34644 Federal Register / Vol. 86, No. 123 / Wednesday, June 30, 2021 / Proposed Rules 

correspondence containing comments, 

and any documents submitted with the 

comments. 

Do not submit to www.regulations.gov 

information for which disclosure is 

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Confidential Business Information 

(‘‘CBI’’)). Comments submitted through 

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the information submitted. For 

information on submitting CBI, see the 

Confidential Business Information 

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Confidential Business Information. 

According to 10 CFR 1004.11, any 

person submitting information that he 

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should submit via email two wellmarked copies: One copy of the 

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Dehumidifier2019TP0026@ee.doe.gov. 

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It is DOE’s policy that all comments 

may be included in the public docket, 

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DOE considers public participation to 

be a very important part of the process 

for developing test procedures and 

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actively encourages the participation 

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ee.doe.gov. 

Signing Authority 

This document of the Department of 

Energy was signed on June 25, 2021, by 

Kelly Speakes-Backman, Principal 

Deputy Assistant Secretary and Acting 

Assistant Secretary for Energy Efficiency 

and Renewable Energy, pursuant to 

delegated authority from the Secretary 

of Energy. That document with the 

original signature and date is 

maintained by DOE. For administrative 

purposes only, and in compliance with 

requirements of the Office of the Federal 

Register, the undersigned DOE Federal 

Register Liaison Officer has been 

authorized to sign and submit the 

document in electronic format for 

publication, as an official document of 

the Department of Energy. This 

administrative process in no way alters 

the legal effect of this document upon 

publication in the Federal Register. 

Signed in Washington, DC, on June 25, 

2021. 

Treena V. Garrett, 

Federal Register Liaison Officer, U.S. 

Department of Energy. 

[FR Doc. 2021–13982 Filed 6–29–21; 8:45 am] 

BILLING CODE 6450–01–P 

FEDERAL RESERVE SYSTEM 

12 CFR Part 235 

[Regulation II; Docket No. R–1748] 

RIN 7100–AG15 

Debit Card Interchange Fees and 

Routing 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice of proposed rulemaking; 

extension of comment period. 

SUMMARY: On May 13, 2021, the Board 

of Governors of the Federal Reserve 

System (Board) published in the Federal 

Register a proposal to amend Regulation 

II to clarify that the requirement that 

each debit card transaction must be able 

to be processed on at least two 

unaffiliated payment card networks 

applies to card-not-present transactions, 

clarify the requirements that Regulation 

II imposes on debit card issuers to 

ensure that at least two unaffiliated 

payment card networks have been 

enabled for debit card transactions, and 

standardize and clarify the use of 

certain terminology. The proposal 

provided for a comment period ending 

on July 12, 2021. The Board is extending 

the comment period for 30 days, until 

August 11, 2021. 

DATES: The comment period for the 

notice of proposed rulemaking 

published on May 13, 2021 (86 FR 

26189), is extended. Comments must be 

received by August 11, 2021. 

ADDRESSES: You may submit comments 

by any of the methods identified in the 

proposal. 

FOR FURTHER INFORMATION CONTACT: Jess 

Cheng, Senior Counsel (202–452–2309), 

Legal Division; or Krzysztof Wozniak, 

Manager (202–452–3878), Elena 

Falcettoni, Economist (202–452–2528), 

or Larkin Turman, Financial Institution 

and Policy Analyst (202–452–2388), 

Division of Reserve Bank Operations 

and Payment Systems. Users of 

Telecommunication Device for Deaf 

(TDD) only, call (202) 263–4869. 

SUPPLEMENTARY INFORMATION: On May 

13, 2021, the Board of Governors of the 

Federal Reserve System (Board) 

published in the Federal Register a 

proposal to amend Regulation II to 


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Federal Register / Vol. 86, No. 123 / Wednesday, June 30, 2021 / Proposed Rules 34645 

1 86 FR 26189 (May 13, 2021). 

1The Federal banking regulatory agencies include 

the Office of the Comptroller of the Currency, Board 

of Governors of the Federal Reserve System 

(hereafter Federal Reserve Board), and the Federal 

Deposit Insurance Corporation. See ‘‘Liquidity 

Coverage Ratio: Liquidity Risk Measurement 

Standards,’’ 79 FR 61440 (October 10, 2014) and 

‘‘Net Stable Funding Ratio: Liquidity Risk 

Measurement Standards and Disclosure 

Requirements,’’ 86 FR 9120 (February 11, 2021). 

2Basel III was published in December 2010 and 

revised in June 2011. The text is available at http:// 

www.bis.org/publ/bcbs189.htm. The BCBS was 

established in 1974 by central banks with bank 

supervisory authorities in major industrial 

countries. The BCBS develops banking guidelines 

and recommends them for adoption by member 

countries and others. BCBS documents are available 

at https://www.bis.org/. The FCA does not have 

representation on the Basel Committee, as do the 

FBRAs, and is not required by law to follow the 

Basel standards. The Basel III Liquidity Coverage 

Ratio and liquidity risk monitoring tools document 

was published in January 2013 and the Net stable 

funding ratio document was published in October 

2014. 

clarify that the requirement that each 

debit card transaction must be able to be 

processed on at least two unaffiliated 

payment card networks applies to cardnot-present transactions, clarify the 

requirements that Regulation II imposes 

on debit card issuers to ensure that at 

least two unaffiliated payment card 

networks have been enabled for debit 

card transactions, and standardize and 

clarify the use of certain terminology.1

The proposal provided for a comment 

period ending on July 12, 2021. Since 

the publication of the proposal, the 

Board has received comments 

requesting a 30-day extension of the 

comment period. An extension of the 

comment period will provide additional 

opportunity for interested parties to 

analyze the proposal and prepare and 

submit comments. Therefore, the Board 

is extending the end of the comment 

period for the proposal from July 12, 

2021 to August 11, 2021. 

By order of the Board of Governors of the 

Federal Reserve System, acting through the 

Secretary of the Board under delegated 

authority. 

Ann E. Misback, 

Secretary of the Board. 

[FR Doc. 2021–13533 Filed 6–29–21; 8:45 am] 

BILLING CODE P 

FARM CREDIT ADMINISTRATION 

12 CFR Part 615 

RIN 3052–AD44 

Bank Liquidity Reserve 

AGENCY: Farm Credit Administration. 

ACTION: Advance notice of proposed 

rulemaking. 

SUMMARY: The Farm Credit 

Administration (FCA, we, our) is 

contemplating revising its liquidity 

regulations so Farm Credit System (FCS 

or System) banks can better withstand 

crises that adversely impact liquidity 

and pose a risk to their viability. FCA 

is considering whether to amend our 

existing liquidity regulatory framework. 

We are seeking comments from the 

public on how to amend or restructure 

our liquidity regulations. 

DATES: Please send us your comments 

on or before September 28, 2021. 

ADDRESSES: For accuracy and efficiency 

reasons, please submit comments by 

email or through FCA’s website. We do 

not accept comments submitted by 

facsimiles (fax), as faxes are difficult for 

us to process and achieve compliance 

with section 508 of the Rehabilitation 

Act of 1973. Please do not submit your 

comment multiple times via different 

methods. You may submit comments by 

any of the following methods: 

• Email: Send us an email at regcomm@fca.gov. 

• FCA website: http://www.fca.gov. 

Click inside the ‘‘I want to . . .’’ field 

near the top of the page; select 

‘‘comment on a pending regulation’’ 

from the dropdown menu; and click 

‘‘Go.’’ This takes you to an electronic 

public comment form. 

• Mail: Kevin J. Kramp, Director, 

Office of Regulatory Policy, Farm Credit 

Administration, 1501 Farm Credit Drive, 

McLean, VA 22102–5090. 

You may review copies of comments 

we receive on our website at http://

www.fca.gov. Once you are on the 

website, click inside the ‘‘I want to 

. . .’’ field near the top of the page; 

select ‘‘find comments on a pending 

regulation’’ from the dropdown menu; 

and click ‘‘Go.’’ This will take you to the 

Comment Letters page where you can 

select the regulation for which you 

would like to read the public comments. 

We will show your comments as 

submitted, including any supporting 

data provided, but for technical reasons 

we may omit items such as logos and 

special characters. Identifying 

information that you provide, such as 

phone numbers and addresses, will be 

publicly available. However, we will 

attempt to remove email addresses to 

help reduce internet spam. You may 

also review comments at our office in 

McLean, Virginia. Please call us at (703) 

883–4056 or email us at reg-comm@

fca.gov to make an appointment. 

FOR FURTHER INFORMATION CONTACT:

Technical information: Ryan Leist, 

LeistR@fca.gov, Senior Accountant, or 

Jeremy R. Edelstein, EdelsteinJ@fca.gov, 

Associate Director, Finance and Capital 

Markets Team, Office of Regulatory 

Policy, Farm Credit Administration, 

McLean, VA 22102–5090, (703) 883– 

4414, TTY (703) 883–4056, or 

ORPMailbox@fca.gov; 

or 

Legal information: Richard Katz, 

KatzR@fca.gov, Senior Counsel, Office 

of General Counsel, Farm Credit 

Administration, McLean, VA 22102– 

5090, (703) 883–4020, TTY (703) 883– 

4056. 

SUPPLEMENTARY INFORMATION: 

Table of Contents 

I. Introduction 

A. Objectives of the Advance Notice of 

Proposed Rulemaking 

B. Background on System Liquidity 

II. Recent Updates to System Liquidity 

Regulations 

III. Potential Areas for Improvement 

IV. Request for Comments 

A. Existing FCA Liquidity Regulations 

B. Applicability of the Liquidity Coverage 

Ratio and Net Stable Funding Ratio 

C. Other Comments Requested 

I. Introduction 

A. Objectives of the Advance Notice of 

Proposed Rulemaking 

FCA’s purpose in this Advance Notice 

of Proposed Rulemaking is to gather 

public input to: 

• Ensure that each FCS bank operates 

under a comprehensive liquidity 

framework, so it consistently maintains 

adequate liquidity to cover all of its 

potential obligations, including 

unfunded commitments and other 

material contingent liabilities, under 

stressful conditions; 

• Assess if, and to what extent, the 

Basel III International framework for 

liquidity risk measurement, standards 

and monitoring (hereafter ‘‘Basel III 

Liquidity Framework’’), issued by the 

Basel Committee on Banking 

Supervision (BCBS), and regulations of 

the Federal banking regulatory agencies 

(FRBAs) implementing this framework 

for banking organizations should 

influence revisions to FCA’s existing 

liquidity framework; 1

• Determine if the Basel III Liquidity 

Framework is appropriate for FCS 

banks, and evaluate the impacts of 

augmenting FCA’s existing liquidity 

framework to incorporate appropriate 

aspects of the Basel III Liquidity 

Framework and the FBRAs’ 

implementation of the framework; 2 and 

• Determine the respective costs and 

benefits of updating FCA’s liquidity 

framework for FCS banks. 

B. Background on System Liquidity 

In 1916, Congress created the System 

to provide permanent, stable, affordable, 


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