Federal Deposit
Insurance Corporation

March 14, 2006 (Volume 71, Number 49)]
[Notices]
[Page 13215-13217]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr14mr06-136]

=======================================================================

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
[Docket No. 06-01]

FEDERAL RESERVE SYSTEM
[Docket No. OP-1248]

FEDERAL DEPOSIT INSURANCE CORPORATION

DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
[No. 2006-01]

Concentrations in Commercial Real Estate Lending, Sound Risk
Management Practices; Extension of Comment Period

AGENCIES: Office of the Comptroller of the Currency, Treasury (OCC);
Board of Governors of the Federal Reserve System (Board); Federal
Deposit Insurance Corporation (FDIC); and Office of Thrift Supervision,
Treasury (OTS).

ACTION: Proposed guidance; extension of comment period.

-----------------------------------------------------------------------

SUMMARY: On January 13, 2006, the OCC, Board, FDIC, and OTS (the
Agencies) published for public comment proposed Interagency Guidance on
Concentrations in Commercial Real Estate Lending, Sound Risk Management
Practices. The Agencies are extending the comment period on the
proposed guidance for 30 days.

DATES: Comments must be submitted on or before April 13, 2006.

ADDRESSES: The Agencies will jointly review all of the comments
submitted. Therefore, interested parties may send comments to any of
the Agencies and need not send comments (or copies) to all of the
Agencies. Please consider submitting your comments by e-mail or fax
since paper mail in the Washington area and at the Agencies is subject
to delay. Interested parties are invited to submit comments to:
OCC: You should include ``OCC'' and Docket Number 06-01 in your
comment. You may submit your comment by any of the following methods:

[[Page 13216]]

Federal eRulemaking Portal: http://www.regulations.gov
Follow the instructions for submitting comments.
OCC Web Site: http://www.occ.treas.gov. Click on ``Contact
the OCC,'' scroll down and click on ``Comments on Proposed
Regulations.''
E-Mail Address: regs.comments@occ.treas.gov.

Fax: (202) 874-4448.
Mail: Office of the Comptroller of the Currency, 250 E
Street, SW., Mail Stop 1-5, Washington, DC 20219.
Hand Delivery/Courier: 250 E Street, SW., Attn: Public
Information Room, Mail Stop 1-5, Washington, DC 20219.
Instructions: All submissions received must include the agency name
(OCC) and docket number for this notice. In general, the OCC will enter
all comments received into the docket without change, including any
business or personal information that you provide.
You may review comments and other related materials by any of the
following methods:
Viewing Comments Personally: You may personally inspect
and photocopy comments at the OCC's Public Information Room, 250 E
Street, SW., Washington, DC. You can make an appointment to inspect
comments by calling (202) 874-5043.
Viewing Comments Electronically: You may request that we
send you an electronic copy of comments via e-mail or mail you a CD-ROM
containing electronic copies by contacting the OCC at
regs.comments@occ.treas.gov.
Docket Information: You may also request available
background documents and project summaries using the methods described
above.
Board: You may submit comments, identified by Docket No. OP-1248,
by any of the following methods:
Agency Web site: http://www.federalreserve.gov
Follow the instructions for submitting comments at http://www.federalreserve.gov/.

Federal eRulemaking Portal: http://www.regulations.gov.

Follow the instructions for submitting comments.
E-mail: regs.comments@federalreserve.gov.
 Include the
docket number in the subject line of the message.
FAX: 202/452-3819 or 202/452-3102.
Mail: Jennifer J. Johnson, Secretary, Board of Governors
of the Federal Reserve System, 20th Street and Constitution Avenue,
NW., Washington, DC 20551.
All public comments are available from the Board's Web site at
http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm
as submitted, unless modified for technical reasons. Accordingly, your
comments will not be edited to remove any identifying or contact
information. Public comments may also be viewed in electronic or paper
form in Room MP-500 of the Board's Martin Building (20th and C Streets,
NW.) between 9 a.m. and 5 p.m. on weekdays.
FDIC: You may submit comments by any of the following methods:
Agency Web site: http://www.fdic.gov/regulations/laws/federal/propose.html.
Follow the instructions for submitting comments on the Agency Web site.

E-Mail: Comments@FDIC.gov.
Mail: Robert E. Feldman, Executive Secretary, Attention:
Comments, Federal Deposit Insurance Corporation, 550 17th Street, NW.,
Washington, DC 20429.
Hand Delivery/Courier: Guard station at the rear of the
550 17th Street Building (located on F Street) on business days between
7 a.m. and 5 p.m.
Instructions: All submissions received must include the agency
name. All comments received will be posted without change to http://www.fdic.gov/regulations/laws/federal/propose.html
including any personal information provided.
Public Inspection: Comments may be inspected and
photocopied in the FDIC Public Information Center, Room E-1007, 3501
North Fairfax Drive, Arlington, VA, between 9 a.m. and 4:30 p.m. on
business days.
OTS: You may submit comments, identified by docket number 2006-01,
by any of the following methods:
Federal eRulemaking Portal: http://www.regulations.gov.

Follow the instructions for submitting comments.
E-mail address: regs.comments@ots.treas.gov.
Please include docket number 2006-01 in the subject line of the message and
include your name and telephone number in the message.
Fax: (202) 906-6518.
Mail: Regulation Comments, Chief Counsel's Office, Office
of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552,
Attention: No. 2005-56.
Hand Delivery/Courier: Guard's Desk, East Lobby Entrance,
1700 G Street, NW., from 9 a.m. to 4 p.m. on business days. Address
envelope as follows: Attention: Regulation Comments, Chief Counsel's
Office, Attention: No. 2006-01.
Instructions: All submissions received must include the agency name
and docket number for this proposed Guidance. All comments received
will be posted without change to the OTS Internet site at http://www.ots.treas.gov/pagehtml.cfm?catNumber=67&an=1
including any personal information provided.
Docket: For access to the docket to read background documents or
comments received, go to http://www.ots.treas.gov/pagehtml.cfm?catNumber=67&an=1.
In addition, you may inspect comments at the OTS's Public Reading Room, 1
700 G Street, NW., by appointment.
To make an appointment for access, call (202) 906-5922, send an e-mail
to public.info@ots.treas.gov, or send a facsimile transmission to (202)
906-7755. (Prior notice identifying the materials you will be
requesting will assist us in serving you.) We schedule appointments on
business days between 10 a.m. and 4 p.m. In most cases, appointments
will be available the next business day following the date we receive a
request.

FOR FURTHER INFORMATION CONTACT: OCC: Doreen Ledbetter, National Bank
Examiner/Credit Risk Specialist, Credit Risk Policy, (202) 874-4531; or
Dena G. Patel, Credit Risk Specialist, Credit Risk Policy, (202) 874-
1724.
Board: Denise Dittrich, Supervisory Financial Analyst, (202) 452-
2783; or Virginia Gibbs, Senior Supervisory Financial Analyst, (202)
452-2521; or Sabeth I. Siddique, Assistant Director, (202) 452-3861,
Division of Banking Supervision and Regulation; or Mark Van Der Weide,
Senior Counsel, Legal Division, (202) 452-2263. For users of
Telecommunications Device for the Deaf (``TDD'') only, contact (202)
263-4869.
FDIC: James Leitner, Senior Examination Specialist, (202) 898-6790,
or Benjamin W. McDonough, Attorney, Legal Division, (202) 898-7411.
OTS: William Magrini, Senior Project Manager, (202) 906-5744.

SUPPLEMENTARY INFORMATION: On January 13, 2006, the Agencies published
for comment proposed guidance entitled ``Concentrations in Commercial
Real Estate Lending, Sound Risk Management Practices'' (Guidance). 71
FR 2302. The proposal stated that any comments on the proposal must be
submitted on or before March 14, 2006.
In response to the solicitation of comments, the Agencies have
received several hundred comments on the proposal, including a request
from a financial institutions trade association to extend the comment
period. In light of the wide public interest in the proposal and the
Agencies' desire to provide the public with sufficient time to consider
the proposal and formulate

[[Page 13217]]

any comments, the Agencies have decided to extend the comment period on
the proposal by 30 days. The comment period will now run through April
13, 2006.

Dated: March 7, 2006.
John C. Dugan,
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, March 9, 2006.
Jennifer J. Johnson,
Secretary of the Board.
Dated at Washington, DC, this 8th day of March, 2006.

By order of the Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
Dated: March 8, 2006.

By the Office of Thrift Supervision.
Scott M. Polakoff,
Deputy Director & Chief Operating Officer.
[FR Doc. 06-2442 Filed 3-13-06; 8:45 am]

BILLING CODE 4810-33-P