[April 25, 1997 (Volume 62, Number 80)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[Page 22652]
Part LI
Federal Deposit Insurance Corporation
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FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) Proposed Rule Stage
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4098. <bullet> PREVENTION OF DEPOSIT SHIFTING
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1815; 12 USC 1819
CFR Citation: 12 CFR 312
Legal Deadline: None
The deposit shifting statute terminates on the earlier of Dec. 31,
1999, or the date on which the last savings association ceases to
exist.
Abstract: This regulatory action implements a new statute to prevent
the shifting of deposits insured under the Savings Association
Insurance Fund (SAIF) to deposits insured under the Bank Insurance Fund
(BIF) to avoid assessments rates applicable to SAIF deposits.
Timetable:
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Action Date FR Cite
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NPRM 02/11/97 62 FR 06139
NPRM Comment Period End 04/14/97
Final Action 10/00/97
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Joseph A. DiNuzzo, Counsel, Legal Division, Federal
Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-7349
RIN: 3064-AC01
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