Federal Deposit Insurance Corporation April 2008 – Federal Register Recent Federal Regulation Documents

The Federal Deposit Insurance Corporation (the FDIC) is publishing for comment an interim final policy statement (``Policy Statement'') on the treatment of covered bonds in a conservatorship or receivership. The Policy Statement provides guidance on the availability of expedited access to collateral pledged for certain covered bonds in a receivership or a conservatorship, after the FDIC decides whether to terminate or continue the transaction. The Policy Statement provides guidance to facilitate the prudent and incremental development of the U.S. covered bond market while the FDIC, and other regulators, evaluate the benefits and risks of these products in the U.S. mortgage market. The Policy Statement is being published as ``interim final'' in order to provide immediate guidance, but with a view to possible later amendment in response to comments received.

The FDIC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35). Currently, the FDIC is soliciting comments concerning the following collections of information titled: ``Flood Insurance,'' OMB No. 3064-120, and ``Forms Relating to Processing Deposit Insurance Claims,'' OMB No. 3064-0143.