Federal Register / Vol. 89, No. 204 / Tuesday, October 22, 2024 / Rules and Regulations 84261 

1 12 U.S.C. 1828(a). 

that is specific to that covered bank and 

appropriate for its individual size, risk 

profile, activities, and complexity, including 

the complexity of its organizational and legal 

entity structure. When developing and 

maintaining its recovery plan, each covered 

bank should appropriately consider both 

financial risk and non-financial risk 

(including operational and strategic risk). 

B. Elements of recovery plan. A recovery 

plan under paragraph II.A. of this appendix 

should include the following elements: 

1. Overview of covered bank. A recovery 

plan should describe the covered bank’s 

overall organizational and legal entity 

structure, including its material entities, 

critical operations, core business lines, and 

core management information systems. The 

plan should describe interconnections and 

interdependencies: 

(i) Across business lines within the 

covered bank; 

(ii) With affiliates in a bank holding 

company structure; 

(iii) Between a covered bank and its foreign 

subsidiaries; and 

(iv) With critical third parties. 

2. Triggers. A recovery plan should 

identify financial triggers and non-financial 

triggers that appropriately reflect the covered 

bank’s particular vulnerabilities. 

3. Options for recovery. A recovery plan 

should identify a wide range of credible 

options that a covered bank could undertake 

to restore financial strength and viability, 

thereby allowing the bank to continue to 

operate as a going concern and to avoid 

liquidation or resolution. A recovery plan 

should explain how the covered bank would 

carry out each option and describe the timing 

required for carrying out each option. The 

recovery plan should specifically identify the 

recovery options that require regulatory or 

legal approval. 

4. Impact assessments. For each recovery 

option, a covered bank should assess and 

describe how the option would affect the 

covered bank. This impact assessment and 

description should specify the procedures 

the covered bank would use to maintain the 

financial strength and viability of its material 

entities, critical operations, and core business 

lines for each recovery option. For each 

option, the recovery plan’s impact 

assessment should address the following: 

a. The effect on the covered bank’s capital, 

liquidity, funding, and profitability; 

b. The effect on the covered bank’s material 

entities, critical operations, and core business 

lines, including reputational impact; 

c. The effect on the covered bank’s risk 

profile as a result of changes to its financial 

risk and non-financial risk; and 

d. Any legal or market impediment or 

regulatory requirement that must be 

addressed or satisfied in order to implement 

the option. 

5. Escalation procedures. A recovery plan 

should clearly outline the process for 

escalating decision-making to senior 

management or the board of directors (or an 

appropriate committee of the board of 

directors), as appropriate, in response to the 

breach of any trigger. The recovery plan 

should also identify the departments and 

persons responsible for executing the 

decisions of senior management or the board 

of directors (or an appropriate committee of 

the board of directors). 

6. Management reports. A recovery plan 

should require reports that provide senior 

management or the board of directors (or an 

appropriate committee of the board of 

directors) with sufficient data and 

information to make timely decisions 

regarding the appropriate actions necessary 

to respond to the breach of a trigger. 

7. Communication procedures. A recovery 

plan should provide that the covered bank 

notify the OCC of any significant breach of 

a trigger and any action taken or to be taken 

in response to such breach and should 

explain the process for deciding when a 

breach of a trigger is significant. A recovery 

plan also should address when and how the 

covered bank will notify persons within the 

organization and other external parties of its 

action under the recovery plan. The recovery 

plan should specifically identify how the 

covered bank will obtain required regulatory 

or legal approvals. 

8. Other information. A recovery plan 

should include any other information that 

the OCC communicates in writing directly to 

the covered bank regarding the covered 

bank’s recovery plan. 

C. Relationship to other processes; 

coordination with other plans. The covered 

bank should integrate its recovery plan into 

its risk governance functions. The covered 

bank also should align its recovery plan with 

its other plans, such as its strategic; 

operational (including business continuity 

and resilience program); contingency; capital 

(including stress testing); liquidity; and 

resolution planning. The covered bank’s 

recovery plan should be specific to that 

covered bank. The covered bank also should 

coordinate its recovery plan with any 

recovery and resolution planning efforts by 

the covered bank’s holding company, so that 

the plans are consistent with and do not 

contradict each other. 

D. Testing. Each covered bank should test 

its recovery plan periodically but not less 

than annually and following any significant 

changes to the recovery plan made in 

response to a material event. Testing should 

validate the effectiveness of the recovery 

plan, including by considering each element 

set forth in paragraph II.B. of this appendix, 

and should be appropriate for the bank’s 

individual size, risk profile, activities, and 

complexity, including the complexity of its 

organizational and legal entity structure. 

Each covered bank should revise its recovery 

plan as appropriate following completion of 

testing. 

* * * * * 

Michael J. Hsu, 

Acting Comptroller of the Currency. 

[FR Doc. 2024–24402 Filed 10–21–24; 8:45 am] 

BILLING CODE 4810–33–P 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

12 CFR Part 328 

RIN 3064–AF26 

FDIC Official Signs and Advertising 

Requirements, False Advertising, 

Misrepresentation of Insured Status, 

and Misuse of the FDIC’s Name or 

Logo 

AGENCY: Federal Deposit Insurance 

Corporation (FDIC). 

ACTION: Final rule; delay of compliance 

date. 

SUMMARY: On December 20, 2023, the 

FDIC adopted a final rule that, among 

other things, amended the FDIC’s sign 

and advertising requirements for 

insured depository institutions (IDIs). 

The amendments made by the final rule 

took effect on April 1, 2024; however, 

full compliance with the amendments 

was extended to January 1, 2025. 

The FDIC is delaying the compliance 

date for the new sign and advertising 

requirements for IDIs in the final rule to 

May 1, 2025. This delay will provide 

additional opportunity for IDIs to 

establish processes and systems, and 

make technological updates, necessary 

to implement the new regulatory 

requirements. 

DATES: The compliance date for the 

amendments to subpart A of 12 CFR 

part 328 in the final rule published at 

89 FR 3504 on January 18, 2024, is 

delayed to May 1, 2025. 

FOR FURTHER INFORMATION CONTACT: 

Division of Depositor and Consumer 

Protection: Luke H. Brown, Associate 

Director, 202–898–3842, LuBrown@

FDIC.gov; Meron Wondwosen, Chief, 

Supervisory Policy, 202–898–7211, 

MeWondwosen@FDIC.gov; Edward J. 

Hof, Senior Policy Analyst, 202–898– 

7213, EdwHof@FDIC.gov. Legal 

Division: Chantal Hernandez, Counsel, 

202–898–7388, ChHernandez@

FDIC.gov; Shane Bogusz, Attorney, 202– 

898–6571, SBogusz@FDIC.gov. 

SUPPLEMENTARY INFORMATION: On 

December 20, 2023, the FDIC Board of 

Directors adopted a final rule revising 

the sign and advertising regulations 

implementing section 18(a) of the 

Federal Deposit Insurance Act.1 On 

January 18, 2024 (89 FR 3504), the final 

rule was published in the Federal 

Register. 

The final rule became effective on 

April 1, 2024, and required full 

compliance with the rule by January 1, 

2025. Based upon feedback from IDIs 


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84262 Federal Register / Vol. 89, No. 204 / Tuesday, October 22, 2024 / Rules and Regulations 

2https://www.fdic.gov/deposit-insurance/ 

questions-and-answers-related-fdics-part-328-finalrule. 

and other banking industry participants, 

the FDIC understands that some IDIs 

would find it beneficial to have 

additional time beyond the January 1, 

2025, compliance date to implement the 

new regulatory requirements under 

subpart A of 12 CFR part 328. In 

particular, some IDIs have reported they 

continue to update online systems and 

platforms, and have requested 

additional time to meet the new 

requirements under subpart A. To 

provide additional opportunity for IDIs 

to put in place processes and systems, 

and make technological updates, the 

FDIC is delaying the compliance date 

for amendments to subpart A of 12 CFR 

part 328 from January 1, 2025, to May 

1, 2025. The compliance date for the 

final rule amendments to subpart B of 

12 CFR part 328 remains January 1, 

2025. 

The FDIC has also received a number 

of questions from industry participants 

regarding the application of the new 

requirements. In response, the FDIC has 

published two sets of ‘‘Questions and 

Answers’’ 2 addressing certain issues 

raised by industry participants. The 

FDIC has continued to receive requests 

for additional clarity. The FDIC will 

continue to evaluate questions that have 

been received and will endeavor to 

make any additional potential 

‘‘Questions and Answers’’ publicly 

available by November 30, 2024, to 

facilitate effective compliance by the 

May 1, 2025, compliance date. 

Federal Deposit Insurance Corporation. 

By order of the Board of Directors. 

Dated at Washington, DC, on October 17, 

2024. 

James P. Sheesley, 

Assistant Executive Secretary. 

[FR Doc. 2024–24433 Filed 10–21–24; 8:45 am] 

BILLING CODE 6714–01–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 39 

[Docket No. FAA–2024–1889; Project 

Identifier MCAI–2024–00134–T; Amendment 

39–22858; AD 2024–19–16] 

RIN 2120–AA64 

Airworthiness Directives; Deutsche 

Aircraft GmbH (Type Certificate 

Previously Held by 328 Support 

Services GmbH; AvCraft Aerospace 

GmbH; Fairchild Dornier GmbH; 

Dornier Luftfahrt GmbH) Airplanes 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Final rule. 

SUMMARY: The FAA is adopting a new 

airworthiness directive (AD) for all 

Deutsche Aircraft GmbH Model 328–100 

and 328–300 airplanes. This AD was 

prompted by reports of a broken 

attachment eyebolt in a Collins 

Aerospace JB6 Commuter Class 

passenger seat. This AD requires a onetime detailed inspection of each affected 

part, and applicable corrective actions, 

and limits the installation of affected 

parts, as specified in a European Union 

Aviation Safety Agency (EASA) AD, 

which is proposed for incorporation by 

reference (IBR). The FAA is issuing this 

AD to address the unsafe condition on 

these products. 

DATES: This AD is effective November 

26, 2024. 

The Director of the Federal Register 

approved the incorporation by reference 

of a certain publication listed in this AD 

as of November 26, 2024. 

ADDRESSES: 

AD Docket: You may examine the AD 

docket at regulations.gov under Docket 

No. FAA–2024–1889; or in person at 

Docket Operations between 9 a.m. and 

5 p.m., Monday through Friday, except 

Federal holidays. The AD docket 

contains this final rule, the mandatory 

continuing airworthiness information 

(MCAI), any comments received, and 

other information. The address for 

Docket Operations is U.S. Department of 

Transportation, Docket Operations, M– 

30, West Building Ground Floor, Room 

W12–140, 1200 New Jersey Avenue SE, 

Washington, DC 20590. 

Material Incorporated by Reference: 

• For EASA material identified in this 

AD, contact EASA, Konrad-AdenauerUfer 3, 50668 Cologne, Germany; 

telephone +49 221 8999 000; email 

ADs@easa.europa.eu; website 

easa.europa.eu. You may find this 

material on the EASA website at 

ad.easa.europa.eu. 

• You may view this material at the 

FAA, Airworthiness Products Section, 

Operational Safety Branch, 2200 South 

216th St., Des Moines, WA. For 

information on the availability of this 

material at the FAA, call 206–231–3195. 

It is also available at regulations.gov 

under Docket No. FAA–2024–1889. 

FOR FURTHER INFORMATION CONTACT: 

Todd Thompson, Aviation Safety 

Engineer, FAA, 1600 Stewart Avenue, 

Suite 410, Westbury, NY 11590; 

telephone 206–231–3228; email 

todd.thompson@faa.gov. 

SUPPLEMENTARY INFORMATION: 

Background 

The FAA issued a notice of proposed 

rulemaking (NPRM) to amend 14 CFR 

part 39 by adding an AD that would 

apply to all Deutsche Aircraft GmbH 

Model 328–100 and 328–300 airplanes. 

The NPRM published in the Federal 

Register on July 17, 2024 (89 FR 58089). 

The NPRM was prompted by AD 2024– 

0051, dated February 23, 2024, issued 

by EASA, which is the Technical Agent 

for the Member States of the European 

Union (EASA AD 2024–0051) (also 

referred to as the MCAI). The MCAI 

states there have been reports of a 

broken attachment eyebolt in a Collins 

Aerospace JB6 Commuter Class 

passenger seat. The eyebolt is the 

connection between the reclining 

mechanism and the seat structure and 

connects the seat belt to the seat 

structure. Broken attachment eyebolts, if 

not detected and corrected, could 

prevent the correct operation of the 

safety belts, possibly resulting in 

injuries to seat occupants. 

In the NPRM, the FAA proposed to 

require a one-time detailed inspection of 

each affected part, and applicable 

corrective actions, and to limit the 

installation of affected parts, as 

specified in EASA AD 2024–0051. The 

FAA is issuing this AD to address the 

unsafe condition on these products. 

You may examine the MCAI in the 

AD docket at regulations.gov under 

Docket No. FAA–2024–1889. 

Discussion of Final Airworthiness 

Directive 

Comments 

The FAA received no comments on 

the NPRM or on the determination of 

the cost to the public. 

Conclusion 

This product has been approved by 

the aviation authority of another 

country and is approved for operation in 

the United States. Pursuant to the FAA’s 

bilateral agreement with this State of 

Design Authority, it has notified the 


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