The Office of the Comptroller of the Currency adopted an interim final rule to amend the lending limit for national banks under a Dodd-Frank Act requirement.
The rule revises the definition of loans to include derivative-transaction exposures, repurchase agreements and securities lending, the OCC said today in a statement announcing the final rule. Banks and savings associations have to comply by the end of the year, the agency said.
To contact the reporter on this story: Jesse Hamilton in Washington at email@example.com.
To contact the editor responsible for this story: Maura Reynolds at firstname.lastname@example.org.