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Applications, Requests, Submittals, Delegations of Authority, and Notices Required to be Filed by Statute or Regulation

FDIC · final-rule · Published 1997-04-08 · Effective 1997-04-08 · 62 FR 16662

Document

Document number
97-8827
Federal Register citation
62 FR 16662
CFR reference
12 CFR 303
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Deposit Insurance Corporation
Publication date
1997-04-08
Effective date
1997-04-08

Abstract

The Federal Deposit Insurance Corporation (FDIC) is amending the definition of ``appropriate FDIC regional office'' and other related terms contained in its applications regulation to change the way the FDIC designates the appropriate regional office for purposes of filing applications, requests, submittals, and notices. The amendment relates to a realignment of the FDIC's regional office operations. As a result, the FDIC Division of Supervision (DOS) and the Division of Compliance and Consumer Affairs (DCA) will supervise groups of related insured institutions from one FDIC regional office. The designated regional office for a group of institutions will, except in rare circumstances, be the one in which the group's major policy and decision makers are located. This location will coincide with the headquarters location of holding companies or lead institutions in most instances. Realigning operations in this manner will streamline supervision processes and simplify communication channels. All supervisory matters processed in regional offices, including applications and administrative actions, that involve insured institutions within a group of related institutions will be processed in the designated FDIC regional office. Applications will be submitted directly to the FDIC regional office assigned supervisory responsibility for the group. The regulation makes no change in the location of the appropriate region for institutions that are not part of a group or when a group of related institutions are located within one region.

Source

Authoritative
Federal Register document
Machine
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