SUMMARY: The FDIC has adopted a Statement of Policy to further its
commitment to the use of Alternative Dispute Resolution for resolving
appropriate disputes in a timely and cost efficient manner and to
comply with the spirit of the Administrative Dispute Resolution Act of
1996, Pub. L. 104-320.
EFFECTIVE DATE: December 9, 1997.
FOR FURTHER INFORMATION CONTACT: James D. Hudson, Counsel (202) 736-
0581, Legal Division, Federal Deposit Insurance Corporation, 550 17th
Street, NW., Washington, DC 20429.
SUPPLEMENTARY INFORMATION: The Board of Directors of the FDIC has
adopted a Statement of Policy on Alternative Dispute Resolution. The
text of the Policy Statement follows:
Statement of Policy on Alternative Dispute Resolution
The Federal Deposit Insurance Corporation (FDIC) has been and
continues to be committed to the use of Alternative Dispute Resolution
(ADR) for resolving appropriate disputes in a more timely, less costly
manner than litigation or administrative adjudication. The FDIC hereby
adopts this policy to reiterate its commitment to ADR, to express its
full support for ADR and to set forth a framework for the continuing
and expanding use of ADR. The Corporation views ADR not as an end in
itself, but rather, as an additional tool to accomplish its business
efficiently, economically and productively. To that end, the FDIC
believes that its ADR policy should be dynamic and continually
The FDIC fully supports the cost-effective use of ADR, including
negotiation, mediation, early neutral evaluation, neutral expert fact-
finding, mini-trials and other hybrid forms of ADR in appropriate
instances. The purpose of this policy is to use ADR in appropriate
instances to resolve disputes at the earliest stage possible, by the
fastest and least expensive method possible and at the lowest possible
organizational level consistent with applicable delegations of
The Deputy General Counsel for Corporate Operations (or his/her
designee) serves as the Dispute Resolution Specialist for the
Corporation. In addition, an ADR Steering Committee, composed of the
Dispute Resolution Specialist (or his/her designee) and representatives
from each Division and Office, was established by the Board of
Directors in 1994 to coordinate and encourage appropriate
and cost-effective conflict management practices in all aspects of FDIC
operations and programs. The Dispute Resolution Specialist, working
with the ADR Steering Committee, shall report to the Board of Directors
on an annual basis regarding the Corporation's ADR efforts,
implementation of this policy, and any revisions or actions necessary.
It is the responsibility of all FDIC employees to implement this
policy and to practice and promote cost-effective dispute resolution in
FDIC programs and other areas of Corporation operation. All management
and employees of the FDIC are hereby directed to take the necessary
steps to implement this policy and to cooperate to the fullest extent
with the ADR Steering Committee and the Dispute Resolution Specialist
(and his/her designee) to promote effective and appropriate use of ADR
at the Corporation in furtherance of this policy.
The FDIC welcomes and encourages input on the use of ADR and
comment on current and potential uses of ADR from both within and
outside the Corporation.
By order of the Board of Directors.
Dated at Washington, DC, this 9th day of December, 1997.
Federal Deposit Insurance Corporation.
James D. LaPierre,
Deputy Executive Secretary.
[FR Doc. 97-33038 Filed 12-17-97; 8:45 am]
BILLING CODE 6714-01-P