[November 9, 1998 (Volume 63, Number 216)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua09no98_052-8]
[Page 62700-62701]
FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) Proposed Rule Stage
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4450. <bullet> ACTIVITIES OF INSURED STATE BANKS AND INSURED SAVINGS
ASSOCIATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 375a(4); 12 USC 375b; 12 USC 1816; 12 USC
1818(a); 12 USC 1818(b); 12 USC 1819; 12 USC 1820(d)(10); 12 USC
1821(f); 12 USC 1818; 12 USC 1819 (Tenth); 12 USC 1828(m); 12 USC
1831a; 12 USC 1831e
CFR Citation: 12 CFR 362; 12 CFR 337
Legal Deadline: None
Abstract: This rulemaking proposes to add safety and soundness
standards to govern insured State nonmember banks that engage in the
public sale, distribution or underwriting of stocks, bonds, debentures,
notes or other securities through a subsidiary if those activities are
permissible for a national bank subsidiary but are not permissible for
the national bank itself. In addition, the rulemaking proposes to
require that insured State nonmember banks file a notice before
commencing any activities permissible for the parent national bank
itself. The rulemaking also proposes to remove and reserve the
provisions addressing ``Securities Activites of Subsidiaries of Insured
State Banks: Bank Transactions with Affiliated Securities Companies.''
Timetable:
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Action Date FR Cite
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NPRM 11/00/98
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Curtis Vaughn, Examination Specialist, Division of
Supervision, Federal Deposit Insurance Corporation, Washington, DC
20429
[[Page 62701]]
Phone: 202 898-6759
RIN: 3064-AC20
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