[Federal Register Volume 80, Number 108 (Friday, June 5, 2015)]
[Proposed Rules]
[Pages 32046-32055]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-13749]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

12 CFR Chapter I

[Docket ID FFIEC-2014-0001]

 FEDERAL RESERVE SYSTEM

12 CFR Chapter II

[Docket No. R-1510]

FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Chapter III


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

AGENCY: 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 regulatory review; request for comments.

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SUMMARY: The OCC, Board, and FDIC (each an ``Agency''; together ``we'' 
or ``Agencies'') are conducting a review of the regulations we have 
issued in order to identify outdated or otherwise unnecessary 
regulatory requirements imposed on insured depository institutions, as 
required by the Economic Growth and Regulatory Paperwork Reduction Act 
of 1996 (EGRPRA). EGRPRA requires the Agencies to organize the 
regulations into categories and publish groups of categories for 
comment. In this notice, the Agencies are seeking public comment on 
regulations in the following categories: Consumer Protection; 
Directors, Officers and Employees; and Money Laundering.
    In addition, in order to be as inclusive as possible, the Agencies 
are expanding the scope of the EGRPRA review to include newly issued 
rules. The Agencies will solicit comment on all rules finalized by the 
Agencies before the publication of the last EGRPRA notice in the 
series, which we intend to publish by the end of this year. We have 
included with today's notice a chart that lists additional rules in 
their respective categories, to which we will add any other rules 
issued prior to the final EGRPRA notice. The public also may comment on 
these rules at any time during an open comment period.

DATES: Written comments must be received by no later than September 3, 
2015.

[[Page 32047]]


ADDRESSES: 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. On this 
site, click ``Submit a Comment'' and follow the instructions. 
Alternatively, comments also may be submitted through the Federal 
eRulemaking Portal ``Regulations.gov'' at: http://www.regulations.gov. 
Enter ``Docket ID FFIEC-2014-0001'' in the Search Box, click 
``Search,'' and click ``Comment Now.'' Those who wish to submit their 
comments by an alternate means may do so as indicated by each Agency 
below.
    OCC:
    The OCC encourages commenters to submit comments through the 
Federal eRulemaking Portal, Regulations.gov, in accordance with the 
previous paragraph. Alternatively, comments may be emailed to 
[email protected] or sent by mail to Legislative and 
Regulatory Activities Division, Office of the Comptroller of the 
Currency, Mail Stop 9W-11, 400 7th Street SW., Washington, DC 20219. 
Comments also may be faxed to (571) 465-4326 or hand delivered or sent 
by courier to 400 7th Street SW., Washington, DC 20219. For comments 
submitted by any means other than Regulations.gov, you must include 
``OCC'' as the Agency name and ``Docket ID FFIEC-2014-0001'' in your 
comment.
    In general, the OCC will enter all comments received into the 
docket and publish them without change on Regulations.gov. Comments 
received, including attachments and other supporting materials, as well 
as any business or personal information you provide, such as your name 
and address, email address, or phone number, are part of the public 
record and subject to public disclosure. Therefore, please do not 
include any information with your comment or supporting materials that 
you consider confidential or inappropriate for public disclosure.
    You may inspect and photocopy in person all comments received by 
the OCC at 400 7th Street SW., Washington, DC 20219. For security 
reasons, the OCC requires that visitors make an appointment to inspect 
or photocopy comments. You may make an appointment by calling (202) 
649-6700. Upon arrival, visitors will be required to present valid 
government-issued photo identification and submit to a security 
screening.
    Board:
    The Board encourages commenters to submit comments regarding the 
Board's regulations by any of the following methods:
     Agency Web site: http://www.federalreserve.gov/apps/foia/proposedregs.aspx. Follow the instructions for submitting comments on 
the Agency Web site.
     Federal eRulemaking Portal, in accordance with the 
directions above.
     Email: [email protected]. Include 
``EGRPRA'' and Docket No. R-1510 in the subject line of the message.
     FAX: (202) 452-3819.
     Mail: Robert deV. Frierson, Secretary, Board of Governors 
of the Federal Reserve System, 20th Street and Constitution Avenue NW., 
Washington, DC 20551.
    In general, the Board will enter all comments received into the 
docket and publish them without change on the Board's public Web site, 
www.federalreserve.gov; Regulations.gov; and http://egrpra.ffiec.gov. 
Comments received, including attachments and other supporting 
materials, as well as any business or personal information you provide, 
such as your name and address, email address, or phone number, are part 
of the public record and subject to public disclosure. Therefore, 
please do not enclose any information with your comment or supporting 
materials that you consider confidential or inappropriate for public 
disclosure.
    You may inspect and photocopy in person all comments received by 
the Board in Room 3515, 1801 K Street NW. (between 18th and 19th Street 
NW.), Washington, DC 20006, between 9:00 a.m. and 5:00 p.m. on 
weekdays. For security reasons, the Board requires that visitors make 
an appointment to inspect comments. You may make an appointment by 
calling (202) 452-3000. Upon arrival, visitors will be required to 
present valid government-issued photo identification and submit to a 
security screening.
    FDIC:
    The FDIC encourages commenters to submit comments through the 
Federal eRulemaking Portal, ``Regulations.gov,'' in accordance with the 
directions above. Alternatively, you may submit comments by any of the 
following methods:
     Agency Web site: http://www.fdic.gov/regulations/laws/federal. Follow instructions for submitting comments on the Agency Web 
site.
     Email: [email protected]. Include ``EGRPRA'' in the 
subject line of the message.
     Mail: Robert E. Feldman, Executive Secretary, Attention: 
Comments, Federal Deposit Insurance Corporation, 550 17th Street NW., 
Washington, DC 20429.
     Hand Delivery/Courier: Guard station at the rear of the 
550 17th Street Building (located on F Street) on business days between 
7 a.m. and 5 p.m. (EDT).
    The FDIC will post all comments received to http://www.fdic.gov/regulations/laws/federal without change, including any personal 
information provided. Comments may be inspected and photocopied in the 
FDIC Public Information Center, 3501 North Fairfax Drive, Room E-1002, 
Arlington, VA 22226, between 9 a.m. and 5 p.m. (EDT) on business days. 
Paper copies of public comments may be ordered from the Public 
Information Center by calling (877) 275-3342.

FOR FURTHER INFORMATION CONTACT: OCC: Karen McSweeney, Counsel (202) 
649-6295; Heidi M. Thomas, Special Counsel, (202) 649-5490; Rima 
Kundnani, Attorney, (202) 649-5545; for persons who are deaf or hard of 
hearing, TTY (202) 649-5597.
    Board: Claudia Von Pervieux, Counsel (202) 452-2552; Matthew 
Bornfreund, Attorney (202) 452-3818; for persons who are deaf or hard 
of hearing, TTY (202) 263-4869.
    FDIC: Ruth R. Amberg, Assistant General Counsel, (202) 898-3736; 
Ann Taylor, Supervisory Counsel (202) 898-3573; for persons who are 
deaf or hard of hearing, TTY 1-800-925-4618.

SUPPLEMENTARY INFORMATION:

I. Introduction

    Section 2222 of EGRPRA \1\ requires that, not less frequently than 
once every 10 years, the Federal Financial Institutions Examination 
Council (FFIEC),\2\ along with the Agencies,\3\

[[Page 32048]]

conduct a review of their regulations to identify outdated or otherwise 
unnecessary requirements imposed on insured depository institutions.\4\ 
The EGRPRA regulatory review provides an opportunity for the public and 
the Agencies to look at groups of related regulations and to identify 
opportunities for burden reduction. For example, the EGRPRA review may 
facilitate the identification of statutes and regulations that share 
similar goals or complementary methods where one or more Agencies could 
eliminate overlapping requirements. Alternatively, commenters may 
identify regulations or statutes that impose requirements that are no 
longer consistent with the way that business is conducted and that the 
Agencies should eliminate or revise.
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    \1\ Public Law 104-208 (1996), codified at 12 U.S.C. 3311.
    \2\ The FFIEC is an interagency body empowered to prescribe 
uniform principles, standards, and report forms for the Federal 
examination of financial institutions and to make recommendations to 
promote uniformity in the supervision of financial institutions. The 
FFIEC does not issue regulations that impose burden on financial 
institutions and, therefore, we have not separately captioned the 
FFIEC in this notice.
    \3\ The FFIEC is comprised of the OCC, Board, FDIC, National 
Credit Union Administration (NCUA), Consumer Financial Protection 
Bureau (CFPB), and State Liaison Committee. Of these, only the OCC, 
Board, and FDIC are statutorily required to undertake the EGRPRA 
review. The NCUA elected to participate in the first EGRPRA review 
10 years ago, and the NCUA Board again has elected to participate in 
this review process. Consistent with its approach during the first 
EGRPRA review, NCUA will separately issue notices and requests for 
comment on its rules. The CFPB is required to review its significant 
rules and publish a report of its review no later than five years 
after they take effect. See 12 U.S.C. 5512(d). This process is 
separate from the EGRPRA process.
    \4\ Insured depository institutions also are subject to 
regulations that are not required to be reviewed under the EGRPRA 
process. Examples include rules for which rulemaking authority has 
transferred to the CFPB and anti-money laundering regulations issued 
by the Department of the Treasury's Financial Crimes Enforcement 
Network, among others. If, during the EGRPRA review, the Agencies 
receive a comment about a regulation that is not subject to the 
EGRPRA review, we will forward that comment to the appropriate 
agency.
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    In addition to providing an opportunity to consider burden 
reduction generally, the EGRPRA review also provides the Agencies and 
the public with an opportunity to consider burden reduction on 
community banks and other small, insured depository institutions or 
holding companies. We are keenly aware of the role that these 
institutions play in providing consumers and businesses across the 
nation with essential financial services and access to credit, and we 
are concerned about the impact of regulatory burden on these smaller 
institutions. We understand that when an Agency issues a new regulation 
or amends a current regulation, smaller institutions may have to devote 
considerable resources to determine if and how the regulation will 
affect them. Through the public comment process, the EGRPRA review can 
help the Agencies identify and target regulatory changes to reduce 
unnecessary burden on these smaller institutions.
    Burden reduction must, however, be consistent with the Agencies' 
statutory mandates, many of which require the issuance of regulations. 
These mandates include ensuring the safety and soundness of insured 
depository institutions, their affiliates, and the financial system as 
a whole. EGRPRA recognizes that effective burden reduction may require 
legislative change. Accordingly, as part of this review, we 
specifically ask the public to comment on the relationships among 
burden reduction, regulatory requirements, and statutory mandates.
    In addition, we note that the Agencies consider potential 
regulatory burden each time we propose, adopt, or amend a rule. For 
example, under the Paperwork Reduction Act of 1995 and the Regulatory 
Flexibility Act, the Agencies assess each rulemaking with respect to 
the burdens the rule might impose. Furthermore, we invite the public to 
comment on every rule we propose, as required by the Administrative 
Procedure Act (APA).

II. The EGRPRA Review Process

    Taken together for purposes of EGRPRA, the Agencies' regulations 
covering insured depository institutions encompass more than 100 
subjects.\5\ Consistent with the EGRPRA statute, the Agencies grouped 
these regulations into the following 12 regulatory categories: 
Applications and Reporting; Banking Operations; Capital; Community 
Reinvestment Act; Consumer Protection; \6\ Directors, Officers and 
Employees; International Operations; Money Laundering; Powers and 
Activities; Rules of Procedure; Safety and Soundness; and Securities. 
To determine these categories, we divided the regulations by type and 
sought to have no category be too large or broad.
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    \5\ Consistent with EGRPRA's focus on reducing burden on insured 
depository institutions, the Agencies have not included their 
internal, organizational, or operational regulations in this review.
    \6\ As we have previously noted, the Agencies are seeking 
comment only on those consumer protection regulations for which we 
retain rulemaking authority for insured depository institutions and 
regulated holding companies following passage of section 1061 of the 
Dodd-Frank Wall Street Reform and Consumer Protection Act, Public 
Law 111-203 (2010) (Dodd-Frank Act), codified at 12 U.S.C. 5581(b).
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    To carry out the EGRPRA review, the Agencies will publish four 
Federal Register notices, each addressing one or more categories of 
rules. Each Federal Register notice will have a 90-day comment period. 
On June 4, 2014, the Agencies published the first such notice, seeking 
comment on three categories of rules: Applications and Reporting, 
Powers and Activities, and International Operations.\7\ On February 13, 
2015, the Agencies published the second notice, seeking comment on 
three additional categories of rules: Banking Operations, Capital, and 
the Community Reinvestment Act.\8\ Today, we are publishing the third 
notice, addressing the categories of Consumer Protection; Directors, 
Officers and Employees; and Money Laundering. We invite the public to 
identify outdated, otherwise unnecessary, or unduly burdensome 
regulatory requirements imposed on insured depository institutions and 
their holding companies in these three categories. Chart A in Section 
IV lists the Agencies' rules that fall within these categories.
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    \7\ 79 FR 32172 (First Notice).
    \8\ 80 FR 7980 (Second Notice).
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    After comments have been received, the Agencies will review the 
comments and decide whether further action is appropriate with respect 
to the regulations. The Agencies will make this decision jointly in the 
case of rules that we have issued on an interagency basis. Similarly, 
we will undertake any rulemaking to amend or repeal those rules on an 
interagency basis. For rules issued by an Agency, the issuing Agency 
will review the comments received and independently determine whether 
amendments to or repeal of its rules are appropriate. If so, that 
Agency will initiate a rulemaking to effect such change. In all cases, 
the Agencies will provide the public with an opportunity to comment on 
any proposed amendment to or repeal of a regulation, as required by the 
APA.
    Further, as part of the EGRPRA review, the Agencies are holding a 
series of 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 the categories of regulations in the EGRPRA review. More 
information about the outreach meetings can be found on the Agencies' 
EGRPRA Web site, http://egrpra.ffiec.gov.
    Finally, EGRPRA also requires the FFIEC or the Agencies to publish 
in the Federal Register a summary of the comments received, identifying 
significant issues raised and commenting on these issues. It also 
directs the Agencies to eliminate unnecessary regulations to the extent 
that such action is appropriate. The statute additionally requires the 
FFIEC to submit to Congress a report 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 or whether these burdens must be addressed by legislative 
action.

III. The Agencies' Expansion of the Scope of the EGRPRA Review

    To be as inclusive as possible, the Agencies are expanding the 
scope of the EGRPRA review to include rules that the Agencies have 
recently finalized (Newly Listed Rules), including those

[[Page 32049]]

issued pursuant to the Dodd-Frank Act and the recent domestic capital 
and liquidity rules. We will seek specific comment on these Newly 
Listed Rules in the fourth EGRPRA Federal Register notice, which we 
plan to issue by the end of this year. (There are no Newly Listed Rules 
in the three categories covered by this notice.) As noted below, the 
Agencies will also accept comment at any time on any of our regulations 
during an open comment period as part of the EGRPRA process.
    The Agencies have identified the Newly Listed Rules and placed them 
into the 12 categories established for this review. Chart B in Section 
IV contains these Newly Listed Rules. Prior to the publication of the 
fourth and final notice of the EGRPRA review, the Agencies will add to 
the Newly Listed Rules any additional rules finalized by that time. 
Furthermore, it has been the practice of the Agencies to accept 
comments on any of the Agencies' rules during the EGRPRA review. We 
will continue this practice and accept comments at any time during an 
open comment period on any of the rules of the Agencies, including 
those contained in Charts A and B, as well as those rules published in 
the prior Federal Register notices.

IV. Request for Burden Reduction Comments on Regulations in the 
Consumer Protection; Directors, Officers and Employees; and Money 
Laundering Categories

    As stated previously in this notice, the Agencies are asking the 
public to comment on regulations in the Consumer Protection; Directors, 
Officers and Employees; and Money Laundering categories to identify 
outdated or otherwise unnecessary regulatory requirements imposed on 
insured depository institutions and their regulated holding companies. 
Where possible, we ask commenters to cite specific regulatory language 
or provisions. We also welcome suggested alternative provisions or 
language in support of a comment, where appropriate. Where 
implementation of a suggestion would require modification of a statute, 
we ask the commenter to identify the statute and the needed change, 
where possible.
    Specific issues for commenters to consider. The Agencies 
specifically invite comment on the following issues as they pertain to 
the Agencies' Consumer Protection; Directors, Officers and Employees; 
and Money Laundering rules addressed in this notice.
     Need for statutory change. (1) Do any statutory 
requirements underlying the rules in these categories impose outdated 
or otherwise unnecessary regulatory requirements? (2) If so, please 
identify the statutes and indicate how they should be amended.
     Need and purpose of the regulations. (1) Have there been 
changes in the financial services industry, consumer behavior, or other 
circumstances that cause any regulations in these categories to be 
outdated or otherwise unnecessary? (2) If so, please identify and 
indicate how they should be amended. (3) Do any of these regulations 
impose burdens not required by their underlying statutes? (4) If so, 
please identify the regulations and indicate how they should be 
amended.
     Overarching approaches/flexibility. (1) With respect to 
the regulations in these categories, could an Agency use a different 
approach to lessen the burden imposed by the regulations and achieve 
statutory intent? (2) Do any of these rules impose unnecessarily 
inflexible requirements? (3) If so, please identify the regulations and 
indicate how they should be amended.
     Effect on competition. (1) Do any of the regulations or 
underlying statutes create competitive disadvantages for one part of 
the financial services industry compared to another or for one type of 
insured depository institution compared to another? (2) If so, please 
identify the regulations and indicate how they should be amended.
     Reporting, recordkeeping and disclosure requirements. (1) 
Do any of the regulations or underlying statutes in these categories 
impose outdated or otherwise unnecessary reporting, recordkeeping, or 
disclosure requirements on insured depository institutions or their 
holding companies? (2) Could a financial institution fulfill any of 
these requirements electronically (if it is not already permitted to do 
so) and experience burden reduction? (3) If so, please identify the 
regulations and indicate how they should be amended.
     Unique characteristics of a type of institution. (1) Do 
any of the regulations or underlying statutes in these categories 
impose requirements that are unwarranted by the unique characteristics 
of a particular type of insured depository institution or holding 
company? (2) If so, please identify the regulations and indicate how 
they should be amended.
     Clarity. (1) Are the regulations in these categories clear 
and easy to understand? (2) Are there specific regulations for which 
clarification is needed? (3) If so, please identify the regulations and 
indicate how they should be amended.
     Burden on community banks and other smaller, insured 
depository institutions. (1) Are there regulations or underlying 
statutes in these categories that impose outdated or otherwise 
unnecessary requirements on a substantial number of community banks or 
other smaller, insured depository institutions or holding companies? 
(2) Have the Agencies issued regulations pursuant to a common statute 
that, as applied by the Agencies, create redundancies or impose 
inconsistent requirements? (3) Should any of these regulations be 
amended or repealed in order to minimize this impact? (4) If so, please 
identify the regulations and indicate how they should be amended.
     Scope of rules. (1) Is the scope of each rule in these 
categories consistent with the intent of the underlying statute(s)? (2) 
Could we amend the scope of a rule to clarify its applicability or 
reduce burden, while remaining faithful to statutory intent? (3) If so, 
please identify the regulations and indicate how they should be 
amended.

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                                                                           State non-member     Federal savings      State savings
             Subject                National banks    State member banks         banks           associations        associations      BHCs & FHCs SLHCs
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                                                               7. Consumer Protection \9\
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                                                                 Interagency Regulations
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Consumer Protection in Sales of   12 CFR Part 14....  12 CFR Part 208,    12 CFR Part 343...  12 CFR Part 14....  12 CFR Part 390,    ..................
 Insurance.                                            Subpart H [Reg.                                             Subpart I.
                                                       H].

[[Page 32050]]

 
Fair Housing....................  12 CFR Part 27....  ..................  12 CFR Part 338...  12 CFR Part 128     12 CFR Part 390,    ..................
                                                                                               (including other    Subpart G.
                                                                                               non-
                                                                                               discrimination
                                                                                               requirements).
Loans in Identified Flood Hazard  12 CFR Part 22....  12 CFR 208.25       12 CFR Part 339     12 CFR Part 172...  12 CFR Part 391,    ..................
 Areas.                                                [Reg. H] (See       (See also                               Subpart D (See
                                                       also proposal to    proposal to amend                       also proposal to
                                                       amend Part 208 at   Part 339 at 78 FR                       apply proposed
                                                       78 FR 65108 (Oct.   65108 (Oct. 30,                         amendments to
                                                       30, 2013)).         2013))..                                Part 339 to state
                                                                                                                   savings
                                                                                                                   associations at
                                                                                                                   78 FR 65108 (Oct.
                                                                                                                   30, 2013)).
Prohibition Against Use of        12 CFR Part 25,     12 CFR 208.7 [Reg.  12 CFR Part 369...  ..................  ..................  ..................
 Interstate Branches Primarily     Subpart E.          H].
 for Deposit Production.
Safeguarding Customer             12 CFR Part 30,     12 CFR Part 208,    12 CFR Part 364,    12 CFR Part 30,     12 CFR 391.14,      12 CFR Part 225,
 Information.                      Appx. B.            Appx. D-2 [Reg.     Appx. B.            Appx. B.            Appx. B.            Appx. F [Reg. Y].
                                                       H].
Fair Credit Reporting Act:        12 CFR Part 41,     12 CFR Part 222,    12 CFR Part 334,    12 CFR Part 41,     12 CFR Part 391,    ..................
 Duties of Users of Consumer       Subpart I.          Subpart I [Reg.     Subpart I.          Subpart I.          Subpart C.
 Reports Regarding Address                             V].
 Discrepancies Records Disposal.
Fair Credit Reporting Act:        12 CFR Part 41,     12 CFR Part 222,    12 CFR Part 334,    12 CFR Part 41,     12 CFR Part 391,    ..................
 Consumer Information and          Subpart J.          Subpart J [Reg.     Subpart J.          Subpart J.          Subpart C.
 Identity Theft Red Flags.                             V].
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                                                                     OCC Regulations
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Federal Savings Association       ..................  ..................  ..................  12 CFR 163.27.....  ..................  ..................
 Advertising.
Federal Savings Association       ..................  ..................  ..................  12 CFR 163.36.....  ..................  ..................
 Tying Restriction Exception.
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                                                                    FDIC Regulations
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State Savings Association Tying   ..................  ..................  ..................  ..................  12 CFR 390.335....  ..................
 Restriction Exception.
Advertisement of Membership.....  12 CFR Part 328...  12 CFR Part 328...  12 CFR Part 328...  12 CFR Part 328...  12 CFR Part 328     ..................
                                                                                                                   (See also 12 CFR
                                                                                                                   390.333).
Deposit Insurance Coverage......  12 CFR Part 330...  12 CFR Part 330...  12 CFR Part 330...  12 CFR Part 330...  12 CFR Part 330     ..................
                                                                                                                   (See also 12 CFR
                                                                                                                   390.231).
Certification of Assumption of    12 CFR Part 307...  12 CFR Part 307...  12 CFR Part 307...  12 CFR Part 307...  12 CFR Part 307     ..................
 Deposits and Notification of                                                                                      (See also 12 CFR
 Changes of Insured Status.                                                                                        390.332).
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                                                          8. Directors, Officers and Employees
                                                                 Interagency Regulations
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Disclosure of Financial           12 CFR Part 18....  ..................  12 CFR Part 350...  ..................  ..................  ..................
 Information.

[[Page 32051]]

 
Golden Parachute and              12 CFR Part 359...  12 CFR Part 359...  12 CFR Part 359...  12 CFR Part 359     12 CFR Part 359...  12 CFR Part 359.
 Indemnification Programs.                                                                     (See also 12 CFR                       12 CFR Part 359.
                                                                                               145.121).
Limits on Extensions of Credit    12 CFR Part 31....  12 CFR Part 215     12 CFR 337.3; 12    12 CFR 163.43.....  12 CFR 390.338....  ..................
 to Executive Officers,                                [Reg. O].           CFR Part 349.
 Directors and Principal
 Shareholders; Related
 Disclosure Requirements.
Management Official Interlocks..  12 CFR Part 26....  12 CFR Part 212     12 CFR Part 348...  12 CFR Part 26....  12 CFR Part 390,    12 CFR Part 212
                                                       [Reg. L].                                                   Subpart V.          [Reg. L].
                                                                                                                                      12 CFR Part 238,
                                                                                                                                       Subpart J [Reg.
                                                                                                                                       LL].
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                                                                     OCC Regulations
--------------------------------------------------------------------------------------------------------------------------------------------------------
National Bank Activities and      12 CFR Part 7,      ..................  ..................  ..................  ..................  ..................
 Operations--Corporate Practices.  Subpart B.
Federal Savings Association       ..................  ..................  ..................  12 CFR 163.33.....  ..................  ..................
 Board of Directors Composition.
Federal Savings Association Bond  ..................  ..................  ..................  12 CFR 163.190-     ..................  ..................
 Coverage.                                                                                     .191.
Federal Savings Association       ..................  ..................  ..................  12 CFR 163.39; 12   ..................  ..................
 Employment Contracts,                                                                         CFR 163.47; 12
 Compensation, Pension Plans.                                                                  CFR 163.161.
Federal Savings Association       ..................  ..................  ..................  12 CFR 160.130; 12  ..................  ..................
 Restrictions on Transactions                                                                  CFR 163.200-.201.
 with Officers, Directors, and
 Others.
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                                                                    FDIC Regulations
--------------------------------------------------------------------------------------------------------------------------------------------------------
State Savings Association         ..................  ..................  ..................  ..................  12 CFR 390.334....  ..................
 Directors, Officers, and
 Employees.
State Savings Association Bond    ..................  ..................  ..................  ..................  12 CFR 390.356-     ..................
 Coverage.                                                                                                         .357.
State Savings Association         ..................  ..................  ..................  ..................  12 CFR 390.336; 12  ..................
 Employment Contracts,                                                                                             CFR 390.332; 12
 Compensation, Pension Plans.                                                                                      CFR 390.339.
State Savings Association         ..................  ..................  ..................  ..................  12 CFR 390.269....  ..................
 Restrictions on Transactions
 with Officers, Directors, and
 Others.
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                                                                   9. Money Laundering
                                                                 Interagency Regulations
--------------------------------------------------------------------------------------------------------------------------------------------------------
Bank Secrecy Act Compliance.....  12 CFR Part 21,     12 CFR 208.63       12 CFR Part 326,    12 CFR 21, Subpart  12 CFR 390.354....  ..................
                                   Subpart C.          [Reg. H].           Subpart B.          C.
Reports of Crimes or Suspected    12 CFR Part 21,     12 CFR 208.62-.63   12 CFR Part 353...  12 CFR 163.180(d).  12 CFR 390.355....  12 CFR 225.4(f)
 Crimes.                           Subpart B.          [Reg. H].                                                                       [Reg. Y].
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[[Page 32052]]

 
                                                              1. Applications and Reporting
                                                                    Board Regulations
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Concentration Limits............  12 CFR Part 251     12 CFR Part 251     12 CFR Part 251     12 CFR Part 251     12 CFR Part 251     12 CFR Part 251
                                   [Reg. XX].          [Reg. XX].          [Reg. XX].          [Reg. XX].          [Reg. XX].          [Reg. XX].
                                                                                                                                      12 CFR Part 251
                                                                                                                                       [Reg. XX].
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                                                                2. Powers and Activities
                                                                 Interagency Regulations
--------------------------------------------------------------------------------------------------------------------------------------------------------
Proprietary Trading and           12 CFR Part 44....  12 CFR Part 248     12 CFR Part 351...  12 CFR Part 44....  12 CFR Part 351...  12 CFR Part 248
 Relationships with Covered                            [Reg. VV].                                                                      [Reg. VV].
 Funds.                                                                                                                               12 CFR Part 248
                                                                                                                                       [Reg. VV].
Retail Foreign Exchange           12 CFR Part 48....  12 CFR Part 240     12 CFR Part 349...  12 CFR Part 48....  12 CFR Part 349...  12 CFR Part 240
 Transactions.                                         [Reg. NN].                                                                      [Reg. NN].
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                    Board Regulations
--------------------------------------------------------------------------------------------------------------------------------------------------------
Proprietary Trading and           ..................  ..................  ..................  ..................  ..................  12 CFR Part 225,
 Relationships with Covered                                                                                                            Subpart K [Reg.
 Funds.                                                                                                                                Y].
                                                                                                                                      12 CFR Part 225,
                                                                                                                                       Subpart K [Reg.
                                                                                                                                       Y].
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                               3. International Operations
                                                                    Board Regulations
--------------------------------------------------------------------------------------------------------------------------------------------------------
Foreign Banking Organizations:    ..................  ..................  ..................  ..................  ..................  12 CFR Part 252
 Stress Tests, Risk Committee,                                                                                                         Subparts L-O
 and Enhanced Prudential                                                                                                               [Reg. YY].
 Standards.
Swaps Entities..................  ..................  12 CFR Part 237     ..................  ..................  ..................  12 CFR Part 237
                                                       [Reg. KK].                                                                      [Reg. KK].
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                  4. Banking Operations
                                                                    Board Regulations
--------------------------------------------------------------------------------------------------------------------------------------------------------
Assessment of Fees..............  ..................  ..................  ..................  ..................  ..................  12 CFR Part 246
                                                                                                                                       [Reg. TT].
                                                                                                                                      12 CFR Part 246
                                                                                                                                       [Reg. TT].
Debit Card Interchange Fees.....  12 CFR Part 235     12 CFR Part 235     12 CFR Part 235     12 CFR Part 235     12 CFR Part 235     ..................
                                   [Reg. II].          [Reg. II].          [Reg. II].          [Reg. II].          [Reg. II].
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                       5. Capital
                                                                 Interagency Regulations
--------------------------------------------------------------------------------------------------------------------------------------------------------
Capital Adequacy: General Ratio   12 CFR Part 3,      12 CFR Part 217,    12 CFR Part 324,    12 CFR Part 3,      12 CFR Part 324,    12 CFR Part 217,
 and Buffers Definition of         Subparts A-C, G-J.  Subparts A-C, G     Subparts A-C, G.    Subparts A-C, G-J.  Subparts A-C, G.    Subparts A-C, G
 Capital Transition.                                   [Reg. Q].          [Previously found                       [Previously found    [Reg. Q].
                                                                           in 12 CFR Part                          in 12 CFR Part     12 CFR Part 217,
                                                                           325].                                   390, Subpart Z].    Subparts A-C, G
                                                                                                                                       [Reg. Q].
Capital Adequacy: Risk-Weighted   12 CFR Part 3,      12 CFR Part 217,    12 CFR Part 324,    12 CFR Part 3,      12 CFR Part 324,    12 CFR Part 217,
 Assets--Standardized Approach.    Subpart D.          Subpart D [Reg.     Subpart D.          Subpart D.          Subpart D.          Subpart D [Reg.
                                                       Q].                [Previously found                       [Previously found    Q].
                                                                           in 12 CFR Part                          in 12 CFR Part     12 CFR Part 217,
                                                                           325 Appx. A].                           390, Subpart Z,     Subpart D [Reg.
                                                                                                                   Appx. A].           Q].
Capital Adequacy: Risk-Weighted   12 CFR Part 3,      12 CFR Part 217,    12 CFR Part 324,    12 CFR Part 3,      12 CFR Part 324,    12 CFR Part 217,
 Assets--Advanced Measurement      Subpart E.          Subpart E [Reg.     Subpart E.          Subpart E.          Subpart E.          Subpart E [Reg.
 Approaches.                                           Q].                [Previously found                       [Previously found    Q].
                                                                           in 12 CFR Part                          in 12 CFR Part     12 CFR Part 217,
                                                                           325 Appx. D].                           390, Subpart Z,     Subpart E [Reg.
                                                                                                                   Appx. A].           Q].

[[Page 32053]]

 
Capital Adequacy: Risk-Weighted   12 CFR Part 3,      12 CFR Part 217,    12 CFR Part 324,    12 CFR Part 3,      12 CFR Part 324,    12 CFR Part 217,
 Assets--Market Risk.              Subpart F.          Subpart F [Reg.     Subpart F.          Subpart F.          Subpart F.          Subpart F [Reg.
                                                       Q].                [Previously found                       [Previously found    Q].
                                                                           in 12 CFR Part                          in 12 CFR Part     12 CFR Part 217,
                                                                           325 Appx. C].                           390, Subpart Z,     Subpart F [Reg.
                                                                                                                   Appx. A].           Q].
Capital Adequacy Guidelines.....  12 CFR Part 3,      12 CFR Part 208,    12 CFR Part 324     12 CFR Part 3,      12 CFR Part 324     12 CFR Part 225,
                                   Appx. A and B.      Appx. A, B, and E   [Previously found   Appx. A and B.      [Previously found   Appx. A, B, D,
                                                       [Reg. H].           in 12 CFR Part                          in 12 CFR Part      and E [Reg. Y].
                                                                           325 Appx. A-D].                         390, Subpart Z,
                                                                                                                   Appx. A].
Prompt Corrective Action........  12 CFR Part 6.....  12 CFR Part 208,    12 CFR Part 325,    12 CFR Part 6; 12   12 CFR Part 390,    12 CFR Part 208,
                                                       Subpart D [Reg.     Subpart B.          CFR 165.8;12 CFR    Subpart Y.          Subpart D [Reg.
                                                       H]; 12 CFR Part                         165.9.                                  H]; 12 CFR Part
                                                       263, Subpart H.                                                                 263, Subpart H.
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                     OCC Regulations
--------------------------------------------------------------------------------------------------------------------------------------------------------
Annual Stress Tests.............  12 CFR Part 46....  ..................  ..................  12 CFR Part 46....  ..................  ..................
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                    Board Regulations
--------------------------------------------------------------------------------------------------------------------------------------------------------
Capital Planning................  ..................  ..................  ..................  ..................  ..................  12 CFR Part l225.8
                                                                                                                                       [Reg. Y].
Stress Tests--U.S. Organizations  ..................  12 CFR Part 252,    ..................  ..................  ..................  12 CFR Part 252,
 Company Run and Supervisory.                          Subparts B, E,                                                                  Subparts B, E,
                                                       and F [Reg. YY].                                                                and F [Reg. YY].
                                                                                                                                      12 CFR Part 252,
                                                                                                                                       Subpart B [Reg.
                                                                                                                                       YY].
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                    FDIC Regulations
--------------------------------------------------------------------------------------------------------------------------------------------------------
Annual Stress Tests.............  ..................  ..................  12 CFR Part 325,    ..................  12 CFR Part 325,    ..................
                                                                           Subpart C.                              Subpart C.
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                              6. Community Reinvestment Act
--------------------------------------------------------------------------------------------------------------------------------------------------------
All rules under this category were included in the charts published in the First Notice.
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                 7. Consumer Protection
--------------------------------------------------------------------------------------------------------------------------------------------------------
All rules under this category were included in the charts published in the First Notice.
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                          8. Directors, Officers, and Employees
--------------------------------------------------------------------------------------------------------------------------------------------------------
All rules under this category were included in the charts published in the First Notice.
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                   9. Money Laundering
--------------------------------------------------------------------------------------------------------------------------------------------------------
All rules under this category were included in the charts published in the First Notice.
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                 10. Rules of Procedure
                                                                    FDIC Regulations
--------------------------------------------------------------------------------------------------------------------------------------------------------
Orderly Liquidation Authority...  ..................  ..................  ..................  ..................  ..................  12 CFR Part 380.
                                                                                                                                      12 CFR Part 380.
--------------------------------------------------------------------------------------------------------------------------------------------------------

[[Page 32054]]

 
                                                                11. Safety and Soundness
                                                                 Interagency Regulations
--------------------------------------------------------------------------------------------------------------------------------------------------------
Appraisals: Higher-priced         12 CFR Part 34,     12 CFR 226.43;12    12 CFR Part 1026    12 CFR Part 34,     ..................  12 CFR 226.43; 12
 Mortgages.                        Subpart G.          CFR Part 226,       [Reg. Z].           Subpart G.                              CFR Part 226,
                                                       Appx. N and O,                                                                  Appx. N and O,
                                                       and Supp. I [Reg.                                                               and Supp. I [Reg.
                                                       Z].                                                                             Z].
                                                                                                                                      12 CFR 226.43; 12
                                                                                                                                       CFR Part 226,
                                                                                                                                       Appx. N and O,
                                                                                                                                       and Supp. I [Reg.
                                                                                                                                       Z].
Credit Risk Retention...........  12 CFR Part 43....  12 CFR Part 244     12 CFR Part 373...  12 CFR Part 43....  12 CFR Part 373...  12 CFR Part 244
                                                       [Reg. RR].                                                                      [Reg. RR].
                                                                                                                                      12 CFR Part 244
                                                                                                                                       [Reg. RR].
Liquidity Risk..................  12 CFR Part 50....  12 CFR Part 249     12 CFR Part 329...  12 CFR Part 50....  12 CFR Part 329...  12 CFR Part
                                                       [Reg. WW].                                                                      249[Reg. WW].
                                                                                                                                      12 CFR Part 249
                                                                                                                                       [Reg. WW].
Resolution Plans................  ..................  ..................  ..................  ..................  ..................  12 CFR Part 381;
                                                                                                                                       12 CFR Part 243
                                                                                                                                       [Reg. QQ].
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                    FDIC Regulations
--------------------------------------------------------------------------------------------------------------------------------------------------------
Resolution Plans................  12 CFR Part 360.10  12 CFR Part 360.10  12 CFR Part 360.10  12 CFR Part 360.10  12 CFR Part 360.10  ..................
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                     OCC Regulations
--------------------------------------------------------------------------------------------------------------------------------------------------------
Heightened Expectations           12 CFR Part 30,     ..................  ..................  12 CFR Part 30,     ..................  ..................
 Guidelines.                       Appx. D.                                                    Appx. D.
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                    Board Regulations
--------------------------------------------------------------------------------------------------------------------------------------------------------
Appraisals: Appraiser             ..................  12 CFR 226.42;12    12 CFR Part 1026    ..................  ..................  12 CFR 226.42; 12
 Independence.                                         CFR Part 226,       [Reg. Z].                                                   CFR Part 226,
                                                       Supp. I [Reg. Z].                                                               Supp. I [Reg. Z].
                                                                                                                                      12 CFR 226.42; 12
                                                                                                                                       CFR Part 226,
                                                                                                                                       Supp. I [Reg. Z].
Definitions related to the        ..................  ..................  ..................  ..................  ..................  12 CFR Part 242
 Financial Stability Oversight                                                                                                         [Reg. PP].
 Council.
Enhanced Prudential Standards     ..................  ..................  ..................  ..................  ..................  12 CFR Part 252,
 Risk Committee Requirement (for                                                                                                       Subparts B and C
 certain BHCs) Standards for                                                                                                           [Reg. YY].
 BHCs with consolidated assets
 $50 billion or more.
Financial Market Utilities......  ..................  12 CFR Part 234     ..................  ..................  ..................  ..................
                                                       [Reg. HH].
Securities Holding Companies....  ..................  ..................  ..................  ..................  ..................  12 CFR Part 241
                                                                                                                                       [Reg. OO].
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                     12. Securities
--------------------------------------------------------------------------------------------------------------------------------------------------------
All rules under this category were included in the charts published in the First Notice.
--------------------------------------------------------------------------------------------------------------------------------------------------------


[[Page 32055]]

     
---------------------------------------------------------------------------

    \9\ Regulations for which rulemaking authority has transferred 
to the CFPB are not included in this Consumer Protection category. 
As described in the Supplementary Information section of this 
notice, the CFPB is required to review its significant rules and 
publish a report of its review no later than five years after they 
take effect, in a process separate from the EGRPRA process.

    Dated: May 27, 2015.
Thomas J. Curry,
Comptroller of the Currency.

    By order of the Board of Governors of the Federal Reserve 
System, May 29, 2015.
Michael Lewandowski,
Associate Secretary of the Board.
    Dated: May 29, 2015.

    By order of the Board of Directors.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2015-13749 Filed 6-4-15; 8:45 am]
BILLING CODE P