OCC 99 - 29
Year 2000
FDIC Asset Liability Backup
Program
Interim Final Rule
Date:  July 12, 1999

TO:	Chief Executive Officers and Chief Information 
Officers of All National Banks, General Managers of 
Federal Branches and Agencies, Department and 
Division Heads, and All Examining Personnel

The Federal Deposit Insurance Corporation (FDIC) 
recently published the attached interim final rule 
dealing with the backup of limited deposit and loan 
account information.  The rule only applies to 
insured depository institutions with "needs improvement" 
and "unsatisfactory" Year 2000 ratings on or after 
July 31, 1999.  The FDIC will exempt affected 
institutions from the requirements of the rule 
upon determination by the primary federal regulator 
(OCC) that the backup program is not needed for 
that institution. 

The FDIC plans to notify institutions in early 
August 1999 that are subject to the FDIC Asset 
Liability Backup Program rule.  Accordingly, 
the OCC will indicate to the FDIC which 
OCC-supervised institutions are exempt from 
the rule. The OCC anticipates that relatively 
few OCC-supervised institutions will be required 
to complete programming and testing as specified 
by the rule.  For those OCC-supervised institutions 
that are subject to the rule, they will be required 
to complete programming and testing of the required 
backup program by September 30, 1999, and to deliver 
a sample output file to the FDIC no later than 
October 31, 1999.  The backup files must be produced 
as part of the institution's normal nightly 
processing or from routine nightly backup programs 
and are required beginning on December 24, 1999, 
until as late as June 30, 2000.  

Questions concerning the rule may be directed 
to Year 2000 Bank Supervision Policy at (202) 874-2340. 




____________________________________
Emory W. Rushton
Senior Deputy Comptroller
	for Bank Supervision Policy

Attachment -- 64 FR 30869