Regulations Transferred From the Office of Thrift Supervision, 52405 [2013-20707]
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Federal Register / Vol. 78, No. 164 / Friday, August 23, 2013 / Rules and Regulations
financial company supervised by the
Board, if the company is a U.S.
company, this amount will be the
average of the nonbank financial
company’s total consolidated assets as
reported for the assessment period on
such regulatory or other reports as are
applicable to the nonbank financial
company determined by the Board; if
the company is a foreign company, this
amount will be the average of the
nonbank financial company’s total
combined assets of U.S. operations, net
of intercompany balances and
transactions between U.S. domiciled
affiliates, branches and agencies, as
reported for the assessment period on
such regulatory or other reports as
determined by the Board as applicable
to the nonbank financial company.
§ 246.5
Notice of assessment and appeal.
(a) Notice of Assessment. The Board
shall issue a notice of assessment to
each assessed company no later than
June 30 of each calendar year following
the assessment period, provided,
however, that for the 2012 assessment
period, the Board shall issue a notice of
assessment as soon as reasonably
practical after publication of the final
rule in the Federal Register.
(b) Appeal Period.
(1) Each assessed company will have
thirty calendar days from June 30, or, for
the 2012 assessment period, thirty
calendar days from the Board’s issuance
of a notice of assessment for that
assessment period, to submit a written
statement to appeal the Board’s
determination:
(i) That the company is an assessed
company; or
(ii) Of the company’s total assessable
assets.
(2) The Board will respond with the
results of its consideration to an
assessed company that has submitted a
written appeal within 15 calendar days
from the end of the appeal period in
paragraph (b)(1) of this section.
emcdonald on DSK67QTVN1PROD with RULES
§ 246.6 Collection of assessments;
payment of interest.
(a) Collection date. Each assessed
company shall remit to the Federal
Reserve the amount of its assessment
using the Fedwire Funds Service by
September 15 of the calendar year
following the assessment period, or, for
the 2012 assessment period, by a date
specified in the notice of assessment for
that assessment period.
(b) Payment of interest.
(1) If the Board does not receive the
total amount of an assessed company’s
assessment by the collection date for
any reason not attributable to the Board,
the assessment will be delinquent and
VerDate Mar<15>2010
17:05 Aug 22, 2013
Jkt 229001
the assessed company shall pay to the
Board interest on any sum owed to the
Board according to this rule (delinquent
payments).
(2) Interest on delinquent payments
will be assessed beginning on the first
calendar day after the collection date,
and on each calendar day thereafter up
to and including the day payment is
received. Interest will be simple
interest, calculated for each day
payment is delinquent by multiplying
the daily equivalent of the applicable
interest rate by the amount delinquent.
The rate of interest will be the United
States Treasury Department’s current
value of funds rate (the ‘‘CVFR
percentage’’); issued under the Treasury
Fiscal Requirements Manual and
published quarterly in the Federal
Register. Each delinquent payment will
be charged interest based on the CVFR
percentage applicable to the quarter in
which all or part of the assessment goes
unpaid.
By order of the Board of Governors of the
Federal Reserve System, August 15, 2013.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2013–20306 Filed 8–22–13; 8:45 am]
BILLING CODE P
52405
eligible credit reserves, which must be
deducted from tier 2 capital.
*
*
*
*
*
28 Net
unsecured credit exposure is the
credit exposure after considering the benefits
from legally enforceable netting agreements
and collateral arrangements, without taking
into account haircuts for price volatility,
liquidity, etc.
29 This may include interest rate derivative
contracts, foreign exchange derivative
contracts, equity derivative contracts, credit
derivatives, commodity or other derivative
contracts, repo-style transactions, and
eligible margin loans.
30 At a minimum, a State savings
association must provide the disclosures in
Table 11.7 in relation to credit risk mitigation
that has been recognized for the purposes of
reducing capital requirements under this
appendix. Where relevant, State savings
associations are encouraged to give further
information about mitigants that have not
been recognized for that purpose.
31 Credit derivatives that are treated, for the
purposes of this appendix, as synthetic
securitization exposures should be excluded
from the credit risk mitigation disclosures
and included within those relating to
securitization.
32 Counterparty credit risk-related
exposures disclosed pursuant to Table 11.6
should be excluded from the credit risk
mitigation disclosures in Table 11.7.
*
*
*
*
*
[FR Doc. 2013–20707 Filed 8–22–13; 8:45 am]
FEDERAL DEPOSIT INSURANCE
CORPORATION
BILLING CODE 1505–01–D
12 CFR Part 390
DEPARTMENT OF TRANSPORTATION
Regulations Transferred From the
Office of Thrift Supervision
Federal Aviation Administration
CFR Correction
In Title 12 of the Code of Federal
Regulations, Parts 300 to 499, revised as
of January 1, 2013, in Appendix A to
Subpart Z of Part 390, at the bottom of
page 1015, reinstate footnotes 10
through 12, and at the bottom of page
1019, reinstate footnotes 28 through 32,
to read as follows:
■
Appendix A to Subpart Z to Part 390—
Risk-Based Capital Requirements—
Internal-Ratings-Based and Advanced
Measurement Approaches
*
*
*
*
*
10 Entities include securities, insurance
and other financial subsidiaries, commercial
subsidiaries (where permitted), and
significant minority equity investments in
insurance, financial and commercial entities.
11 Representing 50 percent of the amount,
if any, by which total expected credit losses
as calculated within the IRB approach exceed
eligible credit reserves, which must be
deducted from tier 1 capital.
12 Including 50 percent of the amount, if
any, by which total expected credit losses as
calculated within the IRB approach exceed
PO 00000
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Fmt 4700
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14 CFR Part 39
[Docket No. FAA–2013–0335; Directorate
Identifier 2012–NM–187–AD; Amendment
39–17549; AD 2013–16–11]
RIN 2120–AA64
Airworthiness Directives; Airbus
Airplanes
Federal Aviation
Administration (FAA), Department of
Transportation (DOT).
ACTION: Final rule.
AGENCY:
We are adopting a new
airworthiness directive (AD) for certain
Airbus Model A330–300, A340–200,
and A340–300 series airplanes. This AD
was prompted by a determination that
ballscrew rupture could occur on
certain trimmable horizontal stabilizer
actuators (THSAs). This AD requires
repetitive THSA ballscrew shaft
integrity tests, and replacement if
necessary. We are issuing this AD to
detect and correct ballscrew rupture,
which, along with corrosion on the
ballscrew lower splines, may lead to
SUMMARY:
E:\FR\FM\23AUR1.SGM
23AUR1
]]>Agencies
[Federal Register Volume 78, Number 164 (Friday, August 23, 2013)]
[Rules and Regulations]
[Page 52405]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-20707]
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FEDERAL DEPOSIT INSURANCE CORPORATION
12 CFR Part 390
Regulations Transferred From the Office of Thrift Supervision
CFR Correction
0
In Title 12 of the Code of Federal Regulations, Parts 300 to 499,
revised as of January 1, 2013, in Appendix A to Subpart Z of Part 390,
at the bottom of page 1015, reinstate footnotes 10 through 12, and at
the bottom of page 1019, reinstate footnotes 28 through 32, to read as
follows:
Appendix A to Subpart Z to Part 390--Risk-Based Capital Requirements--
Internal-Ratings-Based and Advanced Measurement Approaches
* * * * *
\10\ Entities include securities, insurance and other financial
subsidiaries, commercial subsidiaries (where permitted), and
significant minority equity investments in insurance, financial and
commercial entities.
\11\ Representing 50 percent of the amount, if any, by which
total expected credit losses as calculated within the IRB approach
exceed eligible credit reserves, which must be deducted from tier 1
capital.
\12\ Including 50 percent of the amount, if any, by which total
expected credit losses as calculated within the IRB approach exceed
eligible credit reserves, which must be deducted from tier 2
capital.
* * * * *
\28\ Net unsecured credit exposure is the credit exposure after
considering the benefits from legally enforceable netting agreements
and collateral arrangements, without taking into account haircuts
for price volatility, liquidity, etc.
\29\ This may include interest rate derivative contracts,
foreign exchange derivative contracts, equity derivative contracts,
credit derivatives, commodity or other derivative contracts, repo-
style transactions, and eligible margin loans.
\30\ At a minimum, a State savings association must provide the
disclosures in Table 11.7 in relation to credit risk mitigation that
has been recognized for the purposes of reducing capital
requirements under this appendix. Where relevant, State savings
associations are encouraged to give further information about
mitigants that have not been recognized for that purpose.
\31\ Credit derivatives that are treated, for the purposes of
this appendix, as synthetic securitization exposures should be
excluded from the credit risk mitigation disclosures and included
within those relating to securitization.
\32\ Counterparty credit risk-related exposures disclosed
pursuant to Table 11.6 should be excluded from the credit risk
mitigation disclosures in Table 11.7.
* * * * *
[FR Doc. 2013-20707 Filed 8-22-13; 8:45 am]
BILLING CODE 1505-01-D
