Parent Companies of Industrial Banks and Industrial Loan Companies
12 CFR Part 354 RIN 3064–AF88
Notice of proposed rulemaking
Summary: The FDIC proposes to modify the regulations governing the parent companies of industrial banks in 12 CFR part 354. The amendments would revise the regulation’s scope to include conversions involving proposed industrial banks under section 5 of the Home Owners’ Loan Act and other situations as determined by the FDIC; clarify the relationship between written commitments and the FDIC’s evaluation of relevant statutory factors; and set forth additional criteria the FDIC would consider when assessing the risks presented to an industrial bank by its parent company and affiliates and evaluating the institution’s ability to function independently of its parent company and affiliates.
89 FR 65556
Comment Period End: October 11, 2024
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| Submitted By |
|---|
| 01. Michael Ravnitzky |
| 02. NAIB, AFSA, Frank R. Pignanelli, Bill Himpler |