Community Reinvestment Act Regulations

DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

12 CFR Part 25

[Docket No. 93-19]

RIN 1557-AB32

Federal Reserve System

12 CFR Part 228

[Docket No. R-0822]

Federal Deposit Insurance Corporation

12 CFR Part 345

RIN 3064-AB27

Office of Thrift Supervision

12 CFR Part 563e

[Docket No. 93-234]

RIN 1550-AA69

Community Reinvestment Act Regulations

AGENCIES: Office of the Comptroller of the Currency, Treasury (OCC);

Board of Governors of the Federal Reserve System (Board); Federal

Deposit Insurance Corporation (FDIC); Office of Thrift Supervision,

Treasury (OTS).

ACTION: Joint notice of proposed rulemaking; extension of comment

period.

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SUMMARY: The Office of the Comptroller of the Currency, Board of

Governors of the Federal Reserve System, the Federal Deposit Insurance

Corporation, and the Office of Thrift Supervision (the Federal

financial supervisory agencies) are extending the comment period until

March 24, 1994, for their joint notice of proposed rulemaking regarding

their regulations concerning the Community Reinvestment Act (CRA)

published on December 21, 1993.

DATES: Comments must be received by March 24, 1994.

ADDRESSES: OCC: Comments should be directed to: Communications

Division, Office of the Comptroller of the Currency, 250 E Street, SW.,

Washington, DC 20219, Attention: Docket No. 93-19. Comments will be

available for public inspection and photocopying at the same location.

BOARD: Comments should be directed to: William W. Wiles, Secretary,

Board of Governors of the Federal Reserve System, Docket No. R-0822,

20th Street and Constitution Avenue, NW., Washington, DC 20551.

Comments addressed to Mr. Wiles may also be delivered to Room B-2222 of

the Eccles Building between 8:45 a.m. and 5:15 p.m. weekdays, or to the

guard station in the Eccles Building courtyard on 20th Street, NW.

(between Constitution Avenue and C Street) at any time. Comments may be

inspected in Room MP-500 of the Martin Building between 9 a.m. and 5

p.m. weekdays, except as provided in 12 CFR 261.8 of the Board's rules

regarding the availability of information.

FDIC: Comments should be directed to: Robert E. Feldman, Acting

Executive Secretary, FDIC, 550 17th Street, NW., Washington, DC 20429.

They may be hand delivered to room 402, 1776 F Street, NW., Washington,

DC between 8:30 a.m. and 4:30 p.m. on business days. They may be sent

by facsimile transmission to (202) 898-3838. Comments will be available

for public inspection at the FDIC Reading Room #7118 at 550 17th

Street, NW., Washington, DC between 9 a.m. and 4:30 p.m. on business

days.

OTS: Comments should be directed to: Director, Information Services

Division, Public Affairs, Office of Thrift Supervision, 1700 G Street,

NW., Washington, DC 20552, Attention: Docket No. 93-234. These

submissions may be hand delivered to 1700 G Street, NW. from 9 a.m. to

5 p.m. on business days; they may be sent by facsimile transmission to

FAX number (202) 906-7755. Submissions must be received by 5 p.m. on

the day they are due in order to be considered by the OTS. Late-filed,

misaddressed, or misidentified submissions will not be considered in

this rulemaking. Comments will be available for public inspection at

1700 G Street, NW., from 1 p.m. until 4 p.m. on business days. Visitors

will be escorted to and from the Public Reading Room at established

intervals.

FOR FURTHER INFORMATION CONTACT: OCC: Stephen M. Cross, Deputy

Comptroller for Compliance, (202) 874-5216; Matthew Roberts, Special

Counsel, Chief Counsel's Office, (202) 874-5200.

BOARD: Glenn E. Loney, Associate Director, Division of Consumer and

Community Affairs, (202) 452-3585; Scott G. Alvarez, Associate General

Counsel, Legal Division, (202) 452-3583; Leonard N. Chanin, Managing

Counsel, Division of Consumer and Community Affairs, (202) 452-3667.

FDIC: Bobbie Jean Norris, Deputy Director, Office of Consumer

Affairs, (202) 898-6760; Valerie Thomas, Review Examiner (Compliance),

Division of Supervision, (202) 898-7155; Ann Loikow, Counsel, (202)

898-3796; Sandy Comenetz, Counsel, (202) 898-3582, Regulation and

Legislation Section, Legal Division.

OTS: Timothy R. Burniston, Deputy Assistant Director for Policy,

(202) 906-5629; Theresa A. Stark, Program Analyst, Specialized

Programs, (202) 906-7054; Lewis A. Segall, Senior Attorney, Legal

Policy Division, Chief Counsel's Office, (202) 906-6648.

SUPPLEMENTARY INFORMATION: The joint notice of proposed rulemaking was

published in the Federal Register on December 21, 1993 (58 FR 67466),

and comments were to be received by February 22, 1994. The new deadline

for submission of comments is March 24, 1994.

The agencies believe that additional time for comment is warranted

due to the magnitude of the proposed changes, the complexity of the

issues, the level of interest in the subject, and delays posed by the

holiday season. The agencies are nonetheless pleased with the volume of

comment received to date and believe that further comment will

contribute measurably to improvements in the final rule. Therefore, the

agencies have determined that it is appropriate to extend the comment

period for an additional 30 days. This additional time should allow

commenters adequate time fully to analyze and to respond to the

proposal.

All interested persons are invited to submit comments during this

period.

Dated: January 25, 1994.

Eugene A. Ludwig,

Comptroller of the Currency.

By order of the Secretary of the Board, acting pursuant to

delegated authority for the Board of Governors of the Federal

Reserve System.

Dated: January 25, 1994.

William W. Wiles,

Secretary.

By order of the Board of Directors.

Dated at Washington, DC, this 27th day of January, 1994.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Acting Executive Secretary.

Dated: January 25, 1994.

By the Office of Thrift Supervision.

Jonathan L. Fiechter,

Acting Director.

[FR Doc. 94-2371 Filed 2-2-94; 8:45 am]

BILLING CODE 4810-33-P, 6210-01-P, 6714-01-P, 6720-01-P