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TREAS/OTS RIN: 1550-AB92 Publication ID: Fall 2010 
Title: Securities-Related Activities of Savings Associations 
Abstract: The Office of Thrift Supervision (OTS) is proposing to update and revise its rules on securities-related activities of savings associations. First, the proposed rule would clarify the existing authority of Federal savings associations to engage in securities broker, dealer, and underwriting activities under the Home Owners' Loan Act (HOLA) and add a requirement to notify OTS when beginning to conduct certain securities activities. Second, the proposed rule would reflect amendments that provided savings associations the same exemptions from the registration and reporting requirements available to banks under various provisions of the Securities Exchange Act of 1934 (Exchange Act) and made OTS the appropriate regulatory agency for savings associations and savings and loan holding companies engaging in certain securities activities. Third, it would add a notice requirement for certain securities activities conducted by savings associations. Finally, OTS proposes to update the existing prohibition on the sale of debt and equity securities issued by a savings association or its affiliates at the offices of a savings association. The proposed rule would add new exceptions to this prohibition and eliminate consumer protection rules that overlap and in some cases conflict, with other agency guidance. 
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 506    12 CFR 545    12 CFR 550    12 CFR 551    12 CFR 554    12 CFR 563    12 CFR 584   
Legal Authority: 12 USC 375b    12 USC 1462 to 1462a    12 USC 1463 and 1464    12 USC 1467a    12 USC 1468    12 USC 1820    12 USC 1828    12 USC 1831o    12 USC 3806    15 USC 78c(a)(6)    15 USC 78c(a)(34)    15 USC 78o-5    31 USC 5318    42 USC 4106    44 USC 3501 et seq   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Withdrawn  09/02/2010    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
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