Each depositor insured to at least $250,000 per insured bank

[April 26, 1999 (Volume 64, Number 77)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua26ap99_053-1]

[Page 22313-22315]

Part LV

Federal Deposit Insurance Corporation

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FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)

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[[Page 22313]]

Semiannual Regulatory Agenda

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FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Ch. III

Semiannual Agenda of Regulations

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Semiannual regulatory agenda.

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SUMMARY: The Federal Deposit Insurance Corporation (FDIC) is hereby
publishing items for the April 1999 regulatory agenda. 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 both the Regulatory
Flexibility Act (5 U.S.C. 601 et seq.) and the FDIC statement of policy
entitled ``Development and Review of FDIC Rules and Regulations.'' This
policy was revised recently (63 FR 25157, May 7, 1998) to focus it more
sharply on the FDIC's approach to regulatory reform.

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.

The Riegle Community Development and Regulatory Improvement Act
of 1994 (CDRI) contains reforms that significantly restructure the
regulation of financial institutions. As a consequence, many of the
regulations included in this agenda are in response to CDRI. The
FDIC is continuing to develop regulations implementing the most
recent legislative requirements. These include the requirement in
section 303 of CDRI that the Federal banking regulators conduct a
review of all their regulations and written policies to streamline
them, remove inconsistencies, improve efficiency, reduce
unnecessary costs, and make uniform all regulations and guidelines
implementing common statutory or supervisory policies. Changes to
the FDIC's regulations as a result of CDRI will be noted in this
and future semiannual agendas as they emerge from these reviews.

The Federal banking regulators are the FDIC, the Office of the
Comptroller of the Currency (OCC), the Board of Governors of the
Federal Reserve System (FRS), and the Office of Thrift Supervision
(OTS). In some cases, the FDIC also coordinates with the National
Credit Union Administration (NCUA).

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.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.

Proposed Rule Stage

Seq No. Title
4226 12 CFR 340 Restrictions on Sale of Assets by the FDIC
4227 12 CFR 308 Program Fraud Civil Remedies
4228 12 CFR 360 Receivership Rules
4229 12 CFR 361 Minority and Women Outreach Program--Contracting

Final Rule Stage

4230 12 CFR 325 Capital Maintenance - Resource Arrangements and Direct Credit
4231 12 CFR 325 Capital Maintenance - Collateralized Transactions
4232 12 CFR 342 Qualification Requirements for the Recommendation or Sale of Securities
4233 12 CFR 307 Notification of Changes of Insured Status
4234 12 CFR 361 Formal Minority-and Women-Owned Business and Law Firm Certificate Program
4235 12 CFR 328 Advertisement of Membership
4236 12 CFR 343 Insured State Nonmember Banks Which Are Municipal Securities
4237 12 CFR 348 Management Interlocks Act
4238 12 CFR 347 Foreign Activities of Insured State Nonmember Banks
4239 12 CFR 325 Risk-Based Capital Standards: Claims on Securities Firms
4240 12 CFR 364 Interagency Guidelines Establishing Year 2000 Standards for Safety and Soundness
4241 12 CFR 362 Activities of Insured State Banks and Insured Savings Associations

Long-Term Actions

4242 12 CFR 308 Censure,  Suspension, and Debarment of Independent Public Accountants
4243 12 CFR 327 Assessments -- Assessment Base

Completed Actions

4244 12 CFR 325 Capital Maintenance - Elimination of Interagency Differences
4245 12 CFR 362 Activities of Insured State Banks and Insured Savings Associations
4246 12 CFR 330 Deposit Insurance Regulations; Joint Accounts and "Payable Accounts....
4247 12 CFR 326 "Know Your Customer" Requirements