Regulatory Capital Rules: Regulatory Capital, Final Revisions Applicable to Banking Organizations Subject to the Advanced Approaches Risk-Based Capital Rule, 17616-17617 [2018-08359]

Download as PDF jstallworth on DSKBBY8HB2PROD with RULES 17616 Federal Register / Vol. 83, No. 78 / Monday, April 23, 2018 / Rules and Regulations price and shipment data, the majority of Florida grapefruit handlers could be considered small businesses under SBA’s definition ($29.40 times 3.2 million boxes equals $94.1 million divided by 20 handlers equals $4.7 million per handler). In addition, based on NASS data, the average grower price for the 2016–17 season was $16.02 per box. Based on grower price, shipment data, and the total number of Florida citrus growers, the average annual grower revenue is below $750,000 ($16.02 times 3.2 million boxes equals $51,264,000 divided by 500 producers equals $102,528 per handler). Information from the Foreign Agricultural Service, USDA, indicates that the dollar value of imported fresh grapefruit was approximately $11.2 million in 2016. Using this value and the number of importers (approximately 50), most importers would have annual receipts of less than $7,500,000 for grapefruit. Thus, the majority of handlers, producers, and importers of grapefruit may be classified as small entities. South Africa, Peru, and Mexico are the major grapefruit-producing countries exporting grapefruit to the United States. In 2016, shipments of grapefruit imported into the United States totaled approximately 24,000 metric tons. This rule continues in effect the action that reduced the minimum size requirements for grapefruit covered under the Order and imported grapefruit from 3 5⁄16 inches to 3 inches in diameter. This change is expected to maximize shipments by allowing more grapefruit to be shipped to the fresh market while providing greater flexibility to handlers and importers. Further, it helps reduce the losses sustained by the grapefruit industry as a result of citrus greening and Hurricane Irma. This rule amends the provisions of §§ 905.306 and 944.106. Authority for the change is provided in § 905.52. The change in the import regulation is required under section 8e of the Act. This action is not expected to increase costs associated with the Order’s requirements. Rather, this action will have a beneficial impact. Reducing the size requirements makes additional fruit available for shipment to the fresh market, provides an outlet for fruit that may otherwise go unharvested, and affords more opportunity to meet consumer demand. This change provides additional fruit to fill the shortage caused by citrus greening and Hurricane Irma. Further, by maximizing shipments, this action will help provide additional returns to growers and VerDate Sep<11>2014 14:32 Apr 20, 2018 Jkt 244001 handlers as they work to recover from the losses stemming from the hurricane. This action may also help reduce harvesting costs. By reducing the minimum size, more fruit can be harvested immediately. This may eliminate the need to leave fruit on the tree to increase in size, which requires follow-up picking later in the season. Given the amount of fruit loss, this could help reduce picking costs substantially. The benefits of this rule are expected to be equally available to all fresh grapefruit growers and handlers, regardless of their size. In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. Chapter 35), the Order’s information collection requirements have been previously approved by the Office of Management and Budget (OMB) and assigned OMB No. 0581–0189, ‘‘Generic Fruit Crops.’’ No changes in those requirements as a result of this action are necessary. Should any changes become necessary, they would be submitted to OMB for approval. This action imposes no additional reporting or recordkeeping requirements on either small or large grapefruit handlers. As with all Federal marketing order programs, reports and forms are periodically reviewed to reduce information requirements and duplication by industry and public sector agencies. USDA has not identified any relevant Federal rules that duplicate, overlap or conflict with this rule. Further, the Committee’s meetings were widely publicized throughout the Florida citrus industry and all interested persons were invited to attend the meeting and participate in Committee deliberations. Like all Committee meetings, the June 29, 2017, and September 28, 2017, meetings were public meetings and all entities, both large and small, were able to express their views on this issue. Comments on the interim rule were required to be received on or before January 22, 2018. One comment was received during the comment period. The Commenter was in favor of the regulation, and stated that both producers and consumers would benefit from this action. Accordingly, no changes will be made to the interim rule, based on the comment received. To view the interim rule, go to: https://www.regulations.gov/ document?D=AMS-SC-17-0063-0001. This action also affirms information contained in the interim rule concerning Executive Orders 12866, 12988, 13175, 13563, and 13771; the Paperwork PO 00000 Frm 00002 Fmt 4700 Sfmt 4700 Reduction Act (44 U.S.C. Chapter 35); and the E-Gov Act (44 U.S.C. 101). In accordance with section 8e of the Act, the United States Trade Representative has concurred with the issuance of this final rule. After consideration of all relevant material presented, it is found that finalizing the interim rule, without change, as published in the Federal Register (82 FR 55305, November 21, 2017) will tend to effectuate the declared policy of the Act. List of Subjects 7 CFR Part 905 Grapefruit, Marketing agreements, Oranges, Pummelos, Reporting and recordkeeping requirements, Tangerines. 7 CFR Part 944 Avocados, Food grades and standards, Grapefruit, Grapes, Imports, Kiwifruit, Limes, Olives, Oranges. Accordingly, the interim rule that amended 7 CFR parts 905 and 944 and that was published at 82 FR 55305 on November 21, 2017, is adopted as a final rule, without change. Dated: April 18, 2018. Bruce Summers, Acting Administrator, Agricultural Marketing Service. [FR Doc. 2018–08424 Filed 4–20–18; 8:45 am] BILLING CODE 3410–02–P FEDERAL DEPOSIT INSURANCE CORPORATION 12 CFR Part 324 RIN 3064–AE12 Regulatory Capital Rules: Regulatory Capital, Final Revisions Applicable to Banking Organizations Subject to the Advanced Approaches Risk-Based Capital Rule Federal Deposit Insurance Corporation (FDIC). ACTION: Final rule; technical amendment. AGENCY: The FDIC is issuing this technical amendment to return text to its regulations that was altered due to a procedural error that allowed a 2014 rule to become effective on January 1, 2018. FDIC did not intend for the 2014 rule to become effective but did not rescind it before its effective date. This rule returns text to a section on capital measures and capital category definitions as it appeared before the codification of the 2014 rule. SUMMARY: E:\FR\FM\23APR1.SGM 23APR1 Federal Register / Vol. 83, No. 78 / Monday, April 23, 2018 / Rules and Regulations April 23, 2018 and applicable beginning April 15, 2016. FOR FURTHER INFORMATION CONTACT: Valerie J. Best, Supervisory Counsel (Assistant Executive Secretary), vbest@ fdic.gov, ph. 202–898–3812; or Michael Phillips, Counsel, mphillips@fdic.gov; Legal Division, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. SUPPLEMENTARY INFORMATION: This document sets out the text of § 324.403(b)(1)(v) as adopted by the FDIC Board of Directors on June 16, 2015. This technical correction is needed to rescind the impact of a delayed effective date initially prescribed in 2014. On April 8, 2014, the FDIC issued revisions to § 324.403(b)(1)(v), with a delayed effective date of January 1, 2018. 79 FR 24528 at 24541 (May 1, 2014). On July 15, 2015, the FDIC revised § 324.403(b)(1)(i) through (vi). 80 FR 41409 at 41426 (July 15, 2015). In the 2015 Federal Register the FDIC specified an effective date of October 1, 2015, but did not specifically rescind the delayed effective date prescribed in the 2014 Federal Register. On April 12, 2016, the FDIC issued a correcting amendment with respect to § 324.403 but, again, did not specifically rescind the delayed effective date prescribed in the 2014 Federal Register. Because the FDIC did not specifically rescind the delayed effective date, when the delayed effective date occurred on January 1, 2018, the text of § 324.403(b)(1)(v) reverted to the text as it appeared in the 2014 Federal Register. But, because the FDIC Board had adopted revisions to the text of § 324.403(b)(1)(v) and (vi) in 2015, as illustrated in the 2015 and 2016 Federal Registers, the effect, if uncorrected, is that the text of paragraph (v) duplicates the text of paragraph (vi). Authority: 12 U.S.C. 1815(a), 1815(b), 1816, 1818(a), 1818(b), 1818(c), 1818(t), 1819 (Tenth), 1828(c), 1828(d), 1828(i), 1828(n), 1828(o), 1831o, 1835, 3907, 3909, 4808; 5371; 5412; Pub. L. 102–233, 105 Stat. 1761, 1789, 1790 (12 U.S.C. 1831n note); Pub. L. 102– 242, 105 Stat. 2236, 2355, as amended by Pub. L. 103–325, 108 Stat. 2160, 2233 (12 U.S.C. 1828 note); Pub. L. 102–242, 105 Stat. 2236, 2386, as amended by Pub. L. 102–550, 106 Stat. 3672, 4089 (12 U.S.C. 1828 note); Pub. L. 111–203, 124 Stat. 1376, 1887 (15 U.S.C. 78o–7 note). List of Subjects in 12 CFR Part 324 [Docket No. FAA–2018–0237; Product Identifier 2017–SW–145–AD; Amendment 39–19254; AD 2018–08–01] DATES: Administrative practice and procedure, Banks, Banking, Capital adequacy, Reporting and recordkeeping requirements, Savings associations, State non-member banks. 12 CFR CHAPTER III jstallworth on DSKBBY8HB2PROD with RULES For the reasons stated in the preamble, the Federal Deposit Insurance Corporation amends part 324 of chapter III of Title 12, Code of Federal Regulations as follows: PART 324—CAPITAL ADEQUACY 1. The authority citation for part 324 continues to read as follows: ■ 14:32 Apr 20, 2018 § 324.403 Capital measures and capital category definitions. * * * * * (b) * * * (1) * * * (v) Is not subject to any written agreement, order, capital directive, or prompt corrective action directive issued by the FDIC pursuant to section 8 of the FDI Act (12 U.S.C. 1818), the International Lending Supervision Act of 1983 (12 U.S.C. 3907), or the Home Owners’ Loan Act (12 U.S.C. 1464(t)(6)(A)(ii)), or section 38 of the FDI Act (12 U.S.C. 1831o), or any regulation thereunder, to meet and maintain a specific capital level for any capital measure; and * * * * * Dated at Washington, DC, on April 17, 2018. Federal Deposit Insurance Corporation. Valerie Best, Assistant Executive Secretary. [FR Doc. 2018–08359 Filed 4–20–18; 8:45 am] BILLING CODE 6714–01–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration 14 CFR Part 39 RIN 2120–AA64 Airworthiness Directives; Airbus Helicopters Federal Aviation Administration (FAA), Department of Transportation (DOT). ACTION: Final rule; request for comments. AGENCY: Authority and Issuance VerDate Sep<11>2014 2. In § 324.403, revise paragraph (b)(1)(v) to read as follows: ■ Jkt 244001 We are adopting a new airworthiness directive (AD) for Airbus Helicopters Model EC225LP helicopters. This AD requires inspecting each main rotor rotating swashplate (swashplate) control rod attachment yoke (yoke). This SUMMARY: PO 00000 Frm 00003 Fmt 4700 Sfmt 4700 17617 AD is prompted by a finding that the yoke is susceptible to cracking. The actions of this AD are intended to address an unsafe condition on these products. This AD becomes effective May 8, 2018. The Director of the Federal Register approved the incorporation by reference of a certain document listed in this AD as of May 8, 2018. We must receive comments on this AD by June 22, 2018. ADDRESSES: You may send comments by any of the following methods: • Federal eRulemaking Docket: Go to https://www.regulations.gov. Follow the online instructions for sending your comments electronically. • Fax: 202–493–2251. • Mail: Send comments to the U.S. Department of Transportation, Docket Operations, M–30, West Building Ground Floor, Room W12–140, 1200 New Jersey Avenue SE, Washington, DC 20590–0001. • Hand Delivery: Deliver to the ‘‘Mail’’ address between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. DATES: Examining the AD Docket You may examine the AD docket on the internet at https:// www.regulations.gov by searching for and locating Docket No. FAA–2018– 0237; or in person at Docket Operations between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. The AD docket contains this AD, the European Aviation Safety Agency (EASA) AD, any incorporated-byreference service information, the economic evaluation, any comments received, and other information. The street address for Docket Operations (telephone 800–647–5527) is in the ADDRESSES section. Comments will be available in the AD docket shortly after receipt. For service information identified in this final rule, contact Airbus Helicopters, 2701 N Forum Drive, Grand Prairie, TX 75052; telephone (972) 641– 0000 or (800) 232–0323; fax (972) 641– 3775; or at https:// www.helicopters.airbus.com/website/ en/ref/Technical-Support_73.html. You may review the referenced service information at the FAA, Office of the Regional Counsel, Southwest Region, 10101 Hillwood Pkwy., Room 6N–321, Fort Worth, TX 76177. It is also available on the internet at https:// www.regulations.gov by searching for and locating Docket No. FAA–2018– 0237. E:\FR\FM\23APR1.SGM 23APR1

Agencies

[Federal Register Volume 83, Number 78 (Monday, April 23, 2018)]
[Rules and Regulations]
[Pages 17616-17617]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-08359]


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FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Part 324

RIN 3064-AE12


Regulatory Capital Rules: Regulatory Capital, Final Revisions 
Applicable to Banking Organizations Subject to the Advanced Approaches 
Risk-Based Capital Rule

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Final rule; technical amendment.

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

SUMMARY: The FDIC is issuing this technical amendment to return text to 
its regulations that was altered due to a procedural error that allowed 
a 2014 rule to become effective on January 1, 2018. FDIC did not intend 
for the 2014 rule to become effective but did not rescind it before its 
effective date. This rule returns text to a section on capital measures 
and capital category definitions as it appeared before the codification 
of the 2014 rule.

[[Page 17617]]


DATES: April 23, 2018 and applicable beginning April 15, 2016.

FOR FURTHER INFORMATION CONTACT: Valerie J. Best, Supervisory Counsel 
(Assistant Executive Secretary), [email protected], ph. 202-898-3812; or 
Michael Phillips, Counsel, [email protected]; Legal Division, Federal 
Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 
20429.

SUPPLEMENTARY INFORMATION: This document sets out the text of Sec.  
324.403(b)(1)(v) as adopted by the FDIC Board of Directors on June 16, 
2015. This technical correction is needed to rescind the impact of a 
delayed effective date initially prescribed in 2014. On April 8, 2014, 
the FDIC issued revisions to Sec.  324.403(b)(1)(v), with a delayed 
effective date of January 1, 2018. 79 FR 24528 at 24541 (May 1, 2014). 
On July 15, 2015, the FDIC revised Sec.  324.403(b)(1)(i) through (vi). 
80 FR 41409 at 41426 (July 15, 2015). In the 2015 Federal Register the 
FDIC specified an effective date of October 1, 2015, but did not 
specifically rescind the delayed effective date prescribed in the 2014 
Federal Register. On April 12, 2016, the FDIC issued a correcting 
amendment with respect to Sec.  324.403 but, again, did not 
specifically rescind the delayed effective date prescribed in the 2014 
Federal Register. Because the FDIC did not specifically rescind the 
delayed effective date, when the delayed effective date occurred on 
January 1, 2018, the text of Sec.  324.403(b)(1)(v) reverted to the 
text as it appeared in the 2014 Federal Register. But, because the FDIC 
Board had adopted revisions to the text of Sec.  324.403(b)(1)(v) and 
(vi) in 2015, as illustrated in the 2015 and 2016 Federal Registers, 
the effect, if uncorrected, is that the text of paragraph (v) 
duplicates the text of paragraph (vi).

List of Subjects in 12 CFR Part 324

    Administrative practice and procedure, Banks, Banking, Capital 
adequacy, Reporting and recordkeeping requirements, Savings 
associations, State non-member banks.

12 CFR CHAPTER III

Authority and Issuance

    For the reasons stated in the preamble, the Federal Deposit 
Insurance Corporation amends part 324 of chapter III of Title 12, Code 
of Federal Regulations as follows:

PART 324--CAPITAL ADEQUACY

0
1. The authority citation for part 324 continues to read as follows:

    Authority:  12 U.S.C. 1815(a), 1815(b), 1816, 1818(a), 1818(b), 
1818(c), 1818(t), 1819 (Tenth), 1828(c), 1828(d), 1828(i), 1828(n), 
1828(o), 1831o, 1835, 3907, 3909, 4808; 5371; 5412; Pub. L. 102-233, 
105 Stat. 1761, 1789, 1790 (12 U.S.C. 1831n note); Pub. L. 102-242, 
105 Stat. 2236, 2355, as amended by Pub. L. 103-325, 108 Stat. 2160, 
2233 (12 U.S.C. 1828 note); Pub. L. 102-242, 105 Stat. 2236, 2386, 
as amended by Pub. L. 102-550, 106 Stat. 3672, 4089 (12 U.S.C. 1828 
note); Pub. L. 111-203, 124 Stat. 1376, 1887 (15 U.S.C. 78o-7 note).


0
2. In Sec.  324.403, revise paragraph (b)(1)(v) to read as follows:


Sec.  324.403   Capital measures and capital category definitions.

* * * * *
    (b) * * *
    (1) * * *
    (v) Is not subject to any written agreement, order, capital 
directive, or prompt corrective action directive issued by the FDIC 
pursuant to section 8 of the FDI Act (12 U.S.C. 1818), the 
International Lending Supervision Act of 1983 (12 U.S.C. 3907), or the 
Home Owners' Loan Act (12 U.S.C. 1464(t)(6)(A)(ii)), or section 38 of 
the FDI Act (12 U.S.C. 1831o), or any regulation thereunder, to meet 
and maintain a specific capital level for any capital measure; and
* * * * *

    Dated at Washington, DC, on April 17, 2018.

Federal Deposit Insurance Corporation.
Valerie Best,
Assistant Executive Secretary.
[FR Doc. 2018-08359 Filed 4-20-18; 8:45 am]
 BILLING CODE 6714-01-P
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