60-Day Federal Register Notice

asabaliauskas on DSKBBXCHB2PROD with NOTICES

Federal Register / Vol. 82, No. 193 / Friday, October 6, 2017 / Notices
• Web site: http://
www.regulations.gov. Follow the online
instructions for submitting comments.
• Fax: 202–493–2251.
• Mail: Docket Operations Facility,
U.S. Department of Transportation, 1200
New Jersey Avenue SE., W12–140,
Washington, DC 20590.
• Hand Delivery: 1200 New Jersey
Avenue SE., W12–140, Washington, DC
20590, between 9 a.m. and 5 p.m.,
Monday through Friday, except Federal
Holidays.
FOR FURTHER INFORMATION CONTACT: Dr.
Mark Hartong, Senior Scientific
Technical Advisor, at (202) 493–1332 or
[email protected]; or Mr. David
Blackmore, Staff Director, Positive Train
Control Division, at (312) 835–3903 or
[email protected].
SUPPLEMENTARY INFORMATION: In its
PTCSP, NCTD asserts that the I-ETMS
system it is implementing is designed as
a vital overlay PTC system as defined in
49 CFR 236.1015(e)(2). The PTCSP
describes NCTD’s I-ETMS
implementation and the associated IETMS safety processes, safety analyses,
and test, validation, and verification
processes used during the development
of I–ETMS. The PTCSP also contains
NCTD’s operational and support
requirements and procedures.
NCTD’s PTCSP and the accompanying
request for approval and system
certification are available for review
online at www.regulations.gov (Docket
Number FRA–2010–0049) and in person
at DOT’s Docket Operations Facility,
1200 New Jersey Avenue SE., W12–140,
Washington, DC 20590. The Docket
Operations Facility is open from 9 a.m.
to 5 p.m., Monday through Friday,
except Federal Holidays.
Interested parties are invited to
comment on the PTCSP by submitting
written comments or data. During its
review of the PTCSP, FRA will consider
any comments or data submitted.
However, FRA may elect not to respond
to any particular comment and, under
49 CFR 236.1009(d)(3), FRA maintains
the authority to approve or disapprove
the PTCSP at its sole discretion. FRA
does not anticipate scheduling a public
hearing regarding NCTD’s PTCSP
because the circumstances do not
appear to warrant a hearing. If any
interested party desires an opportunity
for oral comment, the party should
notify FRA in writing before the end of
the comment period and specify the
basis for his or her request.
Privacy Act Notice
Anyone can search the electronic
form of any written communications
and comments received into any of our

VerDate Sep<11>2014

18:40 Oct 05, 2017

Jkt 244001

dockets by the name of the individual
submitting the comment (or signing the
document, if submitted on behalf of an
association, business, labor union, etc.).
In accordance with 49 CFR 211.3, FRA
solicits comments from the public to
better inform its decisions. DOT posts
these comments, without edit, including
any personal information the
commenter provides, to
www.regulations.gov, as described in
the system of records notice (DOT/ALL–
14 FDMS), which can be reviewed at
https://www.transportation.gov/privacy.
See https://www.regulations.gov/
privacyNotice for the privacy notice of
regulations.gov.
Robert C. Lauby,
Associate Administrator for Railroad Safety,
Chief Safety Officer.
[FR Doc. 2017–21618 Filed 10–5–17; 8:45 am]
BILLING CODE 4910–06–P

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE
CORPORATION
Proposed Agency Information
Collection Activities: Comment
Request
Office of the Comptroller of the
Currency (OCC), Treasury; Board of
Governors of the Federal Reserve
System (Board); and Federal Deposit
Insurance Corporation (FDIC).
ACTION: Joint notice and request for
comment.
AGENCY:

In accordance with the
requirements of the Paperwork
Reduction Act (PRA) of 1995, the OCC,
the Board, and the FDIC (the agencies)
may not conduct or sponsor, and the
respondent is not required to respond
to, an information collection unless it
displays a currently valid Office of
Management and Budget (OMB) control
number. The agencies, under the
auspices of the Federal Financial
Institutions Examination Council
(FFIEC), have approved the publication
for public comment of the proposed
Annual Dodd-Frank Act Company-Run
Stress Test Report for Depository
Institutions and Holding Companies
with $10–$50 Billion in Total
Consolidated Assets (FFIEC 016). This
proposed report would combine the
agencies’ three separate, yet identical,
stress test report forms (as described in
the SUPPLEMENTARY INFORMATION), which

SUMMARY:

PO 00000

Frm 00135

Fmt 4703

Sfmt 4703

46887

are currently approved collections of
information, into a single new FFIEC
report. As part of their proposed
adoption of the new FFIEC 016 report,
the agencies also are proposing to
implement a limited number of
revisions that would align the report
with recent burden-reducing changes to
the FFIEC 031 and FFIEC 041
Consolidated Reports of Condition and
Income and the Board’s FR Y–9C
Consolidated Financial Statements for
Holding Companies. In addition, the
agencies are proposing to have
institutions provide their Legal Entity
Identifier (LEI) on the report form, if
they already have one. The proposed
FFIEC 016 reporting requirements
reflect the company-run stress testing
requirements promulgated by the DoddFrank Wall Street Reform and Consumer
Protection Act (as reflected in the
agencies’ current information
collections).
The Board, in connection with this
proposal and conditioned on the final
adoption of the FFIEC 016, is proposing
to replace the FR Y–16 (Annual
Company-Run Stress Test Report For
State Member Banks, Bank Holding
Companies, and Savings and Loan
Holding Companies with Total
Consolidated Assets Greater Than $10
Billion and Less Than $50 Billion),
which it currently uses to collect the
annual company-run stress test results.
Also in connection with the final
adoption of the FFIEC 016, the OCC and
the FDIC are proposing to replace the
OCC’s DFAST 10–50B (Annual
Company-Run 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 Consumer Protection
Act), and the FDIC’s DFAST 10–50
(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 Consumer Protection
Act), respectively, with the FFIEC 016.
The respondents for the proposed
FFIEC 016 are institutions with average
total consolidated assets of at least $10
billion, but less than $50 billion. The
proposed FFIEC 016 would take effect
for the December 31, 2017, as-of date of
the stress test report. The submission
deadline for the report would be the
following July 31.
At the end of the comment period for
this notice, the comments and
recommendations received will be
reviewed to determine whether the
FFIEC and the agencies should modify
the proposal for the FFIEC 016 report

E:\FR\FM\06OCN1.SGM

06OCN1

46888

Federal Register / Vol. 82, No. 193 / Friday, October 6, 2017 / Notices

form before giving final approval. As
required by the PRA, the agencies will
then publish a second Federal Register
notice for a 30-day comment period and
submit the FFIEC 016 information
collection to OMB for review and
approval.
Comments must be submitted on
or before December 5, 2017.
ADDRESSES: Interested parties are
invited to submit written comments to
any or all of the agencies. All comments,
which should refer to the OMB control
number(s), will be shared among the
agencies.
OCC: Because paper mail in the
Washington, DC, area and at the OCC is
subject to delay, commenters are
encouraged to submit comments by
email, if possible, to prainfo@
occ.treas.gov. Alternately, comments
may be sent to: Legislative and
Regulatory Activities Division, Office of
the Comptroller of the Currency,
Attention: ‘‘1557–0311 (FFIEC 016),’’
400 7th Street SW., Suite 3E–218,
Washington, DC 20219. In addition,
comments may be sent by fax to (571)
465–4326.
You may personally inspect and
photocopy comments at the OCC, 400
7th Street SW., Washington, DC 20219.
For security reasons, the OCC requires
that visitors make an appointment to
inspect comments. You may do so by
calling (202) 649–6700 or, for persons
who are deaf or hard of hearing, TTY,
(202) 649–5597. Upon arrival, visitors
will be required to present valid
government-issued photo identification
and submit to security screening in
order to inspect and photocopy
comments.
All comments received, including
attachments and other supporting
materials, are part of the public record
and subject to public disclosure. Do not
include any information in your
comment or supporting materials that
you consider confidential or
inappropriate for public disclosure.
Board: You may submit comments,
which should refer to ‘‘FFIEC 016,’’ by
any of the following methods:
• Agency Web site: http://
www.federalreserve.gov. Follow the
instructions for submitting comments at:
http://www.federalreserve.gov/apps/
foia/proposedregs.aspx.
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
• Email: regs.comments@
federalreserve.gov. Include reporting
form number in the subject line of the
message.
• FAX: (202) 452–3819 or (202) 452–
3102.

asabaliauskas on DSKBBXCHB2PROD with NOTICES

DATES:

VerDate Sep<11>2014

18:40 Oct 05, 2017

Jkt 244001

• Mail: Ann E. Misback, Secretary,
Board of Governors of the Federal
Reserve System, 20th Street and
Constitution Avenue NW., Washington,
DC 20551.
All public comments are available
from the Board’s Web site at http://
www.federalreserve.gov/apps/foia/
proposedregs.aspx as submitted, unless
modified for technical reasons.
Accordingly, your comments will not be
edited to remove any identifying or
contact information. Public comments
may also be viewed electronically or in
paper form in Room 3515, 1801 K Street
(between 18th and 19th Streets) NW.,
Washington, DC 20006, between 9:00
a.m. and 5:00 p.m. on weekdays.
FDIC: You may submit comments,
which should refer to ‘‘FFIEC 016,’’ by
any of the following methods:
• Agency Web site: http://
www.fdic.gov/regulations/laws/federal/.
Follow the instructions for submitting
comments on the FDIC Web site.
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
• Email: [email protected].
Include ‘‘FFIEC 016’’ in the subject line
of the message.
• Mail: Manuel E. Cabeza, Counsel,
Attn: Comments, Room MB–3007,
Federal Deposit Insurance Corporation,
550 17th Street NW., Washington, DC
20429.
• Hand Delivery: Comments may be
hand delivered to the guard station at
the rear of the 550 17th Street Building
(located on F Street) on business days
between 7:00 a.m. and 5:00 p.m.
Public Inspection: All comments
received will be posted without change
to http://www.fdic.gov/regulations/laws/
federal/ including any personal
information provided. Comments may
be inspected at the FDIC Public
Information Center, Room E–1002, 3501
Fairfax Drive, Arlington, VA 22226,
between 9:00 a.m. and 5:00 p.m. on
business days.
Additionally, commenters may send a
copy of their comments to the OMB
desk officer for the agencies by mail to
the Office of Information and Regulatory
Affairs, U.S. Office of Management and
Budget, New Executive Office Building,
Room 10235, 725 17th Street NW.,
Washington, DC 20503; by fax to (202)
395–6974; or by email to oira_
[email protected].
FOR FURTHER INFORMATION CONTACT: For
further information about the proposed
FFIEC report discussed in this notice,
please contact any of the agency staff
whose names appear below. In addition,
a copy of the proposed FFIEC 016
reporting form is available on the

PO 00000

Frm 00136

Fmt 4703

Sfmt 4703

FFIEC’s Web site (http://www.ffiec.gov/
ffiec_report_forms.htm).
OCC: Kevin Korzeniewski, Counsel,
(202) 649–5490 or, for persons who are
deaf or hard of hearing, TTY, (202) 649–
5597, Legislative and Regulatory
Activities Division, Office of the
Comptroller of the Currency, 400 7th
Street SW., Washington, DC 20219.
Board: Nuha Elmaghrabi, Federal
Reserve Board Clearance Officer, (202)
452–3884, Office of the Chief Data
Officer, Board of Governors of the
Federal Reserve System, 20th and C
Streets NW., Washington, DC 20551.
Telecommunications Device for the Deaf
(TDD) users may call (202) 263–4869.
FDIC: Manuel E. Cabeza, Counsel,
(202) 898–3767, Legal Division, Federal
Deposit Insurance Corporation, 550 17th
Street NW., Room MB–3007,
Washington, DC 20429.
SUPPLEMENTARY INFORMATION: The
agencies propose to implement the
FFIEC 016 report form to replace the
following report forms, which are
approved collections of information:
Board’s FR Y–16, Annual Company-Run
Stress Test Report For State Member
Banks, Bank Holding Companies, and
Savings and Loan Holding Companies
with Total Consolidated Assets Greater
Than $10 Billion and Less Than $50
Billion (OMB Control No. 7100–0356);
FDIC’s DFAST 10–50, 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 Consumer Protection Act
(OMB Control No. 3064–0187); and
OCC’s DFAST 10–50B, Annual
Company-Run 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 Consumer Protection
Act (OMB Control No. 1557–0311).
These existing report forms collect
identical information; however, the
respondent institutions for each form
vary based on each agency’s supervisory
jurisdiction.
Report Title: Annual Dodd-Frank Act
Company-Run Stress Test Report for
Depository Institutions and Holding
Companies with $10–$50 Billion in
Total Consolidated Assets.
Form Number: FFIEC 016.
Frequency of Response: Annually.
Affected Public: Business or other forprofit.
OCC
OMB Control No.: 1557–0311.
Estimated Number of Respondents:

E:\FR\FM\06OCN1.SGM

06OCN1

Federal Register / Vol. 82, No. 193 / Friday, October 6, 2017 / Notices
Initial Stress Test: 1 National bank or
federal savings association.
Ongoing Annual Stress Test: 36
National banks and federal savings
associations.
Estimated Time per Response:
Initial Stress Test: 2,000 Burden hours
per response.
Ongoing Annual Stress Test: 469
Burden hours per response.
Estimated Total Annual Burden:
Initial Stress Test: 2,000 Burden hours
to file.
Ongoing Annual Stress Test: 16,884
Burden hours to file.
Total: 18,884 Burden hours to file.
Board
OMB Control No.: 7100–0356.
Estimated Number of Respondents:
Initial Stress Test: 9 State member
banks, bank holding companies, and
savings and loan holding companies.
Ongoing Annual Stress Test: 70 State
member banks, bank holding
companies, and savings and loan
holding companies.
Estimated Time per Response:
Initial Stress Test: 2,000 Burden hours
per response.
Ongoing Annual Stress Test: 469
Burden hours per response.
Estimated Total Annual Burden:
Initial Stress Test: 18,000 Burden
hours to file.
Ongoing Annual Stress Test: 32,830
Burden hours to file.
Total: 50,830 Burden hours to file.

asabaliauskas on DSKBBXCHB2PROD with NOTICES

FDIC
OMB Control No.: 3064–0187.
Estimated Number of Respondents:
Initial Stress Test: 2 Insured state
nonmember banks and savings
associations.
Ongoing Annual Stress Test: 22
Insured state nonmember banks and
state savings associations.
Estimated Time per Response:
Initial Stress Test: 2,000 Burden hours
per response.
Ongoing Annual Stress Test: 469
Burden hours per response.
Estimated Total Annual Burden:
Initial Stress Test: 4,000 Burden hours
to file.
Ongoing Annual Stress Test: 10,318
Burden hours to file.
Total: 14,318 Burden hours to file.
Type of Review:
OCC and FDIC: Revision and
extension of currently approved
collections.
Board: Proposal for a new collection
of information and discontinuation of a
currently approved collection.
General Description of Reports
The proposed FFIEC 016 information
collection will be mandatory for

VerDate Sep<11>2014

18:40 Oct 05, 2017

Jkt 244001

institutions with average total
consolidated assets of at least $10
billion, but less than $50 billion. The
FFIEC 016 implements the reporting of
the annual company-run stress testing
required of such institutions under
section 165(i)(2) of the Dodd-Frank Wall
Street Reform and Consumer Protection
Act, Public Law 111–203 (Dodd-Frank
Act), and each agency’s implementing
regulation.1 All data reported in the
proposed FFIEC 016 would be given
confidential treatment under 5 U.S.C.
552(b)(8).
Abstract
The FFIEC 016 report would be
submitted by institutions supervised by
the agencies with average total
consolidated assets of at least $10
billion, but less than $50 billion, to
report their company-run stress test
results. These reports collect
quantitative projections of balance sheet
assets and liabilities, income, losses,
and capital across three scenarios
(baseline, adverse, and severely adverse)
and qualitative information on
methodologies used to develop these
internal projections.
Data received in the agencies’ $10–
$50 billion annual Dodd-Frank Act
company-run stress test reports are used
in connection with supervision and
regulation of these institutions to form
supervisory assessments of the quality
of a company’s stress-testing process
and, overall, as part of the broader
assessment of a company’s capital
adequacy and risk management process.
Data collected in these reports provide
the agencies with one of many tools
available to examiners to assist in the
analysis and assessment of a company’s
capital position and planning process.
Current Actions
I. Discussion of Proposed FFIEC Report
Form
Each agency has issued rules
applicable to the banking organizations
it supervises with total consolidated
assets of at least $10 billion, but less
than $50 billion, that implement the
company-run stress testing requirement
promulgated by section 165(i)(2) of the
Dodd-Frank Act.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
1 12 CFR part 46 (OCC); 12 CFR part 252, subpart
B (Board); 12 CFR part 325, subpart C (FDIC).
2 12 CFR part 46 (OCC); 12 CFR part 252, subpart
B (Board); 12 CFR part 325, subpart C (FDIC).

PO 00000

Frm 00137

Fmt 4703

Sfmt 4703

46889

submission deadline for the report is the
following July 31.
Currently, the agencies maintain
separate, yet identical, report forms (FR
Y–16, FDIC DFAST 10–50, and OCC
DFAST 10–50B) for the banks, savings
associations, and holding companies
they supervise to report these companyrun stress test results. These annual
reports collect quantitative projections
of balance sheet assets and liabilities,
income, losses, and capital across a
range of macroeconomic and financial
scenarios as well as qualitative
supporting information on the
methodologies and processes used to
develop those internal projections. The
agencies are proposing to combine these
separate data collections and designate
the combined report as a uniform FFIEC
data collection. As part of their
proposed adoption of the new FFIEC
016 report, the agencies also are
proposing to change the quantitative
and qualitative information currently
collected in their separate, yet identical,
report forms to implement a limited
number of revisions that would align
the new report with recent burdenreducing changes to the FFIEC 031,
FFIEC 041, and the Board’s FR Y–9C.3
These revisions are not expected to
change the estimated reporting burden
for the proposed new FFIEC 016
compared to the estimated reporting
burden for the agencies’ existing stress
test report forms.
The following revisions to the FFIEC
031, FFIEC 041, and FR Y–9C (as
applicable) that took effect March 31,
2017, would affect the proposed FFIEC
016:
(1) On the FFIEC 031 and FFIEC 041
Schedule RI, Memorandum item 14.a,
and on the FR Y–9C Schedule HI,
Memorandum item 17(a), ‘‘Total otherthan-temporary impairment losses,’’ was
removed, but institutions continue to
report other-than-temporary impairment
losses recognized in earnings on the
FFIEC 031 and FFIEC 041 Schedule RI,
Memorandum item 14, and the FR Y–9C
Schedule HI, Memorandum item 17.
The agencies propose for the new FFIEC
016 report form and instructions to
replace line item 25, ‘‘Total other-thantemporary impairment losses,’’ on each
Income Statement scenario schedule
with ‘‘Other-than-temporary impairment
losses on held-to-maturity and
available-for-sale debt securities
3 FFIEC 031 and FFIEC 041 Consolidated Reports
of Condition and Income (OMB Control Nos.: OCC,
1557–0081; Board, 7100–0036; and FDIC, 3064–
0052): See 81 FR 45357 (July 13, 2016) and 82 FR
2444 (January 9, 2017); FR Y–9C Consolidated
Financial Statements for Holding Companies (OMB
Control No.: Board, 7100–0128): See 81 FR 62129
(September 8, 2016).

E:\FR\FM\06OCN1.SGM

06OCN1

asabaliauskas on DSKBBXCHB2PROD with NOTICES

46890

Federal Register / Vol. 82, No. 193 / Friday, October 6, 2017 / Notices

recognized in earnings’’ as defined in
FFIEC 031 and FFIEC 041 Schedule RI,
Memorandum item 14, and FR Y–9C
Schedule HI, Memorandum item 17.
(2) On the FFIEC 031 and FFIEC 041
Schedule RC–E, Part I, Memorandum
items 1.c.(1), ‘‘Brokered deposits of less
than $100,000,’’ and 1.c.(2), ‘‘Brokered
deposits of $100,000 through $250,000
and certain brokered retirement deposit
accounts,’’ were combined into a single
item, Memorandum item 1.c, ‘‘Brokered
deposits of $250,000 or less (fully
insured brokered deposits).’’ The
agencies propose for the new FFIEC 016
report form and instructions to align its
Balance Sheet line items 32 and 33 for
retail and wholesale funding
calculations, respectively, with the
updated FFIEC 031 and FFIEC 041
Schedule RC–E, Part I, Memorandum
item 1.c, ‘‘Brokered deposits of $250,000
or less (fully insured brokered
deposits).’’
(3) On Schedule RC–M of the FFIEC
031 and FFIEC 041, items for the
amount of loans covered by FDIC losssharing agreements in the following
loan categories were removed and
combined with existing Schedule RC–
M, item 13.a.(5), ‘‘All other loans and all
leases’’ covered by such agreements:
Item 13.a.(2), ‘‘Loans to finance
agricultural production and other loans
to farmers’’; item 13.a.(3), ‘‘Commercial
and industrial loans’’; item 13.a.(4)(a),
‘‘Credit cards’’; item 13.a.(4)(b),
‘‘Automobile loans’’; and item
13.a.(4)(c), ‘‘Other (includes revolving
credit plans other than credit cards, and
other consumer loans).’’ In order to keep
the data collection uniform and
comparable across types of reporting
institutions, the agencies propose for the
new FFIEC 016 report form and
instructions to discontinue the
deduction of loans covered by FDIC
loss-sharing agreements from each of the
loan categories collected in Balance
Sheet line items 1 through 13. In
addition, in the proposed new FFIEC
016 report form, existing Balance Sheet
line item 14, ‘‘Loans covered by FDIC
loss-sharing agreements,’’ will be
retained.
In addition, the agencies are
proposing to have reporting institutions
provide their LEI on the FFIEC 016
report form, if they have one. The LEI
is a 20-digit alpha-numeric code that
uniquely identifies entities that engage
in financial transactions. The recent
financial crisis spurred the development
of a Global LEI System (GLEIS).
Internationally, regulators and market
participants have recognized the
importance of the LEI as a key
improvement in financial data systems.
The Group of Twenty (G–20) nations

VerDate Sep<11>2014

18:40 Oct 05, 2017

Jkt 244001

directed the Financial Stability Board
(FSB) to lead the coordination of
international regulatory work and
deliver concrete recommendations on
the GLEIS by mid-2012, which in turn
were endorsed by the G–20 later that
same year. In January 2013, the LEI
Regulatory Oversight Committee (ROC),
including participation by regulators
from around the world, was established
to oversee the GLEIS on an interim
basis. With the establishment of the full
Global LEI Foundation in 2014, the ROC
continues to review and develop broad
policy standards for LEIs. The OCC, the
Board, and the FDIC are all members of
the ROC.
The LEI system is designed to
facilitate several financial stability
objectives, including the provision of
higher quality and more accurate
financial data. In the United States, the
Financial Stability Oversight Council
(FSOC) has recommended that
regulators and market participants
continue to work together to improve
the quality and comprehensiveness of
financial data both nationally and
globally. In this regard, the FSOC also
has recommended that its member
agencies promote the use of the LEI in
reporting requirements and
rulemakings, where appropriate.4
With respect to the FFIEC 016, the
agencies are proposing to have reporting
institutions provide their LEI on the
cover page of this new report once it is
implemented, if a reporting institution
has an LEI. A reporting institution that
does not have an LEI would not be
required to obtain one for purposes of
reporting it on the FFIEC 016.
The uniform FFIEC 016 report would
be collected through the application
currently used to collect the agencies’
separate stress test reporting forms, the
Federal Reserve’s Reporting Central
application. The agencies believe that
developing a uniform report under the
FFIEC reporting structure will promote
uniform standards and reporting across
the agencies, which is consistent with
the function of the FFIEC.5 The
proposed FFIEC 016 information
collection would satisfy each agency’s
company-run stress-testing
requirements, while ensuring
consistency and comparability of the
stress-testing information across
institutions. The change from three
separate agency-specific reports to an
interagency FFIEC report is expected to
be a seamless change for institutions
4 Financial

Stability Oversight Council 2015
Annual Report, page 14, http://www.treasury.gov/
initiatives/fsoc/studies-reports/Documents/
2015%20FSOC%20Annual%20Report.pdf.
5 See 12 U.S.C. 3305(c).

PO 00000

Frm 00138

Fmt 4703

Sfmt 4703

with $10 to $50 billion in assets
currently reporting annual Dodd-Frank
Act stress-testing information. The
change also would ensure that future
collections of this information remain
uniform across the agencies.
The proposed FFIEC 016 report form
would take effect as of December 31,
2017. The first annual filing deadline for
the FFIEC 016 report form would be July
31, 2018.
II. Request for Comment
Public comment is requested on all
aspects of this joint notice. Comments
are invited on:
(a) Whether the collections of
information that are the subject of this
notice are necessary for the proper
performance of the agencies’ functions,
including whether the information has
practical utility;
(b) The accuracy of the agencies’
estimates of the burden of the
information collections as they are
proposed to be revised, including the
validity of the methodology and
assumptions used;
(c) Ways to enhance the quality,
utility, and clarity of the information to
be collected;
(d) Ways to minimize the burden of
information collections on respondents,
including through the use of automated
collection techniques or other forms of
information technology; and
(e) Estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide the information.
Comments submitted in response to
the joint notice will be shared among
the agencies. All comments will become
a matter of public record.
Dated: October 2, 2017.
Karen Solomon,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
Board of Governors of the Federal Reserve
System, September 29, 2017.
Ann E. Misback,
Secretary of the Board.
Dated at Washington, DC, this 27th day of
September 2017.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2017–21571 Filed 10–5–17; 8:45 am]
BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P

DEPARTMENT OF THE TREASURY
Departmental Offices; Interest Rate
Paid on Cash Deposited To Secure
U.S. Immigration and Customs
Enforcement Immigration Bonds
AGENCY:

E:\FR\FM\06OCN1.SGM

Departmental Offices, Treasury.

06OCN1