15636 Federal Register / Vol. 79, No. 55 / Friday, March 21, 2014 / Rules and Regulations 

1A Revocation of the Statement of Policy was 

published in the Federal Register on October 28, 

2013 (78 FR 64194). 

modifications to the currently approved 

‘‘Handler’s Report for Producer Payroll’’ 

form have been submitted to the OMB. 

If a handler’s contract milk exceeds 

the handler’s eligible milk for any 

month in which the specified contract 

price(s) are below the order’s minimum 

prices, the handler must designate 

which producer milk shall not be 

contract milk. Preparing this 

notification is estimated to take 5 

minutes or less. If the handler does not 

designate the suppliers of the overcontracted milk, the market 

administrator shall prorate the overcontracted milk to each producer and 

cooperative association having a 

forward contract with the handler. 

The primary sources of data used to 

complete these reports are routinely 

used in most business transactions. The 

additional reporting requirements 

required by this rule typically only 

require a minimal amount of data 

processing time, and the information 

collection and reporting burden is 

relatively small. Requiring the same 

reports for all handlers does not 

significantly disadvantage any handler 

that is smaller than the industry 

average. 

USDA does not expect the forward 

contracting program to unduly burden 

small entities or impair their ability to 

compete in the marketplace. In its 

simplest form, a forward contract 

between a milk buyer and a milk 

producer (or cooperative) is an 

agreement to sell a stated quantity of 

milk for a specified period at a stated 

price. Producers and handlers are able 

to ‘‘lock-in’’ prices, thereby minimizing 

risks associated with price and income 

volatility and enhancing their ability to 

obtain new or continued financing. By 

providing another tool to possibly 

reduce price risk, the program may aid 

small businesses in competing with 

larger entities that currently utilize 

futures and options markets, among 

other means, to reduce price volatility. 

Final Action 

In accordance with the 2014 Farm 

Bill, this final rule extends the Dairy 

Forward Pricing Program applicable 

under all Federal milk marketing orders. 

New contracts under the Program may 

be entered into until September 30, 

2018. Any forward contract entered into 

up to and until the September 30, 2018, 

deadline is subject to a September 30, 

2021, expiration date. 

Subtitle F of Title I of the 2014 Farm 

Bill provides that the promulgation of 

these regulations shall be made without 

regard to the Paperwork Reduction Act 

(44 U.S.C. Chapter 35), the Statement of 

Policy of the Secretary of Agriculture, 

effective July 24, 1971 (36 FR 13804),1

and the notice and comment provisions 

of section 553 of Title 5, United States 

Code. 

These provisions are made final in 

this action, and for the same reasons 

good cause exists for making this rule 

effective one day after publication in the 

Federal Register. To do otherwise 

would be impracticable, unnecessary, 

and contrary to the public interest. (5 

U.S.C. 553; 5 U.S.C. 808) 

List of Subjects in 7 CFR Part 1145 

Contract, Forward contract, Forward 

pricing, Milk. 

For the reasons set forth in the 

preamble, Title 7, chapter X, Part 1145 

is amended as follows: 

PART 1145—DAIRY FORWARD 

PRICING PROGRAM 

■ 1. The authority citation for 7 CFR 

part 1145 continues to read as follows: 

Authority: 7 U.S.C. 8772. 

■ 2. Amend § 1145.2 by revising 

paragraph (b) to read as follows: 

§ 1145.2 Program. 

* * * * * 

(b) No forward price contract may be 

entered into under the program after 

September 30, 2018, and no forward 

contract entered into under the program 

may extend beyond September 30, 2021. 

* * * * * 

Dated: February 19, 2014. 

Rex A. Barnes, 

Associate Administrator, Agricultural 

Marketing Service. 

[FR Doc. 2014–06189 Filed 3–20–14; 8:45 am] 

BILLING CODE 3410–02–P 

DEPARTMENT OF AGRICULTURE 

Agricultural Marketing Service 

7 CFR Part 1216 

[Document Number AMS–FV–13–0042] 

Peanut Promotion, Research, and 

Information Order; Amendment to 

Primary Peanut-Producing States and 

Adjustment of Membership 

AGENCY: Agricultural Marketing Service, 

USDA. 

ACTION: Final rule. 

SUMMARY: This rule adds the State of 

Arkansas as a primary peanut-producing 

State under the Peanut Promotion, 

Research, and Information Order 

(Order). The Order is administered by 

the National Peanut Board (Board) with 

oversight by the U.S. Department of 

Agriculture (USDA). This rule also adds 

a seat on the Board for the State of 

Arkansas. Under the Order, primary 

peanut-producing States must maintain 

a 3-year average production of at least 

10,000 tons of peanuts. Arkansas’s 

peanut production meets this 

requirement. Primary peanut-producing 

States also have a seat on the Board. 

This action was recommended by the 

Board and ensures that the Board’s 

representation reflects changes in the 

geographical distribution of the 

production of peanuts. 

DATES: Effective: March 24, 2014. 

FOR FURTHER INFORMATION CONTACT: 

Jeanette Palmer, Marketing Specialist, 

Promotion and Economics Division, 

Fruit and Vegetable Program, AMS, 

USDA, Stop 0244, 1400 Independence 

Avenue SW., Room 1406–S, 

Washington, DC 20250–0244; telephone: 

(202) 720–9915; facsimile: (202) 205– 

2800; or electronic mail: 

Jeanette.Palmer@ams.usda.gov. 

SUPPLEMENTARY INFORMATION: This rule 

is issued under the Order (7 CFR part 

1216). The Order is authorized under 

the Commodity Promotion, Research, 

and Information Act of 1996 (1996 Act) 

(7 U.S.C. 7411–7425). 

Executive Order 12866 and Executive 

Order 13563 

Executive Orders 12866 and 13563 

direct agencies to assess all costs and 

benefits of available regulatory 

alternatives and, if regulation is 

necessary, to select regulatory 

approaches that maximize net benefits 

(including potential economic, 

environmental, public health and safety 

effects, distributive impacts and equity). 

Executive Order 13563 emphasizes the 

importance of quantifying both costs 

and benefits, reducing costs, 

harmonizing rules and promoting 

flexibility. This action has been 

designated as a ‘‘non-significant 

regulatory action’’ under section 3(f) of 

Executive Order 12866. Accordingly, 

the Office of Management and Budget 

(OMB) has waived the review process. 

Executive Order 13175 

This action has been reviewed in 

accordance with the requirements of 

Executive Order 13175, Consultation 

and Coordination with Indian Tribal 

Governments. The review reveals that 

this regulation will not have substantial 

and direct effects on Tribal governments 

and will not have significant Tribal 

implications. 

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Federal Register / Vol. 79, No. 55 / Friday, March 21, 2014 / Rules and Regulations 15637 

Executive Order 12988 

This rule has been reviewed under 

Executive Order 12988, Civil Justice 

Reform. It is not intended to have 

retroactive effect. Section 524 of the 

1996 Act provides that it shall not affect 

or preempt any other Federal or State 

law authorizing promotion or research 

relating to an agricultural commodity. 

Under section 519 of the 1996 Act, a 

person subject to an order may file a 

written petition with USDA stating that 

an order, any provision of an order, or 

any obligation imposed in connection 

with an order, is not established in 

accordance with the law, and request a 

modification of an order or an 

exemption from an order. Any petition 

filed challenging an order, any 

provision of an order, or any obligation 

imposed in connection with an order, 

shall be filed within two years after the 

effective date of an order, provision, or 

obligation subject to challenge in the 

petition. The petitioner will have the 

opportunity for a hearing on the 

petition. Thereafter, USDA will issue a 

ruling on the petition. The 1996 Act 

provides that the district court of the 

United States for any district in which 

the petitioner resides or conducts 

business shall have the jurisdiction to 

review a final ruling on the petition, if 

the petitioner files a complaint for that 

purpose not later than 20 days after the 

date of the entry of USDA’s final ruling. 

Background 

This rule adds the State of Arkansas 

as a primary peanut-producing State 

under the Order. The Order is 

administered by the Board with 

oversight by USDA. This rule also adds 

a seat on the Board for the State of 

Arkansas. Under the Order, primary 

peanut-producing States must maintain 

a 3-year average production of at least 

10,000 tons of peanuts. Arkansas’s 

peanut production meets this 

requirement. Primary peanut-producing 

States also have a seat on the Board. 

This action ensures that the Board’s 

representation reflects changes in the 

geographical distribution of the 

production of peanuts covered under 

the Order. 

The Order became effective on July 

30, 1999. Under the Order, the Board 

administers a nationally-coordinated 

program of promotion, research, and 

information designed to strengthen the 

position of peanuts in the market place 

and to develop, maintain, and expand 

the demand for peanuts in the United 

States. Under the program, all peanut 

producers pay an assessment of one 

percent of the total value of all farmers’ 

stock peanuts. The assessments are 

remitted to the Board by handlers and, 

for peanuts under loan, by the 

Commodity Credit Corporation. 

The Order distinguishes between the 

terms ‘‘minor peanut-producing states’’ 

and ‘‘primary peanut-producing states’’ 

for purposes of Board representation 

and voting at meetings. Section 1216.21 

defines primary peanut-producing 

States as Alabama, Florida, Georgia, 

Mississippi, New Mexico, North 

Carolina, Oklahoma, South Carolina, 

Texas and Virginia. These States must 

maintain a 3-year average production of 

at least 10,000 tons of peanuts. All other 

peanut-producing States are defined as 

minor peanut-producing States, 

pursuant to section 1217.15. 

As specified in section 1216.40(a), the 

Board is composed of 11 producer 

members and their alternates: One 

member and alternate from each 

primary peanut-producing State, and 

one at-large member and alternate 

collectively from the minor peanutproducing States. The members and 

alternates are nominated by producers 

or producer groups. 

Pursuant to section 1216.40(b) of the 

Order, at least once in each five-year 

period, the Board must review the 

geographical distribution of peanuts in 

the United States and make a 

recommendation to the Secretary of 

Agriculture (Secretary) to continue 

without change or whether changes 

should be made in the number of 

representatives on the Board to reflect 

changes in the geographical distribution 

of the production of peanuts. 

Board Recommendation 

As required by the Order, the Board 

met on April 9–10, 2013, and reviewed 

the geographical distribution of peanuts. 

According to data from the USDA’s 

Federal State Inspection Service, for the 

years 2010, 2011, and 2012, 1,357, 

6,092, and 38,866 tons of peanuts were 

inspected in Arkansas, respectively. 

Based on this data, the 3-year average 

annual peanut production for Arkansas 

totals 15,438 tons per year (46,315 

divided by 3) which exceeds the 

requirement set in the Order of 

maintaining a 3-year rolling average of 

10,000 tons per year to become a major 

peanut-producing State. (Data from 

USDA’s National Agricultural Statistics 

Service (NASS) was not available at the 

time of the Board’s review because 

Arkansas had not produced enough 

peanuts annually to be recorded. NASS 

plans to record peanut production for 

Arkansas in the near future.) 

Based on Federal State Inspection 

Service data, the Board voted, with one 

member opposed, to add Arkansas as a 

primary peanut-producing State under 

the Order. The member opposed 

expressed concern that Arkansas did not 

produce 10,000 tons per year for three 

consecutive years, similar to when the 

Order was amended to add Mississippi 

as a primary peanut-producing State (73 

FR 39214; July 9, 2008). However, the 

Order does not require that a State 

produce 10,000 tons per year for three 

consecutive years to be a primary 

peanut-producing State. The Order 

provides that a primary peanutproducing State shall maintain a threeyear average production of at least 

10,000 tons of peanuts (section 1216.21) 

In addition, USDA’s Federal State 

Inspection Service reports that 22,947 

tons of peanuts were inspected in 2013. 

This indicates that Arkansas peanut 

production has maintained its 

production levels above 10,000 tons. 

This action also adds a producer 

member and alternate on the Board from 

the State of Arkansas. Pursuant to 

section 1216.40(a), primary peanutproducing states have a seat on the 

Board. 

These changes will help ensure that 

the Board’s representation reflect 

changes in the geographical distribution 

of the production of peanuts. 

Accordingly, this rule amends sections 

1216.15 and 1216.21 of the Order to 

classify the State of Arkansas as a 

primary peanut-producing State. This 

rule also revises sections 1216.40(a) and 

1216.40(a)(1) of the Order to specify that 

the Board will be composed of 12 

peanut producer members and their 

alternates rather than 11. 

Final Regulatory Flexibility Act 

Analysis 

In accordance with the Regulatory 

Flexibility Act (RFA) (5 U.S.C. 601– 

612), AMS is required to examine the 

impact of this rule on small entities. 

Accordingly, AMS has considered the 

economic impact of this action on small 

entities. 

The purpose of the RFA is to fit 

regulatory actions to the scale of 

businesses subject to such actions so 

that small businesses will not be 

disproportionately burdened. The Small 

Business Administration (SBA) defines 

small agricultural producers as those 

having annual receipts of no more than 

$750,000 and small agricultural service 

firms (handlers) as those having annual 

receipts of no more than $7.0 million 

(13 CFR § 121.201). 

According to the Board, there were 

approximately 9,208 producers and 29 

handlers of peanuts who were subject to 

the program in 2012. 

Most producers would be classified as 

small businesses under the criteria 

established by the SBA. USDA’s NASS 

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15638 Federal Register / Vol. 79, No. 55 / Friday, March 21, 2014 / Rules and Regulations 

reports that the farm value of the 

peanuts produced in the top 10 States 

in the years 2010, 2011, and 2012 was 

$939 million, $1.169 billion, and $2.309 

billion, respectively; the 3-year average 

crop value was $1.472 billion. With a 

2012 crop value of $2.309 billion, 

average peanut sales per producer were 

approximately $251,000. With a 2010– 

2012 average crop value of $1.472 

billion, average peanut sales per 

producer was approximately $160,000. 

The average peanut crop value per 

handler for 2010–2012 ranged from 

about $32 million to $80 million. This 

is many times larger than the $7 million 

SBA threshold and is thus an indication 

that most of the handlers would not be 

classified as small businesses. 

The quantity of U.S. peanut 

production from the 10 major peanutproducing States for 2010, 2011, and 

2012 was 4.157 billion pounds, 3.659 

billion pounds, and 6.741 billion 

pounds, respectively; the 3-year average 

crop quantity was 4.852 billion pounds. 

NASS reports that Georgia was the 

largest producer (48 percent of the 3- 

year average quantity), followed by 

Alabama (13 percent), Florida (12 

percent), Texas (9 percent), North 

Carolina (7 percent), South Carolina (6 

percent), Mississippi (2 percent), 

Virginia (1 percent), Oklahoma (1 

percent) and New Mexico (less than 1 

percent). According to the 2007 Census 

of Agriculture, small amounts of 

peanuts were also grown in six other 

States. 

If the number of peanut producers 

(9,208) is divided into the total U.S. 

production for 2012 (6.741 billion), the 

resulting average peanut production per 

producer is approximately 732,000 

pounds. If divided by the 3-year average 

production for 2010–2012 (4.852 

billion), the resulting average is 

approximately 527,000 pounds per 

producer. 

This rule amends sections 1216.15 

and 1216.21 of the Order to classify the 

State of Arkansas as a primary peanutproducing State. The Order is 

administered by the Board with 

oversight by USDA. This rule also 

amends section 1216.40(a)(1) to add a 

seat on the Board for the State of 

Arkansas. Under the Order, primary 

peanut-producing States must maintain 

a 3-year average production of at least 

10,000 tons of peanuts. Arkansas’s 

peanut production meets this 

requirement. Primary peanut-producing 

States also have a seat on the Board. 

This action will ensure that the Board’s 

representation reflects changes in the 

geographical distribution of the 

production of peanuts covered under 

the Order. This action is authorized 

under section 1216.40(b) of the Order 

and Section 515(b)(3) of the 1996 Act. 

Regarding the economic impact of this 

rule on affected entities, this action 

imposes no costs on producers and 

handlers. This rule includes the State of 

Arkansas as a primary peanut-producing 

State based on recent production data 

and adds a seat on the Board for the 

State of Arkansas. 

With regard to alternatives, the Board 

reviewed the peanut distribution for all 

the minor peanut-producing States, and 

determined that Arkansas was the only 

current minor State that met the Order’s 

requirement for a 3-year average peanut 

production of at least 10,000 tons. 

In accordance with the Paperwork 

Reduction Act of 1995 (44 U.S.C. 

Chapter 35), the background form, 

which represents the information 

collection and recordkeeping 

requirements imposed by this rule, was 

previously approved under OMB 

control number 0505–0001. 

Adding a producer member and 

alternate member representing the State 

of Arkansas for the Board means that 

four additional producers will be 

required to submit background forms to 

USDA in order to be considered for 

appointment to the Board. Four 

producers will be affected because two 

names must be submitted to the 

Secretary for consideration for each 

position on the Board (two members 

and two alternates). The public 

reporting burden is estimated to 

increase by an average 0.5 hours per 

response for each of the four producers. 

This additional burden is included in 

the existing information collections 

approved for use under OMB control 

number 0505–0001. The estimated 

annual cost of providing the information 

by the four producers is $66.00 or 

$16.50 per producer. However, serving 

on the Board is optional, and the burden 

of submitting the background form will 

be offset by the benefits of serving on 

the Board. 

As with all Federal promotion 

programs, reports and forms are 

periodically reviewed to reduce 

information requirements and 

duplication by industry and public 

sector agencies. Finally, USDA has not 

identified any relevant Federal rules 

that duplicate, overlap, or conflict with 

this rule. 

AMS is committed to complying with 

the E-Government Act, to promote the 

use of the Internet and other 

information technologies to provide 

increased opportunities for citizen 

access to Government information and 

services, and for other purposes. 

In regards to outreach efforts, the 

Board discussed the state of Arkansas 

peanut production level at its November 

27–30, 2012, meeting. The Board 

notified the major peanut-producing 

States (Georgia, Alabama, Florida, 

Texas, North Carolina, South Carolina, 

Mississippi, Virginia, Oklahoma, and 

New Mexico) of Arkansas’s production 

numbers by disseminating information 

through the Board’s weekly newsletter 

which is titled News in a Nutshell. The 

Board also sent out notification about 

Arkansas’s increased production 

numbers to the peanut industry through 

its Peanut Quarterly newsletter. In 

addition, Arkansas’s increased 

production numbers in the year 2012 to 

present date were widely published in 

trade publications. The Board met in 

April 2013 and recommended adding 

the State of Arkansas as a primary 

peanut-producing State. All of the 

Board’s meetings where this issue was 

discussed were open to the public and 

interested persons were invited to 

participate and express their views. 

A proposed rule concerning this 

action was published in the Federal 

Register on December 23, 2013 (78 FR 

77368). The Board issued a press release 

about the proposed rule and sent it to 

the trade media, all known state peanut 

organizations, and all Board members 

and alternates. The Board also included 

notifications about the proposal in its 

newsletters and on its Web site at 

nationalpeanutboard.org. Finally, the 

proposal was made available through 

the Internet by USDA and the Office of 

the Federal Register. A 30-day comment 

period ending January 22, 2014, was 

provided to allow interested persons to 

submit comments. 

Analysis of Comments 

Fourteen comments were received in 

response to the proposed rule. Thirteen 

comments supported the proposal and 

one expressed concern about the peanut 

program and taxpayer dollars. 

The comments supporting the 

proposal concurred that Arkansas meets 

the Order’s requirement of having 

maintained a three-year average 

production of at least 10,000 tons of 

peanuts. Further, designating Arkansas 

as a primary peanut-producing State 

would ensure that the Board’s 

representation reflect the geographical 

distribution of the production of 

peanuts. 

One comment expressed concern 

about the peanut program and the use 

of taxpayer dollars. The national peanut 

promotion program is authorized under 

the 1996 Act and is funded through 

assessments paid by peanut producers. 

It does not receive taxpayer funds. The 

comment went on to suggest that the 

proposed rule did not appear on 

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Federal Register / Vol. 79, No. 55 / Friday, March 21, 2014 / Rules and Regulations 15639 

1Public Law 111–203, 124 Stat. 1376 (2010). 

2 12 U.S.C. 5101 et seq. See Dodd-Frank Act, 

sections 1002(12)(N) and 1022 (12 U.S.C. 

5481(12)(N) and 5512). 

3 In general, sections 502 through 509 of GLBA 

(15 U.S.C. 6802 through 6809). See Dodd-Frank Act 

sections 1002(12)(J) and 1022 (12 U.S.C. 5481(12)(J) 

and 5512). 

4 See 12 CFR parts 1007 and 1016. 

5We note that the Dodd-Frank Act also 

transferred rulemaking authority for certain 

provisions of the Fair Credit Reporting Act to the 

CFPB. The OCC is addressing this transfer through 

a separate rulemaking. 

regulations.gov. However, that is not the 

case. The proposed rule was made 

available on the Web site the day it was 

published in the Federal Register. As 

well, comments received on the 

proposed rule were posted to the Web 

site following posting of the rule. 

Accordingly, no changes have been 

made to the rule based on this comment. 

After consideration of all relevant 

matters presented, including the 

information and recommendation 

submitted by the Board and other 

available information, it is hereby found 

that this rule, as hereinafter set forth, is 

consistent with and will effectuate the 

purposes of the 1996 Act. 

It is further found that good cause 

exists for not postponing the effective 

date of this rule until 30 days after 

publication in the Federal Register (5 

U.S.C. 553) because this action should 

be in effect as soon as possible so that 

the changes may be implemented for the 

next nomination process which begins 

in the spring of 2014. Additionally, a 

30-day comment period was provided 

for in the proposed rule, and the 

majority of comments supported the 

changes. 

List of Subjects in 7 CFR Part 1216 

Administrative practice and 

procedure, Advertising, Consumer 

information, Marketing agreements, 

Peanut promotion, Reporting and 

recordkeeping requirements. 

For the reasons set forth in the 

preamble, 7 CFR Part 1216 is amended 

as follows: 

PART 1216—PEANUT PROMOTION, 

RESEARCH, AND INFORMATION 

ORDER 

■ 1. The authority citation for 7 CFR 

part 1216 continues to read as follows: 

Authority: 7 U.S.C. 7411–7425; 7 U.S.C. 

7401. 

■ 2. Section 1216.15 is revised to read 

as follows: 

§ 1216.15 Minor peanut-producing states. 

Minor peanut-producing states means 

all peanut-producing states with the 

exception of Alabama, Arkansas, 

Florida, Georgia, Mississippi, New 

Mexico, North Carolina, Oklahoma, 

South Carolina, Texas, and Virginia. 

■ 3. Section 1216.21 is revised to read 

as follows: 

§ 1216.21 Primary peanut-producing 

states. 

Primary peanut-producing states 

means Alabama, Arkansas, Florida, 

Georgia, Mississippi, New Mexico, 

North Carolina, Oklahoma, South 

Carolina, Texas, and Virginia, Provided, 

these states maintain a 3-year average 

production of at least 10,000 tons of 

peanuts. 

■ 4. Section 1216.40, paragraph (a) 

introductory text and (a)(1) are revised 

to read as follows: 

§ 1216.40 Establishment and membership. 

(a) Establishment of a National 

Peanut Board. There is hereby 

established a National Peanut Board, 

hereinafter called the Board, composed 

of no more than 12 peanut producers 

and alternates, appointed by the 

Secretary from nominations as follows: 

(1) Eleven members and alternates. 

One member and one alternate shall be 

appointed from each primary peanutproducing state, who are producers and 

whose nominations have been 

submitted by certified peanut producer 

organizations within a primary peanutproducing state. 

* * * * * 

Dated: March 6, 2014. 

Rex A. Barnes, 

Associate Administrator. 

[FR Doc. 2014–06181 Filed 3–20–14; 8:45 am] 

BILLING CODE 3410–02–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

12 CFR Parts 4, 5, 7, 10, 11, 16, 19, 24, 

34, and 40 

[Docket ID OCC–2014–0005] 

RIN 1557–AD76 

Technical Amendments: Removal of 

Rules Transferred to the Consumer 

Financial Protection Bureau; OCC 

Address Change 

AGENCY: Office of the Comptroller of the 

Currency, Treasury. 

ACTION: Final rule. 

SUMMARY: The Office of the Comptroller 

of the Currency (OCC) is removing 

regulations concerning registration of 

mortgage loan originators, and 

regulations relating to privacy of 

consumer financial information. 

Rulemaking authority for these rules 

transferred to the Consumer Financial 

Protection Bureau on July 21, 2011 

pursuant to Title X of the Dodd-Frank 

Wall Street Reform and Consumer 

Protection Act, and these OCC rules are 

therefore no longer operative. The OCC 

also is amending its regulations to 

update its address to reflect its move to 

a new headquarters building, to update 

the address of its Freedom of 

Information Act web portal, and to 

update its Web site address. 

DATES: Effective March 21, 2014. 

FOR FURTHER INFORMATION CONTACT: For 

additional information, contact Heidi 

Thomas, Special Counsel, or Stuart 

Feldstein, Director, Legislative and 

Regulatory Activities Division, 202– 

649–5490; Office of the Comptroller of 

the Currency, Washington, DC 20219. 

SUPPLEMENTARY INFORMATION: 

I. Description of Rule 

This final rule makes a number of 

technical amendments to the OCC’s 

rules, as described below. 

Transfer of Rules to the Consumer 

Financial Protection Bureau 

The Dodd-Frank Wall Street Reform 

and Consumer Protection Act 1 (DoddFrank Act) transferred to the Consumer 

Financial Protection Bureau (CFPB) 

Federal rulemaking authority for the 

Secure and Fair Enforcement for 

Mortgage Licensing Act of 2008 (SAFE 

Act) 2 and the financial information 

privacy provisions in Title V of the 

Gramm-Leach-Bliley Act (GLBA).3 The 

Office of the Comptroller of the 

Currency previously issued rules 

implementing these laws for national 

banks, Federal branches and agencies of 

foreign banks, and their operating 

subsidiaries (collectively, national 

banks) at 12 CFR part 34, subpart F 

(rules for national banks governing the 

registration of residential mortgage loan 

originators) and 12 CFR part 40 (privacy 

of customer financial information), 

respectively. This transfer of rulemaking 

authority to the CFPB occurred on July 

21, 2011, and the CFPB has since 

reissued these rules as CFPB rules.4

National banks now must comply with 

these rules as reissued by the CFPB and 

not as previously promulgated and 

published by the OCC, rendering part 

34, subpart F, and part 40 no longer 

operative. Accordingly, the OCC is 

removing these rules from the Code of 

Federal Regulations.5

OCC Headquarters Address Change 

In May 2013, the OCC completed its 

move to a new headquarters building in 

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