Federal Register / Vol. 85, No. 247 / Wednesday, December 23, 2020 / Rules and Regulations 83749 

1 15 U.S.C. 1681g. 

2 15 U.S.C. 1681j(a). 

had assets of less than $1.322 billion. 

Intermediate small bank means a small 

bank with assets of at least $330 billion 

as of December 31 of both of the prior 

two calendar years and less than $1.322 

billion as of December 31 of either of the 

prior two calendar years. 

* * * * * 

Federal Deposit Insurance Corporation 

12 CFR Chapter III 

Authority and Issuance 

For the reasons set forth in the 

common preamble, the Board of 

Directors of the Federal Deposit 

Insurance Corporation amends part 345 

of chapter III of title 12 of the Code of 

Federal Regulations to read as follows: 

PART 345—COMMUNITY 

REINVESTMENT 

■ 3. The authority citation for part 345 

continues to read as follows: 

Authority: 12 U.S.C. 1814–1817, 1819– 

1820, 1828, 1831u and 2901–2908, 3103– 

3104, and 3108(a). 

■ 4. Section 345.12 is amended by 

revising paragraph (u)(1) to read as 

follows: 

§ 345.12 Definitions. 

* * * * * 

(u) * * * (1) Definition. Small bank 

means a bank that, as of December 31 

of either of the prior two calendar years, 

had assets of less than $1.322 billion. 

Intermediate small bank means a small 

bank with assets of at least $330 million 

as of December 31 of both of the prior 

two calendar years and less than $1.322 

billion as of December 31 of either of the 

prior two calendar years. 

* * * * * 

By order of the Board of Governors of the 

Federal Reserve System, acting through the 

Secretary of the Board under delegated 

authority. 

Ann E. Misback, 

Secretary of the Board. 

Federal Deposit Insurance Corporation. 

By order of the Board of Directors. 

Dated at Washington, DC, on December 15, 

2020. 

James P. Sheesley, 

Assistant Executive Secretary. 

[FR Doc. 2020–28116 Filed 12–22–20; 8:45 am] 

BILLING CODE 6210–01–P; 4810–33–P; 6714–01–P 

FARM CREDIT ADMINISTRATION 

12 CFR Part 615 

RIN 3052–AD35 

Organization; Funding and Fiscal 

Affairs, Loan Policies and Operations, 

and Funding Operations; Investment 

Eligibility 

AGENCY: Farm Credit Administration. 

ACTION: Notification of effective date. 

SUMMARY: The Farm Credit 

Administration (FCA or we) issued a 

final rule that amends its investment 

regulations to authorize Farm Credit 

System (FCS or System) associations to 

purchase in the secondary market and 

hold as investments, portions of loans 

that non-FCS lenders originate, and that 

the United States Department of 

Agriculture (USDA) fully and 

unconditionally guarantees or insures as 

to the timely payment of principal and 

interest. In accordance with statute, the 

effective date of the final rule is no 

earlier than 30 days from the date of 

publication in the Federal Register 

during which either or both House of 

Congress are in session. 

DATES: The final rule regulation 

amending 12 CFR part 615 published on 

October 6, 2020 (85 FR 62945), and 

corrected on November 6, 2020 (85 FR 

62949), is effective as of December 23, 

2020. 

FOR FURTHER INFORMATION CONTACT: 

Technical information: David J. 

Lewandrowski, Senior Policy Analyst, 

Finance & Capital Market Team, Office 

of Regulatory Policy, (703) 883–4414, 

TTY (703) 883–4056, lewandrowskid@

fca.gov. 

Legal information: Richard A. Katz, 

Senior Counsel, Office of General 

Counsel, (703) 883–4020, TTY (703) 

883–4056, katzr@fca.gov. 

SUPPLEMENTARY INFORMATION: On August 

13, 2020, the FCA issued a final rule 

that amended § 615.5140(b) so FCS 

associations are authorized to purchase 

in the secondary market and hold as 

investments, portions of loans that nonSystem lenders originate, and the USDA 

fully and unconditionally guarantees as 

to the payment of principal and interest. 

The final rule was published in the 

Federal Register on October 6, 2020. 

In accordance with 12 U.S.C. 

2252(c)(1), the effective date of the final 

rule is no earlier than 30 days from the 

date of publication in the Federal 

Register during which either or both 

Houses of Congress are in session. Based 

on the records of the sessions of 

Congress, the effective date of the 

regulation is December 23, 2020. 

Dated: December 7, 2020. 

Dale Aultman, 

Secretary, Farm Credit Administration Board. 

[FR Doc. 2020–27144 Filed 12–22–20; 8:45 am] 

BILLING CODE 6705–01–P 

BUREAU OF CONSUMER FINANCIAL 

PROTECTION 

12 CFR Part 1022 

Fair Credit Reporting Act Disclosures 

AGENCY: Bureau of Consumer Financial 

Protection. 

ACTION: Final rule; official 

interpretation. 

SUMMARY: The Bureau of Consumer 

Financial Protection (Bureau) is issuing 

this final rule amending an appendix for 

Regulation V, which implements the 

Fair Credit Reporting Act (FCRA). The 

Bureau is required to calculate annually 

the dollar amount of the maximum 

allowable charge for disclosures by a 

consumer reporting agency to a 

consumer pursuant to FCRA section 

609; this final rule establishes the 

maximum allowable charge for the 2021 

calendar year. 

DATES: This final rule is effective 

January 1, 2021. 

FOR FURTHER INFORMATION CONTACT: 

Willie Williams, Paralegal Specialist; 

Rachel Ross, Attorney-Advisor; Office of 

Regulations, at (202) 435–7700. If you 

require this document in an alternative 

electronic format, please contact CFPB_

Accessibility@cfpb.gov. 

SUPPLEMENTARY INFORMATION: The 

Bureau is amending appendix O for 

Regulation V, which implements the 

FCRA, to establish the maximum 

allowable charge for disclosures by a 

consumer reporting agency to a 

consumer for 2021. The maximum 

allowable charge will be $13.00 for 

2021. 

I. Background 

Under section 609 of the FCRA, a 

consumer reporting agency must, upon 

a consumer’s request, disclose to the 

consumer information in the consumer’s 

file.1 Section 612(a) of the FCRA gives 

consumers the right to a free file 

disclosure upon request once every 12 

months from the nationwide consumer 

reporting agencies and nationwide 

specialty consumer reporting agencies.2

Section 612 of the FCRA also gives 

consumers the right to a free file 

disclosure under certain other, specified 


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