FDIC Federal Register Citations

[October 29, 1997 (Volume 62, Number 209)]

[Unified Agenda]

From the Federal Register Online via GPO Access [frwais.access.gpo.gov]

[Page 58409]

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) Final Rule Stage

_______________________________________________________________________

4295. 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 01/00/98

Small Entities Affected: None

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

_______________________________________________________________________