Federal Deposit Insurance Corporation
550 17th Street NW, Washington, DC 20429 Division of Supervision
Recordkeeping and Confirmation Requirements for Securities Transactions
FIL-20-97
March 14, 1997
TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Final Rule on Recordkeeping and Confirmation Requirements for Securities
Transactions (Part 344 of the FDIC's Rules and Regulations)
The FDIC Board of Directors has approved final revisions to its rule on securities transaction
recordkeeping and confirmations. The most significant change is to delete, pending further
study on an interagency basis, the proposed requirement for reporting the personal investment
transactions of Directors. In revising the rule, the FDIC considered the comments received in
response to its Notice of Proposed Rulemaking (see FIL-1-97: Financial Institution Letters:
dated January 13, 1997).
A copy of the Federal Register notice describing the final changes and setting forth the
provisions of the final rule is attached. For more information, please contact Miguel D. Browne,
Manager, Division of Supervision (DOS), (202) 898-6789; Keith Ligon, Chief, Policy Unit, DOS,
(202) 898-3618; John F. Harvey, Review Examiner (Trust), DOS, (202) 898-6762; or Patrick J.
McCarty, Counsel, Legal Division, (202) 898-8708.
Nicholas J. Ketcha Jr.
Director
Attachment: FR, Vol. 62, No. 43. (March 5, 1997) pp. 9915-9923
Distribution: FDIC-Supervised Banks (Commercial and Savings)
Note: Paper copies of FDIC financial institution letters may be obtained through the FDIC’s
Public Information Center, 801 17th St., NW, Room 100, Washington, D.C. 200434 ((703) 562-
2200 or 800-276-6003)Inactive
550 17th Street NW, Washington, DC 20429 Division of Supervision
Recordkeeping and Confirmation Requirements for Securities Transactions
FIL-20-97
March 14, 1997
TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Final Rule on Recordkeeping and Confirmation Requirements for Securities
Transactions (Part 344 of the FDIC's Rules and Regulations)
The FDIC Board of Directors has approved final revisions to its rule on securities transaction
recordkeeping and confirmations. The most significant change is to delete, pending further
study on an interagency basis, the proposed requirement for reporting the personal investment
transactions of Directors. In revising the rule, the FDIC considered the comments received in
response to its Notice of Proposed Rulemaking (see FIL-1-97: Financial Institution Letters:
dated January 13, 1997).
A copy of the Federal Register notice describing the final changes and setting forth the
provisions of the final rule is attached. For more information, please contact Miguel D. Browne,
Manager, Division of Supervision (DOS), (202) 898-6789; Keith Ligon, Chief, Policy Unit, DOS,
(202) 898-3618; John F. Harvey, Review Examiner (Trust), DOS, (202) 898-6762; or Patrick J.
McCarty, Counsel, Legal Division, (202) 898-8708.
Nicholas J. Ketcha Jr.
Director
Attachment: FR, Vol. 62, No. 43. (March 5, 1997) pp. 9915-9923
Distribution: FDIC-Supervised Banks (Commercial and Savings)
Note: Paper copies of FDIC financial institution letters may be obtained through the FDIC’s
Public Information Center, 801 17th St., NW, Room 100, Washington, D.C. 200434 ((703) 562-
2200 or 800-276-6003)Inactive