[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]



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Part LI



Federal Deposit Insurance Corporation



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Semiannual Regulatory Agenda

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FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)                           


  



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FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Ch. III

Semiannual Agenda of Regulations

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Semiannual regulatory agenda.

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SUMMARY: The Federal Deposit Insurance Corporation (FDIC) is hereby 
publishing items for the April 1997 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 Riegle Community Development and Regulatory Improvement Act 
of 1994 (CDRI) contains reforms that significantly restructure the 
regulation of financial institutions. As a consequence, many of the 
regulations included in this agenda are in response to 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.

Dated: February 27, 1997.

Federal Deposit Insurance Corporation.

Jerry L. Langley,

Executive Secretary.

                                               Proposed Rule Stage                                              
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                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4086        12 CFR 325  Capital Maintenance--Recourse Arrangements and Direct Credit Substitutes..    3064-AB31 
4087        12 CFR 340  Restrictions on Sale of Assets by the FDIC................................    3064-AB37 
4088        12 CFR 308  Program Fraud Civil Remedies..............................................    3064-AB41 
4089        12 CFR 330  Simplification of Deposit Insurance Rules.................................    3064-AB73 
4090        12 CFR 307  Notification of Changes of Insured Status.................................    3064-AB88 
4091        12 CFR 337  Expanded Examination Cycle for Certain Small Financial Institutions.......    3064-AB90 
4092        12 CFR 360  Receivership Rules........................................................    3064-AB92 
4093        12 CFR 361  Formal Minority- and Women-Owned Business and Law Firm Certification                    
            Program...............................................................................    3064-AB95 
4094        12 CFR 325  Capital Maintenance--Elimination of Interagency Differences...............    3064-AB96 
4095        12 CFR 369  Prohibition Against Deposit Production Offices............................    3064-AB97 
4096        12 CFR 328  Advertisement of Membership...............................................    3064-AB99 
4097        12 CFR 360  Receivership Rules--Security Interests of Federal Home Loan Banks.........    3064-AC00 
4098        12 CFR 312  Prevention of Deposit Shifting............................................    3064-AC01 
4099        12 CFR 303  Applications, Requests, Submittals, Delegations of Authority, and Notices               
            Required to be Filed by Statute or Regulation.........................................    3064-AC02 
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                                                Final Rule Stage                                                
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                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
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4100        12 CFR 357  Determination of Economically Depressed Regions...........................    3064-AB08 
4101        12 CFR 338  Fair Housing..............................................................    3064-AB72 
4102        12 CFR 362  Activities and Investments of Insured State Banks.........................    3064-AB75 
4103        12 CFR 325  Capital Maintenance--Collateralized Transactions..........................    3064-AB78 

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4104        12 CFR 342  Qualification Requirements for the Recommendation or Sale of Certain                    
            Securities............................................................................    3064-AB85 
4105        12 CFR 303  Applications, Requests, Submittals, Delegations of Authority, and Notices               
            Required To Be Filed by Statute or Regulation.........................................    3064-AC03 
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                                                Long-Term Actions                                               
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                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
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4106        12 CFR 308  Censure, Suspension, and Debarment of Independent Public Accountants......    3064-AA64 
4107        12 CFR 327  Assessments--Assessment Base..............................................    3064-AB46 
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                                                Completed Actions                                               
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                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
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4108        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 
4109        12 CFR 344  Recordkeeping and Confirmation Requirements for Securities Transactions...    3064-AB74 
4110        12 CFR 335  Securities of Nonmember Insured Banks.....................................    3064-AB79 
4111        12 CFR 368  Sales Practices for Government Securities.................................    3064-AB83 
4112        12 CFR 327  Assessments--AADA.........................................................    3064-AB84 
4113        12 CFR 304  Forms, Instructions and Reports...........................................    3064-AB89 
4114        12 CFR 327  Assessments--SAIF Rates...................................................    3064-AB94 
4115        12 CFR 350  Disclosure of Financial and Other Information by FDIC-Insured State                     
            Nonmember Banks.......................................................................    3064-AB98 
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FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)        Proposed Rule Stage


  



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4086. 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 
08/00/97

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 August 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

[[Page 22650]]

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4087. 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:
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Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/97

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
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4088. 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:
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Action                            Date                      FR Cite

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NPRM                            06/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mark A. Mellon, Counsel, Legal Division, Federal 
Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-3854

RIN: 3064-AB41
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4089. 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                            05/00/97

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
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4090. 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                            05/00/97

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
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4091. 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

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NPRM                            02/12/97                    62 FR 06449
NPRM Comment Period End         04/14/97
Final Action                    10/00/97

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
_______________________________________________________________________




4092. 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

[[Page 22651]]

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

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NPRM                            02/20/97                    62 FR 07725
NPRM Comment Period End         04/21/97
Final Action                    10/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mitchell Glassman, Deputy Director, Federal Deposit 
Insurance Corporation, Washington, DC 20429
Phone: 202 898-6525

RIN: 3064-AB92
_______________________________________________________________________




4093.  FORMAL MINORITY- AND WOMEN-OWNED BUSINESS AND LAW FIRM 
CERTIFICATION PROGRAM

Priority:  Info./Admin./Other

Legal Authority:  12 USC 1819; 12 USC 1822

CFR Citation:  12 CFR 361

Legal Deadline: None

Abstract: This rulemaking replaces the self-certification program for 
minority- and women-owned businesses wishing to do business with the 
FDIC, with a more formal program for certification. The rulemaking is 
the result of a CDRI section 303(a) review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jo-Ann Henry, Director, Office of Equal Opportunity, 
Federal Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 416-6925

RIN: 3064-AB95
_______________________________________________________________________




4094.  CAPITAL MAINTENANCE--ELIMINATION OF INTERAGENCY 
DIFFERENCES

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 1835; 12 USC 3907; 12 USC 3909; 12 USC 
4808; PL 102-242

CFR Citation:  12 CFR 325

Legal Deadline: None

Abstract: This rulemaking, jointly sponsored by the FDIC, the FRS, the 
OCC, and the OTS, resolves differences among the agencies with regard 
to the capital treatment of construction loans on presold residential 
properties, real estate loans secured by junior liens on 1-4 family 
residential properties, investments in mutual funds, and the minimum 
Tier 1 leverage capital standard. This rule is the result of a CDRI 
section 303(a) review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/97

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-AB96
_______________________________________________________________________




4095.  PROHIBITION AGAINST DEPOSIT PRODUCTION OFFICES

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1835(a); PL 103-328, sec 109

CFR Citation:  12 CFR 369

Legal Deadline: None

Abstract: This rulemaking implements section 109 of Riegle-Neal 
Interstate Banking and Branching Efficiency Act of 1994, which requires 
federal banking agencies to prescribe uniform regulations which 
prohibit a bank from using any authority under the Act to engage in 
interstate branching primarily for the purpose of deposit production.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/17/97                    62 FR 12730
NPRM Comment Period End         05/02/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Gladys Gallagher, Counsel, Federal Deposit Insurance 
Corporation, Washington, DC 20429
Phone: 202 898-3833

RIN: 3064-AB97
_______________________________________________________________________




4096.  ADVERTISEMENT OF MEMBERSHIP

Priority:  Substantive, Nonsignificant

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

CFR Citation:  12 CFR 328

Legal Deadline: None

Abstract: This regulatory action consolidates provisions relating to 
display of official signs; extends the official advertising statement 
that is currently required for insured banks to all insured depository 
institutions; streamlines exceptions to the use of the statement; 
prohibits use of the statement in advertisements concerning nondeposit 
investment products; and delegates authority to approve translations of 
the statement to certain FDIC officials. In addition, this action 
solicits comment on issues relating to advertisement of membership in 
the FDIC over a computer network such as the Internet. This action is 
the result of a CDRI section 303(a) review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/11/97                    62 FR 06142
NPRM Comment Period End         04/14/97
Final Action                    10/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Marc J. Goldstrom, Counsel, Legal Division, Federal 
Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-8807

RIN: 3064-AB99
_______________________________________________________________________




4097.  RECEIVERSHIP RULES--SECURITY INTERESTS OF FEDERAL HOME 
LOAN BANKS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1821(d)(1); 12 USC 1819; 12 USC 1823(c)(4)

CFR Citation:  12 CFR 360

Legal Deadline: None

Abstract: This regulatory action removes provisions relating to the 
security interests of Federal Home Loan Banks because federal statutory 
protections make the regulatory provisions unnecessary. This action is 
the result of a CDRI section 303(a) review.

[[Page 22652]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mitchell Glassman, Deputy Director, Division of 
Resolutions and Receiverships, Federal Deposit Insurance Corporation, 
Washington, DC 20429
Phone: 202 898-6525

RIN: 3064-AC00
_______________________________________________________________________




4098.  PREVENTION OF DEPOSIT SHIFTING

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1815; 12 USC 1819

CFR Citation:  12 CFR 312

Legal Deadline: None
The deposit shifting statute terminates on the earlier of Dec. 31, 
1999, or the date on which the last savings association ceases to 
exist.

Abstract: This regulatory action implements a new statute to prevent 
the shifting of deposits insured under the Savings Association 
Insurance Fund (SAIF) to deposits insured under the Bank Insurance Fund 
(BIF) to avoid assessments rates applicable to SAIF deposits.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/11/97                    62 FR 06139
NPRM Comment Period End         04/14/97
Final Action                    10/00/97

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 3064-AC01
_______________________________________________________________________




4099.  APPLICATIONS, REQUESTS, SUBMITTALS, DELEGATIONS OF 
AUTHORITY, AND NOTICES REQUIRED TO BE FILED BY STATUTE OR REGULATION

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 378; 12 USC 1813; 12 USC 1815; 12 USC 1816; 12 
USC 1817(j); 12 USC 1818; 12 USC 1819; 12 USC 1828; 12 USC 1831(e); 12 
USC 1831(o); 12 USC 1831(p-1); 15 USC 1607

CFR Citation:  12 CFR 303

Legal Deadline: None

Abstract: This rulemaking streamlines and updates the FDIC's 
regulations governing application procedures and delegations of 
authority. It implements the results of a CDRI section 303(a) review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Marion Thickson, Assistant Regional Director, Division 
of Supervision, Federal Deposit Insurance Corporation
Phone: 202 942-3108

RIN: 3064-AC02
_______________________________________________________________________


FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)           Final Rule Stage


  



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4100. 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                    05/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Alice Weicher, Economic Analysis Section, Division of 
Research and Statistics, Federal Deposit Insurance Corporation, 
Washington, DC 20429
Phone: 202 898-7096

RIN: 3064-AB08
_______________________________________________________________________




4101. 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

[[Page 22653]]

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
Phone: 202 942-3091

RIN: 3064-AB72
_______________________________________________________________________




4102. 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                    05/00/97

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
_______________________________________________________________________




4103. 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                    05/00/97

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
_______________________________________________________________________




4104. 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 342

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 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                            12/30/96                    61 FR 68824
NPRM Comment Period End         02/28/97
Final Action                    08/00/97

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-AB85
_______________________________________________________________________




4105.  APPLICATIONS, REQUESTS, SUBMITTALS, DELEGATIONS OF 
AUTHORITY, AND NOTICES REQUIRED TO BE FILED BY STATUTE OR REGULATION

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 378; 12 USC 1813; 12 USC 1815; 12 USC 1816; 12 
USC 1817(j); 12 USC 1818; 12 USC 1819; 12 USC 1828; 12 USC 1831(e); 12 
USC 1831(o); 12 USC 1831(p-1); 15 USC 1607

CFR Citation:  12 CFR 303

Legal Deadline: None

Abstract: This rulemaking amends the definition of ``appropriate FDIC 
regional office'' and other related terms contained in its applications 
regulation to change the way the FDIC designates the appropriate 
regional office for purposes of filing applications, requests, 
submittals, and notices.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/00/97

Small Entities Affected: None

Government Levels Affected: None

[[Page 22654]]

Agency Contact: Christopher J. Spoth, Examination Specialist, Federal 
Deposit Insurance Corporation
Phone: 202 898-6611

RIN: 3064-AC03
_______________________________________________________________________


FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)          Long-Term Actions


  



_______________________________________________________________________




4106. 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
_______________________________________________________________________




4107. 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


  



_______________________________________________________________________




4108. 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: 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 was considering a 
rulemaking to do that, but the staff review concluded that no amendment 
is needed at this time.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

End Review                      02/05/97

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 3064-AB40
_______________________________________________________________________




4109. 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                            12/24/96                    61 FR 67729
NPRM Comment Period End         01/23/97
Final Action                    03/05/97                     62 FR 9915
Final Action Effective          04/01/97

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
_______________________________________________________________________




4110. 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                    02/14/97                    62 FR 06852
Final Action Effective          01/01/98

Small Entities Affected: None

[[Page 22655]]

Government Levels Affected: None

Additional Information: These revisions are effective January 1, 1998, 
with the exception of section 335.901, which is effective July 1, 1997.

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

RIN: 3064-AB79
_______________________________________________________________________




4111. 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                    03/19/97                    62 FR 13276
Final Action Effective          07/01/97

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-AB83
_______________________________________________________________________




4112. 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                    12/10/96                    61 FR 64960
Final Action Effective          01/01/97

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
_______________________________________________________________________




4113. 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                    02/03/97                    62 FR 04895
Final Action Effective          02/03/97

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
_______________________________________________________________________




4114. 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 Effective          12/11/96
Final Action                    12/24/96                    61 FR 67687

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: 202 416-6991

RIN: 3064-AB94
_______________________________________________________________________




4115.  DISCLOSURE OF FINANCIAL AND OTHER INFORMATION BY FDIC-
INSURED STATE NONMEMBER BANKS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1817; 12 USC 1819

CFR Citation:  12 CFR 350

Legal Deadline: None

Abstract: This amendment removes obsolete references and updates and 
clarifies certain other references in the regulation. It is the result 
of a CDRI section 303(a) review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    03/06/97                    62 FR 10199
Final Action Effective          04/07/97

[[Page 22656]]

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-AB98
[FR Doc. 97-5808 Filed 04-24-97; 8:45 am]
BILLING CODE 6714-01-F