Regulatory Alerts2025-12-19 | Interpretive Letter 1189Added
Interpretive Letter 1189 — Exemption from Section 23A for Bank Merger
The Office of the Comptroller of the Currency grants a national bank an exemption from the quantitative limits of Section 23A of the Federal Reserve Act and Regulation W to facilitate the merger of its nonbank affiliate's fixed income derivatives business into the bank. The OCC, the Federal Reserve Board, and the FDIC jointly determined that the exemption is in the public interest, consistent with Section 23A's purposes, and does not present an unacceptable risk to the Deposit Insurance Fund. This action is conditioned upon the bank's receipt of all other required regulatory approvals for the merger.
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