Federal Deposit
Insurance Corporation

Legal Authority: 12 USC 1441; 12 USC 1817 to 1819

4422. RECEIVERSHIP RULES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1819 to 1821

CFR Citation: 12 CFR 360

Legal Deadline: None

Abstract: This rulemaking establishes uniform rules governing the
payment and priority of postinsolvency interest payments from all
receiverships administered by the FDIC and makes other technical and
clarifying changes to part 360.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

[[Page 62670]]

Agency Contact: Mitchell Glassman, Director, Division of Resolutions
and Receiverships, Federal Deposit Insurance Corporation
Phone: 202 898-6525

RIN: 3064-AB92
_______________________________________________________________________

4423. CONTRACTOR CONFLICT OF INTEREST

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1819; 12 USC 1822(f)(3); 12 USC 1822(f)(4)

CFR Citation: 12 CFR 366

Legal Deadline: None

Abstract: This rulemaking clarifies that part 366 does not pertain to
FDIC contractors who intend to purchase assets from the FDIC. Conflicts
of interest regarding contractors who intend to purchase assets from
the FDIC will be covered by an FDIC circular regarding the sale of
assets to restricted contractors.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Donald Rosholt, Senior Ethics Program Specialist,
Office of the Executive Secretary, Federal Deposit Insurance
Corporation
Phone: 202 898-7287

RIN: 3064-AC29
____________________________________________________________________

4424. FAIR CREDIT REPORTING ACT REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 1681s; 12 USC 1819(a)(Tenth)

CFR Citation: 12 CFR 334

Legal Deadline: None

Abstract: Section 506 of the Gramm-Leach-Bliley Act requires bank
regulators and FTC to publish FCRA regulations to implement the Fair
Credit Reporting Act. Due to comments received from a joint notice of
proposed rulemaking, dated October 20, 2000, it is anticipated that the
agencies will issue a new proposed rulemaking for public comment.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 10/20/00 65 FR 63120
NPRM Comment Period End 12/04/00
Second NPRM 01/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deanna Caldwell, Senior Policy Analyst, Division of
Compliance and Consumer Affairs, Federal Deposit Insurance Corporation
Phone: 202 942-3366

RIN: 3064-AC35
_______________________________________________________________________

4425. PROCEDURES FOR THE COLLECTION OF CORPORATE DEBT BY ADMINISTRATIVE
OFFSET

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1819(a); 5 USC 5514; 31 USC 3711; 31 USC 3716

CFR Citation: 12 CFR 313

Legal Deadline: None

Abstract: This rulemaking establishes procedures for the collection of
debts owed the FDIC. The rulemaking also implements the Debt Collection
Improvement Act of 1996, which requires agencies to promulgate
regulations on this subject. The regulation sets forth the procedures
the FDIC would follow in collecting debts through salary offset,
administrative offset, and tax refund offset.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Manuel Palau, Counsel, Legal Division, Federal Deposit
Insurance Corporation
Phone: 202 898-8829

RIN: 3064-AC40
_______________________________________________________________________

4426. BROKERS AND DEALERS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 78a

CFR Citation: Not Yet Determined

Legal Deadline: Final, Statutory, May 12, 2001.

Abstract: This rulemaking implements section 204 of the Gramm-Leach-
Bliley Act (GLBA), which requires the Federal banking agencies to
establish recordkeeping requirements for banks relying on any of the
broker-dealer exemptions listed in sections 201 and 202 of GLBA.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Keith Ligon, Chief, Policy Unit, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-3618

RIN: 3064-AC42
_______________________________________________________________________

4427. DEPOSIT INSURANCE COVERAGE

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1813(l)

CFR Citation: 12 CFR 330

Legal Deadline: None

Abstract: This rulemaking establishes a uniform and streamlined appeals
process for deposit insurance claims.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Richard Osterman, Assistant General Counsel, Legal
Division, Federal Deposit Insurance Corporation
Phone: 202 736-0617

RIN: 3064-AC43
_______________________________________________________________________

4428. SIMPLIFIED CAPITAL FRAMEWORK FOR NONCOMPLEX FINANCIAL INSTITUTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1815(a)

CFR Citation: 12 CFR 325

Legal Deadline: None

Abstract: This notice, sponsored jointly by the OCC, the FRS, the FDIC
and OTS, advises the public that the Agencies are considering
developing a regulatory capital framework tailored to the size,
structure, complexity, and risk profile of domestic, noncomplex
financial institutions. The Agencies are

[[Page 62671]]

seeking comment on possible regulatory capital frameworks that may ease
the burden on these financial institutions, such as a simplified risk-
based or a modified leverage ratio framework.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

ANPRM 11/03/00 65 FR 66193
ANPRM Comment Period End 02/01/01
NPRM 12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Keith Ligon, Chief, Policy Unit, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-3618

RIN: 3064-AC44
_______________________________________________________________________

4429.  FILING PROCEDURES AND DELEGATIONS OF AUTHORITY

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 378

CFR Citation: 12 CFR 303

Legal Deadline: None

Abstract: This rulemaking eliminates the existing requirement that the
FDIC's Board act on merger applications involving a combined market
share above 35 percent; it also reflects certain required Gramm-Leach-
Bliley changes and revisions to enforcement delegations as well as
technical amendments to part 303.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Rae-Ann Miller, Assistant Director, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-8523

RIN: 3064-AC51

4430. CAPITAL MAINTENANCE--RECOURSE ARRANGEMENTS AND DIRECT CREDIT
SUBSTITUTES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1815(a); 12 USC 1816; 12 USC 1818(a); 12 USC
1819(Tenth); 12 USC 1828(d); 12 USC 1831o; 12 USC 3907; 12 USC 3909; 12
USC 1815(b); 12 USC 1818(b); 12 USC 1818(c); 12 USC 1818(t); 12 USC
1828(i); 12 USC 1828(n); 12 USC 1828(o); 12 USC 1835; 12 USC 4808; 12
USC 1828(c); PL 102-233; 105 Stat 1761; 105 Stat 1789; 105 Stat 1790;
105 Stat 2236

CFR Citation: 12 CFR 325

Legal Deadline: None

Abstract: The interagency rulemaking revises risk-based capital
standards by addressing the regulatory capital treatment of recourse
obligations and direct credit substitutes that expose banks, bank
holding companies, and thrifts to credit risk. The revision treats
recourse obligations and direct credit substitutes more consistently
than under the agencies' current risk-based capital standards. In
addition, the revision allows the agencies to use credit ratings and
certain alternative approaches to match the risk-based capital
requirement more closely to a banking organization's relative risk of
loss in asset securitizations. The rulemaking also requires the sponsor
of a revolving credit securitization that involves an early
amortization feature to hold capital against the amount of assets under
management; i.e., the off balance sheet securitized receivables. The
rulemaking is intended to result in more consistent treatment of
recourse obligations and similar transactions among the agencies, more
consistent risk-based capital treatment for certain types of
transactions involving similar risk, and capital requirements that more
closely reflect a banking organization's relative exposure to credit
risk. This rulemaking and the rulemaking on residual interests (see
3064-AC34) are interrelated in that both address the regulatory capital
treatment for residual interests in securitizations and other financial
asset transfers. The agencies participating in these two rulemakings
are ensuring that the treatment of residual interests will be
consistent and may issue a single combined final rule rather than
separate final rules.

Timetable:
________________________________________________________________________

Credit Ratings ANPRM 05/25/94 (59 FR 27116)

Recourse/Direct Credit Substitutes NPRM 05/25/94 (59 FR 27116) Second
NPRM 03/08/00 (65 FR 12320) Second NPRM Comment Period End 06/07/00

Synthesis of Credit Ratings/Recourse/Direct Credit Substitutes NPRM
11/05/97 (62 FR 59944) Final Action 12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Robert F. Storch, Chief, Accounting Section, Division
of Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-8906

RIN: 3064-AB31
_______________________________________________________________________

4431. QUALIFICATION REQUIREMENTS FOR THE RECOMMENDATION OR SALE OF
CERTAIN SECURITIES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1818; 12 USC 1831

CFR Citation: 12 CFR 342

Legal Deadline: Final, Statutory, May 12, 2001, recordkeeping
requirement.

Abstract: This proposal, sponsored jointly by the OCC, the FRS, and the
FDIC, would establish qualifications for banks that sell certain
securities to their customers without having to register as a broker
under the Securities Exchange Act. FDIC staff are contemplating a
recommendation to rescind this proposal and replace it with a second
NPRM to exempt banks from registering with the NASD/SEC as securities
brokers or dealers in the event that they qualify under any of the
exemption criteria in Gramm-Leach-Bliley Act sections 201 or 202 (see
NPRM described at 3064-AC42).

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 12/30/96 61 FR 68824

[[Page 62672]]

NPRM Comment Period End 02/28/97
Final Action 12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Keith Ligon, Chief, Policy Unit, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-3618

RIN: 3064-AB85
_______________________________________________________________________

4432. RISK-BASED CAPITAL STANDARDS: CLAIMS ON SECURITIES FIRMS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1815(a); 12 USC 1828(d); 12 USC 1828(i); 12 USC
1828(n); 12 USC 1828(o); 12 USC 1831o; 12 USC 1835; 12 USC 1815(b); 12
USC 1816; 12 USC 1818(a) to 1818(c); 12 USC 1818(t); 12 USC 1819
(Tenth); 12 USC 1828(c)

CFR Citation: 12 CFR 325

Legal Deadline: None

Abstract: This rulemaking is sponsored jointly by the OCC, the FRS, the
FDIC and OTS (the Agencies), and amends their respective risk-based
capital standards for banks, bank holding companies, and savings
associations with regard to the risk-weighting of claims on, and claims
guaranteed by, qualifying securities firms. The rule reduces the risk
weight applied to claims on, and claims guaranteed by, qualifying
securities firms incorporated in countries that are members of the
Organization for Economic Cooperation and Development (OECD) from 100
percent to 20 percent under the Agencies' risk-based capital rules.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 12/06/00 65 FR 76180
NPRM Comment Period End 01/22/01
Final Action 12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stephen G. Pfeifer, Examination Specialist, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-8904

RIN: 3064-AC17
_______________________________________________________________________

4433. CAPITAL; LEVERAGE AND RISK-BASED CAPITAL GUIDELINES; CAPITAL
ADEQUACY GUIDELINES; CAPITAL MAINTENANCE: RESIDUAL INTERESTS IN ASSET
SECURITIZATIONS OR OTHER TRANSFERS OF FINANCIAL ASSETS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1815(a); 12 USC 1815(b); 12 USC 1816; 12 USC
1818(a) to 1818(c); 12 USC 1818(t); 12 USC 1819(Tenth); 12 USC 1828(c);
12 USC 1828(d); 12 USC 1828(i); 12 USC 1828(n); 12 USC 1828(o); 12 USC
1831o; 12 USC 1835; 12 USC 3907; 12 USC 3909; 12 USC 4808; PL 102-233;
105 Stat 1761; 105 Stat 1789

CFR Citation: 12 CFR 325

Legal Deadline: None

Abstract: This interagency rulemaking amends capital rules to restrict
excessive concentrations in residual interests by limiting the amount
that are included in Tier 1 capital for both leverage and risk-based
capital purposes. Residual interests in excess of this limitation would
be deducted from Tier 1 capital. The rulemaking also requires that
risk-based capital be held in an amount equal to the amount of residual
interests that are within this limitation. This rulemaking and the
rulemaking on recourse and direct credit substitutes (see 3064-AB31)
are interrelated in that both address the regulatory capital treatment
for residual interests in securitizations and other financial asset
transfers. The agencies participating in these two rulemakings are
ensuring that the treatment of residual interests will be consistent
and may issue a single combined final rule rather than separate final
rules.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 09/27/00 65 FR 57993
NPRM Comment Period End 12/26/00
Final Action 12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Keith Ligon, Chief, Policy Unit, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-3618

RIN: 3064-AC34
_______________________________________________________________________

4434. PROHIBITION AGAINST USE OF INTERSTATE BRANCHES PRIMARILY FOR
DEPOSIT PRODUCTION

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1819(Tenth); 12 USC 1835a

CFR Citation: 12 CFR 369

Legal Deadline: None

Abstract: The rulemaking implements section 106 of the Gramm-Leach-
Bliley Act, which amends the Riegle-Neal Interstate Banking and
Branching Efficiency Act of 1994, to provide that any branch of a bank
controlled by an out-of-state bank holding company is considered to be
an interstate branch for purposes of Riegle-Neal.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 04/09/01 66 FR 18411
NPRM Comment Period End 06/08/01
Final Action 12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marc J. Goldstrom, Counsel, Legal Division, Federal
Deposit Insurance Corporation
Phone: 202 898-8807

RIN: 3064-AC36
_______________________________________________________________________


4435. RISK-BASED CAPITAL GUIDELINES: MARKET RISK MEASURE; SECURITIES
BORROWING TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1815(a); 12 USC 1815(b); 12 USC 1816; 12 USC
1818(a) to 1818(c); 12 USC 1818(t); 12 USC 1819(Tenth); 12 USC 1828(c);
12 USC 1828(d); 12 USC 1828(i); 12 USC 1828(n); 12 USC 1828(o); 12 USC
1831o; PL 102-233; 105 Stat 1761; 105 Stat 1789; 105 Stat 1790; PL 102-
242; 105 Stat 2236; 105 Stat 2355; 105 Stat 2386

CFR Citation: 12 CFR 325

Legal Deadline: None

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1815(a); 12 USC 1815(b); 12 USC 1816; 12 USC
1818(a) to 1818(c); 12 USC 1818(t); 12 USC 1819(Tenth); 12 USC 1828(c);
12 USC 1828(d); 12 USC 1828(i); 12 USC 1828(n); 12 USC 1828(o); 12 USC
1831o; 12 USC 1835; 12 USC 3907; 12 USC 3909; 12 USC 4808; PL 102-233;
105 Stat 1761; 105 Stat 1789; PL 102-242; 105 Stat 2236

CFR Citation: 12 CFR 325

Legal Deadline: None

Abstract: This rulemaking, sponsored jointly by the OCC, the FRS and
the FDIC, amends respective risk-based and leverage capital standards
for banks and bank holding companies with respect to the capital
treatment of nonfinancial equity investments. The rule would deduct
from Tier 1 capital certain percentages of the adjusted carrying value
of all nonfinancial equity investments.

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 02/14/01 66 FR 10212
NPRM Comment Period End 04/16/01
Final Action 12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stephen G. Pfeifer, Examination Specialist, Division of
Supervision, Federal Deposit Insurance Corporation
Phone: 202 898-8904

RIN: 3064-AC47

4437. CENSURE, SUSPENSION, AND DEBARMENT OF INDEPENDENT PUBLIC
ACCOUNTANTS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 308

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM To Be Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Doris L. Marsh
Phone: 202 898-8905

RIN: 3064-AA64
_______________________________________________________________________

4438. CAPITAL MAINTENANCE--COLLATERALIZED TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 325

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 08/16/96 61 FR 42565
NPRM Comment Period End 10/15/96
Final Action To Be Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stephen G. Pfeifer
Phone: 202 898-8904

RIN: 3064-AB78
_______________________________________________________________________

4439. NOTIFICATION OF ASSUMPTION OF DEPOSITS AND CHANGE OF INSURED
STATUS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 307

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 05/14/97 62 FR 26431
NPRM Comment Period End 07/14/97
Final Action To Be Determined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Rodney D. Ray
Phone: 202 898-3556

RIN: 3064-AB88
_______________________________________________________________________

4440. ADVERTISEMENT OF MEMBERSHIP

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 328

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 02/11/97 62 FR 6142
NPRM Comment Period End 04/14/97
Final Action To Be Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marc J. Goldstrom
Phone: 202 898-8807

RIN: 3064-AB99

[[Page 62674]]

4441.  DEPOSIT INSURANCE ENGAGED IN THE BUSINESS OF RECEIVING
DEPOSITS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 378; 12 USC 1813; 12 USC 1815 to 1818; 12 USC
1819 (Seventh and Tenth); 12 USC 1820; 12 USC 1823; 12 USC 1828; 12 USC
1831a; 12 USC 1831e; 12 USC 1831o; 12 USC 1831p-1; 12 USC 1835a; 12 USC
3104; 12 USC 3105; 12 USC 3108; 12 USC 3207; 15 USC 1601 to 1607

CFR Citation: 12 CFR 303

Legal Deadline: None

Abstract: This rulemaking replaces FDIC's General Counsel Opinion No.
12 with a regulation. The purpose of promulgating a regulation would be
to clarify the requirement that an insured depository institution be
``engaged in the business of receiving deposits other than trust
funds.''

Timetable:
________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 04/19/01 66 FR 20102
NPRM Comment Period End 07/18/01
Final Action 10/30/01 66 FR 54645
Final Action Effective 11/29/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Christopher L. Hencke, Counsel, Legal Division, Federal
Deposit Insurance Corporation
Phone: 202 898-8839

RIN: 3064-AC49
[FR Doc. 01-23871 Filed 11-30-01; 8:45 am]
BILLING CODE 6714-01-S

_______________________________________________________________________

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