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

Agency Information Collection Activities: Proposed Collection Renewals; Comment Request (3064-0030, -0104 & -0122)
Document Number: 2016-15294
Type: Notice
Date: 2016-06-29
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. Currently, the FDIC is soliciting comment on the renewal of the information collections described below.
Rules of Practice and Procedure
Document Number: 2016-15027
Type: Rule
Date: 2016-06-29
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The Federal Deposit Insurance Corporation (FDIC) is amending its rules of practice and procedure under to adjust 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).
Alternatives to References to Credit Ratings With Respect to Permissible Activities for Foreign Branches of Insured State Nonmember Banks and Pledge of Assets by Insured Domestic Branches of Foreign Banks
Document Number: 2016-15096
Type: Proposed Rule
Date: 2016-06-28
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC is seeking public comment on a proposed rule to amend its international banking regulations (``Part 347'') consistent with section 939A (``section 939A'') of the Dodd-Frank Wall Street Reform and Consumer Protection Act (``Dodd-Frank Act'') and the FDIC's authority under section 5(c) of the Federal Deposit Insurance Act (``FDI Act''). Section 939A directs each federal agency to review and modify regulations that reference credit ratings. The proposed rule would amend the provisions of subparts A and B of Part 347 that reference credit ratings. Subpart A, which sets forth the FDIC's requirements for insured state nonmember banks that operate foreign branches, would be amended to replace references to credit ratings in the definition of ``investment grade'' with a standard of creditworthiness that has been adopted in other federal regulations that conform with section 939A. Subpart B would be amended to revise the FDIC's asset pledge requirement for insured U.S. branches of foreign banks. The eligibility criteria for the types of assets that foreign banks may pledge would be amended by replacing the references to credit ratings with the revised definition of ``investment grade.'' The proposed rule would apply this investment grade standard to each type of pledgeable asset, establish a liquidity requirement for such assets, and subject them to a fair value discount. The proposed rule would also introduce cash as a new asset type that foreign banks may pledge under subpart B and create a separate asset category expressly for debt securities issued by government sponsored enterprises.
Notice of Termination; 10082 Temecula Valley Bank, Temecula, California
Document Number: 2016-15103
Type: Notice
Date: 2016-06-27
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Record Retention Requirements
Document Number: 2016-15020
Type: Rule
Date: 2016-06-27
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The Federal Deposit Insurance Corporation (the ``FDIC'') is adopting a final rule that implements section 210(a)(16)(D) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the ``Dodd-Frank Act'' or the ``Act''). This statutory provision requires the promulgation of a regulation establishing schedules for the retention by the FDIC of the records of a covered financial company (i.e., a financial company for which the necessary determination has been made for the appointment of the FDIC as receiver pursuant to Title II of the Dodd-Frank Act) as well as for the records generated or maintained by the FDIC that relate to its exercise of its Title II orderly liquidation authorities as receiver with respect to such covered financial company.
Treatment of Financial Assets Transferred in Connection With a Securitization or Participation
Document Number: 2016-15019
Type: Rule
Date: 2016-06-27
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC is revising a provision of its Securitization Safe Harbor Rule, which relates to the treatment of financial assets transferred in connection with a securitization or participation, in order to clarify a requirement as to loss mitigation by servicers of residential mortgage loans.
Sunshine Act Meeting
Document Number: 2016-14996
Type: Notice
Date: 2016-06-23
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice to All Interested Parties of the Termination of the Receivership of 10498, AztecAmerica Bank, Berwyn, Illinois
Document Number: 2016-14661
Type: Notice
Date: 2016-06-22
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice to All Interested Parties of the Termination of the Receivership of 10477, Parkway Bank, Lenoir, North Carolina
Document Number: 2016-14260
Type: Notice
Date: 2016-06-16
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Agency Information Collection Activities: Submission for OMB Review; Comment Request (3064-0001, -0174, -0188 & -0191)
Document Number: 2016-14120
Type: Notice
Date: 2016-06-15
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 April 6, 2016, (81 FR 19971), 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.
Notice of Termination; 10243 Bank of Florida-Tampa Bay; Tampa, Florida
Document Number: 2016-14066
Type: Notice
Date: 2016-06-15
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination; 10241 Bank of Florida-Southeast, Ft. Lauderdale, Florida
Document Number: 2016-14065
Type: Notice
Date: 2016-06-15
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Agency Information Collection Activities: Proposed Collection; Comment Request
Document Number: 2016-13810
Type: Notice
Date: 2016-06-10
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
In accordance with the requirements of the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35), the Board, the OCC, and the FDIC (the ``agencies'') 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 agencies have approved for public comment a proposal to extend, with minor revision, the Uniform Interagency Transfer Agent Registration and Amendment Form (``Form TA-1''), which is a currently approved collection of information. The agencies propose to modify Form TA-1, effective December 31, 2016, to require Board registrants to submit the form and attachments to a designated email address, to give FDIC registrants the option to submit the form and attachments to a designated email address, to require state savings associations to file with the FDIC, to remove outdated references to the Office of Thrift Supervision (``OTS''), to clarify the definition of a ``qualifying security,'' and to make other instructional clarifications. At the end of the comment period, the comments and recommendations received will be analyzed to determine the extent to which the agencies should modify the proposed revisions before giving final approval. The agencies will then submit the revisions to OMB for approval.
Notice of Termination; 10242 Bank of Florida-Southwest; Naples, Florida
Document Number: 2016-13689
Type: Notice
Date: 2016-06-10
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination 10328 CommunitySouth Bank and Trust Easley, South Carolina
Document Number: 2016-13683
Type: Notice
Date: 2016-06-10
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Incentive-Based Compensation Arrangements
Document Number: 2016-11788
Type: Proposed Rule
Date: 2016-06-10
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, National Credit Union Administration, 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, FHFA, NCUA, and SEC (the Agencies) are seeking comment on a joint proposed rule (the proposed rule) to revise the proposed rule the Agencies published in the Federal Register on April 14, 2011, and to implement section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Section 956 generally requires that the Agencies jointly issue regulations or guidelines: (1) Prohibiting incentive-based payment arrangements that the Agencies determine encourage inappropriate risks by certain financial institutions by providing excessive compensation or that could lead to material financial loss; and (2) requiring those financial institutions to disclose information concerning incentive- based compensation arrangements to the appropriate Federal regulator.
Notice of Termination, 10227, Champion Bank, Creve Coeur, Missouri
Document Number: 2016-13297
Type: Notice
Date: 2016-06-07
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice to All Interested Parties of the Termination of the Receivership of 10118, Brickwell Community Bank, Woodbury, MN
Document Number: 2016-13296
Type: Notice
Date: 2016-06-07
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination; 10450, First Cherokee State Bank, Woodstock, Georgia
Document Number: 2016-13244
Type: Notice
Date: 2016-06-06
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination; 10418, Central Florida State Bank, Belleview, Florida
Document Number: 2016-13243
Type: Notice
Date: 2016-06-06
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination; 10287, Bank of Ellijay, Ellijay, Georgia
Document Number: 2016-13242
Type: Notice
Date: 2016-06-06
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Agency Information Collection Activities: Submission for OMB Review; Comment Request (3064-0169)
Document Number: 2016-13235
Type: Notice
Date: 2016-06-06
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. On January 5, 2016, (81 FR 239), 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.
Notice to All Interested Parties of the Termination of the Receivership of 10159, Valley Capital Bank, Mesa, Arizona
Document Number: 2016-13234
Type: Notice
Date: 2016-06-06
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Sunshine Act Meeting
Document Number: 2016-13159
Type: Notice
Date: 2016-06-02
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination; 10325 First Commercial Bank of Florida, Orlando, FL
Document Number: 2016-12956
Type: Notice
Date: 2016-06-02
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Net Stable Funding Ratio: Liquidity Risk Measurement Standards and Disclosure Requirements
Document Number: 2016-11505
Type: Proposed Rule
Date: 2016-06-01
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 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 inviting comment on a proposed rule that would implement a stable funding requirement, the net stable funding ratio (NSFR), for large and internationally active banking organizations. The proposed NSFR requirement is designed to reduce the likelihood that disruptions to a banking organization's regular sources of funding will compromise its liquidity position, as well as to promote improvements in the measurement and management of liquidity risk. The proposed rule would also amend certain definitions in the liquidity coverage ratio rule that are also applicable to the NSFR. The proposed NSFR requirement would apply beginning on January 1, 2018, to bank holding companies, certain savings and loan holding companies, and depository institutions that, in each case, have $250 billion or more in total consolidated assets or $10 billion or more in total on-balance sheet foreign exposure, and to their consolidated subsidiaries that are depository institutions with $10 billion or more in total consolidated assets. In addition, the Board is proposing a modified NSFR requirement for bank holding companies and certain savings and loan holding companies that, in each case, have $50 billion or more, but less than $250 billion, in total consolidated assets and less than $10 billion in total on-balance sheet foreign exposure. Neither the proposed NSFR requirement nor the proposed modified NSFR requirement would apply to banking organizations with consolidated assets of less than $50 billion and total on-balance sheet foreign exposure of less than $10 billion. A bank holding company or savings and loan holding company subject to the proposed NSFR requirement or modified NSFR requirement would be required to publicly disclose the company's NSFR and the components of its NSFR each calendar quarter.
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