[Federal Register Volume 85, Number 68 (Wednesday, April 8, 2020)]
[Proposed Rules]
[Pages 19706-19707]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-07322]


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FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Parts 303 and 337

RIN 3064-AE94


Unsafe and Unsound Banking Practices: Brokered Deposits 
Restrictions; Extension of Comment Period

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice of proposed rulemaking: Extension of comment period.

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SUMMARY: On February 10, 2020, the FDIC published in the Federal 
Register a Notice of Proposed Rulemaking (NPR) entitled ``Unsafe and 
Unsound Banking Practices: Brokered Deposits Restrictions,'' proposing 
revisions to its regulations relating to the brokered deposits 
restrictions that apply to less than well capitalized insured 
depository institutions. The NPR provided for a 60-day comment period, 
which would have closed on April 10, 2020. The FDIC has determined that 
an extension of the comment period until June 9, 2020, is appropriate. 
This action will allow interested parties additional time to analyze 
the proposal and prepare comments.

DATES: The comment period for the brokered deposits-related NPR 
published on February 10, 2020 (85 FR 7453),\1\ is extended from April 
10, 2020, to June 9, 2020.
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    \1\ 85 FR 7453 (Feb. 10, 2020).

ADDRESSES: You may submit comments, identified by RIN 3064-AE94, on the 
notice of proposed rulemaking using any of the following methods:
     Agency website: https://www.fdic.gov/regulations/laws/federal/. Follow the instructions for submitting comments on the agency 
website.
     Email: [email protected]. Include ``RIN 3064-AE94'' in the 
subject line.
     Mail: Robert E. Feldman, Executive Secretary, Attention: 
Comments/RIN 3064-AE94, Federal Deposit Insurance Corporation, 550 17th 
Street NW, Washington, DC 20429.

[[Page 19707]]

     Hand Delivery: Comments may be hand delivered to the guard 
station at the rear of the 550 17th Street NW building (located on F 
Street) on business days between 7 a.m. and 5 p.m.
     Public Inspection: All comments received, including any 
personal information provided, will be posted generally without change 
to https://www.fdic.gov/regulations/laws/federal.

FOR FURTHER INFORMATION CONTACT: Division of Risk Management 
Supervision: Rae-Ann Miller, Associate Director, (202) 898-3898, 
[email protected]. Legal Division: Vivek V. Khare, Counsel, (202) 898-
6847, [email protected].

SUPPLEMENTARY INFORMATION: On February 10, 2020, the FDIC published in 
the Federal Register \2\ an NPR proposing revisions to the brokered 
deposits-related regulations implementing Section 29 of the FDI Act.\3\
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    \2\ 85 FR 7453.
    \3\ 12 U.S.C. 1831f.
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    The NPR stated that the comment period would close on April 10, 
2020. The FDIC has received requests to extend the comment period. An 
extension of the comment period will provide additional opportunity for 
the public to prepare comments to address the matters raised by the 
NPR. Therefore, the FDIC is extending the comment period for the 
brokered deposits-related NPR from April 10, 2020, to June 9, 2020.

Federal Deposit Insurance Corporation.

    Dated at Washington, DC, on April 2, 2020.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2020-07322 Filed 4-7-20; 8:45 am]
 BILLING CODE 6714-01-P