Five federal agencies ("the Agencies") published interim and final rules on margin and capital requirements for registered swap dealers, major swap participants, security-based swap dealers and major security-based swap participants. The Office of the Comptroller of the Currency ("OCC"), the Board of Governors of the Federal Reserve System ("FRB"), the Federal Deposit Insurance Corporation ("FDIC"), the Farm Credit Administration ("FCA") and the Federal Housing Finance Agency ("FHFA") published the rules in the Federal Register. The final rule implements Dodd-Frank Sections 731 ("Registration
The OCC, the Board of Governors of the Federal Reserve System and the FDIC (together, the "agencies") announced that they are reviewing regulations in order to identify those that are outdated or unnecessary. The Economic Growth and Regulatory Paperwork Reduction Act of 1996 ("EGRPRA") requires that the agencies review their regulations at least every 10 years. The announcement was part of the fourth and final notice in a series published in the Federal Register. In these notices, the agencies have sought comments on various types of regulations. The final notice focuses on (i) rules of
The OCC, the Board of Governors of the Federal Reserve System and the FDIC made annual adjustments in the asset-size thresholds used to define "small bank," "small savings association," "intermediate small bank," and "intermediate small savings association" under the Community Reinvestment Act (CRA). The adjustments were published in the Federal Register. The agencies also made technical edits to remove obsolete references to the Office of Thrift Supervision and update cross-references to regulations implementing certain Federal consumer financial laws in their CRA regulations. The adjustments
The Office of the Comptroller of the Currency ("OCC") updated and replaced the March 1990 version of the "Installment Lending" booklet, and the March 2008 version of the "Country Risk Management" booklet contained in the Comptroller's Handbook.
The Office of the Comptroller Currency, the Board of Governors of the Federal Reserve System and the FDIC requested public comment on interim final rules to increase the number of small banks and savings associations eligible for an 18-month examination cycle.