Large Financial Institution Rating System; Regulations K and LL, 55791 [2017-25371]

Download as PDF Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Proposed Rules For the Nuclear Regulatory Commission. Patricia Holahan, Director, Division of Rulemaking, Office of Nuclear Material Safety and Safeguards. [FR Doc. 2017–25341 Filed 11–22–17; 8:45 am] BILLING CODE 7590–01–P 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 on the proposal, the Board previously extended the comment period from October 16, 2017, to November 30, 2017. The Board has determined that a further extension of the comment period until February 15, 2018, is appropriate. This action will allow interested persons additional time to analyze the proposal and prepare their comments. DATES: Comments on the proposed rule published August 17, 2017, 82 FR 39049, are extended and must be received on or before February 15, 2018. ADDRESSES: You may submit comments by any of the methods identified in the proposal. Please submit your comments using only one method. 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. sradovich on DSK3GMQ082PROD with PROPOSALS SUMMARY: On August 17, 2017, the Board published in the Federal Register a proposed new rating system for its supervision of large SUPPLEMENTARY INFORMATION: VerDate Sep<11>2014 16:52 Nov 22, 2017 Jkt 244001 financial institutions.1 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. 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. The proposal stated that the public comment period would close on October 16, 2017, which the Board previously extended to November 30, 2017.2 An additional extension of the comment period will provide an opportunity for the public to comment on the ratings framework and related supervisory expectations as a whole. Therefore, the Board is extending the end of the comment period for the proposal from November 30, 2017, to February 15, 2018. By order of the Board of Governors of the Federal Reserve System, acting through the Secretary of the Board under delegated authority, November 17, 2017. Ann E. Misback, Secretary of the Board. [FR Doc. 2017–25371 Filed 11–22–17; 8:45 am] BILLING CODE 6210–01–P 1 See ‘‘Large Financial Institution Rating System; Regulations K and LL,’’ 82 FR 39049 (August 17, 2017). 2 See ‘‘Large Financial Institution Rating System; Regulations K and LL,’’ 82 FR 47164 (October 11, 2017). PO 00000 Frm 00002 Fmt 4702 Sfmt 4702 55791 DEPARTMENT OF TRANSPORTATION Federal Aviation Administration 14 CFR Parts 61 and 121 [Docket No.: FAA–2017–1106 Notice No. 17– 02] RIN 2120–AL03 Recognition of Pilot in Command Experience in the Military and in Part 121 Air Carrier Operations Federal Aviation Administration (FAA), DOT. ACTION: Notice of proposed rulemaking. AGENCY: This notice of proposed rulemaking (NPRM) would allow pilots who obtained pilot in command (PIC) experience prior to July 31, 2013, in certain air carrier operations, to count that time towards the 1,000 hours of air carrier experience required to serve as a PIC in air carrier operations today. This would correct an inadvertent omission in the Pilot Certification and Qualification Requirements for Air Carrier Operations final rule that established the air carrier experience requirement. It would also broaden the existing 500-hour credit military pilots of fixed-wing airplanes can use towards the 1,000 hours of air carrier experience by permitting pilots of select poweredlift aircraft operations to receive credit. This NPRM would also allow credit for select military time in a powered-lift aircraft flown in horizontal flight towards the 250 hours of airplane time as PIC, or second in command (SIC) performing the duties of PIC, required for an airline transport pilot (ATP) certificate. SUMMARY: Send comments on or before January 23, 2018. ADDRESSES: Send comments identified by docket number FAA–2017–1106 using any of the following methods: • Federal eRulemaking 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. DATES: E:\FR\FM\24NOP1.SGM 24NOP1

Agencies

[Federal Register Volume 82, Number 225 (Friday, November 24, 2017)]
[Proposed Rules]
[Page 55791]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-25371]


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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 on the 
proposal, the Board previously extended the comment period from October 
16, 2017, to November 30, 2017. The Board has determined that a further 
extension of the comment period until February 15, 2018, is 
appropriate. This action will allow interested persons additional time 
to analyze the proposal and prepare their comments.

DATES: Comments on the proposed rule published August 17, 2017, 82 FR 
39049, are extended and must be received on or before February 15, 
2018.

ADDRESSES: You may submit comments by any of the methods identified in 
the proposal. Please submit your comments using only one method.

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.\1\ 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. 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.
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    \1\ See ``Large Financial Institution Rating System; Regulations 
K and LL,'' 82 FR 39049 (August 17, 2017).
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    The proposal stated that the public comment period would close on 
October 16, 2017, which the Board previously extended to November 30, 
2017.\2\
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    \2\ See ``Large Financial Institution Rating System; Regulations 
K and LL,'' 82 FR 47164 (October 11, 2017).
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    An additional extension of the comment period will provide an 
opportunity for the public to comment on the ratings framework and 
related supervisory expectations as a whole. Therefore, the Board is 
extending the end of the comment period for the proposal from November 
30, 2017, to February 15, 2018.

    By order of the Board of Governors of the Federal Reserve 
System, acting through the Secretary of the Board under delegated 
authority, November 17, 2017.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2017-25371 Filed 11-22-17; 8:45 am]
BILLING CODE 6210-01-P