[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]


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Part LII





Federal Deposit Insurance Corporation





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Semiannual Regulatory Agenda

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FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)                           


  



_______________________________________________________________________

FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Ch. III

Semiannual Agenda of Regulations

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Semiannual regulatory agenda.

_______________________________________________________________________

SUMMARY:  The Federal Deposit Insurance Corporation (FDIC) is hereby 
publishing items for the October 2001 Unified Agenda of Regulatory and 
Deregulatory Actions. 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 the Regulatory 
Flexibility Act (5 U.S.C. 601 et seq.). 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 to implement provision of the Gramm-Leach-Bliley Act, 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.

Federal Deposit Insurance Corporation.

 Robert E. Feldman,

Executive Secretary.

                              Federal Deposit Insurance Corporation--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4420         12 CFR 327 Assessments--Assessment Base............................................     3064-AB46
4421         12 CFR 345 Community Reinvestment Act Regulations (Section 610 Review)...........     3064-AC50
----------------------------------------------------------------------------------------------------------------


                           Federal Deposit Insurance Corporation--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4422         12 CFR 360 Receivership Rules......................................................     3064-AB92
4423         12 CFR 366 Contractor Conflict of Interest.........................................     3064-AC29
4424         12 CFR 334 Fair Credit Reporting Act Regulations...................................     3064-AC35
4425         12 CFR 313 Procedures for the Collection of Corporate Debt by Administrative Offset     3064-AC40
4426         Brokers and Dealers................................................................     3064-AC42
4427         12 CFR 330 Deposit Insurance Coverage..............................................     3064-AC43
4428         12 CFR 325 Simplified Capital Framework for Noncomplex Financial Institutions......     3064-AC44
4429         12 CFR 303 Filing Procedures and Delegations of Authority..........................     3064-AC51
----------------------------------------------------------------------------------------------------------------


                             Federal Deposit Insurance Corporation--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4430         12 CFR 325 Capital Maintenance--Recourse Arrangements and Direct Credit Substitutes     3064-AB31
4431         12 CFR 342 Qualification Requirements for the Recommendation or Sale of Certain         3064-AB85
            Securities..........................................................................
4432         12 CFR 325 Risk-Based Capital Standards: Claims on Securities Firms................     3064-AC17
4433         12 CFR 325 Capital; Leverage and Risk-Based Capital Guidelines; Capital Adequacy        3064-AC34
            Guidelines; Capital Maintenance: Residual Interests in Asset Securitizations or
            Other Transfers of Financial Assets.................................................
4434         12 CFR 369 Prohibition Against Use of Interstate Branches Primarily For Deposit         3064-AC36
            Production..........................................................................
4435         12 CFR 325 Risk-Based Capital Guidelines: Market Risk Measure; Securities Borrowing     3064-AC46
            Transactions........................................................................
4436         12 CFR 325 Capital; Leverage and Risk-Based Capital Guidelines; Capital Adequacy        3064-AC47
            Guidelines; Capital Maintenance; Nonfinancial Equity Investments....................
----------------------------------------------------------------------------------------------------------------


[[Page 62669]]


                            Federal Deposit Insurance Corporation--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4437         12 CFR 308 Censure, Suspension, and Debarment of Independent Public Accountants....     3064-AA64
4438         12 CFR 325 Capital Maintenance--Collateralized Transactions........................     3064-AB78
4439         12 CFR 307 Notification of Assumption of Deposits and Change of Insured Status.....     3064-AB88
4440         12 CFR 328 Advertisement of Membership.............................................     3064-AB99
----------------------------------------------------------------------------------------------------------------


                            Federal Deposit Insurance Corporation--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4441         12 CFR 303 Deposit Insurance Engaged in the Business of Receiving Deposits.........     3064-AC49
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


Federal Deposit Insurance Corporation (FDIC)              Prerule Stage


  



_______________________________________________________________________




4420. ASSESSMENTS--ASSESSMENT BASE

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 327

Legal Deadline: None

Abstract: In 1994, the FDIC sought comment on a proposal to revise the 
assessment base used by insured institutions to determine the premium 
paid for deposit insurance. That initiative did not lead to a proposed 
rule. Instead, the FDIC plans to revisit the issue with a new ANPRM on 
alternative options for the deposit component of the assessment base 
and on options regarding the float deduction and use of average daily 
deposit balances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           10/05/94                    59 FR 50710
ANPRM Comment Period End        02/02/95
Second ANPRM                    12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Steve Wagoner, Senior Assessment Specialist, Division 
of Finance, Federal Deposit Insurance Corporation
Phone: 202 416-7152

RIN: 3064-AB46
_______________________________________________________________________




4421.   COMMUNITY REINVESTMENT ACT REGULATIONS (SECTION 610 
REVIEW)

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 2901

CFR Citation: 12 CFR 345

Legal Deadline: None

Abstract: This notice, sponsored jointly by the OCC, the FRS, the FDIC 
and OTS, advises the public that the Agencies are seeking comment on a 
wide range of questions relating to Community Reinvestment Act (CRA) 
regulations and solicits suggestions about ways to improve existing CRA 
regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           07/19/01                    66 FR 37602
ANPRM Comment Period End        10/17/01
NPRM                            05/00/02

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Deanna Caldwell, Senior Policy Analyst, Division of 
Compliance and Consumer Affairs, Federal Deposit Insurance Corporation
Phone: 202 942-3366

RIN: 3064-AC50
_______________________________________________________________________


Federal Deposit Insurance Corporation (FDIC)        Proposed Rule Stage


  



_______________________________________________________________________




4422. 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 postinsolvency 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                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

[[Page 62670]]

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

RIN: 3064-AB92
_______________________________________________________________________




4423. 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 who 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                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Donald Rosholt, Senior Ethics Program Specialist, 
Office of the Executive Secretary, Federal Deposit Insurance 
Corporation
Phone: 202 898-7287

RIN: 3064-AC29
_______________________________________________________________________




4424. FAIR CREDIT REPORTING ACT REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 1681s; 12 USC 1819(a)(Tenth)

CFR Citation: 12 CFR 334

Legal Deadline: None

Abstract: Section 506 of the Gramm-Leach-Bliley Act requires bank 
regulators and FTC to publish FCRA regulations to implement the Fair 
Credit Reporting Act. Due to comments received from a joint notice of 
proposed rulemaking, dated October 20, 2000, it is anticipated that the 
agencies will issue a new proposed rulemaking for public comment.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/20/00                    65 FR 63120
NPRM Comment Period End         12/04/00
Second NPRM                     01/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deanna Caldwell, Senior Policy Analyst, Division of 
Compliance and Consumer Affairs, Federal Deposit Insurance Corporation
Phone: 202 942-3366

RIN: 3064-AC35
_______________________________________________________________________




4425. PROCEDURES FOR THE COLLECTION OF CORPORATE DEBT BY ADMINISTRATIVE 
OFFSET

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1819(a); 5 USC 5514; 31 USC 3711; 31 USC 3716

CFR Citation: 12 CFR 313

Legal Deadline: None

Abstract: This rulemaking establishes procedures for the collection of 
debts owed the FDIC. The rulemaking also implements the Debt Collection 
Improvement Act of 1996, which requires agencies to promulgate 
regulations on this subject. The regulation sets forth the procedures 
the FDIC would follow in collecting debts through salary offset, 
administrative offset, and tax refund offset.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Manuel Palau, Counsel, Legal Division, Federal Deposit 
Insurance Corporation
Phone: 202 898-8829

RIN: 3064-AC40
_______________________________________________________________________




4426. BROKERS AND DEALERS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 78a

CFR Citation: Not Yet Determined

Legal Deadline: Final, Statutory, May 12, 2001.

Abstract: This rulemaking implements section 204 of the Gramm-Leach-
Bliley Act (GLBA), which requires the Federal banking agencies to 
establish recordkeeping requirements for banks relying on any of the 
broker-dealer exemptions listed in sections 201 and 202 of GLBA.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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

RIN: 3064-AC42
_______________________________________________________________________




4427. DEPOSIT INSURANCE COVERAGE

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1813(l)

CFR Citation: 12 CFR 330

Legal Deadline: None

Abstract: This rulemaking establishes a uniform and streamlined appeals 
process for deposit insurance claims.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Richard Osterman, Assistant General Counsel, Legal 
Division, Federal Deposit Insurance Corporation
Phone: 202 736-0617

RIN: 3064-AC43
_______________________________________________________________________




4428. SIMPLIFIED CAPITAL FRAMEWORK FOR NONCOMPLEX FINANCIAL INSTITUTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1815(a)

CFR Citation: 12 CFR 325

Legal Deadline: None

Abstract: This notice, sponsored jointly by the OCC, the FRS, the FDIC 
and OTS, advises the public that the Agencies are considering 
developing a regulatory capital framework tailored to the size, 
structure, complexity, and risk profile of domestic, noncomplex 
financial institutions. The Agencies are

[[Page 62671]]

seeking comment on possible regulatory capital frameworks that may ease 
the burden on these financial institutions, such as a simplified risk-
based or a modified leverage ratio framework.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           11/03/00                    65 FR 66193
ANPRM Comment Period End        02/01/01
NPRM                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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

RIN: 3064-AC44
_______________________________________________________________________




4429.   FILING PROCEDURES AND DELEGATIONS OF AUTHORITY

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 378

CFR Citation: 12 CFR 303

Legal Deadline: None

Abstract: This rulemaking eliminates the existing requirement that the 
FDIC's Board act on merger applications involving a combined market 
share above 35 percent; it also reflects certain required Gramm-Leach-
Bliley changes and revisions to enforcement delegations as well as 
technical amendments to part 303.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Rae-Ann Miller, Assistant Director, Division of 
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-8523

RIN: 3064-AC51
_______________________________________________________________________


Federal Deposit Insurance Corporation (FDIC)           Final Rule Stage


  



_______________________________________________________________________




4430. CAPITAL MAINTENANCE--RECOURSE ARRANGEMENTS AND DIRECT CREDIT 
SUBSTITUTES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1815(a); 12 USC 1816; 12 USC 1818(a); 12 USC 
1819(Tenth); 12 USC 1828(d); 12 USC 1831o; 12 USC 3907; 12 USC 3909; 12 
USC 1815(b); 12 USC 1818(b); 12 USC 1818(c); 12 USC 1818(t); 12 USC 
1828(i); 12 USC 1828(n); 12 USC 1828(o); 12 USC 1835; 12 USC 4808; 12 
USC 1828(c); PL 102-233; 105 Stat 1761; 105 Stat 1789; 105 Stat 1790; 
105 Stat 2236

CFR Citation: 12 CFR 325

Legal Deadline: None

Abstract: The interagency rulemaking revises risk-based capital 
standards by addressing the regulatory capital treatment of recourse 
obligations and direct credit substitutes that expose banks, bank 
holding companies, and thrifts to credit risk. The revision treats 
recourse obligations and direct credit substitutes more consistently 
than under the agencies' current risk-based capital standards. In 
addition, the revision allows the agencies to use credit ratings and 
certain alternative approaches to match the risk-based capital 
requirement more closely to a banking organization's relative risk of 
loss in asset securitizations. The rulemaking also requires the sponsor 
of a revolving credit securitization that involves an early 
amortization feature to hold capital against the amount of assets under 
management; i.e., the off balance sheet securitized receivables. The 
rulemaking is intended to result in more consistent treatment of 
recourse obligations and similar transactions among the agencies, more 
consistent risk-based capital treatment for certain types of 
transactions involving similar risk, and capital requirements that more 
closely reflect a banking organization's relative exposure to credit 
risk. This rulemaking and the rulemaking on residual interests (see 
3064-AC34) are interrelated in that both address the regulatory capital 
treatment for residual interests in securitizations and other financial 
asset transfers. The agencies participating in these two rulemakings 
are ensuring that the treatment of residual interests will be 
consistent and may issue a single combined final rule rather than 
separate final rules.

Timetable:
________________________________________________________________________

Credit Ratings  ANPRM 05/25/94 (59 FR 27116)

Recourse/Direct Credit Substitutes  NPRM 05/25/94 (59 FR 27116)  Second 
NPRM 03/08/00 (65 FR 12320)  Second NPRM Comment Period End 06/07/00

Synthesis of Credit Ratings/Recourse/Direct Credit Substitutes  NPRM 
11/05/97 (62 FR 59944)  Final Action 12/00/01

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
Phone: 202 898-8906

RIN: 3064-AB31
_______________________________________________________________________




4431. 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: Final, Statutory, May 12, 2001, recordkeeping 
requirement.

Abstract: This proposal, sponsored jointly by the OCC, the FRS, and the 
FDIC, would establish qualifications for banks that sell certain 
securities to their customers without having to register as a broker 
under the Securities Exchange Act. FDIC staff are contemplating a 
recommendation to rescind this proposal and replace it with a second 
NPRM to exempt banks from registering with the NASD/SEC as securities 
brokers or dealers in the event that they qualify under any of the 
exemption criteria in Gramm-Leach-Bliley Act sections 201 or 202 (see 
NPRM described at 3064-AC42).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/30/96                    61 FR 68824

[[Page 62672]]

NPRM Comment Period End         02/28/97
Final Action                    12/00/01

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
Phone: 202 898-3618

RIN: 3064-AB85
_______________________________________________________________________




4432. RISK-BASED CAPITAL STANDARDS: CLAIMS ON SECURITIES FIRMS

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 325

Legal Deadline: None

Abstract: This rulemaking is sponsored jointly by the OCC, the FRS, the 
FDIC and OTS (the Agencies), and amends their respective risk-based 
capital standards for banks, bank holding companies, and savings 
associations with regard to the risk-weighting of claims on, and claims 
guaranteed by, qualifying securities firms. The rule reduces the risk 
weight applied to claims on, and claims guaranteed by, qualifying 
securities firms incorporated in countries that are members of the 
Organization for Economic Cooperation and Development (OECD) from 100 
percent to 20 percent under the Agencies' risk-based capital rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/06/00                    65 FR 76180
NPRM Comment Period End         01/22/01
Final Action                    12/00/01

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
Phone: 202 898-8904

RIN: 3064-AC17
_______________________________________________________________________




4433. CAPITAL; LEVERAGE AND RISK-BASED CAPITAL GUIDELINES; CAPITAL 
ADEQUACY GUIDELINES; CAPITAL MAINTENANCE: RESIDUAL INTERESTS IN ASSET 
SECURITIZATIONS OR OTHER TRANSFERS OF FINANCIAL ASSETS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1815(a); 12 USC 1815(b); 12 USC 1816; 12 USC 
1818(a) to 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; 12 USC 3907; 12 USC 3909; 12 USC 4808; PL 102-233; 
105 Stat 1761; 105 Stat 1789

CFR Citation: 12 CFR 325

Legal Deadline: None

Abstract: This interagency rulemaking amends capital rules to restrict 
excessive concentrations in residual interests by limiting the amount 
that are included in Tier 1 capital for both leverage and risk-based 
capital purposes. Residual interests in excess of this limitation would 
be deducted from Tier 1 capital. The rulemaking also requires that 
risk-based capital be held in an amount equal to the amount of residual 
interests that are within this limitation. This rulemaking and the 
rulemaking on recourse and direct credit substitutes (see 3064-AB31) 
are interrelated in that both address the regulatory capital treatment 
for residual interests in securitizations and other financial asset 
transfers. The agencies participating in these two rulemakings are 
ensuring that the treatment of residual interests will be consistent 
and may issue a single combined final rule rather than separate final 
rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/27/00                    65 FR 57993
NPRM Comment Period End         12/26/00
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 3064-AC34
_______________________________________________________________________




4434. PROHIBITION AGAINST USE OF INTERSTATE BRANCHES PRIMARILY FOR 
DEPOSIT PRODUCTION

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1819(Tenth); 12 USC 1835a

CFR Citation: 12 CFR 369

Legal Deadline: None

Abstract: The rulemaking implements section 106 of the Gramm-Leach-
Bliley Act, which amends the Riegle-Neal Interstate Banking and 
Branching Efficiency Act of 1994, to provide that any branch of a bank 
controlled by an out-of-state bank holding company is considered to be 
an interstate branch for purposes of Riegle-Neal.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/09/01                    66 FR 18411
NPRM Comment Period End         06/08/01
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 3064-AC36
_______________________________________________________________________




4435. RISK-BASED CAPITAL GUIDELINES: MARKET RISK MEASURE; SECURITIES 
BORROWING TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1815(a); 12 USC 1815(b); 12 USC 1816; 12 USC 
1818(a) to 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; PL 102-233; 105 Stat 1761; 105 Stat 1789; 105 Stat 1790; PL 102-
242; 105 Stat 2236; 105 Stat 2355; 105 Stat 2386

CFR Citation: 12 CFR 325

Legal Deadline: None

Abstract: This rulemaking sponsored jointly by the OCC, the FRS and the 
FDIC, amends their market risk rules to revise the capital treatment 
for cash

[[Page 62673]]

collateral that is posted in connection with certain securities 
borrowing transactions. The effect of the rule is to more appropriately 
align the capital requirements for these transactions with the risk 
involved and to provide a capital treatment for U.S. banking 
organizations that is more in line with the capital treatment applied 
to their domestic and foreign competitors.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/05/00                    65 FR 75856
Interim Final Rule Effective    01/04/01
Interim Final Rule Comment 
Period End                      01/19/01
Final Action                    12/00/01

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
Phone: 202 898-8904

RIN: 3064-AC46
_______________________________________________________________________




4436. CAPITAL; LEVERAGE AND RISK-BASED CAPITAL GUIDELINES; CAPITAL 
ADEQUACY GUIDELINES; CAPITAL MAINTENANCE; NONFINANCIAL EQUITY 
INVESTMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1815(a); 12 USC 1815(b); 12 USC 1816; 12 USC 
1818(a) to 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; 12 USC 3907; 12 USC 3909; 12 USC 4808; PL 102-233; 
105 Stat 1761; 105 Stat 1789; PL 102-242; 105 Stat 2236

CFR Citation: 12 CFR 325

Legal Deadline: None

Abstract: This rulemaking, sponsored jointly by the OCC, the FRS and 
the FDIC, amends respective risk-based and leverage capital standards 
for banks and bank holding companies with respect to the capital 
treatment of nonfinancial equity investments. The rule would deduct 
from Tier 1 capital certain percentages of the adjusted carrying value 
of all nonfinancial equity investments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/14/01                    66 FR 10212
NPRM Comment Period End         04/16/01
Final Action                    12/00/01

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
Phone: 202 898-8904

RIN: 3064-AC47
_______________________________________________________________________


Federal Deposit Insurance Corporation (FDIC)          Long-Term Actions


  



_______________________________________________________________________




4437. 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
_______________________________________________________________________




4438. CAPITAL MAINTENANCE--COLLATERALIZED TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 325

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/16/96                    61 FR 42565
NPRM Comment Period End         10/15/96
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stephen G. Pfeifer
Phone: 202 898-8904

RIN: 3064-AB78
_______________________________________________________________________




4439. NOTIFICATION OF ASSUMPTION OF DEPOSITS AND CHANGE OF INSURED 
STATUS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 307

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/14/97                    62 FR 26431
NPRM Comment Period End         07/14/97
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Rodney D. Ray
Phone: 202 898-3556

RIN: 3064-AB88
_______________________________________________________________________




4440. ADVERTISEMENT OF MEMBERSHIP

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 328

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/11/97                     62 FR 6142
NPRM Comment Period End         04/14/97
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marc J. Goldstrom
Phone: 202 898-8807

RIN: 3064-AB99

[[Page 62674]]

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Federal Deposit Insurance Corporation (FDIC)          Completed Actions


  



_______________________________________________________________________




4441.   DEPOSIT INSURANCE ENGAGED IN THE BUSINESS OF RECEIVING 
DEPOSITS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 378; 12 USC 1813; 12 USC 1815 to 1818; 12 USC 
1819 (Seventh and Tenth); 12 USC 1820; 12 USC 1823; 12 USC 1828; 12 USC 
1831a; 12 USC 1831e; 12 USC 1831o; 12 USC 1831p-1; 12 USC 1835a; 12 USC 
3104; 12 USC 3105; 12 USC 3108; 12 USC 3207; 15 USC 1601 to 1607

CFR Citation: 12 CFR 303

Legal Deadline: None

Abstract: This rulemaking replaces FDIC's General Counsel Opinion No. 
12 with a regulation. The purpose of promulgating a regulation would be 
to clarify the requirement that an insured depository institution be 
``engaged in the business of receiving deposits other than trust 
funds.''

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/19/01                    66 FR 20102
NPRM Comment Period End         07/18/01
Final Action                    10/30/01                    66 FR 54645
Final Action Effective          11/29/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Christopher L. Hencke, Counsel, Legal Division, Federal 
Deposit Insurance Corporation
Phone: 202 898-8839

RIN: 3064-AC49
[FR Doc. 01-23871 Filed 11-30-01; 8:45 am]
BILLING CODE 6714-01-S
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