[April 27, 1998 (Volume 63, Number 80)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID:ua27ap98_051-1] [Page 22969-22971] FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) _______________________________________________________________________ [[Page 22969]] _______________________________________________________________________ Part LIII Federal Deposit Insurance Corporation _______________________________________________________________________ Semiannual Regulatory Agenda [[Page 22970]] 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 1998 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. 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 20, 1998. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 4207 12 CFR 340 Restrictions on Sale of Assets by the FDIC............................... 3064-AB37 4208 12 CFR 308 Program Fraud Civil Remedies............................................. 3064-AB41 4209 12 CFR 360 Receivership Rules....................................................... 3064-AB92 4210 12 CFR 325 Capital Maintenance--Elimination of Interagency Differences.............. 3064-AB96 4211 12 CFR 348 Management Interlocks Act................................................ 3064-AC08 ---------------------------------------------------------------------------------------------------------------- Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 4212 12 CFR 325 Capital Maintenance--Recourse Arrangements and Direct Credit Substitutes. 3064-AB31 4213 12 CFR 330 Simplification of Deposit Insurance Rules................................ 3064-AB73 4214 12 CFR 325 Capital Maintenance--Collateralized Transactions......................... 3064-AB78 4215 12 CFR 342 Qualification Requirements for the Recommendation or Sale of Certain Securities............................................................................ 3064-AB85 4216 12 CFR 307 Notification of Changes of Insured Status................................ 3064-AB88 4217 12 CFR 361 Formal Minority- and Women-Owned Business and Law Firm Certification Program............................................................................... 3064-AB95 4218 12 CFR 328 Advertisement of Membership.............................................. 3064-AB99 4219 12 CFR 360 Receivership Rules--Security Interests of Federal Home Loan Banks........ 3064-AC00 4220 12 CFR 303 Applications, Requests, Submittals, Delegations of Authority, and Notices Required to be Filed by Statute or Regulation......................................... 3064-AC02 4221 12 CFR 343 Insured State Nonmember Banks Which Are Municipal Securities Dealers..... 3064-AC04 4222 12 CFR 325 Capital Maintenance--Treatment of Servicing Assets....................... 3064-AC07 4223 12 CFR 325 Risk-Based Capital Standards; Unrealized Revaluation Gains on Certain Equity Securities..................................................................... 3064-AC11 [[Page 22971]] 4224 12 CFR 362 Activities of Insured State Banks and Insured Savings Associations....... 3064-AC12 ---------------------------------------------------------------------------------------------------------------- Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 4225 12 CFR 308 Censure, Suspension, and Debarment of Independent Public Accountants..... 3064-AA64 4226 12 CFR 327 Assessments--Assessment Base............................................. 3064-AB46 ---------------------------------------------------------------------------------------------------------------- Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 4227 12 CFR 357 Determination of Economically Depressed Regions.......................... 3064-AB08 4228 12 CFR 347 International Banking.................................................... 3064-AC05 4229 12 CFR 363 Annual Independent Audits and Reporting Requirements..................... 3064-AC06 4230 12 CFR 309 Disclosure of Information................................................ 3064-AC10 4231 12 CFR 329 Part 329: Interest on Deposits........................................... 3064-AC13 4232 12 CFR 325 Risk-Based Capital Standards: Market Risk................................ 3064-AC14 ---------------------------------------------------------------------------------------------------------------- _______________________________________________________________________