Annual Stress Test Rule and Company-Run Annual Stress Test Reporting Templates

Forms and Documents

Document Name	Status
Form FFIEC 016 FFIEC 016 Scenario Variables Template Form	Removed
Form FFIEC 016 FFIEC 016 Results Template Form	Removed
Removal of FFIEC 016 Supporting Statement (3).docx Supporting Statement A	2018-10-15

IC Document Collections

IC ID	Document Title	Status
208900	FFIEC 016 Scenario Variables Template Form	Removed
208899	FFIEC 016 Results Template Form	Removed
200037	Publication - Final Rule	Unchanged
200036	Reporting - Final Rule	Unchanged
200035	Methodologies and Practices - Final Rule	Unchanged

ICR Details

OMB Control No: 1557-0311	ICR Reference No: 201810-1557-004
Status: Historical Active	Previous ICR Reference No: 201802-1557-002
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: Annual Stress Test Rule and Company-Run Annual Stress Test Reporting Templates
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 10/29/2018
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/16/2018
	Date Received in OIRA: 10/15/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2019	6 Months From Approved	03/31/2021
Responses	183	0	327
Time Burden (Hours)	63,440	0	80,324
Cost Burden (Dollars)	0	0	0

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Abstract: Section 165(i)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection 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. This collection of information currently encompasses information collection requirements contained in the OCC’s annual stress testing rule and its stress testing templates for covered institutions with $10-50 billion in total consolidated assets (FFIEC 016). Through this ICR, the templates for institutions with total consolidated assets of $10 billion to $50 billion, FFIEC 016, are being removed. Due to the change in threshold requiring stress testing under section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act, stress testing is no longer required for institutions with $10-$50 billion in total consolidated assets. Therefore, we are removing the two ICs relating to the FFIEC 016.

Emergency Justfication: Due to the change in threshold requiring stress testing under section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act, stress testing is no longer required for institutions with $10-$50 billion in total consolidated assets. Therefore, we are removing the two ICs relating to the FFIEC 016.

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Authorizing Statute(s): PL: Pub.L. 111 - 203 165(i) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  

Citations for New Statutory Requirements: PL: Pub.L. 115 - 174 401 Name of Law: Economic Growth, Regulatory Relief, and Consumer Protection Act

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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

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
FFIEC 016 Results Template	FFIEC 016	Annual Dodd-Frank Act Company-Run Stress Test Report for Depository Institutions and Holding Companies with $10-50 Billion in Total Consolidated Assets
Reporting - Final Rule
Methodologies and Practices - Final Rule
Publication - Final Rule
FFIEC 016 Scenario Variables Template	FFIEC 016	Annual Dodd-Frank Company-Run Stress Test Report for Depository Institutions and Holding Companies with $10-50 in Total Consolidated Assets

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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	183	327	-144	0	0	0
Annual Time Burden (Hours)	63,440	80,324	-16,884	0	0	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: The reduction in burden is due to the removal of the FFIEC 016.

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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]? No

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: 10/15/2018

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