Federal Deposit Insurance Corporation 2016 – Federal Register Recent Federal Regulation Documents

Rules of Practice and Procedure
Document Number: 2016-31240
Type: Rule
Date: 2016-12-28
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The Federal Deposit Insurance Corporation (FDIC) is adjusting the maximum amount of each civil money penalty (CMP) within its jurisdiction to account for inflation. This action is required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (2015 Adjustment Act). The FDIC is also amending its rules of practice and procedure to correct a technical error from the previous inflation-adjustment rulemaking.
Recordkeeping Requirements for Qualified Financial Contracts
Document Number: 2016-30734
Type: Proposed Rule
Date: 2016-12-28
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC proposes to amend its regulations regarding Recordkeeping Requirements for Qualified Financial Contracts (``Part 371''), which require insured depository institutions (``IDIs'') in a troubled condition to keep records relating to qualified financial contracts (``QFCs'') to which they are party. The proposed rule would expand the scope of QFC records required to be maintained by an IDI that is subject to the FDIC's recordkeeping requirements and that has total consolidated assets equal to or greater than $50 billion or is a member of a corporate group where one or more affiliates is subject to the QFC recordkeeping requirements set forth in the regulations adopted by the Department of the Treasury (a ``full scope entity''); for all other IDIs subject to the FDIC's QFC recordkeeping requirements, add and delete a limited number of data requirements and make certain formatting changes with respect to the QFC recordkeeping requirements; require full scope entities to keep QFC records of certain of their subsidiaries; and include certain other changes, including changes that would provide additional time for certain IDIs in a troubled condition to comply with the regulations.
Expanded Examination Cycle for Certain Small Insured Depository Institutions and U.S. Branches and Agencies of Foreign Banks
Document Number: 2016-30133
Type: Rule
Date: 2016-12-16
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Department of Treasury, Office of the Comptroller of the Currency
The OCC, Board, and FDIC (collectively, the agencies) are jointly adopting as final and without change the agencies' interim final rules published in the Federal Register on February 29, 2016, that implemented section 83001 of the Fixing America's Surface Transportation Act (FAST Act). Section 83001 of the FAST Act permits the agencies to conduct a full-scope, on-site examination of qualifying insured depository institutions with less than $1 billion in total assets no less than once during each 18-month period. Prior to enactment of the FAST Act, only qualifying insured depository institutions with less than $500 million in total assets were eligible for an 18-month on-site examination cycle. The final rules, like the interim final rules, generally allow well capitalized and well managed institutions with less than $1 billion in total assets to benefit from the extended 18-month examination schedule. In addition, the final rules adopt as final parallel changes to the agencies' regulations governing the on-site examination cycle for U.S. branches and agencies of foreign banks, consistent with the International Banking Act of 1978. Finally, through this rulemaking, the FDIC has integrated its regulations regarding the frequency of safety and soundness examinations for State nonmember banks and State savings associations.
Sunshine Act Meeting
Document Number: 2016-30318
Type: Notice
Date: 2016-12-15
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
FDIC Advisory Committee on Economic Inclusion; Notice of Charter Renewal
Document Number: 2016-29850
Type: Notice
Date: 2016-12-13
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Pursuant to the provisions of the Federal Advisory Committee Act (``FACA''), 5 U.S.C. App. 2, and after consultation with the General Services Administration, the Chairman of the Federal Deposit Insurance Corporation has determined that renewal of the FDIC Advisory Committee on Economic Inclusion (``the Committee'') is in the public interest in connection with the performance of duties imposed upon the FDIC by law. The Committee has been a successful undertaking by the FDIC and has provided valuable feedback to the agency on important initiatives focused on expanding access to banking services for underserved populations. The Committee will continue to provide advice and recommendations on initiatives to expand access to banking services for underserved populations. The Committee will continue to review various issues that may include, but not be limited to, basic retail financial services such as low-cost, sustainable transaction accounts, savings accounts, small dollar lending, prepaid cards, money orders, remittances, and other services to promote asset accumulation and financial stability. The structure and responsibilities of the Committee are unchanged from when it was originally established in November 2006. The Committee will continue to operate in accordance with the provisions of the Federal Advisory Committee Act.
Notice of Termination; 10487 Sunrise Bank of Arizona, Phoenix, Arizona
Document Number: 2016-29741
Type: Notice
Date: 2016-12-12
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination, 10500 Slavie Federal Savings Bank, Bel Air, Maryland
Document Number: 2016-29740
Type: Notice
Date: 2016-12-12
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination; 10010 First Priority Bank, Bradenton, Florida
Document Number: 2016-29739
Type: Notice
Date: 2016-12-12
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice to All Interested Parties of the Termination of the Receivership of 10327-Oglethorpe Bank, Brunswick, Georgia
Document Number: 2016-29738
Type: Notice
Date: 2016-12-12
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination; 10316 Gulf State Community Bank, Carrabelle, Florida
Document Number: 2016-29737
Type: Notice
Date: 2016-12-12
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination; 10256 Home National Bank, Blackwell, OK
Document Number: 2016-29736
Type: Notice
Date: 2016-12-12
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice to All Interested Parties of the Termination of the Receivership of 10247-First National Bank, Rosedale, Mississippi
Document Number: 2016-29735
Type: Notice
Date: 2016-12-12
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination; 10123 Southern Colorado National Bank, Pueblo, Colorado
Document Number: 2016-29734
Type: Notice
Date: 2016-12-12
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination; 10045 Colorado National Bank, Colorado Springs, Colorado
Document Number: 2016-29733
Type: Notice
Date: 2016-12-12
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination of the Receivership of 10500, Slavie Federal Savings Bank, Bel Air, Maryland
Document Number: 2016-29693
Type: Notice
Date: 2016-12-12
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination of the Receivership of 10010, First Priority Bank, Bradenton, Florida
Document Number: 2016-29692
Type: Notice
Date: 2016-12-12
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination of the Receivership of 10487, Sunrise Bank of Arizona, Phoenix, Arizona
Document Number: 2016-29691
Type: Notice
Date: 2016-12-12
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice to All Interested Parties of Intent To Terminate the Receivership of 10327, Oglethorpe Bank, Brunswick, Georgia
Document Number: 2016-29638
Type: Notice
Date: 2016-12-12
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination of the Receivership of 10316, Gulf State Community Bank, Carrabelle, Florida
Document Number: 2016-29637
Type: Notice
Date: 2016-12-12
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination of the Receivership of 10271, Bayside Savings Bank, Port Saint Joe, Florida
Document Number: 2016-29636
Type: Notice
Date: 2016-12-12
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination of the Receivership of 10474, First Federal Bank, Lexington, Kentucky
Document Number: 2016-29635
Type: Notice
Date: 2016-12-12
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination of the Receivership of 10505, GreenChoice Bank, FSB, Chicago, Illinois
Document Number: 2016-29532
Type: Notice
Date: 2016-12-09
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Recordkeeping for Timely Deposit Insurance Determination
Document Number: 2016-28396
Type: Rule
Date: 2016-12-05
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC is adopting a final rule to facilitate prompt payment of FDIC-insured deposits when large insured depository institutions fail. The final rule requires each insured depository institution that has two million or more deposit accounts to (1) configure its information technology system to be capable of calculating the insured and uninsured amount in each deposit account by ownership right and capacity, which would be used by the FDIC to make deposit insurance determinations in the event of the institution's failure, and (2) maintain complete and accurate information needed by the FDIC to determine deposit insurance coverage with respect to each deposit account, except as otherwise provided.
Agency Information Collection Activities: Submission for OMB Review; Comment Request (3064-0025, -0057, 0140 & -0176)
Document Number: 2016-28679
Type: Notice
Date: 2016-11-29
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. On September 22, 2016, (81 FR 65643), the FDIC requested comment for 60 days on a proposal to renew the information collections described below. 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.
Agency Information Collection Activities: Proposed Collection Renewals; Comment Request (3064-0112, -0125, -0127 & -0175)
Document Number: 2016-28468
Type: Notice
Date: 2016-11-28
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). Currently, the FDIC is soliciting comment on renewal of the information collections described below.
Agency Information Collection Activities: Proposed Revision of Information Collection; National Survey of Unbanked and Underbanked Households; Comment Request (3064-0167)
Document Number: 2016-28393
Type: Notice
Date: 2016-11-25
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC, as part of its continuing effort to reduce paperwork and respondent burden and as required by the Paperwork Reduction Act of 1995, invites the general public and other Federal agencies to comment on the survey collection instrument for its fourth National Survey of Unbanked and Underbanked Households (Household Survey), currently approved under OMB Control No. 3064-0167, scheduled to be conducted in partnership with the U.S. Census Bureau as a supplement to its June 2017 Current Population Survey (CPS). The survey seeks to estimate the proportions of unbanked and underbanked households in the U.S. and to identify the factors that inhibit the participation of these households in the mainstream banking system, and opportunities to expand the use of banking services among underserved consumers. The results of these ongoing surveys will help policymakers and bankers understand the issues and challenges underserved households perceive when deciding how and where to conduct financial transactions.
Agency Information Collection Activities: Proposed Information Collection Revision; Comment Request (3064-0189)
Document Number: 2016-28344
Type: Notice
Date: 2016-11-25
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The Federal Deposit Insurance Corporation (``FDIC'') invites the general public and other Federal agencies to take this opportunity to comment on a revision of a continuing information collection, titled, ``Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of $50 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act,'' (3064-0189), as required by the Paperwork Reduction Act of 1995.
Revision of the FDIC's Freedom of Information Act Regulations
Document Number: 2016-27961
Type: Rule
Date: 2016-11-22
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
This rule amends the Federal Deposit Insurance Corporation's (FDIC) regulations under the Freedom of Information Act (FOIA) to incorporate certain changes made to the FOIA by the FOIA Improvement Act of 2016 (FOIA Improvement Act). In addition, this rule amends certain provisions to reflect changes brought about by prior amendments to the FOIA that had been incorporated into agency practice and corrects inaccurate contact information and adjusts numbering and lettering of current provisions because of additions to the regulations.
Agency Information Collection Activities: Submission for OMB Review; Comment Request (3064-0200)
Document Number: 2016-27962
Type: Notice
Date: 2016-11-21
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 24, 2016, (81 FR 57908), the FDIC requested comment for 60 days on a proposal to revise the ``Joint Standards for Assessing the Diversity Policies and Practices'' information collection by adding a form to the information collection entitled ``Diversity Self-Assessment Template for Entities Regulated by the FDIC.'' 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.
Removal of Transferred OTS Regulations Regarding Consumer Protection in Sales of Insurance and Amendments to FDIC Consumer Protection in Sales of Insurance Regulation
Document Number: 2016-27898
Type: Proposed Rule
Date: 2016-11-21
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 from the Code of Federal Regulations the subpart entitled ``Consumer Protection in Sales of Insurance'' (``the subpart'') that was included in the regulations 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 this subpart are substantively similar to the requirements in the FDIC's part which is also entitled ``Consumer Protection in Sales of Insurance'' (``the part'') and is applicable for all insured depository institutions (``IDIs'') for which the FDIC has been designated the appropriate Federal banking agency. The FDIC proposes to rescind in its entirety the subpart and to modify the scope of the part to include State savings associations and their subsidiaries to conform to and reflect the scope of the FDIC's current supervisory responsibilities as the appropriate Federal banking agency. The FDIC also proposes to define ``FDIC-supervised insured depository institution or institution'' and ``State savings association.'' Finally, the FDIC proposes to transfer an anticoercion and antitying provision from the subpart that is applicable to State savings associations. Upon removal of the subpart, the Consumer Protection in Sales of Insurance, regulations applicable for all IDIs for which the FDIC has been designated the appropriate Federal banking agency will be found in the part.
Notice to All Interested Parties of Intent To Terminate the Receivership of 10400, Sun Security Bank, Ellington, Missouri
Document Number: 2016-27760
Type: Notice
Date: 2016-11-18
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Sunshine Act Meeting
Document Number: 2016-27829
Type: Notice
Date: 2016-11-17
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Sunshine Act Meeting
Document Number: 2016-27385
Type: Notice
Date: 2016-11-14
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination of the Receivership of 10438, Plantation Federal Bank, Pawleys Island, South Carolina
Document Number: 2016-27086
Type: Notice
Date: 2016-11-09
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of the Termination of the Recieverhsip of 10373, Colorado Capital Bank, Castle Rock, Colorado
Document Number: 2016-27085
Type: Notice
Date: 2016-11-09
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of the Termination of the Receivership of 10321, Community National Bank, Lino Lakes, Minnesota
Document Number: 2016-27084
Type: Notice
Date: 2016-11-09
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of the Termination of the Receivership of 10508, Frontier Bank, FSB Palm Desert, California
Document Number: 2016-26852
Type: Notice
Date: 2016-11-07
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Loans in Areas Having Special Flood Hazards-Private Flood Insurance
Document Number: 2016-26411
Type: Proposed Rule
Date: 2016-11-07
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), the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), the Farm Credit Administration (FCA), and the National Credit Union Administration (NCUA) are issuing a new proposal to amend their regulations regarding loans in areas having special flood hazards to implement the private flood insurance provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters Act). Specifically, the proposed rule would require regulated lending institutions to accept policies that meet the statutory definition of private flood insurance in the Biggert-Waters Act and permit regulated lending institutions to accept flood insurance provided by private insurers that does not meet the statutory definition of ``private flood insurance'' on a discretionary basis, subject to certain restrictions.
Notice to All Interested Parties of the Termination of the Receivership of 10345-Habersham Bank, Clarksville, Georgia
Document Number: 2016-26481
Type: Notice
Date: 2016-11-02
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination; 10499-Columbia Savings Bank, Cincinnati, Ohio
Document Number: 2016-26480
Type: Notice
Date: 2016-11-02
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Removal of Transferred OTS Regulations Regarding Minimum Security Procedures Amendments to FDIC Regulations
Document Number: 2016-26062
Type: Proposed Rule
Date: 2016-11-01
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
In this notice of proposed rulemaking (``NPR'' or ``Proposed Rule''), the Federal Deposit Insurance Corporation (``FDIC'') proposes to rescind and remove a part from the Code of Federal Regulations entitled ``Security Procedures'' and to amend FDIC regulations to make the removed Office of Thrift Supervision (``OTS'') regulations applicable to state savings associations.
Temporary Exceptions to FIRREA Appraisal Requirements in Areas Affected by Severe Storms and Flooding in Louisiana
Document Number: 2016-26234
Type: Rule
Date: 2016-10-31
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
Section 2 of the Depository Institutions Disaster Relief Act of 1992 (DIDRA) authorizes the Agencies to make exceptions to statutory and regulatory appraisal requirements under Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA). The exceptions are available for transactions involving real property located within an area declared to be a major disaster area by the President if the Agencies determine, and describe by publication of a regulation or order, that the exceptions would facilitate recovery from the disaster and would be consistent with safety and soundness. In this statement and order, the Agencies exercise their authority to grant temporary exceptions to the FIRREA appraisal requirements for real estate related transactions, provided certain criteria are met, in the Louisiana parishes declared a major disaster area by President Obama on August 14, 2016, as a result of the severe storms and flooding in Louisiana. The expiration date for the exceptions is December 31, 2017.
Agency Information Collection Activities: Proposed Collection Renewals; Comment Request (3064-0018 & -0137)
Document Number: 2016-25953
Type: Notice
Date: 2016-10-27
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). Currently, the FDIC is soliciting comment on renewal of the information collections described below.
Notice To All Interested Parties of the Termination of the Receivership of 10355-New Horizons Bank, East Ellijay, Georgia
Document Number: 2016-25952
Type: Notice
Date: 2016-10-27
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Enhanced Cyber Risk Management Standards
Document Number: 2016-25871
Type: Proposed Rule
Date: 2016-10-26
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 Board of Governors of the Federal Reserve System (Board), the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) (collectively, the agencies) are inviting comment on an advance notice of proposed rulemaking (ANPR) regarding enhanced cyber risk management standards (enhanced standards) for large and interconnected entities under their supervision and those entities' service providers. The agencies are considering establishing enhanced standards to increase the operational resilience of these entities and reduce the impact on the financial system in case of a cyber event experienced by one of these entities. The ANPR addresses five categories of cyber standards: Cyber risk governance; cyber risk management; internal dependency management; external dependency management; and incident response, cyber resilience, and situational awareness. The agencies are considering implementing the enhanced standards in a tiered manner, imposing more stringent standards on the systems of those entities that are critical to the functioning of the financial sector.
Restrictions on Qualified Financial Contracts of Certain FDIC-Supervised Institutions; Revisions to the Definition of Qualifying Master Netting Agreement and Related Definitions
Document Number: 2016-25605
Type: Proposed Rule
Date: 2016-10-26
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC is proposing to add a new part to its rules to improve the resolvability of systemically important U.S. banking organizations and systemically important foreign banking organizations and enhance the resilience and the safety and soundness of certain state savings associations and state-chartered banks that are not members of the Federal Reserve System (``state non-member banks'' or ``SNMBs'') for which the FDIC is the primary federal regulator (together, ``FSIs'' or ``FDIC-supervised institutions''). Under this proposed rule, covered FSIs would be required to ensure that covered qualified financial contracts (QFCs) to which they are a party provide that any default rights and restrictions on the transfer of the QFCs are limited to the same extent as they would be under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) and the Federal Deposit Insurance Act (FDI Act). In addition, covered FSIs would generally be prohibited from being party to QFCs that would allow a QFC counterparty to exercise default rights against the covered FSI based on the entry into a resolution proceeding under the FDI Act, or any other resolution proceeding of an affiliate of the covered FSI. The proposal would also amend the definition of ``qualifying master netting agreement'' in the FDIC's capital and liquidity rules, and certain related terms in the FDIC's capital rules. These proposed amendments are intended to ensure that the regulatory capital and liquidity treatment of QFCs to which a covered FSI is party would not be affected by the proposed restrictions on such QFCs. The requirements of this proposed rule are substantively identical to those contained in the notice of proposed rulemaking issued by the Board of Governors of the Federal Reserve System (FRB) on May 3, 2016 (FRB NPRM) regarding ``covered entities'', and the notice of proposed rulemaking issued by the Office of the Comptroller of the Currency (OCC) on August 19, 2016 (OCC NPRM), regarding ``covered banks''.