72120 Federal Register / Vol. 79, No. 234 / Friday, December 5, 2014 / Rules and Regulations 

45As in the case of Edge and agreement 

corporations and their branches, with the approval 

of the designated administrative Reserve Bank, a 

second Reserve Bank may assume the responsibility 

for administering this policy regarding particular 

foreign branch and agency families. This would 

often be the case when the payments activity and 

national administrative office of the foreign branch 

and agency family is located in one District, while 

the oversight responsibility under the International 

Banking Act is in another District. If a second 

Reserve Bank assumes management responsibility, 

monitoring data will be forwarded to the designated 

administrator for use in the supervisory process. 

46This schedule of posting rules does not affect 

the overdraft restrictions and overdraftmeasurement provisions for nonbank banks 

established by the Competitive Equality Banking 

Act of 1987 and the Board’s Regulation Y (12 CFR 

225.52). 47 Institutions that are monitored in real time 

must fund the total amount of their commercial 

ACH credit originations in order for the transactions 

to be processed. If the Federal Reserve receives 

commercial ACH credit transactions from 

institutions monitored in real time after the 

scheduled close of the Fedwire Funds Service, 

these transactions are currently processed at 12:30 

a.m. the next business day, or by the ACH deposit 

deadline, whichever is earlier. The Account 

Balance Monitoring System provides intraday 

account information to the Reserve Banks and 

institutions and is used primarily to give authorized 

Reserve Bank personnel a mechanism to control 

and monitor account activity for selected 

institutions. For more information on ACH 

transaction processing, refer to the ACH Settlement 

Day Finality Guide available through the Federal 

Reserve Financial Services Web site at http://

www.frbservices.org. 

48For the three commercial check transaction 

posting times, the Reserve Banks will post credits 

and debits to institutions’ accounts for checks 

deposited and presented, respectively, at least 30 

minutes before the posting time. 

49The Reserve Banks will identify and notify 

institutions with Treasury-authorized penalties on 

Thursdays. In the event that Thursday is a holiday, 

the Reserve Banks will identify and notify 

institutions with Treasury-authorized penalties on 

the following business day. Penalties will then be 

posted on the business day following notification. 

50Corrections are account entries made to correct 

discrepancies detected by a Reserve Bank during 

the initial processing of checks. 

51Adjustments are account entries made to 

correct discrepancies detected by an institution 

after entries have posted to Federal Reserve 

accounts. 

located will be responsible for 

administering all or part of this policy.45

Changes to the Posting Rules for ACH 

Debit and Commercial Check 

Transactions 

Effective on July 23, 2015, the 

‘‘Federal Reserve Policy on Payment 

System Risk’’ section II.A. under the 

heading ‘‘Procedures for Measuring 

Daylight Overdrafts’’ is amended as 

follows. 

Procedures for Measuring Daylight 

Overdrafts 46

Opening Balance (Previous Day’s 

Closing Balance) 

Post at 8:30 a.m. eastern time: 

+/¥ Term deposit maturities and 

accrued interest 

+/¥ Government and commercial ACH 

transactions 47

+/¥ Commercial check transactions, 

including returned checks 48

+ Treasury checks, postal money 

orders, local Federal Reserve Bank 

checks, and savings bond 

redemptions in separately sorted 

deposits; these items must be 

deposited by the latest applicable 

deposit deadline preceding the 

posting time. 

+ Advance-notice Treasury investments 

¥ Penalty assessments for tax 

payments from the Treasury 

Investment Program (TIP).49

Post at 8:30 a.m. eastern time and 

hourly, on the half-hour, thereafter: 

+/¥ Main account administrative 

investment or withdrawal from TIP 

+/¥ Special Direct Investment (SDI) 

administrative investment or 

withdrawal from TIP 

+ 31 CFR part 202 account deposits 

from TIP 

+ Credit corrections amounting to $1 

million or more 50

+ Credit adjustments amounting to $1 

million or more 51

¥ Uninvested paper tax (PATAX) 

deposits from TIP 

¥ Main account balance limit 

withdrawals from TIP 

¥ Collateral deficiency withdrawals 

from TIP 

¥ 31 CFR part 202 deficiency 

withdrawals from TIP 

Post at 11:00 a.m. eastern time and 

hourly thereafter: 

+ Currency and coin deposits 

Post at 1:00 p.m. eastern time: 

+/¥ Commercial check transactions, 

including returned checks 

Post at 5:30 p.m. eastern time: 

+/¥ FedACH SameDay Service return 

transactions. 

+/¥ Commercial check transactions, 

including returned checks 

Post after the close of Fedwire Funds 

Service: 

+/¥ All other transactions. These 

transactions include the following: 

currency and coin shipments; 

noncash collection; term-deposit 

settlements; Federal Reserve Bank 

checks presented after 3:00 p.m. 

eastern time but before 3:00 p.m. 

local time; foreign check 

transactions; small-dollar credit 

corrections and adjustments; and all 

debit corrections and adjustments. 

Discount-window loans and 

repayments are normally posted 

after the close of Fedwire as well; 

however, in unusual circumstances 

a discount window loan may be 

posted earlier in the day with 

repayment 24 hours later, or a loan 

may be repaid before it would 

otherwise become due. 

Equals: 

Closing Balance. 

* * * * * 

Dated: December 1, 2014. 

By order of the Board of Governors of the 

Federal Reserve System, 

Robert deV. Frierson, 

Secretary of the Board. 

[FR Doc. 2014–28664 Filed 12–4–14; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL HOUSING FINANCE 

AGENCY 

12 CFR Part 1238 

[No. 2014–N–15] 

Orders: Reporting by Regulated 

Entities of Stress Testing Results as of 

September 30, 2014 

AGENCY: Federal Housing Finance 

Agency. 

ACTION: Orders. 

SUMMARY: In this document, the Federal 

Housing Finance Agency (FHFA) 

provides notice that it issued Orders 

dated December 1, 2014, with respect to 

reporting under section 165(i)(2) of the 

Dodd-Frank Wall Street Reform and 

Consumer Protection Act (Dodd-Frank 

Act). 

DATES: Effective December 5, 2014. Each 

Order is applicable on December 1, 

2014. 

FOR FURTHER INFORMATION CONTACT: Naa 

Awaa Tagoe, Senior Associate Director, 

Office of Financial Analysis, Modeling 

and Simulations, (202) 649–3140, 

naaawaa.tagoe@fhfa.gov; Stefan 

Szilagyi, Examination Manager, 

FHLBank Modeling, FHLBank Risk 

Modeling Branch, (202) 649–3515, 

Stefan.szilagy@fhfa.gov; or Mark D. 

Laponsky, Deputy General Counsel, 

Office of General Counsel, (202) 649– 

3054 (these are not toll-free numbers), 

mark.laponsky@fhfa.gov. The telephone 

number for the Telecommunications 

Device for the Hearing Impaired is (800) 

877–8339. 

SUPPLEMENTARY INFORMATION: 

I. Background 

FHFA is responsible for ensuring that 

the regulated entities operate in a safe 

and sound manner, including the 

maintenance of adequate capital and 

internal controls, that their operations 

and activities foster liquid, efficient, 

competitive, and resilient national 

housing finance markets, and that they 

carry out their public policy missions 


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Federal Register / Vol. 79, No. 234 / Friday, December 5, 2014 / Rules and Regulations 72121 

through authorized activities. See 12 

U.S.C. 4513. These Orders are being 

issued under 12 U.S.C. 4514(a), which 

authorizes the Director of FHFA to 

require by Order that the regulated 

entities submit regular or special reports 

to FHFA and establishes remedies and 

procedures for failing to make reports 

required by Order. The Orders are 

accompanied by Summary Instructions 

and Guidance to which is appended 

reporting templates and scenarios for 

stress testing. 

II. Orders 

For the convenience of the affected 

parties, the text of the Orders, without 

the accompanying Summary 

Instructions and Guidance and 

appendices, follows below in its 

entirety. You may access these Orders 

with all of the accompanying material 

from FHFA’s Web site at: http://

www.fhfa.gov/Media/PublicAffairs/

Pages/FHFA-Issues-Scenarios-andGuidance-to-FannieMae,-Freddie-Macand-the-Federal-Home-Loan-BanksRegarding-Annual-Dodd-Frank-St.aspx. 

The Orders and Summary Instructions 

and Guidance will be available for 

public inspection and copying at the 

Federal Housing Finance Agency, 

Eighth Floor, 400 Seventh St. SW., 

Washington, DC 20024. To make an 

appointment, call (202) 649–3804. 

The text of the Orders is as follows: 

Federal Housing Finance Agency 

Order Nos. 2014–OR–B–3, 2014–OR– 

FNMA–2, and 2014–OR–FHLMC–2 

ORDER ON REPORTING BY 

REGULATED ENTITIES OF STRESS 

TESTING RESULTS AS OF 

SEPTEMBER 30, 2014 

Whereas, section 165(i)(2) of the 

Dodd-Frank Wall Street Reform and 

Consumer Protection Act (‘‘Dodd-Frank 

Act’’) requires certain financial 

companies with total consolidated 

assets of more than $10 billion, and 

which are regulated by a primary 

Federal financial regulatory agency, to 

conduct annual stress tests to determine 

whether the companies have the capital 

necessary to absorb losses as a result of 

adverse economic conditions; 

Whereas, FHFA’s rule implementing 

section 165(i)(2) of the Dodd-Frank Act 

is codified as 12 CFR part 1238 and 

requires that ‘‘[e]ach regulated entity 

must file a report in the manner and 

form established by FHFA.’’ 12 CFR 

1238.5(b); 

WHEREAS, 12 CFR 1238.3(b) requires 

that FHFA issue to each regulated entity 

scenarios to be used in conducting 

annual stress testing; 

Whereas, the Director of FHFA 

considers it appropriate to Order each 

regulated entity to report to FHFA 

results of stress testing under 12 CFR 

part 1238 using scenarios supplied by 

FHFA; 

Whereas, FHFA issued to each 

regulated entity the required scenarios 

and reporting templates on November 

14, 2014, fifteen calendar days following 

the Federal Reserve Board’s release of 

global shock scenario elements for use 

in its Dodd-Frank stress testing 

exercises; and 

Whereas, section 1314 of the Safety 

and Soundness Act, 12 U.S.C. 4514(a) 

authorizes the Director of FHFA to 

require regulated entities, by general or 

specific order, to submit such reports on 

their management, activities, and 

operations as the Director considers 

appropriate. 

Now therefore, it is hereby Ordered as 

follows: 

Each regulated entity shall conduct 

annual stress testing and report to FHFA 

and to the Board of Governors of the 

Federal Reserve System the results of 

such stress testing as required by 12 

CFR part 1238, in the form and with the 

content described therein and in the 

Summary Instructions and Guidance 

accompanying this Order, using the 

scenarios and assumptions issued on 

November 14, 2014, and provided in 

Appendices 4 through 11 to the 

Summary Instructions and Guidance 

that accompanies this Order. 

It is so ordered, this 1st day of 

December 2014. 

This Order is effective immediately. 

Signed at Washington, DC, this 1st day of 

December, 2014. 

Melvin L. Watt, 

Director, Federal Housing Finance Agency. 

Dated: December 1, 2014. 

Melvin L. Watt, 

Director, Federal Housing Finance Agency. 

[FR Doc. 2014–28593 Filed 12–4–14; 8:45 am] 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 39 

[Docket No. FAA–2014–0168; Directorate 

Identifier 2013–NM–208–AD; Amendment 

39–18039; AD 2014–24–06] 

RIN 2120–AA64 

Airworthiness Directives; The Boeing 

Company Airplanes 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Final rule. 

SUMMARY: We are adopting a new 

airworthiness directive (AD) for certain 

The Boeing Company Model 787–8 

airplanes. This AD was prompted by 

failure during testing of the anchor 

attachment on the occupant restraint 

system on the standard attendant seat 

due to an understrength attachment 

fitting. This AD requires replacing the 

existing restraint attachment fitting on 

the standard attendant seat with a new, 

improved attachment fitting. We are 

issuing this AD to prevent failure of the 

restraint attachment fitting of the 

attendant seat during an emergency 

landing, which could cause injury to the 

cabin crew and passengers and could 

impede a rapid evacuation. 

DATES: This AD is effective January 9, 

2015. 

The Director of the Federal Register 

approved the incorporation by reference 

of certain publications listed in this AD 

as of January 9, 2015. 

ADDRESSES: For service information 

identified in this AD, contact Boeing 

Commercial Airplanes, Attention: Data 

& Services Management, P.O. Box 3707, 

MC 2H–65, Seattle, WA 98124–2207; 

telephone 206–544–5000, extension 1; 

fax 206–766–5680; Internet https://

www.myboeingfleet.com. You may view 

this referenced service information at 

the FAA, Transport Airplane 

Directorate, 1601 Lind Avenue SW., 

Renton, WA. For information on the 

availability of this material at the FAA, 

call 425–227–1221. 

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– 

0168; 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 AD, the regulatory 

evaluation, any comments received, and 

other information. The address for the 

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

Docket Management Facility, U.S. 

Department of Transportation, Docket 

Operations, M–30, West Building 

Ground Floor, Room W12–140, 1200 

New Jersey Avenue SE., Washington, 

DC 20590. 

FOR FURTHER INFORMATION CONTACT: Eric 

M. Brown, Aerospace Engineer, Cabin 

Safety and Environmental Systems 

Branch, ANM–150S, FAA, Seattle 

Aircraft Certification Office, 1601 Lind 

Avenue SW., Renton, WA 98057–3356; 

phone: 425–917–6746; fax: 425–917– 

6590; email: eric.m.brown@faa.gov. 


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