[Federal Register Volume 77, Number 82 (Friday, April 27, 2012)]
[Notices]
[Pages 25168-25169]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-10129]


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FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL

[Docket No. AS12-07]


Appraisal Subcommittee (ASC); ASC Rules of Operation; Amended

AGENCY: Appraisal Subcommittee of the Federal Financial Institutions 
Examination Council.

ACTION: Notice of amendment to the ASC Rules of Operation by vote of 
the ASC at its April 11, 2012 meeting.

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[[Page 25169]]

SUMMARY: The ASC of the Federal Financial Institutions Examination 
Council (FFIEC) amended the following sections of the ASC Rules of 
Operation:
    1. Section 3.04.a to provide for selection of a Vice Chairperson by 
ASC members with the Vice Chairperson's term of office running 
concurrently with the Chairperson's term;
    2. Section 1.02(8) to define ``Vice Chairperson'' consistent with 
section 3.04.a; and
    3. As a technical correction, Section 1.02(3) to remove the 
reference to the Office of Thrift Supervision (which became part of the 
Office of the Comptroller of the Currency July 21, 2011).
    4. The definition of ``member agency'' footnotes the amendment to 
section 1011 of the Federal Financial Institutions Examination Council 
Act by the Dodd-Frank Act to include designees of the heads of the 
Bureau of Consumer Financial Protection and the Federal Housing Finance 
Agency.
    The ASC Rules of Operation serve as corporate bylaws outlining the 
ASC's purpose, functions, authority, organization and operation.

SUPPLEMENTARY INFORMATION: The ASC was established by Section 1102 (12 
U.S.C. 3310) of Title XI of the Financial Institutions Reform, 
Recovery, and Enforcement Act of 1989 (Title XI). The Dodd-Frank Wall 
Street Reform and Consumer Protection Act of 2010 amended numerous 
provisions in Title XI. The ASC Rules of Operation serve as corporate 
bylaws outlining the ASC's purpose, functions, authority, organization 
and operation.

DATES: Effective Date: Immediately.

FOR FURTHER INFORMATION CONTACT: James R. Park, Executive Director, at 
(202) 595-7575, or Alice M. Ritter, General Counsel, at (202) 595-7577, 
via Internet email at [email protected] and [email protected], respectively, or 
by U.S. Mail at Appraisal Subcommittee, 1401 H Street NW., Suite 760, 
Washington, DC 20005.
* * * * *

    By the Appraisal Subcommittee.

    Dated: April 23, 2012.
Peter Gillispie,
Chairman.
[FR Doc. 2012-10129 Filed 4-26-12; 8:45 am]
BILLING CODE 6700-01-P