[Federal Register Volume 80, Number 229 (Monday, November 30, 2015)]
[Proposed Rules]
[Pages 74718-74720]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-30247]



[[Page 74718]]

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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 outreach meeting.

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SUMMARY: The OCC, Board, and FDIC (together ``we'' or ``Agencies'') 
announce the sixth and final outreach meeting 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 in the Washington, DC area at 
the FDIC's L. William Seidman Center at Virginia Square in Arlington, 
Virginia, on Wednesday December 2, 2015, beginning at 9:00 a.m. Eastern 
Standard Time (EST). Online registrations will be accepted through 
November 30, 2015, or until all seats are filled, whichever is earlier. 
If seats are available after the close of online registration, 
individuals may register in person at the L. William Seidman Center on 
the day of the meeting.

ADDRESSES: The Agencies will hold the December 2, 2015, outreach 
meeting at the FDIC's L. William Seidman Center at Virginia Square, 
3501 Fairfax Drive, Arlington, VA 22226. Live video of this meeting 
will be streamed at: http://egrpra.ffiec.gov/. Participants attending 
in person should register at: http://egrpra.ffiec.gov/outreach/outreach-index.html.
    In addition, to enhance participation, interested persons anywhere 
in the country will have the opportunity to view and participate in the 
meeting online using their computers. Members of the public watching 
online will be able to submit written comments at any time during the 
meeting using the text chat feature. In addition to the online option, 
a toll-free telephone number (800) 857-9751 (Participant passcode: 
6040376) is available for members of the public who would like only to 
listen to the meeting, and who may choose later to submit written 
comments. Information regarding these additional participation options 
is described in the meeting details section for the Washington, DC area 
meeting at: http://egrpra.ffiec.gov/outreach/outreach-meeting-details-dc.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. 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 or, for persons who are deaf or hard of hearing, TTY (202) 
649-5597. 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

[[Page 74719]]

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 
7:00 a.m. and 5:00 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 9:00 a.m. and 5:00 p.m. (EST) 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: Heidi M. Thomas, Special Counsel, (202) 649-5490; for persons 
who are deaf or hard of hearing, TTY (202) 649-5597.
    Board: Kevin Wilson, Financial Analyst, (202) 452-2362; 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 
imposed on insured depository institutions. As part of this review, the 
Agencies are holding a series of six 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 the 
Agencies' regulations, as further described below. The Agencies held 
the first of these outreach meetings on December 2, 2014, in Los 
Angeles, California; the second outreach meeting on February 4, 2015, 
in Dallas, Texas; the third outreach meeting on May 4, 2015, in Boston, 
Massachusetts; the fourth outreach meeting, which focused on rural 
banks and their communities, in Kansas City, Missouri on August 4, 
2015; and the fifth outreach meeting on October 19, 2015 in Chicago, 
Illinois. Additional details, including videos and transcripts of the 
first five outreach meetings, are available on the EGRPRA Web site at: 
http://egrpra.ffiec.gov/outreach/outreach-index.html.
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    \1\ Public Law 104-208 (1996), 110 Stat. 3009-414, codified at 
12 U.S.C. 3311.
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    The final outreach meeting will be held on December 2, 2015, in the 
Washington, DC area at the FDIC's L. William Seidman Center at Virginia 
Square in Arlington, Virginia, and will be streamed live at: http://egrpra.ffiec.gov/. FDIC Chairman Martin J. Gruenberg, Comptroller of 
the Currency Thomas J. Curry, and Federal Reserve Board Governor Daniel 
K. Tarullo are scheduled to attend, along with senior staff members of 
the Agencies. 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, audience members, and online 
participants 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. As noted above, any interested person 
may submit comments through the EGRPRA Web site during open comment 
periods at: http://egrpra.ffiec.gov/submit-comment/submit-comment-index.html or directly to the Agencies through any of the other manners 
specified above.
    All participants attending in person should register for the 
Washington, DC area 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 November 30, 2015, or until all seats are filled, whichever is 
earlier. If seats are available, individuals may register in person at 
the L. William Seidman Center on the day of the meeting. Individuals do 
not need to register to view the live-stream broadcast.
    We note that the meeting will be video-recorded and publicly 
webcast in order to increase education and outreach. By participating 
in person at the meeting, you consent to appear in such recordings.

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 
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 document announcing the start of the EGRPRA review process and 
also asking for public comment on three of these categories--
Applications and Reporting; Powers and Activities;

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and International Operations regulations.\2\ In that document we 
published a chart, listing the Agencies' regulations in the 12 
categories included in the EGRPRA review. The comment period for this 
Federal Register document closed on September 2, 2014. On February 13, 
2015, we published a Federal Register document asking for public 
comment on three additional categories--Banking Operations; Capital; 
and the Community Reinvestment Act.\3\ The comment period for the 
second Federal Register document closed on May 14, 2015. On June 5, 
2015, the Agencies published a third Federal Register document asking 
for public comment on three additional categories--Consumer Protection; 
Directors, Officers and Employees; and Money Laundering.\4\ This third 
Federal Register document announced that the Agencies' expanded the 
scope of the EGRPRA review to cover newly issued regulations. The 
comment period for the third document closed on September 3, 2015. 
Before the end of the year, the Agencies intend to issue the final 
Federal Register document, requesting comment on regulations in the 
last three categories--Rules of Procedure; Safety and Soundness; and 
Securities, as well as on any other final rules not covered by one of 
the prior Federal Register documents. In addition, to be as inclusive 
as possible, the Agencies will invite comment during the comment period 
for the fourth document on any Agency rule that is issued in final form 
before the end of the year. Finally, as noted in prior documents, the 
Agencies will continue to accept comments on any rules included in the 
prior Federal Register documents for which we have already sought 
comment during the open comment period in the final Federal Register 
document.
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    \2\ 79 FR 32172.
    \3\ 80 FR 7980.
    \4\ 80 FR 32046.

    Dated: November 18, 2015.
Thomas J. Curry,
Comptroller of the Currency.
    By order of the Board of Governors of the Federal Reserve 
System, November 19, 2015.
Robert deV. Frierson,
Secretary of the Board.
    Dated: November 18, 2015.
Robert E. Feldman,
Executive Secretary, Federal Deposit Insurance Corporation.
[FR Doc. 2015-30247 Filed 11-27-15; 8:45 am]
 BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P