Federal Deposit Insurance Corporation June 2007 – Federal Register Recent Federal Regulation Documents

FDIC Advisory Committee on Economic Inclusion (ComE-IN); Notice of Meeting
Document Number: E7-12632
Type: Notice
Date: 2007-06-29
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
In accordance with the Federal Advisory Committee Act, notice is hereby given of a meeting of the FDIC Advisory Committee on Economic Inclusion, which will be held in Washington, DC. The Advisory Committee will provide advice and recommendations on initiatives to expand access to banking services by underserved populations.
Extension of Time Period for Quarterly Reporting of Bank Officers' and Certain Employees' Personal Securities Transactions
Document Number: E7-12239
Type: Proposed Rule
Date: 2007-06-27
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC proposes to amend its rule concerning the period of time that officers and all employees of state nonmember banks who make or participate in investment decisions for the accounts of customers (``certain employees'') have to report their personal securities transactions after the end of the calendar quarter. The revision would extend the time period from 10-business days to 30-calendar days after the end of the calendar quarter for bank officers and certain employees to report personal securities transactions to the bank. This revision reflects certain developments in Federal securities regulations.
Agency Information Collection Activities: Proposed Collection Renewals; Comment Request
Document Number: 07-2989
Type: Notice
Date: 2007-06-18
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Office of Thrift Supervision, Comptroller of the Currency
The FDIC, OCC, and OTS (Agencies), as part of their continuing efforts to reduce paperwork and respondent burden, invite the general public and other federal agencies to take this opportunity to comment on a continuing information collection titled ``Affiliate Marketing/ Consumer Opt-Out Notices,'' as required by the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35). OMB Control numbers for this collection are 3064-0149 (FDIC), 1557-0230 (OCC), and 1550-0112 (OTS).
Sunshine Act; Notice of Agency Meeting
Document Number: E7-11665
Type: Notice
Date: 2007-06-15
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Sunshine Act; Notice of Agency Meeting
Document Number: E7-11664
Type: Notice
Date: 2007-06-15
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Illustrations of Consumer Information for Nontraditional Mortgage Products
Document Number: 07-2859
Type: Notice
Date: 2007-06-08
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, National Credit Union Administration, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Office of Thrift Supervision, Comptroller of the Currency
The Agencies are publishing three documents that set forth Illustrations of Consumer Information for Nontraditional Mortgage Products. The illustrations are intended to assist institutions in implementing the consumer protection portion of the Interagency Guidance on Nontraditional Mortgage Product Risks (Interagency NTM Guidance) adopted on October 4, 2006. 71 FR 58609 (Oct. 4, 2006). The illustrations are not model forms and institutions may choose not to use them in providing information to consumers on nontraditional mortgage products as recommended in the Interagency NTM Guidance.
Agency Information Collection Activities: Proposed Information Collection; Comment Request
Document Number: E7-11005
Type: Notice
Date: 2007-06-07
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
In accordance with the Paperwork Reduction Act of 1995, an agency may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The FDIC is contemplating initiating a two-year pilot program relating to small- dollar lending by insured depository institutions. Institutions meeting threshold eligibility requirements may volunteer to participate in the pilot, and the collection at this first stage would provide certain basic information as to the institution and its current or proposed small-dollar lending program. Participating institutions would thereafter provide certain information to the FDIC about their ongoing experience with their small-dollar lending program. The collection at this second stage would provide information on the most effective and replicable business practices to incorporate affordable small-dollar loans into effective business models to reach out to underserved communities and to develop new customers for mainstream banking services, whether consumers who take advantage of such loans migrate into other banking products, and whether a savings component provides a steady increase in savings.