Business Combinations Under the Bank Merger Act; Extension of Comment Period, 26106 [2024-07876]

Agencies

• Office of the Comptroller of the Currency
• DEPARTMENT OF THE TREASURY

[Federal Register Volume 89, Number 73 (Monday, April 15, 2024)]
[Proposed Rules]
[Page 26106]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-07876]


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Proposed Rules
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains notices to the public of 
the proposed issuance of rules and regulations. The purpose of these 
notices is to give interested persons an opportunity to participate in 
the rule making prior to the adoption of the final rules.

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Federal Register / Vol. 89, No. 73 / Monday, April 15, 2024 / 
Proposed Rules

[[Page 26106]]



DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

12 CFR Part 5

[Docket ID OCC-2023-0017]
RIN 1557-AF24


Business Combinations Under the Bank Merger Act; Extension of 
Comment Period

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

ACTION: Notice of proposed rulemaking (NPR); Extension of comment 
period.

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SUMMARY: This action extends the comment period for the NPR titled 
``Business Combinations under the Bank Merger Act'' that was published 
on February 14, 2024. In that document, the OCC proposed to increase 
the transparency of the standards that apply to the agency's review of 
business combinations involving national banks and Federal savings 
associations. The OCC is extending the comment period closing date to 
allow interested persons additional time to analyze the proposal and 
prepare their comments.

DATES: The comment period for the NPR published on February 14, 2024, 
(89 FR 10010) is extended. Comments must be received on or before June 
15, 2024.

ADDRESSES: Commenters are encouraged to submit comments through the 
Federal eRulemaking Portal. Please use the title ``Business 
Combinations under the Bank Merger Act'' to facilitate the organization 
and distribution of the comments. You may submit comments by any of the 
following methods:
     Federal eRulemaking Portal--``Regulations.gov'':
    Go to https://regulations.gov/. Enter ``Docket ID OCC-2023-0017'' 
in the Search Box and click ``Search.'' Public comments can be 
submitted via the ``Comment'' box below the displayed document 
information or by clicking on the document title and then clicking the 
``Comment'' box on the top-left side of the screen. For help with 
submitting effective comments, please click on ``Commenter's 
Checklist.'' For assistance with the Regulations.gov site, please call 
1-866-498-2945 (toll free) Monday-Friday, 9 a.m.-5 p.m. ET, or email 
[email protected].
     Mail: Chief Counsel's Office, Attention: Comment 
Processing, Office of the Comptroller of the Currency, 400 7th Street 
SW, Suite 3E-218, Washington, DC 20219.
     Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, 
Washington, DC 20219.
    Instructions: You must include ``OCC'' as the agency name and 
``Docket ID OCC-2023-0017'' in your comment. In general, the OCC will 
enter all comments received into the docket and publish the comments on 
the Regulations.gov website without change, including any business or 
personal information provided such as name and address information, 
email addresses, or phone numbers. Comments received, including 
attachments and other supporting materials, are part of the public 
record and subject to public disclosure. Do not include any information 
in your comment or supporting materials that you consider confidential 
or inappropriate for public disclosure.
    You may review comments and other related materials that pertain to 
this action by any of the following methods:
     Viewing Comments Electronically--Regulations.gov:
    Go to https://regulations.gov/. Enter ``Docket ID OCC-2023-0017'' 
in the Search box and click ``Search''. Click on the ``Dockets'' tab 
and then the document's title. After clicking the document's title, 
click the ``Browse All Comments'' tab. Comments can be viewed and 
filtered by clicking on the ``Sort By'' drop-down on the right side of 
the screen or the ``Refine Comments Results'' options on the left side 
of the screen. Supporting materials can be viewed by clicking on the 
``Browse Documents'' tab. Click on the ``Sort By'' drop-down on the 
right side of the screen or the ``Refine Results'' options on the left 
side of the screen checking the ``Supporting & Related Material'' 
checkbox. For assistance with the Regulations.gov site, please call 1-
866-498-2945 (toll free) Monday-Friday, 9 a.m.-5 p.m. ET, or email 
[email protected].
    The docket may be viewed after the close of the comment period in 
the same manner as during the comment period.

FOR FURTHER INFORMATION CONTACT: Valerie Song, Acting Associate Chief 
Counsel, Christopher Crawford, Special Counsel, Elizabeth Small, 
Counsel, Chief Counsel's Office 202-649-5490; or Yoo Jin Na, Director 
for Licensing Activities 202-649-6260, Office of the Comptroller of the 
Currency, 400 7th Street SW, Washington, DC 20219. If you are deaf, 
hard of hearing, or have a speech disability, please dial 7-1-1 to 
access telecommunications relay services.

SUPPLEMENTARY INFORMATION: The NPR titled ``Business Combinations under 
the Bank Merger Act'' was published in the Federal Register on February 
14, 2024, (89 FR 10010). In that NPR, the OCC proposed to increase the 
transparency of the standards that apply to the agency's review of 
business combinations involving national banks and Federal savings 
associations. In particular, the proposed rule would amend the 
procedures and would add, as an appendix, a policy statement that 
summarizes the principles the OCC uses when it reviews proposed bank 
merger transactions under the Bank Merger Act. The NPR provided for a 
60-day comment period, which would have closed on April 15, 2024. The 
OCC has received a request to extend the comment period. The OCC has 
determined that an extension of the comment period to June 15, 2024, is 
appropriate. An extension of the comment period will provide additional 
opportunity for interested persons to consider the proposal and prepare 
comments. Therefore, the OCC is extending the end of the comment period 
for the proposal from April 15, 2024, to June 15, 2024.

Michael J. Hsu,
Acting Comptroller of the Currency.
[FR Doc. 2024-07876 Filed 4-12-24; 8:45 am]
BILLING CODE 4810-33-P