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Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

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Press Releases


PR-32-95 (5-9-95)
Media Contact:
Frank Gresock (202) 898-6634

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 participation in the rulemaking process.

Many of the regulations included in this agenda are in response to the Community Development and Regulatory Improvement Act (CDRI) of 1994, the Federal Deposit Insurance Corporation Improvement Act (FDICIA) of 1991 and the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989. Of the 41 final or potential changes to the FDIC's regulations, one is in the prerule stage, eight are in the proposed rule stage, 15 are

The regulation in the prerule stage involves 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 on disciplinary actions against independent public accountants, limiting "golden parachute" and indemnification payments, preventing the sale of assets to persons who contributed to the demise of an institution that fails, and lowering the capital requirements on certain small business obligations transferred with recourse.

In the final rule stage are regulations that set a new Bank Insurance Fund assessment rate schedule of four to 31 cents per $100 of insured deposits, while leaving the Savings Association Insurance Fund premiums unchanged at a range of 23 cents to 31 cents per $100. Other regulations in this stage concern changing the capital required for future credit exposure for off-balance- sheet contracts, reducing the burden of annual audit and reporting requirements, setting standards for conflicts of interest and ethical responsibilities for contractors doing business with the FDIC.

The completed actions deal with lessening the burden of applying for a merger, revising risk-based capital standards to account for concentration of credit risk and nontraditional activities. Also, the agency withdrew some proposals, including one on contracts adverse to the safety and soundness of insured institutions.

The FDIC's complete semiannual agenda appeared in the Federal Register of May 8, 1995.

Last Updated 11/28/2011

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