[Federal Register Volume 82, Number 248 (Thursday, December 28, 2017)]
[Rules and Regulations]
[Page 61443]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-27971]



 ========================================================================
 Rules and Regulations
                                                 Federal Register
 ________________________________________________________________________
 
 This section of the FEDERAL REGISTER contains regulatory documents 
 having general applicability and legal effect, most of which are keyed 
 to and codified in the Code of Federal Regulations, which is published 
 under 50 titles pursuant to 44 U.S.C. 1510.
 
 The Code of Federal Regulations is sold by the Superintendent of Documents. 
 
 ========================================================================
 

  Federal Register / Vol. 82, No. 248 / Thursday, December 28, 2017 / 
Rules and Regulations  

[[Page 61443]]



FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Parts 324, 329, and 382

RIN 3064-AE46


Restrictions on Qualified Financial Contracts of Certain FDIC-
Supervised Institutions; Revisions to the Definition of Qualifying 
Master Netting Agreement and Related Definitions

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Final rule; technical correction; confirmation of effective 
date.

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

SUMMARY: This document makes technical corrections to regulations that 
were published in the Federal Register on October 30, 2017. The FDIC 
added Part 382 to its regulations to improve the resolvability of 
systemically important U.S. banking organizations and systemically 
important foreign banking organizations and enhance the resilience and 
the safety and soundness of certain State savings associations and 
State-chartered banks and made certain conforming changes to Part 329. 
This document is being published to make technical corrections to 
certain rules under Parts 329 and 382 and make effective amendatory 
instruction 6 in the previously published regulation.

DATES: Effective January 1, 2018. Amendatory instruction 6 in the final 
rule published October 30, 2017, at 82 FR 50228, is effective January 
1, 2018.

FOR FURTHER INFORMATION CONTACT: Ryan Billingsley, Acting Associate 
Director, Capital Markets Branch, Division of Risk Management and 
Supervision, [email protected]; Alexandra Steinberg Barrage, Senior 
Resolution Policy Specialist, Office of Complex Financial Institutions, 
[email protected]; David N. Wall, Assistant General Counsel, 
[email protected], Cristina Regojo, Counsel, [email protected], Phillip 
Sloan, Counsel, [email protected], Michael Phillips, Counsel, 
[email protected], Greg Feder, Counsel, [email protected], or Francis 
Kuo, Counsel, [email protected], Legal Division, Federal Deposit Insurance 
Corporation, 550 17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION: We are making technical corrections to 12 
CFR 329.3 and 382.2. We are also making effective amendatory 
instruction #6, published in the final rule on October 30, 2017, at 82 
FR 50228.

List of Subjects

12 CFR Part 329

    Administrative practice and procedure, Banks, banking, Federal 
Deposit Insurance Corporation, FDIC, Liquidity, Reporting and 
recordkeeping requirements.

12 CFR Part 382

    Administrative practice and procedure, Banks, banking, Federal 
Deposit Insurance Corporation, FDIC, Qualified financial contracts, 
Reporting and recordkeeping requirements, State savings associations, 
State non-member banks.

    For the reasons stated in the supplementary information, the 
Federal Deposit Insurance Corporation amends 12 CFR chapter III as 
follows:

PART 329--LIQUIDITY RISK MEASUREMENT STANDARDS

0
 1. The authority citation for part 329 continues to read as follows:

     Authority:  12 U.S.C. 1815, 1816, 1818, 1819, 1828, 1831p-1, 
5412.


Sec.  329.3  [Amended]

0
 2. In Sec.  329.3, amend paragraph (2)(i)(A) of the definition of 
``Qualifying master netting agreement'' by adding ``or'' following the 
semi-colon.

PART 382--RESTRICTIONS ON QUALIFIED FINANCIAL CONTRACTS

0
 3. The authority citation for part 382 continues to read as follows:

    Authority: 12 U.S.C. 1816, 1818, 1819, 1820(g), 1828, 1828(m), 
1831n, 1831o, 1831p-l, 1831(u), 1831w.


Sec.  382.1  [Amended]

0
 4. As of January 1, 2018, make effective amendatory instruction #6 as 
published October 30, 2017, at 82 FR 50228.


Sec.  382.2  [Amended]

0
 5. In Sec.  382.2, amend paragraph (c)(1)(ii) by removing ``January 
19, 2019'' and adding ``January 1, 2019'' in its place.

    Dated at Washington, DC, on December 21, 2017.

Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2017-27971 Filed 12-27-17; 8:45 am]
 BILLING CODE 6714-01-P