27482 Federal Register / Vol. 87, No. 89 / Monday, May 9, 2022 / Rules and Regulations 

1https://occ.gov/news-issuances/bulletins/2021/ 

bulletin-2021-35.html. 

2 5 U.S.C. 553. 

3 5 U.S.C. 553(b)(B). 

4 5 U.S.C. 553(d). 

5Public Law 106–102, section 722, 113 Stat. 

1338, 1471 (1999). 

6 5 U.S.C. 601 et seq. 

7Under regulations issued by the Small Business 

Administration, as of February 2021, a small entity 

includes a depository institution, bank holding 

company, or savings and loan holding company 

with total assets of $600 million or less and trust 

companies with total assets of $41.5 million or less. 

See 13 CFR 121.201. 

8 2 U.S.C. 1531 et seq. 

permit exposed outdoor use on highspeed flashing circuits, is designed and 

marketed as a sign service lamp, and has 

a maximum rated wattage of 15 watts. 

Silver bowl lamp means a lamp that has 

an opaque reflective coating applied 

directly to part of the bulb surface that 

reflects light toward the lamp base and 

that is designed and marketed as a silver 

bowl lamp. 

* * * * * 

Specialty MR lamp means a lamp that 

has an MR shape as defined in ANSI 

C79.1–2002 (incorporated by reference; 

see § 430.3), a diameter of less than or 

equal to 2.25 inches, a lifetime of less 

than or equal to 300 hours, and that is 

designed and marketed for a specialty 

application. 

* * * * * 

Traffic signal lamp means a lamp that 

is designed and marketed for traffic 

signal applications and has a lifetime of 

8,000 hours or greater. 

* * * * * 

[FR Doc. 2022–09480 Filed 5–6–22; 8:45 am] 

BILLING CODE 6450–01–P 

DEPARTMENT OF TREASURY 

Office of the Comptroller of the 

Currency 

12 CFR Part 14 

[Docket No. OCC–2022–0004] 

RIN 1557–AF16 

Customer Assistance Group Change of 

Mailing Address 

AGENCY: Office of the Comptroller of the 

Currency (OCC), Treasury. 

ACTION: Final rule; technical 

amendment. 

SUMMARY: The OCC is issuing this final 

rule; technical amendment to amend the 

consumer grievance process appendix 

in the Consumer Protection in Sales of 

Insurance regulations by removing an 

outdated mailing address for the OCC’s 

Customer Assistance Group (CAG) and 

replacing it with the current mailing 

address. 

DATES: The final rule is effective May 9, 

2022. 

FOR FURTHER INFORMATION CONTACT: 

Marta Stewart-Bates, Counsel, or 

Graham Bannon, Attorney, 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. 

SUPPLEMENTARY INFORMATION: On August 

5, 2021, the OCC published Bulletin 

2021–35, ‘‘Community Reinvestment 

Act, Fair Housing Act, and Equal Credit 

Opportunity Act: OCC Contact 

Information for Certain Notices and 

Posters,’’ 1 which announced the new 

physical mailing address of the OCC’s 

CAG, ‘‘P.O. Box 53570, Houston, TX 

77052.’’ The previous CAG mailing 

address was 1301 McKinney Street, 

Suite 3450, Houston, Texas 77010–3031. 

The OCC’s regulation in appendix A to 

12 CFR part 14 sets forth a consumer 

grievance process that contains the 

previous mailing address for the OCC’s 

CAG. This final rule amends appendix 

A to 12 CFR part 14 to remove the 

outdated CAG mailing address and 

replace it with the current CAG mailing 

address. 

Administrative Law Matters 

A. Administrative Procedure Act 

The OCC is issuing this final rule 

without prior notice and the 

opportunity for public comment and 

without the 30-day delayed effective 

date ordinarily prescribed by the 

Administrative Procedure Act (APA).2

Pursuant to section 553(b)(B) of the 

APA, general notice and the opportunity 

for public comment are not required 

with respect to a rulemaking when an 

‘‘agency for good cause finds (and 

incorporates the finding and a brief 

statement of reasons therefor in the 

rules issued) that notice and public 

procedure thereon are impracticable, 

unnecessary, or contrary to the public 

interest.’’ 3

The OCC believes that there is good 

cause to issue this final rule without 

notice and public procedure because the 

rule makes a technical change to update 

a physical mailing address for the OCC’s 

CAG and does not alter any substantive 

standard. Therefore, there is good cause 

to dispense with the APA prior notice 

and public comment process because it 

is unnecessary since the change of 

CAG’s address in 12 CFR part 14 is a 

non-substantive, technical amendment 

to the OCC’s rule. 

The APA also requires a 30-day 

delayed effective date, except for (1) 

substantive rules which grant or 

recognize an exemption or relieve a 

restriction; (2) interpretative rules and 

statements of policy; or (3) as otherwise 

provided by the agency for good cause.4

The OCC finds good cause to publish 

this final rule with an immediate 

effective date because, as described 

above, this final rule merely reflects a 

change of address in existing regulations 

and does not alter any substantive 

standard. 

B. Use of Plain Language 

Section 722 of the Gramm-LeachBliley Act 5 requires Federal banking 

agencies to use plain language in all 

proposed and final rules published after 

January 1, 2000. The OCC has sought to 

present this final rule in a simple and 

straightforward manner. 

C. Paperwork Reduction Act Analysis 

In accordance with the requirements 

of the Paperwork Reduction Act of 1995 

(PRA), 44 U.S.C. 3501–3521, the OCC 

may not conduct or sponsor, and a 

respondent is not required to respond 

to, an information collection unless it 

displays a currently-valid Office of 

Management and Budget (OMB) control 

number. The OCC has reviewed this 

final rule and determined that it does 

not introduce a new collection of 

information pursuant to the PRA. 

D. Regulatory Flexibility Act Analysis 

The Regulatory Flexibility Act (RFA) 6

requires an agency to consider whether 

the rules it proposes will have a 

significant economic impact on a 

substantial number of small entities.7

The RFA applies only to rules for which 

an agency publishes a general notice of 

proposed rulemaking pursuant to 5 

U.S.C. 553(b). Consistent with section 

553(b)(B) of the APA, the OCC has 

determined for good cause that general 

notice and opportunity for public 

comment is unnecessary because the 

rule makes a technical change to update 

a physical mailing address for the OCC’s 

CAG and does not alter any substantive 

standard, and, therefore, the OCC is not 

issuing a notice of proposed rulemaking. 

Accordingly, the OCC has concluded 

that the RFA’s requirements relating to 

initial and final regulatory flexibility 

analysis do not apply. 

E. Unfunded Mandates Reform Act of 

1995 

As a general matter, the Unfunded 

Mandates Reform Act of 1995 (UMRA) 8

requires the preparation of a budgetary 

impact statement before promulgating a 


khammond on DSKJM1Z7X2PROD with RULES
Federal Register / Vol. 87, No. 89 / Monday, May 9, 2022 / Rules and Regulations 27483 

9See 2 U.S.C. 1532(a). 

10 12 U.S.C. 4802(a). 

11 5 U.S.C. 801(a)(3). 

12 5 U.S.C. 804(2). 

rule that includes a Federal mandate 

that may result in the expenditure by 

State, local, and tribal governments, in 

the aggregate, or by the private sector, of 

$100 million or more in any one year. 

However, the UMRA does not apply to 

final rules for which a general notice of 

proposed rulemaking was not 

published.9 Consistent with section 

553(b)(B) of the APA, the OCC has 

determined for good cause that general 

notice and opportunity for public 

comment is unnecessary because the 

rule makes a technical change to update 

a physical mailing address for the OCC’s 

CAG and does not alter any substantive 

standard, and, therefore, the OCC is not 

issuing a notice of proposed rulemaking. 

Accordingly, the OCC has not prepared 

an economic analysis of the rule under 

the UMRA. 

F. Riegle Community Development and 

Regulatory Improvement Act of 1994 

Pursuant to section 302(a) of the 

Riegle Community Development and 

Regulatory Improvement Act of 1994,10

in determining the effective date and 

administrative compliance requirements 

for new regulations that impose 

additional reporting, disclosure, or other 

requirements on insured depository 

institutions, the OCC must consider, 

consistent with the principles of safety 

and soundness and the public interest: 

(1) Any administrative burdens that the 

final rule places on depository 

institutions, including small depository 

institutions and customers of depository 

institutions, and (2) the benefits of the 

final rule. This final rule does not 

impose additional reporting, disclosure, 

or other requirements on an insured 

depository institution. Therefore, 

section 302(a) of the Riegle Community 

Development and Regulatory 

Improvement Act of 1994 does not 

apply to this final rule. 

G. The Congressional Review Act 

Before a rule can take effect, the 

Congressional Review Act (CRA), 5 

U.S.C. 801 et seq., provides that the 

OCC must submit to Congress and to the 

Comptroller General the rule along with 

a report indicating whether it is a 

‘‘major rule.’’ In general, if a rule is a 

‘‘major rule,’’ the CRA provides that 

unless Congress enacts a joint resolution 

of disapproval, the rule takes effect the 

later of: (1) 60 Days after Congress 

receives the required report or 

publication of the rule in the Federal 

Register, whichever is later; or (2) the 

date the rule would otherwise take 

effect.11 The CRA defines a ‘‘major rule’’ 

as any rule that the Administrator of the 

Office of Information and Regulatory 

Affairs (OIRA) of the Office of 

Management and Budget finds has 

resulted in or is likely to result in (1) an 

annual effect on the economy of 

$100,000,000 or more; (2) a major 

increase in costs or prices for 

consumers, individual industries, 

Federal, State, or local government 

agencies, or geographic regions, or (3) a 

significant adverse effect on 

competition, employment, investment, 

productivity, innovation, or the ability 

of United States-based enterprises to 

compete with foreign-based enterprises 

in domestic and export markets.12

OIRA has determined that this final 

rule is not a major rule. As required by 

the CRA, the OCC will submit the final 

rule and other appropriate reports to 

Congress and the Government 

Accountability Office for review. 

List of Subjects in 12 CFR Part 14 

Banks, banking, Consumer protection, 

Insurance, National banks, Reporting 

and recordkeeping requirements. 

Office of the Comptroller of the 

Currency 

For the reasons set out in the 

preamble, 12 CFR part 14 is amended as 

follows: 

PART 14—CONSUMER PROTECTION 

IN SALES OF INSURANCE 

■ 1. The authority citation for part 14 

continues to read as follows: 

Authority: 12 U.S.C. 1 et seq., 24(Seventh), 

92, 93a, 1462a, 1463, 1464, 1818, 1831x, and 

5412(b)(2)(B). 

■ 2. Appendix A to part 14 is revised to 

read as follows: 

Appendix A to Part 14—Consumer 

Grievance Process 

Any consumer who believes that any bank, 

Federal savings association, or any other 

person selling, soliciting, advertising, or 

offering insurance products or annuities to 

the consumer at an office of the bank or 

Federal savings association, or on behalf of 

the bank or Federal savings association, has 

violated the requirements of this part should 

contact the Customer Assistance Group, 

Office of the Comptroller of the Currency, 

(800) 613–6743, P.O. Box 53570, Houston, 

TX 77052, or www.helpwithmybank.gov. 

Benjamin W. McDonough, 

Senior Deputy Comptroller and Chief 

Counsel, Office of the Comptroller of the 

Currency. 

[FR Doc. 2022–09860 Filed 5–6–22; 8:45 am] 

BILLING CODE 4810–33–P 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

12 CFR Part 329 

Liquidity Risk Measurement Standards 

CFR Correction 

This rule is being published by the 

Office of the Federal Register to correct 

an editorial or technical error that 

appeared in the most recent annual 

revision of the Code of Federal 

Regulations. 

In Title 12 of the Code of Federal 

Regulations, parts 300 to 346, revised as 

of January 1, 2022, make the following 

corrections: 

§ 329.22 [Corrected] 

■ 1. Amend § 329.22 in paragraphs 

(a)(2) introductory text, (a)(2)(ii), (a)(4), 

and (a)(5), by removing the text ‘‘’’ in its 

place wherever it appears.’’ wherever it 

appears. 

§ 329.40 [Corrected] 

■ 2. Amend § 329.40 in paragraph (a) by 

adding the words ‘‘An FDIC-supervised 

institution’’ to the beginning of the first 

sentence. 

[FR Doc. 2022–09989 Filed 5–6–22; 8:45 am] 

BILLING CODE 0099–10–P 

FARM CREDIT ADMINISTRATION 

12 CFR Parts 611, 615, 620, 621, 628, 

and 630 

RIN 3052–AD36 

Implementation of the Current 

Expected Credit Losses Methodology 

for Allowances, Related Adjustments 

to the Tier 1/Tier 2 Capital Rule, and 

Conforming Amendments 

AGENCY: Farm Credit Administration. 

ACTION: Final rule. 

SUMMARY: The Farm Credit 

Administration (FCA or Agency) is 

amending certain regulations to address 

changes in U.S. generally accepted 

accounting principles (U.S. GAAP). 

These amendments modify FCA’s 

capital and other regulations, including 

certain regulatory disclosure 

requirements. 

DATES: The final rule is effective on 

January 1, 2023. 

FOR FURTHER INFORMATION CONTACT:

Technical information: Ryan Leist, 

LeistR@fca.gov, Associate Director, 

Operations, Management, and 

Accounting Team, Corbin West, WestC@

fca.gov, Policy Analyst (capital 

markets), or Jeremy R. Edelstein, 


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