- The final rule amends Section 344.9(a)(3) of Part 344, the FDIC's recordkeeping and confirmation requirements for securities transactions.
- Under the final rule, bank officers and employees who, in connection with their duties, obtain information concerning which securities are being purchased or sold, or recommend such action, must report to the bank all transactions in securities made by them or on their behalf, either at the bank or elsewhere, in which they have a beneficial interest within 30 calendar days after the end of the calendar quarter.
- The amendment to the regulation conforms the reporting deadline of Part 344 with the Securities Exchange Commission's Rule 17j-1.
FDIC-Supervised Banks (Commercial and Savings)
Chief Executive Officer
Chief Trust Officer
Extension of Time Period for Quarterly Reporting of
Bank Officers' and Certain Employees' Personal
Securities Transactions (72 FR 60546, October 25, 2007) (PDF Help)
Anthony J. DiMilo, Examination Specialist - Trust, at
ADimilo@fdic.gov or (202) 898-7496
FDIC financial institution letters (FILs) may be
accessed from the FDIC's Web site at
To receive FILs electronically, please visit
Paper copies of FDIC financial institution letters
may be obtained from the FDIC's Public Information
Center, 3501 Fairfax Drive, E-1002, Arlington, VA
22226 (1-877-275-3342 or 703-562-2200).