Enterprise Capital Requirements, 38085-38086 [2018-16654]

Download as PDF 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 VerDate Sep<11>2014 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 PO 00000 Frm 00013 Fmt 4702 Sfmt 4702 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: http:// 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 http://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 Frm 00014 Fmt 4702 Sfmt 4702 11.43 and 11.45, by any of the following methods: • Federal eRulemaking Portal: Go to http://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 http:// 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 http:// 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]


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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.

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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: http://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 http://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