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FDIC RIN: 3064-AE64 Publication ID: Spring 2018 
Title: Securities Transaction Settlement Cycle 
Abstract:

The OCC and the FDIC (the Agencies) proposed to shorten the standard settlement cycle for securities purchased or sold by national banks, Federal savings associations, and FDIC-supervised institutions. The Agencies' proposal is consistent with an industry-wide transition to a two business-day settlement cycle, which is designed to reduce settlement exposure and align settlement practices across all market participants.

 

 
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: No  Unfunded Mandates: No 
EO 14192 Designation: Independent agency 
CFR Citation: 12 CFR 344   
Legal Authority: 12 U.S.C. 1817 to 1819    12 U.S.C. 5412   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  09/11/2017  82 FR 42619   
NPRM Comment Period End  10/11/2017 
Final Rule  05/00/2018 
Additional Information: Comments: Email Comments@fdic.gov. Include the RIN number 3064-AE64 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: www.fdic.gov/regulations/law/publiccomments   Public Comment URL: www.fdic.gov/regulations/law/publiccomments  
RIN Data Printed in the FR: No 
Related Agencies: Joint: TREAS/OCC; 
Agency Contact:
Annmarie Boyd
Assistant General Counsel
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-3714
Email: aboyd@fdic.gov

Benjamin J. Klein
Senior Counsel
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-7027
Email: bklein@fdic.gov