Federal Deposit
Insurance Corporation

[Page 74909-74910]

Federal Deposit Insurance Corporation (FDIC) Final Rule Stage

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4615. <bullet> INTERAGENCY GUIDELINES ESTABLISHING STANDARDS FOR
SAFEGUARDING CUSTOMER INFORMATION AND RECISSION OF YEAR 2000 STANDARDS
FOR SAFETY AND SOUNDNESS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1818(Tenth); 12 USC 1831p-1; 15 USC 6801(b); 15
USC 6805(b)(1); 5 USC 504; 5 USC 554 to 557; 12 USC 93(b); 12 USC 164;
12 USC 505; 12 USC 1815(e); 12 USC 1817; 12 USC 1818; 12 USC 1820; 12
USC 1828; 12 USC 1829; 12 USC 1829b; 12 USC 1831o; 12 USC 1832(c); 12
USC 1884(b)

CFR Citation: 12 CFR 308; 12 CFR 364

Legal Deadline: None

Abstract: This rulemaking is sponsored jointly by the OCC, the FRS, the
FDIC and the OTS and implements sections 501 and 505(b) of the Gramm-
Leach Bliley Act. Section 501 of the Gramm-Leach-Bliley Act requires
agencies to establish appropriate standards for the financial
institutions subject to their respective jurisdictions relating to
administrative, technical, and physical safeguards for customer records
and information.

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Timetable:
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Action Date FR Cite

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NPRM 06/26/00 65 FR 39472
NPRM Comment Period End 08/25/00
Final Action 11/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Robert A. Patrick, Counsel, Legal Division, Federal
Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-3757