4455. FORMAL MINORITY- AND WOMEN-OWNED BUSINESS AND LAW FIRM
Legal Authority: 12 USC 1819; 12 USC 1822
CFR Citation: 12 CFR 361
Legal Deadline: None
Abstract: This rulemaking replaces the self-certification program for
minority- and women-owned businesses wishing to do business with the
FDIC, with a more formal program for certification. The rulemaking is
the result of a CDRI section 303(a) review.
Abstract: This rulemaking, jointly sponsored by the FDIC, the FRS, the
OCC, and the OTS, resolves differences among the agencies with regard
to the capital treatment of construction loans on presold residential
properties, real estate loans secured by junior liens on 1-4 family
residential properties, investments in mutual funds, and the minimum
Tier 1 leverage capital standard. This rule is the result of a CDRI
section 303(a) review.