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FDIC RIN: 3064-AF13 Publication ID: Fall 2019 
Title: ●Removal of Transferred OTS Regulations Regarding Regulatory Reporting Requirements, Reports and Audits of State Savings Associations 
Abstract:

The FDIC proposes to rescind and remove from the Code of Federal Regulations 12 CFR part 390, subpart R, entitled Regulatory Reporting Standards. This subpart was included in the regulations that were transferred from the Office of Thrift Supervision (OTS) to the FDIC on July 21, 2011, in connection with the implementation of Title III of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Part 390, subpart R relates to regulatory reporting requirements, regulatory reports and audits of State savings associations. The FDIC has determined that the most important provisions of Subpart R are redundant, duplicate or are otherwise unnecessary in light of existing statutes and other FDIC regulations that specifically govern these matters and apply to insured depository institutions, including State savings associations.   The FDIC has also determined that, in the areas where there in not complete overlap between Subpart R and these other statutes and FDIC regulations, the FDIC’s regulatory, supervisory and enforcement authority under the Federal Deposit Insurance Act and other applicable law is sufficient as a practical and legal matter to equip the agency to address any problems that might arise with State savings associations in these areas. Rescission and removal of subpart R would streamline the FDIC’s regulations as well as emphasize the parity between State savings associations and state nonmember banks by having the regulatory reporting requirements, regulatory reports, and audits of both classes of institutions governed by the same single set of statutes and rules as much as possible.

 
Agency: Federal Deposit Insurance Corporation(FDIC)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 12 CFR 390.320    12 CFR 390.321    12 CFR 390.322   
Legal Authority: 12 U.S.C. 1819 (Tenth)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  10/02/2019  84 FR 52387   
NPRM Comment Period End  11/01/2019 
Final Rule  12/00/2019 
Additional Information: Email: Comments@FDIC.gov. Include RIN 3064-AF13 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: https://www.fdic.gov/regulations/laws/federal/   Public Comment URL: https://www.fdic.gov/regulations/laws/federal/  
RIN Data Printed in the FR: No 
Agency Contact:
David M. Miles
Counsel
Federal Deposit Insurance Corporation
550 17th Street, NW,
Washington, DC 20429
Phone:202 898-3651
Email: dmiles@fdic.gov

Karen Currie
DSC
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-3981
Email: kcurrie@fdic.gov

Christine M. Bouvier
Assistant Chief Accountant
Federal Deposit Insurance Corporation
550 17th Street, NW,
Washington, DC 20429
Phone:202 898-7289
Email: cbouvier@fdic.gov