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federal_register: 2020-06153

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document_number title type abstract publication_date pub_year pub_month html_url pdf_url agency_names agency_ids excerpts regulation_id_numbers
2020-06153 Parent Companies of Industrial Banks and Industrial Loan Companies Proposed Rule The Federal Deposit Insurance Corporation is seeking comment on a proposed rule that would require certain conditions and commitments for each deposit insurance application approval, non- objection to a change in control notice, and merger application approval that would result in an insured industrial bank or industrial loan company becoming, after the effective date of any final rule, a subsidiary of a company that is not subject to consolidated supervision by the Federal Reserve Board. The proposed rule also would require that before any industrial bank or industrial loan company may become a subsidiary of a company that is not subject to consolidated supervision by the Federal Reserve Board, such company and the industrial bank or industrial loan company must enter into one or more written agreements with the Federal Deposit Insurance Corporation. 2020-03-31 2020 3 https://www.federalregister.gov/documents/2020/03/31/2020-06153/parent-companies-of-industrial-banks-and-industrial-loan-companies https://www.govinfo.gov/content/pkg/FR-2020-03-31/pdf/2020-06153.pdf Federal Deposit Insurance Corporation 164 The Federal Deposit Insurance Corporation is seeking comment on a proposed rule that would require certain conditions and commitments for each deposit insurance application approval, non- objection to a change in control notice, and merger application...  

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