Complementary Activities, Merchant Banking Activities, and Other Activities of Financial Holding Companies Related to Physical Commodities, 12414 [2014-04742]
Download as PDF
12414
Proposed Rules
Federal Register
Vol. 79, No. 43
Wednesday, March 5, 2014
This section of the FEDERAL REGISTER
contains notices to the public of the proposed
issuance of rules and regulations. The
purpose of these notices is to give interested
persons an opportunity to participate in the
rule making prior to the adoption of the final
rules.
FEDERAL RESERVE SYSTEM
12 CFR Chapter II
[Docket No. R–1479 RIN 7100–AE–10]
Complementary Activities, Merchant
Banking Activities, and Other Activities
of Financial Holding Companies
Related to Physical Commodities
Board of Governors of the
Federal Reserve System.
ACTION: Advance notice of proposed
rulemaking; extension of comment
period.
AGENCY:
On January 21, 2014, the
Board of Governors of the Federal
Reserve System (Board) published in the
Federal Register an advance notice of
proposed rulemaking inviting public
comment on various issues related to
physical commodity activities
conducted by financial holding
companies and the restrictions imposed
on these activities to ensure they are
conducted in a safe and sound manner
and consistent with applicable law.
Due to the range and complexity of
the issues addressed in the advance
notice of proposed rulemaking, the
Board has determined that an extension
of the public comment period until
April 16, 2014, is appropriate. This
action will allow interested persons
additional time to analyze the notice
and prepare their comments.
DATES: Comments on the proposed rule
must be received on or before April 16,
2014.
ADDRESSES: You may submit comments
by any of the methods identified in the
advance notice of proposed
rulemaking.1 Please submit your
comments using only one method.
FOR FURTHER INFORMATION CONTACT:
Laurie Schaffer, Associate General
Counsel, (202) 452–2272, Michael
Waldron, Special Counsel, (202) 452–
2798; Benjamin McDonough, Senior
emcdonald on DSK67QTVN1PROD with PROPOSALS
SUMMARY:
1 See Complementary Activities, Merchant
Banking Activities, and Other Activities of
Financial Holding Companies related to Physical
Commodities, 79 FR 3329 (Jan. 21, 2014).
VerDate Mar<15>2010
16:16 Mar 04, 2014
Jkt 232001
Counsel, (202) 452–2036, April Snyder,
Senior Counsel, (202) 452–3099, or Will
Giles, Counsel, (202) 452–3351, Legal
Division; or Mark Van Der Weide,
Deputy Director, (202) 452–2263,
Timothy Clark, Senior Associate
Director, (202) 452–5264, Todd
Vermilyea, Senior Associate Director,
(202) 912–4310, or Robert Brooks,
Senior Supervisory Financial Analyst,
(202) 452–3103, Division of Banking
Supervision and Regulation. Board of
Governors of the Federal Reserve
System, 20th and C Streets, NW.,
Washington, DC 20551.
Telecommunications Device for the Deaf
(TDD) users may contact (202–263–
4869).
SUPPLEMENTARY INFORMATION: On
January 21, 2014, the Board published
in the Federal Register (79 FR 3329) an
advance notice of proposed rulemaking
(ANPR) inviting public comment on
various issues related to physical
commodity activities conducted by
financial holding companies (FHCs) and
the restrictions imposed on these
activities to ensure they are conducted
in a safe and sound manner and
consistent with applicable law. The
ANPR is designed to elicit views from
the public on the risks and benefits of
allowing FHCs to conduct physical
commodity activities under the various
provisions of the Bank Holding
Company Act, whether risks to the
safety and soundness of a FHC and its
affiliated insured depository institutions
and to the financial system warrant
Board action to impose limitations on
the scope of authorized activities and/or
the manner in which those activities are
conducted, and if so, what those limits
should be. Once the Board has
completed its review of this
information, it will consider what
further actions, including a rulemaking,
are warranted.
In recognition of the complexities of
the issues addressed and the variety of
considerations involved with possible
further actions, the Board requested that
commenters respond to numerous
questions. The ANPR stated that the
public comment period would close on
March 17, 2014.2
The Board has received a request from
the public for an extension of the
comment period to allow for additional
time for comments related to the
Frm 00001
By order of the Board of Governors of the
Federal Reserve System, acting through the
Secretary of the Board under delegated
authority, February 27, 2014.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2014–04742 Filed 3–3–14; 8:45 am]
BILLING CODE 6210–01–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 39
[Docket No. FAA–2013–0828; Directorate
Identifier 2012–NM–036–AD]
RIN 2120–AA64
Airworthiness Directives; Airbus
Airplanes
Federal Aviation
Administration (FAA), DOT.
ACTION: Supplemental notice of
proposed rulemaking (NPRM);
reopening of comment period.
AGENCY:
We are revising an earlier
proposed airworthiness directive (AD)
for certain Airbus Model A330–200 and
–300 series airplanes; and Model A340–
200 and –300 series airplanes. The
NPRM proposed to supersede AD 2009–
15–17 to continue to require inspections
for damage to the protective treatments
or any corrosion of all main landing gear
(MLG) bogie beams, application of
protective treatments, and corrective
action if necessary. The NPRM also
proposed to require modification of the
MLG bogie beams, which would
terminate the repetitive inspections for
any modified bogie beam. The NPRM
also proposed to allow optional
methods of compliance for certain
actions. The NPRM was prompted by
reports of thin paint coats and paint
degradation on enhanced MLG bogie
beams, as well as reports that some
airplanes have been inspected too early
SUMMARY:
3 See Comment letter to the Board from the
American Bankers Association et al. (Feb. 7, 2014).
2 Id.
PO 00000
provisions of the proposed rule.3 The
Board believes that the additional
period for comment will facilitate
public comment on the questions posed
by the Board in the ANPR. Therefore,
the Board is extending the end of the
comment period for the ANPR from
March 17, 2014, to April 16, 2014.
Fmt 4702
Sfmt 4702
E:\FR\FM\05MRP1.SGM
05MRP1
Agencies
[Federal Register Volume 79, Number 43 (Wednesday, March 5, 2014)]
[Proposed Rules]
[Page 12414]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-04742]
========================================================================
Proposed Rules
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains notices to the public of
the proposed issuance of rules and regulations. The purpose of these
notices is to give interested persons an opportunity to participate in
the rule making prior to the adoption of the final rules.
========================================================================
Federal Register / Vol. 79, No. 43 / Wednesday, March 5, 2014 /
Proposed Rules
[[Page 12414]]
FEDERAL RESERVE SYSTEM
12 CFR Chapter II
[Docket No. R-1479 RIN 7100-AE-10]
Complementary Activities, Merchant Banking Activities, and Other
Activities of Financial Holding Companies Related to Physical
Commodities
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Advance notice of proposed rulemaking; extension of comment
period.
-----------------------------------------------------------------------
SUMMARY: On January 21, 2014, the Board of Governors of the Federal
Reserve System (Board) published in the Federal Register an advance
notice of proposed rulemaking inviting public comment on various issues
related to physical commodity activities conducted by financial holding
companies and the restrictions imposed on these activities to ensure
they are conducted in a safe and sound manner and consistent with
applicable law.
Due to the range and complexity of the issues addressed in the
advance notice of proposed rulemaking, the Board has determined that an
extension of the public comment period until April 16, 2014, is
appropriate. This action will allow interested persons additional time
to analyze the notice and prepare their comments.
DATES: Comments on the proposed rule must be received on or before
April 16, 2014.
ADDRESSES: You may submit comments by any of the methods identified in
the advance notice of proposed rulemaking.\1\ Please submit your
comments using only one method.
---------------------------------------------------------------------------
\1\ See Complementary Activities, Merchant Banking Activities,
and Other Activities of Financial Holding Companies related to
Physical Commodities, 79 FR 3329 (Jan. 21, 2014).
FOR FURTHER INFORMATION CONTACT: Laurie Schaffer, Associate General
Counsel, (202) 452-2272, Michael Waldron, Special Counsel, (202) 452-
2798; Benjamin McDonough, Senior Counsel, (202) 452-2036, April Snyder,
Senior Counsel, (202) 452-3099, or Will Giles, Counsel, (202) 452-3351,
Legal Division; or Mark Van Der Weide, Deputy Director, (202) 452-2263,
Timothy Clark, Senior Associate Director, (202) 452-5264, Todd
Vermilyea, Senior Associate Director, (202) 912-4310, or Robert Brooks,
Senior Supervisory Financial Analyst, (202) 452-3103, Division of
Banking Supervision and Regulation. Board of Governors of the Federal
Reserve System, 20th and C Streets, NW., Washington, DC 20551.
Telecommunications Device for the Deaf (TDD) users may contact (202-
---------------------------------------------------------------------------
263-4869).
SUPPLEMENTARY INFORMATION: On January 21, 2014, the Board published in
the Federal Register (79 FR 3329) an advance notice of proposed
rulemaking (ANPR) inviting public comment on various issues related to
physical commodity activities conducted by financial holding companies
(FHCs) and the restrictions imposed on these activities to ensure they
are conducted in a safe and sound manner and consistent with applicable
law. The ANPR is designed to elicit views from the public on the risks
and benefits of allowing FHCs to conduct physical commodity activities
under the various provisions of the Bank Holding Company Act, whether
risks to the safety and soundness of a FHC and its affiliated insured
depository institutions and to the financial system warrant Board
action to impose limitations on the scope of authorized activities and/
or the manner in which those activities are conducted, and if so, what
those limits should be. Once the Board has completed its review of this
information, it will consider what further actions, including a
rulemaking, are warranted.
In recognition of the complexities of the issues addressed and the
variety of considerations involved with possible further actions, the
Board requested that commenters respond to numerous questions. The ANPR
stated that the public comment period would close on March 17, 2014.\2\
---------------------------------------------------------------------------
\2\ Id.
---------------------------------------------------------------------------
The Board has received a request from the public for an extension
of the comment period to allow for additional time for comments related
to the provisions of the proposed rule.\3\ The Board believes that the
additional period for comment will facilitate public comment on the
questions posed by the Board in the ANPR. Therefore, the Board is
extending the end of the comment period for the ANPR from March 17,
2014, to April 16, 2014.
---------------------------------------------------------------------------
\3\ See Comment letter to the Board from the American Bankers
Association et al. (Feb. 7, 2014).
By order of the Board of Governors of the Federal Reserve
System, acting through the Secretary of the Board under delegated
authority, February 27, 2014.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2014-04742 Filed 3-3-14; 8:45 am]
BILLING CODE 6210-01-P