Extension of Comment Period for Proposed Revisions to Volcker Rule Restrictions on Proprietary Trading and Hedge Fund Interests

45860 Federal Register / Vol. 83, No. 176 / Tuesday, September 11, 2018 / Proposed Rules 1See 83 FR 33432, 33432–33 (July 17, 2018). • One of the operating speeds is 45% to 55% of the maximum operating speed; • One of the operating speeds is less than or equal to 40% of the maximum operating speed and greater than zero. And that must be distributed in commerce either: (1) With a variable speed drive and with a user interface that changes the speed in response to pre- programmed user preferences and allows the user to select the duration of each speed and/or the on/off times; (2) With a variable speed drive and without a user interface that changes the speed in response to pre-programmed user preferences and allows the user to select the duration of each speed and/or the on/off times, but is unable to operate without the presence of a user interface; or (3) Without a variable speed drive and with or without a user interface, but is unable to operate without the presence of a variable speed drive. And: (1) Any high speed override capability shall be for a temporary period not to exceed one 24-hour cycle without resetting to default settings or resuming normal operation according to pre- programmed user preferences; and (2) Any factory default setting for daily run time schedule may not include more hours at an operating speed above 55% of maximum operating speed than the hours at or below 55% of maximum operating speed; or if a motor is distributed in commerce without a default setting for daily run time schedule, the default operating speed after any priming cycle (if applicable) must be no greater than 55% of the maximum operating speed. DPPP motors with freeze protection controls For all dedicated-purpose pool pump motors distributed in commerce with freeze protection controls, the motor must be shipped with freeze protection disabled or with the following default, user- adjustable settings: (1) The default dry-bulb air temperature setting is no greater than 40 °F; (2) The default run time setting shall be no greater than 1 hour (before the temperature is rechecked); and (3) The default motor speed shall not be more than 1⁄2 of the maximum speed. Labeling If DOE is able to implement labeling requirements, the permanent nameplate must be marked clearly with the following information: (A) The dedicated-purpose pool pump motor total horsepower; and (B) Either: single-speed, two-speed, multi￾speed, or variable-speed control. Reporting Certification reporting requirements should include, but not be limited to,: (A) For dedicated-purpose pool pump motors distributed in commerce with freeze protection controls, a statement regarding whether freeze protection is shipped enabled or disabled, and for dedicated-purpose pool pump motors distributed in commerce with freeze protection controls enabled, the default dry-bulb air temperature setting (in °F), default run time setting (in minutes), and default motor speed (in rpm). Compliance date The compliance date should be July 19, 2021 to align with the compliance date of the DPPP standards. Verification of THP For purposes of verifying THP, DOE should use the DPPP test procedure at 10 CFR 431 Appendix C to Subpart Y. [FR Doc. 2018–19577 Filed 9–10–18; 8:45 am] BILLING CODE 6450–01–P DEPARTMENT OF TREASURY Office of the Comptroller of the Currency 12 CFR Part 44 [Docket No. OCC–2018–0010] RIN 1557–AE27 FEDERAL RESERVE SYSTEM 12 CFR Part 248 [Docket No. R–1608] RIN 7100–AF 06 FEDERAL DEPOSIT INSURANCE CORPORATION 12 CFR Part 351 RIN 3064–AE67 COMMODITY FUTURES TRADING COMMISSION 17 CFR Part 75 RIN 3038–AE72 SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 255 [Release no. BHCA–3; File no. S7–14–18] RIN 3235–AM10 Extension of Comment Period for Proposed Revisions to Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds AGENCY: Office of the Comptroller of the Currency, Treasury (OCC); Board of Governors of the Federal Reserve System (Board); Federal Deposit Insurance Corporation (FDIC); Securities and Exchange Commission (SEC); and Commodity Futures Trading Commission (CFTC) (collectively, the ‘‘Agencies’’). ACTION: Notice of proposed rulemaking; extension of comment period. SUMMARY: On July 17, 2018, the Agencies published in the Federal Register a notice of proposed rulemaking (proposal) that would amend the regulations implementing section 13 of the Bank Holding Company Act. Section 13 contains certain restrictions on the ability of a banking entity and nonbank financial company supervised by the Board to engage in proprietary trading and have certain interests in, or relationships with, a hedge fund or private equity fund. The proposed amendments are intended to provide banking entities with clarity about what activities are prohibited and to improve supervision and implementation of section 13. In response to requests from commenters regarding issues addressed in the proposal, the public comment period has been extended for 30 days until October 17, 2018. This action will allow interested persons additional time to analyze the proposal and prepare their comments. DATES: The comment period for the notice of proposed rulemaking published on July 17, 2018 (83 FR 33432), regarding proposed revisions to prohibitions and restrictions on proprietary trading and certain interests in, and relationships with, hedge funds and private equity funds, is extended from September 17, 2018, to October 17, 2018. ADDRESSES: You may submit comments by any of the methods identified in the proposal.1 Please submit your comments using only one method. FOR FURTHER INFORMATION CONTACT: OCC: Tabitha Edgens, Senior Attorney; Mark O’Horo, Attorney, Chief Counsel’s Office, (202) 649–5510; for persons who are deaf or hearing impaired, TTY, (202) 649–5597, Office of the Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219. Board: Kevin Tran, Supervisory Financial Analyst, (202) 452–2309, Amy Lorenc, Financial Analyst, (202) 452– 5293, David Lynch, Deputy Associate Director, (202) 452–2081, David McArthur, Senior Economist, (202) 452– 2985, Division of Supervision and Regulation; Flora Ahn, Senior Counsel, (202) 452–2317, Gregory Frischmann, Counsel, (202) 452–2803, or Kirin Walsh, Attorney, (202) 452–3058, Legal Division, Board of Governors of the Federal Reserve System, 20th and C Streets NW, Washington, DC 20551. For the hearing impaired only, VerDate Sep<11>2014 16:36 Sep 10, 2018 Jkt 244001 PO 00000 Frm 00010 Fmt 4702 Sfmt 4702 E:\FR\FM\11SEP1.SGM 11SEP1 daltland on DSKBBV9HB2PROD with PROPOSALS

Federal Register / Vol. 83, No. 176 / Tuesday, September 11, 2018 / Proposed Rules 45861 2 83 FR 33432–33605. 3 83 FR 33432–33605. 4See joint comment letter to the Agencies from Better Markets, Americans for Financial Reform, Public Citizen and the Center for American Progress (July 10, 2018); comment letter to the Agencies from U.S. Senators Sherrod Brown and Jeffrey A. Merkley (August 6, 2018); comment letter to the Agencies from the National Association of Federally-Insured Credit Unions (July 25, 2018). Telecommunication Device for the Deaf (TDD), (202) 263–4869. FDIC: Bobby R. Bean, Associate Director, bbean@fdic.gov, Michael Spencer, Chief, Capital Markets Strategies Section, michspencer@ fdic.gov, or Brian Cox, Capital Markets Policy Analyst, brcox@fdic.gov, Capital Markets Branch, (202) 898–6888; Michael B. Phillips, Counsel, mphillips@fdic.gov, Benjamin J. Klein, Counsel, bklein@fdic.gov, or Annmarie H. Boyd, Counsel, aboyd@fdic.gov, Legal Division, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. SEC: Andrew R. Bernstein (Senior Special Counsel), Sophia Colas (Attorney-Adviser), Sam Litz (Attorney￾Adviser), Aaron Washington (Special Counsel), Elizabeth Sandoe (Senior Special Counsel), Carol McGee (Assistant Director), or Josephine J. Tao (Assistant Director), at (202) 551–5777, Division of Trading and Markets, and Nicholas Cordell, Matthew Cook, Elizabeth Blase, Aaron Gilbride (Branch Chief), Brian McLaughlin Johnson (Assistant Director), and Sara Cortes (Assistant Director), at (202) 551–6787 or IArules@sec.gov, Division of Investment Management, U.S. Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549. CFTC: Erik Remmler, Deputy Director, (202) 418–7630, eremmler@cftc.gov; Cantrell Dumas, Special Counsel, (202) 418–5043, cdumas@cftc.gov; Jeffrey Hasterok, Data and Risk Analyst, (646) 746–9736, jhasterok@cftc.gov, Division of Swap Dealer and Intermediary Oversight; Mark Fajfar, Assistant General Counsel, (202) 418–6636, mfajfar@cftc.gov, Office of the General Counsel; Stephen Kane, Research Economist, (202) 418–5911, skane@ cftc.gov, Office of the Chief Economist; Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581. SUPPLEMENTARY INFORMATION: On July 17, 2018, the Agencies published in the Federal Register a notice of proposed rulemaking that would amend the regulations implementing section 13 of the Bank Holding Company Act.2 Section 13 contains certain restrictions on the ability of a banking entity and nonbank financial company supervised by the Board to engage in proprietary trading and have certain interests in, or relationships with, a hedge fund or private equity fund. The proposed amendments are intended to provide banking entities with clarity about what activities are prohibited and to improve supervision and implementation of section 13. The proposal stated that the public comment period would close on September 17, 2018.3 The Agencies have received requests from the public asking the Agencies to extend the comment period for the proposal.4 These requests suggested that an extension of the comment period would help commenters provide feedback on the proposed changes and detailed requests for comment in the proposal. This extension of the comment period will allow interested persons additional time to analyze the proposal and prepare their comments. Accordingly, the comment period for the proposal is extended from September 17, 2018, to October 17, 2018. Dated: August 31, 2018. Joseph M. Otting, Comptroller of the Currency. By order of the Board of Governors of the Federal Reserve System, acting through the Secretary of the Board under delegated authority, August 29, 2018. Ann E. Misback, Secretary of the Board. Dated at Washington, DC on August 28, 2018. Federal Deposit Insurance Corporation. Valerie Jean Best, Assistant Executive Secretary. By the Securities and Exchange Commission. Dated: September 4, 2018. Brent J. Fields, Secretary. Issued in Washington, DC, on August 30, 2018, by the Commodity Futures Trading Commission. Christopher J. Kirkpatrick, Secretary of the Commodity Futures Trading Commission. [FR Doc. 2018–19649 Filed 9–10–18; 8:45 am] BILLING CODE 6210–01–P; 4810–33–P; 6714–01–P; 8011–01–P; 6351–01–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration 14 CFR Part 71 [Docket No. FAA–2018–0741; Airspace Docket No. 18–ASO–13] RIN 2120–AA66 Proposed Amendment of Class D Airspace and Establishment of Class E Airspace; Tyndall AFB, FL AGENCY: Federal Aviation Administration (FAA), DOT. ACTION: Notice of proposed rulemaking (NPRM). SUMMARY: This action proposes to establish Class E surface airspace at Tyndall Air Force Base, (AFB), FL, for the safety of aircraft landing and departing the airport when the air traffic control tower is closed. Also, this action proposes to amend Class D airspace by updating the geographic coordinates of this airport, as well as replacing the outdated term ‘‘Airport/Facility Directory’’ with ‘‘Chart Supplement’’. Controlled airspace is necessary for the safety and management of instrument flight rules (IFR) operations at this airport. DATES: Comments must be received on or before October 26, 2018. ADDRESSES: Send comments on this rule to: U.S. Department of Transportation, Docket Operations, 1200 New Jersey Avenue SE, West Bldg. Ground Floor, Rm. W12–140, Washington, DC 20590; Telephone: 1–800–647–5527, or (202) 366–9826. You must identify the Docket No. FAA–2018–0741; Airspace Docket No. 18–ASO–13, at the beginning of your comments. You may also submit and review received comments through the internet at http:// www.regulations.gov. You may review the public docket containing the proposal, any comments received, and any final disposition in person in the Dockets Office between 9:00 a.m. and 5:00 p.m., Monday through Friday, except federal holidays. FAA Order 7400.11B, Airspace Designations and Reporting Points, and subsequent amendments can be viewed on line at http://www.faa.gov/air_ traffic/publications/. For further information, you can contact the Airspace Policy Group, Federal Aviation Administration, 800 Independence Avenue SW Washington, DC 20591; telephone: (202) 267–8783. The Order is also available for inspection at the National Archives and Records Administration (NARA). For information on the availability of FAA VerDate Sep<11>2014 16:36 Sep 10, 2018 Jkt 244001 PO 00000 Frm 00011 Fmt 4702 Sfmt 4702 E:\FR\FM\11SEP1.SGM 11SEP1 daltland on DSKBBV9HB2PROD with PROPOSALS