Banking Agencies Interim Final Rule: Temporary Asset Thresholds

December 02, 2020

The OCC, Federal Reserve, and FDIC published an interim final rule, effective immediately, to permit national banks, savings associations, state banks, bank holding companies, savings and loan holding companies, and U.S. branches and agencies of foreign banking organizations with under $10 billion in total assets as of December 31, 2019, to use asset data as of December 31, 2019, in order to determine the applicability of various regulatory asset thresholds during calendar years 2020 and 2021 as a result of the COVID-19 pandemic.

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