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within the metropolitan area remained products, Travel and transportation Authority: 7 U.S.C. 8301–8317; 49 U.S.C. the same. However, when the final rule expenses. 80503; 7 CFR 2.22, 2.80, and 371.4. was published, those two commuted Accordingly, 9 CFR part 97 is ■ 2. In § 97.2, the table is amended, travel time allowances appeared in the corrected by making the following under Texas, by revising the entries for ‘‘outside’’ rather than ‘‘within’’ columns correcting amendments: ‘‘Dallas-Fort Worth International under metropolitan area in the table. Airport’’ and ‘‘Houston (including This document corrects those errors. PART 97—OVERTIME SERVICES Houston Intercontinental Airport)’’ to RELATING TO IMPORTS AND read as follows: List of Subjects in 9 CFR Part 97 EXPORTS § 97.2 Administrative instructions Exports, Government employees, ■ 1. The authority citation for part 97 prescribing commuted traveltime. Imports, Livestock, Poultry and poultry continues to read as follows: * * * * *

COMMUTED TRAVELTIME ALLOWANCES [In hours]

Metropolitan area Location covered Served from Within Outside

******* Texas:

******* Dallas-Fort Worth International Airport ...... Decatur ...... 2 Do ...... Ft. Worth or Dallas ...... 2 ......

******* Houston (including Houston Intercontinental Airport) ...... 2 ...... Do ...... Bellville, TX ...... 4 Do ...... Bryan, TX ...... 4 Do ...... Georgetown, TX ...... 8 Do ...... Pleasanton, TX ...... 8

*******

Done in Washington, DC, this 28th day of the Board’s regulatory capital • Agency Web site: http:// January 2015. requirements (Regulation Q). This www.federalreserve.gov. Follow the Kevin Shea, interim final rule implements a law instructions for submitting comments at Administrator, Animal and Plant Health recently passed by the U.S. Congress, http://www.federalreserve.gov/apps/ Inspection Service. which exempts small savings and loan foia/proposedregs.aspx. [FR Doc. 2015–02027 Filed 2–2–15; 8:45 am] holding companies from the minimum • Federal eRulemaking Portal: http:// BILLING CODE 3410–34–P capital requirements mandated by www.regulations.gov. Follow the section 171 of the Dodd-Frank Wall instructions for submitting comments. Street Reform and Consumer Protection • Email: regs.comments@ Act that would meet the Board’s Small SYSTEM federalreserve.gov. Include the docket Policy number in the subject line of the 12 CFR Part 217 Statement if they were bank holding message. companies. In connection with this [Docket No. R–1508] interim final rule, the Board is • Fax: (202) 452–3819 or (202) 452– RIN 7100–AE 29 proposing to remove the requirement 3102. that qualifying savings and loan holding • Mail: Robert deV. Frierson, ; Regulatory Capital companies complete Schedule SC–R, Secretary, Board of Governors of the Rules: Interim Final Rule To Exempt Part I (Regulatory Capital Components Federal Reserve System, 20th Street and Small Savings and Loan Holding and Ratios), of form FR Y–9SP (Parent Constitution Avenue NW., Washington, Companies From the Regulatory Company Only Financial Statements for DC 20551. Capital Rules Small Holding Companies). All public comments will be made AGENCY: Board of Governors of the DATES: This interim final rule is available on the Board’s Web site at Federal Reserve System (Board). effective January 30, 2015. Comments http://www.federalreserve.gov/apps/ on the interim final rule must be ACTION: Interim final rule with request foia/proposedregs.aspx as submitted, for comment. received on or before March 5, 2015. unless modified for technical reasons. Comments on the Paperwork Reduction Accordingly, your comments will not be SUMMARY: The Board invites comment Act burden estimates must be received edited to remove any identifying or on an interim final rule that would on or before April 6, 2015. contact information. Public comments exempt savings and loan holding ADDRESSES: You may submit comments, may also be viewed electronically or in companies that have total consolidated identified by Docket No. R–1508 and paper form in Room MP–500 of the assets of less than $500 million and RIN No. 7100–AE 29, by any of the Board’s Martin Building (20th and C meet certain other requirements from following methods: Streets NW., Washington, DC 20551)

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between 9:00 a.m. and 5:00 p.m. on enactment of Public Law 113–250 Congress intended to exempt a weekdays. (described below), there was no qualifying savings and loan holding FOR FURTHER INFORMATION CONTACT: corresponding exception for small company from minimum regulatory 5 Constance M. Horsley, Assistant savings and loan holding companies. capital requirements upon passage of Director, (202) 452–5239, Cynthia As a result of these actions, savings the Act, the Act instead simply removes Ayouch, Manager, (202) 452–2204, and loan holding companies of all sizes the statutory requirement that the Board Thomas Boemio, Manager (202) 452– were made subject to the same impose minimum regulatory capital 2982, Douglas Carpenter, Senior minimum capital requirements that are requirements on such a savings and loan Supervisory Financial Analyst, (202) generally applicable to banks. In July holding company. Because the Board 452–2205, or Page Conkling, 2013, the Board adopted revisions to its adopted Regulation Q, as applied to Supervisory Financial Analyst (202) regulatory capital framework savings and loan holding companies, 912–4647), Capital and Regulatory (Regulation Q) to strengthen the pursuant to the Home Owners’ Loan Act Policy, Division of Banking Supervision requirements applicable to bank holding and the Board’s general safety and and Regulation; Laurie Schaffer, companies and state member banks, soundness authority, prior to enactment Associate General Counsel, (202) 452– apply the regulatory capital framework of the Act, and those requirements 2277, Christine Graham, Counsel, (202) to savings and loan holding companies became effective as of January 1, 2015, 452–3005, or Mark Buresh, Attorney, for the first time in accordance with the Board believes it is appropriate to (202) 452–5270, Legal Division, Board of section 171 of the Dodd-Frank Act, and issue an interim final rule revising implement various requirements of the Regulation Q to exempt qualifying Governors of the Federal Reserve 6 System, 20th and C Streets NW., Dodd-Frank Act, including section 171. savings and loan holding companies Washington, DC 20551. For the hearing Consistent with section 171 (prior to from consolidated regulatory capital impaired only, Telecommunication enactment of enactment of Pub. L. 113– requirements in a manner consistent Device for the Deaf (TDD), (202) 263– 250, described below), Regulation Q did with the Act. Without such action, not apply to small bank holding 4869. qualifying savings and loan holding companies and generally applied to companies are subject to Regulation Q SUPPLEMENTARY INFORMATION: savings and loan holding companies, as of January 1, 2015.10 I. Background regardless of size, beginning on January 1, 2015.7 II. The Interim Final Rule In 2010, Congress enacted the Dodd- In December 2014, Congress enacted The interim final rule revises Frank and Consumer and the President signed into law Public Regulation Q, effective January 30, 2015, Protection Act (Dodd-Frank Act) to Law 113–250 (the Act).8 Among other to exclude a qualifying savings and loan address weaknesses in the financial changes, the Act revised section 171 of holding company from consolidated system that contributed to the financial the Dodd-Frank Act to exempt a savings regulatory capital requirements. crisis.1 In part, the Dodd-Frank Act and loan holding company from the Specifically, the exclusion from transferred supervision and regulatory minimum regulatory capital Regulation Q would apply to a savings responsibility for savings and loan requirements of section 171 of the and loan holding company that has total holding companies to the Board from Dodd-Frank Act effective on December consolidated assets of less than $500 the Office of Thrift Supervision, and 18, 2014, to the extent that the savings million and that also meets the authorized the Board to promulgate and loan holding company would have qualitative requirements set forth in the regulations and orders in connection been exempt if it had been a small bank Policy Statement. These qualitative with supervising savings and loan holding company that met the requirements specify that the savings holding companies, including requirements of the Policy Statement and loan holding company: (i) Is not establishing regulatory capital (qualifying savings and loan holding engaged in significant nonbanking requirements.2 company).9 While it appears that activities either directly or through a In addition, section 171 of the Dodd- nonbank subsidiary; (ii) does not Frank Act directed the Board to impose consolidated assets of less than $500 million that conduct significant off-balance sheet minimum regulatory capital (i) are not engaged in any nonbanking activities activities (including securitization and requirements on state member banks, involving significant leverage; (ii) are not engaged in any significant off-balance sheet activities; and asset management or administration) bank holding companies, and savings (iii) do not have a significant amount of outstanding either directly or through a nonbank and loan holding companies that are no debt that is held by the general public. See 12 CFR subsidiary; and (iii) does not have a less than the generally applicable 225, appendix C. material amount of debt or equity minimum capital requirements 5 12 U.S.C. 5371(b)(5)(C) (prior to the enactment securities outstanding (other than trust of Pub. L. 113–250). applicable to insured depository 6 preferred securities) that are registered 3 The Board and the OCC issued a joint final rule institutions. Recognizing that small on October 11, 2013 (78 FR 62018), and the FDIC with the Securities and Exchange bank holding companies historically issued a substantially identical interim final rule on Commission (SEC) (Qualitative had not been subject to the Board’s September 10, 2013 (78 FR 55340). In April 2014, Requirements). capital adequacy guidelines, section 171 the FDIC adopted the interim final rule as a final The Policy Statement currently rule with no substantive changes. 79 FR 20754 exempted bank holding companies that (April 14, 2014). applies only to bank holding companies. were subject to the Board’s Small Bank 7 12 CFR 217.1(c), (f). The Board’s Regulation Q As such, the first Qualitative Holding Company Policy Statement (12 does not apply to savings and loan holding Requirement uses the terms CFR part 225, appendix C) (Policy companies that are substantially engaged in Statement).4 However, prior to insurance underwriting or commercial activities. 12 to the Policy Statement that would increase the CFR 217.2. asset threshold for its applicability to bank holding 8 To enhance the ability of community financial 1 companies from $500 million to $1 billion, and Public Law 111–203, 124 Stat. 1376 (July 21, institutions to foster economic growth and serve would apply the Policy Statement to savings and 2010). their communities, boost small businesses, increase loan holding companies with total consolidated 2 See 12 U.S.C. 5412; 12 U.S.C. 1467a(g)(1). individual savings, and for other purposes, Public assets of less than $1 billion. Concurrent with this 3 12 U.S.C. 5371. Law 113–250 (December 18, 2014) (Pub. L. 113– interim final rule, the Board is issuing a proposal 4 As in effect as of May 19, 2010, the Board’s 250). to seek comment in implementing these other Small Bank Holding Company Policy Statement 9 Public Law 113–250, section 2(b). Public Law provisions of Public Law 113–250. applied to bank holding companies with pro forma 113–250 also directs the Board to propose revisions 10 12 CFR 217.1(f).

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‘‘nonbanking activities’’ and ‘‘nonbank regarding regulatory capital components adoption of revisions to Regulation Q subsidiary’’ to refer to the activities of on the form FR Y–9SP. would implement Congressional intent, a bank holding company. Under the In addition to amending section 171 provide clarity to the public and Bank Holding Company Act of 1956, for qualifying savings and loan holding qualifying savings and loan holding however, control of a savings companies as described above, the Act companies regarding the capital rules association by a bank holding company directs the Board to publish in the applicable to them, and relieve burden is considered a nonbanking activity.11 Federal Register proposed revisions to on qualifying savings and loan holding Because savings and loan holding the Policy Statement that provide that companies that became subject to companies control savings associations, the Policy Statement shall apply to Q for the first time beginning all of their activities, including the holding companies and savings and on January 1, 2015. control of savings associations, would loan holding companies that have pro The Board finds that, under these be considered nonbanking activities forma consolidated assets of less than $1 circumstances, prior notice and under the Policy Statement. The Board billion. Elsewhere in today’s Federal comment through the issuance of a believes this outcome would be Register, the Board is inviting comment notice of proposed rulemaking are inconsistent with Congressional intent on a proposal that would raise the asset impracticable and that the public to apply the Policy Statement to savings size threshold for determining interest is best served by making the and loan holding companies.12 applicability of the Policy Statement rule effective January 30, 2015. Delaying As is the case with bank holding and expand the scope of the Policy revisions to Regulation Q to complete a companies, whether a savings and loan Statement to include savings and loan traditional notice and comment holding company engages in holding companies. rulemaking process would cause ‘‘significant’’ nonbanking activities IV. Request for Comments qualifying savings and loan holding (other than operation of one or more companies to expend significant savings associations) will depend on the The Board invites comment on all resources to come into compliance with scope of the activities of the savings and aspects of the interim final rule. Regulation Q, only to be relieved from loan holding company, the nature and V. Effective Date; Solicitation of these requirements upon the effective level of risk of the activities, the Comments date of the Board’s final regulations condition of the savings and loan implementing the changes contemplated This interim final rule is effective holding company, and other criteria as by the Act. appropriate.13 January 30, 2015. Pursuant to the For these reasons, the Board finds Administrative Procedure Act (APA), at good cause to dispense with the delayed III. Related Rulemaking and Revisions 5 U.S.C. 553(b)(B), notice and comment effective date otherwise required by 5 to Reporting Requirements are not required prior to the issuance of U.S.C. 553(b)(B) and 553(d)(3). In connection with this interim final a final rule if an agency, for good cause, rule, the Board proposes to remove the finds that ‘‘notice and public procedure VI. Regulatory Analysis requirement that qualifying savings and thereon are impracticable, unnecessary, A. Regulatory Flexibility Act Analysis loan holding companies complete or contrary to the public interest.’’ 15 The requirements of the Regulatory Schedule SC–R, Part I (Regulatory Similarly, a final rule may be published Flexibility Act (5 U.S.C. 601 et seq) Capital Components and Ratios) of form with an immediate effective date if an (RFA) are not applicable to this interim FR Y–9SP (Parent Company Only agency finds good cause and publishes final rule.17 Nonetheless, the Board Financial Statements for Small Holding such with the final rule.16 In December believes that the interim final rule Companies).14 This schedule would 18, 2014, the President signed into law would not have a significant economic have collected information on Public Law 113–250, which revised impact on a substantial number of small consolidated regulatory capital section 171 of the Dodd-Frank Act. entities. The Board requests comment components and ratios from qualifying Public Law 113–250 was effective upon on its conclusion that the new interim savings and loan holding companies enactment and exempts a savings and final rule should not have a significant that are subject to Regulation Q, loan holding company from the economic impact on a substantial effective June 30, 2015. Because the minimum capital requirements of number of small entities. interim final rule excludes a qualifying section 171 of the Dodd-Frank Act to the extent that the savings and loan holding The RFA generally requires an agency savings and loan holding company from to assess the impact a rule is expected Regulation Q, the Board would not company would have been exempt if it 18 were a similarly-sized bank holding to have on small entities. The RFA require such a savings and loan holding requires an agency either to provide a company to report information company. Prior to enactment of the Act, the Board revised the minimum capital regulatory flexibility analysis or to certify that the interim final rule will 11 See 12 U.S.C. 1841(c)(2)(B), 1841(j), and requirements in accordance with section 1843(i)(1). 171 of the Dodd-Frank Act and, in not have a significant economic impact 12 See, e.g., Public Law 113–250, sec. 2(b). accordance with that section, made on a substantial number of small 13 For purposes of applying the Policy Statement these minimum capital requirements to savings and loan holding companies, the term 17 The requirements of the RFA are not applicable ‘‘nonbank subsidiary’’ as used in the Policy applicable to savings and loan holding to rules adopted under the Administrative Statement would refer to a subsidiary of a savings companies of all sizes. Because Procedure Act’s ‘‘good cause’’ exception. See 5 and loan holding company other than a savings Congress intended to exempt qualifying U.S.C. 601(2) (defining ‘‘rule’’ and notice association or a subsidiary of a savings association. savings and loan holding companies requirements under the Administrative Procedure 14 Pursuant to Paperwork Reduction Act’s from minimum capital requirements Act). emergency review process, 44 U.S.C. 3507(j), the 18 Under standards the U.S. Small Business Board is filing an emergency clearance review to upon passage of the Act, the Board Administration has established, an entity is remove the requirement that qualifying savings and believes it is appropriate to revise considered ‘‘small’’ if it has $175 million or less in loan holding companies complete Schedule SC–R, Regulation Q in order to effect assets for banks and other depository institutions. Part I of form FR Y–9SP. The change implemented Congressional intent. Immediate U.S. Small Business Administration, Table of Small through the emergency clearance process would be Business Size Standards Matched to North effective for six months. The Board is now American Industry Classification System Codes, proposing to make the change permanent and 15 5 U.S.C. 553(b)(3)(B). available at http://www.sba.gov/idc/groups/public/ invites public comment. 16 5 U.S.C. 553(d)(3). documents/sba_homepage/serv_sstd_tablepdf.pdf.

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entities. Based on this analysis and for Reserve’s functions, including whether corresponding revisions to the FR Y–9C the reasons stated below, the Board the information has practical utility; and FR Y–9SP. Effective March 31, believes that this interim final rule will (b) The accuracy of the Federal 2014, the Federal Reserve split the not have a significant economic impact Reserve’s estimate of the burden of the Schedule HC–R, Regulatory Capital, on on a substantial number of small proposed information collections, the FR Y–9C into two parts: Part I, entities. including the validity of the which collected information on Under regulations issued by the U.S. methodology and assumptions used; regulatory capital components and (c) Ways to enhance the quality, Small Business Administration, a small ratios under the revised regulatory entity includes a depository institution, utility, and clarity of the information to be collected; capital rules, and Part II, which bank holding company, or savings and collected information on the existing loan holding company with total assets (d) Ways to minimize the burden of the information collections on risk-weighted assets reporting of $550 million or less (a small banking requirements. Advanced approaches organization).19 As of June 30, 2014, respondents, including through the use holding companies, except savings and there were 254 small savings and loan of automated collection techniques or loan holding companies, began holding companies. other forms of information technology; The Board believes that this interim and reporting on the proposed Schedule final rule will reduce regulatory burden (e) Estimates of capital or startup costs HC–R, Part I.B, Regulatory Capital and costs of operation, maintenance, 21 by excluding a significant majority of Components and Ratios effective and purchase of services to provide savings and loan holding companies March 2014. All other HC–R filers information. with less than $500 million in total would begin reporting on the proposed All comments will become a matter of Schedule HC–R, Part I, Regulatory consolidated assets from the Board’s public record. Comments on aspects of regulatory capital requirements in Capital Components and Ratios, this notice that may affect reporting, effective March 31, 2015.22 The Board Regulation Q. The Board believes that recordkeeping, or disclosure also approved in January 2014, most affected savings and loan holding requirements and burden estimates Schedule SC–R, Part I, Regulatory companies currently have sufficient should be sent to: Secretary, Board of capital to satisfy the minimum Governors of the Federal Reserve Capital Components and Ratios, to requirements of Regulation Q. System, 20th and C Streets NW., collect information on consolidated Therefore, the relief provided by this Washington, DC 20551. A copy of the regulatory capital components and interim final rule relates largely to the comments may also be submitted to the ratios from small SLHCs that are subject significant burden of establishing and OMB desk officer: By mail to U.S. Office to the revised regulatory capital rules, maintaining the systems necessary to of Management and Budget, 725 17th effective June 30, 2015. Schedule SC–R, monitor and demonstrate compliance Street NW., #10235, Washington, DC Part I, would collect the same data items with Regulation Q. 20503 or by facsimile to 202–395–5806, as Schedule HC–R, Part I, except The Board is aware of no other Attention, Agency Desk Officer. Schedule HC–R, Part I, would collect Federal rules that duplicate, overlap, or conflict with this interim final rule. The Proposed Revisions, With Extension, to the Following Information Collection published in the Federal Register on October 11, Board does not believe that there are 2013. See 78 FR 62018. significant alternatives to the interim Title of Information Collection: 21 An advanced approaches institution as defined final rule that would reduce the Consolidated Financial Statements for in section 100 of the revised regulatory capital rules economic impact on small banking Holding Companies; Parent Company (i) has consolidated total assets (excluding assets held by an insurance underwriting subsidiary) on organizations supervised by the Board. Only Financial Statements for Large its most recent year-end regulatory report equal to B. Paperwork Reduction Act Analysis Holding Companies; Parent Company $250 billion or more; (ii) has consolidated total on- Only Financial Statements for Small balance sheet foreign exposure on its most recent In accordance with section 3512 of Holding Companies; Financial year-end regulatory report equal to $10 billion or the Paperwork Reduction Act of 1995 more (excluding exposures held by an insurance Statements for Employee Stock underwriting subsidiary), as calculated in (44 U.S.C. 3501–3521) (PRA), the Board Ownership Plan Holding Companies; accordance with FFIEC 009 (OMB No. 7100–0035); may not conduct or sponsor, and a and Supplement to the Consolidated (iii) is a subsidiary of a depository institution that respondent is not required to respond Financial Statements for Holding uses the advanced approaches pursuant to subpart to, an information collection unless it Companies. E of 12 CFR part 3 (OCC), 12 CFR part 217 (Board), or 12 CFR part 325 (FDIC) to calculate its total risk- displays a currently valid Office of Agency Form Number: FR Y–9C; FR weighted assets; (iv) is a subsidiary of a BHC or Management and Budget (OMB) control Y–9LP; FR Y–9SP; FR Y–9ES; and FR SLHC that uses the advanced approaches pursuant number. The OMB control number is Y–9CS. to 12 CFR part 217 to calculate its total risk- 7100–0128. The Board reviewed the OMB Control Number: 7100–0128. weighted assets; or (v) elects to use the advanced interim final rule under the authority Frequency of Response: Quarterly, approaches to calculate its total risk-weighted semiannually, annually, and on assets. See 78 FR 62018. delegated to the Board by OMB. The 22 During the 2014 reporting periods, Part I interim final rule contains requirements occasion. Schedule HC–R was divided into Part I.A and Part subject to the PRA. The reporting Affected Public: Businesses or other I.B. Part I.A (completed by non-advanced requirements are found in sections for-profit. approaches HCs) included data items 1 through 33 217.1(c)(1)(iii). Respondents: Bank holding of current Schedule HC–R. Part I.B (completed by companies, savings and loan holding advanced approaches HCs) included reporting Comments are invited on: revisions consistent with the revised regulatory (a) Whether the proposed collections companies, and securities holding capital rules. Part II (completed by all HC–R filers) of information are necessary for the companies (collectively, ‘‘holding included data items 34 through Memoranda item 10 proper performance of the Federal companies’’). of current Schedule HC–R. Effective March 31, Abstract: In 2013, the Board revised 2015, Part I.A would be removed and Part I.B would become Part I (to be completed by all HC–R filers). 19 its regulatory capital rules (revised See 13 CFR 121.201. Effective July 14, 2014, the 20 Part II would be renumbered data items 1 through Small Business Administration revised the size regulatory capital rules), requiring Memoranda item 4 and, consistent with the revised standards for banking organizations to $550 million regulatory capital rules, would implement the in assets from $500 million in assets. 79 FR 33647 20 The revised regulatory capital rules were standardized approach for the risk weighting of (June 12, 2014). approved and issued by the Board in July 2013 and assets (to be completed by all HC–R filers).

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additional data from advanced List of Subjects in 12 CFR Part 217 DEPARTMENT OF TRANSPORTATION approaches HCs. Pursuant to the PRA’s emergency Administrative practice and Federal Aviation Administration review process, 44 U.S.C. 3507(j), the procedure, Banks, banking, Capital, Board is filing an emergency clearance Federal Reserve System, Holding 14 CFR Part 39 companies, Reporting and review to eliminate Schedule SC–R, [Docket No. FAA–2015–0082; Directorate Regulatory Capital, Part I, on the Parent recordkeeping requirements, Securities. Identifier 2014–NM–233–AD; Amendment Company Only Financial Statements for Board of Governors of the Federal 39–18092; AD 2015–02–23] Small Holding Companies (FR Y–9SP) to reduce burden on small SLHCs Reserve System RIN 2120–AA64 immediately. In the emergency 12 CFR CHAPTER II Airworthiness Directives; Bombardier, submission, the burden for the FR Y– Inc. Airplanes 9SP related to the elimination of Authority and Issuance AGENCY: Federal Aviation Schedule SC–R, Regulatory Capital, Part For the reasons set forth in the I, would decrease by 156,935 hours. The Administration (FAA), Department of supplementary information, the Board Transportation (DOT). change implemented through the amends 12 CFR Chapter II part 217 to emergency clearance process would be ACTION: Final rule; request for read as follows: effective for six months. The Board is comments. now proposing to make the change PART 217—CAPITAL ADEQUACY OF SUMMARY: We are adopting a new permanent and welcomes public BANK HOLDING COMPANIES, comment on any aspect of this airworthiness directive (AD) for certain SAVINGS AND LOAN HOLDING Bombardier, Inc. Model CL–600–1A11 information collection. The burden COMPANIES, AND STATE MEMBER estimates below reflect the updated (CL–600), CL–600–2A12 (CL–601), and BANKS (REGULATION Q) CL–600–2B16 (CL–601–3A, and CL– number from the total emergency 601–3R Variants) airplanes. This AD clearance review. ■ 1. The authority citation for part 217 requires repetitive inspections for Estimated Paperwork Burden continues to read as follows: fractured or incorrectly oriented Estimated Burden per Response: fasteners on the inboard flap hinge-box Authority: 12 U.S.C. 248(a), 321–338a, forward fittings on both wings, and FR Y–9C (non Advanced Approaches 481–486, 1462a, 1467a, 1818, 1828, 1831n, replacement of all fasteners, if bank holding companies)—48.84 1831o, 1831p–l, 1831w, 1835, 1844(b), 1851, necessary. This AD was prompted by hours; 3904, 3906–3909, 4808, 5365, 5368, 5371. FR Y–9C (Advanced Approaches bank several reports of incorrectly oriented holding companies)—50.09 hours; ■ 2. In § 217.1, amend paragraph and fractured fasteners found on the FR Y–9LP—5.25 hours; (c)(1)(iii) to read as follows: inboard flap hinge-box forward fitting at FR Y–9SP—5.40 hours; wing station (WS) 76.50. We are issuing FR Y–9ES—0.5 hours; and § 217.1 Purpose, applicability, this AD to detect and correct incorrectly FR Y–9CS—0.5 hours. reservations of authority, and timing. oriented or fractured fasteners, which Number of respondents: * * * * * could result in detachment of the flap FR Y–9C (non Advanced Approaches hinge-box and the flap surface, and bank holding companies)—644; (c) * * * consequent reduced controllability of FR Y–9C (Advanced Approaches bank (1) * * * the airplane. holding companies)—12; DATES: This AD becomes effective FR Y–9LP—818; (iii) A covered savings and loan FR Y–9SP—4,390; holding company domiciled in the February 18, 2015. FR Y–9ES—86; and , other than a savings and The Director of the Federal Register FR Y–9CS—236. loan holding company that has total approved the incorporation by reference Total estimated annual burden: consolidated assets of less than $500 of certain publications listed in this AD as of February 18, 2015. FR Y–9C (non Advanced Approaches million and meets the requirements of bank holding companies)—125,812 We must receive comments on this 12 CFR part 225, Appendix C, as if the AD by March 20, 2015. hours; savings and loan holding company were ADDRESSES: You may send comments, FR Y–9C (Advanced Approaches bank a bank holding company and the holding companies)—2,404 hours; using the procedures found in 14 CFR savings association were a bank. For FR Y–9LP—17,178 hours; 11.43 and 11.45, by any of the following FR Y–9SP—47,412 hours; purposes of compliance with the capital methods: FR Y–9ES—43 hours; and adequacy requirements and calculations • Federal eRulemaking Portal: Go to FR Y–9CS—472 hours. (Total burden in this part, savings and loan holding http://www.regulations.gov. Follow the 193,321 hours) companies that do not file the FR Y–9C instructions for submitting comments. should follow the instructions to the FR • Fax: 202–493–2251. C. Plain Language Y–9C. • Mail: U.S. Department of Section 722 of the Gramm-Leach- * * * * * Transportation, Docket Operations, M– Bliley Act requires the Federal banking 30, West Building Ground Floor, Room agencies to use ‘‘plain language’’ in all By order of the Board of Governors of the W12–140, 1200 New Jersey Avenue SE., proposed and final rules published after Federal Reserve System, January 29, 2015. Washington, DC 20590. January 1, 2000. In light of this Michael Lewandowski, • Hand Delivery: U.S. Department of requirement, the Board has sought to Associate Secretary of the Board. Transportation, Docket Operations, M– present the interim final rule in a simple [FR Doc. 2015–02038 Filed 1–30–15; 11:15 am] 30, West Building Ground Floor, Room and straightforward manner. The Board W12–140, 1200 New Jersey Avenue SE., BILLING CODE 6210–01–P invites comments on whether there are Washington, DC, between 9 a.m. and 5 additional steps it could take to make p.m., Monday through Friday, except the rule easier to understand. Federal holidays.

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