OTS

Community Reinvestment Act Regulations Revisions

The OCC, Board, FDIC, and OTS have issued a joint final rule revising the Community Reinvestment Act (CRA) regulations. The revisions expand the definition of 'community development' to include activities supporting the Neighborhood Stabilization Program (NSP), providing favorable CRA consideration for such activities that benefit low-, moderate-, and middle-income individuals and geographies.

Rule: Prohibited Service at Savings and Loan Holding Companies

The Office of Thrift Supervision (OTS) has issued a final rule amending its regulations concerning prohibited service at savings and loan holding companies (SLHCs). This rule reinstitutes a temporary exemption for individuals who held positions with an SLHC as of the enactment of Section 19(e) of the FDIA, extending its expiration date to December 31, 2012.

Community Reinvestment Act Regulations: Technical Amendment to Asset Thresholds

The OCC, Board, FDIC, and OTS jointly issued a technical amendment to their Community Reinvestment Act (CRA) regulations. This amendment adjusts the asset-size thresholds used to define 'small bank' and 'intermediate small bank' based on the annual percentage change in the Consumer Price Index.

OTS Proposed Rule on Basel II Capital Standards

The Office of Thrift Supervision (OTS) has proposed amendments to its advanced risk-based capital adequacy standards to align with the Dodd-Frank Act. The proposal also seeks to provide limited flexibility in general risk-based capital rules for certain assets not typically held by depository institutions.

Capital Distribution Notice

The Office of Thrift Supervision published a notice regarding capital distribution. This document provides information on the process and requirements for capital distributions. The comment period for this notice closed on September 19, 2011.

Proposed Agency Information Collection Activities; Comment Request

The Office of the Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision have requested public comment on proposed agency information collection activities. This notice outlines the specific collections for which comments are sought.

Recordkeeping and Confirmation Requirements for Securities Transactions

The Office of Thrift Supervision issued a notice regarding recordkeeping and confirmation requirements for securities transactions. This notice provides information and a comment period for interested parties.

Federal Register Notice on Electronic Operations

The Office of Thrift Supervision issued a notice regarding the electronic operations of the Federal Register. This notice clarifies the legal status of the prototype "Web 2.0" version of the daily Federal Register, stating it is not an official legal edition until sanctioned by the Administrative Committee of the Federal Register.

Notice on Lending and Investment

The Office of Thrift Supervision published a notice regarding lending and investment practices. This notice provides information and seeks public comment on specific aspects of these practices.