69990 Federal Register / Vol. 67, No. 224 / Wednesday, November 20, 2002 / Rules and Regulations
Initial Certificate Effective Date: May
7, 1993.
Amendment Number 1 Effective Date:
May 30, 2000.
Amendment Number 2 Effective Date:
September 5, 2000.
Amendment Number 3 Effective Date:
May 21, 2001.
Amendment Number 4 Effective Date:
February 3, 2003.
SAR Submitted by: Pacific Sierra
Nuclear Associates.
SAR Title: Final Safety Analysis
Report for the Ventilated Storage Cask
System.
Docket Number: 72–1007.
Certificate Expiration Date: May 7,
2013.
Model Number: VSC–24.
* * * * *
For the Nuclear Regulatory Commission.
Dated at Rockville, Maryland, this 1st day
of Nov., 2002.
William D. Travers,
Executive Director for Operations.
[FR Doc. 02–29485 Filed 11–19–02; 8:45 am]
BILLING CODE 7590 –01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Part 366
RIN 3064–AC29
Minimum Standards of Integrity and
Fitness for an FDIC Contractor
AGENCY: Federal Deposit Insurance
Corporation.
ACTION: Final rule.
SUMMARY: The Federal Deposit
Insurance Corporation (FDIC) is issuing
this rule which governs conflicts of
interest, ethical responsibilities, and use
of confidential information by
independent contractors seeking to do
business with the FDIC. This rule
ensures that any individual who is
performing, directly or indirectly, any
function or service on behalf of the FDIC
meets minimum standards of integrity
and fitness. It also prohibits certain
persons from performing any service on
behalf of the FDIC. This rule makes four
changes from the interim final rule that
the FDIC published on May 15, 2002.
These changes are described below in
Section II of the SUPPLEMENTARY
INFORMATION.
EFFECTIVE DATE: December 20, 2002.
FOR FURTHER INFORMATION CONTACT:
Martin A. Blumenthal, Counsel, (202)
736–0359, Peter M. Somerville, Counsel,
(202) 736–0110, or Thomas E. Nixon,
Senior Attorney, (202) 898–8766, Legal
Division, Federal Deposit Insurance
Corporation, 550 17th Street, NW.,
Washington, DC 20429. These are not
toll-free numbers.
SUPPLEMENTARY INFORMATION:
I. Introduction
A. Overview
This rule sets forth integrity and
fitness provisions for FDIC contractors
in three areas. The first area regards
those persons from whom the FDIC is
prohibited from entering into a contract.
The second area identifies integrity and
fitness responsibilities for independent
contractors. These include conflicts of
interest, minimum standards of ethical
responsibility, confidential information,
and information that contractors must
disclose to the FDIC. The last area
regards a contractor’s expectations,
rights and obligations. These include
what advice and determinations the
FDIC will provide a contractor,
reconsiderations and reviews of those
determinations, and the possible
consequences a person may face for
violating the provisions of this rule.
B. Authority
The statutory authorities for adopting
this rule are our general rulemaking
authority found at section 9 (Tenth) of
the Federal Deposit Insurance Act (FDI
Act), 12 U.S.C. 1819 (Tenth); and
sections 12(f)(3) and (4) of the FDI Act,
12 U.S.C. 1822(f)(3) and (4). Section 19
of the Resolution Trust Corporation
Completion Act (RTCCA), Public Law
103–204, 107 Stat. 2369 (1993), required
the addition of section 12(f) to the FDI
Act.
We may establish other integrity and
fitness policies where we determine
such policies are required by law or
appropriate to maintain the integrity of
our programs. Any such policies may be
independent of, in conjunction with, or
in addition to the restrictions set forth
in this rule.
We may also, temporarily or
permanently, suspend this rule or
exempt a person from compliance with
any part of this rule for good cause
shown, in order to protect our interests
or to provide an orderly transfer of
services to another person.
C. Background
The contractor integrity and fitness
rules, based on statutory requirements,
are regulatory tools the FDIC uses to
assure that certain of its contractors
meet minimum standards of
competence, experience, integrity and
fitness. See Federal Home Loan Bank
Act, section 21A(p)(6), as added by
section 501(a) of the Financial
Institutions Reform, Recovery, and
Enforcement Act of 1989, Public Law
101–73, 103 Stat. 183. This statute was
enacted to ensure that no person who
contributed to the failure of an insured
depository institution could contract
with the FDIC without disclosure and
considerable scrutiny.
On June 24, 1994, we published a
proposed rule applicable to
independent contractors (59 FR 32661–
32668), as required by section 12(f)(3) of
the FDI Act, 12 U.S.C. 1822(f)(3). That
rulemaking proposed standards
governing conflicts of interest, ethical
responsibilities, and use of confidential
information. It also proposed
procedures for ensuring that
independent contractors meet minimum
standards for competence, experience,
integrity, and fitness. We received six
comment letters. After careful
consideration of each comment and
numerous changes that the Office of
Government Ethics (OGE) requested, we
made appropriate modifications to the
proposal resulting in the reorganization
and modification of some provisions.
On March 11, 1996, we adopted an
interim final rule entitled, ‘‘Contractor
Conflicts of Interest’’, (61 FR 9590), with
the concurrence of OGE. We determined
that an interim final rule was
appropriate in order to allow interested
parties to comment on the rule while
providing prompt implementation of the
rule to satisfy concerns relating to the
merger of the RTC into the FDIC. We
received only one comment on the
interim final rule and it was non-
substantive.
On May 15, 2002, we published an
interim final rule requesting public
comment. The interim rule represented
a fundamental reconsideration of our
obligations under the RTCCA. We
received no public comments in
response to our May 2002 interim final
rule.
II. Final Rule
We are adopting the May 2002 interim
final rule with four minor changes.
First, in the interim final rule,
§ 366.12(c) stated that contractors are
required to disclose waste, fraud, abuse
or corruption to us. We are adding to
§ 366.12(c) a telephone number and an
email address that can be used to make
such reports to the FDIC Inspector
General. Second, in the interim final
rule, § 366.12(d)(4) prohibited
contractors from making impermissible
gifts or entertainment to an FDIC
employee. We are extending this
prohibition to gifts made by FDIC
contractors to other FDIC contractors, as
well as FDIC employees. This is because
there can be occasions in which FDIC
VerDate 0ct<31>2002 14:01 Nov 19, 2002 Jkt 200001 PO 00000 Frm 00004 Fmt 4700 Sfmt 4700 E:\FR\FM\20NOR1.SGM 20NOR1
Initial Certificate Effective Date: May
7, 1993.
Amendment Number 1 Effective Date:
May 30, 2000.
Amendment Number 2 Effective Date:
September 5, 2000.
Amendment Number 3 Effective Date:
May 21, 2001.
Amendment Number 4 Effective Date:
February 3, 2003.
SAR Submitted by: Pacific Sierra
Nuclear Associates.
SAR Title: Final Safety Analysis
Report for the Ventilated Storage Cask
System.
Docket Number: 72–1007.
Certificate Expiration Date: May 7,
2013.
Model Number: VSC–24.
* * * * *
For the Nuclear Regulatory Commission.
Dated at Rockville, Maryland, this 1st day
of Nov., 2002.
William D. Travers,
Executive Director for Operations.
[FR Doc. 02–29485 Filed 11–19–02; 8:45 am]
BILLING CODE 7590 –01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Part 366
RIN 3064–AC29
Minimum Standards of Integrity and
Fitness for an FDIC Contractor
AGENCY: Federal Deposit Insurance
Corporation.
ACTION: Final rule.
SUMMARY: The Federal Deposit
Insurance Corporation (FDIC) is issuing
this rule which governs conflicts of
interest, ethical responsibilities, and use
of confidential information by
independent contractors seeking to do
business with the FDIC. This rule
ensures that any individual who is
performing, directly or indirectly, any
function or service on behalf of the FDIC
meets minimum standards of integrity
and fitness. It also prohibits certain
persons from performing any service on
behalf of the FDIC. This rule makes four
changes from the interim final rule that
the FDIC published on May 15, 2002.
These changes are described below in
Section II of the SUPPLEMENTARY
INFORMATION.
EFFECTIVE DATE: December 20, 2002.
FOR FURTHER INFORMATION CONTACT:
Martin A. Blumenthal, Counsel, (202)
736–0359, Peter M. Somerville, Counsel,
(202) 736–0110, or Thomas E. Nixon,
Senior Attorney, (202) 898–8766, Legal
Division, Federal Deposit Insurance
Corporation, 550 17th Street, NW.,
Washington, DC 20429. These are not
toll-free numbers.
SUPPLEMENTARY INFORMATION:
I. Introduction
A. Overview
This rule sets forth integrity and
fitness provisions for FDIC contractors
in three areas. The first area regards
those persons from whom the FDIC is
prohibited from entering into a contract.
The second area identifies integrity and
fitness responsibilities for independent
contractors. These include conflicts of
interest, minimum standards of ethical
responsibility, confidential information,
and information that contractors must
disclose to the FDIC. The last area
regards a contractor’s expectations,
rights and obligations. These include
what advice and determinations the
FDIC will provide a contractor,
reconsiderations and reviews of those
determinations, and the possible
consequences a person may face for
violating the provisions of this rule.
B. Authority
The statutory authorities for adopting
this rule are our general rulemaking
authority found at section 9 (Tenth) of
the Federal Deposit Insurance Act (FDI
Act), 12 U.S.C. 1819 (Tenth); and
sections 12(f)(3) and (4) of the FDI Act,
12 U.S.C. 1822(f)(3) and (4). Section 19
of the Resolution Trust Corporation
Completion Act (RTCCA), Public Law
103–204, 107 Stat. 2369 (1993), required
the addition of section 12(f) to the FDI
Act.
We may establish other integrity and
fitness policies where we determine
such policies are required by law or
appropriate to maintain the integrity of
our programs. Any such policies may be
independent of, in conjunction with, or
in addition to the restrictions set forth
in this rule.
We may also, temporarily or
permanently, suspend this rule or
exempt a person from compliance with
any part of this rule for good cause
shown, in order to protect our interests
or to provide an orderly transfer of
services to another person.
C. Background
The contractor integrity and fitness
rules, based on statutory requirements,
are regulatory tools the FDIC uses to
assure that certain of its contractors
meet minimum standards of
competence, experience, integrity and
fitness. See Federal Home Loan Bank
Act, section 21A(p)(6), as added by
section 501(a) of the Financial
Institutions Reform, Recovery, and
Enforcement Act of 1989, Public Law
101–73, 103 Stat. 183. This statute was
enacted to ensure that no person who
contributed to the failure of an insured
depository institution could contract
with the FDIC without disclosure and
considerable scrutiny.
On June 24, 1994, we published a
proposed rule applicable to
independent contractors (59 FR 32661–
32668), as required by section 12(f)(3) of
the FDI Act, 12 U.S.C. 1822(f)(3). That
rulemaking proposed standards
governing conflicts of interest, ethical
responsibilities, and use of confidential
information. It also proposed
procedures for ensuring that
independent contractors meet minimum
standards for competence, experience,
integrity, and fitness. We received six
comment letters. After careful
consideration of each comment and
numerous changes that the Office of
Government Ethics (OGE) requested, we
made appropriate modifications to the
proposal resulting in the reorganization
and modification of some provisions.
On March 11, 1996, we adopted an
interim final rule entitled, ‘‘Contractor
Conflicts of Interest’’, (61 FR 9590), with
the concurrence of OGE. We determined
that an interim final rule was
appropriate in order to allow interested
parties to comment on the rule while
providing prompt implementation of the
rule to satisfy concerns relating to the
merger of the RTC into the FDIC. We
received only one comment on the
interim final rule and it was non-
substantive.
On May 15, 2002, we published an
interim final rule requesting public
comment. The interim rule represented
a fundamental reconsideration of our
obligations under the RTCCA. We
received no public comments in
response to our May 2002 interim final
rule.
II. Final Rule
We are adopting the May 2002 interim
final rule with four minor changes.
First, in the interim final rule,
§ 366.12(c) stated that contractors are
required to disclose waste, fraud, abuse
or corruption to us. We are adding to
§ 366.12(c) a telephone number and an
email address that can be used to make
such reports to the FDIC Inspector
General. Second, in the interim final
rule, § 366.12(d)(4) prohibited
contractors from making impermissible
gifts or entertainment to an FDIC
employee. We are extending this
prohibition to gifts made by FDIC
contractors to other FDIC contractors, as
well as FDIC employees. This is because
there can be occasions in which FDIC
VerDate 0ct<31>2002 14:01 Nov 19, 2002 Jkt 200001 PO 00000 Frm 00004 Fmt 4700 Sfmt 4700 E:\FR\FM\20NOR1.SGM 20NOR1
69991Federal Register / Vol. 67, No. 224 / Wednesday, November 20, 2002 / Rules and Regulations
contractors may make decisions on
behalf of the FDIC. Third, in the interim
final rule, § 366.14(f) established
retention requirements for information
that FDIC contractors submit to the
FDIC pursuant to this rule. The interim
final rule broadly described the
information that must be retained as any
information that the contractor relies
upon regarding their compliance with
part 366. The final rule clarifies that
information the contractor relies upon
includes information that they prepare.
Finally, because the May 2002 interim
final rule was unclear as to which event
triggers the three year retention period,
we are adding the phrase ‘‘which ever
occurs last’’ at the end of the sentence
for further clarification. As a result,
§ 366.12(f) will require contractors to
retain any information they prepare or
rely upon regarding the provisions of
part 366 for a period of three years
following termination or expiration and
final payment of the related contract for
services whichever occurs last.
III. Matters of Regulatory Procedure
A. Regulatory Flexibility Act
Pursuant to section 605(b) of the
Regulatory Flexibility Act (5 U.S.C. 601
et seq.), the FDIC certifies that the final
rule will not have a significant
economic impact on a substantial
number of small entities. This rule,
which finalizes the May 2002 interim
final rule, imposes no new compliance
burdens on small entities within the
meaning of the Regulatory Flexibility
Act.
Our May 2002 interim final rule noted
that we were reviewing this rule
pursuant to our responsibilities under
section 610 of the Regulatory Flexibility
Act and requested public comment
about our review. A section 610 review
requires us to consider how we could
minimize the economic impact of the
rule on small businesses while
remaining consistent with the objectives
of the statute that requires the rule. Our
May 2002 interim rulemaking resulted
from a careful consideration of how we
could minimize the burden of the 1996
rule. Based on our review under section
610, we conclude that the May 2002
rule changes should successfully reduce
burden on small businesses with whom
we contract and that no further changes
are necessary now.
B. Paperwork Reduction Act
In accordance with the Paperwork
Reduction Act (44 U.S.C. 3501 et seq.),
we may not conduct or sponsor, and a
person is not required to respond to, a
collection of information unless it
displays a currently valid Office of
Management and Budget (OMB) control
number. We submitted two collections
of information to OMB for review when
we published the May 2002 interim
final rule.
One collection is titled ‘‘Acquisition
Services Information Requirements,’’
and includes forms that we use to
ensure compliance with our contractor
integrity and fitness regulation and to
make contracting decisions for
contractors other than legal service
providers. The May 2002 rule changed
the definitions of some of the terms
used on OMB approved contracting
forms. Each of the changes reduced
estimated burden on our contractors.
OMB approved our changes to the
information collection under control
number 3064–0072, which will expire
June 30, 2005.
The second collection is titled,
‘‘Forms Relating to FDIC Outside
Counsel Services’’ and includes forms
we use to ensure compliance with our
contractor integrity and fitness
regulation, to make contracting
decisions, and to control payments to
law firms and legal support service
providers. The May 2002 rulemaking
affected the definition of terms on one
of the 13 forms in that collection and
reduced the estimated burden in
completing the form. OMB approved
our changes to the information
collection under control number 3064–
0122, which will expire June 30, 2005.
C. The Treasury and General
Government Appropriations Act, 1999—
Assessment of Federal Regulations and
Policies on Families
We have determined that this rule
will not affect family well-being within
the meaning of section 654 of the
Treasury and Government
Appropriations Act, 1999, Public Law
105–277, 112 Stat. 2681 (1998).
D. Small Business Regulatory
Enforcement Fairness Act
The Small Business Regulatory
Enforcement Fairness Act of 1996
(SBREFA) (Pub. L. 104–121) provides
generally for agencies to report rules to
Congress for review. The reporting
requirement is triggered when the FDIC
issues a final rule as defined by the
Administrative Procedure Act (APA) at
5 U.S.C. 551. Because the FDIC is
issuing a final rule as defined by the
APA, the FDIC will file the reports
required by the SBREFA. The Office of
Management and Budget has
determined that this final rule does not
constitute a ‘‘major rule’’ as defined by
the SBREFA.
List of Subjects in 12 CFR Part 366
Contractor conflicts of interest,
Government contracts, Reporting and
recordkeeping requirement.
For the reasons set forth in the
preamble, we hereby revise part 366 of
chapter III of title 12 of the Code of
Federal Regulations to read as follows:
PART 366—MINIMUM STANDARDS OF
INTEGRITY AND FITNESS FOR AN
FDIC CONTRACTOR
Sec.
366.0 Definitions.
366.1 What is the purpose of this part?
366.2 What is the scope of this part?
366.3 Who cannot perform contractual
services for the FDIC?
366.4 When is there a pattern or practice of
defalcation?
366.5 What causes a substantial loss to a
federal deposit insurance fund?
366.6 How is my ownership or control
determined?
366.7 Will the FDIC waive the prohibitions
under § 366.3?
366.8 Who can grant a waiver of a
prohibition or conflict of interest?
366.9 What other requirements could
prevent me from performing contractual
services for the FDIC?
366.10 When would I have a conflict of
interest?
366.11 Will the FDIC waive a conflict of
interest?
366.12 What are the FDIC’s minimum
standards of ethical responsibility?
366.13 What is my obligation regarding
confidential information?
366.14 What information must I provide the
FDIC?
366.15 What advice or determinations will
the FDIC provide me on the applicability
of this part?
366.16 When may I seek a reconsideration
or review of an FDIC determination?
366.17 What are the possible consequences
for violating this part?
Authority: Section 9 (Tenth) of the Federal
Deposit Insurance Act (FDI Act), 12 U.S.C.
1819 (Tenth); sections 12(f)(3) and (4) of the
FDI Act, 12 U.S.C. 1822(f)(3) and (4); and
section 19 of Pub. L. 103–204, 107 Stat. 2369.
§ 366.0 Definitions.
As used in this part:
(a) The word person refers to an
individual, corporation, partnership, or
other entity with a legally independent
existence.
(b) The terms we, our, and us refer to
the Federal Deposit Insurance
Corporation (FDIC), except when acting
as conservator or operator of a bridge
bank.
(c) The terms I, me, my, mine, you,
and yourself refer to a person who
submits an offer to perform or performs,
directly or indirectly, contractual
services or functions on our behalf.
(d) The phrase insured depository
institution refers to any bank or savings
VerDate 0ct<31>2002 14:01 Nov 19, 2002 Jkt 200001 PO 00000 Frm 00005 Fmt 4700 Sfmt 4700 E:\FR\FM\20NOR1.SGM 20NOR1
contractors may make decisions on
behalf of the FDIC. Third, in the interim
final rule, § 366.14(f) established
retention requirements for information
that FDIC contractors submit to the
FDIC pursuant to this rule. The interim
final rule broadly described the
information that must be retained as any
information that the contractor relies
upon regarding their compliance with
part 366. The final rule clarifies that
information the contractor relies upon
includes information that they prepare.
Finally, because the May 2002 interim
final rule was unclear as to which event
triggers the three year retention period,
we are adding the phrase ‘‘which ever
occurs last’’ at the end of the sentence
for further clarification. As a result,
§ 366.12(f) will require contractors to
retain any information they prepare or
rely upon regarding the provisions of
part 366 for a period of three years
following termination or expiration and
final payment of the related contract for
services whichever occurs last.
III. Matters of Regulatory Procedure
A. Regulatory Flexibility Act
Pursuant to section 605(b) of the
Regulatory Flexibility Act (5 U.S.C. 601
et seq.), the FDIC certifies that the final
rule will not have a significant
economic impact on a substantial
number of small entities. This rule,
which finalizes the May 2002 interim
final rule, imposes no new compliance
burdens on small entities within the
meaning of the Regulatory Flexibility
Act.
Our May 2002 interim final rule noted
that we were reviewing this rule
pursuant to our responsibilities under
section 610 of the Regulatory Flexibility
Act and requested public comment
about our review. A section 610 review
requires us to consider how we could
minimize the economic impact of the
rule on small businesses while
remaining consistent with the objectives
of the statute that requires the rule. Our
May 2002 interim rulemaking resulted
from a careful consideration of how we
could minimize the burden of the 1996
rule. Based on our review under section
610, we conclude that the May 2002
rule changes should successfully reduce
burden on small businesses with whom
we contract and that no further changes
are necessary now.
B. Paperwork Reduction Act
In accordance with the Paperwork
Reduction Act (44 U.S.C. 3501 et seq.),
we may not conduct or sponsor, and a
person is not required to respond to, a
collection of information unless it
displays a currently valid Office of
Management and Budget (OMB) control
number. We submitted two collections
of information to OMB for review when
we published the May 2002 interim
final rule.
One collection is titled ‘‘Acquisition
Services Information Requirements,’’
and includes forms that we use to
ensure compliance with our contractor
integrity and fitness regulation and to
make contracting decisions for
contractors other than legal service
providers. The May 2002 rule changed
the definitions of some of the terms
used on OMB approved contracting
forms. Each of the changes reduced
estimated burden on our contractors.
OMB approved our changes to the
information collection under control
number 3064–0072, which will expire
June 30, 2005.
The second collection is titled,
‘‘Forms Relating to FDIC Outside
Counsel Services’’ and includes forms
we use to ensure compliance with our
contractor integrity and fitness
regulation, to make contracting
decisions, and to control payments to
law firms and legal support service
providers. The May 2002 rulemaking
affected the definition of terms on one
of the 13 forms in that collection and
reduced the estimated burden in
completing the form. OMB approved
our changes to the information
collection under control number 3064–
0122, which will expire June 30, 2005.
C. The Treasury and General
Government Appropriations Act, 1999—
Assessment of Federal Regulations and
Policies on Families
We have determined that this rule
will not affect family well-being within
the meaning of section 654 of the
Treasury and Government
Appropriations Act, 1999, Public Law
105–277, 112 Stat. 2681 (1998).
D. Small Business Regulatory
Enforcement Fairness Act
The Small Business Regulatory
Enforcement Fairness Act of 1996
(SBREFA) (Pub. L. 104–121) provides
generally for agencies to report rules to
Congress for review. The reporting
requirement is triggered when the FDIC
issues a final rule as defined by the
Administrative Procedure Act (APA) at
5 U.S.C. 551. Because the FDIC is
issuing a final rule as defined by the
APA, the FDIC will file the reports
required by the SBREFA. The Office of
Management and Budget has
determined that this final rule does not
constitute a ‘‘major rule’’ as defined by
the SBREFA.
List of Subjects in 12 CFR Part 366
Contractor conflicts of interest,
Government contracts, Reporting and
recordkeeping requirement.
For the reasons set forth in the
preamble, we hereby revise part 366 of
chapter III of title 12 of the Code of
Federal Regulations to read as follows:
PART 366—MINIMUM STANDARDS OF
INTEGRITY AND FITNESS FOR AN
FDIC CONTRACTOR
Sec.
366.0 Definitions.
366.1 What is the purpose of this part?
366.2 What is the scope of this part?
366.3 Who cannot perform contractual
services for the FDIC?
366.4 When is there a pattern or practice of
defalcation?
366.5 What causes a substantial loss to a
federal deposit insurance fund?
366.6 How is my ownership or control
determined?
366.7 Will the FDIC waive the prohibitions
under § 366.3?
366.8 Who can grant a waiver of a
prohibition or conflict of interest?
366.9 What other requirements could
prevent me from performing contractual
services for the FDIC?
366.10 When would I have a conflict of
interest?
366.11 Will the FDIC waive a conflict of
interest?
366.12 What are the FDIC’s minimum
standards of ethical responsibility?
366.13 What is my obligation regarding
confidential information?
366.14 What information must I provide the
FDIC?
366.15 What advice or determinations will
the FDIC provide me on the applicability
of this part?
366.16 When may I seek a reconsideration
or review of an FDIC determination?
366.17 What are the possible consequences
for violating this part?
Authority: Section 9 (Tenth) of the Federal
Deposit Insurance Act (FDI Act), 12 U.S.C.
1819 (Tenth); sections 12(f)(3) and (4) of the
FDI Act, 12 U.S.C. 1822(f)(3) and (4); and
section 19 of Pub. L. 103–204, 107 Stat. 2369.
§ 366.0 Definitions.
As used in this part:
(a) The word person refers to an
individual, corporation, partnership, or
other entity with a legally independent
existence.
(b) The terms we, our, and us refer to
the Federal Deposit Insurance
Corporation (FDIC), except when acting
as conservator or operator of a bridge
bank.
(c) The terms I, me, my, mine, you,
and yourself refer to a person who
submits an offer to perform or performs,
directly or indirectly, contractual
services or functions on our behalf.
(d) The phrase insured depository
institution refers to any bank or savings
VerDate 0ct<31>2002 14:01 Nov 19, 2002 Jkt 200001 PO 00000 Frm 00005 Fmt 4700 Sfmt 4700 E:\FR\FM\20NOR1.SGM 20NOR1