Orders: Reporting by Regulated Entities of Stress Testing Results as of December 31, 2020; Summary Instructions and Guidance, 18431-18432 [2021-07345]
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Federal Register / Vol. 86, No. 67 / Friday, April 9, 2021 / Rules and Regulations
the length of time provided by the court
order.
(i) Employee requests. In connection
with any request by an employee,
former employee, or applicant for
employment, for records for use in
prosecuting a grievance or complaint of
discrimination against the Committee,
fees shall be waived where the total
charges (including charges for
information provided under the Privacy
Act of 1974 (5 U.S.C. 552a)) are $50 or
less; but the Committee may waive fees
in excess of that amount.
18431
(j) Special services. The Committee
may agree to provide, and set fees to
recover the costs of, special services not
covered by the FOIA, such as certifying
records or information and sending
records by special methods such as
express mail or overnight delivery.
TABLE 1 TO § 271.16—FEES
Type of requester
Search costs per hour
Review costs per hour
Commercial .................................
Clerical/Technical staff, $20 .......
Professional/Supervisory staff,
$40.
Manager/Senior professional
staff, $65.
Computer search, including
computer search time, output,
operator’s salary, Direct Costs.
Costs waived ..............................
Clerical/Technical staff, $20 .......
Professional/Supervisory staff,
$40.
Manager/Senior professional
staff, $65.
Photocopy per standard page, .10.
Other types of duplication, Direct
Costs.
Costs waived ..............................
First 100 pages free, then:
Photocopy per standard page, .10.
Other types of duplication, Direct
Costs.
First 100 pages free, then:
Photocopy per standard page, .10.
Other types of duplication, Direct
Costs.
Educational; or Non-commercial
scientific; or News media.
All other requesters .....................
First 2 hours free, then: ............. Costs waived ..............................
Clerical/Technical staff, $20
Professional/Supervisory staff,
$40.
Manager/Senior professional
staff, $65.
Computer search, including
computer search time, output,
operator’s salary, Direct Costs.
Subpart C—Subpoenas, Orders
Compelling Production, and Other
Process
§ 271.20 Subpoenas, orders compelling
production, and other process.
(a) Advice by person served. Any
person, whether or not an officer or
employee of the Committee, of the
Board, or of a Federal Reserve Bank,
who is served with a subpoena, order,
or other judicial or administrative
process requiring the production of
exempt information of the Committee or
requiring the person’s testimony
regarding such Committee information
in any proceeding, shall:
(1) Promptly inform the Committee’s
General Counsel of the service and all
relevant facts, including the documents,
information, or testimony demanded,
and any facts relevant to the Committee
in determining whether the material
requested should be made available;
(2) Inform the entity issuing the
process of the substance of this part; and
(3) At the appropriate time, inform the
court or tribunal that issued the process
of the substance of this part.
(b) Appearance by person served.
Unless authorized by the Committee or
as ordered by a Federal court in a
judicial proceeding in which the
Committee has had the opportunity to
appear and oppose discovery, any
person who is required to respond to a
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22:03 Apr 08, 2021
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subpoena or other legal process
concerning exempt Committee
information shall attend at the time and
place required and respectfully decline
to disclose or to give any testimony with
respect to the information, basing such
refusal upon the provisions of this part.
If the court or other body orders the
disclosure of the information or the
giving of testimony, the person having
the information shall continue to
decline to disclose such information
and shall promptly report the facts to
the Committee for such action as the
Committee may deem appropriate.
Federal Open Market Committee.
Matthew M. Luecke,
Deputy Secretary of the Committee.
[FR Doc. 2021–06912 Filed 4–8–21; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL HOUSING FINANCE
AGENCY
12 CFR Part 1238
[No. 2021–N–5]
Orders: Reporting by Regulated
Entities of Stress Testing Results as of
December 31, 2020; Summary
Instructions and Guidance
AGENCY:
Federal Housing Finance
Agency.
PO 00000
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Fmt 4700
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Duplication costs
ACTION:
Orders.
In this document, the Federal
Housing Finance Agency (FHFA)
provides notice that it issued Orders,
dated March 15, 2021, with respect to
stress test reporting as of December 31,
2020, under the Dodd-Frank Wall Street
Reform and Consumer Protection Act
(Dodd-Frank Act), as amended by the
Economic Growth, Regulatory Relief,
and Consumer Protection Act
(EGRRCPA). Summary Instructions and
Guidance accompanied the Orders to
provide testing scenarios.
DATES: Each Order is applicable March
15, 2021.
FOR FURTHER INFORMATION CONTACT: Naa
Awaa Tagoe, Principal Associate
Director, Capital Policy, (202) 649–3140,
NaaAwaa.Tagoe@fhfa.gov; Karen
Heidel, Assistant General Counsel,
Office of General Counsel, (202) 649–
3073, Karen.Heidel@fhfa.gov; or Mark D.
Laponsky, Deputy General Counsel,
Office of General Counsel, (202) 649–
3054, Mark.Laponsky@fhfa.gov. The
telephone number for the
Telecommunications Device for the Deaf
is (800) 877–8339.
SUPPLEMENTARY INFORMATION:
SUMMARY:
I. Background
FHFA is responsible for ensuring that
the regulated entities operate in a safe
E:\FR\FM\09APR1.SGM
09APR1
18432
Federal Register / Vol. 86, No. 67 / Friday, April 9, 2021 / Rules and Regulations
and sound manner, including the
maintenance of adequate capital and
internal controls, that their operations
and activities foster liquid, efficient,
competitive, and resilient national
housing finance markets, and that they
carry out their public policy missions
through authorized activities. See 12
U.S.C. 4513. These Orders are being
issued under 12 U.S.C. 4516(a), which
authorizes the Director of FHFA to
require by Order that the regulated
entities submit regular or special reports
to FHFA and establishes remedies and
procedures for failing to make reports
required by Order. The Orders, through
the accompanying Summary
Instructions and Guidance, prescribe for
the regulated entities the scenarios to be
used for stress testing. The Summary
Instructions and Guidance also provides
to the regulated entities advice
concerning the content and format of
reports required by the Orders and the
rule.
II. Orders, Summary Instructions and
Guidance
For the convenience of the affected
parties and the public, the text of the
Orders follows below in its entirety. The
Orders and Summary Instructions and
Guidance are also available for public
inspection and copying at the Federal
Housing Finance Agency’s Freedom of
Information Act (FOIA) Reading Room
at https://www.fhfa.gov/AboutUs/
FOIAPrivacy/Pages/Reading-Room.aspx
by clicking on ‘‘Click here to view
Orders’’ under the Final Opinions and
Orders heading. You may also access
these documents at https://www.fhfa.gov/
SupervisionRegulation/
DoddFrankActStressTests.
The text of the Orders is as follows:
a result of severely adverse economic
conditions;
Whereas, FHFA’s rule implementing
section 165(i)(2) of the Dodd-Frank Act,
as amended by section 401 of EGRRCPA
is codified as 12 CFR 1238 and requires
that ‘‘[e]ach Enterprise must file a report
in the manner and form established by
FHFA.’’ 12 CFR 1238.5(b);
Whereas, The Board of Governors of
the Federal Reserve System issued stress
testing scenarios on February 12, 2021;
and
Whereas, section 1314 of the Safety
and Soundness Act, 12 U.S.C. 4514(a)
authorizes the Director of FHFA to
require regulated entities, by general or
specific order, to submit such reports on
their management, activities, and
operation as the Director considers
appropriate.
Now therefore, it is hereby Ordered as
follows:
Each Enterprise shall report to FHFA
and to the Board of Governors of the
Federal Reserve System the results of
the stress testing as required by 12 CFR
1238, in the form and with the content
described therein and in the Summary
Instructions and Guidance, with
Appendices 1 through 8 thereto,
accompanying this Order and dated
March 15, 2021.
It is so ordered, this the 15th day of
March, 2021.
This Order is effective immediately.
Signed at Washington, DC, this 15th day of
March, 2021.
Mark A. Calabria, Director,
Federal Housing Finance Agency.
Mark A. Calabria,
Director, Federal Housing Finance Agency.
[FR Doc. 2021–07345 Filed 4–8–21; 8:45 am]
BILLING CODE 8070–01–P
Federal Housing Finance Agency
Order Nos. 2021–OR–FNMA–1 and
2021–OR–FHLMC–1
DEPARTMENT OF TRANSPORTATION
Reporting by Regulated Entities of Stress
Testing Results as of December 31, 2020
Whereas, section 165(i)(2) of the
Dodd-Frank Wall Street Reform and
Consumer Protection Act (‘‘Dodd-Frank
Act’’), as amended by section 401 of the
Economic Growth, Regulatory Relief,
and Consumer Protection Act
(‘‘EGRRCPA’’) requires certain financial
companies with total consolidated
assets of more than $250 billion, and
which are regulated by a primary
Federal financial regulatory agency, to
conduct periodic stress tests to
determine whether the companies have
the capital necessary to absorb losses as
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22:03 Apr 08, 2021
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Federal Aviation Administration
14 CFR Part 71
[Docket No. FAA–2020–1082; Airspace
Docket No. 20–ASW–10]
RIN 2120–AA66
Amendment of Class E Airspace;
Wharton, TX
Federal Aviation
Administration (FAA), DOT.
ACTION: Final rule.
AGENCY:
This amends the Class E
airspace extending upward from 700
feet above the surface at Wharton
SUMMARY:
PO 00000
Frm 00010
Fmt 4700
Sfmt 4700
Regional Airport, Wharton, TX. This
action is the result of airspace reviews
caused by the decommissioning of the
Wharton non-directional beacon (NDB).
The name and geographic coordinates of
the airport are also being updated to
coincide with the FAA’s aeronautical
database.
Effective 0901 UTC, June 17,
2021. The Director of the Federal
Register approves this incorporation by
reference action under 1 CFR part 51,
subject to the annual revision of FAA
Order 7400.11 and publication of
conforming amendments.
DATES:
FAA Order 7400.11E,
Airspace Designations and Reporting
Points, and subsequent amendments can
be viewed online at https://
www.faa.gov/air_traffic/publications/.
For further information, you can contact
the Airspace Policy Group, Federal
Aviation Administration, 800
Independence Avenue SW, Washington,
DC 20591; telephone: (202) 267–8783.
The Order is also available for
inspection at the National Archives and
Records Administration (NARA). For
information on the availability of FAA
Order 7400.11E at NARA, email
fedreg.legal@nara.gov or go to https://
www.archives.gov/federal-register/cfr/
ibr-locations.html.
ADDRESSES:
FOR FURTHER INFORMATION CONTACT:
Jeffrey Claypool, Federal Aviation
Administration, Operations Support
Group, Central Service Center, 10101
Hillwood Parkway, Fort Worth, TX
76177; telephone (817) 222–5711.
SUPPLEMENTARY INFORMATION:
Authority for This Rulemaking
The FAA’s authority to issue rules
regarding aviation safety is found in
Title 49 of the United States Code.
Subtitle I, Section 106 describes the
authority of the FAA Administrator.
Subtitle VII, Aviation Programs,
describes in more detail the scope of the
agency’s authority. This rulemaking is
promulgated under the authority
described in Subtitle VII, Part A,
Subpart I, Section 40103. Under that
section, the FAA is charged with
prescribing regulations to assign the use
of airspace necessary to ensure the
safety of aircraft and the efficient use of
airspace. This regulation is within the
scope of that authority as it amends the
Class E airspace extending upward from
700 feet above the surface at Wharton
Regional Airport, Wharton, TX, to
support instrument flight rule
operations at this airport.
E:\FR\FM\09APR1.SGM
09APR1
Agencies
[Federal Register Volume 86, Number 67 (Friday, April 9, 2021)]
[Rules and Regulations]
[Pages 18431-18432]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-07345]
=======================================================================
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FEDERAL HOUSING FINANCE AGENCY
12 CFR Part 1238
[No. 2021-N-5]
Orders: Reporting by Regulated Entities of Stress Testing Results
as of December 31, 2020; Summary Instructions and Guidance
AGENCY: Federal Housing Finance Agency.
ACTION: Orders.
-----------------------------------------------------------------------
SUMMARY: In this document, the Federal Housing Finance Agency (FHFA)
provides notice that it issued Orders, dated March 15, 2021, with
respect to stress test reporting as of December 31, 2020, under the
Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank
Act), as amended by the Economic Growth, Regulatory Relief, and
Consumer Protection Act (EGRRCPA). Summary Instructions and Guidance
accompanied the Orders to provide testing scenarios.
DATES: Each Order is applicable March 15, 2021.
FOR FURTHER INFORMATION CONTACT: Naa Awaa Tagoe, Principal Associate
Director, Capital Policy, (202) 649-3140, [email protected]; Karen
Heidel, Assistant General Counsel, Office of General Counsel, (202)
649-3073, [email protected]; or Mark D. Laponsky, Deputy General
Counsel, Office of General Counsel, (202) 649-3054,
[email protected]. The telephone number for the Telecommunications
Device for the Deaf is (800) 877-8339.
SUPPLEMENTARY INFORMATION:
I. Background
FHFA is responsible for ensuring that the regulated entities
operate in a safe
[[Page 18432]]
and sound manner, including the maintenance of adequate capital and
internal controls, that their operations and activities foster liquid,
efficient, competitive, and resilient national housing finance markets,
and that they carry out their public policy missions through authorized
activities. See 12 U.S.C. 4513. These Orders are being issued under 12
U.S.C. 4516(a), which authorizes the Director of FHFA to require by
Order that the regulated entities submit regular or special reports to
FHFA and establishes remedies and procedures for failing to make
reports required by Order. The Orders, through the accompanying Summary
Instructions and Guidance, prescribe for the regulated entities the
scenarios to be used for stress testing. The Summary Instructions and
Guidance also provides to the regulated entities advice concerning the
content and format of reports required by the Orders and the rule.
II. Orders, Summary Instructions and Guidance
For the convenience of the affected parties and the public, the
text of the Orders follows below in its entirety. The Orders and
Summary Instructions and Guidance are also available for public
inspection and copying at the Federal Housing Finance Agency's Freedom
of Information Act (FOIA) Reading Room at https://www.fhfa.gov/AboutUs/FOIAPrivacy/Pages/Reading-Room.aspx by clicking on ``Click here to view
Orders'' under the Final Opinions and Orders heading. You may also
access these documents at https://www.fhfa.gov/SupervisionRegulation/DoddFrankActStressTests.
The text of the Orders is as follows:
Federal Housing Finance Agency
Order Nos. 2021-OR-FNMA-1 and 2021-OR-FHLMC-1
Reporting by Regulated Entities of Stress Testing Results as of
December 31, 2020
Whereas, section 165(i)(2) of the Dodd-Frank Wall Street Reform and
Consumer Protection Act (``Dodd-Frank Act''), as amended by section 401
of the Economic Growth, Regulatory Relief, and Consumer Protection Act
(``EGRRCPA'') requires certain financial companies with total
consolidated assets of more than $250 billion, and which are regulated
by a primary Federal financial regulatory agency, to conduct periodic
stress tests to determine whether the companies have the capital
necessary to absorb losses as a result of severely adverse economic
conditions;
Whereas, FHFA's rule implementing section 165(i)(2) of the Dodd-
Frank Act, as amended by section 401 of EGRRCPA is codified as 12 CFR
1238 and requires that ``[e]ach Enterprise must file a report in the
manner and form established by FHFA.'' 12 CFR 1238.5(b);
Whereas, The Board of Governors of the Federal Reserve System
issued stress testing scenarios on February 12, 2021; and
Whereas, section 1314 of the Safety and Soundness Act, 12 U.S.C.
4514(a) authorizes the Director of FHFA to require regulated entities,
by general or specific order, to submit such reports on their
management, activities, and operation as the Director considers
appropriate.
Now therefore, it is hereby Ordered as follows:
Each Enterprise shall report to FHFA and to the Board of Governors
of the Federal Reserve System the results of the stress testing as
required by 12 CFR 1238, in the form and with the content described
therein and in the Summary Instructions and Guidance, with Appendices 1
through 8 thereto, accompanying this Order and dated March 15, 2021.
It is so ordered, this the 15th day of March, 2021.
This Order is effective immediately.
Signed at Washington, DC, this 15th day of March, 2021.
Mark A. Calabria, Director,
Federal Housing Finance Agency.
Mark A. Calabria,
Director, Federal Housing Finance Agency.
[FR Doc. 2021-07345 Filed 4-8-21; 8:45 am]
BILLING CODE 8070-01-P