other · Treasury · Rule · Published 1999-01-19 · Effective 1999-04-01 · 64 FR 2805
Document
Document number
99-1040
Federal Register citation
64 FR 2805
CFR reference
12 CFR 563
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Treasury
Publication date
1999-01-19
Effective date
1999-04-01
Treasury docket
No. 99-1
Abstract
The Office of Thrift Supervision (OTS) is issuing a final rule revising its capital distribution regulation. Today's rule updates, simplifies, and streamlines this regulation to reflect OTS's implementation of the system of prompt corrective action (PCA) established under the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA). The final rule also conforms OTS's capital distribution requirements more closely to those of the other banking agencies.