United States Government Publishing Office
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National Archives and Records Administration
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Regulatory Information
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2021-02-12
article
Role of Supervisory Guidance
Rules and Regulations
D09002ee1bdb28ff3
D09002ee1bdb29073
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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org
United States Government Agency or Subagency
The OCC is adopting a final rule that codifies the Interagency Statement Clarifying the Role of Supervisory Guidance, issued by the OCC, Board of Governors of the Federal Reserve System (Board), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), and Bureau of Consumer Financial Protection (Bureau) (collectively, the agencies) on September 11, 2018 (2018 Statement). By codifying the 2018 Statement, with amendments, the final rule confirms that the OCC will continue to follow and respect the limits of administrative law in carrying out its supervisory responsibilities. The 2018 Statement reiterated well-established law by stating that, unlike a law or regulation, supervisory guidance does not have the force and effect of law. As such, supervisory guidance does not create binding legal obligations for the public. Because it is incorporated into the final rule, the 2018 Statement, as amended, is binding on the OCC. The final rule adopts the rule as proposed without substantive change.
86 FR 9253
https://www.govinfo.gov/app/details/FR-2021-02-12/2021-01499
2021-01499
fr12fe21-2
RIN 1557-AE80
4810-33-P
Docket No. OCC-2020-0005
https://www.govinfo.gov/app/details/FR-2021-02-12/2021-01499
https://www.govinfo.gov/content/pkg/FR-2021-02-12/html/2021-01499.htm
https://www.govinfo.gov/content/pkg/FR-2021-02-12/pdf/2021-01499.pdf
Administrative Practice and Procedure
Freedom of Information
Individuals with Disabilities
Minority Businesses
Organization and Functions (Government Agencies)
Reporting and Recordkeeping Requirements
Women
9 p.
9253
9261
86 FR 9253
Code of Federal Regulations
Title 12 Part 4
12 CFR Part 4
Regulation Identification Number 1557-AE80
RIN 1557-AE80
Role of Supervisory Guidance; Federal Register Vol. 86, Issue
RULE
2021-01499
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
2021-03-15
Docket No. OCC-2020-0005
4810-33-P
2021-01499
Final rule.
The OCC is adopting a final rule that codifies the Interagency Statement Clarifying the Role of Supervisory Guidance, issued by the OCC, Board of Governors of the Federal Reserve System (Board), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), and Bureau of Consumer Financial Protection (Bureau) (collectively, the agencies) on September 11, 2018 (2018 Statement). By codifying the 2018 Statement, with amendments, the final rule confirms that the OCC will continue to follow and respect the limits of administrative law in carrying out its supervisory responsibilities. The 2018 Statement reiterated well-established law by stating that, unlike a law or regulation, supervisory guidance does not have the force and effect of law. As such, supervisory guidance does not create binding legal obligations for the public. Because it is incorporated into the final rule, the 2018 Statement, as amended, is binding on the OCC. The final rule adopts the rule as proposed without substantive change.
This final rule is effective on March 15, 2021.
Mitchell Plave, Special Counsel, (202) 649-5490; or Henry Barkhausen, Counsel, Chief Counsel's Office (202) 649-5490; or Steven Key, Associate Deputy Comptroller for Bank Supervision Policy, (202) 649-6770, Office of the Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219.
Administrative Practice and Procedure
Freedom of Information
Individuals with Disabilities
Minority Businesses
Organization and Functions (Government Agencies)
Reporting and Recordkeeping Requirements
Women
Role of Supervisory Guidance,
https://bpi.com/wp-content/uploads/2018/11/BPI_PFR_on_Role_of_Supervisory_Guidance_Federal_Reserve.pdf
https://www.acus.gov/recommendation/agency-guidance-through-interpretive-rules
https://www.acus.gov/recommendation/agency-guidance-through-policy-statements
https://www.occ.gov/news-issuances/news-releases/2018/nr-ia-2018-97a.pdf
Federal Register
Vol. 86, no. 28
Office of the Federal Register, National Archives and Records Administration
2021-02-12
continuing
daily
deposited
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190 p.
Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-2021-02-12
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0097-6326
0042-1219
0364-1406
769-004-00000-9
000582072
f:fr12fe21
https://www.govinfo.gov/app/details/FR-2021-02-12
https://www.govinfo.gov/content/pkg/FR-2021-02-12/pdf/FR-2021-02-12.pdf
https://www.govinfo.gov/content/pkg/FR-2021-02-12/xml/FR-2021-02-12.xml
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2021-02-12
2023-04-27
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FR-2021-02-12
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