The FDIC Board of Directors has issued for public comment a revised Part 344 regulation concerning securities transaction recordkeeping and confirmations. In preparing the proposed amendments, the FDIC considered the comments received in response to its Advance Notice of Proposed Rulemaking (see FIL-32-96, dated May 29, 1996). The FDIC made several changes to the proposed rule in response to these comments. Two of the changes are particularly significant.
A copy of the Federal Register notice describing the proposed amendments is attached. The FDIC will accept written comments through January 23, 1997. For more information, please contact Miguel D. Browne, Manager, Division of Supervision, (202) 898-6789; John F. Harvey, Review Examiner (Trust), Division of Supervision, (202) 898-6762; or Patrick J. McCarty, Counsel, Legal Division (202) 898-8708. Nicholas J. Ketcha Jr. Attachment Distribution: Insured Commercial Banks and FDIC-Supervised Savings Banks Note: Paper copies of FDIC financial institution letters may be obtained through the FDIC’s Public Information Center, 801 17th St., NW, Room 100, Washington, D.C. 200434 ((703) 562-2200 or 800-276-6003). |
Notes