Capital Planning and Stress Testing-Schedule Shift, 7198 [2016-02740]

Download as PDF 7198 Federal Register / Vol. 81, No. 28 / Thursday, February 11, 2016 / Rules and Regulations (Approved by the Office of Management and Budget under control numbers 0579–0266, 0579–0431, and 0579–0439) ■ Done in Washington, DC, this 5th day of February 2015. Kevin Shea, Administrator, Animal and Plant Health Inspection Service. § 702.504 [FR Doc. 2016–02822 Filed 2–10–16; 8:45 am] BILLING CODE 3410–34–P NATIONAL CREDIT UNION ADMINISTRATION 12 CFR Part 702 RIN 3133–AE44 Capital Planning and Stress Testing— Schedule Shift National Credit Union Administration (NCUA). ACTION: Final rule; correcting amendment. AGENCY: The NCUA Board (Board) published a final rule in the Federal Register on August 11, 2015, regarding the capital planning and stress testing provisions in NCUA’s regulations. This amendment corrects the regulations by reinstating a provision that was inadvertently removed by the August 2015 final rule. DATES: This correcting amendment is effective February 11, 2016. FOR FURTHER INFORMATION CONTACT: Marvin Shaw, Staff Attorney, Office of General Counsel, 1775 Duke Street, Alexandria VA 22314 or telephone (703) 518–6553. SUPPLEMENTARY INFORMATION: NCUA is correcting a technical error in the final rule NCUA published in the Federal Register on August 11, 2015 (80 FR 48012). This amendment corrects § 702.504(a) of NCUA’s regulations by reinstating § 702.504(a)(2) which was inadvertently removed by the August 2015 final rule. SUMMARY: List of Subjects in 12 CFR Part 702 Capital, Credit unions, Reporting and recordkeeping requirements. jstallworth on DSK7TPTVN1PROD with RULES By the National Credit Union Administration Board on February 5, 2016. Gerard Poliquin, Secretary of the Board. For the reasons discussed above, the National Credit Union Administration amends part 702 as follows: PART 702—CAPITAL ADEQUACY 1. The authority citation for part 702 continues to read as follows: ■ Authority: 12 U.S.C. 1766(a), 1790d. VerDate Sep<11>2014 14:09 Feb 10, 2016 Jkt 238001 2. In § 702.504, revise paragraph (a) to read as follows: Capital planning. (a) Annual capital planning. (1) A covered credit union must develop and maintain a capital plan. It must submit this plan and its capital policy to NCUA by May 31 each year, or such later date as directed by NCUA. The plan must be based on the credit union’s financial data as of December 31 of the preceding calendar year, or such other date as directed by NCUA. NCUA will assess whether the capital planning and analysis process is sufficiently robust in determining whether to accept a credit union’s capital plan. (2) A covered credit union’s board of directors (or a designated committee of the board) must at least annually, and prior to the submission of the capital plan under paragraph (a)(1) of this section: (i) Review the credit union’s process for assessing capital adequacy; (ii) Ensure that any deficiencies in the credit union’s process for assessing capital adequacy are appropriately remedied; and (iii) Approve the credit union’s capital plan. * * * * * [FR Doc. 2016–02740 Filed 2–10–16; 8:45 am] BILLING CODE 7535–01–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration 14 CFR Part 25 [Docket No. FAA–2015–5877; Special Conditions No. 25–610–SC] Special Conditions: The Boeing Company, Model 737–8 Airplanes; Design Roll-Maneuver Requirements Federal Aviation Administration (FAA), DOT. ACTION: Final special conditions; request for comments. AGENCY: These special conditions are issued for Boeing Model 737–8 airplanes. These airplanes will have a novel or unusual design feature associated with an electronic flightcontrol system that provides roll control of the airplane through pilot inputs to the flight computers. The applicable airworthiness regulations do not contain adequate or appropriate safety standards for this design feature. These special conditions contain the additional safety standards that the Administrator considers necessary to establish a level SUMMARY: PO 00000 Frm 00004 Fmt 4700 Sfmt 4700 of safety equivalent to that established by the existing airworthiness standards. DATES: This action is effective on the Boeing Company on February 11, 2016. We must receive your comments by March 28, 2016. ADDRESSES: Send comments identified by docket no. FAA–2015–5877 using any of the following methods: • Federal eRegulations Portal: Go to http://www.regulations.gov/ and follow the online instructions for sending your comments electronically. • Mail: Send comments to Docket Operations, M–30, U.S. Department of Transportation (DOT), 1200 New Jersey Avenue SE., Room W12–140, West Building Ground Floor, Washington, DC, 20590–0001. • Hand Delivery or Courier: Take comments to Docket Operations in Room W12–140 of the West Building Ground Floor at 1200 New Jersey Avenue SE., Washington, DC, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. • Fax: Fax comments to Docket Operations at 202–493–2251. Privacy: The FAA will post all comments it receives, without change, to http://www.regulations.gov/, including any personal information the commenter provides. Using the search function of the docket Web site, anyone can find and read the electronic form of all comments received into any FAA docket, including the name of the individual sending the comment (or signing the comment for an association, business, labor union, etc.). DOT’s complete Privacy Act Statement can be found in the Federal Register published on April 11, 2000 (65 FR 19477–19478), as well as at http://DocketsInfo.dot .gov/. Docket: Background documents or comments received may be read at http://www.regulations.gov/ at any time. Follow the online instructions for accessing the docket, or go to Docket Operations in Room W12–140 of the West Building Ground Floor at 1200 New Jersey Avenue SE., Washington, DC, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. FOR FURTHER INFORMATION CONTACT: Mark Freisthler, FAA, Airframe and Cabin Safety Branch, Transport Airplane Directorate, Aircraft Certification Service, 1601 Lind Avenue SW., Renton, Washington, 98057–3356; telephone 425–227–1119; facsimile 425–227–1232. SUPPLEMENTARY INFORMATION: The FAA has determined that notice of, and opportunity for prior public comment on, these special conditions is impracticable because these procedures E:\FR\FM\11FER1.SGM 11FER1

Agencies

[Federal Register Volume 81, Number 28 (Thursday, February 11, 2016)]
[Rules and Regulations]
[Page 7198]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-02740]


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NATIONAL CREDIT UNION ADMINISTRATION

12 CFR Part 702

RIN 3133-AE44


Capital Planning and Stress Testing--Schedule Shift

AGENCY: National Credit Union Administration (NCUA).

ACTION: Final rule; correcting amendment.

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SUMMARY: The NCUA Board (Board) published a final rule in the Federal 
Register on August 11, 2015, regarding the capital planning and stress 
testing provisions in NCUA's regulations. This amendment corrects the 
regulations by reinstating a provision that was inadvertently removed 
by the August 2015 final rule.

DATES: This correcting amendment is effective February 11, 2016.

FOR FURTHER INFORMATION CONTACT: Marvin Shaw, Staff Attorney, Office of 
General Counsel, 1775 Duke Street, Alexandria VA 22314 or telephone 
(703) 518-6553.

SUPPLEMENTARY INFORMATION: NCUA is correcting a technical error in the 
final rule NCUA published in the Federal Register on August 11, 2015 
(80 FR 48012). This amendment corrects Sec.  702.504(a) of NCUA's 
regulations by reinstating Sec.  702.504(a)(2) which was inadvertently 
removed by the August 2015 final rule.

List of Subjects in 12 CFR Part 702

    Capital, Credit unions, Reporting and recordkeeping requirements.

    By the National Credit Union Administration Board on February 5, 
2016.
Gerard Poliquin,
Secretary of the Board.

    For the reasons discussed above, the National Credit Union 
Administration amends part 702 as follows:

PART 702--CAPITAL ADEQUACY

0
1. The authority citation for part 702 continues to read as follows:

    Authority:  12 U.S.C. 1766(a), 1790d.

0
2. In Sec.  702.504, revise paragraph (a) to read as follows:


Sec.  702.504  Capital planning.

    (a) Annual capital planning. (1) A covered credit union must 
develop and maintain a capital plan. It must submit this plan and its 
capital policy to NCUA by May 31 each year, or such later date as 
directed by NCUA. The plan must be based on the credit union's 
financial data as of December 31 of the preceding calendar year, or 
such other date as directed by NCUA. NCUA will assess whether the 
capital planning and analysis process is sufficiently robust in 
determining whether to accept a credit union's capital plan.
    (2) A covered credit union's board of directors (or a designated 
committee of the board) must at least annually, and prior to the 
submission of the capital plan under paragraph (a)(1) of this section:
    (i) Review the credit union's process for assessing capital 
adequacy;
    (ii) Ensure that any deficiencies in the credit union's process for 
assessing capital adequacy are appropriately remedied; and
    (iii) Approve the credit union's capital plan.
* * * * *
[FR Doc. 2016-02740 Filed 2-10-16; 8:45 am]
 BILLING CODE 7535-01-P