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| TO: |
CHIEF EXECUTIVE OFFICER |
| SUBJECT: |
FDIC Board Amends Rule Relating to Realignment of
Regional Office Responsibilities as Part of New Case Manager
Program (Part 303 of the FDIC's Rules and Regulations)
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The FDIC Board of Directors has adopted an amendment to Part 303
of the FDIC's Rules and Regulations relating to the new Case
Manager Program, which has realigned regional office
responsibilities of the Division of Supervision (DOS) and the
Division of Compliance and Consumer Affairs (DCA) (see FIL-31-97, dated April 10, 1997). The program is designed to
streamline the FDIC's supervision process and simplify
communication channels with insured institutions.
The amendment to Part 303 redefines "appropriate FDIC regional
office" and other related terms contained in Part 303 to change
how the FDIC designates the appropriate regional office for
purposes of filing applications, requests, submittals, and
notices. Under the Case Manager Program, DOS and DCA now
supervise groups of related insured institutions from one FDIC
regional office. DOS and DCA previously supervised or monitored
insured institutions from the FDIC region in which the
institution was located. Supervisory matters affected by the
amendment are limited to determining which FDIC regional office
is responsible for processing applications and administrative
actions. A copy of the Federal Register notice explaining the
amendment is attached.
For further information, please contact Christopher J. Spoth,
Examination Specialist, Division of Supervision, on (202) 898-6611 or David K. Mangian, Regional Director, Division of
Compliance and Consumer Affairs, on (312) 382-7550.
Nicholas J. Ketcha Jr.
Director, Division of
Supervision
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Carmen J. Sullivan
Director, Division of
Compliance and Consumer Affairs
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Attachment: FR, Vol. 62, No. 67, April 8, 1997, pp 16662-16664
Distribution: All Insured Banks and Savings Associations
Note: Paper copies of FDIC financial institution letters may be
obtained through the FDIC's Public Information Center, 801 17th
Street, N.W., Room 100, Washington, D.C. 20434 (800-276-6003 or
(703) 562-2200).
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