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.
Proposed Rules Federal Register
37602
Vol. 66, No. 139
Thursday, July 19, 2001
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
12 CFR Part 25
[Docket No. 01–16]
RIN 1557–AB98
FEDERAL RESERVE SYSTEM
12 CFR Part 228
[Regulation BB; Docket No. R–1112]
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Part 345
RIN 3064–AC50
DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
12 CFR Part 563e
[Docket No. 2001–49]
RIN 1550–AB48
Community Reinvestment Act
Regulations
AGENCIES: Office of the Comptroller of
the Currency, Treasury (OCC); Board of
Governors of the Federal Reserve
System (Board); Federal Deposit
Insurance Corporation (FDIC); Office of
Thrift Supervision, Treasury (OTS).
ACTION: Joint advance notice of
proposed rulemaking.
SUMMARY: The OCC, Board, FDIC, and
OTS (collectively, ‘‘we’’ or ‘‘the
agencies’’) are beginning a review of our
Community Reinvestment Act (CRA)
regulations. This advance notice of
proposed rulemaking (ANPR) seeks
public comment on a wide range of
questions as part of our review. We also
welcome comments discussing other
aspects of the CRA regulations and
suggesting ways to improve the efficacy
of the regulations.
DATES: Comments must be received by
October 17, 2001.
ADDRESSES: OCC: Please direct your
comments to: Docket No. 01–16,
Communications Division, Public
Information Room, Mailstop 1–5, Office
of the Comptroller of the Currency, 250
E Street, SW., Washington, DC 20219.
You can inspect and photocopy all
comments received at that address. In
addition, you may send comments by
facsimile transmission to fax number
(202) 874–4448, or by electronic mail to
regs.comments@occ.treas.gov.
Board: Comments should refer to
Docket No. R–1112 and should be
mailed to Ms. Jennifer J. Johnson,
Secretary, Board of Governors of the
Federal Reserve System, 20th Street and
Constitution Avenue, NW., Washington,
DC 20551, or mailed electronically to
regs.comments@federalreserve.gov.
Comments addressed to Ms. Johnson
may also be delivered to the Board’s
mailroom between 8:45 a.m. and 5:15
p.m., and to the security control room
outside those hours. Both the mailroom
and the security control room are
accessible from the Eccles Building
courtyard entrance, located on 20th
Street between Constitution Avenue and
C Street, NW. Members of the public
may inspect comments in Room MP–
500 of the Martin Building between 9:00
a.m. and 5:00 p.m. on weekdays.
FDIC: Mail: Written comments should
be addressed to Robert E. Feldman,
Executive Secretary, Attention:
Comments/OES, Federal Deposit
Insurance Corporation, 550 17th Street,
NW., Washington, DC 20429.
Delivery: Comments may be hand
delivered to the guard station at the rear
of the 550 17th Street Building (located
on F Street) on business days between
7:00 a.m. and 5:00 p.m.
Facsimile: Send facsimile
transmissions to fax number (202) 898–
3838.
Electronic: Comments may be
submitted to the FDIC electronically
over the Internet at http://
www.fdic.gov/regulations/laws/
publiccomments/index.html. The FDIC
has included a page on its web site to
facilitate the submission of electronic
comments in response to this ANPR
concerning the CRA regulations (the
EPC site). The EPC site provides an
alternative to the written letter and may
be a more convenient way for you to
submit your comments or suggestions
concerning the ANPR to the FDIC. If you
submit comments through the EPC site,
your comments will receive the same
consideration that they would receive if
submitted in hard copy to the FDIC’s
street address. Like comments or
suggestions submitted in hard copy to
the FDIC’s street address, EPC site
comments will be made available in
their entirety (including the
commenter’s name and address if the
commenter chooses to provide them) for
public inspection. The FDIC, however,
will not use an individual’s name or any
other personal identifier of an
individual to retrieve records or
information submitted through the EPC
site. You will be able to view the ANPR
directly on the EPC site and provide
written comments and suggestions in
the spaces provided.
You may also electronically mail
comments to comments@fdic.gov.
Public Inspection: Comments may be
inspected and photocopied in the FDIC
Public Information Center, Room 100,
801 17th Street, NW., Washington, DC
20429, between 9:00 a.m. and 4:30 p.m.
on business days.
OTS: Mail: Send comments to
Regulation Comments, Chief Counsel’s
Office, Office of Thrift Supervision,
1700 G Street, NW., Washington, DC
20552, Attention Docket No. 2001–49.
Delivery: Hand deliver comments to
the Guard’s Desk, East Lobby Entrance,
1700 G Street, NW., from 9:00 a.m. to
4:00 p.m. on business days, Attention:
Regulation Comments, Chief Counsel’s
Office, Attention Docket No. 2001–49.
Facsimiles: Send facsimile
transmissions to FAX Number (202)
906–6518, Attention: Docket No. 2001–
49.
E-Mail: Send e-mails to
regs.comments@ots.treas.gov, Attention
Docket No. 2001–49 and include your
name and telephone number.
Public Inspection: Comments and the
related index will be posted on the OTS
Internet Site at http://
www.ots.treas.gov. In addition, you may
inspect comments at the Public
Reference Room, 1700 G Street, NW., by
appointment. To make an appointment
for access, call (202) 906–5922, send an
e-mail to public.info@ots.treas.gov, or
send a facsimile transmission to (202)
906–7755. (Prior notice identifying the
material you will be requesting will
assist us in serving you.) Appointments
will be scheduled on business days
VerDate 11<MAY>2000 17:01 Jul 18, 2001 Jkt 194001 PO 00000 Frm 00001 Fmt 4702 Sfmt 4702 E:\FR\FM\19JYP1.SGM pfrm11 PsN: 19JYP1
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.
Proposed Rules Federal Register
37602
Vol. 66, No. 139
Thursday, July 19, 2001
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
12 CFR Part 25
[Docket No. 01–16]
RIN 1557–AB98
FEDERAL RESERVE SYSTEM
12 CFR Part 228
[Regulation BB; Docket No. R–1112]
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Part 345
RIN 3064–AC50
DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
12 CFR Part 563e
[Docket No. 2001–49]
RIN 1550–AB48
Community Reinvestment Act
Regulations
AGENCIES: Office of the Comptroller of
the Currency, Treasury (OCC); Board of
Governors of the Federal Reserve
System (Board); Federal Deposit
Insurance Corporation (FDIC); Office of
Thrift Supervision, Treasury (OTS).
ACTION: Joint advance notice of
proposed rulemaking.
SUMMARY: The OCC, Board, FDIC, and
OTS (collectively, ‘‘we’’ or ‘‘the
agencies’’) are beginning a review of our
Community Reinvestment Act (CRA)
regulations. This advance notice of
proposed rulemaking (ANPR) seeks
public comment on a wide range of
questions as part of our review. We also
welcome comments discussing other
aspects of the CRA regulations and
suggesting ways to improve the efficacy
of the regulations.
DATES: Comments must be received by
October 17, 2001.
ADDRESSES: OCC: Please direct your
comments to: Docket No. 01–16,
Communications Division, Public
Information Room, Mailstop 1–5, Office
of the Comptroller of the Currency, 250
E Street, SW., Washington, DC 20219.
You can inspect and photocopy all
comments received at that address. In
addition, you may send comments by
facsimile transmission to fax number
(202) 874–4448, or by electronic mail to
regs.comments@occ.treas.gov.
Board: Comments should refer to
Docket No. R–1112 and should be
mailed to Ms. Jennifer J. Johnson,
Secretary, Board of Governors of the
Federal Reserve System, 20th Street and
Constitution Avenue, NW., Washington,
DC 20551, or mailed electronically to
regs.comments@federalreserve.gov.
Comments addressed to Ms. Johnson
may also be delivered to the Board’s
mailroom between 8:45 a.m. and 5:15
p.m., and to the security control room
outside those hours. Both the mailroom
and the security control room are
accessible from the Eccles Building
courtyard entrance, located on 20th
Street between Constitution Avenue and
C Street, NW. Members of the public
may inspect comments in Room MP–
500 of the Martin Building between 9:00
a.m. and 5:00 p.m. on weekdays.
FDIC: Mail: Written comments should
be addressed to Robert E. Feldman,
Executive Secretary, Attention:
Comments/OES, Federal Deposit
Insurance Corporation, 550 17th Street,
NW., Washington, DC 20429.
Delivery: Comments may be hand
delivered to the guard station at the rear
of the 550 17th Street Building (located
on F Street) on business days between
7:00 a.m. and 5:00 p.m.
Facsimile: Send facsimile
transmissions to fax number (202) 898–
3838.
Electronic: Comments may be
submitted to the FDIC electronically
over the Internet at http://
www.fdic.gov/regulations/laws/
publiccomments/index.html. The FDIC
has included a page on its web site to
facilitate the submission of electronic
comments in response to this ANPR
concerning the CRA regulations (the
EPC site). The EPC site provides an
alternative to the written letter and may
be a more convenient way for you to
submit your comments or suggestions
concerning the ANPR to the FDIC. If you
submit comments through the EPC site,
your comments will receive the same
consideration that they would receive if
submitted in hard copy to the FDIC’s
street address. Like comments or
suggestions submitted in hard copy to
the FDIC’s street address, EPC site
comments will be made available in
their entirety (including the
commenter’s name and address if the
commenter chooses to provide them) for
public inspection. The FDIC, however,
will not use an individual’s name or any
other personal identifier of an
individual to retrieve records or
information submitted through the EPC
site. You will be able to view the ANPR
directly on the EPC site and provide
written comments and suggestions in
the spaces provided.
You may also electronically mail
comments to comments@fdic.gov.
Public Inspection: Comments may be
inspected and photocopied in the FDIC
Public Information Center, Room 100,
801 17th Street, NW., Washington, DC
20429, between 9:00 a.m. and 4:30 p.m.
on business days.
OTS: Mail: Send comments to
Regulation Comments, Chief Counsel’s
Office, Office of Thrift Supervision,
1700 G Street, NW., Washington, DC
20552, Attention Docket No. 2001–49.
Delivery: Hand deliver comments to
the Guard’s Desk, East Lobby Entrance,
1700 G Street, NW., from 9:00 a.m. to
4:00 p.m. on business days, Attention:
Regulation Comments, Chief Counsel’s
Office, Attention Docket No. 2001–49.
Facsimiles: Send facsimile
transmissions to FAX Number (202)
906–6518, Attention: Docket No. 2001–
49.
E-Mail: Send e-mails to
regs.comments@ots.treas.gov, Attention
Docket No. 2001–49 and include your
name and telephone number.
Public Inspection: Comments and the
related index will be posted on the OTS
Internet Site at http://
www.ots.treas.gov. In addition, you may
inspect comments at the Public
Reference Room, 1700 G Street, NW., by
appointment. To make an appointment
for access, call (202) 906–5922, send an
e-mail to public.info@ots.treas.gov, or
send a facsimile transmission to (202)
906–7755. (Prior notice identifying the
material you will be requesting will
assist us in serving you.) Appointments
will be scheduled on business days
VerDate 11<MAY>2000 17:01 Jul 18, 2001 Jkt 194001 PO 00000 Frm 00001 Fmt 4702 Sfmt 4702 E:\FR\FM\19JYP1.SGM pfrm11 PsN: 19JYP1
37603Federal Register / Vol. 66, No. 139 / Thursday, July 19, 2001 / Proposed Rules
between 10:00 a.m. and 4:00 p.m. In
most cases, appointments will be
available the next business day
following the date a request is received.
FOR FURTHER INFORMATION CONTACT:
OCC: Karen Tucker, National Bank
Examiner, Community and Consumer
Policy Division, (202) 874–4428;
Margaret Hesse, Special Counsel,
Community and Consumer Law
Division, (202) 874–5750; or Patrick
Tierney, Attorney, Legislative &
Regulatory Activities Division, (202)
874–5090, Office of the Comptroller of
the Currency, 250 E Street, SW.,
Washington, DC 20219.
Board: William T. Coffey, Senior
Review Examiner, (202) 452–3946;
Catherine M.J. Gates, Oversight Team
Leader, (202) 452–3946; or Kathleen C.
Ryan, Senior Attorney, (202) 452–3667,
Division of Consumer and Community
Affairs, Board of Governors of the
Federal Reserve System, 20th Street and
Constitution Avenue, NW., Washington,
DC 20551.
FDIC: Deanna Caldwell, Senior Policy
Analyst, (202) 942–3366; Stephanie
Caputo, Fair Lending Specialist (202)
942–3413; or Robert Mooney, Assistant
Director, (202) 942–3378, Division of
Compliance and Consumer Affairs; or
Ann Johnson, Counsel, Legal Division,
(202) 898–3573, Federal Deposit
Insurance Corporation, 550 17th Street,
NW., Washington, DC 20429.
OTS: Celeste Anderson, Policy
Analyst, Compliance Policy, (202) 906–
7990; Theresa A. Stark, Project Manager,
Compliance Policy, (202) 906–7054; or
Richard Bennett, Counsel (Banking and
Finance), (202) 906–7409, Office of
Thrift Supervision, 1700 G Street, NW.,
Washington, DC 20552.
SUPPLEMENTARY INFORMATION:
Introduction
The Federal financial supervisory
agencies are jointly undertaking a
review of our CRA regulations, in
fulfillment of our commitment to do so
when we adopted the current
regulations in 1995. See 60 FR 22156,
22177 (May 4, 1995). This ANPR marks
the beginning of our assessment of the
effectiveness of the regulations in
achieving their original goals of (1)
emphasizing in examinations an
institution’s actual performance in,
rather than its process for, addressing
CRA responsibilities; (2) promoting
consistency in evaluations; and (3)
eliminating unnecessary burden. Any
regulatory changes that we determine to
be necessary to improve the regulations’
effectiveness will be made in a
rulemaking after completion of this
review.
With our initiation of this
comprehensive review of the
regulations, we seek to determine
whether, and if so, how, the regulations
should be amended to better evaluate
financial institutions’ performance
under the CRA, consistent with the
authority, mandate, and intent of the
statute. We encourage comments from
the industry and the public on all
aspects of this ANPR, as well as other
concerns regarding the regulations that
may not be represented, in order to
ensure a full discussion of the issues.
Background
In 1977, Congress enacted the CRA to
encourage federally insured banks and
thrifts to help meet the credit needs of
their entire communities, including
low-and moderate-income
neighborhoods, consistent with safe and
sound banking practices. 12 U.S.C. 2901
et seq. In the CRA, Congress determined
that:
(1) Regulated financial institutions are
required by law to demonstrate that
their deposit facilities serve the
convenience and needs of the
communities in which they are
chartered to do business;
(2) The convenience and needs of
communities include the need for credit
services as well as deposit services; and
(3) Regulated financial institutions
have continuing and affirmative
obligation[s] to help meet the credit
needs of the local communities in
which they are chartered. (12 U.S.C.
2901(a).) Further, Congress directed the
agencies to assess an institution’s record
of meeting the credit needs of its entire
community, and to consider that record
when acting on an application for a
deposit facility.
In 1993, we initiated a reform of our
CRA regulations. The goal of the reform
was to develop revised rules that would
clarify how we would evaluate the
performance of the institutions we
supervise. It also was our goal to
develop a new system of evaluating
financial institutions’ records with
respect to CRA that would focus
primarily on objective, performance-
based assessment standards that
minimize compliance burden while
stimulating improved performance.
After holding seven public hearings
and publishing two proposed rules, we
jointly issued final rules (the
‘‘regulations’’) on May 4, 1995 (60 FR
22156). See 12 CFR 25, 228, 345, and
563e, implementing 12 U.S.C. 2901 et
seq. We published related clarifying
documents on December 20, 1995 (60
FR 66048) and May 10, 1996 (61 FR
21362). To assist financial institutions
and the public, we have also provided
interpretive guidance about the
regulations in the form of questions and
answers published in the Federal
Register. See 65 FR 25088 (April 28,
2000).
Under the regulations, the agencies
evaluate a financial institution through
a performance-based examination, the
scope of which is determined by the
institution’s size and business strategy.
Large, retail-oriented institutions are
examined using the lending,
investment, and service tests. Small
institutions are examined using a
streamlined small institution test.
Wholesale and limited purpose
institutions are examined under a
community development test. And,
finally, all institutions have the option
of being evaluated under a strategic
plan. No matter which evaluation
method is used, each institution’s
performance is evaluated in a
‘‘performance context’’ that examiners
factor into their CRA evaluations. The
performance context includes
consideration of factors such as each
institution’s business strategy and
constraints, as well as the needs of, and
opportunities afforded by, the
communities served.
As stated, our goal was to make CRA
examinations more objective and
performance-based. To this end, the
regulations require large institutions to
collect, report, and disclose data on
small business, small farm and
community development loans, as well
as limited data about home mortgage
lending outside metropolitan statistical
areas (MSAs), if the institution is subject
to the Home Mortgage Disclosure Act
(HMDA).
Issues for Comment
A fundamental issue for consideration
is whether any change to the regulations
would be beneficial or is warranted.
Industry representatives, community
and consumer organization
representatives, members of Congress,
and the public have discussed the
regulations with the agencies over the
years, e.g., during examinations, in the
application process, at conferences, and
at other meetings. Some suggest that the
regulations work reasonably well and
that little or no change is necessary.
Others suggest that more extensive
changes may be needed to reflect the
significant changes in the delivery of
services and expansion of products
offered by financial institutions as a
result of new technologies and financial
modernization legislation. Still others
advise that regulatory changes are
inherently burdensome, so the benefit of
any change should be weighed against
the cost of effecting the change.
VerDate 11<MAY>2000 17:01 Jul 18, 2001 Jkt 194001 PO 00000 Frm 00002 Fmt 4702 Sfmt 4702 E:\FR\FM\19JYP1.SGM pfrm11 PsN: 19JYP1
between 10:00 a.m. and 4:00 p.m. In
most cases, appointments will be
available the next business day
following the date a request is received.
FOR FURTHER INFORMATION CONTACT:
OCC: Karen Tucker, National Bank
Examiner, Community and Consumer
Policy Division, (202) 874–4428;
Margaret Hesse, Special Counsel,
Community and Consumer Law
Division, (202) 874–5750; or Patrick
Tierney, Attorney, Legislative &
Regulatory Activities Division, (202)
874–5090, Office of the Comptroller of
the Currency, 250 E Street, SW.,
Washington, DC 20219.
Board: William T. Coffey, Senior
Review Examiner, (202) 452–3946;
Catherine M.J. Gates, Oversight Team
Leader, (202) 452–3946; or Kathleen C.
Ryan, Senior Attorney, (202) 452–3667,
Division of Consumer and Community
Affairs, Board of Governors of the
Federal Reserve System, 20th Street and
Constitution Avenue, NW., Washington,
DC 20551.
FDIC: Deanna Caldwell, Senior Policy
Analyst, (202) 942–3366; Stephanie
Caputo, Fair Lending Specialist (202)
942–3413; or Robert Mooney, Assistant
Director, (202) 942–3378, Division of
Compliance and Consumer Affairs; or
Ann Johnson, Counsel, Legal Division,
(202) 898–3573, Federal Deposit
Insurance Corporation, 550 17th Street,
NW., Washington, DC 20429.
OTS: Celeste Anderson, Policy
Analyst, Compliance Policy, (202) 906–
7990; Theresa A. Stark, Project Manager,
Compliance Policy, (202) 906–7054; or
Richard Bennett, Counsel (Banking and
Finance), (202) 906–7409, Office of
Thrift Supervision, 1700 G Street, NW.,
Washington, DC 20552.
SUPPLEMENTARY INFORMATION:
Introduction
The Federal financial supervisory
agencies are jointly undertaking a
review of our CRA regulations, in
fulfillment of our commitment to do so
when we adopted the current
regulations in 1995. See 60 FR 22156,
22177 (May 4, 1995). This ANPR marks
the beginning of our assessment of the
effectiveness of the regulations in
achieving their original goals of (1)
emphasizing in examinations an
institution’s actual performance in,
rather than its process for, addressing
CRA responsibilities; (2) promoting
consistency in evaluations; and (3)
eliminating unnecessary burden. Any
regulatory changes that we determine to
be necessary to improve the regulations’
effectiveness will be made in a
rulemaking after completion of this
review.
With our initiation of this
comprehensive review of the
regulations, we seek to determine
whether, and if so, how, the regulations
should be amended to better evaluate
financial institutions’ performance
under the CRA, consistent with the
authority, mandate, and intent of the
statute. We encourage comments from
the industry and the public on all
aspects of this ANPR, as well as other
concerns regarding the regulations that
may not be represented, in order to
ensure a full discussion of the issues.
Background
In 1977, Congress enacted the CRA to
encourage federally insured banks and
thrifts to help meet the credit needs of
their entire communities, including
low-and moderate-income
neighborhoods, consistent with safe and
sound banking practices. 12 U.S.C. 2901
et seq. In the CRA, Congress determined
that:
(1) Regulated financial institutions are
required by law to demonstrate that
their deposit facilities serve the
convenience and needs of the
communities in which they are
chartered to do business;
(2) The convenience and needs of
communities include the need for credit
services as well as deposit services; and
(3) Regulated financial institutions
have continuing and affirmative
obligation[s] to help meet the credit
needs of the local communities in
which they are chartered. (12 U.S.C.
2901(a).) Further, Congress directed the
agencies to assess an institution’s record
of meeting the credit needs of its entire
community, and to consider that record
when acting on an application for a
deposit facility.
In 1993, we initiated a reform of our
CRA regulations. The goal of the reform
was to develop revised rules that would
clarify how we would evaluate the
performance of the institutions we
supervise. It also was our goal to
develop a new system of evaluating
financial institutions’ records with
respect to CRA that would focus
primarily on objective, performance-
based assessment standards that
minimize compliance burden while
stimulating improved performance.
After holding seven public hearings
and publishing two proposed rules, we
jointly issued final rules (the
‘‘regulations’’) on May 4, 1995 (60 FR
22156). See 12 CFR 25, 228, 345, and
563e, implementing 12 U.S.C. 2901 et
seq. We published related clarifying
documents on December 20, 1995 (60
FR 66048) and May 10, 1996 (61 FR
21362). To assist financial institutions
and the public, we have also provided
interpretive guidance about the
regulations in the form of questions and
answers published in the Federal
Register. See 65 FR 25088 (April 28,
2000).
Under the regulations, the agencies
evaluate a financial institution through
a performance-based examination, the
scope of which is determined by the
institution’s size and business strategy.
Large, retail-oriented institutions are
examined using the lending,
investment, and service tests. Small
institutions are examined using a
streamlined small institution test.
Wholesale and limited purpose
institutions are examined under a
community development test. And,
finally, all institutions have the option
of being evaluated under a strategic
plan. No matter which evaluation
method is used, each institution’s
performance is evaluated in a
‘‘performance context’’ that examiners
factor into their CRA evaluations. The
performance context includes
consideration of factors such as each
institution’s business strategy and
constraints, as well as the needs of, and
opportunities afforded by, the
communities served.
As stated, our goal was to make CRA
examinations more objective and
performance-based. To this end, the
regulations require large institutions to
collect, report, and disclose data on
small business, small farm and
community development loans, as well
as limited data about home mortgage
lending outside metropolitan statistical
areas (MSAs), if the institution is subject
to the Home Mortgage Disclosure Act
(HMDA).
Issues for Comment
A fundamental issue for consideration
is whether any change to the regulations
would be beneficial or is warranted.
Industry representatives, community
and consumer organization
representatives, members of Congress,
and the public have discussed the
regulations with the agencies over the
years, e.g., during examinations, in the
application process, at conferences, and
at other meetings. Some suggest that the
regulations work reasonably well and
that little or no change is necessary.
Others suggest that more extensive
changes may be needed to reflect the
significant changes in the delivery of
services and expansion of products
offered by financial institutions as a
result of new technologies and financial
modernization legislation. Still others
advise that regulatory changes are
inherently burdensome, so the benefit of
any change should be weighed against
the cost of effecting the change.
VerDate 11<MAY>2000 17:01 Jul 18, 2001 Jkt 194001 PO 00000 Frm 00002 Fmt 4702 Sfmt 4702 E:\FR\FM\19JYP1.SGM pfrm11 PsN: 19JYP1