List of Approved Spent Fuel Storage Casks: Holtec International HISTORM 100 Cask System, Certificate of Compliance No. 1014, Renewed Amendment No. 18, 79125 [C1-2024-19801]
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79125
Rules and Regulations
Federal Register
Vol. 89, No. 188
Friday, September 27, 2024
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.
NUCLEAR REGULATORY
COMMISSION
10 CFR Part 72
RIN 3150–AL18
List of Approved Spent Fuel Storage
Casks: Holtec International HISTORM
100 Cask System, Certificate of
Compliance No. 1014, Renewed
Amendment No. 18
Correction
In rule document 2024–19801
appearing on pages 72304 through
723095, in the issue of Thursday,
September 5, 2024, make the following
correction:
On page 72305, in the first column, on
the 41st line, change ‘‘September 26,
2024,’’ to ‘‘October 7, 2024,’’
[FR Doc. C1–2024–19801 Filed 9–26–24; 8:45 am]
BILLING CODE 0099–10–D
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR 303
RIN 3064–ZA31
Final Statement of Policy on Bank
Merger Transactions
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Final statement of policy.
AGENCY:
The FDIC is issuing this final
Statement of Policy on Bank Merger
Transactions (Final Statement) to
provide transparency on how the FDIC
administers its responsibilities under
the Bank Merger Act (BMA). The Final
Statement takes into consideration
comments received in response to the
FDIC’s request for comment on a
proposed Statement of Policy on Bank
Merger Transactions (Proposed
Statement), and this Final Statement
reflects certain changes made in
response to comments received. The
Final Statement focuses on the scope of
transactions subject to FDIC approval,
lotter on DSK11XQN23PROD with RULES1
SUMMARY:
VerDate Sep<11>2014
17:13 Sep 26, 2024
Jkt 262001
the FDIC’s process for evaluating merger
applications, and the principles that
guide the FDIC’s consideration of the
applicable statutory factors as set forth
in the BMA.
DATES: The Final Statement supersedes
the prior FDIC Statement of Policy on
Bank Merger Transactions on October
28, 2024.
FOR FURTHER INFORMATION CONTACT:
George Small, Senior Examination
Specialist, (347) 267–2453, gsmall@
fdic.gov, Division of Risk Management
Supervision; Annmarie Boyd, Senior
Counsel, (202) 898–3714, aboyd@
fdic.gov, Benjamin Klein, Supervisory
Counsel, (202) 898–7027, bklein@
fdic.gov, Legal Division; Jessica
Thurman, Chief, (202) 898–3579,
jthurman@fdic.gov, Division of
Depositor and Consumer Protection;
Mark Haley, Chief, (917) 320–2911,
mahaley@fdic.gov, Division of Complex
Institution Supervision and Regulation;
and Ryan Singer, Chief, (202) 898–7532,
rsinger@fdic.gov, Division of Insurance
and Research.
SUPPLEMENTARY INFORMATION:
I. Background
The Final Statement supersedes the
prior FDIC Statement of Policy on Bank
Merger Transactions (Superseded
Statement), which was last amended in
2008. Since the Superseded Statement
was last revised, the BMA has been
amended and significant changes have
occurred in the banking industry and
financial system, which has prompted
the FDIC to develop this Final
Statement. Following the FDIC’s 2022
request for information and comment 1
on rules, regulations, guidance, and
statements of policy regarding bank
merger transactions, the FDIC published
a request for comment on its Proposed
Statement in the Federal Register on
April 19, 2024.2
The FDIC received 23 letters from the
public in response to the Proposed
Statement, including representatives of
the financial services industry, trade
associations, consumer groups,
university professors, and members of
Congress.3 After reviewing the public
comments received in response to the
Proposed Statement, the FDIC has made
revisions to address certain of the
1 87
FR 18740 (March 31, 2022).
FR 29222 (April 19, 2024).
3 Request for Comment on Proposed Statement of
Policy on Bank Merger Transactions. See 89 FR
29222.
2 89
PO 00000
Frm 00001
Fmt 4700
Sfmt 4700
comments and is adopting this Final
Statement. A summary and discussion
of the comments and changes
incorporated in the Final Statement are
described in section III of this
Supplementary Information.
II. Overview of the Final Statement
The Final Statement updates,
strengthens, and clarifies the FDIC’s
policies related to the evaluation of
bank merger applications. As compared
to the Superseded Statement, the Final
Statement includes new content; is
more principles-based; addresses
jurisdiction and scope; describes the
FDIC’s approach to each statutory factor
separately; and highlights other matters
and considerations such as interstate
mergers and the unique aspects of
applications from non-banks, operating
non-insured entities, and banks that are
not traditional community banks. The
Final Statement highlights the FDIC’s
expectations relative to each statutory
factor and incorporates analytical
considerations for these areas.
Introduction
The introduction to the Final
Statement retains the Proposed
Statement’s content by providing a
roadmap of the Final Statement’s
structure, which follows the BMA’s core
statutory provisions, and highlights the
principles that guide the FDIC’s
evaluation of the statutory factors for a
merger application.
Jurisdiction and Scope
The Final Statement generally retains
with minor modifications the Proposed
Statement’s discussion regarding the
FDIC’s jurisdiction under the BMA and
the scope of transactions subject to
regulatory approval. Specifically, the
Final Statement provides transparency
and clarity on the types of transactions
that are subject to the BMA, including
mergers in substance and assumptions
of deposits or other similar liabilities.
This section highlights the overarching
principle that the FDIC emphasizes a
transaction’s substance over its form
when determining whether it
constitutes a merger transaction subject
to FDIC approval under the BMA.
Process and Adjudication
The Final Statement retains the
Proposed Statement’s discussion of the
FDIC’s processing and adjudication of
E:\FR\FM\27SER1.SGM
27SER1
Agencies
[Federal Register Volume 89, Number 188 (Friday, September 27, 2024)]
[Rules and Regulations]
[Page 79125]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: C1-2024-19801]
========================================================================
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. 89, No. 188 / Friday, September 27, 2024 /
Rules and Regulations
[[Page 79125]]
NUCLEAR REGULATORY COMMISSION
10 CFR Part 72
RIN 3150-AL18
List of Approved Spent Fuel Storage Casks: Holtec International
HISTORM 100 Cask System, Certificate of Compliance No. 1014, Renewed
Amendment No. 18
Correction
In rule document 2024-19801 appearing on pages 72304 through
723095, in the issue of Thursday, September 5, 2024, make the following
correction:
On page 72305, in the first column, on the 41st line, change
``September 26, 2024,'' to ``October 7, 2024,''
[FR Doc. C1-2024-19801 Filed 9-26-24; 8:45 am]
BILLING CODE 0099-10-D