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Title 12—Banks and Banking
(Part 300 to End)
CHAPTER 11—Federal Deposit Insurance Corporation .
CHAPTER IV-Export-Import Bank of the United States
CHAPTER III-FEDERAL DEPOSIT INSURANCE
SUBCHAPTER A-PROCEDURE AND RULES OF PRACTICE
Part 300 301 302 303 304 305 306 307 308 309
SUBCHAPTER B-REGULATIONS AND STATEMENTS OF GENERAL POLICY
325 326 327 328 329 330 331 332 333 334 335 336 337 339
SUBCHAPTER A PROCEDURE AND RULES OF PRACTICE
PART 300 [Reserved)
PART 301-INTRODUCTORY & 301.1 Scope.
The rules contained in this subchapter are promulgated pursuant to the provisions of Subchapter II of Chapter 5 of Title 5, United States Code, the Federal Deposit Insurance Act (12 U.S.C. 18111831), and other applicable laws. In accordance 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 general course and method by which the Corporation's functions are channeled and determined, including the nature and requirements of all formal and informal 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, reports, 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 current description of the Corporation's central and field organization is separately published in the FEDERAL REGISTER. Proceedings by the Corporation within the meaning of this subchapter include:
(a) The formulation and promulgation of rules and regulations, including amendments thereto or the repeal thereof;
(b) The disposition of applications, requests, and submittals;
(c) Formal and informal hearings and adjudications. (Sec. 9, 64 Stat. 881: 12 U.S.C. 1819) [32 F.R. 9638, July 4, 1967, as amended at 36 F.R. 3112, Feb. 18, 1971)
AUTHORITY: The provisions of this Part 302 issued under sec. 9, 64 Stat. 881; 12 U.S.C. 1819.
SOURCE: The provisions of this Part 302 appear at 15 F.R. 8628, Dec. 6, 1950, unless otherwise noted. 8 302.1 Notice.
General notice or proposed rule making, 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 involved, reference to the authority under which the rule is proposed, and a statement 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 making 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 recommendations 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. 115 F.R. 8628, Dec. 6, 1950, as amended at 38 FR 14263, May 31, 1973) $ 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. (15 FR 8628, Dec. 6, 1950, as amended at 38 FR 14263, May 31, 1973)
PART 302—FORMULATION AND
PROMULGATION OF RULES AND
REGULATIONS Bec. 302.1 Notice. 302.2 Public participation. 302.3 Formulation of rules. 302.4 Petitions. 302.5 Effective date. 302.6 Exceptions. 302.7 Amendment and repeal.