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2000 - Rules and Regulations


PART 364—STANDARDS FOR SAFETY AND SOUNDNESS

Sec.

Appendix A to Part 364--Interagency guidelines establishing standards for safety and soundness.

Appendix B to Part 364--Interagency guidelines establishing standards for safeguarding customer information.

Authority:  12 U.S.C. 1818 and 1819 (Tenth), 1831p--1; 15 U.S.C. 1681b, 1681s, 1681w, 6801(b), 6805(b)(1).

SOURCE:  The Provisions of this Part 364 appear at 60 Fed. Reg. 35685, July 10, 1995, effective August 9, 1995, except as otherwise noted.

§ 364.100  Purpose.

Section 39 of the Federal Deposit Insurance Act requires the Federal Deposit Insurance Corporation to establish safety and soundness standards. Pursuant to section 39, this part establishes safety and soundness standards by guideline.

[Codified to 12 C.F.R. § 364.100]

§ 364.101  Standards for safety and soundness.

(a)  General standards. The Interagency Guidelines Establishing Standards for Safety and Soundness prescribed pursuant to section 39 of the Federal Deposit Insurance Act (12 U.S.C. 1831p--1), as set forth as appendix A to this part, apply to all insured state nonmember banks and to state-licensed insured branches of foreign banks, that are subject to the provisions of section 39 of the Federal Deposit Insurance Act.

(b)  Interagency Guidelines Establishing Information Security Standards. The Interagency Guidelines Establishing Information Security Standards prescribed pursuant to section 39 of the Federal Deposit Insurance Act (12 U.S.C. 1831p--1), and sections 501 and 505(b) of the Gramm-Leach-Bliley Act (15 U.S.C. 6801, 6805(b)), and with respect to the proper disposal of consumer information requirements pursuant to section 628 of the Fair Credit Reporting Act (15 U.S.C. 1681w), as set forth in appendix B to this part, apply to all insured state nonmember banks, insured state licensed branches of foreign banks, and any subsidiaries of such entities (except brokers, dealers, persons providing insurance, investment companies, and investment advisers). The interagency regulations and guidelines on identity theft detection, prevention, and mitigation prescribed pursuant to section 114 of the Fair and Accurate Credit Transactions Act of 2003, 15 U.S.C. 1681m(e), are set forth in §§ 334.90, 334.91, and Appendix J of part 334.

[Codified to 12 C.F.R. § 364.101]

[Section 364.101 amended at 63 Fed. Reg. 55488, October 15, 1998; 66 Fed. Reg. 8638, February 1, 2001, effective July 1, 2001; 69 Fed. Reg, 77619, December 28, 2004, effective July 1, 2005; 72 Fed. Reg. 63764, November 9, 2008, effective January 1, 2008, the mandatory compliance date is November 1, 2008]


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