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.
Rules and Regulations Federal Register
66155
Vol. 86, No. 222
Monday, November 22, 2021
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Part 363
RIN 3064–AF77
Applicability of Annual Independent
Audits and Reporting Requirements
for Fiscal Years Ending in 2021;
Correction
AGENCY: Federal Deposit Insurance
Corporation (FDIC).
ACTION: Correcting amendment.
SUMMARY: This document contains a
correction to the authority citation and
regulatory text regarding the
applicability of annual independent
audits and reporting requirements for
fiscal years ending in 2021, which was
published in an interim final rule (IFR)
on October 23, 2020.
DATES: This correcting amendment is
effective on November 22, 2021, except
for instruction 3, which is effective
November 22, 2021 through December
31, 2021.
FOR FURTHER INFORMATION CONTACT:
Harrison E. Greene, Jr., Assistant Chief
Accountant, (202) 898–8905, hgreene@
fdic.gov; Shannon M. Beattie, Section
Chief and Deputy Chief Accountant,
(202) 898–3952, sbeattie@fdic.gov; John
Rieger, Chief Accountant, (202) 898–
3602, jrieger@fdic.gov; Mark G.
Flanigan, Senior Counsel, (202) 898–
7426, mflanigan@fdic.gov; Joyce M.
Raidle, Counsel, (202) 898–6763,
jraidle@fdic.gov, Legal Division, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429. For
the hearing impaired only,
Telecommunication Device for the Deaf
(TDD), (800) 925–4618.
SUPPLEMENTARY INFORMATION:
I. Background
On October 23, 2020, the FDIC issued
an IFR allowing insured depository
institutions (IDIs) to determine the
applicability of part 363 of the FDIC’s
regulations for fiscal years ending in
2021 based on the lesser of the IDI’s (a)
consolidated total assets as of December
31, 2019; or (b) consolidated total assets
as of the beginning of their fiscal years
ending in 2021.
Notwithstanding the temporary relief
provided by the IFR, IDIs remain subject
to any audit and reporting requirements
applicable under other laws and
regulations. Also, the FDIC reserves the
authority to require an IDI to comply
with one or more requirements under
part 363 if the FDIC determines that
asset growth was related to a merger or
acquisition.
Need for Correction
This correcting amendment makes no
change to the relief provided by the IFR
originally published, but clarifies the
authority citation and revises 12 CFR
363.1 by removing the temporary relief
regarding the applicability of annual
independent audits and reporting
requirements for fiscal years ending in
2021 from paragraph (a) and adding the
temporary relief into paragraph (e).
List of Subjects in 12 CFR Part 363
Accounting, Administrative practice
and procedure, Banks, Banking,
Reporting and recordkeeping
requirements.
For the reasons stated in the
preamble, the FDIC makes the following
correcting amendment to 12 CFR part
363:
PART 363—ANNUAL INDEPENDENT
AUDITS AND REPORTING
REQUIREMENTS
■ 1. The authority citation for part 363
is revised to read as follows:
Authority: 12 U.S.C. 1831m.
■ 2. Amend § 363.1 by revising
paragraph (a) to read as follows:
§ 363.1 Scope and definitions.
(a) Applicability. This part applies to
any insured depository institution with
respect to any fiscal year in which its
consolidated total assets as of the
beginning of such fiscal year are $500
million or more. The requirements
specified in this part are in addition to
any other statutory and regulatory
requirements otherwise applicable to an
insured depository institution.
* * * * *
■ 3. Effective November 22, 2021
through December 31, 2021, further
amend § 363.1 by adding paragraph (e)
to read as follows:
§ 363.1 Scope and definitions.
* * * * *
(e) Temporary relief. (1)
Notwithstanding paragraph (a) of this
section and for all requirements in this
part, with respect to any fiscal year
ending in 2021, an insured depository
institution’s consolidated total assets
shall be determined based on the lesser
of an insured depository institution’s
consolidated total assets as of December
31, 2019, or an insured depository
institution’s consolidated total assets as
of the beginning of its fiscal year ending
in 2021.
(2) Until December 31, 2021, the FDIC
reserves the authority to require an
insured depository institution to comply
with one or more requirements under
this part if the FDIC determines that
asset growth was related to a merger or
acquisition.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on November 16,
2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021–25415 Filed 11–19–21; 8:45 am]
BILLING CODE 6714–01–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 39
[Docket No. FAA–2021–1008; Project
Identifier MCAI–2021–01210–T; Amendment
39–21828; AD 2021–24–07]
RIN 2120–AA64
Airworthiness Directives; ATR—GIE
Avions de Transport Re ́ gional
Airplanes
AGENCY: Federal Aviation
Administration (FAA), DOT.
ACTION: Final rule; request for
comments.
SUMMARY: The FAA is adopting a new
airworthiness directive (AD) for certain
ATR—GIE Avions de Transport
Re·gional Model ATR42 airplanes and
Model ATR72 airplanes. This AD was
prompted by a report of a certain
procedure in the aircraft maintenance
VerDate Sep<11>2014 17:19 Nov 19, 2021 Jkt 256001 PO 00000 Frm 00001 Fmt 4700 Sfmt 4700 E:\FR\FM\22NOR1.SGM 22NOR1
jspears on DSK121TN23PROD with RULES1
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.
Rules and Regulations Federal Register
66155
Vol. 86, No. 222
Monday, November 22, 2021
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Part 363
RIN 3064–AF77
Applicability of Annual Independent
Audits and Reporting Requirements
for Fiscal Years Ending in 2021;
Correction
AGENCY: Federal Deposit Insurance
Corporation (FDIC).
ACTION: Correcting amendment.
SUMMARY: This document contains a
correction to the authority citation and
regulatory text regarding the
applicability of annual independent
audits and reporting requirements for
fiscal years ending in 2021, which was
published in an interim final rule (IFR)
on October 23, 2020.
DATES: This correcting amendment is
effective on November 22, 2021, except
for instruction 3, which is effective
November 22, 2021 through December
31, 2021.
FOR FURTHER INFORMATION CONTACT:
Harrison E. Greene, Jr., Assistant Chief
Accountant, (202) 898–8905, hgreene@
fdic.gov; Shannon M. Beattie, Section
Chief and Deputy Chief Accountant,
(202) 898–3952, sbeattie@fdic.gov; John
Rieger, Chief Accountant, (202) 898–
3602, jrieger@fdic.gov; Mark G.
Flanigan, Senior Counsel, (202) 898–
7426, mflanigan@fdic.gov; Joyce M.
Raidle, Counsel, (202) 898–6763,
jraidle@fdic.gov, Legal Division, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429. For
the hearing impaired only,
Telecommunication Device for the Deaf
(TDD), (800) 925–4618.
SUPPLEMENTARY INFORMATION:
I. Background
On October 23, 2020, the FDIC issued
an IFR allowing insured depository
institutions (IDIs) to determine the
applicability of part 363 of the FDIC’s
regulations for fiscal years ending in
2021 based on the lesser of the IDI’s (a)
consolidated total assets as of December
31, 2019; or (b) consolidated total assets
as of the beginning of their fiscal years
ending in 2021.
Notwithstanding the temporary relief
provided by the IFR, IDIs remain subject
to any audit and reporting requirements
applicable under other laws and
regulations. Also, the FDIC reserves the
authority to require an IDI to comply
with one or more requirements under
part 363 if the FDIC determines that
asset growth was related to a merger or
acquisition.
Need for Correction
This correcting amendment makes no
change to the relief provided by the IFR
originally published, but clarifies the
authority citation and revises 12 CFR
363.1 by removing the temporary relief
regarding the applicability of annual
independent audits and reporting
requirements for fiscal years ending in
2021 from paragraph (a) and adding the
temporary relief into paragraph (e).
List of Subjects in 12 CFR Part 363
Accounting, Administrative practice
and procedure, Banks, Banking,
Reporting and recordkeeping
requirements.
For the reasons stated in the
preamble, the FDIC makes the following
correcting amendment to 12 CFR part
363:
PART 363—ANNUAL INDEPENDENT
AUDITS AND REPORTING
REQUIREMENTS
■ 1. The authority citation for part 363
is revised to read as follows:
Authority: 12 U.S.C. 1831m.
■ 2. Amend § 363.1 by revising
paragraph (a) to read as follows:
§ 363.1 Scope and definitions.
(a) Applicability. This part applies to
any insured depository institution with
respect to any fiscal year in which its
consolidated total assets as of the
beginning of such fiscal year are $500
million or more. The requirements
specified in this part are in addition to
any other statutory and regulatory
requirements otherwise applicable to an
insured depository institution.
* * * * *
■ 3. Effective November 22, 2021
through December 31, 2021, further
amend § 363.1 by adding paragraph (e)
to read as follows:
§ 363.1 Scope and definitions.
* * * * *
(e) Temporary relief. (1)
Notwithstanding paragraph (a) of this
section and for all requirements in this
part, with respect to any fiscal year
ending in 2021, an insured depository
institution’s consolidated total assets
shall be determined based on the lesser
of an insured depository institution’s
consolidated total assets as of December
31, 2019, or an insured depository
institution’s consolidated total assets as
of the beginning of its fiscal year ending
in 2021.
(2) Until December 31, 2021, the FDIC
reserves the authority to require an
insured depository institution to comply
with one or more requirements under
this part if the FDIC determines that
asset growth was related to a merger or
acquisition.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on November 16,
2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021–25415 Filed 11–19–21; 8:45 am]
BILLING CODE 6714–01–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 39
[Docket No. FAA–2021–1008; Project
Identifier MCAI–2021–01210–T; Amendment
39–21828; AD 2021–24–07]
RIN 2120–AA64
Airworthiness Directives; ATR—GIE
Avions de Transport Re ́ gional
Airplanes
AGENCY: Federal Aviation
Administration (FAA), DOT.
ACTION: Final rule; request for
comments.
SUMMARY: The FAA is adopting a new
airworthiness directive (AD) for certain
ATR—GIE Avions de Transport
Re·gional Model ATR42 airplanes and
Model ATR72 airplanes. This AD was
prompted by a report of a certain
procedure in the aircraft maintenance
VerDate Sep<11>2014 17:19 Nov 19, 2021 Jkt 256001 PO 00000 Frm 00001 Fmt 4700 Sfmt 4700 E:\FR\FM\22NOR1.SGM 22NOR1
jspears on DSK121TN23PROD with RULES1