Skip Header
U.S. flag

An official website of the United States government

Inactive Financial Institution Letters

FIL-85-2019
December 27, 2019

Status of Certain Investment Funds and Their Portfolio Investments for Purposes of Regulation O and Reporting Requirements under Part 363 of FDIC Regulations

Printable Format:

FIL-85-2019 - PDF (PDF Help)

Summary:

The Federal Reserve Board (FRB), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (together "federal banking agencies") are issuing the attached interagency statement to explain that the federal banking agencies will exercise discretion to not take enforcement action against depository institutions or asset managers that become principal shareholders of institutions with respect to certain extensions of credit by institutions that otherwise would violate Federal Reserve Regulation O.

Statement of Applicability to Institutions with Total Assets under $1 Billion: This Financial Institution Letter applies to all FDIC-supervised institutions.

Highlights:


Suggested Distribution:

Suggested Routing:

Attachment:

Related Topics:

Contact:

Note:

Access FDIC Financial Institution Letters (FILs) on the FDIC's website

Subscribe to receive FILs electronically

Paper copies may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (877-275-3342 or 703-562-2200).