Guidelines for Evaluating Account and Services Requests, 41402-41403 [2023-13460]

Download as PDF 41402 Federal Register / Vol. 88, No. 121 / Monday, June 26, 2023 / Notices CALENDAR OF REPORTING DATES FOR UTAH SPECIAL ELECTIONS Close of books 1 Report Reg./Cert. and overnight mailing deadline Filing deadline Campaign Committees Involved in Only the Special Primary (09/05/2023) Must File: Pre-Primary .................................................................................................................................. October Quarterly ........................................................................................................................ 08/16/2023 09/30/2023 08/21/2023 10/15/2023 08/24/2023 10/15/2023 2 PACs and Party Committees Not Filing Monthly Involved in Only the Special Primary (09/05/2023) Must File: Pre-Primary .................................................................................................................................. 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[FR Doc. 2023–13437 Filed 6–23–23; 8:45 am] BILLING CODE 6715–01–P FEDERAL RESERVE SYSTEM [Docket No. OP–1788] Guidelines for Evaluating Account and Services Requests Board of Governors of the Federal Reserve System. ACTION: Notice. SUMMARY: The Board of Governors of the Federal Reserve System (Board) is withdrawing proposed amendments to its Guidelines for Evaluating Account and Services Requests (Account Access Guidelines) that would have required the Federal Reserve Banks (Reserve Banks) to publish a periodic list of ddrumheller on DSK120RN23PROD with NOTICES1 AGENCY: VerDate Sep<11>2014 19:33 Jun 23, 2023 Jkt 259001 depository institutions with access to Reserve Bank accounts and/or financial services. Because a new section 11C of the Federal Reserve Act (the Act) was recently enacted that requires disclosures substantially similar to those in the Board’s proposal, the Board believes finalizing the proposed amendments to its Account Access Guidelines is unnecessary. DATES: The Board is withdrawing the proposal published November 16, 2022 (87 FR 68691) as of June 16, 2023. 1 The reporting period always begins the day after the closing date of the last report filed. If the committee is new and has not previously filed a report, the first report must cover all activity that occurred before the committee registered as a political committee up through the close of books for the first report due. 2 Notice that this filing deadline falls on a weekend or federal holiday. Filing deadlines are not extended when they fall on nonworking days. Accordingly, reports filed on paper by methods other than registered, certified or overnight mail must be received before the Commission’s close of business on the last business day before the deadline. PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 11/01/2023 12/11/2023 12/31/2023 11/06/2023 12/21/2023 01/31/2024 11/09/2023 12/21/2023 01/31/2024 FOR FURTHER INFORMATION CONTACT: Jason Hinkle, Assistant Director (202– 912–7805), Division of Reserve Bank Operations and Payment Systems; or Corinne Milliken Van Ness, Senior Counsel (202–452- 2421) or Gavin Smith, Senior Counsel (202–452–3474); for users of TTY–TRS, please call 711 from any telephone, anywhere in the United States; Board of Governors of the Federal Reserve System, 20th and C Streets NW, Washington, DC 20551. SUPPLEMENTARY INFORMATION: I. Background A. Board’s Proposed Amendments to the Account Access Guidelines On November 16, 2022, the Board published proposed amendments to its Account Access Guidelines that would have required disclosure of institutions with access to Reserve Bank accounts and/or financial services (accounts and services).1 This information historically 1 See E:\FR\FM\26JNN1.SGM 87 FR 68691. 26JNN1 Federal Register / Vol. 88, No. 121 / Monday, June 26, 2023 / Notices has not been disclosed publicly. The development and publication of the Account Access Guidelines, however, prompted the Board to consider the potential benefits of disclosing the names of institutions that have access to accounts and services. The Board proposed for public comment a requirement for Reserve Banks to publish periodically a list of depository institutions with access to accounts and services, including whether each depository institution with access to accounts and services is federally insured and in which Reserve Bank district the depository institution is located. In addition, the Board proposed to have the Reserve Banks publish a list of depository institutions that have, since the prior publication, received access to accounts and services or no longer have access to accounts and services.2 B. Subsequent Amendment to the Federal Reserve Act Subsequent to the publication of the proposal, the James M. Inhofe National Defense Authorization Act for Fiscal Year 2023 amended the Act by adding a new Section 11C. New Section 11C of the Act requires the Board, not later than 180 days after December 23, 2022, to create and ‘‘maintain a public, online and searchable database’’ of entities that have, or that are requesting, account and service access, along with the status of any request for an account and services.3 For each entity that has, or is requesting access to, accounts and services, new Section 11C of the Act also requires the database to indicate if the entity is a federally insured bank or credit union or a non-federally insured depository institution. II. Notice That the Board Will Not Adopt the Proposed Amendments to the Account Access Guidelines The Board has determined that the disclosure requirements in the Act’s ddrumheller on DSK120RN23PROD with NOTICES1 2 The Board proposed that the list of depository institutions that no longer have access to accounts and/or services would include both depository institutions that lost access to accounts and services and those that gave up their access to accounts and services voluntarily. 3 See 12 U.S.C. 248c. The new Section 11C excludes official accountholders from the list of entities published on the database and defines ‘‘Official accountholders’’ as foreign states (as defined in section 25B of the Act), central banks (as defined in section 25B of the Act) other than a commercial bank, public international organizations entitled to enjoy privileged examples and immunities as an international organization under the International Organizations Immunities Act (22 U.S.C. 288 et seq.), and any governmental entity for which the Secretary of Treasury has directed a Reserve Bank to receive deposits as fiscal agent of the United States under section 15 of the Act. VerDate Sep<11>2014 19:33 Jun 23, 2023 Jkt 259001 new Section 11C substantially supplant the Board’s proposal to incorporate a disclosure requirement into the Account Access Guidelines. Therefore, the Board will not adopt its proposed amendments to the Account Access Guidelines. By order of the Board of Governors of the Federal Reserve System. Margaret McCloskey Shanks, Deputy Secretary of the Board. [FR Doc. 2023–13460 Filed 6–23–23; 8:45 am] BILLING CODE P GENERAL SERVICES ADMINISTRATION [Notice–PBS–2023–03; Docket No. 2023– 0002; Sequence No. 20] Notice of Availability for the Record of Decision of the Environmental Impact Statement for the U.S. Food and Drug Administration, Muirkirk Road Campus Master Plan in Laurel, Maryland Public Buildings Service (PBS), National Capital Region, General Services Administration (GSA). ACTION: Notice. AGENCY: GSA issued a Record of Decision (ROD) for the Food and Drug Administration (FDA) Muirkirk Road Campus (MRC) Master Plan, in Laurel, Maryland, on June 16, 2023. The ROD was prepared in accordance with the National Environmental Policy Act (NEPA) of 1969, the Council on Environmental Quality Regulations, and the GSA PBS NEPA Desk Guide. DATES: Applicable: Friday, June 16, 2023. SUMMARY: FOR FURTHER INFORMATION CONTACT: Lindsey Veas, GSA, National Capital Region, PBS, Office of Planning and Design Quality, at 202–262–9236. SUPPLEMENTARY INFORMATION: Background The General Services Administration, in cooperation with the FDA, has prepared a Master Plan for the MRC in Laurel, Maryland. The MRC Master Plan creates a framework to guide development and add capacity over the course of next 10 to 30 years. The FDA owns 249 acres of land at Muirkirk Road. The MRC West Parcel comprises 197 acres west of Odell Road. The remaining 52 acres makes up the MRC East Parcel located east of Odell Road. The FDA acquired the land for the Beltsville Research Facility (BRF) from the U.S. Department of Agriculture (USDA) in 1964. Today, the MRC is home to the Center for Veterinary Medicine (CVM), the Center for Food PO 00000 Frm 00033 Fmt 4703 Sfmt 4703 41403 Safety and Applied Nutrition (CFSAN), and support staff. Previous master plans approved by National Capital Planning Commission (NCPC) and Prince George’s County include the 1966 Site Development Plan and the 1981 Master Plan. The MRC’s current population is 300 employees; the 1966 and 1981 Master Plans limited future population growth to 1,800 employees. The MRC Master Plan evolved throughout the master planning process that began in September 2020. Initially, the Draft Master Plan included two phases of office buildings without any laboratories. The first phase accommodates 700 additional staff, and the second phase 800 additional staff, bringing the total campus population up to 1,800. As a result of the COVID–19 pandemic, the workplace environment has gone through a fundamental change with a higher percentage of people working remotely. The FDA adopted the U.S. Department of Health and Human Services (HHS) 21st Century Workplace Space Planning Policy. Under this policy, a new workplace model based on increased telework provides efficient use of space and significantly reduces rent and rent related costs. Moving forward, HHS’s policy is to provide dedicated workstations and offices only for staff who report to an office six or more days per pay period. Shared workstations and offices will be available for employees who predominantly telework fewer than six days per pay period. Based on current trends in teleworking, FDA’s White Oak campus has significant capacity to absorb future growth and consolidation of FDA employees within the DC metropolitan area from leased space as the leases expire. For laboratory employees, remote work is not possible due to the nature of the work and existing laboratories at FDA’s White Oak Campus are fully occupied. Therefore, FDA shifted its focus for the MRC from mostly new office space to also increasing the amount of laboratory space. The Master Plan provides a framework for development at the MRC to accommodate up to 1,800 FDA employees and support staff. GSA completed an EIS that assessed the impacts of the population increase and additional growth needed on the MRC to support the increased population. Preferred Alternative GSA has chosen to implement Alternative B: Dual Campus, as defined in the Final EIS (GSA, April 2023). This decision is based on analyses contained in the MRC Master Plan Draft EIS issued E:\FR\FM\26JNN1.SGM 26JNN1

Agencies

[Federal Register Volume 88, Number 121 (Monday, June 26, 2023)]
[Notices]
[Pages 41402-41403]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-13460]


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FEDERAL RESERVE SYSTEM

[Docket No. OP-1788]


Guidelines for Evaluating Account and Services Requests

AGENCY: Board of Governors of the Federal Reserve System. ACTION: 
Notice.

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
is withdrawing proposed amendments to its Guidelines for Evaluating 
Account and Services Requests (Account Access Guidelines) that would 
have required the Federal Reserve Banks (Reserve Banks) to publish a 
periodic list of depository institutions with access to Reserve Bank 
accounts and/or financial services. Because a new section 11C of the 
Federal Reserve Act (the Act) was recently enacted that requires 
disclosures substantially similar to those in the Board's proposal, the 
Board believes finalizing the proposed amendments to its Account Access 
Guidelines is unnecessary.
---------------------------------------------------------------------------

    \1\ The reporting period always begins the day after the closing 
date of the last report filed. If the committee is new and has not 
previously filed a report, the first report must cover all activity 
that occurred before the committee registered as a political 
committee up through the close of books for the first report due.
    \2\ Notice that this filing deadline falls on a weekend or 
federal holiday. Filing deadlines are not extended when they fall on 
nonworking days. Accordingly, reports filed on paper by methods 
other than registered, certified or overnight mail must be received 
before the Commission's close of business on the last business day 
before the deadline.

DATES: The Board is withdrawing the proposal published November 16, 
---------------------------------------------------------------------------
2022 (87 FR 68691) as of June 16, 2023.

FOR FURTHER INFORMATION CONTACT: Jason Hinkle, Assistant Director (202-
912-7805), Division of Reserve Bank Operations and Payment Systems; or 
Corinne Milliken Van Ness, Senior Counsel (202-452- 2421) or Gavin 
Smith, Senior Counsel (202-452-3474); for users of TTY-TRS, please call 
711 from any telephone, anywhere in the United States; Board of 
Governors of the Federal Reserve System, 20th and C Streets NW, 
Washington, DC 20551.

SUPPLEMENTARY INFORMATION:

I. Background

A. Board's Proposed Amendments to the Account Access Guidelines

    On November 16, 2022, the Board published proposed amendments to 
its Account Access Guidelines that would have required disclosure of 
institutions with access to Reserve Bank accounts and/or financial 
services (accounts and services).\1\ This information historically

[[Page 41403]]

has not been disclosed publicly. The development and publication of the 
Account Access Guidelines, however, prompted the Board to consider the 
potential benefits of disclosing the names of institutions that have 
access to accounts and services.
---------------------------------------------------------------------------

    \1\ See 87 FR 68691.
---------------------------------------------------------------------------

    The Board proposed for public comment a requirement for Reserve 
Banks to publish periodically a list of depository institutions with 
access to accounts and services, including whether each depository 
institution with access to accounts and services is federally insured 
and in which Reserve Bank district the depository institution is 
located. In addition, the Board proposed to have the Reserve Banks 
publish a list of depository institutions that have, since the prior 
publication, received access to accounts and services or no longer have 
access to accounts and services.\2\
---------------------------------------------------------------------------

    \2\ The Board proposed that the list of depository institutions 
that no longer have access to accounts and/or services would include 
both depository institutions that lost access to accounts and 
services and those that gave up their access to accounts and 
services voluntarily.
---------------------------------------------------------------------------

B. Subsequent Amendment to the Federal Reserve Act

    Subsequent to the publication of the proposal, the James M. Inhofe 
National Defense Authorization Act for Fiscal Year 2023 amended the Act 
by adding a new Section 11C. New Section 11C of the Act requires the 
Board, not later than 180 days after December 23, 2022, to create and 
``maintain a public, online and searchable database'' of entities that 
have, or that are requesting, account and service access, along with 
the status of any request for an account and services.\3\ For each 
entity that has, or is requesting access to, accounts and services, new 
Section 11C of the Act also requires the database to indicate if the 
entity is a federally insured bank or credit union or a non-federally 
insured depository institution.
---------------------------------------------------------------------------

    \3\ See 12 U.S.C. 248c. The new Section 11C excludes official 
accountholders from the list of entities published on the database 
and defines ``Official accountholders'' as foreign states (as 
defined in section 25B of the Act), central banks (as defined in 
section 25B of the Act) other than a commercial bank, public 
international organizations entitled to enjoy privileged examples 
and immunities as an international organization under the 
International Organizations Immunities Act (22 U.S.C. 288 et seq.), 
and any governmental entity for which the Secretary of Treasury has 
directed a Reserve Bank to receive deposits as fiscal agent of the 
United States under section 15 of the Act.
---------------------------------------------------------------------------

II. Notice That the Board Will Not Adopt the Proposed Amendments to the 
Account Access Guidelines

    The Board has determined that the disclosure requirements in the 
Act's new Section 11C substantially supplant the Board's proposal to 
incorporate a disclosure requirement into the Account Access 
Guidelines. Therefore, the Board will not adopt its proposed amendments 
to the Account Access Guidelines.

    By order of the Board of Governors of the Federal Reserve 
System.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2023-13460 Filed 6-23-23; 8:45 am]
BILLING CODE P
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