[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 23532]]



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 spring 2007 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 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). These amended regulations include the following: 
One-Time Assessment Credit, Operational Systems for Deposit 
Insurance Assessments, Deposit Insurance Assessments, Designated 
Reserve Ratio, and Penalties for Failure to Timely Pay Assessments. 
Moreover, the FDIC revised its regulation governing official FDIC 
signs and advertising of FDIC membership, effective November 13, 
2007.

     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.

                           Federal Deposit Insurance Corporation--Proposed Rule Stage
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                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3540        None Community Reinvestment Act; Interagency Questions and Answers Regarding Community    3064-AC97
            Reinvestment; Notice..................................................................
3541        12 CFR 354 Industrial Banks Subsidiaries of Financial Companies.......................    3064-AD15
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                             Federal Deposit Insurance Corporation--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3542        12 CFR 330 Deposit Insurance Coverage; Stored Value Cards and Other Nontraditional        3064-AC80
            Access Mechanisms.....................................................................
3543        12 CFR 334 Fair Credit Reporting Affiliate Marketing Regulations......................    3064-AC83
3544        12 CFR 363 Annual Independent Audits and Reporting Requirements.......................    3064-AC91
3545        12 CFR 334 Identity Theft Red Flags and Address Discrepancies Under the Fair and          3064-AD00
            Accurate Credit Transactions Act of 2003..............................................
3546        12 CFR 348 Management Official Interlocks.............................................    3064-AD13
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                            Federal Deposit Insurance Corporation--Long-Term Actions
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                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3547        12 CFR 325 Risk-Based Capital Standards: Implementation of New Basel Capital Accord...    3064-AC73
3548        12 CFR 303 Filing Procedures; Transactions With Affiliates............................    3064-AC78
3549        12 CFR 331 Interstate Banking; Federal Interest Rate Authority........................    3064-AC95
3550        12 CFR 325 Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital            3064-AC96
            Maintenance: Domestic Capital Modifications...........................................
3551        Not Yet Determined Large-Bank Deposit Insurance Determination Modernization Proposal..    3064-AC98
3552        12 CFR 334 Procedures To Enhance the Accuracy and Integrity of Information Furnished      3064-AC99
            to Consumer Reporting Agencies........................................................
3553        12 CFR 325 Risked-Based Capital Standards: Market Risk................................    3064-AD10
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[[Page 23533]]


                            Federal Deposit Insurance Corporation--Completed Actions
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                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3554        12 CFR 327 Deposit Insurance Assessments--Designated Reserve Ratio....................    3064-AD02
3555        12 CFR 327 Assessments................................................................    3064-AD03
3556        12 CFR 328 Advertisement of Membership................................................    3064-AD05
3557        12 CFR 308 Penalties for Failure To Timely Pay Assessments............................    3064-AD06
3558        12 CFR 327 Assessments................................................................    3064-AD09
3559        12 CFR 345 Community Reinvestment Act Regulations.....................................    3064-AD11
3560        12 CFR 313 Procedures for Corporate Debt Collection...................................    3064-AD12
3561        12 CFR 349 Repeal of Reports and Public Disclosure of Indebtedness of Executive           3064-AD14
            Officers and Principal Shareholders to a State Nonmember Bank and Its Correspondent
            Banks.................................................................................
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Federal Deposit Insurance Corporation (FDIC)        Proposed Rule Stage


  



_______________________________________________________________________




3540. COMMUNITY REINVESTMENT ACT; INTERAGENCY QUESTIONS AND ANSWERS 
REGARDING COMMUNITY REINVESTMENT; NOTICE

Priority: Other Significant

Legal Authority: Not Yet Determined

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                    06/00/07

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

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
_______________________________________________________________________




3541. [bull] INDUSTRIAL BANKS SUBSIDIARIES OF FINANCIAL COMPANIES

Priority: Other Significant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 12 USC 1811; 12 USC 1815 to 1817; 12 USC 1819(a) 
Seventh and Tenth; 12 USC 1820(g); 12 USC 3108; 12 USC 3207

CFR Citation: 12 CFR 354

Legal Deadline: None

Abstract: The FDIC is publishing for comment proposed rules that would 
impose certain conditions and requirements on each deposit insurance 
application approval and non-objection to a change in control notice 
that would result in an insured industrial loan company or industrial 
bank, becoming after the effective date of any final rules, a 
subsidiary of a company that is engaged soley in financial activities 
and that is not subject to consolidated bank supervision by the Federal 
Reserve Board or the Office of Thrift Supervision.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/05/07                     72 FR 5217
NPRM Comment Period End         05/07/07
Final Action                    08/00/07

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: Robert C Fick, Federal Deposit Insurance Corporation, 
Washington, DC 20249
Phone: 202 898-8962

Thomas Bolt, Federal Deposit Insurance Corporation, Washington, DC 
20429
Phone: 202 898-6750

Ann Johnson, Counsel, Federal Deposit Insurance Corporation, 
Washington, DC 20429
Phone: 202 898-3573

RIN: 3064-AD15

[[Page 23534]]

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Federal Deposit Insurance Corporation (FDIC)           Final Rule Stage


  



_______________________________________________________________________




3542. 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                    07/00/07

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

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
_______________________________________________________________________




3543. FAIR CREDIT REPORTING AFFILIATE MARKETING REGULATIONS

Priority: Other Significant

Legal Authority: 12 USC 1818 to 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                    05/00/07

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
_______________________________________________________________________




3544. 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                    06/00/07

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

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
_______________________________________________________________________




3545. 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 to 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; 12 CFR 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 23535]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

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
_______________________________________________________________________




3546. [bull] MANAGEMENT OFFICIAL INTERLOCKS

Priority: Other Significant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 12 USC 3201 et seq

CFR Citation: 12 CFR 348

Legal Deadline: None

Abstract: The Office of the Comptroller of the Currency, the Board of 
Governors of the Federal Reserve System, the Federal Deposit Insurance 
Corporation, and the Office of Thrift Supervision are amending their 
rules regarding management interlocks to implement section 610 of the 
Financial Services Regulatory Relief Act of 2006 and to correct 
inaccurate cross-references.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/11/07                     72 FR 1274
Interim Final Rule Comment 
Period End                      02/12/07
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 3064-AD13
_______________________________________________________________________


Federal Deposit Insurance Corporation (FDIC)          Long-Term Actions


  



_______________________________________________________________________




3547. RISK-BASED CAPITAL STANDARDS: IMPLEMENTATION OF NEW BASEL CAPITAL 
ACCORD

Priority: Other Significant. Major under 5 USC 801.

CFR Citation: 12 CFR 325

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
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Michael Phillips
Phone: 202 898-3581

RIN: 3064-AC73
_______________________________________________________________________




3548. 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
_______________________________________________________________________




3549. INTERSTATE BANKING; FEDERAL INTEREST RATE AUTHORITY

Priority: Other Significant

CFR Citation: 12 CFR 331; 12 CFR 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
_______________________________________________________________________




3550. RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY GUIDELINES; 
CAPITAL MAINTENANCE: DOMESTIC CAPITAL MODIFICATIONS

Priority: Other Significant. Major under 5 USC 801.

CFR Citation: 12 CFR 325

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           10/20/05                    70 FR 61068
NPRM                            12/26/06                    71 FR 77446
NPRM Comment Period End         03/26/07
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Michael Phillips
Phone: 202 898-3581

RIN: 3064-AC96
_______________________________________________________________________




3551. LARGE-BANK DEPOSIT INSURANCE DETERMINATION MODERNIZATION PROPOSAL

Priority: Other Significant

CFR Citation: Not Yet Determined

[[Page 23536]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/13/05                    70 FR 73652
ANPRM Comment Period End        03/13/06
ANPRM                           12/13/06                    71 FR 74857
ANPRM Comment Period End        03/13/07
NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Joseph A. DiNuzzo
Phone: 202 898-7349

Catherine Ribnick
Phone: 202 736-0117

James Marino
Phone: 202 898-7151

RIN: 3064-AC98
_______________________________________________________________________




3552. PROCEDURES TO ENHANCE THE ACCURACY AND INTEGRITY OF INFORMATION 
FURNISHED TO CONSUMER REPORTING AGENCIES

Priority: Other Significant

CFR Citation: 12 CFR 334

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           03/22/06                    71 FR 14419
ANPRM Comment Period End        05/22/06
NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Richard M. Schwartz
Phone: 202 898-7424

RIN: 3064-AC99
_______________________________________________________________________




3553. RISKED-BASED CAPITAL STANDARDS: MARKET RISK

Priority: Other Significant

CFR Citation: 12 CFR 325

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/25/06                    71 FR 55958
NPRM Comment Period End         01/23/07
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Michael Phillips
Phone: 202 898-3581

RIN: 3064-AD10
_______________________________________________________________________


Federal Deposit Insurance Corporation (FDIC)          Completed Actions


  



_______________________________________________________________________




3554. 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 327

Legal Deadline: None

Abstract: Under the Federal Deposit Insurance Reform Act of 2005, 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. In this rulemaking, the 
FDIC establishes the DRR for the DIF at 1.25 percent.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/24/06                    71 FR 41976
NPRM Comment Period End         09/22/06
Final Action                    11/30/06                    71 FR 69323

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

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

RIN: 3064-AD02
_______________________________________________________________________




3555. ASSESSMENTS

Priority: Other Significant

Legal Authority: 12 USC 1441; 12 USC 1813; 12 USC 1815; 12 USC 1817 to 
1819; 12 USC 1821;

CFR Citation: 12 CFR 327

Legal Deadline: None

Abstract: The FDIC is improving and modernizing its operational systems 
for deposit insurance assessments in 12 CFR part 327 to make the 
deposit insurance assessment system react more quickly and more 
accurately to changes in institutions' risk profiles and to ameliorate 
several causes for complaint by insured depository institutions. Under 
the amendments set out in this final rule, deposit insurance 
assessments will be collected after each quarter ends--which will allow 
for consideration of more current information than under the prior 
rule. Ratings changes will become effective when the rating change is 
transmitted to the institution. Although the FDIC will retain the 
existing assessment base as applied in practice with only minor 
modifications, the computation of institutions' assessment bases will 
change in the following significant ways: institutions with $1 billion 
or more in assets will determine their assessment bases using average 
daily deposit balances; existing smaller institutions will have the 
option of using average daily deposits to determine their assessment 
bases; and the float deductions used to determine the assessment base 
will be eliminated. In addition, the rules governing assessments of 
institutions that go out of business will be simpler; newly insured 
institutions will be assessed for the assessment period in which they 
become insured; prepayment and double payment options will be 
eliminated; institutions will have 90 days from each quarterly 
certified statement invoice to file requests for review of their risk 
assignment and requests for revision of the computation of their 
quarterly assessment payment; and the rules governing quarterly 
certified statement invoices will be adjusted for a quarterly 
assessment

[[Page 23537]]

system and for a 3-year retention period rather than the former 5-year 
period. This final rule was effective on January 1, 2007.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/18/06                    71 FR 28790
NPRM Comment Period End         07/17/06
Final Action                    11/30/06                    71 FR 69269

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

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

Diane Saulnier, Federal Deposit Insurance Corporation, Arlington, VA 
22226
Phone: 703 562-6167

RIN: 3064-AD03
_______________________________________________________________________




3556. 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                    11/13/06                    71 FR 66098

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

URL For Public Comments:
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

Kathleen G. Nagle, Federal Deposit Insurance Corporation, Washington, 
DC 20429
Phone: 202 898-6541

David P. LaFleur, Federal Deposit Insurance Corporation, Washington, DC 
20429
Phone: 202 898-6569

John M. Jackwood, Federal Deposit Insurance Corporation, Washington, DC 
20429
Phone: 202 898-3991

RIN: 3064-AD05
_______________________________________________________________________




3557. 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 adopted its final 
rule amending its regulations concerning penalties for failure to 
timely pay assessments. The final rule adopts changes made by the 
Federal Deposit Insurance Reform Act of 2005 (``Reform Act''), which 
amended provisions of the Federal Deposit Insurance Act (``FDI Act''). 
The statute generally provides 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. The statute includes an exception if the 
failure to pay results from a dispute with the FDIC over the amount of 
the assessment and the institution deposits satisfactory security with 
the FDIC. The statute includes a provision covering assessment amounts 
of less than $10,000, which authorizes penalties up to $100 per day. 
Finally, the statute accords the FDIC discretion to compromise, modify 
or remit any penalty imposed on a finding that good cause prevented 
timely payment. The final rule amends the FDIC's former rule concerning 
late assessment penalties, in conformity with these provisions of the 
Reform Act. This final rule was effective on January 1, 2007.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/19/06                    71 FR 40938
NPRM Comment Period End         09/18/06
Final Action                    11/09/06                    71 FR 65711

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

Diane Saulnier, Federal Deposit Insurance Corporation, Arlington, VA 
22226
Phone: 703 562-6167

Stephen Weisweaver, Federal Deposit Insurance Corporation, Washington, 
DC 20429
Phone: 202 898-6976

William V. Farrell, Federal Deposit Insurance Corporation, Arlington, 
VA 22226
Phone: 703 562-6168

RIN: 3064-AD06
_______________________________________________________________________




3558. 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 (the FDIC) prescribe 
final regulations, after notice and opportunity for comment, to provide

[[Page 23538]]

for deposit insurance assessments under section 7(b) of the Federal 
Deposit Insurance Act (the FDI Act). In this rulemaking, the FDIC is 
amending its regulations to create a new risk differentiation system, 
to establish a new base assessment rate schedule, and to set assessment 
rates effective January 1, 2007.
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                    11/30/06                    71 FR 69282

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 3064-AD09
_______________________________________________________________________




3559. [bull] COMMUNITY REINVESTMENT ACT REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 21 to 22; 12 USC 26 to 27; 12 USC 30; 12 USC 
36;

CFR Citation: 12 CFR 345

Legal Deadline: None

Abstract: The OCC, The Board, and the FDIC are publishing this joint 
final rule to reinsert a provision that was removed when the Agencies 
revised their Community Reinvestment Act regulations In August 2005. 
This change is technical only and does not make any substantive 
revisions. The Agencies are also amending their CRA regulations to 
increase the asset-size threshold to be used to define ``small bank'' 
and ``intermediate small bank.'' The regulation is amended to state the 
increase in the threshold amount based on the annual percentage change 
in the Consumer Price Index.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/29/06                    71 FR 78335

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 3064-AD11
_______________________________________________________________________




3560. [bull] PROCEDURES FOR CORPORATE DEBT COLLECTION

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 5514; 12 USC 1819(a); PL 104-143 110 Stat. 1321; 
31 USC 3701; 31 USC 3711; 31 USC 3716

CFR Citation: 12 CFR 313

Legal Deadline: None

Abstract: The Federal Deposit Insurance Corporation is amending 12 CFR 
part 313, Procedures for Corporate Debt Collection, to include 
delinquent criminal restitution debt within the debt covered by part 
313.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/18/06                    71 FR 75659

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Rex Taylor, Counsel, Federal Deposit Insurance 
Corporation, Arlington, VA 22226
Phone: 703 562-2453

RIN: 3064-AD12
_______________________________________________________________________




3561. [bull] REPEAL OF REPORTS AND PUBLIC DISCLOSURE OF INDEBTEDNESS OF 
EXECUTIVE OFFICERS AND PRINCIPAL SHAREHOLDERS TO A STATE NONMEMBER BANK 
AND ITS CORRESPONDENT BANKS

Priority: Other Significant

Legal Authority: 12 USC 1972(2)

CFR Citation: 12 CFR 349

Legal Deadline: None

Abstract: The Federal Deposit Insurance Corporation is repealing its 
regulations governing reporting on lending by a State nonmember bank 
and its correspondent banks to executive officers and principal 
shareholders. The FDIC is taking this action in accordance with the 
Financial Services Regulatory Relief Act of 2006, section 601, which 
repealed the provision under which the FDIC promulgated these 
regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/29/06                    71 FR 78337

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 3064-AD14
[FR Doc. 07-01417 Filed 04-27-07; 8:45 am]
BILLING CODE 6714-01-S
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