20582 Federal Register / Vol. 81, No. 68 / Friday, April 8, 2016 / Proposed Rules 

17See Section 302 of the Riegle Community 

Development and Regulatory Improvement Act of 

1994 (‘‘RCDRIA’’), 12 U.S.C. 4802. 

18 12 U.S.C. 4802(b). 

the proposed rule duplicates, overlaps, 

or conflicts with any other Federal 

rules. In light of the foregoing, the Board 

does not believe that the proposed rule, 

if adopted in final form, would have a 

significant economic impact on a 

substantial number of small entities. 

Nonetheless, the Board seeks comment 

on whether the proposed rule would 

impose undue burdens on, or have 

unintended consequences for, small 

organizations, and whether there are 

ways such potential burdens or 

consequences could be minimized in a 

manner consistent with the purpose of 

the proposed rule. 

C. Riegle Community Development and 

Regulatory Improvement Act of 1994 

In determining the effective date and 

administrative compliance requirements 

for new regulations that impose 

additional reporting, disclosure, or other 

requirements on state member banks, 

the Board is required to consider, 

consistent with the principles of safety 

and soundness and the public interest, 

any administrative burdens that such 

regulations would place on depository 

institutions, and the benefits of such 

regulations.17 In addition, new 

regulations that impose additional 

reporting disclosures or other new 

requirements on insured depository 

institutions generally must take effect 

on the first day of a calendar quarter 

which begins on or after the date on 

which the regulations are published in 

final form.18

The proposed revision to the Board’s 

GSIB surcharge rule are only applicable 

to advanced approaches bank holding 

companies. Therefore, these 

requirements are not applicable to this 

proposed rule. 

D. Plain Language 

Section 722 of the Gramm-LeachBliley Act requires the Board to use 

plain language in all proposed and final 

rules published after January 1, 2000. 

The Board has sought to present the 

proposed rule in a simple 

straightforward manner, and invites 

comment on the use of plain language. 

For example: 

• Has the Board organized the material to 

suit your needs? If not, how could the Board 

present the proposed rule more clearly? 

• Are the requirements in the proposed 

rule clearly stated? If not, how could the 

proposed rule be more clearly stated? 

• Do the regulations contain technical 

language or jargon that is not clear? If so, 

which language requires clarification? 

• Would a different format (grouping and 

order of sections, use of headings, 

paragraphing) make the regulation easier to 

understand? If so, what changes would 

achieve that? 

• Is the section format adequate? If not, 

which of the sections should be changed and 

how? 

• What other changes can the Board 

incorporate to make the regulation easier to 

understand? 

List of Subjects in 12 CFR Part 217 

Administrative practice and 

procedure, Banks, Banking, Holding 

companies, Reporting and 

recordkeeping requirements, Securities. 

BOARD OF GOVERNORS OF THE 

FEDERAL RESERVE SYSTEM 

12 CFR CHAPTER II 

Authority and Issuance 

For the reasons set forth in the 

preamble, the Board proposes to amend 

chapter II of title 12 of the Code of 

Federal Regulations as follows: 

PART 217—CAPITAL ADEQUACY OF 

BANK HOLDING COMPANIES, 

SAVINGS AND LOAN HOLDING 

COMPANIES, AND STATE MEMBER 

BANKS (REGULATION Q) 

■ 1. The authority citation for part 217 

continues to read as follows: 

Authority: 12 U.S.C. 248(a), 321–338a, 

481–486, 1462a, 1467a, 1818, 1828, 1831n, 

1831o, 1831p–l, 1831w, 1835, 1844(b), 1851, 

3904, 3906–3909, 4808, 5365, 5368, 5371. 

■ 2. In § 217.404, paragraph (b)(1) is 

revised to read as follows: 

§ 217.404 Method 1 score. 

* * * * * 

(b) Systemic indicator score. (1) 

Except as provided in paragraph (b)(2) 

of this section, the systemic indicator 

score in basis points for a given 

systemic indicator is equal to: 

(i) The ratio of: 

(A) The amount of that systemic 

indicator, as reported by the bank 

holding company as of December 31 of 

the previous calendar year; to 

(B) The aggregate global indicator 

amount for that systemic indicator 

published by the Board in the fourth 

quarter of that year; 

(ii) Multiplied by 10,000; and 

(iii) Multiplied by the indicator 

weight corresponding to the systemic 

indicator as set forth in Table 1 of this 

section. 

* * * * * 

■ 3. In § 217.405, paragraph (b)(1) is 

revised to read as follows: 

§ 217.405 Method 2 score. 

* * * * * 

(b) Systemic indicator score. A global 

systemically important BHC’s score for 

a systemic indicator is equal to: 

(1) The amount of the systemic 

indicator, as reported by the bank 

holding company as of December 31 of 

the previous calendar year, expressed in 

billions of dollars; 

* * * * * 

By order of the Board of Governors of the 

Federal Reserve System, April 4, 2016. 

Robert deV. Frierson, 

Secretary of the Board. 

[FR Doc. 2016–08015 Filed 4–7–16; 8:45 am] 

BILLING CODE P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 71 

Proposed Modification of the San 

Diego, CA, Class B Airspace Area; 

Public Meetings 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Notice of meetings. 

SUMMARY: This notice announces three 

fact-finding informal airspace meetings 

to solicit information from airspace 

users and others concerning a proposal 

to amend the Class B airspace area at 

San Diego, CA. The purpose of these 

meetings is to provide interested parties 

an opportunity to present views, 

recommendations, and comments on the 

proposal. All comments received during 

these meetings will be considered prior 

to any revision or issuance of a notice 

of proposed rulemaking. 

DATES: The meetings will be held on 

Tuesday, June 28, 2016, at 6:00 p.m.; 

Wednesday, June 29, 2016, at 6:00 p.m.; 

and Thursday, June 30, 2016, at 6:00 

p.m. Doors open 30 minutes prior to the 

beginning of each meeting. Comments 

must be received on or before August 

15, 2016. 

ADDRESSES: All meetings will be held at 

San Diego International Airport, 

Commuter Airport Terminal, 3225 

North Harbor Drive, San Diego, CA 

92101. 

Comments: Send comments on the 

proposal, in triplicate, to: Tracey 

Johnson, Manager, Operations Support 

Group, Western Service Center, Air 

Traffic Organization Federal Aviation 

Administration, 1601 Lind Avenue SW., 

Renton, WA 98057, or by fax to (425) 

203–4505. 

FOR FURTHER INFORMATION CONTACT: 

Brian Fagan, FAA Support Manager, 

Southern California TRACON, 9175 


asabaliauskas on DSK3SPTVN1PROD with PROPOSALS
Federal Register / Vol. 81, No. 68 / Friday, April 8, 2016 / Proposed Rules 20583 

1See Further Definition of ‘‘Swap,’’ SecurityBased Swap,’’ and ‘‘Security-Based Swap 

Agreement’’; Mixed Swaps; Security-Based Swap 

Agreement Recordkeeping, 77 FR 48207, 48246 

(Aug. 13, 2012) (the ‘‘Products Release’’). 

2The comments were received in response to the 

CFTC’s proposed interpretation on Forward 

Contracts With Embedded Volumetric Optionality, 

79 FR 69073 (Nov. 20, 2014) (comments available 

at http://comments.cftc.gov/PublicComments/

CommentList.aspx?id=1541), and the CFTC’s notice 

of proposed rulemaking on Trade Options, 80 FR 

26200 (May 7, 2015) (comments available at 

http://comments.cftc.gov/PublicComments/

CommentList.aspx?id=1580). In addition, the 

CFTC’s Energy and Environmental Markets 

Advisory Committee discussed related issues at its 

Continued 

Kearny Villa Rd, San Diego, CA 92126, 

(858) 537–5830. 

SUPPLEMENTARY INFORMATION: 

Meeting Procedures 

(a) The meetings will be informal in 

nature and will be conducted by one or 

more representatives of the FAA 

Western Service Center and Southern 

California TRACON. A representative 

from the FAA will present a briefing on 

the planned modification to the Class B 

airspace at San Diego, CA. Each 

participant will be given an opportunity 

to deliver comments or make a 

presentation, although a time limit may 

be imposed. Only comments concerning 

the plan to modify the San Diego Class 

B airspace will be accepted. 

(b) The meetings will be open to all 

persons on a space-available basis. 

There will be no admission fee to attend 

and participate. Parking will be 

validated. Attendees needing parking 

validation should bring their parking 

stub to the meeting. 

(c) Any person wishing to make a 

presentation to the FAA panel will be 

asked to sign in and estimate the 

amount of time needed for such 

presentation. This will permit the panel 

to allocate an appropriate amount of 

time for each presenter. These meetings 

will not be adjourned until everyone on 

the list has had an opportunity to 

address the panel. 

(d) Position papers or other handout 

material relating to the substance of 

these meetings will be accepted. 

Participants wishing to submit handout 

material should present an original and 

two copies (three copies total) to the 

presiding officer. There should be 

additional copies of each handout 

available for other attendees. 

(e) These meetings will not be 

formally recorded. However, a summary 

of comments made at the meeting will 

be filed in the docket. 

Agenda for the Meetings 

—Sign-in 

—Presentation of Meeting Procedures 

—Informal Presentation of the Planned 

Class B Airspace Area Modifications 

—Solicitation of Public Comments 

—Stations of Interest on Class B 

airspace area modification 

—Drop box for written comments 

Authority: 49 U.S.C. 106(f), 106(g); 40103, 

40113, 40120; E.O.10854, 24 FR 9565, 3 CFR, 

1959–1963 Comp., p. 389. 

Issued in Washington, DC, on April 4, 

2016. 

Gemechu Gelgelu, 

Acting Manager, Airspace Policy Group. 

[FR Doc. 2016–08124 Filed 4–7–16; 8:45 am] 

BILLING CODE 4910–13–P 

COMMODITY FUTURES TRADING 

COMMISSION 

17 CFR Part 1 

SECURITIES AND EXCHANGE 

COMMISSION 

17 CFR Part 241 

[Release No. 33–10062; 34–77506; File No. 

S7–05–16] 

RIN 3235–AL93 

Certain Natural Gas and Electric Power 

Contracts 

AGENCY: Commodity Futures Trading 

Commission; Securities and Exchange 

Commission. 

ACTION: Proposed guidance. 

SUMMARY: In accordance with section 

712(d)(4) of the Dodd-Frank Wall Street 

Reform and Consumer Protection Act 

(the ‘‘Dodd-Frank Act’’), the Commodity 

Futures Trading Commission (the 

‘‘CFTC’’) and the Securities and 

Exchange Commission (‘‘SEC’’), after 

consultation with the Board of 

Governors of the Federal Reserve 

System (‘‘Board of Governors’’), are 

jointly issuing the CFTC’s proposed 

guidance on certain contracts that 

provide for rights and obligations with 

respect to electric power and natural 

gas. The CFTC invites public comment 

on all aspects of its proposed guidance. 

DATES: Comments must be received on 

or before May 9, 2016. 

ADDRESSES: You may submit comments 

by any of the following methods: 

• CFTC Web site: http://

comments.cftc.gov. Follow the 

instructions for submitting comments 

through the Comments Online process 

on the Web site. 

• Mail: Send to Christopher 

Kirkpatrick, Secretary of the 

Commission, Commodity Futures 

Trading Commission, Three Lafayette 

Centre, 1155 21st Street NW., 

Washington, DC 20581. 

• Hand Delivery/Courier: Same as 

Mail, above. 

• Federal eRulemaking Portal: http:// 

www.regulations.gov. Follow the 

instructions for submitting comments. 

Please submit your comments using 

only one of these methods. 

All comments must be submitted in 

English, or if not, accompanied by an 

English translation. Comments will be 

posted as received to www.cftc.gov. You 

should submit only information that 

you wish to make available publicly. If 

you wish the CFTC to consider 

information that you believe is exempt 

from disclosure under the Freedom of 

Information Act, a petition for 

confidential treatment of the exempt 

information may be submitted according 

to the procedures established in § 145.9 

of the CFTC’s regulations, 17 CFR 145.9. 

The CFTC reserves the right, but shall 

have no obligation, to review, prescreen, filter, redact, refuse or remove 

any or all of a submission from 

www.cftc.gov that it may deem to be 

inappropriate for publication, such as 

obscene language. All submissions that 

have been redacted or removed that 

contain comments on the merits of the 

notice will be retained in the public 

comment file and will be considered as 

required under all applicable laws, and 

may be accessible under the Freedom of 

Information Act. 

FOR FURTHER INFORMATION CONTACT: 

CFTC: David N. Pepper, Special 

Counsel, Division of Market Oversight, 

at (202) 418–5565 or dpepper@cftc.gov; 

or Mark Fajfar, Assistant General 

Counsel, Office of the General Counsel, 

at (202) 418–6636 or mfajfar@cftc.gov, 

Commodity Futures Trading 

Commission, Three Lafayette Centre, 

1155 21st Street NW., Washington, DC 

20581. SEC: Carol McGee, Assistant 

Director, Office of Derivatives Policy, 

Division of Trading and Markets, at 

(202) 551–5870, Securities and 

Exchange Commission, 100 F Street NE., 

Washington, DC 20549. 

SUPPLEMENTARY INFORMATION: 

I. Introduction 

In the final rule further defining the 

term ‘‘swap,’’ the CFTC and the SEC 

adopted an interpretation regarding the 

facts and circumstances in which 

certain agreements, contracts, or 

transactions entered into by commercial 

and non-profit entities should be 

considered not to be swaps because they 

are customary commercial 

arrangements.1 Following adoption of 

this interpretation, the CFTC received 

public comments describing certain 

types of contracts that are closely tied to 

regulatory obligations in the markets for 

electric power and natural gas.2


asabaliauskas on DSK3SPTVN1PROD with PROPOSALS