82 FR 5354 - Community Reinvestment Act Regulations
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE CORPORATION Federal Register Volume 82, Issue 11 (January 18, 2017)
Office of the Comptroller of the Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE CORPORATION
Federal Register Volume 82, Issue 11 (January 18, 2017)
| Page Range | 5354-5356 | |
| FR Document | 2016-31928 |
[Federal Register Volume 82, Number 11 (Wednesday, January 18, 2017)] [Rules and Regulations] [Pages 5354-5356] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-31928] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency 12 CFR Parts 25 and 195 [Docket ID OCC-2016-0031] RIN 1557-AE11 FEDERAL RESERVE SYSTEM 12 CFR Part 228 [Regulation BB; Docket No. R-1554] RIN 7100-AE64 FEDERAL DEPOSIT INSURANCE CORPORATION 12 CFR Part 345 RIN 3064-AD90 Community Reinvestment Act Regulations AGENCY: Office of the Comptroller of the Currency, Treasury (OCC); Board of Governors of the Federal Reserve System (Board); and Federal Deposit Insurance Corporation (FDIC). ACTION: Joint final rule; technical amendment. ----------------------------------------------------------------------- SUMMARY: The OCC, the Board, and the FDIC (collectively, the Agencies) are amending their Community Reinvestment Act (CRA) regulations to adjust the asset-size thresholds used to define ``small bank'' or ``small savings association'' and ``intermediate small bank'' or ``intermediate small savings association.'' As required by the CRA regulations, the adjustment to the threshold amount is based on the annual percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The FDIC is also amending its CRA Notice requirements to reflect two technical changes concerning the manner in which the agency will receive public comments considered in the CRA examination process. DATES: Effective January 18, 2017. FOR FURTHER INFORMATION CONTACT: OCC: Emily Boyes, Attorney, Community and Consumer Law Division, (202) 649-6350; Marta E. Stewart-Bates, Attorney, Legislative and Regulatory Activities Division, (202) 649-5490; for persons who are deaf or hard of hearing, TTY, (202) 649-5597; or Bobbie K. Kennedy, Bank Examiner, Compliance Policy Division, (202) 649-5470, Office of the Comptroller of the Currency, 400 7th Street SW., Washington, DC 20219. Board: Amal S. Patel, Senior Supervisory Consumer Financial Services Analyst, (202) 912-7879; or Nikita Pastor, Senior Counsel, (202) 452-3667, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW., Washington, DC 20551. FDIC: Patience R. Singleton, Senior Policy Analyst, Supervisory Policy Branch, Division of Depositor and Consumer Protection, (202) 898-6859; or Richard M. Schwartz, Counsel, Legal Division, (202) 898- 7424, Federal Deposit Insurance Corporation, 550 17th Street NW., Washington, DC 20429. SUPPLEMENTARY INFORMATION: Background and Description of the Joint Final Rule The Agencies' CRA regulations establish CRA performance standards for small and intermediate small banks and savings associations. The CRA regulations define small and intermediate small banks and savings associations by reference to asset-size criteria expressed in dollar amounts, and they further require the Agencies to publish annual adjustments to these dollar figures based on the year-to-year change in the average of the CPI-W, not seasonally adjusted, for each 12-month period ending in November, with rounding to the nearest million. 12 CFR 25.12(u)(2), 195.12(u)(2), 228.12(u)(2), and 345.12(u)(2). This adjustment formula was first adopted for CRA purposes by the OCC, the Board, and the FDIC on August 2, 2005, effective September 1, 2005. 70 FR 44256 (Aug. 2, 2005). The Agencies noted that the CPI-W is also used in connection with other federal laws, such as the Home Mortgage Disclosure Act. See 12 U.S.C. 2808; 12 CFR 1003.2. On March 22, 2007, and effective July 1, 2007, the former Office of Thrift Supervision, the agency then responsible for regulating savings associations, adopted an annual adjustment formula consistent with that of the other federal banking agencies in its CRA rule previously set forth at 12 CFR 563e. 72 FR 13429 (Mar. 22, 2007). Pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act),\1\ effective July 21, 2011, CRA rulemaking authority for federal and state savings associations was transferred from the OTS to the OCC, and the OCC subsequently republished, at 12 CFR 195, the CRA regulations applicable to those institutions.\2\ In addition, the Dodd-Frank Act transferred responsibility for supervision of savings and loan holding companies and their non-depository subsidiaries from the OTS to the Board, and the Board subsequently amended its CRA regulation to reflect this transfer of supervisory authority.\3\ --------------------------------------------------------------------------- \1\ Public Law 111-203, 124 Stat. 1376 (2010). \2\ See OCC interim final rule, 76 FR 48950 (Aug. 9, 2011). \3\ See Board interim final rule, 76 FR 56508 (Sept. 13, 2011). --------------------------------------------------------------------------- The threshold for small banks and small savings associations was revised most recently in December 2015 and became effective January 1, 2016. 80 FR 81162 (Dec. 29, 2015). The current CRA regulations provide that banks and savings associations that, as of December 31 of either of the prior two calendar years, had assets of less than $1.216 billion are small banks or small savings associations. Small banks and small savings associations with assets of at least $304 million as of December 31 of both of the prior two calendar years and less than $1.216 billion as of December 31 of either of the prior two calendar years are intermediate small banks or intermediate small savings associations. 12 CFR 25.12(u)(1), 195.12(u)(1), 228.12(u)(1), and 345.12(u)(1). This joint final rule revises these thresholds. During the 12-month period ending November 2016, the CPI-W increased by 0.84 percent. As a result, the Agencies are revising 12 CFR 25.12(u)(1), 195.12(u)(1), 228.12(u)(1), and 345.12(u)(1) to make this annual adjustment. Beginning January 18, 2017, banks and savings associations that, as of December 31 of either of the prior two calendar years, had assets of less than $1.226 billion are small banks or small savings associations. Small banks and small savings associations with assets of at least $307 million as of December 31 of both of the prior two calendar years and less than $1.226 billion as of December 31 of either of the prior two calendar years are intermediate small banks or intermediate small savings associations. The Agencies also publish [[Page 5355]] current and historical asset-size thresholds on the Web site of the Federal Financial Institutions Examination Council at http://www.ffiec.gov/cra/. The FDIC is also amending its CRA Notice requirements located at Appendix B to Part 345. The current appendix states that Regional Managers are the proper agency officials responsible for both making available, upon request, lists of the banks scheduled for CRA examination in any particular quarter and receiving any public comment regarding the CRA performance of any of those banks. Since that language was published, a technical change was made to the responsible official's title from Regional Manager to Regional Director. In addition, since the original notice requirements were written, there has been the creation of a Web page to receive public comments electronically. The amendments made in this notice reflect those two changes. The associated changes to the CRA notice requirements will compel covered institutions to print and post the revised CRA notices in their main and branch offices. Administrative Procedure Act and Effective Date Under 5 U.S.C. 553(b)(B) of the Administrative Procedure Act (APA), an agency may, for good cause, find (and incorporate the finding and a brief statement of reasons therefore in the rules issued) that notice and public procedure thereon are impracticable, unnecessary, or contrary to the public interest. The amendments to the regulations to adjust the asset-size thresholds for small and intermediate small banks and savings associations result from the application of a formula established by a provision in the respective CRA regulations that the Agencies previously published for comment. See 70 FR 12148 (Mar. 11, 2005), 70 FR 44256 (Aug. 2, 2005), 71 FR 67826 (Nov. 24, 2006), and 72 FR 13429 (Mar. 22, 2007). As a result, Sec. Sec. 25.12(u)(1), 195.12(u)(1), 228.12(u)(1), and 345.12(u)(1) of the Agencies' respective CRA regulations are amended by adjusting the asset-size thresholds as provided for in Sec. Sec. 25.12(u)(2), 195.12(u)(2), 228.12(u)(2), and 345.12(u)(2). Accordingly, the Agencies' rules provide no discretion as to the computation or timing of the revisions to the asset-size criteria. Furthermore, revising the FDIC's CRA Notice requirements to reflect the two referenced changes to the manner in which the agency will receive public comments considered in the CRA examination process is a technical and non-substantive revision. For these reasons, the Agencies have determined that publishing a notice of proposed rulemaking and providing opportunity for public comment are unnecessary. The effective date of this joint final rule is January 18, 2017. Under 5 U.S.C. 553(d)(3) of the APA, the required publication or service of a substantive rule shall be made not less than 30 days before its effective date, except, among other things, as provided by the agency for good cause found and published with the rule. Because this rule adjusts asset-size thresholds consistent with the procedural requirements of the CRA rules, the Agencies conclude that it is not substantive within the meaning of the APA's delayed effective date provision. Moreover, the Agencies find that there is good cause for dispensing with the delayed effective date requirement, even if it applied, because their current rules already provide notice that the small and intermediate small asset-size thresholds will be adjusted as of December 31 based on 12-month data as of the end of November each year. Regulatory Flexibility Act The Regulatory Flexibility Act (RFA) does not apply to a rulemaking when a general notice of proposed rulemaking is not required. 5 U.S.C. 603 and 604. As noted previously, the Agencies have determined that it is unnecessary to publish a general notice of proposed rulemaking for this joint final rule. Accordingly, the RFA's requirements relating to an initial and final regulatory flexibility analysis do not apply. Paperwork Reduction Act of 1995 The Paperwork Reduction Act of 1995 (44 U.S.C. 3501-3521) states that no agency may conduct or sponsor, nor is the respondent required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The Agencies have determined that this final rule does not create any new, or revise any existing, collections of information pursuant to the Paperwork Reduction Act. Consequently, no information collection request will be submitted to the OMB for review. Unfunded Mandates Reform Act of 1995 Section 202 of the Unfunded Mandates Reform Act of 1995 (Unfunded Mandates Act), 2 U.S.C. 1532, requires the OCC to prepare a budgetary impact statement before promulgating any final rule for which a general notice of proposed rulemaking was published. As discussed above, the OCC has determined that the publication of a general notice of proposed rulemaking is unnecessary. Accordingly, this joint final rule is not subject to section 202 of the Unfunded Mandates Act. List of Subjects 12 CFR Part 25 Community development, Credit, Investments, National banks, Reporting and recordkeeping requirements. 12 CFR Part 195 Community development, Credit, Investments, Reporting and recordkeeping requirements, Savings associations. 12 CFR Part 228 Banks, Banking, Community development, Credit, Investments, Reporting and recordkeeping requirements. 12 CFR Part 345 Banks, Banking, Community development, Credit, Investments, Reporting and recordkeeping requirements. Department of the Treasury Office of the Comptroller of the Currency 12 CFR Chapter I For the reasons discussed in the preamble, the Office of Comptroller of the Currency amends 12 CFR parts 25 and 195, the Board of Governors of the Federal Reserve System amends part 228 of chapter II, and Board of Directors of the Federal Deposit Insurance Corporation amends part 345 of chapter III of title 12 of the Code of Federal Regulations as follows: PART 25--COMMUNITY REINVESTMENT ACT AND INTERSTATE DEPOSIT PRODUCTION REGULATIONS 0 1. The authority citation for part 25 continues to read as follows: Authority: 12 U.S.C. 21, 22, 26, 27, 30, 36, 93a, 161, 215, 215a, 481, 1814, 1816, 1828(c), 1835a, 2901 through 2908, and 3101 through 3111. 0 2. Section 25.12 is amended by revising paragraph (u)(1) to read as follows: Sec. 25.12 Definitions. * * * * * (u) * * * [[Page 5356]] (1) Definition. Small bank means a bank that, as of December 31 of either of the prior two calendar years, had assets of less than $1.226 billion. Intermediate small bank means a small bank with assets of at least $307 million as of December 31 of both of the prior two calendar years and less than $1.226 billion as of December 31 of either of the prior two calendar years. * * * * * PART 195--COMMUNITY REINVESTMENT 0 3. The authority citation for part 195 continues to read as follows: Authority: 12 U.S.C. 1462a, 1463, 1464, 1814, 1816, 1828(c), 2901 through 2908, and 5412(b)(2)(B). 0 4. Section 195.12 is amended by revising paragraph (u)(1) to read as follows: Sec. 195.12 Definitions. * * * * * (u) * * * (1) Definition. Small savings association means a savings association that, as of December 31 of either of the prior two calendar years, had assets of less than $1.226 billion. Intermediate small savings association means a small savings association with assets of at least $307 million as of December 31 of both of the prior two calendar years and less than $1.226 billion as of December 31 of either of the prior two calendar years. * * * * * Federal Reserve System 12 CFR Chapter II PART 228--COMMUNITY REINVESTMENT (REGULATION BB) 0 5. The authority citation for part 228 continues to read as follows: Authority: 12 U.S.C. 321, 325, 1828(c), 1842, 1843, 1844, and 2901 et seq. 0 6. Section 228.12 is amended by revising paragraph Sec. 228.12(u)(1). The revision is set forth below: Sec. 228.12 Definitions. * * * * * (u) Small bank--(1) Definition. Small bank means a bank that, as of December 31 of either of the prior two calendar years, had assets of less than $1.226 billion. Intermediate small bank means a small bank with assets of at least $307 million as of December 31 of both of the prior two calendar years and less than $1.226 billion as of December 31 of either of the prior two calendar years. Federal Deposit Insurance Corporation 12 CFR Chapter III PART 345--COMMUNITY REINVESTMENT 0 7. The authority citation for part 345 continues to read as follows: Authority: 12 U.S.C. 1814-1817, 1819-1820, 1828, 1831u and 2901-2908, 3103-3104, and 3108(a). 0 8. Section 345.12 is amended by revising paragraph (u)(1) to read as follows: Sec. 345.12 Definitions. * * * * * (u) * * * (1) Definition. Small bank means a bank that, as of December 31 of either of the prior two calendar years, had assets of less than $1.226 billion. Intermediate small bank means a small bank with assets of at least $307 million as of December 31 of both of the prior two calendar years and less than $1.226 billion as of December 31 of either of the prior two calendar years. * * * * * 0 9. Appendix B to part 345 is amended by revising the fourth and fifth paragraphs of section (a) and the fifth and sixth paragraphs of section (b) to read as follows: Appendix B to Part 345--CRA Notice (a) * * Community Reinvestment Act Notice * * * * * At least 30 days before the beginning of each quarter, the FDIC publishes a nationwide list of the banks that are scheduled for CRA examination in that quarter. This list is available from the Regional Director, FDIC (address). You may send written comments about our performance in helping to meet community credit needs to (name and address of official at bank) and FDIC Regional Director. You may also submit comments electronically through the FDIC's Web site at www.fdic.gov/regulations/cra. Your letter, together with any response by us, will be considered by the FDIC in evaluating our CRA performance and may be made public. You may ask to look at any comments received by the FDIC Regional Director. You may also request from the FDIC Regional Director an announcement of our applications covered by the CRA filed with the FDIC. We are an affiliate of (name of holding company), a bank holding company. You may request from the (title of responsible official), Federal Reserve Bank of _______(address) an announcement of applications covered by the CRA filed by bank holding companies. * * * * * (b) * * * Community Reinvestment Act Notice * * * * * At least 30 days before the beginning of each quarter, the FDIC publishes a nationwide list of the banks that are scheduled for CRA examination in that quarter. This list is available from the Regional Director, FDIC (address). You may send written comments about our performance in helping to meet community credit needs to (name and address of official at bank) and the FDIC Regional Director. You may also submit comments electronically through the FDIC's Web site at www.fdic.gov/regulations/cra. Your letter, together with any response by us, will be considered by the FDIC in evaluating our CRA performance and may be made public. You may ask to look at any comments received by the FDIC Regional Director. You may also request from the FDIC Regional Director an announcement of our applications covered by the CRA filed with the FDIC. We are an affiliate of (name of holding company), a bank holding company. You may request from the (title of responsible official), Federal Reserve Bank of _______(address) an announcement of applications covered by the CRA filed by bank holding companies. * * * * * Dated: December 16, 2016. Amy S. Friend, Senior Deputy Comptroller and Chief Counsel. By order of the Board of Governors of the Federal Reserve System, December 28, 2016. Robert deV. Frierson, Secretary of the Board. By order of the Board of Directors. Dated at Washington, DC, this 16th day of December, 2016. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2016-31928 Filed 1-17-17; 8:45 am] BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P
![5354 Federal Register / Vol. 82, No. 11 / Wednesday, January 18, 2017 / Rules and Regulations
disabled veteran for a position in the manner in which the agency will adjustment formula consistent with that
U.S. Postal Service in favor of a receive public comments considered in of the other federal banking agencies in
nonpreference eligible; the CRA examination process. its CRA rule previously set forth at 12
(3) Medically disqualify a 30 percent DATES: Effective January 18, 2017. CFR 563e. 72 FR 13429 (Mar. 22, 2007).
or more compensably disabled veteran FOR FURTHER INFORMATION CONTACT: Pursuant to the Dodd-Frank Wall
for assignment to another position in a OCC: Emily Boyes, Attorney, Street Reform and Consumer Protection
reduction in force under § 351.702(d) of Community and Consumer Law Act (Dodd-Frank Act),1 effective July 21,
this chapter; or Division, (202) 649–6350; Marta E. 2011, CRA rulemaking authority for
(4) Medically disqualify a 30 percent Stewart-Bates, Attorney, Legislative and federal and state savings associations
or more disabled veteran for Regulatory Activities Division, (202) was transferred from the OTS to the
noncompetitive appointment, for 649–5490; for persons who are deaf or OCC, and the OCC subsequently
example, under § 316.302(b)(4) of this hard of hearing, TTY, (202) 649–5597; republished, at 12 CFR 195, the CRA
chapter. or Bobbie K. Kennedy, Bank Examiner, regulations applicable to those
[FR Doc. 2017–00804 Filed 1–17–17; 8:45 am] Compliance Policy Division, (202) 649– institutions.2 In addition, the Dodd-
BILLING CODE 6325–39–P 5470, Office of the Comptroller of the Frank Act transferred responsibility for
Currency, 400 7th Street SW., supervision of savings and loan holding
Washington, DC 20219. companies and their non-depository
Board: Amal S. Patel, Senior subsidiaries from the OTS to the Board,
DEPARTMENT OF THE TREASURY and the Board subsequently amended its
Supervisory Consumer Financial
Office of the Comptroller of the Services Analyst, (202) 912–7879; or CRA regulation to reflect this transfer of
Currency Nikita Pastor, Senior Counsel, (202) supervisory authority.3
452–3667, Division of Consumer and The threshold for small banks and
12 CFR Parts 25 and 195 Community Affairs, Board of Governors small savings associations was revised
of the Federal Reserve System, 20th most recently in December 2015 and
[Docket ID OCC–2016–0031] Street and Constitution Avenue NW., became effective January 1, 2016. 80 FR
Washington, DC 20551. 81162 (Dec. 29, 2015). The current CRA
RIN 1557–AE11
FDIC: Patience R. Singleton, Senior regulations provide that banks and
FEDERAL RESERVE SYSTEM Policy Analyst, Supervisory Policy savings associations that, as of
Branch, Division of Depositor and December 31 of either of the prior two
12 CFR Part 228 Consumer Protection, (202) 898–6859; calendar years, had assets of less than
or Richard M. Schwartz, Counsel, Legal $1.216 billion are small banks or small
[Regulation BB; Docket No. R–1554] Division, (202) 898–7424, Federal savings associations. Small banks and
Deposit Insurance Corporation, 550 17th small savings associations with assets of
RIN 7100–AE64
Street NW., Washington, DC 20429. at least $304 million as of December 31
FEDERAL DEPOSIT INSURANCE SUPPLEMENTARY INFORMATION:
of both of the prior two calendar years
CORPORATION and less than $1.216 billion as of
Background and Description of the December 31 of either of the prior two
12 CFR Part 345 Joint Final Rule calendar years are intermediate small
The Agencies’ CRA regulations banks or intermediate small savings
RIN 3064–AD90 establish CRA performance standards associations. 12 CFR 25.12(u)(1),
for small and intermediate small banks 195.12(u)(1), 228.12(u)(1), and
Community Reinvestment Act 345.12(u)(1). This joint final rule revises
and savings associations. The CRA
Regulations these thresholds.
regulations define small and
AGENCY: Office of the Comptroller of the intermediate small banks and savings During the 12-month period ending
Currency, Treasury (OCC); Board of associations by reference to asset-size November 2016, the CPI–W increased
Governors of the Federal Reserve criteria expressed in dollar amounts, by 0.84 percent. As a result, the
System (Board); and Federal Deposit and they further require the Agencies to Agencies are revising 12 CFR
Insurance Corporation (FDIC). publish annual adjustments to these 25.12(u)(1), 195.12(u)(1), 228.12(u)(1),
dollar figures based on the year-to-year and 345.12(u)(1) to make this annual
ACTION: Joint final rule; technical
change in the average of the CPI–W, not adjustment. Beginning January 18, 2017,
amendment. banks and savings associations that, as
seasonally adjusted, for each 12-month
SUMMARY: The OCC, the Board, and the period ending in November, with of December 31 of either of the prior two
FDIC (collectively, the Agencies) are rounding to the nearest million. 12 CFR calendar years, had assets of less than
amending their Community 25.12(u)(2), 195.12(u)(2), 228.12(u)(2), $1.226 billion are small banks or small
Reinvestment Act (CRA) regulations to and 345.12(u)(2). This adjustment savings associations. Small banks and
adjust the asset-size thresholds used to formula was first adopted for CRA small savings associations with assets of
define ‘‘small bank’’ or ‘‘small savings purposes by the OCC, the Board, and the at least $307 million as of December 31
association’’ and ‘‘intermediate small FDIC on August 2, 2005, effective of both of the prior two calendar years
bank’’ or ‘‘intermediate small savings September 1, 2005. 70 FR 44256 (Aug. and less than $1.226 billion as of
association.’’ As required by the CRA 2, 2005). The Agencies noted that the December 31 of either of the prior two
regulations, the adjustment to the CPI–W is also used in connection with calendar years are intermediate small
mstockstill on DSK3G9T082PROD with RULES
threshold amount is based on the other federal laws, such as the Home banks or intermediate small savings
annual percentage change in the Mortgage Disclosure Act. See 12 U.S.C. associations. The Agencies also publish
Consumer Price Index for Urban Wage 2808; 12 CFR 1003.2. On March 22, 1 Public Law 111–203, 124 Stat. 1376 (2010).
Earners and Clerical Workers (CPI–W). 2007, and effective July 1, 2007, the 2 See OCC interim final rule, 76 FR 48950 (Aug.
The FDIC is also amending its CRA former Office of Thrift Supervision, the 9, 2011).
Notice requirements to reflect two agency then responsible for regulating 3 See Board interim final rule, 76 FR 56508 (Sept.
technical changes concerning the savings associations, adopted an annual 13, 2011).
VerDate Sep<11>2014 16:39 Jan 17, 2017 Jkt 241001 PO 00000 Frm 00020 Fmt 4700 Sfmt 4700 E:\FR\FM\18JAR1.SGM 18JAR1](https://thefederalregister.org/doc/82_FR_5365/page/1.svg)
![5356 Federal Register / Vol. 82, No. 11 / Wednesday, January 18, 2017 / Rules and Regulations
(1) Definition. Small bank means a Federal Deposit Insurance Corporation Community Reinvestment Act Notice
bank that, as of December 31 of either 12 CFR Chapter III * * * * *
of the prior two calendar years, had At least 30 days before the beginning of
assets of less than $1.226 billion. PART 345—COMMUNITY each quarter, the FDIC publishes a
Intermediate small bank means a small nationwide list of the banks that are
REINVESTMENT scheduled for CRA examination in that
bank with assets of at least $307 million
quarter. This list is available from the
as of December 31 of both of the prior ■ 7. The authority citation for part 345 Regional Director, FDIC (address). You may
two calendar years and less than $1.226 continues to read as follows: send written comments about our
billion as of December 31 of either of the Authority: 12 U.S.C. 1814–1817, 1819– performance in helping to meet community
prior two calendar years. 1820, 1828, 1831u and 2901–2908, 3103– credit needs to (name and address of official
* * * * * 3104, and 3108(a). at bank) and the FDIC Regional Director. You
may also submit comments electronically
PART 195—COMMUNITY ■ 8. Section 345.12 is amended by through the FDIC’s Web site at www.fdic.gov/
revising paragraph (u)(1) to read as regulations/cra. Your letter, together with
REINVESTMENT any response by us, will be considered by the
follows:
FDIC in evaluating our CRA performance and
■ 3. The authority citation for part 195 § 345.12 Definitions. may be made public.
continues to read as follows: You may ask to look at any comments
* * * * * received by the FDIC Regional Director. You
Authority: 12 U.S.C. 1462a, 1463, 1464,
(u) * * * may also request from the FDIC Regional
1814, 1816, 1828(c), 2901 through 2908, and
5412(b)(2)(B). (1) Definition. Small bank means a Director an announcement of our
bank that, as of December 31 of either applications covered by the CRA filed with
■ 4. Section 195.12 is amended by of the prior two calendar years, had the FDIC. We are an affiliate of (name of
revising paragraph (u)(1) to read as holding company), a bank holding company.
assets of less than $1.226 billion. You may request from the (title of
follows: Intermediate small bank means a small responsible official), Federal Reserve Bank of
§ 195.12 Definitions. bank with assets of at least $307 million _______(address) an announcement of
* * * * * as of December 31 of both of the prior applications covered by the CRA filed by
two calendar years and less than $1.226 bank holding companies.
(u) * * * billion as of December 31 of either of the * * * * *
(1) Definition. Small savings prior two calendar years. Dated: December 16, 2016.
association means a savings association * * * * *
that, as of December 31 of either of the Amy S. Friend,
prior two calendar years, had assets of ■ 9. Appendix B to part 345 is amended Senior Deputy Comptroller and Chief
less than $1.226 billion. Intermediate by revising the fourth and fifth Counsel.
small savings association means a small paragraphs of section (a) and the fifth
savings association with assets of at and sixth paragraphs of section (b) to By order of the Board of Governors of the
read as follows: Federal Reserve System, December 28, 2016.
least $307 million as of December 31 of
both of the prior two calendar years and Robert deV. Frierson,
Appendix B to Part 345—CRA Notice
less than $1.226 billion as of December Secretary of the Board.
31 of either of the prior two calendar (a) * * By order of the Board of Directors.
years. Community Reinvestment Act Notice
Dated at Washington, DC, this 16th day of
* * * * * * * * * * December, 2016.
At least 30 days before the beginning of
Federal Reserve System each quarter, the FDIC publishes a Federal Deposit Insurance Corporation.
12 CFR Chapter II nationwide list of the banks that are Robert E. Feldman,
scheduled for CRA examination in that Executive Secretary.
PART 228—COMMUNITY quarter. This list is available from the [FR Doc. 2016–31928 Filed 1–17–17; 8:45 am]
REINVESTMENT (REGULATION BB) Regional Director, FDIC (address). You may
BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P
send written comments about our
■ 5. The authority citation for part 228 performance in helping to meet community
credit needs to (name and address of official
continues to read as follows: at bank) and FDIC Regional Director. You DEPARTMENT OF TRANSPORTATION
Authority: 12 U.S.C. 321, 325, 1828(c), may also submit comments electronically
1842, 1843, 1844, and 2901 et seq. through the FDIC’s Web site at www.fdic.gov/ Federal Aviation Administration
regulations/cra. Your letter, together with
■ 6. Section 228.12 is amended by any response by us, will be considered by the 14 CFR Part 39
revising paragraph § 228.12(u)(1). FDIC in evaluating our CRA performance and
The revision is set forth below: may be made public. [Docket No. FAA–2016–9187; Directorate
You may ask to look at any comments Identifier 2016–NM–032–AD; Amendment
§ 228.12 Definitions. received by the FDIC Regional Director. You 39–18777; AD 2017–01–10]
* * * * * may also request from the FDIC Regional RIN 2120–AA64
(u) Small bank—(1) Definition. Small Director an announcement of our
bank means a bank that, as of December applications covered by the CRA filed with Airworthiness Directives; Airbus
the FDIC. We are an affiliate of (name of Defense and Space S.A. (Formerly
31 of either of the prior two calendar holding company), a bank holding company.
mstockstill on DSK3G9T082PROD with RULES
years, had assets of less than $1.226 Known as Construcciones
You may request from the (title of
billion. Intermediate small bank means responsible official), Federal Reserve Bank of Aeronauticas, S.A.) Airplanes
a small bank with assets of at least $307 _______(address) an announcement of AGENCY: Federal Aviation
million as of December 31 of both of the applications covered by the CRA filed by Administration (FAA), Department of
prior two calendar years and less than bank holding companies.
Transportation (DOT).
$1.226 billion as of December 31 of * * * * * ACTION: Final rule.
either of the prior two calendar years. (b) * * *
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Document Created: 2018-02-01 15:19:03
Document Modified: 2018-02-01 15:19:03
| 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 | |
| Action | Joint final rule; technical amendment. | |
| Dates | Effective January 18, 2017. | |
| Contact | OCC: Emily Boyes, Attorney, Community and Consumer Law Division, (202) 649-6350; Marta E. Stewart-Bates, Attorney, Legislative and Regulatory Activities Division, (202) 649-5490; for persons who are deaf or hard of hearing, TTY, (202) 649-5597; or Bobbie K. Kennedy, Bank Examiner, Compliance Policy Division, (202) 649-5470, Office of the Comptroller of the Currency, 400 7th Street SW., Washington, DC 20219. | |
| FR Citation | 82 FR 5354 | |
| RIN Number | 1557-AE11, 7100-AE64 and 3064-AD90 | |
| CFR Citation | 12
CFR
195 12 CFR 228 12 CFR 25 12 CFR 345 | |
| CFR Associated | Savings Associations; Banks; Banking; Community Development; Credit; Investments; National Banks and Reporting and Recordkeeping Requirements |
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