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FDIC RIN: 3064-AF74 Publication ID: Spring 2024 
Title: Limits on Extensions of Credit to Executive Officer, Directors, and Principal Shareholders of Insured Nonmember Banks 
Abstract:

In response to a proposed comprehensive revision of 12 CFR part 215, Loans to Executive Officers, Directors, And Principal Shareholders of Member Banks (Regulation O) by the FRB, the FDIC is issuing a counterpart notice of proposed rulemaking to amend 12 CFR 337.3 of FDIC Regulations, which implements insider lending restrictions with respect to state nonmember banks.

 
Agency: Federal Deposit Insurance Corporation(FDIC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 337.3   
Legal Authority: secs. 22(g) and (h) of the Federal Reserve Act (12 U.S.C. 375a & 375b)    secs. 9 and 18(j) of the Federal Deposit Insurance Act (12 U.S.C. 1819 and 1828(j))   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  To Be Determined 
Additional Information: Email: comments@fdic.gov. Please include RIN 3064-AF74 in the subject line of correspondence.
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: https://www.fdic.gov/regulations/laws/federal/   Public Comment URL: https://www.fdic.gov/regulations/laws/federal/  
RIN Data Printed in the FR: No 
Agency Contact:
Mark A. Mellon
Counsel, Legal Division
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-3884
Email: mmellon@fdic.gov