View Rule

View EO 12866 Meetings

Printer-Friendly Version Download RIN Data in XML

TREAS/FMS

RIN: 1510-AA42

Publication ID: Fall 1997

Title: Depositaries and Financial Agents of the Government
Abstract: This regulatory action revises regulations governing the designation of Depositaries and Financial Agents of the Government; their authorization to accept deposits of public money and perform other specific services; and the securing of public money. The proposed revisions update, clarify, and simplify current requirements, but do not change them. Outdated references to specific acceptable insurers are deleted. Existing language concerning the types and valuation of acceptable collateral securities and the authorization for depositaries to perform services other than acceptance of insured deposits is clarified. In addition, various references are updated.
Agency: Department of the Treasury(TREAS)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Completed Actions
Major: No	Unfunded Mandates: No
CFR Citation: 31 CFR 202
Legal Authority: 12 USC 90 12 USC 265 12 USC 266 12 USC 391 12 USC 1452(d) 12 USC 1464(k) 12 USC 1789a 12 USC 2013 12 USC 2122 12 USC 3101 12 USC 3102 31 USC 3303 31 USC 3336

Timetable:

Action	Date	FR Cite
NPRM	06/21/1996	61 FR 31879
NPRM Comment Period End	08/05/1996	61 FR 31879
Final Action	08/27/1997	62 FR 45520
Final Action Effective	09/26/1997

Regulatory Flexibility Analysis Required: No	Government Levels Affected: Federal
Included in the Regulatory Plan: No
Agency Contact: Michael Dressler Bank Management Team Leader, Financial Services Division Department of the Treasury Financial Management Service Room 312A, 401 14th Street SW., Washington, DC 20227 Phone:202 874-7092