[Federal Register Volume 59, Number 241 (Friday, December 16, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-31121]
[[Page Unknown]]
[Federal Register: December 16, 1994]
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FEDERAL DEPOSIT INSURANCE CORPORATION
Notice of Agency Meeting
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
10:00 a.m. on Tuesday, December 20, 1994, 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 meetings.
Reports of actions approved by the standing committees of the
Corporation and by officers of the Corporation pursuant to authority
delegated by the Board of Directors.
Memorandum re: Lease of office space for the Northeast Service
Center of the Division of Depositor and Asset Services and
supporting divisions and offices, and approval of the Service Center
tenant improvements budget.
Memorandum re: Contracts relating to the Corporation's
information resources management activities.
Memorandum re: Request for approval to exercise option for hotel
management service contract at Virginia Square.
Memorandum and resolution re: Final amendments to Part 335 of
the Corporation's rules and regulations, entitled ``Securities of
Nonmember Insured Banks,'' which relate to registration and
reporting requirements for nonmember insured banks with securities
registered under section 12 of the Securities Exchange Act of 1934.
Memorandum and resolution re: Final amendments to Part 303 of
the Corporation's rules and regulations, entitled ``Applications,
Requests, Submittals, Delegations of Authority, and Notices Required
to be filed by Statute or Regulation,'' which amend the
Corporation's requirements for publishing notice of the filing of
applications for proposed merger transactions under the Bank Merger
Act.
Memorandum and resolution re: Notice of withdrawal of proposed
amendments to the Corporation's rules and regulations in the form of
a new Part 356, entitled ``Insider Transactions--Conflicts of
Interest,'' which would (1) provide that business dealings (other
than extensions of credit) between an insured nonmember bank and its
directors, executive officers, principal shareholders and related
interests of such persons must meet an arms-length standard, (2)
require that covered business dealings be approved by the bank's
board of directors in advance if the dollar value of the business
dealings exceeds a certain aggregate figure, (3) require bank
insiders to disclose their conflicts of interest, (4) provide for
certain recordkeeping requirements, (5) require the bank's board of
directors to adopt written guidelines governing covered business
dealings, and (6) prohibit insured nonmember banks from investing in
real estate in which any of the bank's directors, executive
officers, principal shareholders or related interests of such
persons has an equity interest.
Discussion Agenda
Memorandum re: The Corporation's 1995 Business Plan.
Memorandum with respect to the development of a process to
ensure that any appeal of a material supervisory determination is
considered and decided expeditiously.
Memorandum and resolution re: Report on Use of Alternative
Dispute Resolution at the Federal Deposit Insurance Corporation as
contemplated by the Administrative Dispute Resolution Act of 1990
and recommendations with respect thereto.
Memorandum and resolution re: Final amendments to Parts 327 and
304 of the Corporation's rules and regulations, entitled
``Assessments'' and ``Forms, Instructions, and Reports,''
respectively, which (1) collect assessments on a quarterly basis via
direct debits initiated by the Corporation; (2) update an
institution's risk-based assessment classification on a quarterly,
rather than semiannual basis; (3) clarify the requirements for
insurance assessment payments due with regard to deposits assumed
from institutions terminating their insured status; and (4) make
certain other technical amendments.
Memorandum and resolution re: Final amendments to Part 337 of
the Corporation's rules and regulations, entitled ``Unsafe and
Unsound Banking Practices,'' which except loans which are fully
secured by certain types of collateral from the general limit on
``other purpose'' loans to executive officers of insured nonmember
banks.
Memorandum and resolution re: Final amendments to Part 325 of
the Corporation's rules and regulations, entitled ``Capital
Maintenance,'' which, for regulatory capital purposes, require net
unrealized holding losses on available-for-sale equity securities
with readily determinable fair values to be deducted in determining
the amount of Tier 1 capital and exclude from the definition of Tier
1 capital all other net unrealized holding gains (losses) on
available-for-sale equity securities.
Memorandum and resolution re: Final amendments to Part 325 of
the Corporation's rules and regulations, entitled ``Capital
Maintenance,'' which revises the existing risk-based capital
guidelines (Appendix A to Part 325) to recognize the effects of
bilateral netting agreements in the calculation of risk-based
capital.
The meeting will be held in the Board Room on the sixth floor of
the FDIC Building located at 550 17th Street, N.W., Washington, D.C.
The FDIC will provide attendees with auxiliary aids (e.g., sign
language interpretation) required for this meeting. Those attendees
needing such assistance should call (202) 942-3132 (Voice); (202) 942-
3111 (TTY), to make necessary arrangements.
Requests for further information concerning the meeting may be
directed to Mr. Robert E. Feldman, Acting Executive Secretary of the
Corporation, at (202) 898-6757.
Dated: December 13, 1994.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Acting Executive Secretary.
[FR Doc. 94-31121 Filed 12-14-94; 1:33 pm]
BILLING CODE 6714-0-M
