Mutual Savings Association Advisory Committee, 34800 [2020-12347]

Download as PDF 34800 Federal Register / Vol. 85, No. 110 / Monday, June 8, 2020 / Notices understand the impact/risks/benefits of mandating a CDFI repurchase or redeem CDFI Fund equity investments at a specific future date. 3. How does your organization determine the value of equity shares on its balance sheet? 4. What is your policy for redeeming or repurchasing equity from shareholders? 5. What is your preferred schedule for redeeming or repurchasing equity from shareholders? Is your schedule to return equity to shareholders based on percentages of shares or specific deadlines? Authority: 12 U.S.C. 4701 et seq.; 12 CFR 1805. II. CDFI Fund Control Restriction AGENCY: 1. The Riegle Act requires that the CDFI Fund may not own more than fifty percent (50%) equity in a CDFI. a. How frequently does your organization assess the percent of equity controlled by all shareholders, including the CDFI Fund? b. Are there specific policies and procedures CDFIs should have in place for ensuring that the CDFI Fund does not own more than fifty percent (50%) of the organization’s equity? If so, what are they? 2. A possible solution for reducing the percentage of CDFI Fund ownership to below fifty percent (50%) would be for an organization to issue more equity. What other ways can CDFIs reduce the percentage of CDFI Fund ownership? 3. What factors should the CDFI Fund consider if it were to require CDFIs to repurchase or redeem shares versus increasing the number of shares? 4. Are there any other factors the CDFI Fund should consider when evaluating compliance with the CDFI Fund Control restriction? khammond on DSKJM1Z7X2PROD with NOTICES III. CDFI Fund Investment Exit Strategy 1. In general, what impact does repurchasing or redeeming CDFI Fund equity shares have on the mission and business model of a CDFI? 2. What are the primary considerations the CDFI Fund should consider when developing an equity strategy including an exit strategy? 3. What is a typical or reasonable exit strategy for equity investments in CDFIs? Is there a minimum amount of time the CDFI Fund should hold an equity investment in a CDFI? 4. Are there any other factors the CDFI Fund should consider when developing an Investment Exit Strategy? VerDate Sep<11>2014 17:09 Jun 05, 2020 Jkt 250001 Jodie L. Harris, Director, Community Development Financial Institutions Fund. [FR Doc. 2020–12339 Filed 6–5–20; 8:45 am] BILLING CODE 4810–70–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Brian P. Brooks, Acting Comptroller of the Currency. [Docket ID OCC–2020–0022] Mutual Savings Association Advisory Committee Office of the Comptroller of the Currency (OCC), Department of the Treasury. ACTION: Notice of Federal Advisory Committee meeting. The OCC announces a meeting of the Mutual Savings Association Advisory Committee (MSAAC). SUMMARY: A public meeting of the MSAAC will be held on Monday, June 29, 2020, via webinar, beginning at 1:00 p.m. Eastern Daylight Time (EDT). ADDRESSES: The OCC will hold the June 29, 2020 meeting of the MSAAC via webinar. DATES: FOR FURTHER INFORMATION CONTACT: Michael R. Brickman, Deputy Comptroller for Thrift Supervision, (202) 649–5420, Office of the Comptroller of the Currency, Washington, DC 20219. SUPPLEMENTARY INFORMATION: By this notice, the OCC is announcing that the MSAAC will convene a meeting on Monday, June 29, 2020, via webinar. The meeting is open to the public and will begin at 1:00 p.m. EDT. The purpose of the meeting is for the MSAAC to advise the OCC on regulatory or other changes the OCC may make to ensure the health and viability of mutual savings associations. The agenda includes a discussion of current topics of interest to the industry. Members of the public may submit written statements to the MSAAC. The OCC must receive written statements no later than 5:00 p.m. EDT on Monday, June 22, 2020. Members of the public may submit written statements to MSAAC@occ.treas.gov. Members of the public who plan to attend the meeting via webinar should contact the OCC by 5:00 p.m. EDT on Monday, June 22, 2020, to inform the OCC of their desire to attend the meeting and to obtain information about PO 00000 Frm 00101 Fmt 4703 Sfmt 4703 participating in the meeting. Members of the public may contact the OCC via email at MSAAC@OCC.treas.gov or by telephone at (202) 649–5420. Members of the public who are hearing impaired should call (202) 649–5597 (TTY) by 5:00 p.m. EDT on Monday, June 22, 2020, to arrange auxiliary aids for this meeting. Attendees should provide their full name, email address, and organization, if any. [FR Doc. 2020–12347 Filed 6–5–20; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Internal Revenue Service Open Meeting of the Taxpayer Advocacy Panel Taxpayer Communications Project Committee Internal Revenue Service (IRS), Treasury. AGENCY: ACTION: Notice of meeting. An open meeting of the Taxpayer Advocacy Panel’s Taxpayer Communications Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service. SUMMARY: The meeting will be held Tuesday, July 14, 2020. DATES: FOR FURTHER INFORMATION CONTACT: Cedric Jeans at 1–888–912–1227 or 901– 707–3935. Notice is hereby given pursuant to Section 10(a)(2) of the Federal Advisory Committee Act, 5 U.S.C. App. (1988) that a meeting of the Taxpayer Advocacy Panel Taxpayer Communications Project Committee will be held Tuesday, July 14, 2020, at 12:00 p.m. Eastern Time. The public is invited to make oral comments or submit written statements for consideration. Due to limited time and structure of meeting, notification of intent to participate must be made with Cedric Jeans. For more information please contact Cedric Jeans at 1–888–912–1227 or 901–707–3935, or write TAP Office, 5333 Getwell Road, Memphis, TN 38118 or contact us at the website: https:// www.improveirs.org. The agenda will include various IRS issues. SUPPLEMENTARY INFORMATION: E:\FR\FM\08JNN1.SGM 08JNN1

Agencies

[Federal Register Volume 85, Number 110 (Monday, June 8, 2020)]
[Notices]
[Page 34800]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-12347]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

[Docket ID OCC-2020-0022]


Mutual Savings Association Advisory Committee

AGENCY: Office of the Comptroller of the Currency (OCC), Department of 
the Treasury.

ACTION: Notice of Federal Advisory Committee meeting.

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SUMMARY: The OCC announces a meeting of the Mutual Savings Association 
Advisory Committee (MSAAC).

DATES: A public meeting of the MSAAC will be held on Monday, June 29, 
2020, via webinar, beginning at 1:00 p.m. Eastern Daylight Time (EDT).

ADDRESSES: The OCC will hold the June 29, 2020 meeting of the MSAAC via 
webinar.

FOR FURTHER INFORMATION CONTACT: Michael R. Brickman, Deputy 
Comptroller for Thrift Supervision, (202) 649-5420, Office of the 
Comptroller of the Currency, Washington, DC 20219.

SUPPLEMENTARY INFORMATION: By this notice, the OCC is announcing that 
the MSAAC will convene a meeting on Monday, June 29, 2020, via webinar. 
The meeting is open to the public and will begin at 1:00 p.m. EDT. The 
purpose of the meeting is for the MSAAC to advise the OCC on regulatory 
or other changes the OCC may make to ensure the health and viability of 
mutual savings associations. The agenda includes a discussion of 
current topics of interest to the industry.
    Members of the public may submit written statements to the MSAAC. 
The OCC must receive written statements no later than 5:00 p.m. EDT on 
Monday, June 22, 2020. Members of the public may submit written 
statements to [email protected].
    Members of the public who plan to attend the meeting via webinar 
should contact the OCC by 5:00 p.m. EDT on Monday, June 22, 2020, to 
inform the OCC of their desire to attend the meeting and to obtain 
information about participating in the meeting. Members of the public 
may contact the OCC via email at [email protected] or by telephone at 
(202) 649-5420. Members of the public who are hearing impaired should 
call (202) 649-5597 (TTY) by 5:00 p.m. EDT on Monday, June 22, 2020, to 
arrange auxiliary aids for this meeting.
    Attendees should provide their full name, email address, and 
organization, if any.

Brian P. Brooks,
Acting Comptroller of the Currency.
[FR Doc. 2020-12347 Filed 6-5-20; 8:45 am]
 BILLING CODE 4810-33-P

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