[Federal Register Volume 80, Number 246 (Wednesday, December 23, 2015)]
[Proposed Rules]
[Pages 79724-79735]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-32312]
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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issued in order to identify outdated or otherwise unnecessary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: Rules of Procedure; Safety and
Soundness; and Securities. We have listed these rules on a chart
included with this notice.
In addition, as we previously announced, the Agencies have expanded
the scope of the EGRPRA review to include the Agencies' recently issued
final rules. Accordingly, in this notice, the Agencies invite the
public to comment on any Agency final rule not included in a previous
EGRPRA Federal Register notice. To facilitate identification of these
recently issued rules, we have included with this notice a separate
chart that lists these rules.
Finally, in order to be as inclusive as possible, the Agencies also
invite comment during the comment period for this notice on any Agency
rule that is issued in final form on or before December 31, 2015. We
will list these
[[Page 79725]]
rules on the EGRPRA Web site, http://egrpra.ffiec.gov/. The public may
also comment on any other Agency rule, including rules covered by the
three prior notices during the open comment period for this notice.
DATES: Written comments must be received by no later than March 22,
2016.
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 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
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. (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; Brian
Phillips, Attorney (202) 452-3321; 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
[[Page 79726]]
(FFIEC),\2\ along with the Agencies,\3\ 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, the 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 have published three
Federal Register notices, each addressing one or more categories of
rules. Each Federal Register notice provided 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\ On June 5, 2015, the Agencies
published the third notice, seeking comment on three additional
categories: Consumer Protection; Directors, Officers and Employees; and
Money Laundering (Third Notice).\9\ The comment period for the Third
Notice closed on September 3, 2015.
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\7\ 79 FR 32172.
\8\ 80 FR 7980.
\9\ 80 FR 32046. Together, the three EGRPRA notices are referred
to as the ``Prior Notices.''
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In the Third Notice, the Agencies also announced their decision to
expand the scope of the EGRPRA review to include recently issued rules,
such as those issued pursuant to the Dodd-Frank Act and the recently
promulgated domestic capital and liquidity rules. The Agencies
identified these rules, referred to as ``Newly Listed Rules,'' on a
chart included with the Third Notice. The Third Notice stated that the
public could comment on the Newly Listed Rules during the comment
period for the final EGRPRA notice.
Today, we are publishing the fourth and final EGRPRA notice,
addressing the categories of Rules of Procedure; Safety and Soundness;
and Securities. We invite the public to identify outdated, unduly
burdensome, or otherwise unnecessary regulatory requirements imposed on
insured depository institutions and their holding companies in these
three categories. Chart A in Section IV contains the Agencies' rules in
these three categories, including the Newly Listed Rules in these three
categories. In addition, consistent with the expanded scope of the
EGRPRA review, we invite the public to identify outdated, unduly
burdensome, or otherwise unnecessary regulatory requirements imposed on
insured depository institutions and their holding companies by the
Newly Listed Rules in the nine categories covered by the Prior Notices.
Chart B in Section IV contains the Newly Listed Rules in
[[Page 79727]]
these nine categories, including rules issued in final form since the
Third Notice.
Finally, in order to be as inclusive as possible, the Agencies
invite comment on any other rule issued in final form on or before
December 31, 2015, which will be listed on the EGRPRA Web site, http://egrpra.ffiec.gov/. Furthermore, as has been the practice of the
Agencies, we invite comment on any of the Agencies' final rules
included in this EGRPRA review during the open comment period for this
notice.
As part of the EGRPRA review, the Agencies have held a series of
outreach meetings around the country to provide an opportunity for
bankers, consumer and community groups, and other interested persons to
present their views directly to Agency senior management and staff on
any of the regulations in the EGRPRA review. The Agencies held a final
outreach meeting on December 2, 2015, in the Washington, DC area.
Transcripts from and other information about the outreach meetings can
be found on the Agencies' EGRPRA Web site, http://egrpra.ffiec.gov.
Following the close of the comment period for this final notice,
the Agencies will review all of the comments we have received 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. For rules issued
by one 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.
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. Request for Burden Reduction Comments on Regulations in the Rules
of Procedure, Safety and Soundness, and Securities Categories; on Newly
Listed Rules in the Other Categories of Regulations; and on Any Other
Final Rule Issued by December 31, 2015
As stated previously in this notice, the Agencies are asking the
public to comment on regulations in the Rules of Procedure; Safety and
Soundness; and Securities categories. Chart A in Section IV contains
the Agencies' rules that are in these three categories. The Agencies
are also asking the public to comment on the Newly Listed Rules in the
nine categories covered by the Prior Notices. Chart B in Section IV
contains the Newly Listed Rules. Both charts include any rules issued
on or before December 23, 2015. The Agencies will also accept comment
during the open comment period of this notice on any other Agency rule
issued in final form by December 31, 2015. In addition, we will accept
comments on any of the Agencies' rules, including those rules in
categories covered in the Prior Notices.
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
(a) the Agencies' Rules of Procedure; Safety and Soundness rules; and
Securities rules, on Chart A; (b) any of the Newly Listed Rules on
Chart B; and (c) any other Agency rule that is issued in final form by
December 31, 2015.
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,
[[Page 79728]]
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 member State non-member Federal savings State savings
Subject National banks banks banks associations associations BHCs & FHCs SLHCs
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10. Rules of Procedure
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Interagency Regulations
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Uniform Rules of Practice and 12 CFR Part 19, 12 CFR Part 263 12 CFR Part 308 12 CFR Part 109, 12 CFR Part 12 CFR Part 263.
Procedure. Subpart A. Subpart A. 390.30.
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OCC Regulations
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National Bank Voluntary 12 CFR 5.48.
Liquidation.
Federal Savings Association-- 12 CFR Part 112.
Investigative Proceedings and
Formal Examinations.
Federal Savings Association-- 12 CFR Part 158.
Possession by Conservators and
Receivers for Federal and State
Savings Associations.
Federal Savings Association-- 12 CFR Part 108.
Removals, Suspensions and
Prohibitions Where a Crime is
Charged or Proven.
Rules of Practice and Procedure. 12 CFR Part 19, 12 CFR Part 109,
Subparts B-P. Subpart B.
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FDIC Regulations
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Orderly Liquidation Authority... 12 CFR Part 380.
12 CFR Part 380.
Resolution and Receivership 12 CFR Part 360 12 CFR Part 360 12 CFR Part 360 12 CFR Part 360 12 CFR Part 360.
Rules.
Recordkeeping Requirements for 12 CFR Part 371 12 CFR Part 371 12 CFR Part 371 12 CFR Part 371 12 CFR Part 371.
Qualified Financial Contracts.
Restrictions on Sale of Assets 12 CFR Part 340 12 CFR Part 340 12 CFR Part 340 12 CFR Part 340 12 CFR Part 340.
by the Federal Deposit
Insurance Corporation.
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[[Page 79729]]
11. Safety and Soundness
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Interagency Regulations
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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].
Appraisals: Minimum Requirements 12 CFR part 34, 12 CFR 208.50 12 CFR Part 323, 12 CFR part 34, 12 CFR Part 323 12 CFR Part 225,
for Appraisal Management Subpart H. [Reg. H]; 12 CFR Subpart B. Subpart H. Subpart B. Subpart M [Reg.
Companies. Part 225, Subpart Y].
M [Reg. Y].
Appraisals: Standards for 12 CFR Part 34, 12 CFR 208.50 12 CFR Part 323 12 CFR Part 34, 12 CFR Part 323 12 CFR Part 225,
Federally-Related Transactions. Subpart C. [Reg. H]; 12 CFR Subpart C. Subpart G [Reg.
Part 225, Subpart Y].
G [Reg. Y].
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].
Frequency of Safety and 12 CFR 4.6-.7 12 CFR 208.64 12 CFR 337.12 12 CFR 4.6 (See 12 CFR 390.351.
Soundness Examination. [Reg. H]. also, 12 CFR
163.170).
Lending Limits.................. 12 CFR Part 32 12 CFR Part 215, 12 CFR 337.3 12 CFR Part 32 12 CFR 390.338.
Subpart A [Reg.
O].
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 249
[Reg. WW]. [Reg. WW].
12 CFR Part 249
[Reg. WW].
Real Estate Lending Standards... 12 CFR Part 34, 12 CFR Part 208, 12 CFR Part 365 12 CFR 160.100; 12 12 CFR Part 390, 12 CFR Part 225,
Subpart D. Subpart E and CFR 163.101 Subpart P. Subpart G [Reg.
Appx. C [Reg. H]. Y].
Resolution Plans................ 12 CFR Part 381;
12 CFR Part 243
[Reg. QQ].
Security Devices and Procedures. 12 CFR Part 21, 12 CFR 208.61 12 CFR Part 326, 12 CFR Part 168 12 CFR Part 391,
Subpart A. [Reg. H]. Subpart A. Subpart A.
Standards for Safety and 12 CFR Part 30 12 CFR Part 208, 12 CFR Part 364 12 CFR Part 30 12 CFR Part 364.
Soundness. Appx. D-1 [Reg.
H].
Transactions with Affiliates.... 12 CFR Part 223 12 CFR Part 223 12 CFR Part 223 12 CFR 163.41 12 CFR 390.337.
[Reg. W]; 12 CFR [Reg. W]. [Reg. W].
Part 31.
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OCC Regulations
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Heightened Expectations 12 CFR Part 30, 12 CFR Part 30,
Guidelines. Appx. D. Appx. D.
National Bank--Other Real Estate 12 CFR Part 34,
Owned. Subpart E.
Federal Savings Association-- 12 CFR Part 163,
Financial Management Policies. Subpart F (See
also 12 CFR
5.59(e)(7)
(service
corporations
only)).
[[Page 79730]]
Savings Association--Lending and 12 CFR Part 160 12 CFR Part 160
Investment Additional Safety (Lending and
and Soundness Limitations. Investment).
Savings Associations and Savings 12 CFR 162.4; See
Association Holding Companies also, 12 CFR Part
Audits. 363.
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Board Regulations
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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.
Extensions of Credit by Federal 12 CFR Part 201 12 CFR Part 201 12 CFR Part 201 12 CFR Part 201 12 CFR Part 201
Reserve Banks. [Reg. A]. [Reg. A]. [Reg. A]. [Reg. A]. [Reg. A].
Financial Market Utilities...... 12 CFR Part 234
[Reg. HH]
Limitations on Interbank 12 CFR Part 206 12 CFR Part 206 12 CFR Part 206 12 CFR Part 206 12 CFR Part 206
Liabilities. [Reg. F]. [Reg. F]. [Reg. F]. [Reg. F]. [Reg. F].
Securities Holding Companies.... 12 CFR Part 241
[Reg. OO]
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FDIC Regulations
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Annual Independent Audits and 12 CFR Part 363 12 CFR Part 363 12 CFR Part 363 12 CFR Part 363; 12 CFR Part 363;
Reporting Requirements. See also, 12 CFR See also, 12 CFR
162.4. 390.322.
Resolution Plans................ 12 CFR Part 360.10 12 CFR Part 360.10 12 CFR Part 360.10 12 CFR Part 12 CFR Part
360.10. 360.10.
Unsafe and Unsound Banking 12 CFR 337.2.
Practices Standby Letters of
Credit.
Unsafe and Unsound Banking 12 CFR 337.6 12 CFR 337.6 12 CFR 337.6 12 CFR 337.6 12 CFR 337.6.
Practices Brokered Deposits.
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12. Securities
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Interagency Regulations
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Banks as Registered Clearing 12 CFR 19.135 12 CFR 208.32-33 12 CFR Part 308,
Agencies. [Reg. H]. Subpart S.
Banks as Securities Transfer 12 CFR 9.20 12 CFR 208.31 12 CFR Part 341.
Agents. [Reg. H].
[[Page 79731]]
Government Securities Sales 12 CFR Part 13 12 CFR 208.37 12 CFR Part 368.
Practices. [Reg. H].
Recordkeeping and Confirmation 12 CFR Part 12 12 CFR 208.34 12 CFR Part 344 12 CFR Part 151 12 CFR Part 344.
of Securities Transactions [Reg. H].
Effected by Banks.
Reporting Requirements for 12 CFR Part 11 12 CFR 208.36 12 CFR Part 335 12 CFR Part 194 12 CFR Part 335.
Reported Securities Under the [Reg. H]
Securities Exchange Act of 1934.
Securities Offerings............ 12 CFR Part 16 12 CFR Part 197 12 CFR Part 390,
Subpart W.
Swaps Margin.................... 12 CFR Part 45 12 CFR Part 237 12 CFR Part 349 12 CFR Part 45 12 CFR Part 349.
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OCC Regulations
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National Bank--Municipal 12 CFR Part 10.
Securities Dealer Activities of
Banks.
Federal Savings Association-- 12 CFR Part 193.
Accounting Requirements and
Financial Statements.
Savings Association--Proxies.... 12 CFR Part 169 12 CFR Part 169.
Federal Savings Association-- 12 CFR 163.5; 12
Rules on the Issuance and Sale CFR Part 163,
of Institution Securities. Subpart C.
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Board Regulations
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Credit by Banks and Persons 12 CFR Part 221 12 CFR Part 221 12 CFR Part 221 12 CFR Part 221 12 CFR Part 221 12 CFR Part 221
Other than Brokers or Dealers [Reg. U]. [Reg. U]. [Reg. U]. [Reg. U]. [Reg. U]. [Reg. U].
for the Purpose of Purchasing 12 CFR Part 221
or Carrying Margin Stock. [Reg. U].
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1. Applications and Reporting
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Interagency Regulations
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Bank Merger Act................. 12 CFR 5.33 12 CFR 5.33.
Change in Bank Control.......... 12 CFR Part 5.50 12 CFR Part 303 12 CFR Part 5.50 12 CFR Part 303
Subpart E. Subpart E.
Notice of Addition or Change of 12 CFR 5.51 12 CFR 5.51.
Directors.
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OCC Regulations
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Rules, Policies, and Procedures 12 CFR Part 5 12 CFR Part 5
for Corporate Activities. (Generally).
Federal Savings Association 12 CFR 5.55.
Capital Distribution.
[[Page 79732]]
Federal Mutual Savings 12 CFR 5.20; 12
Associations--Incorporation, CFR 5.21; 12 CFR
Organization and Conversion; or 5.23; 12 CFR
Merger, Dissolution, 5.25; 12 CFR
Reorganization and Conversion. 5.33; 12 CFR
5.48.
Federal Stock Savings 12 CFR 5.20; 12
Associations-Incorporation, CFR 5.22; 12 CFR
Organization and Conversion. 5.23; 12 CFR
5.25; 12 CFR
5.33; 12 CFR
5.48.
Federal Savings Association 12 CFR 5.31; 12
Offices. CFR 5.40; 12 CFR
5.52.
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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
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Interagency Regulations
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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].
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OCC Regulations
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Federal Savings Association 12 CFR 5.26; 12
Fiduciary Powers. CFR Part 150.
Federal Savings Association See also Federal
General. Stock
Associations
provisions on
chartering,
organization and
bylaws at 12 CFR
5.20; 12 CFR
5.21.
See also Federal
Mutual Savings
Associations
provisions on
chartering,
organization and
bylaws at 12 CFR
5.20; 12 CFR 5.22.
Federal Savings Association 12 CFR Part
Lending and Investment. 160.32; 12 CFR
160.35.
See also 12 CFR
5.37; 12 CFR
5.58; 12 CFR
7.1000; 12 CFR
7.3001.
[[Page 79733]]
Federal Savings Association 12 CFR 5.38; 12
Subordinate Organizations. CFR 5.59.
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Board Regulations
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Proprietary Trading and 12 CFR Part 225,
Relationships with Covered Subpart K [Reg.
Funds. Y].
12 CFR Part 225,
Subpart K [Reg.
Y].
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3. International Operations
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Board Regulations
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Foreign Banking Organizations: 12 CFR Part 252
Stress Tests, Risk Committee Subparts L-O and
Requirements, and Enhanced U [Reg. YY].
Prudential Standards.
Swaps Entities.................. 12 CFR Part 237 12 CFR Part 237
[Reg. KK]. [Reg. KK].
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4. Banking Operations
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Board Regulations
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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].
Reserve Requirements of 12 CFR Part 204 12 CFR Part 204 12 CFR Part 204 12 CFR Part 204 12 CFR Part 204
Depository Institutions. [Reg. D]. [Reg. D]. [Reg. D]. [Reg. D]. [Reg. D].
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5. Capital
--------------------------------------------------------------------------------------------------------------------------------------------------------
Interagency Regulations
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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- Subparts A-C, G Subparts A-C, G Subparts A-C, G- Subparts A-C, G Subparts A-C, G
Capital Transition. J. [Reg. Q]. [Previously found J. [Previously found [Reg. Q]. 12 CFR
in 12 CFR Part in 12 CFR Part Part 217,
325]. 390, Subpart Z]. Subparts A-C, G
[Reg. Q].
Capital Adequacy: Risk-based 12 CFR Part 3, 12 CFR Part 217, 12 CFR Part 324, 12 CFR Part 3, 12 CFR Part 324, 12 CFR Part 217,
Capital Surcharge for Global Subpart H. Subpart H [Reg. Subpart H. Subpart H. Subpart H. Subpart H [Reg.
Systemically Important Bank Q]. Q]. 12 CFR Part
Holding Companies. 217, Subpart H
[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]. 12 CFR Part
in 12 CFR Part in 12 CFR Part 217, Subpart D
325 Appx. A]. 390, Subpart Z, [Reg. Q].
Appx. A].
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]. 12 CFR Part
in 12 CFR Part in 12 CFR Part 217, Subpart E
325 Appx. D]. 390, Subpart Z, [Reg. Q].
Appx. A].
[[Page 79734]]
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]. 12 CFR Part
in 12 CFR Part in 12 CFR Part 217, Subpart F
325 Appx. C]. 390, Subpart Z, [Reg. Q].
Appx. A].
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 324, 12 CFR Part 6; 12 CFR Part 324, 12 CFR Part 208,
Subpart D [Reg. Subpart H Subpart H Subpart D [Reg.
H]; 12 CFR Part [Previously found [Previously found H]; 12 CFR Part
263, Subpart H in 12 CFR Part in 12 CFR Part 263, Subpart H.
325, Subpart B] 390, Subpart Y].
Small Bank Holding Company and 12 CFR Part 225,
Savings and Loan Holding Appx. C [Reg. Y].
Company Policy Statement. 12 CFR Part 225,
Appx. C [Reg. Y].
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OCC Regulations
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Annual Stress Tests............. 12 CFR Part 46 12 CFR Part 46.
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Board Regulations
--------------------------------------------------------------------------------------------------------------------------------------------------------
Capital Planning................ 12 CFR Part 225.8
[Reg. Y].
Domestic Banking Organizations: 12 CFR Part 252, 12 CFR Part 252,
Stress Tests, Risk Committee Subparts B-F and Subparts B-F and
Requirements, Company Run and U [Reg. YY]. U [Reg. YY]. 12
Supervisory, and Enhanced CFR Part 252,
Prudential Standards. Subpart B
[Reg.[hairsp]YY].
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FDIC Regulations
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Annual Stress Tests............. 12 CFR Part 325, 12 CFR Part 325,
Subpart C. Subpart C.
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6. Community Reinvestment Act
--------------------------------------------------------------------------------------------------------------------------------------------------------
All rules under this category were included in the charts published in the First Notice
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7. Consumer Protection
--------------------------------------------------------------------------------------------------------------------------------------------------------
Interagency Regulations
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Loans in Areas Having Special 12 CFR Part 22. 12 CFR Part 12 CFR Part 339 12 CFR Part 22 12 CFR Part 339.
Flood Hazards. 208.25, 208.25
Appx. A, B [Reg.
H].
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8. Directors, Officers, and Employees
--------------------------------------------------------------------------------------------------------------------------------------------------------
FDIC Regulations
--------------------------------------------------------------------------------------------------------------------------------------------------------
Management Official Interlocks.. 12 CFR Part 348.
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9. Money Laundering
--------------------------------------------------------------------------------------------------------------------------------------------------------
All rules under this category were included in the charts published in the First Notice
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[[Page 79735]]
10. Rules of Procedure
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All rules under this category are included in Chart A above
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11. Safety and Soundness
--------------------------------------------------------------------------------------------------------------------------------------------------------
All rules under this category are included in Chart A above
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12. Securities
--------------------------------------------------------------------------------------------------------------------------------------------------------
All rules under this category are included in Chart A above
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Dated: December 16, 2015.
Thomas J. Curry,
Comptroller of the Currency.
By order of the Board of Governors of the Federal Reserve
System, December 11, 2015.
Robert deV. Frierson,
Secretary of the Board.
Dated: December 16, 2015.
By order of the Board of Directors.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2015-32312 Filed 12-22-15; 8:45 am]
BILLING CODE P