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Federal Register / Vol. 86, No. 244 / Thursday, December 23, 2021 / Rules and Regulations
Commission has promulgated to implement the Federal Election Campaign Act, 52 U.S.C. 30101 through 45 FECA. The Commission is promulgating these corrections without advance notice or an opportunity for comment because they fall under the good cause exemption of the Administrative Procedure Act APA.
5 U.S.C. 553bB The Commission finds that notice and comment are unnecessary here because these corrections are merely typographical and technical; they effect no substantive changes to any rule. For the same reason, these corrections fall within the good cause exception to the delayed effective date provisions of the APA and the Congressional Review Act. 5 U.S.C.
553d3 and 8082.
Moreover, because these corrections are exempt from the notice and comment procedure of the APA under 5
U.S.C. 553b, the Commission is not required to conduct a regulatory flexibility analysis under 5 U.S.C. 603 or 604. See 5 U.S.C. 6012 and 604a. Nor is the Commission required to submit these revisions for congressional review under FECA, the Presidential Election Campaign Fund Act, 26 U.S.C. 9001
through 13, or the Presidential Primary Matching Payment Account Act, 26
U.S.C. 9031 through 42. See 52 U.S.C.
30111d1 and 4 providing for congressional review when Commission prescribes a rule of law; 26
U.S.C. 9009c1 and 4, 9039c1 and 4 same. Accordingly, these corrections are effective upon publication in the Federal Register.
Corrections to FECA Rules in Chapter I of Title 11 of the Code of Federal Regulations
citation for the definition of personal loans. The correct definition is located at 116.11a.
List of Subjects
Privacy.
11 CFR Part 104

FR Doc. 202127885 Filed 122221; 8:45 am
Campaign funds, Political committees and parties, Reporting and recordkeeping requirements.

jspears on DSK121TN23PROD with RULES1

B. Correction to 11 CFR 104.2

Campaign funds, Political committees and parties.
For the reasons set out in the preamble, the Federal Election Commission amends 11 CFR chapter I
as follows:
PART 1PRIVACY ACT
1. The authority citation for part 1
continues to read as follows:

C. Correction to 11 CFR 110.1
The Commission is revising paragraph b3iiC of this section because it erroneously refers to 116.11b as the
VerDate Sep<11>2014

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2. Amend 1.2 by revising the definition of Commission to read as follows:

Definitions.

Commission means the Federal Election Commission, its Commissioners, and employees. The Commission is located at 1050 First Street NE, Washington, DC 20463. The Commissions website is www.fec.gov.

PART 104REPORTS BY POLITICAL
COMMITTEES AND OTHER PERSONS
52 U.S.C. 30104
3. The authority citation for part 104
continues to read as follows:

Authority: 52 U.S.C. 301011, 301018, 301019, 30102g and i, 30104, 30111a8
and b, 30114, 30116, 36 U.S.C. 510.
Amended
4. Amend 104.2b by adding https www.fec.gov/help-candidatesand-committees/forms/ or at before the words the street address identified.
PART110 CONTRIBUTION AND
EXPENDITURE LIMITATIONS AND
PROHIBITIONS
5. The authority citation for part 110
continues to read as follows:

Authority: 52 U.S.C. 301018, 301019, 30102c2 and g, 30104i3, 30111a8, 30116, 30118, 30120, 30121, 30122, 30123, 30124, and 36 U.S.C. 510.

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Capital Adequacy: The Complex Credit Union Leverage Ratio; Risk-Based Capital National Credit Union Administration NCUA.
ACTION: Final rule.
This final rule provides a simplified measure of capital adequacy for federally insured, natural-person credit unions credit unions classified as complex those with total assets greater than $500 million. Under the final rule, a complex credit union that maintains a minimum net worth ratio, and that meets other qualifying criteria, is eligible to opt into the complex credit union leverage ratio CCULR
framework if they have a minimum net worth ratio of nine percent. A complex credit union that opts into the CCULR
framework need not calculate a riskbased capital ratio under the NCUA
Boards October 29, 2015 risk-based capital final rule, as amended on October 18, 2018. A qualifying complex credit union that opts into the CCULR
framework and maintains the minimum net worth ratio is considered well capitalized. The final rule also makes several amendments to update the NCUAs October 29, 2015 risk-based capital final rule, including addressing asset securitizations issued by credit unions, clarifying the treatment of offbalance sheet exposures, deducting certain mortgage servicing assets from a complex credit unions risk-based capital numerator, revising the treatment of goodwill, and amending other asset risk weights.
DATES: The final rule is effective January 1, 2022.
FOR FURTHER INFORMATION CONTACT:
Policy and Accounting: Thomas Fay, Director, Division of Capital Markets, Office of Examination and Insurance, at 703 5181179; Legal: Rachel Ackmann, at 703 5482601 or Ariel SUMMARY:

Authority: 5 U.S.C. 552a.

Most filers now utilize electronic filing rather than paper forms to submit reports to the Commission. Accordingly, the Commission is revising this section to add that forms may be obtained electronically from the Commissions website as well as in paper format at the updated street address identified in the definition of Commission at 1.2.

12 CFR Parts 702 and 703

AGENCY:

104.2

BILLING CODE 671501P

NATIONAL CREDIT UNION
ADMINISTRATION

11 CFR Part 110

A. Correction to 11 CFR 1.2
In 2018, the Commission relocated to a new building with a different street address. The Commission is updating this section by removing references to the relocation and the Commissions prior address.

Amended
6. Amend 110.1b3iiC by removing 116.11b and adding in its place 116.11a.

Dated: December 20, 2021.
On behalf of the Commission, Ellen L. Weintraub, Commissioner, Federal Election Commission.

11 CFR Part 1

1.2

110.1

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