80 FR 39390 - Regulatory Publication and Review Under the Economic Growth and Regulatory Paperwork Reduction Act of 1996

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE CORPORATION

Federal Register Volume 80, Issue 131 (July 9, 2015)

The OCC, Board, and FDIC (``Agencies'') announce the fourth in a series of outreach meetings on the Agencies' interagency process to review their regulations under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (``EGRPRA''). The particular focus of this meeting is the effects of the Agencies' regulations on rural banks and their communities.

[Federal Register Volume 80, Number 131 (Thursday, July 9, 2015)]
[Proposed Rules]
[Pages 39390-39392]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-16760]



[[Page 39390]]

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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

12 CFR Chapter I

[Docket ID FFIEC-2014-0001]

FEDERAL RESERVE SYSTEM

12 CFR Chapter II

[Docket No. R-1510]

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 (``Agencies'') announce the fourth in 
a series of outreach meetings on the Agencies' interagency process to 
review their regulations under the Economic Growth and Regulatory 
Paperwork Reduction Act of 1996 (``EGRPRA''). The particular focus of 
this meeting is the effects of the Agencies' regulations on rural banks 
and their communities.

DATES: An outreach meeting will be held in Kansas City, Missouri on 
Tuesday, August 4, 2015, beginning at 9 a.m. Central Daylight Time 
(CDT). Online registrations will be accepted through July 27, 2015, or 
until all seats are filled, whichever is earlier. If seats are 
available after the close of online registration, individuals may 
register in person at the Federal Reserve Bank of Kansas City on the 
day of the meeting. Additional outreach meetings are scheduled for 
October 19, 2015, in Chicago, Illinois, and December 2, 2015, in 
Washington, DC.

ADDRESSES: The Agencies will hold the August 4, 2015, outreach meeting 
at the Federal Reserve Bank of Kansas City, 1 Memorial Drive, Kansas 
City, Missouri 64198. Live video of this meeting will be streamed at 
http://egrpra.ffiec.gov/. Participants attending in person should 
register at http://egrpra.ffiec.gov/outreach/outreach-index.html.
    In addition, to enhance participation by bankers, consumer and 
community groups, and other interested persons who are located in 
various rural areas, interested persons anywhere in the country will 
have the opportunity to view and participate in the meeting online 
using their computers. These participants may provide comments 
following each panel presentation or at the conclusion of the meeting, 
as time permits. Members of the public watching online will be able to 
submit written comments using the text chat feature and verbal comments 
using the audio feature of the webcast. A toll-free telephone number 
also will be provided for members of the public who would like only to 
listen to the meeting, and who may choose later to submit written 
comments. Information regarding these additional participation options 
is described in the meeting details section for the Kansas City meeting 
at http://egrpra.ffiec.gov/outreach/outreach-meeting-details-kansascity.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.
    On this site, click ``Submit a Comment'' and follow the 
instructions. Alternatively, comments may be submitted through the 
Federal eRulemaking Portal ``Regulations.gov'' at: http://www.regulations.gov. Enter ``Docket ID FFIEC-2014-0001'' in the Search 
Box, click ``Search,'' and click ``Comment Now.'' Those who wish to 
submit their comments by an alternate means may do so as indicated by 
each agency below.
    OCC:
    The OCC encourages commenters to submit comments through the 
Federal eRulemaking Portal, Regulations.gov, in accordance with the 
previous paragraph. Alternatively, comments may be emailed to 
[email protected] or sent by mail to Legislative and 
Regulatory Activities Division, Office of the Comptroller of the 
Currency, Mail Stop 9W-11, 400 7th Street SW., Washington, DC 20219. 
Comments also may be faxed to (571) 465-4326 or hand delivered or sent 
by courier to 400 7th Street SW., Washington, DC 20219. For comments 
submitted by any means other than Regulations.gov, you must include 
``OCC'' as the Agency name and ``Docket ID FFIEC-2014-0001'' in your 
comment.
    In general, the OCC will enter all comments received into the 
docket and publish them without change on Regulations.gov. Comments 
received, including attachments and other supporting materials, as well 
as any business or personal information you provide, such as your name 
and address, email address, or phone number, are part of the public 
record and subject to public disclosure. Therefore, please do not 
include any information with your comment or supporting materials that 
you consider confidential or inappropriate for public disclosure.
    You may inspect and photocopy in person all comments received by 
the OCC at 400 7th Street SW., Washington, DC 20219. For security 
reasons, the OCC requires that visitors make an appointment to inspect 
or photocopy comments. You may make an appointment by calling (202) 
649-6700. Upon arrival, visitors will be required to present valid 
government-issued photo identification and submit to a security 
screening.
    Board:
    The Board encourages commenters to submit comments regarding the 
Board's regulations by any of the following methods:
     Agency Web site: http://www.federalreserve.gov/apps/foia/proposedregs.aspx. Follow the instructions for submitting comments on 
the Agency Web site.
     Federal eRulemaking Portal, in accordance with the 
directions above.
     Email: [email protected]. Include 
``EGRPRA'' and Docket No. R-1510 in the subject line of the message.
     FAX: (202) 452-3819.
     Mail: Robert deV. Frierson, Secretary, Board of Governors 
of the Federal ReserveSystem, 20th Street and Constitution Avenue NW., 
Washington, DC 20551.
    In general, the Board will enter all comments received into the 
docket and publish them without change on the Board's public Web site, 
www.federalreserve.gov; Regulations.gov; and http://egrpra.ffiec.gov. 
Comments received, including attachments and other supporting 
materials, as well as any business or personal information you provide, 
such as your name and address, email address, or phone number, are part 
of the public record and subject to public disclosure. Therefore, 
please do not enclose any information with your comment or supporting 
materials that you consider confidential or inappropriate for public 
disclosure.
    You may inspect and photocopy in person all comments received by 
the

[[Page 39391]]

Board 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 security reasons, the Board requires that visitors make 
an appointment to inspect comments. You may make an appointment by 
calling (202) 452-3000. Upon arrival, visitors will be required to 
present valid government-issued photo identification and submit to a 
security screening.
    FDIC:
    The FDIC encourages commenters to submit comments through the 
Federal eRulemaking Portal, Regulations.gov, in accordance with the 
directions above. Alternatively, you may submit comments by any of the 
following methods:
     Agency Web site: http://www.fdic.gov/regulations/laws/federal. Follow instructions for submitting comments on the Agency Web 
site.
     Email: [email protected]. Include ``EGRPRA'' in the 
subject line of the message.
     Mail: Robert E. Feldman, Executive Secretary, Attention: 
Comments, Federal Deposit Insurance Corporation, 550 17th Street NW., 
Washington, DC 20429.
     Hand Delivery/Courier: Guard station at the rear of the 
550 17th Street Building (located on F Street) on business days between 
7:00 a.m. and 5:00 p.m. (EDT).
    The FDIC will post all comments received to http://www.fdic.gov/regulations/laws/federal without change, including any personal 
information provided. Comments may be inspected and photocopied in the 
FDIC Public Information Center, 3501 North Fairfax Drive, Room E-1002, 
Arlington, VA 22226, between 9:00 a.m. and 5:00 p.m. (EDT) on business 
days. Paper copies of public comments may be ordered from the Public 
Information Center by calling (877) 275-3342.

FOR FURTHER INFORMATION CONTACT: OCC: Heidi M. Thomas, Special Counsel, 
(202) 649-5490; Rima Kundnani, Attorney, (202) 649-5545; for persons 
who are deaf or hard of hearing, TTY (202) 649-5597.
    Board: Kevin Wilson, Financial Analyst, (202) 452-2362; 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 
imposed on insured depository institutions. As part of this review, the 
Agencies are holding a series of six 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 the 
Agencies' regulations, as further described below. The Agencies held 
the first of these outreach meetings on December 2, 2014, in Los 
Angeles, California; the second outreach meeting on February 4, 2015, 
in Dallas, Texas; and the third outreach meeting on May 4, 2015, in 
Boston, Massachusetts. Recorded videos and transcripts of these 
outreach meetings are available on the EGRPRA Web site at http://egrpra.ffiec.gov/outreach/outreach-index.html.
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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 fourth outreach meeting will be held on August 4, 2015, in 
Kansas City, Missouri, and will be streamed live at http://egrpra.ffiec.gov/. Senior agency staff from the Board, OCC, and FDIC 
are scheduled to attend. The meeting will consist of panels of bankers 
and consumer and community groups who will present particular issues. 
As the fourth outreach meeting will focus on the effects of banking 
regulations on rural banks and their communities, the Agencies have 
requested that panelists give attention to these issues. There will be 
limited time after each panel for comments from meeting attendees and 
online participants. In addition, there will be a session at the end of 
the meeting during which audience members and online participants 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 panelists, audience members, and online 
participants at this meeting will be part of the public record. 
Audience members who do not wish to comment orally may submit written 
comments at the meeting. As noted above, any interested person may 
submit comments through the EGRPRA Web site during open comment periods 
at: http://egrpra.ffiec.gov/submit-comment/submit-comment-index.html or 
directly to the Agencies through any of the other manners specified 
above.
    All persons wanting to participate in person should register for 
the Kansas City outreach meeting at http://egrpra.ffiec.gov/outreach/outreach-index.html. Because of space constraints, on-site attendance 
will be limited. Online registrations will be accepted through July 27, 
2015, or until all seats are filled, whichever is earlier. If seats are 
available, individuals may register in person at the Federal Reserve 
Bank of Kansas City on the day of the meeting. Individuals do not need 
to register to view the live-stream broadcast.
    We note that the meeting will be recorded and publicly webcast in 
order to increase education and outreach. By participating in the 
meeting, either in person or online, you consent to appear and to be 
heard in such recordings.

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 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 their 
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, the Agencies published a 
Federal Register notice announcing the start of the EGRPRA review 
process

[[Page 39392]]

and also asking for public comment on three of these categories--
Applications and Reporting; Powers and Activities; and International 
Operations regulations.\2\ In that notice the Agencies published a 
chart, listing their regulations in the 12 categories included in the 
EGRPRA review. On February 13, 2015, the Agencies published a second 
Federal Register notice asking for public comment on three additional 
categories--Banking Operations; Capital; and the Community Reinvestment 
Act.\3\ The comment period for the second Federal Register notice 
closed on May 14, 2015. On June 5, 2015, the Agencies published a third 
Federal Register notice asking for public comment on three additional 
categories--Consumer Protection; Directors, Officers and Employees; and 
Money Laundering.\4\ The comment period for the current notice will 
close on September 3, 2015.
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    \2\ 79 FR 32172.
    \3\ 80 FR 7980.
    \4\ 80 FR 32046.
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    The third Federal Register notice also announced the Agencies' 
decision to expand the scope of the EGRPRA review in order to be as 
inclusive as possible. The Agencies will now take comment on all of 
their regulations issued in final form up to the date that they publish 
their last EGRPRA notice for public comment. The Agencies have included 
a separate chart in the third notice that lists the newly issued rules 
included in the review.

    Dated: June 29, 2015.
Thomas J. Curry,
Comptroller of the Currency.
    By order of the Board of Governors of the Federal Reserve 
System, June 29, 2015.
Robert deV. Frierson,
Secretary of the Board.
    Dated: June 30, 2015.

Federal Deposit Insurance Corporation by
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2015-16760 Filed 7-8-15; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P