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Federal Register / Vol. 86, No. 43 / Monday, March 8, 2021 / Notices Estimated average hours per response:
180.
Estimated annual burden hours:
18,000.
General description of report: On May 17, 2012, the Board published the Supervisory Guidance on Stress Testing for Banking Organizations With More Than $10 Billion in Total Consolidated Assets Stress Testing Guidance in the Federal Register.2 The Stress Testing Guidance outlines high-level principles for stress testing practices applicable to all Board-supervised banking organizations with more than $10
billion in total consolidated assets.3
The Stress Testing Guidance recommends that banking organizations i have a stress testing framework that includes clearly defined objectives, well-designed scenarios tailored to the banking organizations business and risks, well-documented assumptions, conceptually sound methodologies to assess potential impact on the banking organizations financial condition, informative management reports, and recommended actions based on stress test results; and ii have policies and procedures for a stress testing framework. These recordkeeping activities are collections of information under the PRA.
An organization should have written policies, approved and annually reviewed by the board, that direct and govern the implementation of the stress testing framework in a comprehensive manner. Policies, along with procedures to implement them, should describe the overall purpose of stress testing activities;
articulate consistent and sufficiently rigorous stress testing practices across the entire organization;
indicate stress testing roles and responsibilities, including controls over external resources used for any part of stress testing such as vendors and data providers;
describe the frequency and priority with which stress testing activities should be conducted;
indicate how stress test results are used and by whom, and be reviewed and updated as necessary to ensure that stress testing practices remain appropriate and keep up to date with changes in market conditions, organization products and
strategies, organization exposures and activities, the organizations established risk appetite, and industry stress testing practices.
Legal authorization and confidentiality: This voluntary information collection is authorized pursuant to section 11 of the Federal Reserve Act, 12 U.S.C. 248 state member banks; sections 25 and 25A of the Federal Reserve Act, 12 U.S.C. 602
and 625 Edge and Agreement corporations; section 5 of the Bank Holding Company Act of 1956, 12
U.S.C. 1844 bank holding companies and, in conjunction with section 8 of the International Banking Act, 12 U.S.C.
3106 foreign banking organizations;
section 7c of the International Banking Act of 1978, 12 U.S.C. 3105c branches and agencies of foreign banks; section 10 of the Home Owners Loan Act, 12
U.S.C. 1467a, savings and loan holding companies, and section 165i of the Dodd-Frank Wall Street Reform and Consumer Protection Act, 12 U.S.C.
5365 nonbank financial companies supervised by the Board.
Because the collections of information associated with the FR 4202 do not involve the submission of information to the Board, no issues of confidentiality would normally arise. To the extent that the Board collects such information during an examination of the banking organization, confidential treatment may be afforded to that information under exemption 8 of the Freedom of Information Act FOIA 5 U.S.C.
552b8, which protects information collected as part of the Boards supervisory process. Additionally, individual respondents may request confidential treatment of information pursuant to exemption 4 of the FOIA 5
U.S.C. 552b4, which protects trade secrets and commercial or financial information obtained from a person that is privileged or confidential. The Board will treat such information as confidential to the extent permitted by law, including the FOIA.
Board of Governors of the Federal Reserve System, March 3, 2021.
Michele Taylor Fennell, Deputy Associate Secretary of the Board.
FR Doc. 202104762 Filed 3521; 8:45 am BILLING CODE 621001P

FEDERAL RESERVE SYSTEM
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FR 29458. The Stress Testing Guidance was issued jointly by the Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency.
3 Board-supervised banking organizations include state member banks, bank holding companies, savings and loan holding companies, and all other institutions for which the Board is the primary federal supervisor.

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Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
Board of Governors of the Federal Reserve System.

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The Board of Governors of the Federal Reserve System Board is adopting a proposal to extend for three years, with revision, the GovernmentAdministered, General-Use Prepaid Card Surveys FR 3063; OMB No. 7100
0343. The revisions are applicable as of the data collection administered during the first half of 2021.
FOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance OfficerNuha ElmaghrabiOffice of the Chief Data Officer, Board of Governors of the Federal Reserve System, Washington, DC 20551, 202
4523829.
Office of Management and Budget OMB Desk OfficerShagufta Ahmed Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235, 725 17th Street NW, Washington, DC 20503, or by fax to 202 3956974.
SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board authority under the PRA to approve and assign OMB control numbers to collections of information conducted or sponsored by the Board. Boardapproved collections of information are incorporated into the official OMB
inventory of currently approved collections of information. The OMB
inventory, as well as copies of the PRA
Submission, supporting statements, and approved collection of information instruments are available at https
www.reginfo.gov/public/do/PRAMain.
These documents are also available on the Federal Reserve Boards public website at https
www.federalreserve.gov/apps/
reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears above.
Final Approval Under OMB Delegated Authority of the Extension for Three Years, With Revision, of the Following Information Collection:
Report title: GovernmentAdministered, General-Use Prepaid Card Surveys.
Agency form number: FR 3063.
OMB control number: 71000343.
Effective Date: As of the data collection administered during the first half of 2021.
Frequency: Annually.
Respondents: Depository institutions that administer general-use prepaid cards.
Estimated number of respondents: 15.
Estimated average hours per response:
10.
Estimated annual burden hours: 150.
General description of report: The issuer survey FR 3063a collects data SUMMARY:

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