[Unified Agenda of Federal Regulations]
[Federal Deposit Insurance Corporation Semiannual Regulatory Agenda]
[From the U.S. Government Printing Office, www.gpo.gov]


[[Page 24295]]


_______________________________________________________________________

Part LIII





Federal Deposit Insurance Corporation





_______________________________________________________________________



Semiannual Regulatory Agenda

Federal Register / Vol. 60, No. 88 / Monday, May 8, 1995 / 
Unified Agenda


Federal Register / Vol. 60, No. 88 / Monday, May 8, 1995 / 
Unified Agenda
[[Page 24296]]

=======================================================================

______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)                          
  
______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Ch. III

Semiannual Agenda of Regulations

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Publication of semiannual agenda of regulations.

______________________________________________________________________

SUMMARY: The Federal Deposit Insurance Corporation (FDIC) is hereby 
publishing items for the April 1995 regulatory agenda. The agenda 
contains information about FDIC's current and projected rulemakings, 
existing regulations under review, and completed rulemakings.

FOR FURTHER INFORMATION CONTACT: Persons identified under regulations 
listed in the agenda. Unless otherwise noted, the address for all FDIC 
staff identified in the agenda is Federal Deposit Insurance 
Corporation, 550 17th Street NW., Washington, DC 20429.

SUPPLEMENTARY INFORMATION: Twice each year, the FDIC publishes an 
agenda of regulations to inform the public of its regulatory actions 
and to enhance public participation in the rulemaking process. 
Publication of the agenda is in accordance with both the Regulatory 
Flexibility Act (5 U.S.C. 601 et seq.) and the FDIC statement of policy 
entitled ``Development and Review of FDIC Rules and Regulations'' (44 
FR 31007, May 30, 1979; 44 FR 32353, June 6, 1979; 44 FR 76858, 
December 28, 1979; 49 FR 7288, February 28, 1984).

    The FDIC amends its regulations under the general rulemaking 
authority prescribed in section 9 of the Federal Deposit Insurance 
Act (12 U.S.C. 1819) and under specific authority granted by the 
Act and other statutes.

    The Financial Institutions Reform, Recovery, and Enforcement 
Act of 1989 (FIRREA), the Federal Deposit Insurance Corporation 
Improvement Act of 1991 (FDICIA), and the Community Development and 
Regulatory Improvement Act of 1994 (CDRI) contain reforms that 
significantly restructure the regulation of financial institutions. 
As a consequence, many of the regulations included in this agenda 
are in response to FIRREA, FDICIA, and CDRI. The FDIC is continuing 
to develop regulations implementing the most recent legislative 
requirements. These include the requirement in CDRI that the 
Federal banking regulators conduct a review of all their 
regulations and written policies to streamline them, remove 
inconsistencies, improve efficiency, reduce unnecessary costs, and 
make uniform all regulations and guidelines implementing common 
statutory or supervisory policies. Specifically, proposed changes 
to the FDIC's regulations will be noted in future semiannual 
agendas as they emerge from these reviews.

    Interested persons may petition the FDIC for the issuance, 
amendment, or repeal of any regulation by submitting a written 
petition to the Executive Secretary, Federal Deposit Insurance 
Corporation, Washington, DC 20429. Petitioners should include 
complete and concise statements of their interest in the subject 
matter and reasons why the petitions should be granted.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Acting Executive Secretary.

                                                  Prerule Stage                                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4759        12 CFR ch III  Eligibility for Deposit Insurance; Being Engaged in the Business of                  
            Receiving Deposits Other Than Trust Funds and Related Items...........................    3064-AB40 
----------------------------------------------------------------------------------------------------------------


                                               Proposed Rule Stage                                              
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4760        12 CFR 308  Censure, Suspension, and Debarment of Independent Public Accountants......    3064-AA64 
4761        12 CFR 359  Golden Parachute and Indemnification Payments.............................    3064-AB11 
4762        12 CFR 325  Capital Maintenance--Recourse Arrangements and Direct Credit Substitutes..    3064-AB31 
4763        12 CFR 340  Restrictions on Sale of Assets by the FDIC................................    3064-AB37 
4764        12 CFR 308  Program Fraud Civil Remedies..............................................    3064-AB41 
4765        12 CFR 327  Assessments--Assessment Base..............................................    3064-AB46 
4766        12 CFR ch III  Flood Hazard Insurance.................................................    3064-AB51 
4767        12 CFR 325  Capital Maintenance--Small Business Obligations Transferred With Recourse.    3064-AB57 
----------------------------------------------------------------------------------------------------------------


                                                Final Rule Stage                                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4768        5 CFR 2635  Supplemental Requirements for Standards of Conduct........................    3064-AA08 
4769        12 CFR 354  Deposit Liabilities.......................................................    3064-AA92 
4770        12 CFR 357  Determination of Economically Depressed Regions...........................   3064-AB08  
                             [[Page 24297]]
                                                                                                                
4771        12 CFR 303  Standards for Safety and Soundness........................................    3064-AB13 
4772        12 CFR 325  Capital Maintenance--Interest Rate Risk...................................    3064-AB22 
4773        12 CFR 360  National Depositor Preference.............................................    3064-AB25 
4774        12 CFR 345  Community Reinvestment....................................................    3064-AB27 
4775        12 CFR 366  Contractor Ethics.........................................................    3064-AB39 
4776        12 CFR 325  Capital Maintenance--Future Credit Exposure/Off-Balance Sheet Contracts...    3064-AB43 
4777        12 CFR 363  Independent Audits and Reporting Requirements.............................    3064-AB47 
4778        12 CFR 308  Uniform Rules of Practice and Procedure...................................    3064-AB49 
4779        12 CFR 308  Uniform Rules of Practice and Procedure...................................    3064-AB52 
4780        12 CFR 325  Capital Maintenance - OECD Countries......................................    3064-AB54 
4781        12 CFR 327  Assessments--BIF Rate Schedule............................................    3064-AB58 
4782        12 CFR 327  Assessments--SAIF Rate Schedule...........................................    3064-AB59 
----------------------------------------------------------------------------------------------------------------


                                           Completed/Longterm Actions                                           
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4783        12 CFR 303  Notice of Filing an Application for a Merger Transaction..................    3064-AA54 
4784        12 CFR 346  Foreign Banks.............................................................    3064-AA78 
4785        12 CFR 356  Insider Transactions--Conflicts of Interest...............................    3064-AA94 
4786        12 CFR 334  Contracts Adverse to Safety and Soundness of Insured Depository                         
            Institutions..........................................................................    3064-AB06 
4787        12 CFR 325  Capital Maintenance--Credit Risk and Nontraditional Activities............    3064-AB15 
4788        12 CFR 325  Capital Maintenance--Deferred Tax Assets..................................    3064-AB20 
4789        12 CFR 330  Disclosure of Capital Information for Deposit Insurance Purposes..........    3064-AB26 
4790        12 CFR 325  Capital Maintenance--FASB 115.............................................    3064-AB29 
4791        12 CFR 348  Management Official Interlocks............................................    3064-AB30 
4792        12 CFR 335  Securities of Nonmember Insured Banks.....................................    3064-AB32 
4793        12 CFR 325  Capital Maintenance--Risk-Based Capital/Netting Arrangements..............    3064-AB42 
4794        12 CFR 333  Mutual-to-Stock Conversions of State Nonmember Savings Banks..............    3064-AB44 
4795        12 CFR 327  Assessments--Direct Debits................................................    3064-AB45 
4796        12 CFR 337  Unsafe and Unsound Banking Practices--''Other Purpose'' Loans to Executive              
            Officers..............................................................................    3064-AB50 
4797        12 CFR 330  Deposit Insurance Coverage - Technical Amendments.........................    3064-AB53 
4798        12 CFR 344  Recordkeeping Requirements for Securities Transactions....................    3064-AB56 
4799        12 CFR 325  Capital Maintenance.......................................................    3064-AB60 
----------------------------------------------------------------------------------------------------------------




______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)             Prerule Stage
  
______________________________________________________________________


4759. ELIGIBILITY FOR DEPOSIT INSURANCE; BEING ENGAGED IN THE 
BUSINESS OF RECEIVING DEPOSITS OTHER THAN TRUST FUNDS AND RELATED ITEMS

Legal Authority:  12 USC 1815; 12 USC 1819

CFR Citation:  12 CFR ch III

Legal Deadline: None

Abstract: Being ``engaged in the business of receiving deposits other 
than trust funds'' is a necessary condition for consideration of an 
application for deposit insurance and for continued insurance after an 
application has been granted. However, the FDIC has never defined by 
way of regulation or policy statement what constitutes being ``engaged 
in the business of receiving deposits other than trust funds.'' The 
FDIC is now considering a rulemaking to do that; this regulatory action 
will assist the FDIC in that effort.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

ANPRM                           06/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Melinda West Schwartzstein, Review Examiner, Division 
of Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429, 202 898-6919

RIN: 3064-AB40


[[Page 24298]] 
______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)       Proposed Rule Stage
  
______________________________________________________________________

4760. CENSURE, SUSPENSION, AND DEBARMENT OF INDEPENDENT PUBLIC 
ACCOUNTANTS

Legal Authority:  PL 102-242, sec 112

CFR Citation:  12 CFR 308

Legal Deadline: None

Abstract: This regulation implements section 112 of FDICIA, which 
requires the FDIC, the Office of the Comptroller of the Currency, the 
Board of Governors of the Federal Reserve System, and the Office of 
Thrift Supervision, to develop joint rules of practice for the 
suspension, removal, or debarment of independent public accountants.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Doris L. Marsh, Examination Specialist, Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429, 202 898-8905

RIN: 3064-AA64
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)       Proposed Rule Stage
  
______________________________________________________________________

4761. GOLDEN PARACHUTE AND INDEMNIFICATION PAYMENTS

Legal Authority:  12 USC 1828

CFR Citation:  12 CFR 359

Legal Deadline: None

Abstract: This rulemaking would limit golden parachute and 
indemnification payments made to institution-affiliated parties by 
depository institutions and depository institution holding companies.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            10/07/91                    56 FR 50529
NPRM Comment Period End         12/06/91
Second NPRM                     03/29/95                    60 FR 16069
Second NPRM Comment Period End  05/30/95
Final Action                    09/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jeffrey M. Kopchik, Counsel, Legal Division, Federal 
Deposit Insurance Corporation, 550 17th Street NW., Washington, DC 
20429, 202 898-3872

RIN: 3064-AB11
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)       Proposed Rule Stage
  
______________________________________________________________________

4762. CAPITAL MAINTENANCE--RECOURSE ARRANGEMENTS AND DIRECT CREDIT 
SUBSTITUTES

Legal Authority:  12 USC 1815; 12 USC 1816; 12 USC 1818; 12 USC 1819; 
12 USC 1828; 12 USC 1831; 12 USC 3907; 12 USC 3909

CFR Citation:  12 CFR 325

Legal Deadline: None

Abstract: The FDIC, the Board of Governors of the Federal Reserve 
System, the Office of the Comptroller of the Currency, and the Office 
of Thrift Supervision (``Agencies'') are revising their risk-based 
capital standards to address the regulatory capital treatment of 
recourse arrangements and direct credit substitutes that expose banks, 
bank holding companies, and thrifts to credit risk. One portion of the 
NPRM addressing the risk-based capital treatment of low-level recourse 
transactions is required to be published as a separate final rule by 
CDRI.
In addition, the Agencies published, in an ANPRM, a preliminary 
proposal to use credit ratings to match the risk-based capital 
assessment more closely to an institution's relative risk of loss in 
certain asset securitizations. The Agencies are also seeking comment on 
the need for a similar system for unrated asset securitizations and on 
how such a system would be designed. The Agencies intend that any final 
rules adopted in connection with these regulatory actions that result 
in increased risk-based capital requirements would apply only to 
transactions that are consummated after the effective dates of such 
final rules.

Timetable:

Credit Ratings  ANPRM 05/25/94 (59 FR 27116)  ANPRM Comment Period End 
07/25/94  NPRM 08/00/95

Recourse/Direct Credit Substitutes  NPRM 05/25/94 (59 FR 27116)  NPRM 
Comment Period End 07/25/94  Final Action 12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert F. Storch, Chief, Accounting Section, Division 
of Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429, 202 898-8906

RIN: 3064-AB31
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)       Proposed Rule Stage
  
______________________________________________________________________

4763. RESTRICTIONS ON SALE OF ASSETS BY THE FDIC

Legal Authority:  12 USC 1821

CFR Citation:  12 CFR 340

Legal Deadline: None

Abstract: This regulatory action implements provisions in the 
Resolution Trust Corporation Completion Act of 1993 that require assets 
held by the FDIC in the course of liquidating federally insured 
depository institutions not to be sold to persons who, in ways 
specified in the Act, contributed to the demise of the institution.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            05/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Joseph Fellerman, Senior Liquidation Specialist 
(Credit), Division of Depositor and Asset Services, Federal Deposit 
Insurance Corporation, Washington, DC 20429, 202 898-6879

RIN: 3064-AB37
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)       Proposed Rule Stage
  
______________________________________________________________________

4764. PROGRAM FRAUD CIVIL REMEDIES

Legal Authority:  12 USC 1819; PL 103-204

CFR Citation:  12 CFR 308

Legal Deadline: None

Abstract: The Program Fraud Civil Remedies Act (``PFCRA'') requires 
specified Federal agencies to follow certain procedures to recover 
penalties and assessments against persons who file false claims and 
statements. The Resolution Trust Corporation Completion Act (PL 103-
204) subjects the FDIC to the requirements of the PFCRA. An interagency 
task force was established by the President's Council on Integrity and 
Efficiency to develop model regulations for implementing the PFCRA. 
This regulatory action adopts, with minor variations, the model 
regulations set forth by the Council's task force.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            05/00/95

Small Entities Affected: None

Government Levels Affected: None [[Page 24299]] 

Agency Contact: Mark A. Mellon, Senior Attorney, Legal Division, 
Federal Deposit Insurance Corporation, Washington, DC 20429, 202 898-
6919

RIN: 3064-AB41
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)       Proposed Rule Stage
  
______________________________________________________________________

4765. ASSESSMENTS--ASSESSMENT BASE

Legal Authority:  12 USC 1441; 12 USC 1817 to 1819

CFR Citation:  12 CFR 327

Legal Deadline: None

Abstract: The FDIC is considering whether to seek comment on a proposal 
to revise the assessment base used by insured institutions to determine 
the premium paid for deposit insurance. The current base, generally 
domestic deposits, is defined in the Federal Deposit Insurance Act. A 
statutory change, effective January 1, 1994, permits the definition of 
the assessment base to be established in the FDIC's rules and 
regulations.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

ANPRM                           10/05/94                    59 FR 50710
ANPRM Comment Period End        02/02/95
NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William Farrell, Chief, Assessments Management Section, 
Division of Finance, Federal Deposit Insurance Corporation, Washington, 
DC 20429, 703 516-5546

RIN: 3064-AB46
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)       Proposed Rule Stage
  
______________________________________________________________________

4766.  FLOOD HAZARD INSURANCE

Legal Authority:  PL 103-325

CFR Citation:  12 CFR ch III

Legal Deadline: None

Abstract: The CDRI contains a number of amendments to the Flood 
Disaster Protection Act of 1973. The amendments are intended to improve 
compliance with existing flood insurance purchase requirements. Under 
the statute, the federal banking agencies are to consult and coordinate 
on the development of implementing regulations through the Federal 
Financial Institutions Examination Council.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            09/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Barbara L. Boehm, Consumer Affairs Specialist, Division 
of Compliance and Consumer Affairs, Federal Deposit Insurance 
Corporation, Washington, DC 20429, 202 898-3539

RIN: 3064-AB51
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)       Proposed Rule Stage
  
______________________________________________________________________


4767.  CAPITAL MAINTENANCE--SMALL BUSINESS OBLIGATIONS 
TRANSFERRED WITH RECOURSE

Legal Authority:  PL 103-325

CFR Citation:  12 CFR 325

Legal Deadline: None

Abstract: This rulemaking has the effect of lowering the capital 
requirement on certain small business obligations transferred with 
recourse. It implements section 208 of CDRI.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            04/00/95
Final Action                    05/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stephen G. Pfeifer, Examination Specialist, Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429, 202 898-7049

RIN: 3064-AB57



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)          Final Rule Stage
  
______________________________________________________________________

4768. SUPPLEMENTAL REQUIREMENTS FOR STANDARDS OF CONDUCT

Legal Authority:  5 USC app Ethics in Government Act of 1978; 12 USC 
1819; 26 USC 1043; EO 12674; EO 12731

CFR Citation:  5 CFR 2635; 5 CFR 3201; 12 CFR 336

Legal Deadline: None

Abstract: A rule published by the Office of Government Ethics (``OGE'') 
at 5 CFR 2635 replaced all agency ethics rules, including the FDIC's. 
OGE's rule permits supplemental rules on certain conflicts of interest 
unique to each agency. The FDIC plans to publish such supplemental 
regulations at 5 CFR 3201 relating to extensions of credit, 
restrictions on holding the securities of federally insured depository 
institutions, restrictions on the purchase of the property of failed 
federally insured depository institutions, interest in FDIC decisions, 
and related matters.
This supplemental rule incorporates provisions from the FDIC Employee 
Responsibilities and Conduct regulation (12 CFR 336). Subpart C of 12 
CFR 336 will remain in effect until this rule is published in final 
form.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            07/12/94                    59 FR 35480
NPRM Comment Period End         09/12/94
Final Action                    05/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Katherine A. Corigliano, Assistant Executive Secretary 
(Ethics), Office of the Executive Secretary, Federal Deposit Insurance 
Corporation, Washington, DC 20429, 202 898-7272

RIN: 3064-AA08
______________________________________________________________________




______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)          Final Rule Stage
  
______________________________________________________________________

4769. DEPOSIT LIABILITIES

Legal Authority:  12 USC 1813; 12 USC 1819

CFR Citation:  12 CFR 354

Legal Deadline: None

Abstract: The FDIC issued for public comment a proposed regulation 
expanding the definition of the term ``deposit.'' The proposed rule 
would have found that a bank's liability on a promissory note, bond, 
acknowledgement of advance, or similar obligation that is issued or 
undertaken by the insured bank as a means of obtaining funds is a 
deposit liability for insurance and assessment purposes. The FDIC may 
invite [[Page 24300]] comment on withdrawing this proposal as part of a 
larger reconsideration of the assessment base, discussed elsewhere in 
this agenda under RIN 3064-AB46.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            11/25/88                    53 FR 47723
NPRM Comment Period End         01/24/89
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Alan J. Kaplan, Assistant General Counsel, Legal 
Division, Federal Deposit Insurance Corporation, Washington, DC 20429, 
202 898-3734

RIN: 3064-AA92
______________________________________________________________________




______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)          Final Rule Stage
  
______________________________________________________________________

4770. DETERMINATION OF ECONOMICALLY DEPRESSED REGIONS

Legal Authority:  12 USC 1823

CFR Citation:  12 CFR 357

Legal Deadline: None

Abstract: This rulemaking would have revised the delineation of 
``economically depressed regions'' in 12 CFR 357. No final rule has 
been promulgated. The RTC Completion Act of 1993 amended the FDI Act at 
section 13(c) to severely restrict the use of open bank assistance, and 
therefore the possible application of 12 CFR 357.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            12/18/92                    57 FR 60140
NPRM Comment Period End         02/16/93
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Alice Weicher, Financial Economist, Division of 
Research and Statistics, Federal Deposit Insurance Corporation, 
Washington, DC 20429, 202 898-7096

RIN: 3064-AB08
______________________________________________________________________




______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)          Final Rule Stage
  
______________________________________________________________________

4771. STANDARDS FOR SAFETY AND SOUNDNESS

Legal Authority:  PL 102-242, sec 132

CFR Citation:  12 CFR 303; 12 CFR 308; 12 CFR 364

Legal Deadline:  Final, Statutory, August 1, 1993.
Final regulations must be promulgated by 08/01/93, with an effective 
date no later than 12/01/93.

Abstract: Section 132 of FDICIA requires Federal financial institutions 
regulators, including the FDIC, to prescribe by regulation certain 
safety and soundness standards for insured depository institutions and 
depository institution holding companies. Standards must be prescribed 
in three principal areas: (1) operational and managerial; (2) asset 
quality and earnings; and (3) employee compensation. Under this 
proposal, an insured depository institution or depository institution 
holding company that fails to meet any of the prescribed standards, 
will be required to submit and implement an acceptable plan to achieve 
compliance. Failure to submit or implement such a plan within the time 
allowed will result in an order to correct the deficiency.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

ANPRM                           07/15/92                    57 FR 31336
ANPRM Comment Period End        09/14/92
NPRM                            11/18/93                    58 FR 60802
NPRM Comment Period End         01/03/94
Final Action                    04/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert W. Walsh, Examination Specialist, Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429, 202 898-6911

RIN: 3064-AB13
______________________________________________________________________




______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)          Final Rule Stage
  
______________________________________________________________________

4772. CAPITAL MAINTENANCE--INTEREST RATE RISK

Legal Authority:  12 USC 1815; 12 USC 1816; 12 USC 1818; 12 USC 1819; 
12 USC 1828; 12 USC 1831; 12 USC 3907; 12 USC 3909; PL 102-233; PL 102-
242

CFR Citation:  12 CFR 325

Legal Deadline:  Final, Statutory, June 19, 1993.

Abstract: This rule implements that part of section 305 of FIRREA which 
requires each Federal banking agency to revise its risk-based capital 
standards for insured depository institutions to ensure that those 
standards take adequate account of interest rate risk. This regulatory 
action is being pursued jointly with the Office of the Comptroller of 
the Currency and the Board of Governors of the Federal Reserve System.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

ANPRM                           08/10/92                    57 FR 35507
ANPRM Comment Period End        10/09/92
NPRM                            09/14/93                    58 FR 48206
NPRM Comment Period End         10/29/93
Final Action                    09/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William A. Stark, Assistant Director, Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429, 202 898-6972

RIN: 3064-AB22
______________________________________________________________________




______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)          Final Rule Stage
  
______________________________________________________________________

4773. NATIONAL DEPOSITOR PREFERENCE

Legal Authority:  PL 101-73

CFR Citation:  12 CFR 360

Legal Deadline: None

Abstract: On August 10, 1993, Congress amended section 11(d)(11) of the 
FDI Act to establish priorities for paying claims against failed 
institutions. The priorities are as follows: (1) administrative 
expenses of the receiver, (2) deposit liabilities, (3) other general or 
senior liabilities, (4) subordinated debts, (5) shareholders' 
obligations. This regulatory action clarifies the requirements of the 
statute regarding the expenses that may be included as administrative 
expenses of the receiver.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

Interim Final Rule and Request 
for Comments                    08/13/93                    58 FR 43069
Interim Final Rule Effective 
Date                            08/13/93
Interim Final Rule Comment 
Period End                      10/12/93
Final Rule                      05/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stephen N. Graham, Associate Director, Division of 
[[Page 24301]] Liquidation, Federal Deposit Insurance Corporation, 
Washington, DC 20429, 202 898-7377

RIN: 3064-AB25
______________________________________________________________________




______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)          Final Rule Stage
  
______________________________________________________________________

4774. COMMUNITY REINVESTMENT

Legal Authority:  PL 95-128

CFR Citation:  12 CFR 345

Legal Deadline: None

Abstract: The Office of the Comptroller of the Currency, the Board of 
Governors of the Federal Reserve System, the FDIC, and the Office of 
Thrift Supervision are working together to develop new regulations and 
standards for procedures assessing a financial institution's 
performance under the Community Reinvestment Act (CRA). The agencies' 
goal is to reform CRA regulations and supervision in order to improve 
performance, clarify standards, and make CRA performance assessments 
more objective.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

ANPRM                           08/19/93                    58 FR 44138
NPRM                            12/21/93                    58 FR 67466
NPRM Comment Period End         03/24/94                     59 FR 5138
Second NPRM                     10/07/94                    59 FR 51232
Second NPRM Comment Period End  11/21/94
Final Action                    04/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Janice Smith, Associate Director, Division of 
Compliance and Consumer Affairs, Federal Deposit Insurance Corporation, 
Washington, DC 20429, 202 898-6777

RIN: 3064-AB27
______________________________________________________________________




______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)          Final Rule Stage
  
______________________________________________________________________

4775. CONTRACTOR ETHICS

Legal Authority:  12 USC 1822

CFR Citation:  12 CFR 366

Legal Deadline: None

Abstract: This regulatory action establishes standards regarding 
conflicts of interest and ethical responsibilities for independent 
contractors doing business with the FDIC.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            06/24/94                    59 FR 32661
NPRM Comment Period End         08/23/94
Final Action                    05/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: James Lantelme, Assistant General Counsel, Legal 
Division, Federal Deposit Insurance Corporation, Washington, DC 20429, 
202 736-0120

RIN: 3064-AB39
______________________________________________________________________




______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)          Final Rule Stage
  
______________________________________________________________________

4776. CAPITAL MAINTENANCE--FUTURE CREDIT EXPOSURE/OFF-BALANCE SHEET 
CONTRACTS

Legal Authority:  12 USC 1815; 12 USC 1816; 12 USC 1818; 12 USC 1819; 
12 USC 1828; 12 USC 1831; 12 USC 3907; 12 USC 3909

CFR Citation:  12 CFR 325

Legal Deadline: None

Abstract: This rulemaking alters the amount of capital required for 
future credit exposure for off-balance sheet contracts. Further, it 
would allow for the netting of future exposure consistent with the 
bilateral netting arrangements contained in the rulemaking described 
elsewhere in this Agenda under Regulatory Information Number 3064-AB42 
(``Capital Maintenance -- Risk-based Capital/Netting Arrangements'').

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            10/19/94                    59 FR 52714
NPRM Comment Period End         12/05/94
Final Action                    05/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William A. Stark, Assistant Director, Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429, 202 898-6972

RIN: 3064-AB43
______________________________________________________________________




______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)          Final Rule Stage
  
______________________________________________________________________

4777. INDEPENDENT AUDITS AND REPORTING REQUIREMENTS

Legal Authority:  PL 103-325

CFR Citation:  12 CFR 363

Legal Deadline: None

Abstract: This regulatory action implements section 314 of CDRI, which 
expands the holding company exception to the FDIC's rule in independent 
audits and reporting requirements. This action also makes certain 
technical changes to citations, references, and formats for agreed-upon 
procedures.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            02/15/95                     60 FR 8583
NPRM Comment Period End 04/17/9502/15/95                     60 FR 8583
Final Action                    08/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Doris L. Marsh, Examination Specialist, Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429, 202 898-8905

RIN: 3064-AB47
______________________________________________________________________




______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)          Final Rule Stage
  
______________________________________________________________________

4778. UNIFORM RULES OF PRACTICE AND PROCEDURE

Legal Authority:  12 USC 1817; 12 USC 1818; 12 USC 1820; 12 USC 1972

CFR Citation:  12 CFR 308

Legal Deadline: None

Abstract: The Comptroller of the Currency, the Board of Governors of 
the Federal Reserve System, the FDIC, the Office of Thrift Supervision, 
and the National Credit Union Administration are jointly proposing this 
regulatory action to clarify provisions that have given rise to 
confusion and to increase the efficiency and fairness of administrative 
hearings. The changes are primarily technical in nature.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            11/29/94                    59 FR 60921
NPRM Comment Period End         12/29/94
Final Action                    08/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Andrea Winkler, Counsel, Federal Deposit Insurance 
Corporation, Washington, DC 20429, 202 898-3764

RIN: 3064-AB49


______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)          Final Rule Stage
  
______________________________________________________________________

[[Page 24302]]
4779.  UNIFORM RULES OF PRACTICE AND PROCEDURE

Legal Authority:  5 USC 504; 5 USC 554 to 557; 12 USC 1815; 12 USC 
1817; 12 USC 1818; 12 USC 1820; 12 USC 1828; 12 USC 1829; 15 USC 781

CFR Citation:  12 CFR 308

Legal Deadline: None

Abstract: This amendment clarifies that the rules relating to ex parte 
communications do not apply to intra-agency communications, which are 
governed by a separate provision of the Administrative Procedure Act. 
The Office of the Comptroller of the Currency, the Board of Governors 
of the Federal Reserve System, the Office of Thrift Supervision, and 
the National Credit Union Administration have all separately proposed 
similar changes.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            11/29/94                    59 FR 60921
NPRM Comment Period End         12/29/94
Final Action                    04/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Andrea Winkler, Counsel, Legal Division, Federal 
Deposit Insurance Corporation, Washington, DC 20429, 202 898-3764

RIN: 3064-AB52
______________________________________________________________________




______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)          Final Rule Stage
  
______________________________________________________________________

4780.  CAPITAL MAINTENANCE - OECD COUNTRIES

Legal Authority:  12 USC 1815; 12 USC 1816; 12 USC 1818; 12 USC 1819; 
12 USC 1828; 12 USC 1831; PL 102-203; PL 102-242

CFR Citation:  12 CFR 325

Legal Deadline: None

Abstract: This regulatory action modifies the definition of the OECD-
based group of countries in the FDIC's risk-based capital guidelines. 
Claims on the governments and banks of this group generally receive 
lower risk weights than corresponding claims on the governments and 
banks of non-OECD based countries. This amendment is based on an 
announcement by the Basle Committee on Banking Supervision that, 
subject to national consultation, the Basle Committee plans to 
introduce a change to the Basle Accord in 1995. The effect of this 
modification would be to exclude from the OECD-based group of countries 
which are eligible for the lower risk weights any country that has 
rescheduled its external sovereign debt within the previous five years.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            02/15/95                     60 FR 8582
NPRM Comment Period End         03/17/95
Final Action                    08/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stephen G. Pfeifer, Examination Specialist, Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429, 202 898-8904

RIN: 3064-AB54
______________________________________________________________________




______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)          Final Rule Stage
  
______________________________________________________________________

4781.  ASSESSMENTS--BIF RATE SCHEDULE

Legal Authority:  12 USC 1441; 12 USC 1817 to 1819

CFR Citation:  12 CFR 327

Legal Deadline: None

Abstract: This rule establishes a new assessment rate schedule of 4-31 
basis points for members of the Bank Assessment Fund (``BIF'') to apply 
to the semiannual period in which the reserve ratio of the BIF reaches 
the Designated Reserve Ratio (``DRR'') of 1.25% of total estimated 
insured deposits and to semiannual periods thereafter. Further, the 
rulemaking amends the assessment risk classification framework by 
widening the rate spread from eight basis points to twenty-seven basis 
points. Finally, the amendment establishes a procedure for adjusting 
that rate schedule as necessary to maintain the DRR at 1.25%.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            02/16/95                     60 FR 9270
NPRM Comment Period End 04/17/9502/16/95                     60 FR 9270
Final Action                    05/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Christine Blair, Financial Economist, Division of 
Research, Federal Deposit Insurance Corporation, Washington, DC 20429, 
202 898-3936

RIN: 3064-AB58
______________________________________________________________________




______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)          Final Rule Stage
  
______________________________________________________________________


4782.  ASSESSMENTS--SAIF RATE SCHEDULE

Legal Authority:  12 USC 1441; 12 USC 1817 to 1819

CFR Citation:  12 CFR 327

Legal Deadline: None

Abstract: The effect of this rulemaking is that the Savings Association 
Insurance Fund (``SAIF'') assessment rate paid by SAIF members will 
continue to range from 23 cents to 31 cents per $100 of domestic 
deposits, depending on risk classification.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            02/16/95                     60 FR 9266
NPRM Comment Period End 04/17/9502/16/95                     60 FR 9266
Final Action                    05/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: James R. McFadyen, Senior Financial Analyst, Division 
of Research and Statistics, Federal Deposit Insurance Corporation, 202 
898-7027

RIN: 3064-AB59


[[Page 24303]] 
______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)Completed/Longterm Actions
  
______________________________________________________________________

4783. NOTICE OF FILING AN APPLICATION FOR A MERGER TRANSACTION

Legal Authority:  12 USC 378; 12 USC 1813; 12 USC 1815 to 1819; 12 USC 
1828; 12 USC 1831; 15 USC 1607

CFR Citation:  12 CFR 303

Legal Deadline: None

Abstract: This rulemaking amends the requirements for publishing notice 
of the filing of an application for a merger transaction under the Bank 
Merger Act. This rule brings the FDIC's regulations more into 
conformance with those of the other federal financial institutions 
regulators, and lessens the paperwork and cost burdens imposed by the 
FDIC's notice requirements.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            06/15/93                    58 FR 33050
NPRM Comment Period End         08/16/93
Final Action                    12/28/94                    59 FR 66653
Final Action Effective          12/28/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: A. David Meadows, Associate Director, Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429, 202 898-3855

RIN: 3064-AA54
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)Completed/Longterm Actions
  
______________________________________________________________________

4784. FOREIGN BANKS

Legal Authority:  12 USC 378; 12 USC 1813; 12 USC 1815 to 1819; 12 USC 
1828; 12 USC 1829; 12 USC 3105; 15 USC 1607

CFR Citation:  12 CFR 346

Legal Deadline: None

Abstract: This regulation implements section 202(h) of FDICIA, which 
provides, in part, that after December 19, 1992, an insured state 
branch of a foreign bank may not engage in any activity not permissible 
for a federal branch of a foreign bank unless the FDIC has determined 
that the activity would pose no significant risk to the deposit 
insurance fund. This regulation sets forth the application procedures 
to request the FDIC's permission to engage in, or continue to engage 
in, an activity not permissible for a federal branch.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            03/02/93                    58 FR 11992
NPRM Comment Period End         05/03/93
Final Action                    11/28/94                    59 FR 60703
Final Action Effective          01/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Charles V. Collier, Assistant Director, Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429, 202 898-6850

RIN: 3064-AA78
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)Completed/Longterm Actions
  
______________________________________________________________________

4785. INSIDER TRANSACTIONS--CONFLICTS OF INTEREST

Legal Authority:  12 USC 1818; 12 USC 1819; 12 USC 1831(g)

CFR Citation:  12 CFR 356

Legal Deadline: None

Abstract: This rule was originally proposed to ensure that business 
dealings (other than extensions of credit) between insured nonmember 
banks and state licensed insured branches of foreign banks and their 
``insiders'' are conducted in an arms-length fashion so that insiders 
do not improperly abuse their position for personal gain. Several 
factors led to the decision to withdraw the proposal. These include an 
intervening federal statute and implementing regulations that addressed 
many of the concerns in the proposal, overwhelmingly negative comments 
received in response to the proposal, and an FDIC policy statement 
recommending the withdrawal of proposed rules that have not been acted 
upon within nine months of the date of the proposal.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            08/08/91                    56 FR 37673
NPRM Comment Period End         10/07/91
NPRM Comment Period End         10/07/91
Withdrawn                       12/28/94                    59 FR 66819

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Michael D. Jenkins, Examination Specialist, Division of 
Supervision, Federal Deposit Insurance Corporation, Washington DC 
20429, 202 898-6896

RIN: 3064-AA94
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)Completed/Longterm Actions
  
______________________________________________________________________

4786. CONTRACTS ADVERSE TO SAFETY AND SOUNDNESS OF INSURED 
DEPOSITORY INSTITUTIONS

Legal Authority:  12 USC 1818; 12 USC 1819; 12 USC 1831g

CFR Citation:  12 CFR 334

Legal Deadline: None

Abstract: This rule would have implemented section 225 of FIRREA, which 
requires the FDIC to prescribe regulations as may be necessary to 
prevent insured depository institutions from entering into contracts 
that adversely affect their safety and soundness.
The statutory provision remains in place and unchanged. The FDIC has 
decided to withdraw the proposed rule because the existence of adverse 
contracts has decreased considerably since the proposed rule was issued 
for comment, and because of the overwhelmingly negative comments 
received.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

Withdrawn                       03/28/95                    60 FR 15882
Adverse Contracts With Non-depository Affiliates  ANPRM 04/01/91 (56 FR 
13291)  ANPRM Comment Period End 05/31/91

Adverse Contracts With Outside Vendors  NPRM 04/01/91 (56 FR 
13291)  NPRM Comment Period End 05/31/91

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Michael D. Jenkins, Examination Specialist, Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429, 202 898-6896

RIN: 3064-AB06
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)Completed/Longterm Actions
  
______________________________________________________________________

4787. CAPITAL MAINTENANCE--CREDIT RISK AND NONTRADITIONAL 
ACTIVITIES

Legal Authority:  PL 102-242, sec 305

CFR Citation:  12 CFR 325

Legal Deadline:  Final, Statutory, June 19, 1993.

Abstract: This rule implements section 305 of FIRREA, which requires 
each Federal banking agency to revise its risk-based capital standards 
for insured depository institutions to account for concentration of 
credit risk and the risks of nontraditional activities. [[Page 24304]] 

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

ANPRM                           08/10/92                    57 FR 35507
ANPRM Comment Period End        10/09/92
NPRM                            02/22/94                     59 FR 8420
NPRM Comment Period End         03/24/94
Final Action                    12/15/94                    59 FR 64564
Final Action Effective          01/17/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stephen G. Pfeifer, Examination Specialist, Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429, 202 898-8904

RIN: 3064-AB15
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)Completed/Longterm Actions
  
______________________________________________________________________

4788. CAPITAL MAINTENANCE--DEFERRED TAX ASSETS

Legal Authority:  12 USC 1815; 12 USC 1816; 12 USC 1818; 12 USC 1819; 
12 USC 1828; 12 USC 1831; 12 USC 3907; 12 USC 3909; PL 102-233; PL 102-
242

CFR Citation:  12 CFR 325

Legal Deadline: None

Abstract: This rulemaking amends the FDIC's capital standards for 
insured state nonmember banks by establishing a limitation on the 
amount of certain deferred tax assets that may be included in (that is, 
not deducted from) the Tier 1 capital calculation for risk-based and 
leverage capital purposes. This amendment was developed on a consistent 
basis by the FDIC, the Board of Governors of the Federal Reserve 
System, the Office of the Comptroller of the Currency, and the Office 
of Thrift Supervision in response to the issuance by the Financial 
Accounting Standards Board (``FASB'') of Statement 109, ``Accounting 
for Income Taxes.'' This FASB accounting standard must be adopted by 
insured state nonmember banks for regulatory reporting and financial 
reporting purposes no later than the first quarter of 1993, or the 
beginning of the first fiscal year thereafter, if later.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            05/05/93                    58 FR 26701
NPRM Comment Period End         06/04/93
Final Action                    02/13/95                     60 FR 8182
Final Action Effective          04/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert F. Storch, Chief, Accounting Section, Division 
of Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429, 202 898-8906

RIN: 3064-AB20
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)Completed/Longterm Actions
  
______________________________________________________________________

4789. DISCLOSURE OF CAPITAL INFORMATION FOR DEPOSIT INSURANCE 
PURPOSES

Legal Authority:  12 USC 1819 to 1821

CFR Citation:  12 CFR 330

Legal Deadline: None

Abstract: The purpose of this rulemaking is to provide better 
information for pension plan administrators to determine the amount of 
deposit insurance available for their pension plan deposits.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            12/08/93                    58 FR 64521
NPRM Comment Period End         02/07/94
Final Action                    02/09/95                     60 FR 7701
Final Action Effective          07/01/05

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Daniel M. Gautsch, Examination Specialist, Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429, 202 898-6912

RIN: 3064-AB26
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)Completed/Longterm Actions
  
______________________________________________________________________

4790. CAPITAL MAINTENANCE--FASB 115

Legal Authority:  PL 102-233; PL 102-242

CFR Citation:  12 CFR 325

Legal Deadline: None

Abstract: This rulemaking amends the FDIC's leverage and risk-based 
capital standards to recognize explicitly the unrealized gains and 
losses on available-for-sale securities in determining the amount of an 
institution's common stockholders' equity. This is consistent with the 
recently adopted Statement of Financial Accounting Standards No. 115 
(FASB 115).

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            12/29/93                    58 FR 68781
NPRM Comment Period End         01/28/94
Final Action                    12/28/94                    59 FR 66662
Final Action Effective          01/27/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stephen G. Pfeifer, Examination Specialist, Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429, 202 898-8906

RIN: 3064-AB29
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)Completed/Longterm Actions
  
______________________________________________________________________

4791. MANAGEMENT OFFICIAL INTERLOCKS

Legal Authority:  12 USC 3207

CFR Citation:  12 CFR 348

Legal Deadline: None

Abstract: This rulemaking would have provided an exemption for any 
management interlock between two depository institutions located in a 
relevant metropolitan statistical area (``RMSA'') or community if their 
combined share of the total deposits in the RMSA or community was no 
more than 20 percent. However, section 338 of CDRI limits the FDIC's 
authority to create such exemptions by regulation. The proposed 
amendment was not consistent with the limited authority. Accordingly, 
the proposed rule was withdrawn.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            04/20/94                    59 FR 18764
NPRM Comment Period End         06/20/94
Withdrawn                       02/07/95                     60 FR 7139

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mark Mellon, Senior Attorney, Legal Division, Federal 
Deposit Insurance Corporation, Washington, DC 20429, 202 898-3854

RIN: 3064-AB30
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)Completed/Longterm Actions
  
______________________________________________________________________

4792. SECURITIES OF NONMEMBER INSURED BANKS

Legal Authority:  15 USC 78l

CFR Citation:  12 CFR 335

Legal Deadline: None

Abstract: Section 12(i) of the Securities Exchange Act of 1934 requires 
that the FDIC issue regulations substantially [[Page 24305]] similar to 
those of the Securities and Exchange Commission (``SEC'') or publish 
its reasons for not doing so. This regulatory action results in the 
issuance of FDIC regulations substantially similar to the SEC's 
Exchange Act regulations relating to Small Business Initiatives, 
Executive Compensation Disclosure, and Regulation of Communications 
Among Shareholders.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            05/02/94                    59 FR 22555
NPRM Comment Period End         07/01/94
Final Action                    12/29/94                    59 FR 67166
Final Action Effective          07/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: M. Eric Dohm, Staff Accountant, Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429, 202 898-8921

RIN: 3064-AB32
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)Completed/Longterm Actions
  
______________________________________________________________________

4793. CAPITAL MAINTENANCE--RISK-BASED CAPITAL/NETTING ARRANGEMENTS

Legal Authority:  12 USC 1815; 12 USC 1816; 12 USC 1818; 12 USC 1819; 
12 USC 1828; 12 USC 1831; 12 USC 3907; 12 USC 3909

CFR Citation:  12 CFR 325

Legal Deadline: None

Abstract: This regulatory action amends the FDIC's risk-based capital 
guidelines to recognize the risk-reducing benefits of netting 
arrangements by permitting institutions to net, for risk-based capital 
purposes, interest and exchange rate contracts subject to bilateral 
netting arrangements that meet certain criteria.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            07/25/94                    59 FR 37726
NPRM Comment Period End         08/24/94
Final Action                    12/28/94                    59 FR 66656
Final Action Effective          12/28/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Curtis Wong, Capital Markets Specialist, Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429, 202 898-7327

RIN: 3064-AB42
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)Completed/Longterm Actions
  
______________________________________________________________________

4794. MUTUAL-TO-STOCK CONVERSIONS OF STATE NONMEMBER SAVINGS BANKS

Legal Authority:  12 USC 1816; 12 USC 1818; 12 USC 1819; 12 USC 1828

CFR Citation:  12 CFR 333

Legal Deadline: None

Abstract: This rulemaking requires FDIC-insured mutual state-chartered 
savings banks to comply with new substantive provisions of the FDIC's 
regulations when proposing to convert to the stock form of ownership.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            06/13/94                    59 FR 30316
NPRM Comment Period End         07/13/94
Final Action                    11/30/94                    59 FR 61233
Final Action Effective          01/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert H. Hartheimer, Acting Director, Division of 
Resolutions, Federal Deposit Insurance Corporation, Washington, DC 
20429, 202 898-8879

RIN: 3064-AB44
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)Completed/Longterm Actions
  
______________________________________________________________________

4795. ASSESSMENTS--DIRECT DEBITS

Legal Authority:  5 USC 552; 12 USC 1817 to 1820; PL 102-242

CFR Citation:  12 CFR 327; 12 CFR 304

Legal Deadline: None

Abstract: This regulatory action provides for the quarterly collection 
of assessments by means of FDIC-originated direct debits through the 
Automated Clearing House network, based on invoices prepared by FDIC 
using call report data. The action also clarifies the obligation of 
acquiring institutions to pay assessments on deposits assumed from 
institutions terminating their insured status; and deletes from the 
assessments regulation the existing references to experience factors, 
which are not available for use after 1994.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            06/10/94                    59 FR 29965
NPRM Comment Period End         08/08/94
Final Action                    12/29/94                    59 FR 67153
Final Action Effective          04/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Connie Brindle, Chief, Assessment Operations Section, 
Division of Finance, Federal Deposit Insurance Corporation, Washington, 
DC 20429, 703 516-5553

RIN: 3064-AB45
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)Completed/Longterm Actions
  
______________________________________________________________________

4796. UNSAFE AND UNSOUND BANKING PRACTICES--''OTHER PURPOSE'' LOANS 
TO EXECUTIVE OFFICERS

Legal Authority:  12 USC 375; 12 USC 1816; 12 USC 1818; 12 USC 1819; 12 
USC 1828; 12 USC 1831

CFR Citation:  12 CFR 337

Legal Deadline: None

Abstract: This regulatory action excepts 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.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            08/16/94                    59 FR 41990
NPRM Comment Period End         10/17/94
Final Action                    12/28/94                    59 FR 66666
Final Action Effective          12/28/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mike Jenkins, Examination Specialist, Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429, 202 898-6896

RIN: 3064-AB50
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)Completed/Longterm Actions
  
______________________________________________________________________

4797.  DEPOSIT INSURANCE COVERAGE - TECHNICAL AMENDMENTS

Legal Authority:  12 USC 1813; 12 USC 1817 to 1822

CFR Citation:  12 CFR 330

Legal Deadline: None

Abstract: This rule contains technical amendments to the rules 
governing deposit insurance coverage. The amendments pertain to 
commingled [[Page 24306]] accounts of U.S. bankruptcy trustees, joint 
accounts, and accounts for which an insured depository institution is 
acting as the trustee of an irrevocable trust.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

Final Action                    02/09/95                     60 FR 7701
Final Action Effective          03/13/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Adrienne George, Attorney, Legal Division, Federal 
Deposit Insurance Corporation, Washington, DC 20429, 202 898-3859

RIN: 3064-AB53
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)Completed/Longterm Actions
  
______________________________________________________________________

4798.  RECORDKEEPING REQUIREMENTS FOR SECURITIES 
TRANSACTIONS

Legal Authority:  12 USC 1817 to 1819

CFR Citation:  12 CFR 344

Legal Deadline: None

Abstract: Part 344 of the FDIC's regulations establishes recordkeeping 
and reporting requirements for securities transactions undertaken by an 
insured nonmember state bank for its customers. This rulemaking 
provides the FDIC with the express authority to waive the requirements 
of Part 344 for good cause.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

Final Action                    02/07/95                     60 FR 7111
Final Action Effective          02/07/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Curtis L. Vaughn, Examination Specialist, Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429, 202 898-6759

RIN: 3064-AB56
______________________________________________________________________



______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)Completed/Longterm Actions
  
______________________________________________________________________


4799.  CAPITAL MAINTENANCE

Legal Authority:  PL 103-325

CFR Citation:  12 CFR 325

Legal Deadline:  Final, Statutory, March 22, 1995.

Abstract: This rule implements section 350 of CDRI, which states that 
the amount of risk-based capital required to be maintained by any 
insured depository institution, with respect to assets transferred with 
recourse, may not exceed the maximum amount of recourse for which the 
institution is contractually liable under the recourse agreement. This 
rule corrects an anomaly in the risk-based capital treatment of 
recourse transactions under which an institution could be required to 
hold capital in excess of the maximum amount of the loss possible under 
the terms of the recourse obligation.

Timetable:
_______________________________________________________________________

Action                            Date                      FR Cite

_______________________________________________________________________

NPRM                            05/25/94                    59 FR 27116
NPRM Comment Period End         07/25/94
Final Action                    03/28/95                    60 FR 15858
Final Action Effective          04/27/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert F. Storch, Chief, Accounting Section, Division 
of Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429, 202 898-8906

RIN: 3064-AB60
[FR Doc. 95-5212 Filed 05-05-95; 8:45 am]
BILLING CODE 6714-01-F