United States Government Publishing Office
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National Archives and Records Administration
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Regulatory Information
2021_register
executive
2021-03-02
article
Role of Supervisory Guidance
Rules and Regulations
D09002ee1bdb28179
D09002ee1bdb281e1
United States
Federal Deposit Insurance Corporation
originator
org
United States Government Agency or Subagency
The FDIC is adopting a final rule that codifies the Interagency Statement Clarifying the Role of Supervisory Guidance, issued by the FDIC, Board of Governors of the Federal Reserve System (Board), Office of the Comptroller of the Currency, Treasury (OCC), 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 FDIC 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 FDIC. The final rule adopts the rule as proposed without substantive changes.
86 FR 12079
https://www.govinfo.gov/app/details/FR-2021-03-02/2021-01537
2021-01537
fr02mr21-1
RIN 3064-AF32
6714-01-P
https://www.govinfo.gov/app/details/FR-2021-03-02/2021-01537
https://www.govinfo.gov/content/pkg/FR-2021-03-02/html/2021-01537.htm
https://www.govinfo.gov/content/pkg/FR-2021-03-02/pdf/2021-01537.pdf
Administrative Practice and Procedure
Banks
Banking
8 p.
12079
12086
86 FR 12079
Code of Federal Regulations
Title 12 Part 302
12 CFR Part 302
Regulation Identification Number 3064-AF32
RIN 3064-AF32
Role of Supervisory Guidance; Federal Register Vol. 86, Issue
RULE
2021-01537
FEDERAL DEPOSIT INSURANCE CORPORATION
2021-04-01
6714-01-P
2021-01537
Final rule.
The FDIC is adopting a final rule that codifies the Interagency Statement Clarifying the Role of Supervisory Guidance, issued by the FDIC, Board of Governors of the Federal Reserve System (Board), Office of the Comptroller of the Currency, Treasury (OCC), 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 FDIC 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 FDIC. The final rule adopts the rule as proposed without substantive changes.
The final rule is effective on April 1, 2021.
Rae-Ann Miller, Senior Deputy Director, (202) 898-3898; Karen Jones Currie, Senior Examination Specialist, (202) 898-3981; Supervisory Examinations Branch, Division of Risk Management and Supervision; Luke H. Brown, Associate Director, (202) 898-3842; David Friedman, Senior Policy Analyst, (202) 898-7168, Supervisory Policy, Division of Depositor and Consumer Protection; William Piervincenzi, Supervisory Counsel, (202) 898-6957; Kathryn J. Marks, Counsel, (202) 898-3896; Jennifer M. Jones, Counsel, (202) 898- 6768, jennjones@fdic.gov, Supervision and Legislation Branch, Legal Division, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. For the hearing impaired only, Telecommunication Device for the Deaf (TDD), (800) 925-4618.
Administrative Practice and Procedure
Banks
Banking
Role of Supervisory Guidance,
jennjones@fdic.gov
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.fdic.gov/about/governance/recommendations.html
https://www.fdic.gov/news/financial-institution-letters/2018/fil18049.html
Federal Register
Vol. 86, no. 39
Office of the Federal Register, National Archives and Records Administration
2021-03-02
continuing
daily
deposited
born digital
187 p.
Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-2021-03-02
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0097-6326
0042-1219
0364-1406
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000582072
f:fr02mr21
https://www.govinfo.gov/app/details/FR-2021-03-02
https://www.govinfo.gov/content/pkg/FR-2021-03-02/pdf/FR-2021-03-02.pdf
https://www.govinfo.gov/content/pkg/FR-2021-03-02/xml/FR-2021-03-02.xml
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