This final rule revises the requirements imposed on national
banks pursuant to the OCC's short-term investment fund (STIF) rule
(STIF Rule). Regulations governing Federal savings associations (FSAs)
require compliance with the national bank STIF Rule. The final rule
adds safeguards designed to address the risk of loss to a STIF's
principal, including measures governing the nature of a STIF's
investments, ongoing monitoring of its mark-to-market value and
forecasting of potential changes in its mark-to-market value under
adverse market conditions, greater transparency and regulatory
reporting about a STIF's holdings, and procedures to protect fiduciary
accounts from undue dilution of their participating interests in the
event that the STIF loses the ability to maintain a stable net asset
value (NAV).
Received Date:
October 09 2012, at 12:00 AM Eastern Daylight Time
Start-End Page:
61229 - 61238
Comment Start Date:
October 9 2012, at 12:00 AM Eastern Standard Time
Comment Due Date:
November 8 2012, at 11:59 PM Eastern Standard Time
Short-term Investment Funds
Details Information
Comments
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