83 FR 47313 - OCC Guidelines Establishing Standards for Recovery Planning by Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches; Technical Amendments

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency

Federal Register Volume 83, Issue 182 (September 19, 2018)

Page Range		47313-47315
FR Document		2018-20166

The Office of the Comptroller of the Currency (OCC) is proposing to amend its enforceable guidelines relating to recovery planning standards for insured national banks, insured federal savings associations, and insured federal branches (Guidelines) to increase the average total consolidated assets threshold for applying the Guidelines from $50 billion to $250 billion. In addition, the proposed change to the Guidelines would decrease from 18 months to 12 months the time within which a bank should comply with the Guidelines after the bank becomes subject to them. Finally, the proposal would make technical amendments to remove outdated compliance dates.

Federal Register, Volume 83 Issue 182 (Wednesday, September 19, 2018)

[Federal Register Volume 83, Number 182 (Wednesday, September 19, 2018)]
[Proposed Rules]
[Pages 47313-47315]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-20166]



[[Page 47313]]

=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

12 CFR Part 30

[Docket ID OCC-2018-0028]
RIN 1557-AE51


OCC Guidelines Establishing Standards for Recovery Planning by 
Certain Large Insured National Banks, Insured Federal Savings 
Associations, and Insured Federal Branches; Technical Amendments

AGENCY: Office of the Comptroller of the Currency, Treasury.

ACTION: Notice of proposed rulemaking; revised guidelines.

-----------------------------------------------------------------------

SUMMARY: The Office of the Comptroller of the Currency (OCC) is 
proposing to amend its enforceable guidelines relating to recovery 
planning standards for insured national banks, insured federal savings 
associations, and insured federal branches (Guidelines) to increase the 
average total consolidated assets threshold for applying the Guidelines 
from $50 billion to $250 billion. In addition, the proposed change to 
the Guidelines would decrease from 18 months to 12 months the time 
within which a bank should comply with the Guidelines after the bank 
becomes subject to them. Finally, the proposal would make technical 
amendments to remove outdated compliance dates.

DATES: Comments must be received by November 5, 2018.

ADDRESSES: You may submit comments to the OCC by any of the methods set 
forth below. Commenters are encouraged to submit comments through the 
Federal eRulemaking Portal or email, if possible. Please use the title 
``OCC Guidelines Establishing Standards for Recovery Planning by 
Certain Large Insured National Banks, Insured Federal Savings 
Associations, and Insured Federal Branches'' to facilitate the 
organization and distribution of the comments. You may submit comments 
by any of the following methods:
     Federal eRulemaking Portal--``Regulations.gov'': Go to 
www.regulations.gov. Enter ``Docket ID OCC-2018-0028'' in the Search 
Box and click ``Search.'' Click on ``Comment Now'' to submit public 
comments.
     Click on the ``Help'' tab on the Regulations.gov home page 
to get information on using Regulations.gov, including instructions for 
submitting public comments.
     Email: regs.comments@occ.treas.gov.
     Mail: Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency, 400 7th Street SW, Suite 3E-
218, Washington, DC 20219.
     Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, 
Washington, DC 20219.
     Fax: (571) 465-4326.
    Instructions: You must include ``OCC'' as the agency name and 
``Docket ID OCC-2018-0028'' in your comment. In general, the OCC will 
enter all comments received into the docket and publish the comments on 
the Regulations.gov website without change, including any business or 
personal information that you provide such as name and address 
information, email addresses, or phone numbers. Comments received, 
including attachments and other supporting materials, are part of the 
public record and subject to public disclosure. Do not include any 
information in your comment or supporting materials that you consider 
confidential or inappropriate for public disclosure.
    You may review comments and other related materials that pertain to 
this rulemaking action by any of the following methods:
     Viewing Comments Electronically: Go to 
www.regulations.gov. Enter ``Docket ID OCC-2018-0028'' in the Search 
box and click ``Search.'' Click on ``Open Docket Folder'' on the right 
side of the screen. Comments and supporting materials can be viewed and 
filtered by clicking on ``View all documents and comments in this 
docket'' and then using the filtering tools on the left side of the 
screen.
     Click on the ``Help'' tab on the Regulations.gov home page 
to get information on using Regulations.gov. The docket may be viewed 
after the close of the comment period in the same manner as during the 
comment period.
     Viewing Comments Personally: You may personally inspect 
comments at the OCC, 400 7th Street SW, Washington, DC 20219. For 
security reasons, the OCC requires that visitors make an appointment to 
inspect comments. You may do so by calling (202) 649-6700 or, for 
persons who are deaf or hearing impaired, TTY, (202) 649-5597. Upon 
arrival, visitors will be required to present valid government-issued 
photo identification and submit to security screening in order to 
inspect comments.

FOR FURTHER INFORMATION CONTACT: Lori Bittner, Large Bank Supervision--
Resolution and Recovery, (202) 649-6210; Andra Shuster, Senior Counsel 
or Rima Kundnani, Attorney, Chief Counsel's Office, (202) 649-5490; or, 
for persons who are deaf or hard of hearing, TTY, (202) 649-5597, 400 
7th Street SW, Washington, DC 20219.

SUPPLEMENTARY INFORMATION: 

I. Background

    The 2008 financial crisis provided valuable lessons about the need 
for financial institutions to have strong risk governance frameworks, 
including plans for how to respond to and recover from the financial 
effects of severe stress. This was particularly true for larger, more 
complex banks in light of systemic risks and contagion effects that 
they pose. In response to these lessons, on September 19, 2016, the OCC 
published the Guidelines establishing minimum standards for recovery 
planning by insured national banks, insured federal savings 
associations, and insured federal branches of foreign banks (banks) 
with average total consolidated assets \1\ equal to or greater than $50 
billion (covered banks).\2\ The Guidelines state that a recovery plan 
should identify (1) quantitative or qualitative indicators of the risk 
or existence of severe stress that reflect a covered bank's particular 
vulnerabilities and (2) a wide range of credible options that a covered 
bank could undertake in response to the stress to restore its financial 
strength and viability.
---------------------------------------------------------------------------

    \1\ Average total consolidated assets is defined in the 
Guidelines and means the average total consolidated assets of the 
bank or covered bank as reported on the bank's or covered bank's 
Consolidated Reports of Condition and Income for the four most 
recent consecutive quarters. See 12 CFR 30, Appendix E, paragraph 
I.E.1.
    \2\ 81 FR 66791 (Sep. 29, 2016). The Guidelines were issued 
pursuant to section 39 of the Federal Deposit Insurance Act, 12 
U.S.C. 1831p-1, which authorizes the OCC to prescribe enforceable 
safety and soundness standards.
---------------------------------------------------------------------------

    Under the Guidelines, a recovery plan should also address: (1) 
Procedures for escalating decision-making to senior management or the 
board of directors, (2) management reports, and (3) communication 
procedures. In addition, the Guidelines explain how a bank should 
calculate its average total consolidated assets and reserve the OCC's 
authority to apply the Guidelines to a bank below the $50 billion 
threshold if the agency determines a bank is highly complex or 
otherwise presents a heightened risk. Finally, the Guidelines set out 
phased-in compliance dates based on bank size.

II. Proposed Changes

    Threshold. The OCC noted in the Supplementary Information section 
of the final Guidelines that large, complex institutions should 
undertake recovery

[[Page 47314]]

planning to be able to respond quickly to and recover from the 
financial effects of severe stress on the institution. Based on its 
experience to date in reviewing recovery plans, the OCC believes that 
it is appropriate to raise the threshold for the Guidelines to focus on 
those institutions that present greater systemic risk to the banking 
system. These larger, more complex, and potentially more interconnected 
banks present the types of risks that could benefit most from having 
the types of governance and planning processes that identify and assist 
in responding to significant stress events.
    In addition, at the time the Guidelines were published, the $50 
billion recovery planning threshold was consistent with the scope of 
Federal Deposit Insurance Corporation and Board of Governors of the 
Federal Reserve System regulations \3\ that require systemically 
important financial institutions to prepare resolution plans under 
section 165 of the Dodd-Frank Wall Street Reform and Consumer 
Protection Act.\4\ On May 24, 2018, the Economic Growth, Regulatory 
Relief, and Consumer Protection Act (Act) was enacted to promote 
economic growth, provide tailored economic relief, and enhance consumer 
protections.\5\ Section 401 of the Act raises from $50 billion to $250 
billion the section 165 resolution planning threshold.
---------------------------------------------------------------------------

    \3\ See 12 CFR 381.2(f) and 243.2(f), respectively. See also 12 
CFR 360.10.
    \4\ Public Law 111-203, 124 Stat. 1376 (July 21, 2010).
    \5\ Public Law 115-174, 132 Stat. 1296 (May 24, 2018).
---------------------------------------------------------------------------

    Accordingly, the proposal would increase from $50 billion to $250 
billion the average total consolidated assets threshold at which the 
Guidelines apply to covered banks. This change would reduce the number 
of covered banks to which the Guidelines apply from 25 to 8, based on 
the most recent data available. It would provide necessary and 
appropriate burden relief to the affected banks while retaining the 
requirements for the largest, most complex institutions. Furthermore, 
the proposed increased threshold is consistent with section 401 of the 
Act's increase in the section 165 resolution planning threshold 
applicable to systemically important bank holding companies.
    Compliance Date. Under the current Guidelines, a bank with less 
than $50 billion in average total consolidated assets that subsequently 
becomes a covered bank is required to comply with the Guidelines within 
18 months. The OCC proposes to amend this provision so that a bank that 
has less than $250 billion in average total consolidated assets on the 
effective date of a final rule and subsequently becomes a covered bank 
should comply with the Guidelines within 12 months. Based upon 
supervisory experience, the OCC has observed that 12 months is a 
sufficient period of time for any bank that becomes a covered bank to 
comply with the Guidelines. Finally, the OCC proposes technical 
amendments to remove the compliance dates listed in the current 
Guidelines, as the dates have all passed.

Effective Date

    The proposed Guidelines would have an effective date of October 19, 
2018. The OCC requests comment on the proposed effective date.

Comment Invitation

    The OCC invites comment on all aspects of the proposed revisions to 
the Guidelines.

Regulatory Analysis

Regulatory Flexibility Act

    In general, the Regulatory Flexibility Act (RFA) (5 U.S.C. 601 et 
seq.) requires that in connection with a rulemaking, an agency prepare 
and make available for public comment a regulatory flexibility analysis 
that describes the impact of the rule on small entities. Under section 
605(b) of the RFA, this analysis is not required if an agency certifies 
that the rule will not have a significant economic impact on a 
substantial number of small entities and publishes its certification 
and a brief explanatory statement in the Federal Register along with 
its rule.
    As part of its analysis, the OCC considers whether the proposed 
rule will have a significant economic impact on a substantial number of 
small entities, pursuant to the RFA. The OCC currently supervises 
approximately 886 small entities. Because the proposed rule will 
generally have no impact on banks with less than $50 billion in total 
consolidated assets, no OCC-supervised small entities will be affected. 
Therefore, the proposed rule, if implemented, will not have a 
significant economic impact on a substantial number of small entities.

Paperwork Reduction Act of 1995

    This notice of proposed rulemaking includes changes to an approved 
collection of information pursuant to the provisions of the Paperwork 
Reduction Act of 1995 (PRA) (44 U.S.C. 3501 et seq.). In accordance 
with PRA, the OCC may not conduct or sponsor, and an organization is 
not required to respond to, an information collection unless the 
information collection displays a currently valid Office of Management 
and Budget (OMB) control number. The OCC submitted the information 
collections contained in the notice of proposed rulemaking to OMB for 
review and approval, pursuant to 44 U.S.C. 3506 and section 1320.11 of 
the OMB implementing regulations (5 CFR part 1320).
    The Guidelines found in 12 CFR part 30, appendix E, sections II.B., 
II.C., and III contain information collection requirements previously 
approved by OMB. Section II.B. specifies the elements of the recovery 
plan, including an overview of the covered bank; triggers; options for 
recovery; impact assessments; escalation procedures; management 
reports; and communication procedures. Section II.C. addresses the 
relationship of the plan to other covered bank processes and 
coordination with other plans, including the processes and plans of its 
bank holding company. Section III outlines management's and the board's 
responsibilities. The threshold triggering these requirements is being 
changed under this notice of proposed rulemaking, resulting in a 
reduction in the number of respondents under this collection.
    The following revised information collection was submitted to OMB 
for review.
    Title: OCC Guidelines Establishing Standards for Recovery Planning 
by Certain Large Insured National Banks, Insured Federal Savings 
Associations, and Insured Federal Branches.
    OMB Control No.: 1557-0333.
    Frequency of Response: On occasion.
    Affected Public: Businesses or other for-profit organizations.
    Burden Estimates:
    Total Number of Respondents: 8 National Banks.
    Total Burden per Respondent: 7,543 hours.
    Total Burden for Collection: 60,344 hours.
    Comments are invited on: (1) Whether the proposed collection of 
information is necessary for the proper performance of the OCC's 
functions, including whether the information has practical utility; (2) 
the accuracy of the OCC's estimate of the burden of the proposed 
information collection, including the cost of compliance; (3) ways to 
enhance the quality, utility, and clarity of the information to be 
collected; and (4) ways to minimize the burden of information 
collection on respondents, including through the use of automated 
collection techniques or other forms of information technology.

[[Page 47315]]

Unfunded Mandates Reform Act of 1995

    The OCC analyzed the proposed rule under the factors set forth in 
the Unfunded Mandates Reform Act of 1995 (UMRA) (2 U.S.C. 1532). Under 
this analysis, the OCC considered whether the proposed rule includes a 
Federal mandate that may result in the expenditure by State, local, and 
Tribal governments, in the aggregate, or by the private sector, of $100 
million or more in any one year (adjusted for inflation). The OCC has 
determined that the proposed rule does not impose new mandates. 
Therefore, we conclude that the proposed rule will not result in an 
expenditure of $100 million or more annually by state, local, and 
tribal governments, or by the private sector.

Plain Language

    Section 722 of the Gramm-Leach-Bliley Act requires the OCC to use 
plain language in all proposed and final rules published after January 
1, 2000. The OCC invites comment on how to make this proposed rule 
easier to understand.
    For example:
     Has the OCC organized the material to inform your needs? 
If not, how could the OCC present the proposed rule more clearly?
     Are the requirements in the proposed rule clearly stated? 
If not, how could the proposal be more clearly stated?
     Does the proposed regulation contain technical language or 
jargon that is not clear? If so, which language requires clarification?
     Would a different format (grouping and order of sections, 
use of headings, paragraphing) make the proposed regulation easier to 
understand? If so, what changes would achieve that?
     Is this section format adequate? If not, which of the 
sections should be changed and how?
     What other changes can the OCC incorporate to make the 
proposed regulation easier to understand?

List of Subjects in 12 CFR Part 30

    Banks, Banking, Consumer protection, National banks, Privacy, 
Safety and soundness, Reporting and recordkeeping requirements.

Office of the Comptroller of the Currency

12 CFR Chapter I

Authority and Issuance

    For the reasons set forth in the preamble, and under the authority 
of 12 U.S.C. 93a, chapter I of title 12 of the Code of Federal 
Regulations is proposed to be amended as follows:

PART 30--SAFETY AND SOUNDESS STANDARDS

0
1. The authority citation for Part 30 continues to read as follows:

    Authority: 12 U.S.C. 1, 93a, 371, 1462a, 1463, 1464, 1467a, 
1818, 1828, 1831p-1, 1881-1884, 3102(b) and 5412(b)(2)(B); 15 U.S.C. 
1681s, 1681w, 6801, and 6805(b)(1).

0
2. Appendix E to part 30 is amended by:
0
a. Removing the phrase ``$50 billion'' and adding in its place the 
phrase ``$250 billion'' everywhere that it appears;
0
b. Revising section I.B.1;
0
c. Removing section I.B.2 and I.B.3;
0
d. Redesignating the current section I.B.4 as I.B.2 and removing 
``January 1, 2017'' and adding in its place the words ``[EFFECTIVE 
DATE]'';
0
e. In newly designated section I.B.4, removing the phrase ``18 months'' 
and adding in its place the phrase ``12 months''.
    The revisions read as follows:

Appendix E to Part 30--OCC Guidelines Establishing Standards for 
Recovery Planning by Certain Large Insured National Banks, Insured 
Federal Savings Associations, and Insured Federal Branches

* * * * *

I. Introduction

* * * * *

B. Compliance Date

    1. A covered bank with average total consolidated assets, 
calculated according to paragraph I.E.1. of this appendix, equal to 
or greater than $250 billion as of [EFFECTIVE DATE] should be in 
compliance with this appendix on [EFFECTIVE DATE].
* * * * *

    Dated: September 11, 2018.
Joseph M. Otting,
Comptroller of the Currency.

[FR Doc. 2018-20166 Filed 9-18-18; 8:45 am]
 BILLING CODE 4810-33-P

47314 Federal Register / Vol. 83, No. 182 / Wednesday, September 19, 2018 / Proposed Rules

planning to be able to respond quickly billion in average total consolidated unless the information collection
to and recover from the financial effects assets on the effective date of a final rule displays a currently valid Office of
of severe stress on the institution. Based and subsequently becomes a covered Management and Budget (OMB) control
on its experience to date in reviewing bank should comply with the number. The OCC submitted the
recovery plans, the OCC believes that it Guidelines within 12 months. Based information collections contained in the
is appropriate to raise the threshold for upon supervisory experience, the OCC notice of proposed rulemaking to OMB
the Guidelines to focus on those has observed that 12 months is a for review and approval, pursuant to 44
institutions that present greater systemic sufficient period of time for any bank U.S.C. 3506 and section 1320.11 of the
risk to the banking system. These larger, that becomes a covered bank to comply OMB implementing regulations (5 CFR
more complex, and potentially more with the Guidelines. Finally, the OCC part 1320).
interconnected banks present the types proposes technical amendments to The Guidelines found in 12 CFR part
of risks that could benefit most from remove the compliance dates listed in 30, appendix E, sections II.B., II.C., and
having the types of governance and the current Guidelines, as the dates have III contain information collection
planning processes that identify and all passed. requirements previously approved by
assist in responding to significant stress OMB. Section II.B. specifies the
Effective Date
events. elements of the recovery plan, including
In addition, at the time the Guidelines The proposed Guidelines would have an overview of the covered bank;
were published, the $50 billion recovery an effective date of October 19, 2018. triggers; options for recovery; impact
planning threshold was consistent with The OCC requests comment on the assessments; escalation procedures;
the scope of Federal Deposit Insurance proposed effective date. management reports; and
Corporation and Board of Governors of Comment Invitation communication procedures. Section
the Federal Reserve System regulations 3 II.C. addresses the relationship of the
that require systemically important The OCC invites comment on all
aspects of the proposed revisions to the plan to other covered bank processes
financial institutions to prepare and coordination with other plans,
resolution plans under section 165 of Guidelines.
including the processes and plans of its
the Dodd-Frank Wall Street Reform and Regulatory Analysis bank holding company. Section III
Consumer Protection Act.4 On May 24, outlines management’s and the board’s
2018, the Economic Growth, Regulatory Regulatory Flexibility Act
responsibilities. The threshold
Relief, and Consumer Protection Act In general, the Regulatory Flexibility triggering these requirements is being
(Act) was enacted to promote economic Act (RFA) (5 U.S.C. 601 et seq.) requires changed under this notice of proposed
growth, provide tailored economic that in connection with a rulemaking, rulemaking, resulting in a reduction in
relief, and enhance consumer an agency prepare and make available the number of respondents under this
protections.5 Section 401 of the Act for public comment a regulatory collection.
raises from $50 billion to $250 billion flexibility analysis that describes the The following revised information
the section 165 resolution planning impact of the rule on small entities. collection was submitted to OMB for
threshold. Under section 605(b) of the RFA, this review.
Accordingly, the proposal would analysis is not required if an agency
increase from $50 billion to $250 billion Title: OCC Guidelines Establishing
certifies that the rule will not have a Standards for Recovery Planning by
the average total consolidated assets significant economic impact on a
threshold at which the Guidelines apply Certain Large Insured National Banks,
substantial number of small entities and
to covered banks. This change would Insured Federal Savings Associations,
publishes its certification and a brief
reduce the number of covered banks to and Insured Federal Branches.
explanatory statement in the Federal
which the Guidelines apply from 25 to OMB Control No.: 1557–0333.
Register along with its rule.
8, based on the most recent data As part of its analysis, the OCC Frequency of Response: On occasion.
available. It would provide necessary considers whether the proposed rule Affected Public: Businesses or other
and appropriate burden relief to the will have a significant economic impact for-profit organizations.
affected banks while retaining the on a substantial number of small Burden Estimates:
requirements for the largest, most entities, pursuant to the RFA. The OCC Total Number of Respondents: 8
complex institutions. Furthermore, the currently supervises approximately 886 National Banks.
proposed increased threshold is small entities. Because the proposed Total Burden per Respondent: 7,543
consistent with section 401 of the Act’s rule will generally have no impact on hours.
increase in the section 165 resolution banks with less than $50 billion in total Total Burden for Collection: 60,344
planning threshold applicable to consolidated assets, no OCC-supervised hours.
systemically important bank holding small entities will be affected. Comments are invited on: (1) Whether
companies. Therefore, the proposed rule, if the proposed collection of information
Compliance Date. Under the current implemented, will not have a significant is necessary for the proper performance
Guidelines, a bank with less than $50 economic impact on a substantial of the OCC’s functions, including
billion in average total consolidated number of small entities. whether the information has practical
assets that subsequently becomes a utility; (2) the accuracy of the OCC’s
covered bank is required to comply with Paperwork Reduction Act of 1995 estimate of the burden of the proposed
the Guidelines within 18 months. The This notice of proposed rulemaking information collection, including the
amozie on DSK3GDR082PROD with PROPOSALS1

OCC proposes to amend this provision includes changes to an approved cost of compliance; (3) ways to enhance
so that a bank that has less than $250 collection of information pursuant to the quality, utility, and clarity of the
the provisions of the Paperwork information to be collected; and (4)
3 See 12 CFR 381.2(f) and 243.2(f), respectively.
Reduction Act of 1995 (PRA) (44 U.S.C. ways to minimize the burden of
See also 12 CFR 360.10. 3501 et seq.). In accordance with PRA, information collection on respondents,
4 Public Law 111–203, 124 Stat. 1376 (July 21,

2010). the OCC may not conduct or sponsor, including through the use of automated
5 Public Law 115–174, 132 Stat. 1296 (May 24, and an organization is not required to collection techniques or other forms of
2018). respond to, an information collection information technology.

VerDate Sep<11>2014 16:48 Sep 18, 2018 Jkt 244001 PO 00000 Frm 00005 Fmt 4702 Sfmt 4702 E:\FR\FM\19SEP1.SGM 19SEP1

Federal Register / Vol. 83, No. 182 / Wednesday, September 19, 2018 / Proposed Rules 47315

Unfunded Mandates Reform Act of 1995 PART 30—SAFETY AND SOUNDESS SUMMARY: We propose to adopt a new
The OCC analyzed the proposed rule STANDARDS airworthiness directive (AD) for certain
under the factors set forth in the Bombardier, Inc., Model BD–500–1A10
■ 1. The authority citation for Part 30 and BD–500–1A11 airplanes. This
Unfunded Mandates Reform Act of 1995 continues to read as follows:
(UMRA) (2 U.S.C. 1532). Under this proposed AD was prompted by reports
analysis, the OCC considered whether Authority: 12 U.S.C. 1, 93a, 371, 1462a, of dislodged cargo compartment blow-
the proposed rule includes a Federal 1463, 1464, 1467a, 1818, 1828, 1831p–1, out panels. This proposed AD would
mandate that may result in the
1881–1884, 3102(b) and 5412(b)(2)(B); 15 require repetitive inspections for any
U.S.C. 1681s, 1681w, 6801, and 6805(b)(1). dislodged blow-out panel in the forward
expenditure by State, local, and Tribal
governments, in the aggregate, or by the ■ 2. Appendix E to part 30 is amended and aft cargo compartments, reporting of
private sector, of $100 million or more by: the inspection findings, and re-
in any one year (adjusted for inflation). ■ a. Removing the phrase ‘‘$50 billion’’ installation if necessary. We are
The OCC has determined that the and adding in its place the phrase ‘‘$250 proposing this AD to address the unsafe
proposed rule does not impose new billion’’ everywhere that it appears; condition on these products.
mandates. Therefore, we conclude that ■ b. Revising section I.B.1; DATES: We must receive comments on
the proposed rule will not result in an ■ c. Removing section I.B.2 and I.B.3; this proposed AD by November 5, 2018.
■ d. Redesignating the current section ADDRESSES: You may send comments,
expenditure of $100 million or more
annually by state, local, and tribal I.B.4 as I.B.2 and removing ‘‘January 1, using the procedures found in 14 CFR
governments, or by the private sector. 2017’’ and adding in its place the words 11.43 and 11.45, by any of the following
‘‘[EFFECTIVE DATE]’’; methods:
Plain Language ■ e. In newly designated section I.B.4, • Federal eRulemaking Portal: Go to
Section 722 of the Gramm-Leach- removing the phrase ‘‘18 months’’ and http://www.regulations.gov. Follow the
Bliley Act requires the OCC to use plain adding in its place the phrase ‘‘12 instructions for submitting comments.
language in all proposed and final rules months’’. • Fax: 202–493–2251.
published after January 1, 2000. The The revisions read as follows: • Mail: U.S. Department of
OCC invites comment on how to make Appendix E to Part 30—OCC Transportation, Docket Operations, M–
this proposed rule easier to understand. Guidelines Establishing Standards for 30, West Building Ground Floor, Room
For example: Recovery Planning by Certain Large W12–140, 1200 New Jersey Avenue SE,
• Has the OCC organized the material Insured National Banks, Insured Washington, DC 20590.
to inform your needs? If not, how could Federal Savings Associations, and • Hand Delivery: Deliver to Mail
the OCC present the proposed rule more Insured Federal Branches address above between 9 a.m. and 5
clearly? p.m., Monday through Friday, except
* * * * * Federal holidays.
• Are the requirements in the
proposed rule clearly stated? If not, how I. Introduction For service information identified in
could the proposal be more clearly * * * * * this NPRM, contact Bombardier, Inc.,
stated? 400 Côte-Vertu Road West, Dorval,
B. Compliance Date Québec H4S 1Y9, Canada; telephone
• Does the proposed regulation
contain technical language or jargon that 1. A covered bank with average total 514–855–5000; fax 514–855–7401; email
consolidated assets, calculated according to thd.crj@aero.bombardier.com; internet
is not clear? If so, which language paragraph I.E.1. of this appendix, equal to or
requires clarification? http://www.bombardier.com. You may
greater than $250 billion as of [EFFECTIVE view this service information at the
• Would a different format (grouping DATE] should be in compliance with this
and order of sections, use of headings, appendix on [EFFECTIVE DATE].
FAA, Transport Standards Branch, 2200
paragraphing) make the proposed South 216th St., Des Moines, WA. For
* * * * * information on the availability of this
regulation easier to understand? If so, Dated: September 11, 2018.
what changes would achieve that? material at the FAA, call 206–231–3195.
Joseph M. Otting,
• Is this section format adequate? If Examining the AD Docket
Comptroller of the Currency.
not, which of the sections should be
[FR Doc. 2018–20166 Filed 9–18–18; 8:45 am]
You may examine the AD docket on
changed and how?
the internet at http://
• What other changes can the OCC BILLING CODE 4810–33–P
www.regulations.gov by searching for
incorporate to make the proposed
and locating Docket No. FAA–2018–
regulation easier to understand?
0799; or in person at Docket Operations
DEPARTMENT OF TRANSPORTATION
List of Subjects in 12 CFR Part 30 between 9 a.m. and 5 p.m., Monday
Banks, Banking, Consumer protection, Federal Aviation Administration through Friday, except Federal holidays.
National banks, Privacy, Safety and The AD docket contains this NPRM, the
soundness, Reporting and 14 CFR Part 39 regulatory evaluation, any comments
recordkeeping requirements. received, and other information. The
[Docket No. FAA–2018–0799; Product street address for Docket Operations
Office of the Comptroller of the Identifier 2018–NM–117–AD] (phone: 800–647–5527) is in the
Currency RIN 2120–AA64 ADDRESSES section. Comments will be
amozie on DSK3GDR082PROD with PROPOSALS1

12 CFR Chapter I available in the AD docket shortly after
Airworthiness Directives; Bombardier, receipt.
Authority and Issuance Inc., Airplanes FOR FURTHER INFORMATION CONTACT:
For the reasons set forth in the AGENCY: Federal Aviation Darren Gassetto, Aerospace Engineer,
preamble, and under the authority of 12 Administration (FAA), DOT. Mechanical Systems and Admin
U.S.C. 93a, chapter I of title 12 of the Services Section, FAA, New York ACO
ACTION: Notice of proposed rulemaking
Code of Federal Regulations is proposed Branch, 1600 Stewart Avenue, Suite
(NPRM).
to be amended as follows: 410, Westbury, NY 11590; telephone

VerDate Sep<11>2014 16:48 Sep 18, 2018 Jkt 244001 PO 00000 Frm 00006 Fmt 4702 Sfmt 4702 E:\FR\FM\19SEP1.SGM 19SEP1

Document Created: 2018-09-19 02:56:06
Document Modified: 2018-09-19 02:56:06

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 proposed rulemaking; revised guidelines.
Dates		Comments must be received by November 5, 2018.
Contact		Lori Bittner, Large Bank Supervision-- Resolution and Recovery, (202) 649-6210; Andra Shuster, Senior Counsel or Rima Kundnani, Attorney, Chief Counsel's Office, (202) 649-5490; or, for persons who are deaf or hard of hearing, TTY, (202) 649-5597, 400 7th Street SW, Washington, DC 20219.
FR Citation		83 FR 47313
RIN Number		1557-AE51
CFR Associated		Banks; Banking; Consumer Protection; National Banks; Privacy; Safety and Soundness and Reporting and Recordkeeping Requirements

83 FR 47313 - OCC Guidelines Establishing Standards for Recovery Planning by Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches; Technical Amendments

DEPARTMENT OF THE TREASURYOffice of the Comptroller of the Currency

Federal Register Volume 83, Issue 182 (September 19, 2018)

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency