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FDIC RIN: 3064-AE57 Publication ID: Spring 2019 
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.

 
Agency: Federal Deposit Insurance Corporation(FDIC)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final 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
Timetable:
Action Date FR Cite
NPRM  01/31/2019  84 FR 604   
Comment Period End  04/01/2019 
Final Rule  07/00/2019 
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