One-Time Assessment Credit, 36717-36718 [06-5839]

Download as PDF Federal Register / Vol. 71, No. 124 / Wednesday, June 28, 2006 / Proposed Rules 2006, comments and information on the matters addressed in the Framework Document and on other matters relevant to consideration of standards for beverage vending machines. The public meeting will be conducted in an informal conference-style. During the public meeting, there shall be no discussion of proprietary information, costs or prices, market shares, or other commercial matters regulated by the U.S. antitrust laws. After the public meeting and the expiration of the period for submitting written statements, the Department will begin collecting data, conducting the analyses as discussed in the Framework Document and reviewing the comments received. Anyone who would like to participate in the public meeting, receive meeting materials, or be added to the DOE mailing list to receive future notices and information regarding beverage vending machines, should contact Ms. Brenda Edwards-Jones at (202) 586–2945. Issued in Washington, DC, on June 22, 2006. Alexander A. Karsner, Assistant Secretary, Energy Efficiency and Renewable Energy. [FR Doc. 06–5838 Filed 6–27–06; 8:45 am] FEDERAL DEPOSIT INSURANCE CORPORATION 12 CFR Part 327 RIN 3064–AD07 Dividends Federal Deposit Insurance Corporation. ACTION: Proposed rule; extension of comment period. mstockstill on PROD1PC68 with PROPOSALS AGENCY: SUMMARY: On May 18, 2006, the Federal Deposit Insurance Corporation (FDIC) issued a notice of proposed rulemaking with request for comments on the implementation of dividends, as required by the Federal Deposit Insurance Act, as amended by the Federal Deposit Insurance Reform Act (‘‘Reform Act’’) (see 71 FR 28804). The FDIC is extending the comment period on that notice of proposed rulemaking to August 16, 2006. This action will allow interested persons additional time to analyze the issues and prepare their comments. DATES: Comments must be received on or before August 16, 2006. ADDRESSES: You may submit comments, identified by RIN number 3064–AD07 by any of the following methods: 15:27 Jun 27, 2006 Jkt 208001 On May 18, 2006, the FDIC requested comment on its proposal to implement the dividend requirements for an initial two-hear period. The proposed rule would sunset on December 31, 2008, and addresses the method for the calculation, declaration, and payment of dividends, and administrative appeals of individual dividend amounts. The proposed rule on dividends is just one of three notices of proposed rulemaking to implement certain aspects of the Reform Act published by the FDIC on the same date. At that time, the FDIC also published proposed rules on the one-time assessment credit (see 71 FR 28809) and certain procedural and operational changes to its risk-based assessments regulations in part 327 (see 71 FR 28790). In addition, the Reform Act requires the FDIC to prescribe rules on the designated reserve ratio and riskbased assessments. Those proposed rules are expected to be published in the coming weeks. The FDIC has determined that it would be most effective for comment purposes to have a longer period of overlap between the pending proposed rules on credits, dividends, and operational changes to the risk-based assessments regulations, and the upcoming proposed rules on the designated reserve ratio and risk-based assessments. All of these proposals relate in one way or another to risk- SUPPLEMENTARY INFORMATION: BILLING CODE 6450–01–P VerDate Aug<31>2005 • Agency Web site: https:// www.FDIC.gov/regulations/laws/ federal/propose.html. • Mail: Robert E. Feldman, Executive Secretary, Attention: Comments/Legal ESS, Federal Deposit Insurance Corporation, 550 17th Street, NW., Washington, DC 20429. • Hand Delivered/Courier: The guard station at the rear of the 550 17th Street, N.W. Building (located on F Street), on business days between 7 a.m. and 5 p.m. • E-mail: comments@FDIC.gov. Include RIN number 3064–AD07 in the subject line of the message. Instructions: Submissions received must include the agency name and RIN for this rulemaking. Comments received will be posted without change to https:// www.FDIC.gov/regulations/laws/ federal/propose.html, including any personal information provided. FOR FURTHER INFORMATION CONTACT: Munsell W. St. Clair, Senior Policy Analyst, Division of Insurance and Research, (202) 898–8967; Donna M. Saulnier, Senior Assessment Policy Specialist, Division of Finance, (703) 562–6167; and Kymberly K. Copa, Counsel, Legal Division, (202) 898– 8832. PO 00000 Frm 00003 Fmt 4702 Sfmt 4702 36717 based assessments, and commenters should have a period of time during which they could, if they so choose, review all of the proposals together. Recently, ING Bank, fsb and Nationwide Bank requested that the FDIC extend the closing date for comments on the pending proposed rules to coincide with the closing date for comments on the upcoming proposed rules. While the FDIC understands the concerns expressed, a 30-day extension should provide sufficient comment period overlap to permit all of the proposals to be reviewed together, giving interested parties 90 days to comment on the three pending proposals and allowing FDIC staff to consider all comments in a timely manner. Dated at Washington, DC this 20th day of June, 2006. By order of the Board of Directors. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 06–5834 Filed 6–27–06; 8:45 am] BILLING CODE 6714–01–P FEDERAL DEPOSIT INSURANCE CORPORATION 12 CFR Part 327 RIN 3064–AD08 One-Time Assessment Credit Federal Deposit Insurance Corporation. ACTION: Proposed rule; extension of comment period. AGENCY: SUMMARY: On May 18, 2006, the Federal Deposit Insurance Corporation (FDIC) issued a notice of proposed rulemaking with request for comments on the implementation of the one-time assessment credit for certain eligible insured depository institutions, as required by the Federal Deposit Insurance Act, as amended by the Federal Deposit Insurance Reform Act (‘‘Reform Act’’) (see 71 FR 28809). The FDIC is extending the comment period on that notice of proposed rulemaking to August 16, 2006. This action will allow interested persons additional time to analyze the issues and prepare their comments. DATES: Comments must be received on or before August 16, 2006. ADDRESSES: You may submit comments, identified by RIN number 3064–AD08 by any of the following methods: • Agency Web site: https:// www.FDIC.gov/regulations/laws/ federal/propose.html. E:\FR\FM\28JNP1.SGM 28JNP1 mstockstill on PROD1PC68 with PROPOSALS 36718 Federal Register / Vol. 71, No. 124 / Wednesday, June 28, 2006 / Proposed Rules • Mail: Robert E. Feldman, Executive Secretary, Attention: Comments/Legal ESS, Federal Deposit Insurance Corporation, 550 17th Street, NW., Washington, DC 20429. • Hand Delivered/Courier: The guard station at the rear of the 550 17th Street Building (located on F Street), on business days between 7 a.m. and 5 p.m. • E-mail: comments@FDIC.gov. Include RIN number 3064–AD08 in the subject line of the message. Instructions: Submissions received must include the agency name and RIN for this rulemaking. Comments received will be posted without change to https:// www.FDIC.gov/regulations/laws/ federal/propose.html, including any personal information provided. FOR FURTHER INFORMATION CONTACT: Munsell W. St. Clair, Senior Policy Analyst, Division of Insurance and Research, (202) 898–8967; Donna M. Saulnier, Senior Assessment Policy Specialist, Division of Finance, (703) 562–6167; and Kymberly K. Copa, Counsel, Legal Division, (202) 898– 8832. SUPPLEMENTARY INFORMATION: On May 18, 2006, the FDIC requested comment on its proposal to implement the onetime assessment credit. The proposed rule addresses: the aggregate amount of the one-time credit; the institutions that are eligible to receive credits; and the amount of each eligible institution’s credit, which for some institutions may be largely dependent on how the FDIC defines ‘‘successor’’ for these purposes. The proposed rule also would establish the qualifications and procedures governing the application of assessment credits, and provide a reasonable opportunity for an institution to challenge administratively the amount of the credit. The proposed rule on the one-time assessment credit is just one of three notices of proposed rulemaking to implement certain aspects of the Reform Act published by the FDIC on the same date. At that time, the FDIC also published proposed rules on dividends (see 71 FR 28804) and certain procedural and operational changes to its risk-based assessments regulations in part 327 (see 71 FR 28790). In addition, the Reform Act requires the FDIC to prescribe rules on the designated reserve ratio and risk-based assessments. Those proposed rules are expected to be published in the coming weeks. The FDIC has determined that it would be most effective for comment purposes to have a longer period of overlap between the pending proposed rules on credits, dividends, and VerDate Aug<31>2005 15:27 Jun 27, 2006 Jkt 208001 operational changes to the risk-based assessments regulations, and the upcoming proposed rules on the designated reserve ratio and risk-based assessments. All of these proposals relate in one way or another to riskbased assessments, and commenters should have a period of time during which they could, if they so choose, review all of the proposals together. Recently, ING Bank, fsb and Nationwide Bank requested that the FDIC extend the closing date for comments on the pending proposed rules to coincide with the closing date for comments on the upcoming proposed rules. While the FDIC understands the concerns expressed, a 30-day extension should provide sufficient comment period overlap to permit all of the proposals to be reviewed together, giving interested parties 90 days to comment on the three pending proposals and allowing FDIC staff to consider all comments in a timely manner. FEDERAL DEPOSIT INSURANCE CORPORATION additional time to analyze the issues and prepare their comments. DATES: Comments must be received on or before August 16, 2006. ADDRESSES: You may submit comments, identified by RIN number 3064–AD03 by any of the following methods: • Agency Web site: https:// www.FDIC.gov/regulations/laws/ federal/propose.html. • Mail: Robert E. Feldman, Executive Secretary, Attention: Comments/Legal ESS, Federal Deposit Insurance Corporation, 550 17th Street, NW., Washington, DC 20429. • Hand Delivered/Courier: The guard station at the rear of the 550 17th Street Building (located on F Street), on business days between 7 a.m. and 5 p.m. • E-mail: comments@FDIC.gov. Include RIN number 3064-AD03 in the subject line of the message. Instructions: Submissions received must include the agency name and RIN for this rulemaking. Comments received will be posted without change to https:// www.FDIC.gov/regulations/laws/ federal/propose.html, including any personal information provided. FOR FURTHER INFORMATION CONTACT: Munsell W. St. Clair, Senior Policy Analyst, Division of Insurance and Research, (202) 898–8967; Donna M. Saulnier, Senior Assessment Policy Specialist, Division of Finance, (703) 562–6167; and Christopher Bellotto, Counsel, Legal Division, (202) 898– 3801. 12 CFR Part 327 SUPPLEMENTARY INFORMATION: Dated at Washington, DC this 20th day of June, 2006. By order of the Board of Directors. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 06–5839 Filed 6–27–06; 8:45 am] BILLING CODE 6714–01–P RIN 3064–AD03 Assessments Federal Deposit Insurance Corporation. ACTION: Proposed rule; extension of comment period. AGENCY: SUMMARY: On May 18, 2006, the Federal Deposit Insurance Corporation (FDIC) issued a notice of proposed rulemaking with request for comments on revisions to 12 CFR part 327 (see 71 FR 28790). The rulemaking proposed to make the deposit insurance assessment system react more quickly and more accurately to changes in institutions’ risk profiles, and in so doing to eliminate several causes for complaint by insured depository institutions. The proposed rule also would make changes necessitated by the recently enacted Federal Deposit Insurance Reform Act. The FDIC is extending the comment period on that notice of proposed rulemaking to August 16, 2006. This action will allow interested persons PO 00000 Frm 00004 Fmt 4702 Sfmt 4702 On May 18, 2006, the FDIC requested comment on its proposal to make certain procedural and operational changes to its risk-based assessments regulations. The proposed rule would provide for assessment collection after each quarter ends, would require institutions with $300 million or more in assets to determine their assessment bases using average daily deposit balances, and would eliminate the float deduction used to determine the assessment base. In addition, the rules governing assessments of institutions that go out of business would be simplified; newly insured institutions would be assessed for the assessment period in which they become insured; prepayment and double payment options would be eliminated; institutions would have 90 days from each quarterly certified statement invoice to file requests for review and requests for revision; and the rules governing quarterly certified statement invoices would be adjusted for a quarterly assessment system and for a three-year retention period rather than the current five-year period. E:\FR\FM\28JNP1.SGM 28JNP1

Agencies

[Federal Register Volume 71, Number 124 (Wednesday, June 28, 2006)]
[Proposed Rules]
[Pages 36717-36718]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-5839]


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FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Part 327

RIN 3064-AD08


One-Time Assessment Credit

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Proposed rule; extension of comment period.

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SUMMARY: On May 18, 2006, the Federal Deposit Insurance Corporation 
(FDIC) issued a notice of proposed rulemaking with request for comments 
on the implementation of the one-time assessment credit for certain 
eligible insured depository institutions, as required by the Federal 
Deposit Insurance Act, as amended by the Federal Deposit Insurance 
Reform Act (``Reform Act'') (see 71 FR 28809). The FDIC is extending 
the comment period on that notice of proposed rulemaking to August 16, 
2006. This action will allow interested persons additional time to 
analyze the issues and prepare their comments.

DATES: Comments must be received on or before August 16, 2006.

ADDRESSES: You may submit comments, identified by RIN number 3064-AD08 
by any of the following methods:
     Agency Web site: https://www.FDIC.gov/regulations/ laws/
federal/propose.html.

[[Page 36718]]

     Mail: Robert E. Feldman, Executive Secretary, Attention: 
Comments/Legal ESS, Federal Deposit Insurance Corporation, 550 17th 
Street, NW., Washington, DC 20429.
     Hand Delivered/Courier: The guard station at the rear of 
the 550 17th Street Building (located on F Street), on business days 
between 7 a.m. and 5 p.m.
     E-mail: comments@FDIC.gov. Include RIN number 3064-AD08 in 
the subject line of the message.
    Instructions: Submissions received must include the agency name and 
RIN for this rulemaking. Comments received will be posted without 
change to https://www.FDIC.gov/regulations/ laws/federal/propose.html, 
including any personal information provided.

FOR FURTHER INFORMATION CONTACT: Munsell W. St. Clair, Senior Policy 
Analyst, Division of Insurance and Research, (202) 898-8967; Donna M. 
Saulnier, Senior Assessment Policy Specialist, Division of Finance, 
(703) 562-6167; and Kymberly K. Copa, Counsel, Legal Division, (202) 
898-8832.

SUPPLEMENTARY INFORMATION: On May 18, 2006, the FDIC requested comment 
on its proposal to implement the one-time assessment credit. The 
proposed rule addresses: the aggregate amount of the one-time credit; 
the institutions that are eligible to receive credits; and the amount 
of each eligible institution's credit, which for some institutions may 
be largely dependent on how the FDIC defines ``successor'' for these 
purposes. The proposed rule also would establish the qualifications and 
procedures governing the application of assessment credits, and provide 
a reasonable opportunity for an institution to challenge 
administratively the amount of the credit.
    The proposed rule on the one-time assessment credit is just one of 
three notices of proposed rulemaking to implement certain aspects of 
the Reform Act published by the FDIC on the same date. At that time, 
the FDIC also published proposed rules on dividends (see 71 FR 28804) 
and certain procedural and operational changes to its risk-based 
assessments regulations in part 327 (see 71 FR 28790). In addition, the 
Reform Act requires the FDIC to prescribe rules on the designated 
reserve ratio and risk-based assessments. Those proposed rules are 
expected to be published in the coming weeks.
    The FDIC has determined that it would be most effective for comment 
purposes to have a longer period of overlap between the pending 
proposed rules on credits, dividends, and operational changes to the 
risk-based assessments regulations, and the upcoming proposed rules on 
the designated reserve ratio and risk-based assessments. All of these 
proposals relate in one way or another to risk-based assessments, and 
commenters should have a period of time during which they could, if 
they so choose, review all of the proposals together.
    Recently, ING Bank, fsb and Nationwide Bank requested that the FDIC 
extend the closing date for comments on the pending proposed rules to 
coincide with the closing date for comments on the upcoming proposed 
rules. While the FDIC understands the concerns expressed, a 30-day 
extension should provide sufficient comment period overlap to permit 
all of the proposals to be reviewed together, giving interested parties 
90 days to comment on the three pending proposals and allowing FDIC 
staff to consider all comments in a timely manner.

    Dated at Washington, DC this 20th day of June, 2006.

    By order of the Board of Directors.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 06-5839 Filed 6-27-06; 8:45 am]
BILLING CODE 6714-01-P
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