Recordkeeping for Timely Deposit Insurance Determination, 33424 [2016-12325]

Download as PDF 33424 Proposed Rules Federal Register Vol. 81, No. 102 Thursday, May 26, 2016 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 DEPOSIT INSURANCE CORPORATION 12 CFR Part 370 Recordkeeping for Timely Deposit Insurance Determination Federal Deposit Insurance Corporation (FDIC). ACTION: Proposed rule; extension of comment period. AGENCY: On February 26, 2016, the FDIC published in the Federal Register a notice of proposed rulemaking entitled ‘‘Recordkeeping for Timely Deposit Insurance Determination’’ and solicited public comment. To allow the public more time to consider this proposed rulemaking and the issues and questions posed for comment, particularly those related to the estimated cost of compliance, the FDIC has determined that an extension of the comment period for an additional 30-day period ending June 27, 2016, is appropriate. DATES: The comment period for the proposed rule published February 26, 2016 (81 FR 10026), is extended. Comments must be received on or before June 27, 2016. ADDRESSES: You may submit comments by any of the following methods: • Agency Web site: https:// www.fdic.gov/regulations/laws/federal. Follow the instructions for submitting comments on the Agency Web site. • Email: Comments@FDIC.gov. Include ‘‘Recordkeeping for Timely Deposit Insurance Determination’’ in the subject line of the message. • Mail: Robert E. Feldman, Executive Secretary, Attention: Comments, Federal Deposit Insurance Corporation, 550 17th Street NW., Washington, DC 20429. • Hand Delivery/Courier: Guard station at the rear of the 550 17th Street Building (located on F Street) on business days between 7 a.m. and 5 p.m. (EST). • Federal eRulemaking Portal: https:// www.regulations.gov. Follow the instructions for submitting comments. jstallworth on DSK7TPTVN1PROD with PROPOSALS SUMMARY: VerDate Sep<11>2014 15:09 May 25, 2016 Jkt 238001 Public Inspection: All comments received will be posted without change to https://www.fdic.gov/regulations/laws/ federal including any personal information provided. Comments may be inspected and photocopied in the FDIC Public Information Center, 3501 North Fairfax Drive, Room E–1002, Arlington, VA 22226, between 9 a.m. and 5 p.m. (EST) on business days. Paper copies of public comments may be ordered from the Public Information Center by telephone at (877) 275–3342 or (703) 562–2200. FOR FURTHER INFORMATION CONTACT: Marc Steckel, Deputy Director, Division of Resolutions and Receiverships, 571– 858–8224; Teresa J. Franks, Associate Director, Division of Resolutions and Receiverships, 571–858–8226; Shane Kiernan, Counsel, Legal Division, 703– 562–2632; Karen L. Main, Counsel, Legal Division, 703–562–2079. SUPPLEMENTARY INFORMATION: In its notice of proposed rulemaking entitled ‘‘Recordkeeping for Timely Deposit Insurance Determination’’ (the ‘‘NPR’’ or the ‘‘proposed rule’’), the FDIC introduced potential new requirements for certain large and complex insured depository institutions to ensure that depositors have prompt access to insured funds in the event of a failure.1 The FDIC sought comment on all aspects of the proposed rule and requested that commenters respond to numerous questions within the 90-day comment period ending May 26, 2016. In connection with the development of the advance notice of proposed rulemaking that preceded the NPR, an independent consulting firm was retained by the FDIC to develop cost estimates in order to estimate the expected costs of implementing additional information technology capabilities and recordkeeping requirements to facilitate prompt payment of FDIC-insured deposits when large insured depository institutions fail. The FDIC has placed a copy of the independent consulting firm’s report in the comment file for the proposed rule (available at https://www.fdic.gov/ regulations/laws/federal/2016/2016_ recordkeeping_3064-AE33.html). The report has been redacted to ensure confidentiality of proprietary information. In order to provide the public sufficient time to review and 1 81 PO 00000 FR 10026. Frm 00001 Fmt 4702 Sfmt 4702 consider the independent consulting firm’s report when commenting on the proposed rule, the FDIC is extending the comment period for an additional 30 days. The comment period will now close on June 27, 2016. Dated at Washington, DC, this 20th day of May 2016. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2016–12325 Filed 5–25–16; 8:45 am] BILLING CODE 6714–01–P FEDERAL HOUSING FINANCE AGENCY 12 CFR Parts 1200, 1201, 1229, 1238, 1239, 1261, 1264, 1266, 1267, 1269, 1270, 1273, 1274, 1278, 1281, 1290, and 1291 RIN 2590–AA80 Technical and Conforming Changes and Corrections to FHFA Regulations Federal Housing Finance Agency. ACTION: Notice of proposed rulemaking; request for comments. AGENCY: The Federal Housing Finance Agency (FHFA) proposes to amend its rules to make a number of conforming changes and corrections intended to fix citations, provide for consistent use of terminology, and remove outdated or duplicative rule provisions and definitions. FHFA also proposes to remove provisions that FHFA believes are no longer applicable, clarify other provisions by incorporating language that would implement existing FHFA regulatory interpretations, and make other changes and corrections. DATES: Written comments must be received on or before July 25, 2016. ADDRESSES: You may submit your comments, identified by Regulatory Information Number (RIN) 2590–AA80, by any of the following methods: • Agency Web site: www.fhfa.gov/ open-for-comment-or-input. • Federal eRulemaking Portal: https:// www.regulations.gov. Follow the instructions for submitting comments. If you submit your comment to the Federal eRulemaking Portal, please also send it by email to FHFA at RegComments@fhfa.gov to ensure SUMMARY: E:\FR\FM\26MYP1.SGM 26MYP1

Agencies

[Federal Register Volume 81, Number 102 (Thursday, May 26, 2016)]
[Proposed Rules]
[Page 33424]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-12325]


========================================================================
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. 81, No. 102 / Thursday, May 26, 2016 / 
Proposed Rules

[[Page 33424]]



FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Part 370


Recordkeeping for Timely Deposit Insurance Determination

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Proposed rule; extension of comment period.

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

SUMMARY: On February 26, 2016, the FDIC published in the Federal 
Register a notice of proposed rulemaking entitled ``Recordkeeping for 
Timely Deposit Insurance Determination'' and solicited public comment. 
To allow the public more time to consider this proposed rulemaking and 
the issues and questions posed for comment, particularly those related 
to the estimated cost of compliance, the FDIC has determined that an 
extension of the comment period for an additional 30-day period ending 
June 27, 2016, is appropriate.

DATES: The comment period for the proposed rule published February 26, 
2016 (81 FR 10026), is extended. Comments must be received on or before 
June 27, 2016.

ADDRESSES: You may submit comments by any of the following methods:
     Agency Web site: https://www.fdic.gov/regulations/laws/federal. Follow the instructions for submitting comments on the Agency 
Web site.
     Email: Comments@FDIC.gov. Include ``Recordkeeping for 
Timely Deposit Insurance Determination'' in the subject line of the 
message.
     Mail: Robert E. Feldman, Executive Secretary, Attention: 
Comments, Federal Deposit Insurance Corporation, 550 17th Street NW., 
Washington, DC 20429.
     Hand Delivery/Courier: Guard station at the rear of the 
550 17th Street Building (located on F Street) on business days between 
7 a.m. and 5 p.m. (EST).
     Federal eRulemaking Portal: https://www.regulations.gov. 
Follow the instructions for submitting comments.
    Public Inspection: All comments received will be posted without 
change to https://www.fdic.gov/regulations/laws/federal including any 
personal information provided. Comments may be inspected and 
photocopied in the FDIC Public Information Center, 3501 North Fairfax 
Drive, Room E-1002, Arlington, VA 22226, between 9 a.m. and 5 p.m. 
(EST) on business days. Paper copies of public comments may be ordered 
from the Public Information Center by telephone at (877) 275-3342 or 
(703) 562-2200.

FOR FURTHER INFORMATION CONTACT: Marc Steckel, Deputy Director, 
Division of Resolutions and Receiverships, 571-858-8224; Teresa J. 
Franks, Associate Director, Division of Resolutions and Receiverships, 
571-858-8226; Shane Kiernan, Counsel, Legal Division, 703-562-2632; 
Karen L. Main, Counsel, Legal Division, 703-562-2079.

SUPPLEMENTARY INFORMATION: In its notice of proposed rulemaking 
entitled ``Recordkeeping for Timely Deposit Insurance Determination'' 
(the ``NPR'' or the ``proposed rule''), the FDIC introduced potential 
new requirements for certain large and complex insured depository 
institutions to ensure that depositors have prompt access to insured 
funds in the event of a failure.\1\ The FDIC sought comment on all 
aspects of the proposed rule and requested that commenters respond to 
numerous questions within the 90-day comment period ending May 26, 
2016.
---------------------------------------------------------------------------

    \1\ 81 FR 10026.
---------------------------------------------------------------------------

    In connection with the development of the advance notice of 
proposed rulemaking that preceded the NPR, an independent consulting 
firm was retained by the FDIC to develop cost estimates in order to 
estimate the expected costs of implementing additional information 
technology capabilities and recordkeeping requirements to facilitate 
prompt payment of FDIC-insured deposits when large insured depository 
institutions fail. The FDIC has placed a copy of the independent 
consulting firm's report in the comment file for the proposed rule 
(available at https://www.fdic.gov/regulations/laws/federal/2016/2016_recordkeeping_3064-AE33.html). The report has been redacted to 
ensure confidentiality of proprietary information. In order to provide 
the public sufficient time to review and consider the independent 
consulting firm's report when commenting on the proposed rule, the FDIC 
is extending the comment period for an additional 30 days. The comment 
period will now close on June 27, 2016.

    Dated at Washington, DC, this 20th day of May 2016.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016-12325 Filed 5-25-16; 8:45 am]
 BILLING CODE 6714-01-P
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