[Federal Register Volume 78, Number 244 (Thursday, December 19, 2013)]
[Proposed Rules]
[Pages 76768-76772]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-29787]


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Proposed Rules
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains notices to the public of 
the proposed issuance of rules and regulations. The purpose of these 
notices is to give interested persons an opportunity to participate in 
the rule making prior to the adoption of the final rules.

========================================================================


Federal Register / Vol. 78, No. 244 / Thursday, December 19, 2013 / 
Proposed Rules

[[Page 76768]]



FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Parts 346 and 390

RIN 3064-AE09


Removal of Transferred OTS Regulations Regarding Disclosure and 
Reporting of CRA-Related Agreements and Amendments to Other Rules and 
Regulations

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Notice of proposed rulemaking.

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SUMMARY: In this notice of proposed rulemaking, the Federal Deposit 
Insurance Corporation (``FDIC'') proposes to rescind and remove a 
regulation entitled ``Disclosure and Reporting of CRA-Related 
Agreements.'' This regulation was included in the regulations that were 
transferred to the FDIC from the Office of Thrift Supervision (``OTS'') 
on July 21, 2011, in connection with the implementation of applicable 
provisions of Title III of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act (``Dodd-Frank Act''). The requirements for 
State savings associations in the rescinded regulation are 
substantively similar to those in another regulation also entitled 
``Disclosure and Reporting of CRA-Related Agreements,'' which is 
applicable for all insured depository institutions (``IDIs'') for which 
the FDIC has been designated the appropriate Federal banking agency.
    Upon removal of the rescinded regulation entitled ``Disclosure and 
Reporting of CRA-Related Agreements,'' regulations applicable for all 
IDIs for which the FDIC has been designated the appropriate Federal 
banking agency will be found at the regulation also entitled 
``Disclosure and Reporting of CRA-Related Agreements.''

DATES: Comments must be received on or before February 18, 2014.

ADDRESSES: You may submit comments by any of the following methods:
     FDIC Web site: http://www.fdic.gov/regulations/laws/federal/propose.html. Follow instructions for submitting comments on 
the agency Web site.
     FDIC Email: Comments@fdic.gov. Include RIN 3064-AE09 on 
the subject line of the message.
     FDIC Mail: Robert E. Feldman, Executive Secretary, 
Attention: Comments, Federal Deposit Insurance Corporation, 550 17th 
Street, NW., Washington, DC 20429.
     Hand Delivery to FDIC: Comments may be hand delivered to 
the guard station at the rear of the 550 17th Street building (located 
on F Street) on business days between 7 a.m. and 5 p.m.
    Please include your name, affiliation, address, email address, and 
telephone number(s) in your comment. Where appropriate, comments should 
include a short Executive Summary consisting of no more than five 
single-spaced pages. All statements received, including attachments and 
other supporting materials, are part of the public record and are 
subject to public disclosure. You should submit only information that 
you wish to make publicly available.

    Please note:  All comments received will be posted generally 
without change to http://www.fdic.gov/regulations/laws/federal/propose.html, including any personal information provided. Paper 
copies of public comments may be requested from the Public 
Information Center by telephone at 1-877-275-3342 or 1-703-562-2200.


FOR FURTHER INFORMATION CONTACT: Patience Singleton, Division of 
Depositor and Consumer Protection, (202) 898-6859; Martha L. Ellett, 
Legal Division, (202) 898-6765; Richard M. Schwartz, Legal Division, 
(202) 898-7424; Jennifer Maree, Legal Division, (202) 898-6543.

SUPPLEMENTARY INFORMATION:

I. Background

The Dodd-Frank Act

    The Dodd-Frank Act \1\ provided for a substantial reorganization of 
the regulation of State and Federal savings associations and their 
holding companies. Beginning July 21, 2011, the transfer date 
established by section 311 of the Dodd-Frank Act, codified at 12 U.S.C. 
5411, the powers, duties, and functions formerly performed by the OTS 
were divided among the FDIC, as to State savings associations, the 
Office of the Comptroller of the Currency (``OCC''), as to Federal 
savings associations, and the Board of Governors of the Federal Reserve 
System (``FRB''), as to savings and loan holding companies. Section 
316(b) of the Dodd-Frank Act, codified at 12 U.S.C. 5414(b), provides 
the manner of treatment for all orders, resolutions, determinations, 
regulations, and advisory materials that had been issued, made, 
prescribed, or allowed to become effective by the OTS. The section 
provides that if such materials were in effect on the day before the 
transfer date, they continue to be in effect and are enforceable by or 
against the appropriate successor agency until they are modified, 
terminated, set aside, or superseded in accordance with applicable law 
by such successor agency, by any court of competent jurisdiction, or by 
operation of law.
---------------------------------------------------------------------------

    \1\ Dodd-Frank Wall Street Reform and Consumer Protection Act, 
Public Law 111-203, 124 Stat. 1376 (2010).
---------------------------------------------------------------------------

    Section 316(c) of the Dodd-Frank Act, codified at 12 U.S.C. 
5414(c), further directed the FDIC and the OCC to consult with one 
another and to publish a list of the continued OTS regulations that 
would be enforced by the FDIC and the OCC, respectively. On June 14, 
2011, the FDIC's Board of Directors approved a ``List of OTS 
Regulations to be Enforced by the OCC and the FDIC Pursuant to the 
Dodd-Frank Wall Street Reform and Consumer Protection Act.'' This list 
was published by the FDIC and the OCC as a Joint Notice in the Federal 
Register on July 6, 2011.\2\
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    \2\ 76 FR 39247 (July 6, 2011).
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    Although section 312(b)(2)(B)(i)(II) of the Dodd-Frank Act, 
codified at 12 U.S.C. 5412(b)(2)(B)(i)(II), granted the OCC rulemaking 
authority relating to both State and Federal savings associations, 
nothing in the Dodd-Frank Act affected the FDIC's existing authority to 
issue regulations under the FDI Act and other laws as the ``appropriate 
Federal banking agency'' or under similar statutory terminology. 
Section 312(c) of the Dodd-Frank Act amended the definition of 
``appropriate Federal banking agency'' contained in section 3(q) of the 
FDI Act, 12 U.S.C. 1813(q), to add State savings associations to the 
list of entities for which the FDIC is designated as the ``appropriate 
Federal banking agency.''

[[Page 76769]]

As a result, when the FDIC acts as the designated ``appropriate Federal 
banking agency'' (or under similar terminology) for State savings 
associations, as it does here, the FDIC is authorized to issue, modify 
and rescind regulations involving such associations, as well as for 
State nonmember banks and insured branches of foreign banks.
    As noted, on June 14, 2011, pursuant to this authority, the FDIC's 
Board of Directors reissued and redesignated certain transferring 
regulations of the former OTS. These transferred OTS regulations were 
published as new FDIC regulations in the Federal Register on August 5, 
2011.\3\ When it republished the transferred OTS regulations as new 
FDIC regulations, the FDIC specifically noted that its staff would 
evaluate the transferred OTS rules and might later recommend 
incorporating the transferred OTS regulations into other FDIC rules, 
amending them, or rescinding them, as appropriate.
---------------------------------------------------------------------------

    \3\ 76 FR 47652 (Aug. 5, 2011).
---------------------------------------------------------------------------

    One of the OTS rules transferred to the FDIC governed OTS oversight 
of disclosure and reporting of CRA-related agreements in the context of 
State savings associations. The OTS rule, formerly found at 12 CFR part 
533, was transferred to the FDIC with only minor nonsubstantive changes 
and is now found in the FDIC's rules at part 390, subpart H, entitled 
``Disclosure and Reporting of CRA-Related Agreements.'' Before the 
transfer of the OTS rules and continuing today, the FDIC's rules 
contained part 346, also entitled ``Disclosure and Reporting of CRA-
Related Agreements,'' a rule governing FDIC oversight of disclosure and 
reporting of CRA-related agreements with respect to IDIs for which the 
FDIC has been designated the appropriate Federal banking agency. After 
careful review and comparison of part 390, subpart H and part 346, the 
FDIC proposes to rescind part 390, subpart H, because, as discussed 
below, it is substantively redundant to existing part 346 and 
simultaneously we propose to make technical conforming edits to our 
existing rule.

FDIC's Existing 12 CFR Part 346 and Former OTS's Part 533 (Transferred, 
in Part, to FDIC's Part 390, Subpart H)

    Section 711 of the Gramm-Leach-Bliley Act (``GLB Act'') \4\ added 
section 48 to the FDI Act,\5\ entitled ``CRA Sunshine Requirements.'' 
Section 48 applies to written agreements that (1) are made in 
fulfillment of the Community Reinvestment Act of 1977 (``CRA''),\6\ (2) 
involve funds or other resources of an IDI or affiliate with an 
aggregate value of more than $10,000 in a year, or loans with an 
aggregate principal value of more than $50,000 in a year, and (3) are 
entered into by an IDI or affiliate of an IDI and a nongovernmental 
entity or person (``NGEP''). The provisions of section 48 of the FDI 
Act require NGEPs, IDIs, and affiliates of IDIs that are parties to 
certain agreements that are in fulfillment of the CRA to make the 
agreements available to the public and the appropriate agency and to 
file annual reports concerning the agreements with the appropriate 
agency.
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    \4\ Gramm-Leach-Bliley Act, Public Law 106-102, 113 Stat. 1338 
(1999).
    \5\ 12 U.S.C. 1831y (1999).
    \6\ Community Reinvestment Act of 1977, Public Law 95-128, 91 
Stat. 1147 (1977) (codified at 12 U.S.C. 2901 et seq.).
---------------------------------------------------------------------------

    On January 10, 2001, pursuant to section 711 of the GLB Act,\7\ the 
FDIC, the OTS, the OCC, and the FRB, published a joint final rule \8\ 
to implement the CRA sunshine provisions of section 48 of the FDI Act. 
The joint final rule identifies the types of written agreements that 
are covered by section 48 (referred to as ``covered agreements'') and 
defines many of the terms used in the statute. The rule also describes 
how the parties to a covered agreement must make the agreements 
available to the public and the appropriate agencies and explains the 
type of information that must be included in the annual report filed by 
a party to a covered agreement.\9\
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    \7\ 12 U.S.C. 1831y(h)(1).
    \8\ 66 FR 2052 (Jan. 10, 2001).
    \9\ Id.
---------------------------------------------------------------------------

    Section 48 of the FDI Act, created by section 711 of the GLB Act, 
instructs the FDIC, OTS, OCC, and FRB (collectively, the ``Federal 
banking agencies'') to consult and coordinate with one another ``for 
the purposes of assuring, to the extent possible, that the regulations 
prescribed by each such agency are consistent and comparable with the 
regulations prescribed by the other such agencies.'' \10\ The Federal 
banking agencies consulted and coordinated with respect to this 
rulemaking and on an interagency basis jointly issued rules that are 
substantively identical with regard to their reporting and disclosure 
requirements,\11\ including an identical definition of ``covered 
agreement.'' \12\ Accordingly, the portion of the OTS regulations that 
applied to State savings associations and their subsidiaries, 
originally codified at 12 CFR part 533 and subsequently transferred to 
FDIC's part 390, subpart H, is substantively similar to the current 
FDIC regulations codified at 12 CFR part 346. Specifically, part 346 of 
the FDIC regulations applies to State nonmember insured banks and their 
subsidiaries,\13\ while part 390, subpart H applies to State savings 
associations, their subsidiaries and their affiliates.\14\ Therefore, 
by amending Part 346 to cover State savings associations and rescinding 
part 390, subpart H, the FDIC will streamline its regulations and 
reduce redundancy.
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    \10\ 12 U.S.C. 1831y(h)(4).
    \11\ 66 FR 2099 (Jan. 10, 2001).
    \12\ See 12 CFR 346.2; 12 CFR 390.161; 12 CFR 533.2.
    \13\ 12 CFR 346.1.
    \14\ 12 CFR 390.160.
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    Although the former OTS rule and part 390, subpart H covers savings 
and loan holding companies that are affiliated with savings 
associations as well as the savings associations, the FDIC does not 
supervise savings and loan or bank holding companies for purposes of 
this rule. Section 312 of the Dodd-Frank Act \15\ divides and transfers 
the functions of the former OTS to the FDIC, OCC, and FRB by amending 
section 1813(q) of the FDI Act. Specifically, section 312 transfers the 
former OTS's power to regulate State savings associations to the FDIC, 
while it transfers the power to regulate savings and loan holding 
companies to the FRB.\16\ As a result, whereas the former OTS part 533 
applied to State savings associations, their subsidiaries and their 
affiliates as well as to savings and loan holding companies,\17\ upon 
transfer of part 533 to FDIC's part 390, subpart H, only the authority 
over State savings associations and their subsidiaries was transferred 
to the FDIC for purposes of this rule.\18\ The FRB currently has 
jurisdiction over the regulation and supervision of disclosure and 
reporting of CRA-related agreements as it applies to affiliates, 
including savings and loan holding companies of State savings 
associations.\19\ For this reason, the existing reference to affiliates 
in part 390, subpart H is not proposed to be added to part 346 of the 
FDIC rules.
---------------------------------------------------------------------------

    \15\ Dodd-Frank Wall Street Reform and Consumer Protection Act, 
Public Law. 111-203, 124 Stat. 1376 (2010) (codified at 12 U.S.C. 
5412).
    \16\ 12 U.S.C. 5412.
    \17\ 12 CFR 533.1.
    \18\ 12 CFR 390.160.
    \19\ 12 CFR 207.1.
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    After careful comparison of the FDIC's part 346 with the 
transferred OTS rule in part 390, subpart H, the FDIC has concluded 
that, with the exception of the scope of the two sections which changed 
as a result of the Dodd-Frank Act, the transferred OTS rules governing 
disclosure and reporting of CRA-related agreements are substantively 
redundant. Therefore, based on the foregoing, the FDIC proposes to 
rescind and remove

[[Page 76770]]

from the Code of Federal Regulations the rules located at part 390, 
subpart H and to make minor conforming changes to part 346 to 
incorporate State savings associations.

II. The Proposal

    Regarding the functions of the former OTS that were transferred to 
the FDIC, section 316(b)(3) of the Dodd-Frank Act, 12 U.S.C. 
5414(b)(3), in pertinent part, provides that the former OTS's 
regulations will be enforceable by the FDIC until they are modified, 
terminated, set aside, or superseded in accordance with applicable law. 
After reviewing the rules currently found in part 390, subpart H, the 
FDIC, as the appropriate Federal banking agency for State savings 
associations, proposes to rescind part 390, subpart H in its entirety. 
The FDIC also proposes (1) to modify to the scope of part 346 to 
include State savings associations and their subsidiaries to conform to 
and reflect the scope of FDIC's current supervisory responsibilities as 
the appropriate Federal banking agency, and (2) to add a new subsection 
(m), which would define ``State savings association'' as having the 
same meaning as in section 3(b)(3) of the Federal Deposit Insurance Act 
(12 U.S.C. 1813(b)(3)). If the proposal is finalized, oversight of 
disclosure and reporting of CRA-related agreements in part 346 would 
apply to all FDIC-supervised institutions, including State savings 
associations, and part 390, subpart H would be removed because it is 
largely redundant of those rules found in part 346. Rescinding part 
390, subpart H will serve to streamline the FDIC's rules and eliminate 
unnecessary regulations.

III. Request for Comments

    The FDIC invites comments on all aspects of this proposed 
rulemaking, and specifically requests comments on the following:
    (1) Are there any specific provisions of part 346 that are outdated 
or obsolete, or are behind industry standards? If so, please describe 
and recommend alternate disclosure and reporting methodology.
    (2) Are the provisions of proposed part 346 sufficient to provide 
adequate disclosure and reporting of CRA-related agreements? Are the 
provisions of proposed part 346 overly burdensome? Please substantiate 
your answer.
    (3) What impacts, positive or negative, can you foresee in the 
FDIC's proposal to rescind part 390, subpart H?
    Written comments must be received by the FDIC no later than 
February 18, 2014.

IV. Regulatory Analysis and Procedure

A. The Paperwork Reduction Act

    In accordance with the requirements of the Paperwork Reduction Act 
(``PRA'') of 1995, 44 U.S.C. 3501-3521, the FDIC may not conduct or 
sponsor, and the respondent is not required to respond to, an 
information collection unless it displays a currently valid Office of 
Management and Budget (``OMB'') control number.
    The Proposed Rule would rescind and remove from FDIC regulations 
part 390, subpart H. This rule was transferred with only nominal 
changes to the FDIC from the OTS when the OTS was abolished by Title 
III of the Dodd-Frank Act. Part 390, subpart H is largely redundant of 
the FDIC's existing part 346 regarding disclosure and reporting of CRA-
related agreements. The information collections contained in part 346 
are cleared by OMB under the FDIC's ``CRA Sunshine'' information 
collection (OMB No. 3064-0139). The FDIC reviewed its burden estimates 
for the collection at the time it assumed responsibility for 
supervision of State savings associations transferred from the OTS and 
determined that no changes to the burden estimates were necessary. This 
Proposed Rule will not modify the FDIC's existing collection and does 
not involve any new collections of information pursuant to the PRA.
    Finally, the Proposed Rule would amend sections 346.1 and 346.11 to 
include State savings associations and their subsidiaries within the 
scope of part 346 and to define ``State savings association,'' 
respectively. These measures clarify that State savings associations, 
as well as State nonmember banks are subject to part 346. Thus, these 
provisions of the Proposed Rule will not involve any new collections of 
information under the PRA or impact current burden estimates. Based on 
the foregoing, no information collection request has been submitted to 
the OMB for review.

B. The Regulatory Flexibility Act

    The Regulatory Flexibility Act (``RFA''), requires that, in 
connection with a notice of proposed rulemaking, an agency prepare and 
make available for public comment an initial regulatory flexibility 
analysis that describes the impact of the proposed rule on small 
entities (defined in regulations promulgated by the Small Business 
Administration to include banking organizations with total assets of 
less than or equal to $500 million).\20\ However, a regulatory 
flexibility analysis is not required if the agency certifies that the 
rule will not have a significant economic impact on a substantial 
number of small entities, and publishes its certification and a short 
explanatory statement in the Federal Register together with the rule. 
For the reasons provided below, the FDIC certifies that the Proposed 
Rule, if adopted in final form, would not have a significant economic 
impact on a substantial number of small entities. Accordingly, a 
regulatory flexibility analysis is not required.
---------------------------------------------------------------------------

    \20\ 5 U.S.C. 601 et seq.
---------------------------------------------------------------------------

    As discussed in this notice of proposed rulemaking, part 390, 
subpart H was transferred from OTS part 533, which governed disclosure 
and reporting of CRA-related agreements. OTS part 533 had been in 
effect since 2001, and all State savings associations were required to 
comply with it. Because it is redundant of existing part 346 of the 
FDIC's rules, the FDIC proposes rescinding and removing part 390, 
subpart H. As a result, all FDIC-supervised institutions--including 
State savings associations and their subsidiaries--would be required to 
comply with part 346 if they are in CRA-related agreements. Because all 
State savings associations and their subsidiaries have been required to 
comply with substantially similar disclosure and reporting rules if 
they engaged in CRA-related agreements since 2001, today's Proposed 
Rule would have no significant economic impact on any State savings 
association.

C. Plain Language

    Section 722 of the GLB Act, codified at 12 U.S.C. 4809, requires 
each Federal banking agency to use plain language in all of its 
proposed and final rules published after January 1, 2000. The FDIC 
invites comments on whether the Proposed Rule is clearly stated and 
effectively organized, and how the FDIC might make it easier to 
understand. For example:
     Has the FDIC organized the material to suit your needs? If 
not, how could it present the rule more clearly?
     Have we clearly stated the requirements of the rule? If 
not, how could the rule be more clearly stated?
     Does the rule contain technical jargon that is not clear? 
If so, which language requires clarification?
     Would a different format (grouping and order of sections, 
use of headings, paragraphing) make the regulation easier to 
understand? If so, what changes would make the regulation easier to 
understand?
     What else could we do to make the regulation easier to 
understand?

[[Page 76771]]

D. The Economic Growth and Regulatory Paperwork Reduction Act

    Under section 2222 of the Economic Growth and Regulatory Paperwork 
Reduction Act of 1996 (``EGRPRA''), the FDIC is required to review all 
of its regulations, at least once every 10 years, in order to identify 
any outdated or otherwise unnecessary regulations imposed on insured 
institutions.\21\ The FDIC completed the last comprehensive review of 
its regulations under EGRPRA in 2006 and is commencing the next 
decennial review. The action taken on this rule will be included as 
part of the EGRPRA review that is currently in progress. As part of 
that review, the FDIC invites comments concerning whether the Proposed 
Rule would impose any outdated or unnecessary regulatory requirements 
on insured depository institutions. If you provide such comments, 
please be specific and provide alternatives whenever appropriate.
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    \21\ Public Law 104-208, 110 Stat. 3009 (1996).
---------------------------------------------------------------------------

List of Subjects

12 CFR Part 346

    Banks, banking; Disclosure and reporting of CRA-related agreements; 
Savings associations.

12 CFR Part 390

    Disclosure and reporting of CRA-related agreements.

Authority and Issuance

    For the reasons stated in the preamble, the Board of Directors of 
the Federal Deposit Insurance Corporation proposes to amend part 346 of 
title 12 of the Code of Federal Regulations and part 390 of title 12 of 
the Code of Federal Regulations as set forth below:

PART 346--DISCLOSURE AND REPORTING OF CRA-RELATED AGREEMENTS

0
1. The authority citation for part 346 continues to reads as follows:

    Authority:  12 U.S.C. 1831y.

0
2. Revise Sec.  346.1 to read as follows:


Sec.  346.1  Purpose and scope of this part.

    (a) General. This part implements section 711 of the Gramm-Leach-
Bliley Act (12 U.S.C. 1831y). That section requires any nongovernmental 
entity or person, insured depository institution, or affiliate of an 
insured depository institution that enters into a covered agreement 
to--
    (1) Make the covered agreement available to the public and the 
appropriate Federal banking agency; and
    (2) File an annual report with the appropriate Federal banking 
agency concerning the covered agreement.
    (b) Scope of this part. The provisions of this part apply to--
    (1) State nonmember insured banks;
    (2) Subsidiaries of state nonmember insured banks;
    (3) Nongovernmental entities or persons that enter into covered 
agreements with any company listed in paragraph (b)(1), (2), (4) and 
(5) of this section.
    (4) State savings associations; and
    (5) Subsidiaries of State savings associations.
    (c) Relation to Community Reinvestment Act. This part does not 
affect in any way the Community Reinvestment Act of 1977 (12 U.S.C. 
2901 et seq.) or the FDIC's Community Reinvestment regulation found at 
12 CFR part 345, or the FDIC's interpretations or administration of 
that Act or regulation.
    (d) Examples. (1) The examples in this part are not exclusive. 
Compliance with an example, to the extent applicable, constitutes 
compliance with this part.
    (2) Examples in a paragraph illustrate only the issue described in 
the paragraph and do not illustrate any other issues that may arise in 
this part.
    &3. Revise Sec.  346.11 to read as follows:


Sec.  346.11  Other definitions and rules of construction used in this 
part.

    (a) Affiliate. ``Affiliate'' means--
    (1) Any company that controls, is controlled by, or is under common 
control with another company; and
    (2) For the purpose of determining whether an agreement is a 
covered agreement under Sec.  346.2, an ``affiliate'' includes any 
company that would be under common control or merged with another 
company on consummation of any transaction pending before a Federal 
banking agency at the time--
    (i) The parties enter into the agreement; and
    (ii) The NGEP that is a party to the agreement makes a CRA 
communication, as described in Sec.  346.3.
    (b) Control. ``Control'' is defined in section 2(a) of the Bank 
Holding Company Act (12 U.S.C. 1841(a)).
    (c) CRA affiliate. A ``CRA affiliate'' of an insured depository 
institution is any company that is an affiliate of an insured 
depository institution to the extent, and only to the extent, that the 
activities of the affiliate were considered by the appropriate Federal 
banking agency when evaluating the CRA performance of the institution 
at its most recent CRA examination prior to the agreement. An insured 
depository institution or affiliate also may designate any company as a 
CRA affiliate at any time prior to the time a covered agreement is 
entered into by informing the NGEP that is a party to the agreement of 
such designation.
    (d) CRA public file. ``CRA public file'' means the public file 
maintained by an insured depository institution and described in 12 CFR 
345.43.
    (e) Executive officer. The term ``executive officer'' has the same 
meaning as in Sec.  215.2(e)(1) of the Board of Governors of the 
Federal Reserve System's Regulation O (12 CFR 215.2(e)(1)).
    (f) Federal banking agency; appropriate Federal banking agency. The 
terms ``Federal banking agency'' and ``appropriate Federal banking 
agency'' have the same meanings as in section 3 of the Federal Deposit 
Insurance Act (12 U.S.C. 1813).
    (g) Fiscal year. (1) The fiscal year for a NGEP that does not have 
a fiscal year shall be the calendar year.
    (2) Any NGEP, insured depository institution, or affiliate that has 
a fiscal year may elect to have the calendar year be its fiscal year 
for purposes of this part.
    (h) Insured depository institution. ``Insured depository 
institution'' has the same meaning as in section 3 of the Federal 
Deposit Insurance Act (12 U.S.C. 1813).
    (i) NGEP. ``NGEP'' means a nongovernmental entity or person.
    (j) Nongovernmental entity or person--(1) General. A 
``nongovernmental entity or person'' is any partnership, association, 
trust, joint venture, joint stock company, corporation, limited 
liability corporation, company, firm, society, other organization, or 
individual.
    (2) Exclusions. A nongovernmental entity or person does not 
include--
    (i) The United States government, a state government, a unit of 
local government (including a county, city, town, township, parish, 
village, or other general-purpose subdivision of a state) or an Indian 
tribe or tribal organization established under Federal, state or Indian 
tribal law (including the Department of Hawaiian Home Lands), or a 
department, agency, or instrumentality of any such entity;
    (ii) A federally-chartered public corporation that receives Federal 
funds appropriated specifically for that corporation;
    (iii) An insured depository institution or affiliate of an insured 
depository institution; or
    (iv) An officer, director, employee, or representative (acting in 
his or her capacity as an officer, director, employee, or 
representative) of an entity

[[Page 76772]]

listed in paragraphs (j)(2)(i) through (iii) of this section.
    (k) Party. The term ``party'' with respect to a covered agreement 
means each NGEP and each insured depository institution or affiliate 
that entered into the agreement.
    (l) Relevant supervisory agency. The ``relevant supervisory 
agency'' for a covered agreement means the appropriate Federal banking 
agency for--
    (1) Each insured depository institution (or subsidiary thereof) 
that is a party to the covered agreement;
    (2) Each insured depository institution (or subsidiary thereof) or 
CRA affiliate that makes payments or loans or provides services that 
are subject to the covered agreement; and
    (3) Any company (other than an insured depository institution or 
subsidiary thereof) that is a party to the covered agreement.
    (m) State savings association. ``State savings association'' has 
the same meaning as in section 3(b)(3) of the Federal Deposit Insurance 
Act (12 U.S.C. 1813(b)(3)).
    (n) Term of agreement. An agreement that does not have a fixed 
termination date is considered to terminate on the last date on which 
any party to the agreement makes any payment or provides any loan or 
other resources under the agreement, unless the relevant supervisory 
agency for the agreement otherwise notifies each party in writing.

PART 390--REGULATIONS TRANSFERRED FROM THE OFFICE OF THRIFT 
SUPERVISION

Subpart H --Disclosure and Reporting of CRA-Related Agreements

0
4. The authority citation for part 390 is revised to read as follows:

    Authority:  12 U.S.C. 1819.

    Subpart A also issued under 12 U.S.C. 1820.
    Subpart B also issued under 12 U.S.C. 1818.
    Subpart C also issued under 5 U.S.C. 504; 554-557; 12 U.S.C. 
1464; 1467; 1468; 1817; 1818; 1820; 1829; 3349, 4717; 15 U.S.C. 78l; 
78o-5; 78u-2; 28 U.S.C. 2461 note; 31 U.S.C. 5321; 42 U.S.C. 4012a.
    Subpart D also issued under 12 U.S.C. 1817; 1818; 1820; 15 
U.S.C. 78l.
    Subpart E also issued under 12 U.S.C. 1813; 1831m; 15 U.S.C. 78.
    Subpart F also issued under 5 U.S.C. 552; 559; 12 U.S.C. 2901 et 
seq.
    Subpart G also issued under 12 U.S.C. 2810 et seq., 2901 et 
seq.; 15 U.S.C. 1691; 42 U.S.C. 1981, 1982, 3601-3619.
    Subpart I also issued under 12 U.S.C. 1831x.
    Subpart J also issued under 12 U.S.C. 1831p-1.
    Subpart K also issued under 12 U.S.C. 1817; 1818; 15 U.S.C. 78c; 
78l.
    Subpart L also issued under 12 U.S.C. 1831p-1.
    Subpart M also issued under 12 U.S.C. 1818.
    Subpart N also issued under 12 U.S.C. 1821.
    Subpart O also issued under 12 U.S.C. 1828.
    Subpart P also issued under 12 U.S.C. 1470; 1831e; 1831n; 1831p-
1; 3339.
    Subpart Q also issued under 12 U.S.C. 1462; 1462a; 1463; 1464.
    Subpart R also issued under 12 U.S.C. 1463; 1464; 1831m; 1831n; 
1831p-1.
    Subpart S also issued under 12 U.S.C. 1462; 1462a; 1463; 1464; 
1468a; 1817; 1820; 1828; 1831e; 1831o; 1831p-1; 1881-1884; 3207; 
3339; 15 U.S.C. 78b; 78l; 78m; 78n; 78p; 78q; 78w; 31 U.S.C. 5318; 
42 U.S.C. 4106.
    Subpart T also issued under 12 U.S.C. 1462a; 1463; 1464; 15 
U.S.C. 78c; 78l; 78m; 78n; 78w.
    Subpart U also issued under 12 U.S.C. 1462a; 1463; 1464; 15 
U.S.C. 78c; 78l; 78m; 78n; 78p; 78w; 78d-1; 7241; 7242; 7243; 7244; 
7261; 7264; 7265.
    Subpart V also issued under 12 U.S.C. 3201-3208.
    Subpart W also issued under 12 U.S.C. 1462a; 1463; 1464; 15 
U.S.C. 78c; 78l; 78m; 78n; 78p; 78w.
    Subpart X also issued under 12 U.S.C. 1462; 1462a; 1463; 1464; 
1828; 3331 et seq.
    Subpart Y also issued under 12 U.S.C. 1831o.
    Subpart Z also issued under 12 U.S.C. 1462; 1462a; 1463; 1464; 
1828 (note).

Subpart H--[Removed and Reserved]

0
5. Remove and reserve subpart H consisting of Sec. Sec.  390.160 
through 390.170.

    Dated at Washington, DC, this 10th day of December, 2013.

    By order of the Board of Directors.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2013-29787 Filed 12-18-13; 8:45 am]
BILLING CODE 6741-01-P