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FDIC RIN: 3064-AD74 Publication ID: 2012 
Title: Credit Risk Retention 
Abstract: The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the U.S. Securities and Exchange Commission, the Federal Housing Finance Agency, and the Department of Housing and Urban Development (collectively the Agencies) are proposing rules to implement the credit risk retention requirements of section 15G of the Securities Exchange Act of 1934 (15 U.S.C. 78o-11), as added by section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 15G generally requires the securitizer of asset-backed securities to retain not less than 5 percent of the credit risk of the assets collateralizing the asset-backed securities. Section 15G includes a variety of exemptions from these requirements, including an exemption for asset-backed securities that are collateralized exclusively by residential mortgages that qualify as "qualified residential mortgages," as such term is defined by the Agencies by rule. 
Agency: Federal Deposit Insurance Corporation(FDIC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 12 CFR 373   
Legal Authority: 15 USC 78o-11(b)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  04/29/2011  76 FR 24090   
NPRM Comment Period End  06/10/2011    
NPRM Period Extended  06/10/2011  76 FR 34010   
NPRM Comment Period Extended End  08/01/2011    
Final Rule  12/00/2012 
Additional Information: E-mail comments to: Comments@fdic.gov. Include RIN number 3064-AD74 on the subject line of the message.
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: http://www.fdic.gov/regulations/laws/index.html   Public Comment URL: www.FDIC.gov/regulations/laws/federal/propose.html  
RIN Data Printed in the FR: No 
Related RINs: Related to 2590-AA43, Related to 1557-AD40, Related to 7100-AD70, Related to 3235-AK96  Related Agencies: Joint: TREAS/OCC, FRS, FHFA, HUD; 
Agency Contact:
Mark Handzlik
Counsel
Federal Deposit Insurance Corporation
550 17th Street NW.,
Washington, DC 20429
Phone:202 898-3900
Email: mhandzlik@fdic.gov

Phillip E. Sloan
Counsel
Federal Deposit Insurance Corporation
VS-E-7012, 3501 Fairfax Drive,
Arlington, VA 22226
Phone:703 562-6257
Email: psloan@fdic.gov