A bank settled OCC charges for violating the statutory holding period for "other real estate owned" and failing to implement corrective measures.
News & Insights
The American Banking Association, SIFMA and the Institute of International Bankers proposed revisions to a Federal Reserve Board proposal to modify its regulations for determining "whether a company has the ability to exercise a controlling influence" on another company.
The U.S. Treasury Department ("Treasury") final rule amending the Large Position Reporting rules ("LPR Rules") was published in the Federal Register. The technical amendments to the LPR Rules provide the Treasury with the flexibility to specify where and how large position reports in Treasury securities are to be filed. Under the LPR Rules, the Treasury may issue a public announcement (which is subsequently published in the Federal Register) requiring a person who controls a 10 percent or more interest in a particular Treasury security to file a large position report with the Treasury. Under
The Office of the Comptroller of the Currency published the "Subsidiaries and Equity Investments" booklet of the Comptroller's Licensing Manual.
The Office of the Comptroller of the Currency published an updated list of permissible activities for national banks and federal savings associations.