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Assessments

FDIC · final-rule · Published 1996-12-10 · Effective 1997-01-01 · 61 FR 64960

Document

Document number
96-31207
Federal Register citation
61 FR 64960
CFR reference
12 CFR 327
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Deposit Insurance Corporation
Publication date
1996-12-10
Effective date
1997-01-01

Abstract

The FDIC is amending its assessment regulations by adopting interpretive rules pertaining to transactions in which an institution belonging to one insurance fund acquires deposits that are treated as insured by the other insurance fund (Oakar transactions). The FDIC is codifying and refining its procedures for determining the amount of the deposits so acquired and for attributing the deposits to the two insurance funds. In addition, recent merger and branch-sale cases have revealed certain weaknesses in the FDIC's procedures for computing the growth of the amounts so attributed. The interpretive rules repair those weaknesses. The FDIC is also simplifying and clarifying the existing rule by making changes in nomenclature.

Source

Authoritative
Federal Register document
Machine
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