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Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

FEDERAL DEPOSIT INSURANCE CORPORATION

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FEDERAL DEPOSIT INSURANCE CORPORATION
REPORT BULLETIN NO. 3

May 30, 2015

550 Seventeenth Street, N.W.
Washington, D.C. 20429


Supplement Highlights

Restrictions on Sale of Assets of a Failed Institution by the Federal Deposit Insurance Corporation. The Federal Deposit Insurance Corporation (FDIC) has revised its rule concerning restrictions on the sale of assets of a failed institution under the Federal Deposit Insurance Act in order to clarify the purpose, scope and applicability of that rule and to make that rule more consistent with the FDIC's rule concerning restrictions on the sale of assets of a covered financial company under the Dodd-Frank Wall Street Reform and Consumer Protection Act. 80 Fed. Reg. 22886.

See pages 2679–2682.

Removal of Transferred OTS Regulations Regarding Disclosure and Reporting of CRA-Related Agreements and Amendments to 12 CFR Part 346 of FDIC's Rules and Regulations. The Federal Deposit Insurance Corporation (``FDIC'') published a final rule in the Federal Register on July 21, 2014 (79 FR 42183), regarding Transferred OTS Regulations Regarding Disclosure and Reporting of CRA-Related Agreements. This publication corrects a typographical error which caused the unintended deletion of §§ 346.2 through 346.10. 80 Fed. Reg. 23692.

See pages 2835–2836.

Truth in Lending (Regulation Z). The Bureau of Consumer Financial Protection (Bureau) is amending Regulation Z, which implements the Truth in Lending Act, and the official interpretation to that regulation, to temporarily suspend card issuers' obligations to submit credit card agreements to the Bureau for a period of one year (i.e., four quarterly submissions), in order to reduce burden while the Bureau works to develop a more streamlined and automated electronic submission system. Other requirements, including card issuers' obligations to post currently-offered agreements on their own Web sites, remain unaffected. 80 Fed. Reg. 21153.

See pages 7051–7052, 7465–7466.

Bank Holding Companies and Change in Bank Control (FRB's Regulation Y). The Board is adopting final amendments (Final Rule) to the Small Bank Holding Company Policy Statement (Regulation Y, Appendix C) (Policy Statement) that: raise from $500 million to $1 billion the asset threshold to qualify for the Policy Statement; and expand the scope of companies eligible under the Policy Statement to include savings and loan holding companies. The Board is also adopting final conforming revisions to Regulation Y and Regulation LL, the Board's regulations governing the operations and activities of bank holding companies and savings and loan companies, respectively, and Regulation Q, the Board's regulatory capital rules. 80 Fed. Reg. 20153.

See pages 7913–7936, 7998.87–7998.90.


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