Capital Assessments and Stress Testing Reports

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form FR Y-14A/Q/M Attestation Cover Page (Annual)	Form	Unchanged	Available
Form FR Y-14A/Q/M Attestation Cover Page	Form	Unchanged	Available
Form FR Y-14M Capital Assessments and Stress Testing (Monthly)	Form and Instruction	Modified	Available
Form FR Y-14Q Capital Assessments and Stress Testing (Quarterly)	Form	Modified	Available
Form FR Y-14A Capital Assessments and Stress Testing (Annual)	Form	Modified	Available
FRY14_20211117_omb.pdf	Supporting Statement A	Uploaded 2021-11-17	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
219630	Attestation ongoing	Form	Unchanged	Attestation Cover Page (Annual)
219630	Attestation ongoing	Form	Unchanged	Attestation Cover Page
204375	Ongoing automation revisions		Unchanged
200196	FR Y-14M	Form and Instruction	Modified	Capital Assessments and Stress Testing (Monthly)
200196	FR Y-14M	Other-Draft Instructions	Modified
200195	FR Y-14Q	Form	Modified	Capital Assessments and Stress Testing (Quarterly)
200195	FR Y-14Q	Instruction	Modified
200193	FR Y-14A	Form	Modified	Capital Assessments and Stress Testing (Annual)
200193	FR Y-14A	Instruction	Modified

ICR Details

OMB Control No: 7100-0341	ICR Reference No: 202108-7100-007
Status: Historical Active	Previous ICR Reference No: 202103-7100-001
Agency/Subagency: FRS	Agency Tracking No: FR Y-14
Title: Capital Assessments and Stress Testing Reports
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/17/2021
Retrieve Notice of Action (NOA)	Date Received in OIRA: 11/17/2021
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2024	08/31/2024	08/31/2024
Responses	637	0	637
Time Burden (Hours)	853,948	0	847,864
Cost Burden (Dollars)	0	0	0

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Abstract: 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 (FR Y-14 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.

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Authorizing Statute(s): 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
   US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act of 1956
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
7100-AF95	Final or interim final rulemaking	86 FR 7927	02/03/2021

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 63222	10/07/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 7927	02/03/2021
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 5

table that charts list of burden

IC Title	Form No.	Form Name
Attestation ongoing	FR Y-14A/Q/M, FR Y-14A/Q/M	Attestation Cover Page ,   Attestation Cover Page (Annual)
FR Y-14A	FR Y-14A	Capital Assessments and Stress Testing (Annual)
FR Y-14M	FR Y-14M	Capital Assessments and Stress Testing (Monthly)
FR Y-14Q	FR Y-14Q	Capital Assessments and Stress Testing (Quarterly)
Ongoing automation revisions

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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	637	637	0	0	0	0
Annual Time Burden (Hours)	853,948	847,864	0	6,084	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The estimated total annual burden for the FR Y-14 reports is 847,864 hours, and would increase to 853,948 hours as a result of the revisions. The Board estimates that the average hours per response for the FR Y-14A would increase from 1,186 hours to 1,355 hours.

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Annual Cost to Federal Government: $2,677,200

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.     Yes

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? No

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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: 11/17/2021

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