[Federal Register Volume 80, Number 72 (Wednesday, April 15, 2015)]
[Proposed Rules]
[Pages 20173-20175]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-08619]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

12 CFR Chapter I

[Docket ID FFIEC-2014-0001]

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

12 CFR Chapter II

[Docket No. R-1510]

FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Chapter III


Regulatory Publication and Review Under the Economic Growth and 
Regulatory Paperwork Reduction Act of 1996

AGENCIES: Office of the Comptroller of the Currency (``OCC''), 
Treasury; Board of Governors of the Federal Reserve System (``Board''); 
and Federal Deposit Insurance Corporation (``FDIC'').

ACTION: Notice of outreach meeting.

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SUMMARY: The OCC, Board, and FDIC (``Agencies'') announce the third in 
a series of outreach meetings on the Agencies' interagency process to 
review their regulations under the Economic Growth and Regulatory 
Paperwork Reduction Act of 1996 (``EGRPRA'').

DATES: An outreach meeting will be held in Boston, Massachusetts on 
Monday, May 4, 2015, beginning at 9:00 a.m. Eastern Daylight Time 
(EDT). Online registrations will be accepted through April 27, 2015, or 
until all seats are filled, whichever is earlier. If seats are 
available after the close of online registration, individuals may 
register in person at the Federal Reserve Bank of Boston on the day of 
the meeting. Additional outreach meetings are scheduled for August 4, 
2015, in Kansas City, Missouri (focusing on rural insured depository 
institutions); October 19, 2015, in Chicago, Illinois; and December 2, 
2015, in Washington, DC.

ADDRESSES: The Agencies will hold the May 4, 2015, outreach meeting at 
the Federal Reserve Bank of Boston, 600 Atlantic Avenue, Boston, 
Massachusetts 02210. Live video of this meeting will be streamed at 
http://egrpra.ffiec.gov/. All participants should register at
 http://egrpra.ffiec.gov/outreach/outreach-index.html.
    Any interested individual may submit comments through the EGRPRA 
Web site during open comment periods at: http://egrpra.ffiec.gov/submit-comment/submit-comment-index.html. On this site, click ``Submit 
a Comment'' and follow the instructions. Alternatively, comments also 
may be submitted through the Federal eRulemaking Portal 
``Regulations.gov'' at: http://www.regulations.gov. Enter ``Docket ID 
FFIEC-2014-0001'' in the Search Box, click ``Search,'' and click 
``Comment Now.'' Those who wish to submit their comments by an 
alternate means may do so as indicated by each agency below.
    OCC:
    The OCC encourages commenters to submit comments through the 
Federal eRulemaking Portal, Regulations.gov, in accordance with the 
previous paragraph. Alternatively, comments may be emailed to 
<a href="/cdn-cgi/l/email-protection#5e2c3b392d703d3133333b302a2d1e313d3d702a2c3b3f2d70393128"><span class="__cf_email__" data-cfemail="5f2d3a382c713c3032323a312b2c1f303c3c712b2d3a3e2c71383029">[email protected]</span></a> or sent by mail to Legislative and 
Regulatory Activities Division, Office of the Comptroller of the 
Currency, Mail Stop 9W-11, 400 7th Street SW., Washington, DC 20219. 
Comments also may be faxed to (571) 465-4326 or hand delivered or sent 
by courier to 400 7th Street SW., Washington, DC 20219. For comments 
submitted by any means other than Regulations.gov, you must include 
``OCC'' as the agency name and ``Docket ID FFIEC-2014-0001'' in your 
comment.
    In general, the OCC will enter all comments received into the 
docket and publish them without change on Regulations.gov. Comments 
received, including attachments and other supporting materials, as well 
as any business or personal information you provide, such as your name 
and address, email address, or phone number, are part of the public 
record and subject to public disclosure. Therefore, please do not 
include any information with your comment or supporting materials that 
you consider confidential or inappropriate for public disclosure.
    You may inspect and photocopy in person all comments received by 
the OCC at 400 7th Street SW., Washington, DC 20219. For security 
reasons, the OCC requires that visitors make an appointment to inspect 
or photocopy comments. You may make an appointment by calling (202) 
649-6700. Upon arrival, visitors will be required to present valid 
government-issued photo identification and submit to a security 
screening.
    Board:
    The Board encourages commenters to submit comments regarding the 
Board's regulations by any of the following methods:
    <bullet> Agency Web site: http://www.federalreserve.gov/apps/foia/

[[Page 20174]]

proposedregs.aspx. Follow the instructions for submitting comments on 
the Agency Web site.
    <bullet> Federal eRulemaking Portal, in accordance with the 
directions above.
    <bullet> Email: <a href="/cdn-cgi/l/email-protection#88faedeffba6ebe7e5e5ede6fcfbc8eeedecedfae9e4faedfbedfafeeda6efe7fe"><span class="__cf_email__" data-cfemail="493b2c2e3a672a2624242c273d3a092f2c2d2c3b28253b2c3a2c3b3f2c672e263f">[email protected]</span></a>. Include 
``EGRPRA'' and Docket No. R-1510 in the subject line of the message.
    <bullet> FAX: (202) 452-3819.
    <bullet> Mail: Robert deV. Frierson, Secretary, Board of Governors 
of the Federal Reserve System, 20th Street and Constitution Avenue NW., 
Washington, DC 20551.
    In general, the Board will enter all comments received into the 
docket and publish them without change on the Board's public Web site, 
www.federalreserve.gov; Regulations.gov; and http://egrpra.ffiec.gov. 
Comments received, including attachments and other supporting 
materials, as well as any business or personal information you provide, 
such as your name and address, email address, or phone number, are part 
of the public record and subject to public disclosure. Therefore, 
please do not enclose any information with your comment or supporting 
materials that you consider confidential or inappropriate for public 
disclosure.
    You may inspect and photocopy in person all comments received by 
the Board at 20th Street and Constitution Avenue NW., Washington, DC 
20551. For security reasons, the Board requires that visitors make an 
appointment to inspect comments. You may make an appointment by calling 
(202) 452-3000. Upon arrival, visitors will be required to present 
valid government-issued photo identification and submit to a security 
screening.
    FDIC:
    The FDIC encourages commenters to submit comments through the 
Federal eRulemaking Portal, ``Regulations.gov,'' in accordance with the 
directions above. Alternatively, you may submit comments by any of the 
following methods:
    <bullet> Agency Web site: http://www.fdic.gov/regulations/laws/federal. Follow instructions for submitting comments on the Agency Web 
site.
    <bullet> Email: <a href="/cdn-cgi/l/email-protection#24674b4949414a50576462606d670a434b52"><span class="__cf_email__" data-cfemail="01426e6c6c646f757241474548422f666e77">[email protected]</span></a>. Include ``EGRPRA'' in the 
subject line of the message.
    <bullet> Mail: Robert E. Feldman, Executive Secretary, Attention: 
Comments, Federal Deposit Insurance Corporation, 550 17th Street, NW., 
Washington, DC 20429.
    <bullet> Hand Delivery/Courier: Guard station at the rear of the 
550 17th Street Building (located on F Street) on business days between 
7 a.m. and 5 p.m. (EDT).
    The FDIC will post all comments received to http://www.fdic.gov/regulations/laws/federal without change, including any personal 
information provided. Comments may be inspected and photocopied in the 
FDIC Public Information Center, 3501 North Fairfax Drive, Room E-1002, 
Arlington, VA 22226, between 9 a.m. and 5 p.m. (EDT) on business days. 
Paper copies of public comments may be ordered from the Public 
Information Center by calling (877) 275-3342.

FOR FURTHER INFORMATION CONTACT:
    OCC: Heidi M. Thomas, Special Counsel, (202) 649-5490; for persons 
who are deaf or hard of hearing, TTY (202) 649-5597.
    Board: Kevin Wilson, Financial Analyst, (202) 452-2362; Claudia Von 
Pervieux, Counsel (202) 452-2552; for persons who are deaf or hard of 
hearing, TTY (202) 263-4869.
    FDIC: Ruth R. Amberg, Assistant General Counsel, (202) 898-3736; 
for persons who are deaf or hard of hearing, TTY 1-800-925-4618.

SUPPLEMENTARY INFORMATION: EGRPRA \1\ directs the Agencies, along with 
the Federal Financial Institutions Examination Council (Council), not 
less frequently than once every ten years, to conduct a review of their 
regulations to identify outdated or otherwise unnecessary regulations 
imposed on insured depository institutions. As part of this review, the 
Agencies are holding a series of six outreach meetings to provide an 
opportunity for bankers, consumer and community groups, and other 
interested persons to present their views directly to senior management 
and staff of the Agencies on any of 12 specific categories of the 
Agencies' regulations, as further described below. The Agencies held 
the first of these outreach meetings on December 2, 2014, in Los 
Angeles, California, and the second outreach meeting on February 4, 
2015, in Dallas, Texas.\2\ Additional details about the first two 
outreach meetings, including the agendas, are available on the EGRPRA 
Web site at http://egrpra.ffiec.gov/outreach/outreach-index.html.
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    \1\ Public Law 104-208 (1996), 110 Stat. 3009-414, codified at 
12 U.S.C. 3311.
    \2\ Recorded videos of these outreach meetings are available on 
the EGRPRA Web site at http://egrpra.ffiec.gov/outreach/outreach-index.html.
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    The third outreach meeting will be held on May 4, 2015, in Boston, 
Massachusetts and will be streamed live at http://egrpra.ffiec.gov/. 
Senior agency staff from the Board, OCC, and FDIC are scheduled to 
attend. The meeting will consist of panels of bankers and consumer and 
community groups who will present particular issues. There will be 
limited time after each panel for comments from meeting attendees. In 
addition, there will be a session at the end of the meeting during 
which audience members may present views on any of the regulations 
under review. The Agencies reserve the right to limit the time of 
individual commenters, if needed, in order to accommodate the number of 
persons desiring to speak.
    Comments made by panelists and audience members at this meeting 
will be reflected in the public comment file. Audience members who do 
not wish to comment orally may submit written comments at the meeting. 
As noted above, any interested person may submit comments through the 
EGRPRA Web site during open comment periods at: http://egrpra.ffiec.gov/submit-comment/submit-comment-index.html or directly 
to the Agencies through any of the other manners specified above.
    All participants should register for the Boston outreach meeting at 
http://egrpra.ffiec.gov/outreach/outreach-index.html. Because of space 
constraints, on-site attendance will be limited. Online registrations 
will be accepted through April 27, 2015, or until all seats are filled, 
whichever is earlier. If seats are available, individuals may register 
in person at the Federal Reserve Bank of Boston on the day of the 
meeting. Individuals do not need to register to view the live-stream 
broadcast.
    We note that the meeting will be video-recorded and publicly 
webcast in order to increase education and outreach. By participating 
in person at the meeting, you consent to appear in such recordings.

Additional Background on EGRPRA

    Section 2222 of EGRPRA directs the Agencies, along with the 
Council, to conduct a review of their regulations not less frequently 
than once every ten years to identify outdated or otherwise unnecessary 
regulatory requirements imposed on insured depository institutions. In 
conducting this review, the Agencies are required to categorize their 
regulations by type and, at regular intervals, provide notice and 
solicit public comment on categories of regulations, requesting 
commenters to identify areas of regulations that are outdated, 
unnecessary, or unduly burdensome. The statute requires the Agencies to 
publish in the Federal Register a summary of the comments received, 
identifying significant issues raised and commenting on these issues. 
The statute also directs the Agencies to

[[Page 20175]]

eliminate unnecessary regulations to the extent that such action is 
appropriate. Finally, section 2222 requires the Council, of which the 
Agencies are members, to submit a report to Congress that summarizes 
any significant issues raised in the public comments and the relative 
merits of such issues. The report also must include an analysis of 
whether the Agencies are able to address the regulatory burdens 
associated with such issues by regulation or whether these burdens must 
be addressed by legislative action.
    For purposes of this review, the Agencies have grouped our 
regulations into 12 categories: Applications and Reporting; Banking 
Operations; Capital; Community Reinvestment Act; Consumer Protection; 
Directors, Officers and Employees; International Operations; Money 
Laundering; Powers and Activities; Rules of Procedure; Safety and 
Soundness; and Securities. On June 4, 2014, we published a Federal 
Register notice announcing the start of the EGRPRA review process and 
also asking for public comment on three of these categories--
Applications and Reporting; Powers and Activities; and International 
Operations regulations.\3\ In that notice we published a chart, listing 
the Agencies' regulations in the 12 categories included in the EGRPRA 
review. On February 13, 2015, we published a Federal Register notice 
asking for public comment on three additional categories--Banking 
Operations; Capital; and the Community Reinvestment Act.\4\ The comment 
period for the current Federal Register notice closes on May 14, 2015.
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    \3\ 79 FR 32172.
    \4\ 80 FR 7980.
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    Recently, the Agencies have decided to expand the scope of the 
EGRPRA review in order to be as inclusive as possible. Accordingly, the 
Agencies will take comment on all of our regulations issued in final 
form up to the date that we publish our last EGRPRA notice for public 
comment and report back to the Congress on all such regulations.

    Dated: April 8, 2015.
Thomas J. Curry,
Comptroller of the Currency.

    By order of the Board of Governors of the Federal Reserve 
System, April 7, 2015.
Robert deV. Frierson,
Secretary of the Board.

    Dated: April 6, 2015.

Federal Deposit Insurance Corporation by
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2015-08619 Filed 4-14-15; 8:45 am]
 BILLING CODE 6210-01P; 6714-01-P; 4810-33-P


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