This section of the FEDERAL REGISTER

contains notices to the public of the proposed

issuance of rules and regulations. The

purpose of these notices is to give interested

persons an opportunity to participate in the

rule making prior to the adoption of the final

rules.

Proposed Rules Federal Register

70474 

Vol. 79, No. 228 

Wednesday, November 26, 2014 

1Public Law 104–208 (1996), 110 Stat. 3009–414, 

codified at 12 U.S.C. 3311. 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

12 CFR Chapter I 

[Docket ID FFIEC–2014–0001] 

BOARD OF GOVERNORS OF THE 

FEDERAL RESERVE SYSTEM 

12 CFR Chapter II 

[Docket No. OP–1491] 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

12 CFR Chapter III 

Regulatory Publication and Review 

Under the Economic Growth and 

Regulatory Paperwork Reduction Act 

of 1996 

AGENCY: Office of the Comptroller of the 

Currency (‘‘OCC’’), Treasury; Board of 

Governors of the Federal Reserve 

System (‘‘Board’’); and Federal Deposit 

Insurance Corporation (‘‘FDIC’’). 

ACTION: Notice of outreach meeting. 

SUMMARY: The OCC, Board, and FDIC 

(‘‘we’’ or ‘‘Agencies’’) announce a series 

of outreach meetings on the Agencies’ 

interagency effort to review their 

regulations under the Economic Growth 

and Regulatory Paperwork Reduction 

Act of 1996 (‘‘EGRPRA’’). 

DATES: An outreach meeting will be 

held on Tuesday, December 2, 2014, 

beginning at 9:00 a.m. Pacific Standard 

Time (PST). Registrations will be 

accepted until all seats are filled, 

through November 26, 2014. Additional 

outreach meetings are scheduled for 

February 4, 2015 in Dallas; May 4, 2015 

in Boston; October 2015 in Chicago 

(date to be determined); and December 

2, 2015 in Washington, DC. 

ADDRESSES: The Agencies will hold the 

December 2, 2014, outreach meeting at 

the Federal Reserve Bank of San 

Francisco-Los Angeles Branch, 950 

South Grand Avenue, Los Angeles, 

California, 90015. All participants must 

pre-register at http://egrpra.ffiec.gov/

outreach/outreach-index.html. Any 

interested individual may submit 

comments through the EGRPRA Web 

site during open comment periods at: 

http://egrpra.ffiec.gov/submit-comment/

submit-comment-index.html. 

FOR FURTHER INFORMATION CONTACT:

OCC: Alison MacDonald, Senior 

Attorney, (202) 649–7314; for persons 

who are deaf or hard of hearing, TTY 

(202) 649–5597. 

Board: Claudia Von Pervieux, 

Counsel, (202) 452–2552; for persons 

who are deaf or hard of hearing, TTY 

(202) 263–4869. 

FDIC: Ruth R. Amberg, Assistant 

General Counsel, (202) 898–3736; for 

persons who are deaf or hard of hearing, 

TTY 1–800–925–4618. 

SUPPLEMENTARY INFORMATION: EGRPRA 1

directs the Agencies, along with the 

Federal Financial Institutions 

Examination Council (Council), not less 

frequently than once every ten years, to 

conduct a review of their regulations to 

identify outdated or otherwise 

unnecessary regulations. The Agencies 

are scheduling a series of at least five 

outreach meetings to provide an 

opportunity for bankers, consumer and 

community groups, and other interested 

persons to present their views directly 

to senior management and staff of the 

Agencies on any of 12 specific 

categories of regulations, as further 

described below. 

The Agencies will hold the first of 

these outreach meetings on December 2, 

2014, in Los Angeles, California, at the 

Federal Reserve Bank of San FranciscoLos Angeles Branch, 950 South Grand 

Avenue, Los Angeles, California, 90015. 

This meeting will be streamed live at 

http://egrpra.ffiec.gov/. The meeting 

will consist of panels of bankers and 

consumer and community groups who 

will present particular issues. There will 

be limited time after each panel for 

comments from meeting attendees. In 

addition, there will be a session at the 

end of the meeting during which 

audience members may present views 

on any of the regulations under review. 

The Agencies reserve the right to limit 

the time of individual commenters, if 

needed, in order to accommodate the 

number of persons desiring to speak. 

Comments made by audience 

members at this meeting will be 

reflected in the public comment file. 

Audience members who do not wish to 

comment orally may submit written 

comments at the meeting. In addition, 

any interested individual may submit 

comments through the EGRPRA Web 

site during open comment periods at: 

http://egrpra.ffiec.gov/submit-comment/

submit-comment-index.html. Further 

outreach meetings are scheduled for 

February 4, 2015 in Dallas; May 4, 2015 

in Boston; October 2015 in Chicago 

(date to be determined); and December 

2, 2015 in Washington, DC. 

All participants must pre-register for 

the Los Angeles outreach meeting at 

http://egrpra.ffiec.gov/outreach/

outreach-index.html. Because of space 

constraints, on-site attendance will be 

limited. Registrations will be accepted 

until November 26, 2014, or until all 

seats are filled, whichever is earlier. 

Further details about the first 

outreach meeting, including the agenda, 

are published on the EGRPRA Web site 

at http://egrpra.ffiec.gov/outreach/

outreach-index.html. 

Additional Background on EGRPRA 

Section 2222 of EGRPRA directs the 

Agencies, along with the Council, to 

conduct a review of their regulations not 

less frequently than once every ten years 

to identify outdated or otherwise 

unnecessary regulatory requirements 

imposed on insured depository 

institutions. In conducting this review, 

the Agencies are required to categorize 

their regulations by type and, at regular 

intervals, provide notice and solicit 

public comment on categories of 

regulations, requesting commenters to 

identify areas of regulations that are 

outdated, unnecessary, or unduly 

burdensome. The statute requires the 

Agencies to publish in the Federal 

Register a summary of the comments 

received, identifying significant issues 

raised and commenting on these issues. 

The statute also directs the Agencies to 

eliminate unnecessary regulations to the 

extent that such action is appropriate. 

Finally, section 2222 requires the 

Council, of which the Agencies are 

members, to submit a report to Congress 

that summarizes any significant issues 

raised in the public comments and the 

relative merits of such issues. The report 

also must include an analysis of 

whether the Agencies are able to 

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Federal Register / Vol. 79, No. 228 / Wednesday, November 26, 2014 / Proposed Rules 70475 

2 79 FR 32172. 

address the regulatory burdens 

associated with such issues by 

regulation or whether these burdens 

must be addressed by legislative action. 

For purposes of this review, the 

Agencies have grouped our combined 

regulations into 12 categories: 

Applications and Reporting; Banking 

Operations; Capital; Community 

Reinvestment Act; Consumer Protection; 

Directors, Officers and Employees; 

International Operations; Money 

Laundering; Powers and Activities; 

Rules of Procedure; Safety and 

Soundness; and Securities. On June 4, 

2014, we published a Federal Register 

notice asking for public comment on 

three of these categories—Applications 

and Reporting, Powers and Activities, 

and International Operations 

regulations.2 We also published a chart 

listing all of the regulations included in 

the EGRPRA review. Over the next 

eighteen months, we will publish 

additional notices, seeking comment on 

the remaining categories. 

Dated: November 20, 2014. 

Thomas J. Curry, 

Comptroller of the Currency. 

By order of the Board of Governors of the 

Federal Reserve System, November 20, 2014. 

Robert deV. Frierson, 

Secretary of the Board. 

Dated: November 19, 2014. 

Federal Deposit Insurance Corporation 

Robert E. Feldman, 

Executive Secretary. 

[FR Doc. 2014–27969 Filed 11–25–14; 8:45 am] 

BILLING CODE 4810–22–P; 6210–01–P; 6714–01–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 39 

[Docket No. FAA–2014–0328; Directorate 

Identifier 2014–NE–07–AD 

RIN 2120–AA64 

Airworthiness Directives; Rolls-Royce 

plc Turbofan Engines 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Supplemental notice of 

proposed rulemaking (NPRM); 

reopening of comment period. 

SUMMARY: We are revising an earlier 

proposed airworthiness directive (AD) 

for all Rolls-Royce plc (RR) RB211 Trent 

875–17, 877–17, 884–17, 884B–17, 892– 

17, 892B–17, and 895–17 turbofan 

engines. The NPRM proposed to require 

modification of the engine by removing 

any electronic engine control (EEC) that 

incorporates EEC software standard 

prior to version B7.2 and installing an 

EEC eligible for installation. The NPRM 

was prompted by failure of the 

intermediate pressure (IP) turbine disk 

drive arm and subsequent overspeed 

and burst of the IP turbine disk on an 

RR RB211 Trent turbofan engine. This 

action revises the NPRM by clarifying 

the costs of compliance, by clarifying 

that correction of the unsafe condition 

can be achieved either by installing 

upgraded software in the EEC or by 

installing an EEC with upgraded 

software incorporated, and by clarifying 

the installation prohibition statement. 

We are proposing this supplemental 

NPRM (SNPRM) to prevent overspeed of 

the IP turbine disk, resulting in failure 

of the turbine blades or the IP turbine 

disk and subsequent uncontained 

release of the disk and/or turbine 

blades, which could lead to damage to 

the engine and damage to the airplane. 

DATES: We must receive comments by 

December 10, 2014. 

ADDRESSES: You may send comments by 

any of the following methods: 

• Federal eRulemaking Portal: Go to 

http://www.regulations.gov and follow 

the instructions for sending your 

comments electronically. 

• Mail: Docket Management Facility, 

U.S. Department of Transportation, 1200 

New Jersey Avenue SE., West Building 

Ground Floor, Room W12–140, 

Washington, DC 20590–0001. 

• Hand Delivery: Deliver to Mail 

address above between 9 a.m. and 

5 p.m., Monday through Friday, except 

Federal holidays. 

• Fax: 202–493–2251. 

For service information identified in 

this SNPRM, contact Rolls-Royce plc, 

Corporate Communications, P.O. Box 

31, Derby, England, DE248BJ; phone: 

011–44–1332–242424; fax: 011–44– 

1332–249936; email: http://www.rollsroyce.com/contact/civillteam.jsp; 

Internet: https://www.aeromanager.com. 

You may view this service information 

at the FAA, Engine & Propeller 

Directorate, 12 New England Executive 

Park, Burlington, MA. For information 

on the availability of this material at the 

FAA, call 781–238–7125. 

Examining the AD Docket 

You may examine the AD docket on 

the Internet at http://

www.regulations.gov by searching for 

and locating Docket No. FAA–2014– 

0328; or in person at the Docket 

Management Facility between 9 a.m. 

and 5 p.m., Monday through Friday, 

except Federal holidays. The AD docket 

contains this proposed AD, the 

mandatory continuing airworthiness 

information (MCAI), the regulatory 

evaluation, any comments received, and 

other information. The address for the 

Docket Office (phone: 800–647–5527) is 

in the ADDRESSES section. Comments 

will be available in the AD docket 

shortly after receipt. 

FOR FURTHER INFORMATION CONTACT: 

Wego Wang, Aerospace Engineer, 

Engine Certification Office, FAA, Engine 

& Propeller Directorate, 12 New England 

Executive Park, Burlington, MA 01803; 

phone: 781–238–7134; fax: 781–238– 

7199; email: wego.wang@faa.gov. 

SUPPLEMENTARY INFORMATION: 

Comments Invited 

We invite you to send any written 

relevant data, views, or arguments about 

this proposed AD. Send your comments 

to an address listed under the 

ADDRESSES section. Include ‘‘Docket No. 

FAA–2014–0328; Directorate Identifier 

2014–NE–07–AD’’ at the beginning of 

your comments. We specifically invite 

comments on the overall regulatory, 

economic, environmental, and energy 

aspects of this SNPRM. We will 

consider all comments received by the 

closing date and may amend this 

SNPRM based on those comments. 

We will post all comments we 

receive, without change, to http://

www.regulations.gov, including any 

personal information you provide. We 

will also post a report summarizing each 

substantive verbal contact with FAA 

personnel concerning this SNPRM. 

Discussion 

We issued an NPRM to amend 14 CFR 

part 39 by adding an AD that would 

apply to the specified products. The 

NPRM was published in the Federal 

Register on July 11, 2014 (79 FR 40018). 

The NPRM proposed to correct an 

unsafe condition for the specified 

products. 

Actions Since Previous NPRM Was 

Issued 

Since we issued the NPRM (79 FR 

40018, July 11, 2014), we found that we 

included a cost for parts in the Costs of 

Compliance paragraph. As this 

proposed AD requires an upgrade to 

EEC software, there are no associated 

parts costs. We changed the Costs of 

Compliance paragraph in this proposed 

AD by removing the reference to parts 

costs. 

We changed paragraph (e) of this 

proposed AD to more clearly state the 

requirement to modify affected engines 

either by installing upgraded software in 

the EEC, or by installing an EEC with 

upgraded software incorporated. 

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