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FDIC Federal Register Citations

[December 3, 2001 (Volume 66, Number 232)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua03de01_052-1]

[Page 62667-62669]

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)

______________________________________________________________________

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Part LII

Federal Deposit Insurance Corporation
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Semiannual Regulatory Agenda

[[Page 62668]]

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 2001 Unified Agenda of Regulatory and
Deregulatory Actions. 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 the Regulatory
Flexibility Act (5 U.S.C. 601 et seq.). 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.

A number of the actions identified in this agenda have been
developed to implement provision of the Gramm-Leach-Bliley Act, or
to implement other recent statutory mandates. Many of the FDIC's
regulatory actions are coordinated with other Federal regulators of
financial institutions, primarily 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.

Robert E. Feldman,

Executive Secretary.

FDIC Prerule Stage

Sequence Number

           Title

4420 12 CFR 327 Assessments--Assessment Base
4421 12 CFR 345 Community Reinvestment Act Regulations (Section 610 Review)

FDIC Proposed Rule Stage

Sequence Number

           Title

4422 12 CFR 360 Receivership Rules
4423 12 CFR 366 Contractor Conflict of Interest
4424 12 CFR 334 Fair Credit Reporting Act Regulations
4425 12 CFR 313 Procedures for the Collection of Corporate Debt by Administrative Offset
4426 Brokers and Dealers
4427 12 CFR 330 Deposit Insurance Coverage
4428 12 CFR 325 Simplified Capital Framework for Noncomplex Financial Institutions
4429 12 CFR 303 Filing Procedures and Delegations of Authority

FDIC Final Rule Stage

Sequence Number

           Title

4430 12 CFR 325 Capital Maintenance--Recourse Arrangements and Direct Credit Substitutes
4431 12 CFR 342 Qualification Requirements for the Recommendation or Sale of Certain
Securities
4432 12 CFR 325 Risk-Based Capital Standards: Claims on Securities Firms
4433 12 CFR 325 Capital; Leverage and Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance: Residual Interests in Asset Securitizations or Other Transfers of Financial Assets
4434 12 CFR 369 Prohibition Against Use of Interstate Branches Primarily For Deposit
Production
4435 12 CFR 325 Risk-Based Capital Guidelines: Market Risk Measure; Securities Borrowing Transactions
4436 12 CFR 325 Capital; Leverage and Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance; Nonfinancial Equity Investments

FDIC Long-Term Actions

Sequence Number

           Title

4437 12 CFR 308 Censure, Suspension, and Debarment of Independent Public Accountants
4438 12 CFR 325 Capital Maintenance--Collateralized Transactions
4439 12 CFR 307 Notification of Assumption of Deposits and Change of Insured Status
4440 12 CFR 328 Advertisement of Membership

FDIC Completed Actons

Sequence Number

           Title

4441 12 CFR 303 Deposit Insurance Engaged in the Business of Receiving Deposits

 

Prerule Stage


4420. ASSESSMENTS--ASSESSMENT BASE

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1441; 12 USC 1817 to 1819

CFR Citation: 12 CFR 327

Legal Deadline: None

Abstract: In 1994, the FDIC sought comment on a proposal to revise the
assessment base used by insured institutions to determine the premium
paid for deposit insurance. That initiative did not lead to a proposed
rule. Instead, the FDIC plans to revisit the issue with a new ANPRM on
alternative options for the deposit component of the assessment base
and on options regarding the float deduction and use of average daily
deposit balances.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

ANPRM 10/05/94 59 FR 50710
ANPRM Comment Period End 02/02/95
Second ANPRM 12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Steve Wagoner, Senior Assessment Specialist, Division
of Finance, Federal Deposit Insurance Corporation
Phone: 202 416-7152

RIN: 3064-AB46
_________________________________
______________________________________

4421.  COMMUNITY REINVESTMENT ACT REGULATIONS (SECTION 610
REVIEW)

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 2901

CFR Citation: 12 CFR 345

Legal Deadline: None

Abstract: This notice, sponsored jointly by the OCC, the FRS, the FDIC
and OTS, advises the public that the Agencies are seeking comment on a
wide range of questions relating to Community Reinvestment Act (CRA)
regulations and solicits suggestions about ways to improve existing CRA
regulations.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

ANPRM 07/19/01 66 FR 37602
ANPRM Comment Period End 10/17/01
NPRM 05/00/02

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Deanna Caldwell, Senior Policy Analyst, Division of
Compliance and Consumer Affairs, Federal Deposit Insurance Corporation
Phone: 202 942-3366

RIN: 3064-AC50

Proposed Rule Stage



4422. RECEIVERSHIP RULES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1819 to 1821

CFR Citation: 12 CFR 360

Legal Deadline: None

Abstract: This rulemaking establishes uniform rules governing the
payment and priority of postinsolvency interest payments from all
receiverships administered by the FDIC and makes other technical and
clarifying changes to part 360.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

[[Page 62670]]

Agency Contact: Mitchell Glassman, Director, Division of Resolutions
and Receiverships, Federal Deposit Insurance Corporation
Phone: 202 898-6525

RIN: 3064-AB92
_______________________________________________________________________

4423. CONTRACTOR CONFLICT OF INTEREST

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1819; 12 USC 1822(f)(3); 12 USC 1822(f)(4)

CFR Citation: 12 CFR 366

Legal Deadline: None

Abstract: This rulemaking clarifies that part 366 does not pertain to
FDIC contractors who intend to purchase assets from the FDIC. Conflicts
of interest regarding contractors who intend to purchase assets from
the FDIC will be covered by an FDIC circular regarding the sale of
assets to restricted contractors.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Donald Rosholt, Senior Ethics Program Specialist,
Office of the Executive Secretary, Federal Deposit Insurance
Corporation
Phone: 202 898-7287

RIN: 3064-AC29
____________________________________________________________________

4424. FAIR CREDIT REPORTING ACT REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 1681s; 12 USC 1819(a)(Tenth)

CFR Citation: 12 CFR 334

Legal Deadline: None

Abstract: Section 506 of the Gramm-Leach-Bliley Act requires bank
regulators and FTC to publish FCRA regulations to implement the Fair
Credit Reporting Act. Due to comments received from a joint notice of
proposed rulemaking, dated October 20, 2000, it is anticipated that the
agencies will issue a new proposed rulemaking for public comment.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 10/20/00 65 FR 63120
NPRM Comment Period End 12/04/00
Second NPRM 01/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deanna Caldwell, Senior Policy Analyst, Division of
Compliance and Consumer Affairs, Federal Deposit Insurance Corporation
Phone: 202 942-3366

RIN: 3064-AC35
_______________________________________________________________________

4425. PROCEDURES FOR THE COLLECTION OF CORPORATE DEBT BY ADMINISTRATIVE
OFFSET

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1819(a); 5 USC 5514; 31 USC 3711; 31 USC 3716

CFR Citation: 12 CFR 313

Legal Deadline: None

Abstract: This rulemaking establishes procedures for the collection of
debts owed the FDIC. The rulemaking also implements the Debt Collection
Improvement Act of 1996, which requires agencies to promulgate
regulations on this subject. The regulation sets forth the procedures
the FDIC would follow in collecting debts through salary offset,
administrative offset, and tax refund offset.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Manuel Palau, Counsel, Legal Division, Federal Deposit
Insurance Corporation
Phone: 202 898-8829

RIN: 3064-AC40
_______________________________________________________________________

4426. BROKERS AND DEALERS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 78a

CFR Citation: Not Yet Determined

Legal Deadline: Final, Statutory, May 12, 2001.

Abstract: This rulemaking implements section 204 of the Gramm-Leach-
Bliley Act (GLBA), which requires the Federal banking agencies to
establish recordkeeping requirements for banks relying on any of the
broker-dealer exemptions listed in sections 201 and 202 of GLBA.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Keith Ligon, Chief, Policy Unit, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-3618

RIN: 3064-AC42
_______________________________________________________________________

4427. DEPOSIT INSURANCE COVERAGE

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1813(l)

CFR Citation: 12 CFR 330

Legal Deadline: None

Abstract: This rulemaking establishes a uniform and streamlined appeals
process for deposit insurance claims.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Richard Osterman, Assistant General Counsel, Legal
Division, Federal Deposit Insurance Corporation
Phone: 202 736-0617

RIN: 3064-AC43
_______________________________________________________________________

4428. SIMPLIFIED CAPITAL FRAMEWORK FOR NONCOMPLEX FINANCIAL INSTITUTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1815(a)

CFR Citation: 12 CFR 325

Legal Deadline: None

Abstract: This notice, sponsored jointly by the OCC, the FRS, the FDIC
and OTS, advises the public that the Agencies are considering
developing a regulatory capital framework tailored to the size,
structure, complexity, and risk profile of domestic, noncomplex
financial institutions. The Agencies are

[[Page 62671]]

seeking comment on possible regulatory capital frameworks that may ease
the burden on these financial institutions, such as a simplified risk-
based or a modified leverage ratio framework.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

ANPRM 11/03/00 65 FR 66193
ANPRM Comment Period End 02/01/01
NPRM 12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Keith Ligon, Chief, Policy Unit, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-3618

RIN: 3064-AC44
_______________________________________________________________________

4429.  FILING PROCEDURES AND DELEGATIONS OF AUTHORITY

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 378

CFR Citation: 12 CFR 303

Legal Deadline: None

Abstract: This rulemaking eliminates the existing requirement that the
FDIC's Board act on merger applications involving a combined market
share above 35 percent; it also reflects certain required Gramm-Leach-
Bliley changes and revisions to enforcement delegations as well as
technical amendments to part 303.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Rae-Ann Miller, Assistant Director, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-8523

RIN: 3064-AC51

Final Rule Stage


4430. CAPITAL MAINTENANCE--RECOURSE ARRANGEMENTS AND DIRECT CREDIT
SUBSTITUTES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1815(a); 12 USC 1816; 12 USC 1818(a); 12 USC
1819(Tenth); 12 USC 1828(d); 12 USC 1831o; 12 USC 3907; 12 USC 3909; 12
USC 1815(b); 12 USC 1818(b); 12 USC 1818(c); 12 USC 1818(t); 12 USC
1828(i); 12 USC 1828(n); 12 USC 1828(o); 12 USC 1835; 12 USC 4808; 12
USC 1828(c); PL 102-233; 105 Stat 1761; 105 Stat 1789; 105 Stat 1790;
105 Stat 2236

CFR Citation: 12 CFR 325

Legal Deadline: None

Abstract: The interagency rulemaking revises risk-based capital
standards by addressing the regulatory capital treatment of recourse
obligations and direct credit substitutes that expose banks, bank
holding companies, and thrifts to credit risk. The revision treats
recourse obligations and direct credit substitutes more consistently
than under the agencies' current risk-based capital standards. In
addition, the revision allows the agencies to use credit ratings and
certain alternative approaches to match the risk-based capital
requirement more closely to a banking organization's relative risk of
loss in asset securitizations. The rulemaking also requires the sponsor
of a revolving credit securitization that involves an early
amortization feature to hold capital against the amount of assets under
management; i.e., the off balance sheet securitized receivables. The
rulemaking is intended to result in more consistent treatment of
recourse obligations and similar transactions among the agencies, more
consistent risk-based capital treatment for certain types of
transactions involving similar risk, and capital requirements that more
closely reflect a banking organization's relative exposure to credit
risk. This rulemaking and the rulemaking on residual interests (see
3064-AC34) are interrelated in that both address the regulatory capital
treatment for residual interests in securitizations and other financial
asset transfers. The agencies participating in these two rulemakings
are ensuring that the treatment of residual interests will be
consistent and may issue a single combined final rule rather than
separate final rules.

Timetable:
________________________________________________________________________

Credit Ratings ANPRM 05/25/94 (59 FR 27116)

Recourse/Direct Credit Substitutes NPRM 05/25/94 (59 FR 27116) Second
NPRM 03/08/00 (65 FR 12320) Second NPRM Comment Period End 06/07/00

Synthesis of Credit Ratings/Recourse/Direct Credit Substitutes NPRM
11/05/97 (62 FR 59944) Final Action 12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Robert F. Storch, Chief, Accounting Section, Division
of Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-8906

RIN: 3064-AB31
_______________________________________________________________________

4431. QUALIFICATION REQUIREMENTS FOR THE RECOMMENDATION OR SALE OF
CERTAIN SECURITIES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1818; 12 USC 1831

CFR Citation: 12 CFR 342

Legal Deadline: Final, Statutory, May 12, 2001, recordkeeping
requirement.

Abstract: This proposal, sponsored jointly by the OCC, the FRS, and the
FDIC, would establish qualifications for banks that sell certain
securities to their customers without having to register as a broker
under the Securities Exchange Act. FDIC staff are contemplating a
recommendation to rescind this proposal and replace it with a second
NPRM to exempt banks from registering with the NASD/SEC as securities
brokers or dealers in the event that they qualify under any of the
exemption criteria in Gramm-Leach-Bliley Act sections 201 or 202 (see
NPRM described at 3064-AC42).

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 12/30/96 61 FR 68824

[[Page 62672]]

NPRM Comment Period End 02/28/97
Final Action 12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Keith Ligon, Chief, Policy Unit, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-3618

RIN: 3064-AB85
_______________________________________________________________________

4432. RISK-BASED CAPITAL STANDARDS: CLAIMS ON SECURITIES FIRMS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1815(a); 12 USC 1828(d); 12 USC 1828(i); 12 USC
1828(n); 12 USC 1828(o); 12 USC 1831o; 12 USC 1835; 12 USC 1815(b); 12
USC 1816; 12 USC 1818(a) to 1818(c); 12 USC 1818(t); 12 USC 1819
(Tenth); 12 USC 1828(c)

CFR Citation: 12 CFR 325

Legal Deadline: None

Abstract: This rulemaking is sponsored jointly by the OCC, the FRS, the
FDIC and OTS (the Agencies), and amends their respective risk-based
capital standards for banks, bank holding companies, and savings
associations with regard to the risk-weighting of claims on, and claims
guaranteed by, qualifying securities firms. The rule reduces the risk
weight applied to claims on, and claims guaranteed by, qualifying
securities firms incorporated in countries that are members of the
Organization for Economic Cooperation and Development (OECD) from 100
percent to 20 percent under the Agencies' risk-based capital rules.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 12/06/00 65 FR 76180
NPRM Comment Period End 01/22/01
Final Action 12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stephen G. Pfeifer, Examination Specialist, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-8904

RIN: 3064-AC17
_______________________________________________________________________

4433. CAPITAL; LEVERAGE AND RISK-BASED CAPITAL GUIDELINES; CAPITAL
ADEQUACY GUIDELINES; CAPITAL MAINTENANCE: RESIDUAL INTERESTS IN ASSET
SECURITIZATIONS OR OTHER TRANSFERS OF FINANCIAL ASSETS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1815(a); 12 USC 1815(b); 12 USC 1816; 12 USC
1818(a) to 1818(c); 12 USC 1818(t); 12 USC 1819(Tenth); 12 USC 1828(c);
12 USC 1828(d); 12 USC 1828(i); 12 USC 1828(n); 12 USC 1828(o); 12 USC
1831o; 12 USC 1835; 12 USC 3907; 12 USC 3909; 12 USC 4808; PL 102-233;
105 Stat 1761; 105 Stat 1789

CFR Citation: 12 CFR 325

Legal Deadline: None

Abstract: This interagency rulemaking amends capital rules to restrict
excessive concentrations in residual interests by limiting the amount
that are included in Tier 1 capital for both leverage and risk-based
capital purposes. Residual interests in excess of this limitation would
be deducted from Tier 1 capital. The rulemaking also requires that
risk-based capital be held in an amount equal to the amount of residual
interests that are within this limitation. This rulemaking and the
rulemaking on recourse and direct credit substitutes (see 3064-AB31)
are interrelated in that both address the regulatory capital treatment
for residual interests in securitizations and other financial asset
transfers. The agencies participating in these two rulemakings are
ensuring that the treatment of residual interests will be consistent
and may issue a single combined final rule rather than separate final
rules.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 09/27/00 65 FR 57993
NPRM Comment Period End 12/26/00
Final Action 12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Keith Ligon, Chief, Policy Unit, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-3618

RIN: 3064-AC34
_______________________________________________________________________

4434. PROHIBITION AGAINST USE OF INTERSTATE BRANCHES PRIMARILY FOR
DEPOSIT PRODUCTION

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1819(Tenth); 12 USC 1835a

CFR Citation: 12 CFR 369

Legal Deadline: None

Abstract: The rulemaking implements section 106 of the Gramm-Leach-
Bliley Act, which amends the Riegle-Neal Interstate Banking and
Branching Efficiency Act of 1994, to provide that any branch of a bank
controlled by an out-of-state bank holding company is considered to be
an interstate branch for purposes of Riegle-Neal.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 04/09/01 66 FR 18411
NPRM Comment Period End 06/08/01
Final Action 12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marc J. Goldstrom, Counsel, Legal Division, Federal
Deposit Insurance Corporation
Phone: 202 898-8807

RIN: 3064-AC36
_______________________________________________________________________


4435. RISK-BASED CAPITAL GUIDELINES: MARKET RISK MEASURE; SECURITIES
BORROWING TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1815(a); 12 USC 1815(b); 12 USC 1816; 12 USC
1818(a) to 1818(c); 12 USC 1818(t); 12 USC 1819(Tenth); 12 USC 1828(c);
12 USC 1828(d); 12 USC 1828(i); 12 USC 1828(n); 12 USC 1828(o); 12 USC
1831o; PL 102-233; 105 Stat 1761; 105 Stat 1789; 105 Stat 1790; PL 102-
242; 105 Stat 2236; 105 Stat 2355; 105 Stat 2386

CFR Citation: 12 CFR 325

Legal Deadline: None

Abstract: This rulemaking sponsored jointly by the OCC, the FRS and the
FDIC, amends their market risk rules to revise the capital treatment
for cash

[[Page 62673]]

collateral that is posted in connection with certain securities
borrowing transactions. The effect of the rule is to more appropriately
align the capital requirements for these transactions with the risk
involved and to provide a capital treatment for U.S. banking
organizations that is more in line with the capital treatment applied
to their domestic and foreign competitors.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

Interim Final Rule 12/05/00 65 FR 75856
Interim Final Rule Effective 01/04/01
Interim Final Rule Comment
Period End 01/19/01
Final Action 12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stephen G. Pfeifer, Examination Specialist, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-8904

RIN: 3064-AC46
_______________________________________________________________________

4436. CAPITAL; LEVERAGE AND RISK-BASED CAPITAL GUIDELINES; CAPITAL
ADEQUACY GUIDELINES; CAPITAL MAINTENANCE; NONFINANCIAL EQUITY
INVESTMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1815(a); 12 USC 1815(b); 12 USC 1816; 12 USC
1818(a) to 1818(c); 12 USC 1818(t); 12 USC 1819(Tenth); 12 USC 1828(c);
12 USC 1828(d); 12 USC 1828(i); 12 USC 1828(n); 12 USC 1828(o); 12 USC
1831o; 12 USC 1835; 12 USC 3907; 12 USC 3909; 12 USC 4808; PL 102-233;
105 Stat 1761; 105 Stat 1789; PL 102-242; 105 Stat 2236

CFR Citation: 12 CFR 325

Legal Deadline: None

Abstract: This rulemaking, sponsored jointly by the OCC, the FRS and
the FDIC, amends respective risk-based and leverage capital standards
for banks and bank holding companies with respect to the capital
treatment of nonfinancial equity investments. The rule would deduct
from Tier 1 capital certain percentages of the adjusted carrying value
of all nonfinancial equity investments.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 02/14/01 66 FR 10212
NPRM Comment Period End 04/16/01
Final Action 12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stephen G. Pfeifer, Examination Specialist, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-8904

RIN: 3064-AC47

Long-Term Actions


4437. CENSURE, SUSPENSION, AND DEBARMENT OF INDEPENDENT PUBLIC
ACCOUNTANTS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 308

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM To Be Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Doris L. Marsh
Phone: 202 898-8905

RIN: 3064-AA64
_______________________________________________________________________

4438. CAPITAL MAINTENANCE--COLLATERALIZED TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 325

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 08/16/96 61 FR 42565
NPRM Comment Period End 10/15/96
Final Action To Be Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stephen G. Pfeifer
Phone: 202 898-8904

RIN: 3064-AB78
_______________________________________________________________________

4439. NOTIFICATION OF ASSUMPTION OF DEPOSITS AND CHANGE OF INSURED
STATUS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 307

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 05/14/97 62 FR 26431
NPRM Comment Period End 07/14/97
Final Action To Be Determined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Rodney D. Ray
Phone: 202 898-3556

RIN: 3064-AB88
_______________________________________________________________________

4440. ADVERTISEMENT OF MEMBERSHIP

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 328

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 02/11/97 62 FR 6142
NPRM Comment Period End 04/14/97
Final Action To Be Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marc J. Goldstrom
Phone: 202 898-8807

RIN: 3064-AB99

[[Page 62674]]

Completed Actions


4441.  DEPOSIT INSURANCE ENGAGED IN THE BUSINESS OF RECEIVING
DEPOSITS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 378; 12 USC 1813; 12 USC 1815 to 1818; 12 USC
1819 (Seventh and Tenth); 12 USC 1820; 12 USC 1823; 12 USC 1828; 12 USC
1831a; 12 USC 1831e; 12 USC 1831o; 12 USC 1831p-1; 12 USC 1835a; 12 USC
3104; 12 USC 3105; 12 USC 3108; 12 USC 3207; 15 USC 1601 to 1607

CFR Citation: 12 CFR 303

Legal Deadline: None

Abstract: This rulemaking replaces FDIC's General Counsel Opinion No.
12 with a regulation. The purpose of promulgating a regulation would be
to clarify the requirement that an insured depository institution be
``engaged in the business of receiving deposits other than trust
funds.''

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 04/19/01 66 FR 20102
NPRM Comment Period End 07/18/01
Final Action 10/30/01 66 FR 54645
Final Action Effective 11/29/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Christopher L. Hencke, Counsel, Legal Division, Federal
Deposit Insurance Corporation
Phone: 202 898-8839

RIN: 3064-AC49
[FR Doc. 01-23871 Filed 11-30-01; 8:45 am]
BILLING CODE 6714-01-S

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Last Updated 12/03/2001 regs@fdic.gov