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Government Securities Sales Practices

banking-occ · OCC · Rule · Published 1997-03-19 · Effective 1997-07-01 · 62 FR 13276

Document

Document number
97-6803
Federal Register citation
62 FR 13276
CFR reference
12 CFR 13
Type
Rule
Action
Joint final rule.
Category
banking-occ
Sub-agency
OCC
Publication date
1997-03-19
Effective date
1997-07-01
Treasury docket
Docket No. 97-05

Abstract

The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), and Federal Deposit Insurance Corporation (FDIC) (collectively, the agencies) are issuing rules regarding sales practices concerning government securities by depository institutions within their respective jurisdictions. The agencies are adopting the final rules in light of recent statutory changes authorizing the agencies to adopt rules governing transactions in government securities in order to provide consistent treatment for government securities customers. The final rules minimize regulatory burdens to the extent feasible, consistent with the goal of providing purchasers of government securities with consistent treatment regardless of whether they engage in transactions in government securities with banks or nonbank government securities brokers and dealers.

Source

Authoritative
Federal Register document
Machine
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