[November 9, 1998 (Volume 63, Number 216)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua09no98_052-15]

[Page 62702]
 
FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)           Final Rule Stage

_______________________________________________________________________
 
4457. ADVERTISEMENT OF MEMBERSHIP

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1818; 12 USC 1819; 12 USC 1828

CFR Citation:  12 CFR 328

Legal Deadline: None

Abstract: This regulatory action consolidates provisions relating to 
display of official signs; extends the official advertising statement 
that is currently required for insured banks to all insured depository 
institutions; streamlines exceptions to the use of the statement; 
prohibits use of the statement in advertisements concerning nondeposit 
investment products; and delegates authority to approve translations of 
the statement to certain FDIC officials. In addition, this action 
solicits comment on issues relating to advertisement of membership in 
the FDIC over a computer network such as the Internet. This action is 
the result of a CDRI section 303(a) review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/11/97                    62 FR 06142
NPRM Comment Period End         04/14/97
Final Action                    12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marc J. Goldstrom, Counsel, Legal Division, Federal 
Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-8807

RIN: 3064-AB99
_______________________________________________________________________



Last Updated 04/25/1997 regs@fdic.gov