Agency Information Collection Activities: Submission for OMB Review; Comment Request
In accordance with requirements of the Paperwork Reduction Act (44 U.S.C. 3501-3521), the FDIC hereby gives notice that it is submitting to OMB a request for review and approval of the following collection of information: ``Notification of Changes of Insured Status,'' OMB No. 3064-0124.
Agency Information Collection Activities: Proposed Collection Renewal (3064-0097); Comment Request
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 a continuing information collection, as required by the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35). Currently, the FDIC is soliciting comments concerning the following collection of information titled: ``Interagency Notice of Change in Director or Executive Officer.''
Agency Information Collection Activities: Proposed Collection Renewals (0134; 0135); Comment Request
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 proposed and/or 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 continuing collections of information titled: (1) Customer Assistance (3064-0134); and (2) Asset Purchaser Eligibility Certification (3064-0135).
Interest Rate Restrictions on Institutions That Are Less Than Well-Capitalized
The FDIC is proposing to amend its regulations relating to the interest rate restrictions that apply to insured depository institutions that are not well capitalized. Under the proposed rule, such insured depository institutions generally would be permitted to offer the ``national rate'' plus 75 basis points. The ``national rate'' would be defined, for deposits of similar size and maturity, as an average of rates paid by all insured depository institutions and branches for which data are available. For those cases in which the ``national rate'' does not represent the prevailing rate in a particular market, as indicated by available evidence, the depository institution would be permitted to offer the prevailing rate plus 75 basis points. The purpose of this proposed rule is to clarify the interest rate restrictions for certain insured depository institutions and examiners.
Processing of Deposit Accounts in the Event of an Insured Depository Institution Failure
The FDIC is adopting a final rule establishing the FDIC's practices for determining deposit and other liability account balances at a failed insured depository institution. Except as noted, the FDIC practices defined in the final rule represent a continuation of long- standing FDIC procedures in processing such balances at a failed depository institution. The final rule also imposes certain disclosure requirements in connection with sweep accounts. The final rule replaces the FDIC's interim rule on this subject and applies to all insured depository institutions.