[Federal Register Volume 60, Number 52 (Friday, March 17, 1995)]
[Sunshine Act Meetings]
[Pages 14483-14484]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-6743]
-----------------------------------------------------------------------
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, March 21, 1995, 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: 1994 Year-End Financial Management Report.
Memorandum and resolution re: (1) Final rule in the form of 5
C.F.R. Part 3201, entitled ``Supplemental Standards of Ethical
Conduct for Employees of the Federal Deposit Insurance
Corporation,'' which establishes uniform standards of ethical
conduct for employees of the Corporation to supplement the Standards
of Ethical Conduct for Employees of the Executive Branch issued by
the Office of Government Ethics; and (2) final amendments to Part
336 of the Corporation's rules and regulations, entitled ``Employee
Responsibilities and Conduct,'' which (a) remove and reserve
subparts A, B, C, E, and F, sections 336.1-336.23, and sections
336.29-336.37, (b) remove the appendix, and (c) add a new section
336.1 to provide a cross-reference to the Corporation's supplemental
ethical conduct regulation to be codified at 5 C.F.R. Part 3201, the
Corporation's supplemental financial disclosure regulation at 5
C.F.R. Part 3202, and to the Executive Branch-wide financial
disclosure and standards of ethical conduct regulations at 5 C.F.R.
Parts 2634 and 2635.
Memorandum and resolution re: Recommendation regarding the
request that Part 344 of the Corporation's rules and regulations,
entitled ``Recordkeeping and Confirmation Requirements for
Securities Transactions,'' be amended to delete the requirement that
the amount of a bank's remuneration be disclosed with respect to
mutual fund transactions effected for customers.
Discussion Agenda
Memorandum and resolution re: Proposed amendments to the
Corporation's rules and regulations in the form of a new Part 359 to
be entitled ``Golden Parachute and Indemnification Payments,'' and
proposed 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 would (1) limit golden parachute and
indemnification payments to institution-affiliated parties by
insured depository institutions and depository institution holding
companies; and (2) delegate to the Executive Director for
Supervision, Resolutions, and Compliance, the Director of the
Division of Supervision, or their designees, the authority to
approve or deny certain requests.
Memorandum and resolution re: Guidelines for the establishment
of an independent intra-agency appellate process to review material
supervisory determinations as required by the Riegle Community
Development and Regulatory Improvement Act of 1994, which guidelines
are intended to clarify the types of determinations that are
eligible for review and establish the process by which appeals will
be considered and decided.
Memorandum and resolution re: (1) Final amendments to Parts 303
and 308 of the Corporation's rules and regulations, entitled
``Applications, Requests, Submittals, Delegations of Authority, and
Notices Required to be Filed by Statute or Regulation,'' and ``Rules
of Practice and Procedure,'' respectively, and (2) amendments to the
Corporation's rules and regulations in the form of a new Part 364,
entitled ``Standards for Safety and Soundness,'' which establish
deadlines for submission and review of safety and soundness
compliance plans, and set forth Interagency Guidelines Establishing
Standards for Safety and Soundness.
Memorandum and resolution re: Notice of withdrawal of proposed
amendments to the Corporation's rules and regulations in the form of
a new Part 334, entitled ``Contracts Adverse to Safety and Soundness
of Insured Depository Institutions,'' which would have implemented
the statutory prohibition on contracts that adversely affect the
safety and soundness of insured depository institutions.
Memorandum and resolution re: Proposed amendments to Part 325 of
the Corporation's rules and regulations, entitled ``Capital
Maintenance,'' which would, in implementing section 208 of the
Riegle Community Development and Regulatory Improvement Act of 1994,
have the effect of lowering the capital requirement for small
business loans and leases on personal property that have been
transferred with recourse by qualified insured depository
institutions.
Memorandum and resolution re: Final amendments to Part 325 of
the Corporation's rules and regulations, entitled ``Capital
Maintenance,'' which will, in implementing section 350 of the Riegle
Community Development and Regulatory Improvement Act of 1994, have
the effect of correcting the anomaly that currently exists in the
risk-based capital treatment of recourse transactions under which an
institution would be required to hold capital in excess of the
maximum amount of loss possible under the contractual terms of the
recourse obligation.
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. [[Page 14484]]
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: March 14, 1995.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Acting Executive Secretary.
[FR Doc. 95-6743 Filed 3-15-95; 8:45 am]
BILLING CODE 6714-01-M
