# Financial Management Policies; Financial Derivatives
> **Treasury** · Final rule. · Published 1998-12-01 · Effective 1999-01-01 · 63 FR 66348
## Document
- **Document number:** 98-31673
- **Category:** other
- **Sub-agency:** Treasury
- **Federal Register citation:** 63 FR 66348
- **CFR reference:** 12 CFR 563
- **Publication date:** 1998-12-01
- **Effective date:** 1999-01-01
- **Treasury docket:** No. 98-116
## Abstract

The Office of Thrift Supervision (OTS) is issuing a final rule on financial derivatives. The final rule permits savings associations to engage in transactions involving financial derivatives to the extent that these transactions are authorized under applicable law and are otherwise safe and sound. In addition, the final rule describes the responsibilities of a savings association's board of directors and management with respect to financial derivatives. Elsewhere in today's Federal Register, OTS is publishing a Thrift Bulletin that provides supplemental supervisory guidance on the use of financial derivatives.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1998/12/01/98-31673/financial-management-policies-financial-derivatives)
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