[October 29, 1997 (Volume 62, Number 209)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[Page 58411-58412]
FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) Completed Actions
_______________________________________________________________________
4306. 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 notice of proposed rulemaking sought comment on how to
implement a new statute to prevent the shifting of deposits insured
under the Savings Association Insurance Fund
[[Page 58412]]
(SAIF) to deposits insured under the Bank Insurance Fund (BIF) to avoid
assessment rates applicable to SAIF deposits. After considering the
comments received, the FDIC decided that the statute's provisions could
be implemented without a regulation. On July 22, 1997, the FDIC's Board
of Directors voted to withdraw the proposal.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 02/11/97 62 FR 06139
NPRM Comment Period End 04/14/97
Withdrawn 07/29/97 62 FR 40487
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
_______________________________________________________________________
|
