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


[[Page 24397]]


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Part LXIV





Resolution Trust Corporation





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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 24398]]

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RESOLUTION TRUST CORPORATION (RTC)                                    
  
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RESOLUTION TRUST CORPORATION

12 CFR Ch. III

Semiannual Agenda of Regulations

AGENCY: Resolution Trust Corporation.

ACTION: Publication of semiannual agenda of regulations.

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SUMMARY: The Resolution Trust Corporation (RTC) is hereby publishing 
items for the April 1995 regulatory agenda. The agenda contains 
information about the RTC's current and completed rulemakings.

FOR FURTHER INFORMATION CONTACT: Persons identified under regulations 
listed in the agenda. Except as indicated, the address for all staff 
identified in the agenda is Resolution Trust Corporation, 801 17th 
Street NW., Washington, DC 20434-0001.

SUPPLEMENTARY INFORMATION: The RTC was created on August 9, 1989, as an 
instrumentality of the United States by title V of the Financial 
Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA). 
Under FIRREA, the RTC was given powers to adopt such rules, 
regulations, standard policies, procedures, guidelines, and statements 
as the Corporation considers necessary or appropriate to carry out its 
mission. Twice each year, the RTC 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 the Regulatory Flexibility Act (5 U.S.C. 601 et 
seq.). Interested persons may petition the RTC for the issuance, 
amendment, or repeal of any regulations by submitting a written 
petition to the Secretary, Resolution Trust Corporation, Washington, DC 
20434. Petitioners should include complete and concise statements of 
their interest in the subject matter and why the petitions should be 
granted.

Dated: February 23, 1995.

Resolution Trust Corporation.

John M. Buckley, Jr.,

Secretary.



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RESOLUTION TRUST CORPORATION (RTC)                    Final Rule Stage
  
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5027. EMPLOYEE RESPONSIBILITIES AND CONDUCT

Legal Authority:  12 USC 1441a(n)(2); EO 12674; EO 12731

CFR Citation:  12 CFR 1605

Legal Deadline: None

Abstract: The Resolution Trust Corporation (RTC) has determined to 
follow the Office of Government Ethics Regulations (OGE) on 
Confidential and Public Financial Disclosure, Standards of Conduct and 
Post-Employment Rules as applied to Federal Employees. This action 
revokes those sections of the RTC's regulation on Employee 
Responsibilities and Conduct, which would conflict with or be 
superseded by the OGE Regulations and reaffirms those sections not in 
conflict with or superseded by the OGE Regulations.

Timetable:
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Action                            Date                      FR Cite

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Interim Final Rule              02/12/93                     58 FR 8220
Interim Final Rule Effective    02/12/93                     58 FR 8220
Interim Final Rule Comment 
Period End                      03/15/93                     58 FR 8220
Final Action                    04/00/95
Final Action Effective          05/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: Upon OGE approval and publication of the RTC's 
supplemental standards of conduct regulations, 12 CFR 1605 will be 
deleted. The RTC's supplemental standards of conduct regulations will 
be published using OGE's numbering found in Title 5. These regulations 
were to have been approved by February3, 1994. However, OGE has since 
grandfathered all agencies previous regulations until they can be 
approved under Title 5. The RTC's Supplemental Standards of Conduct 
regulations which will be found at 5 CFR 7401 can not be approved until 
OGE approves the FDIC's supplemental standards of conduct regulations. 
Since OGE grandfathered the agency's regulations, the FDIC's 
supplemental regulation has become a low priority. RTC submitted its 
draft supplement standards regulation to OGE on January 9, 1995. It is 
our understanding that OGE is going to extend the period to publish 
supplemental standards regulations through December 31, 1995 which will 
coincide with the sunset of the RTC. 12 CFR 1605 as amended will remain 
in effect through then unless OGE takes up approval of our draft 5 CFR 
7401.

Agency Contact: Donald L. Rosholt, Employee Ethics Program Manager, 
Resolution Trust Corporation, 801 17th St. NW., Washington, DC 20434, 
202 416-6952

RIN: 3205-AA20
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RESOLUTION TRUST CORPORATION (RTC)                    Final Rule Stage
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5028. CLAIMS BASED UPON ACTS OR OMISSIONS OF THE RECEIVER

Legal Authority:  12 USC 1441a(b)(4)(A); 12 USC 1441a(b)(11)(A); 12 USC 
1821(d)(1); 12 USC 1821(d)(3)(A); 12 USC 1821(d)(4)(A)

CFR Citation:  12 CFR 1635

Legal Deadline: None

Abstract: The RTC is proposing to adopt a rule setting forth procedures 
applicable to administrative claims based upon acts or omissions of the 
RTC as receiver. The rule is needed to inform potential claimants of 
the circumstances under which the RTC will consider claims based upon 
acts or omissions of the receiver to be timely filed and to clarify 
when suit may be filed on these claims. The rule will thus inform and 
remind potential claimants of the deadlines applicable to claims and 
suits based upon acts or omissions of receivers.

Timetable:
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Action                            Date                      FR Cite

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Proposed Rule                   09/22/94                    59 FR 48577
Proposed Rule Comment Period End10/24/94                    59 FR 48577
Final Action                    06/00/95
Final Action Effective          07/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Munsell St. Clair, Counsel, Resolution Trust 
Corporation, [[Page 24399]] 801 17th Street NW., Washington, DC 20434, 
202 736-3034

RIN: 3205-AA24



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RESOLUTION TRUST CORPORATION (RTC)          Completed/Longterm Actions
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5029. AFFORDABLE HOUSING DISPOSITION PROGRAM

Legal Authority:  12 USC 1441a(c)

CFR Citation:  12 CFR 1609

Legal Deadline: None

Abstract: This regulation will amend the existing regulation to conform 
it to the recently enacted amendments to the Federal Home Loan Bank Act 
(the RTC Completion Act). In addition, the regulation will clarify and 
resolve some outstanding issues relating to the marketing and sale of 
affordable housing properties.

Timetable:
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Action                            Date                      FR Cite

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Interim Final Rule              05/06/92                    57 FR 19500
Interim Final Rule Effective    05/06/92                    57 FR 19500
Interim Final Rule Comment 
Period End                      07/06/92                    57 FR 19500
Second Interim Final Rule       10/19/94                    59 FR 52669
Final Action                    12/13/94                    59 FR 64111

Small Entities Affected: Organizations

Government Levels Affected: State, Local

Agency Contact: Barry Wides, Deputy Director, Affordable Housing and 
Disposition Program, Resolution Trust Corporation, 801 17th St. NW., 
Washington, DC 20434, 202 416-7138

RIN: 3205-AA03
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RESOLUTION TRUST CORPORATION (RTC)          Completed/Longterm Actions
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5030. MINORITY- AND WOMEN-OWNED BUSINESS AND LAW FIRM PROGRAM

Legal Authority:  12 USC 1833e

CFR Citation:  12 CFR 1617

Legal Deadline: None

Abstract: The regulation augments the RTC's existing outreach program 
which ensures the inclusion of minorities and women and entities owned 
by minorities and women in RTC contracting to the maximum extent 
possible by meeting the mandates in RRIA and the RTCCA.

Timetable:
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Action                            Date                      FR Cite

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Interim Final Rule              08/10/92                    56 FR 40484
Interim Final Rule Effective    08/10/92                    56 FR 40484
Interim Final Rule Comment 
Period End                      10/09/92                    56 FR 40484
Final Action                    02/08/95                     60 FR 7660
Final Action Effective          02/08/95                     60 FR 7660

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Johnnie B. Booker, Vice President, Division of Minority 
and Women's Programs, Resolution Trust Corporation, 801 17th St. NW., 
Washington, DC 20434, 202 416-6925

RIN: 3205-AA08
______________________________________________________________________




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RESOLUTION TRUST CORPORATION (RTC)          Completed/Longterm Actions
  
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5031. SUSPENSION AND EXCLUSION OF REGISTERED CONTRACTORS AND 
RESCISSION OF CONTRACTS

Legal Authority:  12 USC 1441a(b)(10); 12 USC 1441a(b)(12); 12 USC 
1441a(p)

CFR Citation:  12 CFR 1618

Legal Deadline: None

Abstract: This regulation will provide for suspension and exclusion of 
registered contractors and rescission of contracts where contractor has 
engaged in various forms of misconduct.

Timetable:
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Action                            Date                      FR Cite

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Interim Final Rule              07/05/91                    56 FR 30836
Interim Final Rule Effective    07/05/91                    56 FR 30836
Final Action                    07/05/91                    56 FR 30836
Final Action Effective          07/05/91                    56 FR 30836
Interim Final Rule Comment 
Period End                      10/30/91                    56 FR 30836

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Martin Blumenthal, Contractor Ethics Program Manager, 
Resolution Trust Corporation, 801 17th St. NW., Washington, DC 20434, 
202 416-2029

RIN: 3205-AA09
______________________________________________________________________




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RESOLUTION TRUST CORPORATION (RTC)          Completed/Longterm Actions
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5032. MARKETING AND SELLING REAL PROPERTY ON AN INDIVIDUAL BASIS 
AND DISPOSITION OF REAL ESTATE-RELATED ASSETS

Legal Authority:  12 USC 1441a(w)(2); 12 USC 1441a(w)(3); PL 103-204, 
Sec 3(a)

CFR Citation:  12 CFR 1640

Legal Deadline: None

Abstract: RTC is adopting asset marketing regulations required by the 
RTC Completion Act. Specifically, the regulations will require 
individual marketing of real estate for 120 days and, generally, a 
marketing analysis of certain real estate and real estate-related loans 
on an individual basis. No alternatives are being considered because 
the law is specific as to what must be done. No potential costs or 
benefits are expected from the program.

Timetable:
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Action                            Date                      FR Cite

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Interim Final Rule              09/19/94                    59 FR 47790
Interim Final Rule Effective    09/19/94                    59 FR 47790
Interim Final Rule Comment 
Period End                      10/19/94                    59 FR 47790
Final Action                    11/23/94                    59 FR 60304
Final Action Effective          12/23/94                    59 FR 60304

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Joseph W. Schantz, Asset Specialist, Resolution Trust 
Corporation, 801 17th Street NW., Washington DC 20434, 202 416-7302

RIN: 3205-AA22
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RESOLUTION TRUST CORPORATION (RTC)          Completed/Longterm Actions
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5033. QUALIFICATION OF, ETHICAL STANDARDS OF CONDUCT FOR, AND 
RESTRICTIONS ON THE USE OF CONFIDENTIAL INFORMATION BY INDEPENDENT 
CONTRACTORS

Legal Authority:  12 USC 1441a

CFR Citation:  12 CFR 1606

Legal Deadline: None

Abstract: This regulation establishes the minimum qualifications, 
ethical [[Page 24400]] standards of conduct, and the restrictions on 
the use of confidential information relating to independent contractors 
who seek or contract to provide services to the Resolution Trust 
Corporation (RTC) in connection with its management resolution of 
failing and failed thrift institutions. The RTC is required by Section 
501 of the Financial Institutions Reform, Recovery, and Enforcement Act 
of 1989 (FIRREA) to promulgate regulations applicable to independent 
contractors governing conflicts of interest, ethical responsibilities, 
and the use of confidential information. The original regulations were 
established in 1989-1990. They are now being revised to correct 
technical errors and to provide clarification of issues in light of 
their application.

Timetable:
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Action                            Date                      FR Cite

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Final Action                    02/14/90                     55 FR 5346

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Thomas E. Nixon, Ethics Specialist, Resolution Trust 
Corporation, 801 17th Street NW., Washington, DC 20434, 202 416-2025

RIN: 3205-AA23
[FR Doc. 95-5218 Filed 05-05-95; 8:45 am]
BILLING CODE 6714-01-F