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Part 337 339 341 342

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Unsafe and unsound banking practices......

230
Loans in areas having special flood hazards...

233 Registration of transfer agents....

235 Applications for a stay or review of actions of bank clearing agencies

...... 246 Insured State nonmember banks which are municipal securities dealers .....

247

343

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therein a concise general statement of its basis and purpose. (15 FR 8628, Dec. 6, 1950, as amended at 38 FR 14263, May 31, 1973)

8 302.4 Petitions.

Any interested person may petition the Corporation for the issuance, amendment, or repeal of any rule by submitting such petition in writing together with a complete and concise statement of the petitioner's interest in the subject matter and the reasons why the petition should be granted. Such petition should be submitted to the Executive Secretary of the Corporation.

Sec. 303.4 Application by insured State non

member bank to reduce or retire capital. 303.5 Application for conversion, merger,

consolidation, assumption, and sale of

asset transactions. 303.6 Application by insured State non

member bank to extend its corporate or

charter powers. 303.7 Application to continue or resume in

sured status. 303.8 Application for exemption from or

exception to advertising requirements. 303.9 Other applications. 303.10 Procedure on applications. 303.11 Delegation of authority to act on

certain applications. 303.12 Applications where authority is not

delegated. 303.13 Other delegations of authority. 303.14 Application procedures.

AUTHORITY: Secs. 5, 6, 8, 9, 18, 19, 64 Stat. 876, 879, 881, 891, 893; 12 U.S.C. 1815, 1816, 1818, 1819, 1828, 1829.

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8 302.6 Exceptions.

Whenever the Corporation finds that notice of, and public participation in, rule making is impracticable, unnecessary, or contrary to the public interest, or there is good cause why the effective date of any rule should not be deferred for thirty (30) days, the provisions of $8 302.1, 302.2, and 302.5 shall not apply; and any such rule when published will incorporate the finding and a brief statement of the reasons therefor.

§ 303.1 Application by nonmember bank'

for deposit insurance. Application for deposit insurance by an existing or proposed State nonmember bank should be filed with the Regional 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 existing bank must be accompanied by separate applications for the consent of the Corporation to the continued operation of each branch which it proposes to continue to operate. Any such application by a proposed bank must be accompanied by a separate application for the consent of the Corporation to establish and operate each proposed branch. The appropriate forms of application and instructions for completing the same may be obtained upon request from the Regional Director of the Region in which the application originates. (See Part 304 of this title for list of forms and instructions.)

8 302.7 Amendment and repeal.

The right to alter, amend, or repeal the whole or any part of any rule except as otherwise provided by law, is expressly reserved.

PART 303-APPLICATIONS, REQUESTS, AND SUBMITTALS

(32 FR 10556, July 19, 1967, as amended at 36 FR 1248, Jan. 27, 1971)

Sec. 303.1 Application by nonmember bank for

deposit insurance. 303.2 Application by insured State non

member bank to establish a branch. 303.3 Application by insured State non

member bank to move main office or branch.

1A nonmember bank is a bank which is not a member of the Federal Reserve System.

8 303.2 Application by insured State non

member bank to establish a branch. 2 Application by an insured State nonmember bank (except a District bank) to establish and operate a new branch should be filed with the Regional Director of the Federal Deposit Insurance Corporation Region in which the bank is located. The appropriate form of application and instructions for completing the same may be obtained upon request from the Regional Director of the Region in which the application originates. (See Part 304 of this title for list of forms and instructions.) (32 FR 10556, July 19, 1967, as amended at 36 FR 1248, Jan. 27, 1971; 36 FR 3112, Feb. 18, 1971)

State nonmember bank (except a trict bank) should be filed with Regional Director of the Federal posit Insurance Corporation Regia which the bank is located. The ap priate form of application and inst tions for completing the same ma obtained upon request from the gional Director of the Region in w the application originates. (See 304 of this title for list of forms instructions.) (32 FR 10556, July 19, 1967, as amende 36 FR 1248, Jan. 27, 1971]

conver:

§ 303.3 Application by insured State non

member bank to move main office or

branch. Application for the consent of the Corporation to move the main office or branch of an insured State nonmember bank (except a District bank) should be filed with the Regional Director of the Federal Deposit Insurance Corporation Region in which the bank is located. The appropriate form of application and instructions for completing the same may be obtained upon request from the Regional Director of the Region in which the application originates. (See Part 304 of this title for list of forms and instructions.) (32 FR 10556, July 19, 1967, as amended at 36 FR 1248, Jan. 27, 1971)

8 303.5 Application for

merger, consolidation, assumption

sale of asset transactions. (a) With noninsured bank or inst tion. Application by an insured b for the consent of the Corporation merge or consolidate with a no sured bank or institution, or to con into a noninsured institution, or assume liability to pay any depa made in, or similar liabilities of, noninsured bank or institution, on transfer assets to any noninsured b: or institution in consideration of assumption of liability for any port of the deposits made in such insu bank, together with copies of all ag ments or proposed agreements re ing thereto, should be filed with Regional Director of the Federal posit Insurance Corporation Regioi which the insured bank is located. appropriate form of application instructions for completing the fo

well as instructions concerr notice to depositors, may be obtai upon request from the office of Regional Director.

(b) Conversion with diminution capital or surplus. Application for appropriate form of application into an insured State nonmem bank (except a District bank)-W the conversion will result in the verted bank's having less capital st or surplus than the converted ban) the time of the shareholders' meet approving such conversion-toget with copies of the charter and/or a cles of association of the conver bank, should be filed with the Reg al Director of the Federal Deposit surance Corporation Region in wh the insured bank is located. The

as

§ 303.4 Application by insured State non

member bank to reduce or retire capi

tal. Application for the consent of the Corporation to the reduction in the amount, or retirement of any part, of the common or preferred capital stock, or retirement of any of the capital notes or debentures, of an insured

2“The term 'branch' includes any branch bank, branch office, branch agency, additional office, or any branch place of business located in any State of the United States or in any Territory of the United States, Puerto Rico, Guam, American Samoa, or the Virgin Islands at which deposits are received or checks paid or money lent." (Sec. 3(0) of the Federal Deposit Insurance Act, as amended (12 U.S.C. 1813(0)).

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