Investments in Corporate Debt Securities by Savings Associations

Details

• Publisher's site:
  https://www.fdic.gov
• Corporate Authors:
  Federal Deposit Insurance Corporation (FDIC)
• Description:
  The FDIC has issued a final rule that would prohibit state and federal savings associations from acquiring or holding a corporate debt security when the security's issuer does not have an adequate capacity to meet all financial commitments under the security for the projected life of the security. The final rule is being issued under section 939(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Savings associations must be in compliance with this rule by January 1, 2013. Additionally, the FDIC has issued final guidance that sets forth due diligence standards for determining the credit quality of a corporate debt security.
• Subject:
  Lending / Investments
• Dataset Download URL:
  https://www.fdic.gov/news/financial-institution-letters/2012/fil12034.html
• Format:
  PDF
• Release Date:
  07/24/2012
• Update Date:
  11/14/2018
• Withdrawn Date:
  12/01/2018
• Agencies Involved:
  Federal Deposit Insurance Corporation (FDIC) ; Office of the Comptroller of the Currency (OCC)
• Fdic Employee Involved:
  Eric Reither ; Kyle Hadley
• Law Involved:
  Dodd-Frank Wall Street Reform and Consumer Protection Act ; Federal Deposit Insurance Act
• Related Regulation:
  12 CFR Part 362
• Source:
  FDIC Website
• Memorandum To:
  FDIC-Insured Savings Associations
• Effective Date:
  07/21/2012
• FIL Number:
  FIL-34-2012
• Main Document Checksum:
  urn:sha256:61a3fafe3d6eafde8c8be06be5bace8de147b5dcbd2c06cff5d98ff6a26d08fe
• Download URL:
  https://archive.fdic.gov/view/fdic/7059/fdic_7059_DS1.pdf
• File Type:
  [PDF - 1.09 MB ]