View Rule
View EO 12866 Meetings | Printer-Friendly Version Download RIN Data in XML |
FRS | RIN: 7100-AG01 | Publication ID: Spring 2021 |
Title: ●Temporary Asset Thresholds (Docket No. R-1731) | |
Abstract:
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) (collectively the Agencies) to mitigate temporary transition costs on banking organizations related to the coronavirus disease 2019 (COVID event), are issuing an interim final rule to permit national banks, savings associations, state banks, bank holding companies, savings and loan holding companies, and U.S. branches and Agencies of foreign banking organizations with under $10 billion in total assets as of December 31, 2019, (community banking organizations) to use asset data as of December 31, 2019, in order to determine the applicability of various regulatory asset thresholds during calendar years 2020 and 2021. For the same reasons, the Board is temporarily revising the instructions to a number of its regulatory reports to provide that community banking organizations may use asset data as of December 31, 2019, in order to determine reporting requirements for reports due in calendar years 2020 or 2021. |
|
Agency: Federal Reserve System(FRS) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 208 12 CFR 211 12 CFR 212 12 CFR 225 ... (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 5 U.S.C. 801 5 U.S.C. 553 |
Legal Deadline:
None |
|||||||||||||||
Timetable:
|
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Benjamin McDonough Associate General Counsel Federal Reserve System Legal Division, Washington, DC 20551 Phone:202 452-2036 Jonah Kind Counsel Federal Reserve System Legal Divisioin, Washington, DC 20551 Phone:202 452-2045 Juan Climent Assistant Director Federal Reserve System Division of Supervision and Regulation, Washington, DC 20551 Phone:202 872-7526 Teresa Scott Manager Federal Reserve System Division of Supervision and Regulation, Washington, DC 20551 Phone:202 973-6114 |