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


_______________________________________________________________________

Part L





Federal Deposit Insurance Corporation





_______________________________________________________________________



Semiannual Regulatory Agenda

[[Page 63460]]



FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)                           


  



_______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Ch. III

Semiannual Agenda of Regulations

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Semiannual regulatory agenda.

_______________________________________________________________________

SUMMARY: The Federal Deposit Insurance Corporation (FDIC) is hereby 
publishing items for the October 1996 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 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 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. Proposed changes to the FDIC's 
regulations as a result of CDRI will be noted in this and future 
semiannual agendas as they emerge from these reviews. The Federal 
banking regulators are the FDIC, the Office of the Comptroller of 
the Currency (OCC), the Board of Governors of the Federal Reserve 
System (FRS), and the Office of Thrift Supervision (OTS). In some 
cases, the FDIC also coordinates with the National Credit Union 
Administration (NCUA).

    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.

Jerry L. Langley,

Executive Secretary.

                                                  Prerule Stage                                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4530        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   
----------------------------------------------------------------------------------------------------------------
4531        12 CFR 357  Determination of Economically Depressed Regions...........................    3064-AB08 
4532        12 CFR 325  Capital Maintenance--Recourse Arrangements and Direct Credit Substitutes..    3064-AB31 
4533        12 CFR 340  Restrictions on Sale of Assets by the FDIC................................    3064-AB37 
4534        12 CFR 308  Program Fraud Civil Remedies..............................................    3064-AB41 
4535        12 CFR 330  Simplification of Deposit Insurance Rules.................................    3064-AB73 
4536        12 CFR 344  Recordkeeping and Confirmation Requirements for Securities Transactions...    3064-AB74 
4537        12 CFR 362  Activities and Investments of Insured State Banks.........................    3064-AB75 
4538        12 CFR 325  Capital Maintenance--Collateralized Transactions..........................    3064-AB78 
4539        12 CFR ch III  Qualification Requirements for the Recommendation or Sale of Certain                 
            Securities............................................................................    3064-AB85 
4540        12 CFR 307  Notification of Changes of Insured Status.................................    3064-AB88 
4541        12 CFR 337  Expanded Examination Cycle for Certain Small Financial Institutions.......    3064-AB90 
4542        12 CFR 360  Receivership Rules........................................................    3064-AB92 
----------------------------------------------------------------------------------------------------------------


[[Page 63461]]


                                                Final Rule Stage                                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4543        12 CFR 338  Fair Housing..............................................................    3064-AB72 
4544        12 CFR 335  Securities of Nonmember Insured Banks.....................................    3064-AB79 
4545        12 CFR 368  Sales Practices for Government Securities.................................    3064-AB83 
4546        12 CFR 327  Assessments--AADA.........................................................    3064-AB84 
4547        12 CFR 304  Forms, Instructions and Reports...........................................    3064-AB89 
4548        12 CFR 327  Assessments--SAIF Rates...................................................    3064-AB94 
----------------------------------------------------------------------------------------------------------------


                                                Long-Term Actions                                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4549        12 CFR 308  Censure, Suspension, and Debarment of Independent Public Accountants......    3064-AA64 
4550        12 CFR 327  Assessments--Assessment Base..............................................    3064-AB46 
----------------------------------------------------------------------------------------------------------------


                                                Completed Actions                                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4551        12 CFR 308  Uniform Rules of Practice and Procedure...................................    3064-AB49 
4552        12 CFR 325  Capital Maintenance; Risk-Based Capital Standards: Market Risk............    3064-AB64 
4553        12 CFR 339  Loans in Areas Having Special Flood Hazards...............................    3064-AB66 
4554        12 CFR 364  Standards of Safety and Soundness.........................................    3064-AB68 
4555        12 CFR 348  Management Official Interlocks............................................    3064-AB71 
4556        12 CFR 367  Suspension and Exclusion of Contractors and Termination of Contracts......    3064-AB76 
4557        12 CFR 324  Agricultural Loan Loss Amortization.......................................    3064-AB77 
4558        12 CFR 310  Privacy Act Regulations...................................................    3064-AB80 
4559        12 CFR 308  Applications for a Stay or Review of Actions of Bank Clearing Agencies....    3064-AB81 
4560        5 CFR 3202  Supplemental Financial Disclosure Requirements for Employees of the FDIC..    3064-AB82 
4561        12 CFR 336  Minimum Standards of Fitness for Employment with the FDIC.................    3064-AB86 
4562        12 CFR 311  Rules Governing Public Observation of Meetings of the Corporation's Board               
            of Directors (Sunshine Act Regulations)...............................................    3064-AB91 
4563        12 CFR 327  Assessments--SAIF Capitalization (Special Assessment).....................    3064-AB93 
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)              Prerule Stage


  



_______________________________________________________________________




4530. 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                           12/00/96

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

[[Page 63462]]

_______________________________________________________________________


FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)        Proposed Rule Stage


  



_______________________________________________________________________




4531. DETERMINATION OF ECONOMICALLY DEPRESSED REGIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1819; 12 USC 1823

CFR Citation:  12 CFR 357

Legal Deadline: None

Abstract: The FDIC is required by statute to consider proposals for 
direct financial assistance by SAIF members having offices located in 
economically depressed regions and meeting certain other specified 
criteria, before grounds exist for the appointment of a conservator or 
receiver. In fulfilling this mandate, the FDIC established a list of 
ten such regions in 1990 with 12 CFR 357 (55 FR 11161). In 1992, the 
FDIC published a proposal that would have updated the list of 10 
regions, but that proposal was never finalized. This rulemaking 
withdraws the 1992 proposal, and revises the regulation by providing 
the methodology that the FDIC will use to determine which regions are 
economically depressed, rather than identifying and periodically 
updating a list of regions.
This action is the result of a CDRI section 303(a) review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/18/92                    57 FR 60140
NPRM Comment Period End         02/16/93
Second NPRM                     08/06/96                    61 FR 40756
Second NPRM Comment Period End  10/07/96
Final Action                    01/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: James L. Freund, Chief, Economic Analysis Section, 
Division of Research and Statistics, Federal Deposit Insurance 
Corporation, Washington, DC 20429
Phone: 202 898-3960

RIN: 3064-AB08
_______________________________________________________________________




4532. 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 FRS, the OCC, and the OTS (``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.(cont)

Timetable:

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

Recourse/Direct Credit Substitutes  NPRM 05/25/94 (59 FR 27116)  NPRM 
Comment Period End 07/25/94

Synthesis of Credit Ratings/Recourse/Direct Credit Substitutes  NPRM 
02/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: ABSTRACT CONT: A second NPRM combining the 
issues raised in the ANPRM on credit ratings, and the NPRM on recourse 
and direct credit substitutes, is anticipated in February 1997.

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
_______________________________________________________________________




4533. 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                            11/00/96

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
_______________________________________________________________________




4534. 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                            10/00/96

[[Page 63463]]

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: 202 898-3854

RIN: 3064-AB41
_______________________________________________________________________




4535.  SIMPLIFICATION OF DEPOSIT INSURANCE RULES

Priority:  Substantive, Nonsignificant

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

CFR Citation:  12 CFR 330

Legal Deadline: None

Abstract: One of the FDIC's projects in its Strategic Plan is to 
simplify the deposit insurance rules to promote public understanding of 
deposit insurance. This rulemaking furthers that goal. It is also 
intended to reduce regulatory burden and improve efficiency pursuant to 
the provisions of section 303(a) of CDRI.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           05/22/96                    61 FR 25596
ANPRM Comment Period End        08/20/96
NPRM                            02/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Joseph A. DiNuzzo, Senior Counsel, Legal Division, 
Federal Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-7349

RIN: 3064-AB73
_______________________________________________________________________




4536.  RECORDKEEPING AND CONFIRMATION REQUIREMENTS FOR 
SECURITIES TRANSACTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1817 to 1819

CFR Citation:  12 CFR 344

Legal Deadline: None

Abstract: The FDIC is seeking comment on a number of issues that have 
been concerning its recordkeeping and confirmation requirements for 
securities transactions. The agency's current regulation was adopted in 
1979 and has remained essentially unchanged since that time.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           05/24/96                    61 FR 26135
ANPRM Comment Period End        06/24/96
NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: John Harvey, Review Examiner (Trust), Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429
Phone: 202 898-6762 Curtis Vaughn, Examination Specialist, Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429
Phone: 202 898-6759

RIN: 3064-AB74
_______________________________________________________________________




4537.  ACTIVITIES AND INVESTMENTS OF INSURED STATE BANKS

Priority:  Substantive, Nonsignificant

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

CFR Citation:  12 CFR 362

Legal Deadline: None

Abstract: In general, part 362 prohibits insured state banks from 
undertaking activities that are not permitted for national banks, with 
some exceptions that are granted through an application process. This 
rulemaking eliminates certain application requirements and substitutes 
notice requirements for them, for banks meeting specified criteria.
This action is the result of a CDRI section 303(a) review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/23/96                    61 FR 43486
NPRM Comment Period End         10/22/96
Final Action                    04/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Shirley K. Basse, Review Examiner, Division of 
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-6815

RIN: 3064-AB75
_______________________________________________________________________




4538.  CAPITAL MAINTENANCE--COLLATERALIZED 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; 12 USC 4808; PL 
102-233; PL 102-242

CFR Citation:  12 CFR 325

Legal Deadline: None

Abstract: This rule was developed in consultation with the OCC, the 
FRS, and the OTS (Agencies). It amends FDIC's risk-based capital 
standards to make the standards uniform with the Agencies' treatments 
for transactions supported by collateral. The effect of the proposal is 
to allow banks to hold less capital for certain transactions 
collateralized by cash or qualifying securities.
This action is the result of a CDRI section 303(a) review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/16/96                    61 FR 42565
NPRM Comment Period End         10/15/96
Final Action                    03/00/97

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-AB78
_______________________________________________________________________




4539.  QUALIFICATION REQUIREMENTS FOR THE RECOMMENDATION OR SALE 
OF CERTAIN SECURITIES

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1818; 12 USC 1831

CFR Citation:  12 CFR ch III

Legal Deadline: None

Abstract: This rulemaking is sponsored jointly by the OCC, the FRS, and 
the FDIC. It establishes qualifications for those banks that sell 
certain securities directly to retail customers through their employees 
without having to register as a broker under the Securities Exchange 
Act. More particularly, this action establishes filing requirements for 
banks, and registration, testing, and

[[Page 63464]]

continuing education requirements for bank securities representatives 
consistent with the professional qualification requirements for broker-
dealers and registered representatives under the Securities Exchange 
Act and rules thereunder, and the rules of the securities self-
regulatory organizations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Curtis Vaughn, Examination Specialist, Division of 
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-6759

RIN: 3064-AB85
_______________________________________________________________________




4540.  NOTIFICATION OF CHANGES OF INSURED STATUS

Priority:  Info./Admin./Other

Legal Authority:  12 USC 1818; 12 USC 1819

CFR Citation:  12 CFR 307

Legal Deadline: None

Abstract: This rulemaking clarifies reporting and disclosure 
requirements already applicable to insured depository institutions. It 
implements the results of a CDRI section 303(a) review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Rodney D. Ray, Counsel, Legal Division, Federal Deposit 
Insurance Corporation, Washington, DC 20429
Phone: 202 898-3556

RIN: 3064-AB88
_______________________________________________________________________




4541.  EXPANDED EXAMINATION CYCLE FOR CERTAIN SMALL FINANCIAL 
INSTITUTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1820

CFR Citation:  12 CFR 337

Legal Deadline: None

Abstract: This regulatory action, which is jointly sponsored by the 
FRS, the OTS, the OCC, and the FDIC, increases the size limitation of 
2-rated institutions eligible to be examined on an expanded, 18-month 
cycle. The purpose of this action is to permit the banking agencies to 
focus their resources on the segment of the banking and thrift industry 
that pose the greater immediate supervisory risk, while reducing the 
regulatory burden on smaller, well-run institutions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 3064-AB90
_______________________________________________________________________




4542.  RECEIVERSHIP RULES

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1819 to 1821

CFR Citation:  12 CFR 360

Legal Deadline: None

Abstract: This rulemaking establishes uniform rules governing the 
payment and priority of post-insolvency interest payments from all 
receiverships administered by the FDIC and makes other technical and 
clarifying changes to part 360.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Rodney D. Ray, Counsel, Federal Deposit Insurance 
Corporation, Washington, DC 20429
Phone: 202 898-3556

RIN: 3064-AB92
_______________________________________________________________________


FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)           Final Rule Stage


  



_______________________________________________________________________




4543. FAIR HOUSING

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1817 to 1820; 12 USC 2801; 15 USC 1691; 42 USC 
3605; 42 USC 3608

CFR Citation:  12 CFR 338

Legal Deadline: None

Abstract: This regulatory action removes the substitute fair housing 
recordkeeping and monitoring requirements that the FDIC had imposed in 
place of those contained in the FRS's Regulation B, and replaces them 
with a cross-reference to Regulation B. Similarly, the action removes a 
requirement that insured state nonmember banks maintain a home 
application register in accordance with the FRS's Regulation C, and 
replaces it with a cross-reference to Regulation C. Regulations B and C 
implement the Equal Credit Opportunity Act and the Home Mortgage 
Disclosure Act, respectively. This action also clarifies certain 
nondiscriminatory advertising requirements with regard to placement and 
display of the Equal Housing Lending poster. The intended effect of 
these amendments is to reduce burden and to conform the FDIC's fair 
housing regulations with those of the other Federal bank and thrift 
regulatory agencies.
This action is the result of a CDRI section 303(a) review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/20/96                    61 FR 49420
NPRM Comment Period End         11/19/96
Final Action                    05/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Michael R. Evans, Fair Lending Analyst, Division of 
Compliance and Consumer Affairs, Federal Deposit Insurance Corporation, 
Washington, DC 20429

[[Page 63465]]

Phone: 202 942-3091

RIN: 3064-AB72
_______________________________________________________________________




4544.  SECURITIES OF NONMEMBER INSURED BANKS

Priority:  Info./Admin./Other

Legal Authority:  15 USC 78l(i)

CFR Citation:  12 CFR 335

Legal Deadline: None

Abstract: This rulemaking replaces the FDIC's current regulations, 
which duplicate the regulations of the Securities and Exchange 
Commission (SEC), with a cross-reference to the corresponding 
regulations of the SEC. While this change does not affect the filing 
requirements, it greatly simplifies their presentation.
This action is the result of a CDRI section 303(a) review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/28/96                    61 FR 33696
NPRM Comment Period End         09/26/96
Final Action                    10/00/96

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
Phone: 202 898-8921

RIN: 3064-AB79
_______________________________________________________________________




4545.  SALES PRACTICES FOR GOVERNMENT SECURITIES

Priority:  Substantive, Nonsignificant

Legal Authority:  15 USC 78o-5

CFR Citation:  12 CFR 368

Legal Deadline: None

Abstract: This joint rulemaking by the OCC, the FRS, and the FDIC 
establishes standards concerning recommendations to customers and the 
conduct of business by banks that are government securities brokers or 
dealers. It defines a Business Conduct Rule, a Suitability Rule, and a 
Suitability Interpretation. This rule is substantially identical to the 
National Association of Securities Dealers' rules governing the sales 
of government securities by non-bank brokers or dealers.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/25/96                    61 FR 18470
NPRM Comment Period End         06/24/96
Final Action                    11/00/96

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-AB83
_______________________________________________________________________




4546.  ASSESSMENTS--AADA

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1441; 12 USC 1815; 12 USC 1817 to 1819

CFR Citation:  12 CFR 327

Legal Deadline: None

Abstract: Recent merger transactions and branch sale cases have 
revealed weaknesses in the FDIC's procedures for attributing deposits 
to the two deposit insurance funds and for computing the growth of the 
amounts so attributed. This rulemaking repairs those weaknesses. It 
also simplifies and clarifies the existing assessment regulations by 
making changes in nomenclature.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/03/96                    61 FR 34751
NPRM Comment Period End         09/03/96
Final Action                    03/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Allan K. Long, Assistant Director, Division of Finance, 
Federal Deposit Insurance Corporation, Washington, DC 20429
Phone: 703 516-5559 Stephen Ledbetter, Chief, Assessments Evaluation 
Section, Division of Finance, Federal Deposit Insurance Corporation, 
Washington, DC 20429
Phone: 202 898-8658

RIN: 3064-AB84
_______________________________________________________________________




4547.  FORMS, INSTRUCTIONS AND REPORTS

Priority:  Info./Admin./Other

Legal Authority:  12 USC 1817

CFR Citation:  12 CFR 304

Legal Deadline: None

Abstract: This regulation provides the public with information about 
the contents and availability of certain forms required by the FDIC. 
This regulatory action removes outdated information from the 
regulation, streamlines it so that only current information of interest 
to the public is included, and generally updates the contents.
This action is the result of a CDRI section 303(a) review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Steven F. Hanft, Assistant Executive Secretary, Office 
of the Executive Secretary, Federal Deposit Insurance Corporation, 
Washington, DC 20429
Phone: 202 898-3907

RIN: 3064-AB89
_______________________________________________________________________




4548.  ASSESSMENTS--SAIF RATES

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1441; 12 USC 1813; 12 USC 1815; 12 USC 1817 to 
1819; PL 104-208

CFR Citation:  12 CFR 327

Legal Deadline:  Final, Statutory, January 1, 1997.

Abstract: This rulemaking lowers the rates paid to the Savings 
Association Insurance Fund (SAIF), widens the spread between the 
highest and lowest and rates, and makes other changes in the SAIF rate 
schedule, in order to improve the effectiveness of the risk-based 
assessment program.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/16/96                    61 FR 53867
NPRM Comment Period End         11/15/96
Final Action                    12/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Allan Long, Assistant Director, Division of Finance, 
Federal Deposit Insurance Corporation, Washington, DC 20429

[[Page 63466]]

Phone: 202 416-6991

RIN: 3064-AB94
_______________________________________________________________________


FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)          Long-Term Actions


  



_______________________________________________________________________




4549. 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
_______________________________________________________________________




4550. 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


  



_______________________________________________________________________




4551. UNIFORM RULES OF PRACTICE AND PROCEDURE

Priority:  Info./Admin./Other

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

CFR Citation:  12 CFR 308

Legal Deadline: None

Abstract: The OCC, the FRS, the OTS, the NCUA, and the FDIC 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                    05/06/96                    61 FR 20344
Final Action Effective          06/05/96

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
_______________________________________________________________________




4552. 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 OCC, the FRS, and the FDIC are jointly amending their 
risk-based capital requirements to incorporate a measure for market 
risk. The rule implements an amendment to the Basle Capital Accord that 
sets forth a supervisory framework for measuring market risk. The 
effect of the final rule is that any bank or bank holding company 
regulated by the OCC, the FRS, or the FDIC, with significant exposure 
to market risk must measure that risk using its own internal value-at-
risk model, subject to certain parameters, and hold a commensurate 
amount of capital.
Please note that, although the final regulation is effective as of 1/1/
97, compliance is not mandatory until 1/1/98.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/25/95                    60 FR 38082
NPRM Comment Period End         09/18/95
NPRM (Backtesting)              03/07/96                     61 FR 9114
Final Action                    09/06/96                    61 FR 47358
Final Action Effective          01/01/97

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
_______________________________________________________________________




4553. 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, FRS, FDIC, OTS, and NCUA are jointly sponsoring this 
regulatory action regarding loans in areas having special flood 
hazards. This regulation implements the requirements contained in the 
National Flood Insurance Reform Act of 1994.
This action is the result of a CDRI section 303(a) review.

[[Page 63467]]



Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/18/95                    60 FR 53962
NPRM Comment Period End         12/18/95
Final Action                    08/29/96                    61 FR 45684
Final Action Effective          10/01/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: James K. Baebel, Senior Review Examiner, Division of 
Consumer Affairs, Federal Deposit Insurance Corporation, Washington, DC 
24029
Phone: 202 942-3086

RIN: 3064-AB66
_______________________________________________________________________




4554. 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 OCC, the FRS, and the OTS 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                    08/27/96                    61 FR 43948
Final Action Effective          10/01/96

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
_______________________________________________________________________




4555. MANAGEMENT OFFICIAL INTERLOCKS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1823; 12 USC 3201; 12 USC 3207

CFR Citation:  12 CFR 348

Legal Deadline: None

Abstract: This proposal conforms the interlock rules to recent 
statutory changes, modernizes and clarifies the rules, and reduces 
unnecessary regulatory burdens where feasible.
This action is the result of a CDRI section 303(a) review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/29/95                    60 FR 67424
NPRM Comment Period End         02/27/96
Final Action                    08/02/96                    61 FR 40293
Final Action Effective          10/01/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 3064-AB71
_______________________________________________________________________




4556.  SUSPENSION AND EXCLUSION OF CONTRACTORS AND TERMINATION 
OF CONTRACTS

Priority:  Info./Admin./Other

Legal Authority:  12 USC 1819; 12 USC 1822

CFR Citation:  12 CFR 367

Legal Deadline: None

Abstract: This interim final rule sets forth procedures for suspension 
and exclusion of contractors that have violated the FDIC's regulations 
at 12 CFR 366 governing contractor conflicts of interest and standards 
of competence, experience, fitness, and integrity. This rule applies to 
FDIC contractors, subcontractors, key employees, management officials, 
and affiliated business entities of FDIC contractors; it is designed to 
inform covered parties of their rights to notice and an opportunity to 
be heard regarding FDIC suspension and exclusion actions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Interim final rule; 
comments due 09/03/96           07/05/96                    61 FR 35115
Final Action Effective          07/05/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Richard M. Handy, Assistant Executive Secretary 
(Ethics), Federal Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-7271

RIN: 3064-AB76
_______________________________________________________________________




4557.  AGRICULTURAL LOAN LOSS AMORTIZATION

Priority:  Info./Admin./Other

Legal Authority:  12 USC 1823

CFR Citation:  12 CFR 324

Legal Deadline: None

Abstract: Part 324 of the FDIC's regulations was promulgated in 1987 to 
provide capital forbearance during a farm credit crisis. Part 324 will 
become obsolete on December 31, 1998, as the special loss amortization 
period may not exceed seven years and only losses taken prior to 1991 
may be amortized under this program. This rulemaking amends the 
existing rule by incorporating an explicit sunset provision to remove 
the rule when it becomes obsolete.
This action is the result of a CDRI section 303(a) review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/01/96                    61 FR 33842
Final Action Effective          01/01/99

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-AB77
_______________________________________________________________________




4558.  PRIVACY ACT REGULATIONS

Priority:  Info./Admin./Other

Legal Authority:  5 USC 552a; 12 USC 1819

CFR Citation:  12 CFR 310

[[Page 63468]]

Legal Deadline: None

Abstract: This rulemaking updates the FDIC's Privacy Act regulations 
and brings them into conformity with recent court decisions. This 
action is the result of a CDRI section 303(a) review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/23/96                    61 FR 43418
Final Action Effective          08/23/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Dianne M. Salva, Senior Attorney, Office of the 
Executive Secretary, Federal Deposit Insurance Corporation, Washington, 
DC 20429
Phone: 202 898-3819

RIN: 3064-AB80
_______________________________________________________________________




4559.  APPLICATIONS FOR A STAY OR REVIEW OF ACTIONS OF BANK 
CLEARING AGENCIES

Priority:  Info./Admin./Other

Legal Authority:  5 USC 504; 5 USC 554 to 557; 12 USC 93; 12 USC 164; 
12 USC 505; 12 USC 1817; 12 USC 1818; 12 USC 1821; 12 USC 1831; 12 USC 
1972; 12 USC 3102; 12 USC 3108; 15 USC 78

CFR Citation:  12 CFR 308; 12 CFR 342

Legal Deadline: None

Abstract: This rulemaking deletes part 342 of the FDIC's regulations 
and replaces it with new, more concise provisions at Subpart S of Part 
308 (Rules of Practice and Procedure). These changes streamline the 
FDIC's regulations while maintaining uniformity among the banking 
agencies and the Securities and Exchange Commission, pursuant to 
section 303(a) of CDRI.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    09/13/96                    61 FR 48402
Final Action Effective          10/15/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: John F. Harvey, Review Examiner (Trust), Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429
Phone: 202 898-6762

RIN: 3064-AB81
_______________________________________________________________________




4560.  SUPPLEMENTAL FINANCIAL DISCLOSURE REQUIREMENTS FOR 
EMPLOYEES OF THE FDIC

Priority:  Info./Admin./Other

Legal Authority:  5 USC 7301

CFR Citation:  5 CFR 3202

Legal Deadline: None

Abstract: The FDIC, with the concurrence of the Office of Government 
Ethics, is removing an interim supplemental financial disclosure 
regulation for employees. The substance of the eliminated regulation 
will continue to be enforced through an internal written procedure that 
existed before the regulation was established.
This action is the result of a CDRI section 303(a) review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    09/30/96                    61 FR 50947
Final Action Effective          10/30/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Richard M. Handy, Assistant Executive Secretary 
(Ethics), Office of the Executive Secretary, Federal Deposit Insurance 
Corporation, Washington, DC 20429
Phone: 202 898-7271

RIN: 3064-AB82
_______________________________________________________________________




4561.  MINIMUM STANDARDS OF FITNESS FOR EMPLOYMENT WITH THE FDIC

Priority:  Info./Admin./Other

Legal Authority:  5 USC 7301; 12 USC 1819

CFR Citation:  12 CFR 336

Legal Deadline:  Final, Statutory, June 18, 1994.

Abstract: This regulation implements the requirements contained in 
section 19 of the Resolution Trust Corporation Completion Act, which 
prohibits certain persons from becoming employed by or providing 
services to the FDIC.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/15/96                     61 FR 5956
NPRM Comment Period End         03/15/96
Final Action                    06/06/96                    61 FR 28725
Final Action Effective          07/08/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Joy Crosser, Personnel Management Specialist, Division 
of Administration, Federal Deposit Insurance Corporation, Washington, 
DC 20429
Phone: 202 942-3314

RIN: 3064-AB86
_______________________________________________________________________




4562.  RULES GOVERNING PUBLIC OBSERVATION OF MEETINGS OF THE 
CORPORATION'S BOARD OF DIRECTORS (SUNSHINE ACT REGULATIONS)

Priority:  Info./Admin./Other

Legal Authority:  5 USC 552b; 12 USC 1819

CFR Citation:  12 CFR 311

Legal Deadline: None

Abstract: This regulatory action updates the FDIC's Sunshine Act 
regulations. It is the result of a CDRI section 303(a) review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/24/96                    61 FR 38356
Final Action Effective          07/24/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Leneta G. Gregorie, Counsel and Special Assistant, 
Office of the Executive Secretary, Federal Deposit Insurance 
Corporation, Washington, DC 20429
Phone: 202 898-3719

RIN: 3064-AB91
_______________________________________________________________________




4563.  ASSESSMENTS--SAIF CAPITALIZATION (SPECIAL ASSESSMENT)

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1441; 12 USC 1813; 12 USC 1815; 12 USC 1817 to 
1819; PL 104-208

CFR Citation:  12 CFR 327

Legal Deadline:  Final, Statutory, October 1, 1996.

Abstract: This rulemaking imposes a special assessment on SAIF-insured 
institutions in orders to increase the SAIF's net worth to 1.25 percent 
of SAIF-insured deposits.

[[Page 63469]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Effective          10/08/96
Final Action                    10/16/96                    61 FR 53834

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stephen Ledbetter, Chief, Assessments Evaluation 
Section, Division of Insurance, Federal Deposit Insurance Corporation, 
Washington, DC 20429
Phone: 202 898-8658

RIN: 3064-AB93
[FR Doc. 96-24934 Filed 11-27-96; 8:45 am]
BILLING CODE 6714-01-F