Regulatory Alerts2019-10-03 | 2019-21323Removal of Transferred OTS Regulation Regarding Deposits
The Federal Deposit Insurance Corporation issued a supplemental notice of proposed rulemaking to update its regulatory flexibility analysis regarding the removal of transferred Office of Thrift Supervision regulations on deposits. This action reflects adjustments to the Small Business Administration’s monetary-based size standards for small banking organizations, which were updated for inflation in August 2019. The FDIC certifies that the proposed removal of redundant deposit regulations will not have a significant economic impact on a substantial number of small entities.
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