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FDIC RIN: 3064-AE25 Publication ID: Fall 2016 
Title: Record Retention Requirements 
Abstract:

The Federal Deposit Insurance Corporation (FDIC) is adopting a final rule that implements section 210(a)(16)(D) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.  This statutory provision requires the promulgation of a regulation establishing schedules for the retention by the FDIC of the records of a covered financial company (i.e., a financial company for which the necessary determination has been made for the appointment of the FDIC as receiver pursuant to title II of the Dodd-Frank Act) as well as for the records generated or maintained by the FDIC that relate to its exercise of its title II orderly liquidation authorities as receiver with respect to such covered financial company.

 

 
Agency: Federal Deposit Insurance Corporation(FDIC)  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 380   
Legal Authority: 12 U.S.C. 5381(b)    12 U.S.C. 5389    12 U.S.C. 5390(a)(7)(d)    12 U.S.C. 5390(a)(16)(D)    12 U.S.C. 5390(s)(3)    ...   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  10/24/2014  79 FR 63585   
NPRM Comment Period End  12/23/2014 
Final Rule  06/27/2016  81 FR 41411   
Final Rule Effective  07/27/2016 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.fdic.gov/regulations/laws/federal   Public Comment URL: www.fdic.gov/regulations/laws/federal  
RIN Data Printed in the FR: No 
Agency Contact:
Elizabeth Falloon
Counsel
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:703 562-6148
Email: efalloon@fdic.gov

Teresa Franks
Assistant Director
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:571 858-8226
Email: tfranks@fdic.gov