Federal Deposit
Insurance Corporation

[Page 65420]

Federal Deposit Insurance Corporation (FDIC) Completed Actions

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4434. FOREIGN ACTIVITIES OF INSURED STATE NONMEMBER BANKS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1813; 12 USC 1815; 12 USC 1817; 12 USC 1819; 12
USC 1820; 12 USC 1828; 12 USC 3103; 12 USC 3104; 12 USC 3105; 12 USC
3108; PL 98-181

CFR Citation: 12 CFR 347

Legal Deadline: None

Abstract: This rulemaking is sponsored jointly by the OCC, the FRS, and
the FDIC. It implements the provisions related to an extended
examination cycle for U.S. branches and agencies of foreign banks set
out in section 2214 of the Economic Growth and Regulatory Paperwork
Reduction Act of 1996 (EGRPRA).

Timetable:
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Action Date FR Cite

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Interim Final Rule 08/28/98 63 FR 46118
Interim Final Rule Comment
Period End 10/27/98
Final Rule 10/22/99 64 FR 56949
Final Rule Effective 10/22/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Karen Walter, Chief, International Branch, Division of
Supervision, Federal Deposit Insurance Corporation, Washington, DC
20429
Phone: 202 898-3540

RIN: 3064-AC15
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