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TREAS/OCC RIN: 1557-AE45 Publication ID: Fall 2018 
Title: ●Thrift Flexibility 
Abstract:

The OCC plans to issue a notice of proposed rulemaking (NPRM) to implement section 5A of the Home Owners’ Loan Act, which allows Federal savings associations with assets of $20 billion or less to elect to operate as covered savings associations.  Covered savings associations operate with the same rights and are subject to the same restrictions as a national bank in the same location.  As required by section 5A, the NPRM will propose standards and procedures for making the election.  It will also address nonconforming assets and clarify requirements for the treatment of covered savings associations.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: Undetermined 
EO 13771 Designation: Independent agency 
CFR Citation: 12 CFR ch. I     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 12 U.S.C. 1 et seq.   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  09/18/2018  83 FR 47101   
NPRM Comment Period End  11/19/2018 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Alison MacDonald
Senior Counsel
Department of the Treasury
Comptroller of the Currency
Chief Counsel's Office, 400 7th Street SW.,
Washington, DC 20219
Phone:202 649-7314
Email: alison.macdonald@occ.treas.gov

Priscilla Benner
Counsel
Department of the Treasury
Comptroller of the Currency
Chief Counsel's Office, 400 7th Street SW.,
Washington, DC 20219
Phone:202 649-6973
Email: priscilla.benner@occ.treas.gov