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Home > Regulation & Examinations > Laws & Regulations > FDIC Federal Register Citations




FDIC Federal Register Citations
[April 24, 2006 (Volume 71, Number 78)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua24ap06_050-1]                         

[Page 23630-23631]
 
FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)

_______________________________________________________________________________

Part L

Federal Deposit Insurance Corporation

---------------------------------------------------------------------------------------------------------------------------------------------

Semiannual Regulatory Agenda


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 spring 2006 Unified Agenda of Federal 
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.

     In this edition of the spring 2006 agenda, the FDIC published 
one advanced notice of proposed rulemaking entitled ``Large-Bank 
Deposit Insurance Determination Modernization Proposal'' on 
December 13, 2005; two proposed rules entitled (1) ``Interstate 
Banking; Federal Interest Rate Authority'' on October 14, 2005 and 
(2) ``Risk-Based Capital Guidelines; Capital Adequacy Guidelines; 
Capital Maintenance: Domestic Capital Modifications'' on October 
20, 2005; and six final rules entitled (1) ``Extension of Corporate 
Powers'' on October 18, 2004, (2) ``Deposit Insurance Coverage; 
Accounts of Qualified Tuition Savings Programs Under Section 529 of 
the Internal Revenue Code'' on October 28, 2005, (3) ``One-Year 
Post-Employment Restrictions for Senior Examiners'' on November 17, 
2005, (4) ``Fair Credit Reporting Medical Information Regulations'' 
on November 22, 2005, (5) ``Notification of Changes of Insured 
Status'' on February 21, 2006, and (6) ``Risk-Based Capital 
Guidelines: Market Risk Measure; Securities Borrowing 
Transactions'' on February 22, 2006. In addition the FDIC published 
one notice entitled ``Community Reinvestment Act; Interagency 
Questions and Answers Regarding Community Reinvestment'' on 
November 10, 2005.

     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.

 Carol L. Middlebrook,

Special Assistant to the Executive Secretary,
Federal Deposit Insurance Corporation.  

FDIC - Proposed Rule Stage

Sequence Number

           Title

Regulation Identification Number

3837

Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance: Domestic Capital Modifications 3064-AC96

3838

Community Reinvestment Act; Interagency Questions and Answers Regarding Community Reinvestment; Notice 3064-AC97

3839

Large-Bank Deposit Insurance Determination Modernization Proposal

3064-AC98

                                 FDIC - Final Rule Stage

 
Sequence Number

           Title

Regulation Identification Number
3840 12 CFR 303 Filing Procedures; Transactions With Affiliates 3064-AC78
3841 Deposit Insurance Coverage; Stored Value Cards and Other Nontraditional Access Mechanisms 3064-AC80
3842 Fair Credit Reporting Affiliate Marketing Regulations 3064-AC83
3843 Annual Independent Audits and Reporting Requirements 3064-AC91

FDIC - Long-Term Actions

Sequence Number

           Title

Regulation Identification Number
3844 12 CFR 327 Assessments-Assessment Base 3064-AB46
3845 12 CFR 342 Qualification Requirements for the Recommendation or Sale of Certain Securities 3064-AB85
3846 12 CFR 334 Fair Credit Reporting Act Regulations 3064-AC35
3847 Risk-Based Capital Standards: Implementation of New Basel Capital Accord 3064-AC73
3848 Interstate Banking; Federal Interest Rate Authority 3064-AC95

FDIC - Completed Actions

Sequence Number

           Title

Regulation Identification Number
3849 12 CFR 325 Risk-Based Capital Guidelines: Market Risk Measure; Securities Borrowing Transactions 3064-AC46
3850 Regulatory Publication and Review 3064-AC59
3851 Fair Credit Reporting Medical Information Regulations 3064-AC81
3852 Deposit Insurance Coverage; Accounts of Qualified Tuition Savings Programs Under Section 529 of the Internal Revenue Code 3064-AC90
3853 12 CFR 308 One-Year Post-Employment Restrictions for Senior Examiners 3064-AC92
3854 Notification of Changes of Insured Statue 3064-AC93
3855 Extensions of Corporate Powers 3064-AC94

_______________________________________________________________________
 
          Proposed Rule Stage
_______________________________________________________________________


3837.  RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY
GUIDELINES; CAPITAL MAINTENANCE: DOMESTIC CAPITAL MODIFICATIONS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.

Legal Authority: Not Yet Determined

CFR Citation: 12 CFR 325

Legal Deadline: None

Abstract: The OCC, Board, FDIC, and OTS are considering various
revisions to the existing risk-based capital framework that would
enhance its risk sensitivity. These changes would apply to banks, bank
holding companies, and savings associations. The Agencies are
soliciting comments on possible modifications to their risk-based
capital standards that would facilitate the development of fuller and
more comprehensive proposals applicable to a range of activities and
exposures.

Timetable:

Action Date  FR Cite
ANPRM 10/20/05 70 FR 61068
NPRM 09/00/06

________________________________________________________________________

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Michael Phillips, Counsel, Legal Division, Federal
Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-3581

RIN: 3064-AC96
_______________________________________________________________________

3838.  COMMUNITY REINVESTMENT ACT; INTERAGENCY
QUESTIONS AND ANSWERS REGARDING COMMUNITY REINVESTMENT; NOTICE


Priority: Substantive, Nonsignificant

Legal Authority: Not Yet Determined

CFR Citation: None

Legal Deadline: None

Abstract: This proposal would revise guidance of the staffs of the OCC,
Board, and FDIC relating to the community Reinvestment Act to address
topics related to the revisions the agencies made to their regulations
that implement CRA.

Timetable:

Action Date  FR Cite
Notice 11/10/05 70 FR 68450
Notice Comment Period End 01/09/06
Second Notice 05/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/propose.html

URL For Public Comments:
http://www.fdic.gov/regulations/laws/federal/propose.html

Agency Contact: Richard M. Schwartz, Counsel, Federal Deposit Insurance
Corporation, Washington, DC 20429
Phone: 202 898-7424

RIN: 3064-AC97
_______________________________________________________________________


3839.  LARGE-BANK DEPOSIT INSURANCE DETERMINATION
MODERNIZATION PROPOSAL

Priority: Other Significant

Legal Authority: Not Yet Determined

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: In view of the significant Industry consolidation in recent
years, the FDIC is exploring new methods to modernize its deposit
insurance determination process, whereby the insurance status of each
depositor is determined in the event of failure.

Timetable:

Action Date  FR Cite
ANPRM 12/13/05 70 FR 73652
ANPRM Comment Period End 03/13/06
NPRM 12/00/06

________________________________________________________________________

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/propose.html

URL For Public Comments:
http://www.fdic.gov/regulations/laws/federal/propose.html

Agency Contact: Christopher L. Hencke, Counsel, Legal Division, Federal
Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-8839

RIN: 3064-AC98
_______________________________________________________________________

                  Final Rule Stage
_______________________________________________________________________

3840. FILING PROCEDURES; TRANSACTIONS WITH AFFILIATES


Priority: Other Significant. Major status under 5 USC 801 is
undetermined.

Legal Authority: 12 USC 1819 (Tenth); 12 USC 1828 (j)(1); 12 USC 378;
12 USC 1813; 12 USC 1815; 12 USC 1817; 12 USC 1818; 12 USC 1819
(Seventh); 12 USC 1820; 12 USC 1823; 12 USC 1828; 12 USC 1831a; 12 USC
1831e; 12 USC 1831o; 12 USC 1831p-1; 12 USC 1831w; 12 USC 1835a; 12 USC
1843(l); 12 USC 3104; 12 USC 3105; 12 USC 3108; 12 USC 3207; 15 USC
1601 to 1607

CFR Citation: 12 CFR 303; 12 CFR 324

Legal Deadline: None

Abstract: FDIC is proposing to adopt its own regulation that would
cross reference Regulation W to make it clear that insured State
nonmember banks are subject to the restrictions and limitations, and
may take advantage of the exemptions, contained in Regulation W.

Timetable:

Action Date  FR Cite
NPRM 03/17/04 69 FR 12571
NPRM Comment Period End 05/03/04
Final Action 07/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/propose.html

URL For Public Comments:
http://www.fdic.gov/regulations/laws/federal/04comfiling.html

Agency Contact: Thomas Bolt, Federal Deposit Insurance Corporation,
Washington, DC 20429
Phone: 202 898-6750

RIN: 3064-AC78
_______________________________________________________________________


3841. DEPOSIT INSURANCE COVERAGE; STORED VALUE CARDS AND OTHER
NONTRADITIONAL ACCESS MECHANISMS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 12 USC 1813(l); 12 USC 1813(m); 12 USC 1817(i); 12 USC
1818(q); 12 USC 1819 (Tenth)

CFR Citation: 12 CFR 330

Legal Deadline: None

Abstract: FDIC published a proposed regulation that would clarify the
insurance coverage of funds subject to transfer or withdrawal through
the use of stored value cards and other nontraditional access
mechanisms. This proposed rule is a revision of a proposed rule
published by the FDIC in April of 2004 (the ``First Proposed Rule'').
See 69 FR 20558 (April 16, 2004). The purpose of the revised proposed
rule (the ``Second Proposed Rule'') is to address certain issues raised
by commenters in response to the original proposal.

Timetable:

Action Date  FR Cite
NPRM 04/16/04 69 FR 20588
NPRM Comment Period End 07/15/04
Second NPRM 08/08/05 70 FR 45571
Second NPRM Comment Period End 11/07/05
Final Action 10/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/propose.html

Agency Contact: Christopher L. Hencke, Counsel, Legal Division, Federal
Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-8839

RIN: 3064-AC80
_______________________________________________________________________


3842. FAIR CREDIT REPORTING AFFILIATE MARKETING REGULATIONS

Priority: Other Significant

Legal Authority: 12 USC 1818; 12 USC 1819 (Tenth); 15 USC 1681b; 15 USC
1681s

CFR Citation: 12 CFR 334

Legal Deadline: None

Abstract: OCC, FRB, FDIC, OTS, and NCUA are publishing for comment
proposed regulations to implement the affiliate marketing provisions in
section 214 of the Fair and Accurate Credit Transactions Act of 2003,
which amends the Fair Credit Reporting Act. The proposed regulations
generally prohibit a person from using information received from an
affiliate to make a solicitation for marketing purposes to a consumer,
unless the consumer is given notice, an opportunity, and a simple
method to opt out of the making of such solicitations.

Timetable:

Action Date  FR Cite
NPRM 07/15/04 69 FR 42502
NPRM Comment Period End 08/16/04
Final Action 05/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:

[[Page 23633]]

http://www.fdic.gov/regulations/laws/federal/propose.html

Agency Contact: Richard M. Schwartz, Counsel, Federal Deposit Insurance
Corporation, Washington, DC 20429
Phone: 202 898-7424

RIN: 3064-AC83
_______________________________________________________________________


3843. ANNUAL INDEPENDENT AUDITS AND REPORTING REQUIREMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1831m

CFR Citation: 12 CFR 363

Legal Deadline: None

Abstract: The FDIC is proposing to amend its regulations concerning
annual independent audits and reporting requirements, which implement
Section 36 of the Federal Deposit Insurance Act (FDI Act). Section 36
and the FDIC's implementing regulations are generally intended to
facilitate early identification of problems in financial management at
insured depository institutions with total assets above a certain
threshold (currently $500 million) through annual independent audits,
assessments of effectiveness of internal control over financial
reporting and compliance with designated laws and regulations, and
related reporting requirements.

Timetable:
 

Action Date  FR Cite
NPRM 08/02/05 70 FR 44293
NPRM Comment Period End 09/16/05
Final Action 05/00/06


Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/propose.html

URL For Public Comments:
http://www.fdic.gov/regulations/laws/federal/2005/05comaudits.html

Agency Contact: Michelle Borzillo, Counsel, Legal Division, Federal
Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-7400

RIN: 3064-AC91
_______________________________________________________________________

                   Long Term Actions
_______________________________________________________________________

3844. ASSESSMENTS--ASSESSMENT BASE

Priority: Other Significant. Major status under 5 USC 801 is
undetermined.

CFR Citation: 12 CFR 327

Timetable:

Action Date  FR Cite
ANPRM 10/05/94 59 FR 50710
ANPRM Comment Period End 02/02/95
To Be Determined To Be Determined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Munsell St. Clair
Phone: 202 898-8967

RIN: 3064-AB46
_______________________________________________________________________


3845. QUALIFICATION REQUIREMENTS FOR THE RECOMMENDATION OR SALE OF
CERTAIN SECURITIES


Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 342

Timetable:

Action Date  FR Cite
NPRM 12/30/96 61 FR 68824
NPRM Comment Period End 02/28/97
Second NPRM To Be Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Michael Phillips
Phone: 202 898-3581

Related RIN: Related to 3064-AC42
RIN: 3064-AB85
_______________________________________________________________________


3846. FAIR CREDIT REPORTING ACT REGULATIONS

Priority: Other Significant. Major status under 5 USC 801 is
undetermined.

CFR Citation: 12 CFR 334

Timetable:
 

Action Date  FR Cite
NPRM 10/20/00 65 FR 63120
NPRM Comment Period End 12/04/00
Second NPRM To Be Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Richard M. Schwartz
Phone: 202 898-7424

RIN: 3064-AC35
_______________________________________________________________________


3847. RISK-BASED CAPITAL STANDARDS: IMPLEMENTATION OF NEW BASEL CAPITAL
ACCORD


Priority: Other Significant. Major under 5 USC 801.

CFR Citation: 12 CFR 325

Timetable:
 

Action Date  FR Cite
ANPRM 08/04/03 68 FR 45900
To Be Detemined To Be Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Michael Phillips
Phone: 202 898-3581

RIN: 3064-AC73
_______________________________________________________________________


3848.  INTERSTATE BANKING; FEDERAL INTEREST RATE
AUTHORITY


Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.

Legal Authority: 12 U.S.C. 1819(A) (Tenth); 1820(g); 1831d note

CFR Citation: 12 CFR 331 and 332

Legal Deadline: None

Abstract: The FDIC received a petition for rulemaking to preempt
certain laws with the stated purpose of establishing

[[Page 23634]]

parity between national banks and state-charted banks in interstate
activities and operations. The petition also requested rulemaking to
implement the interest rate authority contained in the Federal Deposit
Insurance Act.

Timetable:

Action Date  FR Cite
NPRM 10/14/05 70 FR 60019
Final Action To Be Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/propose.html

URL For Public Comments:
http://www.fdic.gov/regulations/laws/federal/propose.html

Agency Contact: Robert C Fick, Federal Deposit Insurance Corporation,
Washington, DC 20249
Phone: 202 898-8962

RIN: 3064-AC95
_______________________________________________________________________

                       Completed Actions
_______________________________________________________________________
 
3849. RISK-BASED CAPITAL GUIDELINES: MARKET RISK MEASURE; SECURITIES
BORROWING TRANSACTIONS



Priority: Other Significant

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 OCC, FRB and FDIC,
amends their market risk rules to revise the capital treatment for cash
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 02/22/06 71 FR 8932

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Richard M. Schwartz, Counsel, Federal Deposit Insurance
Corporation, Washington, DC 20429
Phone: 202 898-7424

RIN: 3064-AC46
_______________________________________________________________________


3850. REGULATORY PUBLICATION AND REVIEW

Priority: Other Significant

Legal Authority: 12 USC 3311

CFR Citation: None

Legal Deadline: None

Abstract: OCC, FRB, FDIC, and OTS are reviewing their regulations to
reduce burden imposed on insured depository institutions as required by
section 2222 of the Economic Growth and Regulatory Act of 1996.

Timetable:

Action Date  FR Cite
Notice 06/16/03 68 FR 35589
Second Notice 01/21/04 69 FR 2852
Second Notice Comment Period 04/20/04
Third Notice 07/20/04 69 FR 43347
Third Notice Comment Period End 10/18/04
Fourth Notice 02/03/05 70 FR 5571
Fourth Notice Comment Period 05/04/05
Fifth Notice 08/11/05 70 FR 46779
Fifth Notice Comment Period End 11/09/05
Sixth Notice 01/04/06  71 FR 287

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
www.egrpra.gov

URL For Public Comments:
www.egrpra.gov

Agency Contact: Claude A. Rollin, Senior Counsel, Legal Division,
Federal Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-8741

RIN: 3064-AC59
_______________________________________________________________________


3851. FAIR CREDIT REPORTING MEDICAL INFORMATION REGULATIONS

Priority: Other Significant

Legal Authority: 12 USC 1818; 12 USC 1819 (Tenth); 15 USC 1681b; 15 USC
1681s

CFR Citation: 12 CFR 334

Legal Deadline: None

Abstract: OCC, FRB, FDIC, OTS, and NCUA are publishing for comment
proposed regulations implementing section 411 of the Fair and Accurate
Credit Transactions Act of 2003 (FACT Act). Public Law 108-159, 117
Stat. 1952. The FACT Act substantially amends the Fair Credit Reporting
Act (FCRA or Act), 15 U.S.C. 1681 et seq. Section 411(a) of the FACT
Act adds a new section to the FCRA to restrict the circumstances under
which consumer reporting agencies may furnish consumer reports that
contain medical information about consumers.

Timetable:
 

Action Date  FR Cite
NPRM 04/28/04 69 FR 23380
NPRM Comment Period End 05/28/04
Interim Final Rule 06/10/05 70 FR 33957
Final Action 11/22/05 70 FR 70664

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

[[Page 23635]]

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/final.html

URL For Public Comments:
http://www.fdic.gov/regulations/laws/federal/04comfaircredit.html

Agency Contact: Richard M. Schwartz, Counsel, Federal Deposit Insurance
Corporation, Washington, DC 20429
Phone: 202 898-7424

RIN: 3064-AC81
_______________________________________________________________________


3852. DEPOSIT INSURANCE COVERAGE; ACCOUNTS OF QUALIFIED TUITION SAVINGS
PROGRAMS UNDER SECTION 529 OF THE INTERNAL REVENUE CODE


Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1813(1); 1813 (m); 1817(i); 1818(q); 1819
(Tenth); 1820 (f); 1821(a); 1822(c)

CFR Citation: 12 CFR Part 330

Legal Deadline: None

Abstract: The FDIC revised its insurance regulations for accounts of
qualified tuition savings programs under section 529 of the Internal
Revenue Code. Qualified tuition savings programs or prepaid tuition
plans may be established by states or state instrumentalities under
section 529 of the Internal Revenue Code.

Timetable:
 

Action Date  FR Cite
Interim Final Rule 06/09/05 70 FR 33692
Interim Final Rule Comment Period End 08/08/05
Final Action 10/28/05 70 FR 62057

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/index.html

URL For Public Comments:
http://www.fdic.gov/regulations/laws/federal/index.html

Agency Contact: Christopher L. Hencke, Counsel, Legal Division, Federal
Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-8839

RIN: 3064-AC90
_______________________________________________________________________

3853. ONE-YEAR POST-EMPLOYMENT RESTRICTIONS FOR SENIOR EXAMINERS

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 504 ; 5 USC 554 to 557; 12 USC 93(b); 12 USC
164; 12 USC 505; 12 USC 1815(e); 12 USC 1817 to 1818; 12 USC 1820; 12
USC 1828 to 1829; 12 USC 1829(b); 12 USC 1831i; 12 USC 1831m(g)(4); 12
USC 1831o; 12 USC 1831p-1; 12 USC 1832(c); 12 USC 1884(b); 12 USC 1972;
12 USC 12 USC 3102; 12 USC 3108(a); 12 USC 3349; 12 USC 3909; 12 USC
4717; 15 USC 78(h) to 78(i); 15 USC 78o-4(c); 15 USC 78o-5; 15 USC 78q-
1; 15 USC 78s; 15 USC 78u; 15 USC 78u-2 to 78u-3; 15 USC 78w; 15 USC
6801(b); 15 USC 6805(b)(1); 28 USC 2461 note; 31 USC 330; 31 USC 5321;
42 USC 4012a; sec 3100s, PL 104-134, 110 Stat 1321-358; 12 USC 1819; 12
USC 1820(k)

CFR Citation: 12 CFR 308 ; 12 CFR 336

Legal Deadline: None

Abstract: The OCC, Board, FDIC and OTS (The Agencies) propose to adopt
rules to implement section 6303(b) of the Intelligence Reform and
Terrorism Prevention Act of 2004 which added a new section 10(k) to the
Federal Deposit Insurance Act. Section 10(k)imposes post-employment
restrictions on senior examiners of depository institutions and
depository institution holding companies.

Timetable:

Action Date  FR Cite
NPRM 08/05/05 70 FR 45332
NPRM Comment Period End 10/04/05
Final Action 11/17/05  70 FR 69633
________________________________________________________________________

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/final.html

Agency Contact: Kimberly K. Copa, Federal Deposit Insurance
Corporation, Washington, DC 20429
Phone: 202 898-8832

RIN: 3064-AC92
_______________________________________________________________________


3854.  NOTIFICATION OF CHANGES OF INSURED STATUS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1818(a)(6); 12 USC 1818(q); 12 USC 1819(a)
[Tenth]

CFR Citation: 12 CFR 307

Legal Deadline: None

Abstract: This proposed rule would clarify that a certification
concerning the assumption of deposits is required only when all of an
insured institution's deposit liabilities have been assumed, and that
no certification is required for partial deposit assumptions.

Timetable:

Action Date  FR Cite
Final Action 02/21/06 71 FR 8789

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
http://www.fdic.gov/regulations/laws/federal/final.html

Agency Contact: Thomas Nixon, Federal Deposit Insurance Corporation,
Washington, DC 20429
Phone: 202 898-8766

RIN: 3064-AC93
_______________________________________________________________________

 
3855.  EXTENSION OF CORPORATE POWERS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1816; 12 USC 1818; 12 USC 1819 (Seventh,
Eighth, and Tenth); 12 USC 1828

CFR Citation: 12 CFR 333

Legal Deadline: None

Abstract: The Federal Deposit Insurance Corporation (FDIC) is amending
its interpretive rule (12 CFR 333.101(b)) which states that insured
state nonmembers banks not exercising trust powers may offer self-
directed traditional Individual Retirement and Keogh Plan accounts
without prior written consent of the FDIC.

Timetable:

Action Date  FR Cite
Final Action 10/18/05  70 FR 60420

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

[[Page 23636]]

Government Levels Affected: None

Agency Contact: McDonough W Benjamin, Honors Attorney, Federal Deposit
Insurance Corporation, Washington, DC 20429
Phone: 202 898-7411

RIN: 3064-AC94
[FR Doc. 06-2060 Filed 04-21-06; 8:45 am]
BILLING CODE 6714-01-S

 


Last Updated 04/24/2006 Regs@fdic.gov