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TREAS/OTS RIN: 1550-AB49 Publication ID: Spring 2003 
Title: Recordkeeping and Confirmation Requirements for Securities Transactions; Fiduciary Powers of Savings Associations 
Abstract: OTS issued a proposed rule adopting new recordkeeping and confirmation requirements for securities transactions. This rule would afford thrift customers the same protections and disclosures as bank customers; ensure that OTS examiners will be able to evaluate a thrift's compliance with securities laws and to assess whether thrifts effect securities transactions safely and soundly; and provide savings associations with formal guidance for effecting securities transactions. The proposed rule would amend OTS's regulations governing the fiduciary powers of Federal savings associations to codify recent OTS interpretive letters and make other changes. 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 550    12 CFR 551   
Legal Authority: 12 USC 1462a    12 USC 1463    12 USC 1464   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  06/11/2002  67 FR 39886   
NPRM Comment Period End  08/12/2002    
Final Rule  12/12/2002  67 FR 76293   
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: Federal, State 
Small Entities Affected: Businesses  Federalism: Yes 
Included in the Regulatory Plan: No 
Agency Contact:
Timothy Leary
Special Counsel for BSA Compliance
Department of the Treasury
Office of Thrift Supervision
1700 G Street NW.,
Washington, DC 20552
Phone:202 906-7170

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