Regulatory Publication and Review Under the Economic Growth and Regulatory Paperwork Reduction Act of 1996, 70474-70475 [2014-27969]
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70474
Proposed Rules
Federal Register
Vol. 79, No. 228
Wednesday, November 26, 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.
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
12 CFR Chapter I
[Docket ID FFIEC–2014–0001]
BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM
12 CFR Chapter II
[Docket No. OP–1491]
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Chapter III
Regulatory Publication and Review
Under the Economic Growth and
Regulatory Paperwork Reduction Act
of 1996
Office of the Comptroller of the
Currency (‘‘OCC’’), Treasury; Board of
Governors of the Federal Reserve
System (‘‘Board’’); and Federal Deposit
Insurance Corporation (‘‘FDIC’’).
ACTION: Notice of outreach meeting.
AGENCY:
The OCC, Board, and FDIC
(‘‘we’’ or ‘‘Agencies’’) announce a series
of outreach meetings on the Agencies’
interagency effort to review their
regulations under the Economic Growth
and Regulatory Paperwork Reduction
Act of 1996 (‘‘EGRPRA’’).
DATES: An outreach meeting will be
held on Tuesday, December 2, 2014,
beginning at 9:00 a.m. Pacific Standard
Time (PST). Registrations will be
accepted until all seats are filled,
through November 26, 2014. Additional
outreach meetings are scheduled for
February 4, 2015 in Dallas; May 4, 2015
in Boston; October 2015 in Chicago
(date to be determined); and December
2, 2015 in Washington, DC.
ADDRESSES: The Agencies will hold the
December 2, 2014, outreach meeting at
the Federal Reserve Bank of San
Francisco-Los Angeles Branch, 950
South Grand Avenue, Los Angeles,
mstockstill on DSK4VPTVN1PROD with PROPOSALS
SUMMARY:
VerDate Sep<11>2014
16:55 Nov 25, 2014
Jkt 235001
California, 90015. All participants must
pre-register at https://egrpra.ffiec.gov/
outreach/outreach-index.html. Any
interested individual may submit
comments through the EGRPRA Web
site during open comment periods at:
https://egrpra.ffiec.gov/submit-comment/
submit-comment-index.html.
FOR FURTHER INFORMATION CONTACT:
OCC: Alison MacDonald, Senior
Attorney, (202) 649–7314; for persons
who are deaf or hard of hearing, TTY
(202) 649–5597.
Board: Claudia Von Pervieux,
Counsel, (202) 452–2552; for persons
who are deaf or hard of hearing, TTY
(202) 263–4869.
FDIC: Ruth R. Amberg, Assistant
General Counsel, (202) 898–3736; for
persons who are deaf or hard of hearing,
TTY 1–800–925–4618.
SUPPLEMENTARY INFORMATION: EGRPRA 1
directs the Agencies, along with the
Federal Financial Institutions
Examination Council (Council), not less
frequently than once every ten years, to
conduct a review of their regulations to
identify outdated or otherwise
unnecessary regulations. The Agencies
are scheduling a series of at least five
outreach meetings to provide an
opportunity for bankers, consumer and
community groups, and other interested
persons to present their views directly
to senior management and staff of the
Agencies on any of 12 specific
categories of regulations, as further
described below.
The Agencies will hold the first of
these outreach meetings on December 2,
2014, in Los Angeles, California, at the
Federal Reserve Bank of San FranciscoLos Angeles Branch, 950 South Grand
Avenue, Los Angeles, California, 90015.
This meeting will be streamed live at
https://egrpra.ffiec.gov/. The meeting
will consist of panels of bankers and
consumer and community groups who
will present particular issues. There will
be limited time after each panel for
comments from meeting attendees. In
addition, there will be a session at the
end of the meeting during which
audience members may present views
on any of the regulations under review.
The Agencies reserve the right to limit
the time of individual commenters, if
needed, in order to accommodate the
number of persons desiring to speak.
1 Public Law 104–208 (1996), 110 Stat. 3009–414,
codified at 12 U.S.C. 3311.
PO 00000
Frm 00001
Fmt 4702
Sfmt 4702
Comments made by audience
members at this meeting will be
reflected in the public comment file.
Audience members who do not wish to
comment orally may submit written
comments at the meeting. In addition,
any interested individual may submit
comments through the EGRPRA Web
site during open comment periods at:
https://egrpra.ffiec.gov/submit-comment/
submit-comment-index.html. Further
outreach meetings are scheduled for
February 4, 2015 in Dallas; May 4, 2015
in Boston; October 2015 in Chicago
(date to be determined); and December
2, 2015 in Washington, DC.
All participants must pre-register for
the Los Angeles outreach meeting at
https://egrpra.ffiec.gov/outreach/
outreach-index.html. Because of space
constraints, on-site attendance will be
limited. Registrations will be accepted
until November 26, 2014, or until all
seats are filled, whichever is earlier.
Further details about the first
outreach meeting, including the agenda,
are published on the EGRPRA Web site
at https://egrpra.ffiec.gov/outreach/
outreach-index.html.
Additional Background on EGRPRA
Section 2222 of EGRPRA directs the
Agencies, along with the Council, to
conduct a review of their regulations not
less frequently than once every ten years
to identify outdated or otherwise
unnecessary regulatory requirements
imposed on insured depository
institutions. In conducting this review,
the Agencies are required to categorize
their regulations by type and, at regular
intervals, provide notice and solicit
public comment on categories of
regulations, requesting commenters to
identify areas of regulations that are
outdated, unnecessary, or unduly
burdensome. The statute requires the
Agencies to publish in the Federal
Register a summary of the comments
received, identifying significant issues
raised and commenting on these issues.
The statute also directs the Agencies to
eliminate unnecessary regulations to the
extent that such action is appropriate.
Finally, section 2222 requires the
Council, of which the Agencies are
members, to submit a report to Congress
that summarizes any significant issues
raised in the public comments and the
relative merits of such issues. The report
also must include an analysis of
whether the Agencies are able to
E:\FR\FM\26NOP1.SGM
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Federal Register / Vol. 79, No. 228 / Wednesday, November 26, 2014 / Proposed Rules
address the regulatory burdens
associated with such issues by
regulation or whether these burdens
must be addressed by legislative action.
For purposes of this review, the
Agencies have grouped our combined
regulations into 12 categories:
Applications and Reporting; Banking
Operations; Capital; Community
Reinvestment Act; Consumer Protection;
Directors, Officers and Employees;
International Operations; Money
Laundering; Powers and Activities;
Rules of Procedure; Safety and
Soundness; and Securities. On June 4,
2014, we published a Federal Register
notice asking for public comment on
three of these categories—Applications
and Reporting, Powers and Activities,
and International Operations
regulations.2 We also published a chart
listing all of the regulations included in
the EGRPRA review. Over the next
eighteen months, we will publish
additional notices, seeking comment on
the remaining categories.
Dated: November 20, 2014.
Thomas J. Curry,
Comptroller of the Currency.
By order of the Board of Governors of the
Federal Reserve System, November 20, 2014.
Robert deV. Frierson,
Secretary of the Board.
Dated: November 19, 2014.
Federal Deposit Insurance Corporation
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2014–27969 Filed 11–25–14; 8:45 am]
BILLING CODE 4810–22–P; 6210–01–P; 6714–01–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 39
[Docket No. FAA–2014–0328; Directorate
Identifier 2014–NE–07–AD
RIN 2120–AA64
Airworthiness Directives; Rolls-Royce
plc Turbofan Engines
Federal Aviation
Administration (FAA), DOT.
ACTION: Supplemental notice of
proposed rulemaking (NPRM);
reopening of comment period.
mstockstill on DSK4VPTVN1PROD with PROPOSALS
AGENCY:
Examining the AD Docket
We are revising an earlier
proposed airworthiness directive (AD)
for all Rolls-Royce plc (RR) RB211 Trent
875–17, 877–17, 884–17, 884B–17, 892–
17, 892B–17, and 895–17 turbofan
engines. The NPRM proposed to require
SUMMARY:
2 79
FR 32172.
VerDate Sep<11>2014
16:55 Nov 25, 2014
Jkt 235001
modification of the engine by removing
any electronic engine control (EEC) that
incorporates EEC software standard
prior to version B7.2 and installing an
EEC eligible for installation. The NPRM
was prompted by failure of the
intermediate pressure (IP) turbine disk
drive arm and subsequent overspeed
and burst of the IP turbine disk on an
RR RB211 Trent turbofan engine. This
action revises the NPRM by clarifying
the costs of compliance, by clarifying
that correction of the unsafe condition
can be achieved either by installing
upgraded software in the EEC or by
installing an EEC with upgraded
software incorporated, and by clarifying
the installation prohibition statement.
We are proposing this supplemental
NPRM (SNPRM) to prevent overspeed of
the IP turbine disk, resulting in failure
of the turbine blades or the IP turbine
disk and subsequent uncontained
release of the disk and/or turbine
blades, which could lead to damage to
the engine and damage to the airplane.
DATES: We must receive comments by
December 10, 2014.
ADDRESSES: You may send comments by
any of the following methods:
• Federal eRulemaking Portal: Go to
https://www.regulations.gov and follow
the instructions for sending your
comments electronically.
• Mail: Docket Management Facility,
U.S. Department of Transportation, 1200
New Jersey Avenue SE., West Building
Ground Floor, Room W12–140,
Washington, DC 20590–0001.
• Hand Delivery: Deliver to Mail
address above between 9 a.m. and
5 p.m., Monday through Friday, except
Federal holidays.
• Fax: 202–493–2251.
For service information identified in
this SNPRM, contact Rolls-Royce plc,
Corporate Communications, P.O. Box
31, Derby, England, DE248BJ; phone:
011–44–1332–242424; fax: 011–44–
1332–249936; email: https://www.rollsroyce.com/contact/civillteam.jsp;
Internet: https://www.aeromanager.com.
You may view this service information
at the FAA, Engine & Propeller
Directorate, 12 New England Executive
Park, Burlington, MA. For information
on the availability of this material at the
FAA, call 781–238–7125.
You may examine the AD docket on
the Internet at https://
www.regulations.gov by searching for
and locating Docket No. FAA–2014–
0328; or in person at the Docket
Management Facility between 9 a.m.
and 5 p.m., Monday through Friday,
except Federal holidays. The AD docket
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Frm 00002
Fmt 4702
Sfmt 4702
70475
contains this proposed AD, the
mandatory continuing airworthiness
information (MCAI), the regulatory
evaluation, any comments received, and
other information. The address for the
Docket Office (phone: 800–647–5527) is
in the ADDRESSES section. Comments
will be available in the AD docket
shortly after receipt.
FOR FURTHER INFORMATION CONTACT:
Wego Wang, Aerospace Engineer,
Engine Certification Office, FAA, Engine
& Propeller Directorate, 12 New England
Executive Park, Burlington, MA 01803;
phone: 781–238–7134; fax: 781–238–
7199; email: wego.wang@faa.gov.
SUPPLEMENTARY INFORMATION:
Comments Invited
We invite you to send any written
relevant data, views, or arguments about
this proposed AD. Send your comments
to an address listed under the
ADDRESSES section. Include ‘‘Docket No.
FAA–2014–0328; Directorate Identifier
2014–NE–07–AD’’ at the beginning of
your comments. We specifically invite
comments on the overall regulatory,
economic, environmental, and energy
aspects of this SNPRM. We will
consider all comments received by the
closing date and may amend this
SNPRM based on those comments.
We will post all comments we
receive, without change, to https://
www.regulations.gov, including any
personal information you provide. We
will also post a report summarizing each
substantive verbal contact with FAA
personnel concerning this SNPRM.
Discussion
We issued an NPRM to amend 14 CFR
part 39 by adding an AD that would
apply to the specified products. The
NPRM was published in the Federal
Register on July 11, 2014 (79 FR 40018).
The NPRM proposed to correct an
unsafe condition for the specified
products.
Actions Since Previous NPRM Was
Issued
Since we issued the NPRM (79 FR
40018, July 11, 2014), we found that we
included a cost for parts in the Costs of
Compliance paragraph. As this
proposed AD requires an upgrade to
EEC software, there are no associated
parts costs. We changed the Costs of
Compliance paragraph in this proposed
AD by removing the reference to parts
costs.
We changed paragraph (e) of this
proposed AD to more clearly state the
requirement to modify affected engines
either by installing upgraded software in
the EEC, or by installing an EEC with
upgraded software incorporated.
E:\FR\FM\26NOP1.SGM
26NOP1
Agencies
[Federal Register Volume 79, Number 228 (Wednesday, November 26, 2014)]
[Proposed Rules]
[Pages 70474-70475]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-27969]
========================================================================
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. 228 / Wednesday, November 26, 2014 /
Proposed Rules
[[Page 70474]]
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
12 CFR Chapter I
[Docket ID FFIEC-2014-0001]
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
12 CFR Chapter II
[Docket No. OP-1491]
FEDERAL DEPOSIT INSURANCE CORPORATION
12 CFR Chapter III
Regulatory Publication and Review Under the Economic Growth and
Regulatory Paperwork Reduction Act of 1996
AGENCY: Office of the Comptroller of the Currency (``OCC''), Treasury;
Board of Governors of the Federal Reserve System (``Board''); and
Federal Deposit Insurance Corporation (``FDIC'').
ACTION: Notice of outreach meeting.
-----------------------------------------------------------------------
SUMMARY: The OCC, Board, and FDIC (``we'' or ``Agencies'') announce a
series of outreach meetings on the Agencies' interagency effort to
review their regulations under the Economic Growth and Regulatory
Paperwork Reduction Act of 1996 (``EGRPRA'').
DATES: An outreach meeting will be held on Tuesday, December 2, 2014,
beginning at 9:00 a.m. Pacific Standard Time (PST). Registrations will
be accepted until all seats are filled, through November 26, 2014.
Additional outreach meetings are scheduled for February 4, 2015 in
Dallas; May 4, 2015 in Boston; October 2015 in Chicago (date to be
determined); and December 2, 2015 in Washington, DC.
ADDRESSES: The Agencies will hold the December 2, 2014, outreach
meeting at the Federal Reserve Bank of San Francisco-Los Angeles
Branch, 950 South Grand Avenue, Los Angeles, California, 90015. All
participants must pre-register at https://egrpra.ffiec.gov/outreach/outreach-index.html. Any interested individual may submit comments
through the EGRPRA Web site during open comment periods at: https://egrpra.ffiec.gov/submit-comment/submit-comment-index.html.
FOR FURTHER INFORMATION CONTACT:
OCC: Alison MacDonald, Senior Attorney, (202) 649-7314; for persons
who are deaf or hard of hearing, TTY (202) 649-5597.
Board: Claudia Von Pervieux, Counsel, (202) 452-2552; for persons
who are deaf or hard of hearing, TTY (202) 263-4869.
FDIC: Ruth R. Amberg, Assistant General Counsel, (202) 898-3736;
for persons who are deaf or hard of hearing, TTY 1-800-925-4618.
SUPPLEMENTARY INFORMATION: EGRPRA \1\ directs the Agencies, along with
the Federal Financial Institutions Examination Council (Council), not
less frequently than once every ten years, to conduct a review of their
regulations to identify outdated or otherwise unnecessary regulations.
The Agencies are scheduling a series of at least five outreach meetings
to provide an opportunity for bankers, consumer and community groups,
and other interested persons to present their views directly to senior
management and staff of the Agencies on any of 12 specific categories
of regulations, as further described below.
---------------------------------------------------------------------------
\1\ Public Law 104-208 (1996), 110 Stat. 3009-414, codified at
12 U.S.C. 3311.
---------------------------------------------------------------------------
The Agencies will hold the first of these outreach meetings on
December 2, 2014, in Los Angeles, California, at the Federal Reserve
Bank of San Francisco-Los Angeles Branch, 950 South Grand Avenue, Los
Angeles, California, 90015. This meeting will be streamed live at
https://egrpra.ffiec.gov/. The meeting will consist of panels of bankers
and consumer and community groups who will present particular issues.
There will be limited time after each panel for comments from meeting
attendees. In addition, there will be a session at the end of the
meeting during which audience members may present views on any of the
regulations under review. The Agencies reserve the right to limit the
time of individual commenters, if needed, in order to accommodate the
number of persons desiring to speak.
Comments made by audience members at this meeting will be reflected
in the public comment file. Audience members who do not wish to comment
orally may submit written comments at the meeting. In addition, any
interested individual may submit comments through the EGRPRA Web site
during open comment periods at: https://egrpra.ffiec.gov/submit-comment/submit-comment-index.html. Further outreach meetings are scheduled for
February 4, 2015 in Dallas; May 4, 2015 in Boston; October 2015 in
Chicago (date to be determined); and December 2, 2015 in Washington,
DC.
All participants must pre-register for the Los Angeles outreach
meeting at https://egrpra.ffiec.gov/outreach/outreach-index.html.
Because of space constraints, on-site attendance will be limited.
Registrations will be accepted until November 26, 2014, or until all
seats are filled, whichever is earlier.
Further details about the first outreach meeting, including the
agenda, are published on the EGRPRA Web site at https://egrpra.ffiec.gov/outreach/outreach-index.html.
Additional Background on EGRPRA
Section 2222 of EGRPRA directs the Agencies, along with the
Council, to conduct a review of their regulations not less frequently
than once every ten years to identify outdated or otherwise unnecessary
regulatory requirements imposed on insured depository institutions. In
conducting this review, the Agencies are required to categorize their
regulations by type and, at regular intervals, provide notice and
solicit public comment on categories of regulations, requesting
commenters to identify areas of regulations that are outdated,
unnecessary, or unduly burdensome. The statute requires the Agencies to
publish in the Federal Register a summary of the comments received,
identifying significant issues raised and commenting on these issues.
The statute also directs the Agencies to eliminate unnecessary
regulations to the extent that such action is appropriate. Finally,
section 2222 requires the Council, of which the Agencies are members,
to submit a report to Congress that summarizes any significant issues
raised in the public comments and the relative merits of such issues.
The report also must include an analysis of whether the Agencies are
able to
[[Page 70475]]
address the regulatory burdens associated with such issues by
regulation or whether these burdens must be addressed by legislative
action.
For purposes of this review, the Agencies have grouped our combined
regulations into 12 categories: Applications and Reporting; Banking
Operations; Capital; Community Reinvestment Act; Consumer Protection;
Directors, Officers and Employees; International Operations; Money
Laundering; Powers and Activities; Rules of Procedure; Safety and
Soundness; and Securities. On June 4, 2014, we published a Federal
Register notice asking for public comment on three of these
categories--Applications and Reporting, Powers and Activities, and
International Operations regulations.\2\ We also published a chart
listing all of the regulations included in the EGRPRA review. Over the
next eighteen months, we will publish additional notices, seeking
comment on the remaining categories.
---------------------------------------------------------------------------
\2\ 79 FR 32172.
Dated: November 20, 2014.
Thomas J. Curry,
Comptroller of the Currency.
By order of the Board of Governors of the Federal Reserve
System, November 20, 2014.
Robert deV. Frierson,
Secretary of the Board.
Dated: November 19, 2014.
Federal Deposit Insurance Corporation
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2014-27969 Filed 11-25-14; 8:45 am]
BILLING CODE 4810-22-P; 6210-01-P; 6714-01-P