[Federal Register Volume 79, Number 228 (Wednesday, November 26, 2014)]
[Proposed Rules]
[Pages 70474-70475]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-27969]


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Proposed Rules
                                                Federal Register
________________________________________________________________________

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.

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

[[Page 70474]]



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.

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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.
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    \1\ Public Law 104-208 (1996), 110 Stat. 3009-414, codified at 
12 U.S.C. 3311.
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    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 Francisco-Los 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

[[Page 70475]]

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.
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    \2\ 79 FR 32172.

    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