Technical Amendments To Reflect BIF and SAIF Merger, 19810-19812 [06-3720]
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19810
Federal Register / Vol. 71, No. 74 / Tuesday, April 18, 2006 / Rules and Regulations
issued under sec. 189, 68 Stat. 955 (42 U.S.C.
2239); sec. 134, Pub. L. 97–425, 96 Stat. 2230
(42 U.S.C. 10154). Section 72.96(d) also
issued under sec. 145(g), Pub. L. 100–203,
101 Stat. 1330–235 (42 U.S.C. 10165(g)).
Subpart J also issued under secs. 2(2), 2(15),
2(19), 117(a), 141(h), Pub. L. 97–425, 96 Stat.
2202, 2203, 2204, 2222, 2224 (42 U.S.C.
10101, 10137(a), 10161(h)). Subparts K and L
are also issued under sec. 133, 98 Stat. 2230
(42 U.S.C. 10153) and sec. 218(a), 96 Stat.
2252 (42 U.S.C. 10198).
2. In § 72.214, Certificate of
Compliance 1026 is revised to read as
follows:
I
§ 72.214 List of approved spent fuel
storage casks.
*
*
*
*
*
Certificate Number: 1026.
Initial Certificate Effective Date:
February 15, 2001.
Amendment Number 1 Effective Date:
May 14, 2001.
Amendment Number 2 Effective Date:
January 28, 2002.
Amendment Number 3 Effective Date:
May 7, 2003.
Amendment Number 4 Effective Date:
July 3, 2006.
SAR Submitted by: BNG Fuel
Solutions Corporation.
SAR Title: Final Safety Analysis
Report for the FuelSolutionsTM Spent
Fuel Management System.
Docket Number: 72–1026.
Certificate Expiration Date: February
15, 2021.
Model Number: WSNF–220, WSNF–
221, and WSNF–223 systems; W–150
storage cask; W–100 transfer cask; and
the W–21 and W–74 canisters.
*
*
*
*
*
Dated at Rockville, Maryland, this 3rd day
of April, 2006.
For the Nuclear Regulatory Commission.
Luis A. Reyes,
Executive Director for Operations.
[FR Doc. 06–3651 Filed 4–17–06; 8:45 am]
BILLING CODE 7590–01–P
DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
12 CFR Parts 528, 546, 552, 561, 563,
563b, 570, 574, 575, and 583
[No. 2006–15]
RIN 1550–AC05
hsrobinson on PROD1PC68 with RULES
Technical Amendments To Reflect BIF
and SAIF Merger
Office of Thrift Supervision,
Treasury.
ACTION: Final rule.
AGENCY:
The Office of Thrift
Supervision (OTS) is amending its
SUMMARY:
VerDate Aug<31>2005
15:00 Apr 17, 2006
Jkt 208001
regulations to incorporate numerous
technical and conforming amendments
necessary to reflect the recent merger of
the Bank Insurance Fund (BIF) and the
Savings Association Insurance Fund
(SAIF).
DATES: Effective Date: April 18, 2006.
FOR FURTHER INFORMATION CONTACT:
Sandra E. Evans, Legal Information
Assistant (Regulations), (202) 906–6076;
or Richard Bennett, Counsel, (202) 906–
7409, Regulations and Legislation
Division, Chief Counsel’s Office, Office
of Thrift Supervision, 1700 G Street,
NW., Washington, DC 20552.
SUPPLEMENTARY INFORMATION: OTS is
amending its regulations to incorporate
numerous technical and conforming
amendments necessary to reflect the
recent merger of the Bank Insurance
Fund (BIF) and the Savings Association
Insurance Fund (SAIF). The Deposit
Insurance Reform Act of 2005, which
was enacted as part of the Deficit
Reduction Act of 2005, Public Law 109–
171, brought about this merger, creating
one Deposit Insurance Fund (DIF). The
President signed that act into law on
February 8, 2006.
The Act provides that the merger
would take effect no later than July 1,
2006. The Federal Deposit Insurance
Corporation made the merger effective
March 31, 2006.
Accordingly, OTS is making technical
and conforming amendments to its
regulations. These include deleting
references to SAIF and BIF, substituting
references to DIF where applicable, and
other related changes to simplify
definitions and provisions consistent
with the Deposit Insurance Reform Act
of 2005.
Administrative Procedure Act; Riegle
Community Development and
Regulatory Improvement Act of 1994
OTS finds that there is good cause to
dispense with prior notice and comment
on this final rule and with the 30-day
delay of effective date mandated by the
Administrative Procedure Act. 5 U.S.C.
553. OTS believes that these procedures
are unnecessary and contrary to public
interest because the rule merely makes
technical and conforming amendments
to existing provisions necessitated by
the merger of BIF and SAIF under the
Deposit Insurance Reform Act of 2005.
That merger took effect March 31, 2006.
Section 302 of the Riegle Community
Development and Regulatory
Improvement Act of 1994 provides that
regulations that impose additional
reporting, disclosure, or other new
requirements may not take effect before
the first day of the quarter following
publication. Public Law 103–325, 12
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U.S.C. 4802. This section does not apply
because this final rule imposes no
additional requirements and makes only
technical and conforming changes to
existing regulations.
Regulatory Flexibility Act
Pursuant to section 605(b) of the
Regulatory Flexibility Act, Public Law
96–354, 5 U.S.C. 601, the OTS Director
certifies that this regulation will not
have a significant economic impact on
a substantial number of small entities.
Executive Order 12866
OTS has determined that this rule is
not a ‘‘significant regulatory action’’ for
purposes of Executive Order 12866.
Unfunded Mandates Reform Act of
1995
OTS has determined that the
requirements of this final rule will not
result in expenditures by State, local,
and tribal governments, or by the
private sector, of $100 million or more
in any one year. Accordingly, a
budgetary impact statement is not
required under section 202 of the
Unfunded Mandates Reform Act of
1995.
List of Subjects
12 CFR Part 528
Advertising, Aged, Civil rights, Credit,
Equal employment opportunity, Fair
housing, Individuals with disabilities,
Marital status discrimination,
Mortgages, Religious discrimination,
Reporting and recordkeeping
requirements, Savings associations, Sex
discrimination, Signs and symbols.
12 CFR Part 546
Reporting and recordkeeping
requirements, Savings associations.
12 CFR Parts 552 and 563b
Reporting and recordkeeping
requirements, Savings associations,
Securities.
12 CFR Part 561
Savings associations.
12 CFR Part 563
Accounting, Administrative practice
and procedure, Advertising, Conflict of
interest, Crime, Currency, Holding
companies, Investments, Mortgages,
Reporting and recordkeeping
requirements, Savings associations,
Securities, Surety bond.
12 CFR Part 570
Accounting, Administrative practice
and procedure, Bank deposit insurance,
Holding companies, Reporting and
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18APR1
Federal Register / Vol. 71, No. 74 / Tuesday, April 18, 2006 / Rules and Regulations
recordkeeping requirements, Savings
associations.
PART 552—FEDERAL STOCK
ASSOCIATIONS—INCORPORATION,
ORGANIZATION, AND CONVERSION
12 CFR Part 574
5. The authority citation for part 552
continues to read as follows:
I
Administrative practice and
procedure, Holding companies,
Reporting and recordkeeping
requirements, Savings associations,
Securities.
Authority: 12 U.S.C. 1462, 1462a, 1463,
1464, 1467a.
6. Revise § 552.13(a) and (c)(3) to read
as follows:
I
12 CFR Part 575
§ 552.13 Combinations involving Federal
stock associations.
Administrative practice and
procedure, Holding companies,
Reporting and recordkeeping
requirements, Savings associations,
Securities.
12 CFR Part 583
Holding companies, Savings
associations.
Accordingly, the Office of Thrift
Supervision amends title 12, chapter V
of the Code of Federal Regulations, as
set forth below.
I
PART 528—NONDISCRIMINATION
REQUIREMENTS
1. The authority citation for part 528
continues to read as follows:
I
Authority: 12 U.S.C. 1464, 2810 et seq.,
2901 et seq.; 15 U.S.C. 1691; 42 U.S.C. 1981,
1982, 3601–3619.
I
2. Revise § 528.1(b) to read as follows:
§ 528.1
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(b) Savings association. The term
‘‘savings association’’ means any
savings association as defined in 12
U.S.C. 1813(b).
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§ 561.7
§ 561.41
I
[Removed]
10. Remove and reserve § 561.41.
11. The authority citation for part 563
continues to read as follows:
Authority: 12 U.S.C. 375b, 1462, 1462a,
1463, 1464, 1467a, 1468, 1817, 1820, 1828,
1831o, 3806; 31 U.S.C. 5318; 42 U.S.C. 4106.
4. Revise § 546.2(a)(3) to read as
follows:
I
hsrobinson on PROD1PC68 with RULES
9. Remove and reserve § 561.7.
I
Authority: 12 U.S.C. 1462, 1462a, 1463,
1464, 1467a, 2901 et seq.
Procedure; effective date.
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(a) * * *
(3) Any resulting Federal savings
association conforms within the time
prescribed by the OTS to the
requirements of sections 5(c) and 10(m)
of the Home Owners’ Loan Act; and
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Jkt 208001
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12. Amend § 563.22 as follows:
a. Revise paragraph (d)(4);
b. Remove ‘‘the Savings Association
Insurance Fund, the Bank Insurance
Fund,’’ and add in its place ‘‘the Deposit
Insurance Fund’’ in paragraph (e)(2)(i);
I c. Remove ‘‘, except as provided in
paragraph (h)(2)(iii) of this section’’ in
paragraph (h)(2)(ii); and
I d. Remove paragraph (h)(2)(iii), to
read as follows:
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Frm 00007
Fmt 4700
§ 563.22 Merger, consolidation, purchase
or sale of assets, or assumption of
liabilities.
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(d) * * *
(4) Applications filed under
paragraph (a) of this section must be
processed in accordance with the time
frames set forth in §§ 516.210 through
516.290 of this chapter, provided that
the period for review may be extended
only if the Office determines that the
applicant has failed to furnish all
requested information or that the
information submitted is substantially
inaccurate, in which case the review
period may be extended for up to 30
days.
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§ 563.81
[Amended]
13. Amend § 563.81 as follows:
a. Remove ‘‘the Savings Association
Insurance Fund or the Bank Insurance
Fund, as the case may be,’’ and add in
its place ‘‘the Deposit Insurance Fund’’
in paragraph (b)(3);
I b. Remove ‘‘the Savings Association
Insurance Fund or the Bank Insurance
Fund, as the case may be,’’ and add in
its place ‘‘the Deposit Insurance Fund’’
in paragraph (f);
I c. Remove ‘‘whose accounts are
insured by the Savings Association
Insurance Fund,’’ in paragraph (k)(3)(ii);
and
I d. Remove ‘‘the Savings Association
Insurance Fund or the Bank Insurance
Fund, as appropriate’’ and add in its
place ‘‘the Deposit Insurance Fund’’ in
paragraph (k)(5)(i).
I
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PART 563b—CONVERSIONS FROM
MUTUAL TO STOCK FORM
[Removed]
PART 563—SAVINGS
ASSOCIATIONS—OPERATIONS
3. The authority citation for part 546
continues to read as follows:
*
[Amended]
8. Amend § 561.3 by removing ‘‘SAIF’’
and adding in its place ‘‘Deposit
Insurance Fund’’.
I
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15:00 Apr 17, 2006
7. The authority citation for part 561
continues to read as follows:
I
§ 561.3
PART 546—FEDERAL MUTUAL
SAVINGS ASSOCIATIONS—MERGER,
DISSOLUTION, REORGANIZATION,
AND CONVERSION
VerDate Aug<31>2005
PART 561—DEFINITIONS FOR
REGULATIONS AFFECTING ALL
SAVINGS ASSOCIATIONS
Authority: 12 U.S.C. 1462, 1462a, 1463,
1464, 1467a.
Definitions.
*
§ 546.2
(a) Scope and authority. Federal stock
associations may enter into
combinations only in accordance with
the provisions of this section, section
18(c) of the Federal Deposit Insurance
Act, sections 5(d)(3)(A) and 10(s) of the
Home Owners’ Loan Act, and § 563.22
of this part.
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(c) * * *
(3) Any resulting Federal savings
association conforms within the time
prescribed by the OTS to the
requirements of sections 5(c) and 10(m)
of the Home Owners’ Loan Act; and
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19811
Sfmt 4700
14. The authority citation for part
563b continues to read as follows:
I
Authority: 12 U.S.C. 1462, 1462a, 1463,
1464, 1467a, 2901; 15 U.S.C. 78c, 78l, 78m,
78n, 78w.
§ 563b.625
[Amended]
15. Amend § 563b.625 by removing
‘‘the federal deposit insurance funds’’
and adding in its place ‘‘the Deposit
Insurance Fund’’ in paragraphs (b)(3)
and (4).
I
§ 563b.630
[Amended]
16. Revise the section heading of
§ 563b.630 to read as follows:
I
§ 563b.630 When is a state-chartered
savings bank eligible for a voluntary
supervisory conversion?
17. Amend the introductory text of
§ 563b.630 by removing ‘‘BIF-insured’’.
I
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19812
Federal Register / Vol. 71, No. 74 / Tuesday, April 18, 2006 / Rules and Regulations
§ 563b.670
[Amended]
PART 583—DEFINITIONS FOR
REGULATIONS AFFECTING SAVINGS
AND LOAN HOLDING COMPANIES
18. Amend § 563b.670 by removing
‘‘the federal deposit insurance funds’’
and adding in its place ‘‘the Deposit
Insurance Fund’’ in paragraph (b).
I
§ 563b.675
27. The authority citation for part 583
continues to read as follows:
I
Authority: 12 U.S.C. 1462, 1462a, 1463,
1464, 1467a, 1468.
[Amended]
19. Amend § 563b.675 by removing
‘‘the federal deposit insurance funds’’
and adding in its place ‘‘the Deposit
Insurance Fund’’ in paragraph (b)(1).
I
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28. Revise § 583.3 to read as follows:
§ 583.3
PART 570—SAFETY AND SOUNDNESS
GUIDELINES AND COMPLIANCE
PROCEDURES
Bank.
The term bank means any national
bank, state bank, state-chartered savings
bank, cooperative bank, or industrial
bank, the deposits of which are insured
by the Deposit Insurance Fund.
20. The authority citation for part 570
continues to read as follows:
§ 583.5
Authority: 12 U.S.C. 1462a, 1463, 1464,
1467a, 1828, 1831p–1, 1881–1884; 15 U.S.C.
1681s and 1681w; 15 U.S.C. 6801 and
6805(b)(1).
§ 583.19
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Appendix A to Part 570 [Amended]
21. Amend paragraph I(vi) of
Appendix A by removing ‘‘the deposit
insurance funds’’ and adding in its
place ‘‘the Deposit Insurance Fund’’.
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[Removed]
29. Remove and reserve § 583.5.
[Removed]
30. Remove and reserve § 583.19.
Dated: March 31, 2006.
By the Office of Thrift Supervision.
John M. Reich,
Director.
[FR Doc. 06–3720 Filed 4–17–06; 8:45 am]
BILLING CODE 6720–01–P
SMALL BUSINESS ADMINISTRATION
22. The authority citation for part 574
continues to read as follows:
RIN 3245–AE92
13 CFR Part 121
Authority: 12 U.S.C. 1467a, 1817, 1831i.
§ 574.2
U.S. Small Business
Administration.
ACTION: Correcting amendment.
23. Remove and reserve § 574.2,
paragraphs (e) and (o).
I
§ 574.7
[Amended]
24. Amend § 574.7 as follows:
a. Remove ‘‘the SAIF or BIF; or’’ and
add in its place ‘‘the Deposit Insurance
Fund; or’’ in paragraph (c)(1)(i);
I b. Remove ‘‘the SAIF or the BIF’’ and
add in its place ‘‘the Deposit Insurance
Fund’’ in paragraph (d)(6).
I
I
25. The authority citation for part 575
continues to read as follows:
hsrobinson on PROD1PC68 with RULES
Authority: 12 U.S.C. 1462, 1462a, 1463,
1464, 1467a, 1828, 2901.
[Amended]
26. Amend § 575.7 by removing ‘‘the
relevant Federal deposit insurance
fund,’’ and adding in its place ‘‘the
Deposit Insurance Fund,’’ in paragraph
(d)(6)(ii).
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15:00 Apr 17, 2006
Jkt 208001
Effective April 18, 2006.
Gary
Jackson, Assistant Administrator, Office
of Size Standards, (202) 205–6618, or
sizestandards@sba.gov.
FOR FURTHER INFORMATION CONTACT:
I
I
SUMMARY: This document contains a
correction to the final regulations which
were published in the Federal Register
of Friday, May 21, 2004 (69 FR 29192).
The regulations amended several
definitions and made procedural and
technical amendments to cover several
of the U.S. Small Business
Administration’s (SBA’s or Agency’s)
programs.
DATES:
PART 575—MUTUAL HOLDING
COMPANIES
§ 575.7
Small Business Size Standards;
Correction
AGENCY:
[Amended]
SUPPLEMENTARY INFORMATION:
Background
On May 21, 2004 the SBA published
a final rule amending its size regulations
(69 FR 29192). These regulations are
used to determine eligibility for all SBA
and Federal programs that require an
entity to be a small business concern.
Section 121.404 was amended to
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Frm 00008
Fmt 4700
amended regulations now state that the new
entity must submit a written self-certification
that it is small to the procuring agency so that
the agency can count the award options, or
orders issued pursuant to that contract,
towards its small business goals.
69 FR 29192, 29198 (May 21, 2004).
According to the preamble, it is clear
that the self-certifications for novations
and change-of-name agreements affected
the subsequent options and orders, but
not the original contract award or any
option or order executed before the
novation or change-of-name agreement.
Need for Correction
PART 574—ACQUISITION OF
CONTROL OF SAVINGS
ASSOCIATIONS
I
address the treatment of the acquisition
of a small business concern by another
concern during contract performance.
Specifically, the final regulation states
that the new entity must submit a
written self-certification that it is small
to the procuring agency so that the
agency can count the award, options or
orders issued pursuant to the contract
towards its small business goals. In the
preamble to the final rule, however, the
SBA explained that the
Sfmt 4700
The final regulatory text, however,
contained an error that has caused some
confusion. The SBA misplaced a comma
in the final rule, which has caused
many readers to interpret section
121.404 to require concerns to submit a
self-certification as a small business at
the time of a novation or change-ofname so that the procuring agency can
count the original contract award
towards its small business goals. This
interpretation is incorrect, however, as
the procuring agency was already given
credit towards its small business goals
for the original contract award. Section
121.404 is only meant to address
whether the procuring agency can count
any future award options or orders
issued pursuant to the contract toward
the agency’s small business goals, if
there has been a novation or change-ofname during contract performance.
Therefore, the removal of the comma
after the word award will eliminate any
doubt as to the SBA’s intent regarding
this provision.
List of Subjects in 13 CFR Part 121
Administrative practice and
procedure, Government procurement,
Government property, Grant programs—
business, Loan programs—business,
Small businesses.
Accordingly, 13 CFR part 121 is
corrected by making the following
correcting amendment:
I
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]]>Agencies
[Federal Register Volume 71, Number 74 (Tuesday, April 18, 2006)]
[Rules and Regulations]
[Pages 19810-19812]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-3720]
=======================================================================
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DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
12 CFR Parts 528, 546, 552, 561, 563, 563b, 570, 574, 575, and 583
[No. 2006-15]
RIN 1550-AC05
Technical Amendments To Reflect BIF and SAIF Merger
AGENCY: Office of Thrift Supervision, Treasury.
ACTION: Final rule.
-----------------------------------------------------------------------
SUMMARY: The Office of Thrift Supervision (OTS) is amending its
regulations to incorporate numerous technical and conforming amendments
necessary to reflect the recent merger of the Bank Insurance Fund (BIF)
and the Savings Association Insurance Fund (SAIF).
DATES: Effective Date: April 18, 2006.
FOR FURTHER INFORMATION CONTACT: Sandra E. Evans, Legal Information
Assistant (Regulations), (202) 906-6076; or Richard Bennett, Counsel,
(202) 906-7409, Regulations and Legislation Division, Chief Counsel's
Office, Office of Thrift Supervision, 1700 G Street, NW., Washington,
DC 20552.
SUPPLEMENTARY INFORMATION: OTS is amending its regulations to
incorporate numerous technical and conforming amendments necessary to
reflect the recent merger of the Bank Insurance Fund (BIF) and the
Savings Association Insurance Fund (SAIF). The Deposit Insurance Reform
Act of 2005, which was enacted as part of the Deficit Reduction Act of
2005, Public Law 109-171, brought about this merger, creating one
Deposit Insurance Fund (DIF). The President signed that act into law on
February 8, 2006.
The Act provides that the merger would take effect no later than
July 1, 2006. The Federal Deposit Insurance Corporation made the merger
effective March 31, 2006.
Accordingly, OTS is making technical and conforming amendments to
its regulations. These include deleting references to SAIF and BIF,
substituting references to DIF where applicable, and other related
changes to simplify definitions and provisions consistent with the
Deposit Insurance Reform Act of 2005.
Administrative Procedure Act; Riegle Community Development and
Regulatory Improvement Act of 1994
OTS finds that there is good cause to dispense with prior notice
and comment on this final rule and with the 30-day delay of effective
date mandated by the Administrative Procedure Act. 5 U.S.C. 553. OTS
believes that these procedures are unnecessary and contrary to public
interest because the rule merely makes technical and conforming
amendments to existing provisions necessitated by the merger of BIF and
SAIF under the Deposit Insurance Reform Act of 2005. That merger took
effect March 31, 2006.
Section 302 of the Riegle Community Development and Regulatory
Improvement Act of 1994 provides that regulations that impose
additional reporting, disclosure, or other new requirements may not
take effect before the first day of the quarter following publication.
Public Law 103-325, 12 U.S.C. 4802. This section does not apply because
this final rule imposes no additional requirements and makes only
technical and conforming changes to existing regulations.
Regulatory Flexibility Act
Pursuant to section 605(b) of the Regulatory Flexibility Act,
Public Law 96-354, 5 U.S.C. 601, the OTS Director certifies that this
regulation will not have a significant economic impact on a substantial
number of small entities.
Executive Order 12866
OTS has determined that this rule is not a ``significant regulatory
action'' for purposes of Executive Order 12866.
Unfunded Mandates Reform Act of 1995
OTS has determined that the requirements of this final rule will
not result in expenditures by State, local, and tribal governments, or
by the private sector, of $100 million or more in any one year.
Accordingly, a budgetary impact statement is not required under section
202 of the Unfunded Mandates Reform Act of 1995.
List of Subjects
12 CFR Part 528
Advertising, Aged, Civil rights, Credit, Equal employment
opportunity, Fair housing, Individuals with disabilities, Marital
status discrimination, Mortgages, Religious discrimination, Reporting
and recordkeeping requirements, Savings associations, Sex
discrimination, Signs and symbols.
12 CFR Part 546
Reporting and recordkeeping requirements, Savings associations.
12 CFR Parts 552 and 563b
Reporting and recordkeeping requirements, Savings associations,
Securities.
12 CFR Part 561
Savings associations.
12 CFR Part 563
Accounting, Administrative practice and procedure, Advertising,
Conflict of interest, Crime, Currency, Holding companies, Investments,
Mortgages, Reporting and recordkeeping requirements, Savings
associations, Securities, Surety bond.
12 CFR Part 570
Accounting, Administrative practice and procedure, Bank deposit
insurance, Holding companies, Reporting and
[[Page 19811]]
recordkeeping requirements, Savings associations.
12 CFR Part 574
Administrative practice and procedure, Holding companies, Reporting
and recordkeeping requirements, Savings associations, Securities.
12 CFR Part 575
Administrative practice and procedure, Holding companies, Reporting
and recordkeeping requirements, Savings associations, Securities.
12 CFR Part 583
Holding companies, Savings associations.
0
Accordingly, the Office of Thrift Supervision amends title 12, chapter
V of the Code of Federal Regulations, as set forth below.
PART 528--NONDISCRIMINATION REQUIREMENTS
0
1. The authority citation for part 528 continues to read as follows:
Authority: 12 U.S.C. 1464, 2810 et seq., 2901 et seq.; 15 U.S.C.
1691; 42 U.S.C. 1981, 1982, 3601-3619.
0
2. Revise Sec. 528.1(b) to read as follows:
Sec. 528.1 Definitions.
* * * * *
(b) Savings association. The term ``savings association'' means any
savings association as defined in 12 U.S.C. 1813(b).
* * * * *
PART 546--FEDERAL MUTUAL SAVINGS ASSOCIATIONS--MERGER, DISSOLUTION,
REORGANIZATION, AND CONVERSION
0
3. The authority citation for part 546 continues to read as follows:
Authority: 12 U.S.C. 1462, 1462a, 1463, 1464, 1467a, 2901 et
seq.
0
4. Revise Sec. 546.2(a)(3) to read as follows:
Sec. 546.2 Procedure; effective date.
* * * * *
(a) * * *
(3) Any resulting Federal savings association conforms within the
time prescribed by the OTS to the requirements of sections 5(c) and
10(m) of the Home Owners' Loan Act; and
* * * * *
PART 552--FEDERAL STOCK ASSOCIATIONS--INCORPORATION, ORGANIZATION,
AND CONVERSION
0
5. The authority citation for part 552 continues to read as follows:
Authority: 12 U.S.C. 1462, 1462a, 1463, 1464, 1467a.
0
6. Revise Sec. 552.13(a) and (c)(3) to read as follows:
Sec. 552.13 Combinations involving Federal stock associations.
(a) Scope and authority. Federal stock associations may enter into
combinations only in accordance with the provisions of this section,
section 18(c) of the Federal Deposit Insurance Act, sections 5(d)(3)(A)
and 10(s) of the Home Owners' Loan Act, and Sec. 563.22 of this part.
* * * * *
(c) * * *
(3) Any resulting Federal savings association conforms within the
time prescribed by the OTS to the requirements of sections 5(c) and
10(m) of the Home Owners' Loan Act; and
* * * * *
PART 561--DEFINITIONS FOR REGULATIONS AFFECTING ALL SAVINGS
ASSOCIATIONS
0
7. The authority citation for part 561 continues to read as follows:
Authority: 12 U.S.C. 1462, 1462a, 1463, 1464, 1467a.
Sec. 561.3 [Amended]
0
8. Amend Sec. 561.3 by removing ``SAIF'' and adding in its place
``Deposit Insurance Fund''.
Sec. 561.7 [Removed]
0
9. Remove and reserve Sec. 561.7.
Sec. 561.41 [Removed]
0
10. Remove and reserve Sec. 561.41.
PART 563--SAVINGS ASSOCIATIONS--OPERATIONS
0
11. The authority citation for part 563 continues to read as follows:
Authority: 12 U.S.C. 375b, 1462, 1462a, 1463, 1464, 1467a, 1468,
1817, 1820, 1828, 1831o, 3806; 31 U.S.C. 5318; 42 U.S.C. 4106.
0
12. Amend Sec. 563.22 as follows:
0
a. Revise paragraph (d)(4);
0
b. Remove ``the Savings Association Insurance Fund, the Bank Insurance
Fund,'' and add in its place ``the Deposit Insurance Fund'' in
paragraph (e)(2)(i);
0
c. Remove ``, except as provided in paragraph (h)(2)(iii) of this
section'' in paragraph (h)(2)(ii); and
0
d. Remove paragraph (h)(2)(iii), to read as follows:
Sec. 563.22 Merger, consolidation, purchase or sale of assets, or
assumption of liabilities.
* * * * *
(d) * * *
(4) Applications filed under paragraph (a) of this section must be
processed in accordance with the time frames set forth in Sec. Sec.
516.210 through 516.290 of this chapter, provided that the period for
review may be extended only if the Office determines that the applicant
has failed to furnish all requested information or that the information
submitted is substantially inaccurate, in which case the review period
may be extended for up to 30 days.
* * * * *
Sec. 563.81 [Amended]
0
13. Amend Sec. 563.81 as follows:
0
a. Remove ``the Savings Association Insurance Fund or the Bank
Insurance Fund, as the case may be,'' and add in its place ``the
Deposit Insurance Fund'' in paragraph (b)(3);
0
b. Remove ``the Savings Association Insurance Fund or the Bank
Insurance Fund, as the case may be,'' and add in its place ``the
Deposit Insurance Fund'' in paragraph (f);
0
c. Remove ``whose accounts are insured by the Savings Association
Insurance Fund,'' in paragraph (k)(3)(ii); and
0
d. Remove ``the Savings Association Insurance Fund or the Bank
Insurance Fund, as appropriate'' and add in its place ``the Deposit
Insurance Fund'' in paragraph (k)(5)(i).
PART 563b--CONVERSIONS FROM MUTUAL TO STOCK FORM
0
14. The authority citation for part 563b continues to read as follows:
Authority: 12 U.S.C. 1462, 1462a, 1463, 1464, 1467a, 2901; 15
U.S.C. 78c, 78l, 78m, 78n, 78w.
Sec. 563b.625 [Amended]
0
15. Amend Sec. 563b.625 by removing ``the federal deposit insurance
funds'' and adding in its place ``the Deposit Insurance Fund'' in
paragraphs (b)(3) and (4).
Sec. 563b.630 [Amended]
0
16. Revise the section heading of Sec. 563b.630 to read as follows:
Sec. 563b.630 When is a state-chartered savings bank eligible for a
voluntary supervisory conversion?
0
17. Amend the introductory text of Sec. 563b.630 by removing ``BIF-
insured''.
[[Page 19812]]
Sec. 563b.670 [Amended]
0
18. Amend Sec. 563b.670 by removing ``the federal deposit insurance
funds'' and adding in its place ``the Deposit Insurance Fund'' in
paragraph (b).
Sec. 563b.675 [Amended]
0
19. Amend Sec. 563b.675 by removing ``the federal deposit insurance
funds'' and adding in its place ``the Deposit Insurance Fund'' in
paragraph (b)(1).
PART 570--SAFETY AND SOUNDNESS GUIDELINES AND COMPLIANCE PROCEDURES
0
20. The authority citation for part 570 continues to read as follows:
Authority: 12 U.S.C. 1462a, 1463, 1464, 1467a, 1828, 1831p-1,
1881-1884; 15 U.S.C. 1681s and 1681w; 15 U.S.C. 6801 and 6805(b)(1).
Appendix A to Part 570 [Amended]
0
21. Amend paragraph I(vi) of Appendix A by removing ``the deposit
insurance funds'' and adding in its place ``the Deposit Insurance
Fund''.
PART 574--ACQUISITION OF CONTROL OF SAVINGS ASSOCIATIONS
0
22. The authority citation for part 574 continues to read as follows:
Authority: 12 U.S.C. 1467a, 1817, 1831i.
Sec. 574.2 [Amended]
0
23. Remove and reserve Sec. 574.2, paragraphs (e) and (o).
Sec. 574.7 [Amended]
0
24. Amend Sec. 574.7 as follows:
0
a. Remove ``the SAIF or BIF; or'' and add in its place ``the Deposit
Insurance Fund; or'' in paragraph (c)(1)(i);
0
b. Remove ``the SAIF or the BIF'' and add in its place ``the Deposit
Insurance Fund'' in paragraph (d)(6).
PART 575--MUTUAL HOLDING COMPANIES
0
25. The authority citation for part 575 continues to read as follows:
Authority: 12 U.S.C. 1462, 1462a, 1463, 1464, 1467a, 1828, 2901.
Sec. 575.7 [Amended]
0
26. Amend Sec. 575.7 by removing ``the relevant Federal deposit
insurance fund,'' and adding in its place ``the Deposit Insurance
Fund,'' in paragraph (d)(6)(ii).
PART 583--DEFINITIONS FOR REGULATIONS AFFECTING SAVINGS AND LOAN
HOLDING COMPANIES
0
27. The authority citation for part 583 continues to read as follows:
Authority: 12 U.S.C. 1462, 1462a, 1463, 1464, 1467a, 1468.
0
28. Revise Sec. 583.3 to read as follows:
Sec. 583.3 Bank.
The term bank means any national bank, state bank, state-chartered
savings bank, cooperative bank, or industrial bank, the deposits of
which are insured by the Deposit Insurance Fund.
Sec. 583.5 [Removed]
0
29. Remove and reserve Sec. 583.5.
Sec. 583.19 [Removed]
0
30. Remove and reserve Sec. 583.19.
Dated: March 31, 2006.
By the Office of Thrift Supervision.
John M. Reich,
Director.
[FR Doc. 06-3720 Filed 4-17-06; 8:45 am]
BILLING CODE 6720-01-P
