[April 25, 1997 (Volume 62, Number 80)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [Page 22647-22649] Part LI Federal Deposit Insurance Corporation _______________________________________________________________________ FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) _______________________________________________________________________ [[Page 22647]] Semiannual Regulatory Agenda [[Page 22648]] FEDERAL DEPOSIT INSURANCE CORPORATION 12 CFR Ch. III Semiannual Agenda of Regulations AGENCY: Federal Deposit Insurance Corporation. ACTION: Semiannual regulatory agenda. _______________________________________________________________________ SUMMARY: The Federal Deposit Insurance Corporation (FDIC) is hereby publishing items for the April 1997 regulatory agenda. The agenda contains information about FDIC's current and projected rulemakings, existing regulations under review, and completed rulemakings. FOR FURTHER INFORMATION CONTACT: Persons identified under regulations listed in the agenda. Unless otherwise noted, the address for all FDIC staff identified in the agenda is Federal Deposit Insurance Corporation, 550 17th Street NW., Washington, DC 20429. SUPPLEMENTARY INFORMATION: Twice each year, the FDIC publishes an agenda of regulations to inform the public of its regulatory actions and to enhance public participation in the rulemaking process. Publication of the agenda is in accordance with both the Regulatory Flexibility Act (5 U.S.C. 601 et seq.) and the FDIC statement of policy entitled ``Development and Review of FDIC Rules and Regulations'' (44 FR 31007, May 30, 1979; 44 FR 32353, June 6, 1979; 44 FR 76858, December 28, 1979; 49 FR 7288, February 28, 1984). The FDIC amends its regulations under the general rulemaking authority prescribed in section 9 of the Federal Deposit Insurance Act (12 U.S.C. 1819) and under specific authority granted by the Act and other statutes. The Riegle Community Development and Regulatory Improvement Act of 1994 (CDRI) contains reforms that significantly restructure the regulation of financial institutions. As a consequence, many of the regulations included in this agenda are in response to CDRI. The FDIC is continuing to develop regulations implementing the most recent legislative requirements. These include the requirement in section 303 of CDRI that the Federal banking regulators conduct a review of all their regulations and written policies to streamline them, remove inconsistencies, improve efficiency, reduce unnecessary costs, and make uniform all regulations and guidelines implementing common statutory or supervisory policies. Proposed changes to the FDIC's regulations as a result of CDRI will be noted in this and future semiannual agendas as they emerge from these reviews. The Federal banking regulators are the FDIC, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (FRS), and the Office of Thrift Supervision (OTS). In some cases, the FDIC also coordinates with the National Credit Union Administration (NCUA). Interested persons may petition the FDIC for the issuance, amendment, or repeal of any regulation by submitting a written petition to the Executive Secretary, Federal Deposit Insurance Corporation, Washington, DC 20429. Petitioners should include complete and concise statements of their interest in the subject matter and reasons why the petitions should be granted. Dated: February 27, 1997. Federal Deposit Insurance Corporation. Jerry L. Langley, Executive Secretary. Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 4086 12 CFR 325 Capital Maintenance--Recourse Arrangements and Direct Credit Substitutes.. 3064-AB31 4087 12 CFR 340 Restrictions on Sale of Assets by the FDIC................................ 3064-AB37 4088 12 CFR 308 Program Fraud Civil Remedies.............................................. 3064-AB41 4089 12 CFR 330 Simplification of Deposit Insurance Rules................................. 3064-AB73 4090 12 CFR 307 Notification of Changes of Insured Status................................. 3064-AB88 4091 12 CFR 337 Expanded Examination Cycle for Certain Small Financial Institutions....... 3064-AB90 4092 12 CFR 360 Receivership Rules........................................................ 3064-AB92 4093 12 CFR 361 Formal Minority- and Women-Owned Business and Law Firm Certification Program............................................................................... 3064-AB95 4094 12 CFR 325 Capital Maintenance--Elimination of Interagency Differences............... 3064-AB96 4095 12 CFR 369 Prohibition Against Deposit Production Offices............................ 3064-AB97 4096 12 CFR 328 Advertisement of Membership............................................... 3064-AB99 4097 12 CFR 360 Receivership Rules--Security Interests of Federal Home Loan Banks......... 3064-AC00 4098 12 CFR 312 Prevention of Deposit Shifting............................................ 3064-AC01 4099 12 CFR 303 Applications, Requests, Submittals, Delegations of Authority, and Notices Required to be Filed by Statute or Regulation......................................... 3064-AC02 ---------------------------------------------------------------------------------------------------------------- Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 4100 12 CFR 357 Determination of Economically Depressed Regions........................... 3064-AB08 4101 12 CFR 338 Fair Housing.............................................................. 3064-AB72 4102 12 CFR 362 Activities and Investments of Insured State Banks......................... 3064-AB75 4103 12 CFR 325 Capital Maintenance--Collateralized Transactions.......................... 3064-AB78 [[Page 22649]] 4104 12 CFR 342 Qualification Requirements for the Recommendation or Sale of Certain Securities............................................................................ 3064-AB85 4105 12 CFR 303 Applications, Requests, Submittals, Delegations of Authority, and Notices Required To Be Filed by Statute or Regulation......................................... 3064-AC03 ---------------------------------------------------------------------------------------------------------------- Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 4106 12 CFR 308 Censure, Suspension, and Debarment of Independent Public Accountants...... 3064-AA64 4107 12 CFR 327 Assessments--Assessment Base.............................................. 3064-AB46 ---------------------------------------------------------------------------------------------------------------- Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 4108 12 CFR ch III Eligibility for Deposit Insurance; Being Engaged in the Business of Receiving Deposits Other Than Trust Funds and Related Items........................... 3064-AB40 4109 12 CFR 344 Recordkeeping and Confirmation Requirements for Securities Transactions... 3064-AB74 4110 12 CFR 335 Securities of Nonmember Insured Banks..................................... 3064-AB79 4111 12 CFR 368 Sales Practices for Government Securities................................. 3064-AB83 4112 12 CFR 327 Assessments--AADA......................................................... 3064-AB84 4113 12 CFR 304 Forms, Instructions and Reports........................................... 3064-AB89 4114 12 CFR 327 Assessments--SAIF Rates................................................... 3064-AB94 4115 12 CFR 350 Disclosure of Financial and Other Information by FDIC-Insured State Nonmember Banks....................................................................... 3064-AB98 ---------------------------------------------------------------------------------------------------------------- _______________________________________________________________________