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FTC RIN: 3084-AA99 Publication ID: Fall 2010 
Title: The Federal Deposit Insurance Corporation Improvement Act of 1991  
Abstract: This rulemaking is related to RIN 3084-AA44, which was withdrawn in 2000. The FDICIA assigns to the FTC responsibilities for certain non-federally insured depository institutions (DIs). The FTC is required to prescribe by regulation or order the manner and content of certain disclosures required of DIs that lack Federal deposit insurance. The Departments of Commerce, Justice, State, and Related Agencies Appropriations Act of 1993, containing the Commission's appropriation for 1993, provided that none of the funds were available for expenses authorized by section 151 of FDICIA. Legislation containing the Commission's appropriation for fiscal years 1994 to 2003 contained the same provision. However, the Consolidated Appropriations Act of 2004 and 2005 did not include the provision prohibiting the FTC from spending funds on the tasks imposed by section 151 of FDICIA. The Commission published a notice of proposed rulemaking (NPRM) requesting public comments on proposed disclosure requirements to implement section 151 on March 16, 2005 (70 FR 12823). The comment period ended on June 15, 2005. The Commission issued a supplemental NPRM on March 13, 2009 (74 FR 10843). The comment period closed on June 5, 2009. The Commission issued a final rule on June 4, 2010, effective July 6, 2010 (75 FR 31682). The rule requires depository institutions without federal deposit insurance to disclose that information to consumers. The rule also requires institutions without such insurance to disclose that they are not federally insured and that the government does not guarantee consumers will get their money back if the institution fails. The disclosures must be made on account statements, in advertising, and inside branches at deposit windows. 
Agency: Federal Trade Commission(FTC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 16 CFR 320   
Legal Authority: 12 USC 1811 et seq   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  03/16/2005  70 FR 12823   
NPRM Comment Period End  06/15/2005    
Revised NPRM  03/13/2009  74 FR 10843   
Revised NPRM Comment Period End  06/05/2009    
Final Rule  06/04/2010  75 FR 31682   
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Related to 3084-AA44 
Agency Contact:
Hampton Newsome
Attorney
Federal Trade Commission
Bureau of Consumer Protection, 600 Pennsylvania Avenue NW,
Washington, DC 20580
Phone:202 326-2889
Email: hnewsome@ftc.gov