Proposed Rule2024-24316
Regulations Implementing the Change in Bank Control Act; Extension of Comment Period
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 21, 2024
Effective
August 19, 2024
Issuing agencies
Federal Deposit Insurance Corporation
Abstract
On August 19, 2024, the FDIC published in the Federal Register a proposed rule that would amend its filing requirements and processing procedures for notices filed under the Change in Bank Control Act (CBCA). The proposed rule provided for a 60-day comment period, which closes on October 18, 2024. The FDIC has determined that an extension of the comment period until November 18, 2024, is appropriate. This action will allow interested parties additional time to analyze the proposal and prepare comments.
Full Text
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<title>Federal Register, Volume 89 Issue 203 (Monday, October 21, 2024)</title>
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[Federal Register Volume 89, Number 203 (Monday, October 21, 2024)]
[Proposed Rules]
[Page 84108]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-24316]
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Proposed Rules
Federal Register
________________________________________________________________________
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.
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Federal Register / Vol. 89, No. 203 / Monday, October 21, 2024 /
Proposed Rules
[[Page 84108]]
FEDERAL DEPOSIT INSURANCE CORPORATION
12 CFR Part 303
RIN 3064-AG04
Regulations Implementing the Change in Bank Control Act;
Extension of Comment Period
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice of proposed rulemaking; extension of comment period.
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SUMMARY: On August 19, 2024, the FDIC published in the Federal Register
a proposed rule that would amend its filing requirements and processing
procedures for notices filed under the Change in Bank Control Act
(CBCA). The proposed rule provided for a 60-day comment period, which
closes on October 18, 2024. The FDIC has determined that an extension
of the comment period until November 18, 2024, is appropriate. This
action will allow interested parties additional time to analyze the
proposal and prepare comments.
DATES: The comment period for the proposed rule published at 89 FR
67002 (August 19, 2024) is extended. Comments must be received on or
before November 18, 2024.
ADDRESSES: You may submit comments on this document using any of the
following methods:
<bullet> Agency Website: <a href="https://www.fdic.gov/resources/regulations/federal-register-publications/">https://www.fdic.gov/resources/regulations/federal-register-publications/</a>. Follow the instructions for
submitting comments on the agency website.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#e0838f8d8d858e9493a086848983ce878f96"><span class="__cf_email__" data-cfemail="4f2c2022222a213b3c0f292b262c61282039">[email protected]</span></a>. Include RIN 3064-AG04 in the
subject line of the message.
<bullet> Mail: James P. Sheesley, Assistant Executive Secretary,
Attention: Comments--RIN 3064-AG04, Federal Deposit Insurance
Corporation, 550 17th Street NW, Washington, DC 20429.
<bullet> 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.
<bullet> Public Inspection: Comments received, including any
personal information provided, may be posted without change to <a href="https://www.fdic.gov/resources/regulations/federal-register-publications/">https://www.fdic.gov/resources/regulations/federal-register-publications/</a>.
Commenters should submit only information that the commenter wishes to
make available publicly. The FDIC may review, redact, or refrain from
posting all or any portion of any comment that it may deem to be
inappropriate for publication, such as irrelevant or obscene material.
The FDIC may post only a single representative example of identical or
substantially identical comments, and in such cases will generally
identify the number of identical or substantially identical comments
represented by the posted example. All comments that have been
redacted, as well as those that have not been posted, that contain
comments on the merits of the notice will be retained in the public
comment file and will be considered as required under all applicable
laws. All comments may be accessible under the Freedom of Information
Act.
FOR FURTHER INFORMATION CONTACT: Annmarie Boyd, Senior Counsel, 202-
898-3714, <a href="/cdn-cgi/l/email-protection#1372717c6a775375777a703d747c65"><span class="__cf_email__" data-cfemail="2d4c4f4254496d4b49444e034a425b">[email protected]</span></a>; Gregory S. Feder, Counsel, 202-898-8724,
<a href="/cdn-cgi/l/email-protection#036465666766714365676a602d646c75"><span class="__cf_email__" data-cfemail="d5b2b3b0b1b0a795b3b1bcb6fbb2baa3">[email protected]</span></a>; Nicholas A. Simons, Senior Attorney, 202-898-6785,
<a href="/cdn-cgi/l/email-protection#fd938e949092938ebd9b99949ed39a928b"><span class="__cf_email__" data-cfemail="7a140913171514093a1c1e1319541d150c">[email protected]</span></a>, Legal Division; Derek Sturtevant, Senior Review
Examiner, 202-898-3693, <a href="/cdn-cgi/l/email-protection#82e6f1f6f7f0f6e7f4e3ecf6c2e4e6ebe1ace5edf4"><span class="__cf_email__" data-cfemail="f99d8a8d8c8b8d9c8f98978db99f9d909ad79e968f">[email protected]</span></a>, Division of Risk
Management Supervision, 550 17th Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: On August 19, 2024, the FDIC published in
the Federal Register at 89 FR 67002 a proposed rule amending its filing
requirements and processing procedures for notices filed under the
CBCA. The proposed rule would remove the exemption from the notice
requirement for acquisitions of voting securities of a depository
institution holding company with an FDIC-supervised subsidiary
institution for which the Board of Governors of the Federal Reserve
System reviews a notice under the CBCA and make conforming definitional
changes. The proposed rule stated that the comment period would close
on October 18, 2024. However, to provide additional opportunity for the
public to prepare comments to address the matters raised by the
proposed rule, the FDIC is extending the comment period for the CBCA-
related proposed rule from October 18, 2024, to November 18, 2024.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on October 16, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-24316 Filed 10-17-24; 11:15 am]
BILLING CODE 6714-01-P
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