39390 Federal Register / Vol. 80, No. 131 / Thursday, July 9, 2015 / Proposed Rules
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
12 CFR Chapter I
[Docket ID FFIEC–2014–0001]
FEDERAL RESERVE SYSTEM
12 CFR Chapter II
[Docket No. R–1510]
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Chapter III
Regulatory Publication and Review
Under the Economic Growth and
Regulatory Paperwork Reduction Act
of 1996
AGENCY: Office of the Comptroller of the
Currency (‘‘OCC’’), Treasury; Board of
Governors of the Federal Reserve
System (‘‘Board’’); and Federal Deposit
Insurance Corporation (‘‘FDIC’’).
ACTION: Notice of outreach meeting.
SUMMARY: The OCC, Board, and FDIC
(‘‘Agencies’’) announce the fourth in a
series of outreach meetings on the
Agencies’ interagency process to review
their regulations under the Economic
Growth and Regulatory Paperwork
Reduction Act of 1996 (‘‘EGRPRA’’).
The particular focus of this meeting is
the effects of the Agencies’ regulations
on rural banks and their communities.
DATES: An outreach meeting will be
held in Kansas City, Missouri on
Tuesday, August 4, 2015, beginning at 9
a.m. Central Daylight Time (CDT).
Online registrations will be accepted
through July 27, 2015, or until all seats
are filled, whichever is earlier. If seats
are available after the close of online
registration, individuals may register in
person at the Federal Reserve Bank of
Kansas City on the day of the meeting.
Additional outreach meetings are
scheduled for October 19, 2015, in
Chicago, Illinois, and December 2, 2015,
in Washington, DC.
ADDRESSES: The Agencies will hold the
August 4, 2015, outreach meeting at the
Federal Reserve Bank of Kansas City, 1
Memorial Drive, Kansas City, Missouri
64198. Live video of this meeting will
be streamed at http://egrpra.ffiec.gov/.
Participants attending in person should
register at http://egrpra.ffiec.gov/
outreach/outreach-index.html.
In addition, to enhance participation
by bankers, consumer and community
groups, and other interested persons
who are located in various rural areas,
interested persons anywhere in the
country will have the opportunity to
view and participate in the meeting
online using their computers. These
participants may provide comments
following each panel presentation or at
the conclusion of the meeting, as time
permits. Members of the public
watching online will be able to submit
written comments using the text chat
feature and verbal comments using the
audio feature of the webcast. A toll-free
telephone number also will be provided
for members of the public who would
like only to listen to the meeting, and
who may choose later to submit written
comments. Information regarding these
additional participation options is
described in the meeting details section
for the Kansas City meeting at http://
egrpra.ffiec.gov/outreach/outreach-
meeting-details-kansascity.html.
Any interested individual may submit
comments through the EGRPRA Web
site during open comment periods at:
http://egrpra.ffiec.gov/submit-comment/
submit-comment-index.html.
On this site, click ‘‘Submit a
Comment’’ and follow the instructions.
Alternatively, comments may be
submitted through the Federal
eRulemaking Portal ‘‘Regulations.gov’’
at: http://www.regulations.gov. Enter
‘‘Docket ID FFIEC–2014–0001’’ in the
Search Box, click ‘‘Search,’’ and click
‘‘Comment Now.’’ Those who wish to
submit their comments by an alternate
means may do so as indicated by each
agency below.
OCC:
The OCC encourages commenters to
submit comments through the Federal
eRulemaking Portal, Regulations.gov, in
accordance with the previous
paragraph. Alternatively, comments
may be emailed to regs.comments@
occ.treas.gov or sent by mail to
Legislative and Regulatory Activities
Division, Office of the Comptroller of
the Currency, Mail Stop 9W–11, 400 7th
Street SW., Washington, DC 20219.
Comments also may be faxed to (571)
465–4326 or hand delivered or sent by
courier to 400 7th Street SW.,
Washington, DC 20219. For comments
submitted by any means other than
Regulations.gov, you must include
‘‘OCC’’ as the Agency name and ‘‘Docket
ID FFIEC–2014–0001’’ in your
comment.
In general, the OCC will enter all
comments received into the docket and
publish them without change on
Regulations.gov. Comments received,
including attachments and other
supporting materials, as well as any
business or personal information you
provide, such as your name and
address, email address, or phone
number, are part of the public record
and subject to public disclosure.
Therefore, please do not include any
information with your comment or
supporting materials that you consider
confidential or inappropriate for public
disclosure.
You may inspect and photocopy in
person all comments received by the
OCC at 400 7th Street SW., Washington,
DC 20219. For security reasons, the OCC
requires that visitors make an
appointment to inspect or photocopy
comments. You may make an
appointment by calling (202) 649–6700.
Upon arrival, visitors will be required to
present valid government-issued photo
identification and submit to a security
screening.
Board:
The Board encourages commenters to
submit comments regarding the Board’s
regulations by any of the following
methods:
• Agency Web site: http://
www.federalreserve.gov/apps/foia/
proposedregs.aspx. Follow the
instructions for submitting comments
on the Agency Web site.
• Federal eRulemaking Portal, in
accordance with the directions above.
• Email: regs.comments@
federalreserve.gov. Include ‘‘EGRPRA’’
and Docket No. R–1510 in the subject
line of the message.
• FAX: (202) 452–3819.
• Mail: Robert deV. Frierson,
Secretary, Board of Governors of the
Federal ReserveSystem, 20th Street and
Constitution Avenue NW., Washington,
DC 20551.
In general, the Board will enter all
comments received into the docket and
publish them without change on the
Board’s public Web site,
www.federalreserve.gov;
Regulations.gov; and http://
egrpra.ffiec.gov. Comments received,
including attachments and other
supporting materials, as well as any
business or personal information you
provide, such as your name and
address, email address, or phone
number, are part of the public record
and subject to public disclosure.
Therefore, please do not enclose any
information with your comment or
supporting materials that you consider
confidential or inappropriate for public
disclosure.
You may inspect and photocopy in
person all comments received by the
VerDate Sep<11>2014 16:17 Jul 08, 2015 Jkt 235001 PO 00000 Frm 00002 Fmt 4702 Sfmt 4702 E:\FR\FM\09JYP1.SGM 09JYP1
srobinson on DSK5SPTVN1PROD with PROPOSALS
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
12 CFR Chapter I
[Docket ID FFIEC–2014–0001]
FEDERAL RESERVE SYSTEM
12 CFR Chapter II
[Docket No. R–1510]
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Chapter III
Regulatory Publication and Review
Under the Economic Growth and
Regulatory Paperwork Reduction Act
of 1996
AGENCY: Office of the Comptroller of the
Currency (‘‘OCC’’), Treasury; Board of
Governors of the Federal Reserve
System (‘‘Board’’); and Federal Deposit
Insurance Corporation (‘‘FDIC’’).
ACTION: Notice of outreach meeting.
SUMMARY: The OCC, Board, and FDIC
(‘‘Agencies’’) announce the fourth in a
series of outreach meetings on the
Agencies’ interagency process to review
their regulations under the Economic
Growth and Regulatory Paperwork
Reduction Act of 1996 (‘‘EGRPRA’’).
The particular focus of this meeting is
the effects of the Agencies’ regulations
on rural banks and their communities.
DATES: An outreach meeting will be
held in Kansas City, Missouri on
Tuesday, August 4, 2015, beginning at 9
a.m. Central Daylight Time (CDT).
Online registrations will be accepted
through July 27, 2015, or until all seats
are filled, whichever is earlier. If seats
are available after the close of online
registration, individuals may register in
person at the Federal Reserve Bank of
Kansas City on the day of the meeting.
Additional outreach meetings are
scheduled for October 19, 2015, in
Chicago, Illinois, and December 2, 2015,
in Washington, DC.
ADDRESSES: The Agencies will hold the
August 4, 2015, outreach meeting at the
Federal Reserve Bank of Kansas City, 1
Memorial Drive, Kansas City, Missouri
64198. Live video of this meeting will
be streamed at http://egrpra.ffiec.gov/.
Participants attending in person should
register at http://egrpra.ffiec.gov/
outreach/outreach-index.html.
In addition, to enhance participation
by bankers, consumer and community
groups, and other interested persons
who are located in various rural areas,
interested persons anywhere in the
country will have the opportunity to
view and participate in the meeting
online using their computers. These
participants may provide comments
following each panel presentation or at
the conclusion of the meeting, as time
permits. Members of the public
watching online will be able to submit
written comments using the text chat
feature and verbal comments using the
audio feature of the webcast. A toll-free
telephone number also will be provided
for members of the public who would
like only to listen to the meeting, and
who may choose later to submit written
comments. Information regarding these
additional participation options is
described in the meeting details section
for the Kansas City meeting at http://
egrpra.ffiec.gov/outreach/outreach-
meeting-details-kansascity.html.
Any interested individual may submit
comments through the EGRPRA Web
site during open comment periods at:
http://egrpra.ffiec.gov/submit-comment/
submit-comment-index.html.
On this site, click ‘‘Submit a
Comment’’ and follow the instructions.
Alternatively, comments may be
submitted through the Federal
eRulemaking Portal ‘‘Regulations.gov’’
at: http://www.regulations.gov. Enter
‘‘Docket ID FFIEC–2014–0001’’ in the
Search Box, click ‘‘Search,’’ and click
‘‘Comment Now.’’ Those who wish to
submit their comments by an alternate
means may do so as indicated by each
agency below.
OCC:
The OCC encourages commenters to
submit comments through the Federal
eRulemaking Portal, Regulations.gov, in
accordance with the previous
paragraph. Alternatively, comments
may be emailed to regs.comments@
occ.treas.gov or sent by mail to
Legislative and Regulatory Activities
Division, Office of the Comptroller of
the Currency, Mail Stop 9W–11, 400 7th
Street SW., Washington, DC 20219.
Comments also may be faxed to (571)
465–4326 or hand delivered or sent by
courier to 400 7th Street SW.,
Washington, DC 20219. For comments
submitted by any means other than
Regulations.gov, you must include
‘‘OCC’’ as the Agency name and ‘‘Docket
ID FFIEC–2014–0001’’ in your
comment.
In general, the OCC will enter all
comments received into the docket and
publish them without change on
Regulations.gov. Comments received,
including attachments and other
supporting materials, as well as any
business or personal information you
provide, such as your name and
address, email address, or phone
number, are part of the public record
and subject to public disclosure.
Therefore, please do not include any
information with your comment or
supporting materials that you consider
confidential or inappropriate for public
disclosure.
You may inspect and photocopy in
person all comments received by the
OCC at 400 7th Street SW., Washington,
DC 20219. For security reasons, the OCC
requires that visitors make an
appointment to inspect or photocopy
comments. You may make an
appointment by calling (202) 649–6700.
Upon arrival, visitors will be required to
present valid government-issued photo
identification and submit to a security
screening.
Board:
The Board encourages commenters to
submit comments regarding the Board’s
regulations by any of the following
methods:
• Agency Web site: http://
www.federalreserve.gov/apps/foia/
proposedregs.aspx. Follow the
instructions for submitting comments
on the Agency Web site.
• Federal eRulemaking Portal, in
accordance with the directions above.
• Email: regs.comments@
federalreserve.gov. Include ‘‘EGRPRA’’
and Docket No. R–1510 in the subject
line of the message.
• FAX: (202) 452–3819.
• Mail: Robert deV. Frierson,
Secretary, Board of Governors of the
Federal ReserveSystem, 20th Street and
Constitution Avenue NW., Washington,
DC 20551.
In general, the Board will enter all
comments received into the docket and
publish them without change on the
Board’s public Web site,
www.federalreserve.gov;
Regulations.gov; and http://
egrpra.ffiec.gov. Comments received,
including attachments and other
supporting materials, as well as any
business or personal information you
provide, such as your name and
address, email address, or phone
number, are part of the public record
and subject to public disclosure.
Therefore, please do not enclose any
information with your comment or
supporting materials that you consider
confidential or inappropriate for public
disclosure.
You may inspect and photocopy in
person all comments received by the
VerDate Sep<11>2014 16:17 Jul 08, 2015 Jkt 235001 PO 00000 Frm 00002 Fmt 4702 Sfmt 4702 E:\FR\FM\09JYP1.SGM 09JYP1
srobinson on DSK5SPTVN1PROD with PROPOSALS
39391Federal Register / Vol. 80, No. 131 / Thursday, July 9, 2015 / Proposed Rules
1 Public Law 104–208 (1996), 110 Stat. 3009–414,
codified at 12 U.S.C. 3311.
Board in Room 3515, 1801 K Street NW.
(between 18th and 19th Street NW.),
Washington, DC 20006, between 9:00
a.m. and 5:00 p.m. on weekdays. For
security reasons, the Board requires that
visitors make an appointment to inspect
comments. You may make an
appointment by calling (202) 452–3000.
Upon arrival, visitors will be required to
present valid government-issued photo
identification and submit to a security
screening.
FDIC:
The FDIC encourages commenters to
submit comments through the Federal
eRulemaking Portal, Regulations.gov, in
accordance with the directions above.
Alternatively, you may submit
comments by any of the following
methods:
• Agency Web site: http://
www.fdic.gov/regulations/laws/federal.
Follow instructions for submitting
comments on the Agency Web site.
• Email: Comments@FDIC.gov.
Include ‘‘EGRPRA’’ in the subject line of
the message.
• Mail: Robert E. Feldman, Executive
Secretary, Attention: Comments, Federal
Deposit Insurance Corporation, 550 17th
Street NW., Washington, DC 20429.
• Hand Delivery/Courier: 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. (EDT).
The FDIC will post all comments
received to http://www.fdic.gov/
regulations/laws/federal without
change, including any personal
information provided. Comments may
be inspected and photocopied in the
FDIC Public Information Center, 3501
North Fairfax Drive, Room E–1002,
Arlington, VA 22226, between 9:00 a.m.
and 5:00 p.m. (EDT) on business days.
Paper copies of public comments may
be ordered from the Public Information
Center by calling (877) 275–3342.
FOR FURTHER INFORMATION CONTACT:
OCC: Heidi M. Thomas, Special
Counsel, (202) 649–5490; Rima
Kundnani, Attorney, (202) 649–5545; for
persons who are deaf or hard of hearing,
TTY (202) 649–5597.
Board: Kevin Wilson, Financial
Analyst, (202) 452–2362; Claudia Von
Pervieux, Counsel (202) 452–2552; for
persons who are deaf or hard of hearing,
TTY (202) 263–4869.
FDIC: Ruth R. Amberg, Assistant
General Counsel, (202) 898–3736; for
persons who are deaf or hard of hearing,
TTY 1–800–925–4618.
SUPPLEMENTARY INFORMATION: EGRPRA 1
directs the Agencies, along with the
Federal Financial Institutions
Examination Council (Council), not less
frequently than once every ten years, to
conduct a review of their regulations to
identify outdated or otherwise
unnecessary regulations imposed on
insured depository institutions. As part
of this review, the Agencies are holding
a series of six outreach meetings to
provide an opportunity for bankers,
consumer and community groups, and
other interested persons to present their
views directly to senior management
and staff of the Agencies on any of 12
specific categories of the Agencies’
regulations, as further described below.
The Agencies held the first of these
outreach meetings on December 2, 2014,
in Los Angeles, California; the second
outreach meeting on February 4, 2015,
in Dallas, Texas; and the third outreach
meeting on May 4, 2015, in Boston,
Massachusetts. Recorded videos and
transcripts of these outreach meetings
are available on the EGRPRA Web site
at http://egrpra.ffiec.gov/outreach/
outreach-index.html.
The fourth outreach meeting will be
held on August 4, 2015, in Kansas City,
Missouri, and will be streamed live at
http://egrpra.ffiec.gov/. Senior agency
staff from the Board, OCC, and FDIC are
scheduled to attend. The meeting will
consist of panels of bankers and
consumer and community groups who
will present particular issues. As the
fourth outreach meeting will focus on
the effects of banking regulations on
rural banks and their communities, the
Agencies have requested that panelists
give attention to these issues. There will
be limited time after each panel for
comments from meeting attendees and
online participants. In addition, there
will be a session at the end of the
meeting during which audience
members and online participants may
present views on any of the regulations
under review. The Agencies reserve the
right to limit the time of individual
commenters, if needed, in order to
accommodate the number of persons
desiring to speak.
Comments made by panelists,
audience members, and online
participants at this meeting will be part
of the public record. Audience members
who do not wish to comment orally may
submit written comments at the
meeting. As noted above, any interested
person may submit comments through
the EGRPRA Web site during open
comment periods at: http://
egrpra.ffiec.gov/submit-comment/
submit-comment-index.html or directly
to the Agencies through any of the other
manners specified above.
All persons wanting to participate in
person should register for the Kansas
City outreach meeting at http://
egrpra.ffiec.gov/outreach/outreach-
index.html. Because of space
constraints, on-site attendance will be
limited. Online registrations will be
accepted through July 27, 2015, or until
all seats are filled, whichever is earlier.
If seats are available, individuals may
register in person at the Federal Reserve
Bank of Kansas City on the day of the
meeting. Individuals do not need to
register to view the live-stream
broadcast.
We note that the meeting will be
recorded and publicly webcast in order
to increase education and outreach. By
participating in the meeting, either in
person or online, you consent to appear
and to be heard in such recordings.
Additional Background on EGRPRA
Section 2222 of EGRPRA directs the
Agencies, along with the Council, to
conduct a review of their regulations not
less frequently than once every ten years
to identify outdated or otherwise
unnecessary regulatory requirements
imposed on insured depository
institutions. In conducting this review,
the Agencies are required to categorize
their regulations by type and, at regular
intervals, provide notice and solicit
public comment on categories of
regulations, requesting commenters to
identify areas of regulations that are
outdated, unnecessary, or unduly
burdensome. The statute requires the
Agencies to publish in the Federal
Register a summary of the comments
received, identifying significant issues
raised and commenting on these issues.
The statute also directs the Agencies to
eliminate unnecessary regulations to the
extent that such action is appropriate.
Finally, section 2222 requires the
Council, of which the Agencies are
members, to submit a report to Congress
that summarizes any significant issues
raised in the public comments and the
relative merits of such issues. The report
also must include an analysis of
whether the Agencies are able to
address the regulatory burdens
associated with such issues by
regulation or whether these burdens
must be addressed by legislative action.
For purposes of this review, the
Agencies have grouped their regulations
into 12 categories: Applications and
Reporting; Banking Operations; Capital;
Community Reinvestment Act;
Consumer Protection; Directors, Officers
and Employees; International
Operations; Money Laundering; Powers
and Activities; Rules of Procedure;
Safety and Soundness; and Securities.
On June 4, 2014, the Agencies published
a Federal Register notice announcing
the start of the EGRPRA review process
VerDate Sep<11>2014 16:17 Jul 08, 2015 Jkt 235001 PO 00000 Frm 00003 Fmt 4702 Sfmt 4702 E:\FR\FM\09JYP1.SGM 09JYP1
srobinson on DSK5SPTVN1PROD with PROPOSALS
1 Public Law 104–208 (1996), 110 Stat. 3009–414,
codified at 12 U.S.C. 3311.
Board in Room 3515, 1801 K Street NW.
(between 18th and 19th Street NW.),
Washington, DC 20006, between 9:00
a.m. and 5:00 p.m. on weekdays. For
security reasons, the Board requires that
visitors make an appointment to inspect
comments. You may make an
appointment by calling (202) 452–3000.
Upon arrival, visitors will be required to
present valid government-issued photo
identification and submit to a security
screening.
FDIC:
The FDIC encourages commenters to
submit comments through the Federal
eRulemaking Portal, Regulations.gov, in
accordance with the directions above.
Alternatively, you may submit
comments by any of the following
methods:
• Agency Web site: http://
www.fdic.gov/regulations/laws/federal.
Follow instructions for submitting
comments on the Agency Web site.
• Email: Comments@FDIC.gov.
Include ‘‘EGRPRA’’ in the subject line of
the message.
• Mail: Robert E. Feldman, Executive
Secretary, Attention: Comments, Federal
Deposit Insurance Corporation, 550 17th
Street NW., Washington, DC 20429.
• Hand Delivery/Courier: 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. (EDT).
The FDIC will post all comments
received to http://www.fdic.gov/
regulations/laws/federal without
change, including any personal
information provided. Comments may
be inspected and photocopied in the
FDIC Public Information Center, 3501
North Fairfax Drive, Room E–1002,
Arlington, VA 22226, between 9:00 a.m.
and 5:00 p.m. (EDT) on business days.
Paper copies of public comments may
be ordered from the Public Information
Center by calling (877) 275–3342.
FOR FURTHER INFORMATION CONTACT:
OCC: Heidi M. Thomas, Special
Counsel, (202) 649–5490; Rima
Kundnani, Attorney, (202) 649–5545; for
persons who are deaf or hard of hearing,
TTY (202) 649–5597.
Board: Kevin Wilson, Financial
Analyst, (202) 452–2362; Claudia Von
Pervieux, Counsel (202) 452–2552; for
persons who are deaf or hard of hearing,
TTY (202) 263–4869.
FDIC: Ruth R. Amberg, Assistant
General Counsel, (202) 898–3736; for
persons who are deaf or hard of hearing,
TTY 1–800–925–4618.
SUPPLEMENTARY INFORMATION: EGRPRA 1
directs the Agencies, along with the
Federal Financial Institutions
Examination Council (Council), not less
frequently than once every ten years, to
conduct a review of their regulations to
identify outdated or otherwise
unnecessary regulations imposed on
insured depository institutions. As part
of this review, the Agencies are holding
a series of six outreach meetings to
provide an opportunity for bankers,
consumer and community groups, and
other interested persons to present their
views directly to senior management
and staff of the Agencies on any of 12
specific categories of the Agencies’
regulations, as further described below.
The Agencies held the first of these
outreach meetings on December 2, 2014,
in Los Angeles, California; the second
outreach meeting on February 4, 2015,
in Dallas, Texas; and the third outreach
meeting on May 4, 2015, in Boston,
Massachusetts. Recorded videos and
transcripts of these outreach meetings
are available on the EGRPRA Web site
at http://egrpra.ffiec.gov/outreach/
outreach-index.html.
The fourth outreach meeting will be
held on August 4, 2015, in Kansas City,
Missouri, and will be streamed live at
http://egrpra.ffiec.gov/. Senior agency
staff from the Board, OCC, and FDIC are
scheduled to attend. The meeting will
consist of panels of bankers and
consumer and community groups who
will present particular issues. As the
fourth outreach meeting will focus on
the effects of banking regulations on
rural banks and their communities, the
Agencies have requested that panelists
give attention to these issues. There will
be limited time after each panel for
comments from meeting attendees and
online participants. In addition, there
will be a session at the end of the
meeting during which audience
members and online participants may
present views on any of the regulations
under review. The Agencies reserve the
right to limit the time of individual
commenters, if needed, in order to
accommodate the number of persons
desiring to speak.
Comments made by panelists,
audience members, and online
participants at this meeting will be part
of the public record. Audience members
who do not wish to comment orally may
submit written comments at the
meeting. As noted above, any interested
person may submit comments through
the EGRPRA Web site during open
comment periods at: http://
egrpra.ffiec.gov/submit-comment/
submit-comment-index.html or directly
to the Agencies through any of the other
manners specified above.
All persons wanting to participate in
person should register for the Kansas
City outreach meeting at http://
egrpra.ffiec.gov/outreach/outreach-
index.html. Because of space
constraints, on-site attendance will be
limited. Online registrations will be
accepted through July 27, 2015, or until
all seats are filled, whichever is earlier.
If seats are available, individuals may
register in person at the Federal Reserve
Bank of Kansas City on the day of the
meeting. Individuals do not need to
register to view the live-stream
broadcast.
We note that the meeting will be
recorded and publicly webcast in order
to increase education and outreach. By
participating in the meeting, either in
person or online, you consent to appear
and to be heard in such recordings.
Additional Background on EGRPRA
Section 2222 of EGRPRA directs the
Agencies, along with the Council, to
conduct a review of their regulations not
less frequently than once every ten years
to identify outdated or otherwise
unnecessary regulatory requirements
imposed on insured depository
institutions. In conducting this review,
the Agencies are required to categorize
their regulations by type and, at regular
intervals, provide notice and solicit
public comment on categories of
regulations, requesting commenters to
identify areas of regulations that are
outdated, unnecessary, or unduly
burdensome. The statute requires the
Agencies to publish in the Federal
Register a summary of the comments
received, identifying significant issues
raised and commenting on these issues.
The statute also directs the Agencies to
eliminate unnecessary regulations to the
extent that such action is appropriate.
Finally, section 2222 requires the
Council, of which the Agencies are
members, to submit a report to Congress
that summarizes any significant issues
raised in the public comments and the
relative merits of such issues. The report
also must include an analysis of
whether the Agencies are able to
address the regulatory burdens
associated with such issues by
regulation or whether these burdens
must be addressed by legislative action.
For purposes of this review, the
Agencies have grouped their regulations
into 12 categories: Applications and
Reporting; Banking Operations; Capital;
Community Reinvestment Act;
Consumer Protection; Directors, Officers
and Employees; International
Operations; Money Laundering; Powers
and Activities; Rules of Procedure;
Safety and Soundness; and Securities.
On June 4, 2014, the Agencies published
a Federal Register notice announcing
the start of the EGRPRA review process
VerDate Sep<11>2014 16:17 Jul 08, 2015 Jkt 235001 PO 00000 Frm 00003 Fmt 4702 Sfmt 4702 E:\FR\FM\09JYP1.SGM 09JYP1
srobinson on DSK5SPTVN1PROD with PROPOSALS