[December 3, 2001 (Volume 66,
Number 232)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua03de01_052-1] [Page 62667-62669]
FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)
______________________________________________________________________
[[Page 62667]]
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Part LII
Federal Deposit Insurance Corporation
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Semiannual Regulatory Agenda
[[Page 62668]]
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 October 2001 Unified Agenda of Regulatory and
Deregulatory Actions. 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 the Regulatory
Flexibility Act (5 U.S.C. 601 et seq.). 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.
A number of the actions identified in this agenda have been
developed to implement provision of the Gramm-Leach-Bliley Act, or
to implement other recent statutory mandates. Many of the FDIC's
regulatory actions are coordinated with other Federal regulators of
financial institutions, primarily 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.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
Sequence Number |
Title |
4420 |
12 CFR 327 Assessments--Assessment
Base |
4421 |
12 CFR 345 Community Reinvestment
Act Regulations (Section 610 Review) |
Sequence Number |
Title |
4422 |
12 CFR 360
Receivership Rules |
4423 |
12
CFR 366 Contractor Conflict of Interest |
4424 |
12 CFR 334 Fair Credit Reporting Act Regulations |
4425 |
12 CFR 313 Procedures for the Collection of Corporate Debt by Administrative
Offset |
4426 |
Brokers and Dealers |
4427 |
12 CFR 330 Deposit Insurance Coverage |
4428 |
12 CFR 325 Simplified Capital Framework for Noncomplex Financial Institutions |
4429 |
12 CFR 303 Filing Procedures and Delegations of Authority |
FDIC Final Rule Stage |
Sequence Number |
Title |
4430 |
12 CFR 325
Capital Maintenance--Recourse Arrangements and Direct Credit Substitutes |
4431 |
12 CFR 342 Qualification Requirements for the Recommendation or Sale of Certain
Securities |
4432 |
12 CFR 325 Risk-Based Capital Standards: Claims on Securities Firms |
4433 |
12 CFR 325 Capital; Leverage and Risk-Based Capital Guidelines; Capital Adequacy
Guidelines; Capital Maintenance: Residual Interests in Asset Securitizations or Other
Transfers of Financial Assets |
4434 |
12 CFR 369 Prohibition Against Use of Interstate Branches Primarily For Deposit
Production |
4435 |
12 CFR 325 Risk-Based Capital Guidelines: Market Risk Measure; Securities
Borrowing Transactions |
4436 |
12 CFR 325 Capital; Leverage and Risk-Based Capital Guidelines; Capital Adequacy
Guidelines; Capital Maintenance; Nonfinancial Equity Investments |
Sequence Number |
Title |
4437 |
12 CFR 308
Censure, Suspension, and Debarment of Independent Public Accountants |
4438 |
12 CFR 325 Capital Maintenance--Collateralized Transactions |
4439 |
12 CFR 307 Notification of Assumption of Deposits and Change of Insured Status |
4440 |
12 CFR 328 Advertisement of Membership |
Sequence Number |
Title |
4441 |
12 CFR 303 Deposit Insurance Engaged in the Business of Receiving Deposits |
4420. ASSESSMENTS--ASSESSMENT BASE
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1441;
12 USC 1817 to 1819
CFR Citation: 12 CFR 327
Legal Deadline: None
Abstract: In 1994, the FDIC
sought comment on a proposal to revise the
assessment base used by insured institutions to determine the premium
paid for deposit insurance. That initiative did not lead to a proposed
rule. Instead, the FDIC plans to revisit the issue with a new ANPRM on
alternative options for the deposit component of the assessment base
and on options regarding the float deduction and use of average daily
deposit balances.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
ANPRM 10/05/94 59 FR 50710
ANPRM Comment Period End 02/02/95
Second ANPRM 12/00/01
Regulatory Flexibility
Analysis Required: Undetermined
Government Levels Affected:
None
Agency Contact: Steve Wagoner,
Senior Assessment Specialist, Division
of Finance, Federal Deposit Insurance Corporation
Phone: 202 416-7152
RIN: 3064-AB46
_______________________________________________________________________
4421. COMMUNITY REINVESTMENT ACT REGULATIONS
(SECTION 610
REVIEW)
Priority: Substantive,
Nonsignificant
Legal Authority: 12 USC 2901
CFR Citation: 12 CFR 345
Legal Deadline: None
Abstract: This notice,
sponsored jointly by the OCC, the FRS, the FDIC
and OTS, advises the public that the Agencies are seeking comment on a
wide range of questions relating to Community Reinvestment Act (CRA)
regulations and solicits suggestions about ways to improve existing CRA
regulations.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
ANPRM 07/19/01 66 FR 37602
ANPRM Comment Period End 10/17/01
NPRM 05/00/02
Regulatory Flexibility
Analysis Required: Undetermined
Government Levels Affected:
None
Agency Contact: Deanna
Caldwell, Senior Policy Analyst, Division of
Compliance and Consumer Affairs, Federal Deposit Insurance Corporation
Phone: 202 942-3366
RIN: 3064-AC50
4422. RECEIVERSHIP RULES
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1819 to 1821
CFR Citation: 12 CFR 360
Legal Deadline: None
Abstract: This rulemaking establishes uniform rules governing the
payment and priority of postinsolvency interest payments from all
receiverships administered by the FDIC and makes other technical and
clarifying changes to part 360.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 12/00/01
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
[[Page 62670]]
Agency Contact: Mitchell Glassman, Director, Division of Resolutions
and Receiverships, Federal Deposit Insurance Corporation
Phone: 202 898-6525
RIN: 3064-AB92
_______________________________________________________________________
4423. CONTRACTOR CONFLICT OF INTEREST
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1819; 12 USC 1822(f)(3); 12 USC 1822(f)(4)
CFR Citation: 12 CFR 366
Legal Deadline: None
Abstract: This rulemaking clarifies that part 366 does not pertain to
FDIC contractors who intend to purchase assets from the FDIC. Conflicts
of interest regarding contractors who intend to purchase assets from
the FDIC will be covered by an FDIC circular regarding the sale of
assets to restricted contractors.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 12/00/01
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Donald Rosholt, Senior Ethics Program Specialist,
Office of the Executive Secretary, Federal Deposit Insurance
Corporation
Phone: 202 898-7287
RIN: 3064-AC29
____________________________________________________________________
4424. FAIR CREDIT REPORTING ACT REGULATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 15 USC 1681s; 12 USC 1819(a)(Tenth)
CFR Citation: 12 CFR 334
Legal Deadline: None
Abstract: Section 506 of the Gramm-Leach-Bliley Act requires bank
regulators and FTC to publish FCRA regulations to implement the Fair
Credit Reporting Act. Due to comments received from a joint notice of
proposed rulemaking, dated October 20, 2000, it is anticipated that the
agencies will issue a new proposed rulemaking for public comment.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 10/20/00 65 FR 63120
NPRM Comment Period End 12/04/00
Second NPRM 01/00/02
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Deanna Caldwell, Senior Policy Analyst, Division of
Compliance and Consumer Affairs, Federal Deposit Insurance Corporation
Phone: 202 942-3366
RIN: 3064-AC35
_______________________________________________________________________
4425. PROCEDURES FOR THE COLLECTION OF CORPORATE DEBT BY ADMINISTRATIVE
OFFSET
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1819(a); 5 USC 5514; 31 USC 3711; 31 USC 3716
CFR Citation: 12 CFR 313
Legal Deadline: None
Abstract: This rulemaking establishes procedures for the collection of
debts owed the FDIC. The rulemaking also implements the Debt Collection
Improvement Act of 1996, which requires agencies to promulgate
regulations on this subject. The regulation sets forth the procedures
the FDIC would follow in collecting debts through salary offset,
administrative offset, and tax refund offset.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 12/00/01
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Manuel Palau, Counsel, Legal Division, Federal Deposit
Insurance Corporation
Phone: 202 898-8829
RIN: 3064-AC40
_______________________________________________________________________
4426. BROKERS AND DEALERS
Priority: Substantive, Nonsignificant
Legal Authority: 15 USC 78a
CFR Citation: Not Yet Determined
Legal Deadline: Final, Statutory, May 12, 2001.
Abstract: This rulemaking implements section 204 of the Gramm-Leach-
Bliley Act (GLBA), which requires the Federal banking agencies to
establish recordkeeping requirements for banks relying on any of the
broker-dealer exemptions listed in sections 201 and 202 of GLBA.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 12/00/01
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Keith Ligon, Chief, Policy Unit, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-3618
RIN: 3064-AC42
_______________________________________________________________________
4427. DEPOSIT INSURANCE COVERAGE
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1813(l)
CFR Citation: 12 CFR 330
Legal Deadline: None
Abstract: This rulemaking establishes a uniform and streamlined appeals
process for deposit insurance claims.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 12/00/01
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Richard Osterman, Assistant General Counsel, Legal
Division, Federal Deposit Insurance Corporation
Phone: 202 736-0617
RIN: 3064-AC43
_______________________________________________________________________
4428. SIMPLIFIED CAPITAL FRAMEWORK FOR NONCOMPLEX FINANCIAL INSTITUTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1815(a)
CFR Citation: 12 CFR 325
Legal Deadline: None
Abstract: This notice, sponsored jointly by the OCC, the FRS, the FDIC
and OTS, advises the public that the Agencies are considering
developing a regulatory capital framework tailored to the size,
structure, complexity, and risk profile of domestic, noncomplex
financial institutions. The Agencies are
[[Page 62671]]
seeking comment on possible regulatory capital frameworks that may ease
the burden on these financial institutions, such as a simplified risk-
based or a modified leverage ratio framework.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
ANPRM 11/03/00 65 FR 66193
ANPRM Comment Period End 02/01/01
NPRM 12/00/01
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Keith Ligon, Chief, Policy Unit, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-3618
RIN: 3064-AC44
_______________________________________________________________________
4429. FILING PROCEDURES AND DELEGATIONS OF AUTHORITY
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 378
CFR Citation: 12 CFR 303
Legal Deadline: None
Abstract: This rulemaking eliminates the existing requirement that the
FDIC's Board act on merger applications involving a combined market
share above 35 percent; it also reflects certain required Gramm-Leach-
Bliley changes and revisions to enforcement delegations as well as
technical amendments to part 303.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 12/00/01
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Rae-Ann Miller, Assistant Director, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-8523
RIN: 3064-AC51
4430. CAPITAL MAINTENANCE--RECOURSE ARRANGEMENTS AND DIRECT CREDIT
SUBSTITUTES
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1815(a); 12 USC 1816; 12 USC 1818(a); 12 USC
1819(Tenth); 12 USC 1828(d); 12 USC 1831o; 12 USC 3907; 12 USC 3909; 12
USC 1815(b); 12 USC 1818(b); 12 USC 1818(c); 12 USC 1818(t); 12 USC
1828(i); 12 USC 1828(n); 12 USC 1828(o); 12 USC 1835; 12 USC 4808; 12
USC 1828(c); PL 102-233; 105 Stat 1761; 105 Stat 1789; 105 Stat 1790;
105 Stat 2236
CFR Citation: 12 CFR 325
Legal Deadline: None
Abstract: The interagency rulemaking revises risk-based capital
standards by addressing the regulatory capital treatment of recourse
obligations and direct credit substitutes that expose banks, bank
holding companies, and thrifts to credit risk. The revision treats
recourse obligations and direct credit substitutes more consistently
than under the agencies' current risk-based capital standards. In
addition, the revision allows the agencies to use credit ratings and
certain alternative approaches to match the risk-based capital
requirement more closely to a banking organization's relative risk of
loss in asset securitizations. The rulemaking also requires the sponsor
of a revolving credit securitization that involves an early
amortization feature to hold capital against the amount of assets under
management; i.e., the off balance sheet securitized receivables. The
rulemaking is intended to result in more consistent treatment of
recourse obligations and similar transactions among the agencies, more
consistent risk-based capital treatment for certain types of
transactions involving similar risk, and capital requirements that more
closely reflect a banking organization's relative exposure to credit
risk. This rulemaking and the rulemaking on residual interests (see
3064-AC34) are interrelated in that both address the regulatory capital
treatment for residual interests in securitizations and other financial
asset transfers. The agencies participating in these two rulemakings
are ensuring that the treatment of residual interests will be
consistent and may issue a single combined final rule rather than
separate final rules.
Timetable:
________________________________________________________________________
Credit Ratings ANPRM 05/25/94 (59 FR 27116)
Recourse/Direct Credit Substitutes NPRM 05/25/94 (59 FR 27116) Second
NPRM 03/08/00 (65 FR 12320) Second NPRM Comment Period End 06/07/00
Synthesis of Credit Ratings/Recourse/Direct Credit Substitutes NPRM
11/05/97 (62 FR 59944) Final Action 12/00/01
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Robert F. Storch, Chief, Accounting Section, Division
of Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-8906
RIN: 3064-AB31
_______________________________________________________________________
4431. QUALIFICATION REQUIREMENTS FOR THE RECOMMENDATION OR SALE OF
CERTAIN SECURITIES
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1818; 12 USC 1831
CFR Citation: 12 CFR 342
Legal Deadline: Final, Statutory, May 12, 2001, recordkeeping
requirement.
Abstract: This proposal, sponsored jointly by the OCC, the FRS, and the
FDIC, would establish qualifications for banks that sell certain
securities to their customers without having to register as a broker
under the Securities Exchange Act. FDIC staff are contemplating a
recommendation to rescind this proposal and replace it with a second
NPRM to exempt banks from registering with the NASD/SEC as securities
brokers or dealers in the event that they qualify under any of the
exemption criteria in Gramm-Leach-Bliley Act sections 201 or 202 (see
NPRM described at 3064-AC42).
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 12/30/96 61 FR 68824
[[Page 62672]]
NPRM Comment Period End 02/28/97
Final Action 12/00/01
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Keith Ligon, Chief, Policy Unit, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-3618
RIN: 3064-AB85
_______________________________________________________________________
4432. RISK-BASED CAPITAL STANDARDS: CLAIMS ON SECURITIES FIRMS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1815(a); 12 USC 1828(d); 12 USC 1828(i); 12 USC
1828(n); 12 USC 1828(o); 12 USC 1831o; 12 USC 1835; 12 USC 1815(b); 12
USC 1816; 12 USC 1818(a) to 1818(c); 12 USC 1818(t); 12 USC 1819
(Tenth); 12 USC 1828(c)
CFR Citation: 12 CFR 325
Legal Deadline: None
Abstract: This rulemaking is sponsored jointly by the OCC, the FRS, the
FDIC and OTS (the Agencies), and amends their respective risk-based
capital standards for banks, bank holding companies, and savings
associations with regard to the risk-weighting of claims on, and claims
guaranteed by, qualifying securities firms. The rule reduces the risk
weight applied to claims on, and claims guaranteed by, qualifying
securities firms incorporated in countries that are members of the
Organization for Economic Cooperation and Development (OECD) from 100
percent to 20 percent under the Agencies' risk-based capital rules.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 12/06/00 65 FR 76180
NPRM Comment Period End 01/22/01
Final Action 12/00/01
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Stephen G. Pfeifer, Examination Specialist, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-8904
RIN: 3064-AC17
_______________________________________________________________________
4433. CAPITAL; LEVERAGE AND RISK-BASED CAPITAL GUIDELINES; CAPITAL
ADEQUACY GUIDELINES; CAPITAL MAINTENANCE: RESIDUAL INTERESTS IN ASSET
SECURITIZATIONS OR OTHER TRANSFERS OF FINANCIAL ASSETS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1815(a); 12 USC 1815(b); 12 USC 1816; 12 USC
1818(a) to 1818(c); 12 USC 1818(t); 12 USC 1819(Tenth); 12 USC 1828(c);
12 USC 1828(d); 12 USC 1828(i); 12 USC 1828(n); 12 USC 1828(o); 12 USC
1831o; 12 USC 1835; 12 USC 3907; 12 USC 3909; 12 USC 4808; PL 102-233;
105 Stat 1761; 105 Stat 1789
CFR Citation: 12 CFR 325
Legal Deadline: None
Abstract: This interagency rulemaking amends capital rules to restrict
excessive concentrations in residual interests by limiting the amount
that are included in Tier 1 capital for both leverage and risk-based
capital purposes. Residual interests in excess of this limitation would
be deducted from Tier 1 capital. The rulemaking also requires that
risk-based capital be held in an amount equal to the amount of residual
interests that are within this limitation. This rulemaking and the
rulemaking on recourse and direct credit substitutes (see 3064-AB31)
are interrelated in that both address the regulatory capital treatment
for residual interests in securitizations and other financial asset
transfers. The agencies participating in these two rulemakings are
ensuring that the treatment of residual interests will be consistent
and may issue a single combined final rule rather than separate final
rules.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 09/27/00 65 FR 57993
NPRM Comment Period End 12/26/00
Final Action 12/00/01
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Keith Ligon, Chief, Policy Unit, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-3618
RIN: 3064-AC34
_______________________________________________________________________
4434. PROHIBITION AGAINST USE OF INTERSTATE BRANCHES PRIMARILY FOR
DEPOSIT PRODUCTION
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1819(Tenth); 12 USC 1835a
CFR Citation: 12 CFR 369
Legal Deadline: None
Abstract: The rulemaking implements section 106 of the Gramm-Leach-
Bliley Act, which amends the Riegle-Neal Interstate Banking and
Branching Efficiency Act of 1994, to provide that any branch of a bank
controlled by an out-of-state bank holding company is considered to be
an interstate branch for purposes of Riegle-Neal.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 04/09/01 66 FR 18411
NPRM Comment Period End 06/08/01
Final Action 12/00/01
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Marc J. Goldstrom, Counsel, Legal Division, Federal
Deposit Insurance Corporation
Phone: 202 898-8807
RIN: 3064-AC36
_______________________________________________________________________
4435. RISK-BASED CAPITAL GUIDELINES: MARKET RISK MEASURE; SECURITIES
BORROWING TRANSACTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1815(a); 12 USC 1815(b); 12 USC 1816; 12 USC
1818(a) to 1818(c); 12 USC 1818(t); 12 USC 1819(Tenth); 12 USC 1828(c);
12 USC 1828(d); 12 USC 1828(i); 12 USC 1828(n); 12 USC 1828(o); 12 USC
1831o; PL 102-233; 105 Stat 1761; 105 Stat 1789; 105 Stat 1790; PL 102-
242; 105 Stat 2236; 105 Stat 2355; 105 Stat 2386
CFR Citation: 12 CFR 325
Legal Deadline: None
Abstract: This rulemaking
sponsored jointly by the OCC, the FRS and the
FDIC, amends their market risk rules to revise the capital treatment
for cash
[[Page 62673]]
collateral that is posted in
connection with certain securities
borrowing transactions. The effect of the rule is to more appropriately
align the capital requirements for these transactions with the risk
involved and to provide a capital treatment for U.S. banking
organizations that is more in line with the capital treatment applied
to their domestic and foreign competitors.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
Interim Final Rule 12/05/00 65
FR 75856
Interim Final Rule Effective 01/04/01
Interim Final Rule Comment
Period End 01/19/01
Final Action 12/00/01
Regulatory Flexibility
Analysis Required: No
Small Entities Affected: No
Government Levels Affected:
None
Agency Contact: Stephen G.
Pfeifer, Examination Specialist, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-8904
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1815(a); 12 USC 1815(b); 12 USC 1816; 12 USC
1818(a) to 1818(c); 12 USC 1818(t); 12 USC 1819(Tenth); 12 USC 1828(c);
12 USC 1828(d); 12 USC 1828(i); 12 USC 1828(n); 12 USC 1828(o); 12 USC
1831o; 12 USC 1835; 12 USC 3907; 12 USC 3909; 12 USC 4808; PL 102-233;
105 Stat 1761; 105 Stat 1789; PL 102-242; 105 Stat 2236
CFR Citation: 12 CFR 325
Legal Deadline: None
Abstract: This rulemaking, sponsored jointly by the OCC, the FRS and
the FDIC, amends respective risk-based and leverage capital standards
for banks and bank holding companies with respect to the capital
treatment of nonfinancial equity investments. The rule would deduct
from Tier 1 capital certain percentages of the adjusted carrying value
of all nonfinancial equity investments.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 02/14/01 66 FR 10212
NPRM Comment Period End 04/16/01
Final Action 12/00/01
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Stephen G. Pfeifer, Examination Specialist, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-8904
RIN: 3064-AC47
4437. CENSURE, SUSPENSION, AND DEBARMENT OF INDEPENDENT PUBLIC
ACCOUNTANTS
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 308
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM To Be Determined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Doris L. Marsh
Phone: 202 898-8905
RIN: 3064-AA64
_______________________________________________________________________
4438. CAPITAL MAINTENANCE--COLLATERALIZED TRANSACTIONS
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 325
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 08/16/96 61 FR 42565
NPRM Comment Period End 10/15/96
Final Action To Be Determined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Stephen G. Pfeifer
Phone: 202 898-8904
RIN: 3064-AB78
_______________________________________________________________________
4439. NOTIFICATION OF ASSUMPTION OF DEPOSITS AND CHANGE OF INSURED
STATUS
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 307
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 05/14/97 62 FR 26431
NPRM Comment Period End 07/14/97
Final Action To Be Determined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Rodney D. Ray
Phone: 202 898-3556
RIN: 3064-AB88
_______________________________________________________________________
4440. ADVERTISEMENT OF MEMBERSHIP
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 328
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 02/11/97 62 FR 6142
NPRM Comment Period End 04/14/97
Final Action To Be Determined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Marc J. Goldstrom
Phone: 202 898-8807
RIN: 3064-AB99
[[Page 62674]]
4441. DEPOSIT INSURANCE ENGAGED IN THE BUSINESS OF RECEIVING
DEPOSITS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 378; 12 USC 1813; 12 USC 1815 to 1818; 12 USC
1819 (Seventh and Tenth); 12 USC 1820; 12 USC 1823; 12 USC 1828; 12 USC
1831a; 12 USC 1831e; 12 USC 1831o; 12 USC 1831p-1; 12 USC 1835a; 12 USC
3104; 12 USC 3105; 12 USC 3108; 12 USC 3207; 15 USC 1601 to 1607
CFR Citation: 12 CFR 303
Legal Deadline: None
Abstract: This rulemaking replaces FDIC's General Counsel Opinion No.
12 with a regulation. The purpose of promulgating a regulation would be
to clarify the requirement that an insured depository institution be
``engaged in the business of receiving deposits other than trust
funds.''
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 04/19/01 66 FR 20102
NPRM Comment Period End 07/18/01
Final Action 10/30/01 66 FR 54645
Final Action Effective 11/29/01
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Christopher L. Hencke, Counsel, Legal Division, Federal
Deposit Insurance Corporation
Phone: 202 898-8839
RIN: 3064-AC49
[FR Doc. 01-23871 Filed 11-30-01; 8:45 am]
BILLING CODE 6714-01-S
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