Request for Public Comment on a Proposed Rule that Implements Provisions of the Gramm-Leach-Bliley

Federal Reserve Bank Of Dallas

Informations

• Publié par: Ernae
• Nombre de lectures: 26
• Langue: English

Extrait

Federal Reserve Bank
ll K
of Dallas
DALLAS, TEXASMay 30, 2000
75265-5906
Notice 2000-31
TO: The Chief Executive Officer of each
financial institution and others concerned
in the Eleventh Federal Reserve District
SUBJECT
Request for Public Comment
on a Proposed Rule that Implements Provisions
of the Gramm-Leach-Bliley Act
DETAILS
The Board of Governors of the Federal Reserve System, the Office of the Comptroller
of the Currency, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision
have requested comment on a proposed rule that implements provisions of the recently enacted
Gramm-Leach-Bliley Act. These provisions require nongovernmental entities or persons, insured
depository institutions, and affiliates of insured depository institutions that are parties to certain
agreements in fulfillment of the Community Reinvestment Act to
• make agreements available to the public and the appropriate agency and
• file annual reports about the agreements with the appropriate agency.
The agencies solicit comments on all aspects of the proposed rule and will issue a
final rule after considering comments received.
The Board must receive comments by July 21, 2000. Please address comments to
Jennifer J. Johnson, Secretary, Board of Governors of the Federal Reserve System, 20th and C
Streets, N.W., Washington, DC 20551. Also, you may mail comments electronically to
[e-mail]. All comments should refer to Docket No. R-1069.
ATTACHMENT
A copy of the Board’s notice as it appears on pages 31962–2002, Vol. 65, No. 98 of
the Federal Register dated May 19, 2000, is attached.
For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal
Reserve Bank of Dallas: Dallas Office [phone]; El Paso Branch Intrastate [phone], Interstate [phone];
Houston Branch Intrastate [phone], Interstate [phone]; San Antonio Branch Intrastate [phone].
- 2 -
MORE INFORMATION
For more information, please contact Eugene Coy, Banking Supervision Department,
[phone]. For additional copies of this Bank’s notice, contact the Public Affairs Depart-
ment at [phone] or access District Notices on our web site at
http://www.dallasfed.org/banking/notices/index.html.Friday,
May 19, 2000
Part II
Department of the
Treasury
Office of the Comptroller of the
Currency
Office of the Thrift Supervision
Federal Reserve System
Federal Deposit
Insurance Corporation
12 CFR Parts 35, 207, 346, 533
Disclosure and Reporting of CRA-Related
Agreements; Proposed Rule
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The rule also describes how the parties concerning this option may be foundDEPARTMENT OF THE TREASURY
to a covered agreement must make the below at the ‘‘FDIC’s Electronic Public
Office of the Comptroller of the agreement available to the public and Comment Site.’’ Comments also may be
Currency the appropriate agencies and explains mailed electronically to
the type of information that must be [e-mail].
12 CFR Part 35 included in the annual report filed by a OTS: Send comments to Manager,
party to a covered agreement. Dissemination Branch, Information
[Docket No. 00–11]
The agencies solicit comments on all Management & Services Division, Office
aspects of the proposed rule, including of Thrift Supervision, 1700 G Street,RIN 1557–AB85
the specific areas discussed below. The NW, Washington, DC 20552, Attention
FEDERAL RESERVE SYSTEM agencies will issue a final rule after Docket No. 2000–44. Hand deliver
considering comments received. comments to Public Reference Room,
12 CFR Part 207 1700 G Street, NW, lower level, from 9DATES: Comments must be received on
a.m. to 5 p.m. on business days. Sendor before July 21, 2000.[Regulation G; Docket No. R–1069]
facsimile transmissions to FAX number
ADDRESSES:
(202) 906–7755 or (202) 906–6959 (if theFEDERAL DEPOSIT INSURANCE OCC: Comments should be addressed
comment is over 25 pages). Send e-mailsCORPORATION to Communications Division, Office of
to [e-mail] and includethe Comptroller of the Currency, 250 E
your name and telephone number.12 CFR Part 346 Street, SW, Third floor, Washington, DC
Interested persons may inspect20219, Attention: Docket No. 00–11. In
RIN 3064–AC33 comments at 1700 G Street, NW, fromaddition, comments may be sent by
10 a.m. until 4 p.m. on Tuesdays andfacsimile transmission to fax numberDEPARTMENT OF THE TREASURY Thursdays.(202) 874–5274 or by Internet mail to
[e-mail]. FOR FURTHER INFORMATION CONTACT:Office of Thrift Supervision
Comments will be available for public OCC: Michael S. Bylsma, Director,
inspection and photocopying at the Community and Consumer Law (202)12 CFR Part 533
same location. 874–5750; or Karen O. Solomon,
[Docket No. 2000–44] Board: Comments directed to the Director, Legislative and Regulatory
Board should refer to Docket No. R– Activities (202) 874–5090.
RIN 1550–AB32 1069 and may be mailed to Ms. Jennifer Board: Scott G. Alvarez, Associate
J. Johnson, Secretary, Board of General Counsel (202) 452–3583, KieranDisclosure and Reporting of CRA-
Governors of the Federal Reserve J. Fallon, Senior Counsel (202) 452–Related Agreements
System, 20th and C Streets, NW, 5270, or Andrew Miller, Senior
AGENCIES: Office of the Comptroller of Washington, DC 20551 or mailed Attorney (202) 452–3428, Legal
the Currency (OCC); Board of Governors electronically to Division; Glenn E. Loney, Deputy
of the Federal Reserve System (Board); [e-mail]. Director (202) 452–3585, or James H.
Federal Deposit Insurance Corporation Comments addressed to Ms. Johnson Mann, Attorney (202) 452–3667,
(FDIC); Office of Thrift Supervision also may be delivered to the Board’s Division of Consumer and Community
(OTS). mailroom between 8:45 a.m. and 5:15 Affairs; Board of Governors of the
p.m. and, outside those hours, to the Federal Reserve System, 20th Street andACTION: Joint notice of proposed
security control room. Both the Constitution Avenue, NW, Washington,rulemaking.
mailroom and the security control room DC 20551. For users of
SUMMARY: The OCC, Board, FDIC, and are accessible from the Eccles Building Telecommunications Device for the Deaf
OTS (collectively, the agencies) are courtyard entrance, located on 20th (‘‘TDD’’) only, contact Janice Simms at
requesting comment on a proposed rule Street between Constitution Avenue and (202) 452–4984.
that implements provisions of the FDIC: Deanna S. Caldwell,C Street, NW. Members of the public
recently enacted Gramm-Leach-Bliley Community Affairs Officer (202) 736–may inspect comments in room MP–500
Act (the GLB Act or the Act). These 0141; A. Ann Johnson, Counsel,of the Martin Building between 9:00
provisions require nongovernmental Regulation and Legislation Section (202)a.m. and 5 p.m. on weekdays.
entities or persons, insured depository 898–3573; or Joan M. Bateman, ReviewFDIC: Written comments should be
institutions, and affiliates of insured Examiner (202) 736–0187.addressed to Robert E. Feldman,
depository institutions that are parties OTS: Richard Bennett, CounselExecutive Secretary, Attention:
to certain agreements that are in (Banking and Finance), (202) 906–7409;Comments/OES, Federal Deposit
fulfillment of the Community Karen Osterloh, Assistant ChiefInsurance Corporation, 550 17th Street,
Reinvestment Act of 1977 to make the Counsel, (202) 906–6639; or Richard R.NW, Washington, DC 20429. Comments
agreements available to the public and Riese, Director, Compliance Policy,may be hand delivered to the guard
the appropriate agency and file annual (202) 906–6134, Office of Thriftstation at the rear of the 550 17th Street
reports concerning the agreements with Supervision, 1700 G Street, NW,Building (located on F Street) on
the appropriate agency. These Washington, DC 20552.business days between 7 a.m. and 5 p.m.
provisions are contained in section 711 (Fax number: (202) 898–3838). SUPPLEMENTARY INFORMATION:
of the Act and are codified as section 48 Comments may be inspected and
I. Executive Summary of Proposed Ruleof the Federal Deposit Insurance Act photocopied in the FDIC Public
(FDI Act). Information Center, Room 100, 801 17th Section 711 of the GLB Act (Pub. L.
The rule identifies the types of 106–102, 113 Stat. 1338 (1999)) added aStreet, NW, Washington, DC, between 9
written agreements that are covered by new section 48 to the FDI Act (12 U.S.C.a.m. and 4:30 p.m. on business days.
section 711 of the GLB Act (referred to Comments may be submitted 1831y) entitled ‘‘CRA Sunshine
as covered agreements) and defines electronically over the Internet at Requirements.’’ Section 711 applies to
many of the terms used in the statute. www.fdic.gov. Further information written agreements that (1) are made in
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fulfillment of the Community performance, providing community agreements entered into after November
1Reinvestment Act of 1977 (CRA), (2) development services, making CRA