1557-AF21 202310 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 1557 Comptroller of the Currency OCC 1500 Department of the Treasury TREAS Long-term Debt Requirements for Large Bank Holding Companies, Certain Intermediate Holding Companies of Foreign Banking Organizations, and Large Insured Depository Institutions

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation are issuing a proposed rule for comment that would require certain large depository institution holding companies, U.S. intermediate holding companies of foreign banking organizations, and certain insured depository institutions, to issue and maintain outstanding a minimum amount of long-term debt.  The proposed rule would improve the resolvability of these firms in case of failure, reduce costs to the Depository Insurance Fund and mitigate financial stability and contagion risks by reducing the risk of loss to uninsured depositors.

]]> Substantive, Nonsignificant First Time Published in The Unified Agenda Proposed Rule Stage Undetermined Undetermined Not Yet Determined Not Yet Determined No NPRM 09/19/2023 88 FR 64524 NPRM Comment Period End 11/30/2023 Final Action 06/00/2024 No Undetermined No No No 3064 Federal Deposit Insurance Corporation FDIC Common 7100 Federal Reserve System FRS Common Carl Kaminski Assistant Director 1557 Comptroller of the Currency OCC 202 649-5869 carl.kaminski@occ.treas.gov Chief Counsel's Office, 400 7th Street SW, Washington DC 20219