80 FR 79461 - Advances

FEDERAL HOUSING FINANCE AGENCY

Federal Register Volume 80, Issue 245 (December 22, 2015)

Page Range		79461-79461
FR Document		2015-32112

Federal Register, Volume 80 Issue 245 (Tuesday, December 22, 2015)

[Federal Register Volume 80, Number 245 (Tuesday, December 22, 2015)]
[Rules and Regulations]
[Page 79461]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-32112]


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FEDERAL HOUSING FINANCE AGENCY

12 CFR Part 1266


Advances

CFR Correction

0
In Title 12 of the Code of Federal Regulations, Parts 1200 to 1599, 
revised as of January 1, 2015, on page 308, in Sec.  1266.4, in 
paragraph (g)(2)(ii), remove the term ``Sec.  950.2(a)'' and add the 
term ``Sec.  1266.2(a)'' in its place.

[FR Doc. 2015-32112 Filed 12-21-15; 8:45 am]
BILLING CODE 1505-01-D

Federal Register / Vol. 80, No. 245 / Tuesday, December 22, 2015 / Rules and Regulations 79461

that the Board may prescribe regulations cause to not follow the provisions of 5 § 204.10 Payment of interest on balances.
concerning the payment of earnings on U.S.C. 553(b) relating to notice and * * * * *
balances at a Reserve Bank.3 Prior to public participation. The Board’s (b) * * *
these amendments, Regulation D revisions to these rates were taken with (5) The rates for IORR and IOER are:
specified a rate of 1⁄4 percent for both a view to accommodating commerce
IORR and IOER.4 and business and with regard to their Rate Effective
bearing upon the general credit situation (percent)
II. Amendments to IORR and IOER
of the country. Notice and public
The Board is amending § 204.10(b)(5) IORR ......... 0.50 12/17/2015
participation would prevent the Board’s IOER ......... 0.50 12/17/2015
of Regulation D to specify that IORR is action from being effective as promptly
0.50 percent and IOER is 0.50 percent. as necessary in the public interest. A * * * * *
This 0.25 percentage point increase in delay would permit speculators or
the IORR and IOER was associated with others to reap unfair profits and could By order of the Board of Governors of the
an increase in the target range for the Federal Reserve System, December 17, 2015.
provoke other consequences contrary to
federal funds rate, from a target range of the public interest. Seeking notice and Robert deV. Frierson,
0 to 1⁄4 percent to a target range of 1⁄4 comment on the rate changes would not Secretary of the Board.
to 1⁄2 percent, announced by the FOMC aid the persons affected and would [FR Doc. 2015–32099 Filed 12–21–15; 8:45 am]
on December 16, 2015 with an effective otherwise serve no useful purpose. For BILLING CODE 6210–01–P
date of December 17, 2015. A press these same reasons, the Board also has
release on the same day as the found good cause not to provide 30 days
announcement noted that: prior notice of the effective date of the FEDERAL HOUSING FINANCE
The Committee judges that there has been rule under 5 U.S.C. 553(d). AGENCY
considerable improvement in labor market IV. Regulatory Flexibility Analysis
conditions this year, and it is reasonably 12 CFR Part 1266
confident that inflation will rise, over the The Regulatory Flexibility Act
medium term, to its 2 percent objective. (‘‘RFA’’) does not apply to a rulemaking Advances
Given the economic outlook, and recognizing where a general notice of proposed
the time it takes for policy actions to affect CFR Correction
future economic outcomes, the Committee
rulemaking is not required.5 As noted
previously, the Board has determined ■ In Title 12 of the Code of Federal
decided to raise the target range for the
federal funds rate to 1⁄4 to 1⁄2 percent. The that it is unnecessary and contrary to Regulations, Parts 1200 to 1599, revised
stance of monetary policy remains the public interest to publish a general as of January 1, 2015, on page 308, in
accommodative after this increase, thereby notice of proposed rulemaking for this § 1266.4, in paragraph (g)(2)(ii), remove
supporting further improvement in labor final rule. Accordingly, the RFA’s the term ‘‘§ 950.2(a)’’ and add the term
market conditions and a return to 2 percent requirements relating to an initial and ‘‘§ 1266.2(a)’’ in its place.
inflation. final regulatory flexibility analysis do [FR Doc. 2015–32112 Filed 12–21–15; 8:45 am]
A Federal Reserve Implementation not apply. BILLING CODE 1505–01–D
note released simultaneously with the V. Paperwork Reduction Act
announcement indicated that:
In accordance with the Paperwork DEPARTMENT OF TRANSPORTATION
The Board of Governors of the Federal
Reduction Act (‘‘PRA’’) of 1995 (44
Reserve System voted unanimously to
U.S.C. 3506; 5 CFR part 1320 Appendix Federal Aviation Administration
raise the interest rate paid on required
A.1), the Board reviewed the final rule
and excess reserve balances to 0.50
under the authority delegated to the 14 CFR Part 39
percent, effective December 17, 2015.
Board by the Office of Management and
As a result, section 204.10(b)(5) of [Docket No. FAA–2013–0300; Directorate
Budget. The final rule contains no Identifier 2011–NM–163–AD; Amendment
Regulation D has been amended to
requirements subject to the PRA. 39–18339; AD 2015–25–01]
change IORR to 0.50 percent and IOER
to 0.50 percent. List of Subjects in 12 CFR Part 204 RIN 2120–AA64
III. Administrative Procedure Act Banks, Banking, Reporting and Airworthiness Directives; The Boeing
The Board has determined that recordkeeping requirements. Company Airplanes
delaying implementation of the changes For the reasons set forth in the
in the rates of interest to be paid in preamble, the Board amends 12 CFR AGENCY: Federal Aviation
order to allow notice and public part 204 as follows: Administration (FAA), DOT.
comment would be unnecessary and ACTION: Final rule.
contrary to the public interest. PART 204—RESERVE
Therefore, the Board has found good REQUIREMENTS OF DEPOSITORY SUMMARY: We are adopting a new
INSTITUTIONS (REGULATION D) airworthiness directive (AD) for certain
U.S.C. 461(b)(1)(A). Eligible institution also The Boeing Company Model 757–200,
includes any trust company, corporation organized ■ 1. The authority citation for part 204 757–200CB, and 757–200PF airplanes.
under section 25A or having an agreement with the continues to read as follows: This AD was prompted by a report that
Board under section 25, or any branch or agency of
a forward-most cam latch of the forward
a foreign bank (as defined in section 1(b) of the Authority: 12 U.S.C. 248(a), 248(c), 371a,
center cam latch pair on a main cargo
rmajette on DSK2TPTVN1PROD with RULES

International Banking Act of 1978). Federal Reserve 461, 601, 611, and 3105.
Act section 19(b)(12)(C), 12 U.S.C. 461(b)(12)(C), see door (MCD) broke during flight. This AD
12 CFR 204.2(y) (definition of ‘‘eligible ■ 2. Section 204.10 is amended by requires doing a general visual
institution’’). revising paragraph (b)(5) to read as
3 See Federal Reserve Act section 19(b)(12), 12
inspection for broken or missing cam
U.S.C. 461(b)(12).
follows: latches, latch pins, and latch pin cross
4 See § 204.10(b)(5) of Regulation D, 12 CFR bolts; torqueing the cross bolts in the
204.10(b)(5). 55 U.S.C. 603 and 604. latch pins; measuring the extension of

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Document Created: 2015-12-22 02:30:54
Document Modified: 2015-12-22 02:30:54

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		Rules and Regulations
FR Citation		80 FR 79461