Interagency Guidance on Nontraditional Mortgage Products; Extension of Comment Period, 9339-9341 [06-1675]

Download as PDF Federal Register / Vol. 71, No. 36 / Thursday, February 23, 2006 / Notices exceed 6.6 µg/L more than once every three years on the average (Criteria Continuous Concentration (CCC) or Chronic Criterion). Saltwater: Aquatic life should not be affected unacceptably if the: One-hour average concentration of nonylphenol does not exceed 7.0 µg/L more than once every three years on the average (Criteria Maximum Concentration (CMC) or Acute Criterion); and Four-day average concentration of nonylphenol does not exceed 1.7 µg/L more than once every three years on the average (Criteria Continuous Concentration (CCC) or Chronic Criterion). rwilkins on PROD1PC63 with NOTICES D. Why Is EPA Notifying the Public About the Final Aquatic Life Ambient Water Quality Criteria for Nonylphenol and How Did the Criteria Change? Today, EPA is notifying the public that the final aquatic life ambient water quality criteria for nonylphenol are available. In a separate Federal Register on January 5, 2004 (69 FR 340), EPA notified the public that draft aquatic life ambient water quality criteria for nonylphenol were available and solicited scientific input. Based on the information and data submitted, EPA revised the draft criteria and is now making the final aquatic life ambient water quality criteria for nonylphenol available to the public. The freshwater acute criterion of 28 µg/L did not change. Recalculation of the final acute/ chronic ratio for nonylphenol resulted in changing the final freshwater chronic criterion from 5.9 µg/L to 6.6 µg/L. The saltwater acute criterion changed from 6.7 µg/L to 7.0 µg/L. The saltwater chronic criterion changed from 1.4 µg/ L to 1.7 µg/L. E. What Other Activities Is EPA Engaged in Related to Nonylphenol? As part of its Environmental Stewardship program, EPA is developing the Safer Detergents Stewardship Initiative (SDSI). The SDSI would help ensure the health, safety, and vitality of U.S. waters by encouraging the development, manufacture, and use of safer detergents. The Agency is initiating this new program, in part, because of the increasing levels of nonylphenol in certain receiving streams, which appear to correlate with increasing production and use of nonylphenol ethoxylate surfactants. By encouraging the manufacture and use of safer surfactants, the SDSI aims to reduce the quantity of nonylphenol ethoxylates discharged to ambient waters. The SDSI and the recommended ambient water VerDate Aug<31>2005 16:15 Feb 22, 2006 Jkt 205001 quality criteria for nonylphenol complement one another as components in EPA’s efforts to protect U.S. waters. SDSI is cosponsored by the Office of Prevention, Pesticides and Toxic Substances (OPPTS) and the Office of Water (OW). To learn more about the SDSI, visit http://www.epa.gov/dfe/ or for further information, contact David DiFiore, Economics, Exposure and Technology Division (7406M), U.S. EPA, 1200 Pennsylvania Avenue, NW., Washington, DC 20460; (202) 564–8796; difiore.david@epa.gov. Dated: February 16, 2006. Ephraim S. King, Director, Office of Science and Technology. [FR Doc. E6–2558 Filed 2–22–06; 8:45 am] BILLING CODE 6560–50–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency [Docket No. 05–21] FEDERAL RESERVE SYSTEM [Docket No. OP–1246] FEDERAL DEPOSIT INSURANCE CORPORATION DEPARTMENT OF THE TREASURY Office of Thrift Supervision [No. 2005–56] NATIONAL CREDIT UNION ADMINISTRATION Interagency Guidance on Nontraditional Mortgage Products; Extension of Comment Period AGENCIES: Office of the Comptroller of the Currency, Treasury (OCC); Board of Governors of the Federal Reserve System (Board); Federal Deposit Insurance Corporation (FDIC); Office of Thrift Supervision, Treasury (OTS); and National Credit Union Administration (NCUA). ACTION: Proposed guidance; extension of comment period. SUMMARY: On December 29, 2005, the OCC, Board, FDIC, OTS, and NCUA (the Agencies) published for public comment proposed Interagency Guidance on Nontraditional Mortgage Products (Guidance). The Agencies are extending the comment period on the proposed guidance for 30 days. DATES: Comments must be submitted on or before March 29, 2006. ADDRESSES: The Agencies will jointly review all of the comments submitted. PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 9339 Therefore, interested parties may send comments to any of the Agencies and need not send comments (or copies) to all of the Agencies. Please consider submitting your comments by e-mail or fax since paper mail in the Washington area and at the Agencies is subject to delay. Interested parties are invited to submit comments to: OCC: You should include ‘‘OCC’’ and Docket Number 05–21 in your comment. You may submit your comment by any of the following methods: • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. • OCC Web site: http:// www.occ.treas.gov. Click on ‘‘Contact the OCC,’’ scroll down and click on ‘‘Comments on Proposed Regulations.’’ • E-Mail Address: regs.comments@occ.treas.gov. • Fax: (202) 874–4448. • Mail: Office of the Comptroller of the Currency, 250 E Street, SW., Mail Stop 1–5, Washington, DC 20219. • Hand Delivery/Courier: 250 E Street, SW., Attn: Public Information Room, Mail Stop 1–5, Washington, DC 20219. Instructions: All submissions received must include the agency name (OCC) and docket number for this notice. In general, the OCC will enter all comments received into the docket without change, including any business or personal information that you provide. You may review comments and other related materials by any of the following methods: • Viewing Comments Personally: You may personally inspect and photocopy comments at the OCC’s Public Information Room, 250 E Street, SW., Washington, DC. You can make an appointment to inspect comments by calling (202) 874–5043. • Viewing Comments Electronically: You may request that we send you an electronic copy of comments via e-mail or mail you a CD–ROM containing electronic copies by contacting the OCC at regs.comments@occ.treas.gov. • Docket Information: You may also request available background documents and project summaries using the methods described above. Board: You may submit comments, identified by Docket No. OP–1246, by any of the following methods: • Agency Web site: http:// www.federalreserve.gov. Follow the instructions for submitting comments at http://www.federalreserve.gov/ generalinfo/foia/ProposedRegs.cfm. • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. E:\FR\FM\23FEN1.SGM 23FEN1 rwilkins on PROD1PC63 with NOTICES 9340 Federal Register / Vol. 71, No. 36 / Thursday, February 23, 2006 / Notices • E-mail: regs.comments@federalreserve.gov. Include the docket number in the subject line of the message. • FAX: 202/452–3819 or 202/452– 3102. • Mail: Jennifer J. Johnson, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue, NW., Washington, DC 20551. All public comments are available from the Board’s Web site at http:/ www.federalreserve.gov/generalinfo/ foia/ProposedRegs.cfm as submitted, unless modified for technical reasons. Accordingly, your comments will not be edited to remove any identifying or contact information. Public comments may also be viewed in electronic or paper form in Room MP–500 of the Board’s Martin Building (20th and C Streets, NW.) between 9 a.m. and 5 p.m. on weekdays. FDIC: You may submit comments by any of the following methods: • Agency Web site: http:// www.fdic.gov/regulations/laws/federal/ propose.html. Follow the instructions for submitting comments on the Agency Web site. • E-Mail: Comments@FDIC.gov. • 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 a.m. and 5 p.m. Instructions: All submissions received must include the agency name. All comments received will be posted without change to http://www.fdic.gov/ regulations/laws/federal/propose.html including any personal information provided. OTS: You may submit comments, identified by docket number 2005–56, by any of the following methods: • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. • E-mail address: regs.comments@ots.treas.gov. Please include docket number 2005–56 in the subject line of the message and include your name and telephone number in the message. • Fax: (202) 906–6518. • Mail: Regulation Comments, Chief Counsel’s Office, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552, Attention: No. 2005–56. • Hand Delivery/Courier: Guard’s Desk, East Lobby Entrance, 1700 G Street, NW., from 9 a.m. to 4 p.m. on business days. Address envelope as VerDate Aug<31>2005 16:15 Feb 22, 2006 Jkt 205001 follows: Attention: Regulation Comments, Chief Counsel’s Office, Attention: No. 2005–56. Instructions: All submissions received must include the agency name and docket number for this proposed Guidance. All comments received will be posted without change to the OTS Internet site at http://www.ots.treas.gov/ pagehtml.cfm?catNumber=67&an=1, including any personal information provided. Docket: For access to the docket to read background documents or comments received, go to http:// www.ots.treas.gov/ pagehtml.cfm?catNumber=67&an=1. In addition, you may inspect comments at the OTS’s Public Reading Room, 1700 G Street, NW., by appointment. To make an appointment for access, call (202) 906–5922, send an e-mail to public.info@ots.treas.gov, or send a facsimile transmission to (202) 906– 7755. (Prior notice identifying the materials you will be requesting will assist us in serving you.) We schedule appointments on business days between 10 a.m. and 4 p.m. In most cases, appointments will be available the next business day following the date we receive a request. NCUA: You may submit comments by any of the following methods: • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. • NCUA Web site: http:// www.ncua.gov/ RegulationsOpinionsLaws/ proposed_regs/proposed_regs.html. Follow the instructions for submitting comments. • E-mail: Address to regcomments@ncua.gov. Include ‘‘[Your name] Comments on Interagency Guidance on Nontraditional Mortgages’’ in the e-mail subject line. • Fax: (703) 518–6319. Use the subject line described above for e-mail. • Mail: Address to Mary Rupp, Secretary of the Board, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314– 3428. • Hand Delivery/Courier: Same as mail address. FOR FURTHER INFORMATION CONTACT: OCC: Gregory Nagel, National Bank Examiner/Credit Risk Specialist, Credit Risk Policy, (202) 874–5170; or Michael S. Bylsma, Director, or Stephen Van Meter, Assistant Director, Community and Consumer Law Division, (202) 874– 5750. Board: Brian Valenti, Supervisory Financial Analyst, (202) 452–3575; or Virginia Gibbs, Senior Supervisory PO 00000 Frm 00033 Fmt 4703 Sfmt 4703 Financial Analyst, (202) 452–2521; or Sabeth I. Siddique, Assistant Director, (202) 452–3861, Division of Banking Supervision and Regulation; or MinhDuc T. Le, Senior Attorney, Division of Consumer and Community Affairs, (202) 452–3667; or Andrew Miller, Counsel, Legal Division, (202) 452–3428. For users of Telecommunications Device for the Deaf (‘‘TDD’’) only, contact (202) 263–4869. FDIC: James Leitner, Senior Examination Specialist, (202) 898–6790, or April Breslaw, Acting Associate Director, (202) 898–6609, Division of Supervision and Consumer Protection; or Ruth R. Amberg, Senior Counsel, (202) 898–3736, or Richard Foley, Counsel, (202) 898–3784, Legal Division. OTS: William Magrini, Senior Project Manager, (202) 906–5744; or Maurice McClung, Program Manager, Market Conduct, Operation Risk, (202) 906– 6182; and Richard Bennett, Counsel, Banking and Finance, (202) 906–7409. NCUA: Cory Phariss, Program Officer, Examination and Insurance, (703) 518– 6618. SUPPLEMENTARY INFORMATION: On December 29, 2005, the Agencies published for comment the proposed Guidance, which relates to mortgage loan products that allow borrowers to defer payment of principal and, sometimes, interest, including ‘‘interestonly’’ mortgages and ‘‘payment option’’ adjustable rate mortgages. 70 FR 77249. The proposal stated that any comments on the proposal must be submitted on or before February 27, 2006. In response to the solicitation of comments, the Agencies have received a number of comments, including requests from several financial institutions and trade associations that represent financial institutions to extend the comment period. In light of the wide public interest in the proposal and the Agencies’ desire to provide the public with sufficient time to consider the proposal and formulate any comments, the Agencies have decided to extend the comment period on the proposal by 30 days. The comment period will now run through March 29, 2006. Dated: February 13, 2006. John C. Dugan, Comptroller of the Currency. By order of the Board of Governors of the Federal Reserve System, February 14, 2006. Jennifer J. Johnson, Secretary of the Board. Dated at Washington, DC, the 16th day of February, 2006. E:\FR\FM\23FEN1.SGM 23FEN1 Federal Register / Vol. 71, No. 36 / Thursday, February 23, 2006 / Notices rwilkins on PROD1PC63 with NOTICES By order of the Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. ¨ Sud; Australia-New Zealand Direct Line; FESCO Ocean Management Ltd.; A.P. Moller-Maersk A/S; and CP Ships USA, LLC. Filing Party: Wayne R. Rohde, Esq.; Dated: February 16, 2006. Sher & Blackwell LLP; 1850 M Street, By the Office of Thrift Supervision. NW., Suite 900; Washington, DC 20036. John M. Reich, Synopsis: The amendment deletes Director. P&O Nedlloyd Limited as a party to the agreement and changes Maersk’s trade By the National Credit Union name. Administration Board on February 9, 2006. Agreement No.: 011275–019. Mary Rupp, Title: Australia/United States Secretary of the Board. Discussion Agreement. [FR Doc. 06–1675 Filed 2–22–06; 8:45 am] Parties: A.P. Moller-Maersk A/S; BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P; Australia-New Zealand Direct Line; 6720–01–P; 7535–01–P FESCO Ocean Management Inc.; ¨ Hamburg-Sud; NYKLauritzenCool AB; CP Ships USA, LLC; Safmarine FEDERAL MARITIME COMMISSION Container Lines NV; and Seatrade Group N.V. Notice of Agreements Filed Filing Party: Wayne R. Rohde, Esq.; The Commission hereby gives notice Sher & Blackwell LLP; 1850 M Street, of the filing of the following agreements NW.; Suite 900; Washington, DC 20036. under the Shipping Act of 1984. Synopsis: The amendment changes Interested parties may submit comments Maersk’s trade name and deletes P&O on an agreement to the Secretary, Nedlloyd Limited as a party to the Federal Maritime Commission, agreement. Washington, DC 20573, within ten days Agreement No.: 011279–024. of the date this notice appears in the Title: Latin America Agreement. Federal Register. Copies of agreements Parties: Central America Discussion are available through the Commission’s Agreement; Hispaniola Discussion Office of Agreements (202–523–5793 or Agreement; Caribbean Shipowners tradeanalysis@fmc.gov). Association; Venezuelan Discussion Agreement No.: 010050–017. Agreement; ABC Discussion Agreement; Title: U.S. Flag Discussion Agreement. West Coast of South America Discussion Parties: American President Lines, Agreement; Inland Shipping Services Ltd.; APL Co. PTE Ltd.; A.P. MollerAssociation; Montemar Maritima S.A.; Maersk A/S; CP Ships USA, LLC; and and Zim Integrated Shipping Services, Farrell Lines, Inc. Ltd. Filing Party: Wayne R. Rohde, Esq.; Filing Party: Wayne R. Rohde, Esq.; Sher & Blackwell LLP; 1850 M Street, Sher & Blackwell LLP; 1850 M Street, NW.; Suite 900; Washington, DC 20036. NW.; Suite 900; Washington, DC 20036. Synopsis: The amendment deletes Synopsis: The amendment updates P&O Nedlloyd Limited as a party to the the membership of various agreement agreement and changes Maersk’s trade parties. name. Agreement No.: 011290–036. Agreement No.: 010051–036. Title: International Vessel Operators Title: Mediterranean Space Charter Hazardous Material Association Agreement. Agreement. Parties: Farrell Lines, Inc.; CP Ships Parties: Alianca Navegacao e Logistica ¸ USA LLC; A.P. Moller-Maersk A/S; Mediterranean Shipping Company, S.A.; Ltda.; APL Co. PTE Ltd.; Atlantic Container Line AB; Australia-New P&O Nedlloyd Limited; P&O Nedlloyd Zealand Direct Line; Bermuda Container B.V.; Hapag-Lloyd Container Linie Line; Canada Maritime Agencies Ltd.; GmbH; and Zim Integrated Shipping China Shipping Container Lines Co., Services, Ltd. Ltd.; CMA CGM, S.A.; Compania Latino Filing Party: Wayne R. Rohde, Esq.; Americana de Navegacion SA; Contship Sher & Blackwell LLP; 1850 M Street, NW.; Suite 900; Washington, DC 20036. Containerlines; COSCO Container Lines, Synopsis: The amendment deletes the Inc.; CP Ships USA LLC; Crowley Maritime Corporation; Evergreen Marine P&O Nedlloyd companies as parties to Corp. (Taiwan) Ltd.; Hamburgthe agreement and changes Maersk’s ¨ Sudamerikanische Dampfschifffahrtstrade name. Gesellschaft KG; Hanjin Shipping Co., Agreement No.: 011268–020. Ltd.; Hapag-Lloyd Container Linie Title: New Zealand/United States GmbH; Horizon Lines, LLC; Hyundai Discussion Agreement. Merchant Marine Co., Ltd.; Independent Parties: New Zealand/United States Container Line Ltd.; Kawasaki Kisen Container Lines Association; Hamburg- VerDate Aug<31>2005 16:15 Feb 22, 2006 Jkt 205001 PO 00000 Frm 00034 Fmt 4703 Sfmt 4703 9341 Kaisha Ltd.; Marine Transport Lines, Inc.; Maruba SCA; Mitsui O.S.K. Lines, Ltd.; A.P. Moller-Maersk A/S; National Shipping Co. of Saudi Arabia; Nippon Yusen Kaisha Line; Orient Overseas Container Line Limited; P&O Nedlloyd B.V.; P&O Nedlloyd Limited; Safmarine Container Lines; Seaboard Marine Ltd.; Senator Lines GmbH; Tropical Shipping & Construction Co., Ltd.; United Arab Shipping Co. S.A.G.; Yang Ming Marine Transport Corp.; and Zim Integrated Shipping Services, Ltd. Filing Party: Wayne R. Rohde, Esq.; Sher & Blackwell LLP; 1850 M Street, NW.; Suite 900; Washington, DC 20036. Synopsis: The amendment adds Matson Navigation Company as a party to the agreement, deletes the P&O Nedlloyd companies as parties to the agreement, and changes Maersk’s trade name. Agreement No.: 011346–016. Title: Israel Trade Conference Agreement. Parties: A.P. Moller-Maersk A/S; Farrell Lines, Inc.; P&O Nedlloyd Limited; and Zim Integrated Shipping Services, Ltd. Filing Party: Wayne R. Rohde, Esq.; Sher & Blackwell LLP; 1850 M Street, NW.; Suite 900; Washington, DC 20036. Synopsis: The amendment reflects P&O Nedlloyd’s resignation effective April 11, 2006, and changes Maersk’s trade name. Agreement No.: 011375–066. Title: Trans-Atlantic Conference Agreement. Parties: Atlantic Container Line AB; A.P. Moller-Maersk A/S; Mediterranean Shipping Company, S.A.; Nippon Yusen Kaisha; and Orient Overseas Container Line Limited. Filing Party: Wayne R. Rohde, Esq.; Sher & Blackwell LLP; 1850 M Street, NW.; Suite 900; Washington, DC 20036. Synopsis: The amendment deletes P&O Nedlloyd Limited as a party to the agreement effective February 17, 2006, and changes Maersk’s trade name. Agreement No.: 011405–018. Title: Ocean Carrier Working Group Agreement. Parties: Latin America Agreement; Israel Trade Conference; Trans-Atlantic Conference Agreement; Transpacific Stabilization Agreement; Middle East Indian Subcontinent Discussion Agreement; United States Australasia Discussion Agreement; United States/ South Europe Conference; Westbound Transpacific Stabilization Agreement; A.P. Moller-Maersk A/S; Contship Containerlines; Evergreen Marine Corporation (Taiwan) Ltd.; King Ocean Service de Venezuela, S.A.; Star Shipping A/S; Tropical Shipping & E:\FR\FM\23FEN1.SGM 23FEN1

Agencies

[Federal Register Volume 71, Number 36 (Thursday, February 23, 2006)]
[Notices]
[Pages 9339-9341]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-1675]


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

DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

[Docket No. 05-21]

FEDERAL RESERVE SYSTEM

[Docket No. OP-1246]

FEDERAL DEPOSIT INSURANCE CORPORATION

DEPARTMENT OF THE TREASURY

Office of Thrift Supervision

[No. 2005-56]

NATIONAL CREDIT UNION ADMINISTRATION


Interagency Guidance on Nontraditional Mortgage Products; 
Extension of Comment Period

AGENCIES: Office of the Comptroller of the Currency, Treasury (OCC); 
Board of Governors of the Federal Reserve System (Board); Federal 
Deposit Insurance Corporation (FDIC); Office of Thrift Supervision, 
Treasury (OTS); and National Credit Union Administration (NCUA).

ACTION: Proposed guidance; extension of comment period.

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

SUMMARY: On December 29, 2005, the OCC, Board, FDIC, OTS, and NCUA (the 
Agencies) published for public comment proposed Interagency Guidance on 
Nontraditional Mortgage Products (Guidance). The Agencies are extending 
the comment period on the proposed guidance for 30 days.

DATES: Comments must be submitted on or before March 29, 2006.

ADDRESSES: The Agencies will jointly review all of the comments 
submitted. Therefore, interested parties may send comments to any of 
the Agencies and need not send comments (or copies) to all of the 
Agencies. Please consider submitting your comments by e-mail or fax 
since paper mail in the Washington area and at the Agencies is subject 
to delay. Interested parties are invited to submit comments to:
    OCC: You should include ``OCC'' and Docket Number 05-21 in your 
comment. You may submit your comment by any of the following methods:
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     OCC Web site: http://www.occ.treas.gov. Click on ``Contact 
the OCC,'' scroll down and click on ``Comments on Proposed 
Regulations.''
     E-Mail Address: regs.comments@occ.treas.gov.
     Fax: (202) 874-4448.
     Mail: Office of the Comptroller of the Currency, 250 E 
Street, SW., Mail Stop 1-5, Washington, DC 20219.
     Hand Delivery/Courier: 250 E Street, SW., Attn: Public 
Information Room, Mail Stop 1-5, Washington, DC 20219.
    Instructions: All submissions received must include the agency name 
(OCC) and docket number for this notice. In general, the OCC will enter 
all comments received into the docket without change, including any 
business or personal information that you provide.
    You may review comments and other related materials by any of the 
following methods:
     Viewing Comments Personally: You may personally inspect 
and photocopy comments at the OCC's Public Information Room, 250 E 
Street, SW., Washington, DC. You can make an appointment to inspect 
comments by calling (202) 874-5043.
     Viewing Comments Electronically: You may request that we 
send you an electronic copy of comments via e-mail or mail you a CD-ROM 
containing electronic copies by contacting the OCC at 
regs.comments@occ.treas.gov.
     Docket Information: You may also request available 
background documents and project summaries using the methods described 
above.
    Board: You may submit comments, identified by Docket No. OP-1246, 
by any of the following methods:
     Agency Web site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.

[[Page 9340]]

     E-mail: regs.comments@federalreserve.gov. Include the 
docket number in the subject line of the message.
     FAX: 202/452-3819 or 202/452-3102.
     Mail: Jennifer J. Johnson, Secretary, Board of Governors 
of the Federal Reserve System, 20th Street and Constitution Avenue, 
NW., Washington, DC 20551.
    All public comments are available from the Board's Web site at 
http:/www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as 
submitted, unless modified for technical reasons. Accordingly, your 
comments will not be edited to remove any identifying or contact 
information. Public comments may also be viewed in electronic or paper 
form in Room MP-500 of the Board's Martin Building (20th and C Streets, 
NW.) between 9 a.m. and 5 p.m. on weekdays.
    FDIC: You may submit comments by any of the following methods:
     Agency Web site: http://www.fdic.gov/regulations/laws/
federal/propose.html. Follow the instructions for submitting comments 
on the Agency Web site.
     E-Mail: Comments@FDIC.gov.
     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 a.m. and 5 p.m.
    Instructions: All submissions received must include the agency 
name. All comments received will be posted without change to http://
www.fdic.gov/regulations/laws/federal/propose.html including any 
personal information provided.
    OTS: You may submit comments, identified by docket number 2005-56, 
by any of the following methods:
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     E-mail address: regs.comments@ots.treas.gov. Please 
include docket number 2005-56 in the subject line of the message and 
include your name and telephone number in the message.
     Fax: (202) 906-6518.
     Mail: Regulation Comments, Chief Counsel's Office, Office 
of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552, 
Attention: No. 2005-56.
     Hand Delivery/Courier: Guard's Desk, East Lobby Entrance, 
1700 G Street, NW., from 9 a.m. to 4 p.m. on business days. Address 
envelope as follows: Attention: Regulation Comments, Chief Counsel's 
Office, Attention: No. 2005-56.
    Instructions: All submissions received must include the agency name 
and docket number for this proposed Guidance. All comments received 
will be posted without change to the OTS Internet site at http://
www.ots.treas.gov/pagehtml.cfm?catNumber=67&an=1, including any 
personal information provided.
    Docket: For access to the docket to read background documents or 
comments received, go to http://www.ots.treas.gov/
pagehtml.cfm?catNumber=67&an=1. In addition, you may inspect comments 
at the OTS's Public Reading Room, 1700 G Street, NW., by appointment. 
To make an appointment for access, call (202) 906-5922, send an e-mail 
to public.info@ots.treas.gov, or send a facsimile transmission to (202) 
906-7755. (Prior notice identifying the materials you will be 
requesting will assist us in serving you.) We schedule appointments on 
business days between 10 a.m. and 4 p.m. In most cases, appointments 
will be available the next business day following the date we receive a 
request.
    NCUA: You may submit comments by any of the following methods:
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     NCUA Web site: http://www.ncua.gov/
RegulationsOpinionsLaws/proposed_regs/proposed_regs.html. Follow the 
instructions for submitting comments.
     E-mail: Address to regcomments@ncua.gov. Include ``[Your 
name] Comments on Interagency Guidance on Nontraditional Mortgages'' in 
the e-mail subject line.
     Fax: (703) 518-6319. Use the subject line described above 
for e-mail.
     Mail: Address to Mary Rupp, Secretary of the Board, 
National Credit Union Administration, 1775 Duke Street, Alexandria, 
Virginia 22314-3428.
     Hand Delivery/Courier: Same as mail address.

FOR FURTHER INFORMATION CONTACT:
    OCC: Gregory Nagel, National Bank Examiner/Credit Risk Specialist, 
Credit Risk Policy, (202) 874-5170; or Michael S. Bylsma, Director, or 
Stephen Van Meter, Assistant Director, Community and Consumer Law 
Division, (202) 874-5750.
    Board: Brian Valenti, Supervisory Financial Analyst, (202) 452-
3575; or Virginia Gibbs, Senior Supervisory Financial Analyst, (202) 
452-2521; or Sabeth I. Siddique, Assistant Director, (202) 452-3861, 
Division of Banking Supervision and Regulation; or Minh-Duc T. Le, 
Senior Attorney, Division of Consumer and Community Affairs, (202) 452-
3667; or Andrew Miller, Counsel, Legal Division, (202) 452-3428. For 
users of Telecommunications Device for the Deaf (``TDD'') only, contact 
(202) 263-4869.
    FDIC: James Leitner, Senior Examination Specialist, (202) 898-6790, 
or April Breslaw, Acting Associate Director, (202) 898-6609, Division 
of Supervision and Consumer Protection; or Ruth R. Amberg, Senior 
Counsel, (202) 898-3736, or Richard Foley, Counsel, (202) 898-3784, 
Legal Division.
    OTS: William Magrini, Senior Project Manager, (202) 906-5744; or 
Maurice McClung, Program Manager, Market Conduct, Operation Risk, (202) 
906-6182; and Richard Bennett, Counsel, Banking and Finance, (202) 906-
7409.
    NCUA: Cory Phariss, Program Officer, Examination and Insurance, 
(703) 518-6618.

SUPPLEMENTARY INFORMATION: On December 29, 2005, the Agencies published 
for comment the proposed Guidance, which relates to mortgage loan 
products that allow borrowers to defer payment of principal and, 
sometimes, interest, including ``interest-only'' mortgages and 
``payment option'' adjustable rate mortgages. 70 FR 77249. The proposal 
stated that any comments on the proposal must be submitted on or before 
February 27, 2006.
    In response to the solicitation of comments, the Agencies have 
received a number of comments, including requests from several 
financial institutions and trade associations that represent financial 
institutions to extend the comment period. In light of the wide public 
interest in the proposal and the Agencies' desire to provide the public 
with sufficient time to consider the proposal and formulate any 
comments, the Agencies have decided to extend the comment period on the 
proposal by 30 days. The comment period will now run through March 29, 
2006.

    Dated: February 13, 2006.
John C. Dugan,
Comptroller of the Currency.


    By order of the Board of Governors of the Federal Reserve 
System, February 14, 2006.
Jennifer J. Johnson,
Secretary of the Board.

    Dated at Washington, DC, the 16th day of February, 2006.


[[Page 9341]]


    By order of the Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.

    Dated: February 16, 2006.

    By the Office of Thrift Supervision.
John M. Reich,
Director.

    By the National Credit Union Administration Board on February 9, 
2006.
Mary Rupp,
Secretary of the Board.
[FR Doc. 06-1675 Filed 2-22-06; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P; 6720-01-P; 7535-01-P