FDIC Federal Register Citations

[Page 74909]

Federal Deposit Insurance Corporation (FDIC) Final Rule Stage

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4612. ACTIVITIES OF INSURED STATE BANKS AND INSURED SAVINGS ASSOCIATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 375a(4); 12 USC 1819 (Tenth); 12 USC 1828(m);
12 USC 1831a; 12 USC 1831e; 12 USC 375b; 12 USC 1816; 12 USC 1818(a);
12 USC 1818(b); 12 USC 1819; 12 USC 1820(d)(10); 12 USC 1821(f); 12 USC
1818

CFR Citation: 12 CFR 362; 12 CFR 337

Legal Deadline: None

Abstract: This rulemaking adds safety and soundness standards to govern
insured State nonmember banks that engage in the public sale,
distribution or underwriting of stocks, bonds, debentures, notes or
other securities through a subsidiary if those activities are
permissible for a national bank subsidiary but are not permissible for
the national bank itself. In addition, the rulemaking requires that
insured State nonmember banks file a notice before commencing any
activities permissible for the parent national bank itself.

Timetable:
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Action Date FR Cite

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NPRM 12/01/98 63 FR 66339
NPRM Comment Period End 02/01/99
Final Action 12/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Curtis L. Vaughn, Examination Specialist, Division of
Supervision, Federal Deposit Insurance Corporation, Washington, DC
20429
Phone: 202 898-6759

RIN: 3064-AC20
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