41766 Federal Register / Vol. 86, No. 146 / Tuesday, August 3, 2021 / Proposed Rules
will make its own determination about
the confidential status of the
information and treat it according to its
determination.
It is DOE’s policy that all comments
may be included in the public docket,
without change and as received,
including any personal information
provided in the comments (except
information deemed to be exempt from
public disclosure).
VI. Approval of the Office of the
Secretary
The Secretary of Energy has approved
publication of this supplemental notice
of proposed rulemaking.
List of Subjects in 10 CFR Part 430
Administrative practice and
procedure, Confidential business
information, Energy conservation,
Household appliances, Imports,
Incorporation by reference,
Intergovernmental relations, Small
businesses.
Signing Authority
This document of the Department of
Energy was signed on July 22, 2021, by
Kelly Speakes-Backman, Principal
Deputy Assistant Secretary and Acting
Assistant Secretary for Energy Efficiency
and Renewable Energy, pursuant to
delegated authority from the Secretary
of Energy. That document with the
original signature and date is
maintained by DOE. For administrative
purposes only, and in compliance with
requirements of the Office of the Federal
Register, the undersigned DOE Federal
Register Liaison Officer has been
authorized to sign and submit the
document in electronic format for
publication, as an official document of
the Department of Energy. This
administrative process in no way alters
the legal effect of this document upon
publication in the Federal Register.
Signed in Washington, DC, on July 23,
2021.
Treena V. Garrett,
Federal Register Liaison Officer, U.S.
Department of Energy.
For the reasons stated in the
preamble, DOE is proposing to amend
part 430 of Chapter II of Title 10, Code
of Federal Regulations as set forth
below:
PART 430—ENERGY CONSERVATION
PROGRAM FOR CONSUMER
PRODUCTS
■ 1. The authority citation for part 430
continues to read as follows:
Authority: 42 U.S.C. 6291–6309; 28 U.S.C.
2461 note.
■ 2. Appendix I to subpart B of part 430
is amended by:
■ a. Adding an introductory note; and
■ b. Revising section 2.1.1;
The addition and revision read as
follows:
Appendix I to Subpart B of Part 430—
Uniform Test Method for Measuring the
Energy Consumption of Cooking
Products
Note: Prior to [Date 180 days after
publication of a final rule], representations
with respect to the energy use or efficiency
of a microwave oven, including compliance
certifications, must be based on testing
conducted in accordance with either this
appendix as it now appears or appendix I as
it appeared at 10 CFR part 430, subpart B
revised as of January 1, 2021. Beginning on
[Date 180 days after publication of a final
rule] representations with respect to energy
use or efficiency of a microwave oven,
including compliance certifications, must be
based on testing conducted in accordance
with this appendix.
* * * * *
2.1.1 Microwave ovens, excluding any
microwave oven component of a combined
cooking product. Install the microwave oven
in accordance with the manufacturer’s
instructions and connect to an electrical
supply circuit with voltage as specified in
section 2.2.1 of this appendix. Install the
microwave oven in accordance with section
5, paragraph 5.2 of IEC 62301 (Second
Edition) (incorporated by reference; see
§ 430.3), disregarding the provisions
regarding batteries and the determination,
classification, and testing of relevant modes.
If the microwave oven can communicate
through a network (e.g., Bluetooth® or
internet connection), disable the network
function, by means provided in the
manufacturer’s user manual, for the duration
of testing. If the manufacturer’s user manual
does not provide a means for disabling the
network function, test the microwave oven
with the network function in the factory
default setting or in the as-shipped condition
as instructed in Section 5, Paragraph 5.2 of
IEC 62301 (Second Edition). The clock
display must be on, regardless of
manufacturer’s instructions or default setting
or supplied setting. The clock display must
remain on during testing, unless the clock
display powers down automatically with no
option for the consumer to override this
function. Install a watt meter in the circuit
that meets the requirements of section 2.6.1.1
of this appendix.
* * * * *
[FR Doc. 2021–16023 Filed 8–2–21; 8:45 am]
BILLING CODE 6450–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Part 330
RIN 3064–AF27
Simplification of Deposit Insurance
Rules
AGENCY: Federal Deposit Insurance
Corporation.
ACTION: Notice of proposed rulemaking.
SUMMARY: The Federal Deposit
Insurance Corporation is seeking
comment on proposed amendments to
its regulations governing deposit
insurance coverage. The proposed rule
would simplify the deposit insurance
regulations by establishing a ‘‘trust
accounts’’ category that would provide
for coverage of deposits of both
revocable trusts and irrevocable trusts,
and provide consistent deposit
insurance treatment for all mortgage
servicing account balances held to
satisfy principal and interest obligations
to a lender.
DATES: Comments will be accepted until
October 4, 2021.
ADDRESSES: You may submit comments
on the notice of proposed rulemaking
using any of the following methods:
• Agency Website: https://
www.fdic.gov/resources/regulations/
federal-register-publications/. Follow
the instructions for submitting
comments on the agency website.
• Email: comments@fdic.gov. Include
RIN 3064–AF27 on the subject line of
the message.
• Mail: James P. Sheesley, Assistant
Executive Secretary, Attention:
Comments-RIN 3064–AF27, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
• Hand Delivery: Comments may be
hand delivered to the guard station at
the rear of the 550 17th Street NW
building (located on F Street) on
business days between 7 a.m. and 5 p.m.
• Public Inspection: All comments
received, including any personal
information provided, will be posted
generally without change to https://
www.fdic.gov/resources/regulations/
federal-register-publications/.
FOR FURTHER INFORMATION CONTACT:
James Watts, Counsel, Legal Division,
(202) 898–6678, jwatts@fdic.gov;
Kathryn Marks, Counsel, Legal Division,
(202) 898–3896, kmarks@fdic.gov.
SUPPLEMENTARY INFORMATION:
Table of Contents
I. Simplification of Deposit Insurance Trust
Rules
A. Policy Objectives
VerDate Sep<11>2014 16:59 Aug 02, 2021 Jkt 253001 PO 00000 Frm 00008 Fmt 4702 Sfmt 4702 E:\FR\FM\03AUP1.SGM 03AUP1
jbell on DSKJLSW7X2PROD with PROPOSALS
will make its own determination about
the confidential status of the
information and treat it according to its
determination.
It is DOE’s policy that all comments
may be included in the public docket,
without change and as received,
including any personal information
provided in the comments (except
information deemed to be exempt from
public disclosure).
VI. Approval of the Office of the
Secretary
The Secretary of Energy has approved
publication of this supplemental notice
of proposed rulemaking.
List of Subjects in 10 CFR Part 430
Administrative practice and
procedure, Confidential business
information, Energy conservation,
Household appliances, Imports,
Incorporation by reference,
Intergovernmental relations, Small
businesses.
Signing Authority
This document of the Department of
Energy was signed on July 22, 2021, by
Kelly Speakes-Backman, Principal
Deputy Assistant Secretary and Acting
Assistant Secretary for Energy Efficiency
and Renewable Energy, pursuant to
delegated authority from the Secretary
of Energy. That document with the
original signature and date is
maintained by DOE. For administrative
purposes only, and in compliance with
requirements of the Office of the Federal
Register, the undersigned DOE Federal
Register Liaison Officer has been
authorized to sign and submit the
document in electronic format for
publication, as an official document of
the Department of Energy. This
administrative process in no way alters
the legal effect of this document upon
publication in the Federal Register.
Signed in Washington, DC, on July 23,
2021.
Treena V. Garrett,
Federal Register Liaison Officer, U.S.
Department of Energy.
For the reasons stated in the
preamble, DOE is proposing to amend
part 430 of Chapter II of Title 10, Code
of Federal Regulations as set forth
below:
PART 430—ENERGY CONSERVATION
PROGRAM FOR CONSUMER
PRODUCTS
■ 1. The authority citation for part 430
continues to read as follows:
Authority: 42 U.S.C. 6291–6309; 28 U.S.C.
2461 note.
■ 2. Appendix I to subpart B of part 430
is amended by:
■ a. Adding an introductory note; and
■ b. Revising section 2.1.1;
The addition and revision read as
follows:
Appendix I to Subpart B of Part 430—
Uniform Test Method for Measuring the
Energy Consumption of Cooking
Products
Note: Prior to [Date 180 days after
publication of a final rule], representations
with respect to the energy use or efficiency
of a microwave oven, including compliance
certifications, must be based on testing
conducted in accordance with either this
appendix as it now appears or appendix I as
it appeared at 10 CFR part 430, subpart B
revised as of January 1, 2021. Beginning on
[Date 180 days after publication of a final
rule] representations with respect to energy
use or efficiency of a microwave oven,
including compliance certifications, must be
based on testing conducted in accordance
with this appendix.
* * * * *
2.1.1 Microwave ovens, excluding any
microwave oven component of a combined
cooking product. Install the microwave oven
in accordance with the manufacturer’s
instructions and connect to an electrical
supply circuit with voltage as specified in
section 2.2.1 of this appendix. Install the
microwave oven in accordance with section
5, paragraph 5.2 of IEC 62301 (Second
Edition) (incorporated by reference; see
§ 430.3), disregarding the provisions
regarding batteries and the determination,
classification, and testing of relevant modes.
If the microwave oven can communicate
through a network (e.g., Bluetooth® or
internet connection), disable the network
function, by means provided in the
manufacturer’s user manual, for the duration
of testing. If the manufacturer’s user manual
does not provide a means for disabling the
network function, test the microwave oven
with the network function in the factory
default setting or in the as-shipped condition
as instructed in Section 5, Paragraph 5.2 of
IEC 62301 (Second Edition). The clock
display must be on, regardless of
manufacturer’s instructions or default setting
or supplied setting. The clock display must
remain on during testing, unless the clock
display powers down automatically with no
option for the consumer to override this
function. Install a watt meter in the circuit
that meets the requirements of section 2.6.1.1
of this appendix.
* * * * *
[FR Doc. 2021–16023 Filed 8–2–21; 8:45 am]
BILLING CODE 6450–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Part 330
RIN 3064–AF27
Simplification of Deposit Insurance
Rules
AGENCY: Federal Deposit Insurance
Corporation.
ACTION: Notice of proposed rulemaking.
SUMMARY: The Federal Deposit
Insurance Corporation is seeking
comment on proposed amendments to
its regulations governing deposit
insurance coverage. The proposed rule
would simplify the deposit insurance
regulations by establishing a ‘‘trust
accounts’’ category that would provide
for coverage of deposits of both
revocable trusts and irrevocable trusts,
and provide consistent deposit
insurance treatment for all mortgage
servicing account balances held to
satisfy principal and interest obligations
to a lender.
DATES: Comments will be accepted until
October 4, 2021.
ADDRESSES: You may submit comments
on the notice of proposed rulemaking
using any of the following methods:
• Agency Website: https://
www.fdic.gov/resources/regulations/
federal-register-publications/. Follow
the instructions for submitting
comments on the agency website.
• Email: comments@fdic.gov. Include
RIN 3064–AF27 on the subject line of
the message.
• Mail: James P. Sheesley, Assistant
Executive Secretary, Attention:
Comments-RIN 3064–AF27, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
• Hand Delivery: Comments may be
hand delivered to the guard station at
the rear of the 550 17th Street NW
building (located on F Street) on
business days between 7 a.m. and 5 p.m.
• Public Inspection: All comments
received, including any personal
information provided, will be posted
generally without change to https://
www.fdic.gov/resources/regulations/
federal-register-publications/.
FOR FURTHER INFORMATION CONTACT:
James Watts, Counsel, Legal Division,
(202) 898–6678, jwatts@fdic.gov;
Kathryn Marks, Counsel, Legal Division,
(202) 898–3896, kmarks@fdic.gov.
SUPPLEMENTARY INFORMATION:
Table of Contents
I. Simplification of Deposit Insurance Trust
Rules
A. Policy Objectives
VerDate Sep<11>2014 16:59 Aug 02, 2021 Jkt 253001 PO 00000 Frm 00008 Fmt 4702 Sfmt 4702 E:\FR\FM\03AUP1.SGM 03AUP1
jbell on DSKJLSW7X2PROD with PROPOSALS
41767Federal Register / Vol. 86, No. 146 / Tuesday, August 3, 2021 / Proposed Rules
1 Trusts include informal revocable trusts
(commonly referred to as payable-on-death
accounts, in-trust-for accounts, or Totten trusts),
formal revocable trusts, and irrevocable trusts.
2 See 73 FR 56706 (Sep. 30, 2008).
3 In 2008, the FDIC adopted an insurance
calculation for revocable trusts that have five or
fewer beneficiaries. Under this rule, 12 CFR
330.10(a), each trust grantor is insured up to
$250,000 per beneficiary.
B. Background
1. Deposit Insurance and the FDIC’s
Statutory and Regulatory Authority
2. Evolution of Insurance Coverage of Trust
Deposits
3. Current Rules for Coverage of Trust
Deposits
4. Part 370 and Recordkeeping at the
Largest IDIs
5. Need for Further Rulemaking
C. Description of Proposed Rule
D. Examples Demonstrating Coverage
Under Current and Proposed Rules
E. Alternatives Considered
F. Request for Comment
II. Amendments to Mortgage Servicing
Account Rule
A. Policy Objectives
B. Background and Need for Rulemaking
C. Proposed Rule
D. Request for Comment
III. Regulatory Analysis
A. Expected Effects
1. Simplification of Trust Rules
2. Amendments to Mortgage Servicing
Account Rule
B. Regulatory Flexibility Act
1. Simplification of Trust Rules
2. Amendments to Mortgage Servicing
Account Rule
C. Paperwork Reduction Act
D. Riegle Community Development and
Regulatory Improvement Act
E. Treasury and General Government
Appropriations Act, 1999—Assessment
of Federal Regulations and Policies on
Families
F. Plain Language
I. Simplification of Deposit Insurance
Trust Rules
A. Policy Objectives
The Federal Deposit Insurance
Corporation (FDIC) is seeking comment
on proposed amendments to its
regulations governing deposit insurance
coverage for deposits held in connection
with trusts.1 The proposed amendments
are intended to (1) provide depositors
and bankers with a rule for trust account
coverage that is easy to understand and
(2) to facilitate the prompt payment of
deposit insurance in accordance with
the Federal Deposit Insurance Act (FDI
Act), among other objectives.
Accomplishing these objectives also
would further the FDIC’s mission in
other respects, as discussed in greater
detail below.
Clarifying Insurance Coverage for Trust
Deposits
The proposed amendments would
clarify for depositors, bankers, and other
interested parties the insurance rules
and limits for trust accounts. The
proposal both reduces the number of
rules governing coverage for trust
accounts and establishes a
straightforward calculation to determine
coverage. The deposit insurance trust
rules have evolved over time and can be
difficult to apply in some
circumstances. The proposed
amendments are intended to alleviate
some of the confusion that depositors
and bankers may experience with
respect to insurance coverage and
limits. Under the current regulations,
there are distinct and separate sets of
rules applicable to deposits of revocable
trusts and irrevocable trusts. Each set of
rules has its own criteria for coverage
and methods by which coverage is
calculated. Despite the FDIC’s efforts to
simplify the revocable trust rules in
2008,2 over the last 13 years FDIC
deposit insurance specialists have
responded to approximately 20,000
complex insurance inquiries per year on
average. More than 50 percent of
inquiries pertain to deposit insurance
coverage for trust accounts (revocable or
irrevocable). The consistently high
volume of complex inquiries about trust
accounts over an extended period of
time suggests continued confusion
about insurance limits. To help clarify
insurance limits, the proposed
amendments would further simplify
insurance coverage of trust accounts
(revocable and irrevocable) by
harmonizing the coverage criteria for
certain types of trust accounts and by
establishing a simplified formula for
calculating coverage that would apply to
these deposits. The FDIC proposes using
the calculation that the FDIC first
adopted in 2008 for revocable trust
accounts with five or fewer
beneficiaries. This formula is
straightforward and is already generally
familiar to bankers and depositors.3
Prompt Payment of Deposit Insurance
The FDI Act requires the FDIC to pay
depositors ‘‘as soon as possible’’ after a
bank failure. However, the insurance
determination and subsequent payment
for many trust deposits can be delayed
when FDIC staff must review complex
trust agreements and apply various rules
for determining deposit insurance
coverage. The proposed amendments
are intended to facilitate more timely
deposit insurance determinations for
trust accounts by reducing the amount
of time needed to review trust
agreements and determine coverage.
These amendments should promote the
FDIC’s ability to pay insurance to
depositors promptly following the
failure of an insured depository
institution (IDI), enabling depositors to
meet their financial needs and
obligations.
Facilitating Resolutions
The proposed changes will also
facilitate the resolution of failed IDIs.
The FDIC is routinely required to make
deposit insurance determinations in
connection with IDI failures. In many of
these instances, however, deposit
insurance coverage for trust deposits is
based upon information that is not
maintained in the failed IDI’s deposit
account records. As a result, FDIC staff
work with depositors, trustees, and
other parties to obtain trust
documentation following an IDI’s failure
in order to complete deposit insurance
determinations. The difficulties
associated with completing such a
determination are exacerbated by the
substantial growth in the use of formal
trusts in recent decades. The proposed
amendments could reduce the time
spent reviewing such information and
provide greater flexibility to automate
deposit insurance determinations,
thereby reducing potential delays in the
completion of deposit insurance
determinations and payments. Timely
payment of deposit insurance also helps
to avoid reductions in the franchise
value of failed IDIs, expanding
resolution options and mitigating losses.
Effects on the Deposit Insurance Fund
The FDIC is also mindful of the effect
that the proposed changes to the deposit
insurance regulations could have on
deposit insurance coverage and
generally on the Deposit Insurance Fund
(DIF), which is used to pay deposit
insurance in the event of an IDI’s
failure. The FDIC manages the DIF
according to parameters established by
Congress and continually evaluates the
adequacy of the DIF to protect insured
depositors. The FDIC’s general intent is
that proposed amendments to the trust
rules be neutral with respect to the DIF.
B. Background
1. Deposit Insurance and the FDIC’s
Statutory and Regulatory Authority
The FDIC is an independent agency
that maintains stability and public
confidence in the nation’s financial
system by: Insuring deposits; examining
and supervising IDIs for safety and
soundness and compliance with
consumer financial protection laws; and
resolving IDIs, including large and
complex financial institutions, and
managing receiverships. The FDIC has
helped to maintain public confidence in
VerDate Sep<11>2014 16:59 Aug 02, 2021 Jkt 253001 PO 00000 Frm 00009 Fmt 4702 Sfmt 4702 E:\FR\FM\03AUP1.SGM 03AUP1
jbell on DSKJLSW7X2PROD with PROPOSALS
1 Trusts include informal revocable trusts
(commonly referred to as payable-on-death
accounts, in-trust-for accounts, or Totten trusts),
formal revocable trusts, and irrevocable trusts.
2 See 73 FR 56706 (Sep. 30, 2008).
3 In 2008, the FDIC adopted an insurance
calculation for revocable trusts that have five or
fewer beneficiaries. Under this rule, 12 CFR
330.10(a), each trust grantor is insured up to
$250,000 per beneficiary.
B. Background
1. Deposit Insurance and the FDIC’s
Statutory and Regulatory Authority
2. Evolution of Insurance Coverage of Trust
Deposits
3. Current Rules for Coverage of Trust
Deposits
4. Part 370 and Recordkeeping at the
Largest IDIs
5. Need for Further Rulemaking
C. Description of Proposed Rule
D. Examples Demonstrating Coverage
Under Current and Proposed Rules
E. Alternatives Considered
F. Request for Comment
II. Amendments to Mortgage Servicing
Account Rule
A. Policy Objectives
B. Background and Need for Rulemaking
C. Proposed Rule
D. Request for Comment
III. Regulatory Analysis
A. Expected Effects
1. Simplification of Trust Rules
2. Amendments to Mortgage Servicing
Account Rule
B. Regulatory Flexibility Act
1. Simplification of Trust Rules
2. Amendments to Mortgage Servicing
Account Rule
C. Paperwork Reduction Act
D. Riegle Community Development and
Regulatory Improvement Act
E. Treasury and General Government
Appropriations Act, 1999—Assessment
of Federal Regulations and Policies on
Families
F. Plain Language
I. Simplification of Deposit Insurance
Trust Rules
A. Policy Objectives
The Federal Deposit Insurance
Corporation (FDIC) is seeking comment
on proposed amendments to its
regulations governing deposit insurance
coverage for deposits held in connection
with trusts.1 The proposed amendments
are intended to (1) provide depositors
and bankers with a rule for trust account
coverage that is easy to understand and
(2) to facilitate the prompt payment of
deposit insurance in accordance with
the Federal Deposit Insurance Act (FDI
Act), among other objectives.
Accomplishing these objectives also
would further the FDIC’s mission in
other respects, as discussed in greater
detail below.
Clarifying Insurance Coverage for Trust
Deposits
The proposed amendments would
clarify for depositors, bankers, and other
interested parties the insurance rules
and limits for trust accounts. The
proposal both reduces the number of
rules governing coverage for trust
accounts and establishes a
straightforward calculation to determine
coverage. The deposit insurance trust
rules have evolved over time and can be
difficult to apply in some
circumstances. The proposed
amendments are intended to alleviate
some of the confusion that depositors
and bankers may experience with
respect to insurance coverage and
limits. Under the current regulations,
there are distinct and separate sets of
rules applicable to deposits of revocable
trusts and irrevocable trusts. Each set of
rules has its own criteria for coverage
and methods by which coverage is
calculated. Despite the FDIC’s efforts to
simplify the revocable trust rules in
2008,2 over the last 13 years FDIC
deposit insurance specialists have
responded to approximately 20,000
complex insurance inquiries per year on
average. More than 50 percent of
inquiries pertain to deposit insurance
coverage for trust accounts (revocable or
irrevocable). The consistently high
volume of complex inquiries about trust
accounts over an extended period of
time suggests continued confusion
about insurance limits. To help clarify
insurance limits, the proposed
amendments would further simplify
insurance coverage of trust accounts
(revocable and irrevocable) by
harmonizing the coverage criteria for
certain types of trust accounts and by
establishing a simplified formula for
calculating coverage that would apply to
these deposits. The FDIC proposes using
the calculation that the FDIC first
adopted in 2008 for revocable trust
accounts with five or fewer
beneficiaries. This formula is
straightforward and is already generally
familiar to bankers and depositors.3
Prompt Payment of Deposit Insurance
The FDI Act requires the FDIC to pay
depositors ‘‘as soon as possible’’ after a
bank failure. However, the insurance
determination and subsequent payment
for many trust deposits can be delayed
when FDIC staff must review complex
trust agreements and apply various rules
for determining deposit insurance
coverage. The proposed amendments
are intended to facilitate more timely
deposit insurance determinations for
trust accounts by reducing the amount
of time needed to review trust
agreements and determine coverage.
These amendments should promote the
FDIC’s ability to pay insurance to
depositors promptly following the
failure of an insured depository
institution (IDI), enabling depositors to
meet their financial needs and
obligations.
Facilitating Resolutions
The proposed changes will also
facilitate the resolution of failed IDIs.
The FDIC is routinely required to make
deposit insurance determinations in
connection with IDI failures. In many of
these instances, however, deposit
insurance coverage for trust deposits is
based upon information that is not
maintained in the failed IDI’s deposit
account records. As a result, FDIC staff
work with depositors, trustees, and
other parties to obtain trust
documentation following an IDI’s failure
in order to complete deposit insurance
determinations. The difficulties
associated with completing such a
determination are exacerbated by the
substantial growth in the use of formal
trusts in recent decades. The proposed
amendments could reduce the time
spent reviewing such information and
provide greater flexibility to automate
deposit insurance determinations,
thereby reducing potential delays in the
completion of deposit insurance
determinations and payments. Timely
payment of deposit insurance also helps
to avoid reductions in the franchise
value of failed IDIs, expanding
resolution options and mitigating losses.
Effects on the Deposit Insurance Fund
The FDIC is also mindful of the effect
that the proposed changes to the deposit
insurance regulations could have on
deposit insurance coverage and
generally on the Deposit Insurance Fund
(DIF), which is used to pay deposit
insurance in the event of an IDI’s
failure. The FDIC manages the DIF
according to parameters established by
Congress and continually evaluates the
adequacy of the DIF to protect insured
depositors. The FDIC’s general intent is
that proposed amendments to the trust
rules be neutral with respect to the DIF.
B. Background
1. Deposit Insurance and the FDIC’s
Statutory and Regulatory Authority
The FDIC is an independent agency
that maintains stability and public
confidence in the nation’s financial
system by: Insuring deposits; examining
and supervising IDIs for safety and
soundness and compliance with
consumer financial protection laws; and
resolving IDIs, including large and
complex financial institutions, and
managing receiverships. The FDIC has
helped to maintain public confidence in
VerDate Sep<11>2014 16:59 Aug 02, 2021 Jkt 253001 PO 00000 Frm 00009 Fmt 4702 Sfmt 4702 E:\FR\FM\03AUP1.SGM 03AUP1
jbell on DSKJLSW7X2PROD with PROPOSALS