Sunshine Act Meeting, 19558 [2018-09541]

Download as PDF 19558 Federal Register / Vol. 83, No. 86 / Thursday, May 3, 2018 / Notices from TriStar Bank, notice of which was published in the Federal Register on March 9, 2018. Washington, DC 20548, or call (202) 512–7350. Authority: Federal Advisory Committee Act, Pub. L. 92–463. DATES: Dated: April 30, 2018. Wendy M. Payne, Executive Director. Applicable May 3, 2018. FOR FURTHER INFORMATION CONTACT: James R. Park, Executive Director, at (202) 595–7575, or Alice M. Ritter, General Counsel, at (202) 595–7577, ASC, 1401 H Street NW, Suite 760, Washington, DC 20005. [FR Doc. 2018–09391 Filed 5–2–18; 8:45 am] BILLING CODE 1610–02–P SUPPLEMENTARY INFORMATION: FEDERAL ELECTION COMMISSION I. Background Sunshine Act Meeting TIME AND DATE: Tuesday, May 8, 2018 at 10:00 a.m. PLACE: 1050 First Street NE, Washington, DC STATUS: This meeting will be closed to the public. MATTERS TO BE CONSIDERED: Compliance matters pursuant to 52 U.S.C. 30109. Matters relating to internal personnel decisions, or internal rules and practices. Information the premature disclosure of which would be likely to have a considerable adverse effect on the implementation of a proposed Commission action. Matters concerning participation in civil actions or proceedings or arbitration. * * * * * CONTACT PERSON FOR MORE INFORMATION: Judith Ingram, Press Officer, Telephone: (202) 694–1220. Dayna C. Brown, Secretary and Clerk of the Commission. [FR Doc. 2018–09541 Filed 5–1–18; 4:15 pm] BILLING CODE 6715–01–P FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL [Docket No. AS18–07] Final Order Denying Temporary Waiver Relief Appraisal Subcommittee of the Federal Financial Institutions Examination Council. ACTION: Final Order denying temporary waiver relief. AGENCY: The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council (FFIEC) is issuing a final order denying temporary waiver relief pursuant to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as amended. This order denies a request for temporary waiver relief received sradovich on DSK3GMQ082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 17:29 May 02, 2018 Jkt 244001 A. Relevant statutory provisions and regulations Title XI established the ASC.1 The purpose of Title XI is ‘‘to provide that Federal financial and public policy interests in real estate related transactions will be protected by requiring that real estate appraisals utilized in connection with federally related transactions are performed in writing, in accordance with uniform standards, by individuals whose competency has been demonstrated and whose professional conduct will be subject to effective supervision.’’ 2 Section 1119(b) of Title XI authorizes the ASC to waive, on a temporary basis and with approval of the FFIEC, ‘‘any requirement relating to certification or licensing of a person to perform appraisals under [Title XI] upon a written determination that there is a scarcity of certified or licensed appraisers to perform appraisals in connection with federally related transactions 3 in a State, or in any geographical political subdivision of a State, leading to significant delays in the performance of such appraisals.’’ 4 Congress intended that the ASC exercise this waiver authority ‘‘cautiously.’’ 5 1 The ASC Board is comprised of seven members. Five members are designated by the heads of the FFIEC agencies (Board of Governors of the Federal Reserve System [Board], Bureau of Consumer Financial Protection [Bureau], Federal Deposit Insurance Corporation [FDIC], Office of the Comptroller of the Currency [OCC], and National Credit Union Administration [NCUA]). The other two members are designated by the heads of the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). 2 Title XI § 1101, 12 U.S.C. 3331. 3 ‘‘Federally related transaction’’ (FRT) refers to any real estate related financial transaction which: (a) A federal financial institutions regulatory agency engages in, contracts for, or regulates; and (b) requires the services of an appraiser. (Title XI § 1121 (4), 12 U.S.C. 3350.) 4 12 U.S.C. 3348(b). 5 House Comm. on Banking, Finance and Urban Affairs, Report Together with Additional, Supplemental, Minority, Individual, and Dissenting Views, Financial Institutions Reform, Recovery, and Enforcement Act of 1989, H.R. Rep. No. 101–54 Part 1, 101st Cong., 1st Sess., at 482–83. PO 00000 Frm 00038 Fmt 4703 Sfmt 4703 The ASC has issued procedures 6 governing the processing of temporary waiver requests. After receiving a waiver request, the ASC is required to issue a public notice in the Federal Register requesting comment on the request for a proposed temporary waiver. Within 15 days of the close of the 30-day comment period, the ASC, by order, must grant or deny a waiver, in whole or in part, and upon specified terms or conditions, including provisions for waiver termination. The ASC’s order must respond to comments received, provide reasons for its finding, and be published promptly in the Federal Register. B. Procedural Status On November 20, 2017, the ASC received a letter requesting consideration of a temporary waiver from TriStar Bank, a state-chartered bank located in Dickson, Tennessee (Requester). On November 30, 2017, ASC staff replied by letter to the Requester, in which ASC staff described the information required to file a completed waiver request pursuant to 12 CFR §§ 1102.2 and 1102.3. On January 22, 2018, the Requester submitted additional information (dated January 10, 2018) in response to the ASC’s November 30, 2017 letter. On March 9, 2018, the ASC published a Notice of Received Request for a Temporary Waiver giving interested persons 30 days to submit comments, including submission of written data, views and arguments.7 On April 3, 2018, the Requester submitted correspondence with additional information in response to a comment letter submitted by the Tennessee Real Estate Appraiser Commission (discussed infra). The comment period closed on April 9, 2018. A discussion of the public comments received by the ASC concerning the request for temporary waiver relief follows in Section III below. The ASC called a special meeting to consider this matter on April 23, 2018, and voted to approve the issuance of this final order denying temporary waiver relief. II. Request for a Temporary Waiver The request submitted by the Requester sought temporary waiver relief ‘‘to receive a one-year waiver of the appraisal regulation’s requirements to utilize a certified appraiser. . . . for appraisals completed within the Nashville MSA. . . . mostly in Dickson, Maury, Williamson and Davidson 6 12 7 83 CFR part 1102, subpart A. FR 10480 (March 9, 2018). E:\FR\FM\03MYN1.SGM 03MYN1

Agencies

[Federal Register Volume 83, Number 86 (Thursday, May 3, 2018)]
[Notices]
[Page 19558]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-09541]


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FEDERAL ELECTION COMMISSION


Sunshine Act Meeting

TIME AND DATE: Tuesday, May 8, 2018 at 10:00 a.m.

PLACE: 1050 First Street NE, Washington, DC

STATUS: This meeting will be closed to the public.

MATTERS TO BE CONSIDERED: Compliance matters pursuant to 52 U.S.C. 
30109.
    Matters relating to internal personnel decisions, or internal rules 
and practices.
    Information the premature disclosure of which would be likely to 
have a considerable adverse effect on the implementation of a proposed 
Commission action.
    Matters concerning participation in civil actions or proceedings or 
arbitration.
* * * * *

CONTACT PERSON FOR MORE INFORMATION:  Judith Ingram, Press Officer, 
Telephone: (202) 694-1220.

Dayna C. Brown,
Secretary and Clerk of the Commission.
[FR Doc. 2018-09541 Filed 5-1-18; 4:15 pm]
BILLING CODE 6715-01-P
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