Federal Register / Vol. 78, No. 214 / Tuesday, November 5, 2013 / Rules and Regulations 66251 

1As described in the Final Rule, the term 

‘‘covered third party fees’’ includes all fees charged 

by persons other than the provider except for fees 

imposed by the designated recipient’s institution 

for receiving a remittance transfer into an account 

unless the institution acts as an agent of the 

remittance transfer provider. 12 CFR 1005.30(h)(1). 

2See generally 12 CFR 1005.32 for the Final 

Rule’s provisions on providing estimates for 

required disclosures. 

3Working to Help Industry Understand and 

Comply with the New Remittance Rule: Countries 

List and Webinar, available at: http://

www.consumerfinance.gov/blog/working-to-helpindustry-understand-and-comply-with-the-newremittance-rule-countries-list-and-webinar/ (last 

visited October 22, 2013). 

Reservable liability Reserve requirement 

NET TRANSACTION ACCOUNTS: 

$0 to reserve requirement exemption amount ($13.3 million) .......................................................... 0 percent of amount. 

Over reserve requirement exemption amount ($13.3 million) and up to low reserve tranche 

($89.0 million).

3 percent of amount. 

Over low reserve tranche ($89.0 million) .......................................................................................... $2,271,000 plus 10 percent of amount 

over $89.0 million. 

Nonpersonal time deposits ............................................................................................................... 0 percent. 

Eurocurrency liabilities ...................................................................................................................... 0 percent. 

By order of the Board of Governors of the 

Federal Reserve System, under delegated 

authority, October 30, 2013. 

Robert deV. Frierson, 

Secretary of the Board. 

[FR Doc. 2013–26404 Filed 11–4–13; 8:45 am] 

BILLING CODE 6210–01–P 

BUREAU OF CONSUMER FINANCIAL 

PROTECTION 

12 CFR Part 1005 

[Docket No. CFPB–2013–0032] 

RIN 3170–AA33 

Electronic Fund Transfers 

(Regulation E) 

AGENCY: Bureau of Consumer Financial 

Protection. 

ACTION: Notice of publication of 

remittance rule safe harbor list. 

SUMMARY: On September 26, 2012, the 

Bureau of Consumer Financial 

Protection (Bureau) issued a safe harbor 

list of countries that qualify for an 

exception in subpart B of Regulation E, 

which implements the Electronic Fund 

Transfer Act, and published this list on 

its Web site. The Bureau is now 

publishing the current list, which is 

unchanged from the prior release, in the 

Federal Register. The Bureau recognizes 

that the list may change, and it intends 

to revise the list periodically. 

DATES: This list is effective on October 

28, 2013. The Bureau will next consider 

suggestions and input on additions or 

deletions made on or before March 17th, 

2014. However, to facilitate compliance, 

the Bureau will not remove a country 

from the list before July 1st, 2014. 

ADDRESSES: The Bureau welcomes your 

input related to whether it has included 

the appropriate countries and areas on 

the list. To provide input, please send 

your feedback and any supporting 

materials (in English) to: 

—CFPB_CountriesList@cfpb.gov or 

—Office of the Executive Secretary, 

Bureau of Consumer Financial 

Protection, 1700 G Street NW., 

Washington, DC 20552. 

In general, all comments received will 

be posted without change to 

regulations.gov, including any personal 

information provided. Sensitive 

personal information, such as account 

numbers or social security numbers, 

should not be included. 

FOR FURTHER INFORMATION CONTACT: Eric 

Goldberg or Lauren Weldon, Counsels, 

Division of Research, Markets, and 

Regulations, Bureau of Consumer 

Financial Protection, 1700 G Street NW., 

Washington, DC 20552, at (202) 435– 

7700 or at CFPB_RemittanceRule@

cfpb.gov. The Bureau also allows 

interested parties to sign up to receive 

an alert by email any time the list 

changes. To receive an alert when the 

Bureau releases a revised countries list, 

please sign up for email updates on the 

Bureau’s Web site at http://

www.consumerfinance.gov/remittancestransfer-rule-amendment-toregulation-e/. 

SUPPLEMENTARY INFORMATION: The 

Bureau published its remittance rule on 

February 7, 2012 (77 FR 6194) 

implementing section 1073 of the DoddFrank Wall Street Reform and Consumer 

Protection Act. The remittance rule, 

which includes several additional 

revisions and amendments published in 

the Federal Register on July 10, 2012 

(77 FR 40459), August 20, 2012 (77 FR 

50244), May 22, 2013 (78 FR 30662), 

and August 14, 2013 (78 FR 49365) 

(collectively the Final Rule), takes effect 

on October 28, 2013. Pursuant to the 

Final Rule, the Bureau determined it 

would publish a safe harbor list of 

countries that qualify for an exception 

in the rule. 

That exception permits estimates of 

certain disclosures in lieu of exact 

amounts, unless the provider has 

information that a country’s laws, or the 

method by which transactions are 

conducted in that country, permits a 

determination of the exact disclosure 

amount. The Final Rule, which goes 

into effect on October 28, 2013, 

generally requires remittance transfer 

providers to give consumers sending 

remittance transfers certain specified 

disclosures. Among other requirements, 

a provider generally must disclose the 

applicable exchange rate, any fees 

imposed and taxes collected by the 

provider, and covered third-party fees.1

In particular circumstances, the Final 

Rule permits providers to estimate 

certain amounts that the rule requires 

them to disclose. 

As it relates to this notice, a 

permanent exception in the Final Rule 

permits estimates of certain disclosures 

when, among other circumstances, a 

remittance transfer provider cannot 

determine the exact amounts it must 

disclose at the time the disclosures are 

required because the laws of the 

recipient country do not permit such 

determinations. See 12 CFR 

1005.32(b)(1)(i)(A).2 The Bureau stated 

in the Federal Register notice published 

on February 7, 2012 (77 FR 6194) that 

it would provide a list of countries that 

qualify for this permanent exception to 

facilitate providers’ compliance with the 

rule. The Bureau issued this list on its 

Web site on September 26, 2012.3

The Bureau is now publishing the list 

in the Federal Register. The list is 

unchanged from the list first released in 

September 2012. 

The current list of countries and other 

areas contains: Aruba, Brazil, China, 

Ethiopia and Libya. This list is current 

as of the date of its publication in the 

Federal Register. 

As noted in the Final Rule, the list 

contains countries and other areas 

whose laws the Bureau believes, based 

on its interpretation of the permanent 

exception and relevant countries’ laws, 


wreier-aviles on DSK5TPTVN1PROD with RULES
66252 Federal Register / Vol. 78, No. 214 / Tuesday, November 5, 2013 / Rules and Regulations 

prevent providers from determining, at 

the time the required disclosures must 

be provided, the exact exchange rate on 

the date of availability for a transfer 

involving a currency exchange. 

The Final Rule explains that a 

remittance transfer provider may rely on 

this list, unless the provider has 

information that a country’s laws or the 

method by which transactions are 

conducted in that country permits a 

determination of the exact disclosure 

amount. See 12 CFR 1005.32(b)(1)(ii) 

and comment 32(b)(1)–2 (containing 

examples of when this exception does 

and does not apply). For example, for 

transfers to Aruba and Brazil, the 

Bureau believes that a remittance 

transfer provider can only rely on the 

list when the sender funds a transfer in 

a currency other than the local currency 

(i.e., not the Aruban florin and the 

Brazilian real, respectively), and the 

transfer is exchanged into the local 

currency in the foreign country as 

opposed to being exchanged in the 

United States. The Bureau believes that 

exception is limited to such scenarios 

because under Brazil’s and Aruba’s laws 

the exchange rate is set when a transfer 

is picked up only where the transfer is 

funded in a foreign currency and is then 

exchanged into the local currency in 

Brazil or Aruba, respectively. In 

addition to the Bureau’s list, the Final 

Rule permits providers to make their 

own determinations that the laws of 

other recipient countries or the method 

of sending transfers to recipient 

countries, which are not on the list, do 

not permit a determination of exact 

amounts. See 12 CFR 1005.32(b)(1)(i). 

This list is subject to change. As 

applicable, the Bureau will publish 

revisions to the list on its Web site and 

in the Federal Register. To facilitate 

compliance when the Final Rule goes 

into effect, the Bureau will not remove 

any countries on this version of the list 

before July 1, 2014. Furthermore, if the 

Bureau believes that it may be 

appropriate to remove a country or area 

from the list, the Bureau will provide 

90-days advance notice. 

The Bureau will next review the list 

in spring 2014. To have your 

suggestions or input considered for the 

Bureau’s next review, please send your 

feedback on whether the Bureau should 

make changes to the list and any 

supporting materials (in English) on or 

before March 17, 2014 to: 

—CFPB_CountriesList@CFPB.gov or 

—Office of the Executive Secretary, 

Bureau of Consumer Financial 

Protection, 1700 G Street NW., 

Washington, DC 20552. 

To receive an alert when the Bureau 

releases a revised countries list, please 

sign up for email updates at http://

www.consumerfinance.gov/remittancestransfer-rule-amendment-toregulation-e/. 

Dated: October 24, 2013. 

Christopher D’Angelo, 

Chief of Staff, Bureau of Consumer Financial 

Protection. 

[FR Doc. 2013–25754 Filed 11–4–13; 8:45 am] 

BILLING CODE 4810–AM–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 39 

[Docket No. FAA–2013–0488; Directorate 

Identifier 2008–SW–002–AD; Amendment 

39–17619; AD 2013–20–13] 

RIN 2120–AA64 

Airworthiness Directives; Bell 

Helicopter Textron Canada Limited 

(Bell) Helicopters 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Final rule. 

SUMMARY: We are adopting a new 

airworthiness directive (AD) for certain 

Bell Model 206B and 206L helicopters. 

This AD requires installing a placard 

beneath the engine power dual 

tachometer and revising the operating 

limitations section of the rotorcraft 

flight manual (RFM). This AD was 

prompted by several incidents of third 

stage engine turbine wheel failures, 

which were caused by excessive 

vibrations at certain engine speeds 

during steady-state operations. These 

actions are intended to alert pilots to 

avoid certain engine speeds during 

steady-state operations, prevent failure 

of the third stage engine turbine, engine 

power loss, and subsequent loss of 

control of the helicopter. 

DATES: This AD is effective December 

10, 2013. 

The Director of the Federal Register 

approved the incorporation by reference 

of a certain document listed in this AD 

as of December 10, 2013. 

ADDRESSES: For service information 

identified in this AD, contact Bell 

Helicopter Textron Canada Limited, 

12,800 Rue de l’Avenir, Mirabel, Quebec 

J7J1R4; telephone (450) 437–2862 or 

(800) 363–8023; fax (450) 433–0272; or 

at http://www.bellcustomer.com/files/. 

You may review the referenced service 

information at the FAA, Office of the 

Regional Counsel, Southwest Region, 

2601 Meacham Blvd., Room 663, Fort 

Worth, Texas 76137. 

Examining the AD Docket 

You may examine the AD docket on 

the Internet at http://

www.regulations.gov or in person at the 

Docket Operations Office between 9 

a.m. and 5 p.m., Monday through 

Friday, except Federal holidays. The AD 

docket contains this AD, the foreign 

authority’s AD, any incorporated-byreference service information, the 

economic evaluation, any comments 

received, and other information. The 

street address for the Docket Operations 

Office (phone: 800–647–5527) is U.S. 

Department of Transportation, Docket 

Operations Office, M–30, West Building 

Ground Floor, Room W12–140, 1200 

New Jersey Avenue SE., Washington, 

DC 20590. 

FOR FURTHER INFORMATION CONTACT: 

Chinh Vuong, Aviation Safety Engineer, 

Safety Management Group, Rotorcraft 

Directorate, FAA, 2601 Meacham Blvd., 

Fort Worth, Texas 76137; telephone 

(817) 222–5110; email chinh.vuong@

faa.gov. 

SUPPLEMENTARY INFORMATION: 

Discussion 

On June 7, 2013, at 78 FR 34280, the 

Federal Register published our notice of 

proposed rulemaking (NPRM), which 

proposed to amend 14 CFR part 39 by 

adding an AD that would apply to Bell 

Model 206B helicopters, serial number 

(S/N) 004 through 4675, including 

helicopters converted from Model 206A 

and Model 206L helicopters, S/N 45001 

through 45153, and 46601 through 

46617. The NPRM proposed to require 

installing a placard on the instrument 

panel below the NR/N2 dual tachometer 

and revising the Operating Limitations 

section of the Model 206B RFM and 

206L RFM to limit steady-state 

operation between speeds of 75% and 

88%. The proposed requirements were 

intended to alert pilots to avoid certain 

engine speeds during steady-state 

operations, prevent failure of the third 

stage engine turbine, engine power loss, 

and subsequent loss of control of the 

helicopter. 

The NPRM was prompted by AD No. 

CF–2007–13R2, dated November 10, 

2009, issued by Transport Canada Civil 

Aviation (TCCA), which is the aviation 

authority for Canada. TCCA issued AD 

No. CF–2007–13R2 to correct an unsafe 

condition for certain Model 206B 

(including those converted from Model 

206A) and 206L helicopters. TCCA 

advises of several failures of third stage 

turbine wheels used in Rolls Royce 250– 

C20. According to TCCA, Rolls Royce 


wreier-aviles on DSK5TPTVN1PROD with RULES