Orders: Supplemental Orders on Reporting by Regulated Entities of Stress Testing Results as of September 30, 2013, 78694 [2013-30567]

Download as PDF 78694 Federal Register / Vol. 78, No. 249 / Friday, December 27, 2013 / Rules and Regulations establishes those dose rates, would be most appropriately addressed as a petition for rulemaking pursuant to 10 CFR 2.802. Therefore, this rule will become effective as scheduled. Dated at Rockville, Maryland, this 20th day of December 2013. For the Nuclear Regulatory Commission. Helen Chang, Acting Chief, Rules, Announcements, and Directives Branch, Division of Administrative Services, Office of Administration. [FR Doc. 2013–31080 Filed 12–26–13; 8:45 am] BILLING CODE 7590–01–P FEDERAL HOUSING FINANCE AGENCY 12 CFR Part 1238 [No. 2013–N–19] Orders: Supplemental Orders on Reporting by Regulated Entities of Stress Testing Results as of September 30, 2013 Federal Housing Finance Agency. ACTION: Orders. AGENCY: In this document, the Federal Housing Finance Agency (FHFA) provides notice that it issued Orders to supplement its Orders dated November 26, 2013, with respect to reporting under section 165(i)(2) of the DoddFrank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). DATES: Each Order is effective on the date signed. FOR FURTHER INFORMATION CONTACT: Naa Awaa Tagoe, Senior Associate Director, Office of Financial Analysis, Modeling and Simulations, (202) 649–3140, naaawaa.tagoe@fhfa.gov; Stefan Szilagyi, Examination Manager, FHLBank Modeling, FHLBank Risk Modeling Branch, (202) 649–3515, stefan.szilagy@fhfa.gov; or Mark D. Laponsky, Deputy General Counsel, Office of General Counsel, (202) 649– 3054 (these are not toll-free numbers), mark.laponsky@fhfa.gov. The telephone number for the Telecommunications Device for the Hearing Impaired is (800) 877–8339. SUPPLEMENTARY INFORMATION: tkelley on DSK3SPTVN1PROD with RULES SUMMARY: I. Background FHFA is responsible for ensuring that the regulated entities operate in a safe and sound manner, including the maintenance of adequate capital and internal controls, that their operations and activities foster liquid, efficient, competitive, and resilient national housing finance markets, and that they VerDate Mar<15>2010 18:49 Dec 26, 2013 Jkt 232001 carry out their public policy missions through authorized activities. See 12 U.S.C. 4513. These Supplemental Orders are being issued under 12 U.S.C. 4514(a), which authorizes the Director of FHFA to require by Order that the regulated entities submit regular or special reports to FHFA and establishes remedies and procedures for failing to make reports required by Order. The Supplemental Orders provide to the regulated entities two additional appendices of scenario assumptions to be used for stress testing. II. Orders For the convenience of the affected parties, the text of the Supplemental Orders, without appendices, follows below in its entirety. You may access these Orders with Appendices 11 and 12 from FHFA’s Web site at http:// www.fhfa.gov/Default.aspx?Page=440. The Supplemental Orders and Summary Instructions and Guidance will be available for public inspection and copying at the Federal Housing Finance Agency, Eighth Floor, 400 Seventh St. SW., Washington, DC 20024. To make an appointment, call (202) 649–3804. The text of the Supplemental Orders is as follows: Federal Housing Finance Agency Order Nos. 2013–OR–B–3, 2013–OR–FNMA– 3, and 2013–OR–FHLMC–3 SUPPLEMENTAL ORDER ON REPORTING BY REGULATED ENTITIES OF STRESS TESTING RESULTS AS OF SEPTEMBER 30, 2013 Whereas, section 165(i)(2) of the DoddFrank Wall Street Reform and Consumer Protection Act (‘‘Dodd-Frank Act’’) requires certain financial companies with total consolidated assets of more than $10 billion, and which are regulated by a primary Federal financial regulatory agency, to conduct annual stress tests to determine whether the companies have the capital necessary to absorb losses as a result of adverse economic conditions; Whereas, FHFA’s rule implementing section 165(i)(2) of the Dodd-Frank Act is codified as 12 CFR part 1238 and requires that ‘‘[e]ach regulated entity must file a report in the manner and form established by FHFA.’’ 12 CFR § 1238.5(b); Whereas, on November 26, 2012, FHFA issued an Order to each regulated entity accompanied by appendices numbered 1 through 10 and amended Summary Instructions and Guidance relating to the performance of stress tests as of September 30, 2013, and the reporting of the results of such tests; Whereas, FHFA’s Acting Director has determined that it is appropriate to supplement the appendices to the November 26, 2013 Orders with two additional appendices; Whereas, section 1314 of the Safety and Soundness Act, 12 U.S.C. § 4514(a) PO 00000 Frm 00002 Fmt 4700 Sfmt 4700 authorizes the Director of FHFA to require regulated entities, by general or specific order, to submit such reports on their management, activities, and operations as the Director considers appropriate. Now therefore, it is hereby ordered as follows: Each regulated entity shall report to FHFA and to the Board of Governors of the Federal Reserve System the results of stress testing as required by 12 CFR § 1238, in the form and with the content described therein and in the Summary Instructions and Guidance accompanying the November 26, 2013 Orders, and using the scenarios provided in Appendices 1 through 10 to those Orders and Appendices 11 and 12 that accompany this Order. This Order is effective immediately. Signed at Washington DC, this 13th day of December, 2013. Edward J. DeMarco, Acting Director, Federal Housing Finance Agency. Dated: December 13, 2013. Edward J. DeMarco, Acting Director, Federal Housing Finance Agency. [FR Doc. 2013–30567 Filed 12–26–13; 8:45 am] BILLING CODE 8070–01–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration 14 CFR Part 39 [Docket No. FAA–2013–0365; Directorate Identifier 2012–NM–223–AD; Amendment 39–17704; AD 2013–25–08] RIN 2120–AA64 Airworthiness Directives; Airbus Airplanes Federal Aviation Administration (FAA), Department of Transportation (DOT). ACTION: Final rule. AGENCY: We are superseding airworthiness directive (AD) 2009–24– 09 for all Airbus Model A330–200 and –300 series airplanes, and Model A340– 200 and –300 series airplanes. AD 2009– 24–09 required a repetitive inspection program on certain check valves in the hydraulic systems that includes, among other things, inspections for lock wire presence and integrity, traces of seepage or black deposits, proper torque, alignment of the check valve and manifold, installing new lock wire, and corrective actions if needed. This new AD expands the applicability, reduces the compliance time, changes torque values of the check valve tightening, and requires a repetitive inspection program for certain check valves in the SUMMARY: E:\FR\FM\27DER1.SGM 27DER1

Agencies

[Federal Register Volume 78, Number 249 (Friday, December 27, 2013)]
[Rules and Regulations]
[Page 78694]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-30567]


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FEDERAL HOUSING FINANCE AGENCY

12 CFR Part 1238

[No. 2013-N-19]


Orders: Supplemental Orders on Reporting by Regulated Entities of 
Stress Testing Results as of September 30, 2013

AGENCY: Federal Housing Finance Agency.

ACTION: Orders.

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

SUMMARY: In this document, the Federal Housing Finance Agency (FHFA) 
provides notice that it issued Orders to supplement its Orders dated 
November 26, 2013, with respect to reporting under section 165(i)(2) of 
the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-
Frank Act).

DATES: Each Order is effective on the date signed.

FOR FURTHER INFORMATION CONTACT: Naa Awaa Tagoe, Senior Associate 
Director, Office of Financial Analysis, Modeling and Simulations, (202) 
649-3140, naaawaa.tagoe@fhfa.gov; Stefan Szilagyi, Examination Manager, 
FHLBank Modeling, FHLBank Risk Modeling Branch, (202) 649-3515, 
stefan.szilagy@fhfa.gov; or Mark D. Laponsky, Deputy General Counsel, 
Office of General Counsel, (202) 649-3054 (these are not toll-free 
numbers), mark.laponsky@fhfa.gov. The telephone number for the 
Telecommunications Device for the Hearing Impaired is (800) 877-8339.

SUPPLEMENTARY INFORMATION:

I. Background

    FHFA is responsible for ensuring that the regulated entities 
operate in a safe and sound manner, including the maintenance of 
adequate capital and internal controls, that their operations and 
activities foster liquid, efficient, competitive, and resilient 
national housing finance markets, and that they carry out their public 
policy missions through authorized activities. See 12 U.S.C. 4513. 
These Supplemental Orders are being issued under 12 U.S.C. 4514(a), 
which authorizes the Director of FHFA to require by Order that the 
regulated entities submit regular or special reports to FHFA and 
establishes remedies and procedures for failing to make reports 
required by Order. The Supplemental Orders provide to the regulated 
entities two additional appendices of scenario assumptions to be used 
for stress testing.

II. Orders

    For the convenience of the affected parties, the text of the 
Supplemental Orders, without appendices, follows below in its entirety. 
You may access these Orders with Appendices 11 and 12 from FHFA's Web 
site at http://www.fhfa.gov/Default.aspx?Page=440. The Supplemental 
Orders and Summary Instructions and Guidance will be available for 
public inspection and copying at the Federal Housing Finance Agency, 
Eighth Floor, 400 Seventh St. SW., Washington, DC 20024. To make an 
appointment, call (202) 649-3804.
    The text of the Supplemental Orders is as follows:

Federal Housing Finance Agency

Order Nos. 2013-OR-B-3, 2013-OR-FNMA-3, and 2013-OR-FHLMC-3

SUPPLEMENTAL ORDER ON REPORTING BY REGULATED ENTITIES OF STRESS TESTING 
RESULTS AS OF SEPTEMBER 30, 2013

    Whereas, section 165(i)(2) of the Dodd-Frank Wall Street Reform 
and Consumer Protection Act (``Dodd-Frank Act'') requires certain 
financial companies with total consolidated assets of more than $10 
billion, and which are regulated by a primary Federal financial 
regulatory agency, to conduct annual stress tests to determine 
whether the companies have the capital necessary to absorb losses as 
a result of adverse economic conditions;
    Whereas, FHFA's rule implementing section 165(i)(2) of the Dodd-
Frank Act is codified as 12 CFR part 1238 and requires that ``[e]ach 
regulated entity must file a report in the manner and form 
established by FHFA.'' 12 CFR Sec.  1238.5(b);
    Whereas, on November 26, 2012, FHFA issued an Order to each 
regulated entity accompanied by appendices numbered 1 through 10 and 
amended Summary Instructions and Guidance relating to the 
performance of stress tests as of September 30, 2013, and the 
reporting of the results of such tests;
    Whereas, FHFA's Acting Director has determined that it is 
appropriate to supplement the appendices to the November 26, 2013 
Orders with two additional appendices;
    Whereas, section 1314 of the Safety and Soundness Act, 12 U.S.C. 
Sec.  4514(a) authorizes the Director of FHFA to require regulated 
entities, by general or specific order, to submit such reports on 
their management, activities, and operations as the Director 
considers appropriate.
    Now therefore, it is hereby ordered as follows:
    Each regulated entity shall report to FHFA and to the Board of 
Governors of the Federal Reserve System the results of stress 
testing as required by 12 CFR Sec.  1238, in the form and with the 
content described therein and in the Summary Instructions and 
Guidance accompanying the November 26, 2013 Orders, and using the 
scenarios provided in Appendices 1 through 10 to those Orders and 
Appendices 11 and 12 that accompany this Order.

    This Order is effective immediately.

    Signed at Washington DC, this 13th day of December, 2013.
Edward J. DeMarco,
Acting Director, Federal Housing Finance Agency.
    Dated: December 13, 2013.
Edward J. DeMarco,
Acting Director, Federal Housing Finance Agency.
[FR Doc. 2013-30567 Filed 12-26-13; 8:45 am]
BILLING CODE 8070-01-P