[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]



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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, 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