Federal Deposit
Insurance Corporation

[Page 65421]

Federal Deposit Insurance Corporation (FDIC) Completed Actions

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4437.  ASSET AND LIABILITY BACKUP PROGRAM

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1819(a)(Tenth); 12 USC 1818(u); 12 USC 1818(b);
12 USC 1821

CFR Citation: 12 CFR 331

Legal Deadline: None

Abstract: This rulemaking requires asset and liability backup programs
for limited deposit account and loan account information in a limited
number of institutions to facilitate timely and accurate restoration of
key financial records in the event that an FDIC-insured depository
institution (insured depository institution) experiences a Year 2000
computer problem and is placed in receivership.

Timetable:
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Action Date FR Cite

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Interim Final Rule 06/09/99 64 FR 30869
Interim Final Rule Effective 07/09/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: James Crum, Manager, Information Systems Section,
Division of Resolution and Receiverships, Federal Deposit Insurance
Corporation, Washington, DC 20429
Phone: 202 898-6698

RIN: 3064-AC23
[FR Doc. 99-25674 Filed 11-19-99; 8:45 am]
BILLING CODE 6714-01-F