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Calculation of Maximum Obligation Limitation

FDIC · final-rule · Published 2012-06-22 · Effective 2012-07-23 · 77 FR 37554

Document

Document number
2012-15310
Federal Register citation
77 FR 37554
CFR reference
12 CFR 380
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Deposit Insurance Corporation
Publication date
2012-06-22
Effective date
2012-07-23

Abstract

The Federal Deposit Insurance Corporation (the "FDIC") and the Departmental Offices of the Department of the Treasury (the "Treasury") (collectively, the "Agencies") are issuing the final rule ("Final Rule") to implement applicable provisions of the Dodd- Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act").\1\ The Final Rule governs the calculation of the maximum obligation limitation ("MOL"), as specified in the Dodd-Frank Act. The MOL limits the aggregate amount of outstanding obligations that the FDIC may issue or incur in connection with the orderly liquidation of a covered financial company. ---------------------------------------------------------------------------

Source

Authoritative
Federal Register document
Machine
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