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[April 26, 1999 (Volume 64, Number 77)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID:ua26ap99_053-21] [Page 22319] Part LV Federal Deposit Insurance Corporation _______________________________________________________________________ FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) Completed Actions _______________________________________________________________________ 4245. ACTIVITIES OF INSURED STATE BANKS AND INSURED SAVINGS ASSOCIATIONS Priority: Substantive, Nonsignificant Legal Authority: 12 USC 378; 12 USC 1813; 12 USC 1815; 12 USC 1816; 12 USC 1817(j); 12 USC 1818; 12 USC 1819 (Seventh and Tenth); 12 USC 1828; 12 USC 1831e; 12 USC 1831o; 12 USC 1831p-1; 15 USC 1607 CFR Citation: 12 CFR 362; 12 CFR 337; 12 CFR 303 Legal Deadline: None Abstract: This rulemaking withdraws a proposed rule published August 23, 1996, in the Federal Register at 61 FR 43486 (RIN 3064-AB75) to amend the FDIC's regulations governing the activities and investments of insured State banks, and replaces it with a more comprehensive rule. The more comprehensive rulemaking combines the FDIC's regulations governing the activities and investments of insured State banks (presently found in 12 CFR part 362) with those governing insured savings associations (presently found at 12 CFR 303.12) into a revised part 362. In addition, the rule moves the FDIC's regulations governing safety and soundness of securities activities of subsidiaries and affiliates of insured State nonmember banks (currently at 12 CFR 337.4) into part 362. The intention is to modernize this group of regulations and harmonize the provisions of part 362 governing activities that are not permissible for national banks with those governing the securities activities of State nonmember banks. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/12/97 62 FR 47969 NPRM Comment Period End 12/11/97 Final Action 12/01/98 63 FR 66276 Final Action Effective 01/01/99 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Curtis Vaughn, Examination Specialist, Division of Supervision, Federal Deposit Insurance Corporation, Washington, DC 20429 Phone: 202 898-6759 RIN: 3064-AC12 _______________________________________________________________________ [[Page 22320]] |
Last Updated 4/26/1999 | regs@fdic.gov |