Large Financial Institution Rating System; Regulations K and LL, 47164 [2017-21860]

Download as PDF 47164 Proposed Rules Federal Register Vol. 82, No. 195 Wednesday, October 11, 2017 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 Parts 211 and 238 [Docket No. R–1569] RIN 7100–AE82 Large Financial Institution Rating System; Regulations K and LL Board of Governors of the Federal Reserve System (Board). ACTION: Notice of proposed rulemaking; extension of comment period. AGENCY: On August 17, 2017, the Board published in the Federal Register a proposed new rating system for its supervision of large financial institutions. To facilitate effective public comment, the Board has determined that an extension of the public comment period until November 30, 2017, is appropriate. This action will allow interested persons additional time to analyze the proposal and prepare their comments. DATES: The comment period for the notice of proposed rulemaking published on August 17, 2017 (82 FR 39049), is extended. Comments on the proposal must be received on or before November 30, 2017. ADDRESSES: Interested parties are invited to submit written comments by following the instructions for submitting comments at http:// www.federalreserve.gov/generalinfo/ foia/ProposedRegs.cfm. • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. • Email: regs.comments@ federalreserve.gov. Include the docket number in the subject line of the message. • Fax: (202) 452–3819 or (202) 452– 3102. • Mail: Address to Ann E. Misback, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW., Washington, DC 20551. All public comments will be made available on the Board’s Web site at asabaliauskas on DSKBBXCHB2PROD with PROPOSALS SUMMARY: VerDate Sep<11>2014 16:36 Oct 10, 2017 Jkt 244001 http://www.federalreserve.gov/ generalinfo/foia/ProposedRegs.cfm as submitted, unless modified for technical reasons. Accordingly, comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper in Room 3515, 1801 K Street NW. (between 18th and 19th Street NW.), Washington, DC 20006 between 9:00 a.m. and 5:00 p.m. on weekdays. FOR FURTHER INFORMATION CONTACT: Richard Naylor, Associate Director, (202) 728–5854, Vaishali Sack, Manager, (202) 452–5221, April Snyder, Manager, (202) 452–3099, Bill Charwat, Senior Project Manager, (202) 452–3006, Division of Supervision and Regulation, Scott Tkacz, Senior Counsel, (202) 452– 2744, or Christopher Callanan, Senior Attorney, (202) 452–3594, Legal Division, Board of Governors of the Federal Reserve System, 20th and C Streets NW., Washington, DC 20551. For the hearing impaired only, Telecommunications Device for the Deaf (TDD) users may contact (202) 263– 4869. SUPPLEMENTARY INFORMATION: On August 17, 2017, the Board published in the Federal Register a proposed new rating system for its supervision of large financial institutions. The proposed ‘‘Large Financial Institution Rating System’’ is closely aligned with the Federal Reserve’s new supervisory program for large financial institutions. The proposed rating system would apply to all bank holding companies with total consolidated assets of $50 billion or more; all non-insurance, noncommercial savings and loan holding companies with total consolidated assets of $50 billion or more; and U.S. intermediate holding companies of foreign banking organizations established pursuant to the Federal Reserve’s Regulation YY. The proposed rating system includes a new rating scale under which component ratings would be assigned for capital planning and positions, liquidity risk management and positions, and governance and controls; however, a standalone composite rating would not be assigned. The Federal Reserve proposes to assign initial ratings under the new rating system during 2018. The Federal Reserve is also seeking comment on proposed revisions to existing provisions in Regulations K and PO 00000 Frm 00001 Fmt 4702 Sfmt 4702 LL so they would remain consistent with certain features of the proposed rating system. In recognition of the range of issues addressed and the variety of considerations involved with implementing the proposal, the Board requested that commenters respond to a number of questions. The proposal stated that the public comment period would close on October 16, 2017.1 The Board believes that the additional period for comment will facilitate public comment on the provisions of the proposal and the questions posed by the Board. Therefore, the Board is extending the end of the comment period for the proposal from October 16, 2017, to November 30, 2017. By order of the Board of Governors of the Federal Reserve System, acting through the Secretary of the Board under delegated authority, October 5, 2017. Ann E. Misback, Secretary of the Board. [FR Doc. 2017–21860 Filed 10–10–17; 8:45 am] BILLING CODE P DEPARTMENT OF THE TREASURY Alcohol and Tobacco Tax and Trade Bureau 27 CFR Part 4 [Docket No. TTB–2016–0011; Notice No. 165A; Re: Notice No. 165] RIN 1513–AC24 Proposed Addition of New Grape Variety Names for American Wines; Comment Period Reopening Alcohol and Tobacco Tax and Trade Bureau, Treasury. ACTION: Notice of proposed rulemaking; reopening of comment period. AGENCY: The Alcohol and Tobacco Tax and Trade Bureau is reopening for an additional 60 days the comment period for Notice No. 165, Proposed Addition of New Grape Variety Names for American Wines, a notice of proposed rulemaking published in the Federal Register on November 17, 2016. TTB is taking this action in response to requests from several wine industry members and trade associations. SUMMARY: 1 Id. E:\FR\FM\11OCP1.SGM 11OCP1

Agencies

[Federal Register Volume 82, Number 195 (Wednesday, October 11, 2017)]
[Proposed Rules]
[Page 47164]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-21860]


========================================================================
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. 82, No. 195 / Wednesday, October 11, 2017 / 
Proposed Rules

[[Page 47164]]



FEDERAL RESERVE SYSTEM

12 CFR Parts 211 and 238

[Docket No. R-1569]
RIN 7100-AE82


Large Financial Institution Rating System; Regulations K and LL

AGENCY: Board of Governors of the Federal Reserve System (Board).

ACTION: Notice of proposed rulemaking; extension of comment period.

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SUMMARY: On August 17, 2017, the Board published in the Federal 
Register a proposed new rating system for its supervision of large 
financial institutions. To facilitate effective public comment, the 
Board has determined that an extension of the public comment period 
until November 30, 2017, is appropriate. This action will allow 
interested persons additional time to analyze the proposal and prepare 
their comments.

DATES: The comment period for the notice of proposed rulemaking 
published on August 17, 2017 (82 FR 39049), is extended. Comments on 
the proposal must be received on or before November 30, 2017.

ADDRESSES: Interested parties are invited to submit written comments by 
following the instructions for submitting comments at http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: regs.comments@federalreserve.gov. Include the 
docket number in the subject line of the message.
     Fax: (202) 452-3819 or (202) 452-3102.
     Mail: Address to Ann E. Misback, Secretary, Board of 
Governors of the Federal Reserve System, 20th Street and Constitution 
Avenue NW., Washington, DC 20551.
    All public comments will be made available on the Board's Web site 
at http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as 
submitted, unless modified for technical reasons. Accordingly, comments 
will not be edited to remove any identifying or contact information. 
Public comments may also be viewed electronically or in paper in Room 
3515, 1801 K Street NW. (between 18th and 19th Street NW.), Washington, 
DC 20006 between 9:00 a.m. and 5:00 p.m. on weekdays.

FOR FURTHER INFORMATION CONTACT: Richard Naylor, Associate Director, 
(202) 728-5854, Vaishali Sack, Manager, (202) 452-5221, April Snyder, 
Manager, (202) 452-3099, Bill Charwat, Senior Project Manager, (202) 
452-3006, Division of Supervision and Regulation, Scott Tkacz, Senior 
Counsel, (202) 452-2744, or Christopher Callanan, Senior Attorney, 
(202) 452-3594, Legal Division, Board of Governors of the Federal 
Reserve System, 20th and C Streets NW., Washington, DC 20551. For the 
hearing impaired only, Telecommunications Device for the Deaf (TDD) 
users may contact (202) 263-4869.

SUPPLEMENTARY INFORMATION: On August 17, 2017, the Board published in 
the Federal Register a proposed new rating system for its supervision 
of large financial institutions. The proposed ``Large Financial 
Institution Rating System'' is closely aligned with the Federal 
Reserve's new supervisory program for large financial institutions. The 
proposed rating system would apply to all bank holding companies with 
total consolidated assets of $50 billion or more; all non-insurance, 
non-commercial savings and loan holding companies with total 
consolidated assets of $50 billion or more; and U.S. intermediate 
holding companies of foreign banking organizations established pursuant 
to the Federal Reserve's Regulation YY. The proposed rating system 
includes a new rating scale under which component ratings would be 
assigned for capital planning and positions, liquidity risk management 
and positions, and governance and controls; however, a standalone 
composite rating would not be assigned. The Federal Reserve proposes to 
assign initial ratings under the new rating system during 2018. The 
Federal Reserve is also seeking comment on proposed revisions to 
existing provisions in Regulations K and LL so they would remain 
consistent with certain features of the proposed rating system.
    In recognition of the range of issues addressed and the variety of 
considerations involved with implementing the proposal, the Board 
requested that commenters respond to a number of questions. The 
proposal stated that the public comment period would close on October 
16, 2017.\1\
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    \1\ Id.
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    The Board believes that the additional period for comment will 
facilitate public comment on the provisions of the proposal and the 
questions posed by the Board. Therefore, the Board is extending the end 
of the comment period for the proposal from October 16, 2017, to 
November 30, 2017.

    By order of the Board of Governors of the Federal Reserve 
System, acting through the Secretary of the Board under delegated 
authority, October 5, 2017.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2017-21860 Filed 10-10-17; 8:45 am]
BILLING CODE P