''Annual Stress Test Reporting Template and Documentation for Covered Banks with Total Consolidated Assets of $50 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act.''
ICR 201212-3064-002 · OMB 3064-0189 · Historical Active
⚠️ Notice: This information collection may be outdated. More recent filings for OMB 3064-0189 can be found here:
''Annual Stress Test Reporting Template and Documentation for Covered Banks with Total Consolidated Assets of $50 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act.''
New collection (Request for a new OMB Control Number)
On November 26, 2012, after the annual stress test rule was finalized, the FDIC, in coordination with the other Federal banking agencies, published for comment separately a notice of information collection describing the new versions of the proposed required reports for covered banks with total consolidated assets of $50 billion or more. These reporting templates are almost identical to those described in the OCC's related information collection (77 FR 66663). There are no substantive differences between the FDIC's and the OCC's templates; only the names of the agencies were changed. The FDIC expects to consolidate the new information collection requirements contained in reporting templates for covered banks with total consolidation assets of $50 billion or more with the information collection requirements contained in the final rule.
The FDIC intends to use the data collected through these templates to assess the reasonableness of the stress test results of covered banks and to provide forward-looking information to the FDIC regarding a covered bank's capital adequacy. The FDIC also may use the results of the stress tests to determine whether additional analytical techniques and exercises could be appropriate to identify, measure, and monitor risks at the covered bank. The stress test results are expected to support ongoing improvement in a covered bank's stress testing practices with respect to its internal assessments of capital adequacy and overall capital planning.
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.
Form FDIC DFAST-14A "Annual Stress Test Reporting Template and Documentation for Covered Banks with Total Consolidated Assets of $50 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act.''
Supporting Statement for $50B Templates Info Collection 12-12-12 Final.doc
"Annual Stress Test Reporting Template and Documentation for Covered Banks with Total Consolidated Assets of $50 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act.''