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/register/2012/10/31/2012-26662A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
--- schema: federal-register doc_type: fedreg source_file: FR-2012-10-31.xml --- 77 211 Wednesday, October 31, 2012 Contents Agency Health Agency for Healthcare Research and Quality NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 65888-65892 2012-26596 Meetings: National Research Service Awards Institutional Research Training Grants, 65892 2012-26597 Patient Safety Organizations; Delistings: Voluntary Relinquishment from PDR Secure, LLC, 65892-65893 2012-26598 Agriculture Agriculture Department See Animal and Plant Health Inspection Service See Grain Inspection, Packers and Stockyards Administration Animal Animal and Plant Health Inspection Service PROPOSED RULES Chrysanthemum White Rust Regulatory Status and Restrictions, 65840 2012-26730 NOTICES Agency Information Collection Activities;
Proposals, Submissions, and Approvals: Importation of Live Swine, Pork and Pork Products, and Swine Semen from European Union, 65853 2012-26726 Importation of Products of Poultry and Birds, 65854 2012-26729 Importation of Unshu Oranges from Republic of Korea into Continental United States, 65852-65853 2012-26725 Irradiation Phytosanitary Treatment of Imported Fruits and Vegetables, 65854-65855 2012-26727 Consumer Financial Protection Bureau of Consumer Financial Protection RULES Defining Larger Participants of Consumer Debt Collection Market, 65775-65799 2012-26467 Centers Disease Centers for Disease Control and Prevention NOTICES Agency Information Collection Activities;
Proposals, Submissions, and Approvals, 65893-65895 2012-26826 2012-26834 Children Children and Families Administration NOTICES Single-Source Program Expansion Supplement Grants; Awards: Tribal Early Learning Initiative, 65895-65896 2012-26743 Single-Source Replacement Grants; Awards: SOS Children's Villages Illinois, Chicago, IL, 65896 2012-26745 Civil Rights Civil Rights Commission NOTICES Meetings; Sunshine Act, 65856 2012-26842 Coast Guard Coast Guard RULES Safety Zones: Bridge Demolition Project;
Indiana Harbor Canal, East Chicago, IN, 65818-65820 2012-26821 Chicago Harbor, Navy Pier Southeast, Chicago, IL, 65820-65821 2012-26817 Large Cruise Ships; Lower Mississippi River, Southwest Pass Sea Buoy to Mile Marker 96.0, New Orleans, LA, 65816-65818 2012-26808 Special Local Regulations: Marine Events in Seventh Coast Guard District, 65815-65816 2012-26807 NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 65897-65898 2012-26718 Commerce Commerce Department See Foreign-Trade Zones Board See Industry and Security Bureau See International Trade Administration See National Oceanic and Atmospheric Administration Corporation Corporation for National and Community Service NOTICES Agency Information Collection Activities;
Proposals, Submissions, and Approvals, 65868 2012-26785 Defense Department Defense Department See Navy Department Defense Nuclear Defense Nuclear Facilities Safety Board NOTICES Extension of Hearing Record Closure Date, 65871 2012-26703 Energy Department Energy Department See Federal Energy Regulatory Commission RULES Energy Conservation Program: Test Procedures for Residential Dishwashers, Dehumidifiers, and Conventional Cooking Products, 65942-65997 2012-25645 Environmental Protection Environmental Protection Agency RULES Approvals and Promulgations of Implementation Plans:
New Mexico; Albuquerque/Bernalillo County Motor Vehicle Inspection, 65821-65823 2012-26677 Emission Standards and Test Procedures: Control of Air Pollution from Aircraft and Aircraft Engines, 65823-65824 C1--2012--13828 Exemptions from Requirements of a Tolerance: Calcium Gluconate, 65824-65827 2012-26523 Pesticide Tolerances: Trifloxystrobin, 65827-65831 2012-26757 Tolerance Exemptions: a-(p-Nonylphenyl)poly(oxypropylene) block polymer with poly(oxyethylene), 65831-65834 2012-26521 Residues of Fatty Acids, Tall-Oil, Ethoxylated Propoxylated, 65834-65837 2012-26648 PROPOSED RULES Section 610 Reviews of Heavy-Duty Engine and Vehicle Standards and Highway Diesel Fuel Sulfur Control Requirements:
Reinforced Plastic Composites Production; NPDES Permit Regulation and Effluent Limitations Guidelines Standards for Concentrated Animal Feeding Operations, 65840-65842 2012-26794 NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Part B Permit Application, Permit Modifications, and Special Permits, 65875 2012-26789 Meetings: Adequacy of Arizona Municipal Solid Waste Landfill Permit Program, 65875-65877 2012-26792 Pesticide Products: Registration Applications to Register New Uses, 65877-65878 2012-26652 Export Import Export-Import Bank NOTICES Applications:
Final Commitment for Long-term Loan or Financial Guarantee in Excess of 100 Million Dollars, 65878-65879 2012-26728 Federal Aviation Federal Aviation Administration RULES Airworthiness Directives: Airbus Airplanes, 65799-65801, 65808-65810, 65812-65815 2012-26171 2012-26192 2012-26198 BAE SYSTEMS OPERATIONS LIMITED Airplanes, 65801-65803 2012-26185 Bombardier, Inc. Airplanes, 65810-65812 2012-26088 The Boeing Company Airplanes, 65803-65808 2012-26187 2012-26483 Federal Communications Federal Communications Commission RULES Program Access Rules, 66026-66051 2012-26456 PROPOSED RULES Program Access Rules, 66052-66065 2012-26455 NOTICES Agency Information Collection Activities;
Proposals, Submissions, and Approvals, 65879-65881 2012-26698 2012-26699 Federal Deposit Federal Deposit Insurance Corporation RULES Assessments, Large Bank Pricing, 66000-66024 2012-25943 NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 65881-65886 2012-26760 2012-26763 2012-26764 2012-26765 2012-26766 2012-26767 2012-26768 Federal Emergency Federal Emergency Management Agency PROPOSED RULES Flood Elevation Determinations: Unincorporated Areas of Robeson County, NC, 65842-65843 2012-26734 Proposed Flood Elevation Determinations:
Montgomery County, Alabama and Incorporated Areas, 65843 2012-26754 Federal Energy Federal Energy Regulatory Commission NOTICES Combined Filings, 65871-65873 2012-26722 2012-26749 2012-26750 2012-26752 Filings: Michigan Consolidated Gas Co., 65874 2012-26714 North American Electric Reliability Corp., 65873-65874 2012-26713 Initial Market-Based Rate Filings Including Requests for Blanket Section 204 Authorization: Caerus Energy, LLC, 65874 2012-26721 Petitions for Declaratory Orders:
Kinder Morgan Pony Express Pipeline LLC; Hiland Crude LLC, 65874-65875 2012-26751 Federal Highway Federal Highway Administration NOTICES Buy America Waivers, 65928-65929 2012-26797 Final Federal Agency Actions: Tappan Zee Hudson River Crossing Project in New York, 65929 2012-26799 Federal Maritime Federal Maritime Commission NOTICES Agreements Filed, 65886 2012-26717 Filings of Complaints and Assignments: Century Metal Recycling Pvt. Ltd v. Dacon Logistics, LLC dba Coda Forwarding, et al., 65886-65887 2012-26702 Ocean Transportation Intermediary License Applicants, 65887-65888 2012-26701 Federal Motor Federal Motor Carrier Safety Administration NOTICES Qualifications of Drivers:
Exemption Applications; Diabetes Mellitus, 65929-65933 2012-26737 2012-26739 Exemption Applications; Vision, 65933-65935 2012-26733 Federal Railroad Federal Railroad Administration NOTICES Applications for Approval of Discontinuance or Modification of Railroad Signal System, 65935 2012-26819 Petitions for Waivers of Compliance, 65935-65936 2012-26812 Federal Reserve Federal Reserve System RULES Reserve Requirements of Depository Institutions, 65773-65775 2012-26662 NOTICES Changes in Bank Control:
Acquisitions of Shares of a Bank or Bank Holding Company, 65888 2012-26777 Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 65888 2012-26776 Foreign Claims Foreign Claims Settlement Commission NOTICES Meetings; Sunshine Act, 65908 2012-26851 Foreign Trade Foreign-Trade Zones Board NOTICES Proposed Production Activities; Cosmetics and Personal Care Products: Foreign-Trade Subzone 93G; Revlon Consumer Products Corp., Oxford, NC, 65856-65857 2012-26802 Geological Geological Survey NOTICES Agency Information Collection Activities;
Proposals, Submissions, and Approvals, 65903-65904 2012-26736 Grain Inspection Grain Inspection, Packers and Stockyards Administration NOTICES Designations; Cancellations: Indianapolis Grain Inspection and Weighing Service, Inc.; Selection of Interim Provider, etc., 65855-65856 2012-26824 Health and Human Health and Human Services Department See Agency for Healthcare Research and Quality See Centers for Disease Control and Prevention See Children and Families Administration See National Institutes of Health Healthcare Research and Quality Agency See Agency for Healthcare Research and Quality Homeland Homeland Security Department See Coast Guard See Federal Emergency Management Agency See U.S.
Citizenship and Immigration Services See U.S. Customs and Border Protection See U.S. Immigration and Customs Enforcement Industry Industry and Security Bureau NOTICES Meetings: Materials Processing Equipment Technical Advisory Committee, 65857 2012-26782 Materials Technical Advisory Committee, 65857 2012-26784 Transportation and Related Equipment Technical Advisory Committee, 65857-65858 2012-26773 Interior Interior Department See Geological Survey See Land Management Bureau See National Park Service NOTICES Agency Information Collection Activities;
Proposals, Submissions, and Approvals: Payments in Lieu of Taxes, 65902-65903 2012-26732 Internal Revenue Internal Revenue Service NOTICES Meetings: Advisory Council to the Internal Revenue Service, 65937-65938 2012-26696 International Trade Adm International Trade Administration NOTICES Antidumping and Countervailing Duty Administrative Reviews; Results, Extensions, Amendments, etc., 65858-65863 2012-26800 Applications for Duty-Free Entry of Scientific Instruments, 65863-65864 2012-26798 North American Free-Trade Agreement;
Article 1904 Binational Panel Reviews, 65864 2012-26694 International Trade Com International Trade Commission NOTICES Antidumping Duty Investigations; Results, Extensions, Amendments, etc.: Silicomanganese from Brazil, China, and Ukraine, 65906-65907 2012-26747 Investigations: Certain Automated Media Library Devices, 65907-65908 2012-26709 Justice Department Justice Department See Foreign Claims Settlement Commission Land Land Management Bureau NOTICES Filings of Plats of Surveys:
New Mexico, 65904-65905 2012-26771 Meetings: California Desert District Advisory Council, 65905 2012-26796 Carrizo Plain National Monument Advisory Council, 65905 2012-26820 Proposed Withdrawal Extension and Opportunity for Public Meeting: OR, 65905-65906 2012-26700 National Institute National Institutes of Health NOTICES Meetings: National Institute of Neurological Disorders and Stroke, 65896 2012-26695 National Oceanic National Oceanic and Atmospheric Administration RULES Expansion of Fagatele Bay National Marine Sanctuary, Regulatory Changes, and Sanctuary Name Change:
Notice of Effective Date, 65815 2012-26563 Fisheries of the Exclusive Economic Zone Off Alaska: Pacific Ocean Perch in Bering Sea Subarea of Bering Sea and Aleutian Islands Management Area, 65838-65839 2012-26786 Reallocation of Pacific Cod in the Bering Sea and Aleutian Islands Management Area, 65837-65838 2012-26659 PROPOSED RULES Fisheries of the Exclusive Economic Zone Off Alaska: Revisions to IFQ Program, 65843-65851 2012-26790 NOTICES Applications for Incidental Take Permits, 65864-65867 2012-26791 Meetings:
Mid-Atlantic Fishery Management Council, 65867-65868 2012-26795 National Park National Park Service NOTICES Boundary Revisions: Minidoka National Historic Site, 65906 2012-26810 National Science National Science Foundation NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 65908-65909 2012-26716 Navy Navy Department NOTICES Environmental Impact Statements; Availability, etc.: Disposal and Reuse of Surplus Properties at Naval Station Newport, RI, 65868-65870 2012-26755 Meetings:
U.S. Naval Academy Board of Visitors, 65870 2012-26811 Performance Review Board Membership, 65870-65871 2012-26758 Nuclear Regulatory Nuclear Regulatory Commission NOTICES Establishment of Atomic Safety and Licensing Board, 65909-65910 2012-26818 License Amendment Requests: Westinghouse Electric Co. LLC., Hematite Decommissioning Project, Festus, MO, 65910-65912 2012-26761 Postal Regulatory Postal Regulatory Commission NOTICES Priority Mail Contracts, 65912-65913 2012-26705 Securities Securities and Exchange Commission NOTICES Privacy Act;
Systems of Records, 65913-65917 2012-26724 Self-Regulatory Organizations; Proposed Rule Changes: Chicago Board Options Exchange, Inc., 65918-65920 2012-26712 NYSE Arca, Inc., 65920-65927 2012-26740 Options Clearing Corp., 65917-65918 2012-26711 State Department State Department NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Office of Language Services Contractor Application Form, 65927-65928 2012-26775 Meetings: Secretary of State's International Council on Women's Business Leadership, 65928 2012-26778 Surface Transportation Surface Transportation Board NOTICES Acquisition and Operation Exemptions:
ABE Fairmont, LLC; BNSF Railway Co., 65936 2012-26780 Control Exemptions: Pioneer Railcorp; Rail Switching Services, Inc., 65937 2012-26787 Operation Exemptions: Rail Switching Services, Inc.; Pemiscot County Port Authority, 65937 2012-26788 Transportation Department Transportation Department See Federal Aviation Administration See Federal Highway Administration See Federal Motor Carrier Safety Administration See Federal Railroad Administration See Surface Transportation Board Treasury Treasury Department See Internal Revenue Service U.S.
Citizenship U.S. Citizenship and Immigration Services NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: InfoPass System, 65898-65899 2012-26704 Customs U.S. Customs and Border Protection NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Delivery Ticket, 65900 2012-26738 Guarantee of Payment, 65899 2012-26742 Immigration U.S. Immigration and Customs Enforcement NOTICES Agency Information Collection Activities;
Proposals, Submissions, and Approvals: Electronic Funds Transfer Waiver Request, 65900-65901 2012-26706 Non-Immigrant Checkout Letter, 65901 2012-26707 Notice to Student or Exchange Visitor, 65901-65902 2012-26708 Veteran Affairs Veterans Affairs Department NOTICES Privacy Act; Systems of Records, 65938-65939 2012-26801 2012-26804 Separate Parts In This Issue Part II Energy Department, 65942-65997 2012-25645 Part III Federal Deposit Insurance Corporation, 66000-66024 2012-25943 Part IV Federal Communications Commission, 66026-66065 2012-26456 2012-26455 Reader Aids Consult the Reader Aids section at the end of this page for phone numbers, online resources, finding aids, reminders, and notice of recently enacted public laws.
To subscribe to the Federal Register Table of Contents LISTSERV electronic mailing list, go to http://listserv.access.gpo.gov and select Online mailing list archives, FEDREGTOC-L, Join or leave the list (or change settings); then follow the instructions. 77 211 Wednesday, October 31, 2012 Rules and Regulations FEDERAL RESERVE SYSTEM 12 CFR Part 204 [Regulation D; Docket No. R-1446] RIN 7100 AD 93 Reserve Requirements of Depository Institutions AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Final rule. SUMMARY: The Board is amending Regulation D, Reserve Requirements of Depository Institutions, to reflect the annual indexing of the reserve requirement exemption amount and the low reserve tranche for 2013. The Regulation D amendments set the amount of total reservable liabilities of each depository institution that is subject to a zero percent reserve requirement in 2013 at 12.4 million (from $11.5 million in 2012). This amount is known as the reserve requirement exemption amount.
The Regulation D amendments also set the amount of net transaction accounts at each depository institution (over the reserve requirement exemption amount) that is subject to a three percent reserve requirement in 2013 at $79.5 million (from $71.0 million in 2012). This amount is known as the low reserve tranche. The adjustments to both of these amounts are derived using statutory formulas specified in the Federal Reserve Act. The Board is also announcing changes in two other amounts, the nonexempt deposit cutoff level and the reduced reporting limit, that are used to determine the frequency at which depository institutions must submit deposit reports.
DATES: *Effective Date:* November 30, 2012. *Compliance Dates:* For depository institutions that report deposit data weekly, the new low reserve tranche and reserve requirement exemption amount will apply to the fourteen-day reserve computation period that begins Tuesday, November 27, 2012, and the corresponding fourteen-day reserve maintenance period that begins Thursday, December 27, 2012. For depository institutions that report deposit data quarterly, the new low reserve tranche and reserve requirement exemption amount will apply to the seven-day reserve computation period that begins Tuesday, December 18, 2012, and the corresponding seven-day reserve maintenance period that begins Thursday, January 17, 2013.
For all depository institutions, these new values of the nonexempt deposit cutoff level, the reserve requirement exemption amount, and the reduced reporting limit will be used to determine the frequency at which a depository institution submits deposit reports effective in either June or September 2013. FOR FURTHER INFORMATION CONTACT: Sophia H. Allison, Senior Counsel (202/452-3565), Legal Division, or Ezra A. Kidane, Financial Analyst (202/973-6161), Division of Monetary Affairs; for users of Telecommunications Device for the Deaf
(TDD)only, contact (202/263-4869); Board of Governors of the Federal Reserve System, 20th and C Streets, NW., Washington, DC 20551. SUPPLEMENTARY INFORMATION: Section 19(b)(2) of the Federal Reserve Act (12 U.S.C. 461(b)(2)) requires each depository institution to maintain reserves against its transaction accounts and nonpersonal time deposits, as prescribed by Board regulations, for the purpose of implementing monetary policy. Section 11(a)(2) of the Federal Reserve Act (12 U.S.C. 248(a)(2)) authorizes the Board to require reports of liabilities and assets from depository institutions to enable the Board to conduct monetary policy. The Board's actions with respect to each of these provisions are discussed in turn below. Reserve Requirements Pursuant to section 19(b) of the Federal Reserve Act (Act), transaction account balances maintained at each depository institution are subject to reserve requirement ratios of zero, three, or ten percent. Section 19(b)(11)(A) of the Act (12 U.S.C. 461(b)(11)(A)) provides that a zero percent reserve requirement shall apply at each depository institution to total reservable liabilities that do not exceed a certain amount, known as the reserve requirement exemption amount. Section 19(b)(11)(B) provides that, before December 31 of each year, the Board shall issue a regulation adjusting the reserve requirement exemption amount for the next calendar year if total reservable liabilities held at all depository institutions increase from one year to the next. No adjustment is made to the reserve requirement exemption amount if total reservable liabilities held at all depository institutions should decrease during the applicable time period. The Act requires the percentage increase in the reserve requirement exemption amount to be 80 percent of the increase in total reservable liabilities of all depository institutions over the one-year period that ends on the June 30 prior to the adjustment. Total reservable liabilities of all depository institutions increased about 9.6 percent (from $5,455 billion to $5,978 billion) between June 30, 2011, and June 30, 2012. Accordingly, the Board is amending Regulation D to set the reserve requirement exemption amount for 2013 at $12.4 million, an increase of $0.9 million from its level in 2012. 1 1 Consistent with Board practice, the low reserve tranche and reserve requirement exemption amounts have been rounded to the nearest $0.1 million. Pursuant to Section 19(b)(2) of the Act (12 U.S.C. 461(b)(2)), transaction account balances maintained at each depository institution over the reserve requirement exemption amount and up to a certain amount, known as the low reserve tranche, are subject to a three percent reserve requirement. Transaction account balances over the low reserve tranche are subject to a ten percent reserve requirement. Section 19(b)(2) also provides that, before December 31 of each year, the Board shall issue a regulation adjusting the low reserve tranche for the next calendar year. The Act requires the adjustment in the low reserve tranche to be 80 percent of the percentage increase or decrease in total transaction accounts of all depository institutions over the one-year period that ends on the June 30 prior to the adjustment. Net transaction accounts of all depository institutions increased 15.0 percent (from $1,190 billion to $1,368 billion) between June 30, 2011 and June 30, 2012. Accordingly, the Board is amending Regulation D to increase the low reserve tranche for net transaction accounts by $8.5 million, from $71.0 million for 2012 to $79.5 million for 2013. For depository institutions that file deposit reports weekly, the new low reserve tranche and reserve requirement exemption amount will be effective for the fourteen-day reserve computation period beginning Tuesday, November 27, 2012, and for the corresponding fourteen-day reserve maintenance period beginning Thursday, December 27, 2012. For depository institutions that report quarterly, the new low reserve tranche and reserve requirement exemption amount will be effective for the seven-day reserve computation period beginning Tuesday, December 18, 2012, and for the corresponding seven-day reserve maintenance period beginning Thursday, January 17, 2013. Deposit Reports Section 11(b)(2) of the Federal Reserve Act authorizes the Board to require depository institutions to file reports of their liabilities and assets as the Board may determine to be necessary or desirable to enable it to discharge its responsibility to monitor and control the monetary and credit aggregates. The Board screens depository institutions each year and assigns them to one of four deposit reporting panels (weekly reporters, quarterly reporters, annual reporters, or nonreporters). The panel assignment for annual reporters is effective in June of the screening year; the panel assignment for weekly and quarterly reporters is effective in September of the screening year. In order to ease reporting burden, the Board permits smaller depository institutions to submit deposit reports less frequently than larger depository institutions. The Board permits depository institutions with net transaction accounts above the reserve requirement exemption amount but total transaction accounts, savings deposits, and small time deposits below a specified level (the “nonexempt deposit cutoff”) to report deposit data quarterly. Depository institutions with net transaction accounts above the reserve requirement exemption amount but with total transaction accounts, savings deposits, and small time deposits above the nonexempt deposit cutoff are required to report deposit data weekly. The Board requires certain large depository institutions to report weekly regardless of the level of their net transaction accounts if the depository institution's total transaction accounts, savings deposits, and small time deposits exceeds a specified level (the “reduced reporting limit”). The nonexempt deposit cutoff level and the reduced reporting limit are adjusted annually, by an amount equal to 80 percent of the increase, if any, in total transaction accounts, savings deposits, and small time deposits of all depository institutions over the one-year period that ends on the June 30 prior to the adjustment. From June 30, 2011 to June 30, 2012, total transaction accounts, savings deposits, and small time deposits at all depository institutions increased 8.8 percent (from $8,174 billion to $8,890 billion). Accordingly, the Board is increasing the nonexempt deposit cutoff level by $19.0 million to $290.5 million for 2013 (from $271.5 million in 2012). The Board is also increasing the reduced reporting limit by $107 million to $1.628 billion in 2013 (from $1.521 billion for 2012). 2 2 Consistent with Board practice, the nonexempt deposit cutoff level has been rounded to the nearest $0.1 million, and the reduced reporting limit has been rounded to the nearest $1 million. Beginning in 2013, the boundaries of the four deposit reporting panels will be defined as follows. Those depository institutions with net transaction accounts over $12.4 million (the reserve requirement exemption amount) or with total transaction accounts, savings deposits, and small time deposits greater than or equal to $1.628 billion (the reduced reporting limit) are subject to detailed reporting, and must file a Report of Transaction Accounts, Other Deposits and Vault Cash (FR 2900 report) either weekly or quarterly. Of this group, those with total transaction accounts, savings deposits, and small time deposits greater than or equal to $290.5 million (the nonexempt deposit cutoff level) are required to file the FR 2900 report each week, while those with total transaction accounts, savings deposits, and small time deposits less than $290.5 million are required to file the FR 2900 report each quarter. Those depository institutions with net transaction accounts less than or equal to $12.4 million (the reserve requirement exemption amount) and with total transaction accounts, savings deposits, and small time deposits less than $1.628 billion (the reduced reporting limit) are eligible for reduced reporting, and must either file a deposit report annually or not at all. Of this group, those with total deposits greater than $12.4 million (but with total transaction accounts, savings deposits, and small time deposits less than $1.628 billion) are required to file the Annual Report of Deposits and Reservable Liabilities (FR 2910a) report annually, while those with total deposits less than or equal to $12.4 million are not required to file a deposit report. A depository institution that adjusts reported values on its FR 2910a report in order to qualify for reduced reporting will be shifted to an FR 2900 reporting panel. Notice and Regulatory Flexibility Act The provisions of 5 U.S.C. 553(b) relating to notice of proposed rulemaking have not been followed in connection with the adoption of these amendments. The amendments involve expected, ministerial adjustments prescribed by statute and by the Board's policy concerning reporting practices. The adjustments in the reserve requirement exemption amount, the low reserve tranche, the nonexempt deposit cutoff level, and the reduced reporting limit serve to reduce regulatory burdens on depository institutions. Accordingly, the Board finds good cause for determining, and so determines, that notice in accordance with 5 U.S.C. 553(b) is unnecessary. Consequently, the provisions of the Regulatory Flexibility Act, 5 U.S.C. 601, do not apply to these amendments. List of Subjects in 12 CFR Part 204 Banks, banking, Reporting and recordkeeping requirements. For the reasons set forth in the preamble, the Board is amending 12 CFR part 204 as follows: PART 204—RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS (REGULATION D) 1. The authority citation for part 204 continues to read as follows: Authority: 12 U.S.C. 248(a), 248(c), 371a, 461, 601, 611, and 3105. 2. Section 204.4(f) is revised to read as follows: 204.4 Computation of required reserves.
(f)For all depository institutions, Edge and Agreement corporations, and United States branches and agencies of foreign banks, required reserves are computed by applying the reserve requirement ratios below to net transaction accounts, nonpersonal time deposits, and Eurocurrency liabilities of the institution during the computation period. Reservable liability Reserve requirement NET TRANSACTION ACCOUNTS: $0 to reserve requirement exemption amount ($12.4 million) 0 percent of amount. Over reserve requirement exemption amount $12.4 million) and up to low reserve tranche ($79.5 million) 3 percent of amount. Over low reserve tranche ($79.5 million) $2,013,000 plus 10 percent of amount over $79.5 million. Nonpersonal time deposits 0 percent. Eurocurrency liabilities 0 percent. By order of the Board of Governors of the Federal Reserve System, acting through the Director of the Division of Monetary Affairs under delegated authority. Dated: October 24, 2012. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2012-26662 Filed 10-30-12; 8:45 am]
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