The Federal Deposit Insurance Corporation has published
its semiannual agenda of regulations in the Federal Register to
inform the public of the Corporation's regulatory actions and
encourage participation in the rulemaking process.
Many of the actions are the result of the FDIC Board's
ongoing efforts to reduce the regulatory burden on banks, simplify
rules, improve efficiency, and to comply with the Riegle
Community Development and Regulatory Improvement Act of
Of the 30 final or proposed changes to the FDIC's
regulations on the agency's agenda as of April 25, eight were
completed, six were published as proposals, and 14 were expected
to be proposed for public comment. Also included are two
"long-term" actions under consideration that may eventually be
issued for public comment. Highlights follow.
Attached is a copy of the Semiannual Regulatory Agenda
that appeared in the April 25, 1997, Federal Register, which
contains all 30 final or proposed rule changes.
- With the Savings Association Insurance Fund (SAIF)
fully capitalized, the Board in December 1996 reduced the
assessment rates that SAIF-insured institutions pay to maintain the
fund at its "designated reserve ratio." The same rule
simultaneously widened the spread between the lowest and highest
rates to improve the effectiveness of the FDIC's risk-based
- In an effort to promote public understanding of deposit
insurance, the Board in May 1996 asked for public comment on
steps it could take to simplify and clarify the rules for bankers and
consumers. (On April 29, 1997, just days after the FDIC's
Semiannual Regulatory Agenda was published, the FDIC did
propose specific changes to the insurance rules.)
- The FDIC Board in February 1997 agreed to work with
the other federal regulators to resolve differences in the minimum
leverage capital standard and in the risk-based capital treatment of
- FDIC staff plan to ask the Board to finalize an August
1996 proposal to streamline the approval process for insured state
banks wishing to engage in activities not permitted for national
banks, such as real estate investment ventures or activities
involving insurance products and annuity contracts.
- The Board also may take final action soon on a proposal
issued for public comment in September 1996 that would reduce
the burden associated with the agency's fair housing rules
regarding advertising, poster and recordkeeping requirements.
- The Board is expected soon to propose a more formal
certification program for minority-and women-owned companies
wishing to do business with the FDIC.
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Congress created the Federal Deposit Insurance Corporation in 1933 to
restore public confidence in the nation's banking system. The FDIC
insures deposits at the nation's 11,452 banks and savings associations
and it promotes the safety and soundness of these institutions by
identifying, monitoring and addressing risks to which they are exposed.
FDIC press releases and other information are available on the Internet
via the World Wide Web at www.fdic.gov, and
may also be obtained through
the FDIC's Public Information Center (800-276-6003 or (703) 562-2200).