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FDIC | RIN: 3064-AE92 | Publication ID: Fall 2018 |
Title: ●Depository Institutions Management Interlocks Act Technical Final Rule | |
Abstract:
This final rule is being promulgated in connection with an adjustment of the thresholds for the major assets prohibition of the Depository Institutions Management Interlocks Act (DIMIA) (12 U.S.C. 3201 et seq.) that has been proposed jointly by the FDIC with the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System. The FDIC has decided to use this opportunity to make two purely technical corrections to FDIC Regulations, both pertaining to DIMIA implementation, by means of a separate final rule without notice and comment. The first correction pertains to 12 CFR 303.249 and would correct an erroneous statement. The second pertains to 12 CFR 348.4(i) and would correct a citation. The FDIC has concluded that good cause exists to publish this rule as final without a period of notice and comment and with an effective date as of the date of its publication in the Federal Register because this final rule will only make purely technical corrections and in no way affects any substantive requirements under the DIMIA or its implementing regulation. |
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Agency: Federal Deposit Insurance Corporation(FDIC) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 303 12 CFR 348 | |
Legal Authority: 12 U.S.C. 1819 (Tenth) 12 U.S.C. 1823(k) 12 U.S.C. 3207 |
Legal Deadline:
None |
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Timetable:
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Additional Information: Email: Comments@FDIC.gov. Include RIN # 3064-AE92 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/laws/federal/ | Public Comment URL: www.fdic.gov/regulations/laws/federal/ |
RIN Data Printed in the FR: No | |
Related RINs: Related to 3064-AE78 | |
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 |