[Federal Register Volume 80, Number 10 (Thursday, January 15, 2015)]
[Proposed Rules]
[Pages 2061-2062]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-00516]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

12 CFR Chapter I

[Docket ID FFIEC-2014-0001]

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

12 CFR Chapter II

[Docket No. OP-1491]

FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Chapter III


Regulatory Publication and Review Under the Economic Growth and 
Regulatory Paperwork Reduction Act of 1996

AGENCIES: Office of the Comptroller of the Currency (``OCC''), 
Treasury; Board of Governors of the Federal Reserve System (``Board''); 
and Federal Deposit Insurance Corporation (``FDIC'').

ACTION: Notice of outreach meeting.

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SUMMARY: The OCC, Board, and FDIC (``we'' or ``Agencies'') announce the 
second in a series of outreach meetings on the Agencies' interagency 
process to review their regulations under the Economic Growth and 
Regulatory Paperwork Reduction Act of 1996 (``EGRPRA'').

DATES: An outreach meeting will be held on Wednesday, February 4, 2015, 
beginning at 9:00 a.m. Central Standard Time (CST). Online 
registrations will be accepted through January 28, 2015, or until all 
seats are filled, whichever is earlier. If seats are available, 
individuals may register in person at the Federal Reserve Bank of 
Dallas on the day of the meeting. Additional outreach meetings are 
scheduled for Boston on May 4, 2015; Chicago on October 19, 2015; and 
Washington, DC, on December 2, 2015. The Agencies also plan to hold an 
outreach meeting this summer that will focus on rural banks.

ADDRESSES: The Agencies will hold the February 4, 2015, outreach 
meeting at the Federal Reserve Bank of Dallas, 2200 N. Pearl St., 
Dallas, Texas 75201. Live video of this meeting will be streamed at 
http://egrpra.ffiec.gov/. All Dallas participants should register at 
http://egrpra.ffiec.gov/outreach/outreach-index.html. Any interested 
individual may submit comments through the EGRPRA Web site during open 
comment periods at: http://egrpra.ffiec.gov/submit-comment/submit-comment-index.html.

FOR FURTHER INFORMATION CONTACT:
    OCC: Heidi M. Thomas, Special Counsel, (202) 649-5490; for persons 
who are deaf or hard of hearing, TTY (202) 649-5597.
    Board: Claudia Von Pervieux, Counsel, (202) 452-2552; for persons 
who are deaf or hard of hearing, TTY (202) 263-4869.
    FDIC: Ruth R. Amberg, Assistant General Counsel, (202) 898-3736; 
for persons who are deaf or hard of hearing, TTY 1-800-925-4618.

SUPPLEMENTARY INFORMATION: EGRPRA \1\ directs the Agencies, along with 
the Federal Financial Institutions Examination Council (Council), not 
less frequently than once every ten years, to conduct a review of their 
regulations to identify outdated or otherwise unnecessary regulations. 
The Agencies are holding a series of at least five outreach meetings to 
provide an opportunity for bankers, consumer and community groups, and 
other interested persons to present their views directly to senior 
management and staff of the Agencies on any of 12 specific categories 
of regulations, as further described below. The Agencies held the first 
of these outreach meetings on December 2, 2014, in Los Angeles, 
California.\2\
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    \1\ Public Law 104-208 (1996), 110 Stat. 3009-414, codified at 
12 U.S.C. 3311.
    \2\ A taped video of this outreach meeting is available on the 
EGRPRA Web site at http://egrpra.ffiec.gov/outreach/outreach-index.html.
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    The second outreach meeting will be held on February 4, 2015, in 
Dallas, Texas. Senior agency staff from the OCC, FDIC and Board are 
scheduled to attend. Video of this meeting will be streamed live at 
http://egrpra.ffiec.gov/. The meeting will consist of panels of bankers 
and consumer and community groups who will present particular issues. 
There will be limited time after each panel for comments from meeting 
attendees. In addition, there will be a session at the end of the 
meeting during which audience members may present views on any of the 
regulations under review. The Agencies reserve the right to limit the 
time of individual commenters, if needed, in order to accommodate the 
number of persons desiring to speak.
    Comments made by panelists and audience members at this meeting 
will be reflected in the public comment file. Audience members who do 
not wish to comment orally may submit written comments at the meeting. 
In addition, any interested individual may submit comments through the 
EGRPRA Web

[[Page 2062]]

site during open comment periods at: http://egrpra.ffiec.gov/submit-comment/submit-comment-index.html. Further outreach meetings are 
scheduled for Boston on May 4, 2015; Chicago on October 19, 2015; and 
Washington, DC, on December 2, 2015. The Agencies also plan to hold an 
outreach meeting this summer that will focus on rural banks.
    All participants should register for the Dallas outreach meeting at 
http://egrpra.ffiec.gov/outreach/outreach-index.html. Because of space 
constraints, on-site attendance will be limited. Online registrations 
will be accepted through January 28, 2015, or until all seats are 
filled, whichever is earlier. If seats are available, individuals may 
register in person at the Federal Reserve Bank of Dallas on the day of 
the meeting. Registration is not required to view the live-stream 
broadcast.
    Further details about the first outreach meeting, including the 
agenda, are published on the EGRPRA Web site at http://egrpra.ffiec.gov/outreach/outreach-index.html.

Additional Background on EGRPRA

    Section 2222 of EGRPRA directs the Agencies, along with the 
Council, to conduct a review of their regulations not less frequently 
than once every ten years to identify outdated or otherwise unnecessary 
regulatory requirements imposed on insured depository institutions. In 
conducting this review, the Agencies are required to categorize their 
regulations by type and, at regular intervals, provide notice and 
solicit public comment on categories of regulations, requesting 
commenters to identify areas of regulations that are outdated, 
unnecessary, or unduly burdensome. The statute requires the Agencies to 
publish in the Federal Register a summary of the comments received, 
identifying significant issues raised and commenting on these issues. 
The statute also directs the Agencies to eliminate unnecessary 
regulations to the extent that such action is appropriate. Finally, 
section 2222 requires the Council, of which the Agencies are members, 
to submit a report to Congress that summarizes any significant issues 
raised in the public comments and the relative merits of such issues. 
The report also must include an analysis of whether the Agencies are 
able to address the regulatory burdens associated with such issues by 
regulation or whether these burdens must be addressed by legislative 
action.
    For purposes of this review, the Agencies have grouped our combined 
regulations into 12 categories: Applications and Reporting; Banking 
Operations; Capital; Community Reinvestment Act; Consumer Protection; 
Directors, Officers and Employees; International Operations; Money 
Laundering; Powers and Activities; Rules of Procedure; Safety and 
Soundness; and Securities. On June 4, 2014, we published a Federal 
Register notice asking for public comment on three of these 
categories--Applications and Reporting, Powers and Activities, and 
International Operations regulations.\3\ We also published a chart 
listing all of the regulations included in the EGRPRA review. Over the 
next year, we will publish additional notices, seeking comment on the 
remaining categories.
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    \3\ 79 FR 32172.

    Dated: January 8, 2015.
Thomas J. Curry,
Comptroller of the Currency.

    By order of the Board of Governors of the Federal Reserve 
System, January 9, 2015.
Robert deV. Frierson,
Secretary of the Board.

    Dated: January 8, 2015.

Federal Deposit Insurance Corporation by,
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2015-00516 Filed 1-14-15; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P