7100-AG66 202404 Unified Agenda of Federal Regulatory and Deregulatory Actions 7100 Federal Reserve System FRS Long-term Debt Requirements for Large Bank Holding Companies, Certain Intermediate Holding Companies of Foreign Banking Organizations, and Large Insured Depository Institutions (Docket No: R-1815)

The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) (collectively, the agencies”) 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 banking organizations in case of failure, may reduce costs to the Deposit Insurance Fund, and mitigate financial stability and contagion risks by reducing the risk of loss to uninsured depositors

The agencies, have determined that an extension of the comment period until January 16, 2024, is appropriate.

 

]]> Substantive, Nonsignificant First Time Published in The Unified Agenda Long-Term Actions No No 12 CFR 216 12 CFR 217 12CFR 238 12 CFR 252 12 U.S.C.1823 No Board Requested Comments 09/19/2023 88 FR 64524 Board Extended Comment Period 11/29/2023 88 FR 83364 Next Action Undetermined To Be Determined No No None No No No No Molly Mahar Senior Associate Director 7100 Federal Reserve System FRS 202 973-7360 Division of Supervision and Regulation, Washington DC 29551 Juan Climent Assistant Director 7100 Federal Reserve System FRS 202 872-7526 Division of Supervision and Regulation, Washington DC 20551