[Federal Register Volume 63, Number 226 (Tuesday, November 24, 1998)]
[Rules and Regulations]
[Page 64841]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-31354]
========================================================================
Rules and Regulations
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains regulatory documents
having general applicability and legal effect, most of which are keyed
to and codified in the Code of Federal Regulations, which is published
under 50 titles pursuant to 44 U.S.C. 1510.
The Code of Federal Regulations is sold by the Superintendent of Documents.
Prices of new books are listed in the first FEDERAL REGISTER issue of each
week.
========================================================================
Federal Register / Vol. 63, No. 226 / Tuesday, November 24, 1998 /
Rules and Regulations
[[Page 64841]]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
12 CFR Part 204
[Regulation D; Docket No. R-1024]
Reserve Requirements of Depository Institutions
Agency
Board of Governors of the Federal Reserve System (Board).
Action
Final rule; technical amendment.
-----------------------------------------------------------------------
Summary
The Board is amending Regulation D (Reserve Requirements of Depository Institutions) to remove the definition of De novo depository institution. The definition is not used in the Regulation.
EFFECTIVE DATES: November 24, 1998.
For Further Information Contact
Rick Heyke, Senior Attorney, Legal Division (202/452-3688). For the hearing impaired only, Telecommunications Device for the Deaf (TDD), Diane Jenkins (202/452- 3544).
Supplementary Information
Background
Section 204.2(p) of the Board's Regulation D (12 CFR part 204) defines De novo depository institution to mean a depository institution that was not in business on July 1, 1979, and was not the successor by merger or consolidation to a depository institution that was in business before the merger or consolidation. The definition is not used in the Regulation. Accordingly, the Board is removing it.
List of Subjects in 12 CFR Part 204
Banks, banking, Federal Reserve System, Reporting and recordkeeping requirements.
For the reasons set forth in the preamble, the Board is amending part 204 in chapter II of title 12 of the Code of Federal Regulations as follows:
PART 204--RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS (REGULATION D)
1.The authority citation for part 204 continues to read as follows:
Authority: 12 U.S.C. 248(a), 248(c), 371a, 461, 601, 611, and 3105.
2. In Sec. 204.2, paragraph (p) is removed and reserved.
By order of the Secretary of the Board, acting pursuant to delegated authority for the Board of Governors of the Federal Reserve System, November 18, 1998. Jennifer J. Johnson, Secretary of the Board. [FR Doc. 98-31354 Filed 11-23-98; 8:45 am] BILLING CODE 6210-01-P