[Federal Register Volume 59, Number 241 (Friday, December 16, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-31121]


[[Page Unknown]]

[Federal Register: December 16, 1994]


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

FEDERAL DEPOSIT INSURANCE CORPORATION

 

Notice of Agency Meeting

    Pursuant to the provisions of the ``Government in the Sunshine 
Act'' (5 U.S.C. 552b), notice is hereby given that the Federal Deposit 
Insurance Corporation's Board of Directors will meet in open session at 
10:00 a.m. on Tuesday, December 20, 1994, to consider the following 
matters:

Summary Agenda

    No substantive discussion of the following items is anticipated. 
These matters will be resolved with a single vote unless a member of 
the Board of Directors requests that an item be moved to the discussion 
agenda.

    Disposition of minutes of previous meetings.
    Reports of actions approved by the standing committees of the 
Corporation and by officers of the Corporation pursuant to authority 
delegated by the Board of Directors.
    Memorandum re: Lease of office space for the Northeast Service 
Center of the Division of Depositor and Asset Services and 
supporting divisions and offices, and approval of the Service Center 
tenant improvements budget.
    Memorandum re: Contracts relating to the Corporation's 
information resources management activities.
    Memorandum re: Request for approval to exercise option for hotel 
management service contract at Virginia Square.
    Memorandum and resolution re: Final amendments to Part 335 of 
the Corporation's rules and regulations, entitled ``Securities of 
Nonmember Insured Banks,'' which relate to registration and 
reporting requirements for nonmember insured banks with securities 
registered under section 12 of the Securities Exchange Act of 1934.
    Memorandum and resolution re: Final amendments to Part 303 of 
the Corporation's rules and regulations, entitled ``Applications, 
Requests, Submittals, Delegations of Authority, and Notices Required 
to be filed by Statute or Regulation,'' which amend the 
Corporation's requirements for publishing notice of the filing of 
applications for proposed merger transactions under the Bank Merger 
Act.
    Memorandum and resolution re: Notice of withdrawal of proposed 
amendments to the Corporation's rules and regulations in the form of 
a new Part 356, entitled ``Insider Transactions--Conflicts of 
Interest,'' which would (1) provide that business dealings (other 
than extensions of credit) between an insured nonmember bank and its 
directors, executive officers, principal shareholders and related 
interests of such persons must meet an arms-length standard, (2) 
require that covered business dealings be approved by the bank's 
board of directors in advance if the dollar value of the business 
dealings exceeds a certain aggregate figure, (3) require bank 
insiders to disclose their conflicts of interest, (4) provide for 
certain recordkeeping requirements, (5) require the bank's board of 
directors to adopt written guidelines governing covered business 
dealings, and (6) prohibit insured nonmember banks from investing in 
real estate in which any of the bank's directors, executive 
officers, principal shareholders or related interests of such 
persons has an equity interest.

Discussion Agenda

    Memorandum re: The Corporation's 1995 Business Plan.
    Memorandum with respect to the development of a process to 
ensure that any appeal of a material supervisory determination is 
considered and decided expeditiously.
    Memorandum and resolution re: Report on Use of Alternative 
Dispute Resolution at the Federal Deposit Insurance Corporation as 
contemplated by the Administrative Dispute Resolution Act of 1990 
and recommendations with respect thereto.
    Memorandum and resolution re: Final amendments to Parts 327 and 
304 of the Corporation's rules and regulations, entitled 
``Assessments'' and ``Forms, Instructions, and Reports,'' 
respectively, which (1) collect assessments on a quarterly basis via 
direct debits initiated by the Corporation; (2) update an 
institution's risk-based assessment classification on a quarterly, 
rather than semiannual basis; (3) clarify the requirements for 
insurance assessment payments due with regard to deposits assumed 
from institutions terminating their insured status; and (4) make 
certain other technical amendments.
    Memorandum and resolution re: Final amendments to Part 337 of 
the Corporation's rules and regulations, entitled ``Unsafe and 
Unsound Banking Practices,'' which except loans which are fully 
secured by certain types of collateral from the general limit on 
``other purpose'' loans to executive officers of insured nonmember 
banks.
    Memorandum and resolution re: Final amendments to Part 325 of 
the Corporation's rules and regulations, entitled ``Capital 
Maintenance,'' which, for regulatory capital purposes, require net 
unrealized holding losses on available-for-sale equity securities 
with readily determinable fair values to be deducted in determining 
the amount of Tier 1 capital and exclude from the definition of Tier 
1 capital all other net unrealized holding gains (losses) on 
available-for-sale equity securities.
    Memorandum and resolution re: Final amendments to Part 325 of 
the Corporation's rules and regulations, entitled ``Capital 
Maintenance,'' which revises the existing risk-based capital 
guidelines (Appendix A to Part 325) to recognize the effects of 
bilateral netting agreements in the calculation of risk-based 
capital.

    The meeting will be held in the Board Room on the sixth floor of 
the FDIC Building located at 550 17th Street, N.W., Washington, D.C.
    The FDIC will provide attendees with auxiliary aids (e.g., sign 
language interpretation) required for this meeting. Those attendees 
needing such assistance should call (202) 942-3132 (Voice); (202) 942-
3111 (TTY), to make necessary arrangements.
    Requests for further information concerning the meeting may be 
directed to Mr. Robert E. Feldman, Acting Executive Secretary of the 
Corporation, at (202) 898-6757.

    Dated: December 13, 1994.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Acting Executive Secretary.
[FR Doc. 94-31121 Filed 12-14-94; 1:33 pm]
BILLING CODE 6714-0-M