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TREAS/OCC | RIN: 1557-AF06 | Publication ID: Fall 2021 |
Title: Temporary Asset Thresholds | |
Abstract:
To mitigate temporary transition costs on banking organizations related to the coronavirus disease, the OCC, FRB, and the FDIC issued 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. |
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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 |
CFR Citation: 12 CFR 3 12 CFR 4 12 CFR 52 | |
Legal Authority: 5 U.S.C. 301 5 U.S.C. 552 12 U.S.C. 1 12 U.S.C. 93a 12 U.S.C. 161 12 U.S.C. 481 12 U.S.C. 482 12 U.S.C. 484(a) 12 U.S.C. 1442 12 U.S.C. 1462 12 U.S.C. 1462a 12 U.S.C. 1463 12 U.S.C. 1463(a) 12 U.S.C. 1464 12 U.S.C. 1464(v) 12 U.S.C. 1817(a) 12 U.S.C. 1817(a)(12) 12 U.S.C. 1818 12 U.S.C. 1820 12 U.S.C. 1821 12 U.S.C. 1828(n) 12 U.S.C. 1828 note 12 U.S.C. 1831 note 12 U.S.C. 1831m 12 U.S.C. 1831p-1 12 U.S.C. 1831o 12 U.S.C. 1833e 12 U.S.C. 1835 12 U.S.C. 1867 12 U.S.C. 1951 et seq. 12 U.S.C. 2601 et seq. 12 U.S.C. 2801 et seq. 12 U.S.C. 2901 et seq. 12 U.S.C. 3101 et seq. 12 U.S.C. 3401 et seq. 12 U.S.C. 3907 12 U.S.C. 3909 12 U.S.C. 5321 12 U.S.C. 5412 12 U.S.C. 5412(b)(2)(B) 12 U.S.C. 5414 15 U.S.C. 77uu(b) 15 U.S.C. 78q(c)(3) 18 U.S.C. 641 18 U.S.C. 1905 18 U.S.C. 1906 29 U.S.C. 1204 31 U.S.C. 5318(g)(2) 31 U.S.C. 9701 42 U.S.C. 3601 42 U.S.C. 3506 44 U.S.C. 3510 E.O. 12600 Pub. L. 116-136 |
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-2020-0044 | Public Comment URL: https://www.regulations.gov/docket?D=OCC-2020-0044 |
RIN Data Printed in the FR: No | |
Agency Contact: Kevin Korzeniewski Counsel Department of the Treasury Comptroller of the Currency Chief Counsel's Office, 400 7th Street SW., Washington, DC 20219 Phone:202 649-5490 Email: kevin.korzeniewski@occ.treas.gov |