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FDIC RIN: 3064-AE61 Publication ID: Spring 2024 
Title: Source of Strength 
Abstract:

The FDIC, OCC, and FRB (Agencies) are developing a joint Notice of Proposed Rulemaking which will be published in the Federal Register. The rule, when finalized, will implement section 616(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). That section of the Dodd-Frank Act requires the Agencies to jointly issue final rules that ensure that parent companies of subsidiary insured depository institutions serve as a source of financial strength for such institutions.

 
Agency: Federal Deposit Insurance Corporation(FDIC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 12 U.S.C. 1831o-1   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  To Be Determined 
Additional Information: Send comments to Comments@fdic.gov. Include FDIC and RIN 3064-AE61 in the subject line of the message.
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.fdic.gov/regulations/laws/   Public Comment URL: www.fdic.gov/regulations/laws  
RIN Data Printed in the FR: No 
Related Agencies: Joint: FRS, TREAS/OCC; 
Agency Contact:
Rae-Ann Miller
Senior Deputy Director
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-8523
Email: rmiller@fdic.gov