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PART 300 [RESERVED]

PART 301-INTRODUCTORY

§ 301.1

The rules contained in this subchapter

are promulgated pursuant to the provi-

sions of Subchapter II of Chapter 5 of

Title 5, United States Code, the Federal

Deposit Insurance Act (12 U.S.C. 1811-

1831), and other applicable laws. In ac-

cordance with the provisions of section

552(a)(1) of Title 5, United States Code

they state (1) the established places at
which, the officers from whom, and the
methods whereby, the public may secure
information, make submittals or re-
quests, or obtain decisions, (2) the gen-
eral course and method by which the
Corporation's functions are channeled
and determined, including the nature
and requirements of all formal and in-
formal procedures available, and (3)
rules of procedure, descriptions of forms
available, or the places at which forms
may be obtained, and instructions as to
the scope and contents of all papers, re-
ports, or examinations, except to the
extent exempted by law. This subchapter
also includes appropriate provisions with
respect to rule making, adjudications,
and hearings, as prescribed by law. A cur-
rent description of the Corporation's
central and field organization is sepa-
rately published in the FEDERAL REGISTER.
Proceedings by the Corporation within
the meaning of this subchapter include:

(a) The formulation and promulga-
tion of rules and regulations, including
amendments thereto or the repeal there-

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General notice or proposed rule mak-

ing, including amendments thereto or

repeal thereof, will be published in the

FEDERAL REGISTER, except as specified in

§ 302.6, or otherwise excepted by law.

Such notice will include either the terms

or substance of the proposed rule or a
description of the subjects and issues in-
volved, reference to the authority under
which the rule is proposed, and a state-
ment of the time, place, and nature of
the public proceedings for making the
rule.

§ 302.2 Public participation.

Interested persons will be afforded an
opportunity to participate in the mak-
ing of any rule, except as specified in
§ 302.6, or otherwise excepted by law,
through the submission of written data,
views, or arguments, unless the board of
directors shall specifically provide an
opportunity for the oral presentation
thereof.

§ 302.3 Formulation of rules.

After consideration of all relevant
matter presented, the duly constituted
committees will submit their recommen-
dations to the board of directors and, in
collaboration with appropriate Divisions,
will prepare drafts of any proposed rules
or amendments. The board of directors
will take such action thereon as it deems
appropriate and in any rule adopted will
incorporate therein a concise general
statement of its basis and purpose.

[15 F.R. 8628, Dec. 6, 1950, as amended at
38 FR 14263, May 31, 1973]

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SUBCHAPTER A-PROCEDURE AND RULES OF PRACTICE

PART 300 [RESERVED]

PART 301-INTRODUCTORY

re-

The rules contained in this subchapter

are promulgated pursuant to the provi-

sions of Subchapter II of Chapter 5 of

Title 5, United States Code, the Federal

Deposit Insurance Act (12 U.S.C. 1811-

1831), and other applicable laws. In ac-

cordance with the provisions of section

552(a)(1) of Title 5, United States Code

they state (1) the established places at
which, the officers from whom, and the
methods whereby, the public may secure
information, make submittals or
quests, or obtain decisions, (2) the gen-
eral course and method by which the
Corporation's functions are channeled
and determined, including the nature
and requirements of all formal and in-
formal procedures available, and (3)
rules of procedure, descriptions of forms
available, or the places at which forms
may be obtained, and instructions as to
the scope and contents of all papers, re-
ports, or examinations, except to the
extent exempted by law. This subchapter
also includes appropriate provisions with
respect to rule making, adjudications,
and hearings, as prescribed by law. A cur-
rent description of the Corporation's
central and field organization is sepa-
rately published in the FEDERAL REGISTER.
Proceedings by the Corporation within
the meaning of this subchapter include:

(a) The formulation and promulga-
tion of rules and regulations, including
amendments thereto or the repeal there-

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General notice or proposed rule mak-

ing, including amendments thereto or

repeal thereof, will be published in the

FEDERAL REGISTER, except as specified in

§ 302.6, or otherwise excepted by law.

Such notice will include either the terms

or substance of the proposed rule or a
description of the subjects and issues in-
volved, reference to the authority under
which the rule is proposed, and a state-
ment of the time, place, and nature of
the public proceedings for making the
rule.

§ 302.2 Public participation.

Interested persons will be afforded an
opportunity to participate in the mak-
ing of any rule, except as specified in
§ 302.6, or otherwise excepted by law,
through the submission of written data,
views, or arguments, unless the board of
directors shall specifically provide an
opportunity for the oral presentation
thereof.

§ 302.3

Formulation of rules.

After consideration of all relevant
matter presented, the duly constituted
committees will submit their recommen-
dations to the board of directors and, in
collaboration with appropriate Divisions,
will prepare drafts of any proposed rules
or amendments. The board of directors
will take such action thereon as it deems
appropriate and in any rule adopted will
incorporate therein a concise general
statement of its basis and purpose.

[15 F.R. 8628, Dec. 6, 1950, as amended at
38 FR 14263, May 31, 1973]

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Application for deposit insurance by

an existing or proposed State nonmem-

ber bank should be filed with the Re-

gional Director of the Federal Deposit

Insurance Corporation Region in which

the bank or proposed bank is or will be

located. Any such application by an ex-

isting bank must be accompanied by
separate applications for the consent of

the Corporation to the continued opera-

tion of each branch which it proposes to

continue to operate. Any such applica-

tion by a proposed bank must be accom-

panied by a separate application for the

consent of the Corporation to establish

and operate each proposed branch. The

appropriate forms of application and in-
structions for completing the same may

be obtained upon request from the Re-

gional Director of the Region in which

the application originates. (See Part 304

of this title for list of forms and

instructions.)

[32 F.R. 10556, July 19, 1967, as amended at

36 F.R. 1248, Jan. 27, 1971]

§ 303.2 Application by insured State
nonmember bank to establish a

branch.'

Application by an insured State non-

member bank (except a District bank)

to establish and operate a new branch

should be filed with the Regional Direc-

tor of the Federal Deposit Insurance Cor-

poration Region in which the bank is

located. The appropriate form of ap-

plication and instructions for complet-

ing the same may be obtained upon re-

quest from the Regional Director of the

Region in which the application orig-

inates. (See Part 304 of this title for list

of forms and instructions.)

[32 F.R. 10556, July 19, 1967, as amended at

36 F.R. 1248, Jan. 27, 1971; 36 F.R. 3112, Feb.

18, 1971]

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