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Federal Register / Vol. 86, No. 17 / Thursday, January 28, 2021 / Notices 20219. In addition, copies of the templates referenced in this notice can be found on the OCCs website under News and Issuances http
www.occ.treas.gov/tools-forms/forms/
bank-operations/stress-testreporting.html.
SUPPLEMENTARY INFORMATION: The OCC
is requesting comment on the following revision to an approved information collection:
Title: Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of $250
Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
OMB Control No.: 15570319.
Description: Section 165i2 of the Dodd-Frank Wall Street Reform and Consumer Protection Act 2 Dodd-Frank Act requires certain financial companies, including national banks and federal savings associations, to conduct annual stress tests 3 and requires the primary financial regulatory agency 4 of those financial companies to issue regulations implementing the stress test requirements.5 Under section 165i2, a covered institution is required to submit to the Board of Governors of the Federal Reserve System Board and to its primary financial regulatory agency a report at such time, in such form, and containing such information as the primary financial regulatory agency may require.6
On October 9, 2012, the OCC
published in the Federal Register a final rule implementing the section 165i2
annual stress test requirement.7 This rule describes the reports and information collections required to meet the reporting requirements under section 165i2. These information collections will be given confidential treatment 5 U.S.C. 552b4 to the extent permitted by law.
In 2012, the OCC first implemented the reporting templates referenced in the final rule. See 77 FR 49485 August 16, 2012 and 77 FR 66663 November 6, 2012. The OCC uses the data collected to assess the reasonableness of the stress test results of covered institutions and to provide forwardlooking information to the OCC
regarding a covered institutions capital adequacy. The OCC also may use the 2 Public
Law 111203, 124 Stat. 1376, July 2010.
3 12 U.S.C. 5365i2A.
4 12 U.S.C. 530112.
5 12 U.S.C. 5365i2C.
6 12 U.S.C. 5365i2B.
7 77 FR 61238 October 9, 2012 codified at 12
CFR part 46.

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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 institution.
The stress test results are expected to support ongoing improvement in a covered institutions stress testing practices with respect to its internal assessments of capital adequacy and overall capital planning.
The OCC recognizes that many covered institutions with total consolidated assets of $250 billion or more are required to submit reports using Comprehensive Capital Analysis and Review CCAR reporting form FR
Y14A.8 The OCC also recognizes the Board has proposed and implemented modifications to the FR Y14A and, to the extent practical, the OCC will keep its reporting requirements consistent with the Boards FR Y14A in order to minimize burden on covered institutions.9 Therefore, the OCC is proposing to revise its reporting requirements to mirror the Boards FR
Y14A for covered institutions with total consolidated assets of $250 billion or more.
The OCCs proposed changes include updates to various schedules to reflect the adoption of the tailoring framework used to determine the applicability of regulatory capital requirements to large U.S. banking organizations.10 Other changes include removing the worksheet for reporting advanced approaches risk-weighted assets and the worksheet for reporting pre-provision net revenue PPNR metrics. as well as technical changes to various individual data items. The proposed changes to the OCCs reporting templates do not include data items in the FR Y14A
associated with several capital buffers related ratios, such as the Boards stress capital buffer requirement adopted in 2020.11 The proposal would remove the OCC Supplemental Schedule, which collects information not collected by the FR Y14A.
Type of Review: Revision.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents: 8.
Estimated Total Annual Burden:
4,212 hours.
The OCC believes that the systems covered institutions use to prepare the FR Y14 reporting templates to submit to the Board will also be used to prepare the reporting templates described in this 8 http www.federalreserve.gov/reportforms.
9 85 FR 56607 Sept. 14, 2020; 85 FR 63222 Oct.
7, 2020.
10 84 FR 59232 Nov. 1, 2019.
11 85 FR 15576 March 18, 2020.

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notice. Comments submitted in response to this notice will be summarized and included in the request for OMB approval. All comments will become a matter of public record.
Comments are invited on:
a Whether the collection of information is necessary for the proper performance of the functions of the OCC, including whether the information has practical utility;
b The accuracy of the OCCs estimate of the burden of the collection of information;
c Ways to enhance the quality, utility, and clarity of the information to be collected;
d Ways to minimize the burden of the collection on respondents, including through the use of automated collection techniques or other forms of information technology; and e Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.
Bao Nguyen, Principal Deputy Chief Counsel, Office of the Comptroller of the Currency.
FR Doc. 202101883 Filed 12721; 8:45 am BILLING CODE 481033P

DEPARTMENT OF THE TREASURY
Fiscal Service Bureau of the Fiscal Service Prompt Payment Interest Rate;
Contract Disputes Act Fiscal Service, Bureau of the Fiscal Service, Treasury.
ACTION: Notice of Prompt Payment Interest Rate; Contract Disputes Act.
AGENCY:

For the period beginning January 1, 2021, and ending on June 30, 2021, the prompt payment interest rate is 78 per centum per annum.
DATES: Applicable January 1, 2021, to June 30, 2021.
ADDRESSES: Comments or inquiries may be mailed to: E-Commerce Division, Bureau of the Fiscal Service, 401 14th Street SW, Room 306F, Washington, DC
20227. Comments or inquiries may also be emailed to PromptPayment@
fiscal.treasury.gov.
SUMMARY:

FOR FURTHER INFORMATION CONTACT:

Thomas M. Burnum, E-Commerce Division, 202 8746430; or Thomas Kearns, Senior Counsel, Office of the Chief Counsel, 202 8747036.
SUPPLEMENTARY INFORMATION: An agency that has acquired property or service from a business concern and has failed
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