Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager, 67643-67644 [2012-27459]
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67643
Federal Register / Vol. 77, No. 219 / Tuesday, November 13, 2012 / Notices
intervene or protest must serve a copy
of that document on the Applicant.
Notice is hereby given that the
deadline for filing protests with regard
to the applicant’s request for blanket
authorization, under 18 CFR part 34, of
future issuances of securities and
assumptions of liability, is November
26, 2012.
The Commission encourages
electronic submission of protests and
interventions in lieu of paper, using the
FERC Online links at https://
www.ferc.gov. To facilitate electronic
service, persons with Internet access
who will eFile a document and/or be
listed as a contact for an intervenor
must create and validate an
eRegistration account using the
eRegistration link. Select the eFiling
link to log on and submit the
intervention or protests.
Persons unable to file electronically
should submit an original and 14 copies
of the intervention or protest to the
Federal Energy Regulatory Commission,
888 First Street, NE., Washington, DC
20426.
The filings in the above-referenced
proceeding are accessible in the
Commission’s eLibrary system by
clicking on the appropriate link in the
above list. They are also available for
review in the Commission’s Public
Reference Room in Washington, DC.
There is an eSubscription link on the
Web site that enables subscribers to
receive email notification when a
document is added to a subscribed
docket(s). For assistance with any FERC
Online service, please email
FERCOnlineSupport@ferc.gov. or call
(866) 208–3676 (toll free). For TTY, call
(202) 502–8659.
Dated: November 6, 2012.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2012–27499 Filed 11–9–12; 8:45 am]
BILLING CODE 6717–01–P
DEPARTMENT OF ENERGY
Federal Energy Regulatory
Commission
[Docket No. OR13–6–000]
Enbridge Pipelines (North Dakota)
LLC; Notice of Petition for Declaratory
Order
Take notice that on November 2,
2012, pursuant to Rule 207(a)(2) of the
Commission’s Rules of Practices and
Procedure, 18 CFR 385.207(a)(2)(2012),
Enbridge Pipelines (North Dakota) LLC,
filed a petition seeking a declaratory
order and approval of a related Offer of
Settlement with respect to a major
proposed expansion and extension of
the Enbridge North Dakota pipeline
system known as the Sandpiper Project,
as more fully described in their petition.
Any person desiring to intervene or to
protest in this proceedings must file in
accordance with Rules 211 and 214 of
the Commission’s Rules of Practice and
Procedure (18 CFR 385.211 and
385.214) on or before 5:00 p.m. Eastern
time on the specified comment date.
Protests will be considered by the
Commission in determining the
appropriate action to be taken, but will
not serve to make protestants parties to
the proceeding. Anyone filing a motion
to intervene or protest must serve a copy
of that document on the Petitioner.
The Commission encourages
electronic submission of protests and
interventions in lieu of paper, using the
FERC Online links at https://
www.ferc.gov. To facilitate electronic
service, persons with Internet access
who will eFile a document and/or be
listed as a contact for an intervenor
must create and validate an
eRegistration account using the
eRegistration link. Select the eFiling
link to log on and submit the
intervention or protests.
Persons unable to file electronically
should submit an original and 14 copies
of the intervention or protest to the
Federal Energy Regulatory Commission,
888 First St. NE., Washington, DC
20426.
The filings in the above proceedings
are accessible in the Commission’s
eLibrary system by clicking on the
appropriate link in the above list. They
are also available for review in the
Commission’s Public Reference Room in
Washington, DC. There is an
eSubscription link on the Web site that
enables subscribers to receive email
notification when a document is added
to a subscribed docket(s). For assistance
with any FERC Online service, please
email FERCOnlineSupport@ferc.gov. or
call (866) 208–3676 (toll free). For TTY,
call (202) 502–8659.
Comment Date: 5:00 p.m. Eastern time
on Tuesday, November 27, 2012.
Dated: November 6, 2012.
Kimberly D. Bose,
Secretary.
[FR Doc. 2012–27505 Filed 11–9–12; 8:45 am]
BILLING CODE 6717–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
Update to Notice of Financial
Institutions for Which the Federal
Deposit Insurance Corporation Has
Been Appointed Either Receiver,
Liquidator, or Manager
Federal Deposit Insurance
Corporation.
ACTION: Update listing of financial
institutions in liquidation.
AGENCY:
Notice is hereby given that
the Federal Deposit Insurance
Corporation (Corporation) has been
appointed the sole receiver for the
following financial institutions effective
as of the Date Closed as indicated in the
listing. This list (as updated from time
to time in the Federal Register) may be
relied upon as ‘‘of record’’ notice that
the Corporation has been appointed
receiver for purposes of the statement of
policy published in the July 2, 1992
issue of the Federal Register (57 FR
29491). For further information
concerning the identification of any
institutions which have been placed in
liquidation, please visit the Corporation
Web site at www.fdic.gov/bank/
individual/failed/banklist.html or
contact the Manager of Receivership
Oversight in the appropriate service
center.
SUMMARY:
Dated: November 5, 2012.
Federal Deposit Insurance Corporation.
Pamela Johnson,
Regulatory Editing Specialist.
srobinson on DSK4SPTVN1PROD with
INSTITUTIONS IN LIQUIDATION
[In alphabetical order]
FDIC Ref. No.
Bank name
City
10464 ................
10465 ................
Citizens First National Bank ...................................................................................
Heritage Bank of Florida .........................................................................................
Princeton ..........
Lutz ...................
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State
IL
FL
Date closed
11/2/2012
11/2/2012
67644
Federal Register / Vol. 77, No. 219 / Tuesday, November 13, 2012 / Notices
[FR Doc. 2012–27459 Filed 11–9–12; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL HOUSING FINANCE
AGENCY
[No. 2012–N–17]
Examination Rating System
AGENCY:
Federal Housing Finance
Agency.
ACTION:
Notice.
The Federal Housing Finance
Agency (FHFA) is adopting a new
examination rating system to be used
when examining Fannie Mae and
Freddie Mac (Enterprises), the Federal
Home Loan Banks (Banks) (collectively,
regulated entities), and the Banks’ Office
of Finance. The new rating system is
based on a ‘‘CAMELSO’’ framework and
requires an assessment of seven
individual components dealing with
Capital, Asset quality, Management,
Earnings, Liquidity, Sensitivity to
market risk, and Operational risk. The
new system replaces those that had been
developed by FHFA’s predecessor
agencies.
SUMMARY:
FHFA will use the new rating
system for all examinations
commencing after January 1, 2013.
DATES:
FOR FURTHER INFORMATION CONTACT:
Karen Walter, Senior Associate Director,
Division of Supervision Policy and
Support, (202) 649–3405,
Karen.Walter@fhfa.gov, or Carol
Connelly, Principal Examination
Specialist, Division of Supervision
Policy and Support, (202) 649–3232,
Carol.Connelly@fhfa.gov, Federal
Housing Finance Agency, 400 Seventh
Street SW., Washington, DC 20024.
SUPPLEMENTARY INFORMATION:
I. Background
srobinson on DSK4SPTVN1PROD with
A. Notice and Request for Comments
In June 2012, FHFA published a
notice and request for public comments
(Notice) relating to a new rating system
to be used when examining the
Enterprises, Banks, and Office of
Finance. See 77 FR 36536 (June 19,
2012). The 30-day comment period
closed on July 19, 2012 without FHFA
receiving any comment letters.
Accordingly, FHFA is adopting the new
examination rating system as proposed
in the Notice, with the exception of the
minor revisions noted below, which
FHFA is making to clarify certain
aspects of the new system.
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B. Finance Agency’s Statutory
Authorities
Effective July 30, 2008, the Housing
and Economic Recovery Act of 2008
(HERA), Public Law 110–289, 122 Stat.
2654 (2008), created FHFA as an
independent agency of the Federal
Government and transferred to it the
supervisory and oversight
responsibilities over the Enterprises and
Banks that formerly had been vested
with the Office of Federal Housing
Enterprise Oversight (OFHEO) and the
Federal Housing Finance Board
(Finance Board), respectively. HERA
provided that the Enterprises and the
Banks were to be subject to the
supervision and regulation of FHFA,
and granted the Director of FHFA
general regulatory authority over those
regulated entities. 12 U.S.C. 4511(b). As
regulator, FHFA is charged with
ensuring that the Banks and Enterprises
operate in a safe and sound manner,
comply with applicable laws, and carry
out their statutory missions. 12 U.S.C.
4513(a). The Director is authorized to
exercise whatever incidental powers are
necessary or appropriate to fulfilling his
duties and responsibilities in overseeing
the Banks and Enterprises, and to issue
any regulations, guidelines or orders as
are necessary to carry out his duties. 12
U.S.C. 4513(a)(2), 4526(a). The Director
is also required to conduct an annual
on-site examination of each Bank and
Enterprise to determine its financial
condition and to ensure that it operates
in a safe and sound manner, and is
authorized to conduct other
examinations whenever he deems it to
be appropriate or necessary. 12 U.S.C.
4517(a), (b).
C. Existing Examination Rating Systems
As described in the Notice, FHFA
examinations staff continues to use the
examination rating systems that had
been developed by its predecessor
agencies. The FHFA’s Division of
Federal Home Loan Bank Regulation
uses the Federal Home Loan Bank
Rating System for assigning examination
ratings to the Banks and the Office of
Finance. That system had been
developed by the Finance Board and
was adopted after having been
published for comment in the Federal
Register. See 72 FR 547 (January 5,
2007). That rating system was a numeric
system based on a four-point scale. The
FHFA examinations staff also continues
to use the rating system developed by
OFHEO in connection with its
examination of the Enterprises. The
OFHEO rating system was based on a
non-numeric four-point scale ranging
from ‘‘No or Minimal Concerns’’ to
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‘‘Critical Concerns.’’ Although those
existing examination rating systems
differ in certain respects, both
effectively addressed governance,
capital adequacy and earnings, credit
risk, market risk, and operational risk,
which reflects the similarity in the
financial risks to which the Banks and
Enterprises are exposed. Because of
those similarities, FHFA determined
that it could improve its examination
process by developing a single rating
system that could be used when
examining the Enterprises, the Banks,
and the Banks’ Office of Finance.
D. Proposed Examination Rating System
As described in the Notice, FHFA
relies on its annual on-site
examinations, as well as on periodic
visitations and off-site monitoring, to
ensure that the Banks and the
Enterprises operate in a safe and sound
manner, comply with applicable laws,
and carry out their housing finance
missions. On-site examinations ensure
that FHFA carries out its oversight
responsibilities and constitute the
cornerstone of the agency’s safety and
soundness supervision program. As
such, it is important that the manner in
which the examinations are conducted
and the manner in which the
examination findings are organized and
presented address key areas of the
entities’ business that present risks to
their financial condition, performance,
and safe and sound operations. The new
examination rating system further
refines the means of FHFA’s
communicating examination results, so
that it may better identify and address
supervisory concerns that may arise.
II. New Examination Rating System
The new examination rating system is
the same as described in the Notice,
with the exception of the minor
revisions noted below. The new system
is risk-focused, which means that each
regulated entity and the Office of
Finance will be assigned a composite
rating based on an evaluation of various
aspects of its operations. Specifically,
the composite rating of a Bank or an
Enterprise will be based on an
evaluation and rating of the following
seven individual components: Capital,
Asset quality; Management; Earnings;
Liquidity; Sensitivity to market risk; and
Operational risk, and will be referred to
as the Entity’s ‘‘CAMELSO’’ rating. That
rating system is similar to the
‘‘CAMELS’’ rating system used by the
federal banking regulators for depository
institutions. For the Banks’ joint office,
the Office of Finance, the composite
rating will be based primarily on an
evaluation of two components,
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[Federal Register Volume 77, Number 219 (Tuesday, November 13, 2012)]
[Notices]
[Pages 67643-67644]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-27459]
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FEDERAL DEPOSIT INSURANCE CORPORATION
Update to Notice of Financial Institutions for Which the Federal
Deposit Insurance Corporation Has Been Appointed Either Receiver,
Liquidator, or Manager
AGENCY: Federal Deposit Insurance Corporation.
ACTION: Update listing of financial institutions in liquidation.
-----------------------------------------------------------------------
SUMMARY: Notice is hereby given that the Federal Deposit Insurance
Corporation (Corporation) has been appointed the sole receiver for the
following financial institutions effective as of the Date Closed as
indicated in the listing. This list (as updated from time to time in
the Federal Register) may be relied upon as ``of record'' notice that
the Corporation has been appointed receiver for purposes of the
statement of policy published in the July 2, 1992 issue of the Federal
Register (57 FR 29491). For further information concerning the
identification of any institutions which have been placed in
liquidation, please visit the Corporation Web site at www.fdic.gov/bank/individual/failed/banklist.html or contact the Manager of
Receivership Oversight in the appropriate service center.
Dated: November 5, 2012.
Federal Deposit Insurance Corporation.
Pamela Johnson,
Regulatory Editing Specialist.
Institutions in Liquidation
[In alphabetical order]
----------------------------------------------------------------------------------------------------------------
FDIC Ref. No. Bank name City State Date closed
----------------------------------------------------------------------------------------------------------------
10464...................... Citizens First Princeton.................. IL 11/2/2012
National Bank.
10465...................... Heritage Bank of Lutz....................... FL 11/2/2012
Florida.
----------------------------------------------------------------------------------------------------------------
[[Page 67644]]
[FR Doc. 2012-27459 Filed 11-9-12; 8:45 am]
BILLING CODE 6714-01-P
