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FDIC | RIN: 3064-AE61 | Publication ID: Fall 2022 |
Title: Source of Strength | |
Abstract:
The FDIC, OCC, and FRB (Agencies) are developing a joint Notice of Proposed Rulemaking which will be published in the Federal Register. The rule, when finalized, will implement section 616(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). That section of the Dodd-Frank Act requires the Agencies to jointly issue final rules that ensure that parent companies of subsidiary insured depository institutions serve as a source of financial strength for such institutions. |
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Agency: Federal Deposit Insurance Corporation(FDIC) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Long-Term Actions |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: Not Yet Determined (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 12 U.S.C. 1831o-1 |
Legal Deadline:
None |
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Timetable:
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Additional Information: Send comments to Comments@fdic.gov. Include FDIC and RIN 3064-AE61 in the subject line of the message. | |
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/ | Public Comment URL: www.fdic.gov/regulations/laws |
RIN Data Printed in the FR: No | |
Related Agencies: Joint: FRS, TREAS/OCC; | |
Agency Contact: Rae-Ann Miller Assistant Director, Division of Supervision and Consumer Protection Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-8523 Email: rmiller@fdic.gov Mark Flanigan Counsel Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-7426 Email: mflanigan@fdic.gov |