Recordkeeping and Confirmation Requirements for Securities Transactions
FIL-20-97 March 14, 1997
CHIEF EXECUTIVE OFFICER
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
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.
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
Street, N.W., Room 100, Washington, D.C. 20434 ((703) 562-2200 or