On September 12th, the OCC issued a Bulletin advising federal savings associations to review the FDIC's July 24, 2012, final rule and guidance on investments in corporate debt securities. Federal savings associations have until January 1, 2013, to comply with the FDIC's final rule. In addition, the OCC reminds federal savings associations they must comply by January 1, 2013, with the OCC's final rules and guidance regarding investments in other securities, published June 26, 2012.
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OCC bulletin on FDIC rule concerning permissible investments
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