[Federal Register Volume 67, Number 127 (Tuesday, July 2, 2002)]
[Rules and Regulations]
[Pages 44351-44352]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-16604]


=======================================================================
-----------------------------------------------------------------------

FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Chapter III


Agency Reorganization; Nomenclature Changes

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Final rule.

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

SUMMARY: On June 30, 2002, the FDIC, through an internal organizational 
order, merged the Division of Supervision and the Division of 
Compliance and Consumer Affairs and as a result of the merger, changed 
the name of the ``Division of Supervision'' and ``Division of 
Compliance and Consumer Affairs'' to the ``Division of Supervision and 
Consumer Protection'' (DSC). In addition, the internal reorganizational 
order merged the Division of Insurance and the Division of Research and 
Statistics and changed the name of the ``Division of Insurance'' to the 
``Division of Insurance and Research.'' Consistent with this action, 
this rule makes appropriate conforming changes in chapter III of title 
12 of the Code of Federal Regulations. The rule also sets forth a 
Savings Provision in SUPPLEMENTARY INFORMATION that preserves, under 
the new names, all actions taken under the name of the ``Division of 
Supervision,'' ``Division of Compliance and Consumer Affairs'' and the 
``Division of Insurance'' and provides that any references to the 
Division of Supervision and Division of Compliance and Consumer Affairs 
or the Division of Insurance respectively in any document or other 
communication shall be deemed to be references to the Division of 
Supervision and Consumer Protection or the Division of Insurance and 
Research respectively.

DATES: This rule is effective June 30, 2002.

FOR FURTHER INFORMATION CONTACT: Legal Division: Robert E. Feldman, 
Executive Secretary (202) 898-3811, Susan van den Toorn, Counsel, (202) 
898-8707, Federal Deposit Insurance Corporation, 550 17th Street, NW, 
Washington, DC 20429.

SUPPLEMENTARY INFORMATION:

Background

    This rule implements the decision by the FDIC, through an internal 
reorganization order dated June 30, 2002 to merge certain divisions of 
the FDIC and, as a result, to change the names of the ``Division of 
Supervision'' and the ``Division of Compliance and Consumer Affairs'' 
to the ``Division of Supervision and Consumer Protection (DSC) and the 
name of the ``Division of Insurance'' to the ``Division of Insurance 
and Research (DIR)''. These new names more accurately reflect the 
breadth of the Divisions' activities as a result of the FDIC 
reorganization. Consistent with these name changes, this rule makes a 
number of changes in chapter III of title 12 of the Code of Federal 
Regulations. Specifically, this rule changes all references to 
``Division of Supervision'', and ``DOS'', ``Division of Compliance and 
Consumer Affairs'', and ``DCA'' wherever they appear in chapter III to 
the ``Division of Supervision and Consumer Protection'' and ``DSC'' 
respectively. In addition, the rule changes all references to 
``Division of Insurance'' and ``DOI'' to the ``Division of Insurance 
and Research'' and ``DIR'' wherever they appear in chapter III. At a 
later date, the FDIC intends to make further revisions to 12 CFR 
chapter III to reflect other changes as a result of the reorganization 
and recent statutory changes.

Savings Provision

    This rule shall constitute notice that all references to the 
Division of Supervision (DOS), the Division of Compliance and Consumer 
Affairs (DCA) or the Division of Insurance (DOI) in any documents, 
statements, or other communications, in any form or media, and whether 
made before, on or after the effective date of this rule, shall be 
deemed to be references to the Division of Supervision and Consumer 
Protection (DSC) or the Division of Insurance and Research (DIR). Any 
actions undertaken in the name of or on behalf of the Division of 
Supervision (DOS), the Division of Compliance and Consumer Affairs 
(DCA) or Division of Insurance (DOI) whether taken before, on, or after 
the effective date of this rule, shall be deemed to have been taken in 
the name of or on behalf of the Division of Supervision and Consumer 
Protection (DSC) or Division of Insurance and Research (DIR) 
respectively.

Rulemaking Requirements

    1. This rule does not impose information collection and 
recordkeeping requirements. Consequently, it need not be reviewed by 
the Office of Management and Budget under the provisions of the 
Paperwork Reduction Act of 1995.
    2. The provisions of the Administrative Procedure Act (5 U.S.C. 
553) requiring notice of proposed rulemaking, the opportunity for 
public participation, and a delay in effective date, are inapplicable 
because this rule involves a rule of agency organization, procedure, or 
practice. 5 U.S.C. 553(b)(B). Further, no other law requires that a 
notice of proposed rulemaking and an opportunity for public comment be 
given for this final rule. Because a notice of proposed rulemaking and 
opportunity for public comment are not required to be given for this 
rule under 5 U.S.C. or by any other law, the analytical requirements of 
the Regulatory Flexibility Act (5 U.S.C. 601, et seq.) are not 
applicable. Accordingly, this rule is issued in final form. Although 
there is no formal comment period, public comments on this rule are 
welcome on a continuing basis. Comments should be submitted to Thomas 
E. Nixon, FDIC Clearance Officer, Legal Division, 550 17th Street, NW, 
Washington, DC 20429, (202) 898-8766. Comments may be hand-delivered to 
the guard station at the rear of the 17th Street building (located on F 
Street) on business days between 7 a.m. and 5 p.m. [Fax number (202) 
898-3838; Internet address [email protected]].
    For the reasons set forth in the preamble, under the authority of 
12 U.S.C. 1819(a)(tenth), 12 CFR chapter III is amended as set forth 
below:

CHAPTER III--[AMENDED]

    In 12 CFR chapter III revise all references to ``Division of 
Supervision'' and ``Division of Compliance and Consumer Affairs'' to 
read the ``Division of Supervision and Consumer Protection (DSC)'', 
revise all references to ``DOS'' to read ``DSC'', all references to 
``DCA'' to read ``DSC'', all references to ``DOS and DCA'' to read 
``DSC'', all references to ``DOS or DCA'' to read ``DSC'', all 
references to ``Division of Supervision's'' to read ``Division of 
Supervision and Consumer Protection's'', all references to Division of 
Compliance and Consumer Affairs''' to read ``Division of Supervision 
and Consumer Protection's''. Also in 12 CFR chapter III revise all 
references to the ``Division of Insurance'' to read the ``Division of 
Insurance and Research'', all references to ``DOI'' to read ``DIR'' and 
all references to ``Division of Insurance's'' to read ``Division of 
Insurance and Research's''.

    Dated: June 26, 2002.


[[Page 44352]]


    Federal Deposit Insurance Corporaiton.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 02-16604 Filed 7-1-02; 8:45 am]
BILLING CODE 6714-01-P