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

47164 

Vol. 82, No. 195 

Wednesday, October 11, 2017 

1 Id. 

FEDERAL RESERVE SYSTEM 

12 CFR Parts 211 and 238 

[Docket No. R–1569] 

RIN 7100–AE82 

Large Financial Institution Rating 

System; Regulations K and LL 

AGENCY: Board of Governors of the 

Federal Reserve System (Board). 

ACTION: Notice of proposed rulemaking; 

extension of comment period. 

SUMMARY: On August 17, 2017, the 

Board published in the Federal Register 

a proposed new rating system for its 

supervision of large financial 

institutions. To facilitate effective 

public comment, the Board has 

determined that an extension of the 

public comment period until November 

30, 2017, is appropriate. This action will 

allow interested persons additional time 

to analyze the proposal and prepare 

their comments. 

DATES: The comment period for the 

notice of proposed rulemaking 

published on August 17, 2017 (82 FR 

39049), is extended. Comments on the 

proposal must be received on or before 

November 30, 2017. 

ADDRESSES: Interested parties are 

invited to submit written comments by 

following the instructions for submitting 

comments at http://

www.federalreserve.gov/generalinfo/ 

foia/ProposedRegs.cfm. 

• Federal eRulemaking Portal: http:// 

www.regulations.gov. Follow the 

instructions for submitting comments. 

• Email: regs.comments@

federalreserve.gov. Include the docket 

number in the subject line of the 

message. 

• Fax: (202) 452–3819 or (202) 452– 

3102. 

• Mail: Address to Ann E. Misback, 

Secretary, Board of Governors of the 

Federal Reserve System, 20th Street and 

Constitution Avenue NW., Washington, 

DC 20551. 

All public comments will be made 

available on the Board’s Web site at 

http://www.federalreserve.gov/ 

generalinfo/foia/ProposedRegs.cfm as 

submitted, unless modified for technical 

reasons. Accordingly, comments will 

not be edited to remove any identifying 

or contact information. Public 

comments may also be viewed 

electronically or in paper in Room 3515, 

1801 K Street NW. (between 18th and 

19th Street NW.), Washington, DC 

20006 between 9:00 a.m. and 5:00 p.m. 

on weekdays. 

FOR FURTHER INFORMATION CONTACT: 

Richard Naylor, Associate Director, 

(202) 728–5854, Vaishali Sack, Manager, 

(202) 452–5221, April Snyder, Manager, 

(202) 452–3099, Bill Charwat, Senior 

Project Manager, (202) 452–3006, 

Division of Supervision and Regulation, 

Scott Tkacz, Senior Counsel, (202) 452– 

2744, or Christopher Callanan, Senior 

Attorney, (202) 452–3594, Legal 

Division, Board of Governors of the 

Federal Reserve System, 20th and C 

Streets NW., Washington, DC 20551. For 

the hearing impaired only, 

Telecommunications Device for the Deaf 

(TDD) users may contact (202) 263– 

4869. 

SUPPLEMENTARY INFORMATION: On August 

17, 2017, the Board published in the 

Federal Register a proposed new rating 

system for its supervision of large 

financial institutions. The proposed 

‘‘Large Financial Institution Rating 

System’’ is closely aligned with the 

Federal Reserve’s new supervisory 

program for large financial institutions. 

The proposed rating system would 

apply to all bank holding companies 

with total consolidated assets of $50 

billion or more; all non-insurance, noncommercial savings and loan holding 

companies with total consolidated 

assets of $50 billion or more; and U.S. 

intermediate holding companies of 

foreign banking organizations 

established pursuant to the Federal 

Reserve’s Regulation YY. The proposed 

rating system includes a new rating 

scale under which component ratings 

would be assigned for capital planning 

and positions, liquidity risk 

management and positions, and 

governance and controls; however, a 

standalone composite rating would not 

be assigned. The Federal Reserve 

proposes to assign initial ratings under 

the new rating system during 2018. The 

Federal Reserve is also seeking 

comment on proposed revisions to 

existing provisions in Regulations K and 

LL so they would remain consistent 

with certain features of the proposed 

rating system. 

In recognition of the range of issues 

addressed and the variety of 

considerations involved with 

implementing the proposal, the Board 

requested that commenters respond to a 

number of questions. The proposal 

stated that the public comment period 

would close on October 16, 2017.1

The Board believes that the additional 

period for comment will facilitate 

public comment on the provisions of the 

proposal and the questions posed by the 

Board. Therefore, the Board is extending 

the end of the comment period for the 

proposal from October 16, 2017, to 

November 30, 2017. 

By order of the Board of Governors of the 

Federal Reserve System, acting through the 

Secretary of the Board under delegated 

authority, October 5, 2017. 

Ann E. Misback, 

Secretary of the Board. 

[FR Doc. 2017–21860 Filed 10–10–17; 8:45 am] 

BILLING CODE P 

DEPARTMENT OF THE TREASURY 

Alcohol and Tobacco Tax and Trade 

Bureau 

27 CFR Part 4 

[Docket No. TTB–2016–0011; Notice No. 

165A; Re: Notice No. 165] 

RIN 1513–AC24 

Proposed Addition of New Grape 

Variety Names for American Wines; 

Comment Period Reopening 

AGENCY: Alcohol and Tobacco Tax and 

Trade Bureau, Treasury. 

ACTION: Notice of proposed rulemaking; 

reopening of comment period. 

SUMMARY: The Alcohol and Tobacco Tax 

and Trade Bureau is reopening for an 

additional 60 days the comment period 

for Notice No. 165, Proposed Addition 

of New Grape Variety Names for 

American Wines, a notice of proposed 

rulemaking published in the Federal 

Register on November 17, 2016. TTB is 

taking this action in response to 

requests from several wine industry 

members and trade associations. 


asabaliauskas on DSKBBXCHB2PROD with PROPOSALS
Federal Register / Vol. 82, No. 195 / Wednesday, October 11, 2017 / Proposed Rules 47165 

DATES: The comment period for the 

proposed rule published on November 

17, 2016 (81 FR 81023) is reopened for 

60 days. Written comments on Notice 

No. 165 are now due on or before 

December 11, 2017. 

ADDRESSES: Please send your comments 

on Notice No. 165 to one of the 

following addresses: 

• Internet: https://

www.regulations.gov (via the online 

comment form for Notice No. 165 as 

posted within Docket No. TTB–2016– 

0011 at Regulations.gov, the Federal erulemaking portal); 

• U.S. Mail: Director, Regulations and 

Rulings Division, Alcohol and Tobacco 

Tax and Trade Bureau, 1310 G Street 

NW., Box 12, Washington, DC 20005; or 

• Hand delivery/courier in lieu of 

mail: Alcohol and Tobacco Tax and 

Trade Bureau, 1310 G Street NW., Suite 

400, Washington, DC 20005. 

See the Public Participation section of 

Notice No. 165 for specific instructions 

and requirements for submitting 

comments, and for information on how 

to request a public hearing. 

You may view copies of this 

document, Notice No. 165, and any 

comments made to TTB about the 

described proposals at https://

www.regulations.gov within Docket No. 

TTB–2016–0011. A link to that docket is 

posted on the TTB Web site at https:// 

www.ttb.gov/wine/winerulemaking.shtml under Notice No. 165. 

You also may view copies of this 

document, Notice No. 165, and any 

comments made to TTB about the 

described proposals by appointment at 

the TTB Information Resource Center, 

1310 G Street NW., Washington, DC 

20005. Please call (202) 453–2270 to 

make an appointment. 

FOR FURTHER INFORMATION CONTACT: 

Jennifer Berry, Alcohol and Tobacco 

Tax and Trade Bureau, Regulations and 

Rulings Division; telephone 202–453– 

1039, ext. 275. 

SUPPLEMENTARY INFORMATION: In Notice 

No. 165, a notice of proposed 

rulemaking published in the Federal 

Register on November 17, 2016 (81 FR 

81023), the Alcohol and Tobacco Tax 

and Trade Bureau (TTB) requested 

public comment on proposals to amend 

its wine labeling regulations by adding 

a number of new names to the list of 

grape variety names approved for use in 

designating American wines, removing 

one existing entry and replacing it with 

a slightly different name, and correcting 

the spelling of another existing entry. 

The proposed amendments would allow 

wine bottlers to use additional approved 

grape variety names on wine labels and 

in wine advertisements. The 60-day 

comment period for Notice No. 165 

originally closed on January 17, 2017. 

During the original comment period, 

TTB received three requests to extend 

the comment period. The first request 

came from the National Association of 

Beverage Importers (NABI), an alcohol 

beverage industry trade association, and 

requested a 60-day extension of the 

comment period for Notice No. 165. In 

its request, NABI noted that Notice No. 

165 was issued during the busy holiday 

season when many compliance 

personnel took vacation time, and it 

noted that the proposed list of 51 new 

grape variety names includes terms that 

appear as brand names on various 

beverage alcohol products. The NABI 

request stated that its members require 

additional time ‘‘to assure that potential 

conflicts, confusion, misunderstanding 

or other issues are brought to the 

attention of TTB.’’ The NABI comment 

is posted as Comment 5 within Docket 

No. TTB–2016–0011 on the 

Regulations.gov Web site at https://

www.regulations.gov. 

The second request was submitted on 

behalf of the French Federation of Wine 

and Spirits Exporters (FEVS), and it also 

requested a 60-day extension of the 

comment period for Notice No. 165 (see 

Comment 9). The FEVS comment noted 

that it was unable to gather enough 

information to comment on the 

proposals in Notice No. 165, including 

the proposed addition of Esprit to the 

approved list of grape names ‘‘due to an 

extended holiday season.’’ The 

comment stated that FEVS required 

additional time to finalize its research of 

the COLA database and to bring to 

TTB’s attention any potential conflicts 

between Esprit as an approved grape 

name and common terms used in wine 

brand or fanciful names. 

The third request was submitted by 

the law firm of Dickerson, Peatman and 

Fogarty on behalf of ‘‘certain French 

wine producers that sell wine into the 

U.S. under a brand or fanciful name that 

includes the word ‘‘Esprit’’ (see 

Comment 18). The comment added that 

these producers only recently became 

aware of the proposed addition of Esprit 

to the list of approved grape names for 

American wines and are concerned that 

such action may adversely impact their 

intellectual property rights and ability 

to sell their wine in the U.S. The 

commenter, therefore, requested an 

extension of the comment period but 

did not specify a time period. 

In response to these requests, TTB is 

reopening the comment period for 

Notice No. 165 for an additional 60 

days. TTB believes that an additional 

60-day comment period will allow all 

interested parties to fully consider the 

impact of the new grape varietal names 

for American wines proposed in Notice 

No. 165. 

Therefore, comments on Notice No. 

165 are now due on or before December 

11, 2017. Comments on Notice No. 165 

may be submitted as described above in 

the ADDRESSES section of this document. 

Drafting Information 

Michael Hoover of the Regulations 

and Rulings Division drafted this 

document. 

Signed: September 28, 2017. 

John J. Manfreda, 

Administrator. 

[FR Doc. 2017–21810 Filed 10–10–17; 8:45 am] 

BILLING CODE 4810–31–P 

DEPARTMENT OF THE TREASURY 

Alcohol and Tobacco Tax and Trade 

Bureau 

27 CFR Parts 4 and 24 

[Docket No. TTB–2016–0005; Notice No. 

160B; Re: Notice Nos. 160 and 160A] 

RIN 1513–AC27 

Proposed Revisions to Wine Labeling 

and Recordkeeping Requirements; 

Comment Period Reopening 

AGENCY: Alcohol and Tobacco Tax and 

Trade Bureau, Treasury. 

ACTION: Notice of proposed rulemaking; 

reopening of comment period. 

SUMMARY: The Alcohol and Tobacco Tax 

and Trade Bureau (TTB) is reopening for 

an additional 90 days the comment 

period for Notice No. 160, Proposed 

Revisions to Wine Labeling and 

Recordkeeping Requirements, a notice 

of proposed rulemaking published in 

the Federal Register on June 22, 2016. 

In Notice No. 160, TTB proposed to 

amend its labeling and recordkeeping 

regulations in 27 CFR part 24 to provide 

that any standard grape wine containing 

7 percent or more alcohol by volume 

that is covered by a certificate of 

exemption from label approval may be 

labeled with a varietal (grape type) 

designation, a type designation of 

varietal significance, a vintage date, or 

an appellation of origin only if the wine 

is labeled in compliance with the 

standards set forth in the appropriate 

sections of 27 CFR part 4 for that label 

information. TTB also proposed to 

amend its part 4 wine labeling 

regulations to include a reference to the 

new part 24 requirement. TTB is 

reopening the comment period a second 

time in response to requests from a 

number of commenters. In addition, 


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