The Federal Deposit Insurance Corporation has published its semiannual
agenda of regulations to inform the public of the Corporation's regulatory
actions and to heighten public participation in the rulemaking process.
Many of the regulations included in this agenda are in response to the
Federal Deposit Insurance Corporation Act of 1991 and the Financial
Institutions Reform, Recovery, and Enforcement Act of 1989. Of the 37 final or potential changes to the FDIC's regulations, two are in the prerule stage, 10 are in the proposed rule stage, 20 are in the final rule stage and 5 are completed actions.
Regulations in the prerule stage involve a proposal to revise the
assessment base used by institutions to determine the premium paid for
deposit insurance, and defining being "engaged in the business of receiving deposits other than trust funds" for deposit insurance purposes.
In the proposed rule stage are regulatory proposals to revise the
regulations that implement the Community Reinvestment Act, to alter the
capital requirements for off-balance-sheet contracts, to amend the
definition of "equity investment" to exclude treasury stock in certain
instances, to restrict the sale of assets by the FDIC and to except fully
collateralized loans from the limit on "other purpose" loans to bank
In the final rule stage are regulations to reduce the cost of filing a
merger application and to revise risk-based capital standards to account for such factors as interest rate risk, deferred tax assets, netting
arrangements on certain interest and exchange rate contracts, credit risk
and the risks of non-traditional activities. Other regulations in this stage concern: converting from mutual to stock ownership; providing better
information to pension plan administrators on the amount of insurance available for plan deposits; and permitting electronic collection of FDIC
premiums through direct debits.
The completed actions deal with raising to $250,000 the threshold for
which appraisals are required, rescinding the notice banks were required to provide the FDIC on rapid growth, subtracting certain liabilities from an institution's assessment base, and public notice requirements for remote service facilities.
The FDIC's complete semiannual agenda appeared in the Federal Register on
November 14, 1994.