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Lending Limits

Document ID: OCC-2012-0007-0001
Document Type: Rule
Agency: Comptroller Of The Currency
Topics: National Banks, Reporting and Recordkeeping Requirements
Federal Register Number: 2012-15004
CFR Citation: 12 CFR Parts 32, 159 and 160
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Details Information

Abstract: The Office of the Comptroller of the Currency (OCC) is amending its regulation governing lending limits for national banks to consolidate the lending limit rules applicable to national banks and savings associations and remove its separate regulation governing lending limits for savings associations. The OCC also is amending its rules to implement section 610 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which amends the statutory definition of ``loans and extensions of credit'' to include credit exposures arising from derivative transactions, repurchase agreements, reverse repurchase agreements, securities lending transactions and securities borrowing transactions. Pursuant to the OCC's authority in section 5200(d) of the Revised Statutes, the OCC is amending the lending limit rules to provide a temporary exception for the transactions covered by section 610 until January 1, 2013, in order to allow institutions a sufficient period to make adjustments to assure compliance with the new requirements.
Received Date: June 21 2012, at 12:00 AM Eastern Daylight Time
Start-End Page: 37265 - 37283
Comment Start Date: June 21 2012, at 12:00 AM Eastern Standard Time
Comment Due Date: August 6 2012, at 11:59 PM Eastern Standard Time

Comments

    View All
Total: 6
First Tennessee Bank, N.A.
Submitter: Jardine, Greg    Posted: 08/06/2012     ID: OCC-2012-0007-0002

Aug 06,2012 11:59 PM ET
Chicago Mercantile Exchange Inc.
Submitter: Doar, Tim    Posted: 08/06/2012     ID: OCC-2012-0007-0003

Aug 06,2012 11:59 PM ET
The Clearing House Association, ABA, & The Financial Services Roundtable
Submitter: Court, John    Posted: 08/07/2012     ID: OCC-2012-0007-0004

Aug 06,2012 11:59 PM ET
HSBC North America Holdings Inc.
Submitter: Alderoty, Stuart    Posted: 08/07/2012     ID: OCC-2012-0007-0005

Aug 06,2012 11:59 PM ET
Better Markets, Inc.
Submitter: Kelleher, Dennis    Posted: 08/07/2012     ID: OCC-2012-0007-0006

Aug 06,2012 11:59 PM ET

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