Regulatory Publication and Review Under the Economic Growth and Regulatory Paperwork Reduction Act of 1996
Federal Register, Volume 80 Issue 246 (Wednesday, December 23, 2015)
Federal Register Volume 80, Number 246 (Wednesday, December 23, 2015)
Proposed Rules
Pages 79724-79735
From the Federal Register Online via the Government Publishing Office www.gpo.gov
FR Doc No: 2015-32312
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
12 CFR Chapter I
Docket ID FFIEC-2014-0001
FEDERAL RESERVE SYSTEM
12 CFR Chapter II
Docket No. R-1510
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 regulatory review; request for comments.
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SUMMARY: The OCC, Board, and FDIC (each an ``Agency''; together ``we'' or ``Agencies'') are conducting a review of the regulations we have issued in order to identify outdated or otherwise unnecessary regulatory requirements imposed on insured depository institutions, as required by the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). EGRPRA requires the Agencies to organize the regulations into categories and publish groups of categories for comment. In this notice, the Agencies are seeking public comment on regulations in the following categories: Rules of Procedure; Safety and Soundness; and Securities. We have listed these rules on a chart included with this notice.
In addition, as we previously announced, the Agencies have expanded the scope of the EGRPRA review to include the Agencies' recently issued final rules. Accordingly, in this notice, the Agencies invite the public to comment on any Agency final rule not included in a previous EGRPRA Federal Register notice. To facilitate identification of these recently issued rules, we have included with this notice a separate chart that lists these rules.
Finally, in order to be as inclusive as possible, the Agencies also invite comment during the comment period for this notice on any Agency rule that is issued in final form on or before December 31, 2015. We will list these
Page 79725
rules on the EGRPRA Web site, http://egrpra.ffiec.gov/. The public may also comment on any other Agency rule, including rules covered by the three prior notices during the open comment period for this notice.
DATES: Written comments must be received by no later than March 22, 2016.
ADDRESSES: 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. On this site, click ``Submit a Comment'' and follow the instructions. Alternatively, comments also may be submitted through the Federal eRulemaking Portal ``Regulations.gov'' at: http://www.regulations.gov. Enter ``Docket ID FFIEC-2014-0001'' in the Search Box, click ``Search,'' and click ``Comment Now.'' Those who wish to submit their comments by an alternate means may do so as indicated by each Agency below.
OCC
The OCC encourages commenters to submit comments through the Federal eRulemaking Portal, Regulations.gov, in accordance with the previous paragraph. Alternatively, comments may be emailed to regs.comments@occ.treas.gov or sent by mail to Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Mail Stop 9W-11, 400 7th Street SW., Washington, DC 20219. Comments also may be faxed to (571) 465-4326 or hand delivered or sent by courier to 400 7th Street SW., Washington, DC 20219. For comments submitted by any means other than Regulations.gov, you must include ``OCC'' as the Agency name and ``Docket ID FFIEC-2014-0001'' in your comment.
In general, the OCC will enter all comments received into the docket and publish them without change on Regulations.gov. Comments received, including attachments and other supporting materials, as well as any business or personal information you provide, such as your name and address, email address, or phone number, are part of the public record and subject to public disclosure. Therefore, please do not include any information with your comment or supporting materials that you consider confidential or inappropriate for public disclosure.
You may inspect and photocopy in person all comments received by the OCC at 400 7th Street SW., Washington, DC 20219. For security reasons, the OCC requires that visitors make an appointment to inspect or photocopy comments. You may make an appointment by calling (202) 649-6700 or, for persons who are deaf or hard of hearing, TTY (202) 649-5597. Upon arrival, visitors will be required to present valid government-issued photo identification and submit to a security screening.
Board
The Board encourages commenters to submit comments regarding the Board's regulations by any of the following methods:
Agency Web site: http://www.federalreserve.gov/apps/foia/proposedregs.aspx. Follow the instructions for submitting comments on the Agency Web site.
Federal eRulemaking Portal, in accordance with the directions above.
Email: regs.comments@federalreserve.gov. Include ``EGRPRA'' and Docket No. R-1510 in the subject line of the message.
FAX: (202) 452-3819.
Mail: Robert deV. Frierson, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW., Washington, DC 20551.
In general, the Board will enter all comments received into the docket and publish them without change on the Board's public Web site www.federalreserve.gov; Regulations.gov; and http://egrpra.ffiec.gov. Comments received, including attachments and other supporting materials, as well as any business or personal information you provide, such as your name and address, email address, or phone number, are part of the public record and subject to public disclosure. Therefore, please do not enclose any information with your comment or supporting materials that you consider confidential or inappropriate for public disclosure.
You may inspect and photocopy in person all comments received by the Board in Room 3515, 1801 K Street NW., (between 18th and 19th Street NW.,) Washington, DC 20006, between 9:00 a.m. and 5:00 p.m. on weekdays. For security reasons, the Board requires that visitors make an appointment to inspect comments. You may make an appointment by calling (202) 452-3000. Upon arrival, visitors will be required to present valid government-issued photo identification and submit to a security screening.
FDIC
The FDIC encourages commenters to submit comments through the Federal eRulemaking Portal, ``Regulations.gov,'' in accordance with the directions above. Alternatively, you may submit comments by any of the following methods:
Agency Web site: http://www.fdic.gov/regulations/laws/federal. Follow instructions for submitting comments on the Agency Web site.
Email: Comments@FDIC.gov. Include ``EGRPRA'' in the subject line of the message.
Mail: Robert E. Feldman, Executive Secretary, Attention: Comments, Federal Deposit Insurance Corporation, 550 17th Street NW., Washington, DC 20429.
Hand Delivery/Courier: Guard station at the rear of the 550 17th Street Building (located on F Street) on business days between 7:00 a.m. and 5:00 p.m. (EDT).
The FDIC will post all comments received to http://www.fdic.gov/regulations/laws/federal without change, including any personal information provided. Comments may be inspected and photocopied in the FDIC Public Information Center, 3501 North Fairfax Drive, Room E-1002, Arlington, VA 22226, between 9:00 a.m. and 5:00 p.m. (EDT) on business days. Paper copies of public comments may be ordered from the Public Information Center by calling (877) 275-3342.
FOR FURTHER INFORMATION CONTACT: OCC: Karen McSweeney, Counsel (202) 649-6295; Heidi M. Thomas, Special Counsel (202) 649-5490; Rima Kundnani, Attorney (202) 649-5545; for persons who are deaf or hard of hearing, TTY (202) 649-5597.
Board: Claudia Von Pervieux, Counsel (202) 452-2552; Brian Phillips, Attorney (202) 452-3321; for persons who are deaf or hard of hearing, TTY (202) 263-4869.
FDIC: Ruth R. Amberg, Assistant General Counsel (202) 898-3736; Ann Taylor, Supervisory Counsel (202) 898-3573; for persons who are deaf or hard of hearing, TTY 1-800-925-4618.
SUPPLEMENTARY INFORMATION:
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Introduction
Section 2222 of EGRPRA \1\ requires that, not less frequently than once every 10 years, the Federal Financial Institutions Examination Council
Page 79726
(FFIEC),\2\ along with the Agencies,\3\ conduct a review of their regulations to identify outdated or otherwise unnecessary requirements imposed on insured depository institutions.\4\ The EGRPRA regulatory review provides an opportunity for the public and the Agencies to look at groups of related regulations and to identify opportunities for burden reduction. For example, the EGRPRA review may facilitate the identification of statutes and regulations that share similar goals or complementary methods where one or more Agencies could eliminate overlapping requirements. Alternatively, commenters may identify regulations or statutes that impose requirements that are no longer consistent with the way that business is conducted and that the Agencies should eliminate or revise.
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\1\ Public Law 104-208 (1996), codified at 12 U.S.C. 3311.
\2\ The FFIEC is an interagency body empowered to prescribe uniform principles, standards, and report forms for the Federal examination of financial institutions and to make recommendations to promote uniformity in the supervision of financial institutions. The FFIEC does not issue regulations that impose burden on financial institutions and, therefore, we have not separately captioned the FFIEC in this notice.
\3\ The FFIEC is comprised of the OCC, Board, FDIC, National Credit Union Administration (NCUA), Consumer Financial Protection Bureau (CFPB), and State Liaison Committee. Of these, only the OCC, Board, and FDIC are statutorily required to undertake the EGRPRA review. The NCUA elected to participate in the first EGRPRA review 10 years ago, and the NCUA Board again has elected to participate in this review process. Consistent with its approach during the first EGRPRA review, the NCUA will separately issue notices and requests for comment on its rules. The CFPB is required to review its significant rules and publish a report of its review no later than five years after they take effect. See 12 U.S.C. 5512(d). This process is separate from the EGRPRA process.
\4\ Insured depository institutions also are subject to regulations that are not required to be reviewed under the EGRPRA process. Examples include rules for which rulemaking authority has transferred to the CFPB and anti-money laundering regulations issued by the Department of the Treasury's Financial Crimes Enforcement Network, among others. If, during the EGRPRA review, the Agencies receive a comment about a regulation that is not subject to the EGRPRA review, we will forward that comment to the appropriate agency.
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In addition to providing an opportunity to consider burden reduction generally, the EGRPRA review also provides the Agencies and the public with an opportunity to consider burden reduction on community banks and other small, insured depository institutions or holding companies. We are keenly aware of the role that these institutions play in providing consumers and businesses across the nation with essential financial services and access to credit, and we are concerned about the impact of regulatory burden on these smaller institutions. We understand that when an Agency issues a new regulation or amends a current regulation, smaller institutions may have to devote considerable resources to determine if and how the regulation will affect them. Through the public comment process, the EGRPRA review can help the Agencies identify and target regulatory changes to reduce unnecessary burden on these smaller institutions.
Burden reduction must, however, be consistent with the Agencies' statutory mandates, many of which require the issuance of regulations. These mandates include ensuring the safety and soundness of insured depository institutions, their affiliates, and the financial system as a whole. EGRPRA recognizes that effective burden reduction may require legislative change. Accordingly, as part of this review, we specifically ask the public to comment on the relationships among burden reduction, regulatory requirements, and statutory mandates.
In addition, we note that the Agencies consider potential regulatory burden each time we propose, adopt, or amend a rule. For example, under the Paperwork Reduction Act of 1995 and the Regulatory Flexibility Act, the Agencies assess each rulemaking with respect to the burdens the rule might impose. Furthermore, we invite the public to comment on every rule we propose, as required by the Administrative Procedure Act (APA).
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The EGRPRA Review Process
Taken together for purposes of EGRPRA, the Agencies' regulations covering insured depository institutions encompass more than 100 subjects.\5\ Consistent with the EGRPRA statute, the Agencies grouped these regulations into the following 12 regulatory categories: Applications and Reporting; Banking Operations; Capital; Community Reinvestment Act; Consumer Protection; \6\ Directors, Officers and Employees; International Operations; Money Laundering; Powers and Activities; Rules of Procedure; Safety and Soundness; and Securities. To determine these categories, we divided the regulations by type and sought to have no category be too large or broad.
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\5\ Consistent with EGRPRA's focus on reducing burden on insured depository institutions, the Agencies have not included their internal, organizational, or operational regulations in this review.
\6\ As we have previously noted, the Agencies are seeking comment only on those consumer protection regulations for which we retain rulemaking authority for insured depository institutions and regulated holding companies following passage of section 1061 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203 (2010) (Dodd-Frank Act), codified at 12 U.S.C. 5581(b).
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To carry out the EGRPRA review, the Agencies have published three Federal Register notices, each addressing one or more categories of rules. Each Federal Register notice provided a 90-day comment period. On June 4, 2014, the Agencies published the first such notice, seeking comment on three categories of rules: Applications and Reporting; Powers and Activities; and International Operations.\7\ On February 13, 2015, the Agencies published the second notice, seeking comment on three additional categories of rules: Banking Operations; Capital; and the Community Reinvestment Act.\8\ On June 5, 2015, the Agencies published the third notice, seeking comment on three additional categories: Consumer Protection; Directors, Officers and Employees; and Money Laundering (Third Notice).\9\ The comment period for the Third Notice closed on September 3, 2015.
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\7\ 79 FR 32172.
\8\ 80 FR 7980.
\9\ 80 FR 32046. Together, the three EGRPRA notices are referred to as the ``Prior Notices.''
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In the Third Notice, the Agencies also announced their decision to expand the scope of the EGRPRA review to include recently issued rules, such as those issued pursuant to the Dodd-Frank Act and the recently promulgated domestic capital and liquidity rules. The Agencies identified these rules, referred to as ``Newly Listed Rules,'' on a chart included with the Third Notice. The Third Notice stated that the public could comment on the Newly Listed Rules during the comment period for the final EGRPRA notice.
Today, we are publishing the fourth and final EGRPRA notice, addressing the categories of Rules of Procedure; Safety and Soundness; and Securities. We invite the public to identify outdated, unduly burdensome, or otherwise unnecessary regulatory requirements imposed on insured depository institutions and their holding companies in these three categories. Chart A in Section IV contains the Agencies' rules in these three categories, including the Newly Listed Rules in these three categories. In addition, consistent with the expanded scope of the EGRPRA review, we invite the public to identify outdated, unduly burdensome, or otherwise unnecessary regulatory requirements imposed on insured depository institutions and their holding companies by the Newly Listed Rules in the nine categories covered by the Prior Notices. Chart B in Section IV contains the Newly Listed Rules in
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these nine categories, including rules issued in final form since the Third Notice.
Finally, in order to be as inclusive as possible, the Agencies invite comment on any other rule issued in final form on or before December 31, 2015, which will be listed on the EGRPRA Web site, http://egrpra.ffiec.gov/. Furthermore, as has been the practice of the Agencies, we invite comment on any of the Agencies' final rules included in this EGRPRA review during the open comment period for this notice.
As part of the EGRPRA review, the Agencies have held a series of outreach meetings around the country to provide an opportunity for bankers, consumer and community groups, and other interested persons to present their views directly to Agency senior management and staff on any of the regulations in the EGRPRA review. The Agencies held a final outreach meeting on December 2, 2015, in the Washington, DC area. Transcripts from and other information about the outreach meetings can be found on the Agencies' EGRPRA Web site, http://egrpra.ffiec.gov.
Following the close of the comment period for this final notice, the Agencies will review all of the comments we have received and decide whether further action is appropriate with respect to the regulations. The Agencies will make this decision jointly in the case of rules that we have issued on an interagency basis. For rules issued by one Agency, the issuing Agency will review the comments received and independently determine whether amendments to or repeal of its rules are appropriate. If so, that Agency will initiate a rulemaking to effect such change.
Finally, EGRPRA also requires the FFIEC or the Agencies to publish in the Federal Register a summary of the comments received, identifying significant issues raised and commenting on these issues. It also directs the Agencies to eliminate unnecessary regulations to the extent that such action is appropriate. The statute additionally requires the FFIEC to submit to Congress a report 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 or whether these burdens must be addressed by legislative action.
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Request for Burden Reduction Comments on Regulations in the Rules of Procedure, Safety and Soundness, and Securities Categories; on Newly Listed Rules in the Other Categories of Regulations; and on Any Other Final Rule Issued by December 31, 2015
As stated previously in this notice, the Agencies are asking the public to comment on regulations in the Rules of Procedure; Safety and Soundness; and Securities categories. Chart A in Section IV contains the Agencies' rules that are in these three categories. The Agencies are also asking the public to comment on the Newly Listed Rules in the nine categories covered by the Prior Notices. Chart B in Section IV contains the Newly Listed Rules. Both charts include any rules issued on or before December 23, 2015. The Agencies will also accept comment during the open comment period of this notice on any other Agency rule issued in final form by December 31, 2015. In addition, we will accept comments on any of the Agencies' rules, including those rules in categories covered in the Prior Notices.
Where possible, we ask commenters to cite specific regulatory language or provisions. We also welcome suggested alternative provisions or language in support of a comment, where appropriate. Where implementation of a suggestion would require modification of a statute, we ask the commenter to identify the statute and the needed change, where possible.
Specific issues for commenters to consider. The Agencies specifically invite comment on the following issues as they pertain to (a) the Agencies' Rules of Procedure; Safety and Soundness rules; and Securities rules, on Chart A; (b) any of the Newly Listed Rules on Chart B; and (c) any other Agency rule that is issued in final form by December 31, 2015.
Need for statutory change. (1) Do any statutory requirements underlying the rules in these categories impose outdated or otherwise unnecessary regulatory requirements? (2) If so, please identify the statutes and indicate how they should be amended.
Need and purpose of the regulations. (1) Have there been changes in the financial services industry, consumer behavior, or other circumstances that cause any regulations in these categories to be outdated or otherwise unnecessary? (2) If so, please identify and indicate how they should be amended. (3) Do any of these regulations impose burdens not required by their underlying statutes? (4) If so, please identify the regulations and indicate how they should be amended.
Overarching approaches/flexibility. (1) With respect to the regulations in these categories, could an Agency use a different approach to lessen the burden imposed by the regulations and achieve statutory intent? (2) Do any of these rules impose unnecessarily inflexible requirements? (3) If so, please identify the regulations and indicate how they should be amended.
Effect on competition. (1) Do any of the regulations or underlying statutes create competitive disadvantages for one part of the financial services industry compared to another or for one type of insured depository institution compared to another? (2) If so, please identify the regulations and indicate how they should be amended.
Reporting, recordkeeping and disclosure requirements. (1) Do any of the regulations or underlying statutes in these categories impose outdated or otherwise unnecessary reporting, recordkeeping, or disclosure requirements on insured depository institutions or their holding companies? (2) Could a financial institution fulfill any of these requirements electronically (if it is not already permitted to do so) and experience burden reduction? (3) If so, please identify the regulations and indicate how they should be amended.
Unique characteristics of a type of institution. (1) Do any of the regulations or underlying statutes in these categories impose requirements that are unwarranted by the unique characteristics of a particular type of insured depository institution or holding company? (2) If so, please identify the regulations and indicate how they should be amended.
Clarity. (1) Are the regulations in these categories clear and easy to understand? (2) Are there specific regulations for which clarification is needed? (3) If so, please identify the regulations and indicate how they should be amended.
Burden on community banks and other smaller, insured depository institutions. (1) Are there regulations or underlying statutes in these categories that impose outdated or otherwise unnecessary requirements on a substantial number of community banks or other smaller, insured depository institutions or holding companies? (2) Have the Agencies issued regulations pursuant to a common statute that, as applied by the Agencies, create redundancies or impose inconsistent requirements? (3) Should any of these regulations be amended or repealed in order to minimize this impact? (4) If so,
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please identify the regulations and indicate how they should be amended.
Scope of rules. (1) Is the scope of each rule in these categories consistent with the intent of the underlying statute(s)? (2) Could we amend the scope of a rule to clarify its applicability or reduce burden, while remaining faithful to statutory intent? (3) If so, please identify the regulations and indicate how they should be amended.
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State member State non-member Federal savings State savings
Subject National banks banks banks associations associations BHCs & FHCs SLHCs
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10. Rules of Procedure
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Interagency Regulations
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Uniform Rules of Practice and 12 CFR Part 19, 12 CFR Part 263 12 CFR Part 308 12 CFR Part 109, 12 CFR Part 12 CFR Part 263.
Procedure. Subpart A. Subpart A. 390.30.
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OCC Regulations
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National Bank Voluntary 12 CFR 5.48.
Liquidation.
Federal Savings Association-- 12 CFR Part 112.
Investigative Proceedings and
Formal Examinations.
Federal Savings Association-- 12 CFR Part 158.
Possession by Conservators and
Receivers for Federal and State
Savings Associations.
Federal Savings Association-- 12 CFR Part 108.
Removals, Suspensions and
Prohibitions Where a Crime is
Charged or Proven.
Rules of Practice and Procedure. 12 CFR Part 19, 12 CFR Part 109,
Subparts B-P. Subpart B.
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FDIC Regulations
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Orderly Liquidation Authority... 12 CFR Part 380.
12 CFR Part 380.
Resolution and Receivership 12 CFR Part 360 12 CFR Part 360 12 CFR Part 360 12 CFR Part 360 12 CFR Part 360.
Rules.
Recordkeeping Requirements for 12 CFR Part 371 12 CFR Part 371 12 CFR Part 371 12 CFR Part 371 12 CFR Part 371.
Qualified Financial Contracts.
Restrictions on Sale of Assets 12 CFR Part 340 12 CFR Part 340 12 CFR Part 340 12 CFR Part 340 12 CFR Part 340.
by the Federal Deposit
Insurance Corporation.
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11. Safety and Soundness
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Interagency Regulations
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Appraisals: Higher-priced 12 CFR Part 34, 12 CFR 226.43; 12 12 CFR Part 1026 12 CFR Part 34, 12 CFR 226.43; 12
Mortgages. Subpart G. CFR Part 226, Reg. Z. Subpart G. CFR Part 226,
Appx. N and O, Appx. N and O,
and Supp. I Reg. and Supp. I Reg.
Z. Z.
12 CFR 226.43; 12
CFR Part 226,
Appx. N and O,
and Supp. I Reg.
Z.
Appraisals: Minimum Requirements 12 CFR part 34, 12 CFR 208.50 12 CFR Part 323, 12 CFR part 34, 12 CFR Part 323 12 CFR Part 225,
for Appraisal Management Subpart H. Reg. H; 12 CFR Subpart B. Subpart H. Subpart B. Subpart M Reg.
Companies. Part 225, Subpart Y.
M Reg. Y.
Appraisals: Standards for 12 CFR Part 34, 12 CFR 208.50 12 CFR Part 323 12 CFR Part 34, 12 CFR Part 323 12 CFR Part 225,
Federally-Related Transactions. Subpart C. Reg. H; 12 CFR Subpart C. Subpart G Reg.
Part 225, Subpart Y.
G Reg. Y.
Credit Risk Retention........... 12 CFR Part 43 12 CFR Part 244 12 CFR Part 373 12 CFR Part 43 12 CFR Part 373 12 CFR Part 244
Reg. RR. Reg. RR.
12 CFR Part 244
Reg. RR.
Frequency of Safety and 12 CFR 4.6-.7 12 CFR 208.64 12 CFR 337.12 12 CFR 4.6 (See 12 CFR 390.351.
Soundness Examination. Reg. H. also, 12 CFR
163.170).
Lending Limits.................. 12 CFR Part 32 12 CFR Part 215, 12 CFR 337.3 12 CFR Part 32 12 CFR 390.338.
Subpart A Reg.
O.
Liquidity Risk.................. 12 CFR Part 50 12 CFR Part 249 12 CFR Part 329 12 CFR Part 50 12 CFR Part 329 12 CFR Part 249
Reg. WW. Reg. WW.
12 CFR Part 249
Reg. WW.
Real Estate Lending Standards... 12 CFR Part 34, 12 CFR Part 208, 12 CFR Part 365 12 CFR 160.100; 12 12 CFR Part 390, 12 CFR Part 225,
Subpart D. Subpart E and CFR 163.101 Subpart P. Subpart G Reg.
Appx. C Reg. H. Y.
Resolution Plans................ 12 CFR Part 381;
12 CFR Part 243
Reg. QQ.
Security Devices and Procedures. 12 CFR Part 21, 12 CFR 208.61 12 CFR Part 326, 12 CFR Part 168 12 CFR Part 391,
Subpart A. Reg. H. Subpart A. Subpart A.
Standards for Safety and 12 CFR Part 30 12 CFR Part 208, 12 CFR Part 364 12 CFR Part 30 12 CFR Part 364.
Soundness. Appx. D-1 Reg.
H.
Transactions with Affiliates.... 12 CFR Part 223 12 CFR Part 223 12 CFR Part 223 12 CFR 163.41 12 CFR 390.337.
Reg. W; 12 CFR Reg. W. Reg. W.
Part 31.
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OCC Regulations
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Heightened Expectations 12 CFR Part 30, 12 CFR Part 30,
Guidelines. Appx. D. Appx. D.
National Bank--Other Real Estate 12 CFR Part 34,
Owned. Subpart E.
Federal Savings Association-- 12 CFR Part 163,
Financial Management Policies. Subpart F (See
also 12 CFR
5.59(e)(7)
(service
corporations
only)).
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Savings Association--Lending and 12 CFR Part 160 12 CFR Part 160
Investment Additional Safety (Lending and
and Soundness Limitations. Investment).
Savings Associations and Savings 12 CFR 162.4; See
Association Holding Companies also, 12 CFR Part
Audits. 363.
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Board Regulations
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Appraisals: Appraiser 12 CFR 226.42; 12 12 CFR Part 1026 12 CFR 226.42; 12
Independence. CFR Part 226, Reg. Z. CFR Part 226,
Supp. I Reg. Z. Supp. I Reg. Z.
12 CFR 226.42; 12
CFR Part 226,
Supp. I Reg. Z.
Definitions related to the 12 CFR Part 242
Financial Stability Oversight Reg. PP.
Council.
Enhanced Prudential Standards 12 CFR Part 252,
Risk Committee Requirement (for Subparts B and C
certain BHCs) Standards for Reg. YY.
BHCs with consolidated assets
$50 billion or more.
Extensions of Credit by Federal 12 CFR Part 201 12 CFR Part 201 12 CFR Part 201 12 CFR Part 201 12 CFR Part 201
Reserve Banks. Reg. A. Reg. A. Reg. A. Reg. A. Reg. A.
Financial Market Utilities...... 12 CFR Part 234
Reg. HH
Limitations on Interbank 12 CFR Part 206 12 CFR Part 206 12 CFR Part 206 12 CFR Part 206 12 CFR Part 206
Liabilities. Reg. F. Reg. F. Reg. F. Reg. F. Reg. F.
Securities Holding Companies.... 12 CFR Part 241
Reg. OO
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FDIC Regulations
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Annual Independent Audits and 12 CFR Part 363 12 CFR Part 363 12 CFR Part 363 12 CFR Part 363; 12 CFR Part 363;
Reporting Requirements. See also, 12 CFR See also, 12 CFR
162.4. 390.322.
Resolution Plans................ 12 CFR Part 360.10 12 CFR Part 360.10 12 CFR Part 360.10 12 CFR Part 12 CFR Part
360.10. 360.10.
Unsafe and Unsound Banking 12 CFR 337.2.
Practices Standby Letters of
Credit.
Unsafe and Unsound Banking 12 CFR 337.6 12 CFR 337.6 12 CFR 337.6 12 CFR 337.6 12 CFR 337.6.
Practices Brokered Deposits.
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12. Securities
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Interagency Regulations
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Banks as Registered Clearing 12 CFR 19.135 12 CFR 208.32-33 12 CFR Part 308,
Agencies. Reg. H. Subpart S.
Banks as Securities Transfer 12 CFR 9.20 12 CFR 208.31 12 CFR Part 341.
Agents. Reg. H.
Page 79731
Government Securities Sales 12 CFR Part 13 12 CFR 208.37 12 CFR Part 368.
Practices. Reg. H.
Recordkeeping and Confirmation 12 CFR Part 12 12 CFR 208.34 12 CFR Part 344 12 CFR Part 151 12 CFR Part 344.
of Securities Transactions Reg. H.
Effected by Banks.
Reporting Requirements for 12 CFR Part 11 12 CFR 208.36 12 CFR Part 335 12 CFR Part 194 12 CFR Part 335.
Reported Securities Under the Reg. H
Securities Exchange Act of 1934.
Securities Offerings............ 12 CFR Part 16 12 CFR Part 197 12 CFR Part 390,
Subpart W.
Swaps Margin.................... 12 CFR Part 45 12 CFR Part 237 12 CFR Part 349 12 CFR Part 45 12 CFR Part 349.
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OCC Regulations
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National Bank--Municipal 12 CFR Part 10.
Securities Dealer Activities of
Banks.
Federal Savings Association-- 12 CFR Part 193.
Accounting Requirements and
Financial Statements.
Savings Association--Proxies.... 12 CFR Part 169 12 CFR Part 169.
Federal Savings Association-- 12 CFR 163.5; 12
Rules on the Issuance and Sale CFR Part 163,
of Institution Securities. Subpart C.
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Board Regulations
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Credit by Banks and Persons 12 CFR Part 221 12 CFR Part 221 12 CFR Part 221 12 CFR Part 221 12 CFR Part 221 12 CFR Part 221
Other than Brokers or Dealers Reg. U. Reg. U. Reg. U. Reg. U. Reg. U. Reg. U.
for the Purpose of Purchasing 12 CFR Part 221
or Carrying Margin Stock. Reg. U.
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1. Applications and Reporting
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Interagency Regulations
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Bank Merger Act................. 12 CFR 5.33 12 CFR 5.33.
Change in Bank Control.......... 12 CFR Part 5.50 12 CFR Part 303 12 CFR Part 5.50 12 CFR Part 303
Subpart E. Subpart E.
Notice of Addition or Change of 12 CFR 5.51 12 CFR 5.51.
Directors.
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OCC Regulations
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Rules, Policies, and Procedures 12 CFR Part 5 12 CFR Part 5
for Corporate Activities. (Generally).
Federal Savings Association 12 CFR 5.55.
Capital Distribution.
Page 79732
Federal Mutual Savings 12 CFR 5.20; 12
Associations--Incorporation, CFR 5.21; 12 CFR
Organization and Conversion; or 5.23; 12 CFR
Merger, Dissolution, 5.25; 12 CFR
Reorganization and Conversion. 5.33; 12 CFR
5.48.
Federal Stock Savings 12 CFR 5.20; 12
Associations-Incorporation, CFR 5.22; 12 CFR
Organization and Conversion. 5.23; 12 CFR
5.25; 12 CFR
5.33; 12 CFR
5.48.
Federal Savings Association 12 CFR 5.31; 12
Offices. CFR 5.40; 12 CFR
5.52.
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Board Regulations
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Concentration Limits............ 12 CFR Part 251 12 CFR Part 251 12 CFR Part 251 12 CFR Part 251 12 CFR Part 251 12 CFR Part 251
Reg. XX. Reg. XX. Reg. XX. Reg. XX. Reg. XX. Reg. XX.
12 CFR Part 251
Reg. XX.
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2. Powers and Activities
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Interagency Regulations
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Proprietary Trading and 12 CFR Part 44 12 CFR Part 248 12 CFR Part 351 12 CFR Part 44 12 CFR Part 351 12 CFR Part 248
Relationships with Covered Reg. VV. Reg. VV.
Funds. 12 CFR Part 248
Reg. VV.
Retail Foreign Exchange 12 CFR Part 48 12 CFR Part 240 12 CFR Part 349 12 CFR Part 48 12 CFR Part 349 12 CFR Part 240
Transactions. Reg. NN. Reg. NN.
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OCC Regulations
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Federal Savings Association 12 CFR 5.26; 12
Fiduciary Powers. CFR Part 150.
Federal Savings Association See also Federal
General. Stock
Associations
provisions on
chartering,
organization and
bylaws at 12 CFR
5.20; 12 CFR
5.21.
See also Federal
Mutual Savings
Associations
provisions on
chartering,
organization and
bylaws at 12 CFR
5.20; 12 CFR 5.22.
Federal Savings Association 12 CFR Part
Lending and Investment. 160.32; 12 CFR
160.35.
See also 12 CFR
5.37; 12 CFR
5.58; 12 CFR
7.1000; 12 CFR
7.3001.
Page 79733
Federal Savings Association 12 CFR 5.38; 12
Subordinate Organizations. CFR 5.59.
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Board Regulations
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Proprietary Trading and 12 CFR Part 225,
Relationships with Covered Subpart K Reg.
Funds. Y.
12 CFR Part 225,
Subpart K Reg.
Y.
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3. International Operations
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Board Regulations
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Foreign Banking Organizations: 12 CFR Part 252
Stress Tests, Risk Committee Subparts L-O and
Requirements, and Enhanced U Reg. YY.
Prudential Standards.
Swaps Entities.................. 12 CFR Part 237 12 CFR Part 237
Reg. KK. Reg. KK.
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4. Banking Operations
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Board Regulations
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Assessment of Fees.............. 12 CFR Part 246
Reg. TT.
12 CFR Part 246
Reg. TT.
Debit Card Interchange Fees..... 12 CFR Part 235 12 CFR Part 235 12 CFR Part 235 12 CFR Part 235 12 CFR Part 235
Reg. II. Reg. II. Reg. II. Reg. II. Reg. II.
Reserve Requirements of 12 CFR Part 204 12 CFR Part 204 12 CFR Part 204 12 CFR Part 204 12 CFR Part 204
Depository Institutions. Reg. D. Reg. D. Reg. D. Reg. D. Reg. D.
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5. Capital
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Interagency Regulations
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Capital Adequacy: General Ratio 12 CFR Part 3, 12 CFR Part 217, 12 CFR Part 324, 12 CFR Part 3, 12 CFR Part 324, 12 CFR Part 217,
and Buffers Definition of Subparts A-C, G- Subparts A-C, G Subparts A-C, G Subparts A-C, G- Subparts A-C, G Subparts A-C, G
Capital Transition. J. Reg. Q. Previously found J. Previously found Reg. Q. 12 CFR
in 12 CFR Part in 12 CFR Part Part 217,
325. 390, Subpart Z. Subparts A-C, G
Reg. Q.
Capital Adequacy: Risk-based 12 CFR Part 3, 12 CFR Part 217, 12 CFR Part 324, 12 CFR Part 3, 12 CFR Part 324, 12 CFR Part 217,
Capital Surcharge for Global Subpart H. Subpart H Reg. Subpart H. Subpart H. Subpart H. Subpart H Reg.
Systemically Important Bank Q. Q. 12 CFR Part
Holding Companies. 217, Subpart H
Reg. Q.
Capital Adequacy: Risk-Weighted 12 CFR Part 3, 12 CFR Part 217, 12 CFR Part 324, 12 CFR Part 3, 12 CFR Part 324, 12 CFR Part 217,
Assets--Standardized Approach. Subpart D. Subpart D Reg. Subpart D Subpart D. Subpart D Subpart D Reg.
Q. Previously found Previously found Q. 12 CFR Part
in 12 CFR Part in 12 CFR Part 217, Subpart D
325 Appx. A. 390, Subpart Z, Reg. Q.
Appx. A.
Capital Adequacy: Risk-Weighted 12 CFR Part 3, 12 CFR Part 217, 12 CFR Part 324, 12 CFR Part 3, 12 CFR Part 324, 12 CFR Part 217,
Assets--Advanced Measurement Subpart E. Subpart E Reg. Subpart E Subpart E. Subpart E Subpart E Reg.
Approaches. Q. Previously found Previously found Q. 12 CFR Part
in 12 CFR Part in 12 CFR Part 217, Subpart E
325 Appx. D. 390, Subpart Z, Reg. Q.
Appx. A.
Page 79734
Capital Adequacy: Risk-Weighted 12 CFR Part 3, 12 CFR Part 217, 12 CFR Part 324, 12 CFR Part 3, 12 CFR Part 324, 12 CFR Part 217,
Assets--Market Risk. Subpart F. Subpart F Reg. Subpart F Subpart F. Subpart F Subpart F Reg.
Q. Previously found Previously found Q. 12 CFR Part
in 12 CFR Part in 12 CFR Part 217, Subpart F
325 Appx. C. 390, Subpart Z, Reg. Q.
Appx. A.
Capital Adequacy Guidelines..... 12 CFR Part 3, 12 CFR Part 208, 12 CFR Part 324 12 CFR Part 3, 12 CFR Part 324 12 CFR Part 225,
Appx. A and B. Appx. A, B, and E Previously found Appx. A and B. Previously found Appx. A, B, D,
Reg. H. in 12 CFR Part in 12 CFR Part and E Reg. Y.
325 Appx. A-D. 390, Subpart Z,
Appx. A.
Prompt Corrective Action........ 12 CFR Part 6 12 CFR Part 208, 12 CFR Part 324, 12 CFR Part 6; 12 CFR Part 324, 12 CFR Part 208,
Subpart D Reg. Subpart H Subpart H Subpart D Reg.
H; 12 CFR Part Previously found Previously found H; 12 CFR Part
263, Subpart H in 12 CFR Part in 12 CFR Part 263, Subpart H.
325, Subpart B 390, Subpart Y.
Small Bank Holding Company and 12 CFR Part 225,
Savings and Loan Holding Appx. C Reg. Y.
Company Policy Statement. 12 CFR Part 225,
Appx. C Reg. Y.
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OCC Regulations
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Annual Stress Tests............. 12 CFR Part 46 12 CFR Part 46.
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Board Regulations
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Capital Planning................ 12 CFR Part 225.8
Reg. Y.
Domestic Banking Organizations: 12 CFR Part 252, 12 CFR Part 252,
Stress Tests, Risk Committee Subparts B-F and Subparts B-F and
Requirements, Company Run and U Reg. YY. U Reg. YY. 12
Supervisory, and Enhanced CFR Part 252,
Prudential Standards. Subpart B
Reg.hairspYY.
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FDIC Regulations
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Annual Stress Tests............. 12 CFR Part 325, 12 CFR Part 325,
Subpart C. Subpart C.
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6. Community Reinvestment Act
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All rules under this category were included in the charts published in the First Notice
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7. Consumer Protection
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Interagency Regulations
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Loans in Areas Having Special 12 CFR Part 22. 12 CFR Part 12 CFR Part 339 12 CFR Part 22 12 CFR Part 339.
Flood Hazards. 208.25, 208.25
Appx. A, B Reg.
H.
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8. Directors, Officers, and Employees
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FDIC Regulations
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Management Official Interlocks.. 12 CFR Part 348.
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9. Money Laundering
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All rules under this category were included in the charts published in the First Notice
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Page 79735
10. Rules of Procedure
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All rules under this category are included in Chart A above
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11. Safety and Soundness
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All rules under this category are included in Chart A above
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12. Securities
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All rules under this category are included in Chart A above
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Dated: December 16, 2015.
Thomas J. Curry,
Comptroller of the Currency.
By order of the Board of Governors of the Federal Reserve System, December 11, 2015.
Robert deV. Frierson,
Secretary of the Board.
Dated: December 16, 2015.
By order of the Board of Directors.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
FR Doc. 2015-32312 Filed 12-22-15; 8:45 am
BILLING CODE P
