FDIC Federal Register Citations

[April 26, 1999 (Volume 64, Number 77)]

[Unified Agenda]

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

[DOCID:ua26ap99_053-23]

[Page 22320]

Part LV

Federal Deposit Insurance Corporation

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FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) Completed Actions

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4247. ``KNOW YOUR CUSTOMER'' REQUIREMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1813; 12 USC 1815; 12 USC 1817; 12 USC 1818;

12 USC 1819 (Tenth); 12 USC 1881 to 1883; 31 USC 5318; 42 USC 4012a; 42

USC 4104b; 42 USC 4106

CFR Citation: 12 CFR 326

Legal Deadline: None

Abstract: This rulemaking proposes to issue regulations requiring

insured nonmember banks to develop and maintain ``Know Your Customer''

programs, and report any transactions of its customers that are

determined to be suspicious, in accordance with the FDIC's existing

suspicious activity reporting regulations.

Timetable:

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Action Date FR Cite

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NPRM 12/07/98 63 FR 67529

NPRM Comment Period End 03/08/99

Withdrawn 03/29/99 64 FR 14845

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Carol A. Mesheske, Chief, Special Activities Section,

Federal Deposit Insurance Corporation, Division of Supervision,

Washington, DC 20429

Phone: 202 898-6750

RIN: 3064-AC19

[FR Doc. 99-4916 Filed 04-23-99; 8:45 am]

BILLING CODE 6714-01-F