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Federal Register / Vol. 86, No. 21 / Wednesday, February 3, 2021 / Rules and Regulations applicable Category standards to largely submit the same FR Y14A information.
These revisions are effective for the December 31, 2021, as of date.
Other Revisions As previously mentioned, the Board has replaced the current definition of large and noncomplex bank holding company in the capital plan rule with the definition of a firm subject to Category IV standards. Therefore, the Board has made this change across the FR Y14A/Q/M reports. In addition, to more accurately reflect the types of firms subject to the stress test reporting requirements, the Board has renamed the BHC baseline scenario and BHC
stress scenario to Internal baseline scenario and Internal stress scenario, respectively. These revisions are effective for the December 31, 2020, as of date.
2 Report title: Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation LL.
Agency form number: FR LL.
OMB control number: 71000380.
Frequency: Biennial, annual.
Affected Public: Businesses or other for-profit.
Respondents: Savings and loan holding companies.
Estimated number of respondents: 1.
Estimated average hours per response:
Reporting Section 238.132c2ii0.25, Section 238.162b1ii80, Section 238.170e1ii80, Section 238.170e31,005, Section 238.170e4100, Section 238.170h2iiB2, Section 238.170i16, Section 238.170j1 and 2100, Section 238.170j416, Recordkeeping Section 238.170e1i8,920, Section 238.170e1iii100, Disclosure Section 238.146 initial setup150, Section 238.14660.
Estimated annual burden hours:

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Reporting Section 238.132c2ii0, Section 238.162b1ii40, Section 238.170e1ii80, Section 238.170e31,005, Section 238.170e4100, Section 238.170h2iiB2, Section 238.170i16, Section 238.170j1 and 2100, Section 238.170j416, Recordkeeping Section 238.170e1i8,920,
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Section 238.170e1iii100, Disclosure Section 238.146 initial setup75, Section 238.14630.
Legal authorization and confidentiality: This information collection is authorized by section 10 of the Home Owners Loan Act HOLA
and section 165i2 of the Dodd-Frank Act. The obligation of covered institutions to report this information is mandatory. This information would be disclosed publicly and, as a result, no issue of confidentiality is raised.
Current Actions: The final rule includes amendments to 238.146 of Regulation LL meant to ensure that certain savings and loan holding companies are required to publicly disclose their stress tests results. Under the final rule, a covered savings and loan holding company that is subject to a supervisory stress test under 238.132
of Regulation LL is required to publicly disclose a summary of the results of the stress test required under 238.143 of Regulation LL within the period that is 15 calendar days after the Board publicly discloses the results of its supervisory stress test of the covered company pursuant to 238.134 of Regulation LL, unless that time is extended by the Board in writing, while a covered savings and loan holding company that is not subject to a supervisory stress test under 238.132
of Regulation LL is required to publicly disclose a summary of the results of the stress test required under 238.143 of Regulation LL in the period beginning on June 15 and ending on June 30 in the year in which the stress test is conducted, unless that time is extended by the Board in writing.
Additionally, the final rule applies capital planning and stress capital buffer requirements to covered savings and loan holding companies subject to Category II, III, or IV standards. These savings and loan holding companies will be required to submit capital plans to the Board on an annual basis, and to request prior approval from the Board under certain circumstances before making a capital distribution.
The Board also has revised Regulation LL to permit a savings and loan holding company subject to Category IV
standards to elect to participate in the supervisory stress test in a year in which the firm would not normally be subject to the supervisory stress test. To ensure the Board is provided sufficient notice that the firm is participating in the supervisory stress test, the firm would need to make its election by January 15 of the year in which it seeks to opt in to the supervisory stress test
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by providing written notice to the Board and appropriate Federal Reserve Bank.
3 Report title: Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation YY Enhanced Prudential Standards.
Agency Form Number: FR YY.
OMB Control Number: 71000350.
Frequency: Annual, semiannual, quarterly.
Affected Public: Businesses or other for-profit.
Respondents: State member banks, U.S. bank holding companies, nonbank financial companies, foreign banking organizations, U.S. intermediate holding companies, foreign saving and loan holding companies, and foreign nonbank financial companies supervised by the Board.
Estimated number of respondents: 23
U.S. bank holding companies with total consolidated assets of $100 billion or more, 4 U.S. bank holding companies with total consolidated assets of $50
billion or more but less than $100
billion, 1 state member bank with total consolidated assets over $250 billion, 11
U.S. intermediate holding companies with $100 billion or more in total assets, 23 foreign banking organizations with total consolidated assets of more than $50 billion but less than $100 billion; 23
foreign banking organizations with total consolidated assets of $100 billion or more but combined U.S. operations of at least $50 billion but less than $100
billion; 17 foreign banking organizations with total consolidated assets of $100
billion or more and combined U.S.
operations of $100 billion or more.
Estimated annual burden hours:
27,752 hours.
General description of report: Section 165 of the Dodd-Frank Act, as amended by EGRRCPA, requires the Board to implement enhanced prudential standards for bank holding companies and foreign banking organizations with total consolidated assets of $250 billion or more, and provides the Board with discretion to apply enhanced prudential standards to certain bank holding companies and foreign banking organizations with $100 billion or more, but less than $250 billion, in total consolidated assets. The enhanced prudential standards include risk-based and leverage capital requirements, liquidity standards, requirements for overall risk management including establishing a risk committee, stress test requirements, and debt-to-equity limits for companies that the Financial Stability Oversight Council has determined pose a grave threat to financial stability.

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