Eucatex of North America Inc., Complainant v. CMA CGM (America) LLC and Fenix Marine Services Ltd., Respondents; Notice of Filing of Complaint and Assignment, 51888 [2021-20179]
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Federal Register / Vol. 86, No. 178 / Friday, September 17, 2021 / Notices
of the requirements of part 370 if
circumstances exist that would make it
impracticable or overly burdensome to
meet those requirements. Pursuant to
§ 370.8(b)(2), the FDIC publishes a
notice of its response to each exception
request in the Federal Register.
Pursuant to § 370.8(b)(3), a covered
institution may rely upon another
covered institution’s exception request
which the FDIC has previously granted
by notifying the FDIC that it will invoke
relief from certain part 370 requirements
and demonstrating that the covered
institution has substantially similar
facts and circumstances to those of the
covered institution that has already
received the FDIC’s approval. The
notification letter must also include the
information required under § 370.8(b)(1)
and cite the applicable notice published
pursuant to § 370.8(b)(2). Unless
informed otherwise by the FDIC within
120 days after the FDIC’s receipt of a
complete notification for exception, the
exception will be deemed granted
subject to the same conditions set forth
in the FDIC’s published notice.
These grants of relief will be subject
to ongoing FDIC review, analysis, and
verification during the FDIC’s routine
part 370 compliance tests. The FDIC
presumes each covered institution is
meeting all the requirements set forth in
the Rule unless relief has otherwise
been granted. These grants of relief may
be rescinded or modified upon:
Discovery of misrepresentation; material
change of circumstances or conditions
related to the subject accounts; or failure
to satisfy conditions applicable to each.
The following exceptions were granted
by the FDIC as of September 14, 2021.
I. Certain Deposits Reflected on Loan
Systems for Which the Covered
Institutions Is Not Capable of
Completing Deposit Insurance
Calculation Process Because Additional
Time Is Required for System Upgrades
or Conversions
The FDIC granted time-limited
exception relief from part 370’s
information technology system
requirements set forth in § 370.3 and
recordkeeping requirements set forth in
§ 370.4 applicable to deposits reflected
on loan systems, including deposits
resulting from credit balances on an
account for debt owed to the covered
institution and deposits held in escrow
by the covered institution. Such relief
was granted to two covered institutions
for up to 18 months after their
compliance date. One covered
institution requested exception relief
from the recordkeeping requirements
because it has multiple lending systems
in need of recordkeeping upgrades and
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technical coding fixes without which it
cannot produce the requisite data
within the timeframe and in the format
required by § 370.4(d). The covered
institution requested exception relief in
order to complete its IT solution to
integrate data into its part 370
calculation system and perform relevant
testing. The other covered institution
requested exception relief from the
information technology system and
recordkeeping requirements because it
requires additional time to complete the
conversion of its commercial loan
servicing platform and make system
upgrades. The FDIC granted both
covered institutions a time-limited
exception for up to 18 months from
their respective compliance dates.
In connection with the FDIC’s grants
of relief, these covered institutions
represented that they will maintain the
capability to place holds on the deposit
accounts subject to the exception in the
event of failure until deposit insurance
can be calculated using data manually
extracted from the current loan systems.
As conditions of relief, these covered
institutions must submit a status report
to part370@fdic.gov at the midpoint of
the exception relief period and
immediately bring to the FDIC’s
attention any change of circumstances
or conditions.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on September
14, 2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021–20160 Filed 9–16–21; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL MARITIME COMMISSION
[Docket No. 21–08]
Eucatex of North America Inc.,
Complainant v. CMA CGM (America)
LLC and Fenix Marine Services Ltd.,
Respondents; Notice of Filing of
Complaint and Assignment
Served: September 14, 2021.
Notice is given that a complaint has
been filed with the Federal Maritime
Commission (Commission) by Eucatex
of North America Inc., hereinafter
‘‘Complainant’’, against CMA CGM
(America) LLC (CMA) and Fenix Marine
Services Ltd. (FMS), hereinafter
‘‘Respondents’’. Complainant state that
it is a Georgia corporation. Complainant
alleges that Respondent CMA is a New
Jersey company and a common carrier
under 46 U.S.C. 40102(7), and that
Respondent FMS is a Delaware
corporation and a marine terminal
operator under 46 U.S.C. 40102(15).
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Fmt 4703
Sfmt 4703
Complainant alleges that Respondents
violated 46 U.S.C. 41102(c), and 46 CFR
545.4 and 545.5, in relation to
demurrage charges imposed on several
shipments. The full text of the
complaint can be found in the
Commission’s Electronic Reading Room
at https://www2.fmc.gov/readingroom/
proceeding/21-08/.
This proceeding has been assigned to
Office of Administrative Law Judges.
The initial decision of the presiding
office in this proceeding shall be issued
by September 14, 2022, and the final
decision of the Commission shall be
issued by March 28, 2023.
Rachel E. Dickon,
Secretary.
[FR Doc. 2021–20179 Filed 9–16–21; 8:45 am]
BILLING CODE 6730–02–P
FEDERAL RESERVE SYSTEM
Change in Bank Control Notices;
Acquisitions of Shares of a Bank or
Bank Holding Company
The notificants listed below have
applied under the Change in Bank
Control Act (Act) (12 U.S.C. 1817(j)) and
§ 225.41 of the Board’s Regulation Y (12
CFR 225.41) to acquire shares of a bank
or bank holding company. The factors
that are considered in acting on the
applications are set forth in paragraph 7
of the Act (12 U.S.C. 1817(j)(7)).
The public portions of the
applications listed below, as well as
other related filings required by the
Board, if any, are available for
immediate inspection at the Federal
Reserve Bank(s) indicated below and at
the offices of the Board of Governors.
This information may also be obtained
on an expedited basis, upon request, by
contacting the appropriate Federal
Reserve Bank and from the Board’s
Freedom of Information Office at
https://www.federalreserve.gov/foia/
request.htm. Interested persons may
express their views in writing on the
standards enumerated in paragraph 7 of
the Act.
Comments regarding each of these
applications must be received at the
Reserve Bank indicated or the offices of
the Board of Governors, Ann E.
Misback, Secretary of the Board, 20th
Street and Constitution Avenue NW,
Washington, DC 20551–0001, not later
than October 4, 2021.
A. Federal Reserve Bank of New York
(Ivan Hurwitz, Senior Vice President) 33
Liberty Street, New York, New York
10045–0001. Comments can also be sent
electronically to
Comments.applications@ny.frb.org:
E:\FR\FM\17SEN1.SGM
17SEN1
]]>Agencies
[Federal Register Volume 86, Number 178 (Friday, September 17, 2021)]
[Notices]
[Page 51888]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-20179]
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FEDERAL MARITIME COMMISSION
[Docket No. 21-08]
Eucatex of North America Inc., Complainant v. CMA CGM (America)
LLC and Fenix Marine Services Ltd., Respondents; Notice of Filing of
Complaint and Assignment
Served: September 14, 2021.
Notice is given that a complaint has been filed with the Federal
Maritime Commission (Commission) by Eucatex of North America Inc.,
hereinafter ``Complainant'', against CMA CGM (America) LLC (CMA) and
Fenix Marine Services Ltd. (FMS), hereinafter ``Respondents''.
Complainant state that it is a Georgia corporation. Complainant alleges
that Respondent CMA is a New Jersey company and a common carrier under
46 U.S.C. 40102(7), and that Respondent FMS is a Delaware corporation
and a marine terminal operator under 46 U.S.C. 40102(15).
Complainant alleges that Respondents violated 46 U.S.C. 41102(c),
and 46 CFR 545.4 and 545.5, in relation to demurrage charges imposed on
several shipments. The full text of the complaint can be found in the
Commission's Electronic Reading Room at https://www2.fmc.gov/readingroom/proceeding/21-08/.
This proceeding has been assigned to Office of Administrative Law
Judges. The initial decision of the presiding office in this proceeding
shall be issued by September 14, 2022, and the final decision of the
Commission shall be issued by March 28, 2023.
Rachel E. Dickon,
Secretary.
[FR Doc. 2021-20179 Filed 9-16-21; 8:45 am]
BILLING CODE 6730-02-P
