TO: |
CHIEF EXECUTIVE OFFICER |
SUBJECT: |
FDIC Seeks Comments on Proposed Notification of Changes of Insured Status
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The FDIC Board of Directors proposed amendments on April 29,
1997, to 12 CFR Part 307, regarding notification of changes of
insured status. The amendments, which are being proposed as part
of the FDIC's ongoing review of regulations, are intended to
clarify the scope and applicability of the FDIC's existing
regulation. The proposed amendments also are designed to assist
the industry with compliance. The FDIC will accept comments on
the proposed rule through July 14, 1997.
The proposed amendments would:
The proposed rule is attached. For more information about the
proposal, please contact William P. McNamara, Examination
Specialist in the FDIC's Division of Supervision, at (202) 898-6778, or Rodney D. Ray, Counsel in the FDIC's Legal Division, at
(202) 898-3556.
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William F. Kroener, III |
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General Counsel |
Attachment: Federal Register, May 14, 1997, pp. 26431-26435, see
also FDIC'w website, News, Events & FOIA
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, NW, Room 100, Washington, DC 20434 ((703) 562-2200 or 800-276-6003).
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