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Federal Deposit
Insurance Corporation

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

Financial Institution Letters

FIL-88-2019
December 31, 2019

Reopening Comment Period for Proposed Rule to Amend Swap Margin Requirements

Printable Format:

FIL-88-2019 - PDF (PDF Help)

Summary:

The FDIC, Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve, Farm Credit Administration, and Federal Housing Finance Agency (collectively, the agencies) are reopening the comment period for the notice of proposed rulemaking (NPR) that would amend swap margin requirements for a registered swap dealer that is an insured depository institution or is otherwise supervised by one of the agencies.

Statement of Applicability to Institutions with Total Assets Under $1 Billion: The swap margin rule exempts swaps entered into for hedging by financial institutions with total assets of $10 billion or less. Thus, the proposed amendments are not expected to affect such institutions. However, all interested persons are invited to comment on the NPR.

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Paper copies may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).

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