[Federal Register Volume 75, Number 121 (Thursday, June 24, 2010)]
[Notices]
[Pages 36088-36089]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-15320]
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FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
[Docket No. AS10-2]
Appraisal Subcommittee; Rules of Operation; Amendment
AGENCY: Appraisal Subcommittee of the Federal Financial Institutions
Examination Council.
ACTION: Notice of amendment to rules governing the Chairperson and Vice
Chairperson of the Appraisal Subcommittee.
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SUMMARY: The Appraisal Subcommittee (Subcommittee) of the Federal
Financial Institutions Examination Council is amending the following
sections:
Section 3.04 of the Rules of Operation, which sets forth the term
of the Chairperson and designation of a person to act in the absence of
the Chairperson, as amended will define the Chairperson's term to
expire on March 31 every even-numbered year. The language to designate
a person to act in the Chairperson's absence will be deleted due to the
proposed amendment for selection of a Vice Chairperson. A subsection
3.04.a will be added which sets forth the selection process of the Vice
Chairperson, and describes the Vice Chairperson's term and duties.
Section 3.06 of the Rules of Operation designates the Vice
Chairperson to preside over Subcommittee meetings in the Chairperson's
absence.
DATES: Effective Date: Immediately.
FOR FURTHER INFORMATION CONTACT: James R. Park, Executive Director, at
(202) 595-7575, or Alice M. Ritter, General Counsel, at (202) 595-7577,
via Internet e-mail at [email protected] and [email protected], respectively, or
by U.S. Mail at Appraisal Subcommittee, 1401 H Street, NW., Suite 760,
Washington, DC 20005.
SUPPLEMENTARY INFORMATION: The Subcommittee, on May 29, 1991, adopted
Rules of Operation, which were published at 56 FR 28561 (June 21,
1991). The Rules of Operation describe, among other things, the
organization of Subcommittee meetings, notice requirements for
meetings, quorum requirements and certain practices regarding the
disclosure of information. The Subcommittee approved by notation vote
on May 5, 2010, substantive revisions to Sections 3.04 and 3.06 of the
Rules of Operation to address the appointment of a Vice Chairperson for
the Subcommittee.
The Subcommittee is publishing new Sections 3.04, 3.04.a and 3.06
to conform with 5 U.S.C. 552(a)(1)(C), which requires the publication
of agency rules of operation in the Federal Register. The notice and
publication requirements of 5 U.S.C. 553 do not apply to the adoption
of Sections 3.04 and 3.06 because it is a ``rule of agency
organization, procedure, or practice'' exempt from the public notice
and comment process under 5 U.S.C. 553(b)(3)(A).
Based on the foregoing, the Subcommittee adopts new Sections 3.04,
3.04.a and 3.06 of the Rules of Operation, as follows, effective
immediately:
Rules of Operation
* * * * *
Article III Members of the Subcommittee
* * * * *
Section 3.04. Chairperson of the Subcommittee. The Council shall
elect a Chairperson of the Subcommittee. The term of office of the
Chairperson shall be for a two-year term. Section 1104(a)(12 U.S.C.
3333(a)). The Chairperson's term shall expire on March 31 every even-
numbered year. The Chairperson shall carry out all duties required by
the Act and these Rules and shall perform such other duties as from
time to time may be assigned by the Subcommittee
Section 3.04.a. Vice Chairperson of the Subcommittee. The outgoing
Chairperson shall serve as the Vice Chairperson for a period of one
year, with the term ending March 31. During the March meeting, the
Subcommittee shall vote upon a Vice Chairperson to serve for the next
one-year term, which shall coincide with the second year of the
Chairperson's two-year term. It is anticipated that the Vice
Chairperson could serve as the next Chairperson, if so elected by the
Council. The Vice Chairperson shall assist the Chairperson as needed,
and shall act on behalf of the Subcommittee in the absence or
incapacity of the Chairperson.
* * * * *
Section 3.06. Organization of Subcommittee Meetings.
(a) The Chairperson of the Subcommittee shall preside at
Subcommittee meetings. In his or her absence, the Vice Chairperson
shall preside at such Subcommittee meeting.
(b) The Secretary, or in the absence of the Secretary, any person
designated by the Chairperson, shall draft and transmit the minutes of
the meeting to each member. The Executive Director is appointed to
serve as Secretary, and shall be responsible for recording the minutes,
including the full text of each resolution voted on by the Subcommittee
and the substance of each action voted on by the Subcommittee as
[[Page 36089]]
well as the vote. The Secretary will also be responsible for certifying
or attesting to true copies, minutes, or other documents stating that
actions were in fact taken by the Subcommittee. The Secretary will also
be responsible for maintaining and preserving at a single place,
available for inspection at reasonable times by any member of the
Subcommittee or any person designated by any member, the complete
minutes of the proceedings of the Subcommittee. The Executive Director
may delegate the ministerial duties of Secretary to Subcommittee staff.
(c) Regular meetings of the Subcommittee shall be held in
Washington, DC, at a location designated by the Chairperson, or in such
other place as the Subcommittee may designate. Special meetings shall
be held in such place and at such location as designated by the calling
party or parties.
(d) Regular meetings of the Subcommittee shall be held at least
monthly at the call of the Chairperson. Special meetings shall be held
as provided in section 3.07(b) below.
* * * * *
By the Appraisal Subcommittee,
June 16, 2010.
Deborah S. Merkle,
Chairman.
[FR Doc. 2010-15320 Filed 6-23-10; 8:45 am]
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