Federal Deposit Insurance Corporation
550 17th Street NW, Washington, DC 20429 Division of Supervision
Recordkeeping and Confirmation Requirements
for Securities Transactions FIL-32-96
May 29, 1996
TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Advance Notice of Proposed Rulemaking on Recordkeeping
and Confirmation Requirements for Securities Transactions
(Part 344 of the FDIC's Rules and Regulations)
The FDIC Board of Directors is issuing for public comment an advance notice of proposed
rulemaking amending the regulations concerning its recordkeeping and confirmation
requirements for securities transactions. The regulations now in effect were issued by the FDIC
in 1979. Since then, the types of securities activities occurring on bank premises have changed
significantly.
This advance notice of proposed rulemaking gives the public an opportunity to comment on the
relevance of the current regulations to various bank securities activities. It also invites
comments about the types of information a customer should receive when completing a
securities transaction on bank premises.
The Federal Reserve Board and the Office of the Comptroller of the Currency have already
proposed amendments to their recordkeeping and confirmation requirements for securities
transactions.
A copy of the advance notice is attached. Written comments are due by June 24, 1996. For
more information, please call Patrick J. McCarty, Counsel in the Legal Division (202-898-8708),
Curtis Vaughn, Examination Specialist in the Division of Supervision (202-898-6759), or John
Harvey, Review Examiner (Trust) (202-898-6762).
Nicholas J. Ketcha Jr
Director
Attachment: PDF Format (97 kb, PDF help or hard copy),HTML Format
Distribution: FDIC-Supervised Banks (Commercial and Savings)
Last Updated 07/13/1999 communications@fdic.govInactive
550 17th Street NW, Washington, DC 20429 Division of Supervision
Recordkeeping and Confirmation Requirements
for Securities Transactions FIL-32-96
May 29, 1996
TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Advance Notice of Proposed Rulemaking on Recordkeeping
and Confirmation Requirements for Securities Transactions
(Part 344 of the FDIC's Rules and Regulations)
The FDIC Board of Directors is issuing for public comment an advance notice of proposed
rulemaking amending the regulations concerning its recordkeeping and confirmation
requirements for securities transactions. The regulations now in effect were issued by the FDIC
in 1979. Since then, the types of securities activities occurring on bank premises have changed
significantly.
This advance notice of proposed rulemaking gives the public an opportunity to comment on the
relevance of the current regulations to various bank securities activities. It also invites
comments about the types of information a customer should receive when completing a
securities transaction on bank premises.
The Federal Reserve Board and the Office of the Comptroller of the Currency have already
proposed amendments to their recordkeeping and confirmation requirements for securities
transactions.
A copy of the advance notice is attached. Written comments are due by June 24, 1996. For
more information, please call Patrick J. McCarty, Counsel in the Legal Division (202-898-8708),
Curtis Vaughn, Examination Specialist in the Division of Supervision (202-898-6759), or John
Harvey, Review Examiner (Trust) (202-898-6762).
Nicholas J. Ketcha Jr
Director
Attachment: PDF Format (97 kb, PDF help or hard copy),HTML Format
Distribution: FDIC-Supervised Banks (Commercial and Savings)
Last Updated 07/13/1999 communications@fdic.govInactive