81152 Federal Register / Vol. 75, No. 247 / Monday, December 27, 2010 / Proposed Rules 

27 In January 2010, FHFA revised its membership 

regulations to implement statutory amendments 

authorizing CDFIs to become Bank members. As 

part of those revisions, FHFA allowed CDFI 

applicants that could not demonstrate compliance 

with certain of the specific standards relating to 

financial condition to provide alternative 

information demonstrating that they are in sound 

financial condition. By raising the larger issue of 

the appropriate regulatory structure for the 

membership regulations FHFA does not intend to 

change its policy, as evidenced by the recent 

revisions, that CDFI applicants are to be given 

latitude in demonstrating the soundness of their 

financial condition. 

1The Working Group is a subcommittee of the 

Regional Entity Management Group which consists 

of the executive management of the eight Regional 

Entities. 

establish certain standards of 

‘‘presumptive compliance’’ and allow an 

opportunity for institutions that do not 

meet those standards to rebut the 

presumption of noncompliance, or 

should FHFA devise an alternative 

structure, such as one that incorporates 

‘‘bright line’’ tests for each of the various 

eligibility requirements and does not 

create presumptions that an institution 

would be permitted to rebut? 27

Question Sixteen: Should FHFA play 

a role in resolving close membership 

issues, or leave them to the discretion of 

the Banks? 

III. Request for Comments 

FHFA invites comments on all of the 

issue discussed above, and will consider 

all comments in developing a proposed 

rule to amend its membership 

regulations. 

Dated: December 20, 2010. 

Edward J. DeMarco, 

Acting Director, Federal Housing Finance 

Agency. 

[FR Doc. 2010–32467 Filed 12–23–10; 8:45 am] 

BILLING CODE 8070–01–P 

DEPARTMENT OF COMMERCE 

Bureau of Industry and Security 

15 CFR Parts 732, 738, 740, 743, 758, 

and 774 

[Docket No. 100923470–0626–02] 

RIN 0694–AF03 

Export Control Modernization: 

Strategic Trade Authorization License 

Exception 

AGENCY: Bureau of Industry and 

Security, Commerce. 

ACTION: Proposed rule; correction. 

SUMMARY: This document corrects a 

typographical error in the address for 

submitting e-mail comments that 

appeared in a proposed rule, ‘‘Export 

Control Modernization: Strategic Trade 

Authorization License Exception,’’ 

published on December 9, 2010. 

DATES: Comments must be received by 

BIS no later than February 7, 2011. 

ADDRESSES: Comments on this 

correction may be submitted to the 

Federal rulemaking portal (http://www.

regulations.gov). The regulations.gov ID 

for this rule is: BIS–2010–0038. 

Comments may also be submitted via email to publiccomments@bis.doc.gov or 

on paper to Regulatory Policy Division, 

Bureau of Industry and Security, Room 

2705, U.S. Department of Commerce, 

Washington, DC 20230. Please refer to 

RIN 0694–AF03 in all comments and in 

the subject line of e-mail comments. 

FOR FURTHER INFORMATION CONTACT: 

William H. Arvin, Regulatory Policy 

Division, e-mail warvin@bis.doc.gov, 

telephone 202–482–2440. 

SUPPLEMENTARY INFORMATION: The 

address for submitting e-mail comments 

was incorrectly stated under the 

ADDRESSES caption of a proposed rule 

entitled ‘‘Export Control Modernization: 

Strategic Trade Authorization License 

Exception’’ (75 FR 76653, December 9, 

2010). This correction notice states the 

correct e-mail address in the ADDESSSES

caption, which is publiccomments@bis.

doc.gov. 

In proposed rule FR Doc. 2010–30968, 

beginning on page 76653 in the issue of 

December 9, 2010, make the following 

correction: On page 76654, in the 

ADDRESSES section, correct 

‘‘publiccomments.bis.doc.gov’’ to read 

‘‘publiccomments@bis.doc.gov’’. 

Bernard Kritzer, 

Director, Office of Exporter Services. 

[FR Doc. 2010–32441 Filed 12–23–10; 8:45 am] 

BILLING CODE 3510–33–P 

DEPARTMENT OF ENERGY 

Federal Energy Regulatory 

Commission 

18 CFR Part 40 

[Docket No. RM10–5–000] 

Interpretation of Protection System 

Reliability Standard 

December 16, 2010. 

AGENCY: Federal Energy Regulatory 

Commission, Energy. 

ACTION: Notice of proposed rulemaking. 

SUMMARY: The North American Electric 

Reliability Corporation (NERC) has 

submitted a petition (Petition) 

requesting approval of NERC’s 

interpretation of Requirement R1 of 

Commission-approved Reliability 

Standard PRC–005–1 (Transmission and 

Generation Protection System 

Maintenance and Testing). The 

Commission proposes to accept the 

NERC proposed interpretation of 

Requirement R1 of Reliability Standard 

PRC–005–1, and proposes to direct 

NERC to develop modifications to the 

PRC–005–1 Reliability Standard, as 

discussed below, through its Reliability 

Standards development process to 

address gaps in the Protection System 

maintenance and testing standard, 

highlighted by the proposed 

interpretation. 

DATES: Comments are due February 25, 

2011. 

ADDRESSES: You may submit comments, 

identified by docket number and in 

accordance with the requirements 

posted on the Commission’s Web site, 

http://www.ferc.gov. Comments may be 

submitted by any of the following 

methods: 

• Agency Web Site: Documents 

created electronically using word 

processing software should be filed in 

native applications or print-to-PDF 

format and not in a scanned format, at 

http://www.ferc.gov.doc-filing/ 

efiling.asp. 

• Mail/Hand Delivery: Commenters 

unable to file comments electronically 

must mail or hand deliver an original of 

their comments to: Federal Energy 

Regulatory Commission, Secretary of the 

Commission, 888 First Street, NE., 

Washington, DC 20426. 

FOR FURTHER INFORMATION CONTACT: Ron 

LeComte (Legal Information), Office of 

the General Counsel, 888 First Street, 

NE., Washington, DC 20426. 202–502– 

8405. Ron.lecomte@ferc.gov. 

Danny Johnson (Technical 

Information), Office of Electric 

Reliability, Division of Reliability 

Standards, 888 First Street, NE., 

Washington, DC 20426. 202–502–8892. 

Danny.johnson@ferc.gov. 

SUPPLEMENTARY INFORMATION: 

NERC submitted the Petition 

requesting approval of NERC’s 

interpretation of Requirement R1 of 

Commission-approved Reliability 

Standard PRC–005–1 (Transmission and 

Generation Protection System 

Maintenance and Testing). NERC 

developed the interpretation in response 

to a request for interpretation submitted 

to NERC by the Regional Entities 

Compliance Monitoring Processes 

Working Group (Working Group).1 The 

Commission proposes to accept the 

NERC proposed interpretation of 

Requirement R1 of Reliability Standard 


erowe on DSK5CLS3C1PROD with PROPOSALS-1