Enterprise Capital Requirements, 38085-38086 [2018-16654]
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amozie on DSK3GDR082PROD with PROPOSALS1
Federal Register / Vol. 83, No. 150 / Friday, August 3, 2018 / Proposed Rules
document will also provide penalty
amounts that generally may be assessed
for institutions with less than
$25,000,000 in assets.
(iii) Lengthy or repeated violations.
The amounts set forth in this paragraph
(e)(1) will be assessed on a case-by-case
basis where the amount of time of the
institution’s delinquency is lengthy or
the institution has been delinquent
repeatedly in making or publishing its
Call Reports.
(iv) Waiver. Absent extraordinary
circumstances outside the control of the
institution, penalties assessed for late
filing shall not be waived.
(2) Late-filing—Tier Two penalties.
Where an institution fails to make or
publish its Call Report within the
appropriate time period, the Board of
Directors or its designee may assess a
Tier Two civil money penalty for each
day the failure continues. The amount
of such a penalty will not exceed the
maximum amount calculated and
published annually in the Federal
Register under paragraph (d)(2) of this
section.
(3) False or misleading reports or
information—(i) Tier One penalties. In
cases in which an institution submits or
publishes any false or misleading Call
Report or information, the Board of
Directors or its designee may assess a
Tier One civil money penalty for each
day the information is not corrected,
where the institution maintains
procedures in place reasonably adapted
to avoid inadvertent error and the
violation occurred unintentionally and
as a result of such error, or where the
institution inadvertently transmits a
Call Report or information that is false
or misleading. The amount of such a
penalty will not exceed the maximum
amount calculated and published
annually in the Federal Register under
paragraph (d)(2) of this section.
(ii) Tier Two penalties. Where an
institution submits or publishes any
false or misleading Call Report or other
information, the Board of Directors or its
designee may assess a Tier Two civil
money penalty for each day the
information is not corrected. The
amount of such a penalty will not
exceed the maximum amount calculated
and published annually in the Federal
Register under paragraph (d)(2) of this
section.
(iii) Tier Three penalties. Where an
institution knowingly or with reckless
disregard for the accuracy of any Call
Report or information submits or
publishes any false or misleading Call
Report or other information, the Board
of Directors or its designee may assess
a Tier Three civil money penalty for
each day the information is not
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18:01 Aug 02, 2018
Jkt 244001
corrected. The penalty shall not exceed
the lesser of 1 percent of the
institution’s total assets per day or the
amount calculated and published
annually in the Federal Register under
paragraph (d)(2) of this section.
(4) Mitigating factors. The amounts set
forth in paragraphs (e)(1) through (3) of
this section may be reduced based upon
the factors set forth in paragraph (b) of
this section.
■ 4. Amend § 308.502 by revising
paragraphs (a)(6) and (b)(4) to read as
follows:
§ 308.502 Basis for civil penalties and
assessments.
(a) * * *
(6) The amount of any penalty
assessed under paragraph (a)(1) of this
section will be adjusted for inflation in
accordance with section 308.132(d) of
this part.
*
*
*
*
*
(b) * * *
(4) The amount of any penalty
assessed under paragraph (a)(1) of this
section will be adjusted for inflation in
accordance with section 308.132(d) of
this part.
*
*
*
*
*
■ 5. Amend § 308.530 by revising
paragraph (d) to read as follows:
§ 308.530 Determining the amount of
penalties and assessments.
*
*
*
*
*
(d) Civil money penalties that are
assessed under this subpart are subject
to annual adjustments to account for
inflation as required by the Federal Civil
Penalties Inflation Adjustment Act
Improvements Act of 2015 (Pub. L. 114–
74, sec. 701, 129 Stat. 584) (see also 12
CFR 308.132(d)).
6. The authority citation for part 327
continues to read as follows:
■
Authority: 12 U.S.C. 1441, 1813, 1815,
1817–19, 1821.
*
*
*
*
*
7. Amend § 327.3 by revising
paragraph (c) to read as follows:
■
§ 327.3
Payment of assessments.
*
*
*
*
*
(c) Necessary action, sufficient
funding by institution. Each insured
depository institution shall take all
actions necessary to allow the
Corporation to debit assessments from
the insured depository institution’s
designated deposit account. Each
insured depository institution shall,
prior to each payment date indicated in
paragraph (b)(2) of this section, ensure
that funds in an amount at least equal
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to the amount on the quarterly certified
statement invoice are available in the
designated account for direct debit by
the Corporation. Failure to take any
such action or to provide such funding
of the account shall be deemed to
constitute nonpayment of the
assessment. Penalties for failure to
timely pay assessments will be
calculated and published in accordance
with 12 CFR 308.132(d).
*
*
*
*
*
Dated at Washington, DC, on July 19, 2018.
By order of the Board of Directors.
Federal Deposit Insurance Corporation.
Valerie Best,
Assistant Executive Secretary.
[FR Doc. 2018–16548 Filed 8–2–18; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL HOUSING FINANCE
AGENCY
12 CFR Parts 1206 and 1240
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
Office of Federal Housing Enterprise
Oversight
12 CFR Part 1750
RIN 2590–AA95
Enterprise Capital Requirements
Federal Housing Finance
Agency; Office of Federal Housing
Enterprise Oversight; Department of
Housing and Urban Development.
ACTION: Notice of proposed rulemaking;
extension of comment period.
AGENCY:
On July 17, 2018, the Federal
Housing Finance Agency (FHFA)
published in the Federal Register a
notice of proposed rulemaking for
public comment that proposes a new
regulatory capital framework for the
Federal National Mortgage Association
(Fannie Mae) and the Federal Home
Loan Mortgage Corporation (Freddie
Mac). The comment period was set to
expire on September 17, 2018. This
notice extends the comment period by
an additional 60 days to allow the
public additional time to comment on
the proposed rule.
DATES: The comment period for the
proposed rule published at 83 FR 33312
(July 17, 2018) is extended. Written
comments must be received on or before
November 16, 2018.
ADDRESSES: You may submit your
comments on the proposed rule,
identified by regulatory information
SUMMARY:
PART 327—ASSESSMENTS
38085
E:\FR\FM\03AUP1.SGM
03AUP1
38086
Federal Register / Vol. 83, No. 150 / Friday, August 3, 2018 / Proposed Rules
amozie on DSK3GDR082PROD with PROPOSALS1
number (RIN) 2590–AA95, by any one
of the following methods:
• Agency website: 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
timely receipt by FHFA. Include the
following information in the subject line
of your submission: Comments/RIN
2590–AA95.
• Hand Delivered/Courier: The hand
delivery address is: Alfred M. Pollard,
General Counsel, Attention: Comments/
RIN 2590–AA95, Federal Housing
Finance Agency, Eighth Floor, 400
Seventh Street SW, Washington, DC
20219. Deliver the package at the
Seventh Street entrance Guard Desk,
First Floor, on business days between 9
a.m. and 5 p.m.
• U.S. Mail, United Parcel Service,
Federal Express, or Other Mail Service:
The mailing address for comments is:
Alfred M. Pollard, General Counsel,
Attention: Comments/RIN 2590–AA95,
Federal Housing Finance Agency,
Eighth Floor, 400 Seventh Street SW,
Washington, DC 20219. Please note that
all mail sent to FHFA via U.S. Mail is
routed through a national irradiation
facility, a process that may delay
delivery by approximately two weeks.
For any time-sensitive correspondence,
please plan accordingly.
FOR FURTHER INFORMATION CONTACT: Naa
Awaa Tagoe, Senior Associate Director,
Office of Financial Analysis, Modeling
& Simulations, (202) 649–3140,
NaaAwaa.Tagoe@fhfa.gov; Andrew
Varrieur, Associate Director, Office of
Financial Analysis, Modeling &
Simulations, (202) 649–3141,
Andrew.Varrieur@fhfa.gov; or Miriam
Smolen, Associate General Counsel,
Office of General Counsel, (202) 649–
3182, Miriam.Smolen@fhfa.gov. These
are not toll-free numbers. The mailing
address is: Federal Housing Finance
Agency, 400 Seventh Street SW,
Washington, DC 20219. The telephone
number for the Telecommunications
Device for the Hearing Impaired is (800)
877–8339.
SUPPLEMENTARY INFORMATION:
Comments
FHFA invites comments on all aspects
of the proposed rule and will take all
comments into consideration before
issuing a final rule. Copies of all
comments will be posted without
change, and will include any personal
information you provide such as your
VerDate Sep<11>2014
18:01 Aug 02, 2018
Jkt 244001
name, address, email address, and
telephone number, on the FHFA website
at https://www.fhfa.gov. In addition,
copies of all comments received will be
available for examination by the public
through the electronic rulemaking
docket for this proposed rule also
located on the FHFA website.
Background
On July 17, 2018, FHFA published in
the Federal Register a proposed rule
proposing a new regulatory capital
framework for Fannie Mae and Freddie
Mac which includes a new framework
for risk-based capital requirements and
two alternatives for an updated
minimum leverage capital requirement.
See 83 FR 33312. The comment period
for the proposed rule was originally set
to expire on September 17, 2018. FHFA
is extending the comment period an
additional 60 days, changing the
deadline for submitting comments to
November 16, 2018.
Dated: July 30, 2018.
Melvin L. Watt,
Director, Federal Housing Finance Agency.
[FR Doc. 2018–16654 Filed 8–2–18; 8:45 am]
BILLING CODE 8070–01–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 39
[Docket No. FAA–2018–0633; Product
Identifier 2018–NE–22–AD]
RIN 2120–AA64
Airworthiness Directives; General
Electric Company Turbofan Engines
Federal Aviation
Administration (FAA), DOT.
ACTION: Notice of proposed rulemaking
(NPRM).
AGENCY:
We propose to adopt a new
airworthiness directive (AD) for certain
General Electric Company (GE) GEnx–
2B67, –2B67B, and –2B67/P turbofan
engines. This proposed AD was
prompted by low-cycle fatigue (LCF)
cracking of the fuel manifold leading to
an engine fire. This proposed AD would
require removal from service of certain
fuel manifolds at the next engine shop
visit and their replacement with parts
eligible for installation. We are
proposing this AD to address the unsafe
condition on these products.
DATES: We must receive comments on
this proposed AD by September 17,
2018.
ADDRESSES: You may send comments,
using the procedures found in 14 CFR
SUMMARY:
PO 00000
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11.43 and 11.45, by any of the following
methods:
• Federal eRulemaking Portal: Go to
https://www.regulations.gov. Follow the
instructions for submitting comments.
• Fax: 202–493–2251.
• Mail: U.S. Department of
Transportation, Docket Operations, M–
30, West Building Ground Floor, Room
W12–140, 1200 New Jersey Avenue SE,
Washington, DC 20590.
• Hand Delivery: Deliver to Mail
address above between 9 a.m. and 5
p.m., Monday through Friday, except
Federal holidays.
For service information identified in
this NPRM, contact General Electric
Company, GE Aviation, Room 285, 1
Neumann Way, Cincinnati, OH 45215;
phone: 513–552–3272; email: geae.aoc@
ge.com. You may view this service
information at the FAA, Engine and
Propeller Standards Branch, 1200
District Avenue, Burlington, MA 01803.
For information on the availability of
this material at the FAA, call 781–238–
7759.
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–
0633; 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 NPRM, the
regulatory evaluation, any comments
received, and other information. The
street address for Docket Operations
(phone: 800–647–5527) is listed above.
Comments will be available in the AD
docket shortly after receipt.
FOR FURTHER INFORMATION CONTACT:
Herman Mak, Aerospace Engineer, ECO
Branch, FAA, 1200 District Ave.,
Burlington, MA 01803; phone: 781–
238–7147; fax: 781–238–7199; email:
herman.mak@faa.gov.
SUPPLEMENTARY INFORMATION:
Comments Invited
We invite you to send any written
relevant data, views, or arguments about
this proposal. Send your comments to
an address listed under the ADDRESSES
section. Include ‘‘Docket No. FAA–
2018–0633; Product Identifier 2018–
NE–22–AD’’ at the beginning of your
comments. We specifically invite
comments on the overall regulatory,
economic, environmental, and energy
aspects of this NPRM. We will consider
all comments received by the closing
date and may amend this NPRM
because of those comments.
We will post all comments we
receive, without change, to https://
E:\FR\FM\03AUP1.SGM
03AUP1
]]>Agencies
[Federal Register Volume 83, Number 150 (Friday, August 3, 2018)]
[Proposed Rules]
[Pages 38085-38086]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-16654]
-----------------------------------------------------------------------
FEDERAL HOUSING FINANCE AGENCY
12 CFR Parts 1206 and 1240
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Office of Federal Housing Enterprise Oversight
12 CFR Part 1750
RIN 2590-AA95
Enterprise Capital Requirements
AGENCY: Federal Housing Finance Agency; Office of Federal Housing
Enterprise Oversight; Department of Housing and Urban Development.
ACTION: Notice of proposed rulemaking; extension of comment period.
-----------------------------------------------------------------------
SUMMARY: On July 17, 2018, the Federal Housing Finance Agency (FHFA)
published in the Federal Register a notice of proposed rulemaking for
public comment that proposes a new regulatory capital framework for the
Federal National Mortgage Association (Fannie Mae) and the Federal Home
Loan Mortgage Corporation (Freddie Mac). The comment period was set to
expire on September 17, 2018. This notice extends the comment period by
an additional 60 days to allow the public additional time to comment on
the proposed rule.
DATES: The comment period for the proposed rule published at 83 FR
33312 (July 17, 2018) is extended. Written comments must be received on
or before November 16, 2018.
ADDRESSES: You may submit your comments on the proposed rule,
identified by regulatory information
[[Page 38086]]
number (RIN) 2590-AA95, by any one of the following methods:
Agency website: 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 [email protected] to ensure timely receipt by FHFA.
Include the following information in the subject line of your
submission: Comments/RIN 2590-AA95.
Hand Delivered/Courier: The hand delivery address is:
Alfred M. Pollard, General Counsel, Attention: Comments/RIN 2590-AA95,
Federal Housing Finance Agency, Eighth Floor, 400 Seventh Street SW,
Washington, DC 20219. Deliver the package at the Seventh Street
entrance Guard Desk, First Floor, on business days between 9 a.m. and 5
p.m.
U.S. Mail, United Parcel Service, Federal Express, or
Other Mail Service: The mailing address for comments is: Alfred M.
Pollard, General Counsel, Attention: Comments/RIN 2590-AA95, Federal
Housing Finance Agency, Eighth Floor, 400 Seventh Street SW,
Washington, DC 20219. Please note that all mail sent to FHFA via U.S.
Mail is routed through a national irradiation facility, a process that
may delay delivery by approximately two weeks. For any time-sensitive
correspondence, please plan accordingly.
FOR FURTHER INFORMATION CONTACT: Naa Awaa Tagoe, Senior Associate
Director, Office of Financial Analysis, Modeling & Simulations, (202)
649-3140, [email protected]; Andrew Varrieur, Associate Director,
Office of Financial Analysis, Modeling & Simulations, (202) 649-3141,
[email protected]; or Miriam Smolen, Associate General Counsel,
Office of General Counsel, (202) 649-3182, [email protected].
These are not toll-free numbers. The mailing address is: Federal
Housing Finance Agency, 400 Seventh Street SW, Washington, DC 20219.
The telephone number for the Telecommunications Device for the Hearing
Impaired is (800) 877-8339.
SUPPLEMENTARY INFORMATION:
Comments
FHFA invites comments on all aspects of the proposed rule and will
take all comments into consideration before issuing a final rule.
Copies of all comments will be posted without change, and will include
any personal information you provide such as your name, address, email
address, and telephone number, on the FHFA website at https://www.fhfa.gov. In addition, copies of all comments received will be
available for examination by the public through the electronic
rulemaking docket for this proposed rule also located on the FHFA
website.
Background
On July 17, 2018, FHFA published in the Federal Register a proposed
rule proposing a new regulatory capital framework for Fannie Mae and
Freddie Mac which includes a new framework for risk-based capital
requirements and two alternatives for an updated minimum leverage
capital requirement. See 83 FR 33312. The comment period for the
proposed rule was originally set to expire on September 17, 2018. FHFA
is extending the comment period an additional 60 days, changing the
deadline for submitting comments to November 16, 2018.
Dated: July 30, 2018.
Melvin L. Watt,
Director, Federal Housing Finance Agency.
[FR Doc. 2018-16654 Filed 8-2-18; 8:45 am]
BILLING CODE 8070-01-P
