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,