[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]



[[Page 65413]]

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Part LIV





Federal Deposit Insurance Corporation





_______________________________________________________________________



Semiannual Regulatory Agenda

[[Page 65414]]



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 (the FDIC) is 
hereby publishing items for the October 1999 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.'' 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.

     A number of the actions identified in this agenda have been 
developed following regulatory reviews required by the Riegle 
Community and Regulatory Improvement Act of 1994 (CDRI), or to 
implement other recent statutory mandates. Many of the FDIC's 
regulatory actions are coordinated with other Federal regulators of 
financial institutions, primarily 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.

 Robert E. Feldman,

Executive Secretary.

                                               Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4413         12 CFR 340 Restrictions on Sale of Assets by the FDIC..............................     3064-AB37
4414         12 CFR 308 Program Fraud Civil Remedies............................................     3064-AB41
4415         12 CFR 307 Notification of Assumption of Deposits and Change of Insured Status.....     3064-AB88
4416         12 CFR 360 Receivership Rules......................................................     3064-AB92
4417         12 CFR 361 Minority and Women Outreach Program--Contracting........................     3064-AC21
4418         12 CFR 366 Contractor Conflict of Interest.........................................     3064-AC29
4419         12 CFR 327 Assessments.............................................................     3064-AC31
----------------------------------------------------------------------------------------------------------------


                                                Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4420         12 CFR 325 Capital Maintenance -- Recourse Arrangements and Direct Credit               3064-AB31
            Substitutes.........................................................................
4421         12 CFR 325 Capital Maintenance -- Collateralized Transactions......................     3064-AB78
4422         12 CFR 342 Qualification Requirements for the Recommendation or Sale of Certain         3064-AB85
            Securities..........................................................................
4423         12 CFR 328 Advertisement of Membership.............................................     3064-AB99
4424         12 CFR 343 Insured State Nonmember Banks Which Are Municipal Securities Dealers....     3064-AC04
4425         12 CFR 325 Risk-Based Capital Standards: Claims on Securities Firms................     3064-AC17
4426         12 CFR 362 Activities of Insured State Banks and Insured Savings Associations......     3064-AC20
4427         12 CFR 339 Loans in Areas Having Special Flood Hazards.............................     3064-AC24
4428         12 CFR 360 Treatment by the FDIC as Conservator or Receiver of Financial Assets         3064-AC28
            Transferred by an Insured Depository Institution in Connection With a Securitization
            or Participation....................................................................
4429         12 CFR 308 Technical Amendments to FDIC Regulations Relating to Rules of Practice       3064-AC30
            and Procedure and Deposit Insurance Coverage........................................
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[[Page 65415]]


                                                Long-Term Actions
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                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4430         12 CFR 308 Censure, Suspension, and Debarment of Independent Public Accountants....     3064-AA64
4431         12 CFR 327 Assessments -- Assessment Base..........................................     3064-AB46
----------------------------------------------------------------------------------------------------------------


                                                Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4432         12 CFR 361 Formal Minority- and Women-Owned Business and Law Firm Certification         3064-AB95
            Program.............................................................................
4433         12 CFR 348 Management Interlocks Act...............................................     3064-AC08
4434         12 CFR 347 Foreign Activities of Insured State Nonmember Banks.....................     3064-AC15
4435         12 CFR 364 Interagency Guidelines Establishing Year 2000 Standards for Safety and       3064-AC18
            Soundness...........................................................................
4436         12 CFR 303 Filing Procedures and Delegations of Authority..........................     3064-AC22
4437         12 CFR 331 Asset and Liability Backup Program......................................     3064-AC23
----------------------------------------------------------------------------------------------------------------

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Federal Deposit Insurance Corporation (FDIC)        Proposed Rule Stage


  



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4413. 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                            09/21/99                    64 FR 51084
NPRM Comment Period End         12/20/99
Final Action                    05/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Steve Trout, Division of Resolutions and Receiverships, 
Federal Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 416-4231

RIN: 3064-AB37
_______________________________________________________________________




4414. 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 of 1993 
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                            10/00/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 3064-AB41
_______________________________________________________________________




4415. NOTIFICATION OF ASSUMPTION OF DEPOSITS AND CHANGE 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. Due 
to comments received, a second NPRM on this subject was issued rather 
than finalizing the rule proposed in May 1997. It implements the 
results of a CDRI section 303(a) review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/14/97                    62 FR 26431
NPRM Comment Period End         07/14/97
Second NPRM                     11/00/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

[[Page 65416]]

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

RIN: 3064-AB88
_______________________________________________________________________




4416. 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                            01/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 3064-AB92
_______________________________________________________________________




4417. MINORITY AND WOMEN OUTREACH PROGRAM--CONTRACTING

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1833e(c)

CFR Citation: 12 CFR 361

Legal Deadline: None

Abstract: This rulemaking proposes a statement of policy to utilize the 
Federal Affirmative Action Contracting Program, set forth in the 
Federal Acquisition Regulations, 48 CFR parts 19 and 52, providing 
contracting incentives to small disadvantaged businesses and proposes 
to amend its regulations establishing an outreach program for minority- 
and women-owned businesses as well as small disadvantaged businesses.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/06/99                    64 FR 42862
NPRM Comment Period End         10/05/99
Final Action                    02/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Martin Blumenthal, Counsel, Legal Division, Federal 
Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 736-0756

RIN: 3064-AC21
_______________________________________________________________________




4418.  CONTRACTOR CONFLICT OF INTEREST

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1819; 12 USC 1822(f)(3); 12 USC 1822(f)(4)

CFR Citation: 12 CFR 366

Legal Deadline: None

Abstract: This rulemaking clarifies that Part 366 does not pertain to 
FDIC contractors who intend to purchase assets from the FDIC. Conflicts 
of interest regarding contractors that intend to purchase assets from 
the FDIC will be covered by an FDIC circular regarding the sale of 
assets to restricted contractors.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

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-AC29
_______________________________________________________________________




4419.  ASSESSMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1441; 12 USC 1441b; 12 USC 1813; 12 USC 1815; 
12 USC 1817-1819; PL 104-208; 12 USC 1812

CFR Citation: 12 CFR 327

Legal Deadline: None

Abstract: This rulemaking proposes several changes to FDIC's 
regulations governing assessments. The FDIC proposes to change the 
reporting date used to determine the capital component of the 
assessment risk classification assigned to FDIC-insured depository 
institutions. The proposal is to move that date closer by one calendar 
quarter to the assessment period for which the capital component is 
assigned. The FDIC is further proposing to shorten from 30 days to 15 
days the prior notice that the FDIC sends to institutions advising them 
of their assessment risk classification for the following semiannual 
assessment period. The same reduction is proposed for the invoice sent 
by the FDIC each quarter showing the amount of the assessment payment 
due for the next quarterly collection. At the other end of the process, 
the FDIC is proposing to increase from 30 days to 90 days the time 
within which an institution may request review of its assessment risk 
classification.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/08/99                    64 FR 48719
NPRM Comment Period End         10/25/99
Final Action                    07/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: James W. Thornton, Senior Banking Analyst, Division of 
Insurance, Federal Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-6707

RIN: 3064-AC31

[[Page 65417]]

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Federal Deposit Insurance Corporation (FDIC)           Final Rule Stage


  



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4420. 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.

A second NPRM combining the issues raised in the ANPRM on credit 
ratings, and the NPRM on recourse and direct credit substitutes was 
published in November 1997 (62 FR 59944).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/00/99
Credit Ratings  ANPRM 05/25/1994 (59 FR 27116)

Recourse/Direct Credit Substitutes  NPRM 05/25/1994 (59 FR 
27116)  Final Action 02/00/2000

Synthesis of Credit Ratings/Recourse/Direct Credit Substitutes  NPRM 
11/05/1997 (62 FR 59944)

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 3064-AB31
_______________________________________________________________________




4421. 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                    12/00/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

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
_______________________________________________________________________




4422. 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                    12/00/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

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
_______________________________________________________________________




4423. 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.

[[Page 65418]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/11/97                    62 FR 06142
NPRM Comment Period End         04/14/97
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

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
_______________________________________________________________________




4424. INSURED STATE NONMEMBER BANKS WHICH ARE MUNICIPAL SECURITIES 
DEALERS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 4803(a)

CFR Citation: 12 CFR 343

Legal Deadline: None

Abstract: This rulemaking proposes to rescind the regulation that 
requires insured state nonmember banks which are municipal securities 
dealers to file with the FDIC certain information about those persons 
who are or seek to be associated with these dealers as municipal 
securities principals or municipal securities representatives. This 
action is the result of a CDRI section 303(a) review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/16/97                    62 FR 26994
NPRM Comment Period End         07/15/97
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Keith Ligon, Chief, Policy Unit, Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429
Phone: 202 898-3618

RIN: 3064-AC04
_______________________________________________________________________




4425. RISK-BASED CAPITAL STANDARDS: CLAIMS ON SECURITIES FIRMS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1815(a); 12 USC 1815(b); 12 USC 1816; 12 USC 
1818(a); 12 USC 1818(b); 12 USC 1818(c); 12 USC 1818(t); 12 USC 1819 
(Tenth); 12 USC 1828(c); 12 USC 1828(d); 12 USC 1828(i); 12 USC 
1828(n); 12 USC 1828(o); 12 USC 1831o; 12 USC 1835

CFR Citation: 12 CFR 325

Legal Deadline: None

Abstract: This rulemaking is sponsored jointly by the OCC, the FRS, the 
FDIC and OTS. This interim rule would revise the FDIC's risk-based 
capital standards set forth in the Basle Accord. This revision would 
permit claims on certain securities firms to receive the same 
preferential risk-weighting that is applied to claims on banks.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              11/00/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

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-AC17
_______________________________________________________________________




4426. ACTIVITIES OF INSURED STATE BANKS AND INSURED SAVINGS ASSOCIATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 375a(4); 12 USC 375b; 12 USC 1816; 12 USC 
1818(a); 12 USC 1818(b); 12 USC 1819; 12 USC 1820(d)(10); 12 USC 
1821(f); 12 USC 1818; 12 USC 1819 (Tenth); 12 USC 1828(m); 12 USC 
1831a; 12 USC 1831e

CFR Citation: 12 CFR 362; 12 CFR 337

Legal Deadline: None

Abstract: This rulemaking proposes to add safety and soundness 
standards to govern insured State nonmember banks that engage in the 
public sale, distribution or underwriting of stocks, bonds, debentures, 
notes or other securities through a subsidiary if those activities are 
permissible for a national bank subsidiary but are not permissible for 
the national bank itself. In addition, the rulemaking proposes to 
require that insured State nonmember banks file a notice before 
commencing any activities permissible for the parent national bank 
itself. The rulemaking also proposes to remove and reserve the 
provisions addressing ``Securities Activities of Subsidiaries of 
Insured State Banks: Bank Transactions with Affiliated Securities 
Companies.''

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/01/98                    63 FR 66339
NPRM Comment Period End         02/01/99
Final Action                    01/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 3064-AC20
_______________________________________________________________________




4427.  LOANS IN AREAS HAVING SPECIAL FLOOD HAZARDS

Priority: Substantive, Nonsignificant

Legal Authority: 42 USC 4012a; 42 USC 4104a; 42 USC 4104b; 42 USC 4106; 
42 USC 4128

CFR Citation: 12 CFR 339

Legal Deadline: None

Abstract: This rulemaking makes a technical amendment to the flood 
insurance regulations of the Federal banking agencies. It is necessary 
due to the elimination by the FEMA of reference to the Standard Flood 
Hazard Determination Form from its regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Mark A. Mellon, Counsel, Federal Deposit Insurance 
Corporation, Legal Division, Washington, DC 20429

[[Page 65419]]

Phone: 202 898-3854

RIN: 3064-AC24
_______________________________________________________________________




4428.  TREATMENT BY THE FDIC AS CONSERVATOR OR RECEIVER OF 
FINANCIAL ASSETS TRANSFERRED BY AN INSURED DEPOSITORY INSTITUTION IN 
CONNECTION WITH A SECURITIZATION OR PARTICIPATION

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1821(d)(1); 12 USC 1821(d)(11); 12 USC 
1821(e)(1); 12 USC 1821(e)(8)(D)(1); 12 USC 1823(c)(4); 12 USC 
1823(e)(2); PL 101-73

CFR Citation: 12 CFR 360

Legal Deadline: None

Abstract: This rulemaking resolves issues regarding the treatment by 
the FDIC, as receiver or conservator, of financial assets transferred 
by an insured depository institution in connection with a 
securitization or in the form of a participation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/09/99                    64 FR 48968
NPRM Comment Period End         11/08/99
Final Action                    08/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Michael Krimminger, Senior Policy Analyst, Division of 
Resolution and Receiverships, Federal Deposit Insurance Corporation, 
Washington, DC 20429
Phone: 202 898-8950

RIN: 3064-AC28
_______________________________________________________________________




4429.  TECHNICAL AMENDMENTS TO FDIC REGULATIONS RELATING TO 
RULES OF PRACTICE AND PROCEDURE AND DEPOSIT INSURANCE COVERAGE

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 504; 5 USC 554-557; 12 USC 93(b); 12 USC 164; 12 
USC 505; 12 USC 1815(e); 12 USC 1817; 12 USC 1818; 12 USC 1820; 12 USC 
1828; 12 USC 1829; 12 USC 1829b; 12 USC 1831i; 12 USC 1831o; 12 USC 
1831p-1; 12 USC 1832(c); 12 USC 1884(b)

CFR Citation: 12 CFR 308; 12 CFR 330

Legal Deadline: None

Abstract: This rulemaking amends various sections of Rules of Practice 
and Procedure governing administrative enforcement proceedings. The 
amendments are generally technical in nature and are necessary to 
ensure that the rules are consistent with statutory provisions and 
procedural changes that have occurred since the rules were first 
adopted. The FDIC also is making a conforming, technical amendment to 
its deposit insurance regulations that was inadvertently omitted from 
changes made to the deposit insurance regulations effective on April 1, 
1999.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/00/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 3064-AC30
_______________________________________________________________________


Federal Deposit Insurance Corporation (FDIC)          Long-Term Actions


  



_______________________________________________________________________




4430. CENSURE, SUSPENSION, AND DEBARMENT OF INDEPENDENT PUBLIC 
ACCOUNTANTS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 308

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 3064-AA64
_______________________________________________________________________




4431. 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                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Frederick S. Carns
Phone: 202 898-3930

RIN: 3064-AB46

[[Page 65420]]

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Federal Deposit Insurance Corporation (FDIC)          Completed Actions


  



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4432. 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

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NPRM                            04/14/97                    62 FR 18059
NPRM Comment Period End         06/13/97
Withdrawn                       08/06/99                    64 FR 42861

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Judith M. Wood, Chief, MWOP, Office of Diversity and 
Economic Opportunity, Federal Deposit Insurance Corporation, 
Washington, DC 20429
Phone: 202 416-2456

RIN: 3064-AB95
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4433. MANAGEMENT INTERLOCKS ACT

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 93a; 12 USC 3201 to 3208

CFR Citation: 12 CFR 348

Legal Deadline: None

Abstract: This rulemaking is sponsored jointly by the OCC, the FRS, the 
OTS and the FDIC. It conforms the management interlocks rules to recent 
statutory changes, modernizes and clarifies the rules, and reduces 
unnecessary regulatory burdens where feasible, consistent with 
statutory requirements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/11/98                    63 FR 43052
Final Rule                      09/24/99                    64 FR 51673
Final Rule Effective            01/01/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 3064-AC08
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4434. FOREIGN ACTIVITIES OF INSURED STATE NONMEMBER BANKS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1813; 12 USC 1815; 12 USC 1817; 12 USC 1819; 12 
USC 1820; 12 USC 1828; 12 USC 3103; 12 USC 3104; 12 USC 3105; 12 USC 
3108; PL 98-181

CFR Citation: 12 CFR 347

Legal Deadline: None

Abstract: This rulemaking is sponsored jointly by the OCC, the FRS, and 
the FDIC. It implements the provisions related to an extended 
examination cycle for U.S. branches and agencies of foreign banks set 
out in section 2214 of the Economic Growth and Regulatory Paperwork 
Reduction Act of 1996 (EGRPRA).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              08/28/98                    63 FR 46118
Interim Final Rule Comment 
Period End                      10/27/98
Final Rule                      10/22/99                    64 FR 56949
Final Rule Effective            10/22/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Karen Walter, Chief, International Branch, Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429
Phone: 202 898-3540

RIN: 3064-AC15
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4435. INTERAGENCY GUIDELINES ESTABLISHING YEAR 2000 STANDARDS FOR SAFETY 
AND SOUNDNESS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1819 (Tenth); 12 USC 1831p-1

CFR Citation: 12 CFR 364

Legal Deadline: None

Abstract: This rulemaking is sponsored jointly by the OCC, the FRS, the 
OTS, and the FDIC. It provides interim guidelines establishing Year 
2000 safety and soundness standards for insured depository institutions 
pursuant to section 39 of the Federal Deposit Insurance Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/15/98                    63 FR 55480
Interim Final Rule Comment 
Period End                      12/14/98

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Frank Hartigan, Year 2000 Project Manager, Division of 
Supervision, Federal Deposit Insurance Corporation, Washington, DC 
20429
Phone: 202 898-6867

RIN: 3064-AC18
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4436.  FILING PROCEDURES AND DELEGATIONS OF AUTHORITY

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 378; 12 USC 1813; 12 USC 1815; 12 USC 1816; 12 
USC 1817; 12 USC 1818; 12 USC 1820; 12 USC 1823; 12 USC 3104; 12 USC 
3108; 12 USC 3207; 15 USC 1601-1607

CFR Citation: 12 CFR 303

Legal Deadline: None

Abstract: This rulemaking amends mutual-to-stock conversion procedures 
by delegating authority from the FDIC's Board of Directors to the 
Director and Deputy Director of the Division of Supervision to act on 
certain requests for the waiver of the depositor vote requirements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      04/26/99                    64 FR 20141
Final Rule Effective            05/26/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: John Lane, Assistant Director, Federal Deposit 
Insurance Corporation, Division of Supervision, Washington, DC 20429

[[Page 65421]]

Phone: 202 898-3671

RIN: 3064-AC22
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4437.  ASSET AND LIABILITY BACKUP PROGRAM

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1819(a)(Tenth); 12 USC 1818(u); 12 USC 1818(b); 
12 USC 1821

CFR Citation: 12 CFR 331

Legal Deadline: None

Abstract: This rulemaking requires asset and liability backup programs 
for limited deposit account and loan account information in a limited 
number of institutions to facilitate timely and accurate restoration of 
key financial records in the event that an FDIC-insured depository 
institution (insured depository institution) experiences a Year 2000 
computer problem and is placed in receivership.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              06/09/99                    64 FR 30869
Interim Final Rule Effective    07/09/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: James Crum, Manager, Information Systems Section, 
Division of Resolution and Receiverships, Federal Deposit Insurance 
Corporation, Washington, DC 20429
Phone: 202 898-6698

RIN: 3064-AC23
[FR Doc. 99-25674 Filed 11-19-99; 8:45 am]
BILLING CODE 6714-01-F