[November 9, 1998 (Volume 63, Number 216)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua09no98_052-17]
[Page 62703]
FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)           Final Rule Stage
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4459. ACTIVITIES OF INSURED STATE BANKS AND INSURED SAVINGS ASSOCIATIONS
Priority:  Substantive, Nonsignificant
Legal Authority:  12 USC 378; 12 USC 1813; 12 USC 1815; 12 USC 1816; 12
USC 1817(j); 12 USC 1818; 12 USC 1819 (Seventh and Tenth); 12 USC 1828;
12 USC 1831e; 12 USC 1831o; 12 USC 1831p-1; 15 USC 1607
CFR Citation:  12 CFR 362; 12 CFR 337; 12 CFR 303
Legal Deadline: None
Abstract: This rulemaking withdraws a proposed rule published August
23, 1996, in the Federal Register at 61 FR 43486 (RIN 3064-AB75) to
amend the FDIC's regulations governing the activities and investments
of insured State banks, and replaces it with a more comprehensive rule.
The more comprehensive rulemaking combines the FDIC's regulations
governing the activities and investments of insured State banks
(presently found in 12 CFR part 362) with those governing insured
savings associations (presently found at 12 CFR 303.12) into a revised
part 362. In addition, the rule moves the FDIC's regulations governing
safety and soundness of securities activities of subsidiaries and
affiliates of insured State nonmember banks (currently at 12 CFR 337.4)
into part 362. The intention is to modernize this group of regulations
and harmonize the provisions of part 362 governing activities that are
not permissible for national banks with those governing the securities
activities of State nonmember banks.
Timetable:
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Action                            Date                      FR Cite
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NPRM                            09/12/97                    62 FR 47969
NPRM Comment Period End         12/11/97
Final Action                    11/00/98
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Curtis Vaughn, Examination Specialist, Division of
Supervision, Federal Deposit Insurance Corporation, Washington, DC
20429
Phone: 202 898-6759
RIN: 3064-AC12
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Last Updated 04/25/1997 regs@fdic.gov