This section of the FEDERAL REGISTER

contains notices to the public of the proposed

issuance of rules and regulations. The

purpose of these notices is to give interested

persons an opportunity to participate in the

rule making prior to the adoption of the final

rules.

Proposed Rules Federal Register

99751 

Vol. 89, No. 238 

Wednesday, December 11, 2024 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

12 CFR Chapter I 

[Docket ID OCC–2023–0016] 

FEDERAL RESERVE SYSTEM 

12 CFR Chapter II 

[Docket No. OP–1828] 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

12 CFR Chapter III 

RIN 3064–ZA39 

Regulatory Publication and Review 

Under the Economic Growth and 

Regulatory Paperwork Reduction Act 

of 1996 

AGENCY: Office of the Comptroller of the 

Currency (OCC), Treasury; Board of 

Governors of the Federal Reserve 

System (Board); Federal Deposit 

Insurance Corporation (FDIC). 

ACTION: Regulatory review; request for 

comments. 

SUMMARY: Pursuant to the Economic 

Growth and Regulatory Paperwork 

Reduction Act of 1996 (EGRPRA), the 

OCC, Board, and FDIC (collectively, the 

agencies) are reviewing agency 

regulations to identify outdated or 

otherwise unnecessary regulatory 

requirements on insured depository 

institutions and their holding 

companies. Over approximately two 

years, the agencies will publish four 

Federal Register documents requesting 

comment on multiple categories of 

regulations. This third Federal Register 

document requests comment on 

regulations in the categories of Rules of 

Procedure; Safety and Soundness; and 

Securities. 

DATES: Written comments must be 

received no later than March 11, 2025. 

ADDRESSES: Comments should be 

directed to: 

OCC: Commenters are encouraged to 

submit comments through the Federal 

eRulemaking Portal. Please use the title 

‘‘Regulatory Publication and Review 

Under the Economic Growth and 

Regulatory Paperwork Reduction Act of 

1996’’ to facilitate the organization and 

distribution of the comments. You may 

submit comments by any of the 

following methods: 

• Federal eRulemaking Portal— 

Regulations.gov: 

Go to https://regulations.gov/. Enter 

‘‘Docket ID OCC–2023–0016’’ in the 

Search Box and click ‘‘Search.’’ Public 

comments can be submitted via the 

‘‘Comment’’ box below the displayed 

document information or by clicking on 

the document title and then clicking the 

‘‘Comment’’ box on the top-left side of 

the screen. For help with submitting 

effective comments, please click on 

‘‘Commenter’s Checklist.’’ For 

assistance with the Regulations.gov site, 

please call 1–866–498–2945 (toll free) 

Monday-Friday, 9 a.m.–5 p.m. eastern 

time (ET), or email 

regulationshelpdesk@gsa.gov. 

• Mail: Chief Counsel’s Office, 

Attention: Comment Processing, Office 

of the Comptroller of the Currency, 400 

7th Street SW, Suite 3E–218, 

Washington, DC 20219. 

• Hand Delivery/Courier: 400 7th 

Street SW, Suite 3E–218, Washington, 

DC 20219. 

Instructions: You must include 

‘‘OCC’’ as the agency name and ‘‘Docket 

ID OCC–2023–0016’’ in your comment. 

In general, the OCC will enter all 

comments received into the docket and 

publish the comments on the 

Regulations.gov website without 

change, including any business or 

personal information provided such as 

name and address information, email 

addresses, or phone numbers. 

Comments received, including 

attachments and other supporting 

materials, are part of the public record 

and subject to public disclosure. Do not 

include any information in your 

comment or supporting materials that 

you consider confidential or 

inappropriate for public disclosure. 

You may review comments and other 

related materials that pertain to this 

action by the following method: 

• Viewing Comments Electronically— 

Regulations.gov: 

Go to https://regulations.gov/. Enter 

‘‘Docket ID OCC–2023–0016’’ in the 

Search Box and click ‘‘Search.’’ Click on 

the ‘‘Dockets’’ tab and then the 

document’s title. After clicking the 

document’s title, click the ‘‘Browse All 

Comments’’ tab. Comments can be 

viewed and filtered by clicking on the 

‘‘Sort By’’ drop-down on the right side 

of the screen or the ‘‘Refine Comments 

Results’’ options on the left side of the 

screen. Supporting materials can be 

viewed by clicking on the ‘‘Browse 

Documents’’ tab. Click on the ‘‘Sort By’’ 

drop-down on the right side of the 

screen or the ‘‘Refine Results’’ options 

on the left side of the screen checking 

the ‘‘Supporting & Related Material’’ 

checkbox. For assistance with the 

Regulations.gov site, please call 1–866– 

498–2945 (toll free) Monday–Friday, 9 

a.m.–5 p.m. ET, or email 

regulationshelpdesk@gsa.gov. 

The docket may be viewed after the 

close of the comment period in the same 

manner as during the comment period. 

Board: You may submit comments, 

identified by Docket No. OP–1828 by 

any of the following methods: 

• Agency Website: https://

www.federalreserve.gov. Follow the 

instructions for submitting comments at 

https://www.federalreserve.gov/ 

generalinfo/foia/ProposedRegs.cfm. 

• Federal eRulemaking Portal: 

https://www.regulations.gov. Follow the 

instructions for submitting comments. 

• 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. 

Public Inspection: 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 Street NW, 

Washington, DC 20551, between 9 a.m. 

and 5 p.m. during Federal business 

weekdays. For security reasons, the 

Board requires that visitors make an 

appointment to inspect comments by 

calling (202) 452–3684. Upon arrival, 


lotter on DSK11XQN23PROD with PROPOSALS1
99752 Federal Register / Vol. 89, No. 238 / Wednesday, December 11, 2024 / Proposed Rules 

1 12 U.S.C. 3311. 

2The FFIEC is an interagency body empowered 

to prescribe uniform principles, standards, and 

report forms for the Federal examination of 

financial institutions and to make recommendations 

to promote uniformity in the supervision of 

financial institutions. The FFIEC does not issue 

regulations that impose burden on financial 

institutions and, therefore, we have not separately 

captioned the FFIEC in this document. 

3The FFIEC is comprised of the OCC, Board, 

FDIC, National Credit Union Administration 

(NCUA), Consumer Financial Protection Bureau 

(CFPB), and State Liaison Committee. Of these, only 

the OCC, Board, and FDIC are statutorily required 

to undertake the EGRPRA review. The NCUA 

elected to participate in the first and second 

EGRPRA reviews, and the NCUA Board again has 

elected to participate in this review process. 

Consistent with its approach during the first and 

second EGRPRA reviews, the NCUA will separately 

issue documents and requests for comment on its 

rules. The CFPB is required to review its significant 

rules and publish a report of its review no later than 

five years after they take effect. See 12 U.S.C. 

5512(d). This process is separate from the EGRPRA 

process. 

4 Insured depository institutions are also subject 

to regulations that are not reviewed under the 

EGRPRA process because they were not prescribed 

by the agencies. Examples include rules for which 

rulemaking authority was transferred to the CFPB 

and anti-money laundering regulations issued by 

the Department of the Treasury’s Financial Crimes 

Enforcement Network, among others. If, during the 

EGRPRA process, the agencies receive a comment 

about a regulation that is not subject to the EGRPRA 

review, we will forward that comment to the 

appropriate agency. 

5See supra note 1. 

visitors will be required to present valid 

government-issued photo identification 

and to submit to security screening in 

order to inspect and photocopy 

comments. For users of TTY–TRS, 

please call 711 from any telephone, 

anywhere in the United States. 

FDIC: Interested parties are invited to 

submit written comments, identified by 

RIN 3064–ZA39, by any of the following 

methods: 

• Agency Website: https://www.fdic.

gov/resources/regulations/federalregister-publications/. Follow 

instructions for submitting comments 

on the FDIC’s website. 

• Email: comments@FDIC.gov. 

Include ‘‘EGRPRA’’ in the subject line of 

the message. 

• Mail: James P. Sheesley, Assistant 

Executive Secretary, Attention: 

Comments—RIN 3064–ZA39, Federal 

Deposit Insurance Corporation, 550 17th 

Street NW, Washington, DC 20429. 

• Hand Delivery: Comments may be 

hand-delivered to the guard station at 

the rear of the 550 17th Street NW 

building (located on F Street NW) on 

business days between 7 a.m. and 5 p.m. 

ET. 

Public Inspection: Comments 

received, including any personal 

information provided, may be posted 

without change to https://www.fdic.gov/ 

resources/regulations/federal-registerpublications/. Commenters should 

submit only information that the 

commenter wishes to make available 

publicly. The FDIC may review, redact, 

or refrain from posting all or any portion 

of any comment that it may deem to be 

inappropriate for publication, such as 

irrelevant or obscene material. The FDIC 

may post only a single representative 

example of identical or substantially 

identical comments, and in such cases 

will generally identify the number of 

identical or substantially identical 

comments represented by the posted 

example. All comments that have been 

redacted, as well as those that have not 

been posted, that contain comments on 

the merits of this document will be 

retained in the public comment file and 

will be considered as required under all 

applicable laws. All comments may be 

accessible under the Freedom of 

Information Act. 

FOR FURTHER INFORMATION CONTACT: 

OCC: Allison Hester-Haddad, Special 

Counsel, Daniel Amodeo, Counsel, or 

John Cooper, Counsel, Chief Counsel’s 

Office (202) 649–5490, Office of the 

Comptroller of the Currency, 400 7th 

Street SW, Washington, DC 20219. If 

you are deaf, hard of hearing, or have a 

speech disability, please dial 7–1–1 to 

access telecommunications relay 

services. 

Board: Katie Ballintine, Assistant 

Director, (202) 452–2555, and Colton 

Hamming, Financial Institution Policy 

Analyst III, (202) 452–3932, Division of 

Supervision and Regulation; Mandie 

Aubrey, Senior Counsel, (202) 452– 

2595, Division of Consumer and 

Community Affairs; Dafina Stewart, 

Deputy Associate General Counsel, 

(202) 452–2677, David Cohen, Counsel, 

(202) 452–5259, and Vivien Lee, 

Attorney, (202) 452–2029, 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. 

FDIC: Karen J. Currie, Chief, Policy & 

Program Development Section, (202) 

898–3981, Division of Risk Management 

Supervision; or William Piervincenzi, 

Supervisory Counsel, (202) 898–6957, 

Legal Division. 

I. Introduction 

Section 2222 of EGRPRA 1 requires 

that not less frequently than once every 

10 years, the Federal Financial 

Institutions Examination Council 

(FFIEC) 2 and the agencies 3 conduct a 

review of their regulations to identify 

outdated or otherwise unnecessary 

regulatory requirements imposed on 

insured depository institutions. In 

conducting this review, the FFIEC or the 

agencies will (a) categorize their 

regulations by type and (b) 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.4

EGRPRA also requires the FFIEC or 

the agencies to publish in the Federal 

Register a summary of the comments 

received, identifying significant issues 

raised and commenting on those issues. 

It also directs the agencies to eliminate 

unnecessary regulations, as appropriate. 

Finally, the statute requires the FFIEC to 

submit a report to Congress that 

summarizes any significant issues raised 

in the public comments and the relative 

merits of those issues. The report also 

must include an analysis of whether the 

agencies are able to address the 

regulatory burdens associated with such 

issues or whether those burdens must be 

addressed by legislative action. 

II. The EGRPRA Review’s Targeted 

Focus 

The EGRPRA regulatory review 

provides an opportunity for the public 

and the agencies to evaluate groups of 

related regulations and to identify 

opportunities for burden reduction.5 For 

example, the EGRPRA review may 

facilitate the identification of statutes 

and regulations that share similar goals 

or complementary methods where one 

or more agencies could eliminate the 

overlapping regulatory requirements. 

Alternatively, commenters may identify 

regulations or statutes that impose 

requirements that are no longer 

consistent with current business 

practices and may warrant revision or 

elimination. 

The EGRPRA review also provides the 

agencies and the public with an 

opportunity to consider how to reduce 

the impact of regulations on community 

banks or their holding companies. The 

agencies are aware of the role that these 

institutions play in providing 

consumers and businesses across the 

nation with essential financial services 

and access to credit. The agencies are 

especially concerned about the impact 

of requirements on these smaller 

institutions. The agencies understand 

that when a new regulation is issued or 

a current regulation amended, smaller 

institutions may have to devote a 

significant amount of their resources to 

determine if and how the regulation will 

affect them. Through the public 

comment process, the EGRPRA review 

can help the agencies identify and target 


lotter on DSK11XQN23PROD with PROPOSALS1
Federal Register / Vol. 89, No. 238 / Wednesday, December 11, 2024 / Proposed Rules 99753 

6 44 U.S.C. 3501–3521. 

7 5 U.S.C. 610. 

8 5 U.S.C. 551–559. 

9Consistent with EGRPRA’s focus on reducing 

burden on insured depository institutions, the 

agencies have not included their internal, 

organizational, or operational regulations in this 

review. These regulations impose minimal, if any, 

burden on insured depository institutions. 

10The agencies are seeking comment only on 

consumer protection regulations for which they 

retain rulemaking authority for insured depository 

institutions and holding companies under the 

Dodd-Frank Wall Street Reform and Consumer 

Protection Act, Public Law 111–203, 124 Stat. 1376 

(2010) (Dodd-Frank Act). 

11 89 FR 8084. 

12 89 FR 62679. 

regulatory changes to reduce impacts on 

those smaller institutions. 

Burden reduction must be compatible 

with consumer protection and the safety 

and soundness of insured depository 

institutions, their affiliates, and the 

financial system as a whole. Burden 

reduction also must be consistent with 

the agencies’ statutory mandates, many 

of which require the issuance of 

regulations. EGRPRA recognizes that 

effective burden reduction may require 

statutory changes. Accordingly, as part 

of this review, the agencies specifically 

ask the public to comment on the 

relationship among burden reduction, 

regulatory requirements, policy 

objectives, and statutory mandates. The 

agencies also seek quantitative data 

about the impact of rules, where 

available. 

The agencies note that they must 

consider regulatory burden each time an 

agency proposes, adopts, or amends a 

rule. For example, under the Paperwork 

Reduction Act of 1995 6 and the 

Regulatory Flexibility Act,7 the agencies 

assess each rulemaking with respect to 

the burdens the rule might impose. The 

agencies also invite the public to 

comment on proposed rules as required 

by the Administrative Procedure Act.8

III. The EGRPRA Review Process 

Taken together for purposes of the 

EGRPRA review process, the agencies’ 

regulations covering insured depository 

institutions encompass more than 100 

subjects.9 Consistent with the EGRPRA 

statute and past practice, the agencies 

have grouped these regulations into the 

following 12 categories listed in 

alphabetical order: Applications and 

Reporting; Banking Operations; Capital; 

Community Reinvestment Act; 

Consumer Protection; 10 Directors, 

Officers and Employees; International 

Operations; Money Laundering; Powers 

and Activities; Rules of Procedure; 

Safety and Soundness; and Securities. 

These categories were used during the 

prior EGRPRA reviews. The agencies 

determined the categories by sorting the 

regulations by type and sought to have 

no category be too large or broad. These 

categories remain useful for the review, 

and the agencies have not modified the 

categories for purposes of this review. 

To carry out the EGRPRA review, the 

agencies plan to publish four Federal 

Register documents with each 

addressing one or more categories of 

rules. Each Federal Register document 

will have a 90-day comment period. On 

February 6, 2024, the agencies 

published the first document, 

addressing the following categories of 

regulations: Applications and Reporting; 

Powers and Activities; and International 

Operations.11 On August 1, 2024, the 

agencies published a second document, 

addressing Consumer Protection; 

Directors, Officers and Employees; and 

Money Laundering.12 Today the 

agencies are publishing the third 

document addressing the categories of 

Rules of Procedure; Safety and 

Soundness; and Securities. The agencies 

invite the public to identify outdated, 

unnecessary, or unduly burdensome 

regulatory requirements imposed on 

insured depository institutions and their 

holding companies in these three 

categories. 

To assist the public’s understanding 

of how the agencies have organized the 

EGRPRA review, the agencies have 

prepared a chart that lists the categories 

of regulations for which the agencies are 

requesting comments. The chart’s left 

column divides the categories into 

specific subject-matter areas. The 

headings at the top of the chart identify 

the types of institutions affected by the 

regulations. 

The agencies will review the 

comments received and determine 

whether further action is appropriate 

with respect to the regulations. The 

agencies will consult and coordinate 

with each other and expect generally to 

make this determination jointly, as 

appropriate, in the case of rules that 

have been issued on an interagency 

basis. Similarly, as appropriate, the 

agencies will coordinate to amend or 

repeal those rules on an interagency 

basis. For rules issued by a single 

agency, the issuing agency will review 

the comments received and 

independently determine whether 

amendments to or repeal of its rules are 

appropriate. 

Further, as part of the EGRPRA 

review, the agencies are holding a series 

of public outreach meetings to provide 

an opportunity for bankers, consumer 

and community groups, and other 

interested parties to present their views 

directly to senior management and staff 

of the agencies. More information about 

the outreach meetings can be found on 

the agencies’ EGRPRA website, https:// 

egrpra.ffiec.gov. 

IV. Request for Comments on 

Regulations in the Rules of Procedure, 

Safety and Soundness, and Securities 

Categories 

The agencies are requesting comment 

on regulations in the Rules of 

Procedure; Safety and Soundness; and 

Securities categories to identify 

outdated, unnecessary, or unduly 

burdensome requirements imposed on 

insured depository institutions and their 

holding companies. The agencies will 

solicit comment on all rules finalized by 

the agencies before the publication of 

the last EGRPRA document in the series. 

In addition to comments on regulations 

in these categories generally, the 

agencies are requesting comments on 

certain specific regulations described 

below within these categories issued 

since the last EGRPRA review. Where 

possible, the agencies ask commenters 

to cite to specific regulatory language or 

provisions. The agencies also welcome 

suggested alternative provisions or 

language in support of a comment, 

where appropriate. The agencies will 

consider comments submitted 

anonymously. 

Specific Issues for Commenters To 

Consider 

The agencies specifically invite 

comment on the following issues as they 

pertain to the agencies’ Rules of 

Procedure; Safety and Soundness; and 

Securities rules addressed in this 

document. The agencies will ask these 

same questions for each document 

issued in connection with the EGRPRA 

process and invite comments on these 

questions for the categories in the 

previous EGRPRA documents. 

• Need and purpose of the 

regulations. 

Æ Question 1: Have there been 

changes in the financial services 

industry, consumer behavior, or other 

circumstances that cause any 

regulations in these categories to be 

outdated, unnecessary, or unduly 

burdensome? If so, please identify the 

regulations, provide any available 

quantitative analyses or data, and 

indicate how the regulations should be 

amended. 

Æ Question 2: Do any of these 

regulations impose burdens not required 

by their underlying statutes? If so, 

please identify the regulations and 

indicate how they should be amended. 

• Overarching approaches/ 

flexibilities. 


lotter on DSK11XQN23PROD with PROPOSALS1
99754 Federal Register / Vol. 89, No. 238 / Wednesday, December 11, 2024 / Proposed Rules 

13 88 FR 89820 (Dec. 28, 2023). 

14 88 FR 83311 (Nov. 29, 2023). 

15 87 FR 63663 (Oct. 20, 2022); 86 FR 67843 (Nov. 

30, 2021); 85 FR 79385 (Dec. 10, 2020); 84 FR 58013 

(Oct. 30, 2019); 83 FR 59272 (Nov. 23, 2018); 82 FR 

51973 (Nov. 9, 2017); 81 FR 86250 (Nov. 30, 2016); 

80 FR 73943 (Nov. 27, 2015); 79 FR 78296 (Dec. 30, 

2014). 

16 83 FR 15019 (April 9, 2018). 

Æ Question 3: With respect to the 

regulations in these categories, could an 

agency use a different regulatory 

approach to lessen the burden imposed 

by the regulations and achieve statutory 

intent? 

Æ Question 4: Do any of these rules 

impose unnecessarily inflexible 

requirements? If so, please identify the 

regulations and indicate how they 

should be amended. 

• Cumulative effects. 

Æ Question 5: Looking at the 

regulations in a category as a whole, are 

there any requirements that are 

redundant, inconsistent, or overlapping 

in such a way that taken together, 

impose an unnecessary burden that 

could potentially be addressed? If so, 

please identify those regulations, 

provide any available quantitative 

analyses or data, and indicate how the 

regulations should be amended. 

Æ Question 6: Have the agencies 

issued similar regulations in the same 

area that should be considered together 

as bodies of regulation, when assessing 

the cumulative effects on an insured 

depository institution or holding 

company? If so, please identify the 

regulations, why they should be 

considered together, and any available 

analyses or data for the agencies’ 

consideration. 

Æ Question 7: Could any regulations 

or category of regulation be streamlined 

or simplified to reduce unduly 

burdensome or duplicative regulatory 

requirements? 

• Effect on competition. 

Æ Question 8: Do any of the 

regulations in these categories create 

competitive disadvantages for one part 

of the financial services industry 

compared to another or for one type of 

insured depository institution compared 

to another? If so, please identify the 

regulations and indicate how they 

should be amended. 

• Reporting, recordkeeping, and 

disclosure requirements. 

Æ Question 9: Do any of the 

regulations in these categories impose 

outdated, unnecessary, or unduly 

burdensome reporting, recordkeeping, 

or disclosure requirements on insured 

depository institutions or their holding 

companies? 

Æ Question 10: Could an insured 

depository institution or its holding 

company fulfill any of these 

requirements through new technologies 

(if they are not already permitted to do 

so) and experience a burden reduction? 

If so, please identify the regulations and 

indicate how they should be amended. 

• Unique characteristics of a type of 

institution. 

Æ Question 11: Do any of the 

regulations in these categories impose 

requirements that are unwarranted by 

the unique characteristics of a particular 

type of insured depository institution or 

holding company? If so, please identify 

the regulations and indicate how they 

should be amended. 

• Clarity. 

Æ Question 12: Are the regulations in 

these categories clear and easy to 

understand? 

Æ Question 13: Are there specific 

regulations for which clarification is 

needed? If so, please identify the 

regulations and indicate how they 

should be amended. 

• Impact to community banks and 

other small, insured depository 

institutions. 

Æ Question 14: Are there regulations 

in these categories that impose 

outdated, unnecessary, or unduly 

burdensome requirements on a 

substantial number of community 

banks, their holding companies, or other 

small, insured depository institutions or 

holding companies? 

Æ Question 15: Have the agencies 

issued regulations pursuant to a 

common statute that, as applied by the 

agencies, create redundancies or impose 

inconsistent requirements? 

Æ Question 16: Should any of these 

regulations issued pursuant to a 

common statute be amended or repealed 

to minimize this impact? If so, please 

identify the regulations and indicate 

how they should be amended. 

Æ Question 17: Have the effects of any 

regulations in these categories changed 

over time that now have a significant 

economic impact on a substantial 

number of small, insured depository 

institutions or holding companies? If so, 

please identify the regulations and 

indicate how they should be amended. 

The agencies seek information on (1) the 

continued need for the rule; (2) the 

complexity of the rule; (3) the extent to 

which the rule overlaps, duplicates or 

conflicts with other Federal rules, and, 

to the extent feasible, with State and 

local governmental rules; and (4) the 

degree to which technology, economic 

conditions, or other factors have 

changed in the area affected by the rule. 

• Scope of rules. 

Æ Question 18: Is the scope of each 

rule in these categories consistent with 

the intent of the underlying statute(s)? 

Æ Question 19: Could the agencies 

amend the scope of a rule to clarify its 

applicability or reduce the burden, 

while remaining faithful to statutory 

intent? If so, please identify the 

regulations and indicate how they 

should be amended. 

Specific Interagency Regulations Issued 

Since the Last EGRPRA Review 

• Rules of Practice and Procedure: On 

December 28, 2023, the agencies along 

with NCUA published updated rules of 

practice and procedure, including both 

joint uniform rules and agency-specific 

local rules, to govern administrative 

proceedings.13 The updated rules are 

effective as of April 1, 2024. The new 

rules recognize the use of electronic 

communications in administrative 

hearings and make various technical 

and conforming changes to increase the 

efficiency and fairness of administrative 

adjudications. The rules also apply 12 

CFR part 19 to Federal savings 

associations and remove the current 

administrative practice and procedurerelated rules for Federal savings 

associations. The agencies jointly 

amended the uniform rules, and the 

OCC, Federal Reserve, and FDIC also 

amended their local rules. 

• Appraisals for Higher-Priced 

Mortgage Loans Exemption Threshold: 

The OCC, FRB, and CFPB finalized 

amendments to the official 

interpretations for their regulations that 

implement section 129H of the Truth in 

Lending Act (TILA). Section 129H of 

TILA establishes special appraisal 

requirements for ‘‘higher-risk 

mortgages,’’ termed’’ higher-priced 

mortgage loans’’ or ‘‘HPMLs’’ in the 

agencies’ regulations.14 The agencies 

amended the regulations to adjust the 

related Consumer Price Index for Urban 

Wage Earners and Clerical Workers 

(CPI–W) exemption threshold for certain 

loan types, effective January 1, 2024. 

The OCC joined other agencies in 

issuing corresponding regulations for 

each year between 2014 and 2022.15

• Real Estate Appraisals: The 

agencies adopted a final rule to amend 

their regulations requiring appraisals of 

real estate for certain transactions. The 

final rule increases the threshold level 

at or below which appraisals are not 

required for commercial real estate 

transactions from $250,000 to 

$500,000.16 The final rule defines a 

commercial real estate transaction as a 

real estate-related financial transaction 

that is not secured by a single 1-to-4 

family residential property. It excludes 

all transactions secured by a single 1-to4 family residential property, and, thus, 

construction loans secured by a single 1- 


lotter on DSK11XQN23PROD with PROPOSALS1
Federal Register / Vol. 89, No. 238 / Wednesday, December 11, 2024 / Proposed Rules 99755 

17 84 FR 53579 (Oct. 8, 2019). 

18 86 FR 9120 (Feb. 11, 2021). 

19 85 FR 83686 (Dec. 22, 2020). 

20 85 FR 83686 (Dec. 22, 2020). 

21 82 FR 8082 (Jan. 23, 2017). 

22 85 FR 16888 (Mar. 25, 2020). 

23 85 FR 49229 (Aug. 13, 2020). 

24 79 FR 15639 (Mar. 21, 2014). 

25 82 FR 8082 (Jan. 23, 2017). 

26 82 FR 8082 (Jan. 23, 2017). 

27 82 FR 8082 (Jan. 23, 2017). 

28 83 FR 26347 (Jun. 7, 2018). 

29 82 FR 8082 (Jan. 23, 2017). 

to-4 family residential property are 

excluded. For commercial real estate 

transactions exempted from the 

appraisal requirement as a result of the 

revised threshold, regulated institutions 

must obtain an evaluation of the real 

property collateral that is consistent 

with safe and sound banking practices. 

• Real Estate Appraisals: The 

agencies adopted a final rule to amend 

the agencies’ regulations requiring 

appraisals of real estate for certain 

transactions. The final rule increases the 

threshold level at or below which 

appraisals are not required for 

residential real estate transactions from 

$250,000 to $400,000.17 The final rule 

defines a residential real estate 

transaction as a real estate-related 

financial transaction that is secured by 

a single 1-to-4 family residential 

property. For residential real estate 

transactions exempted from the 

appraisal requirement as a result of the 

revised threshold, regulated institutions 

must obtain an evaluation of the real 

property collateral that is consistent 

with safe and sound banking practices. 

The final rule makes a conforming 

change to add to the list of exempt 

transactions those transactions secured 

by residential property in rural areas 

that have been exempted from the 

agencies’ appraisal requirement 

pursuant to the Economic Growth, 

Regulatory Relief, and Consumer 

Protection Act. The final rule requires 

evaluations for these exempt 

transactions. The final rule also amends 

the agencies’ appraisal regulations to 

require regulated institutions to subject 

appraisals for federally related 

transactions to appropriate review for 

compliance with the Uniform Standards 

of Professional Appraisal Practice. 

• Net Stable Funding Ratio: The 

agencies adopted a final rule to 

implement a stable funding 

requirement, known as the net stable 

funding ratio (NSFR), for certain large 

banking organizations. The final rule 

established a quantitative metric, the 

NSFR, to measure the stability of the 

funding profile of certain large banking 

organizations and requires these 

banking organizations to maintain 

minimum amounts of stable funding to 

support their assets, commitments, and 

derivatives exposures over a one-year 

time horizon. The final rule applied to 

certain large U.S. depository institution 

holding companies, depository 

institutions, and U.S. intermediate 

holding companies of foreign banking 

organizations, each with total 

consolidated assets of $100 billion or 

more, together with certain depository 

institution subsidiaries (together, 

covered companies). The final rule also 

amended certain definitions in the 

agencies’ liquidity coverage ratio rule 

that are also applicable to the NSFR.18

Specific OCC Regulations Issued Since 

the Last EGRPRA Review 

• National Bank and Federal Savings 

Association Payment System 

Memberships: In December 2020, the 

OCC adopted a rule addressing national 

bank and Federal savings association 

membership in payment systems.19 The 

rule includes a notice requirement and 

safety and soundness reviews. 

• Permissible Derivatives Activities 

for National Banks: In December 2020, 

the OCC adopted a rule governing 

permissible derivative activities for 

national banks.20 The rule delineates the 

types of derivative activities that are 

permissible and includes notice and 

safety and soundness requirements. 

• Collective Investment Funds: In 

January 2017, the OCC amended 12 CFR 

9.18(b)(1) to require that a national bank 

make a copy of the investment fund 

plan available to the public either at its 

main office or on its website.21 The rule 

also permits a national bank to satisfy 

the requirement to provide a copy of the 

plan to any person who requests it by 

providing it in either written or 

electronic form. The OCC amended 12 

CFR 9.18(c)(2) to increase the asset 

threshold for mini-funds to $1,500,000, 

with an annual adjustment for inflation. 

In March 2020, the OCC revised the 

OCC’s short-term investment fund rule 

(STIF Rule) for national banks acting in 

a fiduciary capacity.22 The OCC 

amended the rule to add a reservation 

of authority provision that addresses the 

rule’s limits on weighted average 

portfolio maturity, weighted average 

portfolio life maturity, and the method 

for determining those limits. In August 

2020, the OCC issued a rule to codify 

the standard withdrawal period for a 

collective investment fund and to 

provide that a national bank that 

requires a prior notice period for 

withdrawals generally must withdraw 

an account within the prior notice 

period or, if permissible under the 

collective investment fund’s written 

plan, within one year after prior notice 

was required.23 The rule also creates a 

limited exception that allows a national 

bank, with OCC approval, to withdraw 

an account from the collective 

investment fund up to one year beyond 

the standard withdrawal period, with 

opportunities for further extensions, 

provided that certain conditions are 

satisfied. 

• Municipal Securities Dealers: In 

March 2014, the OCC updated its 

headquarters mailing address.24 In 

January 2017, the OCC codified an 

existing requirement for Federal savings 

associations that act as municipal 

securities dealers to file certain forms 

with the OCC. The OCC also made 

minor technical changes to 12 CFR part 

10.25

• Securities Exchange Act Disclosure 

Rules: In January 2017, the OCC 

adopted a rule designed to update 

certain relevant existing rules in 

accordance with a review of the 

EGRPRA.26 The rule treats Federal 

savings associations similar to national 

banks under the rule with regard to their 

periodic reporting obligations under the 

Exchange Act. In addition, the updates 

permit the electronic filing of periodic 

reporting requirements, and provide the 

ability to make technical, nonsubstantive edits and clarifications. 

• Recordkeeping and Confirmation 

Requirements for Securities 

Transactions (National Banks): In 

January 2017, the OCC adopted a rule 

designed to update certain relevant 

existing rules in accordance with a 

review of the EGRPRA.27 The rule 

clarifies that national banks may use a 

third-party service provider for 

recordkeeping and storage. The rule also 

aligns customer notification 

requirements for national banks and 

Federal savings associations and allows 

for the use of electronic 

communications. In October 2018, the 

OCC and FDIC adopted a rule to shorten 

the standard settlement cycle for 

securities purchased or sold by national 

banks.28 The rule requires banks to 

settle most securities transactions 

within the number of business days 

followed by registered broker dealers in 

the United States. 

• Recordkeeping and Confirmation 

Requirements for Securities 

Transactions (Federal Savings 

Associations): In January 2017, the OCC 

adopted a rule designed to update 

certain relevant existing rules in 

accordance with a review of the 

EGRPRA.29 The rule treats Federal 

savings associations the same as 

national banks by reducing records 


lotter on DSK11XQN23PROD with PROPOSALS1
99756 Federal Register / Vol. 89, No. 238 / Wednesday, December 11, 2024 / Proposed Rules 

30 83 FR 26347 (Jun. 7, 2018). 

31 82 FR 8082 (Jan. 23, 2017). 

32 85 FR 42630 (Jul. 14, 2020). 

33 80 FR 28480 (May 18, 2015). In addition, the 

OCC issued a technical correction relating to offers 

and sales of securities at an office of a Federal 

savings association in 2015. 80 FR 79460 (Dec. 22, 

2015). 

34 84 FR 56376 (Oct. 22, 2019); 84 FR 64193 (Nov. 

21, 2019) (amendment of effective date and 

correction); 84 FR 71735 (Dec. 30, 2019) (technical 

amendments, correction); 85 FR 42630 (Jul. 14, 

2020). 

35 82 FR 8110 (Jan. 23, 2017). 

36 81 FR 66800 (Sep. 29, 2016). 

37 83 FR 66607 (Dec. 27, 2018). 

38 89 FR 84255 (Oct. 22, 2024). 

39 80 FR 28346 (May 18, 2015). 

40 82 FR 8082 (Jan. 23, 2017). 

41 85 FR 80404 (Dec. 11, 2020). 

42 84 FR 56369 (Oct. 22, 2019). 

43 79 FR 11300 (February 28, 2014). 

44 80 FR 28346 (May 18, 2015). 

45 84 FR 4222 (February 14, 2019). 

46 84 FR 61776 (November 13, 2019); 84 FR 69296 

(December 18, 2019). 

47 85 FR 4362 (January 24, 2020). 

48 85 FR 42630 (July 14, 2020); 85 FR 61809 

(October 1, 2020). 

49 82 FR 8082 (Jan. 23, 2017). 

50 82 FR 8110 (Jan. 23, 2017). 

51 89 FR 18749 (March 15, 2024). 

52 84 FR 59032 (Nov. 1, 2019). 

maintenance and storage requirements. 

The rule also reduces the frequency of 

statements that must be sent to a 

customer when a Federal savings 

association receives remuneration from 

any source. In October 2018, the OCC 

and FDIC adopted a rule to shorten the 

standard settlement cycle for securities 

purchased or sold by Federal savings 

associations.30 The rule requires Federal 

savings associations to settle most 

securities transactions within the 

number of business days followed by 

registered broker dealers in the United 

States. 

• Securities Offering Disclosure 

Rules: In January 2017, the OCC made 

amendments to 12 CFR part 16 as part 

of the EGRPRA process to integrate 

Federal savings associations into 12 CFR 

part 16 and delete former 12 CFR part 

197, which previously applied to the 

securities activities of Federal savings 

associations.31 These amendments also 

took provisions from former 12 CFR part 

197 pertaining to electronic filings and 

adapted them in 12 CFR part 16 to 

enable electronic filings under the latter. 

The OCC made further technical 

amendments in July 2020 regarding the 

form and content of registration 

statements and requests for 

interpretative advice and no-objection 

letters.32

• Applications for Stay or Review of 

Disciplinary Actions Imposed by 

Registered Clearing Agencies: As part of 

the OCC’s reorganization of the 12 CFR 

part 19 local rules, 12 CFR 19.135, 

‘‘Applications for stay or review of 

disciplinary actions imposed by 

registered clearing agencies,’’ was 

redesignated as 12 CFR 19.121(d). There 

was no change to the substance of the 

provision. 

• Securities and Borrowings: The 

OCC has made minor revisions 

regarding provisions relating to Federal 

savings association securities and 

borrowing several times. The OCC 

removed certain provisions in 2015 as 

part of the integration of national bank 

and Federal savings association rules.33

The OCC made technical and 

conforming edits in 2019 and 2020.34

• Federal Savings Association 

Financial Management Policies: In 

January 2017, as a result of the previous 

EGRPRA review, OCC revised its 

regulations for Federal savings 

associations for financial derivatives to 

clarify the rule.35

• Recovery Planning Guidelines: In 

2016, the OCC published enforceable 

standards for insured national banks, 

Federal savings associations, and 

Federal branches of foreign banks with 

$50 billion or more in average total 

consolidated assets.36 In 2018, the OCC 

increased this threshold to $250 billion 

or more.37 In 2024, the OCC adjusted the 

threshold to $100 billion or more, 

incorporated a testing standard, and 

clarified the role of non-financial 

(operational and strategic) risk in 

recovery planning.38 The guidelines 

provide a comprehensive framework for 

evaluating the financial effects of severe 

stress that may affect a covered 

institution and options it may take to 

remain viable under such stress. The 

OCC also made technical changes to 12 

CFR part 30 when it issued these 

guidelines. 

• Voluntary Liquidation: The OCC 

integrated the provisions related to 

national bank and Federal savings 

association voluntary liquidation.39 The 

OCC made minor updates to this 

regulation in January 2017,40 as part of 

the previous EGRPRA review, and 

December 2020.41

• Other Real Estate Owned: The OCC 

integrated its regulations for national 

banks and Federal savings 

associations.42

• Legal Lending Limits: The OCC 

revised 12 CFR part 32 to make 

technical conforming amendments to 

certain definitions and provisions to 

make 12 CFR part 32 consistent with the 

capital framework,43 integration of 

Federal savings associations into OCC 

regulations relating to policies and 

procedures,44 implementation of the 

current expected credit losses 

methodology (CECL),45 the community 

bank leverage ratio framework,46 and 

the standardized approach for 

counterparty credit risk (SA–CCR).47 In 

addition, the OCC revised 12 CFR part 

32 to conform with and clarify 

applicability of certain limits in Call 

Report instructions.48

• Affiliates Transactions: As part of 

the previous EGRPRA review, the OCC 

integrated its regulations and added 

provisions for national banks and 

Federal savings association to request 

exemptions.49

• Federal Savings Association 

Financial Management Policies: In 

response to the last EGRPRA review, the 

OCC revised its regulations for Federal 

savings associations for financial 

derivatives to clarify the rule.50

Specific Board Regulations Issued Since 

the Last EGRPRA Review 

• Financial Market Utilities: The 

Board issued a final rule amending the 

requirements relating to operational risk 

management in the Board’s Regulation 

HH, which applies to certain financial 

market utilities (FMUs) that have been 

designated as systemically important 

(designated FMUs) by the Financial 

Stability Oversight Council (FSOC) 

under title VIII of the Dodd-Frank Act. 

The amendments updated, refined, and 

added specificity to the operational risk 

management requirements in Regulation 

HH to reflect changes in the operational 

risk, technology, and regulatory 

landscape in which designated FMUs 

operate. The final rule also required 

specific incident-notification 

requirements.51

• Enhanced Prudential Standards: 

The Board established risk-based 

categories for determining prudential 

standards for large U.S. banking 

organizations and foreign banking 

organizations, consistent with section 

165 of the Dodd-Frank Act, as amended 

by the Economic Growth, Regulatory 

Relief, and Consumer Protection Act 

(EGRRCPA), and with the Home 

Owners’ Loan Act. The rule amended 

certain prudential standards, including 

standards relating to liquidity, risk 

management, and single-counterparty 

credit limits, to reflect the risk profile of 

banking organizations under each 

category; applied prudential standards 

to certain large savings and loan holding 

companies using the same categories; 

and made corresponding changes to 

reporting forms.52

• Single-Counterparty Credit Limits: 

The Board established singlecounterparty credit limits for bank 

holding companies and foreign banking 

organizations with $250 billion or more 


lotter on DSK11XQN23PROD with PROPOSALS1
Federal Register / Vol. 89, No. 238 / Wednesday, December 11, 2024 / Proposed Rules 99757 

53 83 FR 38460 (Aug. 6, 2018). 

54 83 FR 21167 (May 9, 2018). 

55 82 FR 42882 (Sept. 12, 2017). 

56 84 FR 59194 (Nov. 1, 2019). 

57 89 FR 56620 (July 9, 2024). 

58 84 FR 37020 (July 30, 2019). 

59 82 FR 35584 (July 31, 2017). 

60 84 FR 1346 (Feb. 4, 2019); 84 FR 15095 (April 

15, 2019). 

61 86 FR 6742 (Jan. 22, 2021). 

62 81 FR 27295 (May 6, 2016). 

63Section 610 of the Regulatory Flexibility Act, 

5 U.S.C. 610, imposes a continuing obligation on 

the agencies to review regulations that may have a 

significant economic impact upon a substantial 

number of small entities within 10 years after a 

final rulemaking is published. A subset of the rules 

the agencies will review under EGRPRA will also 

be reviewed under the section 610 review criteria. 

The agencies will indicate which rules are subject 

to section 610 review. The factors the agencies 

consider in evaluating a rule under 5 U.S.C. 610 are 

(1) the continued need for the rule; (2) the nature 

of complaints or comments received concerning the 

rule from the public; (3) the complexity of the rule; 

(4) the extent to which the rule overlaps, duplicates 

or conflicts with other Federal rules, and, to the 

extent feasible, with State and local governmental 

rules; and (5) the length of time since the rule has 

been evaluated or the degree to which technology, 

economic conditions, or other factors have changed 

in the area affected by the rule. 

in total consolidated assets, including 

any U.S. intermediate holding company 

of such a foreign banking organization 

with $50 billion or more in total 

consolidated assets, and any bank 

holding company identified as a global 

systemically important bank holding 

company under the Board’s capital 

rules. The final rule implemented 

section 165(e) of the Dodd-Frank Act, 

which requires the Board to impose 

limits on the amount of credit exposure 

that such a bank holding company or 

foreign banking organization can have to 

an unaffiliated company in order to 

reduce the risks arising from the 

company’s failure.53

• Extensions of Credit by Federal 

Reserve Banks: The Board revised 

provisions in its Regulation A regarding 

the establishment of the primary credit 

rate in a financial emergency and 

deleted the provisions relating to the 

use of credit ratings for collateral for 

extensions of credit under the former 

Term Asset-Backed Securities Loan 

Facility.54

• Qualified Financial Contracts: The 

Board issued a rule imposing certain 

restrictions on firms with respect to 

qualified financial contracts. The rule 

applied to global systemically important 

banking organization and certain 

subsidiaries.55

• Resolution Plans: The Board and 

FDIC issued a rule implementing the 

resolution planning requirements under 

Dodd Frank. The rule also established 

risk-based categories for determining the 

application of the resolution planning 

requirement to certain U.S. and foreign 

banking organizations. The final rule 

also extended the default resolution 

plan filing cycle, allowed for more 

focused resolution plan submissions, 

and improved certain aspects of the 

resolution planning rule.56

Specific FDIC Regulations Issued Since 

the Last EGRPRA Review 

• Resolution Plans: The FDIC issued 

a rule to require the submission of 

resolution plans by insured depository 

institutions (IDIs) with $100 billion or 

more in total assets and informational 

filings by IDIs with at least $50 billion 

but less than $100 billion in total assets. 

The rule modified the content and 

timing of full resolution submissions, as 

well as interim supplements to those 

submissions provided to the FDIC. The 

rule also enhanced how the credibility 

of full resolution submissions will be 

assessed, expanded expectations 

regarding engagement and capabilities 

testing, and explained expectations 

regarding the FDIC’s review, feedback, 

and enforcement of IDIs’ compliance 

with the rule.57

• Recordkeeping for Timely Deposit 

Insurance Determination: In 2019, the 

FDIC amended its rules in 12 CFR part 

370 to clarify its requirements for 

recordkeeping for timely deposit 

insurance determination, to better align 

the burdens of the rule with the 

benefits, and to make technical 

corrections.58

• Recordkeeping Requirements for 

Qualified Financial Contracts: The FDIC 

amended its regulations regarding 

recordkeeping requirements for 

qualified financial contracts (QFCs) in 

2017 to augment the scope of QFC 

records required to be maintained by an 

IDI that is subject to the FDIC’s 

recordkeeping requirements and that 

has total consolidated assets equal to or 

greater than $50 billion or is a 

consolidated affiliate of a member of a 

corporate group with one or more 

members of which are subject to the 

QFC recordkeeping requirements set 

forth in the regulations adopted by the 

Department of the Treasury (a ‘‘full 

scope entity’’); for all other IDIs subject 

to the FDIC’s QFC recordkeeping 

requirements, added and deleted a 

limited number of data requirements 

and made certain formatting changes 

with respect to the QFC recordkeeping 

requirements; required full scope 

entities to keep QFC records of certain 

of their subsidiaries; provided an 

exemption process; and included 

certain other changes, including 

changes that provided additional time 

for certain IDIs in a troubled condition 

to comply with the regulations.59

• Limited Exception for a Capped 

Amount of Reciprocal Deposits from 

Treatment as Brokered Deposits: In 

2019, the FDIC amended its regulations 

on brokered deposits and interest rate 

restrictions to conform with changes to 

section 29 of the Federal Deposit 

Insurance Act made by section 202 of 

the EGRRCPA related to reciprocal 

deposits. The FDIC also made 

conforming amendments to the FDIC’s 

regulations governing deposit insurance 

assessments.60

• Unsafe and Unsound Banking 

Practices Relating to Brokered Deposits 

and Interest Rate Restrictions: In 2021, 

the FDIC revised regulations relating to 

the brokered deposits and interest rate 

restrictions that apply to less than well 

capitalized IDIs. For brokered deposits, 

the FDIC issued a rule to establish a new 

framework for analyzing certain 

provisions of the ‘‘deposit broker’’ 

definition, including ‘‘facilitating’’ and 

‘‘primary purpose.’’ For the interest rate 

restrictions, the FDIC amended its 

methodology for calculating the national 

rate, the national rate cap, and the local 

market rate cap.61

• Registration of Securities Transfer 

Agents: The FDIC issued a rule in 2016 

to amend its regulations requiring 

insured State nonmember banks, or 

subsidiaries of such banks, and insured 

State savings associations and 

subsidiaries of such State savings 

associations, that act as transfer agents 

for qualifying securities under section 

12 of the Securities Exchange Act of 

1934 to register with the FDIC. The rule 

also revised the definition of qualifying 

securities to reflect statutory changes to 

the Securities and Exchange Act of 

1934.62

V. The Agencies’ Review of Regulations 

Under Section 610 of the Regulatory 

Flexibility Act (RFA) 

Consistent with past practice, the 

agencies will use the EGRPRA review to 

satisfy their respective obligations under 

section 610 of the RFA.63 To that end, 

for each rule that has a significant 

impact on a substantial number of small 

entities issued in the last 10 years, the 

agencies invite comment on (1) the 

continued need for the rule; (2) the 

complexity of the rule; (3) the extent to 

which the rule overlaps, duplicates or 

conflicts with other Federal rules, and, 

to the extent feasible, with State and 

local governmental rules; and (4) the 

length of time since the rule has been 

evaluated or the degree to which 

technology, economic conditions, or 

other factors have changed in the area 

affected by the rule. The purpose of the 


lotter on DSK11XQN23PROD with PROPOSALS1
99758 Federal Register / Vol. 89, No. 238 / Wednesday, December 11, 2024 / Proposed Rules 

64The FDIC certified that the Unsafe and 

Unsound Banking Practices Relating to Brokered 

Deposits and Interest Rate Restrictions rule issued 

in 2021 would not have a significant economic 

effect on a substantial number of small entities, 

after conducting a full Final Regulatory Flexibility 

Act analysis. Because some expected effects were 

hard to assess or accurately quantify, the FDIC 

published a small entity compliance guide. 

65The review will be consistent with the 

requirements of a Regulatory Flexibility Act, section 

610 review. The agencies will determine whether 

particular rules should be continued without 

change, amended, or rescinded, consistent with the 

objectives of applicable statutes, to minimize any 

significant economic impact of the rules on a 

substantial number of small, insured depository 

institutions. 

review will be to determine whether 

such rules should be continued without 

change, or should be amended or 

rescinded, consistent with the stated 

objectives of applicable statutes, to 

minimize any significant economic 

impact of the rules upon a substantial 

number of such small entities. 

The agencies have not identified any 

rules pertaining to Rules of Procedure; 

Safety and Soundness; and Securities 

that would have a significant impact on 

a substantial number of small entities.64

The agencies will consider public 

comments submitted through the 

EGRPRA review process and agency 

experience to identify regulations where 

the agencies can reduce burdens that 

have a significant impact on a 

substantial number of small, insured 

depository institutions.65

Subject National banks State member 

banks 

State 

non-member 

banks 

Federal savings 

associations 

State savings 

associations 

BHCs & FHCs 

— — — — — 

SLHCs 

Rules of Procedure: Interagency Regulations: 

Uniform Rules of Practice 

and Procedure.

12 CFR part 19 .... 12 CFR part 263 .. 12 CFR part 308 .. 12 CFR part 19 .... 12 CFR part 308 .. 12 CFR part 263. 

OCC Regulations 

Voluntary Liquidation of a 

National Bank or Federal 

Savings Association.

12 CFR 5.48 ........ .............................. .............................. 12 CFR 5.48.

FDIC Regulations 1

Resolution and Receivership 

Rules.

12 CFR part 360 .. 12 CFR part 360 .. 12 CFR part 360 .. 12 CFR part 360 .. 12 CFR part 360.

Recordkeeping for Timely 

Deposit Insurance Determination.

12 CFR part 370 .. 12 CFR part 370 .. 12 CFR part 370 .. 12 CFR part 370 .. 12 CFR part 370.

Recordkeeping Requirements for Qualified Financial Contracts.12 CFR part 371 .. 12 CFR part 371 .. 12 CFR part 371 .. 12 CFR part 371 .. 12 CFR part 371.

Restrictions on Sale of Assets by the Federal Deposit Insurance Corporation.12 CFR part 340 .. 12 CFR part 340 .. 12 CFR part 340 .. 12 CFR part 340 .. 12 CFR part 340.

Safety and Soundness: Interagency Regulations: 

Minimum Security Procedures.12 CFR part 21, 

subpart A.

12 CFR 208.61 

[Reg. H].

12 CFR part 326, 

subpart A.

12 CFR part 168 .. 12 CFR part 326, 

subpart A.

Appraisal Standards for Federally Related Transactions.12 CFR part 34, 

subpart C.

12 CFR 208.50 

[Reg. H]; 12 

CFR part 225, 

subpart G [Reg. 

Y].

12 CFR part 323 .. 12 CFR part 34, 

subpart C.

12 CFR part 323 12 CFR part 225, 

subpart G [Reg. 

Y]. 

Real Estate Lending Standards.12 CFR part 34, 

subpart D.

12 CFR part 208, 

appx. C [Reg H].

12 CFR part 365, 

subpart A.

12 CFR 160.101 .. 12 CFR part 365, 

subpart A.

Appraisals: Higher-Priced 

Mortgages.

12 CFR part 34, 

subpart G.

12 CFR 226.43; 

12 CFR part 

226, appx. N 

and O, and 

supp. I [Reg. Z].

12 CFR part 1026 

[Reg. Z].

12 CFR part 34, 

subpart G.

12 CFR part 1026 

[Reg. Z].

12 CFR 226.43; 

12 CFR part 

226, appx. N 

and O, and 

supp. I [Reg. Z]. 

— — — — — 

12 CFR 226.43; 

12 CFR part 

226, appx. N 

and O, and 

supp. I [Reg. Z]. 

Appraisal Management Company Minimum Standards.12 CFR part 34, 

subpart H.

12 CFR part 225, 

subpart M [Reg. 

Y].

12 CFR part 323, 

subpart B.

12 CFR part 34, 

subpart H.

12 CFR part 323, 

subpart B.

Credit Risk Retention ............ 12 CFR part 43 .... 12 CFR part 244 

[Reg. RR].

12 CFR part 373 .. 12 CFR part 43 .... 12 CFR part 373 12 CFR part 244 

[Reg. RR]. 

— — — — — 

12 CFR part 244 

[Reg. RR]. 

Frequency of Safety and 

Soundness Examination.

12 CFR 4.6–.7 ..... 12 CFR 208.64 

[Reg. H].

12 CFR 337.12 .... 12 CFR 4.6 

(See also: 12 CFR 

163.170).

12 CFR 337.12.

Liquidity Risk ......................... 12 CFR part 50 .... 12 CFR part 249 

[Reg. WW].

12 CFR part 329 .. 12 CFR part 50 .... 12 CFR part 329 12 CFR part 249 

[Reg. WW]. 

— — — — — 

12 CFR part 249 

[Reg. WW]. 

Mandatory Contractual Requirements for Qualified Financial Contracts.12 CFR part 47 .... 12 CFR part 252, 

subpart I [Reg. 

YY].

12 CFR part 382 .. 12 CFR part 47 .... 12 CFR part 382 12 CFR part 252, 

subpart I [Reg. 

YY]. 


lotter on DSK11XQN23PROD with PROPOSALS1
Federal Register / Vol. 89, No. 238 / Wednesday, December 11, 2024 / Proposed Rules 99759 

Subject National banks State member 

banks 

State 

non-member 

banks 

Federal savings 

associations 

State savings 

associations 

BHCs & FHCs 

— — — — — SLHCs 

Resolution Plans ................... 12 CFR 360.10 .... 12 CFR 360.10 .... 12 CFR 360.10 .... 12 CFR 360.10 .... 12 CFR 360.10 .... 12 CFR part 381; 

12 CFR part 

243 [Reg. QQ]. 

Safety and Soundness 

Standards.

12 CFR part 30 

generally; 12 

CFR part 30, 

appx. A.

12 CFR part 208, 

appx. D–1 [Reg. 

H].

12 CFR part 364, 

appx. A.

12 CFR part 30 

generally; 12 

CFR part 30, 

appx. A.

12 CFR part 364, 

appx. A.

Transactions with Affiliates ... 12 CFR part 223 

[Reg. W]; 12 

CFR part 31.

12 CFR part 223 

[Reg. W].

12 CFR part 223 

[Reg. W].

12 CFR part 223 

[Reg. W]; 12 

CFR part 31.

12 CFR part 223 

[Reg. W].

OCC Regulations: 

Heightened Standards 

Guidelines.

12 CFR part 30, 

appx. D.

.............................. .............................. 12 CFR part 30, 

appx. D.

Lending Limits ....................... 12 CFR part 32 .... .............................. .............................. 12 CFR part 32 .... 12 CFR part 32.

Recovery Planning Guidelines.12 CFR part 30, 

appx. E.

.............................. .............................. 12 CFR part 30, 

appx. E.

Other Real Estate Owned .... 12 CFR part 34, 

subpart E.

.............................. .............................. 12 CFR part 34, 

subpart E.

Federal Savings Association 

Financial Management 

Policies.

.............................. .............................. .............................. 12 CFR part 163, 

subpart F.

Federal Savings Association 

Lending and Investment — 

Additional Safety and 

Soundness Limitations.

.............................. .............................. .............................. 12 CFR part 160 .. 12 CFR part 160.

Board Regulations: 

Appraisals: Appraiser Independence............................... 12 CFR 226.42; 

12 CFR part 

226, supp. I 

[Reg. Z].

12 CFR part 1026 

[Reg. Z].

.............................. .............................. 12 CFR 226.42; 

12 CFR part 

226, supp. I 

[Reg. Z]. 

— — — — — 

12 CFR 226.42; 

12 CFR part 

226, supp. I 

[Reg. Z]. 

Definitions related to the Financial Stability Oversight 

Council.

.............................. .............................. .............................. .............................. .............................. 12 CFR part 242 

[Reg. PP]. 

Enhanced Prudential Standards Risk Committee Requirement (for certain 

BHCs) Standards for BHCs 

with consolidated assets 

$50 billion or more and 

less than $100B.

.............................. .............................. .............................. .............................. .............................. 12 CFR part 252, 

subpart C [Reg. 

YY]. 

— — — — — 

12 CFR part 238, 

subpart M [Reg. 

LL]. 

Enhanced Prudential Standards Risk Committee Requirement (for certain 

BHCs) Standards for BHCs 

with consolidated assets 

$100 billion or more.

.............................. .............................. .............................. .............................. .............................. 12 CFR 252.33 

[Reg. YY]. 

— — — — — 

12 CFR 238.122 

[Reg. LL]. 

Extensions of Credit by Federal Reserve Banks.12 CFR part 201 

[Reg. A].

12 CFR part 201 

[Reg. A].

12 CFR part 201 

[Reg. A].

12 CFR part 201 

[Reg. A].

12 CFR part 201 

[Reg. A].

Financial Market Utilities ....... 12 CFR part 234 

[Reg. HH].

12 CFR part 234 

[Reg. HH].

12 CFR part 234 

[Reg. HH].

12 CFR part 234 

[Reg. HH].

12 CFR part 234 

[Reg. HH].

12 CFR part 234 

[Reg. HH]. 

Limitations on Interbank Liabilities.12 CFR part 206 

[Reg. F].

12 CFR part 206 

[Reg. F].

12 CFR part 206 

[Reg. F].

12 CFR part 206 

[Reg. F].

12 CFR part 206 

[Reg. F].

Securities Holding Companies............................... .............................. .............................. .............................. .............................. 12 CFR part 241 

[Reg. OO]. 

Single Counterparty Credit 

Limit.

.............................. .............................. .............................. .............................. .............................. 12 CFR part 252, 

subparts H and 

Q [Reg. YY]. 

FDIC Regulations: 

Annual Independent Audits 

and Reporting Requirements.

12 CFR part 363 .. 12 CFR part 363 .. 12 CFR part 363 .. 12 CFR part 363 .. 12 CFR part 363.

Unsafe and Unsound Banking Practices (Standby Letters of Credit)............................... .............................. 12 CFR 337.2.

Unsafe and Unsound Banking Practices (Brokered Deposits).12 CFR 337.6 ...... 12 CFR 337.6 ...... 12 CFR 337.6 ...... 12 CFR 337.6 ...... 12 CFR 337.6.

Securities: 

Interagency Regulations: 

Banks as Registered Clearing Agencies.12 CFR 19.135 .... 12 CFR 208.32– 

33 [Reg. H].

12 CFR part 308, 

subpart S.

Banks as Securities Transfer 

Agents.

12 CFR 9.20 ........ 12 CFR 208.31 

[Reg. H].

12 CFR part 341.

Government Securities Sales 

Practices.

12 CFR part 13 .... 12 CFR 208.37 

[Reg. H].

12 CFR part 368.


lotter on DSK11XQN23PROD with PROPOSALS1
99760 Federal Register / Vol. 89, No. 238 / Wednesday, December 11, 2024 / Proposed Rules 

Subject National banks State member 

banks 

State 

non-member 

banks 

Federal savings 

associations 

State savings 

associations 

BHCs & FHCs 

— — — — — SLHCs 

Recordkeeping and Confirmation of Securities 

Transactions Effected by 

Banks.

12 CFR part 12 .... 12 CFR 208.34 

[Reg. H].

12 CFR part 344 .. 12 CFR part 151 .. 12 CFR part 344.

Reporting Requirements for 

Reported Securities Under 

the Securities Exchange 

Act of 1934.

12 CFR part 11 .... 12 CFR 208.36 

[Reg. H].

12 CFR part 335 .. 12 CFR part 11 .... 12 CFR part 335; 

12 CFR part 

390, subpart Q; 

12 CFR part 

390, subpart W.

Securities Offerings .............. 12 CFR part 16 .... .............................. 12 CFR part 335 .. 12 CFR part 16 .... 12 CFR part 335; 

12 CFR part 

390, subpart Q; 

12 CFR part 

390, subpart W.

OCC Regulations: 

Municipal Securities Dealer 

Activities of Banks.

12 CFR part 10 .... .............................. .............................. 12 CFR part 10.

Federal Savings Associations 

Proxies.

.............................. .............................. .............................. 12 CFR part 169 .. 12 CFR part 169.

Federal Savings Associations 

Rules on the Issuance and 

Sale of Institution Securities.

.............................. .............................. .............................. 12 CFR 163.5; 12 

CFR part 163, 

subpart C.

Board Regulations: 

Credit by Banks and Persons 

Other than Brokers or 

Dealers for the Purpose of 

Purchasing or Carrying 

Margin Stock.

12 CFR part 221 

[Reg. U].

12 CFR part 221 

[Reg. U].

12 CFR part 221 

[Reg. U].

12 CFR part 221 

[Reg. U].

12 CFR part 221 

[Reg. U].

12 CFR part 221 

[Reg. U]. 

— — — — — 

12 CFR part 221 

[Reg. U]. 

Credit by Brokers and Dealers............................... .............................. .............................. .............................. .............................. 12 CFR part 220 

[Reg. T]. 

1The Orderly Liquidation Authority subject was included in the chart published on Feb. 6, 2024 (89 FR 8084) but FDIC staff has further reviewed the regulations, 

12 CFR part 380, and believes that these rules are not subject to EGRPRA. This subject has been removed from the chart. 

Michael J. Hsu, 

Acting Comptroller of the Currency. 

By order of the Board of Governors of the 

Federal Reserve System. 

Ann E. Misback, 

Secretary of the Board. 

Federal Deposit Insurance Corporation. 

By order of the Board of Directors. 

Dated at Washington, DC, on November 20, 

2024. 

James P. Sheesley, 

Assistant Executive Secretary. 

[FR Doc. 2024–28939 Filed 12–10–24; 8:45 am] 

BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P 

DEPARTMENT OF TRANSPORTATION 

Office of the Secretary 

14 CFR Chapter II 

[Docket No. DOT–OST–2024–0062] 

RIN 2105–AF20 

Airline Passenger Rights 

AGENCY: Office of the Secretary (OST), 

Department of Transportation (DOT). 

ACTION: Advanced notice of proposed 

rulemaking (ANPRM). 

SUMMARY: The U.S. Department of 

Transportation (Department or DOT) 

seeks public comment on a rulemaking 

to ensure consumers experiencing 

significant flight disruptions are taken 

care of and protected from financial 

losses. Specifically, the Department is 

considering imposing requirements on 

airlines to provide affected passengers 

cash compensation, free rebooking, and 

amenities such as meals, lodging for 

overnight delays, and transportation to 

and from lodging. The Department also 

seeks comment on whether some 

protections should be provided during 

any type of disruption, how to 

determine whether a cancellation or 

delay is within an airline’s control, and 

how to ensure that passengers receive 

the correct information from the airline 

in a timely manner. Additionally, the 

Department solicits comments on how 

to ensure that the process for passengers 

to receive compensation and amenities 

is clear, simple, straightforward, and 

prompt, and whether to require certain 

aspects of the process to be automatic. 

Further, the Department seeks comment 

on whether it should require airlines to 

offer free rebooking on the same or 

partner airline to a passenger with a 

disability and others in the same travel 

party when one or more accessibility 

feature needed by the person with 

disability is unavailable. 

DATES: Comments should be filed by 

February 10, 2025. Late-filed comments 

will be considered to the extent 

practicable. 

ADDRESSES: You may file comments 

identified by the docket number DOT– 

OST–2024–0062 by any of the following 

methods: 

• Federal eRulemaking Portal: go to 

https://www.regulations.gov and follow 

the online instructions for submitting 

comments. 

• Mail: Docket Management Facility, 

U.S. Department of Transportation, 1200 

New Jersey Ave. SE, West Building 

Ground Floor, Room W12–140, 

Washington, DC 20590–0001. 

• Hand Delivery or Courier: West 

Building Ground Floor, Room W12–140, 

1200 New Jersey Ave. SE, Washington, 

DC, between 9 a.m. and 5 p.m. ET, 

Monday through Friday, except Federal 

holidays. 

• Fax: (202) 493–2251. 

Instructions: You must include the 

agency name and docket number DOT– 

OST–2024–0062 or the Regulatory 

Identification Number (RIN 2105–AF20) 

for the rulemaking at the beginning of 

your comment. All comments received 

will be posted without change to 

https://www.regulations.gov, including 

any personal information provided. 

Privacy Act: Anyone is able to search 

the electronic form of all comments 

received in any of our dockets by the 

name of the individual submitting the 

comment (or signing the comment, if 

submitted on behalf of an association, 

business, labor union, etc.). For 

information on DOT’s compliance with 


lotter on DSK11XQN23PROD with PROPOSALS1