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TREAS/OCC | RIN: 1557-AE47 | Publication ID: Spring 2019 |
Title: Volcker Community Bank Relief and Removal of Name Restriction | |
Abstract:
The OCC, FRB, FDIC, SEC, and CFTC issued a proposed rule to implement sections 203 and 204 of EGRRCPA. Pursuant to section 203 of EGRRCPA, OCC-supervised institutions with total consolidated assets of $10 billion or less generally are not banking entities within the scope of section 13 of the Bank Holding Company Act (BHCA), if their trading assets and trading liabilities do not exceed 5 percent of their total consolidated assets, and they are not controlled by a company that has total consolidated assets over $10 billion or total trading assets and trading liabilities that exceed 5 percent of total consolidated assets. In addition, section 204 of EGRRCPA revises the statutory provisions related to the naming of covered funds. |
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Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 44 | |
Legal Authority: 7 U.S.C. 27 et seq. 12 U.S.C. 1 et seq. 12 U.S.C. 24 12 U.S.C. 92a 12 U.S.C. 93a 12 U.S.C. 161 12 U.S.C. 1461 12 U.S.C. 1462a 12 U.S.C. 1463 12 U.S.C. 1464 12 U.S.C. 1467a 12 U.S.C. 1813q 12 U.S.C. 1818 12 U.S.C. 1851 12 U.S.C. 3101 12 U.S.C. 3102 12 U.S.C. 3108 12 U.S.C. 5412 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Information URL: https://www.regulations.gov/docket?D=OCC-2018-0029 | Public Comment URL: https://www.regulations.gov/docket?D=OCC-2018-0029 |
RIN Data Printed in the FR: No | |
Agency Contact: Tabitha Edgens Counsel Department of the Treasury Comptroller of the Currency Chief Counsel's Office, 400 7th Street SW., Washington, DC 20219 Phone:202 649-6534 Email: tabitha.edgens@occ.treas.gov Mark O'Horo Senior Attorney Department of the Treasury Comptroller of the Currency Chief Counsel's Office, 400 7th Street SW., Washington, DC 20219 Phone:202 649-7821 Email: mark.o'horo@occ.treas.gov |