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TREAS/OTS RIN: 1550-AB92 Publication ID: Spring 2009 
Title: Securities-Related Activities of Savings Associations 
Abstract: OTS is proposing to reduce regulatory burden by updating and revising its rules on securities-related activities of savings associations. First, the proposed rule describes the existing authority of Federal savings associations to engage in various securities broker, dealer, and underwriting activities under the Home Owners' Loan Act (HOLA). This description should reduce compliance burdens by making OTS positions regarding the permissibility of these activities readily available to all. OTS is also updating the existing prohibition on the sale of debt and equity securities issued by a savings association or its affiliate at the offices of a savings association. This change will reduce burden on savings associations by adding new exceptions and by eliminating consumer protection rules that overlap, and in some cases conflict, with other Agency guidance. Finally, the proposed rule would eliminate various obsolete OTS securities activity regulations. 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 506    12 CFR 545    12 CFR 559    12 CFR 563   
Legal Authority: 12 USC 375b    12 USC 1462 to 1462a    12 USC 1463 and 1464    12 USC 1467a    12 USC 1468    12 USC 1817    12 USC 1820    12 USC 1828    12 USC 1831o    12 USC 3806    42 USC 4106    44 USC 3501 et seq   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  05/00/2009    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Undetermined 
Small Entities Affected: Businesses  Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Judi McCormick
Director, Trust and Specialty
Department of the Treasury
Office of Thrift Supervision
1700 G Street NW.,
Washington, DC 20552
Phone:202 906-5636

Martha Clarke
Counsel
Department of the Treasury
250 E Street, SW,
Washington, DC 20219
Phone:202 906-5010

John P. Harootunian
Senior Counsel, Business Transactions Division
Department of the Treasury
Office of Thrift Supervision
1700 G Street NW.,
Washington, DC 20552
Phone:202 906-6415