United States Government Publishing Office
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United States
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Regulatory Information
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2020-03-25
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Short-Term Investment Funds
Rules and Regulations
D09002ee1bdb5d267
D09002ee1bdb5d2af
United States
Department of the Treasury
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org
United States Government Agency or Subagency
United States
Office of the Comptroller of the Currency
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United States Government Agency or Subagency
The OCC is adopting an interim final rule to revise the OCC's short-term investment fund (STIF) rule (STIF Rule) for national banks acting in a fiduciary capacity. Sudden disruptions in the financial markets have created conditions that may constrain the ability of a national bank's management team to execute certain elements of a STIF's written investment policy, specifically with regard to investment plan components addressing the weighted average maturity and weighted average life of the STIF's investment portfolio. The OCC is issuing this interim final rule to allow national banks to operate affected STIFs on a limited-time basis with increased maturity limits under these circumstances.
85 FR 16888
https://www.govinfo.gov/app/details/FR-2020-03-25/2020-06293
2020-06293
fr25mr20-2
RIN 1557-AE84
4810-01-P
Docket No. OCC-2020-0012
https://www.govinfo.gov/app/details/FR-2020-03-25/2020-06293
https://www.govinfo.gov/content/pkg/FR-2020-03-25/html/2020-06293.htm
https://www.govinfo.gov/content/pkg/FR-2020-03-25/pdf/2020-06293.pdf
Estates
Investments
National Banks
Reporting and Recordkeeping Requirements
Trusts and Trustees
5 p.
16888
16892
85 FR 16888
Code of Federal Regulations
Title 12 Part 9
12 CFR Part 9
Regulation Identification Number 1557-AE84
RIN 1557-AE84
Short-Term Investment Funds; Federal Register Vol. 85, Issue
RULE
2020-06293
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
2020-03-23
2020-05-11
Docket No. OCC-2020-0012
4810-01-P
2020-06293
Interim final rule and request for comment.
The OCC is adopting an interim final rule to revise the OCC's short-term investment fund (STIF) rule (STIF Rule) for national banks acting in a fiduciary capacity. Sudden disruptions in the financial markets have created conditions that may constrain the ability of a national bank's management team to execute certain elements of a STIF's written investment policy, specifically with regard to investment plan components addressing the weighted average maturity and weighted average life of the STIF's investment portfolio. The OCC is issuing this interim final rule to allow national banks to operate affected STIFs on a limited-time basis with increased maturity limits under these circumstances.
The interim final rule is effective March 23, 2020, and is applicable beginning March 20, 2020. Comments on the interim final rule must be received no later than May 11, 2020.
Patricia Dalton, Director for Asset Management Policy, Market Risk Policy Division, Bank Supervision Policy, (202) 649-6401, Stephanie Boccio, Asset Management Lead Expert, Systemic Risk Identification Support and Specialty Supervision, (202) 649-6397, or Jamey Basham, Assistant Director, Chief Counsel's Office, (202) 649- 5490, for persons who are deaf or hearing impaired, TTY, (202) 649- 5597, Office of the Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219.
Estates
Investments
National Banks
Reporting and Recordkeeping Requirements
Trusts and Trustees
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Federal Register
Vol. 85, no. 58
Office of the Federal Register, National Archives and Records Administration
2020-03-25
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120 p.
Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-2020-03-25
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https://www.govinfo.gov/app/details/FR-2020-03-25
https://www.govinfo.gov/content/pkg/FR-2020-03-25/pdf/FR-2020-03-25.pdf
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2020-03-25
2023-04-27
FR-2020-03-25
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FR-2020-03-25
85
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