Federal Register / Vol. 89, No. 224 / Wednesday, November 20, 2024 / Notices 91751 

1 31 U.S.C. 313 note. 

2 Id. 

3 89 FR 57154 (July 12, 2024). 

4 International Association of Insurance 

Supervisors, https://www.iaisweb.org/activitiestopics/standard-setting/insurance-capitalstandard/. 

5 IAIS statement, ‘‘The IAIS begins the AM 

comparability assessment,’’ October 17, 2023, 

https://www.iaisweb.org/uploads/2023/10/IAISstatement-IAIS-begins-the-AM-comparabilityassessment.pdf. 

and submitted a report to Congress as 

contemplated by section 211(c)(3) of the 

Economic Growth, Regulatory Relief, 

and Consumer Protection Act 

(EGRRCPA), on the impact on 

consumers and markets in the United 

States before supporting or consenting 

to the adoption of a final international 

insurance capital standard. In 

accordance with section 211(c)(3)(B)(ii) 

of EGRRCPA, the agencies invite 

comment on the report. 

DATES: Comments must be received by 

January 12, 2025. 

ADDRESSES: Comments should be 

directed to: 

Board: You may submit comments, 

identified by Docket No. OP–1845 by 

any of the following methods: 

• Email: regs.comments@

federalreserve.gov. Include the docket 

number in the subject line of the 

message. 

• Fax: (202) 452–3819 or (202) 452– 

3102. 

• Mail: Ann E. Misback, Secretary, 

Board of Governors of the Federal 

Reserve System, 20th Street and 

Constitution Avenue NW, Washington, 

DC 20551. 

In general, all public comments will 

be made available on the Board’s 

website at www.federalreserve.gov/ 

generalinfo/foia/ProposedRegs.cfm as 

submitted, and will not be modified to 

remove confidential, contact or any 

identifiable information. Public 

comments may also be viewed 

electronically or in paper in Room M– 

4365A, 2001 C St. NW, Washington, DC 

20551, between 9 a.m. and 5 p.m. 

during Federal business weekdays. 

Treasury: Submit comments 

electronically through the Federal 

eRulemaking Portal at http://

www.regulations.gov, in accordance 

with the instructions on that site, or by 

mail to the Federal Insurance Office, 

Attn: Krishna Kundu, Room 1410 MT, 

Department of the Treasury, 1500 

Pennsylvania Avenue NW, Washington, 

DC 20220. Because postal mail may be 

subject to processing delays, it is 

recommended that comments be 

submitted electronically. If submitting 

comments by mail, please submit an 

original version with two copies. 

Comments should be captioned ‘‘FED– 

FIO ICS Impact Study Report.’’ In 

general, Treasury will post all 

comments to www.regulations.gov 

without change, including any business 

or personal information provided such 

as names, addresses, email addresses, or 

telephone numbers. All comments, 

including attachments and other 

supporting materials, are part of the 

public record and subject to public 

disclosure. You should submit only 

information that you wish to make 

available publicly. 

FOR FURTHER INFORMATION CONTACT: 

Board: Lara Lylozian, Deputy 

Associate Director and Chief 

Accountant, (202) 475–6656; or Matt 

Walker, Manager, Insurance Supervision 

& Regulation, (202) 872–4971, Division 

of Supervision and Regulation; or 

Dafina Stewart, Deputy Associate 

General Counsel, (202) 452–2677; 

Andrew Hartlage, Special Counsel, (202) 

452–6483; Jonah Kind, Senior Counsel, 

(202) 452–2045; or Jasmin Keskinen, 

Senior Attorney, (202) 475–6650, Legal 

Division, Board of Governors of the 

Federal Reserve System, 20th Street and 

Constitution Avenue NW, Washington, 

DC 20551. For users of TTY–TRS, please 

call 711 from any telephone, anywhere 

in the United States. 

Treasury: Krishna Kundu, Senior 

Insurance Regulatory Policy Analyst, 

FIO, (202) 622–2753; or Mark Schlegel, 

Senior Counsel, Office of the General 

Counsel, Department of the Treasury, 

(202) 622–1027, Department of the 

Treasury, 1500 Pennsylvania Avenue 

NW, Washington, DC 20220. 

SUPPLEMENTARY INFORMATION: Under 

section 211(c)(3)(A) of EGRRCPA,1 the 

Secretary of the Treasury (the 

Secretary), the Chair of the Board (the 

Chair), and the Director of FIO must, in 

consultation with the National 

Association of Insurance 

Commissioners, complete a study on, 

and submit to Congress a report on the 

results of the study, the impact on 

consumers and markets in the United 

States before supporting or consenting 

to the adoption of any final 

international insurance capital standard. 

In addition, section 211(c)(3)(B)(ii) of 

EGRRCPA provides that there shall be 

an opportunity for public comment for 

a period of 60 days after the date on 

which the report is submitted to 

Congress.2 Previously, the Secretary, the 

Chair, and the Director of FIO provided 

public notice before commencing to 

draft the report, as required by section 

211(c)(3)(B)(i) of EGRRCPA.3 In 

connection with this request for 

comment, the Secretary, the Chair, and 

the Director of FIO are also providing 

public notice that the draft of the report 

is completed, as required by section 

211(c)(3)(B)(i) of EGRRCPA. 

As background, the International 

Association of Insurance Supervisors 

(IAIS) is developing the Insurance 

Capital Standard (ICS) as a consolidated 

group-wide capital standard for 

internationally active insurance groups, 

to create a common language for 

insurance supervisors and enhance 

global convergence on insurance capital 

regulation.4 The IAIS also is assessing 

whether the Aggregation Method 

developed by the United States provides 

comparable outcomes to the ICS. If so, 

it will be considered an outcomeequivalent approach for implementation 

of the ICS as a prescribed capital 

requirement.5

On November 13, 2024, the Secretary, 

the Chair, and the Director of FIO 

submitted to Congress the report 

contemplated in section 211(c)(3)(A) of 

EGRRCPA. Pursuant to section 

211(c)(3)(C) of EGRRCPA, the Secretary, 

the Chair, and the Director of FIO also 

submitted the report to the Comptroller 

General of the United States for review. 

A copy of the report is available at 

https://www.federalreserve.gov/ 

publications/the-impact-of-theinternational-insurance-capitalstandard-on-consumers-and-markets-inthe-united-states.htm. The agencies 

invite public comment on the report. 

Interested persons should direct their 

comments as provided above in this 

notice. Comments must be received by 

January 12, 2025. 

Kayla Arslanian, 

Executive Secretary, Department of the 

Treasury. 

Steven E. Seitz, 

Director, Federal Insurance Office, 

Department of the Treasury. 

By order of the Chair of the Board of 

Governors of the Federal Reserve System. 

Ann E. Misback, 

Secretary of the Board. 

[FR Doc. 2024–27005 Filed 11–19–24; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Change in Bank Control Notices; 

Acquisitions of Shares of a Savings 

and Loan Holding Company 

The notificants listed below have 

applied under the Change in Bank 

Control Act (‘‘Act’’) (12 U.S.C. 1817(j)) 

and of the Board’s Regulation LL (12 

CFR 238.31) to acquire shares of a 

savings and loan holding company. The 

factors that are considered in acting on 


khammond on DSK9W7S144PROD with NOTICES
91752 Federal Register / Vol. 89, No. 224 / Wednesday, November 20, 2024 / Notices 

the notices are set forth in paragraph 6 

of the Act (12 U.S.C. 1817(j)(6)). 

The public portions of the 

applications listed below, as well as 

other related filings required by the 

Board, if any, are available for 

immediate inspection at the Federal 

Reserve Bank(s) indicated below and at 

the offices of the Board of Governors. 

This information may also be obtained 

on an expedited basis, upon request, by 

contacting the appropriate Federal 

Reserve Bank and from the Board’s 

Freedom of Information Office at 

https://www.federalreserve.gov/foia/ 

request.htm. Interested persons may 

express their views in writing on the 

standards enumerated in paragraph 6 of 

the Act. 

Comments received are subject to 

public disclosure. In general, comments 

received will be made available without 

change and will not be modified to 

remove personal or business 

information including confidential, 

contact, or other identifying 

information. Comments should not 

include any information such as 

confidential information that would not 

be appropriate for public disclosure. 

Comments regarding each of these 

applications must be received at the 

Reserve Bank indicated or the offices of 

the Board of Governors, Ann E. 

Misback, Secretary of the Board, 20th 

Street and Constitution Avenue NW, 

Washington DC 20551–0001, not later 

than December 5, 2024. 

A. Federal Reserve Bank of 

Philadelphia (William Spaniel, Senior 

Vice President) 100 North 6th Street, 

Philadelphia, Pennsylvania 19105– 

1521. Comments can also be sent 

electronically to 

Comments.applications@phil.frb.org: 

1. Nicholas A. Frungillo Jr., as trustee 

of a to-be-formed voting trust, both of 

Mountainside, New Jersey, for the 

benefit of Mark Silber; to acquire voting 

shares of Vecta, Inc., New York, New 

York, and thereby indirectly acquire 

voting shares of Sunnyside Federal 

Savings and Loan Association of 

Irvington, Irvington, New York. 

Board of Governors of the Federal Reserve 

System. 

Michele Taylor Fennell, 

Associate Secretary of the Board. 

[FR Doc. 2024–27104 Filed 11–19–24; 8:45 am] 

BILLING CODE P 

GENERAL SERVICES 

ADMINISTRATION 

[Notice-MRB–2024–08; Docket No. 2024– 

0002; Sequence No. 54] 

Notice of Acquisition Policy Federal 

Advisory Committee Upcoming WebBased Public Meeting 

AGENCY: Office of Government-wide 

Policy (OGP), General Services 

Administration (GSA). 

ACTION: Notice. 

SUMMARY: GSA is providing notice of a 

meeting of the GSA Acquisition Policy 

Federal Advisory Committee 

(hereinafter ‘‘the Committee’’ or ‘‘the 

GAP FAC’’) in accordance with the 

requirements of the Federal Advisory 

Committee Act (FACA), as amended. 

This meeting will be open to the public, 

accessible via webcast. Information on 

attending and providing written and 

oral public comment is under the 

SUPPLEMENTARY INFORMATION section. 

DATES: The GAP FAC will hold an open 

public meeting on Thursday, December 

5, 2024, from 11 a.m. to 1 p.m. eastern 

standard time (EST). 

ADDRESSES: The meeting will be 

accessible via webcast. Registrants are 

required to register to receive the 

webcast information before the meeting. 

FOR FURTHER INFORMATION CONTACT: 

Stephanie Hardison, Designated Federal 

Officer, OGP, 202–258–6823, or David 

Cochennic, Deputy Designated Federal 

Officer,OGP, 904–403–0829, or email: 

gapfac@gsa.gov. Additional information 

about the Committee, including meeting 

materials and agendas, are available online at https://gsa.gov/policyregulations/policy/acquisition-policy/ 

gsa-acquisition-policy-federal-advisorycommittee. 

SUPPLEMENTARY INFORMATION: The GAP 

FAC serves as an advisory body to 

GSA’s Administrator, providing 

guidance on how GSA can utilize its 

acquisition tools and authorities to 

target the highest priority challenges in 

federal procurement. The GAP FAC will 

focus on advising GSA on regulatory, 

policy and procedural reforms that will 

facilitate policy development and 

strategies for integrating emerging 

technological considerations in the 

federal acquisition process. Through 

these efforts, the GAP FAC aims to 

facilitate impactful advancements that 

drive innovation in federal 

procurement. 

Purpose of the Meeting 

The purpose of this meeting is to 

provide introductions, discuss the 

Committee charge, and begin the 

Committee’s work. 

Meeting Agenda 

• Welcome and Opening remarks 

• GAP FAC Purpose & Goals 

• Expert Speaker or Presentation 

• Review of Priorities and Discussion 

• Public Comments 

• Summary and Next Steps 

• Closing Remarks and Adjournment 

Meeting Registration 

The meeting is open to the public and 

the meeting will be accessible by 

webcast. Registration information is 

located on the GAP FAC website: 

https://www.gsa.gov/policy-regulations/ 

policy/acquisition-policy/gsaacquisition-policy-federal-advisorycommittee. Public attendees who want 

to attend virtually will need to register 

no later than 5 p.m. EST, on December 

4, 2024 to obtain the meeting webcast 

information. All registrants will be 

asked to provide their name, affiliation, 

and email address. After registration, 

individuals will receive webcast access 

information details via email. 

Public Comment 

Written and oral comments are being 

accepted throughout the life of the 

Committee. Written comments can be 

sent to gapfac@gsa.gov. For written 

comments specific to this public 

meeting, submit the comment via email 

by December 4, 2024 with the meeting 

date in the subject line. Written 

comments submitted after December 4, 

2024 will be provided to the Committee 

members, but please be advised that 

Committee members may not have 

adequate time to consider the comments 

prior to the meeting. Public participants 

will be given the opportunity to provide 

oral comments during the meeting. Oral 

comments will be captured on the 

meeting recording and posted to the 

GAP FAC website once the meeting 

materials are approved. 

Special Accommodations 

For information on services for 

individuals with disabilities, or to 

request accommodation of a disability, 

please contact the Designated Federal 

Officer at least 10 business days prior to 

the meeting to give GSA as much time 

as possible to process the request. 

Closed captioning and live ASL 

interpreter services will be available. 

Jeffrey A. Koses, 

Senior Procurement Executive and Acting 

Chief Acquisition Officer, Office of 

Government-wide Policy, General Services 

Administration. 

[FR Doc. 2024–27069 Filed 11–19–24; 8:45 am] 

BILLING CODE 6820–61–P 


khammond on DSK9W7S144PROD with NOTICES