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FRS RIN: 7100-AE73 Publication ID: Spring 2023 
Title: Source of Strength(Section 610 Review) 
Abstract:

The Board of Governors of the Federal Reserve System (Board), the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) plan to issue a proposed rule to implement section 616(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 616(d) requires that bank holding companies, savings and loan holding companies, and other companies that directly or indirectly control an insured depository institution serve as a source of strength for the insured depository institution.

 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Prerule Stage 
Major: No  Unfunded Mandates: No 
RFA Section 610 Review: Section 610 Review 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 12 U.S.C. 1831(o)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Board Expects Further Action  12/00/2023 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: Yes 
Agency Contact:
Helen Xu
Manager, Policy Development
Federal Reserve System
Supervision and Regulation,
Washington, DC 20551
Phone:202 530-6204

Melissa Clark
Lead Financial Institution Policy Analyst
Federal Reserve System
Division of Supervision and Regulation,
Washington, DC 20551
Phone:202 452-2277

Vivian Joel
Lead Financial Institution Policy Analyst
Federal Reserve System
Division of Supervision and Regulation,
Washington, DC 20551
Phone:202 912-4313

Jay Schwarz
Deputy Associate General Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-2970

Claudia Von Pervieux
Senior Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-2552