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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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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.
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Release Date:12/27/2019
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Update Date:12/27/2019
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Withdrawn Date:12/23/2020
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Agencies Involved:Federal Deposit Insurance Corporation (FDIC)Office of the Comptroller of the Currency (OCC)Board of Governors of the Federal Reserve System
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Fdic Employee Involved:Karen J. CurrieMark MellonGregory S. Feder
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Law Involved:Federal Reserve Act
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Related Regulation:Regulation O12 CFR 363.2
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Source:FDIC Website
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Memorandum To:FDIC-Supervised institutions
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FIL Number:FIL-85-2019
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