Federal Register / Vol. 60, No. 79 / Tuesday, April 25, 1995 / Rules and Regulations 20183

household participating longer than two

consecutive, complete months.

Regardless of the issuance schedule

used, the State agency shall adhere to

the reporting requirements specified in

§ 274.4.

(2) Upon the request of the tribal

organization that exercises

governmental jurisdiction over a

reservation, the State agency shall

stagger the issuance of benefits for

eligible households located on

reservations for at least 15 days each

month.

(3) When a participating household is

transferred from one issuance system or

procedure to another issuance system or

procedure, the State agency shall not

permit more than 40 days to elapse

between the last issuance under the

previous system or procedure, and the

first issuance under the new system or

procedure. The 40-day requirement does

not apply to instances in which actions

by recipients, such as failure to submit

a monthly report, disrupt benefits.

Transfers include, but are not limited to,

households being moved into or out of

a staggered issuance procedure,

households on a fluctuating schedule

within a staggered system, and

households being moved from a directmail issuance system to an

authorization document system. If the

State agency determines that more than

40 days may elapse between issuances,

the State agency shall divide the new

issuance into two parts, with one part

being issued within the 40-day period,

and the second part, or supplemental

issuance, being issued on the

household’s established issuance date in

the new system or procedure. The

supplemental issuance cannot provide

the household more benefits than the

household is entitled to receive.

* * * * *

(g) Issuance in rural areas. State

agencies shall use direct-mail issuance

in any rural areas where the State

agency determines that recipients face

substantial difficulties in obtaining

transportation in order to obtain their

food stamp benefits by methods other

than direct-mail issuance. Exceptions

shall be made for households which

have exceeded the two allowable

reported losses within a six-month

period and replacements set forth in

§ 274.6 (b) and (g), and direct-mail

issuance is not required in those

localities where the direct mail loss

rates exceed, or are likely to exceed,

standards set by the Secretary at

§ 276.2(b) of this chapter. The State

agency shall:

(1) Submit an attachment to the State

Plan of Operation (§ 272.2(d)(1)(xi) of

this chapter) which describes the State’s

exemption from this requirement,

because the State agency uses directmail issuance throughout the State, or

(2) Submit an attachment to the State

Plan of Operation (§ 272.2(d)(1)(xi) of

this chapter) which describes:

(i) The areas designated by the State

agency as rural;

(ii) The rural areas where direct-mail

issuance will not be used because:

(A) Recipients do not face substantial

difficulties in obtaining transportation

to obtain their benefits, and/or;

(B) Direct-mail issuance losses exceed

the loss tolerance levels, or there is

evidence which indicates that directmail issuance, if used, would produce

losses which would exceed the loss

tolerance levels established under

§ 276.2(b)(4) of this chapter.

(iii) The State agency’s criteria for

designating an area as rural. Such

criteria may include, but are not limited

to: the use of the Bureau of the Census

definition; the distances that recipients

may need to travel to reach an issuance

office; or, other criteria described by the

State agency.

(iv) The State agency’s minimum

criteria for determining that recipients

in an area designated as rural do not

face substantial difficulties in obtaining

transportation to obtain their benefits.

(v) The State agency’s schedule for

introducing direct-mail issuance into

any rural areas requiring direct-mail

issuance because of substantial

transportation problems.

5. In § 274.3, paragraph (e)(1) is

revised to read as follows:

§ 274.3 Issuance systems.

* * * * *

(e) Validity periods. (1) State agencies

shall establish validity periods for

issuances made in both authorization

document and direct access systems. A

validity period is the time frame during

which a household may obtain benefits

by transacting an authorization

document, or receiving the benefits

directly at an issuance point. Generally,

the validity period coincides with the

issuance month or the period of

intended use, which may or may not be

a calendar month. However, in

instances in which authorization

documents are distributed, or benefits

become available for ongoing

households late in the issuance month,

the State agency shall extend the

validity or availability period for either

twenty (20) additional days, or until the

end of the following issuance month, at

the State agency’s option. The State

agency may also choose one of two

dates which will initiate this extension

of the validity or availability period.

The State agency may choose to extend

the period for authorization documents

distributed or for benefits made

available, on or after the 20th day of the

issuance month or after the 15th day of

the issuance month. Whichever date the

State agency chooses to initiate the

required extension, the State agency

must use the date consistently for all

extensions in this category. A household

which does not transact its

authorization document, or obtain the

benefits directly from an issuance point

during the issuance’s validity period,

shall lose its entitlement to the benefits,

and the State agency shall not issue

benefits to such a household for such a

period.

* * * * *

6. In § 274.11, the section heading, the

heading and introductory text of

paragraph (a), and paragraph (a)(1) are

revised to read as follows:

§ 274.11 Issuance and inventory record

retention, and forms security.

(a) Availability of records. The State

agency shall maintain issuance,

inventory, reconciliation, and other

accountability records for a period of

three years as specified in § 272.1(f) of

this chapter. This period may be

extended at the written request of FNS.

(1) Issuance, inventory, reconciliation,

and other accountability records shall

include all Agency, State, and local

forms involved in the State agency’s

receipt, storage, handling, issuance, and

destruction of coupons completed by

contract agents or any other individuals

or entities involved in issuance or

inventory, as well as those completed by

the State agency.

* * * * *

Dated: April 11, 1995.

Ellen Haas,

Under Secretary for Food, Nutrition, and

Consumer Services.

[FR Doc. 95–10091 Filed 4–24–95; 8:45 am]

BILLING CODE 3410–30–U

NUCLEAR REGULATORY

COMMISSION

10 CFR Part 20

RIN 3150–AA38

Standards for Protection Against

Radiation; Clarification

AGENCY: Nuclear Regulatory

Commission.

ACTION: Final rule; clarification.

SUMMARY: A final rule was published in

the Federal Register on December 22,

1993 (58 FR 67657) that made a number
20184 Federal Register / Vol. 60, No. 79 / Tuesday, April 25, 1995 / Rules and Regulations

of conforming amendments to the NRC’s

standards for protection against

radiation. References to the former 10

CFR Part 20 were removed from the

revised Part 20, and, in that process,

certain requirements not intended to be

removed were inadvertently deleted.

This final rule reinstates those

requirements to retain records generated

under the previously existing provisions

of Part 20 which were intended to

remain in effect.

EFFECTIVE DATE: April 25, 1995.

FOR FURTHER INFORMATION CONTACT:

Mary L. Thomas or Jayne M.

McCausland, Office of Nuclear

Regulatory Research, U.S. Nuclear

Regulatory Commission, Washington,

DC 20555–0001, telephone (301) 415–

6230 or 415–6219, email

MLT1@NRC.GOV or JMM2@NRC.GOV.

SUPPLEMENTARY INFORMATION: On May

21, 1991 (56 FR 23360), the Nuclear

Regulatory Commission (NRC)

published its revised standards for

protection against radiation (10 CFR

20.1001–20.2401 and the associated

appendices). The revised standards for

protection against radiation

incorporated scientific information and

reflected changes in the basic

philosophy of radiation protection that

had occurred since the promulgation of

the original regulations. The revisions

conformed the Commission’s

regulations to the ‘‘Presidential

Radiation Protection Guidance to

Federal Agencies for Occupational

Exposure’’ and to recommendations of

national and international radiation

protection organizations. The revised

standards for protection against

radiation became effective on June 20,

1991. However, NRC licensees were

permitted to defer the mandatory

implementation of these regulations

until January 1, 1994.

On December 22, 1993 (58 FR 67657),

the NRC published a final rule, effective

on January 1, 1994, that removed or

modified a number of provisions to

reflect the effective date for NRC’s

revised standards for radiation

protection. It has been determined that

several requirements, scheduled for

removal or modification by the

December 22, 1993 rulemaking, should

not have been removed or modified

because they have continuing effect

beyond the January 1, 1994, effective

date for 10 CFR Part 20. Accordingly,

the current action restores those

requirements that were incorrectly

modified or removed by the December

22, 1993, rulemaking.

Specifically, this action is necessary

to clarify the Commission’s intent in 10

CFR Part 20 to require that licensees

continue to retain the following records

until the Commission terminates the

pertinent license:

(1) Records of surveys which were

required by the formerly applicable

§ 20.401(c)(2) (i), (ii), and (iii), such as

records of the results of surveys to

determine the external radiation dose in

the absence of personnel monitoring

data to ensure compliance with NRC

regulations concerning the

concentrations of radioactive materials

in air (formerly applicable 10 CFR Part

20 Appendix B), and records of the

results of surveys used to evaluate the

release of radioactive effluents to the

environment;

(2) Records used in the preparation of

NRC Form 4, such as records of the

individual’s occupational exposure from

former employers which were required

by the formerly applicable

§ 20.102(c)(2);

(3) Waste shipment manifests and

documentation of acknowledgement of

receipt which were required by the

formerly applicable §§ 20.311(d)(7),

(e)(5), (f)(8), and (g)(2);

(4) Records of radiation monitoring

which were required by the formerly

applicable § 20.401(c)(1);

(5) Records of disposal into sanitary

sewers, by land burial, and other

approved disposals which were

required by the formerly applicable

§ 20.401(c)(3).

2. In addition, this action is necessary

to correct the reference to ‘‘appendices

A, B, C, D, or F to §§ 20.1001–20.2401’’

to read ‘‘appendices B, C, D, or F to part

20’’ in § 20.1201 (d) and (e),

§ 20.1204(c)(3), (e)(i), and (h)(2),

§ 20.1302 (b)(2)(i) and (c),

§ 20.1502(b)(1), § 20.1703 (b)(1), (b)(2),

and (d), § 20.1704, § 20.1902(e),

§ 20.1905 (a) and (b), § 20.1906(d),

§ 20.2003 (a)(2) and (a)(3)(i), § 20.2006

(a), (b), (c), and (d), § 20.2201 (a)(i),

(a)(ii), and (b)(2)(ii), § 20.2203(d), and

§ 20.2204.

3. To be consistent with the ALARA

definition found in § 20.1003, the word

‘‘practicable’’ is changed to read

‘‘practical’’ in §§ 20.1701, 20.1702,

20.1906(c), and Appendix F to Part 20.

4. Finally, in Appendix C to 10 CFR

Part 20, Quantities of licensed material

requiring labeling, the quantity for

Carbon-14 is corrected to read ‘‘100’’

rather than ‘‘1000.’’ This change corrects

a typographical error.

These amendments are corrective in

nature, restore provisions inadvertently

deleted in prior amendments, and

correct reference and typographical

errors found in the aforementioned

sections of the revised 10 CFR part 20

(December 22, 1993; 58 FR 67657).

Because the opportunity for public

comment was previously provided for

the changes which formed the basis for

the December 22, 1993, amendments

(May 21, 1991; 56 FR 23360 and August

26, 1992; 57 FR 38588), and because the

proposed changes are minor corrective

amendments, the NRC has determined

that good cause exists to dispense with

the notice and comment provisions of

the Administrative Procedures Act

(APA) pursuant to 5 U.S.C. 553(b)(B).

For the same reasons, the NRC has

determined that good cause exists to

waive the 30-day deferred effective date

provisions of the APA (5 U.S.C. 553(d)).

Enforcement

During the interim period from

January 1, 1994 to the present, there has

been no explicit requirement that

licensees retain the five categories of

records addressed in this rule that were

required under the old Part 20.

Therefore, a violation will not be cited

in any case in which a licensee

discarded the records during this

period. In the case of a licensee that

retained any of the five categories of

records but discards those records after

the effective date of this rulemaking, a

violation may be cited in accordance

with the NRC Enforcement Policy.

Environmental Impact: Categorical

Exclusion

The NRC has determined that this

rule is the type of action described in

categorical exclusion 51.22(c)(2).

Therefore, neither an environmental

impact statement nor an environmental

assessment has been prepared for this

final rule.

Paperwork Reduction Act Statement

This final rule does not contain a new

or amended information collection

requirement subject to the Paperwork

Reduction Act of 1980 (44 U.S.C. 3501

et seq.). Existing requirements were

approved by the Office of Management

and Budget, approval number 3150–

0014.

Regulatory Analysis

This final rule is administrative in

that it reinstates provisions

inadvertently removed from the text of

an existing regulation and corrects

errors found in the revised 10 CFR Part

20. These amendments will not have a

significant impact. Therefore, the NRC

has not prepared a separate regulatory

analysis for this final rule. The final

regulatory analysis for the May 21, 1991,

final rule examined the costs and

benefits of the alternatives considered

by the Commission in developing the

revised standards for protection against

radiation and is available for inspection
Federal Register / Vol. 60, No. 79 / Tuesday, April 25, 1995 / Rules and Regulations 20185

in the NRC Public Document Room,

2120 L Street NW (Lower Level),

Washington, DC 20037.

Backfit Analysis

The NRC has determined that the

backfit rule, 10 CFR 50.109, does not

apply to this final rule and, therefore,

that a backfit analysis is not required for

this final rule because these

amendments do not involve any

provision that would impose backfits as

defined in 10 CFR 50.109(a)(1).

List of Subjects in 10 CFR Part 20

Byproduct material, Criminal

penalties, Licensed material, Nuclear

materials, Nuclear power plants and

reactors, Occupational safety and

health, Packaging and containers,

Radiation protection, Reporting and

recordkeeping requirements, Special

nuclear material, Source material, Waste

treatment and disposal.

For the reasons set out in the

preamble and under the authority of the

Atomic Energy Act of 1954, as amended;

the Energy Reorganization Act of 1974,

as amended; and 5 U.S.C. 552 and 553

the NRC is adopting the following

amendments to 10 CFR Part 20.

PART 20—STANDARDS FOR

PROTECTION AGAINST RADIATION

1. The authority citation for Part 20

continues to read as follows:

Authority: Secs. 53, 63, 65, 81, 103, 104,

161, 182, 186, 68 Stat. 930, 933, 935, 936,

937, 948, 953, 955, as amended (2 U.S.C.

2073, 2093, 2095, 2111, 2133, 2134, 2201,

2232, 2236), secs. 201, as amended, 202, 206,

88 Stat. 1242, as amended, 1244, 1246 (42

U.S.C. 5841, 5842, 5846).

§ 20.1201 [Amended]

2. In § 20.1201, paragraphs (d) and (e)

are amended by correcting the reference

to ‘‘Appendix B to §§ 20.1001–20.2401’’

to read ‘‘Appendix B to Part 20.’’

§ 20.1203 [Amended]

3. Section 20.1203 is amended by

correcting the reference to ‘‘Appendix B

to §§ 20.1001–20.2401’’ to read

‘‘Appendix B to Part 20.’’

§ 20.1204 [Amended]

4. In § 20.1204, paragraphs (c)(3),

(e)(1), and (h)(2) are amended by

correcting the reference to ‘‘Appendix B

to §§ 20.1001–20.2401’’ to read

‘‘Appendix B to Part 20.’’

§ 20.1302 [Amended]

5. In § 20.1302, paragraphs (b)(2)(i)

and (c) are amended by correcting the

reference to ‘‘Appendix B to §§ 20.1001–

20.2401’’ to read ‘‘Appendix B to Part

20.’’

§ 20.1502 [Amended]

6. In § 20.1502, paragraph (b)(1) is

amended by correcting the reference to

‘‘Appendix B to §§ 20.1001–20.2401’’ to

read ‘‘Appendix B to Part 20.’’

§ 20.1701 [Amended]

7. Section 20.1701 is amended by

deleting the word ‘‘practicable’’ and

replacing it with the word ‘‘practical.’’

§ 20.1702 [Amended]

8. Section 20.1702 is amended by

deleting the word ‘‘practicable’’ and

replacing it with the word ‘‘practical.’’

9. In § 20.1703, paragraph (b)(1), the

introductory text of paragraph (b)(2),

and paragraph (d) are revised to read as

follows:

§ 20.1703 Use of individual respiratory

protection equipment.

* * * * *

(b) * * *

(1) The licensee selects respiratory

protection equipment that provides a

protection factor (see Appendix A, Part

20) greater than the multiple by which

peak concentrations of airborne

radioactive materials in the working

area are expected to exceed the values

specified in Appendix B to Part 20,

Table 1, column 3. If the selection of a

respiratory protection device with a

protection factor greater than the

multiple defined in the preceding

sentence is inconsistent with the goal

specified in § 20.1702 of keeping the

total effective dose equivalent ALARA,

the licensee may select respiratory

protection equipment with a lower

protection factor only if such a selection

would result in keeping the total

effective dose equivalent ALARA. The

concentration of radioactive material in

the air that is inhaled when respirators

are worn may be initially estimated by

dividing the average concentration in

air, during each period of uninterrupted

use, by the protection factor. If the

exposure is later found to be greater

than estimated, the corrected value must

be used; if the exposure is later found

to be less than estimated, the corrected

value may be used.

(2) The licensee shall obtain

authorization from the Commission

before assigning respiratory protection

factors in excess of those specified in

Appendix A to Part 20. The Commission

may authorize a licensee to use higher

protection factors on receipt of an

application that—

* * * * *

(d) The licensee shall notify, in

writing, the Regional Administrator of

the appropriate NRC Regional Office

listed in Appendix D to Part 20 at least

30 days before the date that respiratory

protection equipment is first used under

the provisions of either § 20.1703 (a) or

(b).

§ 20.1704 [Amended]

10. The introductory paragraph of

§ 20.1704 is amended by correcting the

reference to ‘‘Appendix A to

§§ 20.1001–20.2401’’ to read ‘‘Appendix

A to Part 20.’’

§ 20.1902 [Amended]

11. In § 20.1902, paragraph (e) is

amended by correcting the reference to

‘‘Appendix C to §§ 20.1001–20.2401’’ to

read ‘‘Appendix C to Part 20.’’

§ 20.1905 [Amended]

12. In § 20.1905, paragraph (a) is

amended by correcting the reference to

‘‘Appendix C to §§ 20.1001–20.2401’’ to

read ‘‘Appendix C to Part 20’’ and

paragraph (b) is amended by correcting

the reference to ‘‘Appendix B to

§§ 20.1001–20.2401’’ to read ‘‘Appendix

B to Part 20.’’

§ 20.1906 [Amended]

13. In § 20.1906, paragraph (c) is

amended by deleting the word

‘‘practicable’’ and replacing it with the

word ‘‘practical,’’ and the introductory

text of paragraph (d) is amended by

correcting the reference to ‘‘Appendix D

to §§ 20.1001–20.2401’’ to read

‘‘Appendix D to Part 20.’’

§ 20.2003 [Amended]

14. In § 20.2003, paragraphs (a)(2) and

(a)(3)(i) are amended by correcting the

reference to ‘‘Appendix B to §§ 20.1001–

20.2401’’ to read ‘‘Appendix B to Part

20.’’

§ 20.2006 [Amended]

15. In § 20.2006, paragraphs (a), (b),

(c), and (d) are amended by correcting

the reference to ‘‘Appendix F to

§§ 20.1001–20.2401’’ to read ‘‘Appendix

F to Part 20.’’

16. In § 20.2103, paragraphs (b)(1),

(b)(2), (b)(3), and (b)(4) are revised to

read as follows:

§ 20.2103 Records of surveys.

* * * * *

(b) * * *

(1) Records of the results of surveys to

determine the dose from external

sources and used, in the absence of or

in combination with individual

monitoring data, in the assessment of

individual dose equivalents. This

includes those records of results of

surveys to determine the dose from

external sources and used, in the

absence of or in combination with

individual monitoring data, in the

assessment of individual dose

equivalents required under the
20186 Federal Register / Vol. 60, No. 79 / Tuesday, April 25, 1995 / Rules and Regulations

standards for protection against

radiation in effect prior to January 1,

1994; and

(2) Records of the results of

measurements and calculations used to

determine individual intakes of

radioactive material and used in the

assessment of internal dose. This

includes those records of the results of

measurements and calculations used to

determine individual intakes of

radioactive material and used in the

assessment of internal dose required

under the standards for protection

against radiation in effect prior to

January 1, 1994; and

(3) Records showing the results of air

sampling, surveys, and bioassays

required pursuant to § 20.1703(a)(3) (i)

and (ii). This includes those records

showing the results of air sampling,

surveys, and bioassays required under

the standards for protection against

radiation in effect prior to January 1,

1994; and

(4) Records of the results of

measurements and calculations used to

evaluate the release of radioactive

effluents to the environment. This

includes those records of the results of

measurements and calculations used to

evaluate the release of radioactive

effluents to the environment required

under the standards for protection

against radiation in effect prior to

January 1, 1994.

17. In § 20.2104, paragraph (f) is

revised to read as follows:

§ 20.2104 Determination of prior

occupational dose.

* * * * *

(f) The licensee shall retain the

records on NRC Form 4 or equivalent

until the Commission terminates each

pertinent license requiring this record.

The licensee shall retain records used in

preparing NRC Form 4 for 3 years after

the record is made. This includes

records required under the standards for

protection against radiation in effect

prior to January 1, 1994.

18. In § 20.2106, paragraph (f) is

revised to read as follows:

§ 20.2106 Records of individual monitoring

results.

* * * * *

(f) The licensee shall retain the

required form or record until the

Commission terminates each pertinent

license requiring this record. This

includes records required under the

standards for protection against

radiation in effect prior to January 1,

1994.

19. In § 20.2108, paragraph (b) is

revised to read as follows:

§ 20.2108 Records of waste disposal.

* * * * *

(b) The licensee shall retain the

records required by paragraph (a) of this

section until the Commission terminates

each pertinent license requiring this

record. This includes records required

under the standards for protection

against radiation in effect prior to

January 1, 1994.

§ 20.2201 [Amended]

20. In § 20.2201, paragraphs (a)(1) (i)

and (ii), are amended by correcting the

reference to ‘‘Appendix C to §§ 20.1001–

20.2401’’ to read ‘‘Appendix C to Part

20,’’ and paragraph (b)(2)(ii) is amended

by correcting the reference to

‘‘Appendix D to §§ 20.1001–20.2401’’ to

read ‘‘Appendix D to Part 20.’’

§ 20.2203 [Amended]

21. In § 20.2203, paragraph (d) is

amended by correcting the reference to

‘‘Appendix D to §§ 20.1001–20.2401’’ to

read ‘‘Appendix D to Part 20.’’

§ 20.2204 [Amended]

22. Section 20.2204 is amended by

correcting the reference to ‘‘Appendix D

to §§ 20.1001–20.2401’’ to read

‘‘Appendix D to Part 20.’’

23. In Appendix C, the quantity for

Carbon-14 is revised to read as follows:

Appendix C to Part 20—Quantities of

Licensed Material Requiring Labeling

* * * * *

APPENDIX C TO PART 20—QUANTITIES

OF LICENSED MATERIAL REQUIRING

LABELING

Radionuclide Quantity

(μCi)

Carbon-14 ................................. 100

* * * * *

Appendix F to part 20 [Amended]

24. In Appendix F, paragraph I,

Manifest is amended by deleting the

word ‘‘practicable’’ and replacing it

with the word ‘‘practical,’’ and

paragraphs III(A)(7), (B)(5), (C)(8), and

(D)(2) are revised to read as follows:

III. Control and Tracking

(A) * * *

(7) Retain a copy of the manifest and

documentation of acknowledgement of

receipt as the record of transfer of

licensed material as required by parts

30, 40, and 70 of this chapter. This

includes those manifests and documents

required under the standards for

protection against radiation in effect

prior to January 1, 1994; and

* * * * *

(B) * * *

(5) Retain a copy of the manifest and

documentation of acknowledgement of

receipt as the record of transfer of

licensed material as required by parts

30, 40, and 70 of this chapter, and retain

information from generator manifest

until the license is terminated. This

includes those manifests and documents

of acknowledgement of receipt required

under the standards for protection

against radiation in effect prior to

January 1, 1994; and

* * * * *

(C) * * *

(8) Retain copies of original manifests

and new manifests and documentation

of acknowledgement of receipt as the

record of transfer of licensed material as

required by parts 30, 40, and 70 of this

chapter. This includes those manifests

and documents of acknowledgement of

receipt required under the standards for

protection against radiation in effect

prior to January 1, 1994; and

* * * * *

(D) * * *

(2) Maintain copies of all completed

manifests or equivalent documentation

until the license is terminated. This

includes those manifests or equivalent

documents required under the standards

for protection against radiation in effect

prior to January 1, 1994; and

* * * * *

Dated at Rockville, Maryland, this 11th day

of April 1995.

For the Nuclear Regulatory Commission.

James L. Milhoan,

Acting Executive Director for Operations.

[FR Doc. 95–10123 Filed 4–24–95; 8:45 am]

BILLING CODE 7590–01–P

FEDERAL RESERVE SYSTEM

12 CFR Part 225

[Regulation Y; Docket No. R–0851]

Revisions Regarding Tying

Restrictions

AGENCY: Board of Governors of the

Federal Reserve System.

ACTION: Final rule.

SUMMARY: The Board is adopting a

regulatory ‘‘safe harbor’’ from the antitying restrictions of section 106 of the

Bank Holding Company Act

Amendments of 1970 and the Board’s

Regulation Y. The safe harbor permits

any bank or nonbank subsidiary of a

bank holding company to offer a

‘‘combined-balance discount’’—that is, a

discount based on a customer

maintaining a combined minimum