other · Treasury · 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
other
Sub-agency
Treasury
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. ---------------------------------------------------------------------------