[Federal Register Volume 80, Number 10 (Thursday, January 15, 2015)]
[Proposed Rules]
[Pages 2061-2062]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-00516]
=======================================================================
-----------------------------------------------------------------------
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
AGENCIES: 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.
-----------------------------------------------------------------------
SUMMARY: The OCC, Board, and FDIC (``we'' or ``Agencies'') announce the
second in a series of outreach meetings on the Agencies' interagency
process to review their regulations under the Economic Growth and
Regulatory Paperwork Reduction Act of 1996 (``EGRPRA'').
DATES: An outreach meeting will be held on Wednesday, February 4, 2015,
beginning at 9:00 a.m. Central Standard Time (CST). Online
registrations will be accepted through January 28, 2015, or until all
seats are filled, whichever is earlier. If seats are available,
individuals may register in person at the Federal Reserve Bank of
Dallas on the day of the meeting. Additional outreach meetings are
scheduled for Boston on May 4, 2015; Chicago on October 19, 2015; and
Washington, DC, on December 2, 2015. The Agencies also plan to hold an
outreach meeting this summer that will focus on rural banks.
ADDRESSES: The Agencies will hold the February 4, 2015, outreach
meeting at the Federal Reserve Bank of Dallas, 2200 N. Pearl St.,
Dallas, Texas 75201. Live video of this meeting will be streamed at
http://egrpra.ffiec.gov/. All Dallas participants should 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: Heidi M. Thomas, Special Counsel, (202) 649-5490; 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 holding 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. The Agencies held the first
of these outreach meetings on December 2, 2014, in Los Angeles,
California.\2\
---------------------------------------------------------------------------
\1\ Public Law 104-208 (1996), 110 Stat. 3009-414, codified at
12 U.S.C. 3311.
\2\ A taped video of this outreach meeting is available on the
EGRPRA Web site at http://egrpra.ffiec.gov/outreach/outreach-index.html.
---------------------------------------------------------------------------
The second outreach meeting will be held on February 4, 2015, in
Dallas, Texas. Senior agency staff from the OCC, FDIC and Board are
scheduled to attend. Video of 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 panelists and 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
[[Page 2062]]
site during open comment periods at: http://egrpra.ffiec.gov/submit-comment/submit-comment-index.html. Further outreach meetings are
scheduled for Boston on May 4, 2015; Chicago on October 19, 2015; and
Washington, DC, on December 2, 2015. The Agencies also plan to hold an
outreach meeting this summer that will focus on rural banks.
All participants should register for the Dallas outreach meeting at
http://egrpra.ffiec.gov/outreach/outreach-index.html. Because of space
constraints, on-site attendance will be limited. Online registrations
will be accepted through January 28, 2015, or until all seats are
filled, whichever is earlier. If seats are available, individuals may
register in person at the Federal Reserve Bank of Dallas on the day of
the meeting. Registration is not required to view the live-stream
broadcast.
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 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.\3\ We also published a chart
listing all of the regulations included in the EGRPRA review. Over the
next year, we will publish additional notices, seeking comment on the
remaining categories.
---------------------------------------------------------------------------
\3\ 79 FR 32172.
Dated: January 8, 2015.
Thomas J. Curry,
Comptroller of the Currency.
By order of the Board of Governors of the Federal Reserve
System, January 9, 2015.
Robert deV. Frierson,
Secretary of the Board.
Dated: January 8, 2015.
Federal Deposit Insurance Corporation by,
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2015-00516 Filed 1-14-15; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P