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FDIC Federal Register Citations

[Federal Register: July 7, 1997 (Volume 62, Number 129)]
[Rules and Regulations]               
[Page 36201-36204]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr07jy97-2]
[[Page 36201]]
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FEDERAL DEPOSIT INSURANCE CORPORATION
12 CFR Part 338
RIN 3064-AB72
 
Fair Housing
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Final rule.
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SUMMARY: The FDIC is amending its fair housing regulation to clarify 
certain nondiscriminatory advertising requirements with regard to the 
type of slogan and logotype insured state nonmember banks may use in 
written, oral and visual advertisements, the type of fair housing 
posters they may display, and the location for displaying the poster. 
The final rule also eliminates the FDIC's separate fair housing 
recordkeeping requirements that serve as a substitute monitoring 
program permitted by the Federal Reserve Board's Regulation B, which 
implements the Equal Credit Opportunity Act. Furthermore, the final 
rule reduces the burden associated with maintaining, updating, and 
reporting a register of home loan applications by requiring insured 
state nonmember banks to comply only with the Federal Reserve Board's 
Regulation C, which implements the Home Mortgage Disclosure Act. The 
final rule simply cross-references Regulations B and C.
    This action is being taken in accordance with section 303(a) of the 
Riegle Community Development and Regulatory Improvement Act of 1994 
which requires the federal bank and thrift regulatory agencies to 
review and streamline their regulations and policies in order to 
improve efficiency, reduce unnecessary costs, eliminate unwarranted 
constraints on credit availability, and remove inconsistencies and 
outmoded and duplicative requirements.
    The final rule seeks to reduce burden on insured state nonmember 
banks and to more closely align the FDIC's fair housing regulation with 
those of other federal bank and thrift regulatory agencies.
EFFECTIVE DATE: August 6, 1997.
FOR FURTHER INFORMATION CONTACT: Steve Fritts, Associate Director, 
Division of Compliance and Consumer Affairs, (202) 942-3454; Michael R. 
Evans, Fair Lending Specialist, Supervision and Regulation Section, 
Division of Compliance and Consumer Affairs, (202) 942-3091; or Lori J. 
Sommerfeld, Attorney, Regulation and Legislation Section, Legal 
Division, (202) 898-8515; Federal Deposit Insurance Corporation, 550 
17th Street, NW., Washington, DC 20429.
SUPPLEMENTARY INFORMATION:
I. Proposed Rule
    In accordance with section 303(a) of the Riegle Community 
Development and Regulatory Improvement Act (CDRIA) of 1994 (12 U.S.C. 
4803(a)), the FDIC conducted a systematic review of its regulations and 
written policies and determined that it was appropriate to revise part 
338, Fair Housing (12 CFR part 338). A notice of proposed rulemaking on 
this issue was published on September 20, 1996 (61 FR 49420).
A. Subpart A (Advertising)
    The proposed rule revised subpart A of part 338 by clarifying 
certain nondiscriminatory advertising requirements. Currently, 
Sec. 338.4 requires all insured state nonmember banks engaged in 
extending loans for the purpose of purchasing, constructing, improving, 
repairing, or maintaining a dwelling or any loan secured by a dwelling 
to display an Equal Housing Lender poster where deposits are received 
or home loans are made in a manner clearly visible to the general 
public entering the bank. Also, current Sec. 338.3 requires all insured 
state nonmember banks to include in all written and visual 
advertisements a copy of the Equal Housing Lender logotype and legend 
contained in the poster and, with respect to oral advertisements, a 
statement that the bank is an ``Equal Housing Lender.'' These 
advertising requirements are intended to help an insured state 
nonmember bank communicate to its customers (or potential customers) 
seeking home loans that the bank is committed to fair lending.
    The proposed rule revised Sec. 338.3 to give insured state 
nonmember banks the option of using either the FDIC's Equal Housing 
Lender logotype and legend, or the Equal Housing Opportunity logotype 
and legend contained in the Equal Housing Opportunity poster as 
prescribed by regulations of the Department of Housing and Urban 
Development (HUD) (specifically, 24 CFR 110.25(a)), in written and 
visual advertisements. With respect to oral advertisements, insured 
state nonmember banks were also offered the option of using the slogan 
``Equal Opportunity Lender'' in lieu of the current slogan ``Equal 
Housing Lender.'' The optional use of either poster, logotype or slogan 
is designed to provide flexibility for institutions that offer a 
broader variety of loan products than mortgage loans (e.g., auto, 
consumer, and credit card extensions of credit).
    In addition, the proposed rule clarified placement of the poster in 
Sec. 338.4. Regardless of which poster an institution chooses to 
display, the poster must be displayed in a single central location 
clearly visible to the general public entering the area, either where 
deposits are received or where home loans are made. This change was 
designed to create consistency and eliminate confusion among insured 
state nonmember banks about the need for multiple posters.
    The proposed rule also eliminated a reference to HUD's advertising 
regulations. As a result of HUD's regulatory review, part 109 (Fair 
Housing Advertising) was removed from its regulations (24 CFR part 109) 
and will be relegated to other non-codified guidance. See 61 FR 14378 
(April 1, 1996). Accordingly, Sec. 338.1 was revised to eliminate the 
reference to Part 109. New information was also added to Sec. 338.3 
advising all insured state nonmember banks to refer to HUD for further 
guidance concerning fair housing advertising beyond that set forth in 
Sec. 338.3.
    No changes were proposed to the definitions governing subpart A 
(Sec. 338.2).
B. Subpart B (Recordkeeping Requirements)
    Section 338.6 of the proposed rule eliminated the definitions of 
application, dwelling, home improvement loan, and home purchase loan. 
Because these definitions have created some confusion within the 
industry, the FDIC believed that eliminating them from part 338 would 
create consistency by automatically subjecting insured state nonmember 
banks to the relevant definitions in the Federal Reserve Board's 
Regulations B and C (12 CFR parts 202 and 203). Regulation B implements 
the Equal Credit Opportunity Act (ECOA, 15 U.S.C. 1691-1691f), and 
Regulation C implements the Home Mortgage Disclosure Act (HMDA, 12 
U.S.C. 2801-2810). Proposed Sec. 338.6 also reinstated a definition for 
controlled entity, which is a ``corporation, partnership, association, 
or other business entity with respect to which a bank possesses 
directly or indirectly, the power to direct or cause the direction of 
management and policies, whether through the ownership of voting 
securities, by contract, or otherwise.'' This term is used in 
Sec. 338.9 (which governs mortgage lending of a controlled entity), and 
the definition
[[Page 36202]]
was inadvertently omitted from part 338 when it was last amended in 
1991.
    Section 338.7 currently requires insured state nonmember banks to 
request and maintain certain information regarding the race and other 
personal characteristics of applicants for a home purchase loan. The 
purpose of collecting and retaining this information is to monitor the 
institution's compliance with ECOA, and Sec. 338.7 serves as a 
substitute monitoring system permitted by Regulation B. However, 
Sec. 338.7 requires the collection of more extensive data. For example, 
under current Sec. 338.7(a)(1), institutions that have no office 
located in a primary metropolitan statistical area (PMSA) or a 
metropolitan statistical area (MSA), or which have total assets of $10 
million or less, are also required to request and retain information on 
the location of the property to be purchased. Further, current 
Sec. 338.7(a)(2) requires insured state nonmember banks that have an 
office located in a PMSA or MSA and that have total assets exceeding 
$10 million to request and retain essentially all of the information 
listed on the model Residential Loan Application Form contained in 
appendix B of Regulation B (12 CFR part 202, appendix B). Under 
Regulation B, the only information that must be requested is the race 
or national origin, sex, marital status, and age of home loan 
applicants.
    Current Sec. 338.8 also notifies institutions of their duty to 
maintain, update, and report a register of home loan applications 
consistent with Regulation C. Information required to be collected 
includes the type of loan requested, the purpose of the loan, whether 
the loan was approved or denied (including an option for collecting 
denial reasons for disapproved loans), and the type of purchaser (if 
the loan was sold). Further, Sec. 338.8 requires all institutions 
subject to Regulation C to report data on the sex, race or national 
origin and income of applicants. Until recently, such data were 
optional under Regulation C for institutions with assets between $10 
and $30 million.
    When the FDIC's proposed rule was issued, Regulation C required the 
collection of data only for institutions with assets of $30 million or 
more. However, current Sec. 338.8 extends the requirements to all 
insured state nonmember institutions with assets exceeding $10 million 
that have offices located in a PMSA or an MSA. Regulation C specifies a 
quarterly schedule for entering the required data on the HMDA register, 
whereas Sec. 338.8 currently requires more rigorous updating (within 30 
days after final disposition of the loan application).
    The proposed rule eliminated the FDIC's separate fair housing 
recordkeeping requirements contained in Sec. 338.7 that serve as a 
substitute monitoring program permitted by Regulation B. The proposed 
rule also removed the requirements in Sec. 338.8 that insured state 
nonmember banks maintain, update and report a register of home loan 
applications that are duplicative and more rigorous than the 
requirements of Regulation C. Instead, the proposed rule simply cross-
referenced Regulations B and C and required insured state nonmember 
banks to comply only with those regulations. However, the FDIC proposed 
to revise Sec. 338.8 to require those institutions subject to 
Regulation C to collect and report the reasons for denial of each loan 
application. The reporting of loan denial reasons is currently optional 
under Regulation C.
    The proposed rule also revised Sec. 338.5, which describes the 
purpose of subpart B, to reflect the changes to Secs. 338.6, 338.7, and 
338.8.
II. Final Rule
    The FDIC received 15 comment letters reflecting the views of one 
law firm that represents insured state nonmember banks, one community-
based organization, three trade associations, four bank holding 
companies, and six insured state nonmember banks.
A. Subpart A (Advertising)
    The vast majority of the commenters favored the changes with 
respect to the advertising requirements which would permit insured 
state nonmember banks to use either the FDIC's Equal Housing Lender 
poster, logotype or slogan, or HUD's Equal Housing Opportunity poster, 
logotype or slogan. Commenters also generally approved of clarifying 
placement of the poster in a single central location within a bank 
readily visible to customers. One commenter suggested that the FDIC 
provide a definition of ``advertisement'' in subpart A which would 
include certain electronic advertisements. However, the FDIC believes 
it would be more appropriate to address this issue in connection with 
release of the agency's examination guidelines for electronic banking 
activities. Another commenter suggested that the definitions for 
dwelling, handicap and familial status, which are identical to the 
definitions for the same terms contained in the Fair Housing Act (42 
U.S.C. 3602), be replaced with cross-references. The FDIC originally 
inserted those definitions in subpart A for ease of reference so that 
bankers and their attorneys would not have to consult the Fair Housing 
Act, and the agency believes that logic still applies.
    The FDIC is eliminating from the final rule a proposed section, 
Sec. 338.3(c), which would have advised all insured state nonmember 
banks to consult the U.S. Department of Housing and Urban Development 
(HUD) for further guidance concerning fair housing advertising beyond 
that set forth in Sec. 338.3. No comments were received on this aspect 
of this proposal. However, upon further reflection the FDIC believes 
that this provision is unnecessary because questions concerning the 
size of the logotype and legend in print advertising occur rather 
infrequently and can be handled through informal referrals to HUD. 
Accordingly, Sec. 338.3(c) is being removed from the final rule. Other 
than this modification, the FDIC is retaining the advertising portion 
of part 338 (subpart A) as proposed.
B. Subpart B (Recordkeeping Requirements)
    Two commenters suggested definitional changes to subpart B. One 
commenter suggested that Sec. 338.7 be modified to require insured 
nonmember banks to collect the ``government'' monitoring information 
required by Regulation C. However, Sec. 338.7 contains a cross-
reference to Regulation B, not Regulation C. Moreover, Regulation B 
uses the term ``monitoring information''. Although the FNMA/FHLMC 
residential mortgage loan application form contains a section on 
``government monitoring'' information, the FDIC believes that it is 
more appropriate to parallel the language of Regulation B rather than 
an application that may be subject to change. Therefore, this change is 
not being implemented. Another commenter suggested adding a definition 
of ``home loan'', which is used in Sec. 338.9 (mortgage lending of a 
controlled entity), to Sec. 338.6 or clarifying the term in Sec. 338.9. 
The FDIC agrees that this term is ambiguous. It is intended to cover 
home purchase loans and home improvement loans as defined in 
Secs. 203.2 (f) and (g) of Regulation C (12 CFR 203.2 (f), (g)). 
Accordingly, the FDIC is modifying Sec. 338.9 by replacing the term 
``home loan'' with the phrase ``home purchase loans or home improvement 
loans as defined in Regulation C''.
    A majority of the comments favored eliminating the additional data 
collection and retention requirements imposed by subpart B of part 338 
that go beyond the requirements of Regulations B and C. However, one
[[Page 36203]]
commenter indicated that the FDIC should increase the current data 
collection and retention requirements of Sec. 338.7. The commenter 
indicated that the elimination of such data would make it very 
difficult for neighborhood organizations to work with lenders in 
identifying and assisting in the removal of real and perceived barriers 
to credit. However, the FDIC remains convinced that the collection of 
the additional data imposed by Sec. 338.7 beyond Regulation B is 
unnecessary because collection of this or similar data is standard 
industry practice. Even without the additional data collection and 
retention requirements, the settlement agreements negotiated between 
the Department of Justice and several lenders alleged to have engaged 
in discriminatory lending practices indicate that sufficient data are 
still available to identify lenders who may be impeding access to 
credit.
    The FDIC also considered completely removing Secs. 338.7 and 338.8 
because, absent a specific requirement by the FDIC in part 338, all 
insured state nonmember banks would still be required by Regulation B 
to collect information about an applicant's race and other personal 
characteristics in applications for certain dwelling-related loans and, 
pursuant to Regulation C, to maintain, update and report a register of 
home loan applications. Two commenters did not perceive a need for a 
regulatory cross-reference to Regulations B and C. However, the FDIC 
believes that it is appropriate to provide a cross-reference to 
Regulations B and C to put insured state nonmember banks on notice of 
their responsibilities under ECOA and HMDA.
    Section 338.8 of the proposed rule also required those institutions 
that are subject to Regulation C to collect and report the reasons for 
denial of each loan application that would be reportable under 
Regulation C. The reporting of denial reasons is currently optional 
under Regulation C. However, both the OCC and the OTS require those 
depository institutions they supervise that are subject to Regulation C 
to collect and report loan denial reasons. See 12 CFR 27.3(a)(1)(i) and 
12 CFR 528.6, respectively. While comments on this issue were mixed, 
the FDIC has decided to eliminate the requirement in the final rule for 
the following reasons.
    Previously, depository institutions with assets of $10 million or 
less were exempt from HMDA. Section 2225 of the Economic Growth and 
Regulatory Paperwork Reduction Act of 1996 (EGRPRA) (12 U.S.C. 2808) 
increased this exemption by adjusting the $10 million figure by the 
change since 1975 in the Consumer Price Index (CPI). By an interim rule 
amending Regulation C, the Federal Reserve Board increased the asset-
size exemption threshold for HMDA reporters to $28 million in 
accordance with the EGRPRA amendment. Thus, depository institutions 
with assets of $28 million or less as of December 31, 1996 are exempt 
from HMDA data collection and reporting requirements during 1997. This 
regulatory change became effective February 1, 1997 (62 FR 3603, 
January 24, 1997). However, depository institutions with assets between 
$28 million and $30 million as of December 31, 1996 will still have the 
option of collecting and reporting HMDA data. See 12 CFR 
203.4(b)(2)(ii). The Federal Reserve Board will amend the asset-size 
exemption threshold annually based on November CPI data and publish the 
new threshold in the Federal Register each December for compliance 
beginning January 1 (62 FR 28620, May 27, 1997). The FDIC intends to 
notify insured state nonmember banks of these changes via supervisory 
guidance in the near future.
    Because these statutory and regulatory amendments significantly 
reduced the number of insured state nonmember banks that are required 
to collect and report HMDA data from 3052 to 1593, it would be less 
burdensome to allow collection and reporting of data on denial reasons 
to remain an option as currently prescribed by Regulation C. 
Furthermore, the 1995 HMDA data shows that approximately 92% of the 
insured state nonmember banks with assets of $28 million or more 
exercised this option and voluntarily collected and reported 83% of 
denial reasons. Moreover, as part of their regulatory review under 
section 303(a) of CDRIA, the Federal Reserve Board will be reviewing 
Regulation C. Until the Federal Reserve Board determines how, if at 
all, it will revise Regulation C, it would be premature for the FDIC to 
require collecting and reporting of loan denial reasons. Accordingly, 
the FDIC is adopting its proposed recordkeeping requirements for part 
338 (subpart B) with the exception of mandatory recording and reporting 
of loan denial reasons.
    The final rule modifies proposed Sec. 338.5 (purpose of subpart B) 
to reflect the elimination of denial reasons from Sec. 338.8 and to 
clarify that the FDIC is simply providing a cross-reference to 
Regulations B and C in Secs. 338.7 and 338.8, rather than imposing the 
agency's own recordkeeping requirements.
III. Regulatory Flexibility Act
    The Board of Directors, in accordance with the Regulatory 
Flexibility Act (5 U.S.C. 606(b)), has reviewed and approved this final 
rule, and in so doing, certifies that this rule will not have a 
significant economic impact on a substantial number of small entities. 
This final rule reduces burden on insured state nonmember banks by 
clarifying or removing unnecessary provisions.
IV. Paperwork Reduction Act
    The final rule contains two collections of information that have 
Office of Management and Budget (OMB) Paperwork Reduction Act clearance 
numbers. The first collection is a recordkeeping requirement imposed by 
the Federal Reserve Board's Regulation B and enforced by the FDIC with 
regard to insured State nonmember banks. This collection carries OMB 
clearance number 3064-0085 which expires on September 30, 1998. This 
final rulemaking is consistent with the OMB approved collection and 
will be subject to routine public comment and OMB submission and review 
in 1998 pursuant to the Paperwork Reduction Act (44 U.S.C. 3501 et 
seq).
    The second collection is a recordkeeping and reporting requirement 
imposed by the Federal Reserve Board's Regulation C and enforced by the 
FDIC with regard to insured State nonmember banks. This collection 
carries OMB clearance number 3064-0046 which expires on July 31, 1997. 
The FDIC submitted to OMB its request for a three year renewal of this 
Paperwork Reduction Act clearance on June 13, 1997. See notice and 
request for comments published at 62 FR 33410, June 19, 1997.
V. Small Business Regulatory Enforcement Fairness Act
    The Small Business Regulatory Enforcement Fairness Act of 1996 
(SBREFA) (Title II, Pub. L. 104-121) provides generally for agencies to 
report rules to Congress and the General Accounting Office (GAO) for 
review. The reporting requirement is triggered when a federal agency 
issues a final rule. Accordingly, the FDIC will file the appropriate 
reports with Congress and the GAO as required by SBREFA.
    Because the Office of Management and Budget has determined that 
this final revision of part 338 does not constitute a ``major rule'' as 
defined by SBREFA, the final rule will take effect 30 days from 
publication in the Federal Register.
List of Subjects in 12 CFR Part 338
    Advertising, Aged, Banks, Banking, Civil rights, Credit, Fair 
housing, Individuals with disabilities, Marital status discrimination, 
Mortgages,
[[Page 36204]]
Religious discrimination, Reporting and recordkeeping requirements, Sex 
discrimination, Signs and symbols.
    For the reasons set forth in the preamble, 12 CFR part 338 is 
amended as set forth below.
PART 338--FAIR HOUSING
    1. The authority citation for part 338 is revised to read as 
follows:
    Authority: 12 U.S.C. 1817, 1818, 1819, 1820(b), 2801 et seq.; 15 
U.S.C. 1691 et seq.; 42 U.S.C. 3605, 3608; 12 CFR parts 202, 203; 24 
CFR part 110.
Subpart A--Advertising
    2. Section 338.1 is revised to read as follows:
Sec. 338.1  Purpose.
    The purpose of this subpart A is to prohibit insured state 
nonmember banks from engaging in discriminatory advertising with regard 
to residential real estate-related transactions. This subpart A also 
requires insured state nonmember banks to publicly display either the 
Equal Housing Lender poster set forth in Sec. 338.4(b) of the FDIC's 
regulations or the Equal Housing Opportunity poster prescribed by part 
110 of the regulations of the United States Department of Housing and 
Urban Development (24 CFR part 110). This subpart A enforces section 
805 of title VIII of the Civil Rights Act of 1968, 42 U.S.C. 3601-3619 
(Fair Housing Act), as amended by the Fair Housing Amendments Act of 
1988.
    3. Section 338.3 is amended by revising paragraphs (a)(1) and 
(a)(2) to read as follows:
Sec. 338.3  Nondiscriminatory advertising.
    (a) * * *
    (1) With respect to written and visual advertisements, this 
requirement may be satisfied by including in the advertisement a copy 
of the logotype with the Equal Housing Lender legend contained in the 
Equal Housing Lender poster prescribed in Sec. 338.4(b) of the FDIC's 
regulations or a copy of the logotype with the Equal Housing 
Opportunity legend contained in the Equal Housing Opportunity poster 
prescribed in Sec. 110.25(a) of the United States Department of Housing 
and Urban Development's regulations (24 CFR 110.25(a)).
    (2) With respect to oral advertisements, this requirement may be 
satisfied by a statement, in the spoken text of the advertisement, that 
the bank is an ``Equal Housing Lender'' or an ``Equal Opportunity 
Lender.''
* * * * *
    4. Section 338.4 is amended by revising the section heading and 
paragraph (a) to read as follows:
Sec. 338.4  Fair housing poster.
    (a) Each bank engaged in extending loans for the purpose of 
purchasing, constructing, improving, repairing, or maintaining a 
dwelling or any loan secured by a dwelling shall conspicuously display 
either the Equal Housing Lender poster set forth in paragraph (b) of 
this section or the Equal Housing Opportunity poster prescribed by 
Sec. 110.25(a) of the United States Department of Housing and Urban 
Development's regulations (24 CFR 110.25(a)), in a central location 
within the bank where deposits are received or where such loans are 
made in a manner clearly visible to the general public entering the 
area, where the poster is displayed.
* * * * *
    5. Subpart B is amended by revising the subpart heading to read as 
follows:
Subpart B--Recordkeeping
    6. Section 338.5 is revised to read as follows:
Sec. 338.5  Purpose.
    The purpose of this subpart B is two-fold. First, this subpart B 
notifies all insured state nonmember banks of their duty to collect and 
retain certain information about a home loan applicant's personal 
characteristics in accordance with Regulation B of the Board of 
Governors of the Federal Reserve System (12 CFR part 202) in order to 
monitor an institution's compliance with the Equal Credit Opportunity 
Act of 1974 (15 U.S.C. 1691 et seq.). Second, this subpart B notifies 
certain insured state nonmember banks of their duty to maintain, update 
and report a register of home loan applications in accordance with 
Regulation C of the Board of Governors of the Federal Reserve System 
(12 CFR part 203), which implements the Home Mortgage Disclosure Act 
(12 U.S.C. 2801 et seq.).
    7. Section 338.6 is revised to read as follows:
Sec. 338.6  Definitions applicable to this subpart B.
    For purposes of this subpart B--
    (a) Bank means an insured state nonmember bank as defined in 
section 3 of the Federal Deposit Insurance Act.
    (b) Controlled entity means a corporation, partnership, 
association, or other business entity with respect to which a bank 
possesses, directly or indirectly, the power to direct or cause the 
direction of management and policies, whether through the ownership of 
voting securities, by contract, or otherwise.
    8. Section 338.7 is revised to read as follows:
Sec. 338.7  Recordkeeping requirements.
    All banks that receive an application for credit primarily for the 
purchase or refinancing of a dwelling occupied or to be occupied by the 
applicant as a principal residence where the extension of credit will 
be secured by the dwelling shall request and retain the monitoring 
information required by Regulation B of the Board of Governors of the 
Federal Reserve System (12 CFR part 202).
    9. Section 338.8 is revised to read as follows:
Sec. 338.8  Compilation of loan data in register format.
    Banks and other lenders required to file a Home Mortgage Disclosure 
Act loan application register (LAR) with the Federal Deposit Insurance 
Corporation shall maintain, update and report such LAR in accordance 
with Regulation C of the Board of Governors of the Federal Reserve 
System (12 CFR part 203).
    10. Section 338.9 is amended by revising the introductory text to 
read as follows:
Sec. 338.9  Mortgage lending of a controlled entity.
    Any bank which refers any applicants to a controlled entity and 
which purchases any home purchase loans or home improvement loans as 
defined in Regulation C of the Board of Governors of the Federal 
Reserve Board (12 CFR part 203) originated by the controlled entity, as 
a condition to transacting any business with the controlled entity, 
shall require the controlled entity to enter into a written agreement 
with the bank. The written agreement shall provide that the entity 
shall:
* * * * *
Appendix A to Subpart B of Part 338 [Removed]
    11. Appendix A to subpart B of part 338 is removed.
Appendix B to Subpart B of Part 338 [Removed]
    12. Appendix B to subpart B of part 338 is removed.
    By order of the Board of Directors.
    Dated at Washington, D.C. this 24th day of June, 1997.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 97-17426 Filed 7-3-97; 8:45 am]
BILLING CODE 6714-01-P

Last Updated 07/07/1997 regs@fdic.gov