FDIC Federal Register Citations

[Page 65417-65418]

Federal Deposit Insurance Corporation (FDIC) Final Rule Stage

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4423. 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.

[[Page 65418]]

Timetable:
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Action Date FR Cite

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NPRM 02/11/97 62 FR 06142
NPRM Comment Period End 04/14/97
Final Action 12/00/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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
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