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FRB Issues Notice of Supervisory Responsibility of OTS Regulations
The Federal Reserve Board (FRB) issued a notice of its intention to enforce certain regulations previously issued by the Office of Thrift Supervision (OTS). The FRB assumed the supervisory responsibility for savings and loan holding companies (SLHCs) and their non-depository subsidiaries as of July 21, 2011, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. Comments must be submitted on or before August 31, 2011.
The Federal Reserve Board notice as published in the Federal Register (Vol. 76, No. 141, Friday, July 22, 2011, Page 43953-43957) can be viewed here: Federal Register - FRB/OTS Notice.
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