80 FR 60075 - 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 192 (October 5, 2015)

The OCC, Board, and FDIC (together ``we'' or ``Agencies'') announce the fifth 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'').

[Federal Register Volume 80, Number 192 (Monday, October 5, 2015)]
[Proposed Rules]
[Pages 60075-60077]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-25258]


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Proposed Rules
                                                Federal Register
________________________________________________________________________

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.

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Federal Register / Vol. 80, No. 192 / Monday, October 5, 2015 / 
Proposed Rules

[[Page 60075]]



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

AGENCIES: 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 (together ``we'' or ``Agencies'') 
announce the fifth 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'').

DATES: An outreach meeting will be held in Chicago, Illinois on Monday, 
October 19, 2015, beginning at 9:00 a.m. Central Daylight Time (CDT). 
Online registrations will be accepted through October 13, 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 Chicago on the day of 
the meeting. The sixth outreach meeting is scheduled for December 2, 
2015, in the Washington, DC, area.

ADDRESSES: The Agencies will hold the October 19, 2015, outreach 
meeting at the Federal Reserve Bank of Chicago, 230 S. LaSalle St., 
Chicago, Illinois 60604. 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, interested persons anywhere 
in the country will have the opportunity to view and participate in the 
meeting online using their computers. Members of the public watching 
online will be able to submit written comments at any time during the 
meeting using the text chat feature. In addition to the online option, 
a toll-free telephone number (888-431-3632) is available 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 Chicago meeting at http://egrpra.ffiec.gov/outreach/outreach-meeting-details-chicago.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 also 
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 or, for persons who are deaf or hard of hearing, TTY (202) 
649-5597. 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 Reserve System, 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,

[[Page 60076]]

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 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; 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; the third outreach meeting on May 4, 2015, in Boston, 
Massachusetts; and the fourth outreach meeting, which focused on rural 
banks and their communities, on August 4, 2015, in Kansas City, 
Missouri. Additional details, including videos and transcripts of the 
first four 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 fifth outreach meeting will be held on October 19, 2015, in 
Chicago, Illinois, and will be streamed live at http://egrpra.ffiec.gov/. FDIC Chairman Martin J. Gruenberg, Comptroller of 
the Currency Thomas J. Curry, and FRB Governor Lael Brainard are 
scheduled to attend, along with senior staff members of the Agencies. 
The meeting will consist of panels of bankers and consumer and 
community groups who will present particular issues. There will be 
limited time after each panel for comments from meeting attendees. In 
addition, there will be a session at the end of the meeting during 
which audience members 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 reflected in the public comment 
file. 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 participants attending in person should register for the 
Chicago 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 October 13, 
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 Chicago 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 video-recorded and publicly 
webcast in order to increase education and outreach. By participating 
in person at the meeting, you consent to appear 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.

[[Page 60077]]

    For purposes of this review, the Agencies have grouped our 
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, we published a Federal 
Register notice announcing the start of the EGRPRA review process 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 we published a chart, listing 
the Agencies' regulations in the 12 categories included in the EGRPRA 
review. On February 13, 2015, we published a 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 third notice closed on September 3, 2015. As 
noted in the third Federal Register notice, the Agencies' will take 
comment on all of our regulations issued in final form up to the date 
that we publish the last EGRPRA notice for public comment. In the third 
notice, we published an additional chart, listing the rules included in 
the review that had not been reflected in prior charts. Before the end 
of the year, the Agencies intend to issue the final Federal Register 
notice, requesting comment on regulations in the last three 
categories--Rules of Procedure; Safety and Soundness; and Securities, 
as well as on any other final rules not covered by one of the prior 
Federal Register notices.
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    \2\ 79 FR 32172.
    \3\ 80 FR 7980.
    \4\ 80 FR 32046.

    Dated: September 25, 2015.
Thomas J. Curry,
Comptroller of the Currency.
    By order of the Board of Governors of the Federal Reserve 
System, September 28, 2015.
Robert deV. Frierson,
Secretary of the Board.
    Dated: September 29, 2015.

Federal Deposit Insurance Corporation by
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2015-25258 Filed 10-2-15; 8:45 am]
BILLING CODE 4810-33P; 6210-01-P; 6714-01-P