The Federal Register

Assessment Dividends

Tue, Dec 2 2008 11:00:00 GMT

The FDIC is adopting a final rule to implement the assessment dividend requirements in the Federal Deposit Insurance Reform Act of 2005 (the Reform Act) and the Federal Deposit Insurance Reform Conforming Amendments Act of 2005 (the Amendments Act). The final rule will take effect on January 1, 2009. It is the followup to the temporary final rule on assessment dividends that the FDIC issued in October 2006, which expires on December 31, 2008.

Rules of Practice and Procedure

Tue, Dec 2 2008 11:00:00 GMT

The Federal Civil Monetary Penalties Inflation Adjustment Act of 1990, as amended, requires all Federal agencies with statutory authority to impose civil money penalties (CMPs) to evaluate and adjust those CMPs every four years. The Federal Deposit Insurance Corporation (FDIC) last adjusted the maximum amounts of CMPs under its jurisdiction in 2004. The FDIC is issuing this final rule to implement the required adjustments to its CMPs, in consultation with the other Federal banking agencies and the National Credit Union Administration.

Notice of Agency Meeting

Fri, Nov 28 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that at 10:04 p.m. on Sunday, November 23, 2008, the Board of Directors of the Federal Deposit Insurance Corporation met in closed session to consider matters relating to an open bank assistance transaction.

In calling the meeting, the Board determined, on motion of Vice Chairman Martin J. Gruenberg, seconded by Chairman Sheila C. Bair, concurred in by Director John M. Reich (Director, Office of Thrift Supervision), Director Thomas J. Curry (Appointive), and Director John C. Dugan (Comptroller of the Currency), that Corporation business required its consideration of the matters on less than seven days' notice to the public; that no earlier notice of the meeting was practicable; that the public interest did not require consideration of the matters in a meeting open to public observation; and that the matters could be considered in a closed meeting by authority of subsections (c)(4

Temporary Liquidity Guarantee Program

Wed, Nov 26 2008 11:00:00 GMT

The FDIC is adopting a Final Rule to implement its Temporary Liquidity Guarantee Program. The Temporary Liquidity Guarantee Program, designed to avoid or mitigate adverse effects on economic conditions or financial stability, has two primary components: The Debt Guarantee Program, by which the FDIC will guarantee the payment of certain newly issued senior unsecured debt, and the Transaction Account Guarantee Program, by which the FDIC will guarantee certain noninterestbearing transaction accounts.

Assessments

Fri, Nov 14 2008 11:00:00 GMT

On October 7, 2008, the Federal Deposit Insurance Corporation (FDIC) issued a notice of proposed rulemaking with request for comments on revisions to 12 CFR part 327 (see 73 FR 61560). The rulemaking proposed effective January 1, 2009, to raise the current assessment rates uniformly by seven basis points for the first quarter 2009 assessment period only; effective April 1, 2009, alter the way in which the FDIC's riskbased assessment system differentiates for risk and again change
[[Page 67424]]
deposit insurance assessment rates; and also effective April 1, 2009, make technical and other changes to the rules governing the riskbased assessment system. The proposed rules were published for a 30day comment period, which is scheduled to close on November 17, 2008. In order to afford interested parties additional time beyond the present 30day comment period to review the proposals with an April 1, 2009 effective date, the FDIC is extending the period for public comment by 30 days, that is, until Dec

Insurability of Funds Underlying Stored Value Cards and Other Nontraditional Access Mechanisms

Thu, Nov 13 2008 11:00:00 GMT

In 1996, the FDIC published General Counsel's Opinion No. 8 (``GC8''). Through that opinion, the Legal Division of the FDIC sought to clarify the meaning of the term ``deposit'' as that term relates to funds underlying stored value cards. Subsequently, the banking industry developed new types of stored value products with the result that GC8 is obsolete. For this reason, the Legal Division has decided to replace GC8. Under the new GC8, all funds underlying stored value products will be treated as ``deposits'' if they have been placed at an insured depository institution. As a result, all such funds will be subject to FDIC assessments. Also, all such funds will be insured up to the insurance limit. Whether the funds are insurable to the holders of the access mechanisms, as opposed to the distributor of the access mechanisms, will depend upon the satisfaction of the FDIC's standard requirements for obtaining ``passthrough'' insurance coverage. This treatment of the funds underlying stored value p

Notice of Agency Meeting

Wed, Nov 12 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that at 10:03 a.m. on Thursday, November 6, 2008, the Board of Directors of the Federal Deposit Insurance Corporation met in open session to consider the following matter: Memorandum and resolution re: Extension of Comment Period for Proposed Rules on the Risk Based Assessment System.

In calling the meeting, the Board determined, on motion of Director Thomas J. Curry (Appointive), seconded by Vice Chairman Martin J. Gruenberg, concurred in by Director John M. Reich (Office of Thrift Supervision), Julie L. Williams, acting in the place and stead of Director John C. Dugan (Comptroller of the Currency), and Chairman Sheila C. Bair, that Corporation business required its consideration of the matter on less than seven days' notice to the public; and that no earlier notice of the meeting was practicable.

The meeting was held in the Board Room of the FDIC Building located at 55017th

Notice of Agency Meeting

Wed, Nov 12 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that at 10:09 a.m. on Thursday, November 6, 2008, the Board of Directors of the Federal Deposit Insurance Corporation met in closed session to consider matters relating to the Corporation's corporate and resolution activities.

In calling the meeting, the Board determined, on motion of Vice Chairman Martin J. Gruenberg, seconded by Director Thomas J. Curry (Appointive), concurred in by Director John M. Reich (Director, Office of Thrift Supervision), Julie L. Williams, acting in the place and stead of Director John C. Dugan (Comptroller of the Currency), and Chairman Sheila C. Bair, that Corporation business required its consideration of the matters on less than seven days' notice to the public; that no earlier notice of the meeting was practicable; that the public interest did not require consideration of the matters in a meeting open to public observation; and that the matters cou

Temporary Liquidity Guarantee Program

Fri, Nov 7 2008 11:00:00 GMT

The FDIC is amending its Interim Rule with Request for Comment (Interim Rule) relating to implementation of its Temporary Liquidity Guarantee Program (TLG Program) by extending the opt out date for eligible entities until December 5, 2008; extending the deadline for complying with certain disclosure requirements related to the TLG Program until December 19, 2008; and establishing assessment procedures to accommodate the extended opt out period.

Temporary Liquidity Guarantee Program

Wed, Oct 29 2008 11:00:00 GMT

The FDIC is issuing this Interim Rule following a determination of systemic risk pursuant to section 13(c)(4)(G) of the Federal Deposit Insurance Act. As a result of this
[[Page 64180]]
systemic risk determination, and in an effort to avoid or mitigate serious adverse effects on economic conditions or financial stability, the FDIC is establishing the Temporary Liquidity Guarantee Program. As further described in the Interim Rule, the Temporary Liquidity Guarantee Program has two primary components: the Debt Guarantee Program, by which the FDIC will guarantee the payment of certain newly issued senior unsecured debt, and the Transaction Account Guarantee Program, by which the FDIC will guarantee certain noninterestbearing transaction accounts.

Notice of a Matter To Be Withdrawn From Consideration at an Agency Meeting and Notice of a Matter To Be Added to the

Tue, Oct 28 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that the following matter will be withdrawn from the ``Discussion Agenda'' at the Federal Deposit Insurance Corporation's Board of Directors open meeting scheduled to be held at 2 p.m. on Thursday, October 23, 2008:

Memorandum and resolution re: Minimum Capital Ratios; Capital Adequacy Guidelines; Capital Maintenance; Capital: Treatment of Perpetual Preferred Stock Issued To the United States Treasury under the Emergency Economic Stabilization Act of 2008.

In addition, the following matter will be added to the ``Discussion Agenda:''

Memorandum and resolution re: Interim Rule Implementing the Temporary Liquidity Guarantee Program.

Dated: October 22, 2008.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E825545 Filed 102708; 8:45 am]
BILLING CODE 671401P

Notice of Change in Subject Matter of Agency Meeting

Tue, Oct 28 2008 11:00:00 GMT

Pursuant to the provisions of subsection (e)(2) of the ``Government in the Sunshine Act'' (5 U.S.C. 552b(e)(2)), notice is hereby given that at its open meeting held at 2 p.m. on Thursday, October 23, 2008, the Corporation's Board of Directors determined, on motion of Vice Chairman Martin J. Gruenberg, seconded by Director Thomas J. Curry (Appointive), concurred in by Director John C. Dugan (Comptroller of the Currency), Mr. Scott M. Polakoff, acting in the place and stead of Director John M. Reich (Director, Office of Thrift Supervision), and Chairman Sheila C. Bair, that Corporation business required the addition to the agenda for consideration at the meeting, on less than seven days' notice to the public, of the following matter:

Memorandum and resolution re: Interim Rule Implementing the Temporary Liquidity Guarantee Program.

In addition, the following matter was withdrawn from the ``Discussion Agenda:''

Memorandum and resolution re: Minimum Capital Ratios; Capital Adequacy G

Financial Education Programs That Include the Provision of Bank Products and Services; Limited Opportunity To

Fri, Oct 24 2008 11:00:00 GMT

The FDIC invites the commenter who filed a public comment at www.regulations.gov on July 9, 2008, relating to the FDIC's Interim Final Rule and Request for Comment involving ``Financial Education Programs That Include the Provision of Bank Products and Services'' to resubmit to the FDIC his or her comment relating to this action. We are taking this action because due to a technical software error, a public comment submitted via www.regulations.gov was not transmitted to the FDIC. Therefore, the FDIC will provide this commenter with a limited opportunity to resubmit his or her comment to the FDIC on or before November 24, 2008.

Processing of Deposit Accounts in the Event of an Insured Depository Institution Failure and Large-Bank Deposit

Fri, Oct 24 2008 11:00:00 GMT

The FDIC invites the commenter who filed a public comment at http://www.regulations.gov on April 14, 2008, relating to the FDIC's Notice of Proposed Rulemaking involving ``Processing of Deposit Accounts in the Event of an Insured Depository Institution Failure and LargeBank Deposit Insurance Determination Modernization'' to resubmit to the FDIC his or her comment relating to this action. We are taking this action because due to a technical software error, a public comment submitted via http://www.regulations.gov was not transmitted to the FDIC. Therefore, the FDIC will provide this commenter with a limited opportunity to resubmit his or her comment to the FDIC on or before November 24, 2008.

Agency Information Collection Activities: Proposed Collection; Comment Request

Tue, Oct 21 2008 11:00:00 GMT

Notice of Agency Meeting

Tue, Oct 21 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that the Federal Deposit Insurance Corporation's Board of Directors will meet in open session at 2:00 p.m. on Thursday, October 23, 2008, to consider the following matter:

Discussion Agenda

The meeting will be held in the Board Room on the sixth floor of the FDIC Building located at 550 17th Street, NW., Washington, DC.

This Board meeting will be Webcast live via the Internet and subsequently made available ondemand approximately one week after the event. Visit http://www.vodium.com/goto/fdic

Notice of Agency Meeting

Tue, Oct 21 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that at 2:30 p.m. on Thursday, October 23, 2008, the Federal Deposit Insurance Corporation's Board of Directors will meet in closed session, pursuant to section 552b(c)(2), (c)(4), (c)(6), (c)(8), (9)(A)(ii), and (9)(B) of Title 5, United States Code, to consider matters relating to the Corporation's supervisory and corporate activities.

The meeting will be held in the Board Room on the sixth floor of the FDIC Building located at 550 17th Street, NW., Washington, DC.

Requests for further information concerning the meeting may be directed to Mr. Robert E. Feldman, Executive Secretary of the Corporation, at (202) 8987043.

Dated: October 16, 2008.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E825099 Filed 102008; 8:45 am]
BILLING CODE 671401P

Notice of Agency Meeting

Mon, Oct 20 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that at 2:35 p.m. on Friday, October 10, 2008, the Board of Directors of the Federal Deposit Insurance Corporation met in open session to consider the following matter:

Memorandum and resolution re: Interim Rule on Temporary Increase in Standard Coverage Amount and on Mortgage Servicing Accounts.

In calling the meeting, the Board determined, on motion of Vice Chairman Martin J. Gruenberg, seconded by Director John C. Dugan (Comptroller of the Currency), concurred in by Director John M. Reich (Director, Office of Thrift Supervision), Director Thomas J. Curry (Appointive), and Chairman Sheila C. Bair, that Corporation business required its consideration of the matters on less than seven days' notice to the public; and that no notice of the meeting earlier than October 8, 2008, was practicable.

The meeting was held in the Board Room of the FDIC Building located at 55017th Str

Notice of Agency Meeting

Fri, Oct 17 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that at 6:12 p.m. on Monday, October 13, 2008, the Board of Directors of the Federal Deposit Insurance Corporation met in closed session to consider matters relating to the Corporation's Temporary Liquidity Guarantee Program and to full insurance of noninterest bearing deposit transaction accounts.

In calling the meeting, the Board determined, on motion of Director John C. Dugan (Director, Comptroller of the Currency), seconded by Director Thomas J. Curry (Appointive), and concurred in by Vice Chairman Martin J. Gruenberg, Director John M. Reich (Director, Office of Thrift Supervision), and Chairman Sheila C. Bair, that Corporation business required its consideration of the matters which were to be the subject of this meeting on less
[[Page 61861]]
than seven days' notice to the public; that no earlier notice of the meeting was practicable; that the public interest did not require

Notice of Change in Subject Matter of Agency Meeting

Fri, Oct 17 2008 11:00:00 GMT

Pursuant to the provisions of subsection (e)(2) of the ``Government in the Sunshine Act'' (5 U.S.C. 552b(e)(2)), notice is hereby given that at its open meeting held at 10 a.m. on Tuesday, October 7, 2008, the Corporation's Board of Directors determined, on motion of Vice Chairman Martin J. Gruenberg, seconded by Director Thomas J. Curry (Appointive), concurred in by Director John M. Reich (Director, Office of Thrift Supervision), Director John C. Dugan (Comptroller of the Currency), and Chairman Sheila C. Bair, that Corporation business required the addition to the agenda for consideration at the meeting, on less than seven days' notice to the public, of the following matter:

Memorandum and resolution re: Interagency Notice of Proposed Rulemaking on Capital Treatment of Certain Claims on or Guaranteed by, the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).

The Board further determined, by the same majority vote, that no

Deposit Insurance Regulations; Temporary Increase in Standard Coverage Amount; Mortgage Servicing Accounts

Fri, Oct 17 2008 11:00:00 GMT

The FDIC is adopting an interim rule to amend its deposit insurance regulations to reflect Congress's recent action to temporarily increase the standard deposit insurance amount from $100,000 to $250,000 and to simplify the deposit insurance rules for funds maintained in mortgage servicing accounts.

The FDIC's main goals in revising its insurance rule on mortgage servicing accounts are to simplify a rule that has become increasingly complex in application due to developments in securitizations and to provide additional certainty with respect to the deposit insurance coverage of these accounts at a time of turmoil in the housing and financial markets. The FDIC believes this regulatory change will help improve public confidence in the banking system.

Assessments

Thu, Oct 16 2008 11:00:00 GMT

The FDIC is proposing to amend 12 CFR part 327 to: Alter the way in which it differentiates for risk in the riskbased assessment system; revise deposit insurance assessment rates, including base assessment rates; and make technical and other changes to the rules governing the riskbased assessment system.

Federal Deposit Insurance Corporation Restoration Plan

Thu, Oct 16 2008 11:00:00 GMT

Federal Deposit Insurance Corporation Restoration Plan

The recent failures of a large institution and other smaller ones have significantly increased the Deposit Insurance Fund's (the DIF or the fund) loss provisions, resulting in a decline in the reserve ratio. As of June 30, 2008, the reserve ratio stood at 1.01 percent, 18 basis points below the reserve ratio as of March 31, 2008. This is the lowest reserve ratio for a combined bank and thrift insurance fund since March 31, 1995. The FDIC expects a higher rate of insured institution failures in the next few years compared to recent years; thus, the reserve ratio may continue to decline. Because the fund reserve ratio has fallen below 1.15 percent and is expected to remain below 1.15 percent, the FDIC is required to establish and implement a restoration plan to restore the reserve ratio to 1.15 percent within five years.

In FDIC's view, to restore the reserve ratio to 1.15 percent within five years will require higher assessment rates.

Notice of a Matter To Be Added to the Agenda for Consideration at an Agency Meeting

Wed, Oct 8 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that the following matter will be added to the ``summary agenda'' for consideration at the open meeting of the Board of Directors of the Federal Deposit Insurance Corporation scheduled to be held at 10 a.m. on Tuesday, October 7, 2008, in the Board Room on the sixth floor of the FDIC Building located at 55017th Street, NW., Washington, DC:

This Board meeting will be Webcast live via the Internet and subsequently made available ondemand approximately one week after the event. Visit http://www

Agency Information Collection Activities: Submission for OMB Review; Comment Request

Mon, Oct 6 2008 11:00:00 GMT

Notice of Agency Meeting

Fri, Oct 3 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that the Federal Deposit Insurance Corporation's Board of Directors will meet in open session at 10 a.m. on Tuesday, October 7, 2008, to consider the following matters:

Disposition of minutes of previous Board of Directors' meetings.

Memorandum and resolution re: Proposed FDIC Strategic Plan, 2008 2013.

Discussion Agenda: Memorandum and resolution re: Restoration Plan, Notice of Proposed Rulemaking on RiskBased Assessments, and Designated Reserve Ratio for 2009. The meeting will be held in the Board Room on the sixth floor of the FDIC Building located at 550 17th Street, NW., Washington, DC.

This Board meeting will be Webcast live via the Int

Notice of Agency Meeting

Fri, Oct 3 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that at 10:07 a.m. on Thursday, September 25, 2008, the Board of Directors of the Federal Deposit Insurance Corporation met in closed session to consider matters relating to the Corporation's resolution activities.

In calling the meeting, the Board determined, on motion of Director Thomas J. Curry (Appointive), seconded by Vice Chairman Martin J. Gruenberg, concurred in by Director John M. Reich (Director, Office of Thrift Supervision), Chairman Sheila C. Bair, and Director John C. Dugan (Director, Comptroller of the Currency), that Corporation business required its consideration of the matters on less than seven days' notice to the public; that no earlier notice of the meeting was practicable; that the public interest did not require consideration of the matters in a meeting open to public observation; and that the matters could be considered in a closed meeting by authority of

Notice of Agency Meeting

Fri, Oct 3 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that at 10:16 a.m. on Friday, September 26, 2008, the Board of Directors of the Federal Deposit Insurance Corporation met in closed session to consider matters relating to the Corporation's supervisory and resolution activities.

In calling the meeting, the Board determined, on motion of Vice Chairman Martin J. Gruenberg, seconded by Mr. Scott Polakoff, acting in the place and stead of Director John M. Reich (Director, Office of Thrift Supervision), concurred in by Director Thomas J. Curry (Appointive), Julie L. Williams, acting in the place and stead of Director John C. Dugan (Comptroller of the Currency), and Chairman Sheila C. Bair, that Corporation business required its consideration of the matters which were to be the subject of this meeting on less than seven days' notice to the public; that no earlier notice of the meeting was practicable; that the public interest did not re

Notice of Agency Meeting

Fri, Oct 3 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that at 10:30 a.m. on Tuesday, October 7, 2008, the Federal Deposit Insurance Corporation's Board of Directors will meet in closed session, pursuant to section 552b(c)(2), (c)(4), (c)(6), (c)(8), (9)(A)(ii), and (9)(B) of Title 5, United States Code, to consider matters relating to the Corporation's supervisory and corporate activities.

The meeting will be held in the Board Room on the sixth floor of the FDIC Building located at 550 17th Street, NW., Washington, DC.

Requests for further information concerning the meeting may be directed to Mr. Robert E. Feldman, Executive Secretary of the Corporation, at (202) 8987043.

Dated: September 30, 2008.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E823493 Filed 10208; 8:45 am]
BILLING CODE 671401P

Notice of Agency Meeting

Thu, Oct 2 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that at 6:04 a.m. on Monday, September 29, 2008, the Board of Directors of the Federal Deposit Insurance Corporation met in closed session to consider matters related to open bank assistance transaction.

In calling the meeting, the Board determined, on motion of Vice Chairman Martin J. Gruenberg, seconded by Chairman Sheila C. Bair, concurred in by Director John C. Dugan (Comptroller of the Currency), Director Thomas J. Curry (Appointive), and Director John M. Reich (Director, Office of Thrift Supervision), that Corporation business required its consideration of the matters which were to be the subject of this meeting on less than seven days' notice to the public; that no earlier notice of the meeting was practicable; that the public interest did not require consideration of the matters in a meeting open to public observation; and that the matters could be considered in a closed

Deposit Insurance Regulations; Revocable Trust Accounts

Tue, Sep 30 2008 11:00:00 GMT

The FDIC is adopting an interim rule to simplify and modernize its deposit insurance rules for revocable trust accounts. The FDIC's main goal in implementing these revisions is to make the rules easier to understand and apply, without decreasing coverage currently available for revocable trust account owners. The FDIC believes that the interim rule will result in faster deposit insurance determinations after depository institution closings and will help improve public confidence in the banking system. The interim rule eliminates the concept of qualifying beneficiaries. Also, for account owners with revocable trust accounts totaling no more than $500,000, coverage will be determined without regard to the beneficial interest of each beneficiary in the trust.

Under the new rules, a trust account owner with up to five different beneficiaries named in all his or her revocable trust accounts at one FDICinsured institution will be insured up to $100,000 per beneficiary. Revocable trust account own

Deposit Insurance Requirements After Certain Conversions; Definition of ``Corporate Reorganization;'' Optional

Thu, Sep 25 2008 11:00:00 GMT

The FDIC is issuing a final rule that amends certain of its regulations by conforming them to Federal statutes amended by the Financial Services Regulatory Relief Act of 2006, the Federal Deposit Insurance Reform Act of 2005 and the Federal Deposit Insurance Reform Conforming Amendments Act of 2005. On January 14, 2008, the FDIC adopted, an interim rule and requested public comment on, amendments to its regulations to implement such changes. Having received no comments on the interim rule, the FDIC is confirming the interim rule as final without change.

Financial Education Programs That Include the Provision of Bank Products and Services

Thu, Sep 25 2008 11:00:00 GMT

The Federal Deposit Insurance Corporation (FDIC) is amending its regulations to permit state nonmember banks to participate or assist in certain financial education programs conducted on school premises where, in connection with the program, deposits are received, checks are paid, or money is lent, without the need to submit a branch application to, and receive prior approval from, the FDIC. However, any state nonmember bank that desires to engage in such financial education programs must satisfy certain conditions in order for the exemption to apply.

Notice of Agency Meeting

Thu, Sep 25 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that the Federal Deposit Insurance Corporation's Board of Directors will meet in open session at 10 a.m. on Friday, September 26, 2008, to consider the following matter:

Discussion Agenda

Memorandum and resolution re: Simplification of Deposit Insurance Rules for Trust Accounts.

The meeting will be held in the Board Room on the sixth floor of the FDIC Building located at 550 17th Street, NW., Washington, DC.

This Board meeting will be Webcast live via the Internet and subsequently made available ondemand approximately one week after the event. Visit http://www.vodium.com/goto/fdic/boardmeetings.asp to view the event. If you need any technical assistance, please visit our Video Help page at:

Guidelines for Appeals of Material Supervisory Determinations

Tue, Sep 23 2008 11:00:00 GMT

On September 16, 2008, the Federal Deposit Insurance Corporation (FDIC) Board of Directors (Board) adopted revised Guidelines for Appeals of Material Supervisory Determinations (Guidelines). The revisions to the Guidelines were adopted to better align the FDIC's Supervisory Appeals Review Committee (SARC) process with the material supervisory determinations appeals procedures at the other Federal banking agencies. The amendments modify the supervisory determinations eligible for appeal to eliminate the ability of an FDIC supervised institution to file an appeal with the SARC with respect to determinations or the facts and circumstances underlying a recommended or pending formal enforcementrelated action or decision, including the initiation of an investigation and the referral to the Attorney General or a notice to the Secretary of Housing and Urban Development for apparent violations of the Equal Credit Opportunity Act or the Fair Housing Act. The amendments also include limited technical amen

Notice of Agency Meeting

Mon, Sep 15 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that at 10:30 a.m. on Tuesday, September 16, 2008, the Federal Deposit Insurance Corporation's Board of Directors will meet in closed session, pursuant to section 552b(c)(2), (c)(4), (c)(6), (c)(8), (9)(A)(ii), and (9)(B) of Title 5, United States Code, to consider matters relating to the Corporation's supervisory and corporate activities.

The meeting will be held in the Board Room on the sixth floor of the FDIC Building located at 550 17th Street, NW., Washington, DC.

Requests for further information concerning the meeting may be directed to Mr. Robert E. Feldman, Executive Secretary of the Corporation, at (202) 8987122.

Dated: September 9, 2008.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E821395 Filed 91208; 8:45 am]
BILLING CODE 671401P

Notice of Agency Meeting

Mon, Sep 15 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that the Federal Deposit Insurance Corporation's Board of Directors will meet in open session at 10 a.m. on Tuesday, September 16, 2008, to consider the following matters:

Summary Agenda: No substantive discussion of the following items is anticipated. These matters will be resolved with a single vote unless a member of the Board of Directors requests that an item be moved to the discussion agenda.
Disposition of minutes of previous Board of Directors' meetings Summary reports, status reports, and reports of actions taken pursuant to authority delegated by the Board of Directors
Memorandum and resolution re: Final Rule: Financial Education Programs that Include the Provision of Bank Products and Services
Memorandum and resolution re: Final Amendments to the FDIC Rules and Regulations Due to the Financial Services Regulatory Relief Act of 2006 Memorandum and resolution re: Final Amend

Agency Information Collection Activities: Submission for OMB Review; Comment Request

Fri, Aug 22 2008 11:00:00 GMT

In accordance with requirements of the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.), the FDIC hereby gives notice that it is submitting to the Office of Management and Budget (OMB) a request for OMB review and approval of the new information collection described below. The collection is related to a mandate under section 7 of the Federal Deposit Insurance Reform Conforming Amendments Act of 2005 (``Reform Act'') (Pub. L. 109173), which calls for the FDIC to conduct ongoing surveys ``on efforts by insured depository institutions to bring those individuals and families who have rarely, if ever, held a checking account, a savings account or other type of transaction or check cashing account at an insured depository institution (hereafter in this section referred to as the `unbanked') into the conventional finance system.'' Section 7 further instructs the FDIC to consider several factors in its conduct of the surveys, including: (1) ``What cultural, language and identification issues as

Agency Information Collection Activities: Submission for OMB Review; Comment Request

Wed, Aug 20 2008 11:00:00 GMT

Notice of Agency Meeting

Mon, Aug 11 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that at 10:03 a.m. on Tuesday, August 5, 2008, the Board of Directors of the Federal Deposit Insurance Corporation met in closed session to consider matters relating to the Corporation's resolution activities.

In calling the meeting, the Board determined, on motion of Vice Chairman Martin J. Gruenberg, seconded by Mr. Scott Polakoff, acting in the place and stead of Director John M. Reich (Director, Office of Thrift Supervision), concurred in by Director Thomas J. Curry (Appointive), Chairman Sheila C. Bair, and Director John C. Dugan (Director, Comptroller of the Currency), that Corporation business required its consideration of the matters on less than seven days' notice to the public; that no earlier notice of the meeting was practicable; that the public interest did not require consideration of the matters in a meeting open to public observation; and that the matters could be

Fair Housing and Nondiscrimination on the Basis of Disability

Thu, Aug 7 2008 11:00:00 GMT

The FDIC is amending two regulations, following a recent review, to update FDIC addresses contained in the regulations. First, the FDIC is updating the division name and address information in the Equal Housing Lender poster set forth in its fair housing regulation. Second, the FDIC is updating the address and telephone contact information for the FDIC's Office of Diversity and Economic Opportunity (ODEO) set forth in its regulation on nondiscrimination on the basis of disability.

Agency Information Collection Activities: Proposed Collection Renewals (0022; 0027; 0029; 0061; 0113); Comment Request

Tue, Jul 29 2008 11:00:00 GMT

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 collections of information titled: (1) Uniform Application/Uniform Termination for Municipal Securities Principal or Representative; (2) Request for Deregistration for Registered Transfer Agents; (3) Notification of Performance of Bank Services; (4) Summary of Deposits; and (5) External Audits.

Recordkeeping Requirements for Qualified Financial Contracts; Proposed Rule and Notice

Mon, Jul 28 2008 11:00:00 GMT

The FDIC proposes recordkeeping requirements for qualified financial contracts (QFCs) held by insured depository institutions in a troubled condition as defined in this proposed rule. The appendix to the proposed rule would require an institution in a troubled condition, upon written notification by the FDIC, to produce immediately at the close of processing of the institution's business day, for a period provided in the notification, electronic files for certain position level and counterparty level data; electronic or written lists of QFC counterparty and portfolio location identifiers, certain affiliates of the institution and the institution's counterparties to QFC transactions, contact information and organizational charts for key personnel involved in QFC activities, and contact information for vendors for such activities; and copies of key agreements and related documents for each QFC.

Covered Bond Policy Statement

Mon, Jul 28 2008 11:00:00 GMT

The Federal Deposit Insurance Corporation (the FDIC) is publishing a final policy statement on the treatment of covered bonds in a conservatorship or receivership. This policy statement provides guidance on the availability of expedited access to collateral pledged for certain covered bonds after the FDIC decides whether to terminate or continue the transaction. Specifically, the policy statement clarifies how the FDIC will apply the consent requirements of section 11(e)(13)(C) of the Federal Deposit Insurance Act (FDIA) to such covered bonds to facilitate the prudent development of the U.S. covered bond market consistent with the FDIC's responsibilities as conservator or receiver for insured depository institutions (IDI). As the U.S. covered bond market develops, future modifications or amendments may be considered by the FDIC.

Processing of Deposit Accounts in the Event of an Insured Depository Institution Failure

Thu, Jul 17 2008 11:00:00 GMT

The FDIC is adopting an interim 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 interim rule represent a continuation of long standing FDIC procedures in processing such balances at a failed depository institution. The FDIC is adopting the interim rule concurrently with its adoption of a related final rule requiring the largest insured depository institutions to adopt mechanisms that would, in the event of the institution's failure: Provide the FDIC with standard deposit account and other customer information; and allow the placement and release of holds on liability accounts, including deposits. This interim rule applies to all insured depository institutions.

Large-Bank Deposit Insurance Determination Modernization

Thu, Jul 17 2008 11:00:00 GMT

The FDIC is adopting a final rule requiring the largest insured depository institutions to adopt mechanisms that would, in the event of the institution's failure: provide the FDIC with standard deposit account and other customer information; and allow the placement and release of holds on liability accounts, including deposits. The final rule applies only to insured depository institutions having at least $2 billion in domestic deposits and either: more than 250,000 deposit accounts (currently estimated to be 152 institutions); or total assets over $20 billion, regardless of the number of deposit accounts (currently estimated to be 7 institutions).

The FDIC is adopting the final rule concurrently with its adoption of an interim rule establishing practices for determining deposit and other liability account balances at a failed insured depository institution. With exceptions indicated in the final rule, institutions subject to this final rule will have eighteen months from the effective date

Notice of Agency Meeting

Fri, Jul 11 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that the Federal Deposit Insurance Corporation's Board of Directors will meet in open session at 1 p.m. on Tuesday, July 15, 2008, to consider the following matters:

Disposition of minutes of previous Board of Directors' meetings.

Summary reports, status reports, and reports of actions taken pursuant to authority delegated by the Board of Directors.

Discussion Agenda: Memorandum and resolution re: Final Guidance: Supervisory Process of Capital Adequacy (Pillar 2) Related to the Implementation of the Basel II Advanced Capital Framework.

Memorandum and resolution re: Notice of Proposed Rulemaking on Recordkeeping Requirements for Qualified Fina

Notice of Agency Meeting

Fri, Jul 11 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that at 1:30 p.m. on Tuesday, July 15, 2008, the Federal Deposit Insurance Corporation's Board of Directors will meet in closed session, pursuant to section 552b(c)(4), (c)(6), (c)(8), (9)(A)(ii), and (9)(B) of Title 5, United States Code, to consider matters relating to the Corporation's supervisory and corporate activities.

The meeting will be held in the Board Room on the sixth floor of the FDIC Building located at 550 17th Street, NW., Washington, DC.

Requests for further information concerning the meeting may be directed to Mr. Robert E. Feldman, Executive Secretary of the Corporation, at (202) 8987122.
[[Page 39963]]

Dated: July 8, 2008.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E815850 Filed 71008; 8:45 am]
BILLING CODE 671401P

FDIC Advisory Committee on Economic Inclusion (ComE-IN); Notice of Meeting

Tue, Jun 24 2008 11:00:00 GMT

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.

Financial Education Programs That Include the Provision of Bank Products and Services

Mon, Jun 23 2008 11:00:00 GMT

The Federal Deposit Insurance Corporation (FDIC) is amending its regulations to permit state nonmember banks to participate or assist in financial education programs conducted on school premises where, in connection with the program, deposits are received, checks are paid, or money is lent, without the need to submit a branch application to, and receive prior approval from, the FDIC. However, any state nonmember bank that desires to engage in such financial education programs must satisfy certain conditions.

Agency Information Collection Activities: Submission for OMB Review; Comment Request

Thu, Jun 19 2008 11:00:00 GMT

In accordance with requirements of the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.), the FDIC hereby gives notice that it is submitting to OMB a request for review and approval of the following collections of information: ``Flood Insurance,'' OMB No. 30640120, and ``Forms Relating to Processing Deposit Insurance Claims,'' OMB No. 30640143.

Notice of Agency Meeting

Mon, Jun 16 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that the Federal Deposit Insurance Corporation's Board of Directors will meet in open session at 10 a.m. on Tuesday, June 17, 2008, to consider the following matters:

Summary Agenda: No substantive discussion of the following items is anticipated. These matters will be resolved with a single vote unless a member of the Board of Directors requests that an item be moved to the discussion agenda.
Disposition of minutes of previous Board of Directors' meetings; Summary reports, status reports, and reports of actions taken pursuant to authority delegated by the Board of Directors;
Memorandum and resolution re: Interim Final Rule; Request for Comment: Financial Education Programs that Include the Provision of Bank Products and Services.

Discussion Agenda:
Memorandum and resolutions re: Interim Rule on Processing Deposit Accounts in the Event of an Insured Depository Institution Failure

Notice of Agency Meeting

Mon, Jun 16 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that at 10:30 a.m. on Tuesday, June 17, 2008, the Federal Deposit Insurance Corporation's Board of Directors will meet in closed session, pursuant to section 552b(c)(2), (c)(4), (c)(6), (c)(8), (9)(A)(ii), and (9)(B) of Title 5, United States Code, to consider matters relating to the Corporation's supervisory and corporate activities.

The meeting will be held in the Board Room on the sixth floor of the FDIC Building located at 550 17th Street, NW., Washington, DC.

Requests for further information concerning the meeting may be directed to Mr. Robert E. Feldman, Executive Secretary of the Corporation, at (202) 8987122.

Dated: June 10, 2008.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E813380 Filed 61308; 8:45 am]
BILLING CODE 671401P

Agency Information Collection Activities: Proposed Collection; Comment Request

Thu, May 29 2008 11:00:00 GMT

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: Acquisition Services Information Requirements (30640072), Account Based Disclosures in Connection with Federal Reserve Regulations E, CC, and DD (30640084), and Prompt Corrective Actions (30640115).

Guidelines for Appeals of Material Supervisory Determinations

Tue, May 27 2008 11:00:00 GMT

The Federal Deposit Insurance Corporation (FDIC) proposes to amend its Guidelines for Appeals of Material Supervisory Determinations to better align the FDIC's Supervisory Appeals Review Committee (SARC) process with the material supervisory determinations appeals procedures at the other Federal banking agencies. The proposed amendments would modify the supervisory determinations eligible for appeal to eliminate the ability of an FDICsupervised institution to file an appeal with the SARC with respect to determinations or the facts and circumstances underlying a formal enforcementrelated action or decision, including the initiation of an investigation. The proposed amendments also include limited technical amendments.

Agency Information Collection Activities: Proposed Information Collection; Comment Request

Mon, May 19 2008 11:00:00 GMT

The FDIC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on a proposed new collection of information, as required by the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35). The collection is related to a mandate under section 7 of the Federal Deposit Insurance Reform Conforming Amendments Act of 2005 (``Reform Act'') (Pub. L. 109173), which calls for the FDIC to conduct ongoing surveys ``on efforts by insured depository institutions to bring those individuals and families who have rarely, if ever, held a checking account, a savings account or other type of transaction or check cashing account at an insured depository institution (hereafter in this section referred to as the `unbanked') into the conventional finance system.'' Section 7 further instructs the FDIC to consider several factors in its conduct of the surveys, including: (1) ``What cultural, language and identification issues as well as tr

Notice of Agency Meeting

Thu, May 15 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that at 9 a.m. on Monday, May 19, 2008, the Federal Deposit Insurance Corporation's Board of Directors will meet in closed session, pursuant to section 552b(c)(2), (c)(4), (c)(6), (c)(8), (9)(A)(ii), (9)(B), and (10) of Title 5, United States Code, to consider matters relating to the Corporation's supervisory and corporate activities.

The meeting will be held in the Board Room on the sixth floor of the FDIC Building located at 550 17th Street, NW., Washington, DC.

Requests for further information concerning the meeting may be directed to Mr. Robert E. Feldman, Executive Secretary of the Corporation, at (202) 8987122.

Dated: May 12, 2008.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E810914 Filed 51408; 8:45 am]
BILLING CODE 671401P

Covered Bond Policy Statement

Wed, Apr 23 2008 11:00:00 GMT

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
[[Page 21950]]
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.

Agency Information Collection Activities: Submission for OMB Review; Comment Request

Mon, Apr 14 2008 11:00:00 GMT

Notice of Agency Meeting

Mon, Apr 14 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that at 10:30 a.m. on Tuesday, April 15, 2008, the Federal Deposit Insurance Corporation's Board of Directors will meet in closed session, pursuant to section 552b(c)(2), (c)(4), (c)(6), (c)(8), (9)(A)(ii), (9)(B), and (10) of Title 5, United States Code, to consider matters relating to the Corporation's supervisory and corporate activities.

The meeting will be held in the Board Room on the sixth floor of the FDIC Building located at 550 17th Street, NW., Washington, DC.

Requests for further information concerning the meeting may be directed to Mr. Robert E. Feldman, Executive Secretary of the Corporation, at (202) 8987122.

Dated: April 8, 2008.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E87850 Filed 41108; 8:45 am]
BILLING CODE 671401P

Notice of Agency Meeting

Mon, Apr 14 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that the Federal Deposit Insurance Corporation's Board of Directors will meet in open session at 10 a.m. on Tuesday, April 15, 2008, to consider the following matters:

Disposition of minutes of previous Board of Directors' meetings. [[Page 20051]]

Summary reports, status reports, and reports of actions taken pursuant to authority delegated by the Board of Directors.

Memorandum and resolution re: Amendments to the Guidelines for Appeals of Material Supervisory Determinations.

Discussion Agenda:

Update on the Basel II Standardized Approach.

Memorandum and resolution re: Interim Final Covered Bond Policy Statement.

The meeting will be

Agency Information Collection Activities: Proposed Collection Renewals; Comment Request

Fri, Apr 4 2008 11:00:00 GMT

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. 3064120, and ``Forms Relating to Processing Deposit Insurance Claims,'' OMB No. 30640143.

Assessment Dividends

Mon, Mar 24 2008 11:00:00 GMT

The FDIC is proposing regulations to implement the assessment dividend requirements in the Federal Deposit Insurance Reform Act of 2005 (``Reform Act'') and the Federal Deposit Insurance Reform Conforming Amendments Act of 2005 (``Amendments Act''). The proposed rule is the followup to the advanced notice of proposed rulemaking on assessment dividends the FDIC issued in September 2007 and the temporary final rule on assessment dividends the FDIC issued in October 2006. The temporary final rule sunsets on December 31, 2008.

Notice of Agency Meeting

Wed, Mar 12 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that the Federal Deposit Insurance Corporation's Board of Directors will meet in open session at 10 a.m. on Friday, March 14, 2008, to consider the following matters:

Disposition of minutes of previous Board of Directors' meetings.

Summary reports, status reports, and reports of actions taken pursuant to authority delegated by the Board of Directors.

Discussion Agenda:

Memorandum and resolution re: Assessment Rates for 2008.

Memorandum and resolution re: Notice of Proposed Rulemaking on Assessment Dividends.

The meeting will be held in the Board Room on the sixth floor of the FDIC Building located at 550 17th Street, NW., Washington, D

Notice of Agency Meeting

Wed, Mar 12 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that at 10:30 a.m. on Friday, March 14, 2008, the Federal Deposit Insurance Corporation's Board of Directors will meet in closed session, pursuant to section 552b(c)(2), (c)(4), (c)(6), (c)(8), and (9)(A)(ii) of Title 5, United States Code, to consider matters relating to the Corporation's supervisory and corporate activities.

The meeting will be held in the Board Room on the sixth floor of the FDIC Building located at 550 17th Street, NW., Washington, DC.

Requests for further information concerning the meeting may be directed to Ms. Valerie J. Best, Assistant Executive Secretary of the Corporation, at (202) 8987122.

Dated: March 7, 2008.

Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. E84971 Filed 31108; 8:45 am]
BILLING CODE 671401P

Agency Information Collection Activities: Submission for OMB Review; Comment Request

Tue, Mar 11 2008 11:00:00 GMT

In accordance with requirements of the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35), the FDIC hereby gives notice that it plans to submit to the Office of Management and Budget (OMB) a request for OMB review and renewal of three information collections titled: (1) Recordkeeping and Disclosure Requirements in Connection with Regulation Z (Truth in Lending); (2) Recordkeeping and Disclosure Requirements in Connection with Regulation M (Consumer Leasing); and (3) Recordkeeping and Disclosure Requirements in Connection with Regulation B (Equal Credit Opportunity).

Notice of Agency Meeting

Thu, Mar 6 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that at 1:36 p.m. on Monday, March 3, 2008, the Board of Directors of the Federal Deposit Insurance Corporation met in closed session to consider matters relating to the Corporation's supervisory activities.

In calling the meeting, the Board determined, on motion of Vice Chairman Martin J. Gruenberg, seconded by Director Thomas J. Curry (Appointive), concurred in by Director John M. Reich (Director, Office of Thrift Supervision), Director John C. Dugan (Director, Comptroller of the Currency), and Chairman Shelia C. Bair, that Corporation business required its consideration of the matters on less than seven days' notice to the public; that no earlier notice of the meeting was practicable; that the public interest did not require consideration of the matters in a meeting open to public observation; and that the matters could be considered in a closed meeting by authority of subsect

FDIC Advisory Committee on Economic Inclusion (ComE-IN); Notice of Meeting

Tue, Mar 4 2008 11:00:00 GMT

Agency Information Collection Activities: Proposed Information Collection; Comment Request

Mon, Feb 25 2008 11:00:00 GMT

In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35), an agency 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 is contemplating establishing a generic information collection to conduct occasional qualitative surveys in support of Alliance for Economic Inclusion (AEI) initiatives. The subject matter of the surveys would be determined by individual AEI regional area needs and areas of interest, but likely would include such topics as financial literacy education, asset building programs, retail banking services, and alternative financial services delivery channels. Survey respondents would typically include AEI coalition member financial institutions, but may also include nonAEI member financial institutions in regional areas served by AEIs. Depending on local needs, other organizations could also be surveyed as well.

Statement of Policy on Bank Merger Transactions

Fri, Feb 15 2008 11:00:00 GMT

The FDIC is amending its Statement of Policy on Bank Merger Transactions (``Statement of Policy'') in order to conform it to the Bank Merger Act, as amended by the Financial Services Regulatory Relief Act of 2006 (``FSRRA''). The FSRRA (i) eliminated the need for the FDIC to obtain a competitive factors report from the other three Federal banking agencies in processing a merger application and (ii) eliminated both the postapproval waiting period and the need to obtain any competitive factors reports, when the merger solely involves an insured depository institution and one or more affiliates. In addition, the FDIC is amending its Statement of Policy in order to remove any discussion of ``Oakar Transactions'' since the Federal Deposit Insurance Reform Act of 2005 consolidated the former Savings Association Insurance Fund (``SAIF'') and the former Bank Insurance Fund (``BIF'') into the Deposit Insurance Fund. Finally, the FDIC is amending its Statement of Policy in order to conform the descriptio

Notice of Agency Meeting

Fri, Feb 8 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that at 10 a.m. on Tuesday, February 12, 2008, the Federal Deposit Insurance Corporation's Board of Directors will meet in closed session, pursuant to section 552b(c)(4), (c)(6), (c)(8), and (9)(A)(ii) of Title 5, United States Code, to consider matters relating to the Corporation's supervisory and corporate activities.

The meeting will be held in the Board Room on the sixth floor of the FDIC Building located at 550 17th Street, NW., Washington, DC.

Requests for further information concerning the meeting may be directed to Mr. Robert E. Feldman, Executive Secretary of the Corporation, at (202) 8987122.

Dated: February 5, 2008.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E82340 Filed 2708; 8:45 am]
BILLING CODE 671401P

Agency Information Collection Activities: Proposed Collection; Comment Request

Tue, Feb 5 2008 11:00:00 GMT

Statement of Policy for Section 19 of the Federal Deposit Insurance Act

Tue, Jan 29 2008 11:00:00 GMT

Correction

Editorial Note: This correction was inadvertently removed from the issue of Friday, January 25, 2008. As a result, it is being printed in its entirety.

In notice document E725128 appearing on page 73823 in the issue of Friday, December 28, 2007, make the following corrections:

1. In the third column, in the first full paragraph, in the second line, footnote 1 is corrected to read as set forth below:

``\1\ Pub.L. 109[dash]351, Sec. 710''.

2. In the same column, in the first full paragraph under the heading ``A. Scope of Section 19'', the text is corrected to read as set forth below:

Section 19 covers institutionaffiliated parties, as defined by 12 U.S.C. 1813(u), and others who are participants in the conduct of the affairs of an insured institution.\1\ * * *
\1\ This Statement of Policy applies only to insured depository institutions and their institutionaffiliated parties. In addition to the requirement to file an application with the FDIC, such individuals

Notice of Agency Meeting

Tue, Jan 22 2008 11:00:00 GMT

Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that at 10 a.m. on Tuesday, January 22, 2008, the Federal Deposit Insurance Corporation's Board of Directors will meet in closed session, pursuant to section 552b(c)(2), (c)(4), (c)(6), (c)(8), (9)(A)(ii), and (9)(B) of Title 5, United States Code, to consider matters relating to the Corporation's supervisory and corporate activities and to personnel matters.

The meeting will be held in the Board Room on the sixth floor of the FDIC Building located at 550 17th Street, NW., Washington, DC.

Requests for further information concerning the meeting may be directed to Mr. Robert E. Feldman, Executive Secretary of the Corporation, at (202) 8987122.

Dated: January 15, 2008.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E8944 Filed 11808; 8:45 am]
BILLING CODE 671401P

Deposit Insurance Requirements After Certain Conversions; Definition of ``Corporate Reorganization;'' Optional

Mon, Jan 14 2008 11:00:00 GMT

The FDIC is amending certain regulations in order to conform them to certain Federal statutes recently amended by the Financial Services Regulatory Relief Act of 2006, the Federal Deposit Insurance Reform Act of 2005, and the Federal Deposit Insurance Reform Conforming Amendments Act of 2005. First, the FDIC is amending its deposit insurance regulations to clarify that a deposit insurance application is required for each new bank that results from the conversion of certain Federal savings associations into multiple banks. Second, the FDIC is amending its merger regulations to define the term ``corporate reorganization'' to mean a merger that involves solely an insured depository institution and one or more of its affiliates. Third, the FDIC is amending its merger regulations to remove any reference to ``Optional Conversions'' (sometimes referred to as ``Oakar Transactions''). Fourth, the FDIC is adding, as an additional grounds for disapproval of a change in control notice, unfavorable future

Processing of Deposit Accounts in the Event of an Insured Depository Institution Failure and Large-Bank Deposit

Mon, Jan 14 2008 11:00:00 GMT

The FDIC is seeking comment on a proposed rule composed of two parts. The first part would establish the FDIC's practice for determining deposit account balances at a failed insured depository institution. The second part would require the largest insured depository institutions to adopt mechanisms that would, in the event of the institution's failure: provide the FDIC with standard deposit account and customer information; and allow the FDIC to place and release holds on liability accounts, including deposits. The first part of the proposal would apply to all insured depository institutions. The second part of the proposal would apply only to insured depository institutions having at least $2 billion in domestic deposits and either: more than 250,000 deposit accounts (currently 152
institutions); or total assets over $20 billion, regardless of the number of deposit accounts (currently 7 institutions). The FDIC is seeking comment on all aspects of the proposed rule.

Minority and Women Outreach Program Contracting

Thu, Jan 3 2008 11:00:00 GMT

This proposal would amend existing FDIC regulations regarding the FDIC's contracting activities under its Minority and Women Outreach Program (MWOP). These are relatively minor amendments designed to eliminate several provisions rendered obsolete by significant reductions in FDIC contracting activities and decreases in FDIC staff to monitor the contracting activities of Minority and WomenOwned Businesses (MWOBs).

Agency Information Collection Activities: Submission for OMB Review; Comment Request; Correction

Thu, Jan 3 2008 11:00:00 GMT

The FDIC published a document in the Federal Register of December 27, 2007, concerning a notice of information collection to be submitted to OMB for review and approval under the Paperwork Reduction Act of 1995. The document contained an outdated estimate of time per response for the proposed survey with the result that the estimated total annual burden for the survey and the total burden for the overall collection were incorrect. In addition, with regard to the case studies, the number of respondents and the estimated time per response for the indepth interview were outdated and, as a result, the estimated total burden for the case studies aspect of the collection was overstated. For purposes of clarity, information concerning the estimated burden for the collection is reprinted in its entirety.