EDITOR NOTE: The end of the Government in the Sunshine Act spells the beginning of transparency, period. This Act, signed into law under President Trump in March 2020, meant you were no longer entitled to monitor the goings-on of the government in the financial sector. While the Sunshine Act was originally passed in 1976 to benefit the American public, its abolishment was passed to blind the public from the government’s fiscal maneuvers. What are they planning, and why now? "The basic premise of the sunshine legislation is that, in the words of Federalist No. 49, 'the people are the only legitimate foundation of power”...and that “Government is and should be the servant of the people, and it should be fully accountable to them for the actions which it supposedly takes on their behalf." (U.S.C.C.A.N. 2183, 2186). That era ended in March but will return as the clock strikes midnight December 31st, 2020. What will we find out about the stock market valuations? Fed Maneuvers? Why are the notes to this meeting not released until Dec 22nd to the public? Only time will tell! Buy non-CUSIP gold and silver now.
Time and Date: 10:00 a.m. on Tuesday, December 15, 2020.
Place: The meeting is open to the public. Out of an abundance of caution related to current and potential coronavirus developments, the public’s means to observe this Board meeting will be via a Webcast live on the Internet and subsequently made available on-demand approximately one week after the event.
If you need any technical assistance, please visit our Video Help page at https://www.fdic.gov/video.html.
Observers requiring auxiliary aids (e.g., sign language interpretation) for this meeting should call 703-562-2404 (Voice) or 703-649-4354 (Video Phone) to make necessary arrangements.
Status: Open.
Matters to be Considered: Pursuant to the provisions of the “Government in the Sunshine Act” (5 U.S.C. § 552b), notice is hereby given that the Federal Deposit Insurance Corporation’s Board of Directors will meet in open session to consider the following matters:
Summary Agenda:
No substantive discussion of the following items is anticipated. These matters will be resolved with a single vote unless a member of the Board of Directors requests that an item be moved to the discussion agenda.
- Disposition of Minutes of a Board of Directors’ Meeting Previously Distributed.
- Memorandum and resolution re: Final Rule on Revising the FDIC’s Regulations Concerning Collection of Delinquent Civil Money Penalties.1
- Memorandum and resolution re: Notice of Proposed Rulemaking on Computer-Security Incident Notification.1
- Memorandum and resolution re: Notice of Proposed Rulemaking on Additional Exemptions to Suspicious Activity Report Requirements (12 CFR part 353).1
- Memorandum and resolution re: Final Rule on the Removal of Transferred OTS Regulations Regarding Application Processing Procedures for State Savings Associations and Conforming Amendments to Other Regulations (part 390, Subpart F).1
- Memorandum and resolution re: Final Rule on Rescission of Regulations Transferred from the Office of Thrift Supervision contained in 12 CFR part 390, subpart G, and Conforming Amendments to Existing FDIC Regulations.1
- Memorandum and resolution re: Final Rule on the Removal of Transferred OTS Regulations Regarding Subordinate Organizations (part 390, Subpart O).1
- Memorandum and resolution re: Final Rule on Removal of Transferred OTS Regulations Regarding Prompt Corrective Action Directives (part 390, Subpart Y) and Conforming Amendments to part 308, Subpart Q.1
- Report of actions taken pursuant to authority delegated by the Board of Directors.
Discussion Agenda:
- Memorandum and resolution re: Combined Final Rule on Brokered Deposits and Interest Rate Restrictions.1
- Memorandum and resolution re: Final Rule on Parent Companies of Industrial Banks and Industrial Loan Companies.1
- Memorandum and resolution re: Proposed 2021 FDIC Operating Budget.1
Contact Person for More Information: Requests for further information concerning the meeting may be directed to Ms. Debra A. Decker, Deputy Executive Secretary of the Corporation, at 202-898-8748.
Dated at Washington, DC, on December 11, 2020.
Federal Deposit Insurance Corporation.
Debra A. Decker
Deputy Executive Secretary
Originally posted on FDIC
