89 FR 28 pgs. 9718-9719 - Semiannual Regulatory Flexibility Agenda
Type: PRORULEVolume: 89Number: 28Pages: 9718 - 9719
Pages: 9718, 9719FR document: [FR Doc. 2024-00481 Filed 2-8-24; 8:45 am]
Agency: Federal Reserve System
Official PDF Version: PDF Version
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FEDERAL RESERVE SYSTEM
12 CFR Ch. II
Semiannual Regulatory Flexibility Agenda
AGENCY:
Board of Governors of the Federal Reserve System.
ACTION:
Semiannual Regulatory Agenda.
SUMMARY:
The Board is issuing this agenda under the Regulatory Flexibility Act and the Board's Statement of Policy Regarding Expanded Rulemaking Procedures. The Board anticipates having under consideration regulatory matters as indicated below during the period November 2023 through April 2024. The next agenda will be published in spring 2024.
DATES:
Comments about the form or content of the agenda may be submitted any time during the next 6 months.
ADDRESSES:
Comments should be addressed to Ann E. Misback, Secretary of the Board, Board of Governors of the Federal Reserve System, Washington, DC 20551.
FOR FURTHER INFORMATION CONTACT:
A staff contact for each item is indicated with the regulatory description below.
SUPPLEMENTARY INFORMATION:
The Board is publishing its fall 2023 agenda as part of the Fall 2023 Unified Agenda of Federal Regulatory and Deregulatory Actions, which is coordinated by the Office of Management and Budget under Executive Order 12866. The agenda also identifies rules the Board has selected for review under section 610(c) of the Regulatory Flexibility Act, and public comment is invited on those entries. The complete Unified Agenda will be available to the public at the following website: www.reginfo.gov. Participation by the Board in the Unified Agenda is on a voluntary basis.
The Board's agenda is divided into three sections. The first, Proposed Rule Stage, reports on matters the Board may consider for public comment during the next 6 months. The second section, Completed Actions, reports on regulatory matters the Board has completed or is not expected to consider further. And a third section, Long-Term Actions, reports on matters where the next action is undetermined, 00/00/0000, or will occur more than 12 months after publication of the Agenda. A dot (•) preceding an entry indicates a new matter that was not a part of the Board's previous agenda.
Ann E. Misback,
Secretary of the Board.
| Sequence No. | Title | Regulation Identifier No. |
|---|---|---|
| 601 | Source of Strength (Section 610 Review) | 7100-AE73 |
| 602 | Regulation LL-Savings and Loan Holding Companies and Regulation MM-Mutual Holding Companies (Docket No: R-1429) | 7100-AD80 |
FEDERAL RESERVE SYSTEM (FRS)
Long-Term Actions
601. Source of Strength (Section 610 Review) [7100-AE73]
Legal Authority: 12 U.S.C. 1831(o)
Abstract: The Board of Governors of the Federal Reserve System (Board), the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) plan to issue a proposed rule to implement section 616(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 616(d) requires that bank holding companies, savings and loan holding companies, and other companies that directly or indirectly control an insured depository institution serve as a source of strength for the insured depository institution.
Timetable:
| Action | Date | FR Cite |
|---|---|---|
| Board Expects Further Action | To Be Determined |
Regulatory Flexibility Analysis Required: Undetermined.
Agency Contact: Melissa Clark, Lead Financial Institution Policy Analyst, Federal Reserve System, Division of Supervision and Regulation, Washington, DC 20551, Phone: 202 452-2277.
Vivian Joel, Lead Financial Institution Policy Analyst, Federal Reserve System, Division of Supervision and Regulation, Washington, DC 20551, Phone: 202 912-4313.
Jay Schwarz, Assistant General Counsel, Federal Reserve System, Legal Division, Washington, DC 20551, Phone: 202 452-2970.
Claudia Von Pervieux, Senior Counsel, Federal Reserve System, Legal Division, Washington, DC 20551, Phone: 202 452-2552.
RIN: 7100-AE73
602. Regulation LL-Savings and Loan Holding Companies and Regulation MM-Mutual Holding Companies (Docket No: R-1429) [7100-AD80]
Legal Authority: 5 U.S.C. 552; 5 U.S.C. 559; 5 U.S.C. 1813; 5 U.S.C. 1817; 5 U.S.C. 1828
[top] Abstract: The Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) transferred responsibility for supervision of Savings and Loan Holding Companies (SLHCs) and their non-depository subsidiaries from the Office of Thrift Supervision (OTS) to the Board of Governors of the Federal Reserve System (the Board), on July 21, 2011. The Act also transferred supervisory functions related to Federal savings associations and State savings associations to the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC), respectively. The Board on August 12, 2011, approved an interim final rule for SLHCs, including a request for public comment. The interim final rule transferred from the OTS to the Board the regulations necessary for the Board to supervise SLHCs, with certain technical and substantive modifications. The interim final rule has three components: (1) New Regulation LL (part 238), which sets forth regulations generally governing SLHCs; (2) new Regulation MM (part 239), which sets forth regulations governing SLHCs in mutual form; and (3) technical amendments to existing Board regulations necessary to accommodate the transfer of supervisory authority for SLHCs from the OTS to the Board. The structure of interim final Regulation LL closely follows that of the Board's Regulation Y, which governs bank holding companies, in order to provide an overall structure to rules that were previously found in disparate locations. In many instances, interim final Regulation LL incorporated OTS regulations with only technical modifications to account for the shift in supervisory responsibility from the OTS to the Board. Interim final Regulation LL
Timetable:
| Action | Date | FR Cite |
|---|---|---|
| Board Requested Comment | 09/13/11 | 76 FR 56508 |
| Board Expects Further Action | To Be Determined |
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Scott Tkacz, Senior Special Counsel, Federal Reserve System, Legal Division, Washington, DC 20551, Phone: 202 452-2744.
Victoria Szybillo, Senior Counsel, Federal Reserve System, Legal Division, Washington, DC 20551, Phone: 202 475-6325.
RIN: 7100-AD80
[FR Doc. 2024-00481 Filed 2-8-24; 8:45 am]
BILLING CODE 6210-01-P