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FDIC purging duplicative rules

The FDIC published in today's Federal Register three final rules removing transferred OTS regulations relating to requirements for state savings associations.

  • 85 FR 3250, rescinding and removing subpart T of 12 CFR part 390, which included duplicative rules regarding accounting requirements
  • 85 FR 3247, rescinding and removing subpart R of 12 CFR part 390, which included duplicative regulatory reporting requirements
  • 85 FR 3232, rescinding and removing subpart S of 12 CFR part 390, which included duplicative rules on operations, and making conforming changes to cross references and technical changes in 12 CFR parts 303, 326, 337, and 353.

All of the amendments will be effective February 20, 2020.

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