[Federal Register Volume 79, Number 228 (Wednesday, November 26, 2014)]
[Proposed Rules]
[Pages 70474-70475]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-27969]
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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.
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Federal Register / Vol. 79, No. 228 / Wednesday, November 26, 2014 /
Proposed Rules
[[Page 70474]]
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
12 CFR Chapter I
[Docket ID FFIEC-2014-0001]
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
12 CFR Chapter II
[Docket No. OP-1491]
FEDERAL DEPOSIT INSURANCE CORPORATION
12 CFR Chapter III
Regulatory Publication and Review Under the Economic Growth and
Regulatory Paperwork Reduction Act of 1996
AGENCY: Office of the Comptroller of the Currency (``OCC''), Treasury;
Board of Governors of the Federal Reserve System (``Board''); and
Federal Deposit Insurance Corporation (``FDIC'').
ACTION: Notice of outreach meeting.
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SUMMARY: The OCC, Board, and FDIC (``we'' or ``Agencies'') announce a
series of outreach meetings on the Agencies' interagency effort to
review their regulations under the Economic Growth and Regulatory
Paperwork Reduction Act of 1996 (``EGRPRA'').
DATES: An outreach meeting will be held on Tuesday, December 2, 2014,
beginning at 9:00 a.m. Pacific Standard Time (PST). Registrations will
be accepted until all seats are filled, through November 26, 2014.
Additional outreach meetings are scheduled for February 4, 2015 in
Dallas; May 4, 2015 in Boston; October 2015 in Chicago (date to be
determined); and December 2, 2015 in Washington, DC.
ADDRESSES: The Agencies will hold the December 2, 2014, outreach
meeting at the Federal Reserve Bank of San Francisco-Los Angeles
Branch, 950 South Grand Avenue, Los Angeles, California, 90015. All
participants must pre-register at http://egrpra.ffiec.gov/outreach/outreach-index.html. Any interested individual may submit comments
through the EGRPRA Web site during open comment periods at: http://egrpra.ffiec.gov/submit-comment/submit-comment-index.html.
FOR FURTHER INFORMATION CONTACT:
OCC: Alison MacDonald, Senior Attorney, (202) 649-7314; for persons
who are deaf or hard of hearing, TTY (202) 649-5597.
Board: Claudia Von Pervieux, Counsel, (202) 452-2552; for persons
who are deaf or hard of hearing, TTY (202) 263-4869.
FDIC: Ruth R. Amberg, Assistant General Counsel, (202) 898-3736;
for persons who are deaf or hard of hearing, TTY 1-800-925-4618.
SUPPLEMENTARY INFORMATION: EGRPRA \1\ directs the Agencies, along with
the Federal Financial Institutions Examination Council (Council), not
less frequently than once every ten years, to conduct a review of their
regulations to identify outdated or otherwise unnecessary regulations.
The Agencies are scheduling a series of at least five outreach meetings
to provide an opportunity for bankers, consumer and community groups,
and other interested persons to present their views directly to senior
management and staff of the Agencies on any of 12 specific categories
of regulations, as further described below.
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\1\ Public Law 104-208 (1996), 110 Stat. 3009-414, codified at
12 U.S.C. 3311.
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The Agencies will hold the first of these outreach meetings on
December 2, 2014, in Los Angeles, California, at the Federal Reserve
Bank of San Francisco-Los Angeles Branch, 950 South Grand Avenue, Los
Angeles, California, 90015. This meeting will be streamed live at
http://egrpra.ffiec.gov/. The meeting will consist of panels of bankers
and consumer and community groups who will present particular issues.
There will be limited time after each panel for comments from meeting
attendees. In addition, there will be a session at the end of the
meeting during which audience members may present views on any of the
regulations under review. The Agencies reserve the right to limit the
time of individual commenters, if needed, in order to accommodate the
number of persons desiring to speak.
Comments made by audience members at this meeting will be reflected
in the public comment file. Audience members who do not wish to comment
orally may submit written comments at the meeting. In addition, 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. Further outreach meetings are scheduled for
February 4, 2015 in Dallas; May 4, 2015 in Boston; October 2015 in
Chicago (date to be determined); and December 2, 2015 in Washington,
DC.
All participants must pre-register for the Los Angeles outreach
meeting at http://egrpra.ffiec.gov/outreach/outreach-index.html.
Because of space constraints, on-site attendance will be limited.
Registrations will be accepted until November 26, 2014, or until all
seats are filled, whichever is earlier.
Further details about the first outreach meeting, including the
agenda, are published on the EGRPRA Web site at http://egrpra.ffiec.gov/outreach/outreach-index.html.
Additional Background on EGRPRA
Section 2222 of EGRPRA directs the Agencies, along with the
Council, to conduct a review of their regulations not less frequently
than once every ten years to identify outdated or otherwise unnecessary
regulatory requirements imposed on insured depository institutions. In
conducting this review, the Agencies are required to categorize their
regulations by type and, at regular intervals, provide notice and
solicit public comment on categories of regulations, requesting
commenters to identify areas of regulations that are outdated,
unnecessary, or unduly burdensome. The statute requires the Agencies to
publish in the Federal Register a summary of the comments received,
identifying significant issues raised and commenting on these issues.
The statute also directs the Agencies to eliminate unnecessary
regulations to the extent that such action is appropriate. Finally,
section 2222 requires the Council, of which the Agencies are members,
to submit a report to Congress that summarizes any significant issues
raised in the public comments and the relative merits of such issues.
The report also must include an analysis of whether the Agencies are
able to
[[Page 70475]]
address the regulatory burdens associated with such issues by
regulation or whether these burdens must be addressed by legislative
action.
For purposes of this review, the Agencies have grouped our combined
regulations into 12 categories: Applications and Reporting; Banking
Operations; Capital; Community Reinvestment Act; Consumer Protection;
Directors, Officers and Employees; International Operations; Money
Laundering; Powers and Activities; Rules of Procedure; Safety and
Soundness; and Securities. On June 4, 2014, we published a Federal
Register notice asking for public comment on three of these
categories--Applications and Reporting, Powers and Activities, and
International Operations regulations.\2\ We also published a chart
listing all of the regulations included in the EGRPRA review. Over the
next eighteen months, we will publish additional notices, seeking
comment on the remaining categories.
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\2\ 79 FR 32172.
Dated: November 20, 2014.
Thomas J. Curry,
Comptroller of the Currency.
By order of the Board of Governors of the Federal Reserve
System, November 20, 2014.
Robert deV. Frierson,
Secretary of the Board.
Dated: November 19, 2014.
Federal Deposit Insurance Corporation
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2014-27969 Filed 11-25-14; 8:45 am]
BILLING CODE 4810-22-P; 6210-01-P; 6714-01-P