Stress-test template under review at OCC, comments sought

A revised template for company-run stress tests by national banks and federal savings associations with consolidated assets of $100 billion or more, reflecting an asset threshold provision of this year’s regulatory relief law, is under review by the Office of the Comptroller of the Currency (OCC).

The review of the “Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of $100 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act,” is detailed in a Federal Register notice and out for public comment until Dec. 31.

OCC says the proposed changes include changes to accommodate the revised asset threshold necessitated by the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) and would remove the Retail Repurchase worksheet and various clarifications in the instructions.

Noting that many covered institutions are required to submit the Comprehensive Capital Analysis and Review (CCAR) reporting form, Form FR Y-14A, OCC says it is, “to the extent practical,” seeking to mirror changes the Federal Reserve Board is considering for that form to minimize burden on institutions. “Therefore, the OCC is proposing to revise its reporting requirements to mirror the Board’s proposed FR Y-14A for covered institutions with total consolidated assets of $100 billion or more,” according to the notice.

“In addition to the changes that parallel the Board’s proposed changes to the FR Y-14A, the OCC is also proposing to remove or modify certain items on the OCC supplemental schedule, which collects additional information not included in the FR Y-14A,” it says.

The banking regulator estimates that 23 institutions will complete the reports, for a total estimated annual burden of 16,466 hours.

Agency Information Collection Activities: Revision of an Approved Information Collection; Comment Request; Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of $100 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act