[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 L





Federal Deposit Insurance Corporation





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Semiannual Regulatory Agenda

[[Page 74220]]



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 fall 2006 Unified Agenda of Federal 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.

The FDIC amended its regulations to reflect the recent merger of the 
Bank Insurance Fund and the Savings Association Insurance Fund, forming 
the Deposit Insurance Fund. Additionally, the FDIC amended its 
regulations to provide consideration of inflation adjustments to 
increase the current standard maximum deposit insurance amount of 
$100,000 on a five-year cycle beginning in 2010; to increase the 
deposit insurance limit for certain retirement accounts from $100,000 
to $250,000 also subject to inflation adjustments; and to provide per-
participant insurance coverage to employee benefit plan accounts, even 
if the depository institutions at which the deposits are placed are not 
authorized to accept employee benefit plan deposits. Both actions were 
taken to implement applicable revisions to the Federal Deposit 
Insurance Act made by the Federal Deposit Insurance Reform Act of 2005 
(Pub. L. 109-171) and the Federal Deposit Insurance Reform Conforming 
Amendments of 2005 (Pub. L. 109-173).

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.

                           Federal Deposit Insurance Corporation--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3923        Risk-Based Capital Standards: Implementation of New Basel Capital Accord..............    3064-AC73
3924        Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance:          3064-AC96
            Domestic Capital Modifications........................................................
3925        Community Reinvestment Act; Interagency Questions and Answers Regarding Community         3064-AC97
            Reinvestment; Notice..................................................................
3926        Large-Bank Deposit Insurance Determination Modernization Proposal.....................    3064-AC98
3927        Procedures to Enhance the Accuracy and Integrity of Information Furnished to Consumer     3064-AC99
            Reporting Agencies....................................................................
3928        Risked-Based Capital Standards: Market Risk...........................................    3064-AD10
----------------------------------------------------------------------------------------------------------------


                             Federal Deposit Insurance Corporation--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3929        Deposit Insurance Coverage; Stored Value Cards and Other Nontraditional Access            3064-AC80
            Mechanisms............................................................................
3930        Fair Credit Reporting Affiliate Marketing Regulations.................................    3064-AC83
3931        Annual Independent Audits and Reporting Requirements..................................    3064-AC91
3932        Identity Theft Red Flags and Address Discrepancies under the Fair and Accurate Credit     3064-AD00
            Transactions Act of 2003..............................................................
3933        Deposit Insurance Assessments--Designated Reserve Ratio...............................    3064-AD02
3934        Assessments...........................................................................    3064-AD03
3935        Advertisement of Membership...........................................................    3064-AD05
3936        Penalties for Failure to Timely Pay Assessments.......................................    3064-AD06
3937        Assessments...........................................................................    3064-AD09
----------------------------------------------------------------------------------------------------------------


[[Page 74221]]


                            Federal Deposit Insurance Corporation--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3938        12 CFR 303 Filing Procedures; Transactions With Affiliates............................    3064-AC78
3939        Interstate Banking; Federal Interest Rate Authority...................................    3064-AC95
----------------------------------------------------------------------------------------------------------------


                            Federal Deposit Insurance Corporation--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3940        12 CFR 327 Assessments--Assessment Base...............................................    3064-AB46
3941        12 CFR 342 Qualification Requirements for the Recommendation or Sale of Certain           3064-AB85
            Securities............................................................................
3942        12 CFR 334 Fair Credit Reporting Act Regulations......................................    3064-AC35
3943        Deposit Insurance Regulations; Inflation Index; Certain Retirement Accounts and           3064-AD01
            Employee Benefit Plan Accounts........................................................
3944        12 CFR 303 Revisions to Reflect the Merger of the Bank Insurance Fund and the Savings     3064-AD04
            Association Insurance Fund............................................................
3945        Dividends.............................................................................    3064-AD07
3946        One-time Assessment Credit............................................................    3064-AD08
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


Federal Deposit Insurance Corporation (FDIC)        Proposed Rule Stage


  



_______________________________________________________________________




3923. RISK-BASED CAPITAL STANDARDS: IMPLEMENTATION OF NEW BASEL CAPITAL 
ACCORD

Priority: Other Significant. Major under 5 USC 801.

Legal Authority: Not Yet Determined

CFR Citation: 12 CFR 325

Legal Deadline: None

Abstract: The OCC, Board, FDIC, and OTS are setting forth for industry 
comment their current views on a proposed framework for implementing 
the New Basel Capital Accord in the United States. In particular, this 
advance notice of proposed rulemaking describes significant elements of 
the Advanced Internal Ratings-Based approach for credit risk and the 
Advanced measurement Approaches for operational risk (together the 
advanced approaches).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           08/04/03                    68 FR 45900
NPRM                            09/25/06                    71 FR 55830
NPRM Comment Period End         01/23/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/publiccomments/basel/index.html

URL For Public Comments:
http://www.fdic.gov/regulations/laws/publiccomments/basel/index.html

Agency Contact: Michael Phillips, Counsel, Legal Division, Federal 
Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-3581

RIN: 3064-AC73
_______________________________________________________________________




3924. RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY GUIDELINES; 
CAPITAL MAINTENANCE: DOMESTIC CAPITAL MODIFICATIONS

Priority: Other Significant

Legal Authority: Not Yet Determined

CFR Citation: 12 CFR 325

Legal Deadline: None

Abstract: The OCC, Board, FDIC, and OTS are considering various 
revisions to the existing risk-based capital framework that would 
enhance its risk sensitivity. These changes would apply to banks, bank 
holding companies, and savings associations. The Agencies are 
soliciting comments on possible modifications to their risk-based 
capital standards that would facilitate the development of fuller and 
more comprehensive proposals applicable to a range of activities and 
exposures.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           10/20/05                    70 FR 61068
NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/05propose.html

URL For Public Comments:
http://www.fdic.gov/regulations/laws/federal/2005/05combasel1a.html

Agency Contact: Michael Phillips, Counsel, Legal Division, Federal 
Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-3581

RIN: 3064-AC96
_______________________________________________________________________




3925. COMMUNITY REINVESTMENT ACT; INTERAGENCY QUESTIONS AND ANSWERS 
REGARDING COMMUNITY REINVESTMENT; NOTICE

Priority: Other Significant

Legal Authority: Not Yet Determined

[[Page 74222]]

CFR Citation: None

Legal Deadline: None

Abstract: The OCC, Board, and FDIC published the revised guidance 
(Questions and Answers) relating to the Community Reinvestment Act. The 
Questions and Answers primarily addresses topics included in the 
revisions that the Agencies made to their CRA regulations, which became 
effective September 1, 2005.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Notice                          11/10/05                    70 FR 68450
 Notice Comment Period End      01/09/06
Second Notice                   03/10/06                    71 FR 12424
Third Notice                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/propose.html

URL For Public Comments:
http://www.fdic.gov/regulations/laws/federal/propose.html

Agency Contact: Susan Van den Toorn, Counsel, Federal Deposit Insurance 
Corporation, Washington, DC 20429
Phone: 202 898-8707

RIN: 3064-AC97
_______________________________________________________________________




3926. LARGE-BANK DEPOSIT INSURANCE DETERMINATION MODERNIZATION PROPOSAL

Priority: Other Significant

Legal Authority: Not Yet Determined

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: In view of the significant Industry consolidation in recent 
years, the FDIC is exploring new methods to modernize its deposit 
insurance determination process, whereby the insurance status of each 
depositor is determined in the event of failure.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/13/05                    70 FR 73652
ANPRM Comment Period End        03/13/06
NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/propose.html

URL For Public Comments:
http://www.fdic.gov/regulations/laws/federal/propose.html

Agency Contact: Christopher L. Hencke, Counsel, Legal Division, Federal 
Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-8839

RIN: 3064-AC98
_______________________________________________________________________




3927. [bull] PROCEDURES TO ENHANCE THE ACCURACY AND INTEGRITY OF 
INFORMATION FURNISHED TO CONSUMER REPORTING AGENCIES

Priority: Other Significant

Legal Authority: Not Yet Determined

CFR Citation: 12 CFR 334

Legal Deadline: None

Abstract: The OCC, Board, FDIC, OTS, NCUA, and FTC (the Agencies) are 
requesting comments to gather information useful for developing the 
guidelines and regulations required by section 312 of the Fair and 
Accurate Credit Transactions Act (FACT Act).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           03/22/06                    71 FR 14419
ANPRM Comment Period End        05/22/06
NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/propose.html

URL For Public Comments:
http://www.fdic.gov/regulations/laws/federal/2006/06comanprfacta.html

Agency Contact: Richard M. Schwartz, Counsel, Federal Deposit Insurance 
Corporation, Washington, DC 20429
Phone: 202 898-7424

RIN: 3064-AC99
_______________________________________________________________________




3928. [bull] RISKED-BASED CAPITAL STANDARDS: MARKET RISK

Priority: Substantive, Nonsignificant. Major under 5 USC 801.

Legal Authority: Not Yet Determined

CFR Citation: 12 CFR 325

Legal Deadline: None

Abstract: The OCC, the Board, and the FDIC are proposing revisions to 
the market risk capital rule to enhance its risk sensitivity and 
introduce requirements for public disclosure of certain qualitative and 
quantitative information about the market risk of a bank or bank 
holding company.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/25/06                    71 FR 55958
NPRM Comment Period End         01/23/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Michael Phillips, Counsel, Legal Division, Federal 
Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-3581

RIN: 3064-AD10

[[Page 74223]]

_______________________________________________________________________


Federal Deposit Insurance Corporation (FDIC)           Final Rule Stage


  



_______________________________________________________________________




3929. DEPOSIT INSURANCE COVERAGE; STORED VALUE CARDS AND OTHER 
NONTRADITIONAL ACCESS MECHANISMS

Priority: Other Significant

Unfunded Mandates: Undetermined

Legal Authority: 12 USC 1813(l); 12 USC 1813(m); 12 USC 1817(i); 12 USC 
1818(q); 12 USC 1819 (Tenth); . . .

CFR Citation: 12 CFR 330

Legal Deadline: None

Abstract: FDIC published a proposed regulation that would clarify the 
insurance coverage of funds subject to transfer or withdrawal through 
the use of stored value cards and other nontraditional access 
mechanisms. This proposed rule is a revision of a proposed rule 
published by the FDIC in April of 2004 (the ``First Proposed Rule''). 
See 69 FR 20558 (April 16, 2004). The purpose of the revised proposed 
rule (the ``Second Proposed Rule'') is to address certain issues raised 
by commenters in response to the original proposal.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/16/04                    69 FR 20588
NPRM Comment Period End         07/15/04
Second NPRM                     08/08/05                    70 FR 45571
Second NPRM Comment Period End  11/07/05
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/propose.html

URL For Public Comments:
http://www.fdic.gov/regulations/laws/federal/2005/05comstoredval.html

Agency Contact: Christopher L. Hencke, Counsel, Legal Division, Federal 
Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-8839

RIN: 3064-AC80
_______________________________________________________________________




3930. FAIR CREDIT REPORTING AFFILIATE MARKETING REGULATIONS

Priority: Other Significant

Legal Authority: 12 USC 1818; 12 USC 1819 (Tenth); 15 USC 1681b; 15 USC 
1681s

CFR Citation: 12 CFR 334

Legal Deadline: None

Abstract: OCC, FRB, FDIC, OTS, and NCUA are publishing for comment 
proposed regulations to implement the affiliate marketing provisions in 
section 214 of the Fair and Accurate Credit Transactions Act of 2003, 
which amends the Fair Credit Reporting Act. The proposed regulations 
generally prohibit a person from using information received from an 
affiliate to make a solicitation for marketing purposes to a consumer, 
unless the consumer is given notice, an opportunity, and a simple 
method to opt out of the making of such solicitations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/15/04                    69 FR 42502
NPRM Comment Period End         08/16/04
Final Action                    03/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/propose.html

Agency Contact: Richard M. Schwartz, Counsel, Federal Deposit Insurance 
Corporation, Washington, DC 20429
Phone: 202 898-7424

RIN: 3064-AC83
_______________________________________________________________________




3931. ANNUAL INDEPENDENT AUDITS AND REPORTING REQUIREMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1831m

CFR Citation: 12 CFR 363

Legal Deadline: None

Abstract: The FDIC is proposing to amend its regulations concerning 
annual independent audits and reporting requirements, which implement 
section 36 of the Federal Deposit Insurance Act (FDI Act). Section 36 
and the FDIC's implementing regulations are generally intended to 
facilitate early identification of problems in financial management at 
insured depository institutions with total assets above a certain 
threshold (currently $500 million) through annual independent audits, 
assessments of effectiveness of internal control over financial 
reporting and compliance with designated laws and regulations, and 
related reporting requirements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/02/05                    70 FR 44293
NPRM Comment Period End         09/16/05
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/propose.html

URL For Public Comments:
http://www.fdic.gov/regulations/laws/federal/2005/05comaudits.html

Agency Contact: Michelle Borzillo, Counsel, Legal Division, Federal 
Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-7400

RIN: 3064-AC91
_______________________________________________________________________




3932. [bull] IDENTITY THEFT RED FLAGS AND ADDRESS DISCREPANCIES UNDER 
THE FAIR AND ACCURATE CREDIT TRANSACTIONS ACT OF 2003

Priority: Other Significant

Legal Authority: 12 USC 1818; 12 USC 1819(Tenth); 15 USC 1681(b) to 
1681(c); 15 USC 1681(m); 15 USC 1681s; 15 USC 1681w; 15 USC 6801; 15 
USC 6805; . . .

CFR Citation: 12 CFR 334 and 364

Legal Deadline: None

Abstract: The OCC, Board, FDIC, OTS, NCUA, and FTC (Agencies) request 
comment on a proposal that would implement sections 114 and 315 of the 
Fair and Accurate Credit Transactions Act of 2003 (FACT Act). As 
required by section 114, the Agencies are jointly proposing guidelines 
for financial institutions and creditors identifying patterns, 
practices, and specific forms of activity, that indicated the possible 
existence of identity theft.

[[Page 74224]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/18/06                    71 FR 40786
NPRM Comment Period End         09/18/06
Final Action                    01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/propose.html

Agency Contact: Richard M. Schwartz, Counsel, Federal Deposit Insurance 
Corporation, Washington, DC 20429
Phone: 202 898-7424

RIN: 3064-AD00
_______________________________________________________________________




3933. [bull] DEPOSIT INSURANCE ASSESSMENTS--DESIGNATED RESERVE RATIO

Priority: Other Significant

Legal Authority: 12 USC 1441; 12 USC 1441b; 12 USC 1813; 12 USC 1815; 
12 USC 1817 to 1819; . . .

CFR Citation: 12 CFR Part 327

Legal Deadline: None

Abstract: Under the Federal Deposit Insurance Reform Act of 2005 (the 
Act), the Federal Deposit Insurance Corporation(FDIC), must by 
regulation set the Designated Reserve Ratio (DRR) for the Deposit 
Insurance Fund (DIF) within a range of 1.15 percent to 1.50 percent of 
estimated insured deposits. In this rulemaking, the FDIC seeks comment 
on the proposal to establish the DRR for the DIF at 1.25 percent of 
estimated insured deposits.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/24/06                    71 FR 41976
NPRM Comment Period End         09/22/06
Final Action                    01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/propose.html

Agency Contact: Christopher Bellotto, Counsel, Federal Deposit 
Insurance Corporation, Washington, DC 20429
Phone: 202 898-3801

RIN: 3064-AD02
_______________________________________________________________________




3934. [bull] ASSESSMENTS

Priority: Other Significant

Legal Authority: 12 USC 1441; 12 USC 1813; 12 USC 1815; 12 USC 1718 to 
1819; 12 USC 1821; . . .

CFR Citation: 12 CFR 327

Legal Deadline: None

Abstract: The FDIC published a proposed rule to amend 12 CFR 327 to 
make the deposit insurance assessment system react more quickly and 
more accurately to changes to institutions' risk profiles, and doing so 
to eliminate several cause for complaint by insured depository 
institutions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/18/06                    71 FR 28790
NPRM Comment Period End         07/17/06
Final Action                    01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/propose.html

Agency Contact: Christopher Bellotto, Counsel, Federal Deposit 
Insurance Corporation, Washington, DC 20429
Phone: 202 898-3801

RIN: 3064-AD03
_______________________________________________________________________




3935. [bull] ADVERTISEMENT OF MEMBERSHIP

Priority: Other Significant

Legal Authority: 12 USc 1818(a); 12 USC 1819(Tenth); 12 USc 1828(a)

CFR Citation: 12 CFR 328

Legal Deadline: None

Abstract: The FDIC published a proposed rule to revise its regulation 
governing official FDIC signs and advertising of FDIC membership. The 
proposed rule would replace the separate signs used by Bank Insurance 
Fund (BIF) and Savings Association Insurance Fund (SAIF) members with a 
new sign, or insurance logo, to be used by all insured depository 
institutions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/17/06                    71 FR 40440
NPRM Comment Period End         09/15/06
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/propose.html

URL For Public Comments:
http://www.fdic.gov/regulations/laws/federal/2006/06commembership.html

Agency Contact: Richard Foley, Counsel, Federal Deposit Insurance 
Corporation, Washington, DC 20429
Phone: 202 898-3784

RIN: 3064-AD05
_______________________________________________________________________




3936. [bull] PENALTIES FOR FAILURE TO TIMELY PAY ASSESSMENTS

Priority: Other Significant

Legal Authority: 5 USC 504; 12 USC 93(b); 12 USC 164; 12 USC 554 to 
557; . . .

CFR Citation: 12 CFR 308

Legal Deadline: None

Abstract: The Federal Deposit Insurance Corporation published a 
proposed rule concerning penalties for failure to timely pay 
assessments in compliance with the Federal Deposit Insurance Reform Act 
of 2005, which amended provisions of the Federal Deposit Insurance Act. 
The revisions generally provide that an insured depository institution 
which fails or refuses to pay any assessment shall be subject to a 
penalty of not more than 1 percent of the assessment due for each day 
the violation continues.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/19/06                    71 FR 40938
NPRM Comment Period End         09/18/06
Final Action                    01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/propose.html

[[Page 74225]]

Agency Contact: Christopher Bellotto, Counsel, Federal Deposit 
Insurance Corporation, Washington, DC 20429
Phone: 202 898-3801

RIN: 3064-AD06
_______________________________________________________________________




3937. [bull] ASSESSMENTS

Priority: Other Significant

Legal Authority: 12 USC 1441; 12 USC 1813; 12 USC 1815; 12 USC 1817 to 
1819; . . .

CFR Citation: 12 CFR 327

Legal Deadline: None

Abstract: The Federal Deposit Insurance Reform act of 2005 requires 
that the Federal Deposit Insurance Corporation prescribe final 
regulations, after notice and opportunity for comment, to provide for 
deposit insurance assessments under section 7(b) of the Federal Deposit 
Insurance Act. The FDIC published a proposed rule to amend 12 CFR 327 
to: (1) Create different risk differentiation frameworks for smaller 
and larger institutions that are well capitalized and well managed; (2) 
establish a common risk differentiation framework for all other insured 
institutions; and (3) establish a base assessment rate schedule.
On October 16th 2004, the FDIC supplemented this ``Assessment'' 
proposed rule making with an initial regulatory flexibility analysis to 
aid the public in commenting upon the small business impact of this 
rule. See 71 FR 60674, October 16, 2006.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/24/06                    71 FR 41910
NPRM Comment Period End         09/22/06
Final Action                    01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/propose.html

Agency Contact: Christopher Bellotto, Counsel, Federal Deposit 
Insurance Corporation, Washington, DC 20429
Phone: 202 898-3801

RIN: 3064-AD09
_______________________________________________________________________


Federal Deposit Insurance Corporation (FDIC)          Long-Term Actions


  



_______________________________________________________________________




3938. FILING PROCEDURES; TRANSACTIONS WITH AFFILIATES

Priority: Other Significant

CFR Citation: 12 CFR 303; 12 CFR 324

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/17/04                    69 FR 12571
NPRM Comment Period End         05/03/04
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Thomas Bolt
Phone: 202 898-6750

RIN: 3064-AC78
_______________________________________________________________________




3939. INTERSTATE BANKING; FEDERAL INTEREST RATE AUTHORITY

Priority: Other Significant

CFR Citation: 12 CFR 331 and 362

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/14/05                    70 FR 60019
NPRM Comment Period End         12/13/05
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Robert C Fick
Phone: 202 898-8962

RIN: 3064-AC95
_______________________________________________________________________


Federal Deposit Insurance Corporation (FDIC)          Completed Actions


  



_______________________________________________________________________




3940. ASSESSMENTS--ASSESSMENT BASE

Priority: Other Significant

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

CFR Citation: 12 CFR 327

Legal Deadline: None

Abstract: In 1994, 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, FDIC plans to revisit the issue with a new advance 
notice of proposed rulemaking 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
Withdrawn                       08/31/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Munsell St. Clair, Senior Policy Analyst, Division of 
Insurance and Research, Federal Deposit Insurance Corporation, 
Washington, DC 20429
Phone: 202 898-8967

RIN: 3064-AB46

[[Page 74226]]

_______________________________________________________________________




3941. 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 OCC, FRB, and 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 notice of 
proposed rulemaking 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 criterion in the Gramm-Leach-Bliley Act, sections 
201 or 202, which are being withdrawn until further notice.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/30/96                    61 FR 68824
NPRM Comment Period End         02/28/97
Withdrawn                       08/31/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Michael Phillips, Counsel, Legal Division, Federal 
Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-3581

Related RIN: Related to 3064-AC42
RIN: 3064-AB85
_______________________________________________________________________




3942. FAIR CREDIT REPORTING ACT REGULATIONS

Priority: Other Significant

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

CFR Citation: 12 CFR 334

Legal Deadline: None

Abstract: The OCC, Board, FDIC, and OTS published for comment proposed 
regulations implementing the provisions of the Fair Credit Reporting 
Act that permit institutions to communicate consumer information to 
their affiliates (affiliate information sharing) without incurring the 
obligations of consumer reporting agencies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/20/00                    65 FR 63120
NPRM Comment Period End         12/04/00
Withdrawn                       08/31/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/00propose.html

Agency Contact: Richard M. Schwartz, Counsel, Federal Deposit Insurance 
Corporation, Washington, DC 20429
Phone: 202 898-7424

RIN: 3064-AC35
_______________________________________________________________________




3943. [bull] DEPOSIT INSURANCE REGULATIONS; INFLATION INDEX; CERTAIN 
RETIREMENT ACCOUNTS AND EMPLOYEE BENEFIT PLAN ACCOUNTS

Priority: Other Significant

Legal Authority: 12 USC 1813(l); 12 USC 1813(m); 12 USC 1817(i); 12 USC 
1818(q); 12 USC 1819 (Tenth); 12 USC 1820(f); 12 USC 1821(a); 12 USC 
1822(c)

CFR Citation: 12 CFR Part 330

Legal Deadline: None

Abstract: The FDIC published a proposed rule amending its deposit 
insurance regulations to implement applicable revisions to the Federal 
Deposit Insurance Act made by the Federal Deposit Insurance Reform Act 
of 2005 and the Federal Deposit Insurance Reform Conforming Amendments 
Act of 2005. The interim rule: Provides for consideration of inflation 
adjustments to increase the current standard maximum deposit insurance 
amount of $100,000 on a five-year cycle beginning in 2010; increases 
the deposit insurance limit for certain retirement accounts from 
$100,00 to 250,000 also subject to inflation adjustments; and provides 
per-participant insurance coverage to employee benefit plan accounts, 
even if the depository institution at which the deposits are placed is 
not authorized to accept employee benefit plan deposits.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/23/06                    71 FR 14629
Interim Final Rule Effective    04/01/06
Interim Final Rule Comment 
Period End                      05/22/06
Final Action                    09/12/06                    71 FR 53547

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/final.html

URL For Public Comments:
http://www.fdic.gov/regulations/laws/federal/2006/06cominflation.html

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

RIN: 3064-AD01
_______________________________________________________________________




3944. [bull] REVISIONS TO REFLECT THE MERGER OF THE BANK INSURANCE FUND 
AND THE SAVINGS ASSOCIATION INSURANCE FUND

Priority: Other Significant

Legal Authority: 12 USC 378; 12 USC 1813; 12 USC 1815; 12 USC 1817 to 
1818; 12 USC 1819(Seventh); 12 USC 1819(Tenth); 12 USC 1820; 12 USC 
1823; 12 USC 1828; 12 USC 1831a; . . .

CFR Citation: 12 CFR 303; 12 CFR 308; 12 CFR 312; 12 CFR 336; 12 CFR 
347 to 348; 12 CFR 357; 12 CFR 362 to 364; 12 CFR 366 to 367

Legal Deadline: None

Abstract: The FDIC amended its regulations to reflect the recent merger 
of the Bank Insurance Fund and the Savings Association Insurance Fund, 
forming the Deposit Insurance Fund. The merger of the two deposit 
insurance funds was required by the Federal Deposit Insurance Reform 
Act of 2005 and was effectuated by the FDIC as of March 31, 2006.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/21/06                    71 FR 20524

Regulatory Flexibility Analysis Required: No

[[Page 74227]]

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/final.html

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

RIN: 3064-AD04
_______________________________________________________________________




3945. [bull] DIVIDENDS

Priority: Other Significant

Legal Authority: 12 USC 1817(e)(2); 12 USC 1817(e)(4)

CFR Citation: 12 CFR 327

Legal Deadline: None

Abstract: The Federal Deposit Insurance Corporation (``FDIC'') 
published a proposed rule to amend 12 CFR 327 to implement the dividend 
requirements in the recently enacted Federal Deposit Insurance Reform 
Act of 2005 (``Reform Act'') and the Federal Deposit Insurance Reform 
Conforming Amendments Act of 2005 (``Amendments Act'') for an initial 
two-year period. The proposed rule would sunset on December 31, 2008. 
If this proposal is adopted, during 2007, the FDIC would plan to 
undertake a second notice-and-comment rulemaking beginning with an 
Advanced Notice of Proposed Rulemaking to explore alternative methods 
for distributing future dividends after this initial two-year period.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/18/06                    71 FR 28804
NPRM Comment Period End         07/17/06
Final Action                    10/18/06                    71 FR 61385

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/propose.html

URL For Public Comments:
http://www.fdic.gov/regulations/laws/federal/2006/06comonetime.html

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

RIN: 3064-AD07
_______________________________________________________________________




3946. [bull] ONE-TIME ASSESSMENT CREDIT

Priority: Other Significant

Legal Authority: 12 USC 1817(e)(3)

CFR Citation: 12 CFR 327

Legal Deadline: None

Abstract: The Federal Deposit Insurance Corporation published a 
proposed rule to amend 12 CFR 327 to implement the one-time assessment 
credit for certain eligible insured depository institutions required by 
the Federal Deposit Insurance Act as amended by the Federal Deposit 
Insurance Reform Act of 2005. The proposed covers: the aggregate amount 
of the one-time credit; the institutions that are eligible to receive 
credits and the amount of each eligible institution's credit.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/18/06                    71 FR 28809
NPRM Comment Period End         07/17/06
Final Action                    10/18/06                    71 FR 61374

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/index.html

URL For Public Comments:
http://www.fdic.gov/regulations/laws/federal/2006/06comonetime.html

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

RIN: 3064-AD08
[FR Doc. 06-7688 Filed 12-08-06; 8:45 am]
BILLING CODE 6714-01-S