Joint Notice of Proposed RulemakingSales
Practices for Government Securities (Part 368)
The FDIC, the Office of the Comptroller of the Currency
and the Federal Reserve Board have proposed for public comment
rules governing sales practices for government securities
sold by bank brokers or dealers. These rules are substantially
identical to the National Association of Securities Dealers'
(NASD) rules governing the sales of government securities
by non- bank brokers or dealers. The attached Federal Register
notice defines a proposed Business Conduct Rule, a Suitability
Rule, and a Suitability Interpretation.
The FDIC will accept public comments on the proposed rulemaking
until June 24, 1996. For more information about the proposal,
please contact one of the FDIC officials listed on page 18470
of the attached Federal Register notice.