Regulatory Review

DEPARTMENT OF THE TREASURY

Office of Thrift Supervision

12 CFR Parts 500, 504, 510, 515, 529, 533, 543, 545, 552, 556, 562,

563, 563d, 563g, 571, 583, and 584

[No. 95-201]

RIN 1550-AA85

Regulatory Review

AGENCY: Office of Thrift Supervision, Treasury.

ACTION: Final rule.

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SUMMARY: The Office of Thrift Supervision (OTS or Office) is today

issuing a final rule eliminating duplicative, unduly burdensome, and

unnecessary regulations. These amendments result from a review of OTS

regulations pursuant to section 303(a) of the Community Development and

Regulatory Improvement Act of 1994 (CDRIA) and the Regulatory

Reinvention Initiative of the Vice President's National Performance

Review.

EFFECTIVE DATE: December 27, 1995.

FOR FURTHER INFORMATION CONTACT: Francis E. Raue, Policy Analyst,

Supervision Policy, (202) 906-5750; or Valerie J. Lithotomos, Counsel

(Banking and Finance), Regulations and Legislation Division, Chief

Counsel's Office, (202) 906-6439, Office of Thrift Supervision, 1700 G

Street NW., Washington, D.C. 20552.

SUPPLEMENTARY INFORMATION:

I. Background

The OTS conducted a comprehensive review of its regulations in the

spring of 1995 pursuant to section 303 of CDRIA and the

Administration's Reinvention Initiative. Staff in both the Washington

and Regional Offices reviewed the regulations and policy statements

contained in Chapter V of Title 12 of the Code of Federal Regulations

(CFR) to: ``streamline and modify those regulations and policies in

order to improve efficiency, reduce unnecessary costs, * * * eliminate

unwarranted constraints on credit availability [and] remove

inconsistencies and outmoded and duplicative requirements.'' 1 The

OTS sought industry input through town meetings and industry roundtable

meetings held by the Acting Director and Regional Directors.

\1\ Section 303 of CDRIA, 12 U.S.C. 4803(a)(1)(A), (B).

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As a result of this effort, the OTS identified a number of ways in

which its regulations could be improved and, on August 28, 1995, issued

a notice of proposed rulemaking.2 The preamble to the proposed

rulemaking described a multi-step process that the agency intends to

follow to implement the results of its regulatory review.

\2\ See 60 FR 44442 (August 28, 1995).

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The first step in that process is to eliminate regulations that are

clearly outdated, duplicative, or otherwise unnecessary. Today's final

rule draws this first step to a close.

The second step is to conduct focused, intensive reviews of key

areas of OTS's regulations in an effort to find additional ways to

streamline and reduce burden. This effort is already underway. Over the

next several months, OTS expects to issue proposals that will reduce

the burden imposed by its regulations governing lending, subsidiaries,

corporate governance, and preemption.

A third step in the review process is to determine whether the

OTS's regulations should be reorganized to make them more user-

friendly. In the August 28 preamble, the agency posed five questions

regarding the overall structure and content of its regulations.3

The OTS appreciates the comments received in response to these

questions and will take them into consideration in future rulemakings

that specifically address the organizational issues raised by the

comments.

\3\ The specific questions in the preamble were:

1. Should OTS consolidate common definitions of general

applicability now in parts 541, 561, 563, and 583 in a new part 501?

2. Should OTS consolidate the remaining safety and soundness

regulations in part 545 into part 563?

3. Should OTS delete regulations that only repeat statutory

authority or list an implied power?

4. Should policy statements in parts 556 and 571 be deleted and

either recast as regulations or placed as guidance in the

appropriate regulatory handbook?

5. What is the best method of communicating different types of

information, guidance, policies, restrictions, and requirements?

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II. Summary of Comments

The August 28, 1995, notice of proposed rulemaking targeted

approximately eight percent of OTS's regulations for immediate repeal.

The public comment period on the August 28 proposal closed on October

27, 1995. Two federal savings banks, one savings and loan holding

company, and one national trade association submitted comments. In

addition to its comment letter, the national trade association,

America's Community Bankers (ACB), included the results of a survey

which ACB sent to a number of OTS-supervised institutions.4

\4\ ACB is a trade association representing 2,000 savings

associations and community financial institutions and related

business firms. ACB's survey was sent to 94 OTS-supervised

institutions; 43 institutions completed the survey. As reported by

ACB, 86 percent of the respondents deem simplification of OTS rules

to be worth the time and attention of the OTS and the industry.

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Generally all of the commenters supported the OTS initiative to

streamline and eliminate unnecessary and burdensome rules in the

proposal. They indicated that the deletions and modifications, with a

few exceptions, would be helpful.

However, one commenter recommended that paragraphs (a) and (c) of

Sec. 545.15 not be deleted. Paragraph (a) provides generally that a

Federal savings association shall require at least seven days advance

notice of withdrawals from savings accounts that do not have fixed or

minimum terms of at least seven days. The commenter asked that this

paragraph be retained because it believes that the elimination of the

seven-day withdrawal notice on savings accounts may conflict with

[[Page 66867]]

section 5(b)(1)(C) of the Home Owners' Loan Act (HOLA).5 We

disagree. Section 5(b)(1)(C) of the HOLA provides that a ``Federal

savings association may require not less than 14 days notice * * * if

the charter of the savings association or the regulations of the

Director so provide.'' By its terms, this statutory provision applies

only to withdrawal notice requirements that equal or exceed 14 days.

The provision does not affect the ability of savings associations to

impose notice requirements of shorter duration.

\5\ 12 U.S.C. 1464(b)(1)(C).

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Moreover, the seven-day notice requirement that currently appears

in OTS's regulations is unrelated to, and does not implement, section

5(b)(1)(C) of the HOLA. Section 545.15(a) was meant to mirror the

requirements under the Federal Reserve Board's Regulation D for savings

accounts.6 Regulation D defines a savings deposit for reserve

purposes as a deposit or account where a depository institution may

require at least seven days advance notice of withdrawal.7 The OTS

is removing section 545.15(a) because it is duplicative of Regulation

D. Savings associations will, of course, still be required to comply

with Regulation D.

\6\ See 12 CFR Part 204.

\7\ 12 CFR 204.2(d)(1).

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Because section 545.15(a) does not implement HOLA section

5(b)(1)(C), its removal will not adversely affect the ability of

savings associations to impose notice requirements of 14 days or more.

Associations that wish to do so may continue, as under current law, to

include an authorizing provision in their charters and appropriate

terms in their savings account contracts.

The same commenter requested that OTS retain paragraph (c) of

section 545.15. That paragraph states that, when computing earnings due

on deposit accounts at the end of a business period, a Federal savings

association may elect to disregard amounts withdrawn from accounts in

the last three days of any business period--thereby effectively paying

depositors slightly more interest than they might be entitled to under

the terms of their deposit contracts. The commenter stated that the

three-day grace period should be retained because it may have

operational significance for small institutions without adequate

technology to make computations on all of their accounts on one day at

the end of the period. Removal of paragraph (c) will not adversely

affect the flexibility of savings associations in computing interest on

their deposit accounts. Institutions that wish to compute interest

without reference to withdrawals made during the last three days of a

business period may continue to do so. A regulation is not needed to

authorize this practice.

The same commenter asked that section 556.15 be retained because it

delineates the specific services that may and may not be performed at

drive-in and pedestrian facilities. Under Sec. 545.92(g), Federal

savings associations are authorized to establish such facilities

without prior OTS approval, subject to certain restrictions. The

services provided at such facilities are limited to those ``ordinary

functions'' provided at teller windows at branch offices. Section

556.15 defines what constitutes services ``ordinarily'' provided at

teller windows. This definition is outdated and unduly restrictive.

Elimination of Sec. 556.15 will allow more flexibility in defining the

scope of services that can be offered from drive-in and pedestrian

facilities.

One commenter stated that it would prefer that Sec. 545.31(a)

(Election regarding classification of loans or investments) not be

removed unless it would be included in its entirety in the regulatory

handbook. The OTS notes that the proposal did not suggest the deletion

of that section and that it is not anticipated that OTS's regulatory

review of its lending regulations will propose deleting that section.

One commenter requested that the OTS review the documentation and

recordkeeping requirements in Secs. 563.41 (Loans and other

transactions with affiliates and subsidiaries) and 563.42 (Additional

standards applicable to transactions with affiliates and subsidiaries)

because they are too cumbersome. The commenter also requested that

certain clarifications be made to these regulations. On the same

subject, another commenter requested that the term ``affiliated

person'' in the OTS's regulations be replaced by the term ``insider''

as defined in the regulations of the other Federal banking agencies.

The OTS will address these comments in a subsequent notice of proposed

rulemaking, during the phase of regulatory review dealing with OTS's

regulations on subsidiaries and related entities.

Finally, one commenter suggested that the OTS consider reviewing

its manufactured home financing regulation at section 545.45 so that

savings associations may more fairly compete with other lenders in the

market. The OTS will address this comment in the phase of regulatory

review addressing the OTS's lending regulations.

III. Description of Final Rule

The final rule issued today implements all of the proposed

revisions and modifications contained in the August 28, 1995 proposal,

except for the proposed revision to Sec. 567.1's definition of an OECD-

based country, which will be addressed in a later final rule.

The following parts and sections are being removed:

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Part or section No. Title

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Part 504............................. National security information.

Sec. 510.1.......................... Ex parte communications.

Sec. 510.3.......................... Coordination of subchapters.

Part 515............................. Use of penalty mail in the

location and recovery of missing

children.

Part 529............................. Nondiscrimination in federally

assisted programs.

Part 533............................. Electronic funds transfers.

Sec. 543.12......................... Bank Insurance Fund-insured

Federal savings banks.

Sec. 543.13......................... Notice to FDIC.

Sec. 545.15......................... Withdrawal requests.

Sec. 545.18......................... Issuance of mutual capital

certificates.

Sec. 545.19......................... Issuance of net worth

certificates.

Sec. 545.20......................... Borrowing, issuing obligations

and giving security.

Sec. 545.44......................... Mortgage transactions with the

Federal Home Loan Mortgage

Corporation.

Sec. 545.122........................ Employment contracts.

Sec. 545.136........................ Financial futures transactions.

Sec. 545.137........................ Financial options transactions.

Sec. 552.2-4........................ Limitation on transaction of

business.

Sec. 556.4.......................... Insurance.

Sec. 556.6.......................... Savings accounts.

Sec. 556.8.......................... Suretyship.

Sec. 556.9.......................... Imposition of late charges and

due on sale clauses.

Sec. 556.11......................... Prepayment penalty on mortgage

loans.

Sec. 556.14......................... Chief executive officer of a

branch office.

Sec. 556.15......................... Drive-in and pedestrian

facilities.

Sec. 562.3.......................... Statements of Condition.

Sec. 563.8.......................... Negotiable order of withdrawal

accounts authorized.

Sec. 563.49......................... Membership in a Federal Home Loan

Bank.

Sec. 563.72......................... Form, return, and maturity of

securities.

Sec. 563d.200-30.................... Delegation of authority to the

Chief Counsel.

Sec. 563g.22........................ Delegation of authority to the

Chief Counsel.

Sec. 584.3.......................... Transactions with affiliates.

Sec. 584.6.......................... Penalty for loss of QTL status.

Sec. 584.11......................... Hearings.

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[[Page 66868]]

The OTS is also amending the following parts or sections to remove

unnecessary burdens, as proposed.

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Part or section No. Description of amendment

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Part 500............................. Simplification of organizational

structure.\1\

Sec. 563.41(b)(11).................. Addition of definition of

``unimpaired capital and

unimpaired surplus'' for

purposes of transactions with

affiliates limitations.

Sec. 563.41(d)(1)................... Removal of expired limitation on

sister bank provision for

transactions with affiliates.

Sec. 563.42(d)(1)................... Removal of expired limitation on

sister bank provision for

transactions with affiliates.

Sec. 563.43(f)...................... Addition of definition of

``unimpaired capital and

unimpaired surplus'' for

purposes of loans to insiders

limitations.

Sec. 563g.5......................... Reduction in the number of copies

required for securities filings.

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\1\ OTS's current organizational structure will be reflected in a notice

to be published in the Federal Register at a later date.

The preamble to the August 28 proposal contains a full section-by-

section discussion of the reasons why these sections are being amended

or removed. Today's final rule also adopts the proposed modifications

to cross-references in other OTS regulations to conform to the changes

being made today.

IV. Administrative Procedure Act

Section 553(d)\8\ of the APA permits the waiver of its 30-day

delayed effective date requirement for good cause, or where a rule

relieves a restriction. Also, Section 302 of the CDRIA\9\ requires that

a federal banking agency regulation that imposes new requirements take

effect on the first day of the quarter following publication of the

final rule. That section provides, however, that an agency may

determine that the rule should take effect earlier upon a finding of

good cause.

\8\ 5 U.S.C. 553(d).

\9\ 12 U.S.C. 4802.

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The OTS believes that the final rule will relieve regulatory burden

by eliminating obsolete, redundant and unnecessary requirements. The

final rule eliminates inefficient and unduly costly regulatory

requirements and better focuses thrifts on the substantive and relevant

requirements. For these reasons, the OTS believes there is good cause

pursuant to both the APA and CDRIA section 302 provisions to make the

final rule effective immediately upon publication in the Federal

Register.

V. Executive Order 12866

The Director of the OTS has determined that this final rule does

not constitute a ``significant regulatory action'' for the purposes of

Executive Order 12866.

VI. Regulatory Flexibility Act Analysis

Pursuant to section 605(b) of the Regulatory Flexibility Act, the

OTS certifies that this final rule will not have a significant economic

impact on a substantial number of small entities. The final rule does

not impose any additional burdens or requirements upon small entities

and lowers several paperwork and other burdens on all savings

associations.

VII. Unfunded Mandates Reform Act of 1995

The OTS has determined that the requirements of this final rule

will not result in expenditures by State, local, and tribal

governments, or by the private sector, of more than $100 million in any

one year. Accordingly, a budgetary impact statement is not required

under section 202 of the Unfunded Mandates Reform Act of 1995.

List of Subjects

12 CFR Part 500

Organization and functions (Government agencies).

12 CFR Part 504

Classified information.

12 CFR Part 510

Administrative practice and procedure.

12 CFR Part 515

Infants and children, Postal service.

12 CFR Part 529

Administrative practice and procedure, Civil rights.

12 CFR Part 533

Consumer protection, Electronic funds transfers, Savings

associations.

12 CFR Part 543

Reporting and recordkeeping requirements, Savings associations.

12 CFR Part 545

Accounting, Consumer protection, Credit, Electronic funds

transfers, Investments, Manufactured homes, Mortgages, Reporting and

recordkeeping requirements, Savings associations.

12 CFR Part 552

Reporting and recordkeeping requirements, Savings associations,

Securities.

12 CFR Part 556

Savings associations.

12 CFR Part 562

Accounting, Reporting and recordkeeping requirements, Savings

associations.

12 CFR Part 563

Accounting, Advertising, Crime, Currency, Flood insurance,

Investments, Mortgages, Reporting and recordkeeping requirements,

Savings associations, Securities, Surety bonds.

12 CFR Part 563d

Authority delegations (Government agencies), Reporting and

recordkeeping requirements, Savings associations, Securities.

12 CFR Parts 563g

Reporting and recordkeeping requirements, Savings associations,

Securities.

12 CFR Part 571

Accounting, Conflicts of interest, Investments, Reporting and

recordkeeping requirements, Savings associations.

12 CFR Part 583

Holding companies, Savings associations.

12 CFR Part 584

Administrative practice and procedure, Holding companies, Reporting

and recordkeeping requirements, Savings associations, Securities.

Accordingly, and under the authority of 12 U.S.C. 1462a, the Office

of Thrift Supervision amends chapter V, title 12, Code of Federal

Regulations, as set forth below.

PART 500--ORGANIZATION AND CHANNELLING OF FUNCTIONS

1. The authority citation for part 500 continues to read as

follows:

Authority: 12 U.S.C. 1462a, 1463, 1464.

Sec. 500.1 [Amended]

Secs. 500.3--500.5 [Removed]

2. The existing text of Sec. 500.1 is designated as paragraph (a),

the existing texts of Secs. 500.3, 500.4, and 500.5 are redesignated as

paragraphs (b), (c) and (d), respectively, of Sec. 500.1, and

Secs. 500.3, 500.4, and 500.5 are removed.

[[Page 66869]]

3. Section 500.10 is amended by adding two new sentences at the end

of the section to read as follows:

Sec. 500.10 The OTS or The Office.

* * * The Director directs and carries out the mission of the OTS

with the assistance of offices reporting directly to him. One of these

offices oversees the direct examination and supervision of savings

associations by regulatory staff to ensure the safety and soundness of

the industry.

Secs. 500.11-500.17 [Removed]

4. Sections 500.11 through 500.17 are removed.

PART 504--[REMOVED]

5. Part 504 is removed.

PART 510--MISCELLANEOUS ORGANIZATIONAL REGULATIONS

6. The authority citation for part 510 continues to read as

follows:

Authority: 5 U.S.C. 301; 12 U.S.C. 1462a, 1463, 1464.

Sec. 510.1 [Removed]

7. Section 510.1 is removed.

Sec. 510.3 [Removed]

8. Section 510.3 is removed.

PART 515--[REMOVED]

9. Part 515 is removed.

PART 529--[REMOVED]

10. Part 529 is removed.

PART 533--[REMOVED]

11. Part 533 is removed.

PART 543--INCORPORATION, ORGANIZATION, AND CONVERSION OF FEDERAL

MUTUAL ASSOCIATIONS

12. The authority citation for part 543 continues to read as

follows:

Authority: 12 U.S.C. 1462, 1462a, 1463, 1464, 1467a, 2901 et

seq.

Secs. 543.12-543.13 [Removed]

13. Sections 543.12 and 543.13 are removed.

PART 545--OPERATIONS

14. The authority citation for part 545 continues to read as

follows:

Authority: 12 U.S.C. 1462a, 1463, 1464, 1828.

Secs. 545.15, 545.18-545.20, 545.44, 545.122, 545.136-

545.137 [Removed]

15. Sections 545.15, 545.18 through 545.20, 545.44, 545.122,

545.136 and 545.137 are removed.

PART 552--INCORPORATION, ORGANIZATION, AND CONVERSION OF FEDERAL

STOCK ASSOCIATIONS

16. The authority citation for part 552 continues to read as

follows:

Authority: 12 U.S.C. 1462, 1462a, 1463, 1464, 1467a.

Sec. 552.2-4 [Removed]

17. Section 552.2-4 is removed.

Sec. 552.6-2 [Amended]

18. Section 552.6-2 is amended by removing the phrase

``Sec. 545.122 of this chapter'' in paragraph (b), and by adding in

lieu thereof the phrase ``Sec. 563.39 of this chapter''.

PART 556--STATEMENTS OF POLICY

19. The authority citation for part 556 continues to read as

follows:

Authority: 5 U.S.C. 552, 559; 12 U.S.C. 1464, 1701j-3; 15 U.S.C.

1693-1693r.

Secs. 556.4, 556.6, 556.8-556.9, 556.11, 556.14-556.15 [Removed]

20. Sections 556.4, 556.6, 556.8 through 556.9, 556.11, and 556.14

through 556.15 are removed.

PART 562--REGULATORY REPORTING STANDARDS

21. The authority citation for part 562 continues to read as

follows:

Authority: 12 U.S.C. 1463.

Sec. 562.3 [Removed]

22. Section 562.3 is removed.

PART 563--OPERATIONS

23. The authority citation for part 563 continues to read as

follows:

Authority: 12 U.S.C. 375b, 1462, 1462a, 1463, 1464, 1467a, 1468,

1817, 1828, 3806; 42 U.S.C. 4106.

Secs. 563.8, 563.49, 563.72 [Removed]

24. Sections 563.8, 563.49 and 563.72 are removed.

25. Section 563.41 is amended by removing the period at the end of

paragraph (b)(10)(iv) and adding a semicolon in its place, by adding

paragraph (b)(11), by removing paragraph (d)(1), by redesignating

paragraphs (d)(2) through (d)(7) as paragraphs (d)(1) through (d)(6),

respectively, and by removing the phrase ``After January 1, 1995, any''

in the introductory text of newly designated paragraph (d)(1) and

adding the word ``Any'' in its place, to read as follows:

Sec. 563.41 Loans and other transactions with affiliates and

subsidiaries.

* * * * *

(b) * * *

(11) The term capital stock and surplus of the savings association

means ``unimpaired capital and unimpaired surplus'' as defined at

Sec. 563.93(b)(11) of this part.

* * * * *

Sec. 563.42 [Amended]

26. Section 563.42 is amended, in paragraph (d)(1), by removing the

phrase ``Sec. 563.41, any bank, any savings association in a structure

qualifying under Sec. 563.41(d)(1) of this part or, after January 1,

1995,'', and by adding in lieu thereof the phrase ``Sec. 563.41 of this

part, any bank, or''.

Sec. 563.45 [Amended]

27. Section 563.43 is amended by adding paragraph (f) to read as

follows:

Sec. 563.43 Loans by savings associations to their executive officers,

directors and principal shareholders.

* * * * *

(f) References to the term ``unimpaired capital and unimpaired

surplus'' shall be deemed to refer to ``unimpaired capital and

unimpaired surplus'' as defined at Sec. 563.93(b)(11) of this part.

Sec. 563.52 [Amended]

28. Section 563.52 is amended by removing the phrase ``Sec. 584.6

of this chapter'' in paragraph (b), and by adding in lieu thereof the

phrase ``12 U.S.C. 1467a(m)''.

PART 563d--SECURITIES OF SAVINGS ASSOCIATIONS

29. The authority citation for part 563d continues to read as

follows:

Authority: 12 U.S.C. 1462a, 1463, 1464; 15 U.S.C. 78c(b), 78l,

78m, 78n, 78w, 78d-1.

Sec. 563d.200-30 [Removed]

30. Section 563d.200-30 is removed.

PART 563g--SECURITIES OFFERINGS

31. The authority citation for part 563g continues to read as

follows:

Authority: 12 U.S.C. 1462a, 1463, 1464; 15 U.S.C. 78c(b), 78l,

78m, 78n, 78p, 78w.

32. Section 563g.5 is amended by revising paragraphs (b)(1) and

(b)(2) to read as follows:

Sec. 563g.5 Filing and signature requirements.

* * * * *

(b) Number of copies. (1) Unless otherwise required, any filing

under this part shall include nine copies of the document to be filed

with the OTS, as follows:

(i) Seven copies, which shall include one manually signed copy with

exhibits,

[[Page 66870]]

three conformed copies with exhibits, and three conformed copies

without exhibits, to the Dissemination Branch, Records Management and

Information Policy; and

(ii) Two copies, which shall include one manually signed copy with

exhibits and one conformed copy, without exhibits, to the Regional

Director.

(2) Within five days after the effective date of an offering

circular or the commencement of a public offering after the effective

date, whichever occurs later, nine copies of the offering circular used

shall be filed with the OTS, as follows: seven copies to the

Dissemination Branch, Records Management and Information Policy, and

two copies to the Regional Director.

* * * * *

Sec. 563g.22 [Removed]

33. Section 563g.22 is removed.

PART 571--STATEMENTS OF POLICY

34. The authority citation for part 571 continues to read as

follows:

Authority: 5 U.S.C. 552, 559; 12 U.S.C. 1462a, 1463, 1464.

Sec. 571.24 [Amended]

35. Section 571.24 is amended by removing the phrase ``parts 528

and 529'' in paragraph (a), and by adding in lieu thereof the phrase

``part 528''.

PART 583--DEFINITIONS

36. The authority citation for part 583 is revised to read as

follows:

Authority: 12 U.S.C. 1462, 1462a, 1463, 1464, 1467a, 1468.

Sec. 583.17 [Amended]

37. Section 583.17 is amended by removing the phrase ``Sec. 584.6

of this chapter'', and by adding in lieu thereof the phrase ``12 U.S.C.

1467a(m)''.

PART 584--REGULATED ACTIVITIES

38. The authority citation for part 584 continues to read as

follows:

Authority: 12 U.S.C. 1462, 1462a, 1463, 1464, 1467a, 1468.

Sec. 584.2a [Amended]

39. Section 584.2a is amended by removing the phrase ``Sec. 584.6

of this chapter'' in paragraph (a)(2), and by adding in lieu thereof

the phrase ``12 U.S.C. 1467a(m)''.

Sec. 584.2-1 [Amended]

40. Section 584.2-1 is amended by removing the phrase ``Sec. 584.3

of this part'' where it appears in paragraphs (b)(2) and (b)(3)

introductory text, and by adding in lieu thereof the phrase ``12 U.S.C.

1468''.

Secs. 584.3, 584.6, 584.11 [Removed]

41. Sections 584.3, 584.6 and 584.11 are removed.

Dated: December 8, 1995.

By the Office of Thrift Supervision.

Jonathan L. Fiechter,

Acting Director.

[FR Doc. 95-31121 Filed 12-26-95; 8:45 am]

BILLING CODE 6720-01-P