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2018-01-06
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Proposed Statement of Policy for Participation in the Conduct of the Affairs of an Insured Depository Institution by Persons Who Have Been Convicted or Have Entered a Pretrial Diversion or Similar Program for Certain Offenses Pursuant to Section 19 of the Federal Deposit Insurance Act
Notices
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D09002ee1bdb98335
United States
Federal Deposit Insurance Corporation
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United States Government Agency or Subagency
The FDIC seeks to update its Statement of Policy (SOP), which is issued pursuant to Section 19 of the Federal Deposit Insurance Act (FDI Act) (Section 19). Section 19 prohibits, without the prior written consent of the FDIC, any person from participating in banking who has been convicted of a crime of dishonesty or breach of trust or money laundering, or who has entered a pretrial diversion or similar program in connection with the prosecution for such an offense. Based upon its experience with the application of the SOP since 1998, the FDIC is now proposing to revise and issue an updated SOP and rescind the current SOP, and is seeking comments on the proposed revisions by issuing this Federal Register Notice. Notably, in addition to minor format and technical changes, as well as clarifying changes, the FDIC is proposing to expand its current de minimis exception to encompass insufficient funds checks of aggregate moderate value; small dollar, simple theft; and isolated, minor offenses committed by young adults. These carefully measured changes are intended to reduce regulatory burden by decreasing the number of covered offenses that will require an application, while ensuring that insured institutions are not subject to risk by convicted persons.
83 FR 807
https://www.govinfo.gov/app/details/FR-2018-01-08/2017-28222
2017-28222
fr08ja18-34
6714-01-P
https://www.govinfo.gov/app/details/FR-2018-01-08/2017-28222
https://www.govinfo.gov/content/pkg/FR-2018-01-08/html/2017-28222.htm
https://www.govinfo.gov/content/pkg/FR-2018-01-08/pdf/2017-28222.pdf
7 p.
807
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83 FR 807
Proposed Statement of Policy for Participation in the Conduct of the Affairs of an Insured Depository Institution by Persons Who Have Been Convicted or Have Entered a Pretrial Diversion or Similar Program for Certain Offenses Pursuant to Section 19 of the Federal Deposit Insurance Act; Federal Register Vol. 83, Issue
NOTICE
2017-28222
FEDERAL DEPOSIT INSURANCE CORPORATION
2018-03-09
6714-01-P
2017-28222
Notice.
The FDIC seeks to update its Statement of Policy (SOP), which is issued pursuant to Section 19 of the Federal Deposit Insurance Act (FDI Act) (Section 19). Section 19 prohibits, without the prior written consent of the FDIC, any person from participating in banking who has been convicted of a crime of dishonesty or breach of trust or money laundering, or who has entered a pretrial diversion or similar program in connection with the prosecution for such an offense. Based upon its experience with the application of the SOP since 1998, the FDIC is now proposing to revise and issue an updated SOP and rescind the current SOP, and is seeking comments on the proposed revisions by issuing this Federal Register Notice. Notably, in addition to minor format and technical changes, as well as clarifying changes, the FDIC is proposing to expand its current de minimis exception to encompass insufficient funds checks of aggregate moderate value; small dollar, simple theft; and isolated, minor offenses committed by young adults. These carefully measured changes are intended to reduce regulatory burden by decreasing the number of covered offenses that will require an application, while ensuring that insured institutions are not subject to risk by convicted persons.
Comments must be received on or before March 9, 2018.
Brian Zeller, Review Examiner, (319) 395-7394 x4125, or Larisa Collado, Section Chief, (202) 898-8509, in the Division of Risk Management Supervision; or Michael P. Condon, Counsel, (202) 898-6536, or Andrea Winkler, Supervisory Counsel, (202) 898-3727 in the Legal Division.
Participation in Conduct of Affairs of Insured Depository Institution by Persons Who Have Been Convicted or Have Entered Pretrial Diversion or Similar Program for Certain Offenses Pursuant to Section 19 of Federal Deposit Insurance Act
,
Comments@fdic.gov
oira_submission@omb.eop.gov
http://www.FDIC.gov/regulations/laws/federal/
https://www.fdic.gov/regulations/laws/federal/
www.fdic.gov
Federal Register
Vol. 83, no. 5
Office of the Federal Register, National Archives and Records Administration
2018-01-08
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daily
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274 p.
Table of Contents:
AE 2.7:
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https://www.govinfo.gov/app/details/FR-2018-01-08
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0097-6326
0042-1219
0364-1406
769-004-00000-9
000582072
f:fr08ja18
https://www.govinfo.gov/app/details/FR-2018-01-08
https://www.govinfo.gov/content/pkg/FR-2018-01-08/pdf/FR-2018-01-08.pdf
https://www.govinfo.gov/content/pkg/FR-2018-01-08/xml/FR-2018-01-08.xml
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