Community Reinvestment Act Regulations (Regulation BB); Correction, 13805 [2021-05085]

Download as PDF 13805 Rules and Regulations Federal Register Vol. 86, No. 46 Thursday, March 11, 2021 This section of the FEDERAL REGISTER contains regulatory documents having general applicability and legal effect, most of which are keyed to and codified in the Code of Federal Regulations, which is published under 50 titles pursuant to 44 U.S.C. 1510. The Code of Federal Regulations is sold by the Superintendent of Documents. FEDERAL RESERVE SYSTEM List of Subjects in 12 CFR Part 228 12 CFR Part 228 Banks, banking, Community development, Credit, Investments, Reporting and recordkeeping requirements. [Docket No. R–1735] RIN 7100–AG05 Community Reinvestment Act Regulations (Regulation BB); Correction Authority and Issuance Board of Governors of the Federal Reserve System. ACTION: Correcting amendment(s). On December 23, 2020, the Board of Governors of the Federal Reserve System (Board) published final asset threshold adjustments to Regulation BB, which implements the Community Investment Act (CRA). The Board is correcting a typographical error in the regulatory text adjusting the assetsize threshold for Board-supervised intermediate small banks. DATES: Effective March 11, 2021. FOR FURTHER INFORMATION CONTACT: Amal S. Patel, Counsel, (202) 912–7879, or Cathy Gates, Senior Project Manager, (202) 452–2099, Division of Consumer and Community Affairs; or Gavin L. Smith, Senior Counsel, (202) 452–3474, Legal Division. SUPPLEMENTARY INFORMATION: The Board is correcting an error in the Regulation BB regulatory text of the CRA final rule published on December 23, 2020 (85 FR 83747). In the SUPPLEMENTARY INFORMATION of the CRA final rule, the Board and the FDIC correctly indicated that beginning January 1, 2021, banks that, as of December 31 of either of the prior two calendar years, had assets of less than $1.322 billion are small banks and that small banks with assets of at least $330 million as of December 31 of both of the prior two calendar years and less than $1.322 billion as of December 31 of either of the prior two calendar years are intermediate small banks. However, due to an inadvertent typographical error, the text of the Board’s Regulation BB SUMMARY: VerDate Sep<11>2014 16:13 Mar 10, 2021 Jkt 253001 PART 228—COMMUNITY REINVESTMENT (REGULATION BB) 1. The authority citation for part 228 continues to read as follows: ■ Authority: 12 U.S.C. 321, 325, 1828(c), 1842, 1843, 1844, and 2901 et seq. 2. In § 228.12, revise paragraph (u)(1) to read as follows: ■ § 228.12 Definitions. * * * * * (u) * * * (1) Definition. Small bank means a bank that, as of December 31 of either of the prior two calendar years, had assets of less than $1.322 billion. Intermediate small bank means a small bank with assets of at least $330 million as of December 31 of both of the prior two calendar years and less than $1.322 billion as of December 31 of either of the prior two calendar years. * * * * * By order of the Board of Governors of the Federal Reserve System, acting through the Secretary of the Board under delegated authority. Ann Misback, Secretary of the Board. [FR Doc. 2021–05085 Filed 3–10–21; 8:45 am] BILLING CODE P PO 00000 DEPARTMENT OF TRANSPORTATION Federal Aviation Administration 14 CFR Part 39 [Docket No. FAA–2020–0974; Project Identifier MCAI–2020–00273–R; Amendment 39–21392; AD 2021–02–09] RIN 2120–AA64 Airworthiness Directives; Airbus Helicopters Federal Aviation Administration (FAA), DOT. ACTION: Final rule. AGENCY: The FAA is adopting a new airworthiness directive (AD) for all Airbus Helicopters Model EC 155B and EC155B1 helicopters. This AD was prompted by a report that nondestructive tests of the main gearbox (MGB) housing may have been evaluated incorrectly during production. This AD requires replacing affected MGBs with serviceable MGBs, as specified in a European Union Aviation Safety Agency (EASA) AD, which is incorporated by reference. The FAA is issuing this AD to address the unsafe condition on these products. DATES: This AD is effective April 15, 2021. The Director of the Federal Register approved the incorporation by reference of a certain publication listed in this AD as of April 15, 2021. ADDRESSES: For material incorporated by reference (IBR) in this AD, contact the EASA, Konrad-Adenauer-Ufer 3, 50668 Cologne, Germany; telephone +49 221 8999 000; email ADs@ easa.europa.eu; internet www.easa.europa.eu. You may find this material on the EASA website at https:// ad.easa.europa.eu. You may view this material at the FAA, Office of the Regional Counsel, Southwest Region, 10101 Hillwood Pkwy., Room 6N–321, Fort Worth, TX 76177. For information on the availability of this material at the FAA, call 817–222–5110. It is also available in the AD docket on the internet at https://www.regulations.gov by searching for and locating Docket No. FAA–2020–0974. SUMMARY: For the reasons set forth in the SUPPLEMENTARY INFORMATION the Board corrects 12 CFR part 228 as follows: AGENCY: khammond on DSKJM1Z7X2PROD with RULES incorrectly specified the lower-end of the asset-size range for intermediate small banks. Accordingly, the Board is issuing this notification to correct the regulatory text so that it includes the correct asset-size range for intermediate small banks, as described in the SUPPLEMENTARY INFORMATION of the CRA final rule. Examining the AD Docket You may examine the AD docket on the internet at https:// www.regulations.gov by searching for Frm 00001 Fmt 4700 Sfmt 4700 E:\FR\FM\11MRR1.SGM 11MRR1

Agencies

FEDERAL RESERVE SYSTEM

[Federal Register Volume 86, Number 46 (Thursday, March 11, 2021)]
[Rules and Regulations]
[Page 13805]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-05085]



========================================================================
Rules and Regulations
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains regulatory documents 
having general applicability and legal effect, most of which are keyed 
to and codified in the Code of Federal Regulations, which is published 
under 50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by the Superintendent of Documents. 

========================================================================


Federal Register / Vol. 86, No. 46 / Thursday, March 11, 2021 / Rules 
and Regulations

[[Page 13805]]



FEDERAL RESERVE SYSTEM

12 CFR Part 228

[Docket No. R-1735]
RIN 7100-AG05


Community Reinvestment Act Regulations (Regulation BB); 
Correction

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Correcting amendment(s).

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

SUMMARY: On December 23, 2020, the Board of Governors of the Federal 
Reserve System (Board) published final asset threshold adjustments to 
Regulation BB, which implements the Community Investment Act (CRA). The 
Board is correcting a typographical error in the regulatory text 
adjusting the asset-size threshold for Board-supervised intermediate 
small banks.

DATES: Effective March 11, 2021.

FOR FURTHER INFORMATION CONTACT: Amal S. Patel, Counsel, (202) 912-
7879, or Cathy Gates, Senior Project Manager, (202) 452-2099, Division 
of Consumer and Community Affairs; or Gavin L. Smith, Senior Counsel, 
(202) 452-3474, Legal Division.

SUPPLEMENTARY INFORMATION: The Board is correcting an error in the 
Regulation BB regulatory text of the CRA final rule published on 
December 23, 2020 (85 FR 83747).
    In the SUPPLEMENTARY INFORMATION of the CRA final rule, the Board 
and the FDIC correctly indicated that beginning January 1, 2021, banks 
that, as of December 31 of either of the prior two calendar years, had 
assets of less than $1.322 billion are small banks and that small banks 
with assets of at least $330 million as of December 31 of both of the 
prior two calendar years and less than $1.322 billion as of December 31 
of either of the prior two calendar years are intermediate small banks. 
However, due to an inadvertent typographical error, the text of the 
Board's Regulation BB incorrectly specified the lower-end of the asset-
size range for intermediate small banks. Accordingly, the Board is 
issuing this notification to correct the regulatory text so that it 
includes the correct asset-size range for intermediate small banks, as 
described in the SUPPLEMENTARY INFORMATION of the CRA final rule.

List of Subjects in 12 CFR Part 228

    Banks, banking, Community development, Credit, Investments, 
Reporting and recordkeeping requirements.

Authority and Issuance

    For the reasons set forth in the SUPPLEMENTARY INFORMATION the 
Board corrects 12 CFR part 228 as follows:

PART 228--COMMUNITY REINVESTMENT (REGULATION BB)

0
1. The authority citation for part 228 continues to read as follows:

    Authority:  12 U.S.C. 321, 325, 1828(c), 1842, 1843, 1844, and 
2901 et seq.


0
2. In Sec.  228.12, revise paragraph (u)(1) to read as follows:


Sec.  228.12   Definitions.

* * * * *
    (u) * * *
    (1) Definition. Small bank means a bank that, as of December 31 of 
either of the prior two calendar years, had assets of less than $1.322 
billion. Intermediate small bank means a small bank with assets of at 
least $330 million as of December 31 of both of the prior two calendar 
years and less than $1.322 billion as of December 31 of either of the 
prior two calendar years.
* * * * *

    By order of the Board of Governors of the Federal Reserve 
System, acting through the Secretary of the Board under delegated 
authority.
Ann Misback,
Secretary of the Board.
[FR Doc. 2021-05085 Filed 3-10-21; 8:45 am]
BILLING CODE P

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