11996 Federal Register / Vol. 87, No. 42 / Thursday, March 3, 2022 / Proposed Rules 

www.regulations.gov web page will 

require you to provide your name and 

contact information. Your contact 

information will be viewable to DOE 

Building Technologies staff only. Your 

contact information will not be publicly 

viewable except for your first and last 

names, organization name (if any), and 

submitter representative name (if any). 

If your comment is not processed 

properly because of technical 

difficulties, DOE will use this 

information to contact you. If DOE 

cannot read your comment due to 

technical difficulties and cannot contact 

you for clarification, DOE may not be 

able to consider your comment. 

However, your contact information 

will be publicly viewable if you include 

it in the comment itself or in any 

documents attached to your comment. 

Any information that you do not want 

to be publicly viewable should not be 

included in your comment, nor in any 

document attached to your comment. If 

this instruction is followed, persons 

viewing comments will see only first 

and last names, organization names, 

correspondence containing comments, 

and any documents submitted with the 

comments. 

Do not submit to 

www.regulations.gov. information for 

which disclosure is restricted by statute, 

such as trade secrets and commercial or 

financial information (hereinafter 

referred to as Confidential Business 

Information (‘‘CBI’’)). Comments 

submitted through www.regulations.gov 

cannot be claimed as CBI. Comments 

received through the website will waive 

any CBI claims for the information 

submitted. For information on 

submitting CBI, see the Confidential 

Business Information section. 

DOE processes submissions made 

through www.regulations.gov before 

posting. Normally, comments will be 

posted within a few days of being 

submitted. However, if large volumes of 

comments are being processed 

simultaneously, your comment may not 

be viewable for up to several weeks. 

Please keep the comment tracking 

number that www.regulations.gov 

provides after you have successfully 

uploaded your comment. 

Submitting comments via email. 

Comments and documents submitted 

via email also will be posted to 

www.regulations.gov. If you do not want 

your personal contact information to be 

publicly viewable, do not include it in 

your comment or any accompanying 

documents. Instead, provide your 

contact information in a cover letter. 

Include your first and last names, email 

address, telephone number, and 

optional mailing address. The cover 

letter will not be publicly viewable as 

long as it does not include any 

comments. 

Include contact information each time 

you submit comments, data, documents, 

and other information to DOE. No faxes 

will be accepted. 

Comments, data, and other 

information submitted to DOE 

electronically should be provided in 

PDF (preferred), Microsoft Word or 

Excel, or text (ASCII) file format. 

Provide documents that are not secured, 

that are written in English, and that are 

free of any defects or viruses. 

Documents should not contain special 

characters or any form of encryption 

and, if possible, they should carry the 

electronic signature of the author. 

Campaign form letters. Please submit 

campaign form letters by the originating 

organization in batches of between 50 to 

500 form letters per PDF or as one form 

letter with a list of supporters’ names 

compiled into one or more PDFs. This 

reduces comment processing and 

posting time. 

Confidential Business Information. 

Pursuant to 10 CFR 1004.11, any person 

submitting information that he or she 

believes to be confidential and exempt 

by law from public disclosure should 

submit via email two well-marked 

copies: One copy of the document 

marked ‘‘confidential’’ including all the 

information believed to be confidential, 

and one copy of the document marked 

‘‘non-confidential’’ with the information 

believed to be confidential deleted. DOE 

will make its own determination about 

the confidential status of the 

information and treat it according to its 

determination. 

It is DOE’s policy that all comments 

may be included in the public docket, 

without change and as received, 

including any personal information 

provided in the comments (except 

information deemed to be exempt from 

public disclosure). 

V. Approval of the Office of the 

Secretary 

The Secretary of Energy has approved 

publication of this notification of a 

webinar and availability of preliminary 

technical support document. 

Signing Authority 

This document of the Department of 

Energy was signed on February 25, 

2022, by Kelly J. Speakes-Backman, 

Principal Deputy Assistant Secretary for 

Energy Efficiency and Renewable 

Energy, pursuant to delegated authority 

from the Secretary of Energy. That 

document with the original signature 

and date is maintained by DOE. For 

administrative purposes only, and in 

compliance with requirements of the 

Office of the Federal Register, the 

undersigned DOE Federal Register 

Liaison Officer has been authorized to 

sign and submit the document in 

electronic format for publication, as an 

official document of the Department of 

Energy. This administrative process in 

no way alters the legal effect of this 

document upon publication in the 

Federal Register. 

Signed in Washington, DC, on February 28, 

2022. 

Treena V. Garrett, 

Federal Register Liaison Officer, U.S. 

Department of Energy. 

[FR Doc. 2022–04495 Filed 3–2–22; 8:45 am] 

BILLING CODE 6450–01–P 

NATIONAL CREDIT UNION 

ADMINISTRATION 

12 CFR Parts 700, 701, 702, 708a, 708b, 

750 and 790 

[NCUA–2022–0008] 

RIN 3133–AF41 

Asset Threshold for Determining the 

Appropriate Supervisory Office 

AGENCY: National Credit Union 

Administration (NCUA). 

ACTION: Notice of proposed rulemaking. 

SUMMARY: The NCUA Board (Board) is 

proposing to amend its regulations to 

revise the $10 billion asset threshold 

used for assigning supervision of 

consumer federally insured credit 

unions (FICUs) to the Office of National 

Examinations and Supervision (ONES). 

The proposed rule would only apply to 

FICUs whose assets are $10 billion or 

more (covered credit unions). The 

proposed rule would provide that 

covered credit unions with less than $15 

billion in total assets (tier I covered 

credit unions) not currently supervised 

by ONES will be supervised by the 

appropriate NCUA Regional Office. Tier 

I covered credit unions currently 

supervised by ONES and covered credit 

unions with $15 billion and more in 

total assets (tier II and tier III covered 

credit unions) would continue to be 

supervised by ONES. The proposed rule 

would not alter any regulatory 

requirements for covered credit unions. 

DATES: Comments must be received by 

May 2, 2022. 

ADDRESSES: You may submit written 

comments, identified by RIN 3133– 

AF41, by any of the following methods 

(please send comments by one method 

only): 

• Federal eRulemaking Portal: 

https://www.regulations.gov. The docket 


khammond on DSKJM1Z7X2PROD with PROPOSALS
Federal Register / Vol. 87, No. 42 / Thursday, March 3, 2022 / Proposed Rules 11997 

1 12 CFR 702.301. The term consumer FICU is 

being used instead of the term natural person FICU. 

This terminology is being used for clarity, however, 

the term natural person FICU will continued to be 

used for the accompanying regulatory text changes 

for consistency with other sections of the NCUA’s 

regulations. 

2 12 CFR 702.302. 

3 In general, Regional Office means the office of 

NCUA located in the designated geographical areas 

in which the office of the FICU is located. 

4See generally, 86 FR 15397 (Mar. 23, 2021). 

5 Id. 

6As discussed in the Reservation of Authority 

section, the Board has the option of using its 

existing reservation of authority in part 702 to 

transfer a tier I covered credit union to ONES 

supervision before it becomes a tier II or tier III 

covered credit union. 

7The proposed rule would also revise the 

authority citation in part 702 to cite 12 U.S.C. 

1784(a) and 1786(e), which were previously added 

but inadvertently removed from the Code of Federal 

Regulations. 

8Accordingly, if a FICU had $10 billion or more 

in total assets on or before March 31, 2020, then it 

is currently subject to ONES supervision. If a FICU 

has crossed the $10 billion threshold since March 

31, 2020, then it is not currently subject to ONES 

supervision due to the Asset Threshold IFR and, 

under this proposed rule, would not be subject to 

ONES supervision until it is a tier II covered credit 

union. 

number for this direct final rule is 

NCUA–2022–0008. Follow the 

instructions for submitting comments. 

• Fax: (703) 518–6319. Include 

‘‘[Your Name]—Comments on Asset 

Threshold for Determining the 

Appropriate Supervisory Office’’ in the 

transmittal. 

• Mail: Address to Melane ConyersAusbrooks, Secretary of the Board, 

National Credit Union Administration, 

1775 Duke Street, Alexandria, Virginia 

22314–3428. 

• Hand Delivery/Courier: Same as 

mail address. 

Public inspection: You may view all 

public comments on the Federal 

eRulemaking Portal at https://

www.regulations.gov, as submitted, 

except for those we cannot post for 

technical reasons. The NCUA will not 

edit or remove any identifying or 

contact information from the public 

comments submitted. Due to social 

distancing measures in effect, the usual 

opportunity to inspect paper copies of 

comments in the NCUA’s law library is 

not currently available. After social 

distancing measures are relaxed, visitors 

may make an appointment to review 

paper copies by calling (703) 518–6540 

or emailing OGCMail@ncua.gov. 

FOR FURTHER INFORMATION CONTACT: 

Yvonne Applonie, Director of 

Supervision, Office of National 

Examinations and Supervision; or 

Rachel Ackmann, Senior Staff Attorney, 

Office of General Counsel, 1775 Duke 

Street, Alexandria, VA 22314–3428. 

Yvonne Applonie can also be reached at 

(703) 518–6595, and Rachel Ackmann 

can be reached at (703) 548–2601. 

SUPPLEMENTARY INFORMATION: 

I. Background 

Part 702 Capital Planning and Stress 

Testing Requirements 

Part 702, subpart C, of the NCUA’s 

regulations (part 702) implements the 

NCUA’s capital planning and stress 

testing requirements for consumer 

FICUs.1 As discussed above, a consumer 

FICU is defined as a covered credit 

union, and subject to capital planning 

and stress testing requirements, if it has 

$10 billion or more in total assets.2

Covered credit unions are then further 

divided into three tiers, and varying 

levels of regulatory requirements are 

imposed based on those asset tiers. For 

example, tier I credit unions are not 

subject to stress testing requirements, 

however tier II and tier III credit unions 

are subject to stress testing 

requirements. Under part 702: 

• A tier I credit union is a covered 

credit union that has less than $15 

billion in total assets; 

• A tier II credit union is a covered 

credit union that has $15 billion or more 

in total assets, but less than $20 billion 

in total assets, or is otherwise 

designated as a tier II credit union by 

the NCUA; and 

• A tier III credit union is a covered 

credit union that has $20 billion or more 

in total assets, or is otherwise 

designated as a tier III credit union by 

the NCUA. 

Agency Structure 

In 2012, the NCUA established a new 

office, the Office of National 

Examinations and Supervision (ONES), 

and reorganized its central and field 

office structure. As part of its internal 

restructuring, the NCUA transferred the 

responsibility for supervising covered 

credit unions to ONES from the 

Regional Offices.3 Initially, covered 

credit unions were transferred to ONES 

on January 1, 2014. Annually thereafter 

FICUs newly reporting assets of $10 

billion or more on March 31 of a given 

calendar year are reassigned to ONES on 

the first day of the following calendar 

year. 

COVID–19 Pandemic 

Many FICUs have experienced 

significant balance sheet growth as a 

result of the COVID–19 Pandemic and 

the corresponding policy response.4 For 

example, FICUs with just below $10 

billion in total assets incurred balance 

sheet growth of about 14 percent on 

average during the COVID–19 

Pandemic, and in one case more than 34 

percent. In contrast, FICUs with assets 

just below the $10 billion threshold had 

an average asset growth of only 9 

percent in 2019. 

In March 2021, the Board provided 

regulatory relief to FICUs meeting 

certain asset thresholds through an 

interim final rule (Asset Threshold 

IFR).5 The Asset Threshold IFR 

permitted FICUs to continue to use 

financial data as of March 31, 2020, to 

determine the applicability of certain 

regulations for calendar years 2021 and 

2022, instead of assets reported as of 

March 31, 2021. The Asset Threshold 

IFR also made a conforming amendment 

to the measurement date for 

determining ONES supervision. Under 

the Asset Threshold IFR, the NCUA 

used financial data as of March 31, 

2020, instead of March 31, 2021, to 

determine the appropriate supervisory 

office of FICUs for calendar year 2022. 

As a result, no FICU was transitioned to 

ONES supervision for calendar year 

2022, even if the FICU had $10 billion 

or more in total assets as of March 31, 

2021. 

The next effective measurement 

period to determine whether a FICU is 

subject to capital planning and stress 

testing requirements and ONES 

supervision is March 31, 2022. Unless 

the threshold is changed, the Board 

anticipates at least nine new FICUs will 

meet or exceed the $10 billion threshold 

as of March 31, 2022, and would 

become subject to ONES supervision 

beginning January 1, 2023. 

II. The Proposed Rule 

The Board has reconsidered its policy 

of assigning all covered credit unions to 

ONES supervision. Under the proposed 

rule, tier II and tier III covered credit 

unions would remain subject to ONES 

supervision. The Board, however, 

would not assign tier I covered credit 

unions to ONES supervision.6 Tier I 

covered credit unions would generally 

remain subject to Regional Office 

supervision until they become tier II 

covered credit unions.7

Tier I covered credit unions that are 

currently supervised by ONES, 

however, would be grandfathered under 

the proposed rule and remain subject to 

ONES supervision.8 The proposed rule 

would grandfather tier I covered credit 

unions currently subject to ONES 

supervision to provide continuity for 

institutions that are already accustomed 

to ONES supervision. The Board 

believes that most grandfathered tier I 

covered credit unions would likely 

become tier II credit unions, and subject 

to ONES supervision, due to organic 


khammond on DSKJM1Z7X2PROD with PROPOSALS
11998 Federal Register / Vol. 87, No. 42 / Thursday, March 3, 2022 / Proposed Rules 

9 12 CFR 702.302. 

10Tier I covered credit unions’ capital plans 

would be subject to Regional Office review 

(provided the tier I covered credit union is not 

grandfathered under ONES supervision). 

11 12 CFR 702.306(d). 

12 12 CFR 702.301. 

13 12 U.S.C. 1751 et seq. 

14 12 U.S.C. 1766(a). 

15 12 U.S.C. 1789. 

growth within a short timeframe. Given 

these covered credit unions would once 

again be subject to ONES supervision as 

tier II credit unions within a short 

timeframe, the Board believes 

transitioning the grandfathered credit 

unions to Regional Office supervision is 

unnecessary. The Board, however, 

invites comments on whether 

grandfathered credit unions should be 

subject to Regional Office supervision 

until they become tier II covered credit 

unions. 

The Board has reconsidered its 

position that all covered credit unions 

should transition to ONES for two 

reasons. First, the agency can more 

effectively manage its resources by 

continuing to supervise most tier I 

covered credit unions through the 

Regional Offices. Without delaying the 

transition of tier I covered credit unions 

to ONES supervision, the number of 

covered credit unions supervised by 

ONES would approximately double in 

calendar year 2023, which would 

require a substantial reallocation of 

agency resources. 

Second, the Board has reconsidered 

the level of risk to the National Credit 

Union Share Insurance Fund (NCUSIF) 

posed by tier I covered credit unions. 

Applying a historical loss factor of 30 

percent on a FICU failure to the 

NCUSIF’s equity suggests that a $15 

billion credit union presents the same 

relative risk at the end of 2020 as an 

approximately $10 billion FICU did at 

the beginning of 2013 when covered 

credit unions were first transitioned to 

ONES supervision. 

The Board also does not believe that 

altering tier I covered credit unions’ 

transition to ONES supervision results 

in undue risk to the NCUSIF. Regulatory 

requirements for covered credit unions 

are not affected by the proposed rule. 

For example, capital planning and stress 

testing requirements are initially 

triggered at $10 billion in assets.9 These 

requirements will remain in effect for all 

covered credit unions regardless of a 

covered credit union’s supervisory 

office.10

Additionally, the NCUA has 

implemented various supervisory tools 

which enhance offsite monitoring of 

covered credit union risk. Under the 

proposed rule, these tools would remain 

in use for the supervision of covered tier 

I credit unions regardless of their 

supervisory office. Specifically, all 

covered credit unions would continue 

to be required to submit data to the 

NCUA under the capital planning and 

stress test rule.11 Data collection is part 

of the NCUA’s strategic initiative to 

enhance supervision and is used to 

inform qualitative and quantitative 

assessments and ratings of covered 

credit unions. Further, this data 

provides insight for offsite supervision 

and enable timely risk identification 

and mitigation. The NCUA shares the 

results of this information collection 

and collaborates with applicable state 

supervisory authorities on joint 

supervisory efforts. 

Finally, as discussed above, ONES 

was formed, in part, to provide 

enhanced supervision of FICUs 

systemically important to the NCUSIF. 

And while regulatory requirements 

remain the same for tier I covered credit 

unions under the proposed rule, certain 

aspects of ONES enhanced supervision 

may vary for covered credit unions 

supervised by Regional Offices. The 

Board believes this difference, along 

with other more technical procedures 

unique to ONES supervision, is not 

necessary to adequately supervise tier I 

covered credit unions given the 

mitigating factors discussed above. 

Therefore, the Board does not believe 

that altering tier I covered credit unions’ 

transition to ONES supervision results 

in undue risk to the NCUSIF. 

Reservation of Authority 

The proposed change to the threshold 

for FICUs being supervised by ONES 

would generally apply to new tier I 

covered credit unions. However, there 

may be rare instances that warrant a 

FICU with assets between $10 billion 

and $15 billion to be assigned to ONES. 

To address such situations, the Board 

may use existing reservations of 

authority in part 702 to transfer a tier I 

covered credit union to ONES 

supervision before it becomes a tier II or 

tier III covered credit union.12 When 

making any such determination, the 

Board would consider all relevant 

factors affecting the covered credit 

union’s safety and soundness, such as 

its activities, business model, riskmanagement practices, and the types of 

assets held. Any exercise of authority 

under this section by the NCUA would 

be in writing and would consider the 

financial condition, size, complexity, 

risk profile, scope of operations, and 

level of net worth of the covered credit 

union, in addition to any other relevant 

factors. The Board solicits comments on 

its proposed use of the reservation of 

authority to transfer a tier I covered 

credit to ONES supervision. 

III. Legal Authority 

The Board is issuing this proposed 

rule pursuant to its authority under the 

Federal Credit Union Act (FCU Act).13

Under the FCU Act, the NCUA is the 

chartering and supervisory authority for 

federal credit unions (FCUs) and the 

federal supervisory authority for FICUs. 

The FCU Act grants the NCUA a broad 

mandate to issue regulations governing 

both FCUs and FICUs. Section 120 of 

the FCU Act is a general grant of 

regulatory authority and authorizes the 

Board to prescribe regulations for the 

administration of the FCU Act.14

Section 209 of the FCU Act is a plenary 

grant of regulatory authority to the 

NCUA to issue regulations necessary or 

appropriate to carry out its role as share 

insurer for all FICUs.15 Accordingly, the 

FCU Act grants the Board broad 

rulemaking authority to ensure that the 

credit union industry and the NCUSIF 

remain safe and sound. 

IV. Request for Comments 

The Board seeks comment on all 

aspects of this proposed rule. In 

particular, the Board seeks comment on 

the advantages and disadvantages of 

adjusting the threshold for determining 

which credit unions are supervised by 

ONES. Should the Board consider other 

amendments to its supervisory process 

for covered credit unions? Is the 

definition of ONES credit union 

sufficiently clear? Should the definition 

state explicitly that it does not include 

tier I covered credit unions that are not 

grandfathered? 

V. Regulatory Procedures 

Paperwork Reduction Act 

The Paperwork Reduction Act of 1995 

(PRA) applies to rulemakings in which 

an agency by rule creates a new 

paperwork burden on regulated entities 

or modifies an existing burden (44 

U.S.C. 3507(d)). For purposes of the 

PRA, a paperwork burden may take the 

form of a reporting, recordkeeping, or a 

third-party disclosure requirement, 

referred to as an information collection. 

The proposed rule will not affect any 

existing or impose any new information 

collection requirements. 

The information collection 

requirement under Office of 

Management and Budget (OMB) No. 

3133–0199, Capital Planning and Stress 

Testing, that tier I covered credit unions 

retain a record of their annual capital 


khammond on DSKJM1Z7X2PROD with PROPOSALS
Federal Register / Vol. 87, No. 42 / Thursday, March 3, 2022 / Proposed Rules 11999 

16NCUA Interpretive Ruling and Policy 

Statement 15–1, 80 FR 57512 (Sept. 24, 2015). 17Public Law 105–277, 112 Stat. 2681 (1998). 

plan will remain in effect regardless of 

a covered credit union’s supervisory 

office. 

Regulatory Flexibility Act 

The Regulatory Flexibility Act (RFA) 

generally requires that when an agency 

issues a proposed rule or a final rule 

pursuant to the Administrative 

Procedure Act or another law, the 

agency must prepare a regulatory 

flexibility analysis that meets the 

requirements of the RFA and publish 

such analysis in the Federal Register. 

Specifically, the RFA normally requires 

agencies to describe the impact of a 

rulemaking on small entities by 

providing a regulatory impact analysis. 

For purposes of the RFA, the Board 

considers credit unions with assets less 

than $100 million to be small entities.16

A regulatory flexibility analysis is not 

required, however, if the agency 

certifies that the rule will not have a 

significant economic impact on a 

substantial number of small entities and 

publishes its certification and a short, 

explanatory statement in the Federal 

Register together with the rule. The 

proposed rule affects the supervisory 

office assigned to oversee large FICUs 

with $10 billion or more in total assets. 

Therefore, the Board certifies that it 

would not have a significant economic 

impact on a substantial number of small 

credit unions. 

Executive Order 13132 

Executive Order 13132 encourages 

independent regulatory agencies to 

consider the impact of their actions on 

state and local interests. The NCUA, an 

independent regulatory agency as 

defined in 44 U.S.C. 3502(5), voluntarily 

complies with the executive order to 

adhere to fundamental federalism 

principles. 

This proposed rule would not have 

substantial direct effects on the states, 

on the relationship between the 

National Government and the states, or 

on the distribution of power and 

responsibilities among the various 

levels of government. The NCUA has 

therefore determined that this rule does 

not constitute a policy that has 

federalism implications for purposes of 

the executive order. 

Assessment of Federal Regulations and 

Policies on Families 

The NCUA has determined that this 

proposed rule would not affect family 

well-being within the meaning of 

section 654 of the Treasury and General 

Government Appropriations Act, 

1999.17

List of Subjects 

12 CFR Part 700 

Credit unions. 

12 CFR Part 701 

Credit, Credit unions, Reporting and 

recordkeeping requirements. 

12 CFR Part 702 

Credit unions, Reporting and 

recordkeeping requirements. 

12 CFR Part 708a 

Credit unions, Reporting and 

recordkeeping requirements. 

12 CFR Part 708b 

Bank deposit insurance, Credit 

unions, Reporting and recordkeeping 

requirements. 

12 CFR Part 750 

Credit unions, Golden parachute 

payments, Indemnity payments. 

12 CFR Part 790 

Organization and functions 

(Government agencies). 

By the NCUA Board on February 17, 2022. 

Melane Conyers-Ausbrooks, 

Secretary of the Board. 

For the reasons discussed in the 

preamble, the Board proposes to amend 

12 CFR parts 700, 701, 702, 708a, 708b, 

750, and 790 as follows: 

PART 700—DEFINITIONS 

■ 1. The authority citation for part 700 

continues to read as follows: 

Authority: 12 U.S.C. 1752, 1757(6), 1766. 

■ 2. In § 700.2, revise the definitions of 

‘‘Regional Director’’ and ‘‘Regional 

Office’’ to read as follows: 

§ 700.2 Definitions. 

* * * * * 

Regional Director means the 

representative of NCUA in the 

designated geographical area in which 

the office of the federally insured credit 

union is located or, for ONES credit 

unions under part 702 of this chapter, 

the Director of the Office of National 

Examinations and Supervision. 

Regional Office means the office of 

NCUA located in the designated 

geographical areas in which the office of 

the federally insured credit union is 

located or, for ONES credit unions 

under part 702 of this chapter, the 

Office of National Examinations and 

Supervision. 

* * * * * 

PART 701—ORGANIZATION AND 

OPERATION OF FEDERAL CREDIT 

UNIONS 

■ 3. The authority citation for part 701 

continues to read as follows: 

Authority: 12 U.S.C. 1752(5), 1755, 1756, 

1757, 1758, 1759, 1761a, 1761b, 1766, 1767, 

1782, 1784, 1785, 1786, 1787, 1788, 1789. 

Section 701.6 is also authorized by 15 U.S.C. 

3717. Section 701.31 is also authorized by 15 

U.S.C. 1601 et seq.; 42 U.S.C. 1981 and 3601– 

3610. Section 701.35 is also authorized by 42 

U.S.C. 4311–4312. 

■ 4. In § 701.14, revise paragraph 

(c)(3)(i) to read as follows: 

§ 701.14 Change in official or senior 

executive officer in credit unions that are 

newly chartered or are in troubled 

condition. 

* * * * * 

(c) * * * 

(3) * * * 

(i) Where to file. Notices will be filed 

with the appropriate Regional Director 

or, in the case of a corporate credit 

union or a ONES credit union under 

part 702 of this chapter, with the 

Director of the Office of National 

Examinations and Supervision. All 

references to Regional Director will, for 

corporate credit unions and ONES 

credit unions under part 702 of this 

chapter, mean the Director of Office of 

National Examinations and Supervision. 

State-chartered federally insured credit 

unions will also file a copy of the notice 

with their state supervisor. 

* * * * * 

PART 702—CAPITAL ADEQUACY 

■ 5. The authority citation for part 702 

is revised to read as follows: 

Authority: 12 U.S.C. 1766(a), 1784(a), 

1786(e), 1790d. 

■ 6. In § 702.302, add a definition of 

‘‘ONES credit union,’’ in alphabetical 

order, to read as follows: 

§ 702.302 Definitions. 

* * * * * 

ONES credit union means a credit 

union subject to supervision by the 

Office of National Examinations and 

Supervision and includes tier I covered 

credit unions that had $10 billion or 

more in total assets as of March 31, 

2020, and tier II and tier III covered 

credit unions. 

* * * * * 

PART 708a—BANK CONVERSIONS 

AND MERGERS 

■ 7. The authority citation for part 708a 

continues to read as follows: 

Authority: 12 U.S.C. 1766, 1785(b), and 

1785(c). 


khammond on DSKJM1Z7X2PROD with PROPOSALS
12000 Federal Register / Vol. 87, No. 42 / Thursday, March 3, 2022 / Proposed Rules 

■ 8. In § 708a.101, revise the second 

sentence of the definition of ‘‘Regional 

Director’’ to read as follows: 

§ 708a.101 Definitions. 

* * * * * 

Regional Director * * * For corporate 

credit unions and natural person credit 

unions defined as ONES credit unions 

under part 702 of this chapter, Regional 

Director means the Director of NCUA’s 

Office of National Examinations and 

Supervision. 

* * * * * 

■ 9. In § 708a.301, revise the second 

sentence of the definition of ‘‘Regional 

Director’’ to read as follows: 

§ 708a.301 Definitions. 

* * * * * 

Regional Director * * * For corporate 

credit unions and natural person credit 

unions defined as ONES credit unions 

under part 702 of this chapter, Regional 

Director means the Director of NCUA’s 

Office of National Examinations and 

Supervision. 

* * * * * 

PART 708b—MERGERS OF INSURED 

CREDIT UNIONS INTO OTHER CREDIT 

UNIONS; VOLUNTARY TERMINATION 

OR CONVERSION OF INSURED 

STATUS 

■ 10. The authority citation for part 

708b continues to read as follows: 

Authority: 12 U.S.C. 1752(7), 1766, 1785, 

1786, 1789. 

■ 11. In § 708b.2, revise the second 

sentence of the definition of ‘‘Regional 

Director’’ to read as follows: 

§ 708b.2 Definitions. 

* * * * * 

Regional Director * * * For corporate 

credit unions and natural person credit 

unions defined as ONES credit unions 

under part 702 of this chapter, Regional 

Director means the Director of NCUA’s 

Office of National Examinations and 

Supervision. 

* * * * * 

PART 750—GOLDEN PARACHUTE 

AND INDEMNIFICATION PAYMENTS 

■ 10. The authority citation for part 750 

continues to read as follows: 

Authority: 12 U.S.C. 1786(t). 

■ 11. In § 750.6, revise the third 

sentence of paragraph (a) to read as 

follows: 

§ 750.6 Filing instructions; appeal. 

(a) * * * In the case of a Federal or 

state-chartered corporate credit union or 

ONES credit union under part 702 of 

this chapter, such written requests must 

be submitted to the Director of the 

Office of National Examinations and 

Supervision. * * * 

* * * * * 

PART 790—DESCRIPTION OF NCUA; 

REQUESTS FOR AGENCY ACTION 

■ 12. The authority citation for part 790 

continues to read as follows: 

Authority: 12 U.S.C. 1766, 1789, 1795f. 

■ 13. In § 790.2, revise the first sentence 

of paragraph (c)(2) to read as follows: 

§ 790.2 Central and field office 

organization. 

* * * * * 

(c) * * * 

(2) * * * Similar to a Regional 

Director, the Director of the Office of 

National Examinations and Supervision 

manages NCUA’s supervisory program 

over credit unions; however, it oversees 

the activities for corporate credit unions 

and of natural person credit unions 

defined as ONES credit unions under 

part 702 of this chapter, in accordance 

with established policies. * * * 

[FR Doc. 2022–03846 Filed 3–2–22; 8:45 am] 

BILLING CODE 7535–01–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 71 

[Docket No. FAA–2022–0164; Airspace 

Docket No. 22–ACE–8] 

RIN 2120–AA66 

Proposed Amendment of Class E 

Airspace; Jefferson, IA 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Notice of proposed rulemaking 

(NPRM). 

SUMMARY: This action proposes to 

amend the Class E airspace at Jefferson, 

IA. The FAA is proposing this action as 

the result of an airspace review as part 

of the decommissioning of the Jefferson 

non-directional beacon (NDB). The 

geographic coordinates of the airport 

would also be updated to coincide with 

the FAA’s aeronautical database. 

DATES: Comments must be received on 

or before April 18, 2022. 

ADDRESSES: Send comments on this 

proposal to the U.S. Department of 

Transportation, Docket Operations, 

West Building Ground Floor, Room 

W12–140, 1200 New Jersey Avenue SE, 

Washington, DC 20590; telephone (202) 

366–9826, or (800) 647–5527. You must 

identify FAA Docket No. FAA–2022– 

0164/Airspace Docket No. 22–ACE–8 at 

the beginning of your comments. You 

may also submit comments through the 

internet at https://www.regulations.gov. 

You may review the public docket 

containing the proposal, any comments 

received, and any final disposition in 

person in the Dockets Office between 

9:00 a.m. and 5:00 p.m., Monday 

through Friday, except federal holidays. 

FAA Order JO 7400.11F, Airspace 

Designations and Reporting Points, and 

subsequent amendments can be viewed 

online at https://www.faa.gov/air_

traffic/publications/. For further 

information, you can contact the 

Airspace Policy Group, Federal Aviation 

Administration, 800 Independence 

Avenue SW, Washington, DC 20591; 

telephone: (202) 267–8783. FAA Order 

JO 7400.11F is also available for 

inspection at the National Archives and 

Records Administration (NARA). For 

information on the availability of FAA 

Order JO 7400.11F at NARA, email: 

fr.inspection@nara.gov or go to https:// 

www.archives.gov/federal-register/cfr/ 

ibr-locations.html. 

FOR FURTHER INFORMATION CONTACT: 

Jeffrey Claypool, Federal Aviation 

Administration, Operations Support 

Group, Central Service Center, 10101 

Hillwood Parkway, Fort Worth, TX 

76177; telephone (817) 222–5711. 

SUPPLEMENTARY INFORMATION: 

Authority for This Rulemaking 

The FAA’s authority to issue rules 

regarding aviation safety is found in 

Title 49 of the United States Code. 

Subtitle I, Section 106 describes the 

authority of the FAA Administrator. 

Subtitle VII, Aviation Programs, 

describes in more detail the scope of the 

agency’s authority. This rulemaking is 

promulgated under the authority 

described in Subtitle VII, Part A, 

Subpart I, Section 40103. Under that 

section, the FAA is charged with 

prescribing regulations to assign the use 

of airspace necessary to ensure the 

safety of aircraft and the efficient use of 

airspace. This regulation is within the 

scope of that authority as it would 

amend the Class E airspace extending 

upward from 700 feet above the surface 

at Jefferson Municipal Airport, Jefferson, 

IA, to support instrument flight rule 

operations at this airport. 

Comments Invited 

Interested parties are invited to 

participate in this proposed rulemaking 

by submitting such written data, views, 

or arguments, as they may desire. 

Comments that provide the factual basis 

supporting the views and suggestions 

presented are particularly helpful in 


khammond on DSKJM1Z7X2PROD with PROPOSALS