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


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Part LIII





Federal Deposit Insurance Corporation





_______________________________________________________________________



Semiannual Regulatory Agenda

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 October 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 Riegle 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 section 
303 of 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.

Dated: September 15, 1995.

Federal Deposit Insurance Corporation.

Jerry L. Langley,

Executive Secretary.

                                                  Prerule Stage                                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4540        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   
----------------------------------------------------------------------------------------------------------------
4541        12 CFR 325  Capital Maintenance--Recourse Arrangements and Direct Credit Substitutes..    3064-AB31 
4542        12 CFR 340  Restrictions on Sale of Assets by the FDIC................................    3064-AB37 
4543        12 CFR 308  Program Fraud Civil Remedies..............................................    3064-AB41 
4544        12 CFR 353  Reports of Apparent Crimes Affecting Insured Nonmember Banks..............    3064-AB63 
4545        12 CFR 339  Loans in Areas Having Special Flood Hazards...............................    3064-AB66 
4546        12 CFR 360  Receivership Rules........................................................    3064-AB69 
----------------------------------------------------------------------------------------------------------------


                                                Final Rule Stage                                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4547        12 CFR 359  Golden Parachute and Indemnification Payments.............................    3064-AB11 
4548        12 CFR 366  Contractor Ethics.........................................................    3064-AB39 
4549        12 CFR 363  Independent Audits and Reporting Requirements.............................    3064-AB47 
4550        12 CFR 308  Uniform Rules of Practice and Procedure...................................    3064-AB49 
4551        12 CFR 325  Capital Maintenance--OECD Countries.......................................    3064-AB54 
4552        12 CFR 346  Foreign Banks.............................................................    3064-AB62 
4553        12 CFR 325  Capital Maintenance; Risk-Based Capital Standards: Market Risk............    3064-AB64 
4554        12 CFR 309  Disclosure of Information.................................................    3064-AB67 
4555        12 CFR 364  Standards of Safety and Soundness.........................................    3064-AB68 
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                                                Long-Term Actions                                               
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                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
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4556        12 CFR 308  Censure, Suspension, and Debarment of Independent Public Accountants......    3064-AA64 
4557        12 CFR 354  Deposit Liabilities.......................................................    3064-AA92 
4558        12 CFR 357  Determination of Economically Depressed Regions...........................    3064-AB08 
4559        12 CFR 327  Assessments--Assessment Base..............................................    3064-AB46 
----------------------------------------------------------------------------------------------------------------


                                                Completed Actions                                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4560        5 CFR 2635  Supplemental Requirements for Standards of Conduct........................    3064-AA08 
4561        12 CFR 303  Standards for Safety and Soundness........................................    3064-AB13 
4562        12 CFR 325  Capital Maintenance--Interest Rate Risk...................................    3064-AB22 
4563        12 CFR 360  Receivership Rules--National Depositor Preference.........................    3064-AB25 
4564        12 CFR 345  Community Reinvestment....................................................    3064-AB27 
4565        12 CFR 325  Capital Maintenance--Risk-Based Capital Standards; Derivative Transactions    3064-AB43 
4566        12 CFR 339  Flood Hazard Insurance....................................................    3064-AB51 
4567        12 CFR 308  Uniform Rules of Practice and Procedure...................................    3064-AB52 
4568        12 CFR 325  Capital Maintenance--Small Business Obligations Transferred With Recourse.    3064-AB57 
4569        12 CFR 327  Assessments--BIF Rate Schedule............................................    3064-AB58 
4570        12 CFR 327  Assessments--SAIF Rate Schedule...........................................    3064-AB59 
4571        12 CFR 325  Capital Maintenance--PMSRs/OMSRs..........................................    3064-AB61 
4572        12 CFR 327  Assessments...............................................................    3064-AB65 
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FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)              Prerule Stage
  
  
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4540. ELIGIBILITY FOR DEPOSIT INSURANCE; BEING ENGAGED IN THE 
BUSINESS OF RECEIVING DEPOSITS OTHER THAN TRUST FUNDS AND RELATED ITEMS

Priority:  Substantive, Nonsignificant

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                           12/00/95

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
Phone: 202 898-6919

RIN: 3064-AB40
_______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)        Proposed Rule Stage
  
  
_______________________________________________________________________
  
4541. CAPITAL MAINTENANCE--RECOURSE ARRANGEMENTS AND DIRECT CREDIT 
SUBSTITUTES

Priority:  Substantive, Nonsignificant

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 02/00/96

Recourse/Direct Credit Substitutes  NPRM 05/25/94 (59 FR 27116)  NPRM 
Comment Period End 07/25/94  Final Action 06/00/96

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
Phone: 202 898-8906

RIN: 3064-AB31
_______________________________________________________________________

4542. RESTRICTIONS ON SALE OF ASSETS BY THE FDIC

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1819; PL 103-204

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                            11/00/95

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
Phone: 202 898-6879

RIN: 3064-AB37
_______________________________________________________________________

4543. PROGRAM FRAUD CIVIL REMEDIES

Priority:  Substantive, Nonsignificant

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                            11/00/95

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 3064-AB41
_______________________________________________________________________

4544.  REPORTS OF APPARENT CRIMES AFFECTING INSURED 
NONMEMBER BANKS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 248; 12 USC 625; 12 USC 1818; 12 USC 1844; 12 
USC 1881 to 1884; 12 USC 3401 to 3422

CFR Citation:  12 CFR 353

Legal Deadline: None

Abstract: This regulatory action implements a new interagency 
suspicious activity referral process and updates and clarifies various 
portions of the underlying reporting regulation. It reduces the 
reporting burden while enhancing access to such information by both the 
federal law enforcement and the federal financial institutions 
supervisory agencies.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/14/95                    60 FR 47719
NPRM Comment Period End         11/13/95
Final Action                    06/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Carol A. Mesheske, Chief, Special Activities Section, 
Division of Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-6750

RIN: 3064-AB63
_______________________________________________________________________

4545.  LOANS IN AREAS HAVING SPECIAL FLOOD HAZARDS

Priority:  Substantive, Nonsignificant

Legal Authority:  PL 103-325

CFR Citation:  12 CFR 339

Legal Deadline: None

Abstract: The OCC, FRB, FDIC, OTS, and NCUA are jointly sponsoring this 
regulatory action regarding loans in areas having special flood 
hazards. This regulation is required by CDRI.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/18/95                    60 FR 53962
NPRM Comment Period End         12/18/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mark Mellon, Senior Attorney, Federal Deposit Insurance 
Corporation, Washington, DC 24029
Phone: 202 898-3854

RIN: 3064-AB66
_______________________________________________________________________

4546.  RECEIVERSHIP RULES

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1821; PL 101-73

CFR Citation:  12 CFR 360

Legal Deadline: None

Abstract: This rulemaking defines (1) spot and other short-term foreign 
exchange agreements and (2) repurchase agreements on qualified foreign 
government securities to be qualified financial contracts ``QFCs'' 
under the FDI Act, 12 USC 1811 et seq. The promulgation of this rule is 
not intended to exclude other agreements which otherwise may qualify as 
QFCs. The FDI Act provides special rules for the treatment of QFCs in 
the event that the FDIC is appointed receiver or conservator for an 
insured depository institution in default. Parties to QFCs are 
permitted to liquidate, terminate, and net their agreements.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/21/95                    60 FR 48935
NPRM Comment Period End         11/20/95
Final Action                    05/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Sharon Powers Silvertsen, Assistant General Counsel, 
Legal Division, Federal Deposit Insurance Corporation, Washington, DC 
20429
Phone: 202 736-0112

RIN: 3064-AB69
_______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)           Final Rule Stage
  
  
_______________________________________________________________________
  
4547. GOLDEN PARACHUTE AND INDEMNIFICATION PAYMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1828

CFR Citation:  12 CFR 359

Legal Deadline: None

Abstract: This rulemaking limits golden parachute and indemnification 
payments made to institution-affiliated parties by depository 
institutions and depository institution holding companies. The 
limitations apply to insured depository institutions in a troubled 
condition, and to affiliated depository institution holding companies 
either if the holding company itself is troubled, or if it seeks to 
make a golden parachute payment to an institution-affiliated party of a 
troubled subsidiary insured depository institution.

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                    12/00/95

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
Phone: 202 898-3872

RIN: 3064-AB11
_______________________________________________________________________

4548. CONTRACTOR ETHICS

Priority:  Other

Legal Authority:  12 USC 1819; 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. The rule is required by the 
Resolution Trust Corporation Completion Act of 1993.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/24/94                    59 FR 32661
NPRM Comment Period End         08/23/94
Final Action                    11/00/95

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 3064-AB39
_______________________________________________________________________

4549. INDEPENDENT AUDITS AND REPORTING REQUIREMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1831; PL 103-325

CFR Citation:  12 CFR 363

Legal Deadline: None

Abstract: This regulatory action implements section 314 of the CDRI. It 
provides relief from certain duplicative reporting requirements for 
sound, well-managed institutions with over $9 billion in assets which 
are subsidiaries of multibank holding companies. It also provides that 
the FDIC will notify a large insured institution in writing if it 
decides a review by an independent public accountant of the 
institution's quarterly financial reports is required. This regulatory 
action also includes several minor technical amendments to the 
guidelines and interpretations concerning compliance with the audit 
requirements.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/15/95                     60 FR 8583
NPRM Comment Period End         04/17/95
Final Action                    10/00/95

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
Phone: 202 898-8905

RIN: 3064-AB47
_______________________________________________________________________

4550. UNIFORM RULES OF PRACTICE AND PROCEDURE

Priority:  Substantive, Nonsignificant

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                            06/23/95                    60 FR 32882
NPRM Comment Period End         08/22/95
Final Action                    02/00/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 3064-AB49
_______________________________________________________________________

4551. CAPITAL MAINTENANCE--OECD COUNTRIES

Priority:  Substantive, Nonsignificant

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                    12/00/95

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
Phone: 202 898-8904

RIN: 3064-AB54
_______________________________________________________________________

4552.  FOREIGN BANKS

Priority:  Substantive, Nonsignificant

Legal Authority:  PL 103-328

CFR Citation:  12 CFR 346

Legal Deadline:  Final, Statutory, September 29, 1995.

Abstract: This rulemaking implements section 107 of the Riegle-Neal 
Interstate Banking and Branching Efficiency Act of 1994 (PL 103-328), 
which provides that the FDIC restrict the amounts and types of initial 
deposits of less than $100,000 which could be accepted by an uninsured 
state-licensed branch of a foreign bank. This rulemaking is intended to 
afford equal competitive opportunity to foreign and domestic banks.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/13/95                    60 FR 36074
NPRM Comment Period End         09/11/95
Final Action                    10/00/95

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
Phone: 202 898-6850

RIN: 3064-AB62
_______________________________________________________________________

4553.  CAPITAL MAINTENANCE; RISK-BASED CAPITAL STANDARDS: 
MARKET RISK

Priority:  Substantive, Nonsignificant

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

CFR Citation:  12 CFR 325

Legal Deadline: None

Abstract: The Office of the Comptroller of the Currency, the Federal 
Reserve System, and the FDIC are jointly amending their risk-based 
capital requirements to incorporate a measure for market risk. The 
amendments generally apply only to institutions that have (1) total 
assets exceeding $5 billion and either on-balance-sheet trading 
activities representing at least 3 percent of total assets or a volume 
of off-balance-sheet trading activities with notional amounts exceeding 
$5 billion, or (2) total assets of $5 billion or less and a volume of 
trading activities representing at least 10% of total assets. Capital 
charges for market risk will be calculated by such institutions using 
either their own internal value-at-risk model(s), or, alternatively, 
risk measurement techniques developed by supervisors. The effect of 
this measure is to require certain institutions to hold hold capital 
based on the measure of their market risk exposure.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/25/95                    60 FR 38082
NPRM Comment Period End         09/18/95
Final Action                    04/30/96

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
Phone: 202 898-6972

RIN: 3064-AB64
_______________________________________________________________________

4554.  DISCLOSURE OF INFORMATION

Priority:  Other

Legal Authority:  5 USC 552

CFR Citation:  12 CFR 309

Legal Deadline: None

Abstract: This rulemaking accommodates changes in the organizational 
structure of the FDIC, provides clearer guidance to requesters of 
information on how to obtain records under the Freedom of Information 
Act, and allows the FDIC to charge appropriate fees for records.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/06/95                    60 FR 35148
NPRM Comment Period End         09/05/95
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Paul A. Jeddeloh, Senior Program Attorney, Office of 
the Executive Secretary, Federal Deposit Insurance Corporation, 
Washington, DC 20429
Phone: 202 898-7161

RIN: 3064-AB67
_______________________________________________________________________

4555.  STANDARDS OF SAFETY AND SOUNDNESS

Priority:  Substantive, Nonsignificant

Legal Authority:  PL 102-242; PL 103-325; 12 USC 1831p-1

CFR Citation:  12 CFR 364

Legal Deadline: None

Abstract: The FDIC, the Office of the Comptroller of the Currency, the 
Federal Reserve System, and the Office of Thrift Supervision, jointly 
proposed asset quality and earnings standards to be added to the 
Interagency Guidelines Establishing Standards for Safety and Soundness, 
appearing as an appendix to each of the agencies' standard for safety 
and soundness regulations. The agencies may require an insured 
depository institution to file a compliance plan for failure to meet 
these asset quality and earnings standards when adopted in final form.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/10/95                    60 FR 35688
NPRM Comment Period End         08/24/95
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert W. Walsh, Manager, Planning and Program 
Development, Division of Supervision, Federal Deposit Insurance 
Corporation, WAshington, DC 20429
Phone: 202 898-6911

RIN: 3064-AB68
_______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)          Long-Term Actions
  
  
_______________________________________________________________________
  
4556. CENSURE, SUSPENSION, AND DEBARMENT OF INDEPENDENT PUBLIC 
ACCOUNTANTS

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 308

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Doris L. Marsh
Phone: 202 898-8905

RIN: 3064-AA64
_______________________________________________________________________

4557. DEPOSIT LIABILITIES

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 354

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
Phone: 202 898-3734

RIN: 3064-AA92
_______________________________________________________________________

4558. DETERMINATION OF ECONOMICALLY DEPRESSED REGIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  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
Phone: 202 898-7096

RIN: 3064-AB08
_______________________________________________________________________

4559. ASSESSMENTS--ASSESSMENT BASE

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 327

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
Phone: 703 516-5546

RIN: 3064-AB46
_______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)          Completed Actions
  
  
_______________________________________________________________________
  
4560. SUPPLEMENTAL REQUIREMENTS FOR STANDARDS OF CONDUCT

Priority:  Other

Legal Authority:  5 USC app Ethics in Government Act of 1978; 12 USC 
1819; 26 USC 1043; EO 12674; EO 12731; PL 103-204

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 has published 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). This rulemaking is pursuant to section 19(a) of the Resolution 
Trust Corporation Completion Act.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/12/94                    59 FR 35480
NPRM Comment Period End         09/12/94
Final Action                    04/25/95                    60 FR 20171
Final Action Effective          05/25/95

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
Phone: 202 898-7272

RIN: 3064-AA08
_______________________________________________________________________

4561. STANDARDS FOR SAFETY AND SOUNDNESS

Priority:  Substantive, Nonsignificant

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 
regulatory action, 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                    07/10/95                    60 FR 35674
Final Action Effective          08/09/95

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
Phone: 202 898-6911

RIN: 3064-AB13
_______________________________________________________________________

4562. CAPITAL MAINTENANCE--INTEREST RATE RISK

Priority:  Substantive, Nonsignificant

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                    08/02/95                    60 FR 39490
Final Action Effective          09/01/95

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
Phone: 202 898-6972

RIN: 3064-AB22
_______________________________________________________________________

4563. RECEIVERSHIP RULES--NATIONAL DEPOSITOR PREFERENCE

Priority:  Other

Legal Authority:  12 USC 1821

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              08/13/93                    58 FR 43069
Interim Final Rule Effective 
Date                            08/13/93
Interim Final Rule Comment 
Period End                      10/12/93
Final Action                    07/10/95                    60 FR 35487
Final Action Effective          07/10/95

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 3064-AB25
_______________________________________________________________________

4564. COMMUNITY REINVESTMENT

Priority:  Substantive, Nonsignificant

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 developed 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 12 CFR 345.3 
through 345.7, and 345.51       05/04/95                    60 FR 22156
Final Action Effective          07/01/95

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
Phone: 202 898-6777

RIN: 3064-AB27
_______________________________________________________________________

4565. CAPITAL MAINTENANCE--RISK-BASED CAPITAL STANDARDS; DERIVATIVE 
TRANSACTIONS

Priority:  Substantive, Nonsignificant

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 OCC, and the FRB are amending their risk-based 
capital standards to implement a revision to the Basle Accord. The 
effect of this revision is twofold. First, long-dated interest rate and 
exchange rate contracts are subject to higher conversion factors and 
new conversion factors are set forth that specifically apply to 
derivative contracts related to equities, precious metals, and other 
commodities. Second, institutions are permitted to recognize a 
reduction in potential future credit exposure for transactions subject 
to qualifying bilateral netting arrangements.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/19/94                    59 FR 52714
NPRM Comment Period End         12/05/94
Final Action                    09/05/95                    60 FR 46170
Final Action Effective          10/01/95

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
Phone: 202 898-6972

RIN: 3064-AB43
_______________________________________________________________________

4566. FLOOD HAZARD INSURANCE

Priority:  Substantive, Nonsignificant

Legal Authority:  PL 103-325

CFR Citation:  12 CFR 339

Legal Deadline: None

Abstract: This regulatory action requires depository institutions to 
use the Standard Flood Hazard Determination Form in determining whether 
real property offered as collateral for a loan is located in a special 
flood hazard area. The FDIC's regulation was published jointly with the 
Office of the Comptroller of the Currency, the Federal Reserve System, 
the Office of Thrift Supervision, the Farm Credit Administration, and 
the National Credit Union Administration.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    07/06/95                    60 FR 35286
Final Action Effective          01/02/96

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
Phone: 202 898-3539

RIN: 3064-AB51
_______________________________________________________________________

4567. UNIFORM RULES OF PRACTICE AND PROCEDURE

Priority:  Other

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                    05/10/95                    60 FR 24761
Final Action Effective          06/09/95

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 3064-AB52
_______________________________________________________________________

4568. CAPITAL MAINTENANCE--SMALL BUSINESS OBLIGATIONS TRANSFERRED 
WITH RECOURSE

Priority:  Substantive, Nonsignificant

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

_________________________________________________________________________

Final Action Comments on this 
interim rule are due by 8/30/95.08/31/95                    60 FR 45606
Final Action Effective          08/31/95

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
Phone: 202 898-7049

RIN: 3064-AB57
_______________________________________________________________________

4569. ASSESSMENTS--BIF RATE SCHEDULE

Priority:  Substantive, Nonsignificant

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 institutions whose deposits are subject to assessment 
by the Bank Insurance Fund (``BIF''). The new schedule applies 
beginning on the first day of the month after the month in which the 
BIF achieves the designated reserve ratio (``DRR'') of 1.25 percent of 
total deposits. Further this rule widens the assessment rate spread 
from 8 basis points to 27 basis points. Finally, the rule establishes a 
procedure for adjusting the rate schedule semiannually by means of an 
adjustment factor of plus or minus 5 basis points as necessary to 
maintain the DRR at 1.25 percent.

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                    08/16/95                    60 FR 42680
Final Action Effective          09/15/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Frederick S. Carns, Chief, Financial Markets Section, 
Division of Research, Federal Deposit Insurance Corporation, 
Washington, DC 20429
Phone: 202 898-3930

RIN: 3064-AB58
_______________________________________________________________________

4570. ASSESSMENTS--SAIF RATE SCHEDULE

Priority:  Substantive, Nonsignificant

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

CFR Citation:  12 CFR 327

Legal Deadline: None

Abstract: This rule retains the existing assessment rate schedule of 
23-31 basis points, depending on risk classification, for institutions 
whose deposits are subject to assessment by the Savings ASsociation 
Insurance Fund.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/16/95                     60 FR 9266
NPRM Comment Period End         04/17/95
Final Action                    08/16/95                    60 FR 42741
Final Action Effective          09/15/95

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
Phone: 202 898-7027

RIN: 3064-AB59
_______________________________________________________________________

4571.  CAPITAL MAINTENANCE--PMSRS/OMSRS

Priority:  Substantive, Nonsignificant

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

CFR Citation:  12 CFR 325

Legal Deadline: None

Abstract: This regulatory action amends the capital adequacy standards 
for banks, bank holding companies, and savings associations to treat 
originated mortgage servicing rights (``OMSRs'') the same as purchased 
mortgage servicing rights (``PMSRs'') for regulatory capital purposes. 
The rule was developed together with the Federal Reserve System, the 
Office of the Comptroller of the Currency, and the Office of Thrift 
Supervision, in response to the Financial Accounting Standards Board's 
issuance of Statement No. 122, ``Accounting for Mortgage Servicing 
Rights,'' which eliminates the distinction between OMSRs and PMSRs by 
requiring OMSRs to be capitalized as balance sheet assets, a treatment 
previously required only for PMSRs.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    08/01/95                    60 FR 39226
Final Action Effective          08/01/95

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
Phone: 202 898-3731

RIN: 3064-AB61
_______________________________________________________________________

4572.  ASSESSMENTS

Priority:  Substantive, Nonsignificant

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

CFR Citation:  12 CFR 327

Legal Deadline: None

Abstract: This regulatory action changes assessment procedures in three 
ways. First, it delays the collection date for the first quarterly 
assessment for the first semiannual period. Second, it gives insured 
institutions the option of prepaying the first quarterly payment during 
the prior December. The FDIC's purpose in making these two changes is 
to relieve certain institutions of the regulatory burden of having to 
make an extra assessment payment in 1995, while at the same time 
affording flexibility to other institutions to make such a payment if 
they so desire. Third, the rulemaking replaces the interest rate 
applied to underpayments and overpayments of assessments with a new, 
more sensitive rate derived from the three-month Treasury bill discount 
rate, making the rate more sensitive to market conditions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/10/95                    60 FR 40776
NPRM Comment Period End         09/11/95
Final Action                    09/29/95                    60 FR 50400
Final Action Effective          09/29/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Allan Long, Assistant Director, Division of Finance, 
Federal Deposit Insurance Corporation, Washington, DC 20429
Phone: 703 516-5546

RIN: 3064-AB65
[FR Doc. 95-23626 Filed 11-24-95; 8:45 am]
BILLING CODE 6714-01-F