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FDIC | RIN: 3064-AE57 | Publication ID: Fall 2018 |
Title: Depository Institution Management Interlocks Act Asset Threshold Adjustment | |
Abstract:
The OCC, Board, and the FDIC are seeking comment on a joint proposed rule to revise their respective regulations that implement the Depository Institution Management Interlocks Act (DIMIA). The proposed rule would adjust asset thresholds for the DIMIA major asset prohibition, which prohibits management officials for depository institutions with assets in excess of specified levels from engaging in management interlocks (an individual may not serve as an official of two unaffiliated depository institutions with assets in excess of the specified levels). The levels are currently set at $2.5 billion and $1.5 billion. Based on inflation or market changes, current inflation adjusted thresholds would be $3.6 billion and $2.16 billion. |
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Agency: Federal Deposit Insurance Corporation(FDIC) | Priority: Other Significant |
RIN Status: Previously 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 348 | |
Legal Authority: 12 U.S.C. 1819 (Tenth) 12 U.S.C. 3207 |
Legal Deadline:
None |
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Timetable:
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Additional Information: Email comments to Comments@fdic.gov. Include FDIC and RIN 3064-AE57 in the subject line of the email. | |
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/index.html | Public Comment URL: www.fdic.gov/regulations/laws/index.html |
RIN Data Printed in the FR: No | |
Related Agencies: Joint: FRS, TREAS/OCC; | |
Agency Contact: Mark A. Mellon Counsel, Legal Division Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-3884 Email: mmellon@fdic.gov |