80 FR 36252 - Regulatory Publication and Review Under the Economic Growth and Regulatory Paperwork Reduction Act of 1996
NATIONAL CREDIT UNION ADMINISTRATION Federal Register Volume 80, Issue 121 (June 24, 2015)
Federal Register Volume 80, Issue 121 (June 24, 2015)
| Page Range | 36252-36255 | |
| FR Document | 2015-15472 |
[Federal Register Volume 80, Number 121 (Wednesday, June 24, 2015)] [Proposed Rules] [Pages 36252-36255] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-15472] ======================================================================= ----------------------------------------------------------------------- NATIONAL CREDIT UNION ADMINISTRATION 12 CFR Chapter VII Regulatory Publication and Review Under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 AGENCY: National Credit Union Administration. ACTION: Notice of regulatory review; request for comments. ----------------------------------------------------------------------- SUMMARY: The NCUA Board (Board) is continuing its comprehensive review of its regulations to identify outdated, unnecessary, or burdensome regulatory requirements imposed on federally insured credit unions, as contemplated by section 2222 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). This second decennial review of regulations began when the Board issued its first EGRPRA notice on May 22, 2014, covering the two categories of ``Applications and Reporting'' and ``Powers and Activities.'' The second notice followed, covering the three categories of ``Agency Programs,'' ``Capital,'' and ``Consumer Protection,'' which was published on December 19, 2014. The Board continues the review process with the publication of this third notice, covering the next three categories of rules: ``Corporate Credit Unions,'' ``Directors, Officers and Employees,'' and ``Money Laundering.'' This review presents a significant opportunity to consider the possibilities for burden reduction in groups of similar regulations. The Board welcomes comment on the categories, the order of review, and all other aspects of this initiative in order to maximize the review's effectiveness. DATES: Comment must be received on or before September 22, 2015. ADDRESSES: You may submit comments by any of the following methods (Please send comments by one method only):Federal eRulemaking Portal: http://www.regulations.gov. Follow the instructions for submitting comments. NCUA Web site: http://www.ncua.gov/RegulationsOpinionsLaws/proposed_regs/proposed_regs.html. Follow the instructions for submitting comments. Email: Address to regcomments@ncua.gov. Include ``[Your name] Comments on Regulatory Review pursuant to EGRPRA'' in the email subject line. Fax: (703) 518-6319. Use the subject line described above for email. Mail: Address to Gerard Poliquin, Secretary of the Board, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314-3428. Hand Delivery/Courier: Same as mail address. Public Inspection: All public comments are available on the agency's Web site at http://www.ncua.gov/Legal/Regs/Pages/PropRegs.aspx as submitted, except as may not be possible for technical reasons. Public comments will not be edited to remove any identifying or contact information. Paper copies of comments may be inspected in NCUA's law library at 1775 Duke Street, Alexandria, Virginia 22314, by appointment weekdays between 9:00 a.m. and 3:00 p.m. To make an appointment, call (703) 518-6546 or send an email to OGCMail@ncua.gov. FOR FURTHER INFORMATION CONTACT: Ross P. Kendall, Special Counsel to the General Counsel, at the above address, or telephone: (703) 518- 6562. SUPPLEMENTARY INFORMATION: This second decennial review of regulations began when the Board issued its first EGRPRA notice on May 22, 2014, covering the two categories of ``Applications and Reporting'' and ``Powers and Activities.'' \1\ The second notice followed, covering the three categories of ``Agency Programs,'' ``Capital,'' and ``Consumer Protection,'' which was published on December 19, 2014.\2\ --------------------------------------------------------------------------- \1\ 79 FR 32121 (June 4, 2014) \2\ 79 FR 79763 (December 19, 2014) --------------------------------------------------------------------------- I. Introduction Congress enacted EGRPRA \3\ as part of an effort to minimize unnecessary government regulation of financial institutions consistent with safety and soundness, consumer protection, and other public policy goals. Under EGRPRA, the appropriate federal banking agencies (Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, and Federal Deposit Insurance [[Page 36253]] Corporation; herein Agencies \4\) and the Federal Financial Institutions Examination Council (FFIEC) must review their regulations to identify outdated, unnecessary, or unduly burdensome requirements imposed on insured depository institutions. The Agencies are required, jointly or individually, to categorize regulations by type, such as ``consumer regulations'' or ``safety and soundness'' regulations. Once the categories have been established, the Agencies must provide notice and ask for public comment on one or more of these regulatory categories. --------------------------------------------------------------------------- \3\ Pub. L. 104-208, Div. A, Title II, section 2222, 110 Stat. 3009 (1996); codified at 12 U.S.C. 3311. \4\ The Office of Thrift Supervision was still in existence at the time EGRPRA was enacted and was included in the listing of Agencies. Since that time, the OTS has been eliminated and its responsibilities have passed to the Agencies and the Consumer Financial Protection Bureau. --------------------------------------------------------------------------- NCUA is not technically required to participate in the EGRPRA review process, since NCUA is not an ``appropriate Federal banking agency'' as specified in EGRPRA. In keeping with the spirit of the law, however, the Board has once again elected to participate in the review process. Thus, NCUA has participated along with the Agencies in the planning process, but has developed its own regulatory categories that are comparable with those developed by the Agencies. Because of the unique circumstances of federally insured credit unions and their members, the Board is issuing a separate notice from the Agencies. NCUA's notice is consistent and comparable with the Agencies' notice, except on issues that are unique to credit unions. One such unique issue, corporate credit unions, is included in this third notice. In accordance with the objectives of EGRPRA, the Board asks the public to identify areas of its regulations that are outdated, unnecessary, or unduly burdensome. In addition to this third notice, the Board will issue one more notice for comment later on during 2015. The EGRPRA review supplements and complements the reviews of regulations that NCUA conducts under other laws and its internal policies.\5\ --------------------------------------------------------------------------- \5\ Interpretive Ruling and Policy Statement (IRPS) 87-2, 52 FR 35231 (Sept. 8, 1987) as amended by IRPS 03-2, 68 FR 32127 (May 29, 2003.) (Reflecting NCUA's commitment to ``periodically update, clarify and simplify existing regulations and eliminate redundant and unnecessary provisions.'') --------------------------------------------------------------------------- As the Board noted in its initial EGRPRA notice, the creation of the Consumer Financial Protection Bureau (CFPB) resulted in the transfer to it of responsibility for certain consumer protection rules that had previously been the responsibility of the Agencies and/or NCUA, such as Regulation Z and rules governing consumer privacy. Because the CFPB is not covered by EGRPRA or required to participate in this regulatory review process, the Agencies and NCUA excluded certain consumer protection regulations from the scope of the current review.\6\ --------------------------------------------------------------------------- \6\ In addition to rules that have been transferred to the CFPB, insured credit unions are also subject to certain other regulations that are not required to be reviewed under the EGRPRA process, such as regulations issued by the Department of the Treasury's Financial Crimes Enforcement Network. Any comment received during the EGRPRA process that pertains to such a rule will be forwarded to the appropriate agency. --------------------------------------------------------------------------- EGRPRA contemplates a two-part regulatory response. First, NCUA will publish in the Federal Register a summary of the comments received, identifying and discussing the significant issues raised. Second, the law directs the Agencies to ``eliminate unnecessary regulations to the extent that such action is appropriate.'' As was done during the initial decennial review process, the Board anticipates that it will prepare its response separately from the Agencies, but at around the same time. EGRPRA further requires the FFIEC to submit a report to the Congress within 30 days after NCUA and the Agencies publish the comment summary and analysis in the Federal Register. This report must summarize any significant issues raised by the public comments and the relative merits of those issues. The report also must analyze whether the appropriate federal financial regulator involved is able to address the regulatory burdens associated with the issues by regulation, or whether the burdens must be addressed by legislation. The FFIEC report submitted to Congress following the initial decennial EGRPRA review included an Agency section discussing banking sector issues and a separate section devoted to NCUA and credit union issues. It is likely that the FFIEC will follow a similar approach in this second decennial EGRPRA review and report process. II. The EGRPRA Review's Special Focus The regulatory review contemplated by EGRPRA provides a significant opportunity for the public and the Board to consider groups of related regulations and identify possibilities for streamlining. The EGRPRA review's overall focus on the totality of regulations will offer a new perspective in identifying opportunities to reduce regulatory burden. For example, the EGRPRA review may facilitate the identification of regulatory requirements that are no longer consistent with the way business is conducted and that therefore might be eliminated. Of course, reducing regulatory burden must be consistent with ensuring the continued safety and soundness of federally insured credit unions and appropriate consumer protections. EGRPRA also recognizes that burden reduction must be consistent with NCUA's statutory mandates, many of which currently require certain regulations. One of the significant aspects of the EGRPRA review program is the recognition that effective burden reduction in certain areas may require legislative change. The Board will be soliciting comment on, and reviewing the comments and regulations carefully for, the relationship among burden reduction, regulatory requirements, and statutory mandates. This will be a key aspect of the report to Congress. The Board views the approach of considering the relationship of regulatory and statutory change on regulatory burden, in concert with EGRPRA's provisions calling for grouping regulations by type, to provide the potential for particularly effective burden reduction. The Board believes the EGRPRA review can also significantly contribute to its on-going efforts to reduce regulatory burden. Since 1987, a formally adopted NCUA policy has required the Board to review each of its regulations at least once every three years with a view toward eliminating, simplifying, or otherwise easing the burden of each regulation.\7\ Further, the Board addresses the issue of regulatory burden every time it proposes and adopts a rule. Under the Paperwork Reduction Act of 1995,\8\ the Regulatory Flexibility Act,\9\ and internal agency policies, NCUA examines each rulemaking to minimize the burdens it might impose on the industry and considers various alternatives. --------------------------------------------------------------------------- \7\ IRPS 87-2, 52 FR 35231 (Sept. 8, 1987) as amended by IRPS 03-2, 68 FR 32127 (May 29, 2003). \8\ 44 U.S.C. 3501 et seq. \9\ 5 U.S.C. 601 et seq. --------------------------------------------------------------------------- The Board is particularly sensitive to the impact of agency rules on small institutions. In 2013, the Board formally increased the threshold for meeting the ``small'' classification to having assets of $50 million or less.\10\ The Board is cognizant that each new or amended regulation has the potential for requiring significant expenditures of time, effort, and money to achieve compliance, and also that this burden can be particularly [[Page 36254]] difficult for institutions of smaller asset size, with fewer resources available. --------------------------------------------------------------------------- \10\ In February 2015, the Board proposed raising the threshold again, this time to $100 million. 80 FR 11954 (Mar. 5, 2015). The Board has not yet taken final action with respect to the proposal. --------------------------------------------------------------------------- III. The Board's Proposed Plan EGRPRA contemplates the categorization of regulations by ``type.'' During the initial decennial review, the Board developed and published for comment ten categories for NCUA's rules, including some that had been issued jointly with the Agencies. The Board believes these initial categories worked well for the purpose of presenting a framework for the review and so has retained them for this second review.\11\ The categories, in alphabetical order, are: Agency Programs; Applications and Reporting; Capital; Consumer Protection; Corporate Credit Unions; Directors, Officers and Employees; Money Laundering; Powers and Activities; Rules of Procedure; and Safety and Soundness. As noted above, some of the rules in the consumer protection category are now under CFPB's jurisdiction and administration, and those affected rules have been eliminated. Any rules adopted for the first time since 2006 have been included in the appropriate category.\12\ Rules still in proposed form are not included in this review; commenters may be sure that comments submitted directly in response to proposed rules will be given due consideration within that process. --------------------------------------------------------------------------- \11\ Consistent with EGRPRA's focus on reducing burden on insured credit unions, the Board has not included internal, organizational or operational regulations in this review. These regulations impose minimal, if any, burden on insured credit unions. \12\ Commenters should note, in this respect, that for new regulations that have only recently gone into effect, some passage of time may be necessary before the burden associated with the regulatory requirements can be fully and properly understood. --------------------------------------------------------------------------- As the Board noted during the initial decennial review, although there are other possible ways of categorizing its rules, these ten categories ``are logical groupings that are not so broad such that the number of regulations presented in any one category would overwhelm potential commenters. The categories also reflect recognized areas of industry interest and specialization or are particularly critical to the health of the credit union system.'' As was also noted during the initial review, some regulations, such as lending, pertain to more than one category and are included in all applicable categories. The Board remains convinced that publishing its rules for public comment separately from the Agencies is the most effective method for achieving EGRPRA's burden reduction goals for federally insured credit unions. Owing to differences in the credit union system as compared to the banking system, there is not a direct, category by category, correlation between NCUA's rules and those of the Agencies. For example, credit unions deal with issues such as membership, credit union service organizations, and corporate credit unions, all of which are unique to credit union operations. Similarly, certain categories identified by the Agencies have limited or no applicability in the credit union sector, such as community reinvestment, international operations, and securities. The categories developed by the Board and the Agencies reflect these differences. The Board intends to maintain comparability with the Agencies' notices to the extent there is overlap or similarity in the issues and the categories. After the conclusion of the comment period for each EGRPRA notice published in the Federal Register, the Board will review the comments it has received and decide whether further action is appropriate with respect to the categories of regulations included in that notice. The Board has prepared two charts to assist public understanding of the organization of its review. The first chart, set forth at Section V.A. below, presents the three categories of regulations on which NCUA is requesting burden reduction recommendations in this notice. The three categories are shown in the left column. In the middle column are the subject matters that fall within the categories and in the far right column are the regulatory citations. The second chart, set forth at Section V.B. below, presents the remaining two categories in alphabetical order in a similar format. IV. Request for Burden Reduction Recommendations About the Categories of Regulations: ``Corporate Credit Unions,'' ``Directors, Officers, and Employees,'' and ``Money Laundering'' The Board seeks public comment on regulations within the following three categories--``Corporate Credit Unions,'' ``Directors, Officers, and Employees,'' and ``Money Laundering''-- that may impose outdated, unnecessary, or unduly burdensome regulatory requirements on federally insured credit unions. Comments that cite particular provisions or language, and provide reasons why such provisions should be changed, would be most helpful to NCUA's review efforts. Suggested alternative provisions or language, where appropriate, would also be helpful. If the implementation of a comment would require modifying a statute that underlies the regulation, the comment should, if possible, identify the needed statutory change. Specific issues for commenters to consider. While all comments related to any aspect of the EGRPRA review are welcome, the Board specifically invites comment on the following issues: Need and purpose of the regulations. Do the regulations in these categories fulfill current needs? Has industry or other circumstances changed since a regulation was written such that the regulation is no longer necessary? Have there been shifts within the industry or consumer actions that suggest a re-focus of the underlying regulations? Do any of the regulations in these categories impose burdens not required by their authorizing statutes? Need for statutory change. Do the statutes impose unnecessary requirements? Are any of the statutory requirements underlying these categories redundant, conflicting or otherwise unduly burdensome? If so, how should the statutes be amended? Overarching approaches/flexibility of the regulatory standards. Generally, is there a different approach to regulating that the Board could use that would achieve statutory goals while imposing less burden? Do any of the regulations in these categories or the statutes underlying them impose unnecessarily inflexible requirements? Effect of the regulations on competition. Do any of the regulations in these categories or the statutes underlying them create competitive disadvantages for credit unions compared to another part of the financial services industry? If so, how should these regulations be amended? Reporting, recordkeeping and disclosure requirements. Do any of the regulations in these categories or the statutes underlying them impose particularly burdensome reporting, recordkeeping or disclosure requirements? Are any of these requirements similar enough in purpose and use so that they could be consolidated? What, if any, of these requirements could be fulfilled electronically to reduce their burden? Please provide specific recommendations. Consistency and redundancy. Do any of the regulations in these categories impose inconsistent or redundant regulatory requirements that are not warranted by the circumstances? Clarity. Are the regulations in these categories and the underlying statutes drafted in clear and easily understood language? Are there specific regulations or underlying statutes that need clarification? Scope of rules. Is the scope of each rule in these categories consistent with the intent of the underlying statute(s)? [[Page 36255]] Could we amend the scope of a rule to clarify its applicability or to reduce the burden, while remaining faithful to statutory intent? If so, specify which regulation(s) should be clarified. Burden on small insured institutions. The Board has a particular interest in minimizing burden on small insured credit unions (those with less than $50 million in assets). NCUA solicits comment on whether any regulations within these categories should be continued without change, amended or rescinded in order to minimize any significant economic impact the regulations may have on a substantial number of small federally insured credit unions. V.A.--Regulations About Which Burden Reduction Recommendations Are Requested Currently ------------------------------------------------------------------------ ------------------------------------------------------------------------ Corporate Credit Unions....... Corporate credit 12 CFR 704. unions. Directors, Officers, and Loans and lines of 12 CFR Employees. credit to officials. 701.21(d). Reimbursement, 12 CFR 701.33. insurance, and indemnification of officials and employees. Retirement benefits 12 CFR 701.19. for employees. Management officials 12 CFR 711. interlock. Fidelity bond and 12 CFR 713. insurance coverage. General authorities 12 CFR 701.4. and duties of federal credit union directors. Golden parachutes and 12 CFR 750. indemnification payments. Money Laundering.............. Report of crimes or 12 CFR 748.1. suspected crimes. Bank Secrecy Act...... 12 CFR 748.2. ------------------------------------------------------------------------ V.B.--Categories and Regulations About Which NCUA Will Seek Comment Later ------------------------------------------------------------------------ ------------------------------------------------------------------------ Rules of Procedure............ Liquidation 12 CFR 709 and (involuntary and 710. voluntary). Uniform rules of 12 CFR 747, practice and subpart A. procedure. Local rules of 12 CFR 747, practice and subpart B. procedure. Safety and Soundness.......... Lending............... 12 CFR 701.21. Investments........... 12 CFR 703. Supervisory committee 12 CFR 715. audit. Security programs..... 12 CFR 748.0. Guidelines for 12 CFR 748, safeguarding member Appendices A information and and B. responding to unauthorized access to member information. Records preservation 12 CFR 749. program and record retention appendix. Appraisals............ 12 CFR 722. Examination........... 12 CFR 741.1. Liquidity and 12 CFR 741.12. contingency funding plans. Regulations codified 12 CFR 741, elsewhere in NCUA's subpart B. regulations as applying to federal credit unions that also apply to federally insured state-chartered credit unions. ------------------------------------------------------------------------ By the National Credit Union Administration Board on June 18, 2015. Gerard Poliquin, Secretary of the Board. [FR Doc. 2015-15472 Filed 6-23-15; 8:45 am] BILLING CODE 7535-01-P
![36252 Federal Register / Vol. 80, No. 121 / Wednesday, June 24, 2015 / Proposed Rules
Care Information System 2 and the recommendations. We will consider all • NCUA Web site: http://
APHIS annual report provide an comments we receive. www.ncua.gov/
insufficient level of detail about animals Authority: 7 U.S.C. 2131–2159; 7 CFR RegulationsOpinionsLaws/proposed_
used for research. NAVS requested that 2.22, 2.80, and 371.7. regs/proposed_regs.html. Follow the
we amend the AWA reporting instructions for submitting comments.
Done in Washington, DC, this 18th day of
regulations to require research facilities June 2015. • Email: Address to regcomments@
to provide us with information about ncua.gov. Include ‘‘[Your name]
Kevin Shea,
how animals are being used for research Comments on Regulatory Review
and experimentation and that we Administrator, Animal and Plant Health
pursuant to EGRPRA’’ in the email
Inspection Service.
publish this information in the annual subject line.
[FR Doc. 2015–15499 Filed 6–23–15; 8:45 am]
report of research facilities. NAVS also • Fax: (703) 518–6319. Use the
requested that APHIS replace the BILLING CODE 3410–34–P
subject line described above for email.
current reporting form 3 used by • Mail: Address to Gerard Poliquin,
research facilities with a template 4 Secretary of the Board, National Credit
comparable to that used by Member NATIONAL CREDIT UNION Union Administration, 1775 Duke
States of the European Union (EU), ADMINISTRATION Street, Alexandria, Virginia 22314–
which provides an accounting of the 3428.
12 CFR Chapter VII
numbers and types of animals, and for • Hand Delivery/Courier: Same as
what specific research, testing, and Regulatory Publication and Review mail address.
educational purposes the animals are Under the Economic Growth and Public Inspection: All public
being used. Regulatory Paperwork Reduction Act comments are available on the agency’s
We are making this petition available Web site at http://www.ncua.gov/Legal/
of 1996
to the public and soliciting comments to Regs/Pages/PropRegs.aspx as submitted,
help determine what action, if any, to AGENCY: National Credit Union except as may not be possible for
take in response to this request. The Administration. technical reasons. Public comments will
petition and any comments submitted ACTION: Notice of regulatory review; not be edited to remove any identifying
are available for review as indicated request for comments. or contact information. Paper copies of
under ADDRESSES above. We welcome comments may be inspected in NCUA’s
all comments on the issues outlined in SUMMARY: The NCUA Board (Board) is law library at 1775 Duke Street,
the petition. In particular, we invite continuing its comprehensive review of Alexandria, Virginia 22314, by
responses to the following questions: its regulations to identify outdated, appointment weekdays between 9:00
1. Should APHIS amend the unnecessary, or burdensome regulatory a.m. and 3:00 p.m. To make an
regulations to require research facilities requirements imposed on federally appointment, call (703) 518–6546 or
that use animals for teaching, testing, insured credit unions, as contemplated send an email to OGCMail@ncua.gov.
and experimentation to provide specific by section 2222 of the Economic Growth
FOR FURTHER INFORMATION CONTACT: Ross
information about how regulated and Regulatory Paperwork Reduction
P. Kendall, Special Counsel to the
animals are used (for example, for safety Act of 1996 (EGRPRA). This second
General Counsel, at the above address,
testing, teaching purposes, or disease decennial review of regulations began
or telephone: (703) 518–6562.
research)? Would reporting this when the Board issued its first EGRPRA
information improve animal welfare? If notice on May 22, 2014, covering the SUPPLEMENTARY INFORMATION: This
so, how? two categories of ‘‘Applications and second decennial review of regulations
2. If research facilities were required Reporting’’ and ‘‘Powers and began when the Board issued its first
to report the purposes of their animal Activities.’’ The second notice followed, EGRPRA notice on May 22, 2014,
research activities, what types of covering the three categories of ‘‘Agency covering the two categories of
information should be provided, and Programs,’’ ‘‘Capital,’’ and ‘‘Consumer ‘‘Applications and Reporting’’ and
why? Protection,’’ which was published on ‘‘Powers and Activities.’’ 1 The second
3. What might be the effects, if any, December 19, 2014. The Board notice followed, covering the three
on research facilities if they are required continues the review process with the categories of ‘‘Agency Programs,’’
to collect and report this additional publication of this third notice, covering ‘‘Capital,’’ and ‘‘Consumer Protection,’’
information? the next three categories of rules: which was published on December 19,
4. Does the annual reporting form ‘‘Corporate Credit Unions,’’ ‘‘Directors, 2014.2
currently required to be used by Officers and Employees,’’ and ‘‘Money I. Introduction
research facilities capture sufficient Laundering.’’ This review presents a
information? If not, what information is significant opportunity to consider the Congress enacted EGRPRA 3 as part of
missing? possibilities for burden reduction in an effort to minimize unnecessary
We encourage the submission of groups of similar regulations. The Board government regulation of financial
scientific data, studies, or research to welcomes comment on the categories, institutions consistent with safety and
support your comments and position. the order of review, and all other soundness, consumer protection, and
We also invite data on the costs and aspects of this initiative in order to other public policy goals. Under
benefits associated with any maximize the review’s effectiveness. EGRPRA, the appropriate federal
banking agencies (Office of the
DATES: Comment must be received on or
tkelley on DSK3SPTVN1PROD with PROPOSALS
2 Animal Care Information System (ACIS), Comptroller of the Currency, Board of
before September 22, 2015.
accessible at: https://acissearch.aphis.usda.gov/ Governors of the Federal Reserve
LPASearch/faces/Warning.jspx. ADDRESSES: You may submit comments System, and Federal Deposit Insurance
3 Form 7023, Annual Report of Research Facility:
by any of the following methods (Please
http://www.aphis.usda.gov/library/forms/pdf/ send comments by one method only): 1 79FR 32121 (June 4, 2014)
APHIS_7023.pdf.
4 The EU reporting template cited by NAVS can • Federal eRulemaking Portal: http:// 2 79FR 79763 (December 19, 2014)
be viewed at http://www.navs.org/file/APHIS- www.regulations.gov. Follow the 3 Pub. L. 104–208, Div. A, Title II, section 2222,
Modified-Template_121214.xls. instructions for submitting comments. 110 Stat. 3009 (1996); codified at 12 U.S.C. 3311.
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![Federal Register / Vol. 80, No. 121 / Wednesday, June 24, 2015 / Proposed Rules 36255
Could we amend the scope of a rule to interest in minimizing burden on small minimize any significant economic
clarify its applicability or to reduce the insured credit unions (those with less impact the regulations may have on a
burden, while remaining faithful to than $50 million in assets). NCUA substantial number of small federally
statutory intent? If so, specify which solicits comment on whether any insured credit unions.
regulation(s) should be clarified. regulations within these categories
• Burden on small insured should be continued without change,
institutions. The Board has a particular amended or rescinded in order to
V.A.—REGULATIONS ABOUT WHICH BURDEN REDUCTION RECOMMENDATIONS ARE REQUESTED CURRENTLY
Corporate Credit Unions ................. Corporate credit unions ......................................................................... 12 CFR 704.
Directors, Officers, and Employees Loans and lines of credit to officials ...................................................... 12 CFR 701.21(d).
Reimbursement, insurance, and indemnification of officials and em- 12 CFR 701.33.
ployees.
Retirement benefits for employees ........................................................ 12 CFR 701.19.
Management officials interlock .............................................................. 12 CFR 711.
Fidelity bond and insurance coverage .................................................. 12 CFR 713.
General authorities and duties of federal credit union directors ........... 12 CFR 701.4.
Golden parachutes and indemnification payments ............................... 12 CFR 750.
Money Laundering .......................... Report of crimes or suspected crimes .................................................. 12 CFR 748.1.
Bank Secrecy Act .................................................................................. 12 CFR 748.2.
V.B.—CATEGORIES AND REGULATIONS ABOUT WHICH NCUA WILL SEEK COMMENT LATER
Rules of Procedure ......................... Liquidation (involuntary and voluntary) .................................................. 12 CFR 709 and 710.
Uniform rules of practice and procedure ............................................... 12 CFR 747, subpart A.
Local rules of practice and procedure ................................................... 12 CFR 747, subpart B.
Safety and Soundness .................... Lending .................................................................................................. 12 CFR 701.21.
Investments ............................................................................................ 12 CFR 703.
Supervisory committee audit ................................................................. 12 CFR 715.
Security programs .................................................................................. 12 CFR 748.0.
Guidelines for safeguarding member information and responding to 12 CFR 748, Appendices A and B.
unauthorized access to member information.
Records preservation program and record retention appendix ............ 12 CFR 749.
Appraisals .............................................................................................. 12 CFR 722.
Examination ........................................................................................... 12 CFR 741.1.
Liquidity and contingency funding plans ............................................... 12 CFR 741.12.
Regulations codified elsewhere in NCUA’s regulations as applying to 12 CFR 741, subpart B.
federal credit unions that also apply to federally insured state-char-
tered credit unions.
By the National Credit Union Company Model 747–100, 747–100B, 11.43 and 11.45, by any of the following
Administration Board on June 18, 2015. 747–100B SUD, 747–200B, 747–200C, methods:
Gerard Poliquin, 747–200F, 747–300, 747–400, 747– • Federal eRulemaking Portal: Go to
Secretary of the Board. 400D, 747–400F, and 747SR series http://www.regulations.gov. Follow the
[FR Doc. 2015–15472 Filed 6–23–15; 8:45 am] airplanes. AD 2005–01–09 requires a instructions for submitting comments.
BILLING CODE 7535–01–P one-time detailed inspection for • Fax: 202–493–2251.
discrepancies of the frame web and • Mail: U.S. Department of
inner chords on the forward edge frame Transportation, Docket Operations, M–
DEPARTMENT OF TRANSPORTATION of the number 5 main entry door cutout, 30, West Building Ground Floor, Room
and corrective action if necessary. Since W12–140, 1200 New Jersey Avenue SE.,
Federal Aviation Administration we issued AD 2005–01–09, additional Washington, DC 20590.
cracking was found in the same area • Hand Delivery: Deliver to Mail
14 CFR Part 39 after completion of the one-time address above between 9 a.m. and 5
detailed inspection. This proposed AD p.m., Monday through Friday, except
[Docket No. FAA–2015–1984; Directorate would add repetitive high frequency
Identifier 2015–NM–022–AD] Federal holidays.
eddy current inspections for cracking of For service information identified in
RIN 2120–AA64 the frame inner chords (forward and this proposed AD, contact Boeing
aft), and corrective action if necessary. Commercial Airplanes, Attention: Data
Airworthiness Directives; The Boeing We are proposing this AD to detect and & Services Management, P.O. Box 3707,
Company Airplanes correct discrepancies of the frame web MC 2H–65, Seattle, WA 98124–2207;
and inner chords, which could result in
tkelley on DSK3SPTVN1PROD with PROPOSALS
AGENCY: Federal Aviation telephone 206–544–5000, extension 1;
Administration (FAA), DOT. cracking, subsequent severing of the fax 206–766–5680; Internet https://
frame, and consequent rapid www.myboeingfleet.com. You may view
ACTION: Notice of proposed rulemaking
depressurization of the airplane. this referenced service information at
(NPRM).
DATES: We must receive comments on the FAA, Transport Airplane
SUMMARY: We propose to supersede this proposed AD by August 10, 2015. Directorate, 1601 Lind Avenue SW.,
Airworthiness Directive (AD) 2005–01– ADDRESSES: You may send comments, Renton, WA. For information on the
09, which applies to certain The Boeing using the procedures found in 14 CFR availability of this material at the FAA,
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Document Created: 2015-12-15 14:09:25
Document Modified: 2015-12-15 14:09:25
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Proposed Rules | |
| Action | Notice of regulatory review; request for comments. | |
| Dates | Comment must be received on or before September 22, 2015. | |
| Contact | Ross P. Kendall, Special Counsel to | |
| FR Citation | 80 FR 36252 |
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