Applicability of Executive Order No. 12976 to the FDIC

Applicability of Executive Order No. 12976 to the FDIC N either the F ederal D eposit Insurance C orporation’s broad discretion to determ ine the com pensation o f its em p lo y ees nor its status as an independent agency exem pts the FD IC from the requirem ents o f E x ecu tiv e O rd er No. 12976. April 22, 1997 M em o ran d u m O p in io n fo r t h e G en era l C ou n sel O f f ic e of M anagem ent and B udget You have asked us to consider whether Executive Order No. 12976, 3 C.F.R. 412 (1996), “ Compensation Practices of Government Corporations” (“ E.O. 12976” ), applies to the Federal…