This section of the FEDERAL REGISTER

contains regulatory documents having general

applicability and legal effect, most of which

are keyed to and codified in the Code of

Federal Regulations, which is published under

50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by

the Superintendent of Documents. Prices of

new books are listed in the first FEDERAL

REGISTER issue of each week.

Rules and Regulations Federal Register

66713

Vol. 60, No. 247

Tuesday, December 26, 1995

DEPARTMENT OF AGRICULTURE

Office of the Secretary

7 CFR Part 2

Revision of Delegations of Authority

AGENCY: Department of Agriculture.

ACTION: Final rule.

SUMMARY: This document revises the

delegations of authority from the

Secretary of Agriculture and general

officers of the Department to change the

names of the Rural Housing and

Community Development Service and

the Rural Business and Cooperative

Development Service.

EFFECTIVE DATE: December 26, 1995.

FOR FURTHER INFORMATION CONTACT:

Robert L. Siegler, Deputy Assistant

General Counsel, Research and

Operations Division, Office of the

General Counsel, Department of

Agriculture, Room 2321–S, Washington,

DC 20250, telephone 202–720–6035.

SUPPLEMENTARY INFORMATION: On

November 8, 1995, USDA published in

the Federal Register (60 FR 56392–

56465) a revision of the delegations of

authority appearing in 7 CFR part 2 due

to a reorganization of the department.

The revised delegations effectuated the

Federal Crop Insurance Reform and

Department of Agriculture

Reorganization Act of 1994, Public Law

103–354. The Act permits the Secretary

to reorganize the Department of

Agriculture. The Act authorized the

establishment of subcabinet positions

and the restructuring of agencies and

offices of the Department of Agriculture.

The Secretary established the Rural

Housing and Community Development

Service and the Rural Business and

Cooperative Development Service. It has

been determined that public confusion

exists with regard to the two agency

names, and that the names are long and

cumbersome. Accordingly, the Secretary

has determined to change the agency

names from the Rural Housing and

Community Development Service to the

Rural Housing Service, and the Rural

Business and Cooperative Development

Service to the Rural BusinessCooperative Service. The functions and

responsibilities of the two agencies will

remain the same. Accordingly, 7 CFR

part 2 is revised as set forth below.

List of Subjects in 7 CFR Part 2

Authority delegations (Government

agencies).

PART 2—DELEGATIONS OF

AUTHORITY BY THE SECRETARY OF

AGRICULTURE AND GENERAL

OFFICERS OF THE DEPARTMENT

1. The authority citation for part 2 is

revised to read as follows:

Authority: Sec. 212(a), Pub. L. 103–354,

108 Stat. 3210, 7 U.S.C. 6912(a)(1); 5 U.S.C.

301; Reorganization Plan No. 2 of 1953, 3

CFR, 1949–1953 Comp., p. 1024.

Subpart C—Delegations of Authority to

the Deputy Secretary, the Under

Secretaries and Assistant Secretaries

2. In subpart C, all references to:

(1) ‘‘Rural Housing and Community

Development Service’’ are revised to

read ‘‘Rural Housing Service’’;

(2) ‘‘Rural Business and Cooperative

Development Service’’ are revised to

read ‘‘Rural Business-Cooperative

Service’’;

(3) ‘‘rural housing and community

development’’ are revised to read ‘‘rural

housing’’; and

(4) ‘‘rural business and cooperative

development’’ are revised to read ‘‘rural

business-cooperative’’.

Subpart D—Delegations of Authority to

Other General Officers and Agency

Heads

2. In subpart D, all references to:

(1) ‘‘Rural Housing and Community

Development Service’’ are revised to

read ‘‘Rural Housing Service’’; and

(2) ‘‘Rural Business and Cooperative

Development Service’’ are revised to

read ‘‘Rural Business-Cooperative

Service’’.

Subpart F—Delegations of Authority

by the Under Secretary for Farm and

Foreign Agricultural Services

3. In subpart F, all references to:

(1) ‘‘Rural Housing and Community

Development Service’’ are revised to

read ‘‘Rural Housing Service’’; and

(2) ‘‘Rural Business and Cooperative

Development Service’’ are revised to

read ‘‘Rural Business-Cooperative

Service’’.

Subpart G—Delegations of Authority

by the Under Secretary for Rural

Economic and Community

Development

4. In subpart G, all references to:

(1) ‘‘Rural Housing and Community

Development Service’’ are revised to

read ‘‘Rural Housing Service’’; and

(2) ‘‘Rural Business and Cooperative

Development Service’’ are revised to

read ‘‘Rural Business-Cooperative

Service’’.

Subpart J—Delegations of Authority by

the Under Secretary for Natural

Resources and Environment

5. In subpart J, all references to:

(1) ‘‘Rural Housing and Community

Development Service’’ are revised to

read ‘‘Rural Housing Service’’; and

(2) ‘‘Rural Business and Cooperative

Development Service’’ are revised to

read ‘‘Rural Business-Cooperative

Service’’.

For subparts C and D:

Dated: December 15, 1995.

Dan Glickman,

Secretary of Agriculture.

For Subpart F:

Dated: December 19, 1995.

Eugene Moos,

Under Secretary for Farm and Foreign

Agricultural Services.

For Subpart G:

Dated: December 18, 1995.

Jill Long Thompson,

Under Secretary for Rural Economic and

Community Development.

For Subpart J:

Dated: December 19, 1995.

James R. Lyons,

Under Secretary for Natural Resources and

Environment

[FR Doc. 95–31267 Filed 12–22–95; 8:45 am]

BILLING CODE 3410–01–M
66714 Federal Register / Vol. 60, No. 247 / Tuesday, December 26, 1995 / Rules and Regulations

1 60 FR 47801 (September 14, 1995).

2 Pub. L. 104–13 (May 22, 1995).

3 59 FR 18474 (April 19, 1994).

4 59 FR 60300 (November 23, 1994).

5 59 FR 22725 (May 3, 1994); 59 FR 28468 (June

2, 1994).

6 See 60 FR 15861 (March 28, 1995).

7 12 U.S.C. 1464 (u).

8 See 12 CFR 563.93(f)(1).

9 60 FR at 15864.

DEPARTMENT OF THE TREASURY

Office of Thrift Supervision

12 CFR 505, 506, 510, 512, 516, 543,

544, 545, 550, 552, 556, 563, 563b, 563c,

563d, 565, 566, 567, 571, 574, 575, 583,

584

[No. 95–200]

Technical Amendments; Loans to One

Borrower

AGENCY: Office of Thrift Supervision,

Treasury.

ACTION: Final rule.

SUMMARY: The Office of Thrift

Supervision (OTS) is revising its

regulations to incorporate a number of

technical and conforming amendments.

The amendments include corrections to:

Amendments adopted in 1994 that were

not codified as OTS intended, crossreferences that became outdated due to

other regulatory amendments,

regulations affected by legislation,

regulations containing addresses, office

titles, and other titles that are out of

date, the table setting forth OMB control

numbers assigned to regulations under

the Paperwork Reduction Act, and

regulations containing typographical

errors.

This rulemaking also adopts as final

the OTS’s interim final rule regarding

loans to one borrower (LTOB).

EFFECTIVE DATE: December 26, 1996.

FOR FURTHER INFORMATION CONTACT: For

Technical and Conforming Amendment

information contact: Mary Gottlieb,

Senior Paralegal, (202) 906–7135,

Regulations & Legislation Division,

Chief Counsel’s Office. For Loans to One

Borrower information contact: William

J. Magrini, Project Manager, Supervision

Policy, (202) 906–5744; or Valerie J.

Lithotomos, Counsel (Banking and

Finance), Regulations and Legislation

Division, Chief Counsel’s Office, (202)

906–6439, Regulations and Legislation

Division, Chief Counsel’s Office, Office

of Thrift Supervision, 1700 G Street,

NW., Washington DC 20552.

SUPPLEMENTARY INFORMATION:

Technical and Conforming

Amendments

Sections 505.1 through 505.4 are

being amended to reflect the

reorganization and relocation of the

Public Reference Room announced in

the Federal Register on September 14,

1995.1 The former Information Services

Division is now part of the

Dissemination Branch and is located at

1700 G Street, NW. on the lower level.

Part 506, concerning the control

numbers assigned pursuant to the

Paperwork Reduction Act, is being

amended to reflect the Paperwork

Reduction Act of 1995 2 and to generally

update the regulation reference table.

Section 516.1 is being amended to

correct the addresses of OTS’s Regional

Offices. The definition of ‘‘CAMEL

Rating’’ found at § 516.3(c) is being

amended to reflect the previous global

change from the MACRO to the CAMEL

rating system for examinations.3 Section

516.3(c) still refers to the components of

the obsolete MACRO system.

The model bylaws for stock

associations in the appendix to part 552

are being amended to make them

conform with the regulatory change that

removed the annual independent audit

requirement for small savings

associations with composite CAMEL

ratings of 1 or 2.4 Institutions regulated

under the Securities Exchange Act of

1934 (’34 Act) will still have to comply

with § 552.10, which requires

associations to send an annual report to

stockholders containing financial

statements that satisfy the requirements

of Rule 14a-3 of the ’34 Act. Rule 14a–

3 allows an institution that does not

have an annual audit to include

unaudited financial statements in its

annual report.

Sections 563b.2(a)(16) and

574.6(a)(4)–(a)(6) were inadvertently

removed 5 and are being reinstated

without revision.

This final rule also includes a number

of non-substantive technical revisions

correcting a variety of erroneous crossreferences and eliminating obsolete

terminology. The majority of the

revisions concern the removal of the

term ‘‘District Director’’ and ‘‘District

Office.’’ The OTS’s field offices were

converted from district to regional

offices several years ago. The

regulations have been reviewed to

determine, in each individual case,

whether references to ‘‘District Director’’

should refer instead to ‘‘Regional

Director’’ or ‘‘OTS,’’ and whether

references to ‘‘District Office’’ should

refer instead to ‘‘Regional Office’’ or

‘‘OTS.’’

Loans to One Borrower

On March 28, 1995, the OTS

published an interim final rule with

request for comment on LTOB.6 That

interim final rule reflected changes that

the Office of the Comptroller of the

Currency (OCC) had recently made to its

lending limits regulation. Section 5(u) of

the Home Owners’ Loan Act requires

that savings association lending limits

conform to those applicable to national

banks.7

The comment period for the interim

final rule closed on April 27, 1995. The

OTS received two comment letters: one

from a savings bank and one from a

national trade association. Both

comment letters raised one issue—

whether the removal of the term

‘‘monthly or quarterly’’ (used in

describing the periodic reports in which

LTOB limits must be computed)

prevents savings associations from

calculating their LTOB limits on a

monthly basis.

The reference to ‘‘monthly or

quarterly’’ was removed because the

OTS no longer requires institutions to

file monthly Thrift Financial Reports

(TFRs). TFRs are now filed only at the

end of each quarter. Thus, for

compliance tracking purposes, an

institution’s LTOB limits are now

normally computed on the basis of its

unimpaired capital and unimpaired

surplus at the end of each quarter. The

purpose for the quarterly computation

rule is to reduce the burden associated

with frequent recomputation of LTOB

limits. The OTS will not object if

institutions choose to recompute their

LTOB limits more frequently than

quarterly, provided that adequate

documentation is maintained.

Moreover, we also note that the LTOB

rule expressly provides that if an

association knows, or has reason to

know, that its level of unimpaired

capital and unimpaired surplus has

changed significantly, either upward or

downward, subsequent to a quarter-end

computation, the institution must

recompute its LTOB limits.8

Because the OTS has decided to make

no substantive changes to its interim

final rule, that rule is adopted as final

today, with one technical correction.

The words ‘‘general valuation’’ are being

removed from the definition of

‘‘unimpaired capital and unimpaired

surplus’’ at § 563.93(b)(11)(ii). In its

present form, the definition specifies

that an association’s ‘‘general valuation

allowances for loan and lease losses not

included in supplementary capital

under part 567 of this chapter’’ are to be

added to the association’s computation

of unimpaired capital and unimpaired

surplus.9 The words ‘‘general valuation’’
Federal Register / Vol. 60, No. 247 / Tuesday, December 26, 1995 / Rules and Regulations 66715

10 5 U.S.C. 553.

11 Pub. L. No 103–325, 12 U.S.C. 4802.

12 Pub. L. No 96–354, 5 U.S.C. 601.

were inadvertently included in the

interim final rule. The words are

extraneous.

Administrative Procedure Act; Riegle

Community Development and

Regulatory Improvement Act of 1994

The OTS has found good cause to

dispense with both prior notice and

comment on this final rule and a 30-day

delay of its effective date mandated by

the Administrative Procedure Act.10

OTS believes that it is contrary to public

interest to delay the effective date of the

rule, as it corrects a number of errors

that have caused confusion and these

corrections will aid the public in using

OTS’s regulations. Because the technical

amendments in the final rule are not

substantive, they will not detrimentally

affect savings associations by becoming

effective immediately; the LTOB rule is

already effective.

In addition, this document is exempt

from the requirement found in section

302 of the Riegle Community

Development and Regulatory

Improvement Act of 1994 11 that

regulations must not take effect before

the first day of the quarter following

publication, as it imposes no new

requirements.

Regulatory Flexibility Act

Pursuant to section 605(b) of the

Regulatory Flexibility Act,12 it is

certified that this technical corrections

regulation will not have a significant

economic impact on a substantial

number of small savings associations,

small service corporations, or other

small entities.

Executive Order 12866

The Acting Director has determined

that this rule is not a ‘‘significant

regulatory action’’ for purposes of

Executive Order 12866.

Unfunded Mandates Reform Act of

1995

The OTS has determined that the

requirements of this final rule will not

result in expenditures by State, local,

and tribal governments, or by the

private sector, of more than $100

million in any one year. Accordingly, a

budgetary impact statement is not

required under section 202 of the

Unfunded Mandates Reform Act of

1995.

List of Subjects

12 CFR Part 505

Freedom of information.

12 CFR Part 506

Reporting and recordkeeping

requirements.

12 CFR Part 510

Administrative practice and

procedure.

12 CFR Part 512

Administrative practice and

procedure, Investigations.

12 CFR Part 516

Administrative practice and

procedure, Reporting and recordkeeping

requirements, Savings associations.

12 CFR Parts 543 and 544

Reporting and recordkeeping

requirements, Savings associations.

12 CFR Part 545

Accounting, Consumer protection,

Credit, Electronic funds transfers,

Investments, Manufactured homes,

Mortgages, Reporting and recordkeeping

requirements, Savings associations.

12 CFR Part 550

Savings associations, Trusts and

trustees.

12 CFR Part 552

Reporting and recordkeeping

requirements, Savings associations,

Securities.

12 CFR Part 556

Savings associations.

12 CFR Part 563

Accounting, Advertising, Crime,

Currency, Flood insurance, Investments,

Mortgages, Reporting and recordkeeping

requirements, Savings associations,

Securities, Surety bonds.

12 CFR Part 563b

Reporting and recordkeeping

requirements, Savings associations,

Securities.

12 CFR Part 563c

Accounting, Savings associations,

Securities.

12 CFR Part 563d

Authority delegations (Government

agencies), Reporting and recordkeeping

requirements, Savings associations,

Securities.

12 CFR Part 565

Administrative practice and

procedure, Capital, Savings

associations.

12 CFR Part 566

Liquidity, Reporting and

recordkeeping requirements, Savings

associations.

12 CFR Part 567

Capital, Savings associations.

12 CFR Part 571

Accounting, Conflicts of interest,

Investments, Reporting and

recordkeeping requirements, Savings

associations.

12 CFR Part 574

Administrative practice and

procedure, Holding companies,

Reporting and recordkeeping

requirements, Savings associations,

Securities.

12 CFR Part 575

Administrative practice and

procedure, Capital, Holding companies,

Reporting and recordkeeping

requirements, Savings associations,

Securities.

12 CFR Part 583

Holding companies, Savings

associations.

12 CFR Part 584

Administrative practice and

procedure, Holding companies,

Reporting and recordkeeping

requirements, Savings associations,

Securities.

Accordingly, for the reasons set out in

the preamble and under the authority of

12 U.S.C. 1462a, the Office of Thrift

Supervision hereby amends chapter V,

title 12 of the Code of Federal

Regulations and adopts as final the

interim rule amending 12 CFR 563.93

published at 60 FR 15861 on March 28,

1995, with one change, as set forth

below:

Chapter V [Amended]

1. Chapter V of title 12 is amended by

removing the headings for subchapters

A through G; and by removing the term

‘‘subchapter’’ wherever it appears, and

by adding in lieu thereof the word

‘‘chapter’’.

PART 505—FREEDOM OF

INFORMATION ACT

2. The authority citation for part 505

continues to read as follows:

Authority: 5 U.S.C. 552; 12 U.S.C. 1462a,

1463, 1464.

§ 505.1 [Amended]

3. Section 505.1 is amended in

paragraph (a) by removing the word

‘‘(’Office’)’’, and by adding in lieu
66716 Federal Register / Vol. 60, No. 247 / Tuesday, December 26, 1995 / Rules and Regulations

thereof the word ‘‘(’OTS’)’’, and by

removing the words ‘‘the Office as’’, and

adding in lieu thereof the words ‘‘the

OTS as’’; and in paragraph (b) by

removing the word ‘‘Office’’ each place

it appears, and by adding in lieu thereof

the word ‘‘OTS’’.

4. Section 505.2 is revised to read as

follows:

§ 505.2 Public reference room.

The OTS will make materials

available for review on an ad hoc basis

when necessary. Contact the

Dissemination Branch, Records

Management and Information Policy

Division, Office of Thrift Supervision,

1700 G Street, NW., Washington, DC

20552, or visit the Public Reference

Room at 1700 G Street, NW., lower

level, from 9:00 a.m. to 4:00 p.m. on

business days.

5. Section 505.3 is revised to read as

follows:

§ 505.3 Requests for records.

Initial determinations under 31 CFR

1.5(g) as to whether to grant requests for

records of the OTS will be made by the

Manager, Dissemination Branch or by an

official so designated. Requests may be

mailed to: Freedom of Information Act

Request, Dissemination Branch, Records

Management and Information Policy

Division, Office of Thrift Supervision,

1700 G Street, NW., Washington, DC

20552, or marked ‘‘FOIA’’ and delivered

in person to the Public Reference Room,

Dissemination Branch, Records

Management and Information Policy

Division, 1700 G Street, NW., Lower

Level. Requests may also be sent by

facsimile.

6. Section 505.4 is revised to read as

follows:

§ 505.4 Administrative appeal of initial

determination to deny records.

Appellate determinations under 31

CFR 1.5(h) with respect to records of the

OTS will be made by the Executive

Director for Administration or the

Director, Records Management and

Information Policy Division. Appeals by

mail should be addressed to:

Dissemination Branch, Records

Management and Information Policy

Division, 1700 G Street, NW.,

Washington, DC 20552. Appeals may be

delivered personally to the

Dissemination Branch, Records

Management and Information Policy

Division, Office of Thrift Supervision,

1700 G Street, NW., Lower Level.

Appeals may also be sent by facsimile.

PART 506—INFORMATION

COLLECTION REQUIREMENTS UNDER

THE PAPERWORK REDUCTION ACT

7. The authority citation for part 506

continues to read as follows:

Authority: 44 U.S.C. 3501 et seq.

8. Section 506.1 is revised to read as

follows:

§ 506.1 OMB control numbers assigned

pursuant to the Paperwork Reduction Act.

(a) Purpose. This part collects and

displays the control numbers assigned

to information collection requirements

contained in regulations of the Office of

Thrift Supervision by the Office of

Management and Budget (OMB)

pursuant to the Paperwork Reduction

Act of 1995, Pub. L. 104–13, 109 Stat.

163, and is adopted in compliance with

the requirements of 5 CFR 1320.8.

Information collection requirements that

are not mandated by statute must be

assigned control numbers by OMB in

order to be enforceable.

(b) Display.

12 CFR part or section

where identified and described

Current OMB

control No.

502.3 ..................................... 1550–0053

510 ........................................ 1550–0081

516.1(c) ................................. 1550–0056

Part 528 ................................ 1550–0021

528.1a ................................... 1550–0011

533.1 ..................................... 1550–0011

543.1 ..................................... 1550–0018

543.2 ..................................... 1550–0005

543.9 ..................................... 1550–0007

544.2 ..................................... 1550–0017

544.5 ..................................... 1550–0018

545.36(d) .............................. 1550–0011

545.74 ................................... 1550–0013

545.81 ................................... 1550–0077

545.82 ................................... 1550–0033

545.92 ................................... 1550–0006

545.95 ................................... 1550–0006

545.96(c) ............................... 1550–0011

545.121 ................................. 1550–0047

545.131 ................................. 1550–0011

546.2 ..................................... 1550–0016

546.4 ..................................... 1550–0066

550.2 ..................................... 1550–0037

550.14 ................................... 1550–0037

552.2–1 ................................. 1550–0005

552.2–6 ................................. 1550–0007

552.4 ..................................... 1550–0017

552.5 ..................................... 1550–0018

552.6 ..................................... 1550–0025

552.7 ..................................... 1550–0025

552.10 ................................... 1550–0019

552.11 ................................... 1550–0011

552.13 ................................... 1550–0016,

1550–0025

562.1(b) ................................ 1550–0011

563.1(b) ................................ 1550–0011

563.10 ................................... 1550–0027

563.22 ................................... 1550–0016,

1550–0025

563.34 ................................... 1550–0011

563.37(c) ............................... 1550–0067

12 CFR part or section

where identified and described

Current OMB

control No.

563.38 ................................... 1550–0065

563.41(e) .............................. 1550–0011

563.42(e) .............................. 1550–0011

563.43 (f) through (h) ........... 1550–0075

563.43(i)(3) ........................... 1550–0075

563.47(e) .............................. 1550–0011

563.48(c) ............................... 1550–0011

563.74 ................................... 1550–0050

563.80 ................................... 1550–0061

563.81 ................................... 1550–0030

563.93(f) ............................... 1550–0011

563.99–563.101 (Subpart D),

Appendix A ........................ 1550–0078

563.99e ................................. 1550–0011

563.132 ................................. 1550–0033

563.134 ................................. 1550–0059

563.170 ................................. 1550–0011

563.170(c) ............................. 1550–0011,

1550–0083

563.172 ................................. 1550–0011

563.173(e) ............................ 1550–0011

563.174(e) ............................ 1550–0011

563.174(f) ............................. 1550–0011

563.175(e) ............................ 1550–0011

563.175(f) ............................. 1550–0011

563.177 ................................. 1550–0041

563.180 ................................. 1550–0084

563.180(d) ............................ 1550–0003

563.181 ................................. 1550–0032

563.183 ................................. 1550–0032

Part 563b .............................. 1550–0014

563b.4 ................................... 1550–0032

563b.20 through 563b.32 ..... 1550–0074

Part 563d .............................. 1550–0019

Part 563e .............................. 1550–0012

Part 563f ............................... 1550–0051

Part 563g .............................. 1550–0035

Part 564 ................................ 1550–0011

566.4 ..................................... 1550–0011

Part 568 ................................ 1550–0062

571.6 ..................................... 1550–0005

574 ........................................ 1550–0032

574.6 ..................................... 1550–0015

Part 575 ................................ 1550–0071

584.2–1 ................................. 1550–0063

584.2–2 ................................. 1550–0063

584.9 ..................................... 1550–0063

PART 510—MISCELLANEOUS

ORGANIZATIONAL REGULATIONS

8a. The authority citation for part 510

is revised to read as follows:

Authority: 12 U.S.C. 1462a, 1463, 1464.

§ 510.2 [Amended]

8b. Section 510.2 is amended in

paragraph (a) by removing the phrase

‘‘subchapters A, B, C, D, E, F, and G of’’.

PART 512—RULES FOR

INVESTIGATIVE PROCEEDINGS AND

FORMAL EXAMINATION

PROCEEDINGS

9. The authority citation for part 512

is revised to read as follows:

Authority: 12 U.S.C. 1462a, 1463, 1464,

1467, 1467a, 1813; 15 U.S.C. 78 l.
Federal Register / Vol. 60, No. 247 / Tuesday, December 26, 1995 / Rules and Regulations 66717

§ 512.4 [Amended]

10. Section 512.4 is amended by

removing the phrase ‘‘Director or any

Deputy Director of Enforcement’’, and

by adding in lieu thereof the phrase

‘‘Deputy Chief Counsel for Enforcement

or the appropriate Regional Counsel for

Enforcement’’.

§ 512.5 [Amended]

11. Section 512.5 is amended in

paragraph (a) by removing the phrase

‘‘Director or any Deputy Director of

Enforcement’’, and by adding in lieu

thereof the phrase ‘‘Deputy Chief

Counsel for Enforcement or the

appropriate Regional Counsel for

Enforcement’’.

PART 516—APPLICATION

PROCESSING GUIDELINES AND

PROCEDURES

12. The authority citation for part 516

continues to read as follows:

Authority: 5 U.S.C. 552, 559; 12 U.S.C.

1462a, 1463, 1464.

§ 516.1 [Amended]

13. Section 516.1 is amended in

paragraph (b)(1) by removing the word

‘‘17th’’ and by adding in lieu thereof the

word ‘‘18th’’; in paragraph (b)(2) by

removing the number ‘‘30348–5217’’

and by adding in lieu thereof the

number ‘‘30309’’; in paragraph (b)(3) by

removing the phrase ‘‘111 East Wacker

Drive, suite 800, Chicago, Illinois

60601–4360’’, and by adding in lieu

thereof the phrase ‘‘200 West Madison

Street, Suite 1300, Chicago, Illinois

60606’’; in paragraph (b)(4) by removing

the phrase ‘‘P.O. Box 619027,’’; and in

paragraph (b)(5) by removing the word

‘‘Center’’ and by adding in lieu thereof

the word ‘‘Street’’.

14. Section 516.3 is amended by

revising paragraph (c) to read as follows:

§ 516.3 Definitions.

* * * * *

(c) CAMEL rating. A savings

association’s CAMEL rating is its

Capital, Assets, Management, Earnings,

and Liquidity rating as of the most

recent rating update (as determined

either on-site or off-site by the most

recent examination) of which the

savings association has been notified in

writing.

* * * * *

PART 543—INCORPORATION,

ORGANIZATION, AND CONVERSION

OF FEDERAL MUTUAL

ASSOCIATIONS

15. The authority citation for part 543

continues to read as follows:

Authority: 12 U.S.C. 1462, 1462a, 1463,

1464, 1467a, 2901 et seq.

16. Section 543.8 is amended in

paragraph (a) by removing the phrase

‘‘District Director or his or her

designee’’, and by adding in lieu thereof

the word ‘‘OTS’’; and by adding a

second sentence to read as follows:

§ 543.8 Conversion of State mutual charter

to Federal charter.

(a) * * * Requests for such approval

shall be filed in accordance with

§ 516.1(c) of this chapter.

§ 543.11 [Amended]

17. Section 543.11 is amended in

paragraph (c)(1)(iii)(C) by removing the

last sentence.

PART 544—CHARTER AND BYLAWS

18. The authority citation for part 544

continues to read as follows:

Authority: 12 U.S.C. 1462, 1462a, 1463,

1464, 1467a, 2901 et seq.

§ 544.3 [Amended]

19. Section 544.3 is amended in the

petition by removing the phrase

‘‘District Director’’, and by adding in

lieu thereof the phrase ‘‘Regional

Director’’.

PART 545—OPERATIONS

20. The authority citation for part 545

continues to read as follows:

Authority: 12 U.S.C. 1462a, 1463, 1464,

1828.

§ 545.74 [Amended]

21. Section 545.74 is amended in

paragraph (c)(4)(iv) by removing the

phrase ‘‘District Director or his or her

designee’’, and by adding in lieu thereof

the phrase ‘‘Regional Director’’; and by

removing the phrase ‘‘he or she has’’,

and by adding in lieu thereof the phrase

‘‘there are’’.

§ 545.82 [Amended]

22. Section 545.82 is amended in

paragraph (c)(1)(i) by removing the

phrase ‘‘District Director’’, and by

adding in lieu thereof the phrase

‘‘OTS’’, and by removing the phrase ‘‘of

the parent Federal savings association’’;

in paragraph (c)(1)(ii) by removing the

phrase ‘‘District Director’’, and by

adding in lieu thereof the word ‘‘OTS’’,

and by removing the phrase ‘‘the

Federal savings association’s’’; and in

paragraph (f)(2) by removing the phrase

‘‘its District Director’’, and by adding in

lieu thereof the phrase ‘‘the OTS’’.

§ 545.121 [Amended]

23. Section 545.121 is amended in

paragraph (c) concluding text by

removing the phrase ‘‘District Director’’,

and by adding in lieu thereof the phrase

‘‘Regional Director’’, and by removing

the phrase ‘‘Director of the Office’’, and

by adding in lieu thereof the word

‘‘OTS’’; and in the third sentence of

paragraph (e) by removing the phrase ‘‘it

the person’’, and by adding in lieu

thereof the phrase ‘‘if the person’’.

§ 545.131 [Amended]

24. Section 545.131 is amended in

paragraph (b)(7) introductory text by

removing the phrase ‘‘District Director’’,

and by adding in lieu thereof the phrase

‘‘Regional Director’’.

PART 550—TRUST POWERS OF

FEDERAL SAVINGS ASSOCIATIONS

25. The authority citation for part 550

continues to read as follows:

Authority: 12 U.S.C. 1462a, 1463, 1464,

1735f–7.

§ 550.2 [Amended]

26. Section 550.2 is amended in

paragraph (c) introductory text by

removing the phrase ‘‘District

Director’s’’, and by adding in lieu

thereof the phrase ‘‘Regional Director’s’’;

and in paragraph (c) introductory text,

and paragraphs (c)(1), (c)(4), (c)(5),

(c)(7), (c)(9), and (d) by removing the

phrase ‘‘District Director’’ each place it

appears, and by adding in lieu thereof

the phrase ‘‘Regional Director’’.

§ 550.3 [Amended]

27. Section 550.3 is amended by

removing the phrase ‘‘or the District

Director’’, and by adding in lieu thereof

the phrase ‘‘Regional Director’’.

§ 550.10 [Amended]

28. Section 550.10 is amended in

paragraph (b)(2) by removing the phrase

‘‘District Director’’, and by adding in

lieu thereof the phrase ‘‘Regional

Director’’.

§ 550.13 [Amended]

29. Section 550.13(b) is amended by

removing the phrase ‘‘shall also be filed

with the District Director and that the

Office may review such documents’’,

and by adding in lieu thereof the phrase

‘‘shall also be filed in accordance with

the filing instructions in § 516.1(c) of

this chapter and that the OTS may

review such documents’’.

§ 550.14 [Amended]

30. Section 550.14 is amended in

paragraph (a) by removing the phrase

‘‘§ 500.32(c)(5)’’, and by adding in lieu

thereof the phrase ‘‘§ 516.1(c)’’; and in

paragraphs (b) and (c) introductory text

by removing the phrase ‘‘District

Director’’, and by adding in lieu thereof

the phrase ‘‘Regional Director’’.
66718 Federal Register / Vol. 60, No. 247 / Tuesday, December 26, 1995 / Rules and Regulations

§ 550.15 [Amended]

31. Section 550.15 is amended in

paragraph (a) by removing the phrase

‘‘parts 558 and 559 of this title’’, and by

adding in lieu thereof the phrase ‘‘part

558 of this chapter’’.

PART 552—INCORPORATION,

ORGANIZATION, AND CONVERSION

OF FEDERAL STOCK ASSOCIATIONS

32. The authority citation for part 552

continues to read as follows:

Authority: 12 U.S.C. 1462, 1462a, 1463,

1464, 1467a.

§ 552.5 [Amended]

33. Section 552.5 is amended in

paragraph (a) by removing the phrase

‘‘552.6–3, and 552.6–4’’, and by adding

in lieu thereof the phrase ‘‘and 552.6–

3’’; and in paragraph (b)(1)(ii) by

removing the phrase ‘‘552.6–3 and

552.6–4’’, and by adding ‘‘and 552.6–3’’

in its place.

34. Article VIII of the appendix to part

552 is revised to read as follows:

Appendix to Part 552—Model Bylaws

for Stock Associations

* * * * *

Article VIII—Fiscal Year

The fiscal year of the association shall end

on the llllllll of llllllll

of each year. The appointment of accountants

shall be subject to annual ratification by the

shareholders.

* * * * *

PART 556—STATEMENTS OF POLICY

34a. The authority citation for part

556 continues to read as follows:

Authority: 5 U.S.C. 552, 559; 12 U.S.C.

1464, 1701j–3; 15 U.S.C. 1693–1693r.

§ 556.5 [Amended]

34b. Section 556.5 is amended in

paragraph (c)(4) by removing the

phrases ‘‘of chapter C’’ and ‘‘of chapter

D’’.

PART 563—OPERATIONS

35. The authority citation for part 563

continues to read as follows:

Authority: 12 U.S.C. 375b, 1462, 1462a,

1463, 1464, 1467a, 1468, 1817, 1828, 3806;

42 U.S.C. 4106.

§ 563.9 [Amended]

36. Section 563.9 is amended in

paragraph (f) by removing the phrase

‘‘Notwithstanding the provisions of

§ 571.25 of this chapter, a’’, and by

adding in lieu thereof the word ‘‘A’’.

§ 563.93 [Amended]

37. Section 563.93 is amended in

paragraph (b)(11)(ii) by removing the

phrase ‘‘general valuation’’.

§ 563.134 [Amended]

38. Section 563.134 is amended in

paragraphs (b)(5) and (c) by removing

the phrase ‘‘District Director’’, and by

adding in lieu thereof the phrase

‘‘Regional Director’’.

§ 563.160 [Amended]

39. Section 563.160 is amended in

paragraphs (c)(2) and (d)(1) by removing

the phrase ‘‘District Director’’, and by

adding in lieu thereof the phrase

‘‘Regional Director’’; and by removing

paragraph (f).

§ 563.170 [Amended]

40. Section 563.170 is amended in

paragraph (b)(1) by removing the phrase

‘‘District Director’’ each place it appears,

and by adding in lieu thereof the phrase

‘‘Regional Director’’, and by removing

the term ‘‘District’’ and by adding in

lieu thereof the term ‘‘Region’’; in

paragraph (c)(3)(iii) by removing the

phrase ‘‘, its District Director, or the’’,

and by adding in lieu thereof the phrase

‘‘or its’’; and in paragraph (e) by

removing the phrases ‘‘District Director’’

and ‘‘District’’, and by adding in lieu

thereof the phrases ‘‘Regional Director’’

and ‘‘Region’’, respectively.

§ 563.177 [Amended]

40a. Section 563.177 is amended in

paragraphs (a) and (b) by removing the

phrase ‘‘chapter II’’, and by adding in

lieu thereof the phrase ‘‘subchapter II’’.

§ 563.183 [Amended]

41. Section 563.183 is amended in

paragraph (c)(1) by removing the phrase

‘‘shall be by letter signed by the officer

making the report with the original and

two copies to the District Director or his

or her designee’’, and by adding in lieu

thereof the phrase ‘‘shall be done in

accordance with § 516.1(c) of this

chapter’’.

PART 563b—CONVERSIONS FROM

MUTUAL TO STOCK FORM

42. The authority citation for part

563b continues to read as follows:

Authority: 12 U.S.C. 1462, 1462a, 1463,

1464, 1467a, 2901; 15 U.S.C. 78c, 78l, 78m,

78n, 78w.

43. Section 563b.2 is amended by

removing paragraph (a)(15), by

redesignating paragraph (a)(16) as

paragraph (a)(15) and by adding new

paragraph (a)(16) to read as follows:

§ 563b.2 Definitions.

(a) * * *

(16) Employee. The term employee

does not include a director or officer.

* * * * *

§ 563b.3 [Amended]

44. Section 563b.3 is amended in the

last sentence of paragraph (c)(8) by

removing the phrase ‘‘§ 563b.10(c)’’, and

by adding in lieu thereof the phrase

‘‘§ 563b.10’’.

§ 563b.3 [Amended]

44a. Section 563b.3 is amended in the

charter provision of paragraph (c)(13) by

removing the phrase ‘‘chapter D’’, and

by adding in lieu thereof the phrase

‘‘Part 563b’’.

§ 563b.4 [Amended]

45. Section 563b.4 is amended by

designating the concluding text of

paragraph (b)(1)(i) as paragraph

(b)(1)(ii); and by removing the phrase

‘‘Corporate and Securities’’ where it

appears in newly designated paragraph

(b)(1)(ii) and by adding in lieu thereof

the phrase ‘‘Business Transactions’’.

§ 563b.8 [Amended]

46. Section 563b.8 is amended by

removing the phrase ‘‘Corporate and

Securities’’ where it appears in the first,

second, and third sentences of

paragraph (e)(1) and adding in lieu

thereof the phrase ‘‘Business

Transactions’’.

§ 563b.29 [Amended]

47. Section 563b.29 is amended in

paragraph (b) by removing the phrase

‘‘District Director’’, and by adding in

lieu thereof the phrase ‘‘Regional

Director’’.

PART 563c—ACCOUNTING

REQUIREMENTS

48. The authority citation for part

563c is revised to read as follows:

Authority: 12 U.S.C. 1462a, 1463, 1464; 15

U.S.C. 78c(b), 78m, 78n, 78w.

§ 563c.3 [Amended]

49. Section 563c.3 is amended by

removing paragraph (b) and the

paragraph designation for paragraph (a).

PART 563d—SECURITIES OF

SAVINGS ASSOCIATIONS

50. The authority citation for part

563d is revised to read as follows:

Authority: 12 U.S.C. 1462a, 1463, 1464; 15

U.S.C. 78c(b), 78l, 78m, 78w, 78d-1.

§ 563d.1 [Amended]

51. Section 563d.1 is amended by

removing the phrase ‘‘Corporate and

Securities’’, and by adding in lieu

thereof the phrase ‘‘Business

Transactions’’.

§ 563d.2 [Amended]

52. Section 563d.2 is amended by

removing the phrase ‘‘Corporate and
Federal Register / Vol. 60, No. 247 / Tuesday, December 26, 1995 / Rules and Regulations 66719

Securities’’ where it appears in the first,

third, and fourth sentences, and by

adding in lieu thereof the phrase

‘‘Business Transactions’’; and by

removing the word ‘‘District’’, and the

phrases ‘‘District Office’’, ‘‘District

Offices’’, and ‘‘District Director’’ where

they appear, and by adding in lieu

thereof the word ‘‘Region’’, and the

phrases ‘‘Regional Office’’, ‘‘Regional

Offices’’, and ‘‘Regional Director’’,

respectively.

PART 565—PROMPT CORRECTIVE

ACTION

53. The authority citation for part 565

continues to read as follows:

Authority: 12 U.S.C. 1831o.

§ 565.9 [Amended]

54. Section 565.9 is amended by

removing the phrase ‘‘section 565.8’’ in

paragraph (a) and by adding in lieu

thereof the phrase ‘‘§ 565.7’’.

PART 566—LIQUIDITY

55. The authority citation for part 566

is revised to read as follows:

Authority: 12 U.S.C. 1462, 1462a, 1463,

1464, 1465, 1467a; 15 U.S.C. 1691, 1691a.

§ 566.2 [Amended]

56. Section 566.2 is amended in

paragraph (c) by removing the phrase ‘‘,

§ 566.1, and § 566.3’’, and by adding in

lieu thereof the phrase ‘‘and § 566.1’’.

PART 567—CAPITAL

57. The authority citation for part 567

continues to read as follows:

Authority: 12 U.S.C. 1462, 1462a, 1463,

1464, 1467a, 1828 (note).

58. Section 567.3 is amended by:

a. revising paragraph (a);

b. removing, in paragraph (b)(5), the

phrase ‘‘§ 563.131 of this chapter or

other Office regulations’’, and by adding

in lieu thereof the phrase ‘‘other Office

regulations or other guidance’’;

c. revising paragraph (d)(1);

d. removing, in paragraphs (d)(2) and

(d)(3), the phrases ‘‘District Director’’

and ‘‘District Director’s’’ each place they

appear, and by adding in lieu thereof

the phrases ‘‘OTS’’ and ‘‘OTS’s’’,

respectively;

e. revising the fourth and fifth

sentences of paragraph (d)(3), and

removing the third sentence of

paragraph (d)(3); and

f. revising paragraph (d)(5). The

revisions read as follows:

§ 567.3 Individual minimum capital

requirements.

(a) Purpose and scope. The rules and

procedures specified in this section

apply to the establishment of an

individual minimum capital

requirement for a savings association

that varies from the requirement that

would otherwise apply to the savings

association under § 567.2 of this part.

Pursuant to 12 U.S.C. 1464(s), the OTS

may establish such individual minimum

capital requirements for savings

associations as it deems necessary or

appropriate on a case-by-case basis in

light of the particular circumstances of

each savings association.

* * * * *

(d) Procedures—(1) Notification.

When the OTS determines that a

minimum capital requirement different

from that set forth in § 567.2 of this part

is necessary or appropriate for a

particular savings association, it shall

notify the savings association in writing

of its proposed individual minimum

capital requirement; the schedule for

compliance with the new requirement;

and the specific causes for determining

that the higher individual minimum

capital requirement is necessary or

appropriate for the savings association.

The OTS shall forward the notifying

letter to the appropriate state supervisor

if a state-chartered savings association

would be subject to an individual

minimum capital requirement.

* * * * *

(3) * * * The OTS shall provide the

savings association and the appropriate

state supervisor (if a state-chartered

savings association is involved) with a

written decision on the individual

minimum capital requirement,

addressing the substantive comments

made by the savings association and

setting forth the decision and the basis

for that decision. Upon receipt of this

decision by the savings association, the

individual minimum capital

requirement becomes effective and

binding upon the savings association. *

* *

* * * * *

(5) Change in circumstances. If, after

a decision is made under paragraph

(d)(3) of this section, there is a change

in the circumstances affecting the

savings association’s capital adequacy

or its ability to reach its required

minimum capital level by the specified

date, OTS may amend the individual

minimum capital requirement or the

savings association’s schedule for such

compliance. The OTS may decline to

consider a savings association’s request

for such changes that are not based on

a significant change in circumstances or

that are repetitive or frivolous. Pending

the OTS’s reexamination of the original

decision, that original decision and any

compliance schedule established

thereunder shall continue in full force

and effect.

59. Section 567.4 is amended by:

a. removing, in paragraph (a)(1)

introductory text, the phrase ‘‘, after

referral of an appropriate case by a

District Director and based on a

recommendation of the Office’s Office of

Enforcement developed in coordination

with the Deputy Director for Regional

Operations’’;

b. revising paragraph (a)(2)

introductory text;

c. revising the second and fifth

sentences in paragraph (a)(3)(i)

introductory text;

d. removing, in paragraph (a)(3)(i)

introductory text the word

‘‘Enforcement’’ each place it appears,

and adding in lieu thereof the phrase

‘‘the Office’’; and in paragraphs

(a)(3)(i)(A) and (C), (a)(3)(ii), (a)(4), and

(a)(5)(ii), by removing the words ‘‘of

Enforcement’’ each place it appears;

e. removing, in paragraph (a)(4), the

phrase ‘‘, based on a recommendation

from the Office developed in

coordination with the Deputy Director

for Regional Operations,’’;

f. revising paragraph (a)(6); and

g. removing in paragraph (b)(1) the

phrase ‘‘(such as an application under

§ 563.131 of this chapter, or an

application for approval to exceed its

applicable equity risk investment

threshold pursuant to § 563.98(g) of this

chapter)’’.

The revisions read as follows:

§ 567.4 Capital directives.

(a) * * *

(2) Notice of intent to issue capital

directive. The OTS will determine

whether to initiate the process of issuing

a capital directive. The OTS will notify

a savings association in writing by

registered mail of its intention to issue

a capital directive. If a state-chartered

savings association is involved, the OTS

will also notify and solicit comment

from the appropriate state supervisor.

The notice will state:

* * * * *

(3) Response to notice of intent. (i) *

* * The response should also include

any information that the savings

association wishes the OTS to consider

in deciding whether to issue a capital

directive. * * * Such responses shall be

submitted in accordance with § 516.1(c)

of this chapter. * * *

* * * * *

(6) Change in circumstances. Upon a

change in circumstances, a savings

association may submit a request to the

OTS to reconsider the terms of the

capital directive or consider changes in

the savings association’s capital plan
66720 Federal Register / Vol. 60, No. 247 / Tuesday, December 26, 1995 / Rules and Regulations

issued under a directive for the savings

association to achieve its minimum

capital requirement. If the OTS believes

such a change is warranted, the OTS

may modify the savings association’s

capital requirement or may refuse to

make such modification if it determines

that there are not significant changes in

circumstances. Pending a decision on

reconsideration, the capital directive

and capital plan shall continue in full

force and effect.

* * * * *

§ 567.10 [Amended]

60. Section 567.10 is amended in

paragraphs (a)(3) introductory text and

(c) by removing the phrase ‘‘its District

Director’’ and by adding in lieu thereof

the phrase ‘‘the Regional Director’’.

§ 567.13 [Amended]

61. Section 567.13 is amended in

paragraph (c) by removing the phrase

‘‘by the District Director’’.

PART 571—STATEMENTS OF POLICY

62. The authority citation for part 571

continues to read as follows:

Authority: 5 U.S.C. 552, 559; 12 U.S.C.

1462a, 1463, 1464.

§ 571.6 [Amended]

63. Section 571.6 is amended in

paragraphs (a)(2)(iv), (b)(3)(i), (d)(1),

(d)(2), (d)(4)(ii), and (g) by removing the

phrase ‘‘District Director’’, and by

adding in lieu thereof the phrase

‘‘Regional Director’’; and by

redesignating paragraph (b)(3)(i) as

paragraph (b)(3).

§ 571.13 [Amended]

64. Section 571.13 is amended in the

introductory text of paragraph (a) by

removing the phrase ‘‘563.90 and’’; and

in paragraph (a)(1) by removing the

phrase ‘‘or District Directors’’.

§ 571.20 [Amended]

65. Section 571.20 is amended in

paragraph (a) by removing the phrase

‘‘District Director’’, and by adding in

lieu thereof the phrase ‘‘Regional

Director’’.

PART 574—ACQUISITION OF

CONTROL OF SAVINGS

ASSOCIATIONS

66. The authority citation for part 574

continues to read as follows:

Authority: 12 U.S.C. 1467a, 1817, 1831i.

§ 574.2 [Amended]

67. Section 574.2 is amended by

removing and reserving paragraph (i).

§ 574.3 [Amended]

68. Section 574.3 is amended in

paragraph (c)(2)(v) by removing the

phrase ‘‘District Director’’, and by

adding in lieu thereof the phrase

‘‘Regional Director’’.

§ 574.4 [Amended]

69. Section 574.4 is amended in

paragraph (c)(4)(ii) by removing the

phrase ‘‘District Director or his or her

designee’’, and by adding in lieu thereof

the phrase ‘‘Regional Director’’; and in

paragraph (f)(2) by removing the phrase

‘‘§ 574.6(b)(3) of this part’’, and by

adding in lieu thereof the phrase

‘‘§ 516.1(c) of this chapter’’.

70. Section 574.6 is amended by

adding paragraphs (a)(4) through (a)(6);

by removing in paragraph (c)(3)(ii)(D)

the phrase ‘‘chapter II’’, and by adding

in lieu thereof the phrase ‘‘subchapter

II’’; and by removing paragraph

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

§ 574.6 Procedural requirements.

(a) * * *

(4) H-(e)3. This application shall be

used for all applications filed under

§ 574.3(a) of this part:

(i) By a savings and loan holding

company for approval of acquisitions by

a merger, consolidation, or purchase of

assets of a savings association or

uninsured institution or a savings and

loan holding company; or

(ii) By any company for approval of

acquisitions by a merger, consolidation,

or purchase of assets of two or more

savings associations.

(5) H-(e)4. This information filing

shall be used to claim that a

reorganization is exempt from prior

written approval of the OTS under

§ 574.3(c)(1)(ii) of this part.

(6) Notice Form 1393, parts A and B.

This form shall be used for all notices

filed under § 574.3(b) of this part

regarding the acquisition of control of a

savings association by any person or

persons not constituting a company

except as provided in paragraph (a)(3) of

this section.

* * * * *

§ 574.7 [Amended]

71. Section 574.7 is amended in

paragraphs (a)(2)(iii)(A) and (E) by

removing the phrase ‘‘Senior Deputy

Director for Supervision (Policy)’’, and

by adding in lieu thereof the word

‘‘OTS’’; in paragraphs (a)(2)(iii)(F)(1)

through (4) by removing the phrase

‘‘District Director or his or her

designee’’, and by adding in lieu thereof

the word ‘‘OTS’’; and in paragraph (c)(2)

introductory text by removing the

phrase ‘‘(a)(4), and’’.

PART 575—MUTUAL SAVINGS AND

LOAN HOLDING COMPANIES

72. The authority citation for part 575

continues to read as follows:

Authority: 12 U.S.C. 1462, 1462a, 1463,

1464, 1467a, 1828, 2901.

§ 575.2 [Amended]

72a. Section 575.2 is amended in

paragraphs (i) and (p) by removing the

phrase ‘‘of chapter F’’.

§ 575.10 [Amended]

73. Section 575.10 is amended in

paragraphs (a)(1) and (a)(2)(iii) by

removing the phrase ‘‘and 571.5’’.

§ 575.11 [Amended]

74. Section 575.11 is amended in

paragraph (g) by removing the phrase

‘‘§§ 563.39 and 571.5’’, and by adding in

lieu thereof the phrase ‘‘§ 563.39’’.

PART 583—DEFINITIONS

75. The authority citation for part 583

is revised to read as follows:

Authority: 12 U.S.C. 1462, 1462a, 1463,

1464, 1467a, 1468.

§ 583.10 [Removed]

76. Section 583.10 is removed.

PART 584—REGULATED ACTIVITIES

77. The authority citation for part 584

continues to read as follows:

Authority: 12 U.S.C. 1462, 1462a, 1463,

1464, 1467a, 1468.

§ 584.1 [Amended]

78. Section 584.1 is amended in

paragraph (b) by removing the phrase

‘‘District Director’’, and by adding in

lieu thereof the phrase ‘‘Regional

Director’’.

§ 584.2–2 [Amended]

79. Section 584.2–2 is amended in

paragraph (b) by removing the third

sentence; and in paragraph (c) by

removing the phrase ‘‘the District

Director or the Director of the Office, as

the case may be,’’, and by adding in lieu

thereof the phrase ‘‘the OTS’’.

Dated: December 11, 1995.

By the Office of Thrift Supervision.

Jonathan L. Fiechter,

Acting Director.

[FR Doc. 95–30541 Filed 12–22–95; 8:45 am]

BILLING CODE 6720–01–P