Savings Associations-Operations, 79460 [2015-32113]
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Federal Register / Vol. 80, No. 245 / Tuesday, December 22, 2015 / Rules and Regulations
DEPARTMENT OF JUSTICE
DEPARTMENT OF THE TREASURY
Executive Office for Immigration
Review
Office of the Comptroller of the
Currency
8 CFR Part 1245
12 CFR Part 163
Adjustment of Status to That of Person
Admitted for Permanent Residence
Savings Associations—Operations
CFR Correction
■
In Title 8 of the Code of Federal
Regulations, revised as of January 1,
2015, on page 1052, in § 1245.10, in
paragraph (a)(2)(i), remove ‘‘8 CFR
chapter’’ and add ‘‘8 CFR chapter I’’ in
its place.
■
CFR Correction
In Title 12 of the Code of Federal
Regulations, Parts 1 to 199, revised as of
January 1, 2015, on page 920, in
§ 163.76, at the end of paragraph (c),
reinstate a signature line and date line,
and reinstate paragraph (d) to read as
follows:
§ 163.76 Offers and sales of securities at
an office of a Federal savings association.
[FR Doc. 2015–32118 Filed 12–21–15; 8:45 am]
BILLING CODE 1505–01–D
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(c) * * *
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Signature: llllllllllllllll I. Statutory and Regulatory Background
Date: llllllllllllllllll
For monetary policy purposes, section
DEPARTMENT OF AGRICULTURE
(d) For purposes of this section, an
‘‘office’’ of an association means any
premises used by the association that
are identified to the public through
advertising or signage using the
association’s name, trade name, or logo.
Grain Inspection, Packers and
Stockyards Administration
9 CFR Part 201
Regulations Under the Packers and
Stockyards Act
[FR Doc. 2015–32113 Filed 12–21–15; 8:45 am]
BILLING CODE 1505–01–D
CFR Correction
In Title 9 of the Code of Federal
Regulations, Part 200 to End, revised as
of January 1, 2015, on page 27, in
§ 201.100, in paragraph (c)(2)(v), add
‘‘and’’ at the end of the paragraph, after
the semicolon.
■
[FR Doc. 2015–32119 Filed 12–21–15; 8:45 am]
FEDERAL RESERVE SYSTEM
12 CFR Part 204
[Regulation D; Docket No. R–1527]
RIN 7100 AE–41
BILLING CODE 1505–01–D
Reserve Requirements of Depository
Institutions
DEPARTMENT OF AGRICULTURE
AGENCY:
Food Safety and Inspection Service
Board of Governors of the
Federal Reserve System.
ACTION: Final rule.
9 CFR Part 317
SUMMARY:
Labeling, Marking Devices, and
Containers
CFR Correction
In Title 9 of the Code of Federal
Regulations, Part 200 to End, revised as
of January 1, 2015, on page 218, make
the following changes:
1. In § 317.344, remove the term
‘‘ground pork’’.
rmajette on DSK2TPTVN1PROD with RULES
■
2. In § 317.345, in paragraph (d),
remove the word ‘‘should’’ and add in
its place ‘‘for products covered in
paragraphs (a)(1) and (a)(2) must’’.
■
[FR Doc. 2015–32120 Filed 12–21–15; 8:45 am]
BILLING CODE 1505–01–D
VerDate Sep<11>2014
15:05 Dec 21, 2015
Jkt 238001
The amendments to part 204
(Regulation D) are effective December
22, 2015. The IORR and IOER rate
changes were applicable on December
17, 2015, as specified in 12 CFR
204.10(b)(5), as amended.
FOR FURTHER INFORMATION CONTACT:
Clinton N. Chen, Attorney (202–452–
3952), or Stephanie Martin, Associate
General Counsel (202–452–3198), Legal
Division, or Thomas R. Keating,
Financial Analyst (202–973–7401), or
Laura Lipscomb, Section Chief (202–
973–7964), Division of Monetary
Affairs; for users of
Telecommunications Device for the Deaf
(TDD) only, contact (202–263–4869);
Board of Governors of the Federal
Reserve System, 20th and C Streets
NW., Washington, DC 20551.
SUPPLEMENTARY INFORMATION:
DATES:
The Board of Governors of the
Federal Reserve System (‘‘Board’’) is
amending Regulation D (Reserve
Requirements of Depository Institutions)
to revise the rate of interest paid on
balances maintained to satisfy reserve
balance requirements (‘‘IORR’’) and the
rate of interest paid on excess balances
(‘‘IOER’’) maintained at Federal Reserve
Banks by or on behalf of eligible
institutions. The final amendments
specify that IORR is 0.50 percent and
IOER is 0.50 percent, a 0.25 percentage
point increase from their prior levels.
The amendments are intended to
enhance the role of such rates of interest
in moving the Federal funds rate into
the target range established by the
Federal Open Market Committee
(‘‘FOMC’’ or ‘‘Committee’’).
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Fmt 4700
Sfmt 4700
19 of the Federal Reserve Act (‘‘the
Act’’) imposes reserve requirements on
certain types of deposits and other
liabilities of depository institutions.
Regulation D, which implements section
19 of the Act, requires that a depository
institution meet reserve requirements by
holding cash in its vault, or if vault cash
is insufficient, by maintaining a balance
in an account at a Federal Reserve Bank
(‘‘Reserve Bank’’).1 Section 19 also
provides that balances maintained by or
on behalf of certain institutions in an
account at a Reserve Bank may receive
earnings to be paid by the Reserve Bank
at least once each quarter, at a rate or
rates not to exceed the general level of
short-term interest rates. Institutions
that are eligible to receive earnings on
their balances held at Reserve Banks
(‘‘eligible institutions’’) include
depository institutions and certain other
institutions.2 Section 19 also provides
1 12
CFR 204.5(a)(1).
19(b)(1)(A) defines ‘‘depository
institution’’ as any insured bank as defined in
section 3 of the Federal Deposit Insurance Act or
any bank which is eligible to make application to
become an insured bank under section 5 of such
Act; any mutual savings bank as defined in section
3 of the Federal Deposit Insurance Act or any bank
which is eligible to make application to become an
insured bank under section 5 of such Act; any
savings bank as defined in section 3 of the Federal
Deposit Insurance Act or any bank which is eligible
to make application to become an insured bank
under section 5 of such Act; any insured credit
union as defined in section 101 of the Federal
Credit Union Act or any credit union which is
eligible to make application to become an insured
credit union pursuant to section 201 of such Act;
any member as defined in section 2 of the Federal
Home Loan Bank Act; [and] any savings association
(as defined in section 3 of the Federal Deposit
Insurance Act) which is an insured depository
institution (as defined in such Act) or is eligible to
apply to become an insured depository institution
under the Federal Deposit Insurance Act. See 12
2 Section
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[Federal Register Volume 80, Number 245 (Tuesday, December 22, 2015)]
[Rules and Regulations]
[Page 79460]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-32113]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
12 CFR Part 163
Savings Associations--Operations
CFR Correction
0
In Title 12 of the Code of Federal Regulations, Parts 1 to 199, revised
as of January 1, 2015, on page 920, in Sec. 163.76, at the end of
paragraph (c), reinstate a signature line and date line, and reinstate
paragraph (d) to read as follows:
Sec. 163.76 Offers and sales of securities at an office of a Federal
savings association.
* * * * *
(c) * * *
Signature:-------------------------------------------------------------
Date:------------------------------------------------------------------
(d) For purposes of this section, an ``office'' of an association
means any premises used by the association that are identified to the
public through advertising or signage using the association's name,
trade name, or logo.
[FR Doc. 2015-32113 Filed 12-21-15; 8:45 am]
BILLING CODE 1505-01-D
