Stress Testing Recordkeeping and Reporting

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form DFAST 14A Scenario FDIC DFAST 14A Scenario	Form and Instruction	Modified	Available
Form DFAST 14A Summary FDIC DFAST 14A Summary	Form and Instruction	Modified	Available
SPST-0189 Stress Testing Recordkeeping and Reporting Section 401 EGRRCPA.doc	Supporting Statement A	Uploaded 2019-10-25	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
238264	Stress Testing Guidance (Non DFA) $10 Billion or More; Policies and Procedures	Other-Guidance	New
238255	Stress Testing Guidance (Non DFA) $10 Billion or More; Summary of Test Result	Other-Guidance	New
238254	Stress Testing Guidance (Non DFA) $10 Billion or More; Documentation of Assumptions, Uncertainties and Limitations	Other-Guidance	New
234729	Publication - Covered Banks $250 Billion or More		Modified
234728	Methodologies and Practices Covered Banks $250 Billion or More		Modified
205040	Annual Stress Test Reporting Template and Documentation for Covered Banks with Total Consolidated Assets of $250 Billion or More	Form and Instruction	Modified	FDIC DFAST 14A Scenario
205040	Annual Stress Test Reporting Template and Documentation for Covered Banks with Total Consolidated Assets of $250 Billion or More	Form and Instruction	Modified	FDIC DFAST 14A Summary

ICR Details

OMB Control No: 3064-0189	ICR Reference No: 201910-3064-005
Status: Historical Active	Previous ICR Reference No: 201901-3064-001
Agency/Subagency: FDIC	Agency Tracking No:
Title: Stress Testing Recordkeeping and Reporting
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/26/2019
Retrieve Notice of Action (NOA)	Date Received in OIRA: 10/25/2019
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2022	36 Months From Approved	03/31/2021
Responses	82	0	5
Time Burden (Hours)	4,340	0	5,200
Cost Burden (Dollars)	0	0	0

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Abstract: The Federal Deposit Insurance Corporation (FDIC) has issued a rule that revises the FDIC’s requirements for stress testing by FDIC-supervised institutions, consistent with changes made by Section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). Specifically, the rule amends the FDIC’s existing stress testing regulations at 12 CFR Part 325 to change the minimum threshold for applicability from $10 billion to $250 billion, revises the frequency of required stress tests by FDIC-supervised institutions, and reduces the number of required stress testing scenarios from three to two. The rule also makes certain conforming and technical changes that were previously included in an April 2019 notice of proposed rulemaking that was superseded, in part, by the enactment of EGRRCPA. On May 17, 2012, the OCC, along with the Federal Deposit Insurance Corporation (FDIC) and the Board of Governors of the Federal Reserve (FRB), published guidance on the use of stress testing as a means to better understand the range of a banking organization’s potential risk exposures. The guidance provides an overview of how a banking organization should structure its stress testing activities to ensure they fit into the banking organization’s overall risk management program. The purpose of the guidance is to outline broad principles for a satisfactory stress testing framework and describe the manner in which stress testing should be used, that is as an integral component of risk management applicable at various levels of aggregation within a banking organization as well as a tool for capital and liquidity planning. While the guidance is not intended to provide detailed instructions for conducting stress testing for any particular risk or business area, it does include descriptions of several types of stress testing activities and how they may be most appropriately used by banking organizations. The guidance also does not explicitly address the stress testing requirements imposed upon certain companies by section 165(i) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act).

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Authorizing Statute(s): Statute at Large: 132 Stat. 1296 Name of Statute: Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA)
  

Citations for New Statutory Requirements: Statute at Large: 132 Stat. 1296 Name of Statute: Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA)

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3064-AE84	Final or interim final rulemaking	84 FR 56929	10/24/2019

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 6

table that charts list of burden

IC Title	Form No.	Form Name
Annual Stress Test Reporting Template and Documentation for Covered Banks with Total Consolidated Assets of $250 Billion or More	DFAST 14A Scenario, DFAST 14A Summary	FDIC DFAST 14A Summary ,   FDIC DFAST 14A Scenario
Methodologies and Practices Covered Banks $250 Billion or More
Publication - Covered Banks $250 Billion or More
Stress Testing Guidance (Non DFA) $10 Billion or More; Documentation of Assumptions, Uncertainties and Limitations
Stress Testing Guidance (Non DFA) $10 Billion or More; Policies and Procedures
Stress Testing Guidance (Non DFA) $10 Billion or More; Summary of Test Result

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ICR Summary of Burden

table that charts list 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	82	5	-2	0	79	0
Annual Time Burden (Hours)	4,340	5,200	-4,160	0	3,300	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:

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Annual Cost to Federal Government:

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]? Yes

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: 10/25/2019

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