Capital Assessments and Stress Testing Reports

ICR 202009-7100-006

OMB: 7100-0341

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Unchanged
Form and Instruction
Unchanged
Form
Unchanged
Form
Modified
Supporting Statement A
2020-11-03
IC Document Collections
IC ID
Document
Title
Status
243838
New
219630 Unchanged
204375
Unchanged
200196 Unchanged
200195 Unchanged
200193 Modified
ICR Details
7100-0341 202009-7100-006
Active 202009-7100-004
FRS FR Y-14
Capital Assessments and Stress Testing Reports
Revision of a currently approved collection   No
Emergency 11/03/2020
Approved without change 11/09/2020
Retrieve Notice of Action (NOA) 11/03/2020
  Inventory as of this Action Requested Previously Approved
05/31/2021 6 Months From Approved 09/30/2023
673 0 637
858,799 0 838,216
0 0 0

The Capital Assessments and Stress Testing Reports (FR Y-14A/Q/M) are currently applicable to top-tier U.S. bank holding companies (BHCs) and U.S. intermediate holding companies of foreign banking organizations (IHCs) with $100 billion or more in total consolidated assets. Covered savings and loan holding companies (SLHCs) (collectively with BHCs, IHCs, and SLHCs, holding companies) with $100 billion or more in total consolidated assets became respondents to the FR Y-14Q and FR Y-14M effective June 30, 2020, and will become respondents to the FR Y 14A effective December 31, 2021. The FR Y-14A, FR Y-14Q, and FR Y-14M reports are used to support the Board’s Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act Stress Test (DFAST) exercises and supervisory stress test models, and also are used in connection with the supervision and regulation of these financial institutions.
The delegation of authority to the Board from OMB that permits the Board to approve collections of information under the Paperwork Reduction Act includes the authority to temporarily approve a collection of information without seeking public comment. To exercise this authority, the Board must determine that a new collection of information or a change to an existing collection must be instituted quickly and that public participation in the approval process would substantially interfere with the Board’s ability to perform its statutory obligation. Following the temporary approval of an information collection, the Board must conduct a normal delegated review of the collection within six months, including publishing in the Federal Register a notice seeking public comment. The Board has temporarily revised the FR Y-14A/Q/M reports to implement changes necessary to conduct stressed analyses in connection with the resubmission of firms’ capital plans, including consideration of the global market shock (GMS) component, using data as of June 30, 2020.

US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 5365(i) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 1467a(b) Name of Law: Home Owners’ Loan Act
   US Code: 12 USC 1844 Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 5311(a)(1) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 5365 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  
None

Not associated with rulemaking

No

  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 673 637 0 36 0 0
Annual Time Burden (Hours) 858,799 838,216 0 20,583 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
The estimated total annual burden for the FR Y-14 is 838,216 hours, and would increase to 858,799 hours as a result of these temporary revisions.

$2,677,200
No
    Yes
    No
No
No
No
Yes
Richard Palmer 202 502-8438 [email protected]

  No

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.
11/03/2020


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