered institutions in this
category will use to report. On April 14, 2014, the FDIC published
a final rule in the Federal Register that revised and replaced the
FDIC's risk-based and leverage capital requirements to be
consistent with agreements reached by the Basel Committee on
Banking Supervision in “Basel III: A Global Regulatory Framework
for More Resilient Banks and Banking Systems” (Basel III). The
revisions included implementation of a new definition of regulatory
capital, a new common equity tier 1 minimum capital requirement, a
higher minimum tier 1 capital requirement, and, additional
requirements for banking organizations subject to the Advanced
Approaches capital rules. All banking organizations that were not
subject to the Advanced Approaches Rule had to begin to comply with
the revised capital framework on January 1, 2015. In light of the
finalization of the Basel III capital rules, the FDIC is revising
the FDIC DFAST-14A reporting templates by adding data items,
deleting data items, and redefining existing data items. These
changes will (1) provide additional information to greatly enhance
the ability of the FDIC to analyze the validity and integrity of
firms' projections, (2) improve comparability across firms, and (3)
increase consistency between the FR Y-14A reporting templates and
DFAST-14A reporting templates.
The Stress Test Reporting
Templates for Institutions Between $10 Billion and $50 Billion is a
separate information collection under control number 3064-0187. The
IC and related burden for Stress Test reporting for institutions
between $10 and $50 Billion should have been removed from this ICR
when it was reported under 3064-0187. FDIC is now removing the IC
for Stress Test Reporting Templates for Institutions Between $10
Billion and $50 Billion (and the related burden) from this ICR to
correct the error. There has never been a recordkeeping component
to this information collection. The recordkeeping burden previously
reflected in the IC for institutions $50 Billion and over was
actually the implementation burden associated with this information
collection when it was first created many years ago. All
initially-affected institutions (4) have now gone through the
implementation phase and no longer face an implementation burden.
Any institution reaching the $50 Billion or more threshold will
have gone through implementation at the $10 to $50 Billion level
(3064-0187) and the implementation burden is currently reflected
under that control number. This is, in fact, the case with respect
to the one additional institution joining the roster of respondents
(which is now 5). That institution was previously reporting under
3064-1087 and went through the implementation phase when setting up
to report under that ICR.
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.
Form DFAST 14A Summary "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.''
FR2-0189 Stress Testing Template $50 Billion and Over 82 FR 14726 March 22 2017.pdf
SPST-0189 DFAST for $50B Templates Revisions March 2017 Final.doc
Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of $10 Billion to $50 Billion under the Dodd-Frank Wall Street Reform and Co