United States Government Publishing Office
publisher
pbl
distributor
dst
United States
National Archives and Records Administration
Office of the Federal Register
author
aut
Government Organization
text
government publication
eng
FR
Regulatory Information
2020_register
executive
2020-07-10
article
Branch Application Procedures
Proposed Rules
D09002ee1bdb549c5
D09002ee1bdb54a7a
United States
Federal Deposit Insurance Corporation
originator
org
United States Government Agency or Subagency
The FDIC proposes to amend its application requirements for the establishment and relocation of branches and offices so that such applications would no longer require statements regarding the compliance of such proposals with the National Historic Preservation Act of 1966 (NHPA) and the National Environmental Policy Act of 1969 (NEPA). In connection with an ongoing and comprehensive review of the FDIC's existing regulations and guidance to identify rules or guidance that may be outdated, duplicative, or inconsistent, and after a careful analysis of applicable law, staff has concluded that continued consideration of the NHPA and the NEPA in the review of applications for the establishment of a branch and applications for the relocation of a branch or main office is not required under law and, therefore, consideration of these statutes during the processing of these applications is an unnecessary regulatory requirement for insured state nonmember banks and insured branches of foreign banks. Accordingly, the FDIC proposes to amend its regulations to remove NHPA and NEPA requirements embedded in its branch application procedures, and to rescind its statements of policy regarding the NHPA and the NEPA, consistent with branch application procedures for national banks and insured state member banks supervised by the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System. These statements of policy respectively provide guidance regarding the FDIC's consideration of the NHPA and the NEPA in the context of the FDIC's review of applications for deposit insurance for de novo institutions, the establishment of branches, and relocation domestic branches or main offices.
85 FR 41442
https://www.govinfo.gov/app/details/FR-2020-07-10/2020-14052
2020-14052
fr10jy20-41
RIN 3064-AF54
6714-01-P
https://www.govinfo.gov/app/details/FR-2020-07-10/2020-14052
https://www.govinfo.gov/content/pkg/FR-2020-07-10/html/2020-14052.htm
https://www.govinfo.gov/content/pkg/FR-2020-07-10/pdf/2020-14052.pdf
Administrative Practice and Procedure
Bank Deposit Insurance
Banks
Banking
Reporting and Recordkeeping Requirements
Savings Associations
Authority Delegations (Government Agencies)
Credit
Foreign Banking
Investments
U
S
Investments Abroad
6 p.
41442
41447
85 FR 41442
Code of Federal Regulations
Title 12 Part 303
12 CFR Part 303
Code of Federal Regulations
Title 12 Part 347
12 CFR Part 347
Regulation Identification Number 3064-AF54
RIN 3064-AF54
Branch Application Procedures; Federal Register Vol. 85, Issue
PRORULE
2020-14052
FEDERAL DEPOSIT INSURANCE CORPORATION
2020-08-10
6714-01-P
2020-14052
Proposed rule.
The FDIC proposes to amend its application requirements for the establishment and relocation of branches and offices so that such applications would no longer require statements regarding the compliance of such proposals with the National Historic Preservation Act of 1966 (NHPA) and the National Environmental Policy Act of 1969 (NEPA). In connection with an ongoing and comprehensive review of the FDIC's existing regulations and guidance to identify rules or guidance that may be outdated, duplicative, or inconsistent, and after a careful analysis of applicable law, staff has concluded that continued consideration of the NHPA and the NEPA in the review of applications for the establishment of a branch and applications for the relocation of a branch or main office is not required under law and, therefore, consideration of these statutes during the processing of these applications is an unnecessary regulatory requirement for insured state nonmember banks and insured branches of foreign banks. Accordingly, the FDIC proposes to amend its regulations to remove NHPA and NEPA requirements embedded in its branch application procedures, and to rescind its statements of policy regarding the NHPA and the NEPA, consistent with branch application procedures for national banks and insured state member banks supervised by the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System. These statements of policy respectively provide guidance regarding the FDIC's consideration of the NHPA and the NEPA in the context of the FDIC's review of applications for deposit insurance for de novo institutions, the establishment of branches, and relocation domestic branches or main offices.
Comments must be received on or before August 10, 2020.
Navid Choudhury, Counsel, Consumer Compliance Unit, Legal Division, (202) 898-6526, nchoudhury@fdic.gov; Patricia A. Colohan, Associate Director, Risk Management Examination Branch; (202) 898-7283, pcolohan@fdic.gov.
Administrative Practice and Procedure
Bank Deposit Insurance
Banks
Banking
Reporting and Recordkeeping Requirements
Savings Associations
Authority Delegations (Government Agencies)
Credit
Foreign Banking
Investments
U
S
Investments Abroad
Branch Application Procedures,
Comments@fdic.gov
nchoudhury@fdic.gov
pcolohan@fdic.gov
http://www.regulations.gov
https://www.fdic.gov/regulations/laws/federal/index.html
Federal Register
Vol. 85, no. 133
Office of the Federal Register, National Archives and Records Administration
2020-07-10
continuing
daily
deposited
born digital
595 p.
Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-2020-07-10
P0b002ee1a75faa36
0097-6326
0042-1219
0364-1406
769-004-00000-9
000582072
f:fr10jy20
https://www.govinfo.gov/app/details/FR-2020-07-10
https://www.govinfo.gov/content/pkg/FR-2020-07-10/pdf/FR-2020-07-10.pdf
https://www.govinfo.gov/content/pkg/FR-2020-07-10/xml/FR-2020-07-10.xml
fdlp
41321
41904
DGPO
2020-07-10
2023-04-27
FR-2020-07-10
machine generated
eng
FR
FR-2020-07-10
85
133