# FDIC FIL-82-2002: MERGER APPLICATIONS

> Federal · Agency guidance · Superseded

URL: https://www.frixlaw.com/law-library/statutes/FDIC_FIL02082

## Section

- **Citation:** FDIC FIL-82-2002
- **Heading:** MERGER APPLICATIONS
- **Jurisdiction:** Federal
- **Kind:** Agency guidance
- **Status:** Superseded
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** FDIC Financial Institution Letters / MERGER APPLICATIONS

## Text

48178
Federal Register / Vol. 67, No. 141 / Tuesday, July 23, 2002 / Notices
Agency has chosen to address the risks
that remain for alkyl-lead through
voluntary efforts under its PBT
pollutants program. It is likely that
further reductions in exposures to these
chemicals will come only through
product substitution and voluntary
measures.
List of Subjects
Environmental protection, Alkyl-lead,
PBT.
Dated: June 10, 2002.
Stephen L. Johnson,
Assistant Administrator for Prevention,
Pesticides and Toxic Substances.
[FR Doc. 02–18588 Filed 7–22–02 8:45 am]
BILLING CODE 6560–50–S
FEDERAL DEPOSIT INSURANCE
CORPORATION
FDIC Statement of Policy on Bank
Merger Transactions
AGENCY: Federal Deposit Insurance
Corporation (FDIC).
ACTION: Final agency policy statement
(amended).
SUMMARY: The FDIC is amending its
Statement of Policy on Bank Merger
Transactions to incorporate a recent
statutory change to the Bank Merger
Act, as amended by the USA PATRIOT
Act, which makes an insured depository
institution’s effectiveness in combating
money laundering a factor in evaluating
a proposed merger transaction.
EFFECTIVE DATE: July 23, 2002.
FOR FURTHER INFORMATION CONTACT:
Kevin W. Hodson, Review Examiner
(202/898–6919), Division of Supervision
and Consumer Protection; Robert C.
Fick, Counsel (202/898–8962), or Carl
Gold, Counsel (202/898–8702), Legal
Division, FDIC, 550 17th Street, NW.,
Washington, DC 20429.
SUPPLEMENTARY INFORMATION: Section
327 of the USA PATRIOT Act (Pub. L.
107–56, enacted October 26, 2001)
amends section 18(c) of the Federal
Deposit Insurance Act 12 U.S.C. 1828(c)
(commonly known as the Bank Merger
Act), adding a new factor for
consideration in deciding merger
transactions covered by the Bank Merger
Act
Legal
Division, FDIC, 550 17th Street, NW.,
Washington, DC 20429.
SUPPLEMENTARY INFORMATION: Section
327 of the USA PATRIOT Act (Pub. L.
107–56, enacted October 26, 2001)
amends section 18(c) of the Federal
Deposit Insurance Act 12 U.S.C. 1828(c)
(commonly known as the Bank Merger
Act), adding a new factor for
consideration in deciding merger
transactions covered by the Bank Merger
Act. The factor reads, ‘‘In every case, the
responsible agency shall take into
consideration the effectiveness of any
insured depository institution involved
in the proposed merger transaction in
combating money laundering activities,
including in overseas branches.’’ The
amended statement of policy essentially
restates the USA PATRIOT Act
requirement. No new informational
requirements relating to Bank Merger
Act applications are imposed at this
time. Consideration of the new factor is
required on applications submitted after
December 31, 2001. The FDIC is not
soliciting comment on the revised
Statement of Policy. The amendment to
the Policy Statement, which was
published at 63 FR 44761 on August 20,
1998, is effective immediately upon
publication in the Federal Register.
The Statement of Policy is hereby
amended by adding a new paragraph at
the end of section III., to read as follows:
FDIC Statement of Policy on Bank
Merger Transactions
*
*
*
*
*
III. Evaluation of Merger Applications
*
*
*
*
*
Anti-Money Laundering Record
In every case, the FDIC will take into
consideration the effectiveness of each
insured depository institution involved
in the proposed merger transaction in
combating money-laundering activities,
including in overseas branches
read as follows:
FDIC Statement of Policy on Bank
Merger Transactions
*
*
*
*
*
III. Evaluation of Merger Applications
*
*
*
*
*
Anti-Money Laundering Record
In every case, the FDIC will take into
consideration the effectiveness of each
insured depository institution involved
in the proposed merger transaction in
combating money-laundering activities,
including in overseas branches. In this
regard, the FDIC will consider the
adequacy of each institution’s programs,
policies, and procedures relating to anti-
money laundering activities; the
relevant supervisory history of each
participating institution, including their
compliance with anti-money laundering
laws and regulations; and the
effectiveness of any corrective program
outstanding. The FDIC’s assessment
may also incorporate information made
available to the FDIC by the Department
of the Treasury, other Federal or State
authorities, and/or foreign governments.
Adverse findings may warrant
correction of identified problems before
consent is granted, or the imposition of
conditions. Significantly adverse
findings in this area may form the basis
for denial of the application.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, this 12th day of
July, 2002.
By order of the Board of Directors.
Valerie J. Best,
Assistant Executive Secretary/Supervisory
Counsel.
[FR Doc. 02–18493 Filed 7–22–02; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL EMERGENCY
MANAGEMENT AGENCY
[FEMA–1418–DR]
Indiana; Amendment No. 3 to Notice of
a Major Disaster Declaration
AGENCY: Federal Emergency
Management Agency (FEMA).
ACTION: Notice.
SUMMARY: This notice amends the notice
of a major disaster declaration for the
State of Indiana, (FEMA–1418–DR),
dated June 13, 2002, and related
determinations.
EFFECTIVE DATE: July 15, 2002.
FOR FURTHER INFORMATION CONTACT: Rich
Robuck, Readiness, Response and
Recovery and Directorate, Federal
Emergency Management Agency,
Washington, DC 20472, (202) 646–2705
or Rich.Robuck@fema.gov
ice.
SUMMARY: This notice amends the notice
of a major disaster declaration for the
State of Indiana, (FEMA–1418–DR),
dated June 13, 2002, and related
determinations.
EFFECTIVE DATE: July 15, 2002.
FOR FURTHER INFORMATION CONTACT: Rich
Robuck, Readiness, Response and
Recovery and Directorate, Federal
Emergency Management Agency,
Washington, DC 20472, (202) 646–2705
or Rich.Robuck@fema.gov.
SUPPLEMENTARY INFORMATION: The notice
of a major disaster declaration for the
State of Indiana is hereby amended to
include the following areas among those
areas determined to have been adversely
affected by the catastrophe declared a
major disaster by the President in his
declaration of June 13, 2002:
Dearborn and Orange Counties for Individual
Assistance (already designated for Public
Assistance).
(The following Catalog of Federal Domestic
Assistance Numbers (CFDA) are to be used
for reporting and drawing funds: 83.537,
Community Disaster Loans; 83.538, Cora
Brown Fund Program; 83.539, Crisis
Counseling; 83.540, Disaster Legal Services
Program; 83.541, Disaster Unemployment
Assistance (DUA); 83.542, Fire Suppression
Assistance; 83.543, Individual and Family
Grant (IFG) Program; 83.544, Public
Assistance Grants; 83.545, Disaster Housing
Program; 83.548, Hazard Mitigation Grant
Program)
Joe M. Allbaugh,
Director.
[FR Doc. 02–18531 Filed 7–22–02; 8:45 am]
BILLING CODE 6718–02–P
FEDERAL EMERGENCY
MANAGEMENT AGENCY
[FEMA–1419–DR]
Minnesota; Amendment No. 6 to Notice
of a Major Disaster Declaration
AGENCY: Federal Emergency
Management Agency (FEMA).
ACTION: Notice.
SUMMARY: This notice amends the notice
of a major disaster declaration for the
State of Minnesota, (FEMA–1419–DR),
dated June 14, 2002, and related
determinations.
VerDate Jul<19>2002
18:28 Jul 22, 2002
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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/FDIC_FIL02082. Check the current official text before relying on it. Not legal advice.