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May 02, 2018

FED published OMB supporting statement for Call Reports FFIEC 031, FFIEC 041, and FFIEC 051, in addition to the supporting statement for FFIEC 016, which is the Annual Dodd-Frank Act Company-Run Stress Test Report for depository institutions and holding companies with USD 10 to USD 50 billion in consolidated assets.

FED requests approval from OMB to extend for three years, with revision, the Call Reports FFIEC 031, FFIEC 041, and FFIEC 051. These data are required from state member banks and are filed quarterly. The revisions to the Call Reports that are the subject of the request have been approved by FFIEC. State member banks are required to file both detailed schedules of assets, liabilities, and capital accounts in the form of a condition report and summary statement as well as detailed schedules of operating income and expense, sources and disposition of income, and changes in equity capital.

Additionally, FED requests approval from OMB to extend for three years, with revision, the mandatory FFIEC 016. The FFIEC 016 would replace FED’s FR Y-16, which it currently uses to collect the annual company-run stress test results. FR Y-16 is the Annual Company-Run Stress Test Report for state member banks, bank holding companies, and savings and loan holding companies with total consolidated assets greater than USD 10 billion and less than USD 50 billion. The revisions to the FFIEC 016 that are the subject of the request have been approved by FFIEC. The annual FFIEC 016 report collects quantitative projections of revenues, losses, assets, liabilities, and capital across three scenarios provided by FED (baseline, adverse, and severely adverse), along with the qualitative supporting information on the methodologies and processes used to develop these internal projections.

 

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Keywords: Americas, US, Banking, Stress Testing, Dodd Frank Act, Call Reports, FFIEC 016, FR Y-16, DFAST, FED

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