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TREAS/OCC RIN: 1557-AF21 Publication ID: Spring 2024 
Title: Long-term Debt Requirements for Large Bank Holding Companies, Certain Intermediate Holding Companies of Foreign Banking Organizations, and Large Insured Depository Institutions 
Abstract:

The OCC, FRB, and FDIC issued a proposed rule for comment that would require certain large depository institution holding companies, U.S. intermediate holding companies of foreign banking organizations, and certain insured depository institutions, to issue and maintain outstanding a minimum amount of long-term debt.  The proposed rule would improve the resolvability of these firms in case of failure, reduce costs to the Depository Insurance Fund and mitigate financial stability and contagion risks by reducing the risk of loss to uninsured depositors.

 
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: Undetermined 
CFR Citation: 12 CFR part 54     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 12 U.S.C. 93a, 161, 1462, 1462a, 1463, and 1464    12 U.S.C. 1818, 1828(n), 1828 note, 1831n note, and 1835    12 U.S.C. 3907 and 3909    12 U.S.C. 5412(b)(2)(B)    Pub. L. 116–136, 134 Stat. 281   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  09/19/2023  88 FR 64524   
NPRM Comment Period End  11/30/2023 
NPRM Comment Period Extended  11/29/2023  88 FR 83364   
NPRM Comment Period End  01/16/2024 
Final Action  07/00/2024 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Undetermined 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: https://www.regulations.gov/docket/OCC-2023-0011/document   Public Comment URL: https://www.regulations.gov/document/OCC-2023-0011-0001/comment  
RIN Data Printed in the FR: No 
Related Agencies: Common: FDIC, FRS; 
Agency Contact:
Carl Kaminski
Assistant Director, Bank Advisory
Department of the Treasury
Comptroller of the Currency
Chief Counsel's Office, 400 7th Street SW,
Washington, DC 20219
Phone:202 649-5869
Email: carl.kaminski@occ.treas.gov