federal register
63459
Friday
November 29, 1996
Part L
Federal Deposit
Insurance
Corporation
Semiannual Regulatory Agenda
63459
Friday
November 29, 1996
Part L
Federal Deposit
Insurance
Corporation
Semiannual Regulatory Agenda
63460 Federal Register / Vol. 61, No. 231 / Friday, November 29, 1996 / Unified Agenda
FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)
FDIC
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Ch. III
Semiannual Agenda of Regulations
AGENCY: Federal Deposit Insurance
Corporation.
ACTION: Semiannual regulatory agenda.
SUMMARY: The Federal Deposit
Insurance Corporation (FDIC) is hereby
publishing items for the October 1996
regulatory agenda. 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 both the Regulatory
Flexibility Act (5 U.S.C. 601 et seq.) and
the FDIC statement of policy entitled
‘‘Development and Review of FDIC
Rules and Regulations’’ (44 FR 31007,
May 30, 1979; 44 FR 32353, June 6,
1979; 44 FR 76858, December 28, 1979;
49 FR 7288, February 28, 1984).
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 Federal Deposit Insurance
Corporation Improvement Act of 1991
(FDICIA) and the Riegle Community
Development and Regulatory
Improvement Act of 1994 (CDRI)
contain reforms that significantly
restructure the regulation of financial
institutions. As a consequence, many of
the regulations included in this agenda
are in response to FDICIA and CDRI.
The FDIC is continuing to develop
regulations implementing the most
recent legislative requirements. These
include the requirement in section 303
of CDRI that the Federal banking
regulators conduct a review of all their
regulations and written policies to
streamline them, remove
inconsistencies, improve efficiency,
reduce unnecessary costs, and make
uniform all regulations and guidelines
implementing common statutory or
supervisory policies. Proposed changes
to the FDIC’s regulations as a result of
CDRI will be noted in this and future
semiannual agendas as they emerge
from these reviews. The Federal banking
regulators are the FDIC, the Office of the
Comptroller of the Currency (OCC), the
Board of Governors of the Federal
Reserve System (FRS), and the Office of
Thrift Supervision (OTS). In some cases,
the FDIC also coordinates with the
National Credit Union Administration
(NCUA).
Interested persons may petition the
FDIC for the issuance, amendment, or
repeal of any regulation by submitting a
written petition to the Executive
Secretary, Federal Deposit Insurance
Corporation, Washington, DC 20429.
Petitioners should include complete and
concise statements of their interest in
the subject matter and reasons why the
petitions should be granted.
Federal Deposit Insurance Corporation.
Jerry L. Langley,
Executive Secretary.
Prerule Stage
Sequence
Number Title Regulation
Identifier
Number
4530 12 CFR ch III Eligibility for Deposit Insurance; Being Engaged in the Business of Receiving Deposits Other Than
Trust Funds and Related Items .................................................................................................................................... 3064-AB40
Proposed Rule Stage
Sequence
Number Title Regulation
Identifier
Number
4531 12 CFR 357 Determination of Economically Depressed Regions .............................................................................. 3064-AB08
4532 12 CFR 325 Capital Maintenance—Recourse Arrangements and Direct Credit Substitutes ..................................... 3064-AB31
4533 12 CFR 340 Restrictions on Sale of Assets by the FDIC ........................................................................................... 3064-AB37
4534 12 CFR 308 Program Fraud Civil Remedies .............................................................................................................. 3064-AB41
4535 12 CFR 330 Simplification of Deposit Insurance Rules .............................................................................................. 3064-AB73
4536 12 CFR 344 Recordkeeping and Confirmation Requirements for Securities Transactions ....................................... 3064-AB74
4537 12 CFR 362 Activities and Investments of Insured State Banks ................................................................................ 3064-AB75
4538 12 CFR 325 Capital Maintenance—Collateralized Transactions ................................................................................ 3064-AB78
4539 12 CFR ch III Qualification Requirements for the Recommendation or Sale of Certain Securities ........................... 3064-AB85
4540 12 CFR 307 Notification of Changes of Insured Status .............................................................................................. 3064-AB88
4541 12 CFR 337 Expanded Examination Cycle for Certain Small Financial Institutions .................................................. 3064-AB90
4542 12 CFR 360 Receivership Rules ................................................................................................................................. 3064-AB92
FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)
FDIC
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Ch. III
Semiannual Agenda of Regulations
AGENCY: Federal Deposit Insurance
Corporation.
ACTION: Semiannual regulatory agenda.
SUMMARY: The Federal Deposit
Insurance Corporation (FDIC) is hereby
publishing items for the October 1996
regulatory agenda. 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 both the Regulatory
Flexibility Act (5 U.S.C. 601 et seq.) and
the FDIC statement of policy entitled
‘‘Development and Review of FDIC
Rules and Regulations’’ (44 FR 31007,
May 30, 1979; 44 FR 32353, June 6,
1979; 44 FR 76858, December 28, 1979;
49 FR 7288, February 28, 1984).
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 Federal Deposit Insurance
Corporation Improvement Act of 1991
(FDICIA) and the Riegle Community
Development and Regulatory
Improvement Act of 1994 (CDRI)
contain reforms that significantly
restructure the regulation of financial
institutions. As a consequence, many of
the regulations included in this agenda
are in response to FDICIA and CDRI.
The FDIC is continuing to develop
regulations implementing the most
recent legislative requirements. These
include the requirement in section 303
of CDRI that the Federal banking
regulators conduct a review of all their
regulations and written policies to
streamline them, remove
inconsistencies, improve efficiency,
reduce unnecessary costs, and make
uniform all regulations and guidelines
implementing common statutory or
supervisory policies. Proposed changes
to the FDIC’s regulations as a result of
CDRI will be noted in this and future
semiannual agendas as they emerge
from these reviews. The Federal banking
regulators are the FDIC, the Office of the
Comptroller of the Currency (OCC), the
Board of Governors of the Federal
Reserve System (FRS), and the Office of
Thrift Supervision (OTS). In some cases,
the FDIC also coordinates with the
National Credit Union Administration
(NCUA).
Interested persons may petition the
FDIC for the issuance, amendment, or
repeal of any regulation by submitting a
written petition to the Executive
Secretary, Federal Deposit Insurance
Corporation, Washington, DC 20429.
Petitioners should include complete and
concise statements of their interest in
the subject matter and reasons why the
petitions should be granted.
Federal Deposit Insurance Corporation.
Jerry L. Langley,
Executive Secretary.
Prerule Stage
Sequence
Number Title Regulation
Identifier
Number
4530 12 CFR ch III Eligibility for Deposit Insurance; Being Engaged in the Business of Receiving Deposits Other Than
Trust Funds and Related Items .................................................................................................................................... 3064-AB40
Proposed Rule Stage
Sequence
Number Title Regulation
Identifier
Number
4531 12 CFR 357 Determination of Economically Depressed Regions .............................................................................. 3064-AB08
4532 12 CFR 325 Capital Maintenance—Recourse Arrangements and Direct Credit Substitutes ..................................... 3064-AB31
4533 12 CFR 340 Restrictions on Sale of Assets by the FDIC ........................................................................................... 3064-AB37
4534 12 CFR 308 Program Fraud Civil Remedies .............................................................................................................. 3064-AB41
4535 12 CFR 330 Simplification of Deposit Insurance Rules .............................................................................................. 3064-AB73
4536 12 CFR 344 Recordkeeping and Confirmation Requirements for Securities Transactions ....................................... 3064-AB74
4537 12 CFR 362 Activities and Investments of Insured State Banks ................................................................................ 3064-AB75
4538 12 CFR 325 Capital Maintenance—Collateralized Transactions ................................................................................ 3064-AB78
4539 12 CFR ch III Qualification Requirements for the Recommendation or Sale of Certain Securities ........................... 3064-AB85
4540 12 CFR 307 Notification of Changes of Insured Status .............................................................................................. 3064-AB88
4541 12 CFR 337 Expanded Examination Cycle for Certain Small Financial Institutions .................................................. 3064-AB90
4542 12 CFR 360 Receivership Rules ................................................................................................................................. 3064-AB92