The annual FR Y-16 collects quantitative projections of balance sheet, income, losses, and capital across three scenarios(baseline, adverse, and severely adverse) and qualitative information on methodologies used to develop these internal projections of capital across these scenarios. The FR Y-16 comprises three primary schedules: (1) Results Schedule, which includes the quantitative results of the stress tests under the baseline, adverse, and severely adverse scenarios for each quarter of the planning horizon--that is, aggregate losses, pre-provision net revenue, provision for loan and lease losses, net income, and pro forma capital ratios (including regulatory and any other capital ratios specified by the Board);(2) Scenario Variables Schedule; and (3) Contact Information Schedule.
The decrease in burden hours primarily reflects a significant decrease in the number of respondents related to the one-time implementation burden since most respondents have already implemented these reporting requirements. This decrease was slightly offset by an increase in the number of respondents related to the ongoing burden.
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 FR Y-16 FR Y-16 SMBs
FRY-16_201408016_83c.pdf
FR Y-16 One-Time Implementation