Details:

Publisher's site:
https://www.fdic.gov/
Corporate Authors:
Federal Deposit Insurance Corporation (FDIC)
Description:
The Federal Reserve Board (FRB), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (together "federal banking agencies") are issuing the attached interagency statement to explain that the federal banking agencies will exercise discretion to not take enforcement action against depository institutions or asset managers that become principal shareholders of institutions with respect to certain extensions of credit by institutions that otherwise would violate Federal Reserve Regulation O.
Subject:
[+]
Corporate Governance/Management
Dataset Download URL:
https://www.fdic.gov/news/financial-institution-letters/2019/fil19085.pdf
Format:
PDF
Release Date:
12/27/2019
Update Date:
12/27/2019
Withdrawn Date:
12/23/2020
Agencies Involved:
Federal Deposit Insurance Corporation (FDIC);Office of the Comptroller of the Currency (OCC);Board of Governors of the Federal Reserve System;
Fdic Employee Involved:
Karen J. Currie;Mark Mellon;Gregory S. Feder;
Law Involved:
Federal Reserve Act
Related Regulation:
Regulation O;12 CFR 363.2;
Source:
FDIC Website
Memorandum To:
FDIC-Supervised institutions
FIL Number:
FIL-85-2019
Main Document Checksum:
[+]
urn:sha256:fdcba713ee1f5de2f8f09c123329d32bf999349f775a1c56c5c0a25ec1276859
Download URL:
https://archive.fdic.gov/view/fdic/6839/fdic_6839_DS1.pdf
File Type:

Supporting Files

• Statement Regarding Status of Certain Investment Funds and Their Portfolio Investments for Purposes of Regulation O and Reporting Requirements under Part 363 of FDIC Regulations

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