Federal Register / Vol. 79, No. 241 / Tuesday, December 16, 2014 / Rules and Regulations 74595 

• Federal Rulemaking Web Site: Go 

to: http://www.regulations.gov and 

search for Docket ID NRC–2014–0102. 

Address questions about NRC dockets to 

Carol Gallagher; telephone: 301–287– 

3422; email: Carol.Gallagher@nrc.gov. 

For technical questions, contact the 

individual listed in the FOR FURTHER

INFORMATION CONTACT section of this 

document. 

• NRC’s Agencywide Documents 

Access and Management System 

(ADAMS): You may obtain publiclyavailable documents online in the 

ADAMS Public Documents collection 

at: http://www.nrc.gov/reading-rm/

adams.html. To begin the search, select 

‘‘ADAMS Public Documents’’ and then 

select ‘‘Begin Web-based ADAMS 

Search.’’ For problems with ADAMS, 

please contact the NRC’s Public 

Document Room (PDR) reference staff at 

1–800–397–4209, 301–415–4737, or by 

email to: pdr.resource@nrc.gov. The 

ADAMS accession number for each 

document referenced (if it is available in 

ADAMS) is provided the first time that 

it is mentioned in the SUPPLEMENTARY

INFORMATION section. 

• NRC’s PDR: You may examine and 

purchase copies of public documents at 

the NRC’s PDR, Room O1–F21, One 

White Flint North, 11555 Rockville 

Pike, Rockville, Maryland 20852. 

FOR FURTHER INFORMATION CONTACT: 

Gregory Trussell, Office of Nuclear 

Material Safety and Safeguards, U.S. 

Nuclear Regulatory Commission, 

Washington, DC 20555–0001; telephone: 

301–415–6445, email: Gregory.Trussell@

nrc.gov. 

SUPPLEMENTARY INFORMATION: On 

October 3, 2014 (79 FR 59623), the NRC 

published a direct final rule amending 

its regulations in part 72 of Title 10 of 

the Code of Federal Regulations by 

revising the Holtec International HI– 

STORM FW System listing within the 

‘‘List of approved spent fuel storage 

casks’’ to include Amendment No. 1 to 

CoC No. 1032. In the direct final rule, 

the NRC stated that if no significant 

adverse comments were received, the 

direct final rule would become final on 

December 17, 2014. The NRC did not 

receive any comments on the direct 

final rule. Therefore, this direct final 

rule will become effective as scheduled. 

Dated at Rockville, Maryland, this 11th day 

of December, 2014. 

For the U.S. Nuclear Regulatory 

Commission. 

Cindy Bladey, 

Chief, Rules, Announcements, and Directives 

Branch, Division of Administrative Services, 

Office of Administration. 

[FR Doc. 2014–29427 Filed 12–15–14; 8:45 am] 

BILLING CODE 7590–01–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

12 CFR Part 30 

[Docket ID OCC–2014–001] 

RIN 1557–AD78 

OCC Guidelines Establishing 

Heightened Standards for Certain 

Large Insured National Banks, Insured 

Federal Savings Associations, and 

Insured Federal Branches; Integration 

of Regulations 

Correction 

In rule document 2014–21224 

appearing on pages 54517 through 

54549 in the issue of Thursday, 

September 11, 2014, make the following 

corrections: 

APPENDIX C TO PART 30 

[CORRECTED] 

■ 1. On page 54544, in the third column, 

paragraph I.i. is corrected to read as 

follows: 

i. * * * The Guidelines are designed 

to protect against involvement by 

national banks, Federal savings 

associations, Federal branches and 

Federal agencies of foreign banks, and 

their respective operating subsidiaries 

(together, ‘‘national banks and Federal 

savings associations’’), either directly or 

through loans that they purchase or 

make through intermediaries, in 

predatory or abusive residential 

mortgage lending practices that are 

injurious to their respective customers 

and that expose the national bank or 

Federal savings association to credit, 

legal, compliance, reputation, and other 

risks. 

* * * * * 

■ 2. On page 54545, in the third column, 

second line from the top, the word 

‘‘Rrisk’’ should be ‘‘Risk’’. 

[FR Doc. C1–2014–21224 Filed 12–15–14; 8:45 am] 

BILLING CODE 1505–01–D 

FEDERAL HOUSING FINANCE 

AGENCY 

12 CFR Part 1251 

RIN 2590–AA73 

Housing Trust Fund 

AGENCY: Federal Housing Finance 

Agency. 

ACTION: Interim final rule; request for 

comments. 

SUMMARY: The Federal Housing Finance 

Agency (FHFA) is issuing an interim 

final rule setting forth requirements 

related to allocations by the Federal 

National Mortgage Association (Fannie 

Mae) and the Federal Home Loan 

Mortgage Corporation (Freddie Mac) 

(together, the Enterprises) to the 

Housing Trust and Capital Magnet 

Funds created by the Housing and 

Economic Recovery Act of 2008. The 

rule implements a statutory prohibition 

against the Enterprises passing the cost 

of such allocations through to the 

originators of loans they purchase or 

securitize. 

DATES: This interim final rule is 

effective on December 16, 2014. FHFA 

will accept written comments on this 

interim final rule on or before January 

15, 2015. 

ADDRESSES: You may submit your 

comments on this Interim Final Rule, 

identified by regulatory identifier 

number ‘‘RIN 2590–AA73,’’ by any of 

the following methods: 

• Agency Web site: www.fhfa.gov/

open-for-comment-or-input. 

• Federal eRulemaking Portal: 

www.regulations.gov. Follow the 

instructions for submitting comments. If 

you submit your comment to the 

Federal eRulemaking Portal, please also 

send it by email to FHFA at 

RegComments@fhfa.gov to ensure 

timely receipt by the Agency. Please 

include ‘‘RIN 2590–AA73’’ in the 

subject line of the message. 

• Courier/Hand Delivered: The hand 

delivery address is: Alfred M. Pollard, 

General Counsel; Attention: Comments/ 

RIN 2590–AA73, Federal Housing 

Finance Agency, Eighth Floor, 400 

Seventh Street SW., Washington, DC 

20024. Deliver the package to the 

Seventh Street entrance Guard Desk, 

First Floor, on business days between 9 

a.m. and 5 p.m. 

• U.S. Mail, United Parcel Service, 

Federal Express, or Other Mail Service: 

The mailing address for comments is: 

Alfred M. Pollard, General Counsel; 

Attention: Comments/RIN 2590–AA73, 

Federal Housing Finance Agency, 

Eighth Floor, 400 Seventh Street SW., 

Washington, DC 20024. 

FOR FURTHER INFORMATION CONTACT: 

Alfred M. Pollard, General Counsel, 

(202) 649–3050 (not a toll-free number), 

Federal Housing Finance Agency, 

Eighth Floor, 400 Seventh Street SW., 

Washington, DC 20024. The telephone 

number for the Telecommunications 

Device for the Hearing Impaired is (800) 

877–8339. 

SUPPLEMENTARY INFORMATION: 

I. Comments 

FHFA invites comments on any 

aspect of the interim final rule and will 


tkelley on DSK3SPTVN1PROD with RULES
74596 Federal Register / Vol. 79, No. 241 / Tuesday, December 16, 2014 / Rules and Regulations 

1FHFA is issuing this Interim Final Rule with a 

request for comments to provide transparency on 

the prohibition and its implementation, though the 

Rule itself is not a legislative rule but is procedural 

and thus would be excepted from the normal notice 

and comment requirements of the Administrative 

Procedures Act, 5 U.S.C. 553(b) and 5 U.S.C. 

553(d)(3). 

take all comments into consideration 

before issuing a final rule. Copies of all 

comments will be posted without 

change, including any personal 

information you provide such as your 

name, address, email address and phone 

number, on the FHFA internet Web site 

at www.fhfa.gov. In addition, copies of 

all comments received will be available 

for examination by the public on 

business days between the hours of 

10:00 a.m. and 3:00 p.m., at the Federal 

Housing Finance Agency, Eighth Floor, 

400 Seventh Street SW., Washington, 

DC 20024. To make an appointment to 

inspect comments, please call the Office 

of General Counsel at (202) 649–3804. 

II. Background 

Section 1338 of the Federal Housing 

Enterprises Financial Safety and 

Soundness Act of 1992 (Safety and 

Soundness Act), as added by section 

1131(b) of the Housing and Economic 

Recovery Act of 2008 (HERA), directs 

the Secretary of the Department of 

Housing and Urban Development to 

establish and manage a Housing Trust 

Fund (HTF) that is funded by amounts 

allocated by Fannie Mae and Freddie 

Mac and any other amounts 

appropriated, transferred, or credited to 

the HTF under any other provision of 

law. 12 U.S.C. 4568(a); see also id. at 

4567(a). The purpose of the HTF is to 

provide grants to States ‘‘to increase and 

preserve the supply of rental housing for 

extremely low- and very low-income 

families, including homeless families’’ 

and ‘‘to increase homeownership for 

extremely low- and very low-income 

families.’’ Id. at 4568(a)(1). 

Separately, section 1339 of the Safety 

and Soundness Act, as added by section 

1131(b) of HERA, establishes the Capital 

Magnet Fund (CMF) within the U.S. 

Treasury as a special account within the 

Community Development Financial 

Institutions Fund. Id. at 4569(a). As 

with the HTF, the CMF is also funded 

by amounts allocated by Fannie Mae 

and Freddie Mac and any other amounts 

appropriated, transferred, or credited to 

it under any other provision of law. Id. 

at 4569(b); see also id. at 4567(a). Funds 

in the CMF are available to the Secretary 

of the Treasury to carry out a 

competitive grant program to attract 

private capital for, and increase 

investment in, ‘‘the development, 

preservation, rehabilitation, or purchase 

of affordable housing for primarily 

extremely low-, very low-, and lowincome families’’ and ‘‘economic 

development activities or community 

service facilities . . . which in 

conjunction with affordable housing 

activities implement a concerted 

strategy to stabilize or revitalize a lowincome area or underserved rural area.’’ 

Id. at 4569(c). 

Though the HTF is administered by 

the Secretary of HUD and the CMF is 

administered by the Secretary of the 

Treasury, Fannie Mae and Freddie Mac 

are supervised by FHFA. See generally 

id., at 4501 et seq. The Director of FHFA 

has general regulatory authority over 

each Enterprise and is responsible for 

ensuring that the purposes of the Safety 

and Soundness Act, the Enterprises’ 

charter acts, and any other applicable 

law are carried out. Id. at 4511(b). The 

duties of the Director include ensuring 

that the operations and activities of each 

Enterprise foster liquid, efficient, 

competitive and resilient national 

housing finance markets, including 

activities relating to mortgages on 

housing for low- and moderate-income 

families; that each Enterprise complies 

with the Safety and Soundness Act and 

any rules, regulations, orders and 

guidelines issued under it or the 

Enterprises’ charter acts; and that the 

activities of each Enterprise and the 

manner in which they are carried out 

are consistent with the public interest. 

Id. at 4513(a)(1)(B)(ii), (iii) and (v). The 

Director is authorized to issue any 

regulations, guidelines or orders 

necessary to carry out the duties of the 

Director under the Safety and 

Soundness Act or the Enterprise charter 

acts and to ensure that the purposes of 

such acts are accomplished. Id. at 4526. 

The Enterprises’ allocation obligations 

to support the HTF and CMF (together, 

the Funds) and related requirements are 

set forth at section 1337 of the Safety 

and Soundness Act. Id. at 4567. That 

section addresses the amount the 

Enterprises are to set aside and allocate 

to the Secretaries of HUD and the 

Treasury each fiscal year, based on the 

unpaid principal balance of their total 

new business purchases, which are the 

single- and multi-family residential 

mortgage loans or re-financings acquired 

by the Enterprises and held in portfolio 

or that support securities, notes or other 

obligations which the Enterprises 

guarantee. The section further directs 

the Director to issue a regulation 

prohibiting an Enterprise from 

redirecting the costs of any required 

allocation to the originators of 

mortgages the Enterprise purchases or 

securitizes, addresses enforcement of 

Enterprise compliance with the section 

and any regulation, rule or order issued 

pursuant to it, and authorizes the 

Director temporarily to suspend 

allocations if the Director makes any 

finding among three set forth by statute. 

Id. 

Pursuant to section 1337 and the 

Director’s general regulatory authority, 

the Director has determined to issue an 

Interim Final Rule prohibiting each 

Enterprise from passing through the 

costs of allocations to originators of 

mortgages purchased or securitized by 

the Enterprise. 

FHFA is issuing this rule as an 

Interim Final Rule with request for 

comments. Section 1337 requires the 

Director to issue a regulation regarding 

the prohibition against passing costs of 

the allocations required under the 

section to originators and how 

compliance with the requirements of the 

regulation and statute is to be enforced. 

The Interim Final Rule’s substantive 

provisions are established by statute and 

the rule does not deviate from or add to 

the statutory requirements. The need for 

the rule at this time is to support the 

implementation process that the 

Director will provide for the Enterprises 

to begin the process of setting aside and 

allocating monies for the Funds and to 

assure that the prohibition on pass 

through of costs accompanies the 

planning and deployment of funds. 

Further, the rule will support the 

development of regulatory oversight 

mechanisms to be put in place to assure 

compliance with the prohibition.1

Regulatory Impact 

Paperwork Reduction Act 

The interim final rule does not 

contain any information collection 

requirement that requires the approval 

of OMB under the Paperwork Reduction 

Act (44 U.S.C. 3501 et seq.). 

Regulatory Flexibility Act 

The Regulatory Flexibility Act (5 

U.S.C. 601 et seq.) requires that a rule 

that has a significant economic impact 

on a substantial number of small 

entities, small businesses, or small 

organizations must include an initial 

regulatory flexibility analysis describing 

the rule’s impact on small entities. Such 

an analysis need not be undertaken if 

the agency has certified that the rule 

will not have a significant economic 

impact on a substantial number of small 

entities. 5 U.S.C. 605(b). FHFA has 

considered the impact of the interim 

final rule under the Regulatory 

Flexibility Act. FHFA certifies that the 

Interim Final Rule is not likely to have 

a significant economic impact on a 

substantial number of small business 

entities because the rule is applicable 


tkelley on DSK3SPTVN1PROD with RULES
Federal Register / Vol. 79, No. 241 / Tuesday, December 16, 2014 / Rules and Regulations 74597 

only to the Enterprises, which are not 

small entities for purposes of the 

Regulatory Flexibility Act. 

List of Subjects in 12 CFR Part 1251 

Administrative practice and 

procedure, Capital Magnet Fund, 

Government-sponsored enterprises, 

Housing Trust Fund, Reporting and 

recordkeeping requirements. 

Authority and Issuance 

Accordingly, for the reasons stated in 

the Supplementary Information, under 

the authority of 12 U.S.C. 4567, the 

Federal Housing Finance Agency 

amends Chapter XII of Title 12 of the 

Code of Federal Regulations, as follows: 

CHAPTER XII—FEDERAL HOUSING 

FINANCE AGENCY 

SUBCHAPTER C—ENTERPRISES 

■ 1. Add part 1251 to Subchapter C to 

read as follows: 

PART 1251—CONTRIBUTIONS TO THE 

HOUSING TRUST AND CAPITAL 

MAGNET FUNDS 

Sec. 

1251.1 Purpose. 

1251.2 Definitions. 

1251.3 Prohibition on pass-through of cost 

of allocation; enforcement. 

1251.4 Submission of information. 

Authority: 12 U.S.C. 1452(c), 1718(b), 

4511(b), 4513(a), 4514(a), 4526(a), and 4567. 

§ 1251.1 Purpose. 

The purpose of this part is to 

implement a prohibition against an 

Enterprise redirecting the cost of any 

allocation to the Housing Trust Fund or 

the Capital Magnet Fund to originators 

of mortgages purchased or securitized 

by an Enterprise. 

§ 1251.2 Definitions. 

The following definitions apply to the 

terms used in and related specifically to 

this part. Definitions of other terms may 

be found in 12 CFR part 1201, General 

Definitions Applying to All Federal 

Housing Finance Agency Regulations: 

Capital Magnet Fund means that 

Fund established at section 1339(a) of 

the Safety and Soundness Act, 12 U.S.C. 

4569(a). 

Housing Trust Fund means that Fund 

established by section 1338(a) of the 

Safety and Soundness Act, 12 U.S.C. 

4568(a). 

§ 1251.3 Prohibition on pass-through of 

cost of allocation; enforcement. 

(a) In general. No Enterprise shall redirect or pass through the cost of any 

allocation to the Housing Trust Fund or 

the Capital Magnet Fund required 

pursuant to section 1337(a) of the Safety 

and Soundness Act, 12 U.S.C. 4567(a), 

through increased charges or fees, or 

decreased premiums, or in any other 

manner, to the originators of mortgages 

purchased or securitized by the 

Enterprise. 

(b) Enforcement. Compliance by each 

Enterprise with the foregoing 

prohibition shall be enforced under 

subpart 3 of part B of the Safety and 

Soundness Act, 12 U.S.C. 4581–89. 

§ 1251.4 Submission of information. 

The Director may issue guidance, 

orders, or notices on compliance with 

section 1337 and this part by the 

Enterprises, which may include 

information submissions by the 

Enterprises. 

Dated: December 10, 2014. 

Melvin L. Watt, 

Director, Federal Housing Finance Agency. 

[FR Doc. 2014–29345 Filed 12–15–14; 8:45 am] 

BILLING CODE 8070–01–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 39 

[Docket No. FAA–2014–0453; Directorate 

Identifier 2013–NM–205–AD; Amendment 

39–18049; AD 2014–25–07] 

RIN 2120–AA64 

Airworthiness Directives; Airbus 

Airplanes 

AGENCY: Federal Aviation 

Administration (FAA), Department of 

Transportation (DOT). 

ACTION: Final rule. 

SUMMARY: We are adopting a new 

airworthiness directive (AD) for certain 

Airbus Model A320–211, –212, –214, 

–231, –232, and –233 airplanes. This AD 

was prompted by a report of cracking at 

the splice plate of the frame (FR) 47 butt 

joint crossing area found during fullscale fatigue testing. This AD requires 

repetitive inspections for cracking of 

both sides of the splice plate of that 

frame butt joint crossing area, and 

corrective action if necessary. This AD 

also provides for an optional 

modification, which terminates the 

repetitive inspections. We are issuing 

this AD to detect and correct fatigue 

cracking of the splice plate of the FR 47 

butt joint crossing area, which could 

result in reduced structural integrity of 

the airplane. 

DATES: This AD becomes effective 

January 20, 2015. 

The Director of the Federal Register 

approved the incorporation by reference 

of certain publications listed in this AD 

as of January 20, 2015. 

ADDRESSES: You may examine the AD 

docket on the Internet at http://www.

regulations.gov/#!docketDetail;D=FAA2014-0453 or in person at the 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. 

For service information identified in 

this AD, contact Airbus, Airworthiness 

Office—EIAS, 1 Rond Point Maurice 

Bellonte, 31707 Blagnac Cedex, France; 

telephone +33 5 61 93 36 96; fax +33 5 

61 93 44 51; email account.airwortheas@airbus.com; Internet http://

www.airbus.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. 

FOR FURTHER INFORMATION CONTACT: 

Sanjay Ralhan, Aerospace Engineer, 

International Branch, ANM–116, 

Transport Airplane Directorate, FAA, 

1601 Lind Avenue SW., Renton, WA 

98057–3356; phone: 425–227–1405; fax: 

425–227–1149. 

SUPPLEMENTARY INFORMATION: 

Discussion 

We issued a notice of proposed 

rulemaking (NPRM) to amend 14 CFR 

part 39 by adding an AD that would 

apply to certain Airbus Model A320– 

211, –212, –214, –231, –232, and –233 

airplanes. The NPRM published in the 

Federal Register on July 18, 2014 (79 FR 

41940). 

The European Aviation Safety Agency 

(EASA), which is the Technical Agent 

for the Member States of the European 

Community, has issued EASA 

Airworthiness Directive 2013–0203, 

dated September 6, 2013 (referred to 

after this as the Mandatory Continuing 

Airworthiness Information, or ‘‘the 

MCAI’’), to correct an unsafe condition 

for certain Airbus Model A320–211, 

–212, –214, –231, –232, and –233 

airplanes. The MCAI states: 

During the full scale fatigue test on A320– 

200, cracks were reported at the splice plate 

of the frame (FR) 47 butt joint crossing area, 

both sides. 

This condition, if not detected and 

corrected, could affect the structural integrity 

of the aeroplane. 

Prompted by these findings, Airbus 

developed Mod 31012 and introduced this on 

the production line to modify the current 2 

fastener row butt joint into a 3 fastener row 

butt joint to prevent further damage. For inservice aeroplanes, a corresponding 

modification was developed and published 


tkelley on DSK3SPTVN1PROD with RULES