Federal Deposit Insurance Corporation 2013 – Federal Register Recent Federal Regulation Documents

Community Reinvestment Act Regulations
Document Number: 2013-30960
Type: Rule
Date: 2013-12-30
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The OCC, the Board, and the FDIC (collectively, the Agencies) are amending their Community Reinvestment Act (CRA) regulations to adjust the asset-size thresholds used to define ``small bank'' or ``small savings association'' and ``intermediate small bank'' or ``intermediate small savings association.'' As required by the CRA regulations, the adjustment to the threshold amount is based on the annual percentage change in the Consumer Price Index.
Extension of Comment Period for Proposed Interagency Policy Statement Establishing Joint Standards for Assessing the Diversity Policies and Practices of Entities Regulated by the Agencies
Document Number: 2013-30629
Type: Notice
Date: 2013-12-24
Agency: Comptroller of the Currency, Department of Treasury, Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, National Credit Union Administration, Securities and Exchange Commission, Department of the Treasury, Bureau of Consumer Financial Protection
On October 25, 2013, the OCC, Board, FDIC, NCUA, CFPB, and SEC (collectively, the ``Agencies'') published in the Federal Register a joint notice of a proposed interagency policy statement establishing standards for assessing the diversity policies and practices of the entities they regulate.\1\ To allow the public more time to consider the proposed assessment standards, the Agencies have determined that an extension of the comment period to February 7, 2014, is appropriate. This action will allow interested persons additional time to analyze the interagency policy statement and prepare their comments.
Agency Information Collection Activities: Submission for OMB Review; Comment Request Re: Information Collection for Qualitative Research
Document Number: 2013-30617
Type: Notice
Date: 2013-12-24
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
In accordance with the requirements of the Paperwork Reduction Act (PRA) of 1995 (44 U.S.C. chapter 35), the FDIC 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. As part of its continuing effort to reduce paperwork and respondent burden, the FDIC invites the general public and other Federal agencies to take this opportunity to comment on its submission to OMB of a request for approval of a proposed new generic collection of information from persons who may participate in interviews, financial service focus groups, and cognitive testing sessions. On June 19, 2013 (78 FR 36779), the FDIC requested comment for 60 days on a proposed new information collection entitled Information Collection for Qualitative Research. No comments were received on the proposal. The FDIC hereby gives notice of submission of its request to OMB to establish the collection.
Notice to All Interested Parties of the Termination of the Receivership of 10186-The La Coste National Bank La Coste, Texas
Document Number: 2013-30326
Type: Notice
Date: 2013-12-20
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager
Document Number: 2013-30238
Type: Notice
Date: 2013-12-20
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice is hereby given that the Federal Deposit Insurance Corporation (Corporation) has been appointed the sole receiver for the following financial institutions effective as of the Date Closed as indicated in the listing. This list (as updated from time to time in the Federal Register) may be relied upon as ``of record'' notice that the Corporation has been appointed receiver for purposes of the statement of policy published in the July 2, 1992 issue of the Federal Register (57 FR 29491). For further information concerning the identification of any institutions which have been placed in liquidation, please visit the Corporation Web site at www.fdic.gov/ bank/individual/failed/banklist.html or contact the Manager of Receivership Oversight in the appropriate service center.
Proposed Addendum to the Interagency Policy Statement on Income Tax Allocation in a Holding Company Structure
Document Number: 2013-30130
Type: Notice
Date: 2013-12-19
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The Agencies are proposing to issue jointly an Addendum (Proposed Addendum) to the ``Interagency Policy Statement on Income Tax Allocation in a Holding Company Structure'' (63 FR 64757, Nov. 23, 1998) to ensure that insured depository institutions (IDIs) in a consolidated group maintain an appropriate relationship regarding the payment of taxes and treatment of tax refunds. The Proposed Addendum would instruct IDIs and their holding companies to review their tax allocation agreements to ensure that the agreements expressly acknowledge that the holding company receives a tax refund from a taxing authority as agent for the IDI and are consistent with certain of the requirements of sections 23A and 23B of the Federal Reserve Act. The Proposed Addendum includes a sample paragraph that IDIs would include in their tax allocation agreements to facilitate the Agencies' instructions.
Removal of Transferred OTS Regulations Regarding Disclosure and Reporting of CRA-Related Agreements and Amendments to Other Rules and Regulations
Document Number: 2013-29787
Type: Proposed Rule
Date: 2013-12-19
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
In this notice of proposed rulemaking, the Federal Deposit Insurance Corporation (``FDIC'') proposes to rescind and remove a regulation entitled ``Disclosure and Reporting of CRA-Related Agreements.'' This regulation was included in the regulations that were transferred to the FDIC from the Office of Thrift Supervision (``OTS'') on July 21, 2011, in connection with the implementation of applicable provisions of Title III of the Dodd-Frank Wall Street Reform and Consumer Protection Act (``Dodd-Frank Act''). The requirements for State savings associations in the rescinded regulation are substantively similar to those in another regulation also entitled ``Disclosure and Reporting of CRA-Related Agreements,'' which is applicable for all insured depository institutions (``IDIs'') for which the FDIC has been designated the appropriate Federal banking agency. Upon removal of the rescinded regulation entitled ``Disclosure and Reporting of CRA-Related Agreements,'' regulations applicable for all IDIs for which the FDIC has been designated the appropriate Federal banking agency will be found at the regulation also entitled ``Disclosure and Reporting of CRA-Related Agreements.''
Removal of Transferred OTS Regulations Regarding Recordkeeping and Confirmation Requirements for Securities Transactions Effected by State Savings Associations and Other Amendments
Document Number: 2013-29786
Type: Rule
Date: 2013-12-19
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The Federal Deposit Insurance Corporation (``FDIC'') is adopting a final rule (``Final Rule'') to rescind and remove a regulation entitled ``Recordkeeping and Confirmation Requirements for Securities Transactions,'' and to amend another regulation also entitled ``Recordkeeping and Confirmation Requirements for Securities Transactions.'' The rescinded regulation was one of several rules transferred to the FDIC following dissolution of the former Office of Thrift Supervision (``OTS'') in connection with the implementation of applicable provisions of Title III of the Dodd-Frank Wall Street Reform and Consumer Protection Act (``Dodd-Frank Act''). The Dodd-Frank Act provided that the former OTS rules that were transferred to the FDIC would be enforceable by or against the FDIC until they were modified, terminated, set aside, or superseded in accordance with applicable law by the FDIC, by any court of competent jurisdiction, or by operation of law. The FDIC received no comments on the Proposed Rule and consequently is adopting the Final Rule as proposed in the NPR without change. As a result, the recordkeeping and confirmation requirements for securities transactions effected on behalf of customers by all FDIC-supervised institutions will be found at the existing regulation entitled ``Recordkeeping and Confirmation Requirements for Securities Transactions.''.
Resolution of Systemically Important Financial Institutions: The Single Point of Entry Strategy
Document Number: 2013-30057
Type: Notice
Date: 2013-12-18
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Since enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) in 2010, the FDIC has been developing its capabilities for implementing the Orderly Liquidation Authority established under Title II of that Act to allow for the orderly resolution of a systemically important financial institution. This notice describes in greater detail the Single Point of Entry strategy, highlights some of the issues identified in connection with the strategy, and requests public comment on various aspects of the strategy.
Sunshine Act Meetings
Document Number: 2013-29766
Type: Notice
Date: 2013-12-13
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Sunshine Act Meetings
Document Number: 2013-29765
Type: Notice
Date: 2013-12-13
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Sunshine Act Meeting; Notice of a Matter To Be Added to the Agenda for Consideration at an Agency Meeting
Document Number: 2013-29678
Type: Notice
Date: 2013-12-11
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Agency Information Collection Activities: Proposed Collection Renewal; Comment Request Re: Procedures for Monitoring Bank Secrecy Act Compliance
Document Number: 2013-29292
Type: Notice
Date: 2013-12-09
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
In accordance with the requirements of the Paperwork Reduction Act (PRA) of 1995 (44 U.S.C. chapter 35), the FDIC 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. As part of its continuing effort to reduce paperwork and respondent burden, the FDIC invites the general public and other Federal agencies to take this opportunity to comment on renewal of its Procedures for Monitoring Bank Secrecy Act Compliance information collection (OMB No. 3064-0087). At the end of the comment period, any comments and recommendations received will be analyzed to determine the extent to which the collections should be modified prior to submission to OMB for review and approval.
Agency Information Collection Activities: Proposed Collection Renewal; Comment Request Re: Foreign Branching and Investment by Insured State Nonmember Banks
Document Number: 2013-29085
Type: Notice
Date: 2013-12-06
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
In accordance with the requirements of the Paperwork Reduction Act (PRA) of 1995 (44 U.S.C. chapter 35), the FDIC 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. As part of its continuing effort to reduce paperwork and respondent burden, the FDIC invites the general public and other Federal agencies to take this opportunity to comment on renewal of its information collection entitled Foreign Branching and Investment by Insured State Nonmember Banks (OMB No. 3064-0125). At the end of the comment period, any comments and recommendations received will be analyzed to determine the extent to which the collections should be modified prior to submission to OMB for review and approval.
Sunshine Act Meeting
Document Number: 2013-29210
Type: Notice
Date: 2013-12-05
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Policy Statement on the Principles for Development and Distribution of Annual Stress Test Scenarios
Document Number: 2013-28608
Type: Rule
Date: 2013-12-03
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Section 165(i) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (``Section 165(i)'') requires the Federal Deposit Insurance Corporation (the ``FDIC'' or ``Corporation'') to issue regulations that mandate FDIC-insured state nonmember banks and FDIC-insured state-chartered savings associations with total consolidated assets of more than $10 billion (``covered banks'') to conduct annual stress tests, report the results of such stress tests to the Corporation and the Board of Governors of the Federal Reserve System (``Board of Governors''), and publish a summary of the results of the stress tests. On October 15, 2012, the FDIC published in the Federal Register a final rule implementing the requirements of Section 165(i) (the ``Stress Test Rule''). Under the Stress Test Rule covered banks are required to conduct annual stress tests using a minimum of three stress test scenarios (baseline, adverse, and severely adverse) provided by the FDIC. On November 20, 2012, the FDIC published in the Federal Register interim guidance setting forth the general processes and factors to be used by the FDIC in developing and distributing the stress test scenarios. The FDIC is now adopting the interim guidance as final without change, except for two technical corrections.
Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and Monitoring
Document Number: 2013-27082
Type: Proposed Rule
Date: 2013-11-29
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Department of the Treasury
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) are requesting comment on a proposed rule (proposed rule) that would implement a quantitative liquidity requirement consistent with the liquidity coverage ratio standard established by the Basel Committee on Banking Supervision. The requirement is designed to promote the short-term resilience of the liquidity risk profile of internationally active banking organizations, thereby improving the banking sector's ability to absorb shocks arising from financial and economic stress, as well as improvements in the measurement and management of liquidity risk. The proposed rule would apply to all internationally active banking organizations, generally, bank holding companies, certain savings and loan holding companies, and depository institutions with more than $250 billion in total assets or more than $10 billion in on-balance sheet foreign exposure, and to their consolidated subsidiaries that are depository institutions with $10 billion or more in total consolidated assets. The proposed rule would also apply to companies designated for supervision by the Board by the Financial Stability Oversight Council under section 113 of the Dodd-Frank Wall Street Reform and Consumer Protection Act that do not have significant insurance operations and to their consolidated subsidiaries that are depository institutions with $10 billion or more in total consolidated assets. The Board also is proposing on its own a modified liquidity coverage ratio standard that is based on a 21- calendar day stress scenario rather than a 30 calendar-day stress scenario for bank holding companies and savings and loan holding companies without significant insurance or commercial operations that, in each case, have $50 billion or more in total consolidated assets.
Agency Information Collection Activities: Submission for OMB Review; Comment Request Re: Application Pursuant to Section 19 of the Federal Deposit Insurance Act
Document Number: 2013-28393
Type: Notice
Date: 2013-11-27
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
In accordance with the requirements of the Paperwork Reduction Act (PRA) of 1995 (44 U.S.C. chapter 35), the FDIC may not conduct or sponsor, and a respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. As part of its continuing effort to reduce paperwork and respondent burden, the FDIC invites the general public and other Federal agencies to take this opportunity to comment on renewal of an existing information collection, as required by the PRA. On September 16, 2013 (78 FR 56895), the FDIC requested comment for 60 days on renewal of its information collection entitled Application Pursuant to Section 19 of the Federal Deposit Insurance Act, which is currently approved under OMB Control No. 3064-0018. No comments were received on the proposal. The FDIC hereby gives notice of submission to OMB of its request to renew the collection without change.
Guidance on Supervisory Concerns and Expectations Regarding Deposit Advance Products
Document Number: 2013-28306
Type: Notice
Date: 2013-11-26
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC is issuing final supervisory guidance entitled ``Guidance on Supervisory Concerns and Expectations Regarding Deposit Advance Products'' (Guidance), which addresses safe and sound banking practices and consumer protection in connection with deposit advance products.
FDIC Systemic Resolution Advisory Committee; Notice of Meeting
Document Number: 2013-28304
Type: Notice
Date: 2013-11-26
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
In accordance with the Federal Advisory Committee Act, 5 U.S.C. App. 2, notice is hereby given of a meeting of the FDIC Systemic Resolution Advisory Committee (the ``SR Advisory Committee''), which will be held in Washington, DC. The SR Advisory Committee will provide advice and recommendations on a broad range of issues regarding the resolution of systemically important financial companies pursuant to Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203 (July 21, 2010), 12 U.S.C. 5301 et seq. (the ``Dodd-Frank Act'').
Notice to All Interested Parties of the Termination of the Receivership of 10386, Bank of Shorewood, Shorewood, IL
Document Number: 2013-27780
Type: Notice
Date: 2013-11-20
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Community Reinvestment Act; Interagency Questions and Answers Regarding Community Reinvestment; Notice
Document Number: 2013-27738
Type: Notice
Date: 2013-11-20
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The OCC, Board, and FDIC (collectively, the Agencies) are adopting as final the Interagency Questions and Answers Regarding Community Reinvestment that were proposed on March 18, 2013, to address several community development issues. In response to comments received, the Agencies made minor clarifications to some of the new and revised questions and answers that were proposed.
Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager
Document Number: 2013-27165
Type: Notice
Date: 2013-11-14
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice is hereby given that the Federal Deposit Insurance Corporation (Corporation) has been appointed the sole receiver for the following financial institutions effective as of the Date Closed as indicated in the listing. This list (as updated from time to time in the Federal Register) may be relied upon as ``of record'' notice that the Corporation has been appointed receiver for purposes of the statement of policy published in the July 2, 1992 issue of the Federal Register (57 FR 29491). For further information concerning the identification of any institutions which have been placed in liquidation, please visit the Corporation Web site at www.fdic.gov/ bank/individual/failed/banklist.html or contact the Manager of Receivership Oversight in the appropriate service center.
Restrictions on Sales of Assets of a Covered Financial Company by the Federal Deposit Insurance Corporation
Document Number: 2013-26544
Type: Proposed Rule
Date: 2013-11-06
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The Federal Deposit Insurance Corporation (``FDIC'') is proposing a rule to implement a section of the Dodd-Frank Wall Street Reform and Consumer Protection Act (``Dodd-Frank Act''). Under the section, individuals or entities that have, or may have, contributed to the failure of a ``covered financial company'' cannot buy a covered financial company's assets from the FDIC. This proposed rule establishes a self-certification process that is a prerequisite to the purchase of assets of a covered financial company from the FDIC.
FDIC Advisory Committee on Community Banking; Notice of Meeting
Document Number: 2013-26439
Type: Notice
Date: 2013-11-05
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 Community Banking, which will be held in Washington, DC The Advisory Committee will provide advice and recommendations on a broad range of policy issues that have particular impact on small community banks throughout the United States and the local communities they serve, with a focus on rural areas.
Notice of Sunshine Act Meeting
Document Number: 2013-26444
Type: Notice
Date: 2013-11-04
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Sunshine Act Meeting
Document Number: 2013-26443
Type: Notice
Date: 2013-11-04
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Sunshine Act Meeting
Document Number: 2013-26442
Type: Notice
Date: 2013-11-04
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Agency Information Collection Activities: Proposed Collection Renewal; Comment Request Re: Real Estate Lending Standards
Document Number: 2013-26287
Type: Notice
Date: 2013-11-04
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
In accordance with the requirements of the Paperwork Reduction Act (PRA) of 1995 (44 U.S.C. chapter 35), the FDIC 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. As part of its continuing effort to reduce paperwork and respondent burden, the FDIC invites the general public and other Federal agencies to take this opportunity to comment on renewal of its information collection entitled Real Estate Lending Standards (OMB No. 3064-0112). At the end of the comment period, any comments and recommendations received will be analyzed to determine the extent to which the collections should be modified prior to submission to OMB for review and approval.
Agency Information Collection Activities: Submission for OMB Review; Comment Request Re: Treatment by FDIC as Conservator or Receiver of Financial Assets Transferred by an Insured Depository Institution in Connection With a Securitization or Participation After September 30, 2010
Document Number: 2013-26285
Type: Notice
Date: 2013-11-04
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
In accordance with the requirements of the Paperwork Reduction Act (PRA) of 1995 (44 U.S.C. chapter 35), the FDIC 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. As part of its continuing effort to reduce paperwork and respondent burden, the FDIC invites the general public and other Federal agencies to take this opportunity to comment on renewal of an existing information collection, as required by the PRA. On August 27, 2013 (78 FR 52914), the FDIC requested comment for 60 days on renewal of its information collection entitled Treatment by FDIC as Conservator or Receiver of Financial Assets Transferred by an Insured Depository Institution in Connection With a Securitization or Participation After September 30, 2010, which is currently approved under OMB Control No. 3064-0177. No comments were received on the proposal. The FDIC hereby gives notice of submission to OMB of its request to renew, without change, the collection.
Loans in Areas Having Special Flood Hazards
Document Number: 2013-24724
Type: Proposed Rule
Date: 2013-10-30
Agency: Farm Credit Administration, Agencies and Commissions, Federal Deposit Insurance Corporation, Federal Reserve System, National Credit Union Administration, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), Federal Deposit Insurance Corporation (FDIC), the Farm Credit Administration (FCA), and the National Credit Union Administration (NCUA) (collectively, the Agencies) are proposing to amend their regulations regarding loans in areas having special flood hazards to implement provisions of the Biggert-Waters Flood Insurance Reform Act of 2012. Specifically, the proposal would establish requirements with respect to the escrow of flood insurance payments, the acceptance of private flood insurance coverage, and the force-placement of flood insurance. The proposal also would clarify the Agencies' flood insurance regulations with respect to other amendments made by the Act and make technical corrections. Furthermore, the OCC and the FDIC are proposing to integrate their flood insurance regulations for national banks and Federal savings associations and for State non-member banks and State savings associations, respectively.
Agency Information Collection Activities: Proposed Collections Renewal; Comment Request
Document Number: 2013-25341
Type: Notice
Date: 2013-10-28
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
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 the renewal of existing information collections, as required by the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35). On August 22, 2013, (78 FR 52194), the FDIC requested comment for 60 days on a proposal to renew the following information collections: Interagency Guidance on Asset Securitization, 3064-0137, and The Interagency Statement on Sound Practices Concerning Complex Structured Finance Transactions, 3064-0148. No comments were received. The FDIC hereby gives notice of its plan to submit to OMB a request to approve the renewal of these collections, and again invites comment on this renewal.
Proposed Interagency Policy Statement Establishing Joint Standards for Assessing the Diversity Policies and Practices of Entities Regulated by the Agencies and Request for Comment
Document Number: 2013-25142
Type: Notice
Date: 2013-10-25
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, National Credit Union Administration, Securities and Exchange Commission, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Bureau of Consumer Financial Protection, Board of Governors of the Federal Reserve System
The OCC, Board, FDIC, NCUA, CFPB, and SEC (each an ``Agency'' and collectively, the ``Agencies'') are proposing joint standards for assessing the diversity policies and practices of the entities they regulate. Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (``Dodd-Frank Act'') \1\ directed the establishment of an Office of Minority and Women Inclusion (``OMWI Office'') in each Agency. Each OMWI Office is headed by a Director and is responsible for all Agency matters relating to diversity in management, employment, and business activities. Section 342(b)(2)(C) directs each Agency's OMWI Director to develop standards for assessing the diversity policies and practices of entities regulated by that Agency. This proposed interagency policy statement (``Statement'') identifies these proposed standards and requests comment on all aspects of this Statement.
Agency Information Collection Activities: Proposed Information Collection; Submission for OMB Review
Document Number: 2013-25015
Type: Notice
Date: 2013-10-24
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The Federal Deposit Insurance Corporation (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 revision of a continuing information collection, as required by the Paperwork Reduction Act of 1995. An agency may not conduct or sponsor, and a 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 soliciting comment concerning its information collection titled, ``Annual Stress Test Reporting Template and Documentation for Covered Banks with Total Consolidated Assets of $10 Billion to $50 Billion under the Dodd-Frank Wall Street Reform and Consumer Protection Act.''
Privacy Act of 1974, as Amended; System of Records
Document Number: 2013-24534
Type: Notice
Date: 2013-10-23
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Pursuant to the provisions of the Privacy Act of 1974, as amended, 5 U.S.C. 552a(e)(4) and OMB Circular A-130, the Federal Deposit Insurance Corporation (``FDIC'') has conducted required reviews of its systems of records and is publishing this notice regarding its proposal to alter ten existing systems of records and to incorporate minor editorial and administrative changes in other existing systems of records. We hereby publish this notice for comment on the proposed actions.
Agency Information Collection Activities: Revision of a Currently-Approved Collection; Comment Request
Document Number: 2013-24603
Type: Notice
Date: 2013-10-22
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
In accordance with requirements of the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.), the FDIC 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. As part of its continuing effort to reduce paperwork and respondent burden, the FDIC invites the general public and other Federal agencies to take this opportunity to comment on revision of an existing information collection, as required by the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35). The FDIC is seeking public comment on proposed revisions to its ``Forms Related to Processing Deposit Insurance Claims'' information collection (OMB No. 3064-0143). At the end of the comment period, any comments and recommendations received will be analyzed to determine the extent to which the FDIC should modify the proposed revisions prior to submission to OMB for review and approval.
Agency Information Collection Activities; Proposed Collection Renewal; Comment Request Re: Guidance on Sound Incentive Compensation Practices
Document Number: 2013-24533
Type: Notice
Date: 2013-10-22
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
In accordance with the requirements of the Paperwork Reduction Act (PRA) of 1995 (44 U.S.C. chapter 35), the FDIC 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 hereby gives notice that it is seeking comment on renewal of its information collection, entitled Guidance on Sound Incentive Compensation Practices (OMB No. 3064-0175). At the end of the comment period, any comments and recommendations received will be analyzed to determine the extent to which the collections should be modified prior to submission to OMB for review and approval.
Regulatory Capital Rules: Regulatory Capital, Implementation of Basel III, Capital Adequacy, Transition Provisions, Prompt Corrective Action, Standardized Approach for Risk-Weighted Assets, Market Discipline and Disclosure Requirements, Advanced Approaches Risk-Based Capital Rule, and Market Risk Capital Rule
Document Number: 2013-24532
Type: Rule
Date: 2013-10-22
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC is correcting an interim final rule with request for comments that appeared in the Federal Register of September 10, 2013 (78 FR 55340), regarding Regulatory Capital Rules: Regulatory Capital, Implementation of Basel III, Capital Adequacy, Transition Provisions, Prompt Corrective Action, Standardized Approach for Risk-weighted Assets, Market Discipline and Disclosure Requirements, Advanced Approaches Risk-Based Capital Rule, and Market Risk Capital Rule.
Designated Reserve Ratio for 2014
Document Number: 2013-24531
Type: Notice
Date: 2013-10-22
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Sunshine Act Meeting
Document Number: 2013-24536
Type: Notice
Date: 2013-10-21
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Sunshine Act Meeting
Document Number: 2013-24535
Type: Notice
Date: 2013-10-21
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Agency Information Collection Activities; Information Collection Renewal; Submission for OMB Review Reverse Mortgage Products: Guidance for Managing Compliance and Reputation Risks
Document Number: 2013-23771
Type: Notice
Date: 2013-10-01
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, National Credit Union Administration, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The OCC, FDIC, and NCUA (the Agencies), are soliciting public comment on the renewal of a collection of information by the Agencies. Under the Paperwork Reduction Act of 1995 (PRA), Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed extension of an existing collection of information, and to allow 60 days for public comment in response to the notice. The Agencies are soliciting comment concerning renewal of their information collection titled, ``Reverse Mortgage Products: Guidance for Managing Compliance and Reputation Risks.'' The agencies are also giving notice that they are sending their collections to OMB for review.
Agency Information Collection Activities: Submission for OMB Review; Comment Request (3064-0025)
Document Number: 2013-23649
Type: Notice
Date: 2013-09-30
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
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 the renewal of an existing information collection, as required by the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35). On July 25, 2013, the FDIC requested comment for 60 days on a proposal to renew the following information collection: Application for Consent to Exercise Trust Powers, OMB Control No. 3064-0025. No comments were received. The FDIC hereby gives notice of its plan to submit to OMB a request to approve the renewal of this collection, and again invites comment on this renewal.
FDIC Advisory Committee on Economic Inclusion (ComE-IN); Notice of Meeting
Document Number: 2013-23140
Type: Notice
Date: 2013-09-24
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.
Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager
Document Number: 2013-23055
Type: Notice
Date: 2013-09-23
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice is hereby given that the Federal Deposit Insurance Corporation (Corporation) has been appointed the sole receiver for the following financial institutions effective as of the Date Closed as indicated in the listing. This list (as updated from time to time in the Federal Register) may be relied upon as ``of record'' notice that the Corporation has been appointed receiver for purposes of the statement of policy published in the July 2, 1992 issue of the Federal Register (57 FR 29491). For further information concerning the identification of any institutions which have been placed in liquidation, please visit the Corporation Web site at www.fdic.gov/ bank/ individual/failed/banklist.html or contact the Manager of Receivership Oversight in the appropriate service center.
Credit Risk Retention
Document Number: 2013-21677
Type: Proposed Rule
Date: 2013-09-20
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Department of Housing and Urban Development, Securities and Exchange Commission, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Federal Housing Finance Agency
The OCC, Board, FDIC, Commission, FHFA, and HUD (the agencies) are seeking comment on a joint proposed rule (the proposed rule, or the proposal) to revise the proposed rule the agencies published in the Federal Register on April 29, 2011, and to implement the credit risk retention requirements of section 15G of the Securities Exchange Act of 1934 (15. U.S.C. 78o-11), as added by section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Section 15G generally requires the securitizer of asset-backed securities to retain not less than 5 percent of the credit risk of the assets collateralizing the asset-backed securities. Section 15G includes a variety of exemptions from these requirements, including an exemption for asset-backed securities that are collateralized exclusively by residential mortgages that qualify as ``qualified residential mortgages,'' as such term is defined by the agencies by rule.
Agency Information Collection Activities: Proposed Collection Renewal; Comment Request Re: Federal Deposit Insurance Act Section 19 Application
Document Number: 2013-22472
Type: Notice
Date: 2013-09-16
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
In accordance with the requirements of the Paperwork Reduction Act (PRA) of 1995 (44 U.S.C. chapter 35), the FDIC may not conduct or sponsor, and a 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 hereby gives notice that it is seeking comment on renewal of its information collection, entitled Federal Deposit Insurance Act Section 19 Applications (OMB No. 3064- 0018). At the end of the comment period, any comments and recommendations received will be analyzed to determine the extent to which the collections should be modified prior to submission to OMB for review and approval.
Deposit Insurance Regulations; Definition of Insured Deposit
Document Number: 2013-22340
Type: Rule
Date: 2013-09-13
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC is adopting a final rule (``Final Rule'') that amends its deposit insurance regulations with respect to deposits in foreign branches of U.S. insured depository institutions (``IDI'' or ``U.S. bank''). The Final Rule clarifies that deposits in branches of U.S. banks located outside the United States are not FDIC-insured deposits. This would be the case even if they are also payable at an office within the United States (``dual payability''). As discussed further below, a pending proposal by the United Kingdom's Prudential Regulation Authority (``U.K. PRA''), formerly known as the Financial Services Authority, has made it more likely that large U.S. banks will change their U.K. foreign branch deposit agreements to make their U.K. deposits payable both in the United Kingdom and the United States. This action has the potential to expose the Deposit Insurance Fund (``DIF'') to expanded deposit insurance liability and create operational complexities if these types of deposits were treated as insured. The purpose of the Final Rule is to protect the DIF against the liability that it would otherwise face as a potential global deposit insurer, preserve confidence in the FDIC deposit insurance system, and ensure that the FDIC can effectively carry out its critical deposit insurance functions.
Sunshine Act Meeting Notice
Document Number: 2013-22342
Type: Notice
Date: 2013-09-12
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Sunshine Act Meeting Notice
Document Number: 2013-22341
Type: Notice
Date: 2013-09-12
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions