Department of the Treasury 2014 – Federal Register Recent Federal Regulation Documents

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Submission for OMB Review; Comment Request
Document Number: 2014-28214
Type: Notice
Date: 2014-12-01
Agency: Department of the Treasury
Publication of the Tier 2 Tax Rates
Document Number: 2014-28176
Type: Notice
Date: 2014-12-01
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
Publication of the tier 2 tax rates for calendar year 2015 as required by section 3241(d) of the Internal Revenue Code (26 U.S.C. 3241). Tier 2 taxes on railroad employees, employers, and employee representatives are one source of funding for benefits under the Railroad Retirement Act.
Submission for OMB Review; Comment Request
Document Number: 2014-28128
Type: Notice
Date: 2014-11-28
Agency: Department of the Treasury
Proposed Collection; Comment Request
Document Number: 2014-28121
Type: Notice
Date: 2014-11-28
Agency: Department of the Treasury
The Department of the Treasury, as part of its continuing effort to reduce paperwork burdens, invites the general public and other Federal agencies to comment on revisions in 2015 of a currently approved information collection that is proposed for approval by the Office of Management and Budget. The Office of International Affairs within the Department of the Treasury is soliciting comments concerning the revision of the Treasury International Capital (TIC) Form SHL/SHLA.
Submission for OMB Review; Comment Request
Document Number: 2014-28090
Type: Notice
Date: 2014-11-28
Agency: Department of the Treasury
Submission for OMB Review; Comment Request
Document Number: 2014-28040
Type: Notice
Date: 2014-11-26
Agency: Department of the Treasury
Submission for OMB Review; Comment Request
Document Number: 2014-28039
Type: Notice
Date: 2014-11-26
Agency: Department of the Treasury
Minimum Essential Coverage and Other Rules Regarding the Shared Responsibility Payment for Individuals
Document Number: 2014-27998
Type: Rule
Date: 2014-11-26
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations relating to the requirement to maintain minimum essential coverage enacted by the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010, as amended by the TRICARE Affirmation Act and Public Law 111-173 (collectively, the Affordable Care Act). These final regulations provide individual taxpayers with guidance under section 5000A of the Internal Revenue Code on the requirement to maintain minimum essential coverage and rules governing certain types of exemptions from that requirement.
Regulatory Publication and Review Under the Economic Growth and Regulatory Paperwork Reduction Act of 1996
Document Number: 2014-27969
Type: Proposed Rule
Date: 2014-11-26
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Board of Governors of the Federal Reserve System
The OCC, Board, and FDIC (``we'' or ``Agencies'') announce a series of outreach meetings on the Agencies' interagency effort to review their regulations under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (``EGRPRA'').
Sanctions Action Pursuant to Executive Order 13448
Document Number: 2014-27952
Type: Notice
Date: 2014-11-26
Agency: Department of the Treasury, Office of Foreign Assets Control
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the name of one individual whose property and interests in property are blocked pursuant to Executive Order 13448 of October 18, 2007, ``Blocking Property and Prohibiting Certain Transactions Related to Burma'' (E.O. 13448) and the Burmese Sanctions Regulations, 31 CFR part 537 (BSR).
Submission for OMB Review; Comment Request
Document Number: 2014-27928
Type: Notice
Date: 2014-11-26
Agency: Department of the Treasury
Office of the Assistant Secretary for International Affairs; Survey of U.S. Ownership of Foreign Securities as of December 31, 2014
Document Number: 2014-27916
Type: Notice
Date: 2014-11-25
Agency: Department of the Treasury
By this Notice and in accordance with 31 CFR part 129, the Department of the Treasury is informing the public that it is conducting a mandatory survey of ownership of foreign securities by U.S. residents as of December 31, 2014. This Notice constitutes legal notification to all United States persons (defined below) who meet the reporting requirements set forth in this Notice that they must respond to, and comply with, this survey. The reporting form SHCA (2014) and instructions may be printed from the Internet at: http:// www.treasury.gov/resource-center/data-chart-center/tic/Pages/ forms- sh.aspx#shc. Definition: Pursuant to 22 U.S.C. 3102 a United States person is any individual, branch, partnership, associated group, association, estate, trust, corporation, or other organization (whether or not organized under the laws of any State), and any government (including a foreign government, the United States Government, a State or local government, and any agency, corporation, financial institution, or other entity or instrumentality thereof, including a government- sponsored agency), who resides in the United States or is subject to the jurisdiction of the United States. Who Must Report: The reporting panel is based upon the data submitted for the 2011 Benchmark survey and the June 2012 TIC report Aggregate Holdings of Long-Term Securities by U.S. and Foreign Residents (TIC SLT). Entities required to report will be contacted individually by the Federal Reserve Bank of New York. Entities not contacted by the Federal Reserve Bank of New York have no reporting responsibilities. What To Report: This report will collect information on holdings by U.S. residents of foreign securities, including equities, long-term debt securities, and short-term debt securities (including selected money market instruments). How To Report: Completed reports can be submitted electronically or mailed to the Federal Reserve Bank of New York, Statistics Function, 4th Floor, 33 Liberty Street, New York, NY 10045-0001. Inquiries can be made to the survey staff of the Federal Reserve Bank of New York at (212) 720-6300 or email: SHC.help@ny.frb.org. Inquiries can also be made to Dwight Wolkow at (202) 622-1276, email: comments2TIC@do.treas.gov. When To Report: Data must be submitted to the Federal Reserve Bank of New York, acting as fiscal agent for the Department of the Treasury, by April 3, 2015. Paperwork Reduction Act Notice: This data collection has been approved by the Office of Management and Budget (OMB) in accordance with the Paperwork Reduction Act and assigned control number 1505-0146. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a valid control number assigned by OMB. The estimated average annual burden associated with this collection of information is 48 hours per respondent for end-investors and custodians that file Schedule 3 reports covering their securities entrusted to U.S. resident custodians, 145 hours per respondent for large end-investors filing Schedule 2 reports, and 545 hours per respondent for large custodians of securities filing Schedule 2 reports. Comments concerning the accuracy of this burden estimate and suggestions for reducing this burden should be directed to the Department of the Treasury, Attention Administrator, International Portfolio Investment Data Reporting Systems, Room 5422, Washington, DC 20220, and to OMB, Attention Desk Officer for the Department of the Treasury, Office of Information and Regulatory Affairs, Washington, DC 20503.
Additional Designations, Foreign Narcotics Kingpin Designation Act
Document Number: 2014-27915
Type: Notice
Date: 2014-11-25
Agency: Department of the Treasury, Office of Foreign Assets Control
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of 10 individuals and 14 entities whose property and interests in property have been blocked pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act) (21 U.S.C. 1901-1908, 8 U.S.C. 1182).
Unblocking of Specially Designated Nationals and Blocked Persons Pursuant to the Foreign Narcotics Kingpin Designation Act
Document Number: 2014-27914
Type: Notice
Date: 2014-11-25
Agency: Department of the Treasury, Office of Foreign Assets Control
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of two individuals and two entities whose property and interests in property have been unblocked pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act) (21 U.S.C. Sections 1901-1908, 8 U.S.C. Section 1182).
Unblocking of Specially Designated Nationals and Blocked Persons Pursuant to Executive Order 12978
Document Number: 2014-27913
Type: Notice
Date: 2014-11-25
Agency: Department of the Treasury, Office of Foreign Assets Control
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of two individuals whose property and interests in property have been unblocked pursuant to Executive Order 12978 of October 21, 1995, ``Blocking Assets and Prohibiting Transactions With Significant Narcotics Traffickers''.
Proposed Collection; Comment Request for Form 928
Document Number: 2014-27724
Type: Notice
Date: 2014-11-24
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Form 928, Fuel Bond.
Agency Information Collection Activities; Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions With Total Consolidated Assets of $10 Billion to $50 Billion Under the Dodd-Frank Wall Street Reform and Consumer Protection Act
Document Number: 2014-27720
Type: Notice
Date: 2014-11-24
Agency: Department of the Treasury
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on this continuing information collection, as required by the Paperwork Reduction Act of 1995. Under the Paperwork Reduction Act, Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information. An agency may not conduct or sponsor, and a respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment on proposed revisions to the regulatory reporting templates and documentation for covered institutions with total consolidated assets of $10 billion to $50 billion.
Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Electronic Operations
Document Number: 2014-27686
Type: Notice
Date: 2014-11-24
Agency: Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning renewal of its information collection titled, ``Electronic Operations.'' The OCC is also giving notice that it has sent the collection to OMB for review.
Pricing for the 2014 Coin and Chronicles Set-Franklin D. Roosevelt
Document Number: 2014-27650
Type: Notice
Date: 2014-11-21
Agency: United States Mint, Department of Treasury, Department of the Treasury
The United States Mint is announcing a price of $57.95 for the 2014 Coin and Chronicles SetFranklin D. Roosevelt.
Submission for OMB Review; Comment Request
Document Number: 2014-27569
Type: Notice
Date: 2014-11-21
Agency: Department of the Treasury
Surety Companies Acceptable on Federal Bonds: Electric Insurance Company
Document Number: 2014-27508
Type: Notice
Date: 2014-11-20
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 4 to the Treasury Department Circular 570, 2014 Revision, published July 1, 2014, at 79 FR 37398.
Failure To File Gain Recognition Agreements or Satisfy Other Reporting Obligations
Document Number: 2014-27365
Type: Rule
Date: 2014-11-19
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final and temporary regulations relating to the consequences to U.S. and foreign persons for failing to file gain recognition agreements (GRAs) or related documents, or to satisfy other reporting obligations, associated with certain transfers of property to foreign corporations in nonrecognition exchanges. The regulations are necessary to update and clarify the rules that apply when a U.S. or foreign person fails to file a GRA or related documents or to satisfy other reporting obligations. These regulations affect U.S. and foreign persons that transfer property to foreign corporations in nonrecognition exchanges.
Regulations Relating to Information Reporting by Foreign Financial Institutions and Withholding on Certain Payments to Foreign Financial Institutions and Other Foreign Entities; Correction
Document Number: 2014-27248
Type: Rule
Date: 2014-11-18
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains a correction to final and temporary regulations (TD 9657), which were published in the Federal Register on Thursday, March 6, 2014 (79 FR 12812). The regulations relate to information reporting by foreign financial institutions (FFIs) with respect to U.S. accounts and withholding on certain payments to FFIs and other foreign entities.
Proposed Collection; Comment Request; Office of the Fiscal Assistant Secretary
Document Number: 2014-27229
Type: Notice
Date: 2014-11-18
Agency: Department of the Treasury
The Department of the Treasury invites the general public and other Federal agencies to comment on extension of an existing information collection, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). The Department of the Treasury is soliciting comments concerning the Application, Reports, and Recordkeeping for the Direct Component and the Centers of Excellence Research Grants Program of the RESTORE Program.
Surety Companies Acceptable on Federal Bonds-Company Name Change; Bituminous Casualty Corporation
Document Number: 2014-27111
Type: Notice
Date: 2014-11-17
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 3 to the Treasury Department Circular 570, 2014 Revision, published July 1, 2014, at 79 FR 37398.
Designation of Three Individuals Pursuant to Executive Order 13611
Document Number: 2014-27103
Type: Notice
Date: 2014-11-17
Agency: Department of the Treasury, Office of Foreign Assets Control
The Department of the Treasury's Office of Foreign Assets Control (``OFAC'') is publishing the names of three individuals whose property and interests in property have been blocked on November 10, 2014 pursuant Executive Order 13611 of May 16, 2012, ``Blocking Property of Persons Threatening the Peace, Security, or Stability of Yemen'' (E.O. 13611).
Submission for OMB Review; Comment Request
Document Number: 2014-27045
Type: Notice
Date: 2014-11-17
Agency: Department of the Treasury
Proposed Collection of Information: Analysis to Support Electronic Funds Transfer and Remittance Mandate
Document Number: 2014-27026
Type: Notice
Date: 2014-11-17
Agency: Department of the Treasury
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A). Currently the Bureau of the Fiscal Service within the Department of the Treasury is soliciting comments concerning Analysis to Support Electronic Funds Transfer and Remittance Mandate.
Balanced System for Measuring Organizational and Employee Performance Within the Internal Revenue Service
Document Number: 2014-26781
Type: Proposed Rule
Date: 2014-11-13
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
In the Rules and Regulations section of this issue of the Federal Register, the IRS and the Treasury Department are issuing a temporary regulation modifying the regulations governing the IRS Balanced System for Measuring Organizational and Employee Performance. The section being modified, Employee satisfaction measures, collects information from employees to measure and report on employee satisfaction. The temporary regulation provides for the reporting of this information to a higher agency level, to be consistent with other government-wide employee satisfaction surveys. The text of the temporary regulation serves as the text of the proposed regulation.
Balanced System for Measuring Organizational and Employee Performance Within the Internal Revenue Service
Document Number: 2014-26739
Type: Rule
Date: 2014-11-13
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains temporary and final regulations relating to the IRS system for measuring organizational and employee performance within the IRS, by measuring customer satisfaction, employee satisfaction, and business results. The temporary regulation will eliminate the requirement that information measuring employee satisfaction must be reported to the first-level supervisor in addition to other levels throughout the organization, thus permitting the IRS to stop using the IRS-specific Workforce Questionnaire and, instead, use the same employee satisfaction survey that is used government-wide. The text of the temporary regulation also serves as the text of proposed regulation set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section in this issue of the Federal Register.
Arbitrage Rebate Overpayments on Tax-Exempt Bonds
Document Number: 2014-26738
Type: Rule
Date: 2014-11-13
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations that provide guidance on the recovery of overpayments of arbitrage rebate on tax-exempt bonds and other tax-advantaged bonds. These final regulations provide the deadline for filing a claim for an arbitrage rebate overpayment and certain other rules. These final regulations affect issuers of tax- exempt and tax-advantaged bonds.
Allocation of Basis in All Cash D Reorganizations
Document Number: 2014-26780
Type: Rule
Date: 2014-11-12
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations regarding the determination of the basis of stock or securities in certain reorganizations where no stock or securities of the issuing corporation is issued and distributed in the transaction. These final regulations clarify that only a shareholder that owns actual shares in the issuing corporation in such a reorganization can designate the actual share of stock of the issuing corporation to which the basis, if any, of the stock or securities surrendered will attach. These regulations affect corporations engaging in such transactions and their shareholders.
Fee Schedule for the Transfer of U.S. Treasury Book-Entry Securities Held on the National Book-Entry System
Document Number: 2014-26643
Type: Notice
Date: 2014-11-10
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
The Department of the Treasury (Treasury) is announcing a new fee schedule applicable to transfers of U.S. Treasury book-entry securities maintained on the National Book-Entry System (NBES) that occur on or after January 2, 2015.
Submission for OMB Review; Comment Request
Document Number: 2014-26576
Type: Notice
Date: 2014-11-10
Agency: Department of the Treasury
Allocation of Earnings and Profits in Tax-Free Transfers From One Corporation to Another; Acquiring Corporation for Purposes of Section 381
Document Number: 2014-26546
Type: Rule
Date: 2014-11-10
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations under section 312 of the Internal Revenue Code (Code) that clarify the regulations under section 312 regarding the allocation of earnings and profits in tax- free transfers from one corporation to another. These regulations affect corporations involved in these transfers and their shareholders. This document also contains final regulations under section 381 of the Code that modify the definition of an acquiring corporation for purposes of section 381 with regard to certain acquisitions of assets. These regulations affect corporations that acquire the assets of other corporations in corporate reorganizations.
Pricing for the American $1 Coin and Currency Set
Document Number: 2014-26372
Type: Notice
Date: 2014-11-06
Agency: United States Mint, Department of Treasury, Department of the Treasury
The United States Mint is announcing a price of $13.95 for the American $1 Coin and Currency Set.
Supplemental Standards of Ethical Conduct for Employees of the Department of the Treasury
Document Number: 2014-26173
Type: Rule
Date: 2014-11-06
Agency: Department of the Treasury
The Department of the Treasury (the ``Department'' or ``Treasury''), with the concurrence of the Office of Government Ethics (OGE), is amending the Supplemental Standards of Ethical Conduct for Employees of the Department of the Treasury (the ``Supplemental Standards''). The Supplemental Standards apply only to Department personnel and augment the Standards of Ethical Conduct for Employees of the Executive Branch (``OGE Standards''). This final rule amends the Supplemental Standards to account for current Department structure resulting from organizational changes that established new offices or bureaus within Treasury and transferred certain functions and/or bureaus from the Department. This final rule also amends the Supplemental Standards applicable to employees of the Office of the Comptroller of the Currency (OCC), which generally prohibit OCC employees from investing in or borrowing from OCC supervised institutions.
Proposed Collection; Comment Request for Form 3491
Document Number: 2014-26218
Type: Notice
Date: 2014-11-05
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Form 3491, Consumer Cooperative Exemption Application.
Rate for Federal Debt Collection, Discount and Rate Evaluation
Document Number: 2014-26171
Type: Notice
Date: 2014-11-04
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
The Secretary of the Treasury is responsible for computing and publishing the percentage rate that is to be used in assessing interest charges for outstanding debts owed to the Government (The Debt Collection Act of 1982, as amended (codified at 31 U.S.C. Section 3717)). This rate is also to be used by agencies as a comparison point in evaluating the cost-effectiveness of a cash discount. In addition, this rate is to be used in determining when agencies should pay purchase card invoices when the card issuer offers a rebate (5 CFR 1315.8). Notice is hereby given that the applicable rate for calendar year 2015 is 1.00 percent.
Local Lodging Expenses; Correction
Document Number: 2014-26068
Type: Rule
Date: 2014-11-03
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains corrections to final regulations (TD 9696) that were published in the Federal Register on October 1, 2014 (79 FR 59112). The final regulations are relating to the deductibility of expenses for lodging when an individual is not travelling away from home (local lodging).
Certain Distributions Treated as Sales or Exchanges
Document Number: 2014-25487
Type: Proposed Rule
Date: 2014-11-03
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains proposed regulations that prescribe how a partner should measure its interest in a partnership's unrealized receivables and inventory items, and that provide guidance regarding the tax consequences of a distribution that causes a reduction in that interest. The proposed regulations take into account statutory changes that have occurred subsequent to the issuance of the existing regulations. The proposed regulations affect partners in partnerships that own unrealized receivables and inventory items and that make a distribution to one or more partners.
Submission for OMB Review; Comment Request
Document Number: 2014-25959
Type: Notice
Date: 2014-10-31
Agency: Department of the Treasury
The Department of the Treasury published a document in the Federal Register on October 24, 2014 (79 FR 63669), inviting comments on collections of information submitted to the Office of Management and Budget (OMB) for review. This document contained an incorrect office reference.
Submission for OMB Review; Comment Request
Document Number: 2014-25956
Type: Notice
Date: 2014-10-31
Agency: Department of the Treasury
Submission for OMB Review; Comment Request
Document Number: 2014-25951
Type: Notice
Date: 2014-10-31
Agency: Department of the Treasury
Submission for OMB Review; Comment Request
Document Number: 2014-25945
Type: Notice
Date: 2014-10-31
Agency: Department of the Treasury
Surety Companies Acceptable on Federal Bonds: Progressive Northwestern Insurance Company
Document Number: 2014-25939
Type: Notice
Date: 2014-10-31
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 2 to the Treasury Department Circular 570, 2014 Revision, published July 1, 2014, at 79 FR 37398.
Submission for OMB Review; Comment Request
Document Number: 2014-25918
Type: Notice
Date: 2014-10-31
Agency: Department of the Treasury
Designation of 1 Individual and 1 Entity Pursuant to Executive Order 13224 of September 23, 2001, “Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism”
Document Number: 2014-25811
Type: Notice
Date: 2014-10-30
Agency: Department of the Treasury, Office of Foreign Assets Control
The Treasury Department's Office of Foreign Assets Control (``OFAC'') is publishing the names of 1 individual and 1 entity whose property and interests in property are blocked pursuant to Executive Order 13224 of September 23, 2001, ``Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism.''
Loans in Areas Having Special Flood Hazards
Document Number: 2014-25722
Type: Proposed Rule
Date: 2014-10-30
Agency: Farm Credit Administration, Agencies and Commissions, Federal Deposit Insurance Corporation, Federal Reserve System, National Credit Union Administration, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), Federal Deposit Insurance Corporation (FDIC), the Farm Credit Administration (FCA), and the National Credit Union Administration (NCUA) (collectively, the Agencies) are proposing to amend their regulations regarding loans in areas having special flood hazards to implement certain provisions of the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA), which amends some of the changes to the Flood Disaster Protection Act of 1973 mandated by the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters). Specifically, the proposal would establish requirements with respect to the escrow of flood insurance payments, consistent with the changes set forth in HFIAA. The proposal also would incorporate an exemption in HFIAA for certain detached structures from the mandatory flood insurance purchase requirement. The Agencies plan to address in a separate rulemaking other provisions of Biggert-Waters over which the Agencies have jurisdiction that have not been affected by HFIAA.
Mutual Savings Association Advisory Committee
Document Number: 2014-25713
Type: Notice
Date: 2014-10-29
Agency: Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The Office of the Comptroller of the Currency (OCC) announces a meeting of the Mutual Savings Association Advisory Committee (MSAAC).