💼Proposed Modifications to Enhanced Supplementary Leverage Ratio Standards
The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), and Federal Deposit Insurance Corporation (FDIC) are inviting public comment on a notice of proposed rulemaking (proposal) to modify the enhanced supplementary leverage ratio standards applicable to U.S. bank holding companies identified as global systemically important bank holding companies (GSIBs) and their depository institution subsidiaries. Specifically, the proposal would modify the enhanced supplementary leverage ratio buffer standard applicable to GSIBs to equal 50 percent of the bank holding company's method 1 surcharge as determined by the Board's GSIB risk-based capital surcharge framework. The proposal would also modify the enhanced supplementary leverage ratio standard for depository institution subsidiaries of GSIBs to have the same form and calibration as the GSIB parent level standard. The proposed modifications would help ensure that the enhanced supplementary leverage ratio standards serve as a backstop to risk-based capital requirements rather than as a constraint that is frequently binding over time and through most points in the economic and credit cycle, thus reducing potential disincentives for GSIBs and their depository institution subsidiaries to participate in low-risk, low-return businesses. The Board is also proposing to amend its total loss-absorbing capacity and long-term debt requirements to maintain alignment between these requirements and the enhanced supplementary leverage ratio standards. The OCC is proposing to revise the methodology it uses to identify which national banks and Federal savings associations are subject to the enhanced supplementary leverage ratio standards to better align with the agencies' regulatory tailoring framework for large banking organizations and ensure that the standards apply only to those national banks and Federal savings associations that are subsidiaries of a GSIB. The Board is also proposing to make conforming amendments to relevant regulatory reporting forms. The Board and FDIC are also proposing to make certain technical corrections to the capital rule.
Learn More🏺Notice of Intended Repatriation
In accordance with the Native American Graves Protection and Repatriation Act (NAGPRA), the Center for Archaeology and Society Repository (acting in place of the Arizona State University School of Human Evolution and Social Change) intends to repatriate certain cultural items that meet the definition of unassociated funerary objects, sacred objects, and/or objects of cultural patrimony and that have a cultural affiliation with the Indian Tribes or Native Hawaiian organizations in this notice.
Learn More🏥60-Day Public Comment Request for Federal Assistance Collection
In compliance with the requirement of the Paperwork Reduction Act of 1995, the Office of the Secretary (OS), Department of Health and Human Services, is publishing the following summary of a proposed collection for public comment.
Learn More🏺Notice of Inventory Completion for Repatriation by UAB
In accordance with the Native American Graves Protection and Repatriation Act (NAGPRA), the University of Alabama at Birmingham has completed an inventory of human remains and associated funerary objects and has determined that there is a cultural affiliation between the human remains and associated funerary objects and Indian Tribes or Native Hawaiian organizations in this notice.
Learn More⚛️NRC Considers Exemptions for Nuclear Decommissioning Funds
The U.S. Nuclear Regulatory Commission (NRC) is considering issuance of exemptions in response to the November 13, 2024, request from Entergy Operations, Inc. (the licensee) related to Arkansas Nuclear One (ANO), Units 1 and 2, located in Pope County, Arkansas. The exemptions would allow the licensee to withdraw a small portion of the funds from the ANO, Units 1 and 2, nuclear decommissioning trust funds (DTFs) to facilitate the prompt disposal of certain retired major radioactive components (MRCs). The NRC staff is issuing an environmental assessment (EA) and finding of no significant impact (FONSI) associated with the proposed exemptions.
Learn More📋NCUA Regulatory Review
As contemplated by the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA), the NCUA Board (Board) is voluntarily reviewing agency regulations to identify rules that are outdated, unnecessary, or unduly burdensome on federally insured credit unions. The NCUA is not statutorily required to undertake the EGRPRA review; however, the Board has elected to participate in the decennial review process. The NCUA divided its regulations into 10 categories outlined in the included chart. Over approximately 2 years, the NCUA is publishing four Federal Register documents each requesting comment on multiple categories of regulations. This second Federal Register document requests comment on regulations in the categories of "Agency Programs," "Capital," and "Consumer Protection." The NCUA will address the remaining five categories in the next two documents.
Learn More⚠️FEMA Review of Michigan Radiological Emergency Preparedness Plan
The Federal Emergency Management Agency (FEMA) is announcing the receipt of an application from the State of Michigan for the review and approval of the State's radiological emergency plan. For continued operation of nuclear power plants, the Nuclear Regulatory Commission requires approved licensee and State and local governments' radiological emergency response plans. Since FEMA has a responsibility for reviewing the State and local government off-site radiological emergency response plans, the State of Michigan has submitted its radiological emergency response plan to the FEMA Region 5 office. The State's application also included the radiological emergency response plans for Allegan, Berrien and Van Buren counties. These plans support Holtec International's Palisades Nuclear Generating Station located in Van Buren County, Michigan.
Learn More📊NIH Regulatory Notice
In compliance with the requirement of the Paperwork Reduction Act of 1995 to provide opportunity for public comment on proposed data collection projects, the National Institutes of Health, Office of Policy and Extramural Research Administration (OPERA), Office of Extramural Research (OER) will publish periodic summaries of proposed projects to be submitted to the Office of Management and Budget (OMB) for review and approval.
Learn More🛢️AmSpec LLC Accredited as Commercial Gauger and Laboratory
Notice is hereby given, pursuant to CBP regulations, that AmSpec LLC (Everett, MA), has been approved to gauge petroleum and certain petroleum products and accredited to test petroleum and certain petroleum products for customs purposes for the next three years as of August 29, 2024.
Learn More🏛️Notice of Meeting for Advisory Committee on Tribal and Indian Affairs
The Department of Veterans Affairs has announced a public meeting for the Advisory Committee on Tribal and Indian Affairs, focusing on topics relevant to Indian tribes and Native American Veterans. The agenda includes presentations from various veteran health and service organizations, as well as public comment opportunities.
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