[The Regulatory Plan and Unified Agenda of Federal Regulatory and Deregulatory Actions]
[Federal Reserve System Semiannual Regulatory Agenda]
[From the U.S. Government Printing Office, www.gpo.gov]


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Part LIV





Federal Reserve System





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Semiannual Regulatory Agenda

[[Page 74250]]



FEDERAL RESERVE SYSTEM (FRS)                                           


  



_______________________________________________________________________

FEDERAL RESERVE SYSTEM

12 CFR Ch. II

Semiannual Regulatory Flexibility Agenda

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Semiannual regulatory agenda.

_______________________________________________________________________

SUMMARY: The Board is issuing this agenda under the Regulatory 
Flexibility Act and the Board's Statement of Policy Regarding Expanded 
Rulemaking Procedures. The Board anticipates having under consideration 
regulatory matters as indicated below during the period November 1, 
2006, through April 30, 2007. The next agenda will be published in 
spring 2007.

DATES: Comments about the form or content of the agenda may be 
submitted any time during the next 6 months.

ADDRESSES: Comments should be addressed to Jennifer J. Johnson, 
Secretary of the Board, Board of Governors of the Federal Reserve 
System, Washington, DC 20551.

FOR FURTHER INFORMATION CONTACT: A staff contact for each item is 
indicated with the regulatory description below.

SUPPLEMENTARY INFORMATION: The Board is publishing its fall 2006 agenda 
as part of the Fall 2006 Unified Agenda of Federal Regulatory and 
Deregulatory Actions, which is coordinated by the Office of Management 
and Budget under Executive Order 12866. The agenda also identifies 
rules the Board has selected for review under section 610(c) of the 
Regulatory Flexibility Act, and public comment is invited on those 
entries. Participation by the Board in the Unified Agenda is on a 
voluntary basis.

     The Board's agenda is divided into three sections. The first, 
Proposed Rule Stage, reports on matters the Board may consider for 
public comment during the next 6 months. The second section, Final 
Rule Stage, reports on matters that have been proposed and are 
under Board consideration. A third section, Long-Term Actions, 
reports on matters that have been proposed and are under Board 
consideration, but will not be completed within the next year. And 
a fourth section, Completed Actions, reports on regulatory matters 
the Board has completed or is not expected to consider further. 
Matters begun and completed between issues of the agenda have not 
been included.

     A dot ( ) preceding an entry indicates a new matter 
that was not a part of the Board's previous agenda and which the 
Board has not completed.

 Margaret McCloskey Shanks,

Associate Secretary of the Board.

                                   Federal Reserve System--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
4005        Regulation: H--Membership of State Banking Institutions in the Federal Reserve System.    7100-AC73
4006        Regulation: H--Membership of State Banking Institutions in the Federal Reserve System;    7100-AC88
            and Regulation: Y--Bank Holding Companies and Change in Bank Control, Capital
            Appendices (Section 610 Review).......................................................
4007        Regulation: Y--Bank Holding Companies and Change in Bank Control......................    7100-AC66
4008        Regulation Z--Truth in Lending (Docket Number R-1217).................................    7100-AC97
----------------------------------------------------------------------------------------------------------------


                                    Federal Reserve System--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
4009        Regulation D--Reserve Requirements of Depository Institutions (Docket Number: R-1262).    7100-AD04
4010        Regulation E--Electronic Funds Transfers (Docket Number: R-1247)......................    7100-AD01
4011        Regulation: H--Membership of State Banking Institutions in the Federal Reserve System     7100-AC69
            (Docket Number: R-1064)...............................................................
4012        Regulation S--Threshold for the Requirement To Collect, Retain, and Transmit              7100-AD03
            Information on Funds Transfers and Transmittals of Funds (Docket Number: R-1258)......
4013        Regulation: V--Fair Credit Reporting (Docket Number: R-1203)..........................    7100-AC95
4014        Regulation: Y--Bank Holding Companies and Change in Bank Control (Docket Number: R-       7100-AC81
            1094).................................................................................
4015        Regulation Y--Bank Holding Companies and Change in Bank Control, Capital Appendices       7100-AD02
            (Docket Number: R-1235)...............................................................
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                                    Federal Reserve System--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
4016        Regulation: V--Fair Credit Reporting (Docket Number: R-1082)..........................    7100-AC68
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[[Page 74251]]


                                    Federal Reserve System--Completed Actions
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                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
4017        Regulation: H--Membership of State Banking Institutions in the Federal Reserve System;    7100-AC75
            and Regulation: Y--Bank Holding Companies and Change in Bank Control (Docket Number: R-
            1087).................................................................................
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


Federal Reserve System (FRS)                        Proposed Rule Stage


  



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4005. REGULATION: H--MEMBERSHIP OF STATE BANKING INSTITUTIONS IN THE 
FEDERAL RESERVE SYSTEM

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 12 USC 1828(t)

CFR Citation: 12 CFR 208

Legal Deadline: None

Abstract: Section 204 of the Gramm-Leach-Bliley Act added a new 
subsection (t) to section 18 of the Federal Deposit Insurance Act 
requiring the Board, in consultation with the Securities and Exchange 
Commission, to establish record keeping requirements for state member 
banks and branches and agencies of foreign banks that rely on the 
exceptions from the definition of broker or dealer provided in section 
3(a)(4) or (5) of the Securities Exchange Act of 1934.
The Board anticipates issuing for public comment a rule that would 
implement these record keeping requirements. The Board notes that the 
Securities and Exchange Commission has, by rule, delayed the effective 
date of the new exemptions for banks contained in section 3(a)(4) of 
the Securities Exchange Act of 1934, and has requested public comment 
on revised rules to implement the ``broker'' exception in section 
3(a)(4) of the Securities and Exchange Act. (See 60 FR 39682 (June 20, 
2004) and 70 FR 54596 (September 15, 2005)). In light of these 
developments, the Board has delayed adopting a record keeping rule 
pending action by the Securities and Exchange Commission. It is not 
anticipated that the Board's proposal, when issued, would have a 
significant economic impact on a substantial number of small entities 
subject to the Board's regulation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Board requested comment         06/30/04                    69 FR 39682
Board will consider requesting 
additional comment by           12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: Kieran J. Fallon, Assistant General Counsel, Federal 
Reserve System, Legal Division
Phone: 202 452-5270

RIN: 7100-AC73
_______________________________________________________________________




4006. REGULATION: H--MEMBERSHIP OF STATE BANKING INSTITUTIONS IN THE 
FEDERAL RESERVE SYSTEM; AND REGULATION: Y--BANK HOLDING COMPANIES AND 
CHANGE IN BANK CONTROL, CAPITAL APPENDICES (SECTION 610 REVIEW)

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 24 to 24a; 12 USC 36; 12 USC 92a; . . .

CFR Citation: 12 CFR 208 app A; 12 CFR 208 app D; 12 CFR 208 app E; 12 
CFR 225 app A; 12 CFR 225 app D; 12 CFR 225 app E

Legal Deadline: None

Abstract: The capital appendices to Regulations H and Y set forth 
guidelines for institutions in calculating their regulatory capital 
requirements, both risk-based and leveraged.
The guidelines are continuously monitored and updated as required to 
reflect market innovations, accounting changes, or modifications to 
supervisory policy. In August 2003, the Board along with the other 
Federal banking agencies issued an advance notice of proposed 
rulemaking (ANPRM) seeking public comment on a range of possible 
modifications to the risk-based capital rules developed in conjunction 
with on-going revisions to the Basel Accord. After considering comments 
received on the ANPRM, the Board and the other Federal banking agencies 
expect to publish a notice of proposed rulemaking (NPRM) in the second 
half of 2006 that would require some and permit other qualifying 
banking organizations to use an internal ratings-based approach to 
calculate regulatory credit risk capital requirements and advanced 
measurement approaches to calculate regulatory operational risk capital 
requirements.
The Board approved requesting comment on the NPRM at a public meeting 
on March 30, 2006. The Board is currently waiting for the FDIC Board to 
approve the NPR before publication in the Federal Register.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Board Requested Comment         09/25/06                    71 FR 55830
Board To Consider Additional 
Action                          07/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: Barbara Bouchard, Deputy Associate Director, Federal 
Reserve System, Division of Banking Supervision and Regulation
Phone: 202 452-3072

RIN: 7100-AC88

[[Page 74252]]

_______________________________________________________________________




4007. REGULATION: Y--BANK HOLDING COMPANIES AND CHANGE IN BANK CONTROL

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1844(b)

CFR Citation: 12 CFR 225

Legal Deadline: None

Abstract: Title I of the Gramm-Leach-Bliley Act (GLB Act) makes a 
number of miscellaneous amendments to sections 3, 4, and 5 of the Bank 
Holding Company Act of 1956 (BHC Act) and adds a new section 10A to the 
BHC Act. These amendments, among other things, prohibit the Board from 
determining that new activities are closely related to banking under 
section 4(c)(8) of the BHC Act; streamline the Board's reporting, 
examination, and other supervisory authority over bank holding 
companies and their subsidiaries; reduce the restrictions applicable to 
companies that control ``nonbank banks'' that are exempt from the 
nonbanking restrictions of the BHC Act under section 4(f) of that Act; 
and repeal the savings bank life insurance provisions currently set 
forth in section 3(g) of the BHC Act.
The Board will consider issuing for public comment amendments to 
Regulation Y to implement the provisions of the GLB Act affecting the 
BHC Act that have not previously been addressed in rules adopted by the 
Board. The Board will also consider issuing for public comment a 
proposed series of technical changes to Regulation Y necessitated by 
the GLB Act, as well as a general reorganization of Regulation Y. It is 
not anticipated that the proposals will have a significant economic 
impact on a substantial number of small entities subject to the Board's 
regulation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Board will consider requesting 
comment by                      07/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: Andrew S. Baer, Counsel, Federal Reserve System, Legal 
Division
Phone: 202 452-2246

RIN: 7100-AC66
_______________________________________________________________________




4008. REGULATION Z--TRUTH IN LENDING (DOCKET NUMBER R-1217)

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 1601 et seq

CFR Citation: 12 CFR 226 et seq

Legal Deadline: None

Abstract: In December 2004, the Board published an advance notice of 
proposed rulemaking (ANPRM) to commence a review of the open-end 
(revolving) credit rules of the Board's Regulation Z, which implements 
the Truth in Lending Act (TILA), and the regulation's official staff 
commentary. The Board periodically reviews each of its regulations to 
update them, if necessary.
The ANPRM seeks comment on a variety of specific issues relating to 
three broad categories: the format of open-end credit disclosures, the 
content of the disclosures, and the substantive protections provided 
under the regulations. It solicits comments on the scope of the review, 
and also requests commenters to identify other issues that the Board 
should consider addressing in the review.
In October 2005, the Board published a second ANPRM that seeks comment 
on issues relating to the implementation of amendments to TILA 
contained in federal bankruptcy reform legislation. The Board plans to 
incorporate the implementation of these TILA amendments into the 
Regulation Z review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Board requested comment         12/08/04                    69 FR 70925
Board requested additional 
comments                        10/17/05                    70 FR 60235
Further Board action by         03/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: Jane Ahrens, Senior Counsel, Federal Reserve System, 
Division of Consumer and Community Affairs
Phone: 202 452-3667

RIN: 7100-AC97
_______________________________________________________________________


Federal Reserve System (FRS)                           Final Rule Stage


  



_______________________________________________________________________




4009. [bull] REGULATION D--RESERVE REQUIREMENTS OF DEPOSITORY 
INSTITUTIONS (DOCKET NUMBER: R-1262)

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority: 12 USC 248a; 12 USC 371a; 12 USC 461; 12 USC 601; 12 
USC 611

CFR Citation: 12 CFR 204

Legal Deadline: None

Abstract: The Board proposes to revise its 1980 interpretation of 
Regulation D setting forth criteria for the criteria for the ``bankers' 
bank'' exemption from reserve requirements. The proposed revisions 
would authorize the Board to determine, on a case by case basis, 
whether certain entities not already expressed authorized in the 
interpretation may become customers to a limited extent of bankers' 
bank.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Board requested comment         08/14/06                    71 FR 46411
Further Board action by         01/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: Heatherun Allison, Senior Counsel, Federal Reserve 
System, Legal Division

[[Page 74253]]

Phone: 202 452-3565

RIN: 7100-AD04
_______________________________________________________________________




4010. REGULATION E--ELECTRONIC FUNDS TRANSFERS (DOCKET NUMBER: R-1247)

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority: 12 USC 1693(a); 12 USC 1693(d)

CFR Citation: 12 CFR 205.2; 12 CFR 205.18

Legal Deadline: None

Abstract: The interim final rule provides that payroll card accounts 
established directly or indirectly by an employer on behalf of a 
consumer to which electronic funds transfers of the consumer's salary, 
wages, or other employee compensation are made on a recurring basis are 
accounts covered by Regulation E.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/10/06                     71 FR 1473
Further Board action by         12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: Local, State

Agency Contact: Ky Tran-Trong, Senior Attorney, Federal Reserve System, 
Division of Consumer and Community Affairs
Phone: 202 452-3667

RIN: 7100-AD01
_______________________________________________________________________




4011. REGULATION: H--MEMBERSHIP OF STATE BANKING INSTITUTIONS IN THE 
FEDERAL RESERVE SYSTEM (DOCKET NUMBER: R-1064)

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 335; 12 USC 1835a

CFR Citation: 12 CFR 208

Legal Deadline: None

Abstract: In March 2000, the Board approved an interim rule with 
request for public comment amending Regulation H to implement section 
121 of the Gramm-Leach-Bliley Act for state member banks (65 FR 14810, 
March 20, 2000). Section 121 in part authorizes state member banks to 
control, or hold an interest in, financial subsidiaries so as to 
conduct certain activities that are financial in nature or incidental 
to a financial activity. In August 2001, following review of the public 
comments, the Board adopted the final rule substantially as proposed 
(66 FR 42929, August 16, 2001).
The Board will also consider issuing for public comment a proposed rule 
in place of an existing Miscellaneous Interpretation (12 CFR 250.141) 
relating to member bank purchases of stock in operations subsidiaries 
to update its provisions and conform to section 121. It is not 
anticipated that the proposal will have a significant economic impact 
on a substantial number of small entities subject to the Board's 
regulation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Board requested comment on 
interim rule                    03/20/00                    65 FR 14810
Board adopted interim rule      08/16/01                    66 FR 42929
Board will consider requesting 
comment on replacement rule by  06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: Patricia A. Robinson, Assistant General Counsel, 
Federal Reserve System, Legal Division
Phone: 202 452-3005

RIN: 7100-AC69
_______________________________________________________________________




4012. [bull] REGULATION S--THRESHOLD FOR THE REQUIREMENT TO COLLECT, 
RETAIN, AND TRANSMIT INFORMATION ON FUNDS TRANSFERS AND TRANSMITTALS OF 
FUNDS (DOCKET NUMBER: R-1258)

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 12 USC 1829b; 12 USC 1951

CFR Citation: 12 CFR 219

Legal Deadline: None

Abstract: The Financial Crimes Enforcement Network (FinCEN) of the 
Department of the Treasury and the Board of Governors of the Federal 
Reserve System (Board) are reviewing the threshold in the rule that 
triggers the obligation of banks and nonbank financial institutions to 
collect, retain, and transmit information on funds transfers and 
transmittals of funds. Currently, the requirement to collect, retain, 
and transmit information on funds transfers and transmittals of funds 
applies only to funds transfers and transmittals of funds in amounts of 
$3,000 or more. FinCEN and the Board requested comment from the public, 
including law enforcement and financial institutions, to assess whether 
the potential benefit to law enforcement of a lower threshold outweighs 
the potential burden to financial institutions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Request Board action by         12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: James K. Owens, Manager, Wholesale Payments Section, 
Federal Reserve System
Phone: 202 728-5848

RIN: 7100-AD03
_______________________________________________________________________




4013. REGULATION: V--FAIR CREDIT REPORTING (DOCKET NUMBER: R-1203)

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 1681 et seq

CFR Citation: 12 CFR 222

Legal Deadline: None

Abstract: On December 4, 2003, the President signed into law the Fair 
and Accurate Credit Transactions Act of 2003 (FACT Act), Public Law 
108-159, 117 Stat.1952, which amends the Fair Credit Reporting Act 
(FCRA). Section 214 of the FACT Act adds a new section 624 of the FCRA. 
This new provision gives consumers the right to restrict a person from 
using certain information about a consumer obtained from an affiliate 
to make solicitations to that consumer. That section also requires the 
Agencies, in consultation and coordination with each other, to issue 
regulations in final form

[[Page 74254]]

implementing section 214 not later than 9 months after the date of 
enactment. These rules must become effective not later than 6 months 
after the date on which they are issued in final form.
The proposed rules were issued by the Board, the Federal Deposit 
Insurance Corporation, the National Credit Union Administration, the 
Office of the Comptroller of the Currency, and the Office of Thrift 
Supervision. The Federal Trade Commission (FTC) and the Securities and 
Exchange Commission (SEC) are also required to issue regulations under 
new section 624 in consultation and coordination with the Agencies. The 
FTC published its proposed rule on June 15, 2004 (69 FR 33324), and the 
SEC published its proposed rule on July 8, 2004 (69 FR 42302).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Board requested comment         07/15/04                    69 FR 42501
Board expects further action by 12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: David A. Stein, Counsel, Federal Reserve System, 
Division of Consumer and Community Affairs
Phone: 202 452-2412

RIN: 7100-AC95
_______________________________________________________________________




4014. REGULATION: Y--BANK HOLDING COMPANIES AND CHANGE IN BANK CONTROL 
(DOCKET NUMBER: R-1094)

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1843

CFR Citation: 12 CFR 225.86(e)

Legal Deadline: None

Abstract: In December 2000, the Board, jointly with the Department of 
the Treasury, issued interim rules with request for public comment to 
implement section 4(k)(5) of the Bank Holding Company Act and section 
5136A(b)(3) of the Revised Statutes, which were added by the Gramm-
Leach-Bliley Act (66 FR 257, January 3, 2001). The interim rules 
specify three general types of activities to be financial in nature or 
incidental to a financial activity, and create a mechanism by which 
financial holding companies, financial subsidiaries of national banks, 
or others may request that the Board or the Secretary of the Treasury, 
respectively, define particular activities within one of the three 
categories. Such activities would therefore be permissible for 
financial holding companies and financial subsidiaries of national 
banks. The rules are not expected to have a significant economic impact 
on a substantial number of small entities. Following review of the 
public comments, the Board will take further action.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Board requested comment         01/03/01                      66 FR 257
Further Board action by         07/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: Andrew S. Baer, Counsel, Federal Reserve System, Legal 
Division
Phone: 202 452-2246

RIN: 7100-AC81
_______________________________________________________________________




4015. REGULATION Y--BANK HOLDING COMPANIES AND CHANGE IN BANK CONTROL, 
CAPITAL APPENDICES (DOCKET NUMBER: R-1235)

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 12 USC 1817(j)(13); 12 USC 1818; 12 USC 1828 (o); 12 
USC 1831; . . .

CFR Citation: 12 CFR 225; . . .

Legal Deadline: None

Abstract: The capital appendices (appendices A & D) to Regulation Y set 
forth guidelines for institutions to calculate their regulatory capital 
requirements, both risk-based and leveraged. Appendix C, the Board's 
Small Bank Holding Company Policy Statement, sets forth guidelines 
facilitating the transfer of small banks and for exempting, under 
specific circumstances, certain small bank holding companies from the 
consolidated capital guidelines.
The guidelines are continuously monitored and revised as required to 
reflect market innovations, accounting changes, or modifications to 
supervisory policy. In February 2006, the Board revised the Small Bank 
Holding Company Policy Statement (Appendix C of Regulation Y) raising 
its asset size threshold from $150 million to $500 million and revising 
other criteria used in determining whether a small bank holding company 
may qualify for coverage under the Policy Statement. The Board also 
revised the asset threshold and other qualifying criteria for small 
bank holding companies that may be exempt from the capital guidelines 
(appendices A & D). The revisions were made in order to update the 
guidelines especially considering the impact of industry consolidation 
since the last Policy Statement was issued in 1980. The 2006 final rule 
was adopted substantially as proposed in 2005.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Board requested comment         09/08/05                    70 FR 53320
Further Board action by         12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Barbara Bouchard, Deputy Associate Director, Federal 
Reserve System, Division of Banking Supervision and Regulation
Phone: 202 452-3072

RIN: 7100-AD02

[[Page 74255]]

_______________________________________________________________________


Federal Reserve System (FRS)                          Long-Term Actions


  



_______________________________________________________________________




4016. REGULATION: V--FAIR CREDIT REPORTING (DOCKET NUMBER: R-1082)

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 222

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Board requested comment         10/20/00                    65 FR 63120
Further Board action by         12/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: David A. Stein
Phone: 202 452-2412

RIN: 7100-AC68
_______________________________________________________________________


Federal Reserve System (FRS)                          Completed Actions


  



_______________________________________________________________________




4017. REGULATION: H--MEMBERSHIP OF STATE BANKING INSTITUTIONS IN THE 
FEDERAL RESERVE SYSTEM; AND REGULATION: Y--BANK HOLDING COMPANIES AND 
CHANGE IN BANK CONTROL (DOCKET NUMBER: R-1087)

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 24; 12 USC 36; 12 USC 92a; 12 USC 93a; . . .

CFR Citation: 12 CFR 208; 12 CFR 225

Legal Deadline: None

Abstract: In December 2000, the Board issued an interim rule, with 
request for public comment, amending Regulations H and Y to effectively 
reduce the capital requirement for certain securities borrowing 
transactions (65 FR 75856, December 5, 2000). The proposed amendments 
recognized the historically low risk of these transactions to bring the 
capital requirements for U.S. banking organizations into better 
alignment with the capital requirements of other U.S. and non-U.S. 
regulators of financial institutions. The proposed amendments had 
little or no effect on small banking organizations subject to the 
Board's regulation, as securities borrowing activities are concentrated 
in a relatively small number of very large banking organizations. The 
Board issued a final rule on February 22, 2006, 71 FR 8932.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Board requested comment         12/05/00                    65 FR 75856
Board issued final rule         02/22/06                     71 FR 8932

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: David Adkins, Supervisory Financial Analyst, Federal 
Reserve System, Division of Banking Supervision and Regulation
Phone: 202 452-5259

RIN: 7100-AC75
[FR Doc. 06-7565 Filed 12-08-06; 8:45 am]
BILLING CODE 6210-01-S