Determination of Economically Depressed Regions

Proposed Rules

Federal Register

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Proposed Rules

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FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Part 357

RIN 3064-AA97

Determination of Economically Depressed Regions

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Withdrawal of proposed rule.

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SUMMARY: The FDIC is withdrawing a proposed rule to amend its

regulation designating economically depressed regions at 12 CFR Part

357. The proposed rule, published at 57 FR 60140 on December 18, 1992,

would have updated the list of states designated as ``economically

depressed regions'' for purposes of section 13(k)(5) of the Federal

Deposit Insurance Act, 12 U.S.C. 1823(k)(5). No comments were received

and the proposed rule was never adopted as final. Elsewhere in this

issue of the Federal Register, the FDIC is publishing a final rule that

provides criteria to be used by the FDIC to determine which regions are

``economically depressed'' rather than identifying particular states by

regulation.

DATES: The proposed rule published at 57 FR 60140, December 18, 1992 is

withdrawn on March 3, 1998.

FOR FURTHER INFORMATION CONTACT: John P. O'Keefe, Chief, Economic

Analysis Section, (202) 898-3945, David Horne, Financial Economist,

(202) 898-3981, Division of Research and Statistics; Michael Phillips,

Counsel, Legal Division, (202) 898-3581, FDIC, 550 17th Street, N.W.,

Washington, DC 20429.

By order of the Board of Directors.

Dated at Washington, D.C., this 10th day of February, 1998.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Executive Secretary.

[FR Doc. 98-5376 Filed 3-2-98; 8:45 am]

BILLING CODE 6714-01-P